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Texas oil lease

Producing

VIRGIL J. POWELL TR. B

Virgil J. Powell TR. B is an oil lease in Schleicher County, Texas, operated by Petx Operating LLC in the Tillery, S. (Canyon) field.

2 wells

180bbl oil, last 12 months−25% vs prior year
Operator
Petx Operating LLC
County
Schleicher County
Field
Tillery, S. (Canyon)
RRC lease
7C-17014

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Where it sits

This county

Schleicher CountySchleicherTom GreenIrionSuttonMenardConchoSchleicher County
Schleicher County
Gas, last 12 months
3,732 mcf
Oil in Jun 2026
1 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Petx Operating LLC took over from Iron Orchard Operating LLC in Jun 2025.

  • Sales

    No sales reported for the last 5 months of state data (through Jul 2026).

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

See why checks stop on this lease

Production by month

Oil output fell 25% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 25% over the last 12 monthsMonthly oil production and gas for VIRGIL J. POWELL TR. B, Aug 2023 to Jul 2026. Oil output fell 25% over the last 12 months. 180 bbl in the 12 months through Jul 2026, against 241 bbl in the 12 months before.Last 12 months: 180 bblbbl per monthmcf per month0050200100400150600200800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 25% over the last 12 monthsMonthly oil production and gas for VIRGIL J. POWELL TR. B, Aug 2023 to Jul 2026. Oil output fell 25% over the last 12 months. 180 bbl in the 12 months through Jul 2026, against 241 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050200100400150600200800Jan 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 VIRGIL J. POWELL TR. B 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 VIRGIL J. POWELL TR. B 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 2 times, most recently in Jun 2025

Operators of this lease over timeOsborn Heirs Company, Jan 2020 to May 2023; Iron Orchard Operating LLC, Jun 2023 to May 2025; Petx Operating LLC, Jun 2025 to Jun 20262020202120222023202420252026Changed Jun 2023Changed Jun 2025Osborn Heirs CompanyJan 2020 to May 2023Iron Orchard Operating LLCJun 2023 to May 2025Petx Operating LLCJun 2025 to now
Operators of this lease over timeOsborn Heirs Company, Jan 2020 to May 2023; Iron Orchard Operating LLC, Jun 2023 to May 2025; Petx Operating LLC, Jun 2025 to Jun 20262020202120222023202420252026Changed Jun 2023Changed Jun 2025Osborn Heirs CompanyJan 2020 to May 2023Iron Orchard Operating LLCJun 2023 to May 2025Petx Operating LLCJun 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on VIRGIL J. POWELL TR. B
API numberWell no.Status
42-413-310911001Active
42-413-32594104Active

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, 2023–
Caballo Loco Midstrm Inf Ii, LLCCasinghead gasBuys100Jun 1, 2023–
Caballo Loco Midstrm Inf Ii, LLCCasinghead gasGathers100Jun 1, 2023–
Wtg South Permian Midstream LLCCasinghead gasGathers100Apr 22, 2021Jun 1, 2023
Wtg South Permian Midstream LLCCasinghead gasBuys100Apr 22, 2021Jun 1, 2023
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100Aug 14, 2009Jun 1, 2023
Davis Gas Processing, Inc.Casinghead gasGathers100Aug 14, 2009Apr 22, 2021
Davis Gas Processing, Inc.Casinghead gasBuys100Aug 14, 2009Apr 22, 2021

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

Who buys my oilOil price check

120 acres on the newest 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 Virgil J. Powell TR. B
API numberWell no.Acreson the permit
42-413-310911001120
42-413-32594104120

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for VIRGIL J. POWELL TR. B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Petx Operating105185180$84.81$3.15
May 2026Petx Operating102762760$102.13$2.94
Apr 2026Petx Operating102342340$100.32$2.77
Mar 2026Petx Operating303803800$91.38$3.04
Feb 2026Petx Operating131563393390$64.51$3.62
Jan 2026Petx Operating1902732730$60.04$7.72
Dec 2025Petx Operating2803103100$57.97$4.26
Nov 2025Petx Operating11403523520$60.06$3.79
Oct 2025Petx Operating004074070$60.89$3.19
Sep 2025Petx Operating002332330$63.96$2.97
Aug 2025Petx Operating0077770$64.86$2.91
Jul 2025Petx Operating003333330$68.39$3.20
Jun 2025Petx Operating00000$68.17$3.02
May 2025Iron Orchard602842840$62.17$3.12
Apr 2025Iron Orchard1303283280$63.54$3.42
Mar 2025Iron Orchard803293290$68.24$4.12
Feb 2025Iron Orchard902852850$71.53$4.19
Jan 2025Iron Orchard302122120$75.74$4.13
Dec 2024Iron Orchard51682522520$70.12$3.01
Nov 2024Iron Orchard503423420$69.95$2.12
Oct 2024Iron Orchard1003663660$71.99$2.20
Sep 2024Iron Orchard003403400$70.24$2.28
Aug 2024Iron Orchard18204024020$76.68$1.99
Jul 2024Iron Orchard904324320$81.80$2.07
Jun 2024Iron Orchard5204134130$79.77$2.54
May 2024Iron Orchard3703693690$80.02$2.12
Apr 2024Iron Orchard181132122120$85.35$1.60
Mar 2024Iron Orchard2903073070$81.28$1.49
Feb 2024Iron Orchard2703193190$77.25$1.72
Jan 2024Iron Orchard2602932930$74.15$3.18
Dec 2023Iron Orchard704024020$71.90$2.52
Nov 2023Iron Orchard1804314310$77.69$2.71
Oct 2023Iron Orchard18374424420$85.64$2.98
Sep 2023Iron Orchard131764424420$89.43$2.64
Aug 2023Iron Orchard1804664660$81.39$2.58

No report filed

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

OperatorPetx Operating LLCFieldTillery, S. (Canyon)CountySchleicher County

Petx Operating LLC in Schleicher County

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Tillery, S. (Canyon) field

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