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Royalty Clerk

Texas oil lease · RRC district 06 · Lease 13873

Producing

LATHAM 2

Latham 2 is an oil lease in Panola County, Texas, operated by Tower Resources Inc in the Carthage, SW. (Travis Peak) field. The Railroad Commission shows 11 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier

11bbl oil, last 12 months−42% vs prior year
Operator
Tower Resources Inc
County
Panola County
Field
Carthage, SW. (Travis Peak)
RRC lease
06-13873

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Where it sits

This county

Panola CountyPanolaGreggUpshurShelbyRuskHarrisonMarionPanola County
Panola County · RRC district 06Open Panola County →
Gas, last 12 months
317 mcf
Oil in Jul 2026
0 bbl
Reporting to the state
since Jan 2020
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 fell 42% over the last 12 months

11 bbl in the 12 months through Jul 2026, against 19 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 42% over the last 12 monthsMonthly oil production and gas for LATHAM 2, Aug 2023 to Jul 2026. Oil output fell 42% over the last 12 months. 11 bbl in the 12 months through Jul 2026, against 19 bbl in the 12 months before.Last 12 months: 11 bblbbl per monthmcf per month001502100315042005250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 42% over the last 12 monthsMonthly oil production and gas for LATHAM 2, Aug 2023 to Jul 2026. Oil output fell 42% over the last 12 months. 11 bbl in the 12 months through Jul 2026, against 19 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001502100315042005250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 13873, district 06. 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 LATHAM 2 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 LATHAM 2 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 13873, district 06. 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.

Tower Resources Inc has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeTower Resources Inc, Jan 2020 to Jul 20262020202120222023202420252026Tower Resources IncJan 2020 to nowthrough Jul 2026
Operators of this lease over timeTower Resources Inc, Jan 2020 to Jul 20262020202120222023202420252026Tower Resources IncJan 2020 to nowthrough Jul 2026

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

Wells

Wells on this lease

Every well the Railroad Commission links to oil lease 13873 in district 06. The API number is the state’s ID for a well.

No wells are linked to this lease in our data

Older leases and some gas wells are filed without well records. Production is still reported at lease level, so the charts and ledger on this page are unaffected.

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. and Statewide Crude Inc. gather it.

    Plains Marketing, L.p. gathers it: 50% of it, on the list since Aug 11, 2020 · Statewide Crude Inc. gathers it: 50% of it, on the list since Aug 11, 2020

  • Gas from oil wells

    Energy Transfer Company buys and gathers it.

    Energy Transfer Company buys it: 100% of it, on the list since Nov 1, 2015 · Energy Transfer Company gathers it: 100% of it, on the list since Nov 1, 2015

Companies that used to be listed: Plains Marketing, L.p. (gathers it, until Aug 11, 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

445.66 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
22 not plugged
Horizontal
0
First completion
Oct 8, 1998
Latest permit
Jun 10, 1998

A pooling certificate was filed

Your tract may share its production with neighbours in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

Wells and acres on the permits for Latham 2
API numberWell no.Acreson the permit
42-365-339782445.66
42-365-339782 L445.66

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 LATHAM 2 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. 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 LATHAM 2
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Tower Resources00220$80.46$2.89
Jun 2026Tower Resources00220$84.81$3.15
May 2026Tower Resources00000$102.13$2.94
Apr 2026Tower Resources00000$100.32$2.77
Mar 2026Tower Resources00220$91.38$3.04
Feb 2026Tower Resources00330$64.51$3.62
Jan 2026Tower Resources3062620$60.04$7.72
Dec 2025Tower Resources3085850$57.97$4.26
Nov 2025Tower Resources3082820$60.06$3.79
Oct 2025Tower Resources2059590$60.89$3.19
Sep 2025Tower Resources0010100$63.96$2.97
Aug 2025Tower Resources0010100$64.86$2.91
Jul 2025Tower Resources0150000$68.39$3.20
Jun 2025Tower Resources00440$68.17$3.02
May 2025Tower Resources00770$62.17$3.12
Apr 2025Tower Resources3017170$63.54$3.42
Mar 2025Tower Resources315059590$68.24$4.12
Feb 2025Tower Resources31501311310$71.53$4.19
Jan 2025Tower Resources301941940$75.74$4.13
Dec 2024Tower Resources21501191190$70.12$3.01
Nov 2024Tower Resources1040400$69.95$2.12
Oct 2024Tower Resources1046460$71.99$2.20
Sep 2024Tower Resources0010100$70.24$2.28
Aug 2024Tower Resources3010100$76.68$1.99
Jul 2024Tower Resources0010100$81.80$2.07
Jun 2024Tower Resources0010100$79.77$2.54
May 2024Tower Resources0010100$80.02$2.12
Apr 2024Tower Resources302042040$85.35$1.60
Mar 2024Tower Resources3068680$81.28$1.49
Feb 2024Tower Resources101211210$77.25$1.72
Jan 2024Tower Resources301211210$74.15$3.18
Dec 2023Tower Resources3020200$71.90$2.52
Nov 2023Tower Resources1020200$77.69$2.71
Oct 2023Tower Resources0020200$85.64$2.98
Sep 2023Tower Resources1030300$89.43$2.64
Aug 2023Tower Resources3071710$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

OperatorTower Resources IncFieldCarthage, SW. (Travis Peak)CountyPanola County

Tower Resources Inc in Panola County

All Tower Resources Inc leases →

Carthage, SW. (Travis Peak) field

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

New drilling permits in Panola County

We do not have coordinates for this lease, so these are the newest permits in its county.

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 13873, district 06, 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.