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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 40466

Producing

INVADER

Invader is an oil lease in Martin County, Texas, operated by Cog Operating LLC in the Spraberry (Trend Area) field. The Railroad Commission shows 1,008 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 5 wells

1,008bbl oil, last 12 months−74% vs prior year
Operator
Cog Operating LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-40466

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County · RRC district 08Open Martin County →
Gas, last 12 months
5,597 mcf
Oil in Jul 2026
21 bbl
Reporting to the state
since Jan 2020
Wells
5

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 74% over the last 12 months

1,008 bbl in the 12 months through Jul 2026, against 3,940 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 74% over the last 12 monthsMonthly oil production and gas for INVADER, Aug 2023 to Jul 2026. Oil output fell 74% over the last 12 months. 1,008 bbl in the 12 months through Jul 2026, against 3,940 bbl in the 12 months before.Last 12 months: 1,008 bblbbl per monthmcf per month002501,0005002,0007503,0001,0004,0001,2505,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 74% over the last 12 monthsMonthly oil production and gas for INVADER, Aug 2023 to Jul 2026. Oil output fell 74% over the last 12 months. 1,008 bbl in the 12 months through Jul 2026, against 3,940 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002501,0005002,0007503,0001,0004,0001,2505,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 40466, 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.

Since Jun 2026 the lease's gas goes to lease fuel instead of a processing plant

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.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Jun 2026 the lease's gas goes to lease fuel instead of a processing plantShare of INVADER gas by disposition code each month, Aug 2023 to Jul 2026. Since Jun 2026 the lease's gas goes to lease fuel instead of a processing plant. 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.Share of the lease’s gas by disposition code, per month0%50%100%Jun 2026: plant to fuelOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jun 2026 the lease's gas goes to lease fuel instead of a processing plantShare of INVADER gas by disposition code each month, Aug 2023 to Jul 2026. Since Jun 2026 the lease's gas goes to lease fuel instead of a processing plant. 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.Share of gas by disposition code0%50%100%Jun 26: plant to fuelJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 40466, district 08. Reported through Jul 2026.

Processing plant (3)

Sent to a gas plant that pulls out natural gas liquids. Your statement should show plant products, and may show processing fees.

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, 0.2% of the gas was flared. No month went above 3%.

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.

Cog Operating LLC has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeCog Operating LLC, Jan 2020 to Jul 20262020202120222023202420252026Cog Operating LLCJan 2020 to nowthrough Jul 2026
Operators of this lease over timeCog Operating LLC, Jan 2020 to Jul 20262020202120222023202420252026Cog Operating LLCJan 2020 to nowthrough Jul 2026

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

5 wells on this lease

Every well the Railroad Commission links to oil lease 40466 in district 08. The API number is the state’s ID for a well.
Wells on INVADER
API numberWell no.Status
42-003-423821102Shut-in
42-003-442261105Active
42-317-359731101Active
42-317-371381106Shut-in
42-317-375151104Shut-in

SourceTexas Railroad Commission Wellbore Query, district 08, lease 40466.

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 Transfer Company gathers it.

    100% of it, on the list since Apr 1, 2025

  • Gas from oil wells

    Enterprise Products Operating LLC buys and gathers it; Oneok Midland Midstream, LLC buys it; Enlink Permian, LLC gathers it.

    Enterprise Products Operating LLC buys it: 50% of it, on the list since Apr 1, 2026 · Oneok Midland Midstream, LLC buys it: 50% of it, on the list since Apr 1, 2026 · Enlink Permian, LLC gathers it: 50% of it, on the list since Apr 1, 2026 · Enterprise Products Operating LLC gathers it: 50% of it, on the list since Apr 1, 2026

Companies that used to be listed: Enlink Permian, LLC (gathers it, until Apr 1, 2026); Coronado Midstream LLC (buys it, until Apr 1, 2026); Enlink North Texas Gathering, LP (gathers it, until Apr 1, 2025); Centurion Pipeline L.p. (gathers it, until Apr 1, 2025).

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

290 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
55 not plugged
Horizontal
0
First completion
Jul 5, 2010
Latest permit
May 18, 2012
Wells and acres on the permits for Invader
API numberWell no.Acreson the permit
42-003-442261105290
42-317-375151104290
42-317-371381106290
42-003-423821102290
42-317-359731101290

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

What the operator reported

What ConocoPhillips told investors it received

Cog Operating LLC is linked to ConocoPhillips (COP). Public companies report the average price they realize each quarter. It is an average across everything the company operates, not the price on this lease.
Realized prices reported by ConocoPhillips
QuarterOil$ per bblFiling
Q2 2026$99.40SEC filing
Q1 2026$73.47SEC filing
Q3 2025$66.13SEC filing
Q2 2025$64.23SEC filing
Q1 2025$71.65SEC filing
Q3 2024$76.77SEC filing

SourceConocoPhillips 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.

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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 INVADER 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 INVADER
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Cog Operating2112298100$80.46$2.89
Jun 2026Cog Operating83817482620$84.81$3.15
May 2026Cog Operating1681635543270$102.13$2.94
Apr 2026Cog Operating1171155823870$100.32$2.77
Mar 2026Cog Operating89823272080$91.38$3.04
Feb 2026Cog Operating39372281170$64.51$3.62
Jan 2026Cog Operating27286563720$60.04$7.72
Dec 2025Cog Operating55663322660$57.97$4.26
Nov 2025Cog Operating1121144563560$60.06$3.79
Oct 2025Cog Operating1161105083370$60.89$3.19
Sep 2025Cog Operating1041003542680$63.96$2.97
Aug 2025Cog Operating77795544359$64.86$2.91
Jul 2025Cog Operating10712649036310$68.39$3.20
Jun 2025Cog Operating2572659017074$68.17$3.02
May 2025Cog Operating2932721,2188590$62.17$3.12
Apr 2025Cog Operating1971987564660$63.54$3.42
Mar 2025Cog Operating2412349786100$68.24$4.12
Feb 2025Cog Operating14515177451310$71.53$4.19
Jan 2025Cog Operating1671777005450$75.74$4.13
Dec 2024Cog Operating2432391,0297850$70.12$3.01
Nov 2024Cog Operating2602771,1038110$69.95$2.12
Oct 2024Cog Operating4894911,3171,0500$71.99$2.20
Sep 2024Cog Operating6456741,1248850$70.24$2.28
Aug 2024Cog Operating8968801,7811,41639$76.68$1.99
Jul 2024Cog Operating1,0271,0452,4772,0260$81.80$2.07
Jun 2024Cog Operating7987582,8142,3070$79.77$2.54
May 2024Cog Operating385394000$80.02$2.12
Apr 2024Cog Operating4094187455790$85.35$1.60
Mar 2024Cog Operating5725736114730$81.28$1.49
Feb 2024Cog Operating6756976404940$77.25$1.72
Jan 2024Cog Operating7877421,0668600$74.15$3.18
Dec 2023Cog Operating6877281,1368890$71.90$2.52
Nov 2023Cog Operating7136897725330$77.69$2.71
Oct 2023Cog Operating5775892071490$85.64$2.98
Sep 2023Cog Operating6456401571120$89.43$2.64
Aug 2023Cog Operating7767472942300$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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Everything on this page connects to the operator, field and county records. Start from any of them.

This lease belongs to

OperatorCog Operating LLCFieldSpraberry (Trend Area)CountyMartin County

Cog Operating LLC in Martin County

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Spraberry (Trend Area) field

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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 40466, 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.