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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 (Bacon Lime) field.

16 wells

6,796bbl oil, last 12 months−14% vs prior year
Operator
J.p. Oil Company, Inc.
County
Franklin County
Field
New Hope (Bacon Lime)
RRC lease
06-01126

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Where it sits

This county

Franklin CountyFranklinWoodMorrisHopkinsDeltaRed RiverLamarTitusCampRainsFranklin County
Franklin County
Oil in Jun 2026
576 bbl
Reporting since
Jan 2020

Production by month

Oil output fell 14% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for NEW HOPE UNIT, Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 6,076 bbl in the 12 months through Jul 2026, against 7,052 bbl in the 12 months before.Last 12 months: 6,076 bblbbl per monthmcf per month002502550050750751,000100Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for NEW HOPE UNIT, Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 6,076 bbl in the 12 months through Jul 2026, against 7,052 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002502550050750751,000100Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Mar 2024 the lease's gas goes to a processing plant instead of a transmission line

Flaring peaked at 94.1% of the gas in Sep 2024.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Mar 2024 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 Mar 2024 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 94.1% of the gas in Sep 2024.Share of the lease’s gas by disposition code, per month0%50%100%Mar 2024: line to plantFlared 94.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Mar 2024 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 Mar 2024 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 94.1% of the gas in Sep 2024.Share of gas by disposition code0%50%100%Mar 24: line to plantFlared 94.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    89% · 481 mcf

  • Flared (4)

    11% · 60 mcf

11.1% of the gas flared in the last 12 months. 8 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.

16 wells on this lease

Wells on NEW HOPE UNIT
API numberWell no.Status
42-159-00484311Active
42-159-00490252WActive
42-159-00493281WActive
42-159-00496301Active
42-159-00510351WActive
42-159-00512172Active
42-159-0052121Active
42-159-00522211Active
42-159-00528191Active
42-159-00549681Active
42-159-0055041Active
42-159-00552621Shut-in
42-159-0055551Active
42-159-304837004Shut-in
42-159-80029102Active
42-159-80032212Active

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

A pooling certificate was filed

The wells on this lease state different acreage

The permits state between 2,544 and 5,113.31 acres.

30 wells are listed on this lease

Permits for New Hope Unit
API numberWell no.Acreson the permit
42-159-005496815,113.31
42-159-3048370045,113.30
42-159-00521215,113.31
42-159-0054511025,113.31
42-159-005266615,113.31
42-159-005536415,113.31
42-159-005222115,113
42-159-005301625,113
42-159-00550412,544
42-159-00484311–
42-159-00490252W–
42-159-00493281W–

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

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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. Oil576528000$84.81$3.15
May 2026J.p. Oil402453000$102.13$2.94
Apr 2026J.p. Oil520490000$100.32$2.77
Mar 2026J.p. Oil512502000$91.38$3.04
Feb 2026J.p. Oil572577000$64.51$3.62
Jan 2026J.p. Oil510486000$60.04$7.72
Dec 2025J.p. Oil553568000$57.97$4.26
Nov 2025J.p. Oil638762000$60.06$3.79
Oct 2025J.p. Oil491414000$60.89$3.19
Sep 2025J.p. Oil716699000$63.96$2.97
Aug 2025J.p. Oil586569000$64.86$2.91
Jul 2025J.p. Oil720701000$68.39$3.20
Jun 2025J.p. Oil660672000$68.17$3.02
May 2025J.p. Oil588578000$62.17$3.12
Apr 2025J.p. Oil606586000$63.54$3.42
Mar 2025J.p. Oil551581440$68.24$4.12
Feb 2025J.p. Oil71172520191$71.53$4.19
Jan 2025J.p. Oil61662143394$75.74$4.13
Dec 2024J.p. Oil81083652511$70.12$3.01
Nov 2024J.p. Oil75675752502$69.95$2.12
Oct 2024J.p. Oil70757154531$71.99$2.20
Sep 2024J.p. Oil15616417116$70.24$2.28
Aug 2024J.p. Oil17118549418$76.68$1.99
Jul 2024J.p. Oil12312343367$81.80$2.07
Jun 2024J.p. Oil121117715615$79.77$2.54
May 2024J.p. Oil13313878735$80.02$2.12
Apr 2024J.p. Oil13310958580$85.35$1.60
Mar 2024J.p. Oil15114538380$81.28$1.49
Feb 2024J.p. Oil013000$77.25$1.72
Jan 2024J.p. Oil7176000$74.15$3.18
Dec 2023J.p. Oil154152000$71.90$2.52
Nov 2023J.p. Oil169167000$77.69$2.71
Oct 2023XTO Energy11310947461$85.64$2.98
Sep 2023XTO Energy9810154540$89.43$2.64
Aug 2023XTO Energy13312882802$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 (Bacon Lime)CountyFranklin County

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

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New Hope (Bacon Lime) field

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