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Texas oil lease

Producing

STRIP 3

Strip 3 is an oil lease in Andrews County, Texas, operated by Sabalo II Operating, LLC in the Spraberry (Trend Area) field.

4 wells

282bbl oil, last 12 months−79% vs prior year
Operator
Sabalo II Operating, LLC
County
Andrews County
Field
Spraberry (Trend Area)
RRC lease
08-41757

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
500 mcf
Oil in Jul 2026
0 bbl

Production by month

Oil output fell 79% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 79% over the last 12 monthsMonthly oil production and gas for STRIP 3, Aug 2023 to Jul 2026. Oil output fell 79% over the last 12 months. 282 bbl in the 12 months through Jul 2026, against 1,333 bbl in the 12 months before.Last 12 months: 282 bblbbl per monthmcf per month00200100400200600300800400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 79% over the last 12 monthsMonthly oil production and gas for STRIP 3, Aug 2023 to Jul 2026. Oil output fell 79% over the last 12 months. 282 bbl in the 12 months through Jul 2026, against 1,333 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00200100400200600300800400Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

All of the gas went to a processing plant in the last 12 monthsShare of STRIP 3 gas by disposition code each month, Aug 2023 to Jul 2026. All 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
All of the gas went to a processing plant in the last 12 monthsShare of STRIP 3 gas by disposition code each month, Aug 2023 to Jul 2026. All 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.

Who has run this lease

The operator changed 2 times, most recently in Jun 2024

Operators of this lease over timeThrone Petroleum Resources LLC, Jan 2020 to Aug 2021; Montrose Operating LLC, Sep 2021 to May 2024; Sabalo II Operating, LLC, Jun 2024 to Jul 20262020202120222023202420252026Changed Sep 2021Changed Jun 2024Throne Petroleum Resources LLCJan 2020 to Aug 2021Montrose Operating LLCSep 2021 to May 2024Sabalo II Operating, LLCJun 2024 to now
Operators of this lease over timeThrone Petroleum Resources LLC, Jan 2020 to Aug 2021; Montrose Operating LLC, Sep 2021 to May 2024; Sabalo II Operating, LLC, Jun 2024 to Jul 20262020202120222023202420252026Changed Sep 2021Changed Jun 2024Throne Petroleum Resources LLCJan 2020 to Aug 2021Montrose Operating LLCSep 2021 to May 2024Sabalo II Operating, LLCJun 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

4 wells on this lease

Wells on STRIP 3
API numberWell no.Status
42-003-424101Shut-in
42-003-429672Active
42-003-435113Shut-in
42-003-439644Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers40Feb 24, 2026–
Midcon Gathering LLCOilGathers30Feb 24, 2026–
Plains Marketing, L.p.OilGathers30Feb 24, 2026–
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017–
Midcon Gathering LLCOilGathers100Feb 25, 2025Feb 24, 2026
Ngl Crude Logistics, LLCOilGathers100May 1, 2018Feb 25, 2025

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

Who buys my oilOil price check

388.20 acres on the newest permit

Permits for Strip 3
API numberWell no.Acreson the permit
42-003-439644388.20
42-003-435113388.20
42-003-429672388.20
42-003-424101388.20

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

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36 months, newest first

Ledger for STRIP 3
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Sabalo II00000$80.46$2.89
Jun 2026Sabalo II0010100$84.81$3.15
May 2026Sabalo II0027270$102.13$2.94
Apr 2026Sabalo II017326260$100.32$2.77
Mar 2026Sabalo II0030300$91.38$3.04
Feb 2026Sabalo II45024240$64.51$3.62
Jan 2026Sabalo II0036360$60.04$7.72
Dec 2025Sabalo II0029290$57.97$4.26
Nov 2025Sabalo II83055550$60.06$3.79
Oct 2025Sabalo II16037370$60.89$3.19
Sep 2025Sabalo II411871201200$63.96$2.97
Aug 2025Sabalo II9701061060$64.86$2.91
Jul 2025Sabalo II83093930$68.39$3.20
Jun 2025Sabalo II8312249490$68.17$3.02
May 2025Sabalo II11717849490$62.17$3.12
Apr 2025Sabalo II6767172252250$63.54$3.42
Mar 2025Sabalo II70021210$68.24$4.12
Feb 2025Sabalo II00000$71.53$4.19
Jan 2025Sabalo II30000$75.74$4.13
Dec 2024Sabalo II00000$70.12$3.01
Nov 2024Sabalo II00000$69.95$2.12
Oct 2024Sabalo II00000$71.99$2.20
Sep 2024Sabalo II3010000$70.24$2.28
Aug 2024Sabalo II0355000$76.68$1.99
Jul 2024Sabalo II001571570$81.80$2.07
Jun 2024Sabalo II001511510$79.77$2.54
May 2024Montrose Operating001651650$80.02$2.12
Apr 2024Montrose Operating001711710$85.35$1.60
Mar 2024Montrose Operating001471470$81.28$1.49
Feb 2024Montrose Operating001181180$77.25$1.72
Jan 2024Montrose Operating002862860$74.15$3.18
Dec 2023Montrose Operating002692690$71.90$2.52
Nov 2023Montrose Operating002802800$77.69$2.71
Oct 2023Montrose Operating001431430$85.64$2.98
Sep 2023Montrose Operating001311310$89.43$2.64
Aug 2023Montrose Operating002352350$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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This lease belongs to

OperatorSabalo II Operating, LLCFieldSpraberry (Trend Area)CountyAndrews County

Sabalo II Operating, LLC in Andrews County

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Spraberry (Trend Area) field

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