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Royalty Clerk

Texas oil lease · RRC district 09 · Lease 21930

Producing

SPEARS

Spears is an oil lease in Hardeman County, Texas, operated by Cobra Oil & Gas Corporation in the Berry (Miss.) field. The Railroad Commission shows 1,157 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

1,157bbl oil, last 12 months+32% vs prior year
Operator
Cobra Oil & Gas Corporation
County
Hardeman County
Field
Berry (Miss.)
RRC lease
09-21930

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Where it sits

This county

Hardeman CountyHardemanCottleChildressFoardWilbargerHardeman County
Hardeman County · RRC district 09Open Hardeman County →
Oil in Jul 2026
107 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 32% over the last 12 months

1,157 bbl in the 12 months through Jul 2026, against 876 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Last 12 months
Oil output rose 32% over the last 12 monthsMonthly oil production for SPEARS, Aug 2023 to Jul 2026. Oil output rose 32% over the last 12 months. 1,157 bbl in the 12 months through Jul 2026, against 876 bbl in the 12 months before.Last 12 months: 1,157 bblbbl per month050100150200Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 32% over the last 12 monthsMonthly oil production for SPEARS, Aug 2023 to Jul 2026. Oil output rose 32% over the last 12 months. 1,157 bbl in the 12 months through Jul 2026, against 876 bbl in the 12 months before.Last 12 monthsbbl per month050100150200Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 21930, district 09. 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.

The operator changed once, most recently in Dec 2022

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 timeStephens & Johnson Operating Co., Jan 2020 to Nov 2022; Cobra Oil & Gas Corporation, Dec 2022 to Jul 20262020202120222023202420252026Changed Dec 2022Stephens & Johnson Operating…Jan 2020 to Nov 2022Cobra Oil & Gas CorporationDec 2022 to now
Operators of this lease over timeStephens & Johnson Operating Co., Jan 2020 to Nov 2022; Cobra Oil & Gas Corporation, Dec 2022 to Jul 20262020202120222023202420252026Changed Dec 2022Stephens & Johnson Operating Co.Jan 2020 to Nov 2022Cobra Oil & Gas CorporationDec 2022 to now

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 21930 in district 09. The API number is the state’s ID for a well.
Wells on SPEARS
API numberWell no.Status
42-197-304421Active

SourceTexas Railroad Commission Wellbore Query, district 09, lease 21930.

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

    Energy Trans Crude Marketing LLC gathers it.

    100% of it, on the list since Dec 1, 2022

Companies that used to be listed: Echo Production, Inc. (gathers it, until Dec 1, 2022); Nominator Not Required / Swr 31 (nominates it, until Dec 1, 2022); Echo Production, Inc. (buys it, until Dec 1, 2022); Sunoco Ptnrs. Mktg.&terminals LP (gathers it, until Dec 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

162 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
11 not plugged
Horizontal
0
First completion
Feb 20, 1982
Latest permit
Dec 21, 1981
Wells and acres on the permits for Spears
API numberWell no.Acreson the permit
42-197-304421162

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 SPEARS 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 SPEARS
MonthOil producedbblOil soldbblWTI$ per bblHenry Hub$ per MMBtu
Jul 2026Cobra Oil1070$80.46$2.89
Jun 2026Cobra Oil86188$84.81$3.15
May 2026Cobra Oil1020$102.13$2.94
Apr 2026Cobra Oil101181$100.32$2.77
Mar 2026Cobra Oil1050$91.38$3.04
Feb 2026Cobra Oil96187$64.51$3.62
Jan 2026Cobra Oil1070$60.04$7.72
Dec 2025Cobra Oil110190$57.97$4.26
Nov 2025Cobra Oil112189$60.06$3.79
Oct 2025Cobra Oil910$60.89$3.19
Sep 2025Cobra Oil550$63.96$2.97
Aug 2025Cobra Oil85187$64.86$2.91
Jul 2025Cobra Oil1020$68.39$3.20
Jun 2025Cobra Oil85187$68.17$3.02
May 2025Cobra Oil800$62.17$3.12
Apr 2025Cobra Oil30$63.54$3.42
Mar 2025Cobra Oil87189$68.24$4.12
Feb 2025Cobra Oil970$71.53$4.19
Jan 2025Cobra Oil113188$75.74$4.13
Dec 2024Cobra Oil1270$70.12$3.01
Nov 2024Cobra Oil60157$69.95$2.12
Oct 2024Cobra Oil830$71.99$2.20
Sep 2024Cobra Oil250$70.24$2.28
Aug 2024Cobra Oil140$76.68$1.99
Jul 2024Cobra Oil108174$81.80$2.07
Jun 2024Cobra Oil102149$79.77$2.54
May 2024Cobra Oil1210$80.02$2.12
Apr 2024Cobra Oil108182$85.35$1.60
Mar 2024Cobra Oil128189$81.28$1.49
Feb 2024Cobra Oil1100$77.25$1.72
Jan 2024Cobra Oil129187$74.15$3.18
Dec 2023Cobra Oil127185$71.90$2.52
Nov 2023Cobra Oil120183$77.69$2.71
Oct 2023Cobra Oil1080$85.64$2.98
Sep 2023Cobra Oil460$89.43$2.64
Aug 2023Cobra Oil106169$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

OperatorCobra Oil & Gas CorporationFieldBerry (Miss.)CountyHardeman County

Cobra Oil & Gas Corporation in Hardeman County

All Cobra Oil & Gas Corporation leases →

Berry (Miss.) field

All leases in this field →

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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 21930, district 09, 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.