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Railroad Commission record · Sep 2024 to Aug 2026 · Texas

Texas operator changes

In the 24 months through Aug 2026, 43,289 leases in Texas changed operator, in 44,898 changes. The biggest single transfer moved 2,683 leases from Epic Permian Operating, LLC to Scout Energy Management LLC.

Leases changed
43,289
Share of leases
19%of 223,162 on record
Different pairs
1,840
Operators gaining
1,034

Leases changing operator, by month

most in one month: 6,167

Sep 2024: 2,573 leasesOct 2024: 1,527 leasesNov 2024: 1,196 leasesDec 2024: 640 leasesJan 2025: 3,960 leasesFeb 2025: 4,654 leasesMar 2025: 1,388 leasesApr 2025: 1,472 leasesMay 2025: 528 leasesJun 2025: 618 leasesJul 2025: 859 leasesAug 2025: 1,193 leasesSep 2025: 2,428 leasesOct 2025: 692 leasesNov 2025: 1,842 leasesDec 2025: 2,943 leasesJan 2026: 4,291 leasesFeb 2026: 588 leasesMar 2026: 1,525 leasesApr 2026: 767 leasesMay 2026: 6,167 leasesJun 2026: 608 leasesJul 2026: 1,850 leasesAug 2026: 589 leases

The tallest bar is May 2026, when 6,167 leases first reported under a new operator.

Leases that changed operator, by month
MonthLeases
Sep 20242,573
Oct 20241,527
Nov 20241,196
Dec 2024640
Jan 20253,960
Feb 20254,654
Mar 20251,388
Apr 20251,472
May 2025528
Jun 2025618
Jul 2025859
Aug 20251,193
Sep 20252,428
Oct 2025692
Nov 20251,842
Dec 20252,943
Jan 20264,291
Feb 2026588
Mar 20261,525
Apr 2026767
May 20266,167
Jun 2026608
Jul 20261,850
Aug 2026589

Biggest transfers · Texas

Who took over from whom

Operator pairs ranked by the number of leases that moved from the first company to the second. Overlap months, where both reported, count once.
  1. From Epic Permian Operating, LLC

    To Scout Energy Management LLC

    2,683 leasesFeb 2025

    Most inCrockett 2,665Val Verde 6Edwards 6

  2. From Scout Energy Management LLC

    To Burk Royalty Co., Ltd.

    2,262 leasesJan 2026 to Aug 2026

    Most inMoore 890Potter 505Sherman 430

  3. From Endeavor Energy Resources L.P.

    To Diamondback E&P LLC

    1,428 leasesJan 2025 to Feb 2025

    Most inMidland 466Martin 437Reagan 265

  4. From Crescent Pass Energy, LLC

    To Diversified Production LLC

    1,336 leasesSep 2024 to Jan 2025

    Most inFreestone 510Limestone 320Robertson 157

  5. From Sheridan Production Co III, LLC

    To Diversified Production LLC

    1,333 leasesMay 2025 to Aug 2026

    Most inPanola 1,142Harrison 187Rusk 4

  6. From Vital Energy, Inc.

    To Crescent Energy Operating, LLC

    1,253 leasesJan 2026 to Mar 2026

    Most inGlasscock 363Reeves 253Reagan 191

  7. From Diversified Production LLC

    To Eagleridge Operating, LLC

    1,139 leasesJul 2026

    Most inHood 428Tarrant 247Hill 166

  8. From Silverbow Resources Oper, LLC

    To Crescent Energy Operating, LLC

    1,134 leasesMay 2026 to Jun 2026

    Most inWebb 433Dimmit 242La Salle 182

  9. From Bedrock Production, LLC

    To BKV Barnett II, LLC

    1,113 leasesSep 2025 to Jan 2026

    Most inParker 324Wise 261Tarrant 232

  10. From Javelin Energy Partners Mgmt LLC

    To Formentera Operations LLC

    1,081 leasesDec 2025

    Most inJohnson 768Tarrant 136Parker 134

  11. From Amplify Energy Operating LLC

    To Eqv Operating LLC

    809 leasesJan 2026

    Most inPanola 355Rusk 170Shelby 108

  12. From Sabine Oil & Gas Corporation

    To Sabine Energy Inc.

    743 leasesJan 2026

    Most inRusk 408Harrison 201Panola 103

  13. From Scout Energy Management LLC

    To High River Res Operating, LLC

    723 leasesDec 2024 to Mar 2025

    Most inCarson 350Moore 235Hutchinson 92

  14. From Cimarex Energy Co.

    To Coterra Energy Operating Co.

    715 leasesNov 2025

    Most inCulberson 483Reeves 228Pecos 4

A change is a lease whose reporting operator differs from the one before it in the Railroad Commission production data, first reported between Sep 2024 and Aug 2026. The record shows who reports the lease, not what was sold.

Latest three months

Producing leases that just changed

The largest producing leases in Texas whose operator first reported in the last three months of the record.
  1. Baxter, Reeves

    Tog Operating, LLC to U.S. Energy Development Corp

    Jun 2026 · 213,347 bbl in 12 months

  2. Baxter, Reeves

    Tog Operating, LLC to U.S. Energy Development Corp

    Jun 2026 · 220,089 bbl in 12 months

  3. Burgundy Unit, Reeves

    Tog Operating, LLC to U.S. Energy Development Corp

    Jun 2026 · 213,684 bbl in 12 months

  4. Burgundy Unit, Reeves

    Tog Operating, LLC to U.S. Energy Development Corp

    Jun 2026 · 166,715 bbl in 12 months

  5. Kissman Unit, Lee

    Crescent Pass Energy, LLC to EOG Resources, Inc.

    Jun 2026 · 180,633 bbl in 12 months

  6. Jack Meeks 01, Live Oak

    Silverbow Resources Oper, LLC to Crescent Energy Operating, LLC

    Jun 2026 · 160,849 bbl in 12 months

  7. Galvan Ranch, Webb

    SM Energy Company to Caturus Energy, LLC

    Aug 2026 · 101,536 bbl in 12 months

  8. Galvan Ranch, Webb

    SM Energy Company to Caturus Energy, LLC

    Aug 2026 · 76,093 bbl in 12 months

  9. Galvan Ranch, Webb

    SM Energy Company to Caturus Energy, LLC

    Aug 2026 · 105,039 bbl in 12 months

  10. Galvan Ranch, Webb

    SM Energy Company to Caturus Energy, LLC

    Aug 2026 · 13,755 bbl in 12 months

  11. Galvan Ranch, Webb

    SM Energy Company to Caturus Energy, LLC

    Aug 2026 · 75,171 bbl in 12 months

  12. Galvan Ranch, Webb

    SM Energy Company to Caturus Energy, LLC

    Aug 2026 · 5,769 bbl in 12 months

  13. Galvan Ranch, Webb

    SM Energy Company to Caturus Energy, LLC

    Aug 2026 · 63,178 bbl in 12 months

  14. Boyd, Cochran

    OXY USA WTP LP to Hilcorp Energy Company

    Jul 2026 · 118,050 bbl in 12 months

  15. Galvan Ranch, Webb

    SM Energy Company to Caturus Energy, LLC

    Aug 2026 · 76,640 bbl in 12 months

  16. Galvan Ranch, Webb

    SM Energy Company to Caturus Energy, LLC

    Aug 2026 · 19,004 bbl in 12 months

  17. Galvan Ranch, Webb

    SM Energy Company to Caturus Energy, LLC

    Aug 2026 · 11,846 bbl in 12 months

  18. Reuther Unit, Lee

    Crescent Pass Energy, LLC to EOG Resources, Inc.

    Jun 2026 · 101,398 bbl in 12 months

For a royalty owner

What a change means for your check

An operator change does not change your lease or your decimal. It changes who pays you, and that is where checks go astray.

The new payor must send you written notice within the time it has to pay you. NRC §91.407 Look for it as a letter, a division order or a note on the stub. If it never came, ask for it.

Compare the months on either side of the change. A month can fall between two companies, each assuming the other paid it. Interest is owed on late payments unless proceeds were properly withheld. NRC §91.403

A new operator often sends a new division order. It may contain only the items listed in section 91.402(c), and you may refuse the rest. See what it may say

What to do after an operator change has the steps and the letter to send.

FAQ

Questions people ask

How do I find out if the operator of my lease changed?

Look the lease up by the name on your royalty stub. Every lease page lists each operator that reported it, with the first and last month of each. A change in the last 24 months is also flagged in the results below when you pick your county.

Look up your lease

What does a change of operator mean for my royalty check?

It puts a new company in charge of paying you. Under Natural Resources Code section 91.407 the new payor must give you written notice, within the time it has to pay, with the property name and number, the sales month, an address and phone number for questions, and a description of the property. Your lease and your decimal do not change because of the switch alone, but the months on either side of it are where a payment can be missed.

What to do after an operator change

Why did my royalty check come from a different company?

The company that pays royalty is the payor, and it is usually the operator of the lease. When a lease is sold or the operator changes, the payor changes with it. The state record shows the month the new operator first reported the lease, which is the best guide to when your payor changed.

Who took over the most Texas leases in the last 24 months?

In the Railroad Commission's production data for Sep 2024 to Aug 2026, the largest transfer was Epic Permian Operating, LLC to Scout Energy Management LLC: 2,683 leases, first reported in Feb 2025.

Where does this data come from?

From the Railroad Commission's production data, which records the operator that reported each lease each month. A change is counted when the operator reporting a lease is different from the one before it. The record shows who reports a lease, not who owns the minerals or the working interest, so a sale that keeps the same operator does not appear.

Railroad Commission production data query

Will a new operator ask me to sign a new division order?

Often, yes. A payor may require a signed division order as a condition of payment if it contains only the provisions listed in section 91.402(c). If it contains extra provisions and you refuse to sign, the payor may not withhold payment solely because of that.

What a division order may say

Did your operator change? Check the months around it.

The audit lines your statements up against the state record and points to the months either side of a change.