Skip to content
Royalty Clerk

Texas oil lease

Producing

READ 34

Read 34 is an oil lease in Howard County, Texas, operated by Paladin Petroleum III, L.L.C. in the Spraberry (Trend Area) field.

2 wells

15,470bbl oil, last 12 months−18% vs prior year
Operator
Paladin Petroleum III, L.L.C.
County
Howard County
Field
Spraberry (Trend Area)
RRC lease
08-54583

Is your check right?

Check my statement

Where it sits

This county

Howard CountyHowardMitchellMartinScurryDawsonBordenHoward County
Howard County
Gas, last 12 months
39,490 mcf
Oil in Jul 2026
1,169 bbl

Production by month

Oil output fell 18% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 18% over the last 12 monthsMonthly oil production and gas for READ 34, Aug 2023 to Jul 2026. Oil output fell 18% over the last 12 months. 15,470 bbl in the 12 months through Jul 2026, against 18,957 bbl in the 12 months before.Last 12 months: 15,470 bblbbl per monthmcf per month001,0002,5002,0005,0003,0007,5004,00010kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 18% over the last 12 monthsMonthly oil production and gas for READ 34, Aug 2023 to Jul 2026. Oil output fell 18% over the last 12 months. 15,470 bbl in the 12 months through Jul 2026, against 18,957 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0002,5002,0005,0003,0007,5004,00010kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Oct 2023 the lease's gas goes to a processing plant instead of a transmission line

  • Processing plant (3)
  • Transmission line (2)
Since Oct 2023 the lease's gas goes to a processing plant instead of a transmission lineShare of READ 34 gas by disposition code each month, Aug 2023 to Jul 2026. Since Oct 2023 the lease's gas goes to a processing plant instead of a transmission line.Share of the lease’s gas by disposition code, per month0%50%100%Oct 2023: line to plantOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Oct 2023 the lease's gas goes to a processing plant instead of a transmission lineShare of READ 34 gas by disposition code each month, Aug 2023 to Jul 2026. Since Oct 2023 the lease's gas goes to a processing plant instead of a transmission line.Share of gas by disposition code0%50%100%Oct 23: line to plantJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on READ 34
API numberWell no.Status
42-227-394601HActive
42-227-408352HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dk Trading & Supply, LLCOilGathers100Jul 1, 2022–
Wtg Gas Processing, LLCCasinghead gasBuys100Jul 1, 2022–
Wtg Gas Processing, LLCCasinghead gasGathers100Jul 1, 2022–
Wtg Gas Processing, L.p.Casinghead gasGathers100Jun 21, 2020Jul 1, 2022
Wtg Gas Processing, L.p.Casinghead gasBuys100Jun 21, 2020Jul 1, 2022
Lion Oil Trading & Trans, LLCOilGathers100Nov 1, 2020Jul 1, 2022
Gibson Energy Marketing, LLCOilGathers100Jun 21, 2020Nov 1, 2020

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

Who buys my oilOil price check

1,280 acres on the newest permit

Permits for Read 34
API numberWell no.Acreson the permit
42-227-408352H1,280
42-227-394601H1,280

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for READ 34
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,1691,0323,6303,6300$80.46$2.89
Jun 20261,5601,4293,8573,8570$84.81$3.15
May 20261,3211,3894,0494,0490$102.13$2.94
Apr 20269371,0674,8784,8780$100.32$2.77
Mar 20268761,0523,2643,2640$91.38$3.04
Feb 20261,0561,2663,2893,2890$64.51$3.62
Jan 20261,0001,2382,8602,8600$60.04$7.72
Dec 20251,2221,2534,2194,2190$57.97$4.26
Nov 20251,0931,4413,3553,3550$60.06$3.79
Oct 20251,7151,4261,4171,4170$60.89$3.19
Sep 20251,6711,5182902900$63.96$2.97
Aug 20251,8501,7224,3824,3820$64.86$2.91
Jul 20251,6691,3967,3297,3290$68.39$3.20
Jun 20251,7781,5968,1258,1250$68.17$3.02
May 20251,4171,4423,2413,2410$62.17$3.12
Apr 20251,3851,4593,9503,9500$63.54$3.42
Mar 20251,7911,6322,7022,7020$68.24$4.12
Feb 20251,7871,956000$71.53$4.19
Jan 20252,1962,191000$75.74$4.13
Dec 20241,0121,4672,9632,9630$70.12$3.01
Nov 20241,9002,2194,7184,7180$69.95$2.12
Oct 20241,6221,7553,1403,1400$71.99$2.20
Sep 20241,0031,4652,8122,8120$70.24$2.28
Aug 20241,3972,1104,5444,5440$76.68$1.99
Jul 20242,3742,3304,5754,5750$81.80$2.07
Jun 20242,2921,9694,6704,6700$79.77$2.54
May 20242,5892,6864,8604,8600$80.02$2.12
Apr 20242,4942,3084,4614,4610$85.35$1.60
Mar 20242,4361,6173,7253,7250$81.28$1.49
Feb 20242,2912,3282,3052,3050$77.25$1.72
Jan 20242,5052,1552,3152,3150$74.15$3.18
Dec 20232,5562,7891,8631,8630$71.90$2.52
Nov 20232,5362,1695,1815,1810$77.69$2.71
Oct 20232,6642,5041,8371,8370$85.64$2.98
Sep 20232,5182,5353,8623,8620$89.43$2.64
Aug 20231,6562,5914,1174,1170$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

How to check your stub against this lease

Do your checks match this lease?

Check my statement

Nearby

This lease belongs to

OperatorPaladin Petroleum III, L.L.C.FieldSpraberry (Trend Area)CountyHoward County

Paladin Petroleum III, L.L.C. in Howard County

All Paladin Petroleum III, L.L.C. leases →

Spraberry (Trend Area) field

All leases in this field →

Leases within 10 km

Drilling permits within 10 km