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Royalty Clerk

Texas oil lease · RRC district 06 · Lease 05897

Producing

NEW HOPE UNIT

New Hope Unit is an oil lease in Franklin County, Texas, operated by J.p. Oil Company, Inc. in the New Hope (Elledge) field. The Railroad Commission shows 23,719 bbl of oil in the 12 months through Jun 2026.

Oil lease dossier · 11 wells

23,719bbl oil, last 12 months−13% vs prior year
Operator
J.p. Oil Company, Inc.
County
Franklin County
Field
New Hope (Elledge)
RRC lease
06-05897

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Where it sits

This county

Franklin CountyFranklinWoodMorrisHopkinsDeltaRed RiverLamarTitusCampRainsFranklin County
Franklin County · RRC district 06Open Franklin County →
Gas, last 12 months
55,485 mcf
Oil in Jun 2026
2,229 bbl
Reporting to the state
since Jan 2020
Wells
11

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 13% over the last 12 months

21,793 bbl in the 12 months through Jul 2026, against 24,985 bbl in the 12 months before. Jul 2026 was not reported. A red cross marks each one.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 13% over the last 12 monthsMonthly oil production and gas for NEW HOPE UNIT, Aug 2023 to Jul 2026. Oil output fell 13% over the last 12 months. 21,793 bbl in the 12 months through Jul 2026, against 24,985 bbl in the 12 months before.Last 12 months: 21,793 bblbbl per monthmcf per month001,0002,0002,0004,0003,0006,0004,0008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 13% over the last 12 monthsMonthly oil production and gas for NEW HOPE UNIT, Aug 2023 to Jul 2026. Oil output fell 13% over the last 12 months. 21,793 bbl in the 12 months through Jul 2026, against 24,985 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 05897, district 06. 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 Nov 2023 the lease's gas goes to a processing plant instead of a transmission line

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 9.4% of the gas in Sep 2024.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Nov 2023 the lease's gas goes to a processing plant instead of a transmission lineShare of NEW HOPE UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a processing plant instead of a transmission line. 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 9.4% of the gas in Sep 2024.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2023: line to plantFlared 9.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2023 the lease's gas goes to a processing plant instead of a transmission lineShare of NEW HOPE UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a processing plant instead of a transmission line. 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 9.4% of the gas in Sep 2024.Share of gas by disposition code0%50%100%Nov 23: line to plantFlared 9.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 05897, district 06. 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, 0.9% of the gas was flared. 6 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.

The operator changed once, most recently in Nov 2023

If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.

Operators of this lease over timeXTO Energy Inc., Jan 2020 to Oct 2023; J.p. Oil Company, Inc., Nov 2023 to Jun 20262020202120222023202420252026Changed Nov 2023XTO Energy Inc.Jan 2020 to Oct 2023J.p. Oil Company, Inc.Nov 2023 to now
Operators of this lease over timeXTO Energy Inc., Jan 2020 to Oct 2023; J.p. Oil Company, Inc., Nov 2023 to Jun 20262020202120222023202420252026Changed Nov 2023XTO Energy Inc.Jan 2020 to Oct 2023J.p. Oil Company, Inc.Nov 2023 to now

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

Wells

11 wells on this lease

Every well the Railroad Commission links to oil lease 05897 in district 06. The API number is the state’s ID for a well.
Wells on NEW HOPE UNIT
API numberWell no.Status
42-159-00489251Shut-in
42-159-00502303Active
42-159-005042103Active
42-159-0054193Shut-in
42-159-30486163Active
42-159-304892202Active
42-159-305381502Active
42-159-30541904Active
42-159-305446802Active
42-159-305452203Active
42-159-305461605Shut-in

SourceTexas Railroad Commission Wellbore Query, district 06, lease 05897.

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

    Dk Trading & Supply, LLC gathers it.

    100% of it, on the list since Jan 1, 2024

Companies that used to be listed: Eastex Crude Company, LLC (gathers it, until Jan 1, 2024); Sulphur River Gathering LLC (gathers it, until Nov 1, 2023); Sulphur River Gathering LLC (buys it, until Nov 1, 2023); Eastex Crude Company (gathers it, until Jan 1, 2023); Midcoast Pipelines (E Tx) L.p. (gathers it, until Feb 1, 2020); Enbridge Pipelines (E. Tx) L.p. (buys it, until Feb 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

5,113.31 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
1816 not plugged
Horizontal
0
First completion
Feb 23, 1944
Latest permit
Mar 28, 2018

A pooling certificate was filed

Your tract may share its production with neighbours in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

The wells on this lease state different acreage

The permits state between 5,113.3 and 6,131.8 acres. Use the acres from your own division order for the well you are paid on.

18 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.

Wells and acres on the permits for New Hope Unit
API numberWell no.Acreson the permit
42-159-005436725,113.31
42-159-00541935,113.31
42-159-3048922025,113.31
42-159-3053815025,113.31
42-159-302406225,113.31
42-159-005496815,113.31
42-159-3054616055,113.31
42-159-005023036,131.80
42-159-3054522036,131.80
42-159-3054468026,131.80
42-159-305419046,131.80
42-159-005311315,113.31

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

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 NEW HOPE UNIT 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 NEW HOPE UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026J.p. Oil2,2292,1944,9334,9303$84.81$3.15
May 2026J.p. Oil1,8451,9685,0975,0970$102.13$2.94
Apr 2026J.p. Oil2,0752,1254,8044,79212$100.32$2.77
Mar 2026J.p. Oil2,2342,1124,9514,92625$91.38$3.04
Feb 2026J.p. Oil2,5342,5364,4424,4402$64.51$3.62
Jan 2026J.p. Oil1,9381,7853,9333,85083$60.04$7.72
Dec 2025J.p. Oil1,7441,6584,3544,3540$57.97$4.26
Nov 2025J.p. Oil1,9101,9875,0715,0710$60.06$3.79
Oct 2025J.p. Oil1,6871,7654,0213,99031$60.89$3.19
Sep 2025J.p. Oil1,7931,7373,3453,034311$63.96$2.97
Aug 2025J.p. Oil1,8041,7915,1615,13625$64.86$2.91
Jul 2025J.p. Oil1,9261,9685,3735,35023$68.39$3.20
Jun 2025J.p. Oil2,0222,0525,0994,837262$68.17$3.02
May 2025J.p. Oil1,9911,8775,0544,763291$62.17$3.12
Apr 2025J.p. Oil1,5981,6064,9674,729238$63.54$3.42
Mar 2025J.p. Oil1,8371,8865,1275,000127$68.24$4.12
Feb 2025J.p. Oil2,1362,0885,1045,02876$71.53$4.19
Jan 2025J.p. Oil2,0702,1185,0304,94288$75.74$4.13
Dec 2024J.p. Oil2,3722,4245,7495,73019$70.12$3.01
Nov 2024J.p. Oil2,2922,4035,7505,69852$69.95$2.12
Oct 2024J.p. Oil2,2042,0155,5195,48930$71.99$2.20
Sep 2024J.p. Oil2,2652,2063,4823,154328$70.24$2.28
Aug 2024J.p. Oil2,2722,4156,0475,887160$76.68$1.99
Jul 2024J.p. Oil1,7371,7356,0225,880142$81.80$2.07
Jun 2024J.p. Oil1,4851,5504,7794,624155$79.77$2.54
May 2024J.p. Oil1,5731,7035,3205,27149$80.02$2.12
Apr 2024J.p. Oil2,0911,6605,3305,3264$85.35$1.60
Mar 2024J.p. Oil1,6261,8985,5425,5420$81.28$1.49
Feb 2024J.p. Oil2,1201,9544,8264,79927$77.25$1.72
Jan 2024J.p. Oil1,3721,4264,1214,1210$74.15$3.18
Dec 2023J.p. Oil2,5942,3805,3585,30553$71.90$2.52
Nov 2023J.p. Oil6465891,7371,7240$77.69$2.71
Oct 2023XTO Energy4404254444413$85.64$2.98
Sep 2023XTO Energy3813872922902$89.43$2.64
Aug 2023XTO Energy4724474104037$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 NEW HOPE UNIT. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask J.p. Oil Company, Inc.

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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

OperatorJ.p. Oil Company, Inc.FieldNew Hope (Elledge)CountyFranklin County

J.p. Oil Company, Inc. in Franklin County

All J.p. Oil Company, Inc. leases →

New Hope (Elledge) field

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

Leases within 10 km

Found by the location of their wells.

New drilling permits in Franklin 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 Jun 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 05897, district 06, 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 NEW HOPE UNIT

Who operates the NEW HOPE UNIT lease?

The Railroad Commission lists J.p. Oil Company, Inc. (operator number 427858) as the operator of this lease in Franklin County, Texas. The operator history on this page shows earlier operators and when the record changed.

How much has the NEW HOPE UNIT lease produced?

The lease reported 23,719 bbl of oil and 55,485 mcf of gas in the last 12 months through Jun 2026. Monthly figures for 35 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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