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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 62313

Producing

STATE 48

State 48 is an oil lease in Loving County, Texas, operated by Circle-S Energy, LLC in the Sandbar (Bone Spring) field. The Railroad Commission shows 100,265 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 2 wells

100,265bbl oil, last 12 months
Operator
Circle-S Energy, LLC
County
Loving County
Field
Sandbar (Bone Spring)
RRC lease
08-62313

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Where it sits

This county

Loving CountyLovingWinklerWardLoving County
Loving County · RRC district 08Open Loving County →
Gas, last 12 months
185,838 mcf
Oil in Jul 2026
7,800 bbl
Reporting to the state
since Mar 2025
Wells
2

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 59% since Mar 2025

Monthly average of 7,368 bbl in the latest 3 months, against 18,070 bbl in the first 3.

  • Oil (bars, left axis)
  • Gas (line, right axis)
Oil output fell 59% since Mar 2025Monthly oil production and gas for STATE 48, Mar 2025 to Jul 2026. Oil output fell 59% since Mar 2025. Monthly average of 7,368 bbl in the latest 3 months, against 18,070 bbl in the first 3.bbl per monthmcf per month005,00010k10k20k15k30k20k40k25k50kApr 25JulOctJan 26AprJul
Oil output fell 59% since Mar 2025Monthly oil production and gas for STATE 48, Mar 2025 to Jul 2026. Oil output fell 59% since Mar 2025. Monthly average of 7,368 bbl in the latest 3 months, against 18,070 bbl in the first 3.bbl per monthmcf per month005,00010k10k20k15k30k20k40k25k50kJul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 62313, 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.

77% of the gas went to a processing plant in the last 12 months

Flaring peaked at 10.8% of the gas in Mar 2026.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
77% of the gas went to a processing plant in the last 12 monthsShare of STATE 48 gas by disposition code each month, Mar 2025 to Jul 2026. 77% of the gas went to a processing plant in the last 12 months. Flaring peaked at 10.8% of the gas in Mar 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 10.8%Apr 25JulOctJan 26AprJul
77% of the gas went to a processing plant in the last 12 monthsShare of STATE 48 gas by disposition code each month, Mar 2025 to Jul 2026. 77% of the gas went to a processing plant in the last 12 months. Flaring peaked at 10.8% of the gas in Mar 2026.Share of gas by disposition code0%50%100%Flared 10.8%Jul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 62313, district 08. 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.

Lease fuel (1)

Burned to run equipment on the lease. Not sold, so it pays no royalty. A few percent is normal.

Flared (4)

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

Over the last 12 months, 8.7% of the gas was flared. 17 months went above 3%, which we mark in the ledger below.

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.

Circle-S Energy, LLC has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeCircle-S Energy, LLC, Mar 2025 to Jul 20262026Circle-S Energy, LLCMar 2025 to nowthrough Jul 2026
Operators of this lease over timeCircle-S Energy, LLC, Mar 2025 to Jul 20262026Circle-S Energy, LLCMar 2025 to nowthrough Jul 2026

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

Wells

2 wells on this lease

Every well the Railroad Commission links to oil lease 62313 in district 08. The API number is the state’s ID for a well.
Wells on STATE 48
API numberWell no.Status
42-301-36971B 36HActive
42-301-36972B 37HActive

SourceTexas Railroad Commission Wellbore Query, district 08, lease 62313.

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

    Plains Pipeline L.p. gathers it.

    100% of it, on the list since Jul 22, 2024

  • Gas from oil wells

    Oneok Midland Midstream, LLC buys it; Enlink Permian, LLC gathers it.

    Oneok Midland Midstream, LLC buys it: 100% of it, on the list since Apr 1, 2026 · Enlink Permian, LLC gathers it: 100% of it, on the list since Jul 22, 2024

Companies that used to be listed: Delaware G&p LLC (buys it, until Apr 1, 2026).

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

656.15 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
22 not plugged
Horizontal
2
First completion
Jul 22, 2024
Latest permit
Jun 11, 2024
Wells and acres on the permits for State 48
API numberWell no.Acreson the permit
42-301-36971B 36H656.15
42-301-36972B 37H656.15

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 STATE 48 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

17 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 STATE 48
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Circle-S Energy,7,8007,83017,74014,4111,121$80.46$2.89
Jun 2026Circle-S Energy,7,2447,1309,5857,078984$84.81$3.15
May 2026Circle-S Energy,7,0597,03713,5479,9091,140$102.13$2.94
Apr 2026Circle-S Energy,5,8555,79112,6339,3191,316$100.32$2.77
Mar 2026Circle-S Energy,6,5416,51012,1199,0031,313$91.38$3.04
Feb 2026Circle-S Energy,4,3354,5818,4726,791632$64.51$3.62
Jan 2026Circle-S Energy,6,5386,65310,9048,665865$60.04$7.72
Dec 2025Circle-S Energy,10,2179,94019,62915,6631,816$57.97$4.26
Nov 2025Circle-S Energy,10,20710,34518,04414,0421,665$60.06$3.79
Oct 2025Circle-S Energy,10,13510,03619,05015,1851,346$60.89$3.19
Sep 2025Circle-S Energy,11,40011,50521,54416,3741,961$63.96$2.97
Aug 2025Circle-S Energy,12,93413,12522,57117,0721,993$64.86$2.91
Jul 2025Circle-S Energy,13,85314,06821,43615,3762,134$68.39$3.20
Jun 2025Circle-S Energy,15,23215,02226,21318,5082,603$68.17$3.02
May 2025Circle-S Energy,17,35817,45926,69718,6662,649$62.17$3.12
Apr 2025Circle-S Energy,20,16920,13225,77418,7481,272$63.54$3.42
Mar 2025Circle-S Energy,16,68415,98224,73916,6042,323$68.24$4.12

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

OperatorCircle-S Energy, LLCFieldSandbar (Bone Spring)CountyLoving County

Circle-S Energy, LLC in Loving County

All Circle-S Energy, LLC leases →

Sandbar (Bone Spring) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

Drilling permits within 10 km

  • WHITE OAK 53-2 I #4543H

    new drill · horizontal · Pdeh LLC · Loving County · 5.3 km away

    Permit 0918849 · Sep 25, 2026

  • WHITE OAK 53-2 E #4553H

    new drill · horizontal · Pdeh LLC · Loving County · 5.3 km away

    Permit 0918846 · Sep 25, 2026

  • WHITE OAK 53-2 G #4541H

    new drill · horizontal · Pdeh LLC · Loving County · 5.7 km away

    Permit 0918836 · Sep 24, 2026

  • WHITE OAK 53-2 J #4544H

    new drill · horizontal · Pdeh LLC · Loving County · 5.3 km away

    Permit 0918844 · Sep 24, 2026

  • WHITE OAK 53-2 H #4542H

    new drill · horizontal · Pdeh LLC · Loving County · 5.7 km away

    Permit 0918838 · Sep 24, 2026

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 62313, 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.