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Texas oil lease

Producing

TXL "23"

TXL "23" is an oil lease in Midland County, Texas, operated by Cog Operating LLC in the Spraberry (Trend Area) field.

8 wells

11,825bbl oil, last 12 months−21% vs prior year
RRC lease
08-36677

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
23,580 mcf
Oil in Jul 2026
827 bbl

Production by month

Oil output fell 21% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 21% over the last 12 monthsMonthly oil production and gas for TXL "23", Aug 2023 to Jul 2026. Oil output fell 21% over the last 12 months. 11,825 bbl in the 12 months through Jul 2026, against 14,994 bbl in the 12 months before.Last 12 months: 11,825 bblbbl per monthmcf per month001,0001,0002,0002,0003,0003,0004,0004,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 21% over the last 12 monthsMonthly oil production and gas for TXL "23", Aug 2023 to Jul 2026. Oil output fell 21% over the last 12 months. 11,825 bbl in the 12 months through Jul 2026, against 14,994 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0001,0002,0002,0003,0003,0004,0004,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

96% of the gas went to a processing plant in the last 12 months

Flaring peaked at 7.4% of the gas in Nov 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
96% of the gas went to a processing plant in the last 12 monthsShare of TXL "23" gas by disposition code each month, Aug 2023 to Jul 2026. 96% of the gas went to a processing plant in the last 12 months. Flaring peaked at 7.4% of the gas in Nov 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 7.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
96% of the gas went to a processing plant in the last 12 monthsShare of TXL "23" gas by disposition code each month, Aug 2023 to Jul 2026. 96% of the gas went to a processing plant in the last 12 months. Flaring peaked at 7.4% of the gas in Nov 2025.Share of gas by disposition code0%50%100%Flared 7.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    96% · 22,715 mcf

  • Lease fuel (1)

    2.5% · 585 mcf

  • Flared (4)

    1.2% · 280 mcf

1.2% of the gas flared in the last 12 months. 2 months above 3%.

Who has run this lease

The operator changed once, most recently in Nov 2020

Operators of this lease over timeEndeavor Energy Resources L.P., Jan 2020 to Oct 2020; Cog Operating LLC, Nov 2020 to Jul 20262020202120222023202420252026Changed Nov 2020Endeavor Energy Resources L.P.Jan 2020 to Oct 2020Cog Operating LLCNov 2020 to now
Operators of this lease over timeEndeavor Energy Resources L.P., Jan 2020 to Oct 2020; Cog Operating LLC, Nov 2020 to Jul 20262020202120222023202420252026Changed Nov 2020Endeavor Energy Resources L.P.Jan 2020 to Oct 2020Cog Operating LLCNov 2020 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

8 wells on this lease

Wells on TXL "23"
API numberWell no.Status
42-329-345631Active
42-329-345652Shut-in
42-329-346923Shut-in
42-329-347254Active
42-329-347595Active
42-329-348356Shut-in
42-329-349597Active
42-329-350338Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Jun 1, 2026–
Dcp Operating Company, LPCasinghead gasBuys100Nov 5, 2020–
Dcp Operating Company, LPCasinghead gasGathers100Nov 5, 2020–
Oasis Transp & Marketing Corp.OilGathers100Oct 1, 2019Jun 1, 2026
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017Oct 1, 2019
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017Oct 1, 2019
Enterprise Crude Oil LLCOilGathers100Mar 1, 2018Oct 1, 2019

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

640 acres on the newest permit

8 wells are listed on this lease

Permits for TXL "23"
API numberWell no.Acreson the permit
42-329-350338640
42-329-349597640
42-329-348356640
42-329-347595640
42-329-347254640
42-329-346923640
42-329-345652640
42-329-345631640

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

What ConocoPhillips told investors it received

Cog Operating LLC is linked to ConocoPhillips (COP).
Realized prices reported by ConocoPhillips
QuarterOil$ per bblFiling
Q2 2026$99.40SEC filing
Q1 2026$73.47SEC filing
Q3 2025$66.13SEC filing
Q2 2025$64.23SEC filing
Q1 2025$71.65SEC filing
Q3 2024$76.77SEC filing

SourceConocoPhillips quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for TXL "23"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Cog Operating8277002,4342,3840$80.46$2.89
Jun 2026Cog Operating8808992,2172,1690$84.81$3.15
May 2026Cog Operating9569372,2142,1640$102.13$2.94
Apr 2026Cog Operating9429461,6131,49768$100.32$2.77
Mar 2026Cog Operating7287471,2971,2470$91.38$3.04
Feb 2026Cog Operating8597491,4291,3860$64.51$3.62
Jan 2026Cog Operating1,1461,4891,7411,6910$60.04$7.72
Dec 2025Cog Operating1,4571,1381,8621,77735$57.97$4.26
Nov 2025Cog Operating1,0039262,3812,156177$60.06$3.79
Oct 2025Cog Operating1,0331,1082,3842,3340$60.89$3.19
Sep 2025Cog Operating1,0481,3032,2082,1600$63.96$2.97
Aug 2025Cog Operating9461,1041,8001,7500$64.86$2.91
Jul 2025Cog Operating1,3831,1232,3932,3430$68.39$3.20
Jun 2025Cog Operating1,1131,1232,1812,1330$68.17$3.02
May 2025Cog Operating1,2491,0832,5002,4500$62.17$3.12
Apr 2025Cog Operating1,0931,1032,1512,1030$63.54$3.42
Mar 2025Cog Operating1,4791,6812,5882,5380$68.24$4.12
Feb 2025Cog Operating1,3431,4532,4092,3640$71.53$4.19
Jan 2025Cog Operating1,8231,6922,7192,6690$75.74$4.13
Dec 2024Cog Operating1,3111,1942,1772,1270$70.12$3.01
Nov 2024Cog Operating1,1681,1171,7531,7050$69.95$2.12
Oct 2024Cog Operating5787459488980$71.99$2.20
Sep 2024Cog Operating1,4781,6512,2172,1690$70.24$2.28
Aug 2024Cog Operating9761,0991,0169660$76.68$1.99
Jul 2024Cog Operating9567351,0299790$81.80$2.07
Jun 2024Cog Operating1,3851,4421,4671,4190$79.77$2.54
May 2024Cog Operating1,9921,957000$80.02$2.12
Apr 2024Cog Operating2,2572,2042,1172,0690$85.35$1.60
Mar 2024Cog Operating2,0992,1951,7221,6720$81.28$1.49
Feb 2024Cog Operating1,8361,8301,6081,5620$77.25$1.72
Jan 2024Cog Operating1,4791,4541,1611,1230$74.15$3.18
Dec 2023Cog Operating2,4792,1951,9301,8800$71.90$2.52
Nov 2023Cog Operating2,2672,1731,7411,6930$77.69$2.71
Oct 2023Cog Operating2,6322,9271,6421,5920$85.64$2.98
Sep 2023Cog Operating2,4652,5361,3461,2980$89.43$2.64
Aug 2023Cog Operating3,5583,5052,5032,4530$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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