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Texas oil lease

Producing

IRON DUKE

Iron Duke is an oil lease in Madison County, Texas, operated by Reed Exploration LLC in the Fort Trinidad, East (Buda) field.

3 wells

1,977bbl oil, last 12 months+5% vs prior year
Operator
Reed Exploration LLC
County
Madison County
Field
Fort Trinidad, East (Buda)
RRC lease
03-26879

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Where it sits

This county

Madison CountyMadisonWalkerLimestoneHoustonLeonBrazosRobertsonMadison County
Madison County
Gas, last 12 months
22,335 mcf
Oil in Jul 2026
128 bbl

Production by month

Oil output rose 5% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 5% over the last 12 monthsMonthly oil production and gas for IRON DUKE, Aug 2023 to Jul 2026. Oil output rose 5% over the last 12 months. 1,977 bbl in the 12 months through Jul 2026, against 1,888 bbl in the 12 months before.Last 12 months: 1,977 bblbbl per monthmcf per month002502,0005004,0007506,0001,0008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 5% over the last 12 monthsMonthly oil production and gas for IRON DUKE, Aug 2023 to Jul 2026. Oil output rose 5% over the last 12 months. 1,977 bbl in the 12 months through Jul 2026, against 1,888 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002502,0005004,0007506,0001,0008,000Jan 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 IRON DUKE 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 IRON DUKE 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 2024

Operators of this lease over timeEtx Energy, LLC, Jan 2020 to Dec 2021; Buffalo XXII Operating, LLC, Jan 2022 to May 2024; Reed Exploration LLC, Jun 2024 to Jul 20262020202120222023202420252026Changed Jan 2022Changed Jun 2024Etx Energy, LLCJan 2020 to Dec 2021Buffalo XXII Operating, LLCJan 2022 to May 2024Reed Exploration LLCJun 2024 to now
Operators of this lease over timeEtx Energy, LLC, Jan 2020 to Dec 2021; Buffalo XXII Operating, LLC, Jan 2022 to May 2024; Reed Exploration LLC, Jun 2024 to Jul 20262020202120222023202420252026Changed Jan 2022Changed Jun 2024Etx Energy, LLCJan 2020 to Dec 2021Buffalo XXII Operating, LLCJan 2022 to May 2024Reed Exploration LLCJun 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on IRON DUKE
API numberWell no.Status
42-313-312761Active
42-313-313023Shut-in
42-313-313331HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Statewide Crude Inc.OilGathers100Apr 1, 2024–
Energy Transfer CompanyCasinghead gasBuys100Oct 1, 2021–
Trailblazer Energy Resources,llcCasinghead gasGathers100Feb 1, 2023–
4J Energy, LLCOilGathers50Sep 1, 2022Apr 1, 2024
Shell Trading (Us) CompanyOilGathers50Sep 1, 2022Apr 1, 2024
Etx Energy, LLCCasinghead gasGathers100Oct 1, 2021Feb 1, 2023
Energy Trans Crude Marketing LLCOilGathers75Jul 1, 2021Sep 1, 2022
Shell Trading (Us) CompanyOilGathers25Jul 1, 2021Sep 1, 2022
Midcoast Pipelines (E Tx) L.p.Casinghead gasGathers100Feb 1, 2019Oct 1, 2021

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

Who buys my oilOil price check

3,396.61 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 373.45 and 3,486.6 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for Iron Duke
API numberWell no.Acreson the permit
42-313-313331H3,396.61
42-313-3130233,486.60
42-313-312761373.45

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for IRON DUKE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Reed Exploration12801,7011,7010$80.46$2.89
Jun 2026Reed Exploration1221721,6731,6730$84.81$3.15
May 2026Reed Exploration2162801,7421,7420$102.13$2.94
Apr 2026Reed Exploration1411801,7181,7180$100.32$2.77
Mar 2026Reed Exploration9401,7751,7750$91.38$3.04
Feb 2026Reed Exploration1431901,2461,2460$64.51$3.62
Jan 2026Reed Exploration115751,7441,7440$60.04$7.72
Dec 2025Reed Exploration1441751,8781,8780$57.97$4.26
Nov 2025Reed Exploration1811922,0052,0050$60.06$3.79
Oct 2025Reed Exploration2081862,3832,3830$60.89$3.19
Sep 2025Reed Exploration4523762,6502,6500$63.96$2.97
Aug 2025Reed Exploration3301,8201,8200$64.86$2.91
Jul 2025Reed Exploration1492642,2012,2010$68.39$3.20
Jun 2025Reed Exploration3223722,4612,4610$68.17$3.02
May 2025Reed Exploration4903576,0426,0420$62.17$3.12
Apr 2025Reed Exploration00000$63.54$3.42
Mar 2025Reed Exploration00000$68.24$4.12
Feb 2025Reed Exploration501511510$71.53$4.19
Jan 2025Reed Exploration3574052,6432,6430$75.74$4.13
Dec 2024Reed Exploration100531,9261,9260$70.12$3.01
Nov 2024Reed Exploration120802,0082,0080$69.95$2.12
Oct 2024Reed Exploration411681,2751,2750$71.99$2.20
Sep 2024Reed Exploration5301,7701,7700$70.24$2.28
Aug 2024Reed Exploration2513682,2572,2570$76.68$1.99
Jul 2024Reed Exploration4725143,2923,2920$81.80$2.07
Jun 2024Reed Exploration2043772,1722,1720$79.77$2.54
May 2024Buffalo XXII852520000$80.02$2.12
Apr 2024Buffalo XXII00000$85.35$1.60
Mar 2024Buffalo XXII00000$81.28$1.49
Feb 2024Buffalo XXII00000$77.25$1.72
Jan 2024Buffalo XXII00000$74.15$3.18
Dec 2023Buffalo XXII00000$71.90$2.52
Nov 2023Buffalo XXII00000$77.69$2.71
Oct 2023Buffalo XXII00000$85.64$2.98
Sep 2023Buffalo XXII00000$89.43$2.64
Aug 2023Buffalo XXII00000$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

OperatorReed Exploration LLCFieldFort Trinidad, East (Buda)CountyMadison County

Reed Exploration LLC in Madison County

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Fort Trinidad, East (Buda) field

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