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Texas oil lease

Producing

RED LAKE

Red Lake is an oil lease in Loving County, Texas, operated by Atlantic Operating II, LLC in the Grice (Delaware) field.

6 wells

3,946bbl oil, last 12 months−26% vs prior year
Operator
Atlantic Operating II, LLC
County
Loving County
Field
Grice (Delaware)
RRC lease
08-37885

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Where it sits

This county

Loving CountyLovingWinklerWardLoving County
Loving County
Gas, last 12 months
6,769 mcf
Oil in Jul 2026
280 bbl

Production by month

Oil output fell 26% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for RED LAKE, Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 3,946 bbl in the 12 months through Jul 2026, against 5,349 bbl in the 12 months before.Last 12 months: 3,946 bblbbl per monthmcf per month002002504005006007508001,0001,0001,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for RED LAKE, Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 3,946 bbl in the 12 months through Jul 2026, against 5,349 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002002504005006007508001,0001,0001,250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

82% of the gas went to a transmission line in the last 12 months

Flaring peaked at 51.3% of the gas in Jun 2024.

  • Transmission line (2)
  • Flared (4)
82% of the gas went to a transmission line in the last 12 monthsShare of RED LAKE gas by disposition code each month, Aug 2023 to Jul 2026. 82% of the gas went to a transmission line in the last 12 months. Flaring peaked at 51.3% of the gas in Jun 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 51.3%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
82% of the gas went to a transmission line in the last 12 monthsShare of RED LAKE gas by disposition code each month, Aug 2023 to Jul 2026. 82% of the gas went to a transmission line in the last 12 months. Flaring peaked at 51.3% of the gas in Jun 2024.Share of gas by disposition code0%50%100%Flared 51.3%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    82% · 5,545 mcf

  • Flared (4)

    18% · 1,224 mcf

18.1% of the gas flared in the last 12 months. 34 months above 3%.

6 wells on this lease

Wells on RED LAKE
API numberWell no.Status
42-301-313371Active
42-301-313503Active
42-301-313732Shut-in
42-301-313804Active
42-301-313985Shut-in
42-301-314256Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers100May 1, 2020–
Delaware Basin Midstream LLCCasinghead gasBuys100Jan 1, 2024–
Delaware Basin Midstream LLCCasinghead gasGathers100Jan 1, 2024–
Delaware Basin Midstream, LLCCasinghead gasGathers100Mar 27, 2021Jan 1, 2024
Delaware Basin Midstream, LLCCasinghead gasBuys100Mar 27, 2021Jan 1, 2024
Crestwood Permian Basin LLCCasinghead gasGathers100Jun 30, 2019Mar 27, 2021
Crestwood Permian Basin LLCCasinghead gasBuys100Jun 30, 2019Mar 27, 2021
Rio Energy International, Inc.OilGathers100Jun 30, 2019May 1, 2020
Dcp Operating Company, LPCasinghead gasGathers100Jan 18, 2018Jun 30, 2019

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

Who buys my oilOil price check

320 acres on the newest permit

The wells on this lease state different acreage

The permits state between 320 and 640 acres.

Permits for Red Lake
API numberWell no.Acreson the permit
42-301-314256320
42-301-313985320
42-301-313804320
42-301-313732320
42-301-313503640
42-301-313371640

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

Unit decimal checker

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36 months, newest first

Ledger for RED LAKE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202628034455150447$80.46$2.89
Jun 202628017723118546$84.81$3.15
May 20262933462392381$102.13$2.94
Apr 202628035855248369$100.32$2.77
Mar 202629416860756641$91.38$3.04
Feb 20264253415665579$64.51$3.62
Jan 2026286522621472149$60.04$7.72
Dec 2025414344711412299$57.97$4.26
Nov 2025419514889642247$60.06$3.79
Oct 2025435174737570167$60.89$3.19
Sep 202514652433027555$63.96$2.97
Aug 202539434173564194$64.86$2.91
Jul 2025384334739574165$68.39$3.20
Jun 2025384520804603201$68.17$3.02
May 2025400340820577243$62.17$3.12
Apr 2025401347730460270$63.54$3.42
Mar 2025413357788629159$68.24$4.12
Feb 2025418525785611174$71.53$4.19
Jan 2025471351855605250$75.74$4.13
Dec 202456156190582877$70.12$3.01
Nov 2024471519912771141$69.95$2.12
Oct 202447853793888751$71.99$2.20
Sep 202447351896290854$70.24$2.28
Aug 20244953501,018644374$76.68$1.99
Jul 20244845151,228833395$81.80$2.07
Jun 2024457516926451475$79.77$2.54
May 2024507513974767207$80.02$2.12
Apr 202451350793283597$85.35$1.60
Mar 202450550069263854$81.28$1.49
Feb 202448352775166685$77.25$1.72
Jan 202450351482674680$74.15$3.18
Dec 202353255084777077$71.90$2.52
Nov 202355253882577550$77.69$2.71
Oct 2023533361857741116$85.64$2.98
Sep 2023685707817582235$89.43$2.64
Aug 2023319368886611275$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

This lease belongs to

OperatorAtlantic Operating II, LLCFieldGrice (Delaware)CountyLoving County

Atlantic Operating II, LLC in Loving County

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Grice (Delaware) field

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