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Royalty Clerk

Texas oil lease · RRC district 10 · Lease 09394

Producing

MASTERSON 87

Masterson 87 is an oil lease in Potter County, Texas, operated by Presidio Petroleum LLC in the Bivins Lit (Canyon Lime) field. The Railroad Commission shows 3,072 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

3,072bbl oil, last 12 months−28% vs prior year
Operator
Presidio Petroleum LLC
County
Potter County
Field
Bivins Lit (Canyon Lime)
RRC lease
10-09394

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Where it sits

This county

Potter CountyPotterHutchinsonMooreCarsonOldhamHartleyPotter County
Potter County · RRC district 10Open Potter County →
Gas, last 12 months
13,165 mcf
Oil in Jul 2026
384 bbl
Reporting to the state
since Jan 2020
Wells
1

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 28% over the last 12 months

3,072 bbl in the 12 months through Jul 2026, against 4,267 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for MASTERSON 87, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 3,072 bbl in the 12 months through Jul 2026, against 4,267 bbl in the 12 months before.Last 12 months: 3,072 bblbbl per monthmcf per month002005004001,0006001,5008002,0001,0002,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for MASTERSON 87, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 3,072 bbl in the 12 months through Jul 2026, against 4,267 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002005004001,0006001,5008002,0001,0002,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 09394, district 10. 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.

57% of the gas went to a transmission line in the last 12 months

Flaring peaked at 100.0% of the gas in Aug 2023.

  • Transmission line (2)
  • Flared (4)
57% of the gas went to a transmission line in the last 12 monthsShare of MASTERSON 87 gas by disposition code each month, Aug 2023 to Jul 2026. 57% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
57% of the gas went to a transmission line in the last 12 monthsShare of MASTERSON 87 gas by disposition code each month, Aug 2023 to Jul 2026. 57% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 09394, district 10. Reported through Jul 2026.

Transmission line (2)

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

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, 42.7% of the gas was flared. 27 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.

Presidio Petroleum LLC has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timePresidio Petroleum LLC, Jan 2020 to Jul 20262020202120222023202420252026Presidio Petroleum LLCJan 2020 to nowthrough Jul 2026
Operators of this lease over timePresidio Petroleum LLC, Jan 2020 to Jul 20262020202120222023202420252026Presidio Petroleum LLCJan 2020 to nowthrough Jul 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 09394 in district 10. The API number is the state’s ID for a well.
Wells on MASTERSON 87
API numberWell no.Status
42-375-318492HActive

SourceTexas Railroad Commission Wellbore Query, district 10, lease 09394.

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

    Mission Petroleum Carriers, Inc. and Cp Energy, L.l.c. gather it.

    Mission Petroleum Carriers, Inc. gathers it: 90% of it, on the list since Apr 1, 2020 · Cp Energy, L.l.c. gathers it: 10% of it, on the list since Apr 1, 2020

  • Gas from oil wells

    Apache Corporation buys and gathers it.

    Apache Corporation buys it: 100% of it, on the list since Apr 1, 2020 · Apache Corporation gathers it: 100% of it, on the list since May 22, 2015

Companies that used to be listed: Dcp Operating Company, LP (buys it, until Apr 1, 2020); Cp Energy, L.l.c. (gathers it, until Apr 1, 2020); Mission Petroleum Carriers, Inc. (gathers it, until Apr 1, 2020); Shell Trading (Us) Company (gathers it, until Apr 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

12,861.85 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
11 not plugged
Horizontal
1
First completion
May 22, 2015
Latest permit
Dec 29, 2014
Wells and acres on the permits for Masterson 87
API numberWell no.Acreson the permit
42-375-318492H12,861.85

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 MASTERSON 87 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 MASTERSON 87
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Presidio Petroleum3841861,6021,6020$80.46$2.89
Jun 2026Presidio Petroleum10000$84.81$3.15
May 2026Presidio Petroleum1281884754750$102.13$2.94
Apr 2026Presidio Petroleum3343761,0681,0680$100.32$2.77
Mar 2026Presidio Petroleum2751881,0501,0500$91.38$3.04
Feb 2026Presidio Petroleum2173829749740$64.51$3.62
Jan 2026Presidio Petroleum3561921,4421,4420$60.04$7.72
Dec 2025Presidio Petroleum4425731,7481,7480$57.97$4.26
Nov 2025Presidio Petroleum6405575570$60.06$3.79
Oct 2025Presidio Petroleum2983791,35001,350$60.89$3.19
Sep 2025Presidio Petroleum2331861,27201,272$63.96$2.97
Aug 2025Presidio Petroleum3403791,62701,627$64.86$2.91
Jul 2025Presidio Petroleum3933752,39602,396$68.39$3.20
Jun 2025Presidio Petroleum8607290729$68.17$3.02
May 2025Presidio Petroleum3213801,50501,505$62.17$3.12
Apr 2025Presidio Petroleum3413831,46501,465$63.54$3.42
Mar 2025Presidio Petroleum3713881,51201,512$68.24$4.12
Feb 2025Presidio Petroleum3533861,49201,492$71.53$4.19
Jan 2025Presidio Petroleum4433851,64501,645$75.74$4.13
Dec 2024Presidio Petroleum3211921,44501,445$70.12$3.01
Nov 2024Presidio Petroleum2693847390739$69.95$2.12
Oct 2024Presidio Petroleum4493791,45601,456$71.99$2.20
Sep 2024Presidio Petroleum5967552,00402,004$70.24$2.28
Aug 2024Presidio Petroleum3241871,95201,952$76.68$1.99
Jul 2024Presidio Petroleum00101$81.80$2.07
Jun 2024Presidio Petroleum160404$79.77$2.54
May 2024Presidio Petroleum1521884640464$80.02$2.12
Apr 2024Presidio Petroleum2943808690869$85.35$1.60
Mar 2024Presidio Petroleum3563812340234$81.28$1.49
Feb 2024Presidio Petroleum33119576076$77.25$1.72
Jan 2024Presidio Petroleum2873822580258$74.15$3.18
Dec 2023Presidio Petroleum4113881200120$71.90$2.52
Nov 2023Presidio Petroleum4223811,08001,080$77.69$2.71
Oct 2023Presidio Petroleum1691914590459$85.64$2.98
Sep 2023Presidio Petroleum3773778800880$89.43$2.64
Aug 2023Presidio Petroleum3423781,49901,499$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

OperatorPresidio Petroleum LLCFieldBivins Lit (Canyon Lime)CountyPotter County

Presidio Petroleum LLC in Potter County

All Presidio Petroleum LLC leases →

Bivins Lit (Canyon Lime) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

  • BIVINS EAST

    34,781 bbl last 12 months · 3.7 km away

  • BIVINS EAST

    6,560 bbl last 12 months · 5.4 km away

  • MARSH RANCH

    0 bbl last 12 months · 5.4 km away

  • QUANAH

    2,767 bbl last 12 months · 6.4 km away

  • MASTERSON

    13,508 mcf last 12 months · 6.4 km away

New drilling permits in Potter County

We do not have coordinates for this lease, so these are the newest permits in its county.

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 09394, district 10, 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.

FAQ

Questions about MASTERSON 87

Who operates the MASTERSON 87 lease?

The Railroad Commission lists Presidio Petroleum LLC (operator number 676084) as the operator of this lease in Potter County, Texas. The operator history on this page shows earlier operators and when the record changed.

How much has the MASTERSON 87 lease produced?

The lease reported 3,072 bbl of oil and 13,165 mcf of gas in the last 12 months through Jul 2026. Monthly figures for 36 months are in the ledger on this page, taken from the Railroad Commission's production data.

Does this page show who owns the royalty?

No. Railroad Commission records show who operates a lease and what it reported, not who owns the minerals or receives royalty. Your division order and royalty stub name the lease and your decimal interest.

How do I check my royalty stub against this lease?

Multiply the lease's volume for a month by your decimal interest and compare it with the barrels and mcf on your stub for the same month. The two are seldom identical, since sales and reporting months can differ, but a large gap is worth a question to the operator.

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