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Royalty Clerk

Texas oil lease · RRC district 09 · Lease 23398

Producing

KING-WILLIAMS

King-Williams is an oil lease in Young County, Texas, operated by Ray Herring Operating Co., LLC in the Young County Regular field. The Railroad Commission shows 144 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 4 wells

144bbl oil, last 12 months+48% vs prior year
Operator
Ray Herring Operating Co., LLC
County
Young County
Field
Young County Regular
RRC lease
09-23398

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Where it sits

This county

Young CountyYoungBaylorJackPalo PintoClayThrockmortonArcherYoung County
Young County · RRC district 09Open Young County →
Oil in Jul 2026
10 bbl
Reporting to the state
since Jan 2020
Wells
4
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).

Oil output rose 48% over the last 12 months

144 bbl in the 12 months through Jul 2026, against 97 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Last 12 months
Oil output rose 48% over the last 12 monthsMonthly oil production for KING-WILLIAMS, Aug 2023 to Jul 2026. Oil output rose 48% over the last 12 months. 144 bbl in the 12 months through Jul 2026, against 97 bbl in the 12 months before.Last 12 months: 144 bblbbl per month010203040Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 48% over the last 12 monthsMonthly oil production for KING-WILLIAMS, Aug 2023 to Jul 2026. Oil output rose 48% over the last 12 months. 144 bbl in the 12 months through Jul 2026, against 97 bbl in the 12 months before.Last 12 monthsbbl per month010203040Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 23398, district 09. 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.

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

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.

Ray Herring Operating Co., LLC has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeRay Herring Operating Co., LLC, Jan 2020 to Jul 20262020202120222023202420252026Ray Herring Operating Co., LLCJan 2020 to nowthrough Jul 2026
Operators of this lease over timeRay Herring Operating Co., LLC, Jan 2020 to Jul 20262020202120222023202420252026Ray Herring Operating Co., LLCJan 2020 to nowthrough Jul 2026

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

Wells

4 wells on this lease

Every well the Railroad Commission links to oil lease 23398 in district 09. The API number is the state’s ID for a well.
Wells on KING-WILLIAMS
API numberWell no.Status
42-503-368231Active
42-503-374293Active
42-503-379615Active
42-503-421808Shut-in

SourceTexas Railroad Commission Wellbore Query, district 09, lease 23398.

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 Transfer Marketing & Term gathers it.

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

  • Gas from oil wells

    Targa Midstream Services LLC buys and gathers it.

    Targa Midstream Services LLC buys it: 100% of it, on the list since Oct 1, 2011 · Targa Midstream Services LLC gathers it: 100% of it, on the list since Oct 1, 2011

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

447 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
44 not plugged
Horizontal
0
First completion
Jun 29, 1983
Latest permit
Sep 14, 2017
Wells and acres on the permits for King-Williams
API numberWell no.Acreson the permit
42-503-421808447
42-503-379615447
42-503-374293447
42-503-368231447

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-WILLIAMS 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.

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-WILLIAMS
MonthOil producedbblOil soldbblWTI$ per bblHenry Hub$ per MMBtu
Jul 2026Ray Herring100$80.46$2.89
Jun 2026Ray Herring70$84.81$3.15
May 2026Ray Herring1076$102.13$2.94
Apr 2026Ray Herring100$100.32$2.77
Mar 2026Ray Herring300$91.38$3.04
Feb 2026Ray Herring200$64.51$3.62
Jan 2026Ray Herring100$60.04$7.72
Dec 2025Ray Herring9166$57.97$4.26
Nov 2025Ray Herring70$60.06$3.79
Oct 2025Ray Herring60$60.89$3.19
Sep 2025Ray Herring61$63.96$2.97
Aug 2025Ray Herring190$64.86$2.91
Jul 2025Ray Herring70$68.39$3.20
Jun 2025Ray Herring51$68.17$3.02
May 2025Ray Herring200$62.17$3.12
Apr 2025Ray Herring50$63.54$3.42
Mar 2025Ray Herring102$68.24$4.12
Feb 2025Ray Herring60$71.53$4.19
Jan 2025Ray Herring50$75.74$4.13
Dec 2024Ray Herring70$70.12$3.01
Nov 2024Ray Herring50$69.95$2.12
Oct 2024Ray Herring60$71.99$2.20
Sep 2024Ray Herring150$70.24$2.28
Aug 2024Ray Herring60$76.68$1.99
Jul 2024Ray Herring100$81.80$2.07
Jun 2024Ray Herring60$79.77$2.54
May 2024Ray Herring100$80.02$2.12
Apr 2024Ray Herring7163$85.35$1.60
Mar 2024Ray Herring101$81.28$1.49
Feb 2024Ray Herring51$77.25$1.72
Jan 2024Ray Herring107$74.15$3.18
Dec 2023Ray Herring100$71.90$2.52
Nov 2023Ray Herring100$77.69$2.71
Oct 2023Ray Herring104$85.64$2.98
Sep 2023Ray Herring106$89.43$2.64
Aug 2023Ray Herring180$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

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Upload your statements for KING-WILLIAMS. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Ray Herring Operating Co., 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

OperatorRay Herring Operating Co., LLCFieldYoung County RegularCountyYoung County

Ray Herring Operating Co., LLC in Young County

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Young County Regular 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 “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 23398, district 09, 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.