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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 32653

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HERD

Herd is an oil lease in Midland County, Texas, operated by Cutbow Operating, LLC in the Spraberry (Trend Area) field.

Oil lease dossier · 1 well

0bbl oil, last 12 months
Operator
Cutbow Operating, LLC
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-32653

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County · RRC district 08Open Midland County →
Oil in Jun 2026
0 bbl
Reporting to the state
since Jan 2020
Wells
1
Data through
Jun 2026

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).

No oil produced in the last 12 months

The last month with output was Jun 2025, at 34 bbl. Jul 2026 was not reported. A red cross marks each one.

  • Oil (bars, left axis)
  • Last 12 months
No oil produced in the last 12 monthsMonthly oil production for HERD, Aug 2023 to Jul 2026. No oil produced in the last 12 months. The last month with output was Jun 2025, at 34 bbl.Last 12 months: 0 bblbbl per month020406080Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
No oil produced in the last 12 monthsMonthly oil production for HERD, Aug 2023 to Jul 2026. No oil produced in the last 12 months. The last month with output was Jun 2025, at 34 bbl.Last 12 monthsbbl per month020406080Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 32653, 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.

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

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 May 2024

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 timePioneer Natural Res. USA, Inc., Jan 2020 to Apr 2024; Cutbow Operating, LLC, May 2024 to Jun 20262020202120222023202420252026Changed May 2024Pioneer Natural Res. USA, Inc.Jan 2020 to Apr 2024Cutbow Operating, LLCMay 2024 to now
Operators of this lease over timePioneer Natural Res. USA, Inc., Jan 2020 to Apr 2024; Cutbow Operating, LLC, May 2024 to Jun 20262020202120222023202420252026Changed May 2024Pioneer Natural Res. USA, Inc.Jan 2020 to Apr 2024Cutbow Operating, LLCMay 2024 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 32653 in district 08. The API number is the state’s ID for a well.
Wells on HERD
API numberWell no.Status
42-329-322421Active

SourceTexas Railroad Commission Wellbore Query, district 08, lease 32653.

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

    Rio Energy International, Inc. gathers it.

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

  • Gas from oil wells

    Targa Pl Mid-Cont Westtex LLC buys and gathers it.

    Targa Pl Mid-Cont Westtex LLC buys it: 100% of it, on the list since May 1, 2024 · Targa Pl Mid-Cont Westtex LLC gathers it: 100% of it, on the list since May 1, 2024

Companies that used to be listed: Dcp Operating Company, LP (gathers it, until May 1, 2024); Dcp Operating Company, LP (buys it, until May 1, 2024); Plains Marketing, L.p. (gathers it, until May 1, 2024).

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

80 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 15, 1990
Latest permit
May 11, 1990
Wells and acres on the permits for Herd
API numberWell no.Acreson the permit
42-329-32242180

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 HERD 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.

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 HERD
MonthOil producedbblOil soldbblWTI$ per bblHenry Hub$ per MMBtu
Jul 2026No report––$80.46$2.89
Jun 2026Cutbow Operating,00$84.81$3.15
May 2026Cutbow Operating,00$102.13$2.94
Apr 2026Cutbow Operating,00$100.32$2.77
Mar 2026Cutbow Operating,00$91.38$3.04
Feb 2026Cutbow Operating,047$64.51$3.62
Jan 2026Cutbow Operating,00$60.04$7.72
Dec 2025Cutbow Operating,00$57.97$4.26
Nov 2025Cutbow Operating,00$60.06$3.79
Oct 2025Cutbow Operating,00$60.89$3.19
Sep 2025Cutbow Operating,00$63.96$2.97
Aug 2025Cutbow Operating,00$64.86$2.91
Jul 2025Cutbow Operating,00$68.39$3.20
Jun 2025Cutbow Operating,34173$68.17$3.02
May 2025Cutbow Operating,530$62.17$3.12
Apr 2025Cutbow Operating,380$63.54$3.42
Mar 2025Cutbow Operating,10$68.24$4.12
Feb 2025Cutbow Operating,190$71.53$4.19
Jan 2025Cutbow Operating,380$75.74$4.13
Dec 2024Cutbow Operating,200$70.12$3.01
Nov 2024Cutbow Operating,120$69.95$2.12
Oct 2024Cutbow Operating,50$71.99$2.20
Sep 2024Cutbow Operating,00$70.24$2.28
Aug 2024Cutbow Operating,00$76.68$1.99
Jul 2024Cutbow Operating,00$81.80$2.07
Jun 2024Cutbow Operating,00$79.77$2.54
May 2024Cutbow Operating,00$80.02$2.12
Apr 2024Pioneer Natural00$85.35$1.60
Mar 2024Pioneer Natural00$81.28$1.49
Feb 2024Pioneer Natural00$77.25$1.72
Jan 2024Pioneer Natural00$74.15$3.18
Dec 2023Pioneer Natural00$71.90$2.52
Nov 2023Pioneer Natural00$77.69$2.71
Oct 2023Pioneer Natural00$85.64$2.98
Sep 2023Pioneer Natural00$89.43$2.64
Aug 2023Pioneer Natural00$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 HERD. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Cutbow Operating, LLC.

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  • 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

Everything on this page connects to the operator, field and county records. Start from any of them.

This lease belongs to

OperatorCutbow Operating, LLCFieldSpraberry (Trend Area)CountyMidland County

Cutbow Operating, LLC in Midland County

All Cutbow Operating, LLC leases →

Spraberry (Trend Area) field

All leases in this field →

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 32653, 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.