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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 59126

Producing

BILLY BONES

Billy Bones is an oil lease in Crane County, Texas, operated by Blackbeard Operating, LLC in the Armer (6350) field. The Railroad Commission shows 121,781 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 8 wells

121,781bbl oil, last 12 months+44% vs prior year
Operator
Blackbeard Operating, LLC
County
Crane County
Field
Armer (6350)
RRC lease
08-59126

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County · RRC district 08Open Crane County →
Gas, last 12 months
292,809 mcf
Oil in Jul 2026
12,575 bbl
Reporting to the state
since Feb 2023
Wells
8

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 rose 44% over the last 12 months

121,781 bbl in the 12 months through Jul 2026, against 84,747 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output rose 44% over the last 12 monthsMonthly oil production and gas for BILLY BONES, Aug 2023 to Jul 2026. Oil output rose 44% over the last 12 months. 121,781 bbl in the 12 months through Jul 2026, against 84,747 bbl in the 12 months before.Last 12 months: 121,781 bblbbl per monthmcf per month005,00020k10k40k15k60k20k80kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 44% over the last 12 monthsMonthly oil production and gas for BILLY BONES, Aug 2023 to Jul 2026. Oil output rose 44% over the last 12 months. 121,781 bbl in the 12 months through Jul 2026, against 84,747 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00020k10k40k15k60k20k80kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 59126, 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.

97% of the gas went to a processing plant in the last 12 months

Flaring peaked at 13.9% of the gas in Apr 2025.

  • Processing plant (3)
  • Flared (4)
97% of the gas went to a processing plant in the last 12 monthsShare of BILLY BONES gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a processing plant in the last 12 months. Flaring peaked at 13.9% of the gas in Apr 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 13.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
97% of the gas went to a processing plant in the last 12 monthsShare of BILLY BONES gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a processing plant in the last 12 months. Flaring peaked at 13.9% of the gas in Apr 2025.Share of gas by disposition code0%50%100%Flared 13.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 59126, 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.

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, 2.6% of the gas was flared. 6 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.

Blackbeard Operating, LLC has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeBlackbeard Operating, LLC, Feb 2023 to Jul 2026202420252026Blackbeard Operating, LLCFeb 2023 to nowthrough Jul 2026
Operators of this lease over timeBlackbeard Operating, LLC, Feb 2023 to Jul 2026202420252026Blackbeard Operating, LLCFeb 2023 to nowthrough Jul 2026

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

Wells

8 wells on this lease

Every well the Railroad Commission links to oil lease 59126 in district 08. The API number is the state’s ID for a well.
Wells on BILLY BONES
API numberWell no.Status
42-103-370101Active
42-103-371002Active
42-103-371448Active
42-103-371603Active
42-103-373144Active
42-103-373155Active
42-103-373166Active
42-103-3756128Active

SourceTexas Railroad Commission Wellbore Query, district 08, lease 59126.

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

    Energy Trans Crude Marketing LLC, Nile Midstream, LLC, Anchor Crude Marketing, LLC and Sentinel Transportation, LLC gather it.

    Energy Trans Crude Marketing LLC gathers it: 80% of it, on the list since Feb 1, 2025 · Nile Midstream, LLC gathers it: 10% of it, on the list since Feb 1, 2025 · Anchor Crude Marketing, LLC gathers it: 5% of it, on the list since Oct 2, 2023 · Sentinel Transportation, LLC gathers it: 5% of it, on the list since Feb 1, 2025

  • Gas from oil wells

    Targa Midstream Services LLC buys and gathers it.

    Targa Midstream Services LLC buys it: 100% of it, on the list since Aug 1, 2023 · Targa Midstream Services LLC gathers it: 100% of it, on the list since Aug 1, 2023

Companies that used to be listed: Enterprise Crude Oil LLC (gathers it, until Feb 1, 2025); Nile Midstream, LLC (gathers it, until Feb 1, 2025); Oasis Transp & Marketing Corp. (gathers it, until Feb 1, 2025); Plains Marketing, L.p. (gathers it, until Feb 1, 2025); Sentinel Transportation, LLC (gathers it, until Feb 1, 2025); Shell Trading (Us) Company (gathers it, until Feb 1, 2025).

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

320 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
88 not plugged
Horizontal
0
First completion
Feb 24, 2023
Latest permit
Mar 19, 2026

The wells on this lease state different acreage

The permits state between 160 and 320 acres. Use the acres from your own division order for the well you are paid on.

8 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 Billy Bones
API numberWell no.Acreson the permit
42-103-371002320
42-103-371448320
42-103-373155320
42-103-3756128320
42-103-373166320
42-103-373144320
42-103-371603160
42-103-370101160

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 BILLY BONES 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 BILLY BONES
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Blackbeard Operating,12,57512,71237,42137,34873$80.46$2.89
Jun 2026Blackbeard Operating,12,32412,28333,11932,288831$84.81$3.15
May 2026Blackbeard Operating,18,10217,91134,59131,7022,889$102.13$2.94
Apr 2026Blackbeard Operating,9,2629,29117,46216,1551,307$100.32$2.77
Mar 2026Blackbeard Operating,7,8227,73825,21024,783427$91.38$3.04
Feb 2026Blackbeard Operating,8,6408,70321,24621,15096$64.51$3.62
Jan 2026Blackbeard Operating,8,1578,15918,46618,130336$60.04$7.72
Dec 2025Blackbeard Operating,9,4479,39822,62422,6240$57.97$4.26
Nov 2025Blackbeard Operating,8,1068,20519,82219,73686$60.06$3.79
Oct 2025Blackbeard Operating,9,7649,61619,81119,648163$60.89$3.19
Sep 2025Blackbeard Operating,8,6028,75921,00220,95250$63.96$2.97
Aug 2025Blackbeard Operating,8,9809,13622,03520,6881,347$64.86$2.91
Jul 2025Blackbeard Operating,9,3449,12319,62519,405220$68.39$3.20
Jun 2025Blackbeard Operating,7,1847,23317,94417,87173$68.17$3.02
May 2025Blackbeard Operating,9,0409,03522,44622,238208$62.17$3.12
Apr 2025Blackbeard Operating,7,5747,53728,97124,9374,034$63.54$3.42
Mar 2025Blackbeard Operating,6,1326,01427,59326,677916$68.24$4.12
Feb 2025Blackbeard Operating,4,4984,59518,79418,77519$71.53$4.19
Jan 2025Blackbeard Operating,5,9485,92625,81125,571240$75.74$4.13
Dec 2024Blackbeard Operating,6,5946,80623,06723,00958$70.12$3.01
Nov 2024Blackbeard Operating,6,3956,24522,71922,103616$69.95$2.12
Oct 2024Blackbeard Operating,6,9696,94427,97527,626349$71.99$2.20
Sep 2024Blackbeard Operating,7,4807,45827,57026,973597$70.24$2.28
Aug 2024Blackbeard Operating,7,5897,51828,19727,629568$76.68$1.99
Jul 2024Blackbeard Operating,8,7698,90336,01636,0160$81.80$2.07
Jun 2024Blackbeard Operating,9,5799,53844,10143,837264$79.77$2.54
May 2024Blackbeard Operating,9,0439,03329,75628,870886$80.02$2.12
Apr 2024Blackbeard Operating,9,5989,55323,45223,343109$85.35$1.60
Mar 2024Blackbeard Operating,11,09311,34826,59626,393203$81.28$1.49
Feb 2024Blackbeard Operating,10,55110,30126,27726,22354$77.25$1.72
Jan 2024Blackbeard Operating,10,91111,11627,41325,9721,441$74.15$3.18
Dec 2023Blackbeard Operating,12,51712,59931,82431,8240$71.90$2.52
Nov 2023Blackbeard Operating,11,18611,15727,45027,4500$77.69$2.71
Oct 2023Blackbeard Operating,16,61316,61943,76243,7620$85.64$2.98
Sep 2023Blackbeard Operating,17,42317,13456,25956,2590$89.43$2.64
Aug 2023Blackbeard Operating,15,54515,85666,76266,295467$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

OperatorBlackbeard Operating, LLCFieldArmer (6350)CountyCrane County

Blackbeard Operating, LLC in Crane County

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Armer (6350) 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 59126, 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.