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Texas oil lease

Producing

NEW HOPE UNIT

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

40 wells

23,045bbl oil, last 12 months−9% vs prior year
Operator
J.p. Oil Company, Inc.
County
Franklin County
Field
New Hope
RRC lease
06-01120

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Where it sits

This county

Franklin CountyFranklinWoodMorrisHopkinsDeltaRed RiverLamarTitusCampRainsFranklin County
Franklin County
Gas, last 12 months
5,216 mcf
Oil in Jun 2026
2,042 bbl

Production by month

Oil output fell 9% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 9% over the last 12 monthsMonthly oil production and gas for NEW HOPE UNIT, Aug 2023 to Jul 2026. Oil output fell 9% over the last 12 months. 21,006 bbl in the 12 months through Jul 2026, against 23,157 bbl in the 12 months before.Last 12 months: 21,006 bblbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,0002,5002,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 9% over the last 12 monthsMonthly oil production and gas for NEW HOPE UNIT, Aug 2023 to Jul 2026. Oil output fell 9% over the last 12 months. 21,006 bbl in the 12 months through Jul 2026, against 23,157 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,0002,5002,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Nov 2023 the lease's gas goes to a processing plant instead of a transmission line

Flaring peaked at 89.6% of the gas in Sep 2024.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Nov 2023 the lease's gas goes to a processing plant instead of a transmission lineShare of NEW HOPE UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 89.6% of the gas in Sep 2024.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2023: line to plantFlared 89.6%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2023 the lease's gas goes to a processing plant instead of a transmission lineShare of NEW HOPE UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 89.6% of the gas in Sep 2024.Share of gas by disposition code0%50%100%Nov 23: line to plantFlared 89.6%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    97% · 5,043 mcf

  • Flared (4)

    3.3% · 173 mcf

3.3% of the gas flared in the last 12 months. 18 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.

40 wells on this lease

Wells on NEW HOPE UNIT
API numberWell no.Status
42-159-00491181WActive
42-159-0050392Active
42-159-00508721Active
42-159-0051571Shut-in
42-159-0051681Shut-in
42-159-00517121Active
42-159-00518151Active
42-159-00519381WActive
42-159-00525232Active
42-159-00526661Active
42-159-00527662Active
42-159-00530162Active
42-159-00531131WActive
42-159-00533111Active
42-159-0053611Active
42-159-00542671Shut-in
42-159-00543672Active
42-159-00544673Active
42-159-00545112Active
42-159-00546221Active
42-159-00553641Active
42-159-00554101Active
42-159-00569652Shut-in
42-159-30240622Active
42-159-304226203Active
42-159-304767001Shut-in
42-159-304777003Active
42-159-30479663Active
42-159-304807002Active
42-159-30490263Active
42-159-30491283Active
42-159-30492122Active
42-159-304931604Active
42-159-304996902Active
42-159-8001431Active
42-159-80019231Active
42-159-80020241Active
42-159-80021261Active
42-159-80022331Active
42-159-80024651Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dk Trading & Supply, LLCOilGathers100Jan 1, 2024–
Eastex Crude Company, LLCOilGathers100Jan 1, 2023Jan 1, 2024
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

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

Who buys my oilOil price check

5,113.31 acres on the newest permit

  • Good to know

    A pooling certificate (P-12) was filed

    Your tract may share its production with neighbors in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

  • Good to know

    The wells on this lease state different acreage

    The permits state between 59.72 and 6,131.8 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    50 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 New Hope Unit
API numberWell no.Acreson the permit
42-159-005436725,113.31
42-159-302406225,113.31
42-159-0055157159.72
42-159-00531131W5,113.31
42-159-3042262036,131.80
42-159-3049969025,113.30
42-159-3049316045,113.30
42-159-80014315,113.30
42-159-304921225,113.30
42-159-005451125,113.31
42-159-304912835,113.30
42-159-304902635,113.30

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for NEW HOPE UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026J.p. Oil2,0421,9666406382$84.81$3.15
May 2026J.p. Oil1,6841,8276466460$102.13$2.94
Apr 2026J.p. Oil1,9221,84362661412$100.32$2.77
Mar 2026J.p. Oil1,9991,95161059020$91.38$3.04
Feb 2026J.p. Oil2,2142,2874764760$64.51$3.62
Jan 2026J.p. Oil2,0041,93452045268$60.04$7.72
Dec 2025J.p. Oil2,4372,3086576570$57.97$4.26
Nov 2025J.p. Oil1,8012,0052382380$60.06$3.79
Oct 2025J.p. Oil1,6801,5472192118$60.89$3.19
Sep 2025J.p. Oil1,7241,6681459352$63.96$2.97
Aug 2025J.p. Oil1,4991,5111501473$64.86$2.91
Jul 2025J.p. Oil2,0392,0212892818$68.39$3.20
Jun 2025J.p. Oil1,8211,83624317568$68.17$3.02
May 2025J.p. Oil1,6311,5941469155$62.17$3.12
Apr 2025J.p. Oil1,7031,69421515263$63.54$3.42
Mar 2025J.p. Oil1,8741,92527424133$68.24$4.12
Feb 2025J.p. Oil2,0972,09728926920$71.53$4.19
Jan 2025J.p. Oil1,9851,98823921623$75.74$4.13
Dec 2024J.p. Oil2,2172,2822882835$70.12$3.01
Nov 2024J.p. Oil2,0562,06828427113$69.95$2.12
Oct 2024J.p. Oil1,7241,5862532467$71.99$2.20
Sep 2024J.p. Oil2,1502,111961086$70.24$2.28
Aug 2024J.p. Oil1,8602,06520917633$76.68$1.99
Jul 2024J.p. Oil1,6581,59923219636$81.80$2.07
Jun 2024J.p. Oil1,7141,74039230983$79.77$2.54
May 2024J.p. Oil1,7761,95743040129$80.02$2.12
Apr 2024J.p. Oil2,0501,6993193172$85.35$1.60
Mar 2024J.p. Oil1,8482,0692562560$81.28$1.49
Feb 2024J.p. Oil1,5321,4511641586$77.25$1.72
Jan 2024J.p. Oil1,3851,3181371370$74.15$3.18
Dec 2023J.p. Oil1,6001,66159554$71.90$2.52
Nov 2023J.p. Oil1,7071,8793092960$77.69$2.71
Oct 2023XTO Energy2,1051,94186684917$85.64$2.98
Sep 2023XTO Energy1,7761,8119819729$89.43$2.64
Aug 2023XTO Energy2,3002,3551,4171,38037$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 HopeCountyFranklin County

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

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New Hope field

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