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Texas oil lease

Producing

NUTSHELL 403

Nutshell 403 is an oil lease in Yoakum County, Texas, operated by Burk Royalty Co., Ltd. in the Platang (San Andres) field.

3 wells

54,861bbl oil, last 12 months−32% vs prior year
Operator
Burk Royalty Co., Ltd.
County
Yoakum County
Field
Platang (San Andres)
RRC lease
8A-71298

206 royalty accounts on the county roll

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Gas, last 12 months
173,743 mcf
Oil in Aug 2026
3,683 bbl
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  • Operator

    Operator changed: Burk Royalty Co., Ltd. took over from Steward Energy II, LLC in Mar 2025.

  • P-5

    The previous operator's P-5 registration is listed as inactive since May 19, 2026 (last P-5 filed Nov 5, 2025).

SourceRailroad Commission production, P-5 and P-4 records, data through Aug 2026.

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Wells on this lease and around it

Where the state's map puts this lease's 3 wells, and what has been drilled or permitted within about 2 miles of them.
Map of the Nutshell 403 lease in Yoakum County, Texas: its 3 wells ringed, among 56 wells and 1 recent drilling location in a picture about 6 miles across.
  • This lease3Its wells, ringed on the map: all producing
  • Drilling locations1Permits issued in the last two years
  • Producing wells43On a lease reporting production now
  • Not producing9Shut in, inactive or no lease on record
  • Plugged4The state's wellbore record says plugged

The 3 ringed dots are this lease's wells, each where the Railroad Commission's map puts it. The other dots are wells and drilling permits of the last 24 months on the land around it; the counts are for everything in the picture, which is about 6 miles across. The thin brown lines are the original land surveys; where there is room, a survey carries its abstract number, the number deeds and division orders cite. Sources: Railroad Commission of Texas well layers, drilling permit files and survey lines, US Census Bureau county outlines, base map from USGS The National Map.

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A one-page map of this lease to print, for a lawyer, a buyer or a probate file.

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You may show this map on any site, unchanged. Keep the credit line and its link to Royalty Clerk under the map. The picture updates by itself as the state records new wells and permits.

Download the picture (WebP)
<a href="https://royaltyclerk.com/texas/leases/nutshell-403-8a-71298"><img src="https://royaltyclerk.com/maps/lease-wells/nutshell-403-8a-71298.svg" alt="Map of the Nutshell 403 lease in Yoakum County, Texas: its 3 wells ringed, among 56 wells and 1 recent drilling location in a picture about 6 miles across." width="1000" height="951" loading="lazy" style="max-width:100%;height:auto;border:0"></a>
<p style="margin:4px 0 0;font-size:14px">Map: <a href="https://royaltyclerk.com/texas/leases/nutshell-403-8a-71298">Wells on the Nutshell 403 lease, Yoakum County, Texas</a> by Royalty Clerk, from Railroad Commission of Texas records</p>

Production by month

Oil output fell 32% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 32% over the last 12 monthsMonthly oil production and gas for NUTSHELL 403, Sep 2023 to Aug 2026. Oil output fell 32% over the last 12 months. 54,861 bbl in the 12 months through Aug 2026, against 80,616 bbl in the 12 months before.Last 12 months: 54,861 bblbbl per monthmcf per month005,0005,00010k10k15k15k20k20k25k25kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 32% over the last 12 monthsMonthly oil production and gas for NUTSHELL 403, Sep 2023 to Aug 2026. Oil output fell 32% over the last 12 months. 54,861 bbl in the 12 months through Aug 2026, against 80,616 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,0005,00010k10k15k15k20k20k25k25kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Aug 2026.

From the state record

What owners ask about Nutshell 403

When is the check for August 2026 due?
August 2026 is the newest month the state has posted for this lease. Texas law gives the payor until 60 days after the end of the sale month for oil and 90 for gas: the oil by Oct 30, 2026 and the gas by Nov 29, 2026, unless the lease sets another time.
Source: Railroad Commission production reports; Texas Natural Resources Code §91.402.
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Which Texas production tax rate applies?
The Texas Comptroller lists no approved exemption or reduced rate for this lease for August 2026, so the full 4.6% on oil and 7.5% on gas applies.
Source: Texas Comptroller, approved severance tax exemptions.
Check the tax on your stub
Who buys the oil and gas?
Oil: Stakeholder Ms Crude Oil Pl LLC, Oasis Transp & Marketing Corp. and Sentinel Transportation, LLC gather it. Gas from oil wells: Stakeholder Gas Services, LLC buys it; Stakeholder Gas Utility, LLC gathers it. The buyer's price is what a royalty check is figured on.
Source: Railroad Commission Form P-4, gatherers and purchasers.
See every buyer and past buyers
How many 1099s should an owner expect for 2025?
Two companies filed this lease's reports behind 2025 checks: Steward Energy II, LLC and Burk Royalty Co., Ltd.. An owner paid by more than one of them gets a form from each. The operator is not always the company that pays, so go by the names on the stubs.
Source: Railroad Commission production reports, operator of record by month.
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Free tools, already on this lease

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33 years of state records, 1993–2026

NUTSHELL 403 since 2022

We read every monthly report the Railroad Commission holds, back to January 1993. This lease first reported in October 2022. It filed 47 monthly reports through August 2026.

Sold since 2022

$46.7 million

What the whole lease’s oil and gas sold for at each month’s public prices, before tax and the operator’s deductions. A royalty owner’s share is their decimal of it.

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Oil sold
571,056 bbl
Gas sold
846,202 mcf
Best year
2023$18.9 million sold
Last report
Aug 2026First: Oct 2022

Its best year was 2023: $18.9 million of oil and gas sold

Each bar is what the lease’s oil and gas sold for that year, at that month’s prices. 2026 is only part of a year in the records, drawn lighter.

  • Oil
  • Gas
Its best year was 2023: $18.9 million of oil and gas soldNutshell 403: oil and gas sold each year from 2022 to 2026, at each month's prices. Its best year was 2023: $18.9 million of oil and gas sold.Sold each year, at each month’s prices$0$5M$10M$15M$20MPeak 2023: $19M20222023202420252026
Its best year was 2023: $18.9 million of oil and gas soldNutshell 403: oil and gas sold each year from 2022 to 2026, at each month's prices. Its best year was 2023: $18.9 million of oil and gas sold.Sold each year, at each month’s prices$0$5M$10M$15M$20MPeak 2023: $19M'22'23'24'25'26

SourceTexas Railroad Commission Production Data Query, every monthly report since January 1993; EIA monthly WTI and Henry Hub prices (before 1997, EIA's yearly Texas natural gas wellhead price), through August 2026.

Every year as a table
Nutshell 403: oil and gas sold each year
YearMonthsOil sold, bblGas sold, mcfSold for
2026 *834,31197,639$3,223,446
20251269,363209,101$5,301,205
202412115,472139,787$9,194,070
202312237,978302,499$18,943,472
20223113,93297,176$10,040,907

* Part of the year: the records run through August 2026.

Where the gas went

Since Jun 2025 the lease's gas goes to a processing plant instead of a transmission line

Flaring peaked at 81.0% of the gas in Sep 2024.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Jun 2025 the lease's gas goes to a processing plant instead of a transmission lineShare of NUTSHELL 403 gas by disposition code each month, Sep 2023 to Aug 2026. Since Jun 2025 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 81.0% of the gas in Sep 2024.Share of the lease’s gas by disposition code, per month0%50%100%Jun 2025: line to plantFlared 81.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jun 2025 the lease's gas goes to a processing plant instead of a transmission lineShare of NUTSHELL 403 gas by disposition code each month, Sep 2023 to Aug 2026. Since Jun 2025 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 81.0% of the gas in Sep 2024.Share of gas by disposition code0%50%100%Jun 25: line to plantFlared 81.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Aug 2026.

  • Processing plant (3)

    96% · 167,440 mcf

  • Flared (4)

    3.6% · 6,303 mcf

3.6% of the gas flared in the last 12 months. 17 months above 3%.

Who has run this lease

The operator changed once, most recently in Mar 2025

Operators of this lease over timeSteward Energy II, LLC, Oct 2022 to Feb 2025; Burk Royalty Co., Ltd., Mar 2025 to Aug 20262023202420252026Changed Mar 2025Steward Energy II, LLCOct 2022 to Feb 2025Burk Royalty Co., Ltd.Mar 2025 to now
Operators of this lease over timeSteward Energy II, LLC, Oct 2022 to Feb 2025; Burk Royalty Co., Ltd., Mar 2025 to Aug 20262023202420252026Changed Mar 2025Steward Energy II, LLCOct 2022 to Feb 2025Burk Royalty Co., Ltd.Mar 2025 to now

SourceTexas Railroad Commission Production Data Query, through Aug 2026.

3 wells on this lease

Wells on NUTSHELL 403
API numberWellStatusCompleted
42-501-37410Nutshell 403 2HActiveOct 4, 2022
42-501-37411Nutshell 403 1HActiveOct 7, 2022
42-501-37432Nutshell 403 3HActiveMay 3, 2023

SourceTexas Railroad Commission production records and full wellbore file.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Stakeholder Ms Crude Oil Pl LLCOilGathers98Oct 7, 2022
Oasis Transp & Marketing Corp.OilGathers1Oct 7, 2022
Sentinel Transportation, LLCOilGathers1Oct 7, 2022
Stakeholder Gas Services, LLCCasinghead gasBuys100Oct 7, 2022
Stakeholder Gas Utility, LLCCasinghead gasGathers100Oct 7, 2022

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

Who buys my oilOil price check

320 acres on the newest permit

Check your decimal on this lease
Permits for Nutshell 403
API numberWell no.Acreson the permit
42-501-374323H320
42-501-374102H320
42-501-374111H320

SourceRailroad Commission drilling permits, Oct 31, 2026 (source 1, source 2).

Unit decimal checker

On the Yoakum County roll

Yoakum County Appraisal District

2026 roll
Owners
207
Accounts
209
Appraised in all
$6.5M$6,506,987

Each square is one account

  • Royalty206
  • Overriding royalty2
  • Working interest1

SourceYoakum County Appraisal District, 2026 mineral roll (source), read Oct 7, 2026. Accounts matched to this lease by RRC number or lease name; no owner is named.

Estimate your royalty

36 months, newest first

Ledger for NUTSHELL 403
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Aug 2026Burk Royalty3,6833,6319,9449,145799$83.90$2.78
Jul 2026Burk Royalty4,3954,49311,78910,3031,486$80.46$2.89
Jun 2026Burk Royalty3,8223,85111,3299,5831,746$84.81$3.15
May 2026Burk Royalty4,0694,03312,20211,487715$102.13$2.94
Apr 2026Burk Royalty4,6594,64713,81313,509304$100.32$2.77
Mar 2026Burk Royalty4,3834,50414,12813,513615$91.38$3.04
Feb 2026Burk Royalty4,3594,35914,13414,1340$64.51$3.62
Jan 2026Burk Royalty4,8424,79316,00815,96543$60.04$7.72
Dec 2025Burk Royalty4,9674,91516,49416,186308$57.97$4.26
Nov 2025Burk Royalty4,9715,06217,65217,6520$60.06$3.79
Oct 2025Burk Royalty5,4675,42717,99717,96532$60.89$3.19
Sep 2025Burk Royalty5,2445,22418,25317,998255$63.96$2.97
Aug 2025Burk Royalty5,4725,50518,68418,62163$64.86$2.91
Jul 2025Burk Royalty5,8985,99118,50718,41295$68.39$3.20
Jun 2025Burk Royalty5,9355,79618,49818,037461$68.17$3.02
May 2025Burk Royalty6,2516,23320,04620,0460$62.17$3.12
Apr 2025Burk Royalty5,7845,77116,60015,5361,064$63.54$3.42
Mar 2025Burk Royalty6,2256,27916,63214,7341,898$68.24$4.12
Feb 2025Steward Energy5,9685,99216,12516,08342$71.53$4.19
Jan 2025Steward Energy7,1407,16817,90217,83171$75.74$4.13
Dec 2024Steward Energy7,7577,61218,91418,9140$70.12$3.01
Nov 2024Steward Energy7,5347,62518,9119,7359,176$69.95$2.12
Oct 2024Steward Energy8,3638,37920,6587,39213,266$71.99$2.20
Sep 2024Steward Energy8,2898,17920,2473,85216,395$70.24$2.28
Aug 2024Steward Energy9,5549,46722,1487,02815,120$76.68$1.99
Jul 2024Steward Energy8,7558,84518,1774,35613,821$81.80$2.07
Jun 2024Steward Energy9,6729,65718,9837,18911,794$79.77$2.54
May 2024Steward Energy10,26210,28019,4049,5429,862$80.02$2.12
Apr 2024Steward Energy11,18711,11719,67518,5951,080$85.35$1.60
Mar 2024Steward Energy10,64710,73819,20518,943262$81.28$1.49
Feb 2024Steward Energy10,73810,80319,05618,604452$77.25$1.72
Jan 2024Steward Energy12,79312,77020,56215,6374,925$74.15$3.18
Dec 2023Steward Energy12,85012,75920,42420,121303$71.90$2.52
Nov 2023Steward Energy13,22513,20720,21619,791425$77.69$2.71
Oct 2023Steward Energy13,67513,67721,61220,828784$85.64$2.98
Sep 2023Steward Energy12,93513,02824,24224,006236$89.43$2.64

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Aug 2026. Prices: EIA, through Oct 2026. Updated Oct 30, 2026.

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Nearby

This lease belongs to

OperatorBurk Royalty Co., Ltd.FieldPlatang (San Andres)CountyYoakum County

Burk Royalty Co., Ltd. in Yoakum County

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