Texas oil lease
ProducingSTUDLEY CW SOUTH M 23-13
Studley CW South M 23-13 is an oil lease in Reagan County, Texas, operated by De Central Operating, LLC in the Spraberry (Trend Area) field.
2 wells
- Operator
- De Central Operating, LLC
- County
- Reagan County
- RRC lease
- 7C-22486
Is your check right?
Where it sits
This county
- Gas, last 12 months
- 708,133 mcf
- Oil in Jul 2026
- 3,921 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 65% 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
Flaring peaked at 9.2% of the gas in Jul 2024.
- Processing plant (3)
- Flared (4)
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
Processing plant (3)
100% · 707,052 mcf
Flared (4)
0.2% · 1,081 mcf
0.2% of the gas flared in the last 12 months. 4 months 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 May 2024 to Feb 2025
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
2 wells on this lease
| API number | Well no. | Status |
|---|---|---|
| 42-383-41482 | 4413H | Active |
| 42-383-41483 | 4213H | Active |
SourceTexas Railroad Commission Wellbore Query.
Buyers and gatherers
| Company | Product | Role | Share% | From | Until |
|---|---|---|---|---|---|
| Medallion Operating Company, LLC | Oil | Gathers | 100 | May 1, 2024 | – |
| Targa Pl Mid-Cont Westtex LLC | Casinghead gas | Buys | 56 | Mar 1, 2025 | – |
| Brazos Midland Gas, LLC | Casinghead gas | Buys | 44 | Mar 1, 2025 | – |
| Targa Pl Mid-Cont Westtex LLC | Casinghead gas | Gathers | 56 | Mar 1, 2025 | – |
| Brazos Midland Gas, LLC | Casinghead gas | Gathers | 44 | Mar 1, 2025 | – |
| Brazos Midland Gas, LLC | Casinghead gas | Gathers | 22 | May 1, 2024 | Mar 1, 2025 |
| Targa Pl Mid-Cont Westtex LLC | Casinghead gas | Gathers | 78 | May 1, 2024 | Mar 1, 2025 |
| Brazos Midland Gas, LLC | Casinghead gas | Buys | 22 | May 1, 2024 | Mar 1, 2025 |
| Targa Pl Mid-Cont Westtex LLC | Casinghead gas | Buys | 78 | May 1, 2024 | Mar 1, 2025 |
SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).
526.66 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 |
|---|---|---|---|---|
| 42-383-41482 | 4413H | Aug 16, 2023 | Dec 10, 2023 | 526.66 |
| 42-383-41483 | 4213H | Aug 16, 2023 | Dec 29, 2023 | 526.66 |
Estimate your royalty
27 months, newest first
| Month | Oil producedbbl | Oil soldbbl | Gas producedmcf | Gas soldmcf, codes 2+3 | Flaredmcf | WTI$/bbl | Henry Hub$/MMBtu |
|---|---|---|---|---|---|---|---|
| Jul 2026De Central | 3,921 | 3,958 | 60,293 | 60,293 | 0 | $80.46 | $2.89 |
| Jun 2026De Central | 4,420 | 4,421 | 66,252 | 66,252 | 0 | $84.81 | $3.15 |
| May 2026De Central | 4,888 | 4,829 | 70,960 | 70,960 | 0 | $102.13 | $2.94 |
| Apr 2026De Central | 4,640 | 4,667 | 67,302 | 67,302 | 0 | $100.32 | $2.77 |
| Mar 2026De Central | 4,984 | 4,950 | 55,964 | 55,738 | 226 | $91.38 | $3.04 |
| Feb 2026De Central | 5,199 | 5,180 | 44,501 | 44,501 | 0 | $64.51 | $3.62 |
| Jan 2026De Central | 4,896 | 4,855 | 51,756 | 51,744 | 12 | $60.04 | $7.72 |
| Dec 2025De Central | 5,438 | 5,443 | 60,101 | 59,864 | 237 | $57.97 | $4.26 |
| Nov 2025De Central | 5,920 | 5,901 | 58,774 | 58,734 | 40 | $60.06 | $3.79 |
| Oct 2025De Central | 6,981 | 7,006 | 62,616 | 62,059 | 557 | $60.89 | $3.19 |
| Sep 2025De Central | 6,920 | 6,908 | 52,331 | 52,324 | 7 | $63.96 | $2.97 |
| Aug 2025De Central | 7,372 | 7,393 | 57,283 | 57,281 | 2 | $64.86 | $2.91 |
| Jul 2025De Central | 8,146 | 8,120 | 62,316 | 62,302 | 14 | $68.39 | $3.20 |
| Jun 2025De Central | 8,228 | 8,233 | 65,427 | 65,245 | 182 | $68.17 | $3.02 |
| May 2025De Central | 9,706 | 9,678 | 77,464 | 77,462 | 2 | $62.17 | $3.12 |
| Apr 2025De Central | 10,103 | 10,108 | 73,811 | 73,763 | 48 | $63.54 | $3.42 |
| Mar 2025De Central | 11,286 | 11,326 | 74,090 | 74,011 | 79 | $68.24 | $4.12 |
| Feb 2025De IV | 11,562 | 11,541 | 75,954 | 75,934 | 20 | $71.53 | $4.19 |
| Jan 2025De IV | 14,411 | 14,397 | 85,140 | 84,830 | 310 | $75.74 | $4.13 |
| Dec 2024De IV | 16,704 | 16,710 | 88,849 | 88,849 | 0 | $70.12 | $3.01 |
| Nov 2024De IV | 19,505 | 19,513 | 91,690 | 91,628 | 62 | $69.95 | $2.12 |
| Oct 2024De IV | 22,866 | 22,874 | 96,827 | 96,328 | 499 | $71.99 | $2.20 |
| Sep 2024De IV | 24,858 | 24,862 | 86,225 | 85,273 | 952 | $70.24 | $2.28 |
| Aug 2024De IV | 30,934 | 30,941 | 96,282 | 91,024 | 5,258 | $76.68 | $1.99 |
| Jul 2024De IV | 43,471 | 43,568 | 93,268 | 84,643 | 8,625 | $81.80 | $2.07 |
| Jun 2024De IV | 51,580 | 51,480 | 55,949 | 53,252 | 2,697 | $79.77 | $2.54 |
| May 2024De IV | 14,236 | 14,125 | 11,234 | 10,670 | 564 | $80.02 | $2.12 |
Flared above 3%
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
- HONEY SF WEST A 11-12
75,575 bbl
- STUDLEY CKO WEST A 29-22
57,421 bbl
- HONEY SF EAST O 11-12
63,118 bbl
- HELLCAT WEST G 1-12
84,600 bbl
- DAUNTLESS WEST E 22-11
86,948 bbl
- STATE PINK FLOYD WEST G 1218-2
70,632 bbl
- OG WEST A 1220-1219
79,499 bbl
- OG WEST D 1220-1219
75,442 bbl
- PRIME WEST A 19-22
52,623 bbl
- MERCHANT ESTATE WEST A 16-23
71,521 bbl
Spraberry (Trend Area) field
- DRIVER WILDE 28-21E
78,642 bbl
- HOBBITON D
86,862 bbl
- BONNIE 11
88,705 bbl
- TURNER E2-1202C
87,306 bbl
- SKELETOR G
70,141 bbl
- HELLCAT WEST G 1-12
84,600 bbl
- JACK 25C-13-A
74,984 bbl
- DAUNTLESS WEST E 22-11
86,948 bbl
- COWTOWNS CAT 3903E
81,509 bbl
- HUGHES R
76,806 bbl
Leases within 10 km
- STUDLEY CW SOUTH O 23-13
44,895 bbl · 0 km
- STUDLEY CW SOUTH K 23-13
37,034 bbl · 0 km
- STUDLEY CW SOUTH I 23-13
72,148 bbl · 0 km
- HUGHES -E-
616 bbl · 0 km
- COOL WATER NORTH J 13-7
10,698 bbl · 0.3 km
- COOL WATER NORTH I 13-7
13,634 bbl · 0.3 km
- HUGHES 13
498 bbl · 0.8 km
- TRIGG, KATHERINE
247 bbl · 0.9 km
- HUGHES ALPINE WEST 18
1,730 bbl · 0.9 km
- TRIGG 18 A
0 bbl · 0.9 km
Drilling permits within 10 km
SIDEWINDER WEST E 12-8 #4205H
new drill · horizontal · De Central Operating, LLC · Reagan County · 1.3 km
Permit 0917158 · Aug 11, 2026
SIDEWINDER WEST E 12-8 #4405H
new drill · horizontal · De Central Operating, LLC · Reagan County · 1.3 km
Permit 0917157 · Aug 11, 2026
SIDEWINDER WEST A 12-8 #4201H
new drill · horizontal · De Central Operating, LLC · Reagan County · 1.3 km
Permit 0917155 · Aug 11, 2026
SIDEWINDER WEST G 12-8 #4307H
new drill · horizontal · De Central Operating, LLC · Reagan County · 1.3 km
Permit 0917159 · Aug 11, 2026
SIDEWINDER WEST C 12-8 #4303H
new drill · horizontal · De Central Operating, LLC · Reagan County · 1.3 km
Permit 0917156 · Aug 11, 2026