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Texas oil lease

Producing

TEXAS -Z-

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

13 wells

1,825bbl oil, last 12 months−15% vs prior year
Operator
L & M Operating, Inc.
County
Reagan County
Field
Price (Grayburg)
RRC lease
7C-04205

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
4,144 mcf
Oil in Jul 2026
185 bbl

Production by month

Oil output fell 15% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 15% over the last 12 monthsMonthly oil production and gas for TEXAS -Z-, Aug 2023 to Jul 2026. Oil output fell 15% over the last 12 months. 1,825 bbl in the 12 months through Jul 2026, against 2,150 bbl in the 12 months before.Last 12 months: 1,825 bblbbl per monthmcf per month00100100200200300300400400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 15% over the last 12 monthsMonthly oil production and gas for TEXAS -Z-, Aug 2023 to Jul 2026. Oil output fell 15% over the last 12 months. 1,825 bbl in the 12 months through Jul 2026, against 2,150 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00100100200200300300400400Jan 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 -Z- 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 -Z- 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%.

13 wells on this lease

Wells on TEXAS -Z-
API numberWell no.Status
42-383-005014Active
42-383-101125Active
42-383-102141Active
42-383-102172Active
42-383-102193Active
42-383-311736Active
42-383-314187Active
42-383-314198Active
42-383-315819Active
42-383-3181510Active
42-383-3266311Active
42-383-3350112Active
42-383-3804513Active

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

334.04 acres on the newest permit

The wells on this lease state different acreage

The permits state between 334 and 800 acres.

13 wells are listed on this lease

Permits for Texas -Z-
API numberWell no.Acreson the permit
42-383-3804513334.04
42-383-3350112800
42-383-3266311800
42-383-3181510334
42-383-315819334
42-383-314187334
42-383-314198334
42-383-311736334
42-383-005014–
42-383-101125–
42-383-102141–
42-383-102172–

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

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36 months, newest first

Ledger for TEXAS -Z-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261851663520352$80.46$2.89
Jun 20261631673500350$84.81$3.15
May 20261421613520352$102.13$2.94
Apr 20261291653510351$100.32$2.77
Mar 20261911663520352$91.38$3.04
Feb 20261781643500350$64.51$3.62
Jan 20261341683510351$60.04$7.72
Dec 20251861653450345$57.97$4.26
Nov 20251171663500350$60.06$3.79
Oct 20251301643700370$60.89$3.19
Sep 202514203900390$63.96$2.97
Aug 20251281642310231$64.86$2.91
Jul 20251571662300230$68.39$3.20
Jun 20251611663500350$68.17$3.02
May 20252023332170217$62.17$3.12
Apr 20251831673100310$63.54$3.42
Mar 202517701850185$68.24$4.12
Feb 20251823342400240$71.53$4.19
Jan 202515601800180$75.74$4.13
Dec 20242021702790279$70.12$3.01
Nov 20241493341700170$69.95$2.12
Oct 20241861662700270$71.99$2.20
Sep 20242071642710271$70.24$2.28
Aug 20241881651780178$76.68$1.99
Jul 20241671681780178$81.80$2.07
Jun 20241791661750175$79.77$2.54
May 20242351661780178$80.02$2.12
Apr 20241471691750175$85.35$1.60
Mar 20241621682480248$81.28$1.49
Feb 20241683332790279$77.25$1.72
Jan 20241731631650165$74.15$3.18
Dec 20231861652480248$71.90$2.52
Nov 20231851811450145$77.69$2.71
Oct 202318501450145$85.64$2.98
Sep 20231353361520152$89.43$2.64
Aug 20232571621500150$81.39$2.58

Flared above 3%

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