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Texas oil lease

Producing

VALENCE LM

Valence LM is an oil lease in Midland County, Texas, operated by Oxyrock Operating, LLC in the Spraberry (Trend Area) field.

1 well

34,685bbl oil, last 12 months−28% vs prior year
Operator
Oxyrock Operating, LLC
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-61072

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
203,640 mcf
Oil in Jul 2026
2,305 bbl

Production by month

Oil output fell 28% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for VALENCE LM, Nov 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 34,685 bbl in the 12 months through Jul 2026, against 48,168 bbl in the 12 months before.Last 12 months: 34,685 bblbbl per monthmcf per month005,00010k10k20k15k30k20k40kJan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for VALENCE LM, Nov 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 34,685 bbl in the 12 months through Jul 2026, against 48,168 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00010k10k20k15k30k20k40kJan 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

Flaring peaked at 4.1% of the gas in Jan 2024.

  • Processing plant (3)
  • Flared (4)
All of the gas went to a processing plant in the last 12 monthsShare of VALENCE LM gas by disposition code each month, Nov 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.1% of the gas in Jan 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 4.1%Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of VALENCE LM gas by disposition code each month, Nov 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.1% of the gas in Jan 2024.Share of gas by disposition code0%50%100%Flared 4.1%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 2024

Operators of this lease over timeCrownquest Operating, LLC, Nov 2023 to Jul 2024; Oxyrock Operating, LLC, Aug 2024 to Jul 2026202420252026Changed Aug 2024Crownquest Operating, LLCNov 2023 to Jul 2024Oxyrock Operating, LLCAug 2024 to now
Operators of this lease over timeCrownquest Operating, LLC, Nov 2023 to Jul 2024; Oxyrock Operating, LLC, Aug 2024 to Jul 2026202420252026Changed Aug 2024Crownquest Operating, LLCNov 2023 to Jul 2024Oxyrock Operating, LLCAug 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on VALENCE LM
API numberWell no.Status
42-329-4590014LMActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Transfer CompanyOilGathers80Jan 1, 2026–
Shell Trading (Us) CompanyOilGathers10Jan 1, 2026–
Buckhead Midstream, LLCOilGathers5Jan 1, 2026–
Plains Marketing, L.p.OilGathers5Jan 1, 2026–
Et Gathering & Processing LLCCasinghead gasBuys90Jan 1, 2026–
Coronado Midstream LLCCasinghead gasBuys5Jan 1, 2026–
Enterprise Products Operating LLCCasinghead gasBuys5Jan 1, 2026–
Energy Transfer CompanyCasinghead gasGathers90Jan 1, 2026–
Enlink Midstream Services, LLCCasinghead gasGathers5Jan 1, 2026–
Enterprise Products Operating LLCCasinghead gasGathers5Jan 1, 2026–
Energy Transfer CompanyCasinghead gasGathers50Oct 31, 2023Jan 1, 2026
Enterprise Products Operating LLCCasinghead gasGathers50Feb 1, 2025Jan 1, 2026
Enterprise Products Operating LLCCasinghead gasBuys50Feb 1, 2025Jan 1, 2026
Etc South Permian Midstream LLCCasinghead gasBuys50Feb 1, 2025Jan 1, 2026
Energy Transfer CompanyOilGathers50Feb 1, 2025Jan 1, 2026
Shell Trading (Us) CompanyOilGathers50Oct 31, 2023Jan 1, 2026

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

Who buys my oilOil price check

322.30 acres on the newest permit

An allocation well is on this lease

Permits for Valence LM
API numberWell no.Acreson the permit
42-329-4590014LM322.30

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

Unit decimal checker

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33 months, newest first

Ledger for VALENCE LM
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Oxyrock Operating,2,3052,23415,68015,6800$80.46$2.89
Jun 2026Oxyrock Operating,2,4242,42616,75416,7540$84.81$3.15
May 2026Oxyrock Operating,2,3282,34718,96818,9680$102.13$2.94
Apr 2026Oxyrock Operating,2,4752,48718,62818,6280$100.32$2.77
Mar 2026Oxyrock Operating,2,4682,46919,92819,9280$91.38$3.04
Feb 2026Oxyrock Operating,2,2602,28517,44617,4460$64.51$3.62
Jan 2026Oxyrock Operating,3,1443,12018,21718,2170$60.04$7.72
Dec 2025Oxyrock Operating,3,3913,42813,43213,4320$57.97$4.26
Nov 2025Oxyrock Operating,3,2793,30813,05613,0560$60.06$3.79
Oct 2025Oxyrock Operating,3,5973,52018,45918,4590$60.89$3.19
Sep 2025Oxyrock Operating,3,5853,58218,11518,1150$63.96$2.97
Aug 2025Oxyrock Operating,3,4293,45114,95714,9570$64.86$2.91
Jul 2025Oxyrock Operating,3,5843,52813,31913,3190$68.39$3.20
Jun 2025Oxyrock Operating,8128362,2252,2250$68.17$3.02
May 2025Oxyrock Operating,3,1453,16515,64515,6450$62.17$3.12
Apr 2025Oxyrock Operating,4,1304,20618,49418,4940$63.54$3.42
Mar 2025Oxyrock Operating,4,4974,39818,26818,2680$68.24$4.12
Feb 2025Oxyrock Operating,2,0872,08313,49313,4930$71.53$4.19
Jan 2025Oxyrock Operating,3,0983,0898,7558,7550$75.74$4.13
Dec 2024Oxyrock Operating,3,1083,12310,69910,6990$70.12$3.01
Nov 2024Oxyrock Operating,5,0064,97219,50519,5050$69.95$2.12
Oct 2024Oxyrock Operating,5,5615,58220,11220,1120$71.99$2.20
Sep 2024Oxyrock Operating,6,2826,28822,05822,0580$70.24$2.28
Aug 2024Oxyrock Operating,6,8586,86123,28923,2890$76.68$1.99
Jul 2024Crownquest Operating,6,7336,74621,09221,0920$81.80$2.07
Jun 2024Crownquest Operating,6,8826,89421,93921,9390$79.77$2.54
May 2024Crownquest Operating,8,4908,48526,52126,5210$80.02$2.12
Apr 2024Crownquest Operating,9,3339,30426,48226,4820$85.35$1.60
Mar 2024Crownquest Operating,10,49510,47427,35427,3540$81.28$1.49
Feb 2024Crownquest Operating,11,54311,57426,55726,5570$77.25$1.72
Jan 2024Crownquest Operating,14,06514,07525,36224,3191,043$74.15$3.18
Dec 2023Crownquest Operating,13,38813,38814,41714,4170$71.90$2.52
Nov 2023Crownquest Operating,2,7322,6911,9591,9590$77.69$2.71

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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This lease belongs to

OperatorOxyrock Operating, LLCFieldSpraberry (Trend Area)CountyMidland County

Oxyrock Operating, LLC in Midland County

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Spraberry (Trend Area) field

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