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Royalty Clerk

Texas oil lease · RRC district 7B · Lease 29297

Producing

LEDBETTER

Ledbetter is an oil lease in Taylor County, Texas, operated by Stephens & Johnson Operating Co. in the Oilers Revenge (Canyon Reef) field. The Railroad Commission shows 5,258 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 5 wells

5,258bbl oil, last 12 months−8% vs prior year
Operator
Stephens & Johnson Operating Co.
County
Taylor County
Field
Oilers Revenge (Canyon Reef)
RRC lease
7B-29297

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Where it sits

This county

Taylor CountyTaylorShackelfordFisherNolanCallahanJonesCokeTaylor County
Taylor County · RRC district 7BOpen Taylor County →
Oil in Jul 2026
472 bbl
Reporting to the state
since Jan 2020
Wells
5
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 8% over the last 12 months

5,258 bbl in the 12 months through Jul 2026, against 5,721 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Last 12 months
Oil output fell 8% over the last 12 monthsMonthly oil production for LEDBETTER, Aug 2023 to Jul 2026. Oil output fell 8% over the last 12 months. 5,258 bbl in the 12 months through Jul 2026, against 5,721 bbl in the 12 months before.Last 12 months: 5,258 bblbbl per month0200400600800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 8% over the last 12 monthsMonthly oil production for LEDBETTER, Aug 2023 to Jul 2026. Oil output fell 8% over the last 12 months. 5,258 bbl in the 12 months through Jul 2026, against 5,721 bbl in the 12 months before.Last 12 monthsbbl per month0200400600800Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 29297, district 7B. 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.

Stephens & Johnson Operating Co. has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeStephens & Johnson Operating Co., Jan 2020 to Jul 20262020202120222023202420252026Stephens & Johnson Operating…Jan 2020 to nowthrough Jul 2026
Operators of this lease over timeStephens & Johnson Operating Co., Jan 2020 to Jul 20262020202120222023202420252026Stephens & Johnson Operating Co.Jan 2020 to nowthrough Jul 2026

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

Wells

5 wells on this lease

Every well the Railroad Commission links to oil lease 29297 in district 7B. The API number is the state’s ID for a well.
Wells on LEDBETTER
API numberWell no.Status
42-441-340811Active
42-441-340862Active
42-441-340923Active
42-441-341074Shut-in
42-441-341335Active

SourceTexas Railroad Commission Wellbore Query, district 7B, lease 29297.

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 Aug 1, 2020

Companies that used to be listed: Midcoast Gathering (N Tx) L.p. (gathers it, until Aug 1, 2020); Midcoast G & P (North Texas)l.p. (buys it, until Aug 1, 2020); Sunoco Ptnrs. Mktg.&terminals LP (gathers it, until Aug 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

352 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
55 not plugged
Horizontal
0
First completion
Jul 7, 2003
Latest permit
Nov 22, 2024

The wells on this lease state different acreage

The permits state between 352 and 1,024 acres. Use the acres from your own division order for the well you are paid on.

Wells and acres on the permits for Ledbetter
API numberWell no.Acreson the permit
42-441-341335352
42-441-3410741,024
42-441-3409231,024
42-441-3408621,024
42-441-3408111,024

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 LEDBETTER 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 LEDBETTER
MonthOil producedbblOil soldbblWTI$ per bblHenry Hub$ per MMBtu
Jul 2026Stephens &472354$80.46$2.89
Jun 2026Stephens &442341$84.81$3.15
May 2026Stephens &450673$102.13$2.94
Apr 2026Stephens &465351$100.32$2.77
Mar 2026Stephens &531660$91.38$3.04
Feb 2026Stephens &422500$64.51$3.62
Jan 2026Stephens &421343$60.04$7.72
Dec 2025Stephens &546362$57.97$4.26
Nov 2025Stephens &412517$60.06$3.79
Oct 2025Stephens &279374$60.89$3.19
Sep 2025Stephens &408345$63.96$2.97
Aug 2025Stephens &410352$64.86$2.91
Jul 2025Stephens &480526$68.39$3.20
Jun 2025Stephens &511523$68.17$3.02
May 2025Stephens &481347$62.17$3.12
Apr 2025Stephens &388681$63.54$3.42
Mar 2025Stephens &564169$68.24$4.12
Feb 2025Stephens &372988$71.53$4.19
Jan 2025Stephens &4970$75.74$4.13
Dec 2024Stephens &505689$70.12$3.01
Nov 2024Stephens &505518$69.95$2.12
Oct 2024Stephens &520342$71.99$2.20
Sep 2024Stephens &394351$70.24$2.28
Aug 2024Stephens &504519$76.68$1.99
Jul 2024Stephens &564664$81.80$2.07
Jun 2024Stephens &510858$79.77$2.54
May 2024Stephens &3280$80.02$2.12
Apr 2024Stephens &492348$85.35$1.60
Mar 2024Stephens &550707$81.28$1.49
Feb 2024Stephens &532859$77.25$1.72
Jan 2024Stephens &585345$74.15$3.18
Dec 2023Stephens &525629$71.90$2.52
Nov 2023Stephens &507341$77.69$2.71
Oct 2023Stephens &584520$85.64$2.98
Sep 2023Stephens &566846$89.43$2.64
Aug 2023Stephens &477340$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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This lease belongs to

OperatorStephens & Johnson Operating Co.FieldOilers Revenge (Canyon Reef)CountyTaylor County

Stephens & Johnson Operating Co. in Taylor County

All Stephens & Johnson Operating Co. leases →

Oilers Revenge (Canyon Reef) field

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

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 29297, district 7B, 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.