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Royalty Clerk

Texas oil lease · RRC district 09 · Lease 34065

Producing

MAYO

Mayo is an oil lease in Clay County, Texas, operated by Covenant Operating, LLC in the Joy (Strawn) field. The Railroad Commission shows 607 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

607bbl oil, last 12 months−15% vs prior year
Operator
Covenant Operating, LLC
County
Clay County
Field
Joy (Strawn)
RRC lease
09-34065

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Where it sits

This county

Clay CountyClayWichitaMontagueArcherClay County
Clay County · RRC district 09Open Clay County →
Oil in Jul 2026
59 bbl
Reporting to the state
since Dec 2021
Wells
1
Data through
Jul 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).

Oil output fell 15% over the last 12 months

607 bbl in the 12 months through Jul 2026, against 717 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Last 12 months
Oil output fell 15% over the last 12 monthsMonthly oil production for MAYO, Aug 2023 to Jul 2026. Oil output fell 15% over the last 12 months. 607 bbl in the 12 months through Jul 2026, against 717 bbl in the 12 months before.Last 12 months: 607 bblbbl per month0255075100Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 15% over the last 12 monthsMonthly oil production for MAYO, Aug 2023 to Jul 2026. Oil output fell 15% over the last 12 months. 607 bbl in the 12 months through Jul 2026, against 717 bbl in the 12 months before.Last 12 monthsbbl per month0255075100Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 34065, 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.

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

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.

Covenant Operating, LLC has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeCovenant Operating, LLC, Dec 2021 to Jul 202620222023202420252026Covenant Operating, LLCDec 2021 to nowthrough Jul 2026
Operators of this lease over timeCovenant Operating, LLC, Dec 2021 to Jul 202620222023202420252026Covenant Operating, LLCDec 2021 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 34065 in district 09. The API number is the state’s ID for a well.
Wells on MAYO
API numberWell no.Status
42-077-353141Active

SourceTexas Railroad Commission Wellbore Query, district 09, lease 34065.

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

    Ptt Premier Trading and Tran LLC and Sentinel Transportation, LLC gather it.

    Ptt Premier Trading and Tran LLC gathers it: 50% of it, on the list since May 1, 2025 · Sentinel Transportation, LLC gathers it: 50% of it, on the list since May 1, 2025

Companies that used to be listed: Ptt Premier Trading and Tran LLC (gathers it, until May 1, 2025); Gulfmark Energy, Inc. (gathers it, until Nov 1, 2023).

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

100 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
0
First completion
Dec 10, 2021
Latest permit
Sep 22, 2021
Wells and acres on the permits for Mayo
API numberWell no.Acreson the permit
42-077-353141100

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

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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 MAYO 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.

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 MAYO
MonthOil producedbblOil soldbblWTI$ per bblHenry Hub$ per MMBtu
Jul 2026Covenant Operating,5937$80.46$2.89
Jun 2026Covenant Operating,3467$84.81$3.15
May 2026Covenant Operating,5067$102.13$2.94
Apr 2026Covenant Operating,500$100.32$2.77
Mar 2026Covenant Operating,54114$91.38$3.04
Feb 2026Covenant Operating,500$64.51$3.62
Jan 2026Covenant Operating,4784$60.04$7.72
Dec 2025Covenant Operating,530$57.97$4.26
Nov 2025Covenant Operating,5064$60.06$3.79
Oct 2025Covenant Operating,5595$60.89$3.19
Sep 2025Covenant Operating,510$63.96$2.97
Aug 2025Covenant Operating,5452$64.86$2.91
Jul 2025Covenant Operating,5473$68.39$3.20
Jun 2025Covenant Operating,55126$68.17$3.02
May 2025Covenant Operating,6129$62.17$3.12
Apr 2025Covenant Operating,510$63.54$3.42
Mar 2025Covenant Operating,6051$68.24$4.12
Feb 2025Covenant Operating,5266$71.53$4.19
Jan 2025Covenant Operating,66124$75.74$4.13
Dec 2024Covenant Operating,670$70.12$3.01
Nov 2024Covenant Operating,61149$69.95$2.12
Oct 2024Covenant Operating,580$71.99$2.20
Sep 2024Covenant Operating,57175$70.24$2.28
Aug 2024Covenant Operating,750$76.68$1.99
Jul 2024Covenant Operating,780$81.80$2.07
Jun 2024Covenant Operating,61143$79.77$2.54
May 2024Covenant Operating,760$80.02$2.12
Apr 2024Covenant Operating,76168$85.35$1.60
Mar 2024Covenant Operating,830$81.28$1.49
Feb 2024Covenant Operating,96168$77.25$1.72
Jan 2024Covenant Operating,530$74.15$3.18
Dec 2023Covenant Operating,81177$71.90$2.52
Nov 2023Covenant Operating,860$77.69$2.71
Oct 2023Covenant Operating,93161$85.64$2.98
Sep 2023Covenant Operating,580$89.43$2.64
Aug 2023Covenant Operating,71169$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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This lease belongs to

OperatorCovenant Operating, LLCFieldJoy (Strawn)CountyClay County

Covenant Operating, LLC in Clay County

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Joy (Strawn) field

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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 34065, 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.