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Royalty Clerk

Texas oil lease · RRC district 7C · Lease 12438

Producing

OWENS

Owens is an oil lease in Upton County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field. The Railroad Commission shows 352 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 2 wells

352bbl oil, last 12 months−81% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-12438

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County · RRC district 7COpen Upton County →
Gas, last 12 months
22 mcf
Oil in Jul 2026
73 bbl
Reporting to the state
since Jan 2020
Wells
2

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 81% over the last 12 months

352 bbl in the 12 months through Jul 2026, against 1,830 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 81% over the last 12 monthsMonthly oil production and gas for OWENS, Aug 2023 to Jul 2026. Oil output fell 81% over the last 12 months. 352 bbl in the 12 months through Jul 2026, against 1,830 bbl in the 12 months before.Last 12 months: 352 bblbbl per monthmcf per month0010050200100300150400200500250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 81% over the last 12 monthsMonthly oil production and gas for OWENS, Aug 2023 to Jul 2026. Oil output fell 81% over the last 12 months. 352 bbl in the 12 months through Jul 2026, against 1,830 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010050200100300150400200500250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 12438, district 7C. 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 Jul 2026 the lease's gas goes to lease fuel instead of a processing plant

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.

  • Processing plant (3)
  • Lease fuel (1)
Since Jul 2026 the lease's gas goes to lease fuel instead of a processing plantShare of OWENS gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to lease fuel instead of a processing plant. 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.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: plant to fuelOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to lease fuel instead of a processing plantShare of OWENS gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to lease fuel instead of a processing plant. 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.Share of gas by disposition code0%50%100%Jul 26: plant to fuelJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 12438, district 7C. 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.

Lease fuel (1)

Burned to run equipment on the lease. Not sold, so it pays no royalty. A few percent is normal.

None of the gas was flared in the last 12 months.

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.

Pioneer Natural Res. USA, Inc. has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timePioneer Natural Res. USA, Inc., Jan 2020 to Jul 20262020202120222023202420252026Pioneer Natural Res. USA, Inc.Jan 2020 to nowthrough Jul 2026
Operators of this lease over timePioneer Natural Res. USA, Inc., Jan 2020 to Jul 20262020202120222023202420252026Pioneer Natural Res. USA, Inc.Jan 2020 to nowthrough Jul 2026

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

Wells

2 wells on this lease

Every well the Railroad Commission links to oil lease 12438 in district 7C. The API number is the state’s ID for a well.
Wells on OWENS
API numberWell no.Status
42-461-327301Active
42-461-374533Active

SourceTexas Railroad Commission Wellbore Query, district 7C, lease 12438.

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

    Plains Marketing, L.p. and Plains Pipeline L.p. gather it.

    Plains Marketing, L.p. gathers it: 50% of it, on the list since May 1, 2018 · Plains Pipeline L.p. gathers it: 50% of it, on the list since May 1, 2018

  • Gas from oil wells

    Targa Pipeline Mid-Continent LLC buys and gathers it.

    Targa Pipeline Mid-Continent LLC buys it: 100% of it, on the list since Jun 1, 2015 · Targa Pipeline Mid-Continent LLC gathers it: 100% of it, on the list since Jun 1, 2015

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

96.80 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
21 not plugged
Horizontal
0
First completion
Mar 16, 1988
Latest permit
Jul 1, 2011

The wells on this lease state different acreage

The permits state between 96.8 and 160 acres. Use the acres from your own division order for the well you are paid on.

Wells and acres on the permits for Owens
API numberWell no.Acreson the permit
42-461-37453396.80
42-461-327301160

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

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 OWENS 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 OWENS
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Pioneer Natural736800$80.46$2.89
Jun 2026Pioneer Natural01000$84.81$3.15
May 2026Pioneer Natural83000$102.13$2.94
Apr 2026Pioneer Natural40000$100.32$2.77
Mar 2026Pioneer Natural013000$91.38$3.04
Feb 2026Pioneer Natural175000$64.51$3.62
Jan 2026Pioneer Natural21000$60.04$7.72
Dec 2025Pioneer Natural210000$57.97$4.26
Nov 2025Pioneer Natural041000$60.06$3.79
Oct 2025Pioneer Natural877914140$60.89$3.19
Sep 2025Pioneer Natural6674000$63.96$2.97
Aug 2025Pioneer Natural9391000$64.86$2.91
Jul 2025Pioneer Natural111123000$68.39$3.20
Jun 2025Pioneer Natural868418180$68.17$3.02
May 2025Pioneer Natural4910413170$62.17$3.12
Apr 2025Pioneer Natural10690130100$63.54$3.42
Mar 2025Pioneer Natural154189145210$68.24$4.12
Feb 2025Pioneer Natural186144148360$71.53$4.19
Jan 2025Pioneer Natural139178177530$75.74$4.13
Dec 2024Pioneer Natural246222204800$70.12$3.01
Nov 2024Pioneer Natural202219191710$69.95$2.12
Oct 2024Pioneer Natural216186211870$71.99$2.20
Sep 2024Pioneer Natural169164183630$70.24$2.28
Aug 2024Pioneer Natural1661842241000$76.68$1.99
Jul 2024Pioneer Natural2142292331090$81.80$2.07
Jun 2024Pioneer Natural215193186660$79.77$2.54
May 2024Pioneer Natural1601922361120$80.02$2.12
Apr 2024Pioneer Natural2622142261060$85.35$1.60
Mar 2024Pioneer Natural117112174500$81.28$1.49
Feb 2024Pioneer Natural165195173570$77.25$1.72
Jan 2024Pioneer Natural200192162380$74.15$3.18
Dec 2023Pioneer Natural319309167430$71.90$2.52
Nov 2023Pioneer Natural272267167470$77.69$2.71
Oct 2023Pioneer Natural260236178540$85.64$2.98
Sep 2023Pioneer Natural9012011200$89.43$2.64
Aug 2023Pioneer Natural213241218940$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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Everything on this page connects to the operator, field and county records. Start from any of them.

This lease belongs to

OperatorPioneer Natural Res. USA, Inc.FieldSpraberry (Trend Area)CountyUpton County

Pioneer Natural Res. USA, Inc. in Upton County

All Pioneer Natural Res. USA, Inc. leases →

Spraberry (Trend Area) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

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 12438, district 7C, 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.