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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 01422

Producing

KEYSTONE CATTLE CO.

Keystone Cattle Co. is an oil lease in Winkler County, Texas, operated by Highmark Energy Operating, LLC in the Flying -W- field. The Railroad Commission shows 3,590 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 7 wells

3,590bbl oil, last 12 months−6% vs prior year
Operator
Highmark Energy Operating, LLC
County
Winkler County
Field
Flying -W-
RRC lease
08-01422

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County · RRC district 08Open Winkler County →
Gas, last 12 months
42 mcf
Oil in Jul 2026
188 bbl
Reporting to the state
since Jan 2020
Wells
7

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 6% over the last 12 months

3,590 bbl in the 12 months through Jul 2026, against 3,833 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 6% over the last 12 monthsMonthly oil production and gas for KEYSTONE CATTLE CO., Aug 2023 to Jul 2026. Oil output fell 6% over the last 12 months. 3,590 bbl in the 12 months through Jul 2026, against 3,833 bbl in the 12 months before.Last 12 months: 3,590 bblbbl per monthmcf per month002005004001,0006001,5008002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 6% over the last 12 monthsMonthly oil production and gas for KEYSTONE CATTLE CO., Aug 2023 to Jul 2026. Oil output fell 6% over the last 12 months. 3,590 bbl in the 12 months through Jul 2026, against 3,833 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002005004001,0006001,5008002,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 01422, 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.

All of the gas went to a processing plant in the 11 months reported

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

All of the gas went to a processing plant in the 11 months reportedShare of KEYSTONE CATTLE CO. gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the 11 months reported. Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the 11 months reportedShare of KEYSTONE CATTLE CO. gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the 11 months reported. Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 01422, 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.

None of the gas was flared in the 11 months reported.

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 Mar 2023

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 timeLegacy Reserves Operating LP, Jan 2020 to Feb 2023; Highmark Energy Operating, LLC, Mar 2023 to Jul 20262020202120222023202420252026Changed Mar 2023Legacy Reserves Operating LPJan 2020 to Feb 2023Highmark Energy Operating, LLCMar 2023 to now
Operators of this lease over timeLegacy Reserves Operating LP, Jan 2020 to Feb 2023; Highmark Energy Operating, LLC, Mar 2023 to Jul 20262020202120222023202420252026Changed Mar 2023Legacy Reserves Operating LPJan 2020 to Feb 2023Highmark Energy Operating, LLCMar 2023 to now

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

Wells

7 wells on this lease

Every well the Railroad Commission links to oil lease 01422 in district 08. The API number is the state’s ID for a well.
Wells on KEYSTONE CATTLE CO.
API numberWell no.Status
42-495-01299146Active
42-495-01342192Active
42-495-02077213Active
42-495-30182315Active
42-495-31915372Active
42-495-32132376Active
42-495-32220377Shut-in

SourceTexas Railroad Commission Wellbore Query, district 08, lease 01422.

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 Trans Crude Marketing LLC gathers it.

    100% of it, on the list since Apr 1, 2023

Companies that used to be listed: Energy Transfer Company (gathers it, until Apr 1, 2023); Energy Transfer Company (buys it, until Apr 1, 2023); Gibson Energy Marketing, LLC (gathers it, until Apr 1, 2023); Plains Marketing, L.p. (gathers it, until Apr 1, 2020).

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

520 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
76 not plugged
Horizontal
0
First completion
Oct 24, 1949
Latest permit
Jun 12, 2017

The wells on this lease state different acreage

The permits state between 520 and 1,599 acres. Use the acres from your own division order for the well you are paid on.

7 wells are listed on this lease

Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

Wells and acres on the permits for Keystone Cattle Co.
API numberWell no.Acreson the permit
42-495-02077213520
42-495-01342192520
42-495-32220377520
42-495-01299146520
42-495-321323761,520
42-495-319153721,520
42-495-301823151,599

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 KEYSTONE CATTLE CO. 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 KEYSTONE CATTLE CO.
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Highmark Energy18824942420$80.46$2.89
Jun 2026Highmark Energy223152000$84.81$3.15
May 2026Highmark Energy247306000$102.13$2.94
Apr 2026Highmark Energy270192000$100.32$2.77
Mar 2026Highmark Energy157234000$91.38$3.04
Feb 2026Highmark Energy257273000$64.51$3.62
Jan 2026Highmark Energy251159000$60.04$7.72
Dec 2025Highmark Energy538585000$57.97$4.26
Nov 2025Highmark Energy517557000$60.06$3.79
Oct 2025Highmark Energy319304000$60.89$3.19
Sep 2025Highmark Energy298276000$63.96$2.97
Aug 2025Highmark Energy325308000$64.86$2.91
Jul 2025Highmark Energy49116000$68.39$3.20
Jun 2025Highmark Energy670000$68.17$3.02
May 2025Highmark Energy246283000$62.17$3.12
Apr 2025Highmark Energy353453000$63.54$3.42
Mar 2025Highmark Energy413232000$68.24$4.12
Feb 2025Highmark Energy466459000$71.53$4.19
Jan 2025Highmark Energy329331000$75.74$4.13
Dec 2024Highmark Energy427473000$70.12$3.01
Nov 2024Highmark Energy384351000$69.95$2.12
Oct 2024Highmark Energy401413000$71.99$2.20
Sep 2024Highmark Energy421493000$70.24$2.28
Aug 2024Highmark Energy277223000$76.68$1.99
Jul 2024Highmark Energy416373000$81.80$2.07
Jun 2024Highmark Energy44143220200$79.77$2.54
May 2024Highmark Energy5455621,0471,0470$80.02$2.12
Apr 2024Highmark Energy4764319189180$85.35$1.60
Mar 2024Highmark Energy5815922692690$81.28$1.49
Feb 2024Highmark Energy501526000$77.25$1.72
Jan 2024Highmark Energy5305236496490$74.15$3.18
Dec 2023Highmark Energy7346889449440$71.90$2.52
Nov 2023Highmark Energy7827873603600$77.69$2.71
Oct 2023Highmark Energy5535651951950$85.64$2.98
Sep 2023Highmark Energy5035579239230$89.43$2.64
Aug 2023Highmark Energy6627371,2751,2750$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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Upload your statements for KEYSTONE CATTLE CO.. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Highmark Energy Operating, LLC.

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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

OperatorHighmark Energy Operating, LLCFieldFlying -W-CountyWinkler County

Highmark Energy Operating, LLC in Winkler County

All Highmark Energy Operating, LLC leases →

Flying -W- field

No other producing leases in this field are in our data yet.

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 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 01422, 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.

FAQ

Questions about KEYSTONE CATTLE CO.

Who operates the KEYSTONE CATTLE CO. lease?

The Railroad Commission lists Highmark Energy Operating, LLC (operator number 385847) as the operator of this lease in Winkler County, Texas. The operator history on this page shows earlier operators and when the record changed.

How much has the KEYSTONE CATTLE CO. lease produced?

The lease reported 3,590 bbl of oil and 42 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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