Texas oil lease

Producing

PHELAN, BONITA

Name: PHELAN, BONITA monthly oil and gas production, Mitchell County, Texas
Creator: Texas Railroad Commission

Phelan, Bonita is an oil lease in Mitchell County, Texas, operated by M2 Squared Operating, LLC in the Westbrook field.

13 wells

397bbl oil, last 12 months−15% vs prior year

Operator: M2 Squared Operating, LLC
County: Mitchell County
Field: Westbrook
RRC lease: 08-24946

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Where it sits

This county

Mitchell County

Oil in Jul 2026: 4 bbl
Reporting since: Jan 2020

Production by month

Oil output fell 15% over the last 12 months

Oil (bars)
Last 12 months

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

Who has run this lease

The operator changed once, most recently in Jun 2020

M2 Squared Operating, LLC Jun 2020 to now
Schlachter Operating Corporation Jan 2020 to May 2020

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

13 wells on this lease

Wells on PHELAN, BONITA
API number	Well no.	Status
42-335-31255	6	Active
42-335-31278	7	Active
42-335-31323	8	Active
42-335-31479	10	Active
42-335-31480	9	Active
42-335-32063	13	Active
42-335-32064	12	Active
42-335-32065	11	Active
42-335-32390	14	Active
42-335-32791	16	Active
42-335-32792	15	Active
42-335-32794	20	Active
42-335-32795	19	Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
Company	Product	Role	Share%	From	Until
Bml, Inc. B	Oil	Gathers	34	Nov 1, 2020	–
Ace Gathering, Inc.	Oil	Gathers	33	Nov 1, 2020	–
Energy Transfer Marketing & Term	Oil	Gathers	33	Dec 1, 2022	–
Sunoco Ptnrs. Mktg.&terminals LP	Oil	Gathers	33	Nov 1, 2020	Dec 1, 2022
Sunoco Ptnrs. Mktg.&terminals LP	Oil	Gathers	100	Jun 19, 2020	Nov 1, 2020
Ace Gathering, Inc.	Oil	Gathers	30	Apr 1, 2020	Jun 19, 2020
Sunoco Ptnrs. Mktg.&terminals LP	Oil	Gathers	30	Apr 1, 2020	Jun 19, 2020
Transoil Marketing, LLC	Oil	Gathers	40	Apr 1, 2020	Jun 19, 2020
Sunoco Ptnrs. Mktg.&terminals LP	Oil	Gathers	100	Oct 1, 2012	Apr 1, 2020

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

Who buys my oil Oil price check

360 acres on the newest permit

Good to know
The wells on this lease state different acreage
The permits state between 360 and 382 acres. Use the acres from your own division order for the well you are paid on.
Good to know
13 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 Phelan, Bonita
API number	Well no.	Permit issued	Completed	Acreson the permit	Type
42-335-32791	16	Jul 30, 1984	Dec 20, 1984	360	Vertical
42-335-32794	20	Jul 30, 1984	Jan 12, 1985	360	Vertical
42-335-32795	19	Jul 30, 1984	Nov 29, 1984	360	Vertical
42-335-32792	15	Jun 28, 1984	Dec 1, 1984	360	Vertical
42-335-32390	14	Sep 24, 1982	Dec 16, 1982	360	Vertical
42-335-32063	13	Jul 14, 1981	Feb 20, 1982	360	Vertical
42-335-32064	12	Jul 14, 1981	Jan 30, 1982	381	Vertical
42-335-32065	11	Jul 14, 1981	Jan 23, 1982	381	Vertical
42-335-31479	10	May 23, 1979	Oct 9, 1979	381	Vertical
42-335-31480	9	May 23, 1979	Oct 18, 1979	381	Vertical
42-335-31323	8	May 12, 1978	May 26, 1978	381	Vertical
42-335-31278	7	Feb 6, 1978	Mar 5, 1978	382	Vertical

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

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36 months, newest first

Ledger for PHELAN, BONITA
Month	Operator	Oil producedbbl	Oil soldbbl	WTI$/bbl	Henry Hub$/MMBtu
Jul 2026M2 Squared	M2 Squared Operating, LLC	4	0	$80.46	$2.89
Jun 2026M2 Squared	M2 Squared Operating, LLC	40	22	$84.81	$3.15
May 2026M2 Squared	M2 Squared Operating, LLC	175	78	$102.13	$2.94
Apr 2026M2 Squared	M2 Squared Operating, LLC	175	217	$100.32	$2.77
Mar 2026M2 Squared	M2 Squared Operating, LLC	3	143	$91.38	$3.04
Feb 2026M2 Squared	M2 Squared Operating, LLC	0	0	$64.51	$3.62
Jan 2026M2 Squared	M2 Squared Operating, LLC	0	0	$60.04	$7.72
Dec 2025M2 Squared	M2 Squared Operating, LLC	0	0	$57.97	$4.26
Nov 2025M2 Squared	M2 Squared Operating, LLC	0	0	$60.06	$3.79
Oct 2025M2 Squared	M2 Squared Operating, LLC	0	0	$60.89	$3.19
Sep 2025M2 Squared	M2 Squared Operating, LLC	0	0	$63.96	$2.97
Aug 2025M2 Squared	M2 Squared Operating, LLC	0	153	$64.86	$2.91
Jul 2025M2 Squared	M2 Squared Operating, LLC	0	0	$68.39	$3.20
Jun 2025M2 Squared	M2 Squared Operating, LLC	0	0	$68.17	$3.02
May 2025M2 Squared	M2 Squared Operating, LLC	0	0	$62.17	$3.12
Apr 2025M2 Squared	M2 Squared Operating, LLC	0	0	$63.54	$3.42
Mar 2025M2 Squared	M2 Squared Operating, LLC	0	0	$68.24	$4.12
Feb 2025M2 Squared	M2 Squared Operating, LLC	81	0	$71.53	$4.19
Jan 2025M2 Squared	M2 Squared Operating, LLC	75	0	$75.74	$4.13
Dec 2024M2 Squared	M2 Squared Operating, LLC	75	0	$70.12	$3.01
Nov 2024M2 Squared	M2 Squared Operating, LLC	70	0	$69.95	$2.12
Oct 2024M2 Squared	M2 Squared Operating, LLC	32	0	$71.99	$2.20
Sep 2024M2 Squared	M2 Squared Operating, LLC	12	0	$70.24	$2.28
Aug 2024M2 Squared	M2 Squared Operating, LLC	121	141	$76.68	$1.99
Jul 2024M2 Squared	M2 Squared Operating, LLC	25	137	$81.80	$2.07
Jun 2024M2 Squared	M2 Squared Operating, LLC	0	0	$79.77	$2.54
May 2024M2 Squared	M2 Squared Operating, LLC	0	0	$80.02	$2.12
Apr 2024M2 Squared	M2 Squared Operating, LLC	73	0	$85.35	$1.60
Mar 2024M2 Squared	M2 Squared Operating, LLC	71	136	$81.28	$1.49
Feb 2024M2 Squared	M2 Squared Operating, LLC	87	144	$77.25	$1.72
Jan 2024M2 Squared	M2 Squared Operating, LLC	91	0	$74.15	$3.18
Dec 2023M2 Squared	M2 Squared Operating, LLC	88	66	$71.90	$2.52
Nov 2023M2 Squared	M2 Squared Operating, LLC	105	154	$77.69	$2.71
Oct 2023M2 Squared	M2 Squared Operating, LLC	72	0	$85.64	$2.98
Sep 2023M2 Squared	M2 Squared Operating, LLC	98	91	$89.43	$2.64
Aug 2023M2 Squared	M2 Squared Operating, LLC	96	235	$81.39	$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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