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Texas oil lease

Producing

MIDLAND AX FEE B

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

1 well

5,766bbl oil, last 12 months−28% vs prior year
Operator
Chevron U. S. A. Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-49312

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
11,156 mcf
Oil in Jul 2026
358 bbl

Production by month

Oil output fell 28% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for MIDLAND AX FEE B, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 5,766 bbl in the 12 months through Jul 2026, against 8,056 bbl in the 12 months before.Last 12 months: 5,766 bblbbl per monthmcf per month005005,0001,00010k1,50015k2,00020k2,50025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for MIDLAND AX FEE B, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 5,766 bbl in the 12 months through Jul 2026, against 8,056 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005,0001,00010k1,50015k2,00020k2,50025kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

94% of the gas went to a processing plant in the last 12 months

Flaring peaked at 3.5% of the gas in Oct 2024.

  • Processing plant (3)
  • Transmission line (2)
  • Other (5 to 8)
  • Flared (4)
94% of the gas went to a processing plant in the last 12 monthsShare of MIDLAND AX FEE B gas by disposition code each month, Aug 2023 to Jul 2026. 94% of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.5% of the gas in Oct 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 3.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
94% of the gas went to a processing plant in the last 12 monthsShare of MIDLAND AX FEE B gas by disposition code each month, Aug 2023 to Jul 2026. 94% of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.5% of the gas in Oct 2024.Share of gas by disposition code0%50%100%Flared 3.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    94% · 10,450 mcf

  • Other (5 to 8)

    5.4% · 605 mcf

  • Flared (4)

    0.5% · 58 mcf

  • Transmission line (2)

    0.4% · 43 mcf

0.5% of the gas flared in the last 12 months. One month above 3%.

1 well on this lease

Wells on MIDLAND AX FEE B
API numberWell no.Status
42-329-4153312HBActive

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 gasGathers100Jul 11, 2017Aug 1, 2025
Chevron U. S. A. Inc.Casinghead gasBuys100Jul 11, 2017Aug 1, 2025
Enterprise Crude Oil LLCOilGathers25Jul 11, 2017Aug 1, 2025
Enterprise Crude Pipeline LLCOilGathers25Jul 11, 2017Aug 1, 2025
Ngl Crude Logistics, LLCOilGathers25Jul 11, 2017Aug 1, 2025
Plains Pipeline L.p.OilGathers25Jun 1, 2024Aug 1, 2025

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

Who buys my oilOil price check

807.60 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 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 Ax Fee B
API numberWell no.Acreson the permit
42-329-4153312HB807.60

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 AX FEE B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263583746736053$80.46$2.89
Jun 20264014132342091$84.81$3.15
May 20268638734944563$102.13$2.94
Apr 20268328364313631$100.32$2.77
Mar 20267837567316632$91.38$3.04
Feb 20266956811,0739663$64.51$3.62
Jan 20263954231,1981,1058$60.04$7.72
Dec 20259679281,5341,4466$57.97$4.26
Nov 20252982872,4922,40418$60.06$3.79
Oct 202556537437315$60.89$3.19
Sep 202561371710$63.96$2.97
Aug 20251121291,4821,4748$64.86$2.91
Jul 20254684757237158$68.39$3.20
Jun 20256546466616556$68.17$3.02
May 20256006045665624$62.17$3.12
Apr 202576376714,92714,821106$63.54$3.42
Mar 202565665215,29415,181113$68.24$4.12
Feb 202562364712,14212,06874$71.53$4.19
Jan 20255965683,1883,16424$75.74$4.13
Dec 20244154342,0932,06924$70.12$3.01
Nov 20247887882,6662,58327$69.95$2.12
Oct 20247237441,6961,63660$71.99$2.20
Sep 20247957722,1762,16214$70.24$2.28
Aug 20249759793,0032,98513$76.68$1.99
Jul 20241,0581,0603,2113,12522$81.80$2.07
Jun 20241,1061,1123,2763,16119$79.77$2.54
May 20241,1841,1643,9363,79225$80.02$2.12
Apr 20248318314,0423,94014$85.35$1.60
Mar 20241,1991,2175,3525,21621$81.28$1.49
Feb 20241,1921,1925,6025,51823$77.25$1.72
Jan 20241,9921,9909,6499,35199$74.15$3.18
Dec 20232,2442,28110,0479,73679$71.90$2.52
Nov 20231,9571,93610,0989,79672$77.69$2.71
Oct 20231,9711,98811,28310,82891$85.64$2.98
Sep 20231,5431,5056,0035,74828$89.43$2.64
Aug 20231,6441,6413,3833,24614$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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