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Royalty Clerk

Texas gas well · RRC district 03 · Lease 265250

Shut in

KEYSTONE

Keystone is a gas well in Montgomery County, Texas, operated by Ballard Exploration Company,inc. in the Conroe (Middle Wilcox Cons.) field. The Railroad Commission shows 18,429 mcf of gas in the 12 months through Jul 2026.

Gas well dossier · 1 well

18,429mcf gas, last 12 months−79% vs prior year
Operator
Ballard Exploration Company,inc.
County
Montgomery County
Field
Conroe (Middle Wilcox Cons.)
RRC lease
03-265250

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Where it sits

This county

Montgomery CountyMontgomeryWalkerSan JacintoMadisonLibertyWallerGrimesPolkMontgomery County
Montgomery County · RRC district 03Open Montgomery County →
Oil, last 12 months
59 bbl
Gas in Jul 2026
0 mcf
Reporting to the state
since Jan 2020
Wells
1

Production

Month by month, from the state record

What the Railroad Commission says this gas well produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Gas output fell 79% over the last 12 months

18,429 mcf in the 12 months through Jul 2026, against 87,224 mcf in the 12 months before.

  • Gas (bars, left axis)
  • Oil (line, right axis)
  • Last 12 months
Gas output fell 79% over the last 12 monthsMonthly gas production and oil for KEYSTONE, Aug 2023 to Jul 2026. Gas output fell 79% over the last 12 months. 18,429 mcf in the 12 months through Jul 2026, against 87,224 mcf in the 12 months before.Last 12 months: 18,429 mcfmcf per monthbbl per month002,500255,000507,5007510k100Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 79% over the last 12 monthsMonthly gas production and oil for KEYSTONE, Aug 2023 to Jul 2026. Gas output fell 79% over the last 12 months. 18,429 mcf in the 12 months through Jul 2026, against 87,224 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month002,500255,000507,5007510k100Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas well 265250, 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.

96% of the gas went to a transmission line in the last 12 months

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

  • Transmission line (2)
  • Lease fuel (1)
96% of the gas went to a transmission line in the last 12 monthsShare of KEYSTONE gas by disposition code each month, Aug 2023 to Jul 2026. 96% of the gas went to a transmission line in the last 12 months. Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
96% of the gas went to a transmission line in the last 12 monthsShare of KEYSTONE gas by disposition code each month, Aug 2023 to Jul 2026. 96% of the gas went to a transmission line in the last 12 months. Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 265250, 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.

Lease fuel (1)

Burned to run equipment on the lease. Not sold, so it pays no royalty. A few percent is normal.

None of the gas was flared in the last 12 months.

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.

Ballard Exploration Company,inc. has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeBallard Exploration Company,inc., Jan 2020 to Jul 20262020202120222023202420252026Ballard Exploration Company,i…Jan 2020 to nowthrough Jul 2026
Operators of this lease over timeBallard Exploration Company,inc., Jan 2020 to Jul 20262020202120222023202420252026Ballard Exploration Company,inc.Jan 2020 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 gas well 265250 in district 03. The API number is the state’s ID for a well.
Wells on KEYSTONE
API numberWell no.Status
42-339-311061Shut-in

SourceTexas Railroad Commission Wellbore Query, district 03, lease 265250.

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.

  • Condensate

    Energy Transfer Marketing & Term gathers it.

    100% of it, on the list since Dec 1, 2022

  • Gas from gas wells

    Ballard Natural Gas Ii, LLC buys it; Southcross Gathering Ltd. gathers it.

    Ballard Natural Gas Ii, LLC buys it: 100% of it, on the list since May 30, 2013 · Southcross Gathering Ltd. gathers it: 100% of it, on the list since May 30, 2013

Companies that used to be listed: Sunoco Ptnrs. Mktg.&terminals LP (gathers it, until Dec 1, 2022).

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

651.30 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
Sep 26, 2011
Latest permit
Aug 20, 2013
Wells and acres on the permits for Keystone
API numberWell no.Acreson the permit
42-339-311061651.30

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.

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Estimator

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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 KEYSTONE 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 “Gas sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for KEYSTONE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Ballard Exploration00000$80.46$2.89
Jun 2026Ballard Exploration00000$84.81$3.15
May 2026Ballard Exploration00000$102.13$2.94
Apr 2026Ballard Exploration00000$100.32$2.77
Mar 2026Ballard Exploration00000$91.38$3.04
Feb 2026Ballard Exploration00000$64.51$3.62
Jan 2026Ballard Exploration4036300$60.04$7.72
Dec 2025Ballard Exploration00000$57.97$4.26
Nov 2025Ballard Exploration005955260$60.06$3.79
Oct 2025Ballard Exploration1605,6045,3190$60.89$3.19
Sep 2025Ballard Exploration2206,4706,1700$63.96$2.97
Aug 2025Ballard Exploration1705,7245,4140$64.86$2.91
Jul 2025Ballard Exploration2006,8046,4970$68.39$3.20
Jun 2025Ballard Exploration171676,9776,6770$68.17$3.02
May 2025Ballard Exploration3307,3036,9930$62.17$3.12
Apr 2025Ballard Exploration2007,1986,8980$63.54$3.42
Mar 2025Ballard Exploration9507,5707,2600$68.24$4.12
Feb 2025Ballard Exploration006,7486,4680$71.53$4.19
Jan 2025Ballard Exploration007,7707,4600$75.74$4.13
Dec 2024Ballard Exploration007,8917,5810$70.12$3.01
Nov 2024Ballard Exploration007,0386,7380$69.95$2.12
Oct 2024Ballard Exploration281716,8126,5110$71.99$2.20
Sep 2024Ballard Exploration2607,1696,8690$70.24$2.28
Aug 2024Ballard Exploration3707,9447,6490$76.68$1.99
Jul 2024Ballard Exploration2206,4956,1850$81.80$2.07
Jun 2024Ballard Exploration2507,5817,2810$79.77$2.54
May 2024Ballard Exploration2708,2107,9000$80.02$2.12
Apr 2024Ballard Exploration3778,0697,7690$85.35$1.60
Mar 2024Ballard Exploration151847,1426,8520$81.28$1.49
Feb 2024Ballard Exploration3867,6097,3190$77.25$1.72
Jan 2024Ballard Exploration4007,6317,3270$74.15$3.18
Dec 2023Ballard Exploration4727,4787,1710$71.90$2.52
Nov 2023Ballard Exploration4867,6177,3170$77.69$2.71
Oct 2023Ballard Exploration471888,9088,6070$85.64$2.98
Sep 2023Ballard Exploration3977,7467,4460$89.43$2.64
Aug 2023Ballard Exploration5728,0757,7650$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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Around this lease

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This lease belongs to

OperatorBallard Exploration Company,inc.FieldConroe (Middle Wilcox Cons.)CountyMontgomery County

Ballard Exploration Company,inc. in Montgomery County

No other producing leases from this operator in this county are in our data yet.

Conroe (Middle Wilcox Cons.) field

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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 “Gas sold” volume for the month the check covers and multiply it by your decimal. The answer should match the mcf 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, gas well 265250, 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.

FAQ

Questions about KEYSTONE

Who operates the KEYSTONE lease?

The Railroad Commission lists Ballard Exploration Company,inc. (operator number 048169) as the operator of this lease in Montgomery County, Texas. The operator history on this page shows earlier operators and when the record changed.

How much has the KEYSTONE lease produced?

The lease reported 59 bbl of oil and 18,429 mcf of gas in the last 12 months through Jul 2026. Monthly figures for 36 months are in the ledger on this page, taken from the Railroad Commission's production data.

Does this page show who owns the royalty?

No. Railroad Commission records show who operates a lease and what it reported, not who owns the minerals or receives royalty. Your division order and royalty stub name the lease and your decimal interest.

How do I check my royalty stub against this lease?

Multiply the lease's volume for a month by your decimal interest and compare it with the barrels and mcf on your stub for the same month. The two are seldom identical, since sales and reporting months can differ, but a large gap is worth a question to the operator.

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