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Royalty Clerk

Texas oil lease

Producing

STATE-WALTON

State-Walton is an oil lease in Winkler County, Texas, operated by Basin Oil & Gas Operating, LLC in the Keystone (Consolidated) field.

2 wells

10,016bbl oil, since May 2026
Operator
Basin Oil & Gas Operating, LLC
County
Winkler County
Field
Keystone (Consolidated)
RRC lease
08-65389

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County
Gas, since May 2026
22,843 mcf
Oil in Jul 2026
4,494 bbl
First check

Production started May 2026; the first check is due by about September 28, 2026 (estimate).

When is my first royalty check due?

Production by month

Oil output over 3 reported months

  • Oil (bars)
  • Gas (line)
Oil output over 3 reported monthsMonthly oil production and gas for STATE-WALTON, May 2026 to Jul 2026. Oil output over 3 reported months. Too few months reported to show a trend.bbl per monthmcf per month001,0002,5002,0005,0003,0007,5004,00010k5,00012.5kOct 25Jan 26AprJul
Oil output over 3 reported monthsMonthly oil production and gas for STATE-WALTON, May 2026 to Jul 2026. Oil output over 3 reported months. Too few months reported to show a trend.bbl per monthmcf per month001,0002,5002,0005,0003,0007,5004,00010k5,00012.5kJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to flaring in the 3 months reported

Flaring peaked at 100.0% of the gas in May 2026.

All of the gas went to flaring in the 3 months reportedShare of STATE-WALTON gas by disposition code each month, May 2026 to Jul 2026. All of the gas went to flaring in the 3 months reported. Flaring peaked at 100.0% of the gas in May 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 25Jan 26AprJul
All of the gas went to flaring in the 3 months reportedShare of STATE-WALTON gas by disposition code each month, May 2026 to Jul 2026. All of the gas went to flaring in the 3 months reported. Flaring peaked at 100.0% of the gas in May 2026.Share of gas by disposition code0%50%100%Flared 100.0%Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

100.0% of the gas flared in the 3 months reported. 3 months above 3%.

2 wells on this lease

Wells on STATE-WALTON
API numberWell no.Status
42-495-051731Active
42-495-351601408Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Energy Trans Crude Marketing LLCOilGathers50May 20, 2026
Gibson Energy Marketing, LLCOilGathers50May 20, 2026
Energy Transfer CompanyCasinghead gasBuys100May 20, 2026
Energy Transfer CompanyCasinghead gasGathers100May 20, 2026

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

Who buys my oilOil price check

160 acres on the newest permit

Check your decimal on this lease
Permits for State-Walton
API numberWell no.Acreson the permit
42-495-351601408160
42-495-051731160

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

Unit decimal checker

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3 months, newest first

Ledger for STATE-WALTON
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20264,4944,58011,238011,238$80.46$2.89
Jun 20263,9333,9758,42908,429$84.81$3.15
May 20261,5891,2203,17603,176$102.13$2.94

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

This lease belongs to

OperatorBasin Oil & Gas Operating, LLCFieldKeystone (Consolidated)CountyWinkler County

Basin Oil & Gas Operating, LLC in Winkler County

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Keystone (Consolidated) field

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