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Texas oil lease

Producing

SPANISH TRAIL 3-10 A4

Spanish Trail 3-10 A4 is an oil lease in Midland County, Texas, operated by Cog Operating LLC in the Spraberry (Trend Area) field.

Oil lease dossier

2,390bbl oil, last 12 months−24% vs prior year
Operator
Cog Operating LLC
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-59567

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
38,132 mcf
Oil in Jul 2026
169 bbl

Production by month

Oil output fell 24% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 24% over the last 12 monthsMonthly oil production and gas for SPANISH TRAIL 3-10 A4, Aug 2023 to Jul 2026. Oil output fell 24% over the last 12 months. 2,390 bbl in the 12 months through Jul 2026, against 3,161 bbl in the 12 months before.Last 12 months: 2,390 bblbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 24% over the last 12 monthsMonthly oil production and gas for SPANISH TRAIL 3-10 A4, Aug 2023 to Jul 2026. Oil output fell 24% over the last 12 months. 2,390 bbl in the 12 months through Jul 2026, against 3,161 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

92% of the gas went to a processing plant in the last 12 months

Flaring peaked at 4.2% of the gas in Sep 2023.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
92% of the gas went to a processing plant in the last 12 monthsShare of SPANISH TRAIL 3-10 A4 gas by disposition code each month, Aug 2023 to Jul 2026. 92% of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.2% of the gas in Sep 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 4.2%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
92% of the gas went to a processing plant in the last 12 monthsShare of SPANISH TRAIL 3-10 A4 gas by disposition code each month, Aug 2023 to Jul 2026. 92% of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.2% of the gas in Sep 2023.Share of gas by disposition code0%50%100%Flared 4.2%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    92% · 35,154 mcf

  • Lease fuel (1)

    7.6% · 2,897 mcf

  • Flared (4)

    0.2% · 81 mcf

0.2% of the gas flared in the last 12 months. One month above 3%.

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Pipeline L.p.OilGathers90Apr 1, 2023
Plains Marketing, L.p.OilGathers10Apr 1, 2023
Enlink Gas Marketing, LPCasinghead gasBuys100Apr 1, 2023
Enlink Permian, LLCCasinghead gasGathers100Apr 1, 2023

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

Who buys my oilOil price check

859.22 acres on the newest permit

  • Worth asking

    A production sharing agreement well is on this lease

    A production sharing agreement divides production by a method the agreement sets. Ask the operator for the agreement and the tract percentage it gives your land.

  • 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 3-10 A4
API numberWell no.Acreson the permit
42-329-426523422H859.22

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 3-10 A4
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261691712,9042,6860$80.46$2.89
Jun 20262212182,8252,5950$84.81$3.15
May 20262112102,5782,3730$102.13$2.94
Apr 20261991962,2212,0370$100.32$2.77
Mar 20261651712,8452,6110$91.38$3.04
Feb 20262092033,5503,2980$64.51$3.62
Jan 20262192273,9433,6540$60.04$7.72
Dec 20252322294,0533,7580$57.97$4.26
Nov 20252112123,1382,8890$60.06$3.79
Oct 20252432373,4693,2070$60.89$3.19
Sep 20251791763,3783,1350$63.96$2.97
Aug 20251321293,2282,91181$64.86$2.91
Jul 20251101063,1872,9510$68.39$3.20
Jun 202575992,7532,5590$68.17$3.02
May 20253613592,4902,3100$62.17$3.12
Apr 20252972911,9201,7410$63.54$3.42
Mar 20252622721,3421,1890$68.24$4.12
Feb 20252502541,2231,0680$71.53$4.19
Jan 20252772591,4551,2770$75.74$4.13
Dec 20242262212,0661,8680$70.12$3.01
Nov 20241731762,1931,9890$69.95$2.12
Oct 20241962062,4292,2020$71.99$2.20
Sep 20243493662,4512,2320$70.24$2.28
Aug 20245855708627850$76.68$1.99
Jul 20243913955264850$81.80$2.07
Jun 20244464515585270$79.77$2.54
May 2024383367000$80.02$2.12
Apr 20242312125184800$85.35$1.60
Mar 202426283383090$81.28$1.49
Feb 2024434238340$77.25$1.72
Jan 2024454553480$74.15$3.18
Dec 2023414853480$71.90$2.52
Nov 202312612424220$77.69$2.71
Oct 202312612723210$85.64$2.98
Sep 202312517024211$89.43$2.64
Aug 202370670420190$81.39$2.58

Flared above 3%

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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