Texas oil lease
ProducingSTUDLEY AV I 23-5
Studley Av I 23-5 is an oil lease in Reagan County, Texas, operated by De Central Operating, LLC in the Spraberry (Trend Area) field.
1 well
- Operator
- De Central Operating, LLC
- County
- Reagan County
- RRC lease
- 7C-22594
Is your check right?
Where it sits
This county
- Gas, last 12 months
- 215,372 mcf
- Oil in Jul 2026
- 1,511 bbl
Checks stopped on this lease?
- Operator
Operator changed: De Central Operating, LLC took over from De IV Operating, LLC in Mar 2025.
- P-5
The previous operator's P-5 registration is listed as inactive since Jan 29, 2026 (last P-5 filed Jan 7, 2025).
SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.
See why checks stop on this leaseProduction by month
Oil output fell 62% over the last 12 months
- Oil (bars)
- Gas (line)
- Last 12 months
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
Where the gas went
Over 99% of the gas went to a processing plant in the last 12 months
- Processing plant (3)
- Flared (4)
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
Processing plant (3)
100% · 214,917 mcf
Flared (4)
0.2% · 455 mcf
0.2% of the gas flared in the last 12 months. No month above 3%.
Who has run this lease
The operator changed once, most recently in Mar 2025
- De Central Operating, LLC Mar 2025 to now
- De IV Operating, LLC Jun 2024 to Feb 2025
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
1 well on this lease
| API number | Well no. | Status |
|---|---|---|
| 42-383-41731 | 6209H | Active |
SourceTexas Railroad Commission Wellbore Query.
Buyers and gatherers
| Company | Product | Role | Share% | From | Until |
|---|---|---|---|---|---|
| Medallion Operating Company, LLC | Oil | Gathers | 100 | Jun 1, 2024 | – |
| Targa Pl Mid-Cont Westtex LLC | Casinghead gas | Buys | 82.70 | Mar 1, 2025 | – |
| Brazos Midland Gas, LLC | Casinghead gas | Buys | 17.30 | Mar 1, 2025 | – |
| Targa Pl Mid-Cont Westtex LLC | Casinghead gas | Gathers | 82.70 | Mar 1, 2025 | – |
| Brazos Midland Gas, LLC | Casinghead gas | Gathers | 17.30 | Mar 1, 2025 | – |
| Targa Pl Mid-Cont Westtex LLC | Casinghead gas | Gathers | 100 | Jun 1, 2024 | Mar 1, 2025 |
| Targa Pl Mid-Cont Westtex LLC | Casinghead gas | Buys | 100 | Jun 1, 2024 | Mar 1, 2025 |
SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).
610.33 acres on the newest permit
- Worth asking
An allocation well is on this lease
A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for 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.
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-383-41731 | 6209H | Apr 26, 2024 | May 31, 2024 | 610.33 |
Estimate your royalty
26 months, newest first
| Month | Oil producedbbl | Oil soldbbl | Gas producedmcf | Gas soldmcf, codes 2+3 | Flaredmcf | WTI$/bbl | Henry Hub$/MMBtu |
|---|---|---|---|---|---|---|---|
| Jul 2026De Central | 1,511 | 1,497 | 14,880 | 14,880 | 0 | $80.46 | $2.89 |
| Jun 2026De Central | 1,458 | 1,457 | 12,732 | 12,731 | 1 | $84.81 | $3.15 |
| May 2026De Central | 1,651 | 1,636 | 16,043 | 16,043 | 0 | $102.13 | $2.94 |
| Apr 2026De Central | 1,451 | 1,449 | 15,888 | 15,888 | 0 | $100.32 | $2.77 |
| Mar 2026De Central | 1,428 | 1,433 | 16,570 | 16,570 | 0 | $91.38 | $3.04 |
| Feb 2026De Central | 1,426 | 1,424 | 15,254 | 15,254 | 0 | $64.51 | $3.62 |
| Jan 2026De Central | 1,887 | 1,905 | 17,875 | 17,421 | 454 | $60.04 | $7.72 |
| Dec 2025De Central | 2,527 | 2,523 | 20,676 | 20,676 | 0 | $57.97 | $4.26 |
| Nov 2025De Central | 2,040 | 2,043 | 20,489 | 20,489 | 0 | $60.06 | $3.79 |
| Oct 2025De Central | 2,431 | 2,436 | 18,365 | 18,365 | 0 | $60.89 | $3.19 |
| Sep 2025De Central | 2,935 | 2,927 | 21,253 | 21,253 | 0 | $63.96 | $2.97 |
| Aug 2025De Central | 3,050 | 3,036 | 25,347 | 25,347 | 0 | $64.86 | $2.91 |
| Jul 2025De Central | 3,164 | 3,169 | 22,748 | 22,748 | 0 | $68.39 | $3.20 |
| Jun 2025De Central | 3,304 | 3,302 | 22,749 | 22,630 | 119 | $68.17 | $3.02 |
| May 2025De Central | 3,559 | 3,560 | 23,903 | 23,903 | 0 | $62.17 | $3.12 |
| Apr 2025De Central | 3,656 | 3,662 | 23,219 | 23,216 | 3 | $63.54 | $3.42 |
| Mar 2025De Central | 4,446 | 4,451 | 23,529 | 23,470 | 59 | $68.24 | $4.12 |
| Feb 2025De IV | 4,572 | 4,565 | 26,520 | 26,520 | 0 | $71.53 | $4.19 |
| Jan 2025De IV | 5,219 | 5,211 | 26,093 | 26,093 | 0 | $75.74 | $4.13 |
| Dec 2024De IV | 5,342 | 5,353 | 28,030 | 28,030 | 0 | $70.12 | $3.01 |
| Nov 2024De IV | 6,112 | 6,109 | 31,833 | 31,833 | 0 | $69.95 | $2.12 |
| Oct 2024De IV | 6,433 | 6,435 | 31,335 | 30,540 | 795 | $71.99 | $2.20 |
| Sep 2024De IV | 7,281 | 7,278 | 41,042 | 41,042 | 0 | $70.24 | $2.28 |
| Aug 2024De IV | 9,490 | 9,487 | 57,378 | 57,378 | 0 | $76.68 | $1.99 |
| Jul 2024De IV | 16,545 | 16,610 | 63,173 | 62,928 | 245 | $81.80 | $2.07 |
| Jun 2024De IV | 3,984 | 3,887 | 9,977 | 9,840 | 137 | $79.77 | $2.54 |
SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.
How to check your stub against this lease Checks stopped on this lease? See the likely reasonsDo your checks match this lease?
Nearby
This lease belongs to
De Central Operating, LLC in Reagan County
- STUDLEY CKO WEST C 29-22
18,235 bbl
- STUDLEY CKO WEST G 29-22
16,748 bbl
- RICK DINNER EAST M 1228-1227
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- PRINCE LB A1
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- HONEY SF EAST K 11-12
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- PRINCE UB A1
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- PRIME WEST G 19-22
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- PRIME EAST J 19-22
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- PRIME EAST N 19-22
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- PRIME EAST O 19-22
17,999 bbl
Spraberry (Trend Area) field
- BRYNN E
18,049 bbl
- RED HOTT CAT 4033G
20,012 bbl
- TSRH WEST 19-20 D
19,547 bbl
- LILA 41
31,248 bbl
- AVERY 35-11
26,965 bbl
- DORCUS JANEY (SA) M
30,602 bbl
- ZOEY 4-16A
16,323 bbl
- LILIAN 52
29,082 bbl
- WAVLE-BURKITT 1205B
28,201 bbl
- BENEDUM 3B
31,066 bbl
Leases within 10 km
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Drilling permits within 10 km
SIDEWINDER WEST A 12-8 #4401H
new drill · horizontal · De Central Operating, LLC · Reagan County · 2.9 km
Permit 0917154 · Aug 11, 2026
SIDEWINDER WEST E 12-8 #4405H
new drill · horizontal · De Central Operating, LLC · Reagan County · 2.9 km
Permit 0917157 · Aug 11, 2026
SIDEWINDER WEST E 12-8 #4205H
new drill · horizontal · De Central Operating, LLC · Reagan County · 2.9 km
Permit 0917158 · Aug 11, 2026
SIDEWINDER WEST C 12-8 #4303H
new drill · horizontal · De Central Operating, LLC · Reagan County · 2.9 km
Permit 0917156 · Aug 11, 2026
SIDEWINDER WEST G 12-8 #4307H
new drill · horizontal · De Central Operating, LLC · Reagan County · 2.9 km
Permit 0917159 · Aug 11, 2026