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Royalty Clerk

Texas oil lease · RRC district 06 · Lease 15860

Producing

RAY

Ray is an oil lease in Wood County, Texas, operated by Strand Energy, L.c. in the Crow (Paluxy, Lower) field. The Railroad Commission shows 26,088 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

26,088bbl oil, last 12 months−22% vs prior year
Operator
Strand Energy, L.c.
County
Wood County
Field
Crow (Paluxy, Lower)
RRC lease
06-15860

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Where it sits

This county

Wood CountyWoodFranklinVan ZandtHuntGreggUpshurMorrisHopkinsSmithDeltaTitusCampRainsWood County
Wood County · RRC district 06Open Wood County →
Gas, last 12 months
2,682 mcf
Oil in Jul 2026
2,375 bbl
Reporting to the state
since Apr 2022
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 22% over the last 12 months

26,088 bbl in the 12 months through Jul 2026, against 33,567 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 22% over the last 12 monthsMonthly oil production and gas for RAY, Aug 2023 to Jul 2026. Oil output fell 22% over the last 12 months. 26,088 bbl in the 12 months through Jul 2026, against 33,567 bbl in the 12 months before.Last 12 months: 26,088 bblbbl per monthmcf per month001,0001002,0002003,0003004,0004005,000500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 22% over the last 12 monthsMonthly oil production and gas for RAY, Aug 2023 to Jul 2026. Oil output fell 22% over the last 12 months. 26,088 bbl in the 12 months through Jul 2026, against 33,567 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0001002,0002003,0003004,0004005,000500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 15860, 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.

66% of the gas went to flaring in the last 12 months

Flaring peaked at 88.5% of the gas in Sep 2023.

  • Lease fuel (1)
  • Flared (4)
66% of the gas went to flaring in the last 12 monthsShare of RAY gas by disposition code each month, Aug 2023 to Jul 2026. 66% of the gas went to flaring in the last 12 months. Flaring peaked at 88.5% of the gas in Sep 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 88.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
66% of the gas went to flaring in the last 12 monthsShare of RAY gas by disposition code each month, Aug 2023 to Jul 2026. 66% of the gas went to flaring in the last 12 months. Flaring peaked at 88.5% of the gas in Sep 2023.Share of gas by disposition code0%50%100%Flared 88.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 15860, district 06. Reported through Jul 2026.

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, 66.1% of the gas was flared. 36 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.

Strand Energy, L.c. has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeStrand Energy, L.c., Apr 2022 to Jul 20262023202420252026Strand Energy, L.c.Apr 2022 to nowthrough Jul 2026
Operators of this lease over timeStrand Energy, L.c., Apr 2022 to Jul 20262023202420252026Strand Energy, L.c.Apr 2022 to nowthrough Jul 2026

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 15860 in district 06. The API number is the state’s ID for a well.
Wells on RAY
API numberWell no.Status
42-499-321951Active

SourceTexas Railroad Commission Wellbore Query, district 06, lease 15860.

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 Jul 1, 2022

Companies that used to be listed: Lion Oil Trading & Trans, LLC (gathers it, until Jul 1, 2022).

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

40 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
0
First completion
Dec 1, 2021
Latest permit
Oct 21, 2021
Wells and acres on the permits for Ray
API numberWell no.Acreson the permit
42-499-32195140

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

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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 RAY 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.

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 RAY
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Strand Energy,2,3752,237174031$80.46$2.89
Jun 2026Strand Energy,2,0551,7923230150$84.81$3.15
May 2026Strand Energy,2,2392,4402190175$102.13$2.94
Apr 2026Strand Energy,2,1911,9372020160$100.32$2.77
Mar 2026Strand Energy,2,3132,2882550168$91.38$3.04
Feb 2026Strand Energy,1,8682,0902110136$64.51$3.62
Jan 2026Strand Energy,1,319979143095$60.04$7.72
Dec 2025Strand Energy,1,1881,316134086$57.97$4.26
Nov 2025Strand Energy,2,6472,9212770193$60.06$3.79
Oct 2025Strand Energy,2,7212,4382850198$60.89$3.19
Sep 2025Strand Energy,2,0422,2771830150$63.96$2.97
Aug 2025Strand Energy,3,1302,7822760231$64.86$2.91
Jul 2025Strand Energy,2,8673,1952540212$68.39$3.20
Jun 2025Strand Energy,2,6692,2432340196$68.17$3.02
May 2025Strand Energy,3,1813,3912770233$62.17$3.12
Apr 2025Strand Energy,2,4322,2542130178$63.54$3.42
Mar 2025Strand Energy,3,2213,6873270237$68.24$4.12
Feb 2025Strand Energy,2,8492,6772840209$71.53$4.19
Jan 2025Strand Energy,2,2302,1812260163$75.74$4.13
Dec 2024Strand Energy,2,2452,2262210164$70.12$3.01
Nov 2024Strand Energy,3,0783,0453050224$69.95$2.12
Oct 2024Strand Energy,3,3513,5363360246$71.99$2.20
Sep 2024Strand Energy,2,8652,7102510210$70.24$2.28
Aug 2024Strand Energy,2,5792,7122260190$76.68$1.99
Jul 2024Strand Energy,3,3153,2392880243$81.80$2.07
Jun 2024Strand Energy,2,2552,1082010165$79.77$2.54
May 2024Strand Energy,3,4363,6942970252$80.02$2.12
Apr 2024Strand Energy,3,4703,2432970252$85.35$1.60
Mar 2024Strand Energy,3,7133,7733640271$81.28$1.49
Feb 2024Strand Energy,3,2193,2723120234$77.25$1.72
Jan 2024Strand Energy,3,3893,2683220244$74.15$3.18
Dec 2023Strand Energy,4,0934,2503890296$71.90$2.52
Nov 2023Strand Energy,3,9683,8953780288$77.69$2.71
Oct 2023Strand Energy,4,6334,5614310338$85.64$2.98
Sep 2023Strand Energy,4,7074,8143920347$89.43$2.64
Aug 2023Strand Energy,4,9175,3864510361$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

OperatorStrand Energy, L.c.FieldCrow (Paluxy, Lower)CountyWood County

Strand Energy, L.c. in Wood County

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Crow (Paluxy, Lower) field

All leases in this 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 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 15860, 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.