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Royalty Clerk

Texas oil lease · RRC district 09 · Lease 25486

Producing

MARCHMAN

Marchman is an oil lease in Young County, Texas, operated by Stovall Operating Co. in the Young County Regular field. The Railroad Commission shows 1,196 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 3 wells

1,196bbl oil, last 12 months+45% vs prior year
Operator
Stovall Operating Co.
County
Young County
Field
Young County Regular
RRC lease
09-25486

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Where it sits

This county

Young CountyYoungBaylorJackPalo PintoClayThrockmortonArcherYoung County
Young County · RRC district 09Open Young County →
Gas, last 12 months
19,050 mcf
Oil in Jul 2026
105 bbl
Reporting to the state
since Jan 2020
Wells
3

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 rose 45% over the last 12 months

1,196 bbl in the 12 months through Jul 2026, against 826 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output rose 45% over the last 12 monthsMonthly oil production and gas for MARCHMAN, Aug 2023 to Jul 2026. Oil output rose 45% over the last 12 months. 1,196 bbl in the 12 months through Jul 2026, against 826 bbl in the 12 months before.Last 12 months: 1,196 bblbbl per monthmcf per month001001,0002002,0003003,0004004,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 45% over the last 12 monthsMonthly oil production and gas for MARCHMAN, Aug 2023 to Jul 2026. Oil output rose 45% over the last 12 months. 1,196 bbl in the 12 months through Jul 2026, against 826 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001001,0002002,0003003,0004004,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 25486, district 09. 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 MARCHMAN 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 MARCHMAN 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 25486, district 09. 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.

Stovall Operating Co. has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeStovall Operating Co., Jan 2020 to Jul 20262020202120222023202420252026Stovall Operating Co.Jan 2020 to nowthrough Jul 2026
Operators of this lease over timeStovall Operating Co., Jan 2020 to Jul 20262020202120222023202420252026Stovall Operating Co.Jan 2020 to nowthrough Jul 2026

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

Wells

3 wells on this lease

Every well the Railroad Commission links to oil lease 25486 in district 09. The API number is the state’s ID for a well.
Wells on MARCHMAN
API numberWell no.Status
42-503-388121Active
42-503-389962Active
42-503-391553Active

SourceTexas Railroad Commission Wellbore Query, district 09, lease 25486.

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 Marketing & Term gathers it.

    100% of it, on the list since Dec 1, 2022

  • 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 Oct 1, 2011 · Targa Midstream Services LLC gathers it: 100% of it, on the list since Oct 1, 2011

Companies that used to be listed: Sunoco Ptnrs. Mktg.&terminals LP (gathers it, until Dec 1, 2022).

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

301 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
33 not plugged
Horizontal
0
First completion
Jun 25, 1985
Latest permit
Jan 30, 1986
Wells and acres on the permits for Marchman
API numberWell no.Acreson the permit
42-503-391553301
42-503-389962301
42-503-388121301

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 MARCHMAN 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 MARCHMAN
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Stovall Operating1051151,4831,4830$80.46$2.89
Jun 2026Stovall Operating1061761,6091,6090$84.81$3.15
May 2026Stovall Operating1501821,5901,5900$102.13$2.94
Apr 2026Stovall Operating7001,4291,4290$100.32$2.77
Mar 2026Stovall Operating741181,6441,6440$91.38$3.04
Feb 2026Stovall Operating10301,5411,5410$64.51$3.62
Jan 2026Stovall Operating721731,4001,4000$60.04$7.72
Dec 2025Stovall Operating631831,7791,7790$57.97$4.26
Nov 2025Stovall Operating9701,7331,7330$60.06$3.79
Oct 2025Stovall Operating2591721,8681,8680$60.89$3.19
Sep 2025Stovall Operating101,9811,9810$63.96$2.97
Aug 2025Stovall Operating9619939930$64.86$2.91
Jul 2025Stovall Operating251411,9121,9120$68.39$3.20
Jun 2025Stovall Operating6301,9161,9160$68.17$3.02
May 2025Stovall Operating1131812,0082,0080$62.17$3.12
Apr 2025Stovall Operating6702,0862,0860$63.54$3.42
Mar 2025Stovall Operating951792,1962,1960$68.24$4.12
Feb 2025Stovall Operating9802,0762,0760$71.53$4.19
Jan 2025Stovall Operating1551122,4452,4450$75.74$4.13
Dec 2024Stovall Operating361742,8322,8320$70.12$3.01
Nov 2024Stovall Operating8902,7002,7000$69.95$2.12
Oct 2024Stovall Operating49802,6102,6100$71.99$2.20
Sep 2024Stovall Operating3503,0373,0370$70.24$2.28
Aug 2024Stovall Operating102,1192,1190$76.68$1.99
Jul 2024Stovall Operating102,2792,2790$81.80$2.07
Jun 2024Stovall Operating102,2022,2020$79.77$2.54
May 2024Stovall Operating8802,3482,3480$80.02$2.12
Apr 2024Stovall Operating102,3442,3440$85.35$1.60
Mar 2024Stovall Operating702,4682,4680$81.28$1.49
Feb 2024Stovall Operating102,3742,3740$77.25$1.72
Jan 2024Stovall Operating102,2852,2850$74.15$3.18
Dec 2023Stovall Operating491832,5712,5710$71.90$2.52
Nov 2023Stovall Operating6102,5672,5670$77.69$2.71
Oct 2023Stovall Operating61732,7112,7110$85.64$2.98
Sep 2023Stovall Operating1502,6852,6850$89.43$2.64
Aug 2023Stovall Operating7602,8292,8290$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

OperatorStovall Operating Co.FieldYoung County RegularCountyYoung County

Stovall Operating Co. in Young County

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Young County Regular field

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Leases within 10 km

Found by the location of their wells.

  • WADE

    262 bbl last 12 months · 0.5 km away

  • KISINGER UNIT

    254 bbl last 12 months · 1.1 km away

  • ATWOOD

    55 bbl last 12 months · 1.1 km away

  • KISINGER

    656 bbl last 12 months · 1.2 km away

  • RICKY BOBBY

    548 mcf last 12 months · 1.2 km away

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 25486, district 09, 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.