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Royalty Clerk

Texas oil lease · RRC district 02 · Lease 12509

Producing

RTC

RTC is an oil lease in Bee County, Texas, operated by Paleo Oil Company LLC in the Pawnee (Slick) field. The Railroad Commission shows 22,140 bbl of oil in the 12 months through Jun 2026.

Oil lease dossier · 2 wells

22,140bbl oil, last 12 months+134% vs prior year
Operator
Paleo Oil Company LLC
County
Bee County
Field
Pawnee (Slick)
RRC lease
02-12509

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Where it sits

This county

Bee CountyBeeGoliadRefugioKarnesSan PatricioLive OakBee County
Bee County · RRC district 02Open Bee County →
Oil in Jun 2026
304 bbl
Reporting to the state
since Jul 2022
Wells
2
Data through
Jun 2026

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 134% over the last 12 months

19,036 bbl in the 12 months through Jul 2026, against 8,145 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 rose 134% over the last 12 monthsMonthly oil production and gas for RTC, Aug 2023 to Jul 2026. Oil output rose 134% over the last 12 months. 19,036 bbl in the 12 months through Jul 2026, against 8,145 bbl in the 12 months before.Last 12 months: 19,036 bblbbl per monthmcf per month001,000102,000203,000304,00040Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 134% over the last 12 monthsMonthly oil production and gas for RTC, Aug 2023 to Jul 2026. Oil output rose 134% over the last 12 months. 19,036 bbl in the 12 months through Jul 2026, against 8,145 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,000102,000203,000304,00040Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 12509, district 02. 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 lease fuel in the 2 months reported

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

All of the gas went to lease fuel in the 2 months reportedShare of RTC gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to lease fuel in the 2 months reported. Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to lease fuel in the 2 months reportedShare of RTC gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to lease fuel in the 2 months reported. Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 12509, district 02. 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.

None of the gas was flared in the 2 months reported.

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.

Paleo Oil Company LLC has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timePaleo Oil Company LLC, Jul 2022 to Jun 20262023202420252026Paleo Oil Company LLCJul 2022 to nowthrough Jul 2026
Operators of this lease over timePaleo Oil Company LLC, Jul 2022 to Jun 20262023202420252026Paleo Oil Company LLCJul 2022 to nowthrough Jul 2026

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

Wells

2 wells on this lease

Every well the Railroad Commission links to oil lease 12509 in district 02. The API number is the state’s ID for a well.
Wells on RTC
API numberWell no.Status
42-025-319444Active
42-025-340181Active

SourceTexas Railroad Commission Wellbore Query, district 02, lease 12509.

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

    Dorado Oil Company gathers it.

    100% of it, on the list since Jul 15, 2022

  • Gas from oil wells

    Paleo Oil Company LLC buys and gathers it.

    Paleo Oil Company LLC buys it: 100% of it, on the list since Apr 1, 2024 · Paleo Oil Company LLC gathers it: 100% of it, on the list since Apr 1, 2024

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

146 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
22 not plugged
Horizontal
0
First completion
Jul 15, 2022
Latest permit
May 31, 2024

The wells on this lease state different acreage

The permits state between 116.16 and 146 acres. Use the acres from your own division order for the well you are paid on.

Wells and acres on the permits for RTC
API numberWell no.Acreson the permit
42-025-319444146
42-025-340181116.16

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 RTC 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.

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 RTC
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Paleo Oil304394000$84.81$3.15
May 2026Paleo Oil336194000$102.13$2.94
Apr 2026Paleo Oil331197000$100.32$2.77
Mar 2026Paleo Oil1,3751,358000$91.38$3.04
Feb 2026Paleo Oil1,4011,543000$64.51$3.62
Jan 2026Paleo Oil2,3222,126000$60.04$7.72
Dec 2025Paleo Oil2,0962,341000$57.97$4.26
Nov 2025Paleo Oil2,3682,340000$60.06$3.79
Oct 2025Paleo Oil2,5202,521000$60.89$3.19
Sep 2025Paleo Oil2,7812,685000$63.96$2.97
Aug 2025Paleo Oil3,2023,141000$64.86$2.91
Jul 2025Paleo Oil3,1043,040000$68.39$3.20
Jun 2025Paleo Oil2,9953,053000$68.17$3.02
May 2025Paleo Oil195192000$62.17$3.12
Apr 2025Paleo Oil203373000$63.54$3.42
Mar 2025Paleo Oil215171000$68.24$4.12
Feb 2025Paleo Oil194172000$71.53$4.19
Jan 2025Paleo Oil211198000$75.74$4.13
Dec 2024Paleo Oil222198000$70.12$3.01
Nov 2024Paleo Oil1480000$69.95$2.12
Oct 2024Paleo Oil224195000$71.99$2.20
Sep 2024Paleo Oil213197000$70.24$2.28
Aug 2024Paleo Oil221371000$76.68$1.99
Jul 2024Paleo Oil214195000$81.80$2.07
Jun 2024Paleo Oil181197000$79.77$2.54
May 2024Paleo Oil1811883100$80.02$2.12
Apr 2024Paleo Oil1851933000$85.35$1.60
Mar 2024Paleo Oil190383000$81.28$1.49
Feb 2024Paleo Oil175193000$77.25$1.72
Jan 2024Paleo Oil182196000$74.15$3.18
Dec 2023Paleo Oil206172000$71.90$2.52
Nov 2023Paleo Oil201196000$77.69$2.71
Oct 2023Paleo Oil286380000$85.64$2.98
Sep 2023Paleo Oil352366000$89.43$2.64
Aug 2023Paleo Oil513378000$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

OperatorPaleo Oil Company LLCFieldPawnee (Slick)CountyBee County

Paleo Oil Company LLC in Bee County

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Pawnee (Slick) field

No other producing leases in this field are in our data yet.

Leases within 10 km

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 12509, district 02, 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.