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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 32498

Producing

KING -B-

King -B- is an oil lease in Midland County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field. The Railroad Commission shows 997 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

997bbl oil, last 12 months+35% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-32498

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County · RRC district 08Open Midland County →
Gas, last 12 months
1,546 mcf
Oil in Jul 2026
106 bbl
Reporting to the state
since Jan 2020
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 rose 35% over the last 12 months

997 bbl in the 12 months through Jul 2026, against 740 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output rose 35% over the last 12 monthsMonthly oil production and gas for KING -B-, Aug 2023 to Jul 2026. Oil output rose 35% over the last 12 months. 997 bbl in the 12 months through Jul 2026, against 740 bbl in the 12 months before.Last 12 months: 997 bblbbl per monthmcf per month0050200100400150600200800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 35% over the last 12 monthsMonthly oil production and gas for KING -B-, Aug 2023 to Jul 2026. Oil output rose 35% over the last 12 months. 997 bbl in the 12 months through Jul 2026, against 740 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050200100400150600200800Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 32498, 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 a processing plant instead of lease fuel

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)
Since Jun 2026 the lease's gas goes to a processing plant instead of lease fuelShare of KING -B- gas by disposition code each month, Aug 2023 to Jul 2026. Since Jun 2026 the lease's gas goes to a processing plant instead of lease fuel. 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: fuel to plantOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jun 2026 the lease's gas goes to a processing plant instead of lease fuelShare of KING -B- gas by disposition code each month, Aug 2023 to Jul 2026. Since Jun 2026 the lease's gas goes to a processing plant instead of lease fuel. 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: fuel to plantJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 32498, 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.

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 2 times, most recently in Jun 2021

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 timePioneer Natural Res. USA, Inc., Jan 2020 to Aug 2020; De3 Operating LLC, Sep 2020 to May 2021; Pioneer Natural Res. USA, Inc., Jun 2021 to Jul 20262020202120222023202420252026Changed Sep 2020Changed Jun 2021Pioneer Natural Res. USA, Inc.Jan 2020 to Aug 2020De3 Operating LLCSep 2020 to May 2021Pioneer Natural Res. USA, Inc.Jun 2021 to now
Operators of this lease over timePioneer Natural Res. USA, Inc., Jan 2020 to Aug 2020; De3 Operating LLC, Sep 2020 to May 2021; Pioneer Natural Res. USA, Inc., Jun 2021 to Jul 20262020202120222023202420252026Changed Sep 2020Changed Jun 2021Pioneer Natural Res. USA, Inc.Jan 2020 to Aug 2020De3 Operating LLCSep 2020 to May 2021Pioneer Natural Res. USA, Inc.Jun 2021 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 32498 in district 08. The API number is the state’s ID for a well.
Wells on KING -B-
API numberWell no.Status
42-329-321791Active

SourceTexas Railroad Commission Wellbore Query, district 08, lease 32498.

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

    Transoil Marketing, LLC gathers it.

    100% of it, on the list since Dec 1, 2020

  • Gas from oil wells

    Targa Pl Mid-Cont Westtex LLC buys and gathers it.

    Targa Pl Mid-Cont Westtex LLC buys it: 100% of it, on the list since Nov 1, 2015 · Targa Pl Mid-Cont Westtex LLC gathers it: 100% of it, on the list since Oct 1, 2015

Companies that used to be listed: Plains Marketing, L.p. (gathers it, until Dec 1, 2020); Ngl Crude Logistics, LLC (gathers it, until Sep 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

80 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
Jan 8, 1990
Latest permit
Nov 7, 1989
Wells and acres on the permits for King -B-
API numberWell no.Acreson the permit
42-329-32179180

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 KING -B- 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 KING -B-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Pioneer Natural10618992920$80.46$2.89
Jun 2026Pioneer Natural1791871231230$84.81$3.15
May 2026Pioneer Natural00000$102.13$2.94
Apr 2026Pioneer Natural480125410$100.32$2.77
Mar 2026Pioneer Natural85166166790$91.38$3.04
Feb 2026Pioneer Natural1030151730$64.51$3.62
Jan 2026Pioneer Natural75165145580$60.04$7.72
Dec 2025Pioneer Natural890151640$57.97$4.26
Nov 2025Pioneer Natural119164163790$60.06$3.79
Oct 2025Pioneer Natural1000157700$60.89$3.19
Sep 2025Pioneer Natural80169116320$63.96$2.97
Aug 2025Pioneer Natural130157700$64.86$2.91
Jul 2025Pioneer Natural20123360$68.39$3.20
Jun 2025Pioneer Natural420111270$68.17$3.02
May 2025Pioneer Natural0025250$62.17$3.12
Apr 2025Pioneer Natural47169133490$63.54$3.42
Mar 2025Pioneer Natural1150176890$68.24$4.12
Feb 2025Pioneer Natural100176160820$71.53$4.19
Jan 2025Pioneer Natural120106190$75.74$4.13
Dec 2024Pioneer Natural470146590$70.12$3.01
Nov 2024Pioneer Natural1121782241400$69.95$2.12
Oct 2024Pioneer Natural1301782081210$71.99$2.20
Sep 2024Pioneer Natural10002211370$70.24$2.28
Aug 2024Pioneer Natural330130430$76.68$1.99
Jul 2024Pioneer Natural761801881010$81.80$2.07
Jun 2024Pioneer Natural8101891050$79.77$2.54
May 2024Pioneer Natural340104170$80.02$2.12
Apr 2024Pioneer Natural51178173890$85.35$1.60
Mar 2024Pioneer Natural11802521650$81.28$1.49
Feb 2024Pioneer Natural36160132510$77.25$1.72
Jan 2024Pioneer Natural1591772471600$74.15$3.18
Dec 2023Pioneer Natural12205764890$71.90$2.52
Nov 2023Pioneer Natural1923623122280$77.69$2.71
Oct 2023Pioneer Natural11502411540$85.64$2.98
Sep 2023Pioneer Natural951832291450$89.43$2.64
Aug 2023Pioneer Natural14602641770$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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This lease belongs to

OperatorPioneer Natural Res. USA, Inc.FieldSpraberry (Trend Area)CountyMidland County

Pioneer Natural Res. USA, Inc. in Midland County

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Spraberry (Trend Area) field

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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 32498, 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.