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Royalty Clerk

Texas oil lease · RRC district 8A · Lease 70977

Producing

LAREDO

Laredo is an oil lease in Gaines County, Texas, operated by Joint Resources Company in the Carter-New Mexico (San Andres) field. The Railroad Commission shows 7,948 bbl of oil in the 12 months through Jun 2026.

Oil lease dossier · 1 well

7,948bbl oil, last 12 months−28% vs prior year
Operator
Joint Resources Company
County
Gaines County
Field
Carter-New Mexico (San Andres)
RRC lease
8A-70977

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Where it sits

This county

Gaines CountyGainesYoakumDawsonTerryGaines County
Gaines County · RRC district 8AOpen Gaines County →
Gas, last 12 months
37,191 mcf
Oil in Jun 2026
510 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 fell 28% over the last 12 months

7,206 bbl in the 12 months through Jul 2026, against 9,975 bbl in the 12 months before. Jul 2026 was not reported. A red cross marks each one.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for LAREDO, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 7,206 bbl in the 12 months through Jul 2026, against 9,975 bbl in the 12 months before.Last 12 months: 7,206 bblbbl per monthmcf per month005005,0001,00010k1,50015k2,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for LAREDO, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 7,206 bbl in the 12 months through Jul 2026, against 9,975 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005,0001,00010k1,50015k2,00020kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 70977, district 8A. 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

Flaring peaked at 40.0% of the gas in Mar 2026.

  • Transmission line (2)
  • Flared (4)
96% of the gas went to a transmission line in the last 12 monthsShare of LAREDO 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. Flaring peaked at 40.0% of the gas in Mar 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 40.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
96% of the gas went to a transmission line in the last 12 monthsShare of LAREDO 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. Flaring peaked at 40.0% of the gas in Mar 2026.Share of gas by disposition code0%50%100%Flared 40.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 70977, district 8A. Reported through Jul 2026.

Transmission line (2)

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

Flared (4)

Burned off or vented, not sold. It pays no royalty. More than 3% in a month is worth watching.

Over the last 12 months, 3.6% of the gas was flared. 6 months went above 3%, which we mark in the ledger below.

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.

Joint Resources Company has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeJoint Resources Company, Jan 2020 to Jun 20262020202120222023202420252026Joint Resources CompanyJan 2020 to nowthrough Jul 2026
Operators of this lease over timeJoint Resources Company, Jan 2020 to Jun 20262020202120222023202420252026Joint Resources CompanyJan 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 oil lease 70977 in district 8A. The API number is the state’s ID for a well.
Wells on LAREDO
API numberWell no.Status
42-165-387474HActive

SourceTexas Railroad Commission Wellbore Query, district 8A, lease 70977.

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

    Hf Sinclair Refining & Marketing, Phillips 66 Company and Sentinel Transportation, LLC gather it.

    Hf Sinclair Refining & Marketing gathers it: 70% of it, on the list since May 25, 2022 · Phillips 66 Company gathers it: 15% of it, on the list since Apr 1, 2020 · Sentinel Transportation, LLC gathers it: 15% of it, on the list since Apr 1, 2020

  • 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 May 25, 2022 · Targa Midstream Services LLC gathers it: 100% of it, on the list since May 25, 2022

Companies that used to be listed: Hollyfrontier Ref & Mktg LLC (gathers it, until May 25, 2022); Rio Energy International, Inc. (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

481.50 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
1
First completion
Apr 25, 2019
Latest permit
Jan 4, 2019
Wells and acres on the permits for Laredo
API numberWell no.Acreson the permit
42-165-387474H481.50

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

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 LAREDO 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 LAREDO
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Joint Resources5107043,9303,9300$84.81$3.15
May 2026Joint Resources6877403,6983,6980$102.13$2.94
Apr 2026Joint Resources6277323,2673,2670$100.32$2.77
Mar 2026Joint Resources3073732,4071,443964$91.38$3.04
Feb 2026Joint Resources5605672,6322,6320$64.51$3.62
Jan 2026Joint Resources7707631,9271,568359$60.04$7.72
Dec 2025Joint Resources6367021,6331,6330$57.97$4.26
Nov 2025Joint Resources6677302,6322,6320$60.06$3.79
Oct 2025Joint Resources8067373,1723,1720$60.89$3.19
Sep 2025Joint Resources7177253,3183,3180$63.96$2.97
Aug 2025Joint Resources9199213,5893,5890$64.86$2.91
Jul 2025Joint Resources7427314,9864,9860$68.39$3.20
Jun 2025Joint Resources7057423,9113,9110$68.17$3.02
May 2025Joint Resources4323741,5521,5520$62.17$3.12
Apr 2025Joint Resources5305695,0133,4801,533$63.54$3.42
Mar 2025Joint Resources1,1291,1279,9869,9860$68.24$4.12
Feb 2025Joint Resources9579598,2047,625579$71.53$4.19
Jan 2025Joint Resources7857685,8875,8870$75.74$4.13
Dec 2024Joint Resources9199567,3777,3770$70.12$3.01
Nov 2024Joint Resources9159517,4717,4710$69.95$2.12
Oct 2024Joint Resources9039494,4704,4700$71.99$2.20
Sep 2024Joint Resources1,0931,2493,4782,614864$70.24$2.28
Aug 2024Joint Resources8659002,8032,8030$76.68$1.99
Jul 2024Joint Resources9008904,2244,2240$81.80$2.07
Jun 2024Joint Resources1,2071,2306,9036,9030$79.77$2.54
May 2024Joint Resources1,0017436,9956,9950$80.02$2.12
Apr 2024Joint Resources1,1811,32610,01510,0150$85.35$1.60
Mar 2024Joint Resources99891611,02711,0270$81.28$1.49
Feb 2024Joint Resources1,1351,3188,3748,3740$77.25$1.72
Jan 2024Joint Resources1,06692810,80210,8020$74.15$3.18
Dec 2023Joint Resources1,2521,63514,23814,2380$71.90$2.52
Nov 2023Joint Resources1,05574015,41815,4180$77.69$2.71
Oct 2023Joint Resources1,3431,32814,94714,9470$85.64$2.98
Sep 2023Joint Resources1,5131,48611,7019,0612,640$89.43$2.64
Aug 2023Joint Resources6947435,4835,4830$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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Everything on this page connects to the operator, field and county records. Start from any of them.

This lease belongs to

OperatorJoint Resources CompanyFieldCarter-New Mexico (San Andres)CountyGaines County

Joint Resources Company in Gaines County

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Carter-New Mexico (San Andres) 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 Jun 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 70977, district 8A, 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.