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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 39539

Producing

FEE "AW"

Fee "Aw" 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 109,634 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 48 wells

109,634bbl oil, last 12 months+11% vs prior year
Operator
Fasken Oil and Ranch, Ltd.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-39539

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County · RRC district 08Open Midland County →
Gas, last 12 months
456,576 mcf
Oil in Jul 2026
8,853 bbl
Reporting to the state
since Jan 2020
Wells
48

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 11% over the last 12 months

109,634 bbl in the 12 months through Jul 2026, against 98,977 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output rose 11% over the last 12 monthsMonthly oil production and gas for FEE "AW", Aug 2023 to Jul 2026. Oil output rose 11% over the last 12 months. 109,634 bbl in the 12 months through Jul 2026, against 98,977 bbl in the 12 months before.Last 12 months: 109,634 bblbbl per monthmcf per month005,00020k10k40k15k60k20k80kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 11% over the last 12 monthsMonthly oil production and gas for FEE "AW", Aug 2023 to Jul 2026. Oil output rose 11% over the last 12 months. 109,634 bbl in the 12 months through Jul 2026, against 98,977 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00020k10k40k15k60k20k80kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 39539, 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 100.0% of the gas in Aug 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
99% of the gas went to a processing plant in the last 12 monthsShare of FEE "AW" 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 100.0% of the gas in Aug 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
99% of the gas went to a processing plant in the last 12 monthsShare of FEE "AW" 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 100.0% of the gas in Aug 2025.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 39539, 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, 0.7% 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.

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

48 wells on this lease

Every well the Railroad Commission links to oil lease 39539 in district 08. The API number is the state’s ID for a well.
Wells on FEE "AW"
API numberWell no.Status
42-003-409533402Active
42-003-409573401Active
42-003-409583410Active
42-003-409633408Active
42-003-409643407Active
42-003-469593502Active
42-003-469603503Active
42-003-469613505Active
42-003-469633506Active
42-003-469643508Active
42-003-469653501Active
42-003-469663504Active
42-003-481043406Active
42-003-481113412Active
42-003-481123409Active
42-003-481133405Active
42-003-481143404Active
42-003-481183403Active
42-329-399663513Active
42-329-399673511Active
42-329-399683509Active
42-329-399693515Active
42-329-399703514Active
42-329-399713507Active
42-329-399723512Active
42-329-399733510Active
42-329-399743516Active
42-329-402283904Active
42-329-405583908Active
42-329-405933912Active
42-329-406003903Active
42-329-406013916Active
42-329-406103902Active
42-329-406383913Active
42-329-406523906Active
42-329-406543915Active
42-329-406723907Active
42-329-406733914Active
42-329-406743905Active
42-329-406863910Active
42-329-407133909Active
42-329-407383911Active
42-329-407603901Active
42-329-434883415Active
42-329-434923413Active
42-329-434943416Active
42-329-435153414Active
42-329-435163411Active

SourceTexas Railroad Commission Wellbore Query, district 08, lease 39539.

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 Jun 5, 2009

  • 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 Jun 5, 2009

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

1,945 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
4848 not plugged
Horizontal
0
First completion
Jun 5, 2009
Latest permit
Jun 28, 2019

The wells on this lease state different acreage

The permits state between 1,945 and 2,589 acres. Use the acres from your own division order for the well you are paid on.

48 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 "Aw"
API numberWell no.Acreson the permit
42-003-4811434041,945
42-003-4811834031,945
42-003-4811234091,945
42-003-4811334051,945
42-329-4351534141,945
42-329-4351634111,945
42-329-4348834151,945
42-329-4349234131,945
42-329-4349434161,945
42-003-4811134121,945
42-003-4095734011,945
42-003-4810434061,945

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

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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 "AW" 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 "AW"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Fasken Oil8,8538,69647,19845,3071,891$80.46$2.89
Jun 2026Fasken Oil9,5819,66047,00347,0030$84.81$3.15
May 2026Fasken Oil10,44510,42142,55042,5500$102.13$2.94
Apr 2026Fasken Oil8,2588,21735,36235,3620$100.32$2.77
Mar 2026Fasken Oil7,5177,43134,93334,9330$91.38$3.04
Feb 2026Fasken Oil6,4196,45829,14929,1490$64.51$3.62
Jan 2026Fasken Oil9,7429,85040,84140,8410$60.04$7.72
Dec 2025Fasken Oil11,40111,27444,48344,4830$57.97$4.26
Nov 2025Fasken Oil9,4199,36946,35946,3590$60.06$3.79
Oct 2025Fasken Oil9,88110,00846,60946,6090$60.89$3.19
Sep 2025Fasken Oil10,36610,27740,63240,6320$63.96$2.97
Aug 2025Fasken Oil7,7527,6781,45701,457$64.86$2.91
Jul 2025Fasken Oil5,2155,27930,30730,3070$68.39$3.20
Jun 2025Fasken Oil5,8395,89430,57830,5780$68.17$3.02
May 2025Fasken Oil9,2429,37843,10543,1050$62.17$3.12
Apr 2025Fasken Oil9,5819,59145,48245,4820$63.54$3.42
Mar 2025Fasken Oil9,4469,47646,65146,6010$68.24$4.12
Feb 2025Fasken Oil8,5658,51642,44342,4430$71.53$4.19
Jan 2025Fasken Oil10,18610,04548,26348,2630$75.74$4.13
Dec 2024Fasken Oil10,16810,33549,59949,5990$70.12$3.01
Nov 2024Fasken Oil10,0249,90949,78849,7880$69.95$2.12
Oct 2024Fasken Oil10,69510,61352,20952,2090$71.99$2.20
Sep 2024Fasken Oil9,11310,18450,32944,9425,387$70.24$2.28
Aug 2024Fasken Oil903053,47853,4780$76.68$1.99
Jul 2024Fasken Oil10,49410,32356,88855,1381,750$81.80$2.07
Jun 2024Fasken Oil10,48410,46750,36750,3670$79.77$2.54
May 2024Fasken Oil10,84710,93855,27955,2790$80.02$2.12
Apr 2024Fasken Oil9,3019,23852,07252,0720$85.35$1.60
Mar 2024Fasken Oil11,44611,65057,46757,4670$81.28$1.49
Feb 2024Fasken Oil10,57110,50253,43053,4300$77.25$1.72
Jan 2024Fasken Oil12,40612,27654,98354,9830$74.15$3.18
Dec 2023Fasken Oil12,25912,33146,06446,0140$71.90$2.52
Nov 2023Fasken Oil10,47710,65251,72051,6700$77.69$2.71
Oct 2023Fasken Oil10,94110,72756,40256,3520$85.64$2.98
Sep 2023Fasken Oil11,35511,32858,87958,8290$89.43$2.64
Aug 2023Fasken Oil13,01913,07164,48264,4320$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.

  • FEE 'BN'

    363,870 bbl last 12 months · 1.1 km away

  • GAILAN

    3,699 bbl last 12 months · 1.2 km away

  • BOHANNON26

    4,427 bbl last 12 months · 1.4 km away

  • CASSELMAN40

    58,888 bbl last 12 months · 1.4 km away

  • FEE BAR A

    741,027 mcf last 12 months · 1.6 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 39539, 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.