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Texas oil lease

Producing

MATTHEWS-RAY

Matthews-Ray is an oil lease in Wood County, Texas, operated by Strand Energy, L.c. in the Crow (Paluxy, Lower) field.

1 well

16,908bbl oil, last 12 months−8% vs prior year
Operator
Strand Energy, L.c.
County
Wood County
Field
Crow (Paluxy, Lower)
RRC lease
06-15885

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Where it sits

This county

Wood CountyWoodFranklinVan ZandtHuntGreggUpshurMorrisHopkinsSmithDeltaTitusCampRainsWood County
Wood County
Gas, last 12 months
2,687 mcf
Oil in Jul 2026
1,312 bbl

Production by month

Oil output fell 8% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 8% over the last 12 monthsMonthly oil production and gas for MATTHEWS-RAY, Aug 2023 to Jul 2026. Oil output fell 8% over the last 12 months. 16,908 bbl in the 12 months through Jul 2026, against 18,357 bbl in the 12 months before.Last 12 months: 16,908 bblbbl per monthmcf per month001,0002002,0004003,0006004,0008005,0001,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 8% over the last 12 monthsMonthly oil production and gas for MATTHEWS-RAY, Aug 2023 to Jul 2026. Oil output fell 8% over the last 12 months. 16,908 bbl in the 12 months through Jul 2026, against 18,357 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0002002,0004003,0006004,0008005,0001,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

60% of the gas went to flaring in the last 12 months

Flaring peaked at 90.4% of the gas in Sep 2023.

  • Lease fuel (1)
  • Flared (4)
60% of the gas went to flaring in the last 12 monthsShare of MATTHEWS-RAY gas by disposition code each month, Aug 2023 to Jul 2026. 60% of the gas went to flaring in the last 12 months. Flaring peaked at 90.4% of the gas in Sep 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 90.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
60% of the gas went to flaring in the last 12 monthsShare of MATTHEWS-RAY gas by disposition code each month, Aug 2023 to Jul 2026. 60% of the gas went to flaring in the last 12 months. Flaring peaked at 90.4% of the gas in Sep 2023.Share of gas by disposition code0%50%100%Flared 90.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Flared (4)

    60% · 1,609 mcf

  • Lease fuel (1)

    40% · 1,078 mcf

59.9% of the gas flared in the last 12 months. 35 months above 3%.

1 well on this lease

Wells on MATTHEWS-RAY
API numberWell no.Status
42-499-321962Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dk Trading & Supply, LLCOilGathers100Jul 1, 2022–
Lion Oil Trading & Trans, LLCOilGathers100May 13, 2022Jul 1, 2022

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

40 acres on the newest permit

Permits for Matthews-Ray
API numberWell no.Acreson the permit
42-499-32196240

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

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36 months, newest first

Ledger for MATTHEWS-RAY
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,3121,45426600$80.46$2.89
Jun 20261,3541,3013670140$84.81$3.15
May 20261,4931,6011940154$102.13$2.94
Apr 20261,4191,2991880147$100.32$2.77
Mar 20261,5581,6032480161$91.38$3.04
Feb 20261,1821,1361870121$64.51$3.62
Jan 2026900664143092$60.04$7.72
Dec 2025793981129081$57.97$4.26
Nov 20251,6621,8142550171$60.06$3.79
Oct 20251,6751,6232570173$60.89$3.19
Sep 20251,7581,6272240182$63.96$2.97
Aug 20251,8021,8042290187$64.86$2.91
Jul 20251,7621,7852260184$68.39$3.20
Jun 20251,6331,4502070169$68.17$3.02
May 20251,8381,9622350191$62.17$3.12
Apr 20251,5561,4241970162$63.54$3.42
Mar 20251,4741,6592080145$68.24$4.12
Feb 20251,4471,2982240149$71.53$4.19
Jan 20251,0291,1311600106$75.74$4.13
Dec 20241,0881,0941700113$70.12$3.01
Nov 20241,4621,4582250150$69.95$2.12
Oct 20241,7181,7922650178$71.99$2.20
Sep 20241,6111,5562140173$70.24$2.28
Aug 20241,7391,7842210180$76.68$1.99
Jul 20241,6871,6302130174$81.80$2.07
Jun 20241,9922,1142450206$79.77$2.54
May 20241,6881,6242150174$80.02$2.12
Apr 20241,9571,9472470202$85.35$1.60
Mar 20242,0802,1363070214$81.28$1.49
Feb 20241,8221,8302650187$77.25$1.72
Jan 20241,9451,9022770199$74.15$3.18
Dec 20232,4402,2653430250$71.90$2.52
Nov 20232,1822,4733150225$77.69$2.71
Oct 20233,8163,7814850395$85.64$2.98
Sep 20232,9072,7323340302$89.43$2.64
Aug 20234,1604,7085280435$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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This lease belongs to

OperatorStrand Energy, L.c.FieldCrow (Paluxy, Lower)CountyWood County

Strand Energy, L.c. in Wood County

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Crow (Paluxy, Lower) field

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