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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 24717

No report in 6+ months

STROUD

Stroud is an oil lease in Martin County, Texas, operated by Cutbow Operating, LLC in the Spraberry (Trend Area) field. The Railroad Commission shows 2,378 bbl of oil in the 12 months through Dec 2025.

Oil lease dossier · 1 well

2,378bbl oil, last 12 months−21% vs prior year
Operator
Cutbow Operating, LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-24717

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County · RRC district 08Open Martin County →
Oil in Dec 2025
0 bbl
Reporting to the state
since Jan 2020
Wells
1
Data through
Dec 2025

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 21% over the last 12 months

2,378 bbl in the 12 months through Dec 2025, against 2,997 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Last 12 months
Oil output fell 21% over the last 12 monthsMonthly oil production for STROUD, Jan 2023 to Dec 2025. Oil output fell 21% over the last 12 months. 2,378 bbl in the 12 months through Dec 2025, against 2,997 bbl in the 12 months before.Last 12 months: 2,378 bblbbl per month0100200300400500Jan 23AprJulOctJan 24AprJulOctJan 25AprJulOct
Oil output fell 21% over the last 12 monthsMonthly oil production for STROUD, Jan 2023 to Dec 2025. Oil output fell 21% over the last 12 months. 2,378 bbl in the 12 months through Dec 2025, against 2,997 bbl in the 12 months before.Last 12 monthsbbl per month0100200300400500Jan 23JulJan 24JulJan 25Jul

SourceTexas Railroad Commission Production Data Query, oil lease 24717, 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.

The operator changed once, most recently in Jan 2021

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 timeParsley Energy Operations, LLC, Jan 2020 to Dec 2020; Cutbow Operating, LLC, Jan 2021 to Dec 2025202020212022202320242025Changed Jan 2021Parsley Energy Operations, LLCJan 2020 to Dec 2020Cutbow Operating, LLCJan 2021 to now
Operators of this lease over timeParsley Energy Operations, LLC, Jan 2020 to Dec 2020; Cutbow Operating, LLC, Jan 2021 to Dec 2025202020212022202320242025Changed Jan 2021Parsley Energy Operations, LLCJan 2020 to Dec 2020Cutbow Operating, LLCJan 2021 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 24717 in district 08. The API number is the state’s ID for a well.
Wells on STROUD
API numberWell no.Status
42-317-319371Active

SourceTexas Railroad Commission Wellbore Query, district 08, lease 24717.

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

    Rio Energy International, Inc. gathers it.

    100% of it, on the list since Jul 1, 2024

  • Gas from oil wells

    Targa Pipeline Mid-Continent LLC buys and gathers it.

    Targa Pipeline Mid-Continent LLC buys it: 100% of it, on the list since Jul 1, 2024 · Targa Pipeline Mid-Continent LLC gathers it: 100% of it, on the list since Jul 1, 2024

Companies that used to be listed: Targa Pl Mid-Cont Westtex LLC (gathers it, until Jul 1, 2024); Targa Pl Mid-Cont Westtex LLC (buys it, until Jul 1, 2024); Transoil Marketing, LLC (gathers it, until Jul 1, 2024).

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

160 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
10 not plugged
Horizontal
0
First completion
Oct 8, 1977
Latest permit
Sep 12, 1977
Wells and acres on the permits for Stroud
API numberWell no.Acreson the permit
42-317-319371160

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.

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Estimator

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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 STROUD 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 STROUD
MonthOil producedbblOil soldbblWTI$ per bblHenry Hub$ per MMBtu
Dec 2025Cutbow Operating,00$57.97$4.26
Nov 2025Cutbow Operating,00$60.06$3.79
Oct 2025Cutbow Operating,00$60.89$3.19
Sep 2025Cutbow Operating,1113$63.96$2.97
Aug 2025Cutbow Operating,334346$64.86$2.91
Jul 2025Cutbow Operating,223166$68.39$3.20
Jun 2025Cutbow Operating,309343$68.17$3.02
May 2025Cutbow Operating,353344$62.17$3.12
Apr 2025Cutbow Operating,337337$63.54$3.42
Mar 2025Cutbow Operating,289336$68.24$4.12
Feb 2025Cutbow Operating,290172$71.53$4.19
Jan 2025Cutbow Operating,242299$75.74$4.13
Dec 2024Cutbow Operating,260164$70.12$3.01
Nov 2024Cutbow Operating,280317$69.95$2.12
Oct 2024Cutbow Operating,288317$71.99$2.20
Sep 2024Cutbow Operating,279308$70.24$2.28
Aug 2024Cutbow Operating,273326$76.68$1.99
Jul 2024Cutbow Operating,282172$81.80$2.07
Jun 2024Cutbow Operating,233305$79.77$2.54
May 2024Cutbow Operating,281296$80.02$2.12
Apr 2024Cutbow Operating,241145$85.35$1.60
Mar 2024Cutbow Operating,294303$81.28$1.49
Feb 2024Cutbow Operating,118181$77.25$1.72
Jan 2024Cutbow Operating,168170$74.15$3.18
Dec 2023Cutbow Operating,278343$71.90$2.52
Nov 2023Cutbow Operating,339171$77.69$2.71
Oct 2023Cutbow Operating,334347$85.64$2.98
Sep 2023Cutbow Operating,311334$89.43$2.64
Aug 2023Cutbow Operating,174207$81.39$2.58
Jul 2023Cutbow Operating,218177$76.07$2.55
Jun 2023Cutbow Operating,412471$70.25$2.18
May 2023Cutbow Operating,228139$71.58$2.15
Apr 2023Cutbow Operating,100146$79.45$2.16
Mar 2023Cutbow Operating,191149$73.28$2.31
Feb 2023Cutbow Operating,165334$76.83$2.38
Jan 2023Cutbow Operating,1470$78.12$3.27

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

OperatorCutbow Operating, LLCFieldSpraberry (Trend Area)CountyMartin County

Cutbow Operating, LLC in Martin County

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Spraberry (Trend Area) field

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Leases within 10 km

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 Dec 2025?

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 24717, 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.