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Texas oil lease

Producing

TERRY, I. W.

Terry, I. W. is an oil lease in Sterling County, Texas, operated by P1 Energy, LLC in the Spraberry (Trend Area) field.

6 wells

6,264bbl oil, last 12 months−8% vs prior year
Operator
P1 Energy, LLC
County
Sterling County
Field
Spraberry (Trend Area)
RRC lease
08-45666

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Where it sits

This county

Sterling CountySterlingTom GreenMitchellNolanGlasscockHowardCokeSterling County
Sterling County
Gas, last 12 months
23,975 mcf
Oil in Jun 2026
549 bbl

Production by month

Oil output fell 8% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 8% over the last 12 monthsMonthly oil production and gas for TERRY, I. W., Aug 2023 to Jul 2026. Oil output fell 8% over the last 12 months. 5,252 bbl in the 12 months through Jul 2026, against 5,726 bbl in the 12 months before.Last 12 months: 5,252 bblbbl per monthmcf per month002501,0005002,0007503,0001,0004,0001,2505,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 8% over the last 12 monthsMonthly oil production and gas for TERRY, I. W., Aug 2023 to Jul 2026. Oil output fell 8% over the last 12 months. 5,252 bbl in the 12 months through Jul 2026, against 5,726 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002501,0005002,0007503,0001,0004,0001,2505,000Jan 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 TERRY, I. W. 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 TERRY, I. W. 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 Jan 2023

Operators of this lease over timeIndependence Resources Mgmt, LLC, Jan 2020 to Mar 2021; Earthstone Operating, LLC, Apr 2021 to Dec 2022; P1 Energy, LLC, Jan 2023 to Jun 20262020202120222023202420252026Changed Apr 2021Changed Jan 2023Independence Resources Mgmt,…Jan 2020 to Mar 2021Earthstone Operating, LLCApr 2021 to Dec 2022P1 Energy, LLCJan 2023 to now
Operators of this lease over timeIndependence Resources Mgmt, LLC, Jan 2020 to Mar 2021; Earthstone Operating, LLC, Apr 2021 to Dec 2022; P1 Energy, LLC, Jan 2023 to Jun 20262020202120222023202420252026Changed Apr 2021Changed Jan 2023Independence Resources Mgmt, LLCJan 2020 to Mar 2021Earthstone Operating, LLCApr 2021 to Dec 2022P1 Energy, LLCJan 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

6 wells on this lease

Wells on TERRY, I. W.
API numberWell no.Status
42-173-310525Active
42-431-308493Active
42-431-308594Active
42-431-308998Active
42-431-3099410Active
42-431-3105414Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Bml, Inc. BOilGathers100Jul 1, 2023–
Targa Midstream Services LLCCasinghead gasBuys100Aug 1, 2015–
Targa Midstream Services LLCCasinghead gasGathers100May 20, 2014–
Rio Energy International, Inc.OilGathers100Jul 1, 2021Jul 1, 2023
Transoil Marketing, LLCOilGathers100Mar 1, 2021Jul 1, 2021
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100Aug 1, 2015Mar 1, 2021

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

Who buys my oilOil price check

1,395.80 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 1,365 and 1,395.8 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    14 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.

Check your decimal on this lease
Permits for Terry, I. W.
API numberWell no.Acreson the permit
42-431-3077421,395.80
42-431-31402171,395.80
42-431-3084931,365
42-431-33059211,395.80
42-173-3105251,395.80
42-431-3089981,395.80
42-431-30994101,395.80
42-431-31054141,395.80
42-431-3085941,395.80
42-431-3073011,365
42-431-30993111,365.60
42-431-31117151,365

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for TERRY, I. W.
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026P1 Energy,5498141,6781,6780$84.81$3.15
May 2026P1 Energy,5858342,0462,0460$102.13$2.94
Apr 2026P1 Energy,37501,9931,9930$100.32$2.77
Mar 2026P1 Energy,3985212,0692,0690$91.38$3.04
Feb 2026P1 Energy,3883331,8671,8670$64.51$3.62
Jan 2026P1 Energy,6023272,0722,0720$60.04$7.72
Dec 2025P1 Energy,3246702,2892,2890$57.97$4.26
Nov 2025P1 Energy,4353351,2221,2220$60.06$3.79
Oct 2025P1 Energy,5098151,8891,8890$60.89$3.19
Sep 2025P1 Energy,51302,2312,2310$63.96$2.97
Aug 2025P1 Energy,5741,0502,2272,2270$64.86$2.91
Jul 2025P1 Energy,1,0126912,3922,3920$68.39$3.20
Jun 2025P1 Energy,3663101,7011,7010$68.17$3.02
May 2025P1 Energy,3776371,8791,8790$62.17$3.12
Apr 2025P1 Energy,3801561,8001,8000$63.54$3.42
Mar 2025P1 Energy,4314921,9721,9720$68.24$4.12
Feb 2025P1 Energy,4123181,8211,8210$71.53$4.19
Jan 2025P1 Energy,4514942,0422,0420$75.74$4.13
Dec 2024P1 Energy,4544742,0822,0820$70.12$3.01
Nov 2024P1 Energy,4164682,5552,5550$69.95$2.12
Oct 2024P1 Energy,4926172,8162,8160$71.99$2.20
Sep 2024P1 Energy,4903052,4962,4960$70.24$2.28
Aug 2024P1 Energy,4453042,3862,3860$76.68$1.99
Jul 2024P1 Energy,4798482,5102,5100$81.80$2.07
Jun 2024P1 Energy,5714772,7492,7490$79.77$2.54
May 2024P1 Energy,5893242,8892,8890$80.02$2.12
Apr 2024P1 Energy,7261,0092,7972,7970$85.35$1.60
Mar 2024P1 Energy,5754932,7612,7610$81.28$1.49
Feb 2024P1 Energy,5185032,6422,6420$77.25$1.72
Jan 2024P1 Energy,4915062,8752,8750$74.15$3.18
Dec 2023P1 Energy,9019832,8502,8500$71.90$2.52
Nov 2023P1 Energy,7748372,7542,7540$77.69$2.71
Oct 2023P1 Energy,6295252,3392,3390$85.64$2.98
Sep 2023P1 Energy,4375022,7682,7680$89.43$2.64
Aug 2023P1 Energy,5053352,7342,7340$81.39$2.58

No report filed

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

OperatorP1 Energy, LLCFieldSpraberry (Trend Area)CountySterling County

P1 Energy, LLC in Sterling County

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Spraberry (Trend Area) field

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