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Texas oil lease

Producing

NEW HOPE DEEP UNIT

New Hope Deep Unit is an oil lease in Franklin County, Texas, operated by J.p. Oil Company, Inc. in the New Hope (Cotton Valley) field.

1 well

587bbl oil, last 12 months−3% vs prior year
Operator
J.p. Oil Company, Inc.
County
Franklin County
Field
New Hope (Cotton Valley)
RRC lease
06-14497

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Where it sits

This county

Franklin CountyFranklinWoodMorrisHopkinsDeltaRed RiverLamarTitusCampRainsFranklin County
Franklin County
Gas, last 12 months
6,051 mcf
Oil in Jun 2026
44 bbl

Production by month

Oil output held steady over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for NEW HOPE DEEP UNIT, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 582 bbl in the 12 months through Jul 2026, against 597 bbl in the 12 months before.Last 12 months: 582 bblbbl per monthmcf per month002525050500757501001,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for NEW HOPE DEEP UNIT, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 582 bbl in the 12 months through Jul 2026, against 597 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002525050500757501001,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

67% of the gas went to a processing plant in the last 12 months

Flaring peaked at 78.0% of the gas in Jan 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
67% of the gas went to a processing plant in the last 12 monthsShare of NEW HOPE DEEP UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 67% of the gas went to a processing plant in the last 12 months. Flaring peaked at 78.0% of the gas in Jan 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 78.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
67% of the gas went to a processing plant in the last 12 monthsShare of NEW HOPE DEEP UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 67% of the gas went to a processing plant in the last 12 months. Flaring peaked at 78.0% of the gas in Jan 2025.Share of gas by disposition code0%50%100%Flared 78.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    67% · 4,063 mcf

  • Lease fuel (1)

    22% · 1,345 mcf

  • Flared (4)

    11% · 643 mcf

10.6% of the gas flared in the last 12 months. 26 months above 3%.

Who has run this lease

The operator changed once, most recently in Nov 2023

Operators of this lease over timeXTO Energy Inc., Jan 2020 to Oct 2023; J.p. Oil Company, Inc., Nov 2023 to Jun 20262020202120222023202420252026Changed Nov 2023XTO Energy Inc.Jan 2020 to Oct 2023J.p. Oil Company, Inc.Nov 2023 to now
Operators of this lease over timeXTO Energy Inc., Jan 2020 to Oct 2023; J.p. Oil Company, Inc., Nov 2023 to Jun 20262020202120222023202420252026Changed Nov 2023XTO Energy Inc.Jan 2020 to Oct 2023J.p. Oil Company, Inc.Nov 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on NEW HOPE DEEP UNIT
API numberWell no.Status
42-159-30527704 DActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers100Jan 1, 2023–
Sulphur River Gathering LLCCasinghead gasBuys100Nov 1, 2023–
Sulphur River Gathering LLCCasinghead gasGathers100Nov 1, 2023–
Sulphur River Gathering LLCCasinghead gasGathers100Feb 1, 2020Nov 1, 2023
Sulphur River Gathering LLCCasinghead gasBuys100Feb 1, 2020Nov 1, 2023
Eastex Crude CompanyOilGathers100Dec 1, 2012Jan 1, 2023
Midcoast Pipelines (E Tx) L.p.Casinghead gasGathers100Feb 1, 2019Feb 1, 2020
Enbridge Pipelines (E. Tx) L.p.Casinghead gasBuys100Mar 1, 2008Feb 1, 2020
Enbridge Pipelines (E. Tx) L.p.Casinghead gasGathers100Mar 1, 2008Feb 1, 2019

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

Who buys my oilOil price check

6,131.80 acres on the newest permit

Check your decimal on this lease
Permits for New Hope Deep Unit
API numberWell no.Acreson the permit
42-159-30527704 D6,131.80
42-159-3052774 D6,131.80

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for NEW HOPE DEEP UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026J.p. Oil443571651878$84.81$3.15
May 2026J.p. Oil9310297665771$102.13$2.94
Apr 2026J.p. Oil937374949966$100.32$2.77
Mar 2026J.p. Oil747376350665$91.38$3.04
Feb 2026J.p. Oil638527416885$64.51$3.62
Jan 2026J.p. Oil33029419816$60.04$7.72
Dec 2025J.p. Oil41734082951$57.97$4.26
Nov 2025J.p. Oil70716454592$60.06$3.79
Oct 2025J.p. Oil1402321802$60.89$3.19
Sep 2025J.p. Oil3235421216133$63.96$2.97
Aug 2025J.p. Oil253535723847$64.86$2.91
Jul 2025J.p. Oil5021612977$68.39$3.20
Jun 2025J.p. Oil10244102132$68.17$3.02
May 2025J.p. Oil6091867$62.17$3.12
Apr 2025J.p. Oil533450330479$63.54$3.42
Mar 2025J.p. Oil9510661734275$68.24$4.12
Feb 2025J.p. Oil827257635256$71.53$4.19
Jan 2025J.p. Oil0091471$75.74$4.13
Dec 2024J.p. Oil666752630965$70.12$3.01
Nov 2024J.p. Oil6510256034348$69.95$2.12
Oct 2024J.p. Oil837059735047$71.99$2.20
Sep 2024J.p. Oil6273483228119$70.24$2.28
Aug 2024J.p. Oil796957729483$76.68$1.99
Jul 2024J.p. Oil847154527958$81.80$2.07
Jun 2024J.p. Oil543344821383$79.77$2.54
May 2024J.p. Oil58825032960$80.02$2.12
Apr 2024J.p. Oil36243112150$85.35$1.60
Mar 2024J.p. Oil31425053021$81.28$1.49
Feb 2024J.p. Oil50323772178$77.25$1.72
Jan 2024J.p. Oil141622815014$74.15$3.18
Dec 2023J.p. Oil0030116410$71.90$2.52
Nov 2023J.p. Oil001159511$77.69$2.71
Oct 2023XTO Energy001497250$85.64$2.98
Sep 2023XTO Energy00000$89.43$2.64
Aug 2023XTO Energy00000$81.39$2.58

No report filed 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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This lease belongs to

OperatorJ.p. Oil Company, Inc.FieldNew Hope (Cotton Valley)CountyFranklin County

J.p. Oil Company, Inc. in Franklin County

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New Hope (Cotton Valley) field

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