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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 43839

Producing

LEGEAR

Legear is an oil lease in Reeves County, Texas, operated by Continental Resources, Inc. in the Phantom (Wolfcamp) field. The Railroad Commission shows 17,557 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 2 wells

17,557bbl oil, last 12 months0% vs prior year
Operator
Continental Resources, Inc.
County
Reeves County
Field
Phantom (Wolfcamp)
RRC lease
08-43839

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County · RRC district 08Open Reeves County →
Gas, last 12 months
29,113 mcf
Oil in Jul 2026
2,977 bbl
Reporting to the state
since Jan 2020
Wells
2

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 held steady over the last 12 months

17,557 bbl in the 12 months through Jul 2026, against 17,635 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for LEGEAR, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 17,557 bbl in the 12 months through Jul 2026, against 17,635 bbl in the 12 months before.Last 12 months: 17,557 bblbbl per monthmcf per month005,0005,00010k10k15k15k20k20kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for LEGEAR, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 17,557 bbl in the 12 months through Jul 2026, against 17,635 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,0005,00010k10k15k15k20k20kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 43839, 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.

99% of the gas went to a processing plant in the last 12 months

Flaring peaked at 70.0% of the gas in Sep 2023.

  • Processing plant (3)
  • Flared (4)
99% of the gas went to a processing plant in the last 12 monthsShare of LEGEAR gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 70.0% of the gas in Sep 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 70.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
99% of the gas went to a processing plant in the last 12 monthsShare of LEGEAR gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 70.0% of the gas in Sep 2023.Share of gas by disposition code0%50%100%Flared 70.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 43839, 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.

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, 0.6% of the gas was flared. 2 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.

The operator changed 3 times, most recently in Dec 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 timeJagged Peak Energy LLC, Jan 2020 to Jan 2020; Parsley Energy Operations, LLC, Feb 2020 to Jan 2021; Pioneer Natural Res. USA, Inc., Feb 2021 to Nov 2021; Continental Resources, Inc., Dec 2021 to Jul 20262020202120222023202420252026Changed Feb 2020Changed Feb 2021Changed Dec 2021Jagged Peak Energy LLCJan 2020 to Jan 2020Parsley Energy Operations, LLCFeb 2020 to Jan 2021Pioneer Natural Res. USA, Inc.Feb 2021 to Nov 2021Continental Resources, Inc.Dec 2021 to now
Operators of this lease over timeJagged Peak Energy LLC, Jan 2020 to Jan 2020; Parsley Energy Operations, LLC, Feb 2020 to Jan 2021; Pioneer Natural Res. USA, Inc., Feb 2021 to Nov 2021; Continental Resources, Inc., Dec 2021 to Jul 20262020202120222023202420252026Changed Feb 2020Changed Feb 2021Changed Dec 2021Jagged Peak Energy LLCJan 2020 to Jan 2020Parsley Energy Operations, LLCFeb 2020 to Jan 2021Pioneer Natural Res. USA, Inc.Feb 2021 to Nov 2021Continental Resources, Inc.Dec 2021 to now

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

Wells

2 wells on this lease

Every well the Railroad Commission links to oil lease 43839 in district 08. The API number is the state’s ID for a well.
Wells on LEGEAR
API numberWell no.Status
42-389-332281102HShut-in
42-389-402891103HActive

SourceTexas Railroad Commission Wellbore Query, district 08, lease 43839.

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. gathers it.

    100% of it, on the list since Apr 1, 2023

  • 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 Apr 1, 2023 · Targa Midstream Services LLC gathers it: 100% of it, on the list since Apr 1, 2023

Companies that used to be listed: Targa Midland LLC (gathers it, until Apr 1, 2023); Targa Midland LLC (buys it, until Apr 1, 2023); Transoil Marketing, LLC (gathers it, until Apr 1, 2023); Lion Oil Trading & Trans, LLC (gathers it, until Jan 1, 2022); Eastex Crude Company (gathers it, until Jul 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

578.34 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
2
First completion
Jun 12, 2012
Latest permit
Nov 14, 2022
Wells and acres on the permits for Legear
API numberWell no.Acreson the permit
42-389-402891103H578.34
42-389-332281102H578.34

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

What the operator reported

What Continental Resources, Inc. told investors it received

Continental Resources, Inc. is linked to Continental Resources, Inc. (CLR). Public companies report the average price they realize each quarter. It is an average across everything the company operates, not the price on this lease.
Realized prices reported by Continental Resources, Inc.
QuarterOil$ per bblFiling
Q2 2026$96.81SEC filing
Q1 2026$71.54SEC filing
Q3 2025$65.11SEC filing
Q2 2025$62.52SEC filing
Q1 2025$70.26SEC filing
Q3 2024$74.80SEC filing

SourceContinental Resources, Inc. quarterly reports on SEC EDGAR, prices before hedging where the company states both. Read by machine from each filing’s tables; the link opens the filing so you can check the figure.

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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 LEGEAR 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 LEGEAR
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Continental Resources,2,9772,9544,7944,7940$80.46$2.89
Jun 2026Continental Resources,2,2602,1872,5952,56431$84.81$3.15
May 2026Continental Resources,012000$102.13$2.94
Apr 2026Continental Resources,5185324964960$100.32$2.77
Mar 2026Continental Resources,1,1901,1991,7111,7074$91.38$3.04
Feb 2026Continental Resources,1,3771,3832,9272,9216$64.51$3.62
Jan 2026Continental Resources,1,9191,9073,5183,49721$60.04$7.72
Dec 2025Continental Resources,1,5051,4772,9632,94716$57.97$4.26
Nov 2025Continental Resources,5694220$60.06$3.79
Oct 2025Continental Resources,2,1492,1364,1304,03991$60.89$3.19
Sep 2025Continental Resources,2,2382,2273,9213,9174$63.96$2.97
Aug 2025Continental Resources,1,3681,3532,0562,04610$64.86$2.91
Jul 2025Continental Resources,014000$68.39$3.20
Jun 2025Continental Resources,9549401,1241,1204$68.17$3.02
May 2025Continental Resources,00000$62.17$3.12
Apr 2025Continental Resources,014000$63.54$3.42
Mar 2025Continental Resources,1,0041,0252,0772,0725$68.24$4.12
Feb 2025Continental Resources,2,6582,6804,3144,3140$71.53$4.19
Jan 2025Continental Resources,2,0201,9943,2873,27512$75.74$4.13
Dec 2024Continental Resources,2,7222,7124,8934,8930$70.12$3.01
Nov 2024Continental Resources,2,7342,7434,7974,75245$69.95$2.12
Oct 2024Continental Resources,2,5392,6063,9183,86553$71.99$2.20
Sep 2024Continental Resources,1,9591,8673,3573,3570$70.24$2.28
Aug 2024Continental Resources,1,0451,0691,6881,6880$76.68$1.99
Jul 2024Continental Resources,3,1053,1074,4694,4627$81.80$2.07
Jun 2024Continental Resources,3,6173,6265,5155,50411$79.77$2.54
May 2024Continental Resources,4,3054,3196,4966,4879$80.02$2.12
Apr 2024Continental Resources,5,2915,2666,6906,6846$85.35$1.60
Mar 2024Continental Resources,6,5946,6587,6497,6490$81.28$1.49
Feb 2024Continental Resources,8,2208,2258,7098,7090$77.25$1.72
Jan 2024Continental Resources,11,01611,06511,35611,29264$74.15$3.18
Dec 2023Continental Resources,13,91613,91114,00814,0080$71.90$2.52
Nov 2023Continental Resources,14,05314,03013,59413,474120$77.69$2.71
Oct 2023Continental Resources,19,49919,78517,93717,054883$85.64$2.98
Sep 2023Continental Resources,5,5625,0003,2079612,246$89.43$2.64
Aug 2023Continental Resources,00000$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

OperatorContinental Resources, Inc.FieldPhantom (Wolfcamp)CountyReeves County

Continental Resources, Inc. in Reeves County

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Phantom (Wolfcamp) field

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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 43839, 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.