Skip to content
Royalty Clerk

Texas oil lease · RRC district 08 · Lease 47698

Producing

LOWE 26

Lowe 26 is an oil lease in Reeves County, Texas, operated by Noble Energy Inc in the Hoefs T-K (Wolfcamp) field. The Railroad Commission shows 10,102 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 2 wells

10,102bbl oil, last 12 months−31% vs prior year
Operator
Noble Energy Inc
County
Reeves County
Field
Hoefs T-K (Wolfcamp)
RRC lease
08-47698

Own a share of this lease?

Is your check right?

Upload a check stub or a phone photo. We compare every month with the state numbers on this page.

Check my statement

Free. No account needed. Two to four pages.

Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County · RRC district 08Open Reeves County →
Gas, last 12 months
23,844 mcf
Oil in Jul 2026
1,095 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 fell 31% over the last 12 months

10,102 bbl in the 12 months through Jul 2026, against 14,583 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for LOWE 26, Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 10,102 bbl in the 12 months through Jul 2026, against 14,583 bbl in the 12 months before.Last 12 months: 10,102 bblbbl per monthmcf per month001,0002,0002,0004,0003,0006,0004,0008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for LOWE 26, Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 10,102 bbl in the 12 months through Jul 2026, against 14,583 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0002,0002,0004,0003,0006,0004,0008,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 47698, 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.

Since Apr 2026 the lease's gas goes to a processing plant instead of lease fuel

Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not. Flaring peaked at 3.2% of the gas in Oct 2024.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Apr 2026 the lease's gas goes to a processing plant instead of lease fuelShare of LOWE 26 gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2026 the lease's gas goes to a processing plant instead of lease fuel. Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not. Flaring peaked at 3.2% of the gas in Oct 2024.Share of the lease’s gas by disposition code, per month0%50%100%Apr 2026: fuel to plantFlared 3.2%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Apr 2026 the lease's gas goes to a processing plant instead of lease fuelShare of LOWE 26 gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2026 the lease's gas goes to a processing plant instead of lease fuel. Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not. Flaring peaked at 3.2% of the gas in Oct 2024.Share of gas by disposition code0%50%100%Apr 26: fuel to plantFlared 3.2%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 47698, 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.

Transmission line (2)

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

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 last 12 months, 1.4% 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.

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 Jul 20262020202120222023202420252026Noble Energy IncJan 2020 to nowthrough Jul 2026
Operators of this lease over timeNoble Energy Inc, Jan 2020 to Jul 20262020202120222023202420252026Noble Energy IncJan 2020 to nowthrough Jul 2026

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 47698 in district 08. The API number is the state’s ID for a well.
Wells on LOWE 26
API numberWell no.Status
42-389-349751HActive
42-389-353072HActive

SourceTexas Railroad Commission Wellbore Query, district 08, lease 47698.

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

506.10 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
May 21, 2016
Latest permit
Jul 22, 2016
Wells and acres on the permits for Lowe 26
API numberWell no.Acreson the permit
42-389-353072H506.10
42-389-349751H506.10

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 26 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 LOWE 26
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Noble Energy1,0951,2642,5032,32736$80.46$2.89
Jun 2026Noble Energy1,1177342,6551,48537$84.81$3.15
May 2026Noble Energy8281,2861,6151,44827$102.13$2.94
Apr 2026Noble Energy1,3811,0813,3842,15246$100.32$2.77
Mar 2026Noble Energy1,6881,8104,1981,99456$91.38$3.04
Feb 2026Noble Energy1,1221,1202,66190337$64.51$3.62
Jan 2026Noble Energy81059103$60.04$7.72
Dec 2025Noble Energy24137773708$57.97$4.26
Nov 2025Noble Energy38318971470113$60.06$3.79
Oct 2025Noble Energy5385541,28646918$60.89$3.19
Sep 2025Noble Energy5875431,161019$63.96$2.97
Aug 2025Noble Energy1,0411,4602,3391,11734$64.86$2.91
Jul 2025Noble Energy8211791,71870027$68.39$3.20
Jun 2025Noble Energy4937131,01542116$68.17$3.02
May 2025Noble Energy1,2161,2581,8061,06540$62.17$3.12
Apr 2025Noble Energy76173095023325$63.54$3.42
Mar 2025Noble Energy35636275711912$68.24$4.12
Feb 2025Noble Energy9741,2852,26588632$71.53$4.19
Jan 2025Noble Energy1,3479301,98995744$75.74$4.13
Dec 2024Noble Energy3,2583,5393,7232,406114$70.12$3.01
Nov 2024Noble Energy1,1639352,0161,03138$69.95$2.12
Oct 2024Noble Energy64373765532021$71.99$2.20
Sep 2024Noble Energy1,2561,4792,8151,61141$70.24$2.28
Aug 2024Noble Energy2,2951,6472,8971,87776$76.68$1.99
Jul 2024Noble Energy2077271,2155917$81.80$2.07
Jun 2024Noble Energy1,4281,2812,5361,45047$79.77$2.54
May 2024Noble Energy2,1522,1963,3282,18771$80.02$2.12
Apr 2024Noble Energy2,5222,7505,0233,03983$85.35$1.60
Mar 2024Noble Energy1,1547433,2271,59338$81.28$1.49
Feb 2024Noble Energy1,3482,0482,7267630$77.25$1.72
Jan 2024Noble Energy1,0883713,0271,8260$74.15$3.18
Dec 2023Noble Energy5507451,7521,1400$71.90$2.52
Nov 2023Noble Energy1,9582,1352,7871,6240$77.69$2.71
Oct 2023Noble Energy2,7212,8994,0642,4170$85.64$2.98
Sep 2023Noble Energy3,1892,7286,0103,8350$89.43$2.64
Aug 2023Noble Energy1,8752,2003,1412,1590$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).

Check your statements

Do your checks match this lease?

Upload your statements for LOWE 26. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Noble Energy Inc.

Check my statementTry a sample owner
  • A month that was never paid
  • Your share of the barrels and mcf
  • The price against WTI and Henry Hub
  • Fees taken on gas
  • Late payment interest

Around this lease

Walk the neighborhood

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 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 47698, 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.