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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 48686

Producing

COLE

Cole is an oil lease in Ector County, Texas, operated by Maverick Permian LLC in the Andector (Wichita Albany) field. The Railroad Commission shows 39,138 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 7 wells

39,138bbl oil, last 12 months−28% vs prior year
Operator
Maverick Permian LLC
County
Ector County
Field
Andector (Wichita Albany)
RRC lease
08-48686

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Where it sits

This county

Ector CountyEctorMartinMidlandAndrewsWinklerWardEctor County
Ector County · RRC district 08Open Ector County →
Gas, last 12 months
272,402 mcf
Oil in Jul 2026
2,769 bbl
Reporting to the state
since Jan 2020
Wells
7

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 28% over the last 12 months

39,138 bbl in the 12 months through Jul 2026, against 54,005 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for COLE, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 39,138 bbl in the 12 months through Jul 2026, against 54,005 bbl in the 12 months before.Last 12 months: 39,138 bblbbl per monthmcf per month002,00010k4,00020k6,00030k8,00040k10k50kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for COLE, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 39,138 bbl in the 12 months through Jul 2026, against 54,005 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,00010k4,00020k6,00030k8,00040k10k50kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 48686, 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.

91% of the gas went to a transmission line in the last 12 months

Flaring peaked at 74.5% of the gas in Dec 2024.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
91% of the gas went to a transmission line in the last 12 monthsShare of COLE gas by disposition code each month, Aug 2023 to Jul 2026. 91% of the gas went to a transmission line in the last 12 months. Flaring peaked at 74.5% of the gas in Dec 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 74.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
91% of the gas went to a transmission line in the last 12 monthsShare of COLE gas by disposition code each month, Aug 2023 to Jul 2026. 91% of the gas went to a transmission line in the last 12 months. Flaring peaked at 74.5% of the gas in Dec 2024.Share of gas by disposition code0%50%100%Flared 74.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 48686, district 08. 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, 3.9% of the gas was flared. 18 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 Apr 2022

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 timeConocophillips Company, Jan 2020 to Mar 2022; Maverick Permian LLC, Apr 2022 to Jul 20262020202120222023202420252026Changed Apr 2022Conocophillips CompanyJan 2020 to Mar 2022Maverick Permian LLCApr 2022 to now
Operators of this lease over timeConocophillips Company, Jan 2020 to Mar 2022; Maverick Permian LLC, Apr 2022 to Jul 20262020202120222023202420252026Changed Apr 2022Conocophillips CompanyJan 2020 to Mar 2022Maverick Permian LLCApr 2022 to now

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

Wells

7 wells on this lease

Every well the Railroad Commission links to oil lease 48686 in district 08. The API number is the state’s ID for a well.
Wells on COLE
API numberWell no.Status
42-135-434241311HActive
42-135-434251312HActive
42-135-435451210HActive
42-135-435481208HShut-in
42-135-435491209HActive
42-135-436571309HActive
42-135-436581310HActive

SourceTexas Railroad Commission Wellbore Query, district 08, lease 48686.

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

    Sentinel Transportation, LLC, Energy Trans Crude Marketing LLC and Gibson Energy Marketing, LLC gather it.

    Sentinel Transportation, LLC gathers it: 34% of it, on the list since Apr 28, 2026 · Energy Trans Crude Marketing LLC gathers it: 33% of it, on the list since Apr 28, 2026 · Gibson Energy Marketing, LLC gathers it: 33% of it, on the list since Apr 28, 2026

  • Gas from oil wells

    Dcp Operating Company, LP buys and gathers it.

    Dcp Operating Company, LP buys it: 100% of it, on the list since Jun 9, 2017 · Dcp Operating Company, LP gathers it: 100% of it, on the list since Jun 9, 2017

Companies that used to be listed: Energy Trans Crude Marketing LLC (gathers it, until Apr 28, 2026); Gibson Energy Marketing, LLC (gathers it, until Apr 28, 2026); Phillips 66 Pipeline LLC (gathers it, until Apr 28, 2026); Sentinel Transportation, LLC (gathers it, until Mar 1, 2023); Sentinel Transportation, LLC (gathers it, until Apr 1, 2022); Western Refining Company, L.p. (gathers it, until Apr 1, 2022).

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

1,280 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
77 not plugged
Horizontal
7
First completion
Jun 9, 2017
Latest permit
Dec 10, 2018

The wells on this lease state different acreage

The permits state between 640 and 1,280 acres. Use the acres from your own division order for the well you are paid on.

7 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 Cole
API numberWell no.Acreson the permit
42-135-436571309H1,280
42-135-436581310H1,280
42-135-435481208H1,280
42-135-435491209H1,280
42-135-435451210H1,280
42-135-434241311H640
42-135-434251312H640

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 COLE 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 COLE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Maverick Permian2,7693,00219,74817,9201,828$80.46$2.89
Jun 2026Maverick Permian2,9433,10820,94719,722586$84.81$3.15
May 2026Maverick Permian3,2942,88022,57521,830745$102.13$2.94
Apr 2026Maverick Permian3,5353,21327,82321,3601,249$100.32$2.77
Mar 2026Maverick Permian3,1013,03822,12020,638846$91.38$3.04
Feb 2026Maverick Permian2,6902,98618,02717,526166$64.51$3.62
Jan 2026Maverick Permian3,0613,08322,64820,39329$60.04$7.72
Dec 2025Maverick Permian3,5703,61124,48121,6051,393$57.97$4.26
Nov 2025Maverick Permian2,4652,32817,67516,764911$60.06$3.79
Oct 2025Maverick Permian3,9184,00426,04424,562177$60.89$3.19
Sep 2025Maverick Permian3,7483,70524,79324,187606$63.96$2.97
Aug 2025Maverick Permian4,0443,99425,52122,3712,054$64.86$2.91
Jul 2025Maverick Permian4,0593,82227,44920,9266,523$68.39$3.20
Jun 2025Maverick Permian2,8773,24318,83317,3991,434$68.17$3.02
May 2025Maverick Permian3,1403,27320,3288,49611,832$62.17$3.12
Apr 2025Maverick Permian3,6953,33524,25315,9748,279$63.54$3.42
Mar 2025Maverick Permian4,0594,03325,87125,275596$68.24$4.12
Feb 2025Maverick Permian4,4324,28930,26329,919344$71.53$4.19
Jan 2025Maverick Permian4,0954,43725,79121,8973,894$75.74$4.13
Dec 2024Maverick Permian5,0045,46032,8608,37324,487$70.12$3.01
Nov 2024Maverick Permian5,8085,64332,82724,7508,077$69.95$2.12
Oct 2024Maverick Permian6,0416,01935,56635,5606$71.99$2.20
Sep 2024Maverick Permian5,6745,58534,59034,241349$70.24$2.28
Aug 2024Maverick Permian5,1215,19329,98026,1303,850$76.68$1.99
Jul 2024Maverick Permian5,9796,08132,69225,8426,850$81.80$2.07
Jun 2024Maverick Permian6,3666,22733,73833,7380$79.77$2.54
May 2024Maverick Permian5,4305,67532,50431,884620$80.02$2.12
Apr 2024Maverick Permian5,1785,26829,61829,6180$85.35$1.60
Mar 2024Maverick Permian6,0886,59334,16634,1660$81.28$1.49
Feb 2024Maverick Permian5,2444,35528,30428,3040$77.25$1.72
Jan 2024Maverick Permian4,8724,97530,89629,5251,371$74.15$3.18
Dec 2023Maverick Permian6,4566,48142,18142,061120$71.90$2.52
Nov 2023Maverick Permian7,1617,36045,30944,459850$77.69$2.71
Oct 2023Maverick Permian6,4966,25042,92742,9270$85.64$2.98
Sep 2023Maverick Permian6,0866,07042,22939,7592,470$89.43$2.64
Aug 2023Maverick Permian6,6206,58545,58245,49884$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

OperatorMaverick Permian LLCFieldAndector (Wichita Albany)CountyEctor County

Maverick Permian LLC in Ector County

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Andector (Wichita Albany) field

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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 48686, 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.