Skip to content
Royalty Clerk

Texas oil lease

Producing

STATE -16-

State -16- is an oil lease in Reagan County, Texas, operated by L & M Operating, Inc. in the Farmer (San Andres) field.

4 wells

940bbl oil, last 12 months−12% vs prior year
Operator
L & M Operating, Inc.
County
Reagan County
Field
Farmer (San Andres)
RRC lease
7C-11398

Is your check right?

Check my statement

Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
12 mcf
Oil in Jul 2026
41 bbl

Production by month

Oil output fell 12% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 12% over the last 12 monthsMonthly oil production and gas for STATE -16-, Aug 2023 to Jul 2026. Oil output fell 12% over the last 12 months. 940 bbl in the 12 months through Jul 2026, against 1,069 bbl in the 12 months before.Last 12 months: 940 bblbbl per monthmcf per month00500100115012001Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 12% over the last 12 monthsMonthly oil production and gas for STATE -16-, Aug 2023 to Jul 2026. Oil output fell 12% over the last 12 months. 940 bbl in the 12 months through Jul 2026, against 1,069 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00500100115012001Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Aug 2023.

All of the gas went to flaring in the last 12 monthsShare of STATE -16- gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to flaring in the last 12 monthsShare of STATE -16- gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

100.0% of the gas flared in the last 12 months. 36 months above 3%.

4 wells on this lease

Wells on STATE -16-
API numberWell no.Status
42-383-334034Active
42-383-335173Active
42-383-335682Active
42-383-336771Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Shell Trading (Us) CompanyOilGathers100Jan 1, 2011

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

160 acres on the newest permit

The wells on this lease state different acreage

The permits state between 40 and 160 acres.

Permits for State -16-
API numberWell no.Acreson the permit
42-383-336771160
42-383-335682160
42-383-335173160
42-383-33403440

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for STATE -16-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202641165101$80.46$2.89
Jun 20261000101$84.81$3.15
May 202677170101$102.13$2.94
Apr 2026740101$100.32$2.77
Mar 202697169101$91.38$3.04
Feb 20261420101$64.51$3.62
Jan 202665165101$60.04$7.72
Dec 2025750101$57.97$4.26
Nov 2025200101$60.06$3.79
Oct 202581166101$60.89$3.19
Sep 2025910101$63.96$2.97
Aug 202577164101$64.86$2.91
Jul 2025830101$68.39$3.20
Jun 202550165101$68.17$3.02
May 20251280101$62.17$3.12
Apr 202594165101$63.54$3.42
Mar 202598168101$68.24$4.12
Feb 2025740101$71.53$4.19
Jan 202586165101$75.74$4.13
Dec 2024950101$70.12$3.01
Nov 202467164101$69.95$2.12
Oct 20241190101$71.99$2.20
Sep 202483165101$70.24$2.28
Aug 2024920101$76.68$1.99
Jul 202438162101$81.80$2.07
Jun 2024540101$79.77$2.54
May 202482166101$80.02$2.12
Apr 2024740101$85.35$1.60
Mar 2024102165101$81.28$1.49
Feb 2024960101$77.25$1.72
Jan 202495166101$74.15$3.18
Dec 20231090101$71.90$2.52
Nov 202349161101$77.69$2.71
Oct 2023860101$85.64$2.98
Sep 2023580101$89.43$2.64
Aug 202392169101$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

How to check your stub against this lease

Do your checks match this lease?

Check my statement

Nearby

This lease belongs to

OperatorL & M Operating, Inc.FieldFarmer (San Andres)CountyReagan County

L & M Operating, Inc. in Reagan County

All L & M Operating, Inc. leases →

Farmer (San Andres) field

All leases in this field →

Leases within 10 km

Drilling permits within 10 km