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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 10705

Producing

ARGO

Argo is an oil lease in Andrews County, Texas, operated by Montare Operating, Ltd. in the Fuhrman-Mascho field. The Railroad Commission shows 6,295 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 22 wells

6,295bbl oil, last 12 months−22% vs prior year
Operator
Montare Operating, Ltd.
County
Andrews County
Field
Fuhrman-Mascho
RRC lease
08-10705

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County · RRC district 08Open Andrews County →
Gas, last 12 months
9,055 mcf
Oil in Jul 2026
488 bbl
Reporting to the state
since Jan 2020
Wells
22

Production

Month by month, from the state record

What the Railroad Commission says this oil lease produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Oil output fell 22% over the last 12 months

6,295 bbl in the 12 months through Jul 2026, against 8,065 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 22% over the last 12 monthsMonthly oil production and gas for ARGO, Aug 2023 to Jul 2026. Oil output fell 22% over the last 12 months. 6,295 bbl in the 12 months through Jul 2026, against 8,065 bbl in the 12 months before.Last 12 months: 6,295 bblbbl per monthmcf per month002002504005006007508001,0001,0001,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 22% over the last 12 monthsMonthly oil production and gas for ARGO, Aug 2023 to Jul 2026. Oil output fell 22% over the last 12 months. 6,295 bbl in the 12 months through Jul 2026, against 8,065 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002002504005006007508001,0001,0001,250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 10705, district 08. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

All of the gas went to a transmission line in the last 12 months

Each bar is one month. Colors are the disposition codes the operator reported.

All of the gas went to a transmission line in the last 12 monthsShare of ARGO gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line 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 transmission line in the last 12 monthsShare of ARGO gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months. Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 10705, district 08. Reported through Jul 2026.

Transmission line (2)

Sold straight into a pipeline without processing. Processing fees on your statement would be worth asking about.

None of the gas was flared in the last 12 months.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

The operator changed once, most recently in Aug 2021

If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.

Operators of this lease over timeAvalon TX Operating, LLC, Jan 2020 to Jul 2021; Montare Operating, Ltd., Aug 2021 to Jul 20262020202120222023202420252026Changed Aug 2021Avalon TX Operating, LLCJan 2020 to Jul 2021Montare Operating, Ltd.Aug 2021 to now
Operators of this lease over timeAvalon TX Operating, LLC, Jan 2020 to Jul 2021; Montare Operating, Ltd., Aug 2021 to Jul 20262020202120222023202420252026Changed Aug 2021Avalon TX Operating, LLCJan 2020 to Jul 2021Montare Operating, Ltd.Aug 2021 to now

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

22 wells on this lease

Every well the Railroad Commission links to oil lease 10705 in district 08. The API number is the state’s ID for a well.
Wells on ARGO
API numberWell no.Status
42-003-076842Shut-in
42-003-076853Shut-in
42-003-335924Active
42-003-344695Active
42-003-344706Active
42-003-409327Active
42-003-411888Active
42-003-4118912Active
42-003-413349Active
42-003-4139310Active
42-003-4139411Active
42-003-4140913Active
42-003-4206514Active
42-003-4260115Active
42-003-4278416Active
42-003-4305818Active
42-003-4310519Active
42-003-4316628Active
42-003-4361021Active
42-003-4382027Active
42-003-4480220Active
42-003-4480325Active

SourceTexas Railroad Commission Wellbore Query, district 08, lease 10705.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.

  • Oil

    Midcon Gathering LLC gathers it.

    100% of it, on the list since Jan 1, 2024

  • Gas from oil wells

    Dcp Operating Company, LP buys and gathers it.

    Dcp Operating Company, LP buys it: 100% of it, on the list since Aug 1, 2021 · Dcp Operating Company, LP gathers it: 100% of it, on the list since Aug 1, 2021

Companies that used to be listed: Ace Gathering, Inc. (gathers it, until Jan 1, 2024); Enterprise Crude Oil LLC (gathers it, until Nov 1, 2019); Enterprise Crude Pipeline LLC (gathers it, until Nov 1, 2019).

SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.

Who buys my oil and gasIs my oil price fair?

Unit and wells

120.16 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
2321 not plugged
Horizontal
0
First completion
Oct 1, 1983
Latest permit
Oct 4, 2012

23 wells are listed on this lease

Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

Wells and acres on the permits for Argo
API numberWell no.Acreson the permit
42-003-4480220120.16
42-003-4480325120.16
42-003-4382027120.16
42-003-4361021120.16
42-003-4316628120.16
42-003-4310519120.16
42-003-4305818120.16
42-003-4278416120.16
42-003-4260115120.16
42-003-4206514120.16
42-003-4140913120
42-003-4139310120

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

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Estimator

Estimate your royalty for this lease

A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

Estimator

What could your check be?

Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says ARGO sold each month.

For example 0.00097656, or a fraction like 1/1024.

Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.

Your estimate appears here

Enter your decimal to see an estimated royalty for each of the last 12 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against. Regional gas prices are often below Henry Hub.

Ledger

36 months, newest first

Compare these numbers with your statements. Your share of a month is the “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for ARGO
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Montare Operating,4884889259250$80.46$2.89
Jun 2026Montare Operating,4994997917910$84.81$3.15
May 2026Montare Operating,5015017987980$102.13$2.94
Apr 2026Montare Operating,4044047137130$100.32$2.77
Mar 2026Montare Operating,5065066916910$91.38$3.04
Feb 2026Montare Operating,5115116286280$64.51$3.62
Jan 2026Montare Operating,4544547107100$60.04$7.72
Dec 2025Montare Operating,5045047157150$57.97$4.26
Nov 2025Montare Operating,5465467727720$60.06$3.79
Oct 2025Montare Operating,5415417197190$60.89$3.19
Sep 2025Montare Operating,6056057857850$63.96$2.97
Aug 2025Montare Operating,7367368088080$64.86$2.91
Jul 2025Montare Operating,7077075245240$68.39$3.20
Jun 2025Montare Operating,8028027137130$68.17$3.02
May 2025Montare Operating,8648643673670$62.17$3.12
Apr 2025Montare Operating,6686684744740$63.54$3.42
Mar 2025Montare Operating,6586587027020$68.24$4.12
Feb 2025Montare Operating,5755756876870$71.53$4.19
Jan 2025Montare Operating,6906908648640$75.74$4.13
Dec 2024Montare Operating,6886881321320$70.12$3.01
Nov 2024Montare Operating,5925926386380$69.95$2.12
Oct 2024Montare Operating,6036039469460$71.99$2.20
Sep 2024Montare Operating,5755759039030$70.24$2.28
Aug 2024Montare Operating,6436438278270$76.68$1.99
Jul 2024Montare Operating,6996996886880$81.80$2.07
Jun 2024Montare Operating,7557551,0971,0970$79.77$2.54
May 2024Montare Operating,7557559049040$80.02$2.12
Apr 2024Montare Operating,6726728018010$85.35$1.60
Mar 2024Montare Operating,7657651,1261,1260$81.28$1.49
Feb 2024Montare Operating,7167169969960$77.25$1.72
Jan 2024Montare Operating,7847849019010$74.15$3.18
Dec 2023Montare Operating,7377371,0351,0350$71.90$2.52
Nov 2023Montare Operating,8158151,0611,0610$77.69$2.71
Oct 2023Montare Operating,7717719499490$85.64$2.98
Sep 2023Montare Operating,7747741,0091,0090$89.43$2.64
Aug 2023Montare Operating,7498066346340$81.39$2.58

No report filed More than 3% of gas flared

SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).

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Everything on this page connects to the operator, field and county records. Start from any of them.

This lease belongs to

OperatorMontare Operating, Ltd.FieldFuhrman-MaschoCountyAndrews County

Montare Operating, Ltd. in Andrews County

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Fuhrman-Mascho field

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Leases within 10 km

Found by the location of their wells.

Drilling permits within 10 km

How to read this page

Questions owners ask

What is a decimal interest?

It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.

How do I use this page to check a royalty check?

Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.

Why is the newest month Jul 2026?

The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.

Does this page show what my check should be?

No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.

Sources and method

Where these numbers come from

  • Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 10705, district 08, reported through Jul 2026.
  • Wells: Texas Railroad Commission Wellbore Query.
  • Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
  • Page updated Sep 28, 2026.

We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.