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Texas oil lease

Producing

WALTHALL ESTATE-HEARD UNIT

Walthall Estate-Heard Unit is an oil lease in Montague County, Texas, operated by Ipr Energy Partners, LLC in the Caravan (Caddo -B-) field.

4 wells

941bbl oil, last 12 months−38% vs prior year
Operator
Ipr Energy Partners, LLC
County
Montague County
Field
Caravan (Caddo -B-)
RRC lease
09-15549

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Where it sits

This county

Montague CountyMontagueClayCookeMontague County
Montague County
Oil in Jul 2026
85 bbl
Reporting since
Jan 2020

Checks stopped on this lease?

  • Operator

    Operator changed: Ipr Energy Partners, LLC took over from Ventex Operating Corp. in Jan 2025.

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

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Production by month

Oil output fell 38% over the last 12 months

  • Oil (bars)
  • Last 12 months
Oil output fell 38% over the last 12 monthsMonthly oil production for WALTHALL ESTATE-HEARD UNIT, Aug 2023 to Jul 2026. Oil output fell 38% over the last 12 months. 941 bbl in the 12 months through Jul 2026, against 1,521 bbl in the 12 months before.Last 12 months: 941 bblbbl per month0100200300400500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 38% over the last 12 monthsMonthly oil production for WALTHALL ESTATE-HEARD UNIT, Aug 2023 to Jul 2026. Oil output fell 38% over the last 12 months. 941 bbl in the 12 months through Jul 2026, against 1,521 bbl in the 12 months before.Last 12 monthsbbl per month0100200300400500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

Who has run this lease

The operator changed once, most recently in Jan 2025

Operators of this lease over timeVentex Operating Corp., Jan 2020 to Dec 2024; Ipr Energy Partners, LLC, Jan 2025 to Jul 20262020202120222023202420252026Changed Jan 2025Ventex Operating Corp.Jan 2020 to Dec 2024Ipr Energy Partners, LLCJan 2025 to now
Operators of this lease over timeVentex Operating Corp., Jan 2020 to Dec 2024; Ipr Energy Partners, LLC, Jan 2025 to Jul 20262020202120222023202420252026Changed Jan 2025Ventex Operating Corp.Jan 2020 to Dec 2024Ipr Energy Partners, LLCJan 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

4 wells on this lease

Wells on WALTHALL ESTATE-HEARD UNIT
API numberWell no.Status
42-337-00175B 1Active
42-337-00176B 2Shut-in
42-337-02853A 1Active
42-337-02854B 3Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Ptt Premier Trading and Tran LLCOilGathers100Nov 1, 2023–
Gulfmark Energy, Inc.OilGathers100Jan 1, 2019Nov 1, 2023
Plains Marketing, L.p.OilGathers100Jul 1, 2000Jan 1, 2019

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

Who buys my oilOil price check

What the drilling permits say

  • Good to know

    The state has no unit acreage for this lease

    Ask the operator for the acreage on your well's division order and unit plat.

  • Good to know

    11 wells are listed on this lease

    Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

Check your decimal on this lease
Permits for Walthall Estate-Heard Unit
API numberWell no.Acreson the permit
42-337-00175B 1–
42-337-00176B 2–
42-337-00176B 2 L–
42-337-02853A 1–
42-337-02854B 3–
42-337-02855B 4–
42-337-02856B 5–
42-337-028588–
42-337-82443A 2–
42-337-82450B 5 L–
42-337-82451B 7–

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

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36 months, newest first

Ledger for WALTHALL ESTATE-HEARD UNIT
MonthOil producedbblOil soldbblWTI$/bblHenry Hub$/MMBtu
Jul 2026Ipr Energy85163$80.46$2.89
Jun 2026Ipr Energy110$84.81$3.15
May 2026Ipr Energy00$102.13$2.94
Apr 2026Ipr Energy00$100.32$2.77
Mar 2026Ipr Energy640$91.38$3.04
Feb 2026Ipr Energy113191$64.51$3.62
Jan 2026Ipr Energy670$60.04$7.72
Dec 2025Ipr Energy121193$57.97$4.26
Nov 2025Ipr Energy104171$60.06$3.79
Oct 2025Ipr Energy890$60.89$3.19
Sep 2025Ipr Energy94174$63.96$2.97
Aug 2025Ipr Energy193174$64.86$2.91
Jul 2025Ipr Energy207368$68.39$3.20
Jun 2025Ipr Energy1230$68.17$3.02
May 2025Ipr Energy253385$62.17$3.12
Apr 2025Ipr Energy280$63.54$3.42
Mar 2025Ipr Energy2110$68.24$4.12
Feb 2025Ipr Energy0628$71.53$4.19
Jan 2025Ipr Energy133189$75.74$4.13
Dec 2024Ventex Operating1460$70.12$3.01
Nov 2024Ventex Operating94195$69.95$2.12
Oct 2024Ventex Operating153184$71.99$2.20
Sep 2024Ventex Operating790$70.24$2.28
Aug 2024Ventex Operating94178$76.68$1.99
Jul 2024Ventex Operating153198$81.80$2.07
Jun 2024Ventex Operating1010$79.77$2.54
May 2024Ventex Operating457186$80.02$2.12
Apr 2024Ventex Operating0198$85.35$1.60
Mar 2024Ventex Operating00$81.28$1.49
Feb 2024Ventex Operating0191$77.25$1.72
Jan 2024Ventex Operating00$74.15$3.18
Dec 2023Ventex Operating1040$71.90$2.52
Nov 2023Ventex Operating56199$77.69$2.71
Oct 2023Ventex Operating870$85.64$2.98
Sep 2023Ventex Operating164167$89.43$2.64
Aug 2023Ventex Operating730$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

OperatorIpr Energy Partners, LLCFieldCaravan (Caddo -B-)CountyMontague County

Ipr Energy Partners, LLC in Montague County

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Caravan (Caddo -B-) field

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