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Texas oil lease

Producing

TEXAS -Y-

Texas -Y- is an oil lease in Reagan County, Texas, operated by L & M Operating, Inc. in the Price (Grayburg) field.

24 wells

7,138bbl oil, last 12 months−6% vs prior year
Operator
L & M Operating, Inc.
County
Reagan County
Field
Price (Grayburg)
RRC lease
7C-04156

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
6,928 mcf
Oil in Jul 2026
600 bbl

Production by month

Oil output fell 6% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 6% over the last 12 monthsMonthly oil production and gas for TEXAS -Y-, Aug 2023 to Jul 2026. Oil output fell 6% over the last 12 months. 7,138 bbl in the 12 months through Jul 2026, against 7,560 bbl in the 12 months before.Last 12 months: 7,138 bblbbl per monthmcf per month00200200400400600600800800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 6% over the last 12 monthsMonthly oil production and gas for TEXAS -Y-, Aug 2023 to Jul 2026. Oil output fell 6% over the last 12 months. 7,138 bbl in the 12 months through Jul 2026, against 7,560 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00200200400400600600800800Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Aug 2023.

All of the gas went to flaring in the last 12 monthsShare of TEXAS -Y- gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to flaring in the last 12 monthsShare of TEXAS -Y- gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

100.0% of the gas flared in the last 12 months. 36 months above 3%.

24 wells on this lease

Wells on TEXAS -Y-
API numberWell no.Status
42-383-102095Active
42-383-102107Active
42-383-102118Active
42-383-102126Active
42-383-102151Active
42-383-102162Active
42-383-102183Active
42-383-102204Active
42-383-308179Active
42-383-3120310Active
42-383-3142511Active
42-383-3158212Active
42-383-3181615Active
42-383-3211716Active
42-383-3211817Active
42-383-3235820Active
42-383-3290518Active
42-383-3291919Active
42-383-3485821Active
42-383-3509614Active
42-383-3536122Active
42-383-3543424Active
42-383-3551223Active
42-383-3585225Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Shell Trading (Us) CompanyOilGathers100Jan 1, 2011
Davis Gas Processing, Inc.Casinghead gasBuys100Jan 1, 2011
Davis Gas Processing, Inc.Casinghead gasGathers100Jan 1, 2011

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

Who buys my oilOil price check

816 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 800 and 817 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    24 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.

  • 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.

Check your decimal on this lease
Permits for Texas -Y-
API numberWell no.Acreson the permit
42-383-3585225816
42-383-3551223816
42-383-3543424816
42-383-3536122816
42-383-3509614816
42-383-3485821816
42-383-3291919817
42-383-3290518816
42-383-3235820816
42-383-3211716816
42-383-3211817816
42-383-3181615816

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

Unit decimal checker

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36 months, newest first

Ledger for TEXAS -Y-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20266006685940594$80.46$2.89
Jun 20265805075900590$84.81$3.15
May 20265784955920592$102.13$2.94
Apr 20265758375910591$100.32$2.77
Mar 20266545115920592$91.38$3.04
Feb 20267095075900590$64.51$3.62
Jan 20264505075910591$60.04$7.72
Dec 20256266725750575$57.97$4.26
Nov 20255896695900590$60.06$3.79
Oct 20255595005800580$60.89$3.19
Sep 20256328395750575$63.96$2.97
Aug 20255864984680468$64.86$2.91
Jul 20255906804720472$68.39$3.20
Jun 20256615015700570$68.17$3.02
May 20257298294650465$62.17$3.12
Apr 20256205025400540$63.54$3.42
Mar 20257066694600460$68.24$4.12
Feb 20257478356200620$71.53$4.19
Jan 20255646784180418$75.74$4.13
Dec 20247025095200520$70.12$3.01
Nov 20245566705550555$69.95$2.12
Oct 20244893325700570$71.99$2.20
Sep 20246086605400540$70.24$2.28
Aug 20245886695650565$76.68$1.99
Jul 20246468365600560$81.80$2.07
Jun 20246003275500550$79.77$2.54
May 20245885025580558$80.02$2.12
Apr 20246218365560556$85.35$1.60
Mar 20247054995800580$81.28$1.49
Feb 20247318334340434$77.25$1.72
Jan 20246056596100610$74.15$3.18
Dec 20236966576150615$71.90$2.52
Nov 20236116825420542$77.69$2.71
Oct 20235923345450545$85.64$2.98
Sep 20236057025450545$89.43$2.64
Aug 20236526755400540$81.39$2.58

Flared above 3%

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

OperatorL & M Operating, Inc.FieldPrice (Grayburg)CountyReagan County

L & M Operating, Inc. in Reagan County

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Price (Grayburg) field

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Drilling permits within 10 km