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Texas gas well

Producing

RICHARDS "505"

Richards "505" is a gas well in Jack County, Texas, operated by LKM Oil and Gas LLC in the Jacksboro, S. (Congl. 5000) field.

1 well

1,523mcf gas, last 12 months−76% vs prior year
Operator
LKM Oil and Gas LLC
County
Jack County
Field
Jacksboro, S. (Congl. 5000)
RRC lease
09-064348

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Where it sits

This county

Jack CountyJackWiseClayMontagueYoungArcherJack County
Jack County
Gas in Jul 2026
5 mcf
Reporting since
Jan 2020

Checks stopped on this lease?

  • Operator

    Operator changed: LKM Oil and Gas LLC took over from LKM Oil & Gas in Oct 2024.

  • P-5

    The current operator's P-5 registration is listed as delinquent (last P-5 filed Sep 17, 2025).

  • P-5

    The previous operator's P-5 registration is listed as inactive since Nov 27, 2024 (last P-5 filed Oct 26, 2023).

  • Sales

    Sales over the last 3 months fell to 2% 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

Gas output fell 76% over the last 12 months

  • Gas (bars)
  • Last 12 months
Gas output fell 76% over the last 12 monthsMonthly gas production for RICHARDS "505", Aug 2023 to Jul 2026. Gas output fell 76% over the last 12 months. 1,523 mcf in the 12 months through Jul 2026, against 6,452 mcf in the 12 months before.Last 12 months: 1,523 mcfmcf per month05001,0001,5002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 76% over the last 12 monthsMonthly gas production for RICHARDS "505", Aug 2023 to Jul 2026. Gas output fell 76% over the last 12 months. 1,523 mcf in the 12 months through Jul 2026, against 6,452 mcf in the 12 months before.Last 12 monthsmcf per month05001,0001,5002,000Jan 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 RICHARDS "505" 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 RICHARDS "505" 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.

Who has run this lease

The operator changed 3 times, most recently in Oct 2024

Operators of this lease over timeWise Production Company, Jan 2020 to Mar 2021; Myers, A. J., Apr 2021 to Jun 2023; LKM Oil & Gas, Jul 2023 to Sep 2024; LKM Oil and Gas LLC, Oct 2024 to Jul 20262020202120222023202420252026Changed Apr 2021Changed Jul 2023Changed Oct 2024Wise Production CompanyJan 2020 to Mar 2021Myers, A. J.Apr 2021 to Jun 2023LKM Oil & GasJul 2023 to Sep 2024LKM Oil and Gas LLCOct 2024 to now
Operators of this lease over timeWise Production Company, Jan 2020 to Mar 2021; Myers, A. J., Apr 2021 to Jun 2023; LKM Oil & Gas, Jul 2023 to Sep 2024; LKM Oil and Gas LLC, Oct 2024 to Jul 20262020202120222023202420252026Changed Apr 2021Changed Jul 2023Changed Oct 2024Wise Production CompanyJan 2020 to Mar 2021Myers, A. J.Apr 2021 to Jun 2023LKM Oil & GasJul 2023 to Sep 2024LKM Oil and Gas LLCOct 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on RICHARDS "505"
API numberWell no.Status
42-237-309572Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Colt Gathering (North Texas)l.p.Gas-well gasBuys100Jul 1, 2023–
Colt Gathering (North Texas)l.p.Gas-well gasGathers100May 1, 2020–
Transoil Marketing, LLCCondensateGathers100Jul 1, 2023Oct 1, 2024
Gulfmark Energy, Inc.CondensateGathers100Oct 1, 2018Jul 1, 2023
Colt G & P (North Texas) L.p.Gas-well gasBuys100May 1, 2020Jul 1, 2023
Midcoast Gathering (N Tx) L.p.Gas-well gasGathers100Oct 1, 2018May 1, 2020
Midcoast G & P (North Texas)l.p.Gas-well gasBuys100Oct 1, 2018May 1, 2020

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

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What the drilling permits say

  • Good to know

    The state has no unit acreage for this lease

    Ask the operator for the acreage on your well's division order and unit plat.

Check your decimal on this lease
Permits for Richards "505"
API numberWell no.Acreson the permit
42-237-309572–

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

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36 months, newest first

Ledger for RICHARDS "505"
MonthGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026LKM Oil550$80.46$2.89
Jun 2026LKM Oil660$84.81$3.15
May 2026LKM Oil000$102.13$2.94
Apr 2026LKM Oil550$100.32$2.77
Mar 2026LKM Oil1581580$91.38$3.04
Feb 2026LKM Oil2302300$64.51$3.62
Jan 2026LKM Oil1681680$60.04$7.72
Dec 2025LKM Oil3333330$57.97$4.26
Nov 2025LKM Oil2982980$60.06$3.79
Oct 2025LKM Oil1001000$60.89$3.19
Sep 2025LKM Oil94940$63.96$2.97
Aug 2025LKM Oil1261260$64.86$2.91
Jul 2025LKM Oil2902900$68.39$3.20
Jun 2025LKM Oil20200$68.17$3.02
May 2025LKM Oil51510$62.17$3.12
Apr 2025LKM Oil1061060$63.54$3.42
Mar 2025LKM Oil1781780$68.24$4.12
Feb 2025LKM Oil2742740$71.53$4.19
Jan 2025LKM Oil1,6141,6140$75.74$4.13
Dec 2024LKM Oil1,6921,6920$70.12$3.01
Nov 2024LKM Oil8018010$69.95$2.12
Oct 2024LKM Oil9299290$71.99$2.20
Sep 2024LKM Oil2512510$70.24$2.28
Aug 2024LKM Oil2462460$76.68$1.99
Jul 2024LKM Oil6496490$81.80$2.07
Jun 2024LKM Oil2852850$79.77$2.54
May 2024LKM Oil2052050$80.02$2.12
Apr 2024LKM Oil4044040$85.35$1.60
Mar 2024LKM Oil1551550$81.28$1.49
Feb 2024LKM Oil4294290$77.25$1.72
Jan 2024LKM Oil8688680$74.15$3.18
Dec 2023LKM Oil5395390$71.90$2.52
Nov 2023LKM Oil1581580$77.69$2.71
Oct 2023LKM Oil6536530$85.64$2.98
Sep 2023LKM Oil6116110$89.43$2.64
Aug 2023LKM Oil220$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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This lease belongs to

OperatorLKM Oil and Gas LLCFieldJacksboro, S. (Congl. 5000)CountyJack County

LKM Oil and Gas LLC in Jack County

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Jacksboro, S. (Congl. 5000) field

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