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Royalty Clerk

Texas oil lease · RRC district 05 · Lease 04434

Producing

CATFISH

Catfish is an oil lease in Wood County, Texas, operated by Valence Operating Company in the Como (Rodessa Hill, Lo.) field. The Railroad Commission shows 25,695 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 2 wells

25,695bbl oil, last 12 months−27% vs prior year
Operator
Valence Operating Company
County
Wood County
Field
Como (Rodessa Hill, Lo.)
RRC lease
05-04434

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Where it sits

This county

Wood CountyWoodFranklinVan ZandtHuntGreggUpshurMorrisHopkinsSmithDeltaTitusCampRainsWood County
Wood County · RRC district 05Open Wood County →
Gas, last 12 months
159,366 mcf
Oil in Jul 2026
1,717 bbl
Reporting to the state
since Jun 2021
Wells
2

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 27% over the last 12 months

25,695 bbl in the 12 months through Jul 2026, against 35,434 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 27% over the last 12 monthsMonthly oil production and gas for CATFISH, Aug 2023 to Jul 2026. Oil output fell 27% over the last 12 months. 25,695 bbl in the 12 months through Jul 2026, against 35,434 bbl in the 12 months before.Last 12 months: 25,695 bblbbl per monthmcf per month002,00010k4,00020k6,00030k8,00040kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 27% over the last 12 monthsMonthly oil production and gas for CATFISH, Aug 2023 to Jul 2026. Oil output fell 27% over the last 12 months. 25,695 bbl in the 12 months through Jul 2026, against 35,434 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,00010k4,00020k6,00030k8,00040kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 04434, district 05. 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.

88% 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)
  • Flared (4)
88% of the gas went to a transmission line in the last 12 monthsShare of CATFISH gas by disposition code each month, Aug 2023 to Jul 2026. 88% 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
88% of the gas went to a transmission line in the last 12 monthsShare of CATFISH gas by disposition code each month, Aug 2023 to Jul 2026. 88% 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 04434, district 05. 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.

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, 1.3% of the gas was flared. No month went above 3%.

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, Jun 2021 to Jul 202620222023202420252026Valence Operating CompanyJun 2021 to nowthrough Jul 2026
Operators of this lease over timeValence Operating Company, Jun 2021 to Jul 202620222023202420252026Valence Operating CompanyJun 2021 to nowthrough Jul 2026

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

Wells

2 wells on this lease

Every well the Railroad Commission links to oil lease 04434 in district 05. The API number is the state’s ID for a well.
Wells on CATFISH
API numberWell no.Status
42-499-321921HActive
42-499-321972HActive

SourceTexas Railroad Commission Wellbore Query, district 05, lease 04434.

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

    Dk Trading & Supply, LLC gathers it.

    100% of it, on the list since May 1, 2025

  • Gas from oil wells

    Midcoast Pipelines (E Tx) L.p. buys and gathers it.

    Midcoast Pipelines (E Tx) L.p. buys it: 100% of it, on the list since Jun 8, 2021 · Midcoast Pipelines (E Tx) L.p. gathers it: 100% of it, on the list since Jun 8, 2021

Companies that used to be listed: Lion Oil Trading & Trans, LLC (gathers it, until May 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

673.43 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
22 not plugged
Horizontal
2
First completion
Jun 8, 2021
Latest permit
Jan 24, 2022

The wells on this lease state different acreage

The permits state between 220.44 and 673.43 acres. Use the acres from your own division order for the well you are paid on.

Wells and acres on the permits for Catfish
API numberWell no.Acreson the permit
42-499-321972H673.43
42-499-321921H220.44

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.

Check my decimal against the unit

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 CATFISH 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 CATFISH
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Valence Operating1,7171,63913,59111,872133$80.46$2.89
Jun 2026Valence Operating1,7322,04214,06112,193296$84.81$3.15
May 2026Valence Operating2,0571,99214,83712,941131$102.13$2.94
Apr 2026Valence Operating1,9471,83313,41711,581293$100.32$2.77
Mar 2026Valence Operating2,0342,12012,32311,518303$91.38$3.04
Feb 2026Valence Operating1,9612,0769,7608,397110$64.51$3.62
Jan 2026Valence Operating2,1421,93110,9189,343222$60.04$7.72
Dec 2025Valence Operating2,3832,52613,11111,452116$57.97$4.26
Nov 2025Valence Operating2,3582,26313,28411,557110$60.06$3.79
Oct 2025Valence Operating2,5892,48616,43414,534126$60.89$3.19
Sep 2025Valence Operating2,3332,53312,56611,507111$63.96$2.97
Aug 2025Valence Operating2,4422,18515,06413,388114$64.86$2.91
Jul 2025Valence Operating2,6442,66616,97714,893146$68.39$3.20
Jun 2025Valence Operating2,5562,56514,14912,152106$68.17$3.02
May 2025Valence Operating2,4782,59214,24612,080186$62.17$3.12
Apr 2025Valence Operating2,6642,65116,77314,519181$63.54$3.42
Mar 2025Valence Operating2,9862,99718,44815,990225$68.24$4.12
Feb 2025Valence Operating2,6352,72514,95512,716200$71.53$4.19
Jan 2025Valence Operating3,0263,06817,93915,271222$75.74$4.13
Dec 2024Valence Operating3,1513,17318,74016,058260$70.12$3.01
Nov 2024Valence Operating3,1523,16718,64516,257218$69.95$2.12
Oct 2024Valence Operating3,3063,13519,91217,165223$71.99$2.20
Sep 2024Valence Operating3,1543,23318,87816,250287$70.24$2.28
Aug 2024Valence Operating3,6823,64520,77118,121245$76.68$1.99
Jul 2024Valence Operating3,8623,85221,83118,928245$81.80$2.07
Jun 2024Valence Operating3,8113,81320,57217,755252$79.77$2.54
May 2024Valence Operating4,0064,00622,39219,116517$80.02$2.12
Apr 2024Valence Operating4,0503,98819,91917,091494$85.35$1.60
Mar 2024Valence Operating3,7703,89519,86517,064263$81.28$1.49
Feb 2024Valence Operating3,7313,61316,80016,065305$77.25$1.72
Jan 2024Valence Operating3,5153,77818,78016,574481$74.15$3.18
Dec 2023Valence Operating4,0843,87323,72520,790254$71.90$2.52
Nov 2023Valence Operating4,3764,53324,26821,432258$77.69$2.71
Oct 2023Valence Operating4,5044,31026,09023,010355$85.64$2.98
Sep 2023Valence Operating4,7144,81626,07123,171302$89.43$2.64
Aug 2023Valence Operating5,3755,20127,73124,525334$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 CompanyFieldComo (Rodessa Hill, Lo.)CountyWood County

Valence Operating Company in Wood County

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Como (Rodessa Hill, Lo.) 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 04434, district 05, 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.