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Royalty Clerk

Texas oil lease · RRC district 06 · Lease 13591

Shut in

OLDS

Olds is an oil lease in Wood County, Texas, operated by Gaither Petroleum Corporation in the Midway Lake field.

Oil lease dossier · 3 wells

0bbl oil, last 12 months
Operator
Gaither Petroleum Corporation
County
Wood County
Field
Midway Lake
RRC lease
06-13591

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Where it sits

This county

Wood CountyWoodFranklinVan ZandtHuntGreggUpshurMorrisHopkinsSmithDeltaTitusCampRainsWood County
Wood County · RRC district 06Open Wood County →
Oil in Jul 2026
0 bbl
Reporting to the state
since Jan 2020
Wells
3
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).

No production to chart

The state shows zero oil and zero gas for all 34 months we hold (Aug 2023 to Jul 2026). A lease that is shut in or newly reported looks like this. The ledger below lists each month.

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.

Gaither Petroleum Corporation has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeGaither Petroleum Corporation, Jan 2020 to Jul 20262020202120222023202420252026Gaither Petroleum CorporationJan 2020 to nowthrough Jul 2026
Operators of this lease over timeGaither Petroleum Corporation, Jan 2020 to Jul 20262020202120222023202420252026Gaither Petroleum CorporationJan 2020 to nowthrough Jul 2026

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

Wells

3 wells on this lease

Every well the Railroad Commission links to oil lease 13591 in district 06. The API number is the state’s ID for a well.
Wells on OLDS
API numberWell no.Status
42-499-010876Active
42-499-3084262Shut-in
42-499-31479111Shut-in

SourceTexas Railroad Commission Wellbore Query, district 06, lease 13591.

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

    Energy Trans Crude Marketing LLC, Plains Marketing, L.p. and Wood County gather it.

    Energy Trans Crude Marketing LLC gathers it: 60% of it, on the list since Mar 1, 2026 · Plains Marketing, L.p. gathers it: 30% of it, on the list since Mar 1, 2026 · Wood County gathers it: 10% of it, on the list since Mar 1, 2026

Companies that used to be listed: Dk Trading & Supply, LLC (gathers it, until Mar 1, 2026); Ace Gathering, Inc. (gathers it, until Sep 1, 2024); Lion Oil Trading & Trans, LLC (gathers it, until Sep 1, 2024); Sunoco Ptnrs. Mktg.&terminals LP (gathers it, until Sep 1, 2024).

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

20 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
33 not plugged
Horizontal
0
First completion
Mar 21, 1965
Latest permit
Feb 2, 1998

The wells on this lease state different acreage

The permits state between 20 and 101.5 acres. Use the acres from your own division order for the well you are paid on.

Wells and acres on the permits for Olds
API numberWell no.Acreson the permit
42-499-308426220
42-499-01087620
42-499-31479111101.50

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 OLDS sold each month.

For example 0.00097656, or a fraction like 1/1024.

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 OLDS
MonthOil producedbblOil soldbblWTI$ per bblHenry Hub$ per MMBtu
Jul 2026Gaither Petroleum00$80.46$2.89
Jun 2026Gaither Petroleum00$84.81$3.15
May 2026No report––$102.13$2.94
Apr 2026Gaither Petroleum00$100.32$2.77
Mar 2026Gaither Petroleum00$91.38$3.04
Feb 2026Gaither Petroleum00$64.51$3.62
Jan 2026Gaither Petroleum00$60.04$7.72
Dec 2025Gaither Petroleum00$57.97$4.26
Nov 2025Gaither Petroleum00$60.06$3.79
Oct 2025Gaither Petroleum00$60.89$3.19
Sep 2025Gaither Petroleum00$63.96$2.97
Aug 2025Gaither Petroleum00$64.86$2.91
Jul 2025Gaither Petroleum00$68.39$3.20
Jun 2025Gaither Petroleum00$68.17$3.02
May 2025No report––$62.17$3.12
Apr 2025Gaither Petroleum00$63.54$3.42
Mar 2025Gaither Petroleum00$68.24$4.12
Feb 2025Gaither Petroleum00$71.53$4.19
Jan 2025Gaither Petroleum00$75.74$4.13
Dec 2024Gaither Petroleum00$70.12$3.01
Nov 2024Gaither Petroleum00$69.95$2.12
Oct 2024Gaither Petroleum00$71.99$2.20
Sep 2024Gaither Petroleum00$70.24$2.28
Aug 2024Gaither Petroleum00$76.68$1.99
Jul 2024Gaither Petroleum00$81.80$2.07
Jun 2024Gaither Petroleum00$79.77$2.54
May 2024Gaither Petroleum00$80.02$2.12
Apr 2024Gaither Petroleum00$85.35$1.60
Mar 2024Gaither Petroleum00$81.28$1.49
Feb 2024Gaither Petroleum00$77.25$1.72
Jan 2024Gaither Petroleum00$74.15$3.18
Dec 2023Gaither Petroleum00$71.90$2.52
Nov 2023Gaither Petroleum00$77.69$2.71
Oct 2023Gaither Petroleum00$85.64$2.98
Sep 2023Gaither Petroleum00$89.43$2.64
Aug 2023Gaither Petroleum00$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 OLDS. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Gaither Petroleum Corporation.

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  • A month that was never paid
  • Your share of the barrels and mcf
  • The price against WTI and Henry Hub
  • Fees taken on gas
  • Late payment interest

Around this lease

Walk the neighborhood

Everything on this page connects to the operator, field and county records. Start from any of them.

This lease belongs to

OperatorGaither Petroleum CorporationFieldMidway LakeCountyWood County

Gaither Petroleum Corporation in Wood County

All Gaither Petroleum Corporation leases →

Midway Lake field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

  • UNIT A

    2,493 bbl last 12 months · 0.3 km away

  • ZIEGLER-OLDS

    810 bbl last 12 months · 0.3 km away

  • TRACT 11

    0 bbl last 12 months · 0.4 km away

  • UNIT B

    601 bbl last 12 months · 0.4 km away

  • UNIT E

    504 bbl last 12 months · 0.9 km away

Drilling permits within 10 km

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 13591, 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.