Skip to content
Royalty Clerk

Texas oil lease · RRC district 08 · Lease 38873

Producing

CASSELMAN40

Casselman40 is an oil lease in Midland County, Texas, operated by Apache Corporation in the Spraberry (Trend Area) field. The Railroad Commission shows 58,888 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 31 wells

58,888bbl oil, last 12 months0% vs prior year
RRC lease
08-38873

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

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County · RRC district 08Open Midland County →
Gas, last 12 months
521,274 mcf
Oil in Jul 2026
3,938 bbl
Reporting to the state
since Jan 2020
Wells
31

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 held steady over the last 12 months

58,888 bbl in the 12 months through Jul 2026, against 59,070 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for CASSELMAN40, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 58,888 bbl in the 12 months through Jul 2026, against 59,070 bbl in the 12 months before.Last 12 months: 58,888 bblbbl per monthmcf per month005,00025k10k50k15k75k20k100kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for CASSELMAN40, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 58,888 bbl in the 12 months through Jul 2026, against 59,070 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00025k10k50k15k75k20k100kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 38873, 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.

Since Aug 2024 the lease's gas goes to a transmission line instead of a processing plant

Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not. Flaring peaked at 16.8% of the gas in Jun 2024.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Aug 2024 the lease's gas goes to a transmission line instead of a processing plantShare of CASSELMAN40 gas by disposition code each month, Aug 2023 to Jul 2026. Since Aug 2024 the lease's gas goes to a transmission line instead of a processing plant. Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not. Flaring peaked at 16.8% of the gas in Jun 2024.Share of the lease’s gas by disposition code, per month0%50%100%Aug 2024: plant to lineFlared 16.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Aug 2024 the lease's gas goes to a transmission line instead of a processing plantShare of CASSELMAN40 gas by disposition code each month, Aug 2023 to Jul 2026. Since Aug 2024 the lease's gas goes to a transmission line instead of a processing plant. Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not. Flaring peaked at 16.8% of the gas in Jun 2024.Share of gas by disposition code0%50%100%Aug 24: plant to lineFlared 16.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 38873, 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, 0.3% of the gas was flared. 3 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 once, most recently in Aug 2024

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 timeCallon Petroleum Operating Co, Jan 2020 to Jul 2024; Apache Corporation, Aug 2024 to Jul 20262020202120222023202420252026Changed Aug 2024Callon Petroleum Operating CoJan 2020 to Jul 2024Apache CorporationAug 2024 to now
Operators of this lease over timeCallon Petroleum Operating Co, Jan 2020 to Jul 2024; Apache Corporation, Aug 2024 to Jul 20262020202120222023202420252026Changed Aug 2024Callon Petroleum Operating CoJan 2020 to Jul 2024Apache CorporationAug 2024 to now

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

Wells

31 wells on this lease

Every well the Railroad Commission links to oil lease 38873 in district 08. The API number is the state’s ID for a well.
Wells on CASSELMAN40
API numberWell no.Status
42-329-359354Shut-in
42-329-359633Shut-in
42-329-360571Active
42-329-364452Shut-in
42-329-367618Shut-in
42-329-368715Active
42-329-369067Shut-in
42-329-369466Active
42-329-3694711Shut-in
42-329-3695114Shut-in
42-329-3695215Shut-in
42-329-3695316Shut-in
42-329-3801033Active
42-329-3801236Shut-in
42-329-3801337Active
42-329-3813834Shut-in
42-329-394829Active
42-329-395604LSActive
42-329-405011SHActive
42-329-405032SHActive
42-329-409496LLActive
42-329-409507ULActive
42-329-409518LLActive
42-329-414455LLActive
42-329-414469ULActive
42-329-4144710ULActive
42-329-4185821AHActive
42-329-4209414HActive
42-329-4284619HActive
42-329-4284720HActive
42-329-4284826AHActive

SourceTexas Railroad Commission Wellbore Query, district 08, lease 38873.

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

    Enterprise Crude Pipeline LLC, Energy Transfer Marketing & Term, Enterprise Crude Oil LLC, Plains Marketing, L.p. and Rio Energy International, Inc. gather it.

    Enterprise Crude Pipeline LLC gathers it: 80% of it, on the list since Oct 1, 2023 · Energy Transfer Marketing & Term gathers it: 5% of it, on the list since Oct 1, 2023 · Enterprise Crude Oil LLC gathers it: 5% of it, on the list since Jan 6, 2017 · Plains Marketing, L.p. gathers it: 5% of it, on the list since Jan 6, 2017 · Rio Energy International, Inc. gathers it: 5% of it, on the list since Jan 6, 2017

  • Gas from oil wells

    Enlink Gas Marketing, LP buys it; Enlink Midstream Services, LLC gathers it.

    Enlink Gas Marketing, LP buys it: 100% of it, on the list since Dec 15, 2016 · Enlink Midstream Services, LLC gathers it: 100% of it, on the list since Oct 1, 2023

Companies that used to be listed: Enlink North Texas Gathering, LP (gathers it, until Oct 1, 2023); Enterprise Crude Pipeline LLC (gathers it, until Oct 1, 2023); Lpc Crude Oil Marketing LLC (gathers it, until Oct 1, 2023); Ngl Crude Logistics, LLC (gathers it, until Oct 1, 2023); Sunoco Ptnrs. Mktg.&terminals LP (gathers it, until Oct 1, 2023).

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.

Unit and wells

660.40 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
3125 not plugged
Horizontal
14
First completion
Jul 24, 2008
Latest permit
Sep 17, 2018

31 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 Casselman40
API numberWell no.Acreson the permit
42-329-4284619H660.40
42-329-4284720H660.40
42-329-4284826AH660.40
42-329-4209414H660.40
42-329-4185821AH660.40
42-329-414455LL660.40
42-329-414469UL660.40
42-329-4144710UL660.40
42-329-409496LL660.40
42-329-409507UL660.40
42-329-409518LL660.40
42-329-405011SH660.40

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.

What the operator reported

What APA Corporation told investors it received

Apache Corporation is linked to APA Corporation (APA). Public companies report the average price they realize each quarter. It is an average across everything the company operates, not the price on this lease.
Realized prices reported by APA Corporation
QuarterOil$ per bblFiling
Q2 2026$98.24SEC filing
Q1 2026$78.69SEC filing
Q4 2025$61.03SEC filing
Q3 2025$67.43SEC filing
Q2 2025$65.58SEC filing
Q1 2025$73.73SEC filing

SourceAPA Corporation quarterly reports on SEC EDGAR, prices before hedging where the company states both. Read by machine from each filing’s tables; the link opens the filing so you can check the figure.

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 CASSELMAN40 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 CASSELMAN40
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Apache Corporation3,9384,01739,52039,5200$80.46$2.89
Jun 2026Apache Corporation4,7514,59745,00845,0080$84.81$3.15
May 2026Apache Corporation5,9146,20148,32448,3240$102.13$2.94
Apr 2026Apache Corporation6,5936,42247,07847,0780$100.32$2.77
Mar 2026Apache Corporation5,0775,06740,54140,381160$91.38$3.04
Feb 2026Apache Corporation4,2274,70338,69337,6290$64.51$3.62
Jan 2026Apache Corporation4,2613,87340,72138,1341,409$60.04$7.72
Dec 2025Apache Corporation4,7384,58641,29940,1210$57.97$4.26
Nov 2025Apache Corporation5,0014,98244,17143,0301$60.06$3.79
Oct 2025Apache Corporation5,6205,61548,67047,4920$60.89$3.19
Sep 2025Apache Corporation4,0784,11941,86341,8630$63.96$2.97
Aug 2025Apache Corporation4,6904,91845,38645,3860$64.86$2.91
Jul 2025Apache Corporation5,3695,30148,03548,0350$68.39$3.20
Jun 2025Apache Corporation6,1376,24147,73847,7380$68.17$3.02
May 2025Apache Corporation4,7764,47640,55640,51343$62.17$3.12
Apr 2025Apache Corporation4,6184,76739,23838,2371,001$63.54$3.42
Mar 2025Apache Corporation5,0824,91944,71744,7170$68.24$4.12
Feb 2025Apache Corporation4,1104,28135,80334,7390$71.53$4.19
Jan 2025Apache Corporation5,2125,21051,34250,1640$75.74$4.13
Dec 2024Apache Corporation6,2386,10056,37155,1930$70.12$3.01
Nov 2024Apache Corporation4,2884,39055,33053,526664$69.95$2.12
Oct 2024Apache Corporation4,9875,15744,08442,9060$71.99$2.20
Sep 2024Apache Corporation3,4993,29937,46637,4470$70.24$2.28
Aug 2024Apache Corporation4,7544,79850,37550,3560$76.68$1.99
Jul 2024Callon Petroleum5,9265,86268,18467,5950$81.80$2.07
Jun 2024Callon Petroleum6,4856,48870,88358,37911,934$79.77$2.54
May 2024Callon Petroleum6,8416,84578,72374,3253,809$80.02$2.12
Apr 2024Callon Petroleum7,3647,46677,42976,8590$85.35$1.60
Mar 2024Callon Petroleum9,6759,68889,71388,561563$81.28$1.49
Feb 2024Callon Petroleum10,13910,08685,67585,1240$77.25$1.72
Jan 2024Callon Petroleum10,55310,42184,00683,4170$74.15$3.18
Dec 2023Callon Petroleum10,61310,65486,64386,0540$71.90$2.52
Nov 2023Callon Petroleum10,33310,48286,90186,3310$77.69$2.71
Oct 2023Callon Petroleum12,86412,67490,39189,8020$85.64$2.98
Sep 2023Callon Petroleum8,2448,30777,73477,1640$89.43$2.64
Aug 2023Callon Petroleum7,7687,70276,95876,3650$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 CASSELMAN40. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Apache Corporation.

  • 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.

Apache Corporation in Midland County

All Apache Corporation leases →

Spraberry (Trend Area) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

  • FEE BN 3328

    734,825 mcf last 12 months · 0.8 km away

  • FEE BN 3328

    735,762 mcf last 12 months · 0.8 km away

  • FEE "AD"

    31,528 bbl last 12 months · 0.9 km away

  • FEE 'BH'

    36,155 bbl last 12 months · 1 km away

  • FEE BAR A

    741,435 mcf last 12 months · 1 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 38873, 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 CASSELMAN40

Who operates the CASSELMAN40 lease?

The Railroad Commission lists Apache Corporation (operator number 027200) as the operator of this lease in Midland County, Texas. The operator history on this page shows earlier operators and when the record changed.

How much has the CASSELMAN40 lease produced?

The lease reported 58,888 bbl of oil and 521,274 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.

Check my statement