Skip to content
Royalty Clerk

Texas oil lease · RRC district 10 · Lease 08718

Producing

BABE 940

Babe 940 is an oil lease in Lipscomb County, Texas, operated by Courson Oil & Gas, Inc. in the Kiowa Creek (Marmaton) field. The Railroad Commission shows 1,476 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 2 wells

1,476bbl oil, last 12 months−26% vs prior year
Operator
Courson Oil & Gas, Inc.
County
Lipscomb County
Field
Kiowa Creek (Marmaton)
RRC lease
10-08718

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.

Check my statement

Free. No account needed. Two to four pages.

Where it sits

This county

Lipscomb CountyLipscombOchiltreeLipscomb County
Lipscomb County · RRC district 10Open Lipscomb County →
Gas, last 12 months
28,574 mcf
Oil in Jul 2026
122 bbl
Reporting to the state
since Jan 2020
Wells
2

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 26% over the last 12 months

1,476 bbl in the 12 months through Jul 2026, against 1,989 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for BABE 940, Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 1,476 bbl in the 12 months through Jul 2026, against 1,989 bbl in the 12 months before.Last 12 months: 1,476 bblbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for BABE 940, Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 1,476 bbl in the 12 months through Jul 2026, against 1,989 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 08718, district 10. 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.

95% 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.

  • Transmission line (2)
  • Lease fuel (1)
95% of the gas went to a transmission line in the last 12 monthsShare of BABE 940 gas by disposition code each month, Aug 2023 to Jul 2026. 95% 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
95% of the gas went to a transmission line in the last 12 monthsShare of BABE 940 gas by disposition code each month, Aug 2023 to Jul 2026. 95% 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 08718, district 10. Reported through Jul 2026.

Transmission line (2)

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

Lease fuel (1)

Burned to run equipment on the lease. Not sold, so it pays no royalty. A few percent is normal.

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.

Courson Oil & Gas, Inc. has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeCourson Oil & Gas, Inc., Jan 2020 to Jul 20262020202120222023202420252026Courson Oil & Gas, Inc.Jan 2020 to nowthrough Jul 2026
Operators of this lease over timeCourson Oil & Gas, Inc., Jan 2020 to Jul 20262020202120222023202420252026Courson Oil & Gas, Inc.Jan 2020 to nowthrough Jul 2026

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

Wells

2 wells on this lease

Every well the Railroad Commission links to oil lease 08718 in district 10. The API number is the state’s ID for a well.
Wells on BABE 940
API numberWell no.Status
42-295-337552HMActive
42-295-337884HMActive

SourceTexas Railroad Commission Wellbore Query, district 10, lease 08718.

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

    Cp Energy, L.l.c. gathers it.

    100% of it, on the list since Feb 1, 2015

  • Gas from oil wells

    Dcp Operating Company, LP and Energy Transfer Company buy and gather it.

    Dcp Operating Company, LP buys it: 50% of it, on the list since Apr 1, 2017 · Energy Transfer Company buys it: 50% of it, on the list since Nov 1, 2015 · Dcp Operating Company, LP gathers it: 50% of it, on the list since Apr 1, 2017 · Energy Transfer Company gathers it: 50% of it, on the list since Nov 1, 2015

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

647 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
22 not plugged
Horizontal
2
First completion
Mar 6, 2012
Latest permit
Dec 6, 2011
Wells and acres on the permits for Babe 940
API numberWell no.Acreson the permit
42-295-337884HM647
42-295-337552HM647

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.

Check my decimal against the unit

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 BABE 940 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 BABE 940
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Courson Oil12202,6352,5130$80.46$2.89
Jun 2026Courson Oil1171952,4392,3190$84.81$3.15
May 2026Courson Oil12002,5852,4610$102.13$2.94
Apr 2026Courson Oil1353312,5432,4230$100.32$2.77
Mar 2026Courson Oil12501,6351,5110$91.38$3.04
Feb 2026Courson Oil12702,4912,3790$64.51$3.62
Jan 2026Courson Oil1121922,4482,3360$60.04$7.72
Dec 2025Courson Oil1523872,7022,5780$57.97$4.26
Nov 2025Courson Oil17503,1633,0430$60.06$3.79
Oct 2025Courson Oil6501,7031,6130$60.89$3.19
Sep 2025Courson Oil1221852,0822,0080$63.96$2.97
Aug 2025Courson Oil10402,1482,0560$64.86$2.91
Jul 2025Courson Oil1181832,5552,4310$68.39$3.20
Jun 2025Courson Oil1191912,6752,5550$68.17$3.02
May 2025Courson Oil1501952,7282,6040$62.17$3.12
Apr 2025Courson Oil15602,7082,5880$63.54$3.42
Mar 2025Courson Oil1131922,7922,6680$68.24$4.12
Feb 2025Courson Oil1111952,2672,1550$71.53$4.19
Jan 2025Courson Oil12202,7982,6740$75.74$4.13
Dec 2024Courson Oil1611962,9882,8640$70.12$3.01
Nov 2024Courson Oil14102,9632,8430$69.95$2.12
Oct 2024Courson Oil5337683,0862,9620$71.99$2.20
Sep 2024Courson Oil14703,0862,9660$70.24$2.28
Aug 2024Courson Oil1181913,1973,0730$76.68$1.99
Jul 2024Courson Oil16803,3353,2110$81.80$2.07
Jun 2024Courson Oil1573863,5813,4610$79.77$2.54
May 2024Courson Oil14603,2803,1560$80.02$2.12
Apr 2024Courson Oil2441944,0493,9290$85.35$1.60
Mar 2024Courson Oil2353824,1864,1020$81.28$1.49
Feb 2024Courson Oil001261240$77.25$1.72
Jan 2024Courson Oil5708988660$74.15$3.18
Dec 2023Courson Oil4602,0251,9610$71.90$2.52
Nov 2023Courson Oil1471932,9472,8310$77.69$2.71
Oct 2023Courson Oil15803,3003,1760$85.64$2.98
Sep 2023Courson Oil1303763,1493,0250$89.43$2.64
Aug 2023Courson Oil1171613,3823,2580$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 BABE 940. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Courson Oil & Gas, Inc.

Check my statementTry a sample owner
  • 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

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

This lease belongs to

OperatorCourson Oil & Gas, Inc.FieldKiowa Creek (Marmaton)CountyLipscomb County

Courson Oil & Gas, Inc. in Lipscomb County

All Courson Oil & Gas, Inc. leases →

Kiowa Creek (Marmaton) field

All leases in this field →

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 08718, district 10, 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.