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Texas oil lease

Producing

MIDLAND 'AC/AF' FEE

Midland 'Ac/Af' Fee is an oil lease in Midland County, Texas, operated by Chevron U. S. A. Inc. in the Spraberry (Trend Area) field.

5 wells

62,977bbl oil, last 12 months+175% vs prior year
Operator
Chevron U. S. A. Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-46042

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
282,079 mcf
Oil in Jul 2026
6,088 bbl

Production by month

Oil output rose 175% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 175% over the last 12 monthsMonthly oil production and gas for MIDLAND 'AC/AF' FEE, Aug 2023 to Jul 2026. Oil output rose 175% over the last 12 months. 62,977 bbl in the 12 months through Jul 2026, against 22,936 bbl in the 12 months before.Last 12 months: 62,977 bblbbl per monthmcf per month002,00010k4,00020k6,00030k8,00040k10k50kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 175% over the last 12 monthsMonthly oil production and gas for MIDLAND 'AC/AF' FEE, Aug 2023 to Jul 2026. Oil output rose 175% over the last 12 months. 62,977 bbl in the 12 months through Jul 2026, against 22,936 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,00010k4,00020k6,00030k8,00040k10k50kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

97% of the gas went to a processing plant in the last 12 months

Flaring peaked at 3.0% of the gas in Jan 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Other (5 to 8)
  • Flared (4)
97% of the gas went to a processing plant in the last 12 monthsShare of MIDLAND 'AC/AF' FEE gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.0% of the gas in Jan 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 3.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
97% of the gas went to a processing plant in the last 12 monthsShare of MIDLAND 'AC/AF' FEE gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.0% of the gas in Jan 2025.Share of gas by disposition code0%50%100%Flared 3.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    97% · 272,346 mcf

  • Other (5 to 8)

    2.7% · 7,601 mcf

  • Flared (4)

    0.6% · 1,780 mcf

  • Transmission line (2)

    0.1% · 352 mcf

0.6% of the gas flared in the last 12 months. One month above 3%.

5 wells on this lease

Wells on MIDLAND 'AC/AF' FEE
API numberWell no.Status
42-329-394146HBActive
42-329-394215HBActive
42-329-4070615HAActive
42-329-418950163LSActive
42-329-470074843CLActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers20Aug 1, 2025–
Enterprise Crude Oil LLCOilGathers20Aug 1, 2025–
Enterprise Crude Pipeline LLCOilGathers20Aug 1, 2025–
Ngl Crude Assets and Mktg, LLCOilGathers20Aug 1, 2025–
Plains Pipeline L.p.OilGathers20Aug 1, 2025–
Chevron U. S. A. Inc.Casinghead gasBuys50Aug 1, 2025–
Energy Transfer CompanyCasinghead gasBuys50Aug 1, 2025–
Chevron U. S. A. Inc.Casinghead gasGathers50Aug 1, 2025–
Energy Transfer CompanyCasinghead gasGathers50Aug 1, 2025–
Chevron U. S. A. Inc.Casinghead gasGathers100Nov 1, 2014Aug 1, 2025
Chevron U. S. A. Inc.Casinghead gasBuys100Nov 1, 2014Aug 1, 2025
Chevron U. S. A. Inc.OilGathers15Jun 13, 2024Aug 1, 2025
Energy Trans Crude Marketing LLCOilGathers15Jun 13, 2024Aug 1, 2025
Energy Transfer Crude Oil Co,llcOilGathers20Jun 13, 2024Aug 1, 2025
Enterprise Crude Oil LLCOilGathers15Jun 13, 2024Aug 1, 2025

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

Who buys my oilOil price check

963 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A production sharing agreement well is on this lease

    A production sharing agreement divides production by a method the agreement sets. Ask the operator for the agreement and the tract percentage it gives your land.

  • Good to know

    The wells on this lease state different acreage

    The permits state between 963 and 1,292.72 acres. Use the acres from your own division order for the well you are paid on.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Midland 'Ac/Af' Fee
API numberWell no.Acreson the permit
42-329-470074843CL963
42-329-418950163LS1,283.66
42-329-4070615HA1,292.72
42-329-394146HB1,292.72
42-329-394215HB1,292.72

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

What Chevron Corporation told investors it received

Chevron U. S. A. Inc. is linked to Chevron Corporation (CVX).
Realized prices reported by Chevron Corporation
QuarterOil$ per bblFiling
Q2 2026$99.38SEC filing
Q2 2026$95.66SEC filing
Q1 2026$80.12SEC filing
Q1 2026$68.83SEC filing
Q4 2025–SEC filing
Q4 2025–SEC filing

SourceChevron Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for MIDLAND 'AC/AF' FEE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20266,0886,07612,16710,94758$80.46$2.89
Jun 20263,6153,61812,01410,71569$84.81$3.15
May 20264,7054,70528,62126,484105$102.13$2.94
Apr 20265,0795,09712,51410,54527$100.32$2.77
Mar 20266,2486,23413,63012,34550$91.38$3.04
Feb 20266,0396,04218,98818,91474$64.51$3.62
Jan 20267,0167,02329,89829,774124$60.04$7.72
Dec 20257,4427,46029,62629,453173$57.97$4.26
Nov 20257,9507,99025,57125,361210$60.06$3.79
Oct 20252,9732,96529,28228,767515$60.89$3.19
Sep 20252,9322,90027,56027,425135$63.96$2.97
Aug 20252,8902,89942,20841,968240$64.86$2.91
Jul 20252,6492,60044,07543,879196$68.39$3.20
Jun 20251,2321,2517,0947,0877$68.17$3.02
May 20251,2711,2376,7016,67229$62.17$3.12
Apr 20254414726,3806,30278$63.54$3.42
Mar 20251,2831,2739,7119,64863$68.24$4.12
Feb 20251,7321,7426,9826,95230$71.53$4.19
Jan 20252,0372,04510,95910,627332$75.74$4.13
Dec 20241,9601,96410,43410,38153$70.12$3.01
Nov 20241,8031,8139,6309,41513$69.95$2.12
Oct 20243,0032,99621,43921,41029$71.99$2.20
Sep 20243,0593,05718,94318,91825$70.24$2.28
Aug 20242,4662,47919,26619,19245$76.68$1.99
Jul 20242,3362,29120,07619,59880$81.80$2.07
Jun 20241,2041,20312,89712,49720$79.77$2.54
May 20241,1921,18714,84514,35043$80.02$2.12
Apr 20241,1171,14113,27412,95726$85.35$1.60
Mar 20242,5612,56017,46017,04142$81.28$1.49
Feb 20242,2302,21210,38110,22048$77.25$1.72
Jan 20241,8961,9125,0554,89655$74.15$3.18
Dec 20231,8881,9065,6265,45640$71.90$2.52
Nov 20232,9622,94510,60410,254109$77.69$2.71
Oct 20232,6052,5914,2924,10352$85.64$2.98
Sep 20231,6971,6871,3231,25814$89.43$2.64
Aug 20238898849799377$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorChevron U. S. A. Inc.FieldSpraberry (Trend Area)CountyMidland County

Chevron U. S. A. Inc. in Midland County

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Spraberry (Trend Area) field

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