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Texas oil lease

Producing

SPANISH TRAIL 47 HZ UNIT

Spanish Trail 47 HZ Unit is an oil lease in Midland County, Texas, operated by Cog Operating LLC in the Spraberry (Trend Area) field.

15 wells

66,561bbl oil, last 12 months−23% vs prior year
Operator
Cog Operating LLC
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-48102

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
1,350,724 mcf
Oil in Jul 2026
6,040 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: ONEOK MIDLAND MIDSTREAM, LLC replaced CORONADO MIDSTREAM LLC, DCP OPERATING COMPANY, LP as the buyer of this lease's gas from oil wells on Apr 1, 2026.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Oil output fell 23% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 23% over the last 12 monthsMonthly oil production and gas for SPANISH TRAIL 47 HZ UNIT, Aug 2023 to Jul 2026. Oil output fell 23% over the last 12 months. 66,561 bbl in the 12 months through Jul 2026, against 86,412 bbl in the 12 months before.Last 12 months: 66,561 bblbbl per monthmcf per month005,00050k10k100k15k150k20k200kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 23% over the last 12 monthsMonthly oil production and gas for SPANISH TRAIL 47 HZ UNIT, Aug 2023 to Jul 2026. Oil output fell 23% over the last 12 months. 66,561 bbl in the 12 months through Jul 2026, against 86,412 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00050k10k100k15k150k20k200kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

95% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
95% of the gas went to a processing plant in the last 12 monthsShare of SPANISH TRAIL 47 HZ UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 95% 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
95% of the gas went to a processing plant in the last 12 monthsShare of SPANISH TRAIL 47 HZ UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 95% 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)

    95% · 1,282,424 mcf

  • Lease fuel (1)

    4.7% · 63,700 mcf

  • Flared (4)

    0.3% · 4,600 mcf

0.3% of the gas flared in the last 12 months. No month above 3%.

15 wells on this lease

Wells on SPANISH TRAIL 47 HZ UNIT
API numberWell no.Status
42-329-400694717WAActive
42-329-400704717WBActive
42-329-401184717LSActive
42-329-401194718MSActive
42-329-401274719WBActive
42-329-401284719WAActive
42-329-401294719LSShut-in
42-329-401314720LSActive
42-329-401324720WBActive
42-329-401334721LSActive
42-329-401344722MSActive
42-329-401354723LSActive
42-329-420154724HActive
42-329-420164725HActive
42-329-420174726HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Apr 1, 2026–
Oneok Midland Midstream, LLCCasinghead gasBuys100Apr 1, 2026–
Enlink Permian, LLCCasinghead gasGathers100Apr 1, 2026–
Dcp Operating Company, LPCasinghead gasGathers50Apr 1, 2017Apr 1, 2026
Enlink Permian, LLCCasinghead gasGathers50Jun 1, 2023Apr 1, 2026
Coronado Midstream LLCCasinghead gasBuys50Oct 1, 2016Apr 1, 2026
Dcp Operating Company, LPCasinghead gasBuys50Apr 1, 2017Apr 1, 2026
Beta Crude Connector, LLCOilGathers25Jun 1, 2023Apr 1, 2026
Enterprise Crude Oil LLCOilGathers25Jun 1, 2023Apr 1, 2026

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

Who buys my oilOil price check

693.60 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 693.6 and 4,433.2 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    15 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 47 HZ Unit
API numberWell no.Acreson the permit
42-329-420154724H693.60
42-329-420164725H693.60
42-329-420174726H693.60
42-329-401194718MS4,433.20
42-329-401334721LS4,433.20
42-329-401344722MS4,433.20
42-329-401354723LS4,433.20
42-329-401274719WB4,433.20
42-329-401284719WA4,433.20
42-329-401294719LS4,433.17
42-329-401314720LS693.60
42-329-401324720WB693.60

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 47 HZ UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20266,0406,032115,876110,4510$80.46$2.89
Jun 20265,6565,620115,720110,4700$84.81$3.15
May 20266,0226,063118,331110,8062,100$102.13$2.94
Apr 20265,4905,460112,466107,2160$100.32$2.77
Mar 20265,5205,488107,103101,6780$91.38$3.04
Feb 20264,2494,23997,24592,5200$64.51$3.62
Jan 20264,6914,741106,914101,4890$60.04$7.72
Dec 20255,8925,917119,194113,7690$57.97$4.26
Nov 20254,7604,736107,832102,5820$60.06$3.79
Oct 20255,9275,831118,838113,4130$60.89$3.19
Sep 20256,4096,416117,558112,3080$63.96$2.97
Aug 20255,9055,911113,647105,7222,500$64.86$2.91
Jul 20256,2306,236116,522110,197900$68.39$3.20
Jun 20256,0766,171110,410105,1600$68.17$3.02
May 20256,2526,143114,798109,123250$62.17$3.12
Apr 20255,9395,985112,023106,7730$63.54$3.42
Mar 20256,6746,811126,942121,5170$68.24$4.12
Feb 20256,5886,711110,107105,2070$71.53$4.19
Jan 20256,9366,765124,842119,217200$75.74$4.13
Dec 20247,1817,297127,841122,4160$70.12$3.01
Nov 20247,6657,578128,395123,1450$69.95$2.12
Oct 20248,5858,705132,317126,8920$71.99$2.20
Sep 20248,9318,835134,258129,0080$70.24$2.28
Aug 20249,3559,404150,869145,4440$76.68$1.99
Jul 20249,7779,732144,419138,9940$81.80$2.07
Jun 20246,7106,714111,826106,096480$79.77$2.54
May 20249,5599,536000$80.02$2.12
Apr 202410,76910,836149,492144,2420$85.35$1.60
Mar 202412,33912,251154,869149,4440$81.28$1.49
Feb 202410,96510,942141,897136,8220$77.25$1.72
Jan 202411,12411,158149,283143,8580$74.15$3.18
Dec 202313,03413,011148,820143,3950$71.90$2.52
Nov 202311,86911,938153,048147,7980$77.69$2.71
Oct 202314,65814,556145,156139,631100$85.64$2.98
Sep 202312,70612,909142,033134,9531,830$89.43$2.64
Aug 202313,71313,722149,361143,9360$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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