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Royalty Clerk

Texas oil lease · RRC district 03 · Lease 26434

Shut in

GRACE

Grace is an oil lease in Madison County, Texas, operated by E2 Operating LLC in the Fort Trinidad, East (Buda) field. The Railroad Commission shows 17 bbl of oil in the 12 months through Jun 2026.

Oil lease dossier · 1 well

17bbl oil, last 12 months−99% vs prior year
Operator
E2 Operating LLC
County
Madison County
Field
Fort Trinidad, East (Buda)
RRC lease
03-26434

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Where it sits

This county

Madison CountyMadisonWalkerLimestoneHoustonLeonBrazosRobertsonMadison County
Madison County · RRC district 03Open Madison County →
Gas, last 12 months
17 mcf
Oil in Jun 2026
0 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 fell 99% over the last 12 months

9 bbl in the 12 months through Jul 2026, against 785 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 99% over the last 12 monthsMonthly oil production and gas for GRACE, Aug 2023 to Jul 2026. Oil output fell 99% over the last 12 months. 9 bbl in the 12 months through Jul 2026, against 785 bbl in the 12 months before.Last 12 months: 9 bblbbl per monthmcf per month00100252005030075400100500125Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 99% over the last 12 monthsMonthly oil production and gas for GRACE, Aug 2023 to Jul 2026. Oil output fell 99% over the last 12 months. 9 bbl in the 12 months through Jul 2026, against 785 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00100252005030075400100500125Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 26434, district 03. 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.

All of the gas went to a transmission line in the 10 months reported

Each bar is one month. Colors are the disposition codes the operator reported.

All of the gas went to a transmission line in the 10 months reportedShare of GRACE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the 10 months reported. Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a transmission line in the 10 months reportedShare of GRACE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the 10 months reported. Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 26434, district 03. Reported through Jul 2026.

Transmission line (2)

Sold straight into a pipeline without processing. Processing fees on your statement would be worth asking about.

None of the gas was flared in the 10 months reported.

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 Aug 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 timeBurk Royalty Co., Ltd., Jan 2020 to Jul 2023; E2 Operating LLC, Aug 2023 to Jun 20262020202120222023202420252026Changed Aug 2023Burk Royalty Co., Ltd.Jan 2020 to Jul 2023E2 Operating LLCAug 2023 to now
Operators of this lease over timeBurk Royalty Co., Ltd., Jan 2020 to Jul 2023; E2 Operating LLC, Aug 2023 to Jun 20262020202120222023202420252026Changed Aug 2023Burk Royalty Co., Ltd.Jan 2020 to Jul 2023E2 Operating LLCAug 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 26434 in district 03. The API number is the state’s ID for a well.
Wells on GRACE
API numberWell no.Status
42-313-309851Shut-in

SourceTexas Railroad Commission Wellbore Query, district 03, lease 26434.

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

    Energy Trans Crude Marketing LLC gathers it.

    100% of it, on the list since Aug 1, 2024

  • Gas from oil wells

    Et Gathering & Processing LLC buys it; Energy Transfer Company gathers it.

    Et Gathering & Processing LLC buys it: 100% of it, on the list since Oct 1, 2023 · Energy Transfer Company gathers it: 100% of it, on the list since Jun 1, 2020

Companies that used to be listed: Shell Trading (Us) Company (gathers it, until Aug 1, 2024); Energy Transfer Company (buys it, until Oct 1, 2023); Gulfmark Energy, Inc. (gathers it, until Oct 1, 2023); Midcoast Pipelines (E Tx) L.p. (gathers it, until Jun 1, 2020); Midcoast G & P (East Texas) L.p. (buys it, until Jun 1, 2020); Shell Trading (Us) Company (gathers it, until Jun 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

697.82 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
0
First completion
Jun 12, 2013
Latest permit
Mar 25, 2013
Wells and acres on the permits for Grace
API numberWell no.Acreson the permit
42-313-309851697.82

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 GRACE sold each month.

For example 0.00097656, or a fraction like 1/1024.

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 GRACE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026E2 Operating00000$84.81$3.15
May 2026E2 Operating00000$102.13$2.94
Apr 2026E2 Operating00000$100.32$2.77
Mar 2026E2 Operating70000$91.38$3.04
Feb 2026E2 Operating00000$64.51$3.62
Jan 2026E2 Operating00000$60.04$7.72
Dec 2025E2 Operating00000$57.97$4.26
Nov 2025E2 Operating00000$60.06$3.79
Oct 2025E2 Operating00000$60.89$3.19
Sep 2025E2 Operating20770$63.96$2.97
Aug 2025E2 Operating00660$64.86$2.91
Jul 2025E2 Operating80440$68.39$3.20
Jun 2025E2 Operating20000$68.17$3.02
May 2025E2 Operating00000$62.17$3.12
Apr 2025E2 Operating00000$63.54$3.42
Mar 2025E2 Operating80000$68.24$4.12
Feb 2025E2 Operating50000$71.53$4.19
Jan 2025E2 Operating118116000$75.74$4.13
Dec 2024E2 Operating19116000$70.12$3.01
Nov 2024E2 Operating7760000$69.95$2.12
Oct 2024E2 Operating205290000$71.99$2.20
Sep 2024E2 Operating1620000$70.24$2.28
Aug 2024E2 Operating181353000$76.68$1.99
Jul 2024E2 Operating21782000$81.80$2.07
Jun 2024E2 Operating145177000$79.77$2.54
May 2024E2 Operating8115547470$80.02$2.12
Apr 2024E2 Operating30000$85.35$1.60
Mar 2024E2 Operating96184000$81.28$1.49
Feb 2024E2 Operating79189660$77.25$1.72
Jan 2024E2 Operating179029290$74.15$3.18
Dec 2023E2 Operating1180000$71.90$2.52
Nov 2023E2 Operating11018117170$77.69$2.71
Oct 2023E2 Operating2191841051050$85.64$2.98
Sep 2023E2 Operating285394990$89.43$2.64
Aug 2023E2 Operating21017145450$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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Upload your statements for GRACE. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask E2 Operating LLC.

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Around this lease

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This lease belongs to

OperatorE2 Operating LLCFieldFort Trinidad, East (Buda)CountyMadison County

E2 Operating LLC in Madison County

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Fort Trinidad, East (Buda) field

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Leases within 10 km

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 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 26434, district 03, 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.