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Texas oil lease

Producing

RICE, WM. INSTITUTE -B-

Rice, WM. Institute -B- is an oil lease in Tyler County, Texas, operated by Milestone Operating, Inc. in the Hicksbaugh field.

3 wells

1,235bbl oil, last 12 months0% vs prior year
Operator
Milestone Operating, Inc.
County
Tyler County
Field
Hicksbaugh
RRC lease
03-02087

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Where it sits

This county

Tyler CountyTylerSan AugustineJasperSabineNewtonPolkAngelinaTyler County
Tyler County
Gas, last 12 months
135 mcf
Oil in May 2026
105 bbl

Checks stopped on this lease?

  • Sales

    No sales reported for the last 2 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 held steady over the last 12 months

2 months were not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for RICE, WM. INSTITUTE -B-, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 1,020 bbl in the 12 months through Jul 2026, against 1,018 bbl in the 12 months before.Last 12 months: 1,020 bblbbl per monthmcf per month00505100101501520020Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for RICE, WM. INSTITUTE -B-, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 1,020 bbl in the 12 months through Jul 2026, against 1,018 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00505100101501520020Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to lease fuel in the last 12 months

All of the gas went to lease fuel in the last 12 monthsShare of RICE, WM. INSTITUTE -B- gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to lease fuel 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 lease fuel in the last 12 monthsShare of RICE, WM. INSTITUTE -B- gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to lease fuel 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.

3 wells on this lease

Wells on RICE, WM. INSTITUTE -B-
API numberWell no.Status
42-457-001835Active
42-457-001942DActive
42-457-004781DActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers50Jan 1, 2023–
Gulfmark Energy, Inc.OilGathers50Jun 1, 2018–
Milestone Operating, Inc.Casinghead gasBuys100Apr 1, 2001–
Enterprise Products Operating LLCCasinghead gasGathers100Jan 1, 2023–
Enterprise Products Operating LLCCasinghead gasGathers50Jun 1, 2018Jan 1, 2023
Houston Pipe Line Company LPCasinghead gasGathers50May 1, 2002Jan 1, 2023
Eastex Crude CompanyOilGathers50Jun 1, 2018Jan 1, 2023

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

Who buys my oilOil price check

40 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 40 and 608 acres. Use the acres from your own division order for the well you are paid on.

  • 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.

Check your decimal on this lease
Permits for Rice, WM. Institute -B-
API numberWell no.Acreson the permit
42-457-001942D40
42-457-001953608
42-457-001964608
42-457-001835–
42-457-001992–
42-457-001992 T–
42-457-004781D–

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

Unit decimal checker

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36 months, newest first

Ledger for RICE, WM. INSTITUTE -B-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report filed–––––$80.46$2.89
Jun 2026No report filed–––––$84.81$3.15
May 2026105951300$102.13$2.94
Apr 202691981200$100.32$2.77
Mar 20261051011100$91.38$3.04
Feb 20261221851100$64.51$3.62
Jan 20266501000$60.04$7.72
Dec 2025901221300$57.97$4.26
Nov 2025110991300$60.06$3.79
Oct 202599911100$60.89$3.19
Sep 20251141171100$63.96$2.97
Aug 20251191071100$64.86$2.91
Jul 20251051071100$68.39$3.20
Jun 2025110132800$68.17$3.02
May 20257955700$62.17$3.12
Apr 20251371361000$63.54$3.42
Mar 202570112300$68.24$4.12
Feb 20253961300$71.53$4.19
Jan 2025540300$75.74$4.13
Dec 20244671500$70.12$3.01
Nov 202490821200$69.95$2.12
Oct 202490971200$71.99$2.20
Sep 202499611200$70.24$2.28
Aug 2024991021200$76.68$1.99
Jul 20241051011200$81.80$2.07
Jun 202496851200$79.77$2.54
May 20241021061300$80.02$2.12
Apr 2024991151300$85.35$1.60
Mar 202488761400$81.28$1.49
Feb 202490951200$77.25$1.72
Jan 20241021121300$74.15$3.18
Dec 2023101941400$71.90$2.52
Nov 20231021091400$77.69$2.71
Oct 2023100851500$85.64$2.98
Sep 2023971031500$89.43$2.64
Aug 2023931111600$81.39$2.58

No report filed

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

OperatorMilestone Operating, Inc.FieldHicksbaughCountyTyler County

Milestone Operating, Inc. in Tyler County

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Hicksbaugh field

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