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MIDLAND AX FEE UNIT

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

12 wells

28,802bbl oil, last 12 months−22% vs prior year
Operator
Chevron U. S. A. Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-46591

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
280,794 mcf
Oil in Jul 2026
1,955 bbl

Production by month

Oil output fell 22% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 22% over the last 12 monthsMonthly oil production and gas for MIDLAND AX FEE UNIT, Aug 2023 to Jul 2026. Oil output fell 22% over the last 12 months. 28,802 bbl in the 12 months through Jul 2026, against 36,805 bbl in the 12 months before.Last 12 months: 28,802 bblbbl per monthmcf per month002,00020k4,00040k6,00060k8,00080kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 22% over the last 12 monthsMonthly oil production and gas for MIDLAND AX FEE UNIT, Aug 2023 to Jul 2026. Oil output fell 22% over the last 12 months. 28,802 bbl in the 12 months through Jul 2026, against 36,805 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,00020k4,00040k6,00060k8,00080kJan 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 UNIT 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 UNIT 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% · 265,028 mcf

  • Other (5 to 8)

    4.8% · 13,484 mcf

  • Flared (4)

    0.5% · 1,333 mcf

  • Transmission line (2)

    0.3% · 949 mcf

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

12 wells on this lease

Wells on MIDLAND AX FEE UNIT
API numberWell no.Status
42-329-398422WSShut-in
42-329-398434WSShut-in
42-329-400231WSShut-in
42-329-400243WSShut-in
42-329-400961HBActive
42-329-400972HDActive
42-329-400983HAActive
42-329-400994HBActive
42-329-401895HBActive
42-329-401906HDActive
42-329-401917HAActive
42-329-401928HBActive

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 gasGathers100May 1, 2017Aug 1, 2025
Chevron U. S. A. Inc.Casinghead gasBuys100May 1, 2017Aug 1, 2025
Enterprise Crude Oil LLCOilGathers25May 18, 2020Aug 1, 2025
Enterprise Crude Pipeline LLCOilGathers25May 18, 2020Aug 1, 2025
Ngl Crude Logistics, LLCOilGathers25May 18, 2020Aug 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

320 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 320 and 639.63 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    12 wells are listed on this lease

    Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

  • 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 Unit
API numberWell no.Acreson the permit
42-329-401928HB320
42-329-401895HB320
42-329-401906HD320
42-329-401917HA320
42-329-400961HB320
42-329-400972HD320
42-329-400983HA320
42-329-400994HB320
42-329-400243WS639.63
42-329-400231WS639.63
42-329-398422WS639.63
42-329-398434WS639.63

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 UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,9552,01114,89213,39476$80.46$2.89
Jun 20261,8691,80615,33213,69167$84.81$3.15
May 20262,0542,04916,20314,97281$102.13$2.94
Apr 20261,5941,70715,64013,16747$100.32$2.77
Mar 20262,7442,67021,27419,29453$91.38$3.04
Feb 20262,8192,72518,41516,57660$64.51$3.62
Jan 20261,0141,02714,18313,08197$60.04$7.72
Dec 20251,4171,48219,12118,03078$57.97$4.26
Nov 20253,0563,12629,14328,109207$60.06$3.79
Oct 20253,9333,91835,16034,558241$60.89$3.19
Sep 20253,3263,31436,06036,00060$63.96$2.97
Aug 20253,0212,96445,37145,105266$64.86$2.91
Jul 20252,4802,48155,05254,458594$68.39$3.20
Jun 20252,7482,72443,91743,496421$68.17$3.02
May 20252,7522,76236,84736,544303$62.17$3.12
Apr 20253,2313,25431,05330,835218$63.54$3.42
Mar 20252,9192,90936,69236,420272$68.24$4.12
Feb 20252,9893,14237,46837,242226$71.53$4.19
Jan 20253,2983,19044,51644,179337$75.74$4.13
Dec 20243,1083,09841,20640,741465$70.12$3.01
Nov 20243,1113,14036,75835,632361$69.95$2.12
Oct 20243,3013,36835,53634,2881,248$71.99$2.20
Sep 20243,2833,16935,36035,129231$70.24$2.28
Aug 20243,5853,62540,39340,159173$76.68$1.99
Jul 20244,4814,47944,73043,537310$81.80$2.07
Jun 20244,3754,31952,16150,339293$79.77$2.54
May 20242,9102,90036,71135,367225$80.02$2.12
Apr 20243,0393,04931,47230,677104$85.35$1.60
Mar 20244,7474,83839,47538,469156$81.28$1.49
Feb 20245,2305,14337,58437,017158$77.25$1.72
Jan 20245,2585,23533,86032,814346$74.15$3.18
Dec 20235,0835,17530,11429,184237$71.90$2.52
Nov 20234,6264,58430,72829,812216$77.69$2.71
Oct 20234,8544,87142,53940,825342$85.64$2.98
Sep 20233,3613,26240,49038,771187$89.43$2.64
Aug 20232,9632,98637,64836,128151$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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