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Texas oil lease

Producing

NECHES OU 23

Neches Ou 23 is an oil lease in Cherokee County, Texas, operated by Peles, LLC in the Neches (Woodbine) field.

1 well

3,021bbl oil, last 12 months+44% vs prior year
Operator
Peles, LLC
RRC lease
06-01097

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Where it sits

This county

Cherokee CountyCherokeeAndersonNacogdochesSmithRuskHendersonCherokee County
Cherokee County
Gas, last 12 months
4,303 mcf
Oil in Jul 2026
201 bbl

Production by month

Oil output rose 44% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 44% over the last 12 monthsMonthly oil production and gas for NECHES OU 23, Aug 2023 to Jul 2026. Oil output rose 44% over the last 12 months. 3,021 bbl in the 12 months through Jul 2026, against 2,096 bbl in the 12 months before.Last 12 months: 3,021 bblbbl per monthmcf per month00100100200200300300400400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 44% over the last 12 monthsMonthly oil production and gas for NECHES OU 23, Aug 2023 to Jul 2026. Oil output rose 44% over the last 12 months. 3,021 bbl in the 12 months through Jul 2026, against 2,096 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00100100200200300300400400Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

96% of the gas went to a transmission line in the last 12 months

  • Transmission line (2)
  • Lease fuel (1)
96% of the gas went to a transmission line in the last 12 monthsShare of NECHES OU 23 gas by disposition code each month, Aug 2023 to Jul 2026. 96% 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
96% of the gas went to a transmission line in the last 12 monthsShare of NECHES OU 23 gas by disposition code each month, Aug 2023 to Jul 2026. 96% 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.

  • Transmission line (2)

    96% · 4,124 mcf

  • Lease fuel (1)

    4.2% · 179 mcf

1 well on this lease

Wells on NECHES OU 23
API numberWell no.Status
42-073-007831Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dk Trading & Supply, LLCOilGathers100Jan 1, 2025–
Magnolia Gas Gathering, LLCCasinghead gasGathers100Jul 31, 2019Jan 1, 2025
Magnolia Gas Gathering, LLCCasinghead gasBuys100Jul 31, 2019Jan 1, 2025
Lion Oil Trading & Trans, LLCOilGathers100Jul 31, 2019Jan 1, 2025
Breitburn Operating L.p.Casinghead gasGathers50Aug 1, 2016Jul 31, 2019
Orion Pipeline, LLCCasinghead gasGathers50Aug 1, 2016Jul 31, 2019
Breitburn Operating L.p.Casinghead gasBuys50Aug 1, 2016Jul 31, 2019

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

What the drilling permits say

  • Good to know

    The state has no unit acreage for this lease

    Ask the operator for the acreage on your well's division order and unit plat.

Check your decimal on this lease
Permits for Neches Ou 23
API numberWell no.Acreson the permit
42-073-007831–

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

Estimate your royalty

36 months, newest first

Ledger for NECHES OU 23
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262011943693550$80.46$2.89
Jun 20262162323483330$84.81$3.15
May 20262322213683530$102.13$2.94
Apr 20262292343523380$100.32$2.77
Mar 20262612593373220$91.38$3.04
Feb 20262382433002870$64.51$3.62
Jan 20262662523663510$60.04$7.72
Dec 20252782863593440$57.97$4.26
Nov 20252782683793680$60.06$3.79
Oct 20252662723903720$60.89$3.19
Sep 20252752733533370$63.96$2.97
Aug 20252812813823640$64.86$2.91
Jul 20252552633733550$68.39$3.20
Jun 20252562372731680$68.17$3.02
May 20252562752272130$62.17$3.12
Apr 20252512563803580$63.54$3.42
Mar 20252732653743370$68.24$4.12
Feb 20252502553283030$71.53$4.19
Jan 20252262092332200$75.74$4.13
Dec 20241541721731610$70.12$3.01
Nov 20241731491831680$69.95$2.12
Oct 202420000$71.99$2.20
Sep 202400000$70.24$2.28
Aug 202400000$76.68$1.99
Jul 202400000$81.80$2.07
Jun 2024826000$79.77$2.54
May 20242602822112000$80.02$2.12
Apr 20242592232962800$85.35$1.60
Mar 20241281271181120$81.28$1.49
Feb 2024908657540$77.25$1.72
Jan 2024454149460$74.15$3.18
Dec 20231141390$71.90$2.52
Nov 202300000$77.69$2.71
Oct 202300000$85.64$2.98
Sep 202300000$89.43$2.64
Aug 202300000$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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