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Royalty Clerk

Texas oil lease · RRC district 01 · Lease 16740

Producing

FUNK LAS

Funk Las is an oil lease in LA Salle County, Texas, operated by Ineos USA Oil & Gas LLC in the Eagleville (Eagle Ford-1) field. The Railroad Commission shows 270 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

270bbl oil, last 12 months+94% vs prior year
Operator
Ineos USA Oil & Gas LLC
County
LA Salle County
Field
Eagleville (Eagle Ford-1)
RRC lease
01-16740

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Where it sits

This county

LA Salle CountyLA SalleZavalaAtascosaMcMullenDimmitFrioLA Salle County
LA Salle County · RRC district 01Open LA Salle County →
Gas, last 12 months
3,073 mcf
Oil in Jul 2026
5 bbl
Reporting to the state
since Jan 2020
Wells
1

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 94% over the last 12 months

270 bbl in the 12 months through Jul 2026, against 139 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output rose 94% over the last 12 monthsMonthly oil production and gas for FUNK LAS, Aug 2023 to Jul 2026. Oil output rose 94% over the last 12 months. 270 bbl in the 12 months through Jul 2026, against 139 bbl in the 12 months before.Last 12 months: 270 bblbbl per monthmcf per month002001,0004002,0006003,0008004,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 94% over the last 12 monthsMonthly oil production and gas for FUNK LAS, Aug 2023 to Jul 2026. Oil output rose 94% over the last 12 months. 270 bbl in the 12 months through Jul 2026, against 139 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002001,0004002,0006003,0008004,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 16740, 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.

Since Jul 2026 the lease's gas goes to a transmission line instead of lease fuel

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 3.4% of the gas in May 2026.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Jul 2026 the lease's gas goes to a transmission line instead of lease fuelShare of FUNK LAS gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to a transmission line instead of lease fuel. 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 3.4% of the gas in May 2026.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: fuel to lineFlared 3.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a transmission line instead of lease fuelShare of FUNK LAS gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to a transmission line instead of lease fuel. 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 3.4% of the gas in May 2026.Share of gas by disposition code0%50%100%Jul 26: fuel to lineFlared 3.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 16740, district 01. Reported through Jul 2026.

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, 0.8% of the gas was flared. 2 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 Apr 2023

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 timeChesapeake Operating, L.L.C., Jan 2020 to Mar 2023; Ineos USA Oil & Gas LLC, Apr 2023 to Jul 20262020202120222023202420252026Changed Apr 2023Chesapeake Operating, L.L.C.Jan 2020 to Mar 2023Ineos USA Oil & Gas LLCApr 2023 to now
Operators of this lease over timeChesapeake Operating, L.L.C., Jan 2020 to Mar 2023; Ineos USA Oil & Gas LLC, Apr 2023 to Jul 20262020202120222023202420252026Changed Apr 2023Chesapeake Operating, L.L.C.Jan 2020 to Mar 2023Ineos USA Oil & Gas LLCApr 2023 to now

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 16740 in district 01. The API number is the state’s ID for a well.
Wells on FUNK LAS
API numberWell no.Status
42-283-33219B 5HActive

SourceTexas Railroad Commission Wellbore Query, district 01, lease 16740.

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

    Ineos Energy Marketing USA LLC gathers it.

    100% of it, on the list since Nov 1, 2023

  • Gas from oil wells

    Ineos Energy Marketing USA LLC buys it; Williams Mlp Operating LLC gathers it.

    Ineos Energy Marketing USA LLC buys it: 100% of it, on the list since Nov 1, 2023 · Williams Mlp Operating LLC gathers it: 100% of it, on the list since Oct 1, 2015

Companies that used to be listed: Chesapeake Energy Mktg, L.l.c. (buys it, until Nov 1, 2023); Chesapeake Energy Mktg, L.l.c. (gathers it, until Nov 1, 2023); Chesapeake Energy Mktg, L.l.c. (gathers it, until Apr 28, 2023); Phillips 66 Company (gathers it, until Apr 28, 2023).

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

312.54 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
11 not plugged
Horizontal
1
First completion
Jan 10, 2013
Latest permit
May 10, 2012
Wells and acres on the permits for Funk Las
API numberWell no.Acreson the permit
42-283-33219B 5H312.54

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.

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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 FUNK LAS 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 FUNK LAS
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Ineos USA51537204710$80.46$2.89
Jun 2026Ineos USA7025146$84.81$3.15
May 2026Ineos USA19026359$102.13$2.94
Apr 2026Ineos USA25025678$100.32$2.77
Mar 2026Ineos USA6025010$91.38$3.04
Feb 2026Ineos USA4023160$64.51$3.62
Jan 2026Ineos USA0025670$60.04$7.72
Dec 2025Ineos USA21025780$57.97$4.26
Nov 2025Ineos USA15024971$60.06$3.79
Oct 2025Ineos USA35155263140$60.89$3.19
Sep 2025Ineos USA133077770$63.96$2.97
Aug 2025Ineos USA00000$64.86$2.91
Jul 2025Ineos USA11816350500$68.39$3.20
Jun 2025Ineos USA0059590$68.17$3.02
May 2025Ineos USA00000$62.17$3.12
Apr 2025Ineos USA00000$63.54$3.42
Mar 2025Ineos USA00000$68.24$4.12
Feb 2025Ineos USA00000$71.53$4.19
Jan 2025Ineos USA00000$75.74$4.13
Dec 2024Ineos USA00000$70.12$3.01
Nov 2024Ineos USA00000$69.95$2.12
Oct 2024Ineos USA140000$71.99$2.20
Sep 2024Ineos USA00000$70.24$2.28
Aug 2024Ineos USA71786376370$76.68$1.99
Jul 2024Ineos USA1708588580$81.80$2.07
Jun 2024Ineos USA901,7131,7130$79.77$2.54
May 2024Ineos USA1401,4551,4523$80.02$2.12
Apr 2024Ineos USA350000$85.35$1.60
Mar 2024Ineos USA614263630$81.28$1.49
Feb 2024Ineos USA10000$77.25$1.72
Jan 2024Ineos USA40000$74.15$3.18
Dec 2023Ineos USA32033330$71.90$2.52
Nov 2023Ineos USA42064640$77.69$2.71
Oct 2023Ineos USA2123521,0451,0432$85.64$2.98
Sep 2023Ineos USA6555373,2193,2145$89.43$2.64
Aug 2023Ineos USA00660$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

OperatorIneos USA Oil & Gas LLCFieldEagleville (Eagle Ford-1)CountyLA Salle County

Ineos USA Oil & Gas LLC in LA Salle County

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Eagleville (Eagle Ford-1) field

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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 16740, 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.