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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 37344

Producing

CUTLASS

Cutlass is an oil lease in Winkler County, Texas, operated by Hilcorp Energy Company in the Arbol de Nada (Devonian) field. The Railroad Commission shows 9,445 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 6 wells

9,445bbl oil, last 12 months−9% vs prior year
Operator
Hilcorp Energy Company
County
Winkler County
Field
Arbol de Nada (Devonian)
RRC lease
08-37344

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County · RRC district 08Open Winkler County →
Gas, last 12 months
87,422 mcf
Oil in Jul 2026
928 bbl
Reporting to the state
since Jan 2020
Wells
6

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 9% over the last 12 months

9,445 bbl in the 12 months through Jul 2026, against 10,385 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 9% over the last 12 monthsMonthly oil production and gas for CUTLASS, Aug 2023 to Jul 2026. Oil output fell 9% over the last 12 months. 9,445 bbl in the 12 months through Jul 2026, against 10,385 bbl in the 12 months before.Last 12 months: 9,445 bblbbl per monthmcf per month002502,0005004,0007506,0001,0008,0001,25010kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 9% over the last 12 monthsMonthly oil production and gas for CUTLASS, Aug 2023 to Jul 2026. Oil output fell 9% over the last 12 months. 9,445 bbl in the 12 months through Jul 2026, against 10,385 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002502,0005004,0007506,0001,0008,0001,25010kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 37344, 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.

99% of the gas went to a transmission line in the last 12 months

Flaring peaked at 66.6% of the gas in Dec 2024.

  • Transmission line (2)
  • Flared (4)
99% of the gas went to a transmission line in the last 12 monthsShare of CUTLASS gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a transmission line in the last 12 months. Flaring peaked at 66.6% of the gas in Dec 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 66.6%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
99% of the gas went to a transmission line in the last 12 monthsShare of CUTLASS gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a transmission line in the last 12 months. Flaring peaked at 66.6% of the gas in Dec 2024.Share of gas by disposition code0%50%100%Flared 66.6%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 37344, 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.

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, 0.5% 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.

The operator changed once, most recently in May 2026

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 timeOXY USA WTP LP, Jan 2020 to Apr 2026; Hilcorp Energy Company, May 2026 to Jul 20262020202120222023202420252026Changed May 2026OXY USA WTP LPJan 2020 to Apr 2026Hilcorp Energy CompanyMay 2026 to now
Operators of this lease over timeOXY USA WTP LP, Jan 2020 to Apr 2026; Hilcorp Energy Company, May 2026 to Jul 20262020202120222023202420252026Changed May 2026OXY USA WTP LPJan 2020 to Apr 2026Hilcorp Energy CompanyMay 2026 to now

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

Wells

6 wells on this lease

Every well the Railroad Commission links to oil lease 37344 in district 08. The API number is the state’s ID for a well.
Wells on CUTLASS
API numberWell no.Status
42-135-386323Active
42-135-387324Active
42-135-387455Active
42-495-329361Active
42-495-329412Active
42-495-329816Active

SourceTexas Railroad Commission Wellbore Query, district 08, lease 37344.

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

    Ngl Crude Assets and Mktg, LLC gathers it.

    100% of it, on the list since Jul 21, 2025

  • Gas from oil wells

    James Lake Midstream LLC buys and gathers it.

    James Lake Midstream LLC buys it: 100% of it, on the list since Aug 1, 2016 · James Lake Midstream LLC gathers it: 100% of it, on the list since Aug 1, 2016

Companies that used to be listed: Bridger Transportation, LLC (gathers it, until Jul 21, 2025); Ngl Crude Logistics, LLC (gathers it, until Jul 21, 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

320 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
66 not plugged
Horizontal
2
First completion
Mar 22, 2004
Latest permit
Dec 14, 2005
Wells and acres on the permits for Cutlass
API numberWell no.Acreson the permit
42-495-329412320
42-495-329816320
42-135-387455320
42-135-387324320
42-135-386323320
42-495-329361320

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 CUTLASS 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. 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 CUTLASS
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Hilcorp Energy9281,0307,8337,8330$80.46$2.89
Jun 2026Hilcorp Energy8588496,1346,1340$84.81$3.15
May 2026Hilcorp Energy871754000$102.13$2.94
Apr 2026OXY USA7757598,0668,0660$100.32$2.77
Mar 2026OXY USA8147808,0328,0320$91.38$3.04
Feb 2026OXY USA7728987,0067,0060$64.51$3.62
Jan 2026OXY USA7376868,1408,1400$60.04$7.72
Dec 2025OXY USA7827327,7427,7420$57.97$4.26
Nov 2025OXY USA7227427,8817,8810$60.06$3.79
Oct 2025OXY USA8478809,9299,9290$60.89$3.19
Sep 2025OXY USA6797248,6798,6790$63.96$2.97
Aug 2025OXY USA6607027,9807,705275$64.86$2.91
Jul 2025OXY USA8697988,4528,205247$68.39$3.20
Jun 2025OXY USA8859259,0379,0370$68.17$3.02
May 2025OXY USA8888678,5658,5650$62.17$3.12
Apr 2025OXY USA9599128,0648,0640$63.54$3.42
Mar 2025OXY USA9098807,6927,6920$68.24$4.12
Feb 2025OXY USA7999056,7226,7202$71.53$4.19
Jan 2025OXY USA9599536,9506,726224$75.74$4.13
Dec 2024OXY USA1,2091,1367,6742,5655,109$70.12$3.01
Nov 2024OXY USA8038425,4725,4720$69.95$2.12
Oct 2024OXY USA9779342,0442,0440$71.99$2.20
Sep 2024OXY USA6635983,9313,9310$70.24$2.28
Aug 2024OXY USA4655283,1223,1220$76.68$1.99
Jul 2024OXY USA6726426,9876,97215$81.80$2.07
Jun 2024OXY USA4825185,8705,8700$79.77$2.54
May 2024OXY USA5234586,5636,5630$80.02$2.12
Apr 2024OXY USA4714564,7884,7880$85.35$1.60
Mar 2024OXY USA3383902,7612,7610$81.28$1.49
Feb 2024OXY USA3854013,5363,5360$77.25$1.72
Jan 2024OXY USA6836676,9016,9010$74.15$3.18
Dec 2023OXY USA7197375,8325,8320$71.90$2.52
Nov 2023OXY USA6876925,8745,8740$77.69$2.71
Oct 2023OXY USA6206167,0197,0190$85.64$2.98
Sep 2023OXY USA5475216,6626,6620$89.43$2.64
Aug 2023OXY USA5935956,9256,91114$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

OperatorHilcorp Energy CompanyFieldArbol de Nada (Devonian)CountyWinkler County

Hilcorp Energy Company in Winkler County

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Arbol de Nada (Devonian) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

  • RAPIER

    2,875 bbl last 12 months · 0.4 km away

  • SABRE

    2,228 bbl last 12 months · 0.6 km away

  • FALCATTA

    7,287 bbl last 12 months · 0.9 km away

  • SCIMITAR

    2,446 bbl last 12 months · 0.9 km away

  • FOIL

    299 bbl last 12 months · 0.9 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 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 37344, 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.