Texas oil lease · RRC district 03 · Lease 25729
ProducingGRESHAM TRUST
Gresham Trust is an oil lease in Leon County, Texas, operated by Comstock Oil & Gas, LLC in the Halliday (Woodbine) field. The Railroad Commission shows 1,787 bbl of oil in the 12 months through Jul 2026.
Oil lease dossier · 2 wells
- Operator
- Comstock Oil & Gas, LLC
- County
- Leon County
- Field
- Halliday (Woodbine)
- RRC lease
- 03-25729
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Where it sits
This county
- Gas, last 12 months
- 180 mcf
- Oil in Jul 2026
- 152 bbl
- Reporting to the state
- since Jan 2020
- Wells
- 2
Production
Month by month, from the state record
Oil output fell 10% over the last 12 months
1,787 bbl in the 12 months through Jul 2026, against 1,985 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 25729, district 03. Reported through Jul 2026. The state revises recent months.
Gas disposition
Where the gas went
All of the gas went to flaring in the last 12 months
Flaring peaked at 100.0% of the gas in Aug 2023.
SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 25729, district 03. Reported through Jul 2026.
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, 100.0% of the gas was flared. 29 months went above 3%, which we mark in the ledger below.
Operator history
Who has run this lease
Comstock Oil & Gas, LLC has reported this lease for the whole period
No change of operator in the months we hold.
- Comstock Oil & Gas, LLC Jan 2020 to now
SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.
Wells
2 wells on this lease
| API number | Well no. | Status | Total depthft |
|---|---|---|---|
| 42-289-31944 | 1H | Active | – |
| 42-289-31987 | 2H | Active | – |
SourceTexas Railroad Commission Wellbore Query, district 03, lease 25729.
Who buys and gathers
Who moves and buys this lease's production
Oil
Energy Transfer Marketing & Term gathers it.
100% of it, on the list since Oct 1, 2023
Companies that used to be listed: Energy Trans Crude Marketing LLC (gathers it, until Oct 1, 2023); Sunoco Ptnrs. Mktg.&terminals LP (gathers it, until Oct 1, 2023); Sunoco Ptnrs. Mktg.&terminals LP (gathers it, until Jul 1, 2021).
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
473.58 acres on the newest permit
- Wells on the permits
- 22 not plugged
- Horizontal
- 2
- First completion
- Sep 5, 2011
- Latest permit
- Dec 12, 2011
The wells on this lease state different acreage
The permits state between 473.58 and 576.8 acres. Use the acres from your own division order for the well you are paid on.
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-289-31987 | 2H | Dec 12, 2011 | Mar 30, 2012 | 473.58 |
| 42-289-31944 | 1H | Jun 2, 2011 | Sep 5, 2011 | 576.80 |
What the operator reported
What Comstock Resources, Inc. told investors it received
| Quarter | Oil$ per bbl | Gas$ per mcf | Gas liquids$ per bbl | Filing |
|---|---|---|---|---|
| Q2 2026 | $95.20 | $2.54 | – | SEC filing |
| Q1 2026 | $68.91 | $4.27 | – | SEC filing |
| Q4 2025 | $56.00 | $3.29 | – | SEC filing |
| Q3 2025 | $61.91 | $2.75 | – | SEC filing |
| Q2 2025 | $57.00 | $3.02 | – | SEC filing |
| Q1 2025 | $70.20 | $3.58 | – | SEC filing |
SourceComstock Resources, Inc. quarterly reports on SEC EDGAR, prices before hedging where the company states both. Read by machine from each filing’s tables; the link opens the filing so you can check the figure.
Estimator
Estimate your royalty for this lease
Estimator
What could your check be?
Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says GRESHAM TRUST sold each month.
For example 0.00097656, or a fraction like 1/1024.
Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.
Your estimate appears here
An estimate, not your check
Ledger
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | Gas producedmcf | Gas soldmcf, codes 2+3 | Flaredmcf, code 4 | WTI$ per bbl | Henry Hub$ per MMBtu |
|---|---|---|---|---|---|---|---|
| Jul 2026Comstock Oil | 152 | 182 | 30 | 0 | 30 | $80.46 | $2.89 |
| Jun 2026Comstock Oil | 144 | 187 | 51 | 0 | 51 | $84.81 | $3.15 |
| May 2026Comstock Oil | 155 | 0 | 12 | 0 | 12 | $102.13 | $2.94 |
| Apr 2026Comstock Oil | 154 | 173 | 0 | 0 | 0 | $100.32 | $2.77 |
| Mar 2026Comstock Oil | 153 | 178 | 0 | 0 | 0 | $91.38 | $3.04 |
| Feb 2026Comstock Oil | 131 | 171 | 0 | 0 | 0 | $64.51 | $3.62 |
| Jan 2026Comstock Oil | 89 | 185 | 0 | 0 | 0 | $60.04 | $7.72 |
| Dec 2025Comstock Oil | 181 | 195 | 0 | 0 | 0 | $57.97 | $4.26 |
| Nov 2025Comstock Oil | 143 | 193 | 12 | 0 | 12 | $60.06 | $3.79 |
| Oct 2025Comstock Oil | 155 | 0 | 19 | 0 | 19 | $60.89 | $3.19 |
| Sep 2025Comstock Oil | 145 | 188 | 18 | 0 | 18 | $63.96 | $2.97 |
| Aug 2025Comstock Oil | 185 | 178 | 38 | 0 | 38 | $64.86 | $2.91 |
| Jul 2025Comstock Oil | 161 | 171 | 26 | 0 | 26 | $68.39 | $3.20 |
| Jun 2025Comstock Oil | 162 | 177 | 41 | 0 | 41 | $68.17 | $3.02 |
| May 2025Comstock Oil | 165 | 187 | 27 | 0 | 27 | $62.17 | $3.12 |
| Apr 2025Comstock Oil | 72 | 0 | 6 | 0 | 6 | $63.54 | $3.42 |
| Mar 2025Comstock Oil | 192 | 182 | 8 | 0 | 8 | $68.24 | $4.12 |
| Feb 2025Comstock Oil | 142 | 196 | 7 | 0 | 7 | $71.53 | $4.19 |
| Jan 2025Comstock Oil | 184 | 187 | 0 | 0 | 0 | $75.74 | $4.13 |
| Dec 2024Comstock Oil | 181 | 181 | 0 | 0 | 0 | $70.12 | $3.01 |
| Nov 2024Comstock Oil | 171 | 184 | 8 | 0 | 8 | $69.95 | $2.12 |
| Oct 2024Comstock Oil | 184 | 183 | 37 | 0 | 37 | $71.99 | $2.20 |
| Sep 2024Comstock Oil | 161 | 179 | 33 | 0 | 33 | $70.24 | $2.28 |
| Aug 2024Comstock Oil | 210 | 183 | 31 | 0 | 31 | $76.68 | $1.99 |
| Jul 2024Comstock Oil | 101 | 173 | 9 | 0 | 9 | $81.80 | $2.07 |
| Jun 2024Comstock Oil | 156 | 179 | 15 | 0 | 15 | $79.77 | $2.54 |
| May 2024Comstock Oil | 178 | 0 | 30 | 0 | 30 | $80.02 | $2.12 |
| Apr 2024Comstock Oil | 162 | 179 | 14 | 0 | 14 | $85.35 | $1.60 |
| Mar 2024Comstock Oil | 183 | 194 | 11 | 0 | 11 | $81.28 | $1.49 |
| Feb 2024Comstock Oil | 166 | 178 | 5 | 0 | 5 | $77.25 | $1.72 |
| Jan 2024Comstock Oil | 184 | 176 | 4 | 0 | 4 | $74.15 | $3.18 |
| Dec 2023Comstock Oil | 180 | 180 | 3 | 0 | 3 | $71.90 | $2.52 |
| Nov 2023Comstock Oil | 185 | 178 | 12 | 0 | 12 | $77.69 | $2.71 |
| Oct 2023Comstock Oil | 244 | 187 | 39 | 0 | 39 | $85.64 | $2.98 |
| Sep 2023Comstock Oil | 78 | 0 | 15 | 0 | 15 | $89.43 | $2.64 |
| Aug 2023Comstock Oil | 182 | 199 | 6 | 0 | 6 | $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 GRESHAM TRUST. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Comstock Oil & Gas, LLC.
- 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
Comstock Oil & Gas, LLC in Leon County
- BELL MEYER
7,315,684 mcf last 12 months
- HOGUE MMP
7,077,771 mcf last 12 months
- HUGHES SC
6,243,133 mcf last 12 months
- MENN PB
5,245,741 mcf last 12 months
- DEORNELLAS PB B
4,896,106 mcf last 12 months
Halliday (Woodbine) field
- OSR-HALLIDAY UNIT
99,877 bbl last 12 months
- KEELING-BUNYARD (ALLOCATION)
11,373 bbl last 12 months
- ROBESON
8,922 bbl last 12 months
- MAMIE WAKEFIELD
9,159 bbl last 12 months
- CHAMPION RANCH C
7,470 bbl last 12 months
Leases within 10 km
Found by the location of their wells.
- GRESHAM TRUST UNIT A
5,047 mcf last 12 months · 1.4 km away
- GRESHAM TRUST
19,783 mcf last 12 months · 1.7 km away
- WALL RANCH
1,879 bbl last 12 months · 3.7 km away
- WALL RANCH
0 bbl last 12 months · 3.7 km away
- EASTERLING
198 bbl last 12 months · 4.1 km away
Drilling permits within 10 km
T.C. SMITH FAMILY TRUST #1
new drill · Barbee, R.l. Operating, Inc. · Leon County · 6.1 km away
Permit 0912432 · Dec 22, 2025
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 25729, 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.