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Royalty Clerk

Texas oil lease · RRC district 7B · Lease 32670

Producing

RAILEY UNIT

Railey Unit is an oil lease in Fisher County, Texas, operated by Walsh & Watts, Inc. in the Sylvester, East (Strawn) field. The Railroad Commission shows 13,068 bbl of oil in the 12 months through Jun 2026.

Oil lease dossier · 1 well

13,068bbl oil, last 12 months−34% vs prior year
Operator
Walsh & Watts, Inc.
County
Fisher County
Field
Sylvester, East (Strawn)
RRC lease
7B-32670

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Where it sits

This county

Fisher CountyFisherStonewallKentJonesScurryHaskellFisher County
Fisher County · RRC district 7BOpen Fisher County →
Gas, last 12 months
80,050 mcf
Oil in Jun 2026
836 bbl
Reporting to the state
since Feb 2023
Wells
1

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 34% over the last 12 months

11,644 bbl in the 12 months through Jul 2026, against 17,627 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 34% over the last 12 monthsMonthly oil production and gas for RAILEY UNIT, Aug 2023 to Jul 2026. Oil output fell 34% over the last 12 months. 11,644 bbl in the 12 months through Jul 2026, against 17,627 bbl in the 12 months before.Last 12 months: 11,644 bblbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020k5,00025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 34% over the last 12 monthsMonthly oil production and gas for RAILEY UNIT, Aug 2023 to Jul 2026. Oil output fell 34% over the last 12 months. 11,644 bbl in the 12 months through Jul 2026, against 17,627 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020k5,00025kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 32670, district 7B. 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 Apr 2024 the lease's gas goes to a transmission line 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. Flaring peaked at 32.0% of the gas in Jun 2026.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plantShare of RAILEY UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2024 the lease's gas goes to a transmission line 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. Flaring peaked at 32.0% of the gas in Jun 2026.Share of the lease’s gas by disposition code, per month0%50%100%Apr 2024: plant to lineFlared 32.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Apr 2024 the lease's gas goes to a transmission line instead of a processing plantShare of RAILEY UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2024 the lease's gas goes to a transmission line 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. Flaring peaked at 32.0% of the gas in Jun 2026.Share of gas by disposition code0%50%100%Apr 24: plant to lineFlared 32.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 32670, district 7B. 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.

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, 12.4% of the gas was flared. 11 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 Mar 2024

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 timePeregrine Petroleum Prtnr, Ltd., Feb 2023 to Feb 2024; Walsh & Watts, Inc., Mar 2024 to Jun 2026202420252026Changed Mar 2024Peregrine Petroleum Prtnr, Lt…Feb 2023 to Feb 2024Walsh & Watts, Inc.Mar 2024 to now
Operators of this lease over timePeregrine Petroleum Prtnr, Ltd., Feb 2023 to Feb 2024; Walsh & Watts, Inc., Mar 2024 to Jun 2026202420252026Changed Mar 2024Peregrine Petroleum Prtnr, Ltd.Feb 2023 to Feb 2024Walsh & Watts, Inc.Mar 2024 to now

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

Wells

1 well on this lease

Every well the Railroad Commission links to oil lease 32670 in district 7B. The API number is the state’s ID for a well.
Wells on RAILEY UNIT
API numberWell no.Status
42-151-33262B001HActive

SourceTexas Railroad Commission Wellbore Query, district 7B, lease 32670.

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

    Explore Logistics LLC gathers it.

    100% of it, on the list since Apr 1, 2025

Companies that used to be listed: Energy Trans Crude Marketing LLC (gathers it, until Apr 1, 2025).

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

659.68 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
11 not plugged
Horizontal
1
First completion
Feb 11, 2023
Latest permit
Jun 2, 2022
Wells and acres on the permits for Railey Unit
API numberWell no.Acreson the permit
42-151-33262B001H659.68

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 RAILEY 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.

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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 RAILEY UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Walsh &8366846,2664,2582,008$84.81$3.15
May 2026Walsh &9631,0647,1996,782417$102.13$2.94
Apr 2026Walsh &9577466,3094,8101,499$100.32$2.77
Mar 2026Walsh &1,0021,1615,8924,5341,358$91.38$3.04
Feb 2026Walsh &9741,1645,7235,058665$64.51$3.62
Jan 2026Walsh &9497115,3645,3640$60.04$7.72
Dec 2025Walsh &1,0911,1426,6596,60950$57.97$4.26
Nov 2025Walsh &1,0771,1166,5325,926606$60.06$3.79
Oct 2025Walsh &1,2331,1207,1045,7531,351$60.89$3.19
Sep 2025Walsh &1,2661,2747,4437,41528$63.96$2.97
Aug 2025Walsh &1,2961,3167,5446,0231,521$64.86$2.91
Jul 2025Walsh &1,4241,4558,0157,596419$68.39$3.20
Jun 2025Walsh &1,4971,5327,8577,559298$68.17$3.02
May 2025Walsh &1,7311,4958,4898,42663$62.17$3.12
Apr 2025Walsh &1,5831,4827,4106,0671,343$63.54$3.42
Mar 2025Walsh &011000$68.24$4.12
Feb 2025Walsh &1,1051,3606,2546,2540$71.53$4.19
Jan 2025Walsh &1,6441,5368,6048,6040$75.74$4.13
Dec 2024Walsh &1,5701,5469,1449,1440$70.12$3.01
Nov 2024Walsh &1,5561,9229,6009,6000$69.95$2.12
Oct 2024Walsh &1,7381,50011,80811,8080$71.99$2.20
Sep 2024Walsh &1,8301,85112,02312,0230$70.24$2.28
Aug 2024Walsh &1,9491,92512,61312,6130$76.68$1.99
Jul 2024Walsh &2,0942,15313,37613,3760$81.80$2.07
Jun 2024Walsh &2,1571,85512,57312,5730$79.77$2.54
May 2024Walsh &2,3502,66013,06613,0660$80.02$2.12
Apr 2024Walsh &2,6082,30413,12313,1230$85.35$1.60
Mar 2024Walsh &2,6842,92514,09614,0960$81.28$1.49
Feb 2024Peregrine Petroleum2,7172,52113,66413,6640$77.25$1.72
Jan 2024Peregrine Petroleum3,1573,43514,44814,4480$74.15$3.18
Dec 2023Peregrine Petroleum3,3573,54916,10716,05354$71.90$2.52
Nov 2023Peregrine Petroleum3,5053,17216,93316,9330$77.69$2.71
Oct 2023Peregrine Petroleum3,9364,18617,76117,7610$85.64$2.98
Sep 2023Peregrine Petroleum4,1754,07220,67820,6780$89.43$2.64
Aug 2023Peregrine Petroleum4,6424,73722,55022,5500$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

OperatorWalsh & Watts, Inc.FieldSylvester, East (Strawn)CountyFisher County

Walsh & Watts, Inc. in Fisher County

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Sylvester, East (Strawn) field

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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 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 32670, district 7B, 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.