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Texas oil lease

Producing

MORGAN, CLAY

Morgan, Clay is an oil lease in Fayette County, Texas, operated by Redbud E & P, Inc. in the Giddings (Austin Chalk-3) field.

1 well

447bbl oil, last 12 months−13% vs prior year
Operator
Redbud E & P, Inc.
County
Fayette County
Field
Giddings (Austin Chalk-3)
RRC lease
03-21375

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Where it sits

This county

Fayette CountyFayetteCaldwellBastropWashingtonBurlesonLeeAustinColoradoFayette County
Fayette County
Gas, last 12 months
2,141 mcf
Oil in Jul 2026
31 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Redbud E & P, Inc. took over from Ineos USA Oil & Gas LLC in Jun 2025.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Oil output fell 13% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 13% over the last 12 monthsMonthly oil production and gas for MORGAN, CLAY, Aug 2023 to Jul 2026. Oil output fell 13% over the last 12 months. 447 bbl in the 12 months through Jul 2026, against 511 bbl in the 12 months before.Last 12 months: 447 bblbbl per monthmcf per month0020100402006030080400100500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 13% over the last 12 monthsMonthly oil production and gas for MORGAN, CLAY, Aug 2023 to Jul 2026. Oil output fell 13% over the last 12 months. 447 bbl in the 12 months through Jul 2026, against 511 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020100402006030080400100500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a transmission line in the last 12 months

All of the gas went to a transmission line in the last 12 monthsShare of MORGAN, CLAY gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a transmission line in the last 12 monthsShare of MORGAN, CLAY gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed once, most recently in Jun 2025

Operators of this lease over timeIneos USA Oil & Gas LLC, Jan 2020 to May 2025; Redbud E & P, Inc., Jun 2025 to Jul 20262020202120222023202420252026Changed Jun 2025Ineos USA Oil & Gas LLCJan 2020 to May 2025Redbud E & P, Inc.Jun 2025 to now
Operators of this lease over timeIneos USA Oil & Gas LLC, Jan 2020 to May 2025; Redbud E & P, Inc., Jun 2025 to Jul 20262020202120222023202420252026Changed Jun 2025Ineos USA Oil & Gas LLCJan 2020 to May 2025Redbud E & P, Inc.Jun 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on MORGAN, CLAY
API numberWell no.Status
42-149-324801Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Gulfmark Energy, Inc.OilGathers100May 1, 2024–
Dcp Operating Company, LPCasinghead gasBuys100Sep 1, 2017–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017–
Enterprise Crude Oil LLCOilGathers34May 7, 2020May 1, 2024
Phillips 66 CompanyOilGathers33May 7, 2020May 1, 2024
Shell Trading (Us) CompanyOilGathers33May 7, 2020May 1, 2024
Shell Trading (Us) CompanyOilGathers100Oct 1, 2015May 7, 2020

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

Who buys my oilOil price check

469.07 acres on the newest permit

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Permits for Morgan, Clay
API numberWell no.Acreson the permit
42-149-324801469.07

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

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36 months, newest first

Ledger for MORGAN, CLAY
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Redbud E31261871870$80.46$2.89
Jun 2026Redbud E25801821820$84.81$3.15
May 2026Redbud E3311921920$102.13$2.94
Apr 2026Redbud E2601721720$100.32$2.77
Mar 2026Redbud E431422112110$91.38$3.04
Feb 2026Redbud E5102252250$64.51$3.62
Jan 2026Redbud E5522052050$60.04$7.72
Dec 2025Redbud E681211451450$57.97$4.26
Nov 2025Redbud E80770$60.06$3.79
Oct 2025Redbud E381772712710$60.89$3.19
Sep 2025Redbud E3401371370$63.96$2.97
Aug 2025Redbud E3512072070$64.86$2.91
Jul 2025Redbud E4611941940$68.39$3.20
Jun 2025Redbud E4822172170$68.17$3.02
May 2025Ineos USA451792362360$62.17$3.12
Apr 2025Ineos USA4512212210$63.54$3.42
Mar 2025Ineos USA551782742740$68.24$4.12
Feb 2025Ineos USA7714094090$71.53$4.19
Jan 2025Ineos USA00000$75.74$4.13
Dec 2024Ineos USA1301001000$70.12$3.01
Nov 2024Ineos USA3902052050$69.95$2.12
Oct 2024Ineos USA4002592590$71.99$2.20
Sep 2024Ineos USA4202392390$70.24$2.28
Aug 2024Ineos USA6123723720$76.68$1.99
Jul 2024Ineos USA01811831830$81.80$2.07
Jun 2024Ineos USA5802932930$79.77$2.54
May 2024Ineos USA22084840$80.02$2.12
Apr 2024Ineos USA4023230$85.35$1.60
Mar 2024Ineos USA3201461460$81.28$1.49
Feb 2024Ineos USA411712032030$77.25$1.72
Jan 2024Ineos USA3441931930$74.15$3.18
Dec 2023Ineos USA3902612610$71.90$2.52
Nov 2023Ineos USA2712662660$77.69$2.71
Oct 2023Ineos USA4312332330$85.64$2.98
Sep 2023Ineos USA371822552550$89.43$2.64
Aug 2023Ineos USA3801861860$81.39$2.58

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

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This lease belongs to

OperatorRedbud E & P, Inc.FieldGiddings (Austin Chalk-3)CountyFayette County

Redbud E & P, Inc. in Fayette County

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