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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 48443

Producing

CHOLLA STATE 2-4

Cholla State 2-4 is an oil lease in Reeves County, Texas, operated by Anadarko E&P Onshore LLC in the Phantom (Wolfcamp) field. The Railroad Commission shows 44,325 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

44,325bbl oil, last 12 months−27% vs prior year
Operator
Anadarko E&P Onshore LLC
County
Reeves County
Field
Phantom (Wolfcamp)
RRC lease
08-48443

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County · RRC district 08Open Reeves County →
Gas, last 12 months
151,918 mcf
Oil in Jul 2026
3,862 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 fell 27% over the last 12 months

44,325 bbl in the 12 months through Jul 2026, against 60,677 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 CHOLLA STATE 2-4, Aug 2023 to Jul 2026. Oil output fell 27% over the last 12 months. 44,325 bbl in the 12 months through Jul 2026, against 60,677 bbl in the 12 months before.Last 12 months: 44,325 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 CHOLLA STATE 2-4, Aug 2023 to Jul 2026. Oil output fell 27% over the last 12 months. 44,325 bbl in the 12 months through Jul 2026, against 60,677 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 48443, 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 Jan 2026 the lease's gas goes to a processing plant instead of a transmission line

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 6.4% of the gas in Jan 2026.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Jan 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of CHOLLA STATE 2-4 gas by disposition code each month, Aug 2023 to Jul 2026. Since Jan 2026 the lease's gas goes to a processing plant instead of a transmission line. 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 6.4% of the gas in Jan 2026.Share of the lease’s gas by disposition code, per month0%50%100%Jan 2026: line to plantFlared 6.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jan 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of CHOLLA STATE 2-4 gas by disposition code each month, Aug 2023 to Jul 2026. Since Jan 2026 the lease's gas goes to a processing plant instead of a transmission line. 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 6.4% of the gas in Jan 2026.Share of gas by disposition code0%50%100%Jan 26: line to plantFlared 6.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 48443, 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.

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, 1.6% of the gas was flared. One month 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.

Anadarko E&P Onshore LLC has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeAnadarko E&P Onshore LLC, Jan 2020 to Jul 20262020202120222023202420252026Anadarko E&P Onshore LLCJan 2020 to nowthrough Jul 2026
Operators of this lease over timeAnadarko E&P Onshore LLC, Jan 2020 to Jul 20262020202120222023202420252026Anadarko E&P Onshore LLCJan 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 48443 in district 08. The API number is the state’s ID for a well.
Wells on CHOLLA STATE 2-4
API numberWell no.Status
42-389-353441HActive

SourceTexas Railroad Commission Wellbore Query, district 08, lease 48443.

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

    Dbm Oil Services LLC, Anadarko E&P Onshore LLC and Indeca Crude Xpress, LLC gather it.

    Dbm Oil Services LLC gathers it: 50% of it, on the list since Jul 1, 2023 · Anadarko E&P Onshore LLC gathers it: 25% of it, on the list since Aug 1, 2020 · Indeca Crude Xpress, LLC gathers it: 25% of it, on the list since Jul 1, 2023

  • Gas from oil wells

    Anadarko Energy Services Company buys it; Delaware Basin Midstream LLC gathers it.

    Anadarko Energy Services Company buys it: 100% of it, on the list since Jan 5, 2017 · Delaware Basin Midstream LLC gathers it: 100% of it, on the list since Jul 1, 2023

Companies that used to be listed: Delaware Basin Jv Gathering LLC (gathers it, until Jul 1, 2023); Dbm Oil Services, LLC (gathers it, until Jul 1, 2023); Pilot Travel Centers LLC (gathers it, until Jul 1, 2023); Dbm Oil Services, LLC (gathers it, until Aug 1, 2020); Genesis Crude Oil, L.p. (gathers it, until Aug 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

622.26 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
1
First completion
Jan 5, 2017
Latest permit
Aug 17, 2016
Wells and acres on the permits for Cholla State 2-4
API numberWell no.Acreson the permit
42-389-353441H622.26

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

What the operator reported

What Occidental Petroleum Corporation told investors it received

Anadarko E&P Onshore LLC is linked to Occidental Petroleum Corporation (OXY). 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 Occidental Petroleum Corporation
QuarterOil$ per bblFiling
Q2 2026$96.78SEC filing
Q1 2026$69.91SEC filing
Q4 2025$58.99SEC filing
Q3 2025$64.78SEC filing
Q2 2025$63.76SEC filing
Q1 2025$71.07SEC filing

SourceOccidental Petroleum 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.

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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 CHOLLA STATE 2-4 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 CHOLLA STATE 2-4
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Anadarko E&P3,8623,89113,88413,656228$80.46$2.89
Jun 2026Anadarko E&P3,9003,83416,38516,155230$84.81$3.15
May 2026Anadarko E&P3,2443,2859,0498,98663$102.13$2.94
Apr 2026Anadarko E&P3,8113,77913,99313,776217$100.32$2.77
Mar 2026Anadarko E&P3,9124,03314,20913,978231$91.38$3.04
Feb 2026Anadarko E&P4,1964,01112,45612,238218$64.51$3.62
Jan 2026Anadarko E&P1,5831,6021,5221,42498$60.04$7.72
Dec 2025Anadarko E&P3,4813,55411,10110,904197$57.97$4.26
Nov 2025Anadarko E&P4,3194,30516,60716,368239$60.06$3.79
Oct 2025Anadarko E&P3,6273,63412,14111,940201$60.89$3.19
Sep 2025Anadarko E&P4,0244,04114,20513,970235$63.96$2.97
Aug 2025Anadarko E&P4,3664,29816,36616,121245$64.86$2.91
Jul 2025Anadarko E&P4,6774,69516,66116,399262$68.39$3.20
Jun 2025Anadarko E&P4,1764,23115,44515,213232$68.17$3.02
May 2025Anadarko E&P4,8384,78517,48717,221266$62.17$3.12
Apr 2025Anadarko E&P3,8083,84214,96014,749211$63.54$3.42
Mar 2025Anadarko E&P5,1935,18719,92719,643284$68.24$4.12
Feb 2025Anadarko E&P5,2845,27319,87119,590281$71.53$4.19
Jan 2025Anadarko E&P3,6543,70716,27416,073201$75.74$4.13
Dec 2024Anadarko E&P5,4635,53822,84422,546298$70.12$3.01
Nov 2024Anadarko E&P6,0546,06124,33424,015319$69.95$2.12
Oct 2024Anadarko E&P6,0666,04224,03623,717319$71.99$2.20
Sep 2024Anadarko E&P5,4835,42721,20420,912292$70.24$2.28
Aug 2024Anadarko E&P5,9815,95922,63422,316318$76.68$1.99
Jul 2024Anadarko E&P5,6005,62918,68518,390295$81.80$2.07
Jun 2024Anadarko E&P5,2485,29018,99418,717277$79.77$2.54
May 2024Anadarko E&P5,8905,81418,74918,438311$80.02$2.12
Apr 2024Anadarko E&P5,7065,70917,08616,786300$85.35$1.60
Mar 2024Anadarko E&P6,2396,14519,19718,871326$81.28$1.49
Feb 2024Anadarko E&P5,2615,36219,70219,423279$77.25$1.72
Jan 2024Anadarko E&P5,7635,71117,88717,586301$74.15$3.18
Dec 2023Anadarko E&P6,1996,10221,96321,636327$71.90$2.52
Nov 2023Anadarko E&P6,2236,22024,95024,623327$77.69$2.71
Oct 2023Anadarko E&P6,1086,13819,92719,606321$85.64$2.98
Sep 2023Anadarko E&P6,3876,40824,49624,161335$89.43$2.64
Aug 2023Anadarko E&P6,8146,77625,70625,347359$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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Upload your statements for CHOLLA STATE 2-4. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Anadarko E&P Onshore LLC.

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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

OperatorAnadarko E&P Onshore LLCFieldPhantom (Wolfcamp)CountyReeves County

Anadarko E&P Onshore LLC in Reeves County

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Phantom (Wolfcamp) 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 “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 48443, 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.