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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 40938

Producing

FEE "AV"

Fee "Av" is an oil lease in Midland County, Texas, operated by Fasken Oil and Ranch, Ltd. in the Spraberry (Trend Area) field. The Railroad Commission shows 39,112 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 19 wells

39,112bbl oil, last 12 months+46% vs prior year
Operator
Fasken Oil and Ranch, Ltd.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-40938

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County · RRC district 08Open Midland County →
Gas, last 12 months
350,001 mcf
Oil in Jul 2026
4,294 bbl
Reporting to the state
since Jan 2020
Wells
19

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 rose 46% over the last 12 months

39,112 bbl in the 12 months through Jul 2026, against 26,811 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output rose 46% over the last 12 monthsMonthly oil production and gas for FEE "AV", Aug 2023 to Jul 2026. Oil output rose 46% over the last 12 months. 39,112 bbl in the 12 months through Jul 2026, against 26,811 bbl in the 12 months before.Last 12 months: 39,112 bblbbl per monthmcf per month002,00020k4,00040k6,00060k8,00080kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 46% over the last 12 monthsMonthly oil production and gas for FEE "AV", Aug 2023 to Jul 2026. Oil output rose 46% over the last 12 months. 39,112 bbl in the 12 months through Jul 2026, against 26,811 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,00020k4,00040k6,00060k8,00080kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 40938, 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 processing plant in the last 12 months

Flaring peaked at 4.5% of the gas in Jul 2026.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
99% of the gas went to a processing plant in the last 12 monthsShare of FEE "AV" gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.5% of the gas in Jul 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 4.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
99% of the gas went to a processing plant in the last 12 monthsShare of FEE "AV" gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.5% of the gas in Jul 2026.Share of gas by disposition code0%50%100%Flared 4.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 40938, 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.

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, 0.6% of the gas was flared. One month 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.

Fasken Oil and Ranch, Ltd. has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeFasken Oil and Ranch, Ltd., Jan 2020 to Jul 20262020202120222023202420252026Fasken Oil and Ranch, Ltd.Jan 2020 to nowthrough Jul 2026
Operators of this lease over timeFasken Oil and Ranch, Ltd., Jan 2020 to Jul 20262020202120222023202420252026Fasken Oil and Ranch, Ltd.Jan 2020 to nowthrough Jul 2026

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

Wells

19 wells on this lease

Every well the Railroad Commission links to oil lease 40938 in district 08. The API number is the state’s ID for a well.
Wells on FEE "AV"
API numberWell no.Status
42-329-367201729Active
42-329-367211732Active
42-329-367221731Active
42-329-367231704Active
42-329-367241712Active
42-329-367251720Active
42-329-367261728Active
42-329-367271726Active
42-329-367281702Active
42-329-367291710Active
42-329-367301716Active
42-329-367311705Active
42-329-367321714Active
42-329-367331718Active
42-329-367341715Active
42-329-367351713Active
42-329-367361721Active
42-329-367431708Active
42-329-367441709Active

SourceTexas Railroad Commission Wellbore Query, district 08, lease 40938.

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

    Fasken Oil and Ranch, Ltd. gathers it.

    100% of it, on the list since Dec 29, 2010

  • Gas from oil wells

    Fasken Oil and Ranch, Ltd. buys and gathers it.

    Fasken Oil and Ranch, Ltd. buys it: 100% of it, on the list since Dec 17, 2013 · Fasken Oil and Ranch, Ltd. gathers it: 100% of it, on the list since Dec 29, 2010

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

640 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
1919 not plugged
Horizontal
0
First completion
Dec 20, 2010
Latest permit
Aug 24, 2010

19 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 Fee "Av"
API numberWell no.Acreson the permit
42-329-367441709640
42-329-367431708640
42-329-367211732640
42-329-367281702640
42-329-367291710640
42-329-367301716640
42-329-367311705640
42-329-367341715640
42-329-367351713640
42-329-367361721640
42-329-367201729640
42-329-367221731640

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 FEE "AV" 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 FEE "AV"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Fasken Oil4,2944,15744,24542,2451,975$80.46$2.89
Jun 2026Fasken Oil4,9815,09450,97650,9510$84.81$3.15
May 2026Fasken Oil6,0126,02747,44647,4210$102.13$2.94
Apr 2026Fasken Oil4,4834,47540,69440,6690$100.32$2.77
Mar 2026Fasken Oil4,0414,03615,01114,9860$91.38$3.04
Feb 2026Fasken Oil4473962,8632,8380$64.51$3.62
Jan 2026Fasken Oil6486229,0048,9790$60.04$7.72
Dec 2025Fasken Oil2,2072,34526,37626,3510$57.97$4.26
Nov 2025Fasken Oil2,3832,45627,02026,9950$60.06$3.79
Oct 2025Fasken Oil2,6842,55229,82329,7980$60.89$3.19
Sep 2025Fasken Oil3,1673,31428,25428,2290$63.96$2.97
Aug 2025Fasken Oil3,7653,65428,28928,2640$64.86$2.91
Jul 2025Fasken Oil3,6813,59523,04823,0230$68.39$3.20
Jun 2025Fasken Oil3,3123,36919,83919,8140$68.17$3.02
May 2025Fasken Oil3,5983,65025,85525,8300$62.17$3.12
Apr 2025Fasken Oil4,2764,18223,71923,6610$63.54$3.42
Mar 2025Fasken Oil2,3602,29515,25015,2250$68.24$4.12
Feb 2025Fasken Oil3712612,8642,8390$71.53$4.19
Jan 2025Fasken Oil3584401,5281,5030$75.74$4.13
Dec 2024Fasken Oil1,4341,4807,3827,3570$70.12$3.01
Nov 2024Fasken Oil2,0882,04111,19611,1710$69.95$2.12
Oct 2024Fasken Oil2,1782,23311,63411,6090$71.99$2.20
Sep 2024Fasken Oil2,2072,42110,43610,4110$70.24$2.28
Aug 2024Fasken Oil9486278,7708,7450$76.68$1.99
Jul 2024Fasken Oil5856499,0929,0670$81.80$2.07
Jun 2024Fasken Oil7297579,0679,0420$79.77$2.54
May 2024Fasken Oil1,4431,4479,7429,7170$80.02$2.12
Apr 2024Fasken Oil1,8941,95612,12312,0980$85.35$1.60
Mar 2024Fasken Oil2,2942,30513,18913,1640$81.28$1.49
Feb 2024Fasken Oil2,3752,32712,43812,4130$77.25$1.72
Jan 2024Fasken Oil2,5762,57613,51413,4890$74.15$3.18
Dec 2023Fasken Oil2,5012,55312,77112,7460$71.90$2.52
Nov 2023Fasken Oil2,3152,26913,17013,1450$77.69$2.71
Oct 2023Fasken Oil2,1752,18913,81913,7940$85.64$2.98
Sep 2023Fasken Oil2,3692,37714,39014,3650$89.43$2.64
Aug 2023Fasken Oil2,5502,55115,23215,2070$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

OperatorFasken Oil and Ranch, Ltd.FieldSpraberry (Trend Area)CountyMidland County

Fasken Oil and Ranch, Ltd. in Midland County

All Fasken Oil and Ranch, Ltd. leases →

Spraberry (Trend Area) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

  • GOLIATH

    0 bbl last 12 months · 0.4 km away

  • CASSELMAN 16

    200,719 bbl last 12 months · 0.8 km away

  • FEE "AA"

    32,980 bbl last 12 months · 0.9 km away

  • CASSELMAN8

    37,831 bbl last 12 months · 1.2 km away

  • FEE "AY"

    34,354 bbl last 12 months · 1.3 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 40938, 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.