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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 45478

No report in 6+ months

LOWE 24

Lowe 24 is an oil lease in Reeves County, Texas, operated by Noble Energy Inc in the Hoefs T-K (Wolfcamp) field.

Oil lease dossier · 1 well

0bbl oil, last 12 months
Operator
Noble Energy Inc
County
Reeves County
Field
Hoefs T-K (Wolfcamp)
RRC lease
08-45478

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County · RRC district 08Open Reeves County →
Oil in Jan 2026
0 bbl
Reporting to the state
since Jan 2020
Wells
1
Data through
Jan 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).

No oil produced in the last 12 months

The state shows zero output for every month we hold.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
No oil produced in the last 12 monthsMonthly oil production and gas for LOWE 24, Feb 2023 to Jan 2026. No oil produced in the last 12 months. The state shows zero output for every month we hold.Last 12 months: 0 bblbbl per monthmcf per month001200240036004800Apr 23JulOctJan 24AprJulOctJan 25AprJulOctJan 26
No oil produced in the last 12 monthsMonthly oil production and gas for LOWE 24, Feb 2023 to Jan 2026. No oil produced in the last 12 months. The state shows zero output for every month we hold.Last 12 monthsbbl per monthmcf per month001200240036004800Jul 23Jan 24JulJan 25JulJan 26

SourceTexas Railroad Commission Production Data Query, oil lease 45478, 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.

85% of the gas went to a processing plant in the 2 months reported

Each bar is one month. Colors are the disposition codes the operator reported.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
85% of the gas went to a processing plant in the 2 months reportedShare of LOWE 24 gas by disposition code each month, Feb 2023 to Jan 2026. 85% of the gas went to a processing plant in the 2 months reported. Share of the lease’s gas by disposition code, per month0%50%100%Apr 23JulOctJan 24AprJulOctJan 25AprJulOctJan 26
85% of the gas went to a processing plant in the 2 months reportedShare of LOWE 24 gas by disposition code each month, Feb 2023 to Jan 2026. 85% of the gas went to a processing plant in the 2 months reported. Share of gas by disposition code0%50%100%Jul 23Jan 24JulJan 25JulJan 26

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 45478, 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.

Lease fuel (1)

Burned to run equipment on the lease. Not sold, so it pays no royalty. A few percent is normal.

Flared (4)

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

Over the 2 months reported, 0.2% of the gas was flared. No month went above 3%.

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.

Noble Energy Inc has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeNoble Energy Inc, Jan 2020 to Jan 20262020202120222023202420252026Noble Energy IncJan 2020 to nowthrough Jan 2026
Operators of this lease over timeNoble Energy Inc, Jan 2020 to Jan 20262020202120222023202420252026Noble Energy IncJan 2020 to nowthrough Jan 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 45478 in district 08. The API number is the state’s ID for a well.
Wells on LOWE 24
API numberWell no.Status
42-389-342031HActive

SourceTexas Railroad Commission Wellbore Query, district 08, lease 45478.

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 Company, Et Gathering & Processing LLC, Noble Energy INC and Plains Marketing, L.p. gather it.

    Energy Transfer Company gathers it: 25% of it, on the list since Oct 1, 2024 · Et Gathering & Processing LLC gathers it: 25% of it, on the list since Oct 1, 2024 · Noble Energy INC gathers it: 25% of it, on the list since Oct 1, 2024 · Plains Marketing, L.p. gathers it: 25% of it, on the list since Oct 1, 2024

  • Gas from oil wells

    Energy Transfer Company and Et Gathering & Processing LLC buy it; Noble Energy INC gathers it.

    Energy Transfer Company buys it: 50% of it, on the list since Oct 1, 2024 · Et Gathering & Processing LLC buys it: 50% of it, on the list since Oct 1, 2024 · Noble Energy INC gathers it: 100% of it, on the list since Jan 1, 2023

Companies that used to be listed: Energy Transfer Company (buys it, until Oct 1, 2024); Noble Energy INC (gathers it, until Oct 1, 2024); Plains Marketing, L.p. (gathers it, until Oct 1, 2024); Noble Midstream Services, LLC (gathers it, until Jan 1, 2023); Noble Midstream Services, LLC (gathers it, until Jan 1, 2023); Clayton Williams Pipeline Corp (gathers it, until Dec 1, 2019).

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

632.30 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
10 not plugged
Horizontal
1
First completion
Jul 25, 2014
Latest permit
Apr 7, 2014
Wells and acres on the permits for Lowe 24
API numberWell no.Acreson the permit
42-389-342031H632.30

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 Chevron Corporation told investors it received

Noble Energy Inc is linked to Chevron Corporation (CVX). 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 Chevron Corporation
QuarterOil$ per bblFiling
Q2 2026$99.38SEC filing
Q2 2026$95.66SEC filing
Q1 2026$80.12SEC filing
Q1 2026$68.83SEC filing
Q4 2025–SEC filing
Q4 2025–SEC filing

SourceChevron Corporation 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.

Compare with the price on my stub

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 LOWE 24 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.

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 LOWE 24
MonthGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jan 2026Noble Energy000$60.04$7.72
Dec 2025Noble Energy000$57.97$4.26
Nov 2025Noble Energy000$60.06$3.79
Oct 2025Noble Energy000$60.89$3.19
Sep 2025Noble Energy000$63.96$2.97
Aug 2025Noble Energy000$64.86$2.91
Jul 2025Noble Energy000$68.39$3.20
Jun 2025Noble Energy000$68.17$3.02
May 2025Noble Energy000$62.17$3.12
Apr 2025Noble Energy000$63.54$3.42
Mar 2025Noble Energy000$68.24$4.12
Feb 2025Noble Energy000$71.53$4.19
Jan 2025Noble Energy000$75.74$4.13
Dec 2024Noble Energy000$70.12$3.01
Nov 2024Noble Energy000$69.95$2.12
Oct 2024Noble Energy000$71.99$2.20
Sep 2024Noble Energy000$70.24$2.28
Aug 2024Noble Energy000$76.68$1.99
Jul 2024Noble Energy000$81.80$2.07
Jun 2024Noble Energy000$79.77$2.54
May 2024Noble Energy000$80.02$2.12
Apr 2024Noble Energy000$85.35$1.60
Mar 2024Noble Energy000$81.28$1.49
Feb 2024Noble Energy000$77.25$1.72
Jan 2024Noble Energy000$74.15$3.18
Dec 2023Noble Energy000$71.90$2.52
Nov 2023Noble Energy000$77.69$2.71
Oct 2023Noble Energy000$85.64$2.98
Sep 2023Noble Energy000$89.43$2.64
Aug 2023Noble Energy000$81.39$2.58
Jul 2023Noble Energy000$76.07$2.55
Jun 2023Noble Energy000$70.25$2.18
May 2023Noble Energy7216413$71.58$2.15
Apr 2023Noble Energy000$79.45$2.16
Mar 2023Noble Energy7816360$73.28$2.31
Feb 2023Noble Energy000$76.83$2.38

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

OperatorNoble Energy IncFieldHoefs T-K (Wolfcamp)CountyReeves County

Noble Energy Inc in Reeves County

All Noble Energy Inc leases →

Hoefs T-K (Wolfcamp) field

All leases in this field →

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 Jan 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 45478, 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.