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Texas oil lease

Producing

SPANISH TRAIL

Spanish Trail is an oil lease in Midland County, Texas, operated by Cog Operating LLC in the Spraberry (Trend Area) field.

89 wells

44,078bbl oil, last 12 months−10% vs prior year
Operator
Cog Operating LLC
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-38844

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
152,575 mcf
Oil in Jul 2026
3,218 bbl

Production by month

Oil output fell 10% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 10% over the last 12 monthsMonthly oil production and gas for SPANISH TRAIL, Aug 2023 to Jul 2026. Oil output fell 10% over the last 12 months. 44,078 bbl in the 12 months through Jul 2026, against 49,224 bbl in the 12 months before.Last 12 months: 44,078 bblbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020k10k25kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 10% over the last 12 monthsMonthly oil production and gas for SPANISH TRAIL, Aug 2023 to Jul 2026. Oil output fell 10% over the last 12 months. 44,078 bbl in the 12 months through Jul 2026, against 49,224 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020k10k25kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

99% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
99% of the gas went to a processing plant in the last 12 monthsShare of SPANISH TRAIL gas by disposition code each month, Aug 2023 to Jul 2026. 99% 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
99% of the gas went to a processing plant in the last 12 monthsShare of SPANISH TRAIL gas by disposition code each month, Aug 2023 to Jul 2026. 99% 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)

    99% · 151,505 mcf

  • Lease fuel (1)

    0.6% · 897 mcf

  • Flared (4)

    0.1% · 173 mcf

0.1% of the gas flared in the last 12 months. No month above 3%.

89 wells on this lease

Wells on SPANISH TRAIL
API numberWell no.Status
42-329-358844702Active
42-329-358853801Active
42-329-360844803Shut-in
42-329-360854808Active
42-329-361194604Shut-in
42-329-36120307Shut-in
42-329-36122206Shut-in
42-329-36293105Active
42-329-36296408Shut-in
42-329-362974804Shut-in
42-329-362983805Active
42-329-36356101Shut-in
42-329-36383110Active
42-329-36384413Active
42-329-363854602Shut-in
42-329-363863803Active
42-329-364234807Shut-in
42-329-365234603Shut-in
42-329-365244605Active
42-329-365254606Shut-in
42-329-365264705Shut-in
42-329-36527405Active
42-329-365283807Active
42-329-36660304Shut-in
42-329-368213808Active
42-329-36853201Shut-in
42-329-36854202Shut-in
42-329-36856303Shut-in
42-329-37028205Shut-in
42-329-370293815Shut-in
42-329-370304615Shut-in
42-329-370314708Shut-in
42-329-37040308Active
42-329-373523809Active
42-329-373533812Active
42-329-373544701Active
42-329-373554707Active
42-329-373564709Active
42-329-373574815Shut-in
42-329-373584816Shut-in
42-329-37359209Active
42-329-37360305Active
42-329-37361306Shut-in
42-329-373634608Active
42-329-37664302Active
42-329-376664607Active
42-329-376714706Active
42-329-376814703Active
42-329-377483804Active
42-329-379573811Active
42-329-379583813Active
42-329-379604704Shut-in
42-329-379614710Active
42-329-379624711Active
42-329-379704712Shut-in
42-329-379714714Active
42-329-379724715Active
42-329-379734716Active
42-329-383284713Shut-in
42-329-38503301Active
42-329-389864801Active
42-329-389874802Active
42-329-389883802Active
42-329-389903806DActive
42-329-39064200SWShut-in
42-329-39112102Shut-in
42-329-39114103Active
42-329-39115104Shut-in
42-329-39167217LSActive
42-329-39169217WBActive
42-329-39170217WDActive
42-329-39302218LSActive
42-329-39303218MSActive
42-329-39826309Active
42-329-39827310Active
42-329-39830315Shut-in
42-329-40195229LSActive
42-329-40196229WBActive
42-329-40197228LSActive
42-329-40198228WAActive
42-329-40209218WAActive
42-329-40210218WBActive
42-329-40265217HActive
42-329-414833331HActive
42-329-414843332HActive
42-329-421912191HActive
42-329-421922192HActive
42-329-422283831HActive
42-329-422293832HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers50Nov 1, 2023–
Plains Pipeline L.p.OilGathers50Nov 1, 2023–
Enlink Gas Marketing, LPCasinghead gasBuys100Nov 1, 2023–
Enlink Permian, LLCCasinghead gasGathers100Nov 1, 2023–
Dcp Operating Company, LPCasinghead gasGathers50Apr 1, 2017Nov 1, 2023
Enlink Permian, LLCCasinghead gasGathers50Jun 1, 2023Nov 1, 2023
Coronado Midstream LLCCasinghead gasBuys50Jan 1, 2014Nov 1, 2023
Dcp Operating Company, LPCasinghead gasBuys50Apr 1, 2017Nov 1, 2023
Beta Crude Connector, LLCOilGathers25Jun 1, 2023Nov 1, 2023
Enterprise Crude Oil LLCOilGathers25Jun 1, 2023Nov 1, 2023

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

Who buys my oilOil price check

2,223.53 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 2,223.53 and 4,112.6 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    89 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.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Spanish Trail
API numberWell no.Acreson the permit
42-329-422283831H2,223.53
42-329-422293832H2,223.53
42-329-421912191H2,223.53
42-329-421922192H2,223.53
42-329-414833331H4,112.57
42-329-414843332H3,082.75
42-329-40265217H4,112.60
42-329-40210218WB4,112.60
42-329-40209218WA4,112.60
42-329-40195229LS4,112.60
42-329-40196229WB4,112.60
42-329-40197228LS4,112.60

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

Unit decimal checker

What ConocoPhillips told investors it received

Cog Operating LLC is linked to ConocoPhillips (COP).
Realized prices reported by ConocoPhillips
QuarterOil$ per bblFiling
Q2 2026$99.40SEC filing
Q1 2026$73.47SEC filing
Q3 2025$66.13SEC filing
Q2 2025$64.23SEC filing
Q1 2025$71.65SEC filing
Q3 2024$76.77SEC filing

SourceConocoPhillips quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for SPANISH TRAIL
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263,2183,24112,15212,0710$80.46$2.89
Jun 20263,6243,61012,88612,7980$84.81$3.15
May 20263,7843,77213,06212,824150$102.13$2.94
Apr 20263,2923,31412,20712,1240$100.32$2.77
Mar 20263,5333,52812,19012,1040$91.38$3.04
Feb 20263,5103,50911,26611,1850$64.51$3.62
Jan 20263,8463,84212,15412,0720$60.04$7.72
Dec 20253,9973,99612,46312,3860$57.97$4.26
Nov 20253,7743,75111,96911,9080$60.06$3.79
Oct 20253,5033,49913,30813,2650$60.89$3.19
Sep 20254,0904,06514,69414,6450$63.96$2.97
Aug 20253,9073,97314,22414,12323$64.86$2.91
Jul 20254,2664,22416,79116,7020$68.39$3.20
Jun 20253,7613,82418,02117,9470$68.17$3.02
May 20254,1104,02417,70517,6460$62.17$3.12
Apr 20253,1353,20613,73413,7232$63.54$3.42
Mar 20253,4593,44815,64815,6410$68.24$4.12
Feb 20252,8923,03013,20913,1973$71.53$4.19
Jan 20253,5763,46616,10816,0970$75.74$4.13
Dec 20243,9483,97116,38716,3550$70.12$3.01
Nov 20244,2864,26417,26217,1760$69.95$2.12
Oct 20244,9114,96619,51519,4220$71.99$2.20
Sep 20245,2365,21519,69519,5840$70.24$2.28
Aug 20245,6445,63820,61120,5140$76.68$1.99
Jul 20245,9805,97820,38420,2910$81.80$2.07
Jun 20244,4154,41317,85017,7270$79.77$2.54
May 20245,8505,83620,25820,1244$80.02$2.12
Apr 20245,5855,53617,78517,6840$85.35$1.60
Mar 20245,0115,02116,91416,8160$81.28$1.49
Feb 20244,7224,69516,76316,6690$77.25$1.72
Jan 20245,3985,45619,04518,9120$74.15$3.18
Dec 20236,0926,01921,45521,27729$71.90$2.52
Nov 20236,0396,07519,34019,1930$77.69$2.71
Oct 20236,5966,55222,86722,7480$85.64$2.98
Sep 20236,0126,05721,63321,5050$89.43$2.64
Aug 20236,1416,19021,29821,1280$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

OperatorCog Operating LLCFieldSpraberry (Trend Area)CountyMidland County

Cog Operating LLC in Midland County

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Spraberry (Trend Area) field

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Drilling permits within 10 km