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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 07332

Producing

SMITH

Smith is an oil lease in Ward County, Texas, operated by Two P Partners, LLC in the Ward-Estes, North field. The Railroad Commission shows 5,336 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 13 wells

5,336bbl oil, last 12 months−37% vs prior year
Operator
Two P Partners, LLC
County
Ward County
Field
Ward-Estes, North
RRC lease
08-07332

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Where it sits

This county

Ward CountyWardWinklerCraneLovingReevesEctorWard County
Ward County · RRC district 08Open Ward County →
Gas, last 12 months
394 mcf
Oil in Jul 2026
362 bbl
Reporting to the state
since Jan 2020
Wells
13

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 37% over the last 12 months

5,336 bbl in the 12 months through Jul 2026, against 8,427 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 37% over the last 12 monthsMonthly oil production and gas for SMITH, Aug 2023 to Jul 2026. Oil output fell 37% over the last 12 months. 5,336 bbl in the 12 months through Jul 2026, against 8,427 bbl in the 12 months before.Last 12 months: 5,336 bblbbl per monthmcf per month00250505001007501501,000200Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 37% over the last 12 monthsMonthly oil production and gas for SMITH, Aug 2023 to Jul 2026. Oil output fell 37% over the last 12 months. 5,336 bbl in the 12 months through Jul 2026, against 8,427 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00250505001007501501,000200Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 07332, 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.

  • Transmission line (2)
  • Flared (4)
All of the gas went to a transmission line in the last 12 monthsShare of SMITH 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 SMITH 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 07332, 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.

Flared (4)

Burned off or vented, not sold. It pays no royalty. More than 3% in a month is worth watching.

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 timeFour Corners Petroleum II, LLC, Jan 2020 to Dec 2020; Two P Partners, LLC, Jan 2021 to Jul 20262020202120222023202420252026Changed Jan 2021Four Corners Petroleum II, LLCJan 2020 to Dec 2020Two P Partners, LLCJan 2021 to now
Operators of this lease over timeFour Corners Petroleum II, LLC, Jan 2020 to Dec 2020; Two P Partners, LLC, Jan 2021 to Jul 20262020202120222023202420252026Changed Jan 2021Four Corners Petroleum II, LLCJan 2020 to Dec 2020Two P Partners, LLCJan 2021 to now

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

Wells

13 wells on this lease

Every well the Railroad Commission links to oil lease 07332 in district 08. The API number is the state’s ID for a well.
Wells on SMITH
API numberWell no.Status
42-475-006453Active
42-475-0076610Active
42-475-007679WActive
42-475-007688Active
42-475-007697Active
42-475-007706WActive
42-475-009271Active
42-475-3576114Active
42-475-3576212Active
42-475-3576313Active
42-475-3605815Active
42-475-3638316Active
42-475-3638417Active

SourceTexas Railroad Commission Wellbore Query, district 08, lease 07332.

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

    Oasis Transp & Marketing Corp. gathers it.

    100% of it, on the list since Jan 1, 2024

  • Gas from oil wells

    Targa Midstream Services LLC buys and gathers it.

    Targa Midstream Services LLC buys it: 100% of it, on the list since Nov 1, 2018 · Targa Midstream Services LLC gathers it: 100% of it, on the list since Nov 1, 2018

Companies that used to be listed: Anchor Crude Marketing, LLC (gathers it, until Jan 1, 2024); Rio Energy International, Inc. (gathers it, until May 1, 2023); Gibson Energy Marketing, LLC (gathers it, until Oct 1, 2022).

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

420 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
266 not plugged
Horizontal
0
First completion
Mar 11, 1947
Latest permit
Feb 19, 2013

The wells on this lease state different acreage

The permits state between 100 and 420 acres. Use the acres from your own division order for the well you are paid on.

26 wells are listed on this lease

Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

Wells and acres on the permits for Smith
API numberWell no.Acreson the permit
42-475-3638316420
42-475-3638417420
42-475-3605815420
42-475-3576313100
42-475-3576114100
42-475-3576212100
42-475-006422WA–
42-475-006422WB–
42-475-006444–
42-475-006453–
42-475-0076511–
42-475-0076511W–

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 SMITH 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 SMITH
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Two P36237029290$80.46$2.89
Jun 2026Two P39138234340$84.81$3.15
May 2026Two P39939642420$102.13$2.94
Apr 2026Two P40941329290$100.32$2.77
Mar 2026Two P40140416160$91.38$3.04
Feb 2026Two P37337111110$64.51$3.62
Jan 2026Two P44344431310$60.04$7.72
Dec 2025Two P52652548480$57.97$4.26
Nov 2025Two P50551249490$60.06$3.79
Oct 2025Two P53352742420$60.89$3.19
Sep 2025Two P49849636360$63.96$2.97
Aug 2025Two P49649327270$64.86$2.91
Jul 2025Two P57958922220$68.39$3.20
Jun 2025Two P61762029290$68.17$3.02
May 2025Two P67866938380$62.17$3.12
Apr 2025Two P50650830300$63.54$3.42
Mar 2025Two P64965033330$68.24$4.12
Feb 2025Two P65365734340$71.53$4.19
Jan 2025Two P70771042420$75.74$4.13
Dec 2024Two P86487435350$70.12$3.01
Nov 2024Two P84184049490$69.95$2.12
Oct 2024Two P86285336351$71.99$2.20
Sep 2024Two P84083337361$70.24$2.28
Aug 2024Two P63163076760$76.68$1.99
Jul 2024Two P5215021161160$81.80$2.07
Jun 2024Two P350363110$79.77$2.54
May 2024Two P489499110$80.02$2.12
Apr 2024Two P572561110$85.35$1.60
Mar 2024Two P541546220$81.28$1.49
Feb 2024Two P504521110$77.25$1.72
Jan 2024Two P56655291910$74.15$3.18
Dec 2023Two P61560895950$71.90$2.52
Nov 2023Two P6206181311310$77.69$2.71
Oct 2023Two P7527661971970$85.64$2.98
Sep 2023Two P73773725250$89.43$2.64
Aug 2023Two P761752000$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

OperatorTwo P Partners, LLCFieldWard-Estes, NorthCountyWard County

Two P Partners, LLC in Ward County

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Ward-Estes, North field

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 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 07332, 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.