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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 45238

Producing

BILL WATSON 1

Bill Watson 1 is an oil lease in Reeves County, Texas, operated by VTX Energy Operating, LLC in the Wolfbone (Trend Area) field. The Railroad Commission shows 1,690 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

1,690bbl oil, last 12 months−45% vs prior year
Operator
VTX Energy Operating, LLC
County
Reeves County
Field
Wolfbone (Trend Area)
RRC lease
08-45238

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County · RRC district 08Open Reeves County →
Gas, last 12 months
1,319 mcf
Oil in Jul 2026
0 bbl
Reporting to the state
since Jan 2020
Wells
1

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 45% over the last 12 months

1,690 bbl in the 12 months through Jul 2026, against 3,087 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 45% over the last 12 monthsMonthly oil production and gas for BILL WATSON 1, Aug 2023 to Jul 2026. Oil output fell 45% over the last 12 months. 1,690 bbl in the 12 months through Jul 2026, against 3,087 bbl in the 12 months before.Last 12 months: 1,690 bblbbl per monthmcf per month002501005002007503001,0004001,250500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 45% over the last 12 monthsMonthly oil production and gas for BILL WATSON 1, Aug 2023 to Jul 2026. Oil output fell 45% over the last 12 months. 1,690 bbl in the 12 months through Jul 2026, against 3,087 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002501005002007503001,0004001,250500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 45238, 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 flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Jun 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
All of the gas went to flaring in the last 12 monthsShare of BILL WATSON 1 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Jun 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to flaring in the last 12 monthsShare of BILL WATSON 1 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Jun 2025.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 45238, district 08. Reported through Jul 2026.

Processing plant (3)

Sent to a gas plant that pulls out natural gas liquids. Your statement should show plant products, and may show processing fees.

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.

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. 13 months went above 3%, which we mark in the ledger below.

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 3 times, most recently in Jul 2023

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 timeParsley Energy Operations, LLC, Jan 2020 to Jan 2021; Pioneer Natural Res. USA, Inc., Feb 2021 to Nov 2021; Continental Resources, Inc., Dec 2021 to Jun 2023; VTX Energy Operating, LLC, Jul 2023 to Jul 20262020202120222023202420252026Changed Feb 2021Changed Dec 2021Changed Jul 2023Parsley Energy Operations, LLCJan 2020 to Jan 2021Pioneer Natural Res. USA, Inc.Feb 2021 to Nov 2021Continental Resources, Inc.Dec 2021 to Jun 2023VTX Energy Operating, LLCJul 2023 to now
Operators of this lease over timeParsley Energy Operations, LLC, Jan 2020 to Jan 2021; Pioneer Natural Res. USA, Inc., Feb 2021 to Nov 2021; Continental Resources, Inc., Dec 2021 to Jun 2023; VTX Energy Operating, LLC, Jul 2023 to Jul 20262020202120222023202420252026Changed Feb 2021Changed Dec 2021Changed Jul 2023Parsley Energy Operations, LLCJan 2020 to Jan 2021Pioneer Natural Res. USA, Inc.Feb 2021 to Nov 2021Continental Resources, Inc.Dec 2021 to Jun 2023VTX Energy Operating, LLCJul 2023 to now

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

Wells

1 well on this lease

Every well the Railroad Commission links to oil lease 45238 in district 08. The API number is the state’s ID for a well.
Wells on BILL WATSON 1
API numberWell no.Status
42-389-336194Active

SourceTexas Railroad Commission Wellbore Query, district 08, lease 45238.

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

    Plains Marketing, L.p. gathers it.

    100% of it, on the list since Apr 1, 2023

  • Gas from oil wells

    Energy Transfer Company buys and gathers it.

    Energy Transfer Company buys it: 100% of it, on the list since Apr 1, 2023 · Energy Transfer Company gathers it: 100% of it, on the list since Apr 1, 2023

Companies that used to be listed: Energy Transfer Company (gathers it, until Apr 1, 2023); Energy Transfer Company (buys it, until Apr 1, 2023); Transoil Marketing, LLC (gathers it, until Apr 1, 2023); Lion Oil Trading & Trans, LLC (gathers it, until Jan 1, 2022).

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

160 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
11 not plugged
Horizontal
0
First completion
Apr 23, 2013
Latest permit
Jan 29, 2013
Wells and acres on the permits for Bill Watson 1
API numberWell no.Acreson the permit
42-389-336194160

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 BILL WATSON 1 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.

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 BILL WATSON 1
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026VTX Energy001240124$80.46$2.89
Jun 2026VTX Energy001320132$84.81$3.15
May 2026VTX Energy001100110$102.13$2.94
Apr 2026VTX Energy11030030$100.32$2.77
Mar 2026VTX Energy00000$91.38$3.04
Feb 2026VTX Energy8618175075$64.51$3.62
Jan 2026VTX Energy2211901540154$60.04$7.72
Dec 2025VTX Energy1971911420142$57.97$4.26
Nov 2025VTX Energy2021941280128$60.06$3.79
Oct 2025VTX Energy2461931100110$60.89$3.19
Sep 2025VTX Energy4643861640164$63.96$2.97
Aug 2025VTX Energy2633831500150$64.86$2.91
Jul 2025VTX Energy00000$68.39$3.20
Jun 2025VTX Energy67095095$68.17$3.02
May 2025VTX Energy170000$62.17$3.12
Apr 2025VTX Energy00000$63.54$3.42
Mar 2025VTX Energy330000$68.24$4.12
Feb 2025VTX Energy214373000$71.53$4.19
Jan 2025VTX Energy375561000$75.74$4.13
Dec 2024VTX Energy621554000$70.12$3.01
Nov 2024VTX Energy6821,051000$69.95$2.12
Oct 2024VTX Energy618552000$71.99$2.20
Sep 2024VTX Energy2990000$70.24$2.28
Aug 2024VTX Energy161022220$76.68$1.99
Jul 2024VTX Energy28545000$81.80$2.07
Jun 2024VTX Energy49236534340$79.77$2.54
May 2024VTX Energy57933849490$80.02$2.12
Apr 2024VTX Energy33718331310$85.35$1.60
Mar 2024VTX Energy38648136360$81.28$1.49
Feb 2024VTX Energy27754764640$77.25$1.72
Jan 2024VTX Energy27937446460$74.15$3.18
Dec 2023VTX Energy33455160600$71.90$2.52
Nov 2023VTX Energy1,15383772720$77.69$2.71
Oct 2023VTX Energy426029552243$85.64$2.98
Sep 2023VTX Energy38136795140$89.43$2.64
Aug 2023VTX Energy42336995160$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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Around this lease

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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

OperatorVTX Energy Operating, LLCFieldWolfbone (Trend Area)CountyReeves County

VTX Energy Operating, LLC in Reeves County

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Wolfbone (Trend Area) field

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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 45238, 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.

FAQ

Questions about BILL WATSON 1

Who operates the BILL WATSON 1 lease?

The Railroad Commission lists VTX Energy Operating, LLC (operator number 101377) as the operator of this lease in Reeves County, Texas. The operator history on this page shows earlier operators and when the record changed.

How much has the BILL WATSON 1 lease produced?

The lease reported 1,690 bbl of oil and 1,319 mcf of gas in the last 12 months through Jul 2026. Monthly figures for 36 months are in the ledger on this page, taken from the Railroad Commission's production data.

Does this page show who owns the royalty?

No. Railroad Commission records show who operates a lease and what it reported, not who owns the minerals or receives royalty. Your division order and royalty stub name the lease and your decimal interest.

How do I check my royalty stub against this lease?

Multiply the lease's volume for a month by your decimal interest and compare it with the barrels and mcf on your stub for the same month. The two are seldom identical, since sales and reporting months can differ, but a large gap is worth a question to the operator.

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