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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 45874

Producing

DENISE

Denise is an oil lease in Midland County, Texas, operated by Crescent Energy Operating, LLC in the Parks (Consolidated) field. The Railroad Commission shows 155,632 bbl of oil in the 12 months through Jun 2026.

Oil lease dossier · 17 wells

155,632bbl oil, last 12 months−22% vs prior year
Operator
Crescent Energy Operating, LLC
County
Midland County
Field
Parks (Consolidated)
RRC lease
08-45874

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County · RRC district 08Open Midland County →
Gas, last 12 months
628,554 mcf
Oil in Jun 2026
10,491 bbl
Reporting to the state
since Jan 2020
Wells
17

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 22% over the last 12 months

142,486 bbl in the 12 months through Jul 2026, against 183,105 bbl in the 12 months before. Jul 2026 was not reported. A red cross marks each one.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 22% over the last 12 monthsMonthly oil production and gas for DENISE, Aug 2023 to Jul 2026. Oil output fell 22% over the last 12 months. 142,486 bbl in the 12 months through Jul 2026, against 183,105 bbl in the 12 months before.Last 12 months: 142,486 bblbbl per monthmcf per month0010k25k20k50k30k75k40k100kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 22% over the last 12 monthsMonthly oil production and gas for DENISE, Aug 2023 to Jul 2026. Oil output fell 22% over the last 12 months. 142,486 bbl in the 12 months through Jul 2026, against 183,105 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k25k20k50k30k75k40k100kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 45874, 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.

Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plant

Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not. Flaring peaked at 9.4% of the gas in Nov 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plantShare of DENISE gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plant. Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not. Flaring peaked at 9.4% of the gas in Nov 2025.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2023: plant to lineFlared 9.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plantShare of DENISE gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plant. Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not. Flaring peaked at 9.4% of the gas in Nov 2025.Share of gas by disposition code0%50%100%Nov 23: plant to lineFlared 9.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 45874, district 08. Reported through Jul 2026.

Processing plant (3)

Sent to a gas plant that pulls out natural gas liquids. Your statement should show plant products, and may show processing fees.

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, 1.3% of the gas was flared. 4 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 2 times, most recently in Jan 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 timeHenry Resources LLC, Jan 2020 to Jul 2023; Vital Energy, Inc., Aug 2023 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 20262020202120222023202420252026Changed Aug 2023Changed Jan 2026Henry Resources LLCJan 2020 to Jul 2023Vital Energy, Inc.Aug 2023 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now
Operators of this lease over timeHenry Resources LLC, Jan 2020 to Jul 2023; Vital Energy, Inc., Aug 2023 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 20262020202120222023202420252026Changed Aug 2023Changed Jan 2026Henry Resources LLCJan 2020 to Jul 2023Vital Energy, Inc.Aug 2023 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now

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

Wells

17 wells on this lease

Every well the Railroad Commission links to oil lease 45874 in district 08. The API number is the state’s ID for a well.
Wells on DENISE
API numberWell no.Status
42-329-399371609Active
42-329-399381601Active
42-329-399761610Active
42-329-40211208NLActive
42-329-40212205NHShut-in
42-329-413512028LBActive
42-329-414002017LAActive
42-329-414012016LBActive
42-329-414662026LAActive
42-329-415022025LBActive
42-329-415122014LAActive
42-329-415182024LBActive
42-329-435832034WAActive
42-329-435842035WBActive
42-329-435852036WAActive
42-329-435862027WAActive
42-329-435872038WBActive

SourceTexas Railroad Commission Wellbore Query, district 08, lease 45874.

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

    Enlink Crude Marketing, LLC gathers it.

    100% of it, on the list since May 1, 2020

  • 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 Apr 1, 2017 · Dcp Operating Company, LP gathers it: 100% of it, on the list since Apr 1, 2017

Companies that used to be listed: Lpc Crude Oil Marketing LLC (gathers it, until May 1, 2020).

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

1,082 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
1717 not plugged
Horizontal
14
First completion
Jan 10, 2015
Latest permit
Jul 29, 2019

The wells on this lease state different acreage

The permits state between 814 and 1,082 acres. Use the acres from your own division order for the well you are paid on.

17 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 Denise
API numberWell no.Acreson the permit
42-329-435832034WA1,082
42-329-435842035WB1,082
42-329-435852036WA1,082
42-329-435862027WA1,082
42-329-435872038WB1,082
42-329-415182024LB1,082
42-329-415122014LA1,082
42-329-415022025LB1,082
42-329-414662026LA1,082
42-329-414002017LA1,082
42-329-414012016LB1,082
42-329-413512028LB1,082

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

What the operator reported

What Crescent Energy Company told investors it received

Crescent Energy Operating, LLC is linked to Crescent Energy Company (CRGY). Public companies report the average price they realize each quarter. It is an average across everything the company operates, not the price on this lease.
Realized prices reported by Crescent Energy Company
QuarterOil$ per bblFiling
Q1 2026$71.00SEC filing
Q4 2025$62.21SEC filing
Q3 2025$63.07SEC filing
Q2 2025$61.47SEC filing
Q1 2025$67.64SEC filing
Q4 2024$67.51SEC filing

SourceCrescent Energy Company quarterly reports on SEC EDGAR, prices before hedging where the company states both. Read by machine from each filing’s tables; the link opens the filing so you can check the figure.

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Estimator

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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 DENISE 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 DENISE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Crescent Energy10,49110,10846,43845,013717$84.81$3.15
May 2026Crescent Energy11,59811,15951,79748,7582,311$102.13$2.94
Apr 2026Crescent Energy11,46611,66853,66553,6650$100.32$2.77
Mar 2026Crescent Energy12,83712,88658,79357,718351$91.38$3.04
Feb 2026Crescent Energy11,79811,87453,33952,63928$64.51$3.62
Jan 2026Crescent Energy13,69013,52553,52352,81726$60.04$7.72
Dec 2025Vital Energy,12,91312,96750,96250,2153$57.97$4.26
Nov 2025Vital Energy,12,27012,34048,70443,5194,577$60.06$3.79
Oct 2025Vital Energy,13,99513,97353,22152,4761$60.89$3.19
Sep 2025Vital Energy,15,05414,90056,90856,1871$63.96$2.97
Aug 2025Vital Energy,16,37416,40354,93854,2004$64.86$2.91
Jul 2025Vital Energy,13,14613,27146,26645,5602$68.39$3.20
Jun 2025Vital Energy,12,08311,86944,56843,756120$68.17$3.02
May 2025Vital Energy,13,28213,55643,66842,9960$62.17$3.12
Apr 2025Vital Energy,14,77614,78247,10945,631802$63.54$3.42
Mar 2025Vital Energy,17,95518,30854,41451,5822,100$68.24$4.12
Feb 2025Vital Energy,13,26413,37739,77536,2272,951$71.53$4.19
Jan 2025Vital Energy,15,77815,69945,58044,9320$75.74$4.13
Dec 2024Vital Energy,16,14016,07148,15747,308105$70.12$3.01
Nov 2024Vital Energy,14,72114,47347,70546,92065$69.95$2.12
Oct 2024Vital Energy,16,25416,35454,11253,3680$71.99$2.20
Sep 2024Vital Energy,15,28715,24055,18054,4600$70.24$2.28
Aug 2024Vital Energy,20,41920,29870,67869,9340$76.68$1.99
Jul 2024Vital Energy,21,80821,79271,18470,4400$81.80$2.07
Jun 2024Vital Energy,21,34221,45966,18065,4840$79.77$2.54
May 2024Vital Energy,19,79219,78762,60161,9131$80.02$2.12
Apr 2024Vital Energy,18,67018,72959,41757,1301,575$85.35$1.60
Mar 2024Vital Energy,19,10219,09355,05654,3120$81.28$1.49
Feb 2024Vital Energy,15,15815,17345,87644,5920$77.25$1.72
Jan 2024Vital Energy,21,16321,08164,05362,8160$74.15$3.18
Dec 2023Vital Energy,24,90025,13176,49275,4780$71.90$2.52
Nov 2023Vital Energy,26,33725,96581,74680,3300$77.69$2.71
Oct 2023Vital Energy,27,50327,40283,42581,325200$85.64$2.98
Sep 2023Vital Energy,29,49529,70089,31187,286225$89.43$2.64
Aug 2023Vital Energy,31,92131,85986,11384,063250$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

OperatorCrescent Energy Operating, LLCFieldParks (Consolidated)CountyMidland County

Crescent Energy Operating, LLC in Midland County

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Parks (Consolidated) field

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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 45874, 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.