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Texas oil lease

Producing

RICHARDS, FRANK

Richards, Frank is an oil lease in Jack County, Texas, operated by Paratus Petroleum LLC in the Lost Valley (Caddo) field.

5 wells

1,338bbl oil, last 12 months+2% vs prior year
RRC lease
09-30523

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Where it sits

This county

Jack CountyJackWiseClayMontagueYoungArcherJack County
Jack County
Gas, last 12 months
5,767 mcf
Oil in Jul 2026
0 bbl

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for RICHARDS, FRANK, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 1,338 bbl in the 12 months through Jul 2026, against 1,312 bbl in the 12 months before.Last 12 months: 1,338 bblbbl per monthmcf per month001002502005003007504001,0005001,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for RICHARDS, FRANK, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 1,338 bbl in the 12 months through Jul 2026, against 1,312 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001002502005003007504001,0005001,250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

91% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
91% of the gas went to a processing plant in the last 12 monthsShare of RICHARDS, FRANK gas by disposition code each month, Aug 2023 to Jul 2026. 91% 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
91% of the gas went to a processing plant in the last 12 monthsShare of RICHARDS, FRANK gas by disposition code each month, Aug 2023 to Jul 2026. 91% 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.

  • Processing plant (3)

    91% · 6,910 mcf

  • Lease fuel (1)

    8.5% · 643 mcf

Who has run this lease

The operator changed once, most recently in Jan 2026

Operators of this lease over timeXplore Operating, LLC, Jan 2020 to Dec 2025; Paratus Petroleum LLC, Jan 2026 to Jul 20262020202120222023202420252026Changed Jan 2026Xplore Operating, LLCJan 2020 to Dec 2025Paratus Petroleum LLCJan 2026 to now
Operators of this lease over timeXplore Operating, LLC, Jan 2020 to Dec 2025; Paratus Petroleum LLC, Jan 2026 to Jul 20262020202120222023202420252026Changed Jan 2026Xplore Operating, LLCJan 2020 to Dec 2025Paratus Petroleum LLCJan 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

5 wells on this lease

Wells on RICHARDS, FRANK
API numberWell no.Status
42-237-382381Active
42-237-384453Active
42-237-392555Active
42-237-392986Active
42-237-399637Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Transoil Marketing, LLCOilGathers100Jun 1, 2019–
Colt G & P (North Texas) L.p.Casinghead gasBuys100Jan 1, 2020–
Colt Gathering (North Texas)l.p.Casinghead gasGathers100Jan 1, 2020–
Midcoast Gathering (N Tx) L.p.Casinghead gasGathers100Jun 1, 2019Jan 1, 2020
Midcoast G & P (North Texas)l.p.Casinghead gasBuys100Jun 1, 2019Jan 1, 2020
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100Dec 1, 2013Jun 1, 2019

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

267 acres on the newest permit

The wells on this lease state different acreage

The permits state between 50 and 267 acres.

Permits for Richards, Frank
API numberWell no.Acreson the permit
42-237-399637267
42-237-38238150
42-237-392986267
42-237-392555267
42-237-384453238

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

Estimate your royalty

36 months, newest first

Ledger for RICHARDS, FRANK
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Paratus Petroleum005464810$80.46$2.89
Jun 2026Paratus Petroleum151162000$84.81$3.15
May 2026Paratus Petroleum1301255294610$102.13$2.94
Apr 2026Paratus Petroleum801124994390$100.32$2.77
Mar 2026Paratus Petroleum164270000$91.38$3.04
Feb 2026Paratus Petroleum12605595120$64.51$3.62
Jan 2026Paratus Petroleum86854774320$60.04$7.72
Dec 2025Xplore Operating,1821415815300$57.97$4.26
Nov 2025Xplore Operating,1191165585060$60.06$3.79
Oct 2025Xplore Operating,93976135510$60.89$3.19
Sep 2025Xplore Operating,1201485975450$63.96$2.97
Aug 2025Xplore Operating,871028087430$64.86$2.91
Jul 2025Xplore Operating,1111038078070$68.39$3.20
Jun 2025Xplore Operating,921029799030$68.17$3.02
May 2025Xplore Operating,1421221,0269480$62.17$3.12
Apr 2025Xplore Operating,1141477556970$63.54$3.42
Mar 2025Xplore Operating,1251156846370$68.24$4.12
Feb 2025Xplore Operating,1021198547860$71.53$4.19
Jan 2025Xplore Operating,85769829000$75.74$4.13
Dec 2024Xplore Operating,44316085620$70.12$3.01
Nov 2024Xplore Operating,911165855330$69.95$2.12
Oct 2024Xplore Operating,118816926290$71.99$2.20
Sep 2024Xplore Operating,1251447917030$70.24$2.28
Aug 2024Xplore Operating,1632246635750$76.68$1.99
Jul 2024Xplore Operating,1271766205570$81.80$2.07
Jun 2024Xplore Operating,5608247210$79.77$2.54
May 2024Xplore Operating,1401729938880$80.02$2.12
Apr 2024Xplore Operating,1771778437380$85.35$1.60
Mar 2024Xplore Operating,1841768247390$81.28$1.49
Feb 2024Xplore Operating,1871706095500$77.25$1.72
Jan 2024Xplore Operating,1581334764240$74.15$3.18
Dec 2023Xplore Operating,2872916615930$71.90$2.52
Nov 2023Xplore Operating,1201066756010$77.69$2.71
Oct 2023Xplore Operating,1707066270$85.64$2.98
Sep 2023Xplore Operating,792547366440$89.43$2.64
Aug 2023Xplore Operating,13107116170$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

Paratus Petroleum LLC in Jack County

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Lost Valley (Caddo) field

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