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Texas oil lease

Producing

RHODES "16"

Rhodes "16" is an oil lease in Martin County, Texas, operated by Midland Energy, Inc. in the Spraberry (Trend Area) field.

1 well

2,604bbl oil, last 12 months+28% vs prior year
Operator
Midland Energy, Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-39099

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Oil in Jul 2026
179 bbl
Reporting since
Jan 2020

Checks stopped on this lease?

  • Buyer

    Buyer changed: ENTERPRISE M B MIDSTREAM LLC replaced DCP OPERATING COMPANY, LP as the buyer of this lease's gas from oil wells on Aug 12, 2025.

  • Sales

    Sales over the last 3 months fell to 20% of the 9 months before.

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

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Production by month

Oil output rose 28% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 28% over the last 12 monthsMonthly oil production and gas for RHODES "16", Aug 2023 to Jul 2026. Oil output rose 28% over the last 12 months. 2,604 bbl in the 12 months through Jul 2026, against 2,032 bbl in the 12 months before.Last 12 months: 2,604 bblbbl per monthmcf per month0010050200100300150400200500250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 28% over the last 12 monthsMonthly oil production and gas for RHODES "16", Aug 2023 to Jul 2026. Oil output rose 28% over the last 12 months. 2,604 bbl in the 12 months through Jul 2026, against 2,032 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010050200100300150400200500250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a processing plant in the last 12 months

All of the gas went to a processing plant in the last 12 monthsShare of RHODES "16" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of RHODES "16" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on RHODES "16"
API numberWell no.Status
42-317-353681Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Shell Trading (Us) CompanyOilGathers100Aug 1, 2012–
Enterprise M B Midstream LLCCasinghead gasBuys100Aug 12, 2025–
Enterprise Products Operating LLCCasinghead gasGathers100Aug 12, 2025–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017Aug 12, 2025
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017Aug 12, 2025

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

Who buys my oilOil price check

56 acres on the newest permit

Check your decimal on this lease
Permits for Rhodes "16"
API numberWell no.Acreson the permit
42-317-35368156

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

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Estimate your royalty

36 months, newest first

Ledger for RHODES "16"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261790000$80.46$2.89
Jun 202632164000$84.81$3.15
May 2026984000$102.13$2.94
Apr 202684173000$100.32$2.77
Mar 2026225343000$91.38$3.04
Feb 2026193171000$64.51$3.62
Jan 202617939000$60.04$7.72
Dec 2025202171000$57.97$4.26
Nov 2025261363000$60.06$3.79
Oct 2025285343000$60.89$3.19
Sep 2025409359000$63.96$2.97
Aug 2025457540000$64.86$2.91
Jul 2025256179000$68.39$3.20
Jun 2025371341000$68.17$3.02
May 2025158166000$62.17$3.12
Apr 20251655000$63.54$3.42
Mar 202513418441410$68.24$4.12
Feb 202512916755550$71.53$4.19
Jan 202513117362620$75.74$4.13
Dec 202415417066660$70.12$3.01
Nov 2024129065650$69.95$2.12
Oct 202414117729290$71.99$2.20
Sep 202413917254540$70.24$2.28
Aug 202412517829290$76.68$1.99
Jul 202414711000$81.80$2.07
Jun 202414717520200$79.77$2.54
May 202412017599990$80.02$2.12
Apr 20241291701091090$85.35$1.60
Mar 20241661771251250$81.28$1.49
Feb 20241511711271270$77.25$1.72
Jan 20241741691481480$74.15$3.18
Dec 20231821761461460$71.90$2.52
Nov 202313601301300$77.69$2.71
Oct 20231431681401400$85.64$2.98
Sep 20231411751401400$89.43$2.64
Aug 20231441721231230$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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Nearby

This lease belongs to

OperatorMidland Energy, Inc.FieldSpraberry (Trend Area)CountyMartin County

Midland Energy, Inc. in Martin County

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Spraberry (Trend Area) field

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