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Texas oil lease · RRC district 08 · Lease 36388

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KEYSTONE STATE

Keystone State is an oil lease in Winkler County, Texas, operated by Basin Oil & Gas Operating, LLC in the Kermit (McKee) field.

Oil lease dossier · 1 well

0bbl oil, last 12 months
Operator
Basin Oil & Gas Operating, LLC
County
Winkler County
Field
Kermit (McKee)
RRC lease
08-36388

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County · RRC district 08Open Winkler County →
Oil in Jul 2026
0 bbl
Reporting to the state
since Jan 2020
Wells
1
Data through
Jul 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 Jan 2025, at 10 bbl.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
No oil produced in the last 12 monthsMonthly oil production and gas for KEYSTONE STATE, Aug 2023 to Jul 2026. No oil produced in the last 12 months. The last month with output was Jan 2025, at 10 bbl.Last 12 months: 0 bblbbl per monthmcf per month00102502050030750401,000501,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
No oil produced in the last 12 monthsMonthly oil production and gas for KEYSTONE STATE, Aug 2023 to Jul 2026. No oil produced in the last 12 months. The last month with output was Jan 2025, at 10 bbl.Last 12 monthsbbl per monthmcf per month00102502050030750401,000501,250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 36388, 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 transmission line in the last 12 months

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

All of the gas went to a transmission line in the last 12 monthsShare of KEYSTONE STATE gas by disposition code each month, Aug 2023 to Jul 2026. All 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
All of the gas went to a transmission line in the last 12 monthsShare of KEYSTONE STATE gas by disposition code each month, Aug 2023 to Jul 2026. All 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 36388, district 08. Reported through Jul 2026.

Transmission line (2)

Sold straight into a pipeline without processing. Processing fees on your statement would be worth asking about.

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.

The operator changed once, most recently in Nov 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 timeGreat Western Drilling Company, Jan 2020 to Oct 2024; Basin Oil & Gas Operating, LLC, Nov 2024 to Jul 20262020202120222023202420252026Changed Nov 2024Great Western Drilling CompanyJan 2020 to Oct 2024Basin Oil & Gas Operating, LLCNov 2024 to now
Operators of this lease over timeGreat Western Drilling Company, Jan 2020 to Oct 2024; Basin Oil & Gas Operating, LLC, Nov 2024 to Jul 20262020202120222023202420252026Changed Nov 2024Great Western Drilling CompanyJan 2020 to Oct 2024Basin Oil & Gas Operating, LLCNov 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 36388 in district 08. The API number is the state’s ID for a well.
Wells on KEYSTONE STATE
API numberWell no.Status
42-495-01243187Active

SourceTexas Railroad Commission Wellbore Query, district 08, lease 36388.

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

    Plains Marketing, L.p. gathers it.

    100% of it, on the list since Jun 1, 2000

  • Gas from oil wells

    Et Gathering & Processing LLC buys it; Energy Transfer Company gathers it.

    Et Gathering & Processing LLC buys it: 100% of it, on the list since Oct 1, 2023 · Energy Transfer Company gathers it: 100% of it, on the list since Nov 1, 2015

Companies that used to be listed: Energy Transfer Company (buys it, until Oct 1, 2023).

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

360 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
May 18, 2000
Latest permit
Feb 11, 2000
Wells and acres on the permits for Keystone State
API numberWell no.Acreson the permit
42-495-01243187360

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 STATE 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.

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 STATE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Basin Oil00000$80.46$2.89
Jun 2026Basin Oil00000$84.81$3.15
May 2026Basin Oil00000$102.13$2.94
Apr 2026Basin Oil00000$100.32$2.77
Mar 2026Basin Oil00000$91.38$3.04
Feb 2026Basin Oil00000$64.51$3.62
Jan 2026Basin Oil00000$60.04$7.72
Dec 2025Basin Oil00000$57.97$4.26
Nov 2025Basin Oil00000$60.06$3.79
Oct 2025Basin Oil00000$60.89$3.19
Sep 2025Basin Oil00000$63.96$2.97
Aug 2025Basin Oil00000$64.86$2.91
Jul 2025Basin Oil00000$68.39$3.20
Jun 2025Basin Oil00000$68.17$3.02
May 2025Basin Oil00000$62.17$3.12
Apr 2025Basin Oil00000$63.54$3.42
Mar 2025Basin Oil00000$68.24$4.12
Feb 2025Basin Oil00000$71.53$4.19
Jan 2025Basin Oil1003713710$75.74$4.13
Dec 2024Basin Oil00000$70.12$3.01
Nov 2024Basin Oil1703893890$69.95$2.12
Oct 2024Great Western2907027020$71.99$2.20
Sep 2024Great Western3101,1621,1620$70.24$2.28
Aug 2024Great Western301831830$76.68$1.99
Jul 2024Great Western2073730$81.80$2.07
Jun 2024Great Western1103763760$79.77$2.54
May 2024Great Western1506176170$80.02$2.12
Apr 2024Great Western1105435430$85.35$1.60
Mar 2024Great Western905725720$81.28$1.49
Feb 2024Great Western1606566560$77.25$1.72
Jan 2024Great Western251846876870$74.15$3.18
Dec 2023Great Western2009739730$71.90$2.52
Nov 2023Great Western507287280$77.69$2.71
Oct 2023Great Western201391390$85.64$2.98
Sep 2023Great Western00000$89.43$2.64
Aug 2023Great Western00000$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 KEYSTONE STATE. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Basin Oil & Gas Operating, LLC.

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  • Fees taken on gas
  • Late payment interest

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

OperatorBasin Oil & Gas Operating, LLCFieldKermit (McKee)CountyWinkler County

Basin Oil & Gas Operating, LLC in Winkler County

All Basin Oil & Gas Operating, LLC leases →

Kermit (McKee) 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 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 36388, 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.