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Royalty Clerk

Texas oil lease · RRC district 05 · Lease 04492

Producing

COBIA

Cobia is an oil lease in Madison County, Texas, operated by Wildfire Energy Operating LLC in the Aguila Vado (Eagleford) field. The Railroad Commission shows 131,904 bbl of oil in the 12 months through Jun 2026.

Oil lease dossier · 1 well

131,904bbl oil, last 12 months
Operator
Wildfire Energy Operating LLC
County
Madison County
Field
Aguila Vado (Eagleford)
RRC lease
05-04492

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Where it sits

This county

Madison CountyMadisonWalkerLimestoneHoustonLeonBrazosRobertsonMadison County
Madison County · RRC district 05Open Madison County →
Gas, last 12 months
79,987 mcf
Oil in Jun 2026
6,645 bbl
Reporting to the state
since Aug 2025
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 55% since Aug 2025

Monthly average of 7,775 bbl in the latest 3 months, against 17,185 bbl in the first 3. Jul 2026 was not reported. A red cross marks each one.

  • Oil (bars, left axis)
  • Gas (line, right axis)
Oil output fell 55% since Aug 2025Monthly oil production and gas for COBIA, Aug 2025 to Jul 2026. Oil output fell 55% since Aug 2025. Monthly average of 7,775 bbl in the latest 3 months, against 17,185 bbl in the first 3.bbl per monthmcf per month005,0005,00010k10k15k15k20k20k25k25kOct 25Jan 26AprJul
Oil output fell 55% since Aug 2025Monthly oil production and gas for COBIA, Aug 2025 to Jul 2026. Oil output fell 55% since Aug 2025. Monthly average of 7,775 bbl in the latest 3 months, against 17,185 bbl in the first 3.bbl per monthmcf per month005,0005,00010k10k15k15k20k20k25k25kJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 04492, 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.

90% of the gas went to a transmission line in the 11 months reported

Flaring peaked at 5.9% of the gas in May 2026.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
90% of the gas went to a transmission line in the 11 months reportedShare of COBIA gas by disposition code each month, Aug 2025 to Jul 2026. 90% of the gas went to a transmission line in the 11 months reported. Flaring peaked at 5.9% of the gas in May 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 5.9%Oct 25Jan 26AprJul
90% of the gas went to a transmission line in the 11 months reportedShare of COBIA gas by disposition code each month, Aug 2025 to Jul 2026. 90% of the gas went to a transmission line in the 11 months reported. Flaring peaked at 5.9% of the gas in May 2026.Share of gas by disposition code0%50%100%Flared 5.9%Jan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 04492, 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 11 months reported, 2.1% 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.

Wildfire Energy Operating LLC has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeWildfire Energy Operating LLC, Aug 2025 to Jun 20262026Wildfire Energy Operating LLCAug 2025 to nowthrough Jul 2026
Operators of this lease over timeWildfire Energy Operating LLC, Aug 2025 to Jun 20262026Wildfire Energy Operating LLCAug 2025 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 04492 in district 05. The API number is the state’s ID for a well.
Wells on COBIA
API numberWell no.Status
42-313-314131HActive

SourceTexas Railroad Commission Wellbore Query, district 05, lease 04492.

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

    Energy Trans Crude Marketing LLC, Harvest Marketing & Trading, LLC and Shell Trading (Us) Company gather it.

    Energy Trans Crude Marketing LLC gathers it: 34% of it, on the list since Jun 2, 2025 · Harvest Marketing & Trading, LLC gathers it: 33% of it, on the list since Jun 2, 2025 · Shell Trading (Us) Company gathers it: 33% of it, on the list since Jun 2, 2025

  • Gas from oil wells

    Et Gathering & Processing LLC buys it; Energy Transfer Company gathers it.

    Et Gathering & Processing LLC buys it: 100% of it, on the list since Jun 2, 2025 · Energy Transfer Company gathers it: 100% of it, on the list since Jun 2, 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

432.93 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
Jun 2, 2025
Latest permit
Mar 6, 2025
Wells and acres on the permits for Cobia
API numberWell no.Acreson the permit
42-313-314131H432.93

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 COBIA 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 11 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

12 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 COBIA
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Wildfire Energy6,6456,6423,9703,562232$84.81$3.15
May 2026Wildfire Energy8,2218,2654,9344,328293$102.13$2.94
Apr 2026Wildfire Energy8,4598,4706,0565,38246$100.32$2.77
Mar 2026Wildfire Energy9,2969,2456,9756,26031$91.38$3.04
Feb 2026Wildfire Energy9,1819,3596,3175,709102$64.51$3.62
Jan 2026Wildfire Energy11,18011,1166,6515,93238$60.04$7.72
Dec 2025Wildfire Energy12,79312,7767,9907,17465$57.97$4.26
Nov 2025Wildfire Energy14,57414,4868,0677,24362$60.06$3.79
Oct 2025Wildfire Energy19,12219,25810,7459,709132$60.89$3.19
Sep 2025Wildfire Energy24,79624,59914,31612,644550$63.96$2.97
Aug 2025Wildfire Energy7,6377,6373,9663,69797$64.86$2.91

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

OperatorWildfire Energy Operating LLCFieldAguila Vado (Eagleford)CountyMadison County

Wildfire Energy Operating LLC in Madison County

  • WAHOO

    126,952 bbl last 12 months

  • COHO

    122,965 bbl last 12 months

  • TARPON

    113,249 bbl last 12 months

  • WHITING

    112,440 bbl last 12 months

  • BONEFISH

    101,595 bbl last 12 months

All Wildfire Energy Operating LLC leases →

Aguila Vado (Eagleford) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

  • WAHOO

    126,952 bbl last 12 months · 0 km away

  • BONEFISH

    101,595 bbl last 12 months · 0 km away

  • COHO

    122,965 bbl last 12 months · 0.9 km away

  • WHITING

    112,440 bbl last 12 months · 1 km away

  • TARPON

    113,249 bbl 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 Jun 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 04492, 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.