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Royalty Clerk

Texas oil lease · RRC district 06 · Lease 15060

Producing

BURNS

Burns is an oil lease in Cherokee County, Texas, operated by Valence Operating Company in the P.l. (Rodessa) field. The Railroad Commission shows 2,197 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

2,197bbl oil, last 12 months+33% vs prior year
Operator
Valence Operating Company
County
Cherokee County
Field
P.l. (Rodessa)
RRC lease
06-15060

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Where it sits

This county

Cherokee CountyCherokeeAndersonNacogdochesSmithRuskHendersonCherokee County
Cherokee County · RRC district 06Open Cherokee County →
Gas, last 12 months
15,646 mcf
Oil in Jul 2026
150 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 rose 33% over the last 12 months

2,197 bbl in the 12 months through Jul 2026, against 1,657 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output rose 33% over the last 12 monthsMonthly oil production and gas for BURNS, Aug 2023 to Jul 2026. Oil output rose 33% over the last 12 months. 2,197 bbl in the 12 months through Jul 2026, against 1,657 bbl in the 12 months before.Last 12 months: 2,197 bblbbl per monthmcf per month00505001001,0001501,5002002,0002502,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 33% over the last 12 monthsMonthly oil production and gas for BURNS, Aug 2023 to Jul 2026. Oil output rose 33% over the last 12 months. 2,197 bbl in the 12 months through Jul 2026, against 1,657 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00505001001,0001501,5002002,0002502,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 15060, 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.

93% 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)
93% of the gas went to a transmission line in the last 12 monthsShare of BURNS gas by disposition code each month, Aug 2023 to Jul 2026. 93% 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
93% of the gas went to a transmission line in the last 12 monthsShare of BURNS gas by disposition code each month, Aug 2023 to Jul 2026. 93% 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 15060, 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.

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.

Valence Operating Company has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeValence Operating Company, Jan 2020 to Jul 20262020202120222023202420252026Valence Operating CompanyJan 2020 to nowthrough Jul 2026
Operators of this lease over timeValence Operating Company, Jan 2020 to Jul 20262020202120222023202420252026Valence Operating CompanyJan 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 oil lease 15060 in district 06. The API number is the state’s ID for a well.
Wells on BURNS
API numberWell no.Status
42-073-314582Active

SourceTexas Railroad Commission Wellbore Query, district 06, lease 15060.

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

    Eastex Crude Company, LLC gathers it.

    100% of it, on the list since Sep 1, 2026

  • Gas from oil wells

    Midcoast G & P (East Texas) L.p. buys it; Midcoast Pipelines (E Tx) L.p. gathers it.

    Midcoast G & P (East Texas) L.p. buys it: 100% of it, on the list since Oct 1, 2020 · Midcoast Pipelines (E Tx) L.p. gathers it: 100% of it, on the list since Oct 1, 2020

Companies that used to be listed: Dk Trading & Supply, LLC (gathers it, until Sep 1, 2026); Eastex Crude Company, LLC (gathers it, until Sep 1, 2026); Eastex Crude Company (gathers it, until Jan 1, 2023); Lion Oil Trading & Trans, LLC (gathers it, until Jan 1, 2023); Energy Transfer Company (gathers it, until Oct 1, 2020); Midcoast Pipelines (E Tx) L.p. (gathers it, until Oct 1, 2020).

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

597.98 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
Dec 8, 2010
Latest permit
Sep 15, 2009
Wells and acres on the permits for Burns
API numberWell no.Acreson the permit
42-073-314582597.98

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 BURNS 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 BURNS
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Valence Operating15001,4311,3300$80.46$2.89
Jun 2026Valence Operating2383501,2031,1190$84.81$3.15
May 2026Valence Operating15401,1621,0770$102.13$2.94
Apr 2026Valence Operating1421711,3101,2070$100.32$2.77
Mar 2026Valence Operating1991721,4481,3430$91.38$3.04
Feb 2026Valence Operating2183581,5741,4580$64.51$3.62
Jan 2026Valence Operating11001,4441,3480$60.04$7.72
Dec 2025Valence Operating1821745945530$57.97$4.26
Nov 2025Valence Operating1552401,3861,2650$60.06$3.79
Oct 2025Valence Operating1961711,8311,6890$60.89$3.19
Sep 2025Valence Operating2433461,7201,6140$63.96$2.97
Aug 2025Valence Operating21005435290$64.86$2.91
Jul 2025Valence Operating00110$68.39$3.20
Jun 2025Valence Operating28162330$68.17$3.02
May 2025Valence Operating1021786856450$62.17$3.12
Apr 2025Valence Operating2071621,1021,0520$63.54$3.42
Mar 2025Valence Operating1511709749310$68.24$4.12
Feb 2025Valence Operating12401501500$71.53$4.19
Jan 2025Valence Operating1861688107920$75.74$4.13
Dec 2024Valence Operating1631738768550$70.12$3.01
Nov 2024Valence Operating1861628808590$69.95$2.12
Oct 2024Valence Operating1571649679440$71.99$2.20
Sep 2024Valence Operating1481589349120$70.24$2.28
Aug 2024Valence Operating2051809329110$76.68$1.99
Jul 2024Valence Operating1591729429200$81.80$2.07
Jun 2024Valence Operating1681708948730$79.77$2.54
May 2024Valence Operating1461569459230$80.02$2.12
Apr 2024Valence Operating1753049329100$85.35$1.60
Mar 2024Valence Operating1661679659420$81.28$1.49
Feb 2024Valence Operating1621725365240$77.25$1.72
Jan 2024Valence Operating1641697156990$74.15$3.18
Dec 2023Valence Operating14909519290$71.90$2.52
Nov 2023Valence Operating1201657617430$77.69$2.71
Oct 2023Valence Operating1321684194120$85.64$2.98
Sep 2023Valence Operating1611715305180$89.43$2.64
Aug 2023Valence Operating11204644550$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

OperatorValence Operating CompanyFieldP.l. (Rodessa)CountyCherokee County

Valence Operating Company in Cherokee County

All Valence Operating Company leases →

P.l. (Rodessa) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

  • POOLE

    80,884 mcf last 12 months · 0.4 km away

  • PBGM

    128,772 mcf last 12 months · 0.4 km away

  • POOLE

    143 mcf last 12 months · 0.5 km away

  • BURNS

    12,734 mcf last 12 months · 0.5 km away

  • GRAY

    0 mcf last 12 months · 0.5 km away

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 15060, 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.