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Royalty Clerk

Texas oil lease · RRC district 01 · Lease 04287

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COTTEN

Cotten is an oil lease in Milam County, Texas, operated by Sheldon Resources, L.P. in the Cherokee (Navarro) field. The Railroad Commission shows 145 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

145bbl oil, last 12 months−48% vs prior year
Operator
Sheldon Resources, L.P.
County
Milam County
Field
Cherokee (Navarro)
RRC lease
01-04287

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Where it sits

This county

Milam CountyMilamFallsBellWilliamsonBrazosBurlesonRobertsonMilam County
Milam County · RRC district 01Open Milam County →
Oil in Jul 2026
0 bbl
Reporting to the state
since Jan 2020
Wells
1
Data through
Jul 2026

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 48% over the last 12 months

145 bbl in the 12 months through Jul 2026, against 277 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Last 12 months
Oil output fell 48% over the last 12 monthsMonthly oil production for COTTEN, Aug 2023 to Jul 2026. Oil output fell 48% over the last 12 months. 145 bbl in the 12 months through Jul 2026, against 277 bbl in the 12 months before.Last 12 months: 145 bblbbl per month010203040Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 48% over the last 12 monthsMonthly oil production for COTTEN, Aug 2023 to Jul 2026. Oil output fell 48% over the last 12 months. 145 bbl in the 12 months through Jul 2026, against 277 bbl in the 12 months before.Last 12 monthsbbl per month010203040Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 04287, district 01. 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.

No gas disposition reported for this lease

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

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.

Sheldon Resources, L.P. has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeSheldon Resources, L.P., Jan 2020 to Jul 20262020202120222023202420252026Sheldon Resources, L.P.Jan 2020 to nowthrough Jul 2026
Operators of this lease over timeSheldon Resources, L.P., Jan 2020 to Jul 20262020202120222023202420252026Sheldon Resources, L.P.Jan 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 04287 in district 01. The API number is the state’s ID for a well.
Wells on COTTEN
API numberWell no.Status
42-331-300671Active

SourceTexas Railroad Commission Wellbore Query, district 01, lease 04287.

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 Transfer Marketing & Term gathers it.

    100% of it, on the list since Dec 1, 2022

Companies that used to be listed: Sunoco Ptnrs. Mktg.&terminals LP (gathers it, until Dec 1, 2022); Blm Pipeline, Inc. (gathers it, until Nov 1, 2019); Blm Pipeline, Inc. (buys it, until Nov 1, 2019); Dorado Oil Company (gathers it, until Nov 1, 2019); Flint Hills Resources, LP (gathers it, until Nov 1, 2019).

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

What the drilling permits say

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
0
First completion
Jul 26, 1971
Latest permit
–
Wells and acres on the permits for Cotten
API numberWell no.Acreson the permit
42-331-300671–

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 COTTEN 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.

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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.

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 COTTEN
MonthOil producedbblOil soldbblWTI$ per bblHenry Hub$ per MMBtu
Jul 2026Sheldon Resources,00$80.46$2.89
Jun 2026Sheldon Resources,00$84.81$3.15
May 2026Sheldon Resources,00$102.13$2.94
Apr 2026Sheldon Resources,00$100.32$2.77
Mar 2026Sheldon Resources,00$91.38$3.04
Feb 2026Sheldon Resources,00$64.51$3.62
Jan 2026Sheldon Resources,210$60.04$7.72
Dec 2025Sheldon Resources,250$57.97$4.26
Nov 2025Sheldon Resources,200$60.06$3.79
Oct 2025Sheldon Resources,35180$60.89$3.19
Sep 2025Sheldon Resources,240$63.96$2.97
Aug 2025Sheldon Resources,200$64.86$2.91
Jul 2025Sheldon Resources,230$68.39$3.20
Jun 2025Sheldon Resources,120$68.17$3.02
May 2025Sheldon Resources,330$62.17$3.12
Apr 2025Sheldon Resources,35100$63.54$3.42
Mar 2025Sheldon Resources,380$68.24$4.12
Feb 2025Sheldon Resources,150$71.53$4.19
Jan 2025Sheldon Resources,150$75.74$4.13
Dec 2024Sheldon Resources,350$70.12$3.01
Nov 2024Sheldon Resources,10125$69.95$2.12
Oct 2024Sheldon Resources,350$71.99$2.20
Sep 2024Sheldon Resources,30$70.24$2.28
Aug 2024Sheldon Resources,230$76.68$1.99
Jul 2024Sheldon Resources,170$81.80$2.07
Jun 2024Sheldon Resources,25176$79.77$2.54
May 2024Sheldon Resources,370$80.02$2.12
Apr 2024Sheldon Resources,200$85.35$1.60
Mar 2024Sheldon Resources,350$81.28$1.49
Feb 2024Sheldon Resources,330$77.25$1.72
Jan 2024Sheldon Resources,120$74.15$3.18
Dec 2023Sheldon Resources,2496$71.90$2.52
Nov 2023Sheldon Resources,220$77.69$2.71
Oct 2023Sheldon Resources,180$85.64$2.98
Sep 2023Sheldon Resources,150$89.43$2.64
Aug 2023Sheldon Resources,200$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

OperatorSheldon Resources, L.P.FieldCherokee (Navarro)CountyMilam County

Sheldon Resources, L.P. in Milam County

All Sheldon Resources, L.P. leases →

Cherokee (Navarro) field

All leases in this field →

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 04287, district 01, 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.