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Texas oil lease

Producing

ARGO STATE

Argo State is an oil lease in Andrews County, Texas, operated by Morningstar Operating LLC in the Deep Rock (Penn.) field.

1 well

1,099bbl oil, last 12 months+19% vs prior year
RRC lease
08-31396

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
479 mcf
Oil in Jul 2026
278 bbl

Production by month

Oil output rose 19% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 19% over the last 12 monthsMonthly oil production and gas for ARGO STATE, Aug 2023 to Jul 2026. Oil output rose 19% over the last 12 months. 1,099 bbl in the 12 months through Jul 2026, against 922 bbl in the 12 months before.Last 12 months: 1,099 bblbbl per monthmcf per month00100100200200300300400400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 19% over the last 12 monthsMonthly oil production and gas for ARGO STATE, Aug 2023 to Jul 2026. Oil output rose 19% over the last 12 months. 1,099 bbl in the 12 months through Jul 2026, against 922 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00100100200200300300400400Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Jan 2025.

  • Transmission line (2)
  • Flared (4)
All of the gas went to flaring in the last 12 monthsShare of ARGO STATE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Jan 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to flaring in the last 12 monthsShare of ARGO STATE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Jan 2025.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

100.0% of the gas flared in the last 12 months. 28 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in May 2022

Operators of this lease over timeChevron Midcontinent, L.P., Jan 2020 to Dec 2021; Morningstar Partners, L.P., Jan 2022 to Apr 2022; Morningstar Operating LLC, May 2022 to Jul 20262020202120222023202420252026Changed Jan 2022Changed May 2022Chevron Midcontinent, L.P.Jan 2020 to Dec 2021Morningstar Partners, L.P.Jan 2022 to Apr 2022Morningstar Operating LLCMay 2022 to now
Operators of this lease over timeChevron Midcontinent, L.P., Jan 2020 to Dec 2021; Morningstar Partners, L.P., Jan 2022 to Apr 2022; Morningstar Operating LLC, May 2022 to Jul 20262020202120222023202420252026Changed Jan 2022Changed May 2022Chevron Midcontinent, L.P.Jan 2020 to Dec 2021Morningstar Partners, L.P.Jan 2022 to Apr 2022Morningstar Operating LLCMay 2022 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on ARGO STATE
API numberWell no.Status
42-003-358491Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Transfer CompanyOilGathers100Sep 11, 2025–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017Sep 11, 2025
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017Sep 11, 2025
Centurion Pipeline L.p.OilGathers100Sep 1, 2004Sep 11, 2025

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

80 acres on the newest permit

Permits for Argo State
API numberWell no.Acreson the permit
42-003-35849180

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

Estimate your royalty

36 months, newest first

Ledger for ARGO STATE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Morningstar Operating2783811270127$80.46$2.89
Jun 2026Morningstar Operating18001000100$84.81$3.15
May 2026Morningstar Operating00000$102.13$2.94
Apr 2026Morningstar Operating95402000$100.32$2.77
Mar 2026Morningstar Operating1080000$91.38$3.04
Feb 2026Morningstar Operating45016016$64.51$3.62
Jan 2026Morningstar Operating60040040$60.04$7.72
Dec 2025Morningstar Operating49044044$57.97$4.26
Nov 2025Morningstar Operating10137628028$60.06$3.79
Oct 2025Morningstar Operating85044044$60.89$3.19
Sep 2025Morningstar Operating53046046$63.96$2.97
Aug 2025Morningstar Operating45034034$64.86$2.91
Jul 2025Morningstar Operating80048048$68.39$3.20
Jun 2025Morningstar Operating13438744044$68.17$3.02
May 2025Morningstar Operating56040040$62.17$3.12
Apr 2025Morningstar Operating40038038$63.54$3.42
Mar 2025Morningstar Operating85062062$68.24$4.12
Feb 2025Morningstar Operating9339856056$71.53$4.19
Jan 2025Morningstar Operating91062062$75.74$4.13
Dec 2024Morningstar Operating830781662$70.12$3.01
Nov 2024Morningstar Operating71017111160$69.95$2.12
Oct 2024Morningstar Operating71017611462$71.99$2.20
Sep 2024Morningstar Operating5701327260$70.24$2.28
Aug 2024Morningstar Operating61022316162$76.68$1.99
Jul 2024Morningstar Operating3337520814662$81.80$2.07
Jun 2024Morningstar Operating82016910960$79.77$2.54
May 2024Morningstar Operating83019012862$80.02$2.12
Apr 2024Morningstar Operating81017511560$85.35$1.60
Mar 2024Morningstar Operating84030023862$81.28$1.49
Feb 2024Morningstar Operating96398483414$77.25$1.72
Jan 2024Morningstar Operating8601581580$74.15$3.18
Dec 2023Morningstar Operating8201181180$71.90$2.52
Nov 2023Morningstar Operating7901221220$77.69$2.71
Oct 2023Morningstar Operating8601391390$85.64$2.98
Sep 2023Morningstar Operating703891391390$89.43$2.64
Aug 2023Morningstar Operating86017014426$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

Deep Rock (Penn.) field

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