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Producing

IRON DUKE (ALLOCATION)

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

1 well

5,989bbl oil, last 12 months+999% vs prior year
Operator
Reed Exploration LLC
County
Madison County
Field
Fort Trinidad, East (Buda)
RRC lease
03-27311

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Where it sits

This county

Madison CountyMadisonWalkerLimestoneHoustonLeonBrazosRobertsonMadison County
Madison County
Gas, last 12 months
38,085 mcf
Oil in Jul 2026
823 bbl

Production by month

Oil output rose 1,903% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 1,903% over the last 12 monthsMonthly oil production and gas for IRON DUKE (ALLOCATION), Aug 2023 to Jul 2026. Oil output rose 1,903% over the last 12 months. 5,989 bbl in the 12 months through Jul 2026, against 299 bbl in the 12 months before.Last 12 months: 5,989 bblbbl per monthmcf per month002502,0005004,0007506,0001,0008,0001,25010kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 1,903% over the last 12 monthsMonthly oil production and gas for IRON DUKE (ALLOCATION), Aug 2023 to Jul 2026. Oil output rose 1,903% over the last 12 months. 5,989 bbl in the 12 months through Jul 2026, against 299 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002502,0005004,0007506,0001,0008,0001,25010kJan 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 11 months reported

All of the gas went to a processing plant in the 11 months reportedShare of IRON DUKE (ALLOCATION) gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the 11 months reported.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 11 months reportedShare of IRON DUKE (ALLOCATION) gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the 11 months reported.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.

1 well on this lease

Wells on IRON DUKE (ALLOCATION)
API numberWell no.Status
42-313-313423HActive

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

3,859.41 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • 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 Iron Duke (Allocation)
API numberWell no.Acreson the permit
42-313-313423H3,859.41

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 (ALLOCATION)
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Reed Exploration8237695,1805,1800$80.46$2.89
Jun 2026Reed Exploration9501,6521,6520$84.81$3.15
May 2026Reed Exploration120902,1952,1950$102.13$2.94
Apr 2026Reed Exploration3143773,1503,1500$100.32$2.77
Mar 2026Reed Exploration3383753,5843,5840$91.38$3.04
Feb 2026Reed Exploration4845613,8553,8550$64.51$3.62
Jan 2026Reed Exploration6787434,2944,2940$60.04$7.72
Dec 2025Reed Exploration1,0127434,6574,6570$57.97$4.26
Nov 2025Reed Exploration4957241,2561,2560$60.06$3.79
Oct 2025Reed Exploration1,1169494,3844,3840$60.89$3.19
Sep 2025Reed Exploration4845643,8783,8780$63.96$2.97
Aug 2025Reed Exploration300000$64.86$2.91
Jul 2025Reed Exploration00000$68.39$3.20
Jun 2025Reed Exploration195194000$68.17$3.02
May 2025Reed Exploration1040000$62.17$3.12
Apr 2025Reed Exploration00000$63.54$3.42
Mar 2025Reed Exploration00000$68.24$4.12
Feb 2025Reed Exploration00000$71.53$4.19
Jan 2025Reed Exploration00000$75.74$4.13
Dec 2024Reed Exploration00000$70.12$3.01
Nov 2024Reed Exploration00000$69.95$2.12
Oct 2024Reed Exploration00000$71.99$2.20
Sep 2024Reed Exploration00000$70.24$2.28
Aug 2024Reed Exploration00000$76.68$1.99
Jul 2024Reed Exploration00000$81.80$2.07
Jun 2024Reed Exploration0255000$79.77$2.54
May 2024Buffalo XXII00000$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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