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Texas oil lease

Producing

COLLINS HEIRS

Collins Heirs is an oil lease in Hopkins County, Texas, operated by Valence Operating Company in the Ardis & Leggett (Paluxy) field.

2 wells

1,013bbl oil, last 12 months−14% vs prior year
Operator
Valence Operating Company
County
Hopkins County
Field
Ardis & Leggett (Paluxy)
RRC lease
05-01966

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Oil in Aug 2026
0 bbl
Reporting since
Jan 2020
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Checks stopped on this lease?

  • Sales

    No sales reported for the last 2 months of state data (through Aug 2026).

SourceRailroad Commission production, P-5 and P-4 records, data through Aug 2026.

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Wells on this lease and around it

Where the state's map puts this lease's 2 wells, and what has been drilled or permitted within about 2 miles of them.
Map of the Collins Heirs lease in Hopkins County, Texas: its 2 wells ringed, among 32 wells and 0 recent drilling locations in a picture about 6 miles across.
  • This lease2Its wells, ringed on the map: all producing
  • Drilling locations0Permits issued in the last two years
  • Producing wells29On a lease reporting production now
  • Not producing0Shut in, inactive or no lease on record
  • Plugged3The state's wellbore record says plugged

The 2 ringed dots are this lease's wells, each where the Railroad Commission's map puts it. The other dots are wells and drilling permits of the last 24 months on the land around it; the counts are for everything in the picture, which is about 6 miles across. The thin brown lines are the original land surveys; where there is room, a survey carries its abstract number, the number deeds and division orders cite. Sources: Railroad Commission of Texas well layers, drilling permit files and survey lines, US Census Bureau county outlines.

See the whole Texas well map

A one-page map of this lease to print, for a lawyer, a buyer or a probate file.

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You may show this map on any site, unchanged. Keep the credit line and its link to Royalty Clerk under the map. The picture updates by itself as the state records new wells and permits.

Download the picture (WebP)
<a href="https://royaltyclerk.com/texas/leases/collins-heirs-05-01966"><img src="https://royaltyclerk.com/maps/lease-wells/collins-heirs-05-01966.svg" alt="Map of the Collins Heirs lease in Hopkins County, Texas: its 2 wells ringed, among 32 wells and 0 recent drilling locations in a picture about 6 miles across." width="1000" height="951" loading="lazy" style="max-width:100%;height:auto;border:0"></a>
<p style="margin:4px 0 0;font-size:14px">Map: <a href="https://royaltyclerk.com/texas/leases/collins-heirs-05-01966">Wells on the Collins Heirs lease, Hopkins County, Texas</a> by Royalty Clerk, from Railroad Commission of Texas records</p>

Production by month

Oil output fell 14% over the last 12 months

  • Oil (bars)
  • Last 12 months
Oil output fell 14% over the last 12 monthsMonthly oil production for COLLINS HEIRS, Sep 2023 to Aug 2026. Oil output fell 14% over the last 12 months. 1,013 bbl in the 12 months through Aug 2026, against 1,181 bbl in the 12 months before.Last 12 months: 1,013 bblbbl per month050100150200Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 14% over the last 12 monthsMonthly oil production for COLLINS HEIRS, Sep 2023 to Aug 2026. Oil output fell 14% over the last 12 months. 1,013 bbl in the 12 months through Aug 2026, against 1,181 bbl in the 12 months before.Last 12 monthsbbl per month050100150200Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Aug 2026.

From the state record

What owners ask about Collins Heirs

When is the check for June 2026 due?
June 2026 is the newest month the state has posted for this lease. Texas law gives the payor until 60 days after the end of the sale month for oil and 90 for gas: the oil by Aug 29, 2026, unless the lease sets another time.
Source: Railroad Commission production reports; Texas Natural Resources Code §91.402.
See your next three checks
Which Texas production tax rate applies?
The Texas Comptroller lists low producing leases for this lease, from Jan 1, 2016. Its file does not give the rate, so we compare your stub with the full 4.6%. That is for June 2026.
Source: Texas Comptroller, approved severance tax exemptions.
Check the tax on your stub
Who buys the oil and gas?
Oil: Dk Trading & Supply, LLC gathers it. The buyer's price is what a royalty check is figured on.
Source: Railroad Commission Form P-4, gatherers and purchasers.
See every buyer and past buyers
How many 1099s should an owner expect for 2025?
One company, Valence Operating Company, filed this lease's reports behind every 2025 check, so most owners get one form. The operator is not always the company that pays, so go by the name on the stubs.
Source: Railroad Commission production reports, operator of record by month.
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Free tools, already on this lease

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33 years of state records, 1993–2026

COLLINS HEIRS since 1993

We read every monthly report the Railroad Commission holds, back to January 1993, and this lease was already producing then. It filed 404 monthly reports through August 2026.

Sold since 1993

$1.3 million

What the whole lease’s oil and gas sold for at each month’s public prices, before tax and the operator’s deductions. A royalty owner’s share is their decimal of it.

A relative owned a share? See what it earned after they died
Oil sold
21,162 bbl
Gas sold
0 mcf
Best year
2013$214,000 sold
Last report
Aug 2026First: Jan 1993

Its best year was 2013: $214,000 of oil and gas sold

Each bar is what the lease’s oil and gas sold for that year, at that month’s prices. 2026 is only part of a year in the records, drawn lighter.

Its best year was 2013: $214,000 of oil and gas soldCollins Heirs: oil and gas sold each year from 1993 to 2026, at each month's prices. Its best year was 2013: $214,000 of oil and gas sold.Sold each year, at each month’s prices$0$50k$100k$150k$200k$250kPeak 2013: $214k'93'95'00'05'10'15'20'26
Its best year was 2013: $214,000 of oil and gas soldCollins Heirs: oil and gas sold each year from 1993 to 2026, at each month's prices. Its best year was 2013: $214,000 of oil and gas sold.Sold each year, at each month’s prices$0$50k$100k$150k$200k$250kPeak 2013: $214k'93'00'05'10'15'20'26

SourceTexas Railroad Commission Production Data Query, every monthly report since January 1993; EIA monthly WTI and Henry Hub prices (before 1997, EIA's yearly Texas natural gas wellhead price), through August 2026.

Every year as a table
Collins Heirs: oil and gas sold each year
YearMonthsOil sold, bblGas sold, mcfSold for
2026 *86330$53,533
2025121,1120$71,372
2024121,2520$96,028
2023129060$68,216
2022121,0620$102,659
2021126260$44,383
2020121,2500$44,129
2019121,2470$71,266
2018121,2650$85,604
2017121,7170$88,260
2016121,1250$46,002
2015122,0750$101,067
2014121,9020$170,840
2013122,2030$214,105
2012129810$87,373
20111200$0
20101200$0
20091200$0
20081200$0
20071200$0
20061200$0
20051200$0
20041200$0
20031200$0
20021200$0
20011200$0
20001200$0
19991200$0
19981200$0
19971200$0
19961200$0
19951200$0
1994122510$4,099
1993121,5550$28,936

* Part of the year: the records run through August 2026.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

2 wells on this lease

Wells on COLLINS HEIRS
API numberWellStatusCompleted
42-223-30077Collins Heirs 1Shut inJan 10, 1975
42-223-30500Collins Heirs 2ActiveSep 20, 2012

SourceTexas Railroad Commission production records and full wellbore file.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dk Trading & Supply, LLCOilGathers100May 1, 2025–
Lion Oil Trading & Trans, LLCOilGathers100Aug 1, 2018May 1, 2025

SourceRailroad Commission Form P-4 file, Oct 24, 2026 (source).

Who buys my oilOil price check

40 acres on the newest permit

Check your decimal on this lease
Permits for Collins Heirs
API numberWell no.Acreson the permit
42-223-30500240
42-223-300771–

SourceRailroad Commission drilling permits, Oct 31, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for COLLINS HEIRS
MonthOil producedbblOil soldbblWTI$/bblHenry Hub$/MMBtu
Aug 202600$83.90$2.78
Jul 2026160$80.46$2.89
Jun 202692164$84.81$3.15
May 2026104154$102.13$2.94
Apr 20261140$100.32$2.77
Mar 2026116159$91.38$3.04
Feb 2026880$64.51$3.62
Jan 202669156$60.04$7.72
Dec 2025103160$57.97$4.26
Nov 20251020$60.06$3.79
Oct 2025104160$60.89$3.19
Sep 20251050$63.96$2.97
Aug 2025107157$64.86$2.91
Jul 2025111163$68.39$3.20
Jun 20251000$68.17$3.02
May 2025110162$62.17$3.12
Apr 2025103153$63.54$3.42
Mar 20251090$68.24$4.12
Feb 202570157$71.53$4.19
Jan 2025430$75.74$4.13
Dec 2024105158$70.12$3.01
Nov 20241000$69.95$2.12
Oct 2024107154$71.99$2.20
Sep 2024116159$70.24$2.28
Aug 20241030$76.68$1.99
Jul 2024108153$81.80$2.07
Jun 202454159$79.77$2.54
May 2024141158$80.02$2.12
Apr 2024189160$85.35$1.60
Mar 2024780$81.28$1.49
Feb 2024270$77.25$1.72
Jan 202447151$74.15$3.18
Dec 2023920$71.90$2.52
Nov 202382292$77.69$2.71
Oct 20231200$85.64$2.98
Sep 2023650$89.43$2.64

SourceTexas Railroad Commission Production Data Query, through Aug 2026. Prices: EIA, through Oct 2026. Updated Oct 30, 2026.

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Nearby

This lease belongs to

OperatorValence Operating CompanyFieldArdis & Leggett (Paluxy)CountyHopkins County

Valence Operating Company in Hopkins County

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Ardis & Leggett (Paluxy) field

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New drilling permits in Hopkins County

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