Texas oil lease · RRC district 06 · Lease 15531
ProducingGIFT RANCH
Gift Ranch is an oil lease in Smith County, Texas, operated by Strand Energy, L.c. in the NKB (Sub-Clarkville) field. The Railroad Commission shows 4,545 bbl of oil in the 12 months through Jul 2026.
Oil lease dossier · 4 wells
- Operator
- Strand Energy, L.c.
- County
- Smith County
- Field
- NKB (Sub-Clarkville)
- RRC lease
- 06-15531
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Where it sits
This county
- Gas, last 12 months
- 4,938 mcf
- Oil in Jul 2026
- 248 bbl
- Reporting to the state
- since Jan 2020
- Wells
- 4
Production
Month by month, from the state record
Oil output fell 10% over the last 12 months
4,545 bbl in the 12 months through Jul 2026, against 5,069 bbl in the 12 months before.
- Oil (bars, left axis)
- Gas (line, right axis)
- Last 12 months
SourceTexas Railroad Commission Production Data Query, oil lease 15531, district 06. Reported through Jul 2026. The state revises recent months.
Gas disposition
Where the gas went
All of the gas went to lease fuel in the last 12 months
Each bar is one month. Colors are the disposition codes the operator reported.
SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 15531, district 06. Reported through Jul 2026.
Lease fuel (1)
Burned to run equipment on the lease. Not sold, so it pays no royalty. A few percent is normal.
None of the gas was flared in the last 12 months.
Operator history
Who has run this lease
Strand Energy, L.c. has reported this lease for the whole period
No change of operator in the months we hold.
- Strand Energy, L.c. Jan 2020 to now
SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.
Wells
4 wells on this lease
| API number | Well no. | Status | Total depthft |
|---|---|---|---|
| 42-423-32397 | 1 | Shut-in | – |
| 42-423-32403 | 2 | Active | – |
| 42-423-32404 | 3 | Active | – |
| 42-423-32418 | 5 | Active | – |
SourceTexas Railroad Commission Wellbore Query, district 06, lease 15531.
Who buys and gathers
Who moves and buys this lease's production
Oil
Dk Trading & Supply, LLC gathers it.
100% of it, on the list since Jul 1, 2022
Companies that used to be listed: Lion Oil Trading & Trans, LLC (gathers it, until Jul 1, 2022).
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.
Unit and wells
452 acres on the newest permit
- Wells on the permits
- 44 not plugged
- Horizontal
- 0
- First completion
- Jun 23, 2017
- Latest permit
- Jun 6, 2018
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-423-32418 | 5 | Jun 6, 2018 | Aug 2, 2018 | 452 |
| 42-423-32404 | 3 | Jan 31, 2018 | May 4, 2018 | 452 |
| 42-423-32403 | 2 | Jan 3, 2018 | Apr 30, 2018 | 452 |
| 42-423-32397 | 1 | Mar 20, 2017 | Jun 23, 2017 | 452 |
Estimator
Estimate your royalty for this lease
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 GIFT RANCH 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
An estimate, not your check
Ledger
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | Gas producedmcf | Gas soldmcf, codes 2+3 | Flaredmcf, code 4 | WTI$ per bbl | Henry Hub$ per MMBtu |
|---|---|---|---|---|---|---|---|
| Jul 2026Strand Energy, | 248 | 148 | 184 | 0 | 0 | $80.46 | $2.89 |
| Jun 2026Strand Energy, | 430 | 492 | 224 | 0 | 0 | $84.81 | $3.15 |
| May 2026Strand Energy, | 458 | 448 | 480 | 0 | 0 | $102.13 | $2.94 |
| Apr 2026Strand Energy, | 406 | 335 | 465 | 0 | 0 | $100.32 | $2.77 |
| Mar 2026Strand Energy, | 408 | 487 | 465 | 0 | 0 | $91.38 | $3.04 |
| Feb 2026Strand Energy, | 203 | 164 | 450 | 0 | 0 | $64.51 | $3.62 |
| Jan 2026Strand Energy, | 242 | 159 | 390 | 0 | 0 | $60.04 | $7.72 |
| Dec 2025Strand Energy, | 317 | 332 | 480 | 0 | 0 | $57.97 | $4.26 |
| Nov 2025Strand Energy, | 484 | 678 | 465 | 0 | 0 | $60.06 | $3.79 |
| Oct 2025Strand Energy, | 490 | 331 | 450 | 0 | 0 | $60.89 | $3.19 |
| Sep 2025Strand Energy, | 391 | 326 | 390 | 0 | 0 | $63.96 | $2.97 |
| Aug 2025Strand Energy, | 468 | 645 | 495 | 0 | 0 | $64.86 | $2.91 |
| Jul 2025Strand Energy, | 339 | 321 | 375 | 0 | 0 | $68.39 | $3.20 |
| Jun 2025Strand Energy, | 370 | 333 | 375 | 0 | 0 | $68.17 | $3.02 |
| May 2025Strand Energy, | 457 | 333 | 435 | 0 | 0 | $62.17 | $3.12 |
| Apr 2025Strand Energy, | 403 | 487 | 420 | 0 | 0 | $63.54 | $3.42 |
| Mar 2025Strand Energy, | 473 | 494 | 495 | 0 | 0 | $68.24 | $4.12 |
| Feb 2025Strand Energy, | 414 | 483 | 435 | 0 | 0 | $71.53 | $4.19 |
| Jan 2025Strand Energy, | 399 | 325 | 420 | 0 | 0 | $75.74 | $4.13 |
| Dec 2024Strand Energy, | 493 | 490 | 480 | 0 | 0 | $70.12 | $3.01 |
| Nov 2024Strand Energy, | 260 | 320 | 270 | 0 | 0 | $69.95 | $2.12 |
| Oct 2024Strand Energy, | 429 | 331 | 450 | 0 | 0 | $71.99 | $2.20 |
| Sep 2024Strand Energy, | 515 | 648 | 480 | 0 | 0 | $70.24 | $2.28 |
| Aug 2024Strand Energy, | 517 | 499 | 465 | 0 | 0 | $76.68 | $1.99 |
| Jul 2024Strand Energy, | 592 | 662 | 495 | 0 | 0 | $81.80 | $2.07 |
| Jun 2024Strand Energy, | 526 | 493 | 465 | 0 | 0 | $79.77 | $2.54 |
| May 2024Strand Energy, | 536 | 663 | 465 | 0 | 0 | $80.02 | $2.12 |
| Apr 2024Strand Energy, | 455 | 334 | 375 | 0 | 0 | $85.35 | $1.60 |
| Mar 2024Strand Energy, | 514 | 506 | 450 | 0 | 0 | $81.28 | $1.49 |
| Feb 2024Strand Energy, | 510 | 488 | 435 | 0 | 0 | $77.25 | $1.72 |
| Jan 2024Strand Energy, | 411 | 653 | 375 | 0 | 0 | $74.15 | $3.18 |
| Dec 2023Strand Energy, | 610 | 500 | 495 | 0 | 0 | $71.90 | $2.52 |
| Nov 2023Strand Energy, | 348 | 325 | 390 | 0 | 0 | $77.69 | $2.71 |
| Oct 2023Strand Energy, | 293 | 164 | 420 | 0 | 0 | $85.64 | $2.98 |
| Sep 2023Strand Energy, | 166 | 151 | 285 | 0 | 0 | $89.43 | $2.64 |
| Aug 2023Strand Energy, | 51 | 146 | 75 | 0 | 0 | $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).
Check your statements
Do your checks match this lease?
Upload your statements for GIFT RANCH. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Strand Energy, L.c.
- A month that was never paid
- Your share of the barrels and mcf
- The price against WTI and Henry Hub
- Fees taken on gas
- Late payment interest
Around this lease
Walk the neighborhood
This lease belongs to
NKB (Sub-Clarkville) field
No other producing leases in this field are in our data yet.
Leases within 10 km
Found by the location of their wells.
- FLEMING
0 bbl last 12 months · 3.4 km away
- ANDERSON CHARITABLE TRUST
55,843 bbl last 12 months · 3.9 km away
- MALLORY
4,750 bbl last 12 months · 4.2 km away
- MALLORY, ERIC
0 bbl last 12 months · 4.3 km away
- PAPAZIAN, J. A. ET AL
4,612 bbl last 12 months · 4.5 km away
Drilling permits within 10 km
ALLEN #3
new drill · Strand Energy, L.c. · Wood County · 6.9 km away
Permit 0913221 · Feb 9, 2026
AFG #2
new drill · Maximus Operating, Ltd. · Smith County · 4 km away
Permit 0895960 · Dec 27, 2023
FAMILY LAND #1
new drill · Strand Energy, L.c. · Wood County · 7.9 km away
Permit 0893857 · Oct 2, 2023
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 15531, district 06, 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.