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Texas oil lease

Producing

VARGA GAS UNIT NO. 2

Varga Gas Unit No. 2 is an oil lease in Gregg County, Texas, operated by Buffco Production Inc. in the Willow Springs, Se (Travis Peak) field.

1 well

451bbl oil, last 12 months−22% vs prior year
Operator
Buffco Production Inc.
County
Gregg County
Field
Willow Springs, Se (Travis Peak)
RRC lease
06-11538

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Where it sits

This county

Gregg CountyGreggPanolaUpshurCassWoodMorrisHopkinsSmithRuskHarrisonMarionCampGregg County
Gregg County
Gas, last 12 months
1,744 mcf
Oil in Jul 2026
130 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: MIDCOAST G & P (EAST TEXAS) L.P. replaced GULF SOUTH PIPELINE COMPANY, LP as the buyer of this lease's gas from oil wells on Jun 1, 2025.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Oil output fell 22% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 22% over the last 12 monthsMonthly oil production and gas for VARGA GAS UNIT NO. 2, Aug 2023 to Jul 2026. Oil output fell 22% over the last 12 months. 451 bbl in the 12 months through Jul 2026, against 579 bbl in the 12 months before.Last 12 months: 451 bblbbl per monthmcf per month00502501005001507502001,0002501,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 22% over the last 12 monthsMonthly oil production and gas for VARGA GAS UNIT NO. 2, Aug 2023 to Jul 2026. Oil output fell 22% over the last 12 months. 451 bbl in the 12 months through Jul 2026, against 579 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00502501005001507502001,0002501,250Jan 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 VARGA GAS UNIT NO. 2 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 VARGA GAS UNIT NO. 2 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.

1 well on this lease

Wells on VARGA GAS UNIT NO. 2
API numberWell no.Status
42-183-305552 AActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dk Trading & Supply, LLCOilGathers100Jun 1, 2025–
Midcoast G & P (East Texas) L.p.Casinghead gasBuys100Jun 1, 2025–
Midcoast Pipelines (E Tx) L.p.Casinghead gasGathers100Jun 1, 2025–
Gulf South Pipeline Company, LPCasinghead gasGathers100Feb 1, 2001Jun 1, 2025
Gulf South Pipeline Company, LPCasinghead gasBuys100Sep 1, 2015Jun 1, 2025
Eastex Crude CompanyOilGathers50Sep 1, 2015Jun 1, 2025
Lion Oil Trading & Trans, LLCOilGathers50Sep 1, 2015Jun 1, 2025

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

Who buys my oilOil price check

328 acres on the newest permit

  • Good to know

    A pooling certificate (P-12) was filed

    Your tract may share its production with neighbors in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

  • 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 Varga Gas Unit No. 2
API numberWell no.Acreson the permit
42-183-305552 A328

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

Unit decimal checker

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36 months, newest first

Ledger for VARGA GAS UNIT NO. 2
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026130795045040$80.46$2.89
Jun 20261301623963960$84.81$3.15
May 202617404804800$102.13$2.94
Apr 20260024240$100.32$2.77
Mar 20260028280$91.38$3.04
Feb 20260019190$64.51$3.62
Jan 20260026260$60.04$7.72
Dec 20250032320$57.97$4.26
Nov 202508447470$60.06$3.79
Oct 202517045450$60.89$3.19
Sep 20250049490$63.96$2.97
Aug 20250094940$64.86$2.91
Jul 2025001031030$68.39$3.20
Jun 2025001111110$68.17$3.02
May 2025002432430$62.17$3.12
Apr 2025002642640$63.54$3.42
Mar 2025303663660$68.24$4.12
Feb 202598843183180$71.53$4.19
Jan 202598854074070$75.74$4.13
Dec 202467807037030$70.12$3.01
Nov 202494806116110$69.95$2.12
Oct 20241001595265260$71.99$2.20
Sep 2024119015150$70.24$2.28
Aug 2024002162160$76.68$1.99
Jul 202415783733730$81.80$2.07
Jun 2024871597007000$79.77$2.54
May 20242703593590$80.02$2.12
Apr 202468806106100$85.35$1.60
Mar 202494797007000$81.28$1.49
Feb 202480806906900$77.25$1.72
Jan 20249904444440$74.15$3.18
Dec 2023351621251250$71.90$2.52
Nov 202315001,1041,1040$77.69$2.71
Oct 2023772356886880$85.64$2.98
Sep 202360786326320$89.43$2.64
Aug 20231101567337330$81.39$2.58

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

OperatorBuffco Production Inc.FieldWillow Springs, Se (Travis Peak)CountyGregg County

Buffco Production Inc. in Gregg County

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Willow Springs, Se (Travis Peak) field

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