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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 47203

Producing

REED, E. O.

Reed, E. O. is an oil lease in Pecos County, Texas, operated by Caird Operating, LLC in the Wolfbone (Trend Area) field. The Railroad Commission shows 2,784 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

2,784bbl oil, last 12 months+4% vs prior year
Operator
Caird Operating, LLC
County
Pecos County
Field
Wolfbone (Trend Area)
RRC lease
08-47203

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Where it sits

This county

Pecos CountyPecosUptonCranePecos County
Pecos County · RRC district 08Open Pecos County →
Gas, last 12 months
4,175 mcf
Oil in Jul 2026
234 bbl
Reporting to the state
since Jan 2020
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 rose 4% over the last 12 months

2,784 bbl in the 12 months through Jul 2026, against 2,685 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output rose 4% over the last 12 monthsMonthly oil production and gas for REED, E. O., Aug 2023 to Jul 2026. Oil output rose 4% over the last 12 months. 2,784 bbl in the 12 months through Jul 2026, against 2,685 bbl in the 12 months before.Last 12 months: 2,784 bblbbl per monthmcf per month002002504005006007508001,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 4% over the last 12 monthsMonthly oil production and gas for REED, E. O., Aug 2023 to Jul 2026. Oil output rose 4% over the last 12 months. 2,784 bbl in the 12 months through Jul 2026, against 2,685 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002002504005006007508001,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 47203, district 08. 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.

All of the gas went to a transmission line in the last 12 months

Each bar is one month. Colors are the disposition codes the operator reported.

All of the gas went to a transmission line in the last 12 monthsShare of REED, E. O. gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months. Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a transmission line in the last 12 monthsShare of REED, E. O. gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months. Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 47203, district 08. Reported through Jul 2026.

Transmission line (2)

Sold straight into a pipeline without processing. Processing fees on your statement would be worth asking about.

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.

Caird Operating, LLC has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeCaird Operating, LLC, Jan 2020 to Jul 20262020202120222023202420252026Caird Operating, LLCJan 2020 to nowthrough Jul 2026
Operators of this lease over timeCaird Operating, LLC, Jan 2020 to Jul 20262020202120222023202420252026Caird Operating, LLCJan 2020 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 47203 in district 08. The API number is the state’s ID for a well.
Wells on REED, E. O.
API numberWell no.Status
42-371-335391HActive

SourceTexas Railroad Commission Wellbore Query, district 08, lease 47203.

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

    Rio Energy International, Inc. gathers it.

    100% of it, on the list since Oct 1, 2020

  • Gas from oil wells

    Et Gathering & Processing LLC buys it; Energy Transfer Company gathers it.

    Et Gathering & Processing LLC buys it: 100% of it, on the list since Oct 1, 2023 · Energy Transfer Company gathers it: 100% of it, on the list since Oct 1, 2023

Companies that used to be listed: Energy Transfer Company (gathers it, until Oct 1, 2020); Energy Transfer Company (buys it, until Oct 1, 2020); Bridger Transportation, LLC (gathers it, until Oct 1, 2020); Enterprise Crude Oil LLC (gathers it, until Oct 1, 2020); Ngl Crude Logistics, LLC (gathers it, until Oct 1, 2020).

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

640 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
Mar 2, 2015
Latest permit
Oct 6, 2014
Wells and acres on the permits for Reed, E. O.
API numberWell no.Acreson the permit
42-371-335391H640

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 REED, E. O. 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 REED, E. O.
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Caird Operating,2343164214210$80.46$2.89
Jun 2026Caird Operating,262169000$84.81$3.15
May 2026Caird Operating,35435454900$102.13$2.94
Apr 2026Caird Operating,50651954900$100.32$2.77
Mar 2026Caird Operating,26335927270$91.38$3.04
Feb 2026Caird Operating,10316925250$64.51$3.62
Jan 2026Caird Operating,00110$60.04$7.72
Dec 2025Caird Operating,11919132320$57.97$4.26
Nov 2025Caird Operating,2261705495490$60.06$3.79
Oct 2025Caird Operating,2691657867860$60.89$3.19
Sep 2025Caird Operating,2223323953950$63.96$2.97
Aug 2025Caird Operating,22608418410$64.86$2.91
Jul 2025Caird Operating,3083527147140$68.39$3.20
Jun 2025Caird Operating,4305157347340$68.17$3.02
May 2025Caird Operating,60056560$62.17$3.12
Apr 2025Caird Operating,12917377770$63.54$3.42
Mar 2025Caird Operating,4203456796790$68.24$4.12
Feb 2025Caird Operating,960000$71.53$4.19
Jan 2025Caird Operating,116174110$75.74$4.13
Dec 2024Caird Operating,297333110$70.12$3.01
Nov 2024Caird Operating,196173000$69.95$2.12
Oct 2024Caird Operating,209339000$71.99$2.20
Sep 2024Caird Operating,23718517170$70.24$2.28
Aug 2024Caird Operating,18716514140$76.68$1.99
Jul 2024Caird Operating,23016914140$81.80$2.07
Jun 2024Caird Operating,2523436966960$79.77$2.54
May 2024Caird Operating,2031674994990$80.02$2.12
Apr 2024Caird Operating,2623562552550$85.35$1.60
Mar 2024Caird Operating,2311702382380$81.28$1.49
Feb 2024Caird Operating,2431884124120$77.25$1.72
Jan 2024Caird Operating,2753667737730$74.15$3.18
Dec 2023Caird Operating,2521897397390$71.90$2.52
Nov 2023Caird Operating,2753335265260$77.69$2.71
Oct 2023Caird Operating,2561875985980$85.64$2.98
Sep 2023Caird Operating,2621795245240$89.43$2.64
Aug 2023Caird Operating,3153563063060$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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This lease belongs to

OperatorCaird Operating, LLCFieldWolfbone (Trend Area)CountyPecos County

Caird Operating, LLC in Pecos County

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Wolfbone (Trend Area) field

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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 47203, district 08, 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.