Texas oil lease · RRC district 08 · Lease 40129
ProducingARGO -A-
Argo -A- is an oil lease in Andrews County, Texas, operated by Olsen Energy Inc. in the Martin (Consolidated) field. The Railroad Commission shows 888 bbl of oil in the 12 months through Jul 2026.
Oil lease dossier · 1 well
- Operator
- Olsen Energy Inc.
- County
- Andrews County
- RRC lease
- 08-40129
Own a share of this lease?
Is your check right?
Upload a check stub or a phone photo. We compare every month with the state numbers on this page.
Free. No account needed. Two to four pages.
Where it sits
This county
- Oil in Jul 2026
- 46 bbl
- Reporting to the state
- since Jan 2020
- Wells
- 1
- Data through
- Jul 2026
Production
Month by month, from the state record
Oil output rose 363% over the last 12 months
888 bbl in the 12 months through Jul 2026, against 192 bbl in the 12 months before.
- Oil (bars, left axis)
- Gas (line, right axis)
- Last 12 months
SourceTexas Railroad Commission Production Data Query, oil lease 40129, district 08. Reported through Jul 2026. The state revises recent months.
Gas disposition
Where the gas went
All of the gas went to flaring in the last 12 months
Flaring peaked at 100.0% of the gas in Aug 2023.
SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 40129, district 08. Reported through Jul 2026.
Flared (4)
Burned off or vented, not sold. It pays no royalty. More than 3% in a month is worth watching.
Over the last 12 months, 100.0% of the gas was flared. 17 months went above 3%, which we mark in the ledger below.
Operator history
Who has run this lease
The operator changed 2 times, most recently in Jan 2025
If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.
- Olsen Energy Inc. Jan 2025 to now
- Silver Cross Energy Partners LLC Dec 2023 to Dec 2024
- Endeavor Energy Resources L.P. Jan 2020 to Nov 2023
SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.
Wells
1 well on this lease
| API number | Well no. | Status | Total depthft |
|---|---|---|---|
| 42-003-35309 | 2 | Active | – |
SourceTexas Railroad Commission Wellbore Query, district 08, lease 40129.
Who buys and gathers
Who moves and buys this lease's production
Oil
Oasis Transp & Marketing Corp. gathers it.
100% of it, on the list since Jun 1, 2010
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 Apr 1, 2017 · Dcp Operating Company, LP gathers it: 100% of it, on the list since Apr 1, 2017
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.
Unit and wells
160 acres on the newest permit
- Wells on the permits
- 11 not plugged
- Horizontal
- 0
- First completion
- Jan 2, 1986
- Latest permit
- Nov 22, 1985
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-003-35309 | 2 | Nov 22, 1985 | Jan 2, 1986 | 160 |
Estimator
Estimate your royalty for this lease
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 -A- 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
An estimate, not your check
Ledger
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | Gas producedmcf | Gas soldmcf, codes 2+3 | Flaredmcf, code 4 | WTI$ per bbl | Henry Hub$ per MMBtu |
|---|---|---|---|---|---|---|---|
| Jul 2026Olsen Energy | 46 | 186 | 0 | 0 | 0 | $80.46 | $2.89 |
| Jun 2026Olsen Energy | 65 | 0 | 0 | 0 | 0 | $84.81 | $3.15 |
| May 2026Olsen Energy | 53 | 0 | 0 | 0 | 0 | $102.13 | $2.94 |
| Apr 2026Olsen Energy | 64 | 191 | 0 | 0 | 0 | $100.32 | $2.77 |
| Mar 2026Olsen Energy | 68 | 0 | 0 | 0 | 0 | $91.38 | $3.04 |
| Feb 2026Olsen Energy | 119 | 178 | 0 | 0 | 0 | $64.51 | $3.62 |
| Jan 2026Olsen Energy | 87 | 0 | 0 | 0 | 0 | $60.04 | $7.72 |
| Dec 2025Olsen Energy | 164 | 174 | 0 | 0 | 0 | $57.97 | $4.26 |
| Nov 2025Olsen Energy | 181 | 176 | 0 | 0 | 0 | $60.06 | $3.79 |
| Oct 2025Olsen Energy | 10 | 0 | 0 | 0 | 0 | $60.89 | $3.19 |
| Sep 2025Olsen Energy | 15 | 0 | 0 | 0 | 0 | $63.96 | $2.97 |
| Aug 2025Olsen Energy | 16 | 0 | 0 | 0 | 0 | $64.86 | $2.91 |
| Jul 2025Olsen Energy | 13 | 147 | 0 | 0 | 0 | $68.39 | $3.20 |
| Jun 2025Olsen Energy | 17 | 0 | 0 | 0 | 0 | $68.17 | $3.02 |
| May 2025Olsen Energy | 15 | 0 | 0 | 0 | 0 | $62.17 | $3.12 |
| Apr 2025Olsen Energy | 12 | 0 | 0 | 0 | 0 | $63.54 | $3.42 |
| Mar 2025Olsen Energy | 21 | 0 | 0 | 0 | 0 | $68.24 | $4.12 |
| Feb 2025Olsen Energy | 17 | 0 | 0 | 0 | 0 | $71.53 | $4.19 |
| Jan 2025Olsen Energy | 12 | 0 | 0 | 0 | 0 | $75.74 | $4.13 |
| Dec 2024Silver Cross | 13 | 0 | 4 | 0 | 4 | $70.12 | $3.01 |
| Nov 2024Silver Cross | 14 | 0 | 4 | 0 | 4 | $69.95 | $2.12 |
| Oct 2024Silver Cross | 21 | 0 | 6 | 0 | 6 | $71.99 | $2.20 |
| Sep 2024Silver Cross | 20 | 159 | 6 | 0 | 6 | $70.24 | $2.28 |
| Aug 2024Silver Cross | 17 | 0 | 5 | 0 | 5 | $76.68 | $1.99 |
| Jul 2024Silver Cross | 13 | 0 | 4 | 0 | 4 | $81.80 | $2.07 |
| Jun 2024Silver Cross | 18 | 0 | 5 | 0 | 5 | $79.77 | $2.54 |
| May 2024Silver Cross | 18 | 0 | 5 | 0 | 5 | $80.02 | $2.12 |
| Apr 2024Silver Cross | 13 | 0 | 4 | 0 | 4 | $85.35 | $1.60 |
| Mar 2024Silver Cross | 16 | 0 | 5 | 0 | 5 | $81.28 | $1.49 |
| Feb 2024Silver Cross | 20 | 0 | 6 | 0 | 6 | $77.25 | $1.72 |
| Jan 2024Silver Cross | 17 | 0 | 5 | 0 | 5 | $74.15 | $3.18 |
| Dec 2023Silver Cross | 18 | 0 | 5 | 0 | 5 | $71.90 | $2.52 |
| Nov 2023Endeavor Energy | 17 | 129 | 5 | 0 | 5 | $77.69 | $2.71 |
| Oct 2023Endeavor Energy | 15 | 0 | 4 | 0 | 4 | $85.64 | $2.98 |
| Sep 2023Endeavor Energy | 17 | 0 | 5 | 0 | 5 | $89.43 | $2.64 |
| Aug 2023Endeavor Energy | 13 | 0 | 4 | 0 | 4 | $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).
Check your statements
Do your checks match this lease?
Upload your statements for ARGO -A-. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Olsen Energy Inc.
- A month that was never paid
- Your share of the barrels and mcf
- The price against WTI and Henry Hub
- Fees taken on gas
- Late payment interest
Around this lease
Walk the neighborhood
This lease belongs to
Olsen Energy Inc. in Andrews County
- HOLT, O. B. PENN
9,547 bbl last 12 months
- MOBIL FEE
3,981 bbl last 12 months
- UNIVERSITY (S) "28"
3,823 bbl last 12 months
- HOLT, O. B.
2,731 bbl last 12 months
- STATE OF TEXAS -V-
2,377 bbl last 12 months
Martin (Consolidated) field
- MARTIN, NELLIE C.
25,882 bbl last 12 months
- PHILLIPS UNIVERSITY "P"
22,226 bbl last 12 months
- PARKER, J. E.
13,159 bbl last 12 months
- PHILLIPS UNIVERSITY 11-A
16,406 bbl last 12 months
- PHILLIPS UNIVERSITY -O-
14,526 bbl last 12 months
Leases within 10 km
Found by the location of their wells.
- CARMICHAEL
13,023 bbl last 12 months · 0.5 km away
- CASCADE -B-
1,892 bbl last 12 months · 0.6 km away
- CASCADE "D"
724 bbl last 12 months · 0.8 km away
- ARGO
3,487 bbl last 12 months · 0.9 km away
- CARMICHAEL CF
2,120 bbl last 12 months · 1.2 km away
Drilling permits within 10 km
STATE OF TEXAS -V- #3
recompletion · Olsen Energy Inc. · Andrews County · 5.8 km away
Permit 0917086 · Jul 14, 2026
STATE OF TEXAS -V- #6
recompletion · Olsen Energy Inc. · Andrews County · 5.5 km away
Permit 0913872 · Mar 11, 2026
LINDLEY-REMUDA #28
recompletion · Montare Operating, Ltd. · Andrews County · 9.9 km away
Permit 0908424 · Jun 10, 2025
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 40129, 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.