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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 (Hill Sand) field.

1 well

4,508bbl oil, last 12 months−23% vs prior year
Operator
J.p. Oil Company, Inc.
County
Franklin County
Field
New Hope (Hill Sand)
RRC lease
06-01129

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Where it sits

This county

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

Production by month

Oil output fell 23% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 23% over the last 12 monthsMonthly oil production and gas for NEW HOPE UNIT, Aug 2023 to Jul 2026. Oil output fell 23% over the last 12 months. 4,044 bbl in the 12 months through Jul 2026, against 5,235 bbl in the 12 months before.Last 12 months: 4,044 bblbbl per monthmcf per month00200100400200600300800400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 23% over the last 12 monthsMonthly oil production and gas for NEW HOPE UNIT, Aug 2023 to Jul 2026. Oil output fell 23% over the last 12 months. 4,044 bbl in the 12 months through Jul 2026, against 5,235 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00200100400200600300800400Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

98% of the gas went to a transmission line in the 3 months reported

  • Transmission line (2)
  • Flared (4)
98% of the gas went to a transmission line in the 3 months reportedShare of NEW HOPE UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a transmission line in the 3 months reported.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
98% of the gas went to a transmission line in the 3 months reportedShare of NEW HOPE UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a transmission line in the 3 months reported.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    98% · 894 mcf

  • Flared (4)

    2.0% · 18 mcf

2.0% of the gas flared in the 3 months reported. No month 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 UNIT
API numberWell no.Status
42-159-0051491 TActive

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

Permits for New Hope Unit
API numberWell no.Acreson the permit
42-159-0052121T5,113.31
42-159-0051491 C–
42-159-0051491 T–
42-159-8003721 C–
42-159-8003892 C–
42-159-80039101 T–

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. Oil646668000$84.81$3.15
May 2026J.p. Oil604651000$102.13$2.94
Apr 2026J.p. Oil745694000$100.32$2.77
Mar 2026J.p. Oil717587000$91.38$3.04
Feb 2026J.p. Oil89000$64.51$3.62
Jan 2026J.p. Oil79000$60.04$7.72
Dec 2025J.p. Oil919000$57.97$4.26
Nov 2025J.p. Oil66113000$60.06$3.79
Oct 2025J.p. Oil402413000$60.89$3.19
Sep 2025J.p. Oil408395000$63.96$2.97
Aug 2025J.p. Oil432430000$64.86$2.91
Jul 2025J.p. Oil464458000$68.39$3.20
Jun 2025J.p. Oil391343000$68.17$3.02
May 2025J.p. Oil020000$62.17$3.12
Apr 2025J.p. Oil140177000$63.54$3.42
Mar 2025J.p. Oil505510000$68.24$4.12
Feb 2025J.p. Oil527510000$71.53$4.19
Jan 2025J.p. Oil524539000$75.74$4.13
Dec 2024J.p. Oil583594000$70.12$3.01
Nov 2024J.p. Oil536545000$69.95$2.12
Oct 2024J.p. Oil504459000$71.99$2.20
Sep 2024J.p. Oil551569000$70.24$2.28
Aug 2024J.p. Oil510540000$76.68$1.99
Jul 2024J.p. Oil289305000$81.80$2.07
Jun 2024J.p. Oil327311000$79.77$2.54
May 2024J.p. Oil383410000$80.02$2.12
Apr 2024J.p. Oil452369000$85.35$1.60
Mar 2024J.p. Oil420471000$81.28$1.49
Feb 2024J.p. Oil469438000$77.25$1.72
Jan 2024J.p. Oil364389000$74.15$3.18
Dec 2023J.p. Oil607581000$71.90$2.52
Nov 2023J.p. Oil678718000$77.69$2.71
Oct 2023XTO Energy5935732442395$85.64$2.98
Sep 2023XTO Energy5185242862833$89.43$2.64
Aug 2023XTO Energy62159938237210$81.39$2.58

No report filed

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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This lease belongs to

OperatorJ.p. Oil Company, Inc.FieldNew Hope (Hill Sand)CountyFranklin County

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

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New Hope (Hill Sand) field

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