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Texas oil lease

Producing

TXL PEGASUS

TXL Pegasus is an oil lease in Upton County, Texas, operated by Cog Operating LLC in the Pegasus, S. (Bend) field.

2 wells

528bbl oil, last 12 months−5% vs prior year
RRC lease
7C-13268

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
17,825 mcf
Oil in Jul 2026
1 bbl

Production by month

Oil output fell 5% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 5% over the last 12 monthsMonthly oil production and gas for TXL PEGASUS, Aug 2023 to Jul 2026. Oil output fell 5% over the last 12 months. 528 bbl in the 12 months through Jul 2026, against 554 bbl in the 12 months before.Last 12 months: 528 bblbbl per monthmcf per month00501,0001002,0001503,0002004,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 5% over the last 12 monthsMonthly oil production and gas for TXL PEGASUS, Aug 2023 to Jul 2026. Oil output fell 5% over the last 12 months. 528 bbl in the 12 months through Jul 2026, against 554 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00501,0001002,0001503,0002004,000Jan 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 TXL PEGASUS 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 TXL PEGASUS 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 once, most recently in Aug 2020

Operators of this lease over timeSM Energy Company, Jan 2020 to Jul 2020; Cog Operating LLC, Aug 2020 to Jul 20262020202120222023202420252026Changed Aug 2020SM Energy CompanyJan 2020 to Jul 2020Cog Operating LLCAug 2020 to now
Operators of this lease over timeSM Energy Company, Jan 2020 to Jul 2020; Cog Operating LLC, Aug 2020 to Jul 20262020202120222023202420252026Changed Aug 2020SM Energy CompanyJan 2020 to Jul 2020Cog Operating LLCAug 2020 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on TXL PEGASUS
API numberWell no.Status
42-461-332271Active
42-461-333582Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers100Mar 1, 2017–
Dcp Operating Company, LPCasinghead gasBuys100Aug 6, 2020–
Dcp Operating Company, LPCasinghead gasGathers100Aug 6, 2020–
Chevron U. S. A. Inc.Casinghead gasGathers100Jun 1, 2002Aug 6, 2020
Chevron U. S. A. Inc.Casinghead gasBuys100Mar 1, 2017Aug 6, 2020

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

480 acres on the newest permit

Permits for TXL Pegasus
API numberWell no.Acreson the permit
42-461-333582480
42-461-332271480

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 PEGASUS
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Cog Operating103653650$80.46$2.89
Jun 2026Cog Operating1709599590$84.81$3.15
May 2026Cog Operating291787657650$102.13$2.94
Apr 2026Cog Operating5401,4191,4190$100.32$2.77
Mar 2026Cog Operating931731,1591,1590$91.38$3.04
Feb 2026Cog Operating001,3401,3400$64.51$3.62
Jan 2026Cog Operating001,4971,4970$60.04$7.72
Dec 2025Cog Operating001,6341,6340$57.97$4.26
Nov 2025Cog Operating10902,1352,1350$60.06$3.79
Oct 2025Cog Operating951682,3282,3280$60.89$3.19
Sep 2025Cog Operating8902,1932,1930$63.96$2.97
Aug 2025Cog Operating4102,0312,0310$64.86$2.91
Jul 2025Cog Operating961661,6471,6470$68.39$3.20
Jun 2025Cog Operating802,3082,3080$68.17$3.02
May 2025Cog Operating801,5171,5170$62.17$3.12
Apr 2025Cog Operating3101,8641,8640$63.54$3.42
Mar 2025Cog Operating3002,1222,1220$68.24$4.12
Feb 2025Cog Operating391751,9211,9210$71.53$4.19
Jan 2025Cog Operating2302,7462,7460$75.74$4.13
Dec 2024Cog Operating203,1083,1080$70.12$3.01
Nov 2024Cog Operating7603,1613,1610$69.95$2.12
Oct 2024Cog Operating701733,2273,2270$71.99$2.20
Sep 2024Cog Operating903,2653,2650$70.24$2.28
Aug 2024Cog Operating1621673,5373,5370$76.68$1.99
Jul 2024Cog Operating7603,1583,1580$81.80$2.07
Jun 2024Cog Operating1001572,0162,0160$79.77$2.54
May 2024Cog Operating590000$80.02$2.12
Apr 2024Cog Operating7502,4492,4490$85.35$1.60
Mar 2024Cog Operating1021853,1633,1630$81.28$1.49
Feb 2024Cog Operating1081842,8112,8110$77.25$1.72
Jan 2024Cog Operating12303,0613,0610$74.15$3.18
Dec 2023Cog Operating971753,1183,1180$71.90$2.52
Nov 2023Cog Operating10103,0563,0560$77.69$2.71
Oct 2023Cog Operating1071743,0743,0740$85.64$2.98
Sep 2023Cog Operating8802,9732,9730$89.43$2.64
Aug 2023Cog Operating681643,0423,0420$81.39$2.58

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

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Nearby

Cog Operating LLC in Upton County

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Pegasus, S. (Bend) field

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