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Royalty Clerk

Texas oil lease · RRC district 7C · Lease 23334

Producing

JAPSON 11B

Japson 11B is an oil lease in Reagan County, Texas, operated by Conocophillips Company in the Spraberry (Trend Area) field. The Railroad Commission shows 99,335 bbl of oil in the 6 months reported, Feb 2026 through Jul 2026.

Oil lease dossier · 1 well

99,335bbl oil, since Feb 2026
Operator
Conocophillips Company
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-23334

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County · RRC district 7COpen Reagan County →
Gas, since Feb 2026
356,662 mcf
Oil in Jul 2026
10,444 bbl
Reporting to the state
since Feb 2026
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 42% since Feb 2026

Monthly average of 12,220 bbl in the latest 3 months, against 20,891 bbl in the first 3.

  • Oil (bars, left axis)
  • Gas (line, right axis)
Oil output fell 42% since Feb 2026Monthly oil production and gas for JAPSON 11B, Feb 2026 to Jul 2026. Oil output fell 42% since Feb 2026. Monthly average of 12,220 bbl in the latest 3 months, against 20,891 bbl in the first 3.bbl per monthmcf per month005,00020k10k40k15k60k20k80k25k100kOct 25Jan 26AprJul
Oil output fell 42% since Feb 2026Monthly oil production and gas for JAPSON 11B, Feb 2026 to Jul 2026. Oil output fell 42% since Feb 2026. Monthly average of 12,220 bbl in the latest 3 months, against 20,891 bbl in the first 3.bbl per monthmcf per month005,00020k10k40k15k60k20k80k25k100kJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 23334, district 7C. 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.

95% of the gas went to a processing plant in the 6 months reported

Flaring peaked at 13.7% of the gas in Mar 2026.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
95% of the gas went to a processing plant in the 6 months reportedShare of JAPSON 11B gas by disposition code each month, Feb 2026 to Jul 2026. 95% of the gas went to a processing plant in the 6 months reported. Flaring peaked at 13.7% of the gas in Mar 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 13.7%Oct 25Jan 26AprJul
95% of the gas went to a processing plant in the 6 months reportedShare of JAPSON 11B gas by disposition code each month, Feb 2026 to Jul 2026. 95% of the gas went to a processing plant in the 6 months reported. Flaring peaked at 13.7% of the gas in Mar 2026.Share of gas by disposition code0%50%100%Flared 13.7%Jan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 23334, district 7C. 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 6 months reported, 5.3% of the gas was flared. 5 months went above 3%, which we mark in the ledger below.

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.

Conocophillips Company has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeConocophillips Company, Feb 2026 to Jul 2026Conocophillips CompanyFeb 2026 to nowthrough Jul 2026
Operators of this lease over timeConocophillips Company, Feb 2026 to Jul 2026Conocophillips CompanyFeb 2026 to nowthrough Jul 2026

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 23334 in district 7C. The API number is the state’s ID for a well.
Wells on JAPSON 11B
API numberWell no.Status
42-383-420063811BHActive

SourceTexas Railroad Commission Wellbore Query, district 7C, lease 23334.

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

    Medallion Operating Company, LLC gathers it.

    100% of it, on the list since Jul 14, 2025

  • Gas from oil wells

    Energy Transfer Company and Enterprise Products Operating LLC buy and gather it.

    Energy Transfer Company buys it: 50% of it, on the list since Jul 14, 2025 · Enterprise Products Operating LLC buys it: 50% of it, on the list since Jul 14, 2025 · Energy Transfer Company gathers it: 50% of it, on the list since Jul 14, 2025 · Enterprise Products Operating LLC gathers it: 50% of it, on the list since Jul 14, 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

967.20 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
1
First completion
Jul 14, 2025
Latest permit
Apr 9, 2025

An allocation well is on this lease

A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

Wells and acres on the permits for Japson 11B
API numberWell no.Acreson the permit
42-383-420063811BH967.20

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

Conocophillips Company 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 JAPSON 11B 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 6 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

6 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 JAPSON 11B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Conocophillips Company10,44410,43876,67674,0242,629$80.46$2.89
Jun 2026Conocophillips Company11,33311,33969,07865,0204,037$84.81$3.15
May 2026Conocophillips Company14,88414,88171,63171,218393$102.13$2.94
Apr 2026Conocophillips Company18,53318,52765,22160,6464,556$100.32$2.77
Mar 2026Conocophillips Company22,96022,97546,65140,2326,403$91.38$3.04
Feb 2026Conocophillips Company21,18121,10927,40526,454933$64.51$3.62

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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Around this lease

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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

OperatorConocophillips CompanyFieldSpraberry (Trend Area)CountyReagan County

Conocophillips Company in Reagan County

All Conocophillips Company leases →

Spraberry (Trend Area) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

  • JAPSON 1B

    88,532 bbl last 12 months · 0 km away

  • JAPSON 1A

    113,569 bbl last 12 months · 0 km away

  • JAPSON 2B

    114,169 bbl last 12 months · 0 km away

  • WRIGHT "38"

    855 mcf last 12 months · 0.1 km away

  • JAPSON 12B

    118,459 bbl last 12 months · 0.7 km away

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 23334, district 7C, 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.