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Texas oil lease

Producing

PENNY

Penny is an oil lease in Upton County, Texas, operated by Summit Petroleum LLC in the Spraberry (Trend Area) field.

4 wells

1,614bbl oil, last 12 months−46% vs prior year
Operator
Summit Petroleum LLC
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-18479

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
36,469 mcf
Oil in Jul 2026
104 bbl

Production by month

Oil output fell 46% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 46% over the last 12 monthsMonthly oil production and gas for PENNY, Aug 2023 to Jul 2026. Oil output fell 46% over the last 12 months. 1,614 bbl in the 12 months through Jul 2026, against 3,015 bbl in the 12 months before.Last 12 months: 1,614 bblbbl per monthmcf per month001001,0002002,0003003,0004004,0005005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 46% over the last 12 monthsMonthly oil production and gas for PENNY, Aug 2023 to Jul 2026. Oil output fell 46% over the last 12 months. 1,614 bbl in the 12 months through Jul 2026, against 3,015 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001001,0002002,0003003,0004004,0005005,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

Flaring peaked at 49.7% of the gas in May 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since May 2024 the lease's gas goes to a transmission line instead of a processing plantShare of PENNY gas by disposition code each month, Aug 2023 to Jul 2026. Since May 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 49.7% of the gas in May 2025.Share of the lease’s gas by disposition code, per month0%50%100%May 2024: plant to lineFlared 49.7%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since May 2024 the lease's gas goes to a transmission line instead of a processing plantShare of PENNY gas by disposition code each month, Aug 2023 to Jul 2026. Since May 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 49.7% of the gas in May 2025.Share of gas by disposition code0%50%100%May 24: plant to lineFlared 49.7%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    92% · 33,525 mcf

  • Lease fuel (1)

    8.0% · 2,930 mcf

  • Flared (4)

    0.0% · 14 mcf

4 wells on this lease

Wells on PENNY
API numberWell no.Status
42-461-391531110Active
42-461-391541102Active
42-461-391841106Active
42-461-391851114Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Enlink Crude Purchasing LLCOilGathers66Mar 1, 2018
Plains Marketing, L.p.OilGathers34Mar 1, 2015
Targa Midstream Services LLCCasinghead gasBuys100Mar 19, 2014
Targa Midstream Services LLCCasinghead gasGathers100Mar 19, 2014

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

Who buys my oilOil price check

161 acres on the newest permit

Permits for Penny
API numberWell no.Acreson the permit
42-461-391841106161
42-461-391851114161
42-461-391531110161
42-461-391541102161

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

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36 months, newest first

Ledger for PENNY
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261043882,8872,8870$80.46$2.89
Jun 202612802,4962,4960$84.81$3.15
May 202614502,8692,8690$102.13$2.94
Apr 20261173762,7352,7350$100.32$2.77
Mar 202614203,3302,8310$91.38$3.04
Feb 20261373433,0292,5780$64.51$3.62
Jan 202616403,3312,8320$60.04$7.72
Dec 202517003,3822,8830$57.97$4.26
Nov 20251174003,3322,8490$60.06$3.79
Oct 202514103,4402,9410$60.89$3.19
Sep 202512702,7712,7710$63.96$2.97
Aug 20251222952,8672,85314$64.86$2.91
Jul 20252352913,5393,5390$68.39$3.20
Jun 202524003,7103,7100$68.17$3.02
May 20252213433,4501,7351,715$62.17$3.12
Apr 20252353223,4343,34193$63.54$3.42
Mar 20252722753,6963,6860$68.24$4.12
Feb 20252072653,2263,2150$71.53$4.19
Jan 20252703613,6403,6260$75.74$4.13
Dec 202425903,7183,7050$70.12$3.01
Nov 20242513633,4643,41241$69.95$2.12
Oct 20242453563,7593,7490$71.99$2.20
Sep 202429203,9943,9940$70.24$2.28
Aug 20242883024,4384,4380$76.68$1.99
Jul 20243103884,3584,3580$81.80$2.07
Jun 20242953534,3324,3320$79.77$2.54
May 20243053814,4154,4150$80.02$2.12
Apr 20243363834,1494,1390$85.35$1.60
Mar 202429304,3274,3200$81.28$1.49
Feb 20243423874,1524,1410$77.25$1.72
Jan 20243423834,1994,1900$74.15$3.18
Dec 20233804254,1864,1750$71.90$2.52
Nov 20233383914,0053,9960$77.69$2.71
Oct 20232323993,8173,8130$85.64$2.98
Sep 202322803,8273,8270$89.43$2.64
Aug 20232353824,0684,04820$81.39$2.58

Flared above 3%

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

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Nearby

This lease belongs to

OperatorSummit Petroleum LLCFieldSpraberry (Trend Area)CountyUpton County

Summit Petroleum LLC in Upton County

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Spraberry (Trend Area) field

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