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Texas gas well

Producing

SHEAD, H. P.#1

Shead, H. P.#1 is a gas well in Gregg County, Texas, operated by Buffco Production Inc. in the Willow Springs (Travis Peak) field.

1 well

55,694mcf gas, last 12 months+6% vs prior year
RRC lease
06-043038

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Where it sits

This county

Gregg CountyGreggPanolaUpshurCassWoodMorrisHopkinsSmithRuskHarrisonMarionCampGregg County
Gregg County
Oil, last 12 months
788 bbl
Gas in Jul 2026
4,446 mcf

Production by month

Gas output rose 6% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output rose 6% over the last 12 monthsMonthly gas production and oil for SHEAD, H. P.#1, Aug 2023 to Jul 2026. Gas output rose 6% over the last 12 months. 55,694 mcf in the 12 months through Jul 2026, against 52,632 mcf in the 12 months before.Last 12 months: 55,694 mcfmcf per monthbbl per month002,000254,000506,000758,00010010k125Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output rose 6% over the last 12 monthsMonthly gas production and oil for SHEAD, H. P.#1, Aug 2023 to Jul 2026. Gas output rose 6% over the last 12 months. 55,694 mcf in the 12 months through Jul 2026, against 52,632 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month002,000254,000506,000758,00010010k125Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

All of the gas went to a transmission line in the last 12 monthsShare of SHEAD, H. P.#1 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line 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 transmission line in the last 12 monthsShare of SHEAD, H. P.#1 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line 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 2 times, most recently in Mar 2023

Operators of this lease over timeFortune Resources LLC, Jan 2020 to May 2021; Petralis Energy Resources, LLC, Jun 2021 to Feb 2023; Buffco Production Inc., Mar 2023 to Jul 20262020202120222023202420252026Changed Jun 2021Changed Mar 2023Fortune Resources LLCJan 2020 to May 2021Petralis Energy Resources, LLCJun 2021 to Feb 2023Buffco Production Inc.Mar 2023 to now
Operators of this lease over timeFortune Resources LLC, Jan 2020 to May 2021; Petralis Energy Resources, LLC, Jun 2021 to Feb 2023; Buffco Production Inc., Mar 2023 to Jul 20262020202120222023202420252026Changed Jun 2021Changed Mar 2023Fortune Resources LLCJan 2020 to May 2021Petralis Energy Resources, LLCJun 2021 to Feb 2023Buffco Production Inc.Mar 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on SHEAD, H. P.#1
API numberWell no.Status
42-183-002401Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dk Trading & Supply, LLCCondensateGathers100Mar 1, 2023–
Midcoast G & P (East Texas) L.p.Gas-well gasBuys100Feb 1, 2019–
Midcoast Pipelines (E Tx) L.p.Gas-well gasGathers100Feb 1, 2019–
Lion Oil Trading & Trans, LLCCondensateGathers100Jun 1, 2021Mar 1, 2023
Plains Marketing, L.p.CondensateGathers100May 1, 2019Jun 1, 2021
Statewide Crude Inc.CondensateGathers100Jun 1, 2001May 1, 2019
Enbridge Pipelines (E. Tx) L.p.Gas-well gasGathers100Mar 1, 2002Feb 1, 2019
Enbridge Pipelines (E. Tx) L.p.Gas-well gasBuys100Mar 1, 2002Feb 1, 2019

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

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 Shead, H. P.#1
API numberWell no.Acreson the permit
42-183-002401–

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

Estimate your royalty

36 months, newest first

Ledger for SHEAD, H. P.#1
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Buffco Production3804,4464,4460$80.46$2.89
Jun 2026Buffco Production60804,7574,7570$84.81$3.15
May 2026Buffco Production85815,0765,0760$102.13$2.94
Apr 2026Buffco Production741635,0125,0120$100.32$2.77
Mar 2026Buffco Production8804,2804,2800$91.38$3.04
Feb 2026Buffco Production1002,2962,2960$64.51$3.62
Jan 2026Buffco Production83784,7424,7420$60.04$7.72
Dec 2025Buffco Production71805,1755,1750$57.97$4.26
Nov 2025Buffco Production80814,7224,7220$60.06$3.79
Oct 2025Buffco Production56814,8064,8060$60.89$3.19
Sep 2025Buffco Production6405,0445,0440$63.96$2.97
Aug 2025Buffco Production79775,3385,3380$64.86$2.91
Jul 2025Buffco Production44803,2003,2000$68.39$3.20
Jun 2025Buffco Production36773,1813,1810$68.17$3.02
May 2025Buffco Production77794,8244,8240$62.17$3.12
Apr 2025Buffco Production7804,9664,9660$63.54$3.42
Mar 2025Buffco Production871604,8264,8260$68.24$4.12
Feb 2025Buffco Production66834,4024,4020$71.53$4.19
Jan 2025Buffco Production66864,2484,2480$75.74$4.13
Dec 2024Buffco Production71784,5054,5050$70.12$3.01
Nov 2024Buffco Production2904,1664,1660$69.95$2.12
Oct 2024Buffco Production68784,7204,7200$71.99$2.20
Sep 2024Buffco Production7704,8444,8440$70.24$2.28
Aug 2024Buffco Production58794,7504,7500$76.68$1.99
Jul 2024Buffco Production75765,0555,0550$81.80$2.07
Jun 2024Buffco Production52784,4794,4790$79.77$2.54
May 2024Buffco Production64785,1635,1630$80.02$2.12
Apr 2024Buffco Production76785,0845,0840$85.35$1.60
Mar 2024Buffco Production78785,3265,3260$81.28$1.49
Feb 2024Buffco Production80784,9434,9430$77.25$1.72
Jan 2024Buffco Production77795,1885,1880$74.15$3.18
Dec 2023Buffco Production12005,0595,0590$71.90$2.52
Nov 2023Buffco Production001,4471,4470$77.69$2.71
Oct 2023Buffco Production00000$85.64$2.98
Sep 2023Buffco Production277110$89.43$2.64
Aug 2023Buffco Production002742740$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

Buffco Production Inc. in Gregg County

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Willow Springs (Travis Peak) field

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