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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 24088

Producing

RICHARDS, D. E.

Richards, D. E. is an oil lease in Martin County, Texas, operated by Cutbow Operating, LLC in the Spraberry (Trend Area) field. The Railroad Commission shows 9,188 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 3 wells

9,188bbl oil, last 12 months−10% vs prior year
Operator
Cutbow Operating, LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-24088

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County · RRC district 08Open Martin County →
Gas, last 12 months
15,865 mcf
Oil in Jul 2026
1,338 bbl
Reporting to the state
since Jan 2020
Wells
3

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 10% over the last 12 months

9,188 bbl in the 12 months through Jul 2026, against 10,202 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 10% over the last 12 monthsMonthly oil production and gas for RICHARDS, D. E., Aug 2023 to Jul 2026. Oil output fell 10% over the last 12 months. 9,188 bbl in the 12 months through Jul 2026, against 10,202 bbl in the 12 months before.Last 12 months: 9,188 bblbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 10% over the last 12 monthsMonthly oil production and gas for RICHARDS, D. E., Aug 2023 to Jul 2026. Oil output fell 10% over the last 12 months. 9,188 bbl in the 12 months through Jul 2026, against 10,202 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 24088, 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 processing plant 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 processing plant in the last 12 monthsShare of RICHARDS, D. E. gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant 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 processing plant in the last 12 monthsShare of RICHARDS, D. E. gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant 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 24088, district 08. 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.

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.

The operator changed once, most recently in Jan 2021

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 timeParsley Energy Operations, LLC, Jan 2020 to Dec 2020; Cutbow Operating, LLC, Jan 2021 to Jul 20262020202120222023202420252026Changed Jan 2021Parsley Energy Operations, LLCJan 2020 to Dec 2020Cutbow Operating, LLCJan 2021 to now
Operators of this lease over timeParsley Energy Operations, LLC, Jan 2020 to Dec 2020; Cutbow Operating, LLC, Jan 2021 to Jul 20262020202120222023202420252026Changed Jan 2021Parsley Energy Operations, LLCJan 2020 to Dec 2020Cutbow Operating, LLCJan 2021 to now

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

Wells

3 wells on this lease

Every well the Railroad Commission links to oil lease 24088 in district 08. The API number is the state’s ID for a well.
Wells on RICHARDS, D. E.
API numberWell no.Status
42-317-315301Shut-in
42-317-382322Active
42-317-382603Active

SourceTexas Railroad Commission Wellbore Query, district 08, lease 24088.

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 Jun 1, 2023

Companies that used to be listed: Dcp Operating Company, LP (gathers it, until Jun 1, 2023); Dcp Operating Company, LP (buys it, until Jun 1, 2023); Transoil Marketing, LLC (gathers it, until Jun 1, 2023).

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

160 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
32 not plugged
Horizontal
0
First completion
Jun 1, 1976
Latest permit
Dec 11, 2012
Wells and acres on the permits for Richards, D. E.
API numberWell no.Acreson the permit
42-317-382603160
42-317-382322160
42-317-315301–

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 RICHARDS, D. E. 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 RICHARDS, D. E.
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Cutbow Operating,1,3381,0323,6983,6980$80.46$2.89
Jun 2026Cutbow Operating,1,3181,4243,1193,1190$84.81$3.15
May 2026Cutbow Operating,1,3031,4682,7462,7460$102.13$2.94
Apr 2026Cutbow Operating,1,1871,0462,1992,1990$100.32$2.77
Mar 2026Cutbow Operating,9637351,3501,3500$91.38$3.04
Feb 2026Cutbow Operating,2315452052050$64.51$3.62
Jan 2026Cutbow Operating,9447187897890$60.04$7.72
Dec 2025Cutbow Operating,1,2041,4341,1531,1530$57.97$4.26
Nov 2025Cutbow Operating,6983766066060$60.06$3.79
Oct 2025Cutbow Operating,00000$60.89$3.19
Sep 2025Cutbow Operating,00000$63.96$2.97
Aug 2025Cutbow Operating,22000$64.86$2.91
Jul 2025Cutbow Operating,7109031,7211,7210$68.39$3.20
Jun 2025Cutbow Operating,6947402,4312,4310$68.17$3.02
May 2025Cutbow Operating,1,4881,2332,2262,2260$62.17$3.12
Apr 2025Cutbow Operating,00000$63.54$3.42
Mar 2025Cutbow Operating,5989211,6171,6170$68.24$4.12
Feb 2025Cutbow Operating,7805591,7911,7910$71.53$4.19
Jan 2025Cutbow Operating,5747421,4311,4310$75.74$4.13
Dec 2024Cutbow Operating,1,0451,1112,5102,5100$70.12$3.01
Nov 2024Cutbow Operating,1,2111,1043,5833,5830$69.95$2.12
Oct 2024Cutbow Operating,1,2621,2803,3603,3600$71.99$2.20
Sep 2024Cutbow Operating,1,1141,2563,4723,4720$70.24$2.28
Aug 2024Cutbow Operating,7265475,7635,7630$76.68$1.99
Jul 2024Cutbow Operating,1,1451,2584,2314,2310$81.80$2.07
Jun 2024Cutbow Operating,1,1551,0583,6973,6970$79.77$2.54
May 2024Cutbow Operating,1,1251,0733,3743,3740$80.02$2.12
Apr 2024Cutbow Operating,1,1141,0722,9062,9060$85.35$1.60
Mar 2024Cutbow Operating,1,1651,1122,0912,0910$81.28$1.49
Feb 2024Cutbow Operating,7069061,4301,4300$77.25$1.72
Jan 2024Cutbow Operating,1,0669222,0202,0200$74.15$3.18
Dec 2023Cutbow Operating,1,0491,0941,7921,7920$71.90$2.52
Nov 2023Cutbow Operating,1,0431,12124240$77.69$2.71
Oct 2023Cutbow Operating,1,1211,0863883880$85.64$2.98
Sep 2023Cutbow Operating,1,4401,4531,2991,2990$89.43$2.64
Aug 2023Cutbow Operating,1,1811,0951,2001,2000$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

OperatorCutbow Operating, LLCFieldSpraberry (Trend Area)CountyMartin County

Cutbow Operating, LLC in Martin County

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Spraberry (Trend Area) field

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Leases within 10 km

Found by the location of their wells.

  • FAYE 26

    4,086 bbl last 12 months · 0.6 km away

  • CARLILE

    3,039 bbl last 12 months · 0.6 km away

  • RIO 27-15 Y

    111,265 bbl last 12 months · 0.8 km away

  • RIO 27-15 F

    62,552 bbl last 12 months · 0.8 km away

  • RIO 27-15 C

    88,678 bbl last 12 months · 0.8 km away

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 24088, 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.