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Texas oil lease

Producing

SPEAR REYNOLDS UNIT D

Spear Reynolds Unit D is an oil lease in Karnes County, Texas, operated by Burlington Resources O & G Co LP in the Eagleville (Eagle Ford-2) field.

1 well

314bbl oil, last 12 months−97% vs prior year
RRC lease
02-10649

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Where it sits

This county

Karnes CountyKarnesAtascosaGoliadWilsonGonzalesDe WittBexarKarnes County
Karnes County
Gas, last 12 months
3,100 mcf
Oil in Jul 2026
0 bbl

Checks stopped on this lease?

  • Sales

    No sales reported for the last 2 months of state data (through Jul 2026).

  • Sales

    Sales over the last 3 months fell to 14% of the 9 months before.

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 97% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 97% over the last 12 monthsMonthly oil production and gas for SPEAR REYNOLDS UNIT D, Aug 2023 to Jul 2026. Oil output fell 97% over the last 12 months. 314 bbl in the 12 months through Jul 2026, against 9,822 bbl in the 12 months before.Last 12 months: 314 bblbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 97% over the last 12 monthsMonthly oil production and gas for SPEAR REYNOLDS UNIT D, Aug 2023 to Jul 2026. Oil output fell 97% over the last 12 months. 314 bbl in the 12 months through Jul 2026, against 9,822 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Mar 2026 the lease's gas goes to a processing plant instead of lease fuel

  • Processing plant (3)
  • Lease fuel (1)
Since Mar 2026 the lease's gas goes to a processing plant instead of lease fuelShare of SPEAR REYNOLDS UNIT D gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2026 the lease's gas goes to a processing plant instead of lease fuel.Share of the lease’s gas by disposition code, per month0%50%100%Mar 2026: fuel to plantOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Mar 2026 the lease's gas goes to a processing plant instead of lease fuelShare of SPEAR REYNOLDS UNIT D gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2026 the lease's gas goes to a processing plant instead of lease fuel.Share of gas by disposition code0%50%100%Mar 26: fuel to plantJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    83% · 7,774 mcf

  • Lease fuel (1)

    17% · 1,571 mcf

1 well on this lease

Wells on SPEAR REYNOLDS UNIT D
API numberWell no.Status
42-255-327851Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Conocophillips CompanyOilGathers100Jan 1, 2025–
Conocophillips CompanyCasinghead gasBuys100Jul 7, 2013–
Burlington Resources O & G CO LPCasinghead gasGathers100Jul 7, 2013–
Bp Products North America Inc.OilGathers25Jul 7, 2013Jan 1, 2025
Conocophillips CompanyOilGathers25Jul 7, 2013Jan 1, 2025
Flint Hills Resources, LPOilGathers25Jul 7, 2013Jan 1, 2025
Ngl Crude Logistics, LLCOilGathers25Jul 1, 2014Jan 1, 2025

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

323.07 acres on the newest permit

Permits for Spear Reynolds Unit D
API numberWell no.Acreson the permit
42-255-327851323.07

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

What ConocoPhillips told investors it received

Burlington Resources O & G Co LP 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 SPEAR REYNOLDS UNIT D
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026001771770$80.46$2.89
Jun 2026002552350$84.81$3.15
May 202614142741590$102.13$2.94
Apr 202626261,1179940$100.32$2.77
Mar 202611113042440$91.38$3.04
Feb 202600000$64.51$3.62
Jan 2026005100$60.04$7.72
Dec 202500000$57.97$4.26
Nov 202500000$60.06$3.79
Oct 202587872791850$60.89$3.19
Sep 202594943531240$63.96$2.97
Aug 202582822901210$64.86$2.91
Jul 20254014011,6411,4510$68.39$3.20
Jun 20258128122,7132,4560$68.17$3.02
May 20256186181,8911,6280$62.17$3.12
Apr 20257647642,4792,2340$63.54$3.42
Mar 20258398392,8962,7830$68.24$4.12
Feb 20258608603,2913,2780$71.53$4.19
Jan 20256776772,8362,7910$75.74$4.13
Dec 20249469464,1504,1380$70.12$3.01
Nov 20241,0721,0724,0063,9970$69.95$2.12
Oct 20248048042,8712,8470$71.99$2.20
Sep 20241,0241,0244,0664,0650$70.24$2.28
Aug 20241,0051,0054,8494,8440$76.68$1.99
Jul 20241521525695550$81.80$2.07
Jun 2024956956000$79.77$2.54
May 20248869192,8392,7670$80.02$2.12
Apr 20247177872,6112,4850$85.35$1.60
Mar 20241,2131,2134,4824,3090$81.28$1.49
Feb 20249749742,7102,5130$77.25$1.72
Jan 20246216223,0272,6090$74.15$3.18
Dec 20231,2761,2774,9934,5830$71.90$2.52
Nov 20231,4151,4155,0644,7360$77.69$2.71
Oct 20231,1231,1253,2072,8530$85.64$2.98
Sep 20232772781,0837400$89.43$2.64
Aug 20231,5861,4945,0934,6650$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

Eagleville (Eagle Ford-2) field

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