Skip to content
Royalty Clerk

Texas oil lease · RRC district 02 · Lease 12961

Producing

RTC

RTC is an oil lease in Bee County, Texas, operated by Paleo Oil Company LLC in the Pawnee, S. (Lulling) field. The Railroad Commission shows 28,047 bbl of oil in the 12 months through Jun 2026.

Oil lease dossier · 2 wells

28,047bbl oil, last 12 months
Operator
Paleo Oil Company LLC
County
Bee County
Field
Pawnee, S. (Lulling)
RRC lease
02-12961

Own a share of this lease?

Is your check right?

Upload a check stub or a phone photo. We compare every month with the state numbers on this page.

Check my statement

Free. No account needed. Two to four pages.

Where it sits

This county

Bee CountyBeeGoliadRefugioKarnesSan PatricioLive OakBee County
Bee County · RRC district 02Open Bee County →
Oil in Jun 2026
2,231 bbl
Reporting to the state
since Nov 2024
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 3,078% since Nov 2024

Monthly average of 2,511 bbl in the latest 3 months, against 79 bbl in the first 3. 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 3,078% since Nov 2024Monthly oil production and gas for RTC, Nov 2024 to Jul 2026. Oil output rose 3,078% since Nov 2024. Monthly average of 2,511 bbl in the latest 3 months, against 79 bbl in the first 3.Last 12 months: 24,793 bblbbl per monthmcf per month001,000202,000403,000604,00080Jan 25AprJulOctJan 26AprJul
Oil output rose 3,078% since Nov 2024Monthly oil production and gas for RTC, Nov 2024 to Jul 2026. Oil output rose 3,078% since Nov 2024. Monthly average of 2,511 bbl in the latest 3 months, against 79 bbl in the first 3.Last 12 monthsbbl per monthmcf per month001,000202,000403,000604,00080Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 12961, 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, Nov 2024 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%Jan 25AprJulOctJan 26AprJul
All of the gas went to lease fuel in the 2 months reportedShare of RTC gas by disposition code each month, Nov 2024 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 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 12961, 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, Nov 2024 to Jun 202620252026Paleo Oil Company LLCNov 2024 to nowthrough Jul 2026
Operators of this lease over timePaleo Oil Company LLC, Nov 2024 to Jun 202620252026Paleo Oil Company LLCNov 2024 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 12961 in district 02. The API number is the state’s ID for a well.
Wells on RTC
API numberWell no.Status
42-025-340252Active
42-025-340713Active

SourceTexas Railroad Commission Wellbore Query, district 02, lease 12961.

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 Mar 20, 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
Mar 20, 2024
Latest permit
Jan 30, 2025
Wells and acres on the permits for RTC
API numberWell no.Acreson the permit
42-025-340713146
42-025-340252146

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

21 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 Oil2,2312,330000$84.81$3.15
May 2026Paleo Oil2,4882,541000$102.13$2.94
Apr 2026Paleo Oil2,8132,873000$100.32$2.77
Mar 2026Paleo Oil1,9591,951000$91.38$3.04
Feb 2026Paleo Oil1,5201,344000$64.51$3.62
Jan 2026Paleo Oil1,7411,762000$60.04$7.72
Dec 2025Paleo Oil1,9321,944000$57.97$4.26
Nov 2025Paleo Oil2,2482,303000$60.06$3.79
Oct 2025Paleo Oil2,4152,451000$60.89$3.19
Sep 2025Paleo Oil2,4482,478000$63.96$2.97
Aug 2025Paleo Oil2,9982,735000$64.86$2.91
Jul 2025Paleo Oil3,2543,180000$68.39$3.20
Jun 2025Paleo Oil3,2453,196000$68.17$3.02
May 2025Paleo Oil3,3013,523000$62.17$3.12
Apr 2025Paleo Oil00000$63.54$3.42
Mar 2025Paleo Oil00000$68.24$4.12
Feb 2025Paleo Oil20000$71.53$4.19
Jan 2025Paleo Oil00000$75.74$4.13
Dec 2024Paleo Oil7305600$70.12$3.01
Nov 2024Paleo Oil16406500$69.95$2.12

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).

Check your statements

Do your checks match this lease?

Upload your statements for RTC. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Paleo Oil Company LLC.

Check my statementTry a sample owner
  • A month that was never paid
  • Your share of the barrels and mcf
  • The price against WTI and Henry Hub
  • Fees taken on gas
  • Late payment interest

Around this lease

Walk the neighborhood

Everything on this page connects to the operator, field and county records. Start from any of them.

This lease belongs to

OperatorPaleo Oil Company LLCFieldPawnee, S. (Lulling)CountyBee County

Paleo Oil Company LLC in Bee County

All Paleo Oil Company LLC leases →

Pawnee, S. (Lulling) field

  • LOPEZ

    21,107 bbl last 12 months

  • POGUE

    4,121 bbl last 12 months

All leases in this field →

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 12961, 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.