Texas oil lease · RRC district 7B · Lease 29547
ProducingSPEER
Speer is an oil lease in Stephens County, Texas, operated by Braka Operating, L.L.C. in the Caddo (Duffer) field. The Railroad Commission shows 136 bbl of oil in the 12 months through Jul 2026.
Oil lease dossier · 1 well
- Operator
- Braka Operating, L.L.C.
- County
- Stephens County
- Field
- Caddo (Duffer)
- RRC lease
- 7B-29547
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Where it sits
This county
- Gas, last 12 months
- 1,908 mcf
- Oil in Jul 2026
- 15 bbl
- Reporting to the state
- since Jan 2020
- Wells
- 1
Production
Month by month, from the state record
Oil output rose 97% over the last 12 months
136 bbl in the 12 months through Jul 2026, against 69 bbl in the 12 months before.
- Oil (bars, left axis)
- Gas (line, right axis)
- Last 12 months
SourceTexas Railroad Commission Production Data Query, oil lease 29547, district 7B. Reported through Jul 2026. The state revises recent months.
Gas disposition
Where the gas went
Since Mar 2026 the lease's gas goes to a transmission line instead of a processing plant
Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not.
- Processing plant (3)
- Transmission line (2)
SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 29547, district 7B. Reported through Jul 2026.
Processing plant (3)
Sent to a gas plant that pulls out natural gas liquids. Your statement should show plant products, and may show processing fees.
Transmission line (2)
Sold straight into a pipeline without processing. Processing fees on your statement would be worth asking about.
None of the gas was flared in the last 12 months.
Operator history
Who has run this lease
The operator changed once, most recently in Jan 2026
If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.
- Braka Operating, L.L.C. Jan 2026 to now
- Rainbow Seven Oil & Gas, Inc. Jan 2020 to Dec 2025
SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.
Wells
Wells on this lease
No wells are linked to this lease in our data
Who buys and gathers
Who moves and buys this lease's production
Oil
Transoil Marketing, LLC gathers it.
100% of it, on the list since Oct 26, 2020
Gas from oil wells
Ranger Gas Gathering, L.l.c. buys and gathers it.
Ranger Gas Gathering, L.l.c. buys it: 100% of it, on the list since Apr 1, 2023 · Ranger Gas Gathering, L.l.c. gathers it: 100% of it, on the list since Apr 1, 2023
Companies that used to be listed: Targa Midstream Services LLC (gathers it, until Apr 1, 2023); Targa Midstream Services LLC (buys it, until Apr 1, 2023); Enterprise Crude Oil LLC (gathers it, until Oct 26, 2020).
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.
Unit and wells
80 acres on the newest permit
- Wells on the permits
- 11 not plugged
- Horizontal
- 0
- First completion
- Dec 7, 2004
- Latest permit
- Oct 4, 2004
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-429-36095 | L 4 | Oct 4, 2004 | Dec 7, 2004 | 80 |
Estimator
Estimate your royalty for this lease
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 SPEER 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
An estimate, not your check
Ledger
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | Gas producedmcf | Gas soldmcf, codes 2+3 | Flaredmcf, code 4 | WTI$ per bbl | Henry Hub$ per MMBtu |
|---|---|---|---|---|---|---|---|
| Jul 2026Braka Operating, | 15 | 0 | 156 | 156 | 0 | $80.46 | $2.89 |
| Jun 2026Braka Operating, | 1 | 0 | 152 | 152 | 0 | $84.81 | $3.15 |
| May 2026Braka Operating, | 6 | 0 | 149 | 149 | 0 | $102.13 | $2.94 |
| Apr 2026Braka Operating, | 10 | 0 | 142 | 142 | 0 | $100.32 | $2.77 |
| Mar 2026Braka Operating, | 18 | 0 | 155 | 155 | 0 | $91.38 | $3.04 |
| Feb 2026Braka Operating, | 4 | 0 | 192 | 192 | 0 | $64.51 | $3.62 |
| Jan 2026Braka Operating, | 4 | 0 | 220 | 220 | 0 | $60.04 | $7.72 |
| Dec 2025Rainbow Seven | 38 | 155 | 150 | 150 | 0 | $57.97 | $4.26 |
| Nov 2025Rainbow Seven | 5 | 0 | 139 | 139 | 0 | $60.06 | $3.79 |
| Oct 2025Rainbow Seven | 29 | 0 | 176 | 176 | 0 | $60.89 | $3.19 |
| Sep 2025Rainbow Seven | 4 | 0 | 126 | 126 | 0 | $63.96 | $2.97 |
| Aug 2025Rainbow Seven | 2 | 0 | 151 | 151 | 0 | $64.86 | $2.91 |
| Jul 2025Rainbow Seven | 45 | 0 | 166 | 166 | 0 | $68.39 | $3.20 |
| Jun 2025Rainbow Seven | 1 | 0 | 146 | 146 | 0 | $68.17 | $3.02 |
| May 2025Rainbow Seven | 1 | 0 | 156 | 156 | 0 | $62.17 | $3.12 |
| Apr 2025Rainbow Seven | 0 | 0 | 119 | 119 | 0 | $63.54 | $3.42 |
| Mar 2025Rainbow Seven | 17 | 0 | 158 | 158 | 0 | $68.24 | $4.12 |
| Feb 2025Rainbow Seven | 0 | 0 | 178 | 178 | 0 | $71.53 | $4.19 |
| Jan 2025Rainbow Seven | 3 | 169 | 140 | 140 | 0 | $75.74 | $4.13 |
| Dec 2024Rainbow Seven | 0 | 0 | 112 | 112 | 0 | $70.12 | $3.01 |
| Nov 2024Rainbow Seven | 1 | 0 | 134 | 134 | 0 | $69.95 | $2.12 |
| Oct 2024Rainbow Seven | 0 | 0 | 158 | 158 | 0 | $71.99 | $2.20 |
| Sep 2024Rainbow Seven | 0 | 0 | 181 | 181 | 0 | $70.24 | $2.28 |
| Aug 2024Rainbow Seven | 1 | 0 | 153 | 153 | 0 | $76.68 | $1.99 |
| Jul 2024Rainbow Seven | 1 | 0 | 105 | 105 | 0 | $81.80 | $2.07 |
| Jun 2024Rainbow Seven | 1 | 0 | 166 | 166 | 0 | $79.77 | $2.54 |
| May 2024Rainbow Seven | 0 | 0 | 171 | 171 | 0 | $80.02 | $2.12 |
| Apr 2024Rainbow Seven | 1 | 0 | 165 | 165 | 0 | $85.35 | $1.60 |
| Mar 2024Rainbow Seven | 2 | 0 | 164 | 164 | 0 | $81.28 | $1.49 |
| Feb 2024Rainbow Seven | 1 | 0 | 171 | 171 | 0 | $77.25 | $1.72 |
| Jan 2024Rainbow Seven | 0 | 0 | 176 | 176 | 0 | $74.15 | $3.18 |
| Dec 2023Rainbow Seven | 0 | 0 | 189 | 189 | 0 | $71.90 | $2.52 |
| Nov 2023Rainbow Seven | 5 | 0 | 126 | 126 | 0 | $77.69 | $2.71 |
| Oct 2023Rainbow Seven | 4 | 0 | 147 | 147 | 0 | $85.64 | $2.98 |
| Sep 2023Rainbow Seven | 3 | 0 | 166 | 166 | 0 | $89.43 | $2.64 |
| Aug 2023Rainbow Seven | 15 | 0 | 178 | 178 | 0 | $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 SPEER. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Braka Operating, L.L.C.
- 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
This lease belongs to
Braka Operating, L.L.C. in Stephens County
- ANJEVAN UNIT
3,076 bbl last 12 months
- KEATHLEY, G. W.
1,758 bbl last 12 months
- COPELAND RANCH "C"
32,654 mcf last 12 months
- SCOTT,JOE
18,049 mcf last 12 months
- ROLLINS, J. H.
715 bbl last 12 months
Caddo (Duffer) field
- CORBETT RANCH
1,685 bbl last 12 months
- WRIGHT 'C'
1,766 bbl last 12 months
- J5 RANCH 'C'
1,684 bbl last 12 months
- WRIGHT 'D'
41,495 mcf last 12 months
- JACKSON RANCH "D"
33,168 mcf last 12 months
New drilling permits in Stephens County
We do not have coordinates for this lease, so these are the newest permits in its county.
No recent drilling permits found for this area.
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 29547, district 7B, 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.