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Texas oil lease

Shut in

PETERS-3-

Peters-3- is an oil lease in Martin County, Texas, operated by XTO Energy Inc. in the Spraberry (Trend Area) field.

7 wells

235bbl oil, last 12 months−90% vs prior year
RRC lease
08-25736

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
1,432 mcf
Oil in Jul 2026
0 bbl

Checks stopped on this lease?

  • Sales

    No sales reported for the last 3 months of state data (through Jul 2026).

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Oil output fell 90% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 90% over the last 12 monthsMonthly oil production and gas for PETERS-3-, Aug 2023 to Jul 2026. Oil output fell 90% over the last 12 months. 235 bbl in the 12 months through Jul 2026, against 2,273 bbl in the 12 months before.Last 12 months: 235 bblbbl per monthmcf per month002002504005006007508001,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 90% over the last 12 monthsMonthly oil production and gas for PETERS-3-, Aug 2023 to Jul 2026. Oil output fell 90% over the last 12 months. 235 bbl in the 12 months through Jul 2026, against 2,273 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002002504005006007508001,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Feb 2026 the lease's gas goes to lease fuel instead of a processing plant

Flaring peaked at 32.0% of the gas in Oct 2023.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Feb 2026 the lease's gas goes to lease fuel instead of a processing plantShare of PETERS-3- gas by disposition code each month, Aug 2023 to Jul 2026. Since Feb 2026 the lease's gas goes to lease fuel instead of a processing plant. Flaring peaked at 32.0% of the gas in Oct 2023.Share of the lease’s gas by disposition code, per month0%50%100%Feb 2026: plant to fuelFlared 32.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Feb 2026 the lease's gas goes to lease fuel instead of a processing plantShare of PETERS-3- gas by disposition code each month, Aug 2023 to Jul 2026. Since Feb 2026 the lease's gas goes to lease fuel instead of a processing plant. Flaring peaked at 32.0% of the gas in Oct 2023.Share of gas by disposition code0%50%100%Feb 26: plant to fuelFlared 32.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    75% · 2,758 mcf

  • Lease fuel (1)

    25% · 901 mcf

7 wells on this lease

Wells on PETERS-3-
API numberWell no.Status
42-317-320821Shut-in
42-317-320832Active
42-317-355043Shut-in
42-317-365434Shut-in
42-317-366345Active
42-317-366766Active
42-317-367359Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers100Jul 24, 2024–
Energy Transfer CompanyCasinghead gasBuys100Jul 24, 2024–
Energy Transfer CompanyCasinghead gasGathers100Jul 24, 2024–
Wtg Gas Processing, L.p.Casinghead gasGathers100Nov 1, 2021Jul 24, 2024
Wtg Gas Processing, L.p.Casinghead gasBuys100Nov 1, 2021Jul 24, 2024
Rio Energy International, Inc.OilGathers100Nov 1, 2021Jul 24, 2024
Gibson Energy Marketing, LLCOilGathers100Jun 1, 2017Nov 1, 2021

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

320 acres on the newest permit

  • Good to know

    7 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 Peters-3-
API numberWell no.Acreson the permit
42-317-367359320
42-317-366766320
42-317-366345320
42-317-365434320
42-317-355043320
42-317-320821320
42-317-320832320

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

Estimate your royalty

36 months, newest first

Ledger for PETERS-3-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202600000$80.46$2.89
Jun 202600000$84.81$3.15
May 202600000$102.13$2.94
Apr 202603000$100.32$2.77
Mar 202600000$91.38$3.04
Feb 202600400$64.51$3.62
Jan 202603000$60.04$7.72
Dec 202501891460$57.97$4.26
Nov 202524911411020$60.06$3.79
Oct 202550100900$60.89$3.19
Sep 20251441025874440$63.96$2.97
Aug 202562745093970$64.86$2.91
Jul 20251061034653520$68.39$3.20
Jun 2025114982301750$68.17$3.02
May 202576993102350$62.17$3.12
Apr 20251572434253130$63.54$3.42
Mar 20253773684183130$68.24$4.12
Feb 20254714643792910$71.53$4.19
Jan 20252211545163910$75.74$4.13
Dec 20244313986654920$70.12$3.01
Nov 20242122172960$69.95$2.12
Oct 202423602981920$71.99$2.20
Sep 20241141197115410$70.24$2.28
Aug 20241621898736690$76.68$1.99
Jul 20243184925804010$81.80$2.07
Jun 202416604101990$79.77$2.54
May 20241121013332200$80.02$2.12
Apr 20242442635663600$85.35$1.60
Mar 20243703707175280$81.28$1.49
Feb 20244494165883580$77.25$1.72
Jan 202432246929310447$74.15$3.18
Dec 2023739726720386117$71.90$2.52
Nov 20232681812327348$77.69$2.71
Oct 20232971671755356$85.64$2.98
Sep 202300000$89.43$2.64
Aug 202300000$81.39$2.58

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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Nearby

XTO Energy Inc. in Martin County

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Spraberry (Trend Area) field

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Drilling permits within 10 km