Oil and gas leases in Mustang Is-LB County
Mustang Is-LB County, Texas has 32 oil and gas leases with production on file at the Railroad Commission, all of them in Commission district 04. 1 of them are oil leases and 31 are gas leases. Between them they carry 32 wellbores. Reported volumes run from January 1993 to August 2026 and come to 11 thousand barrels of oil and 89.1 million Mcf of gas. 14 operators file returns here. Every lease below has its own page with a decline-curve forecast and an estimate of what the whole lease is worth.
Key facts about Mustang Is-LB County
- How many oil and gas leases are in Mustang Is-LB County?
- Mustang Is-LB County has 32 oil and gas leases with production reported to the Railroad Commission of Texas, as of August 2026.
- How much oil and gas has Mustang Is-LB County produced?
- Leases in Mustang Is-LB County have reported 11,140 barrels of oil (bbl) and 89,148,317 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026.
- Who are the biggest operators in Mustang Is-LB County?
- Phoenix Hydrocarbons Operating operates 12 of the 32 producing leases in Mustang Is-LB County, more than any other operator on record with the Railroad Commission of Texas.
- How many operators are active in Mustang Is-LB County?
- 14 operators file production returns for leases in Mustang Is-LB County.
- How much are mineral rights in Mustang Is-LB County worth?
- There is no single figure: what a mineral or royalty interest in Mustang Is-LB County is worth depends on the individual lease, its decline, and the share the owner holds. Each of the 32 leases listed here has its own page with the full production history the operator reported, a decline-curve forecast, and an estimate of what a royalty interest in it is worth today.
Operators here
The company that runs the wells and issues the royalty cheque.
- Phoenix Hydrocarbons Operating — 12 leases
- Petrotex Engineering Company — 3 leases
- BHP Petroleum (Americas) Inc. — 2 leases
- Hunt Oil Company — 2 leases
- Inexco Oil Company — 2 leases
- Osprey Petroleum Company, Inc. — 2 leases
- Spinnaker Exploration Co.,L.L.C. — 2 leases
- Amerada Hess Corporation — 1 lease
- Aquila Energy Resources Corp. — 1 lease
- Dreyfus, Louis Natural Gas Corp — 1 lease
- Oxy USA Inc. — 1 lease
- Sterling Energy, Inc. — 1 lease
- Union Oil Company Of California — 1 lease
- Vtex Energy, Inc. — 1 lease
Railroad Commission districts
- District 04 — 32 leases
Leases
- STATE TRACT 746-L — gas, BHP Petroleum (Americas) Inc., Mustang Is-LB County, 30.3 million reported
- STIRRUP / STATE UNIT — gas, Spinnaker Exploration Co.,L.L.C., Mustang Is-LB County, 13.0 million reported
- STATE LEASE 74581 — gas, Hunt Oil Company, Mustang Is-LB County, 8.5 million reported
- S.T. 747-L SE/4 — gas, Osprey Petroleum Company, Inc., Mustang Is-LB County, 7.6 million reported
- STATE LEASE 81980 — gas, Hunt Oil Company, Mustang Is-LB County, 7.4 million reported
- ST TR 748-L GAS UNIT — gas, Osprey Petroleum Company, Inc., Mustang Is-LB County, 5.5 million reported
- TEXAS GULF M-76518 (TRACT 881-L) — gas, Aquila Energy Resources Corp., Mustang Is-LB County, 4.9 million reported
- ST. 749-L S/2 NE/4 — gas, Union Oil Company Of California, Mustang Is-LB County, 3.5 million reported
- STATE LEASE 081980 — gas, Amerada Hess Corporation, Mustang Is-LB County, 2.6 million reported
- STATE TRACT 774-L — gas, Inexco Oil Company, Mustang Is-LB County, 1.2 million reported
- STATE LEASE M-86957 — gas, Oxy USA Inc., Mustang Is-LB County, 1.0 million reported
- STATE TRACT 747-L — gas, BHP Petroleum (Americas) Inc., Mustang Is-LB County, 911 thousand reported
- STATE TRACT 818L, SW/4 — gas, Phoenix Hydrocarbons Operating, Mustang Is-LB County, 480 thousand reported
- STATE TRACT 773-L (NW/4) — gas, Petrotex Engineering Company, Mustang Is-LB County, 459 thousand reported
- STATE TRACT 818L — gas, Phoenix Hydrocarbons Operating, Mustang Is-LB County, 448 thousand reported
- STIRRUP/STATE UNIT — gas, Spinnaker Exploration Co.,L.L.C., Mustang Is-LB County, 307 thousand reported
- STATE TRACT 818-L, SW/4 — gas, Phoenix Hydrocarbons Operating, Mustang Is-LB County, 253 thousand reported
- ST TR 748-L GAS UNIT — gas, Sterling Energy, Inc., Mustang Is-LB County, 188 thousand reported
- STATE TRACT 773L (NW/4) — gas, Petrotex Engineering Company, Mustang Is-LB County, 120 thousand reported
- STATE TRACT 818L — gas, Phoenix Hydrocarbons Operating, Mustang Is-LB County, 91 thousand reported
- STATE TRACT 818L — gas, Phoenix Hydrocarbons Operating, Mustang Is-LB County, 83 thousand reported
- STATE TRACT 818L — gas, Phoenix Hydrocarbons Operating, Mustang Is-LB County, 65 thousand reported
- STATE TRACT 774 - L SW/4 — gas, Dreyfus, Louis Natural Gas Corp, Mustang Is-LB County, 60 thousand reported
- STATE TRACT 818L — gas, Phoenix Hydrocarbons Operating, Mustang Is-LB County, 42 thousand reported
- STATE TRACT 818L — gas, Phoenix Hydrocarbons Operating, Mustang Is-LB County, 35 thousand reported
- STATE TRACT 818L — gas, Phoenix Hydrocarbons Operating, Mustang Is-LB County, 33 thousand reported
- STATE TRACT 818L — gas, Phoenix Hydrocarbons Operating, Mustang Is-LB County, 26 thousand reported
- STATE TRACT 818L — gas, Phoenix Hydrocarbons Operating, Mustang Is-LB County, 22 thousand reported
- STATE TRACT 818-L — oil, Vtex Energy, Inc., Mustang Is-LB County, 11 thousand reported
- STATE TRACT 773 L (NW/4) — gas, Petrotex Engineering Company, Mustang Is-LB County, 2 thousand reported
- STATE TRACT 818L — gas, Phoenix Hydrocarbons Operating, Mustang Is-LB County, 1 thousand reported
- STATE LEASE 774-L — gas, Inexco Oil Company, Mustang Is-LB County, 9 reported
Production figures are as reported to the Railroad Commission of Texas. Values shown on lease pages are estimates produced by fitting a decline curve to that reported history; they are not offers or appraisals.