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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 22532

Producing

SMITH

Smith is an oil lease in Pecos County, Texas, operated by Bustamante Oil Company in the Sheffield Townsite (Connell) field. The Railroad Commission shows 115 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

115bbl oil, last 12 months+19% vs prior year
Operator
Bustamante Oil Company
County
Pecos County
Field
Sheffield Townsite (Connell)
RRC lease
08-22532

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Where it sits

This county

Pecos CountyPecosUptonCranePecos County
Pecos County · RRC district 08Open Pecos County →
Oil in Jul 2026
5 bbl
Reporting to the state
since Jan 2020
Wells
1
Data through
Jul 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 19% over the last 12 months

115 bbl in the 12 months through Jul 2026, against 97 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Last 12 months
Oil output rose 19% over the last 12 monthsMonthly oil production for SMITH, Aug 2023 to Jul 2026. Oil output rose 19% over the last 12 months. 115 bbl in the 12 months through Jul 2026, against 97 bbl in the 12 months before.Last 12 months: 115 bblbbl per month03581013Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 19% over the last 12 monthsMonthly oil production for SMITH, Aug 2023 to Jul 2026. Oil output rose 19% over the last 12 months. 115 bbl in the 12 months through Jul 2026, against 97 bbl in the 12 months before.Last 12 monthsbbl per month03581013Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 22532, 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.

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

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.

Bustamante Oil Company has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeBustamante Oil Company, Jan 2020 to Jul 20262020202120222023202420252026Bustamante Oil CompanyJan 2020 to nowthrough Jul 2026
Operators of this lease over timeBustamante Oil Company, Jan 2020 to Jul 20262020202120222023202420252026Bustamante Oil CompanyJan 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 22532 in district 08. The API number is the state’s ID for a well.
Wells on SMITH
API numberWell no.Status
42-371-306931Active

SourceTexas Railroad Commission Wellbore Query, district 08, lease 22532.

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

    Bml, Inc. B gathers it.

    100% of it, on the list since Aug 1, 2018

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

What the drilling permits say

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
0
First completion
Aug 10, 1972
Latest permit
–
Wells and acres on the permits for Smith
API numberWell no.Acreson the permit
42-371-306931–

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 SMITH sold each month.

For example 0.00097656, or a fraction like 1/1024.

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 SMITH
MonthOil producedbblOil soldbblWTI$ per bblHenry Hub$ per MMBtu
Jul 2026Bustamante Oil50$80.46$2.89
Jun 2026Bustamante Oil60$84.81$3.15
May 2026Bustamante Oil100$102.13$2.94
Apr 2026Bustamante Oil100$100.32$2.77
Mar 2026Bustamante Oil90$91.38$3.04
Feb 2026Bustamante Oil90$64.51$3.62
Jan 2026Bustamante Oil100$60.04$7.72
Dec 2025Bustamante Oil100$57.97$4.26
Nov 2025Bustamante Oil110$60.06$3.79
Oct 2025Bustamante Oil120$60.89$3.19
Sep 2025Bustamante Oil120$63.96$2.97
Aug 2025Bustamante Oil110$64.86$2.91
Jul 2025Bustamante Oil100$68.39$3.20
Jun 2025Bustamante Oil90$68.17$3.02
May 2025Bustamante Oil90$62.17$3.12
Apr 2025Bustamante Oil90$63.54$3.42
Mar 2025Bustamante Oil80$68.24$4.12
Feb 2025Bustamante Oil80$71.53$4.19
Jan 2025Bustamante Oil110$75.74$4.13
Dec 2024Bustamante Oil90$70.12$3.01
Nov 2024Bustamante Oil80$69.95$2.12
Oct 2024Bustamante Oil60$71.99$2.20
Sep 2024Bustamante Oil50$70.24$2.28
Aug 2024Bustamante Oil50$76.68$1.99
Jul 2024Bustamante Oil20$81.80$2.07
Jun 2024Bustamante Oil10$79.77$2.54
May 2024Bustamante Oil20$80.02$2.12
Apr 2024Bustamante Oil10$85.35$1.60
Mar 2024Bustamante Oil20$81.28$1.49
Feb 2024Bustamante Oil10$77.25$1.72
Jan 2024Bustamante Oil50$74.15$3.18
Dec 2023Bustamante Oil60$71.90$2.52
Nov 2023Bustamante Oil60$77.69$2.71
Oct 2023Bustamante Oil50$85.64$2.98
Sep 2023Bustamante Oil50$89.43$2.64
Aug 2023Bustamante Oil00$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).

Check your statements

Do your checks match this lease?

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

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  • A month that was never paid
  • Your share of the barrels and mcf
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  • 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

OperatorBustamante Oil CompanyFieldSheffield Townsite (Connell)CountyPecos County

Bustamante Oil Company in Pecos County

No other producing leases from this operator in this county are in our data yet.

Sheffield Townsite (Connell) field

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

Leases within 10 km

Found by the location of their wells.

  • SMITH 34

    0 bbl last 12 months · 2.2 km away

  • NOELKE 2

    2,131 mcf last 12 months · 3.9 km away

  • NOELKE B

    3,840 mcf last 12 months · 4.2 km away

  • NOELKE "2"

    92 bbl last 12 months · 4.4 km away

  • NOELKE 2

    0 mcf last 12 months · 4.5 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 22532, 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.