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Royalty Clerk

Texas gas well · RRC district 06 · Lease 228405

Producing

BOUNDS

Bounds is a gas well in Panola County, Texas, operated by Phillips, Jack L. Co. in the Carthage, S. (Cotton Valley) field. The Railroad Commission shows 263 mcf of gas in the 12 months through Jul 2026.

Gas well dossier · 1 well

263mcf gas, last 12 months−46% vs prior year
Operator
Phillips, Jack L. Co.
County
Panola County
Field
Carthage, S. (Cotton Valley)
RRC lease
06-228405

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Where it sits

This county

Panola CountyPanolaGreggUpshurShelbyRuskHarrisonMarionPanola County
Panola County · RRC district 06Open Panola County →
Gas in Jul 2026
35 mcf
Reporting to the state
since Jan 2020
Wells
1
Data through
Jul 2026

Production

Month by month, from the state record

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

Gas output fell 46% over the last 12 months

263 mcf in the 12 months through Jul 2026, against 490 mcf in the 12 months before.

  • Gas (bars, left axis)
  • Oil (line, right axis)
  • Last 12 months
Gas output fell 46% over the last 12 monthsMonthly gas production and oil for BOUNDS, Aug 2023 to Jul 2026. Gas output fell 46% over the last 12 months. 263 mcf in the 12 months through Jul 2026, against 490 mcf in the 12 months before.Last 12 months: 263 mcfmcf per monthbbl per month00201402603804Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 46% over the last 12 monthsMonthly gas production and oil for BOUNDS, Aug 2023 to Jul 2026. Gas output fell 46% over the last 12 months. 263 mcf in the 12 months through Jul 2026, against 490 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month00201402603804Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas well 228405, district 06. 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 BOUNDS 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 BOUNDS 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 228405, district 06. 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.

Phillips, Jack L. Co. has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timePhillips, Jack L. Co., Jan 2020 to Jul 20262020202120222023202420252026Phillips, Jack L. Co.Jan 2020 to nowthrough Jul 2026
Operators of this lease over timePhillips, Jack L. Co., Jan 2020 to Jul 20262020202120222023202420252026Phillips, Jack L. Co.Jan 2020 to nowthrough Jul 2026

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 gas well 228405 in district 06. The API number is the state’s ID for a well.
Wells on BOUNDS
API numberWell no.Status
42-365-364921Active

SourceTexas Railroad Commission Wellbore Query, district 06, lease 228405.

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.

  • Condensate

    Plains Marketing, L.p. gathers it.

    100% of it, on the list since May 15, 2007

  • Gas from gas wells

    Amp II Etx Gathering I, LLC buys and gathers it.

    Amp II Etx Gathering I, LLC buys it: 100% of it, on the list since Aug 1, 2023 · Amp II Etx Gathering I, LLC gathers it: 100% of it, on the list since Aug 1, 2023

Companies that used to be listed: Elevate East Texas Assets, LLC (gathers it, until Aug 1, 2023); Elevate East Texas Assets, LLC (buys it, until Aug 1, 2023); Orion Pipeline, LLC (gathers it, until Jan 1, 2019); Orion Pipeline, LLC (buys it, until Jan 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

82 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
May 15, 2007
Latest permit
Jan 30, 2007
Wells and acres on the permits for Bounds
API numberWell no.Acreson the permit
42-365-36492182

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

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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 BOUNDS sold each month.

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

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 “Gas sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for BOUNDS
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Phillips, Jack0035350$80.46$2.89
Jun 2026Phillips, Jack0061610$84.81$3.15
May 2026Phillips, Jack0026260$102.13$2.94
Apr 2026Phillips, Jack00000$100.32$2.77
Mar 2026Phillips, Jack0023230$91.38$3.04
Feb 2026Phillips, Jack00000$64.51$3.62
Jan 2026Phillips, Jack0028280$60.04$7.72
Dec 2025Phillips, Jack0035350$57.97$4.26
Nov 2025Phillips, Jack0037370$60.06$3.79
Oct 2025Phillips, Jack0018180$60.89$3.19
Sep 2025Phillips, Jack00000$63.96$2.97
Aug 2025Phillips, Jack00000$64.86$2.91
Jul 2025Phillips, Jack3017170$68.39$3.20
Jun 2025Phillips, Jack0028280$68.17$3.02
May 2025Phillips, Jack0063630$62.17$3.12
Apr 2025Phillips, Jack0028280$63.54$3.42
Mar 2025Phillips, Jack00000$68.24$4.12
Feb 2025Phillips, Jack0062620$71.53$4.19
Jan 2025Phillips, Jack0064640$75.74$4.13
Dec 2024Phillips, Jack0038380$70.12$3.01
Nov 2024Phillips, Jack0049490$69.95$2.12
Oct 2024Phillips, Jack0075750$71.99$2.20
Sep 2024Phillips, Jack0066660$70.24$2.28
Aug 2024Phillips, Jack00000$76.68$1.99
Jul 2024Phillips, Jack0057570$81.80$2.07
Jun 2024Phillips, Jack00990$79.77$2.54
May 2024Phillips, Jack0051510$80.02$2.12
Apr 2024Phillips, Jack00990$85.35$1.60
Mar 2024Phillips, Jack0019190$81.28$1.49
Feb 2024Phillips, Jack0028280$77.25$1.72
Jan 2024Phillips, Jack0039390$74.15$3.18
Dec 2023Phillips, Jack0024240$71.90$2.52
Nov 2023Phillips, Jack0022220$77.69$2.71
Oct 2023Phillips, Jack0027270$85.64$2.98
Sep 2023Phillips, Jack0034340$89.43$2.64
Aug 2023Phillips, Jack0042420$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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This lease belongs to

OperatorPhillips, Jack L. Co.FieldCarthage, S. (Cotton Valley)CountyPanola County

Phillips, Jack L. Co. in Panola County

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Carthage, S. (Cotton Valley) field

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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 “Gas sold” volume for the month the check covers and multiply it by your decimal. The answer should match the mcf 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, gas well 228405, district 06, 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 BOUNDS

Who operates the BOUNDS lease?

The Railroad Commission lists Phillips, Jack L. Co. (operator number 663109) as the operator of this lease in Panola County, Texas. The operator history on this page shows earlier operators and when the record changed.

How much has the BOUNDS lease produced?

The lease reported 263 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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