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Royalty Clerk

Texas oil lease

Producing

MT. VERNON (PETTIT) UNIT

MT. Vernon (Pettit) Unit is an oil lease in Franklin County, Texas, operated by Fair Oil, Ltd. in the MT. Vernon (Pettit) field.

Oil lease dossier

3,023bbl oil, since Jan 2026
Operator
Fair Oil, Ltd.
County
Franklin County
Field
MT. Vernon (Pettit)
RRC lease
06-16168

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Where it sits

This county

Franklin CountyFranklinWoodMorrisHopkinsDeltaRed RiverLamarTitusCampRainsFranklin County
Franklin County
Oil in Jul 2026
418 bbl
Reporting since
Jan 2026
First check

Production started January 2026; the first check is due by about May 31, 2026 (estimate).

When is my first royalty check due?

Production by month

Oil output fell 13% since Jan 2026

Oil output fell 13% since Jan 2026Monthly oil production for MT. VERNON (PETTIT) UNIT, Jan 2026 to Jul 2026. Oil output fell 13% since Jan 2026. Monthly average of 402 bbl in the latest 3 months, against 463 bbl in the first 3.bbl per month0200400600800Oct 25Jan 26AprJul
Oil output fell 13% since Jan 2026Monthly oil production for MT. VERNON (PETTIT) UNIT, Jan 2026 to Jul 2026. Oil output fell 13% since Jan 2026. Monthly average of 402 bbl in the latest 3 months, against 463 bbl in the first 3.bbl per month0200400600800Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

No gas disposition reported for this lease

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

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers100Sep 1, 2026–
Plains Marketing, L.p.OilGathers100Jan 1, 2026Sep 1, 2026

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

80 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 80 and 93.07 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    10 wells are listed on this lease

    Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for MT. Vernon (Pettit) Unit
API numberWell no.Acreson the permit
42-159-30594180
42-159-3059440180
42-159-30629284.65
42-159-3062920184.65
42-159-3059210180
42-159-3056730180.50
42-159-30644150180
42-159-3057450180
42-159-3055860193.07
42-159-004691101–

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

7 months, newest first

Ledger for MT. VERNON (PETTIT) UNIT
MonthOil producedbblOil soldbblWTI$/bblHenry Hub$/MMBtu
Jul 2026418683$80.46$2.89
Jun 2026392165$84.81$3.15
May 2026395497$102.13$2.94
Apr 2026429546$100.32$2.77
Mar 2026394442$91.38$3.04
Feb 2026552245$64.51$3.62
Jan 202644355$60.04$7.72

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorFair Oil, Ltd.FieldMT. Vernon (Pettit)CountyFranklin County

Fair Oil, Ltd. in Franklin County

No other producing leases from this operator in this county are in our data yet.

MT. Vernon (Pettit) field

No other producing leases in this field are in our data yet.

New drilling permits in Franklin County

Newest in the county: this lease has no coordinates.