Skip to content
Royalty Clerk

Texas oil lease

Producing

THE KING 45-04 D

The King 45-04 D is an oil lease in Howard County, Texas, operated by Crescent Energy Operating, LLC in the Spraberry (Trend Area) field.

3 wells

73,178bbl oil, last 12 months−33% vs prior year
Operator
Crescent Energy Operating, LLC
County
Howard County
Field
Spraberry (Trend Area)
RRC lease
08-58370

Is your check right?

Check my statement

Where it sits

This county

Howard CountyHowardMitchellMartinScurryDawsonBordenHoward County
Howard County
Gas, last 12 months
485,009 mcf
Oil in Jun 2026
5,742 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Crescent Energy Operating, LLC took over from Vital Energy, Inc. in Jan 2026.

  • Buyer

    Buyer changed: ET GATHERING & PROCESSING LLC replaced ETC GAS PROCESSING, LLC as the buyer of this lease's gas from oil wells on Mar 1, 2026.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Oil output fell 33% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 33% over the last 12 monthsMonthly oil production and gas for THE KING 45-04 D, Aug 2023 to Jul 2026. Oil output fell 33% over the last 12 months. 65,353 bbl in the 12 months through Jul 2026, against 98,191 bbl in the 12 months before.Last 12 months: 65,353 bblbbl per monthmcf per month0010k20k20k40k30k60k40k80kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 33% over the last 12 monthsMonthly oil production and gas for THE KING 45-04 D, Aug 2023 to Jul 2026. Oil output fell 33% over the last 12 months. 65,353 bbl in the 12 months through Jul 2026, against 98,191 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k20k20k40k30k60k40k80kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

98% of the gas went to a transmission line in the last 12 months

Flaring peaked at 19.0% of the gas in May 2024.

  • Transmission line (2)
  • Flared (4)
98% of the gas went to a transmission line in the last 12 monthsShare of THE KING 45-04 D gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a transmission line in the last 12 months. Flaring peaked at 19.0% of the gas in May 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 19.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
98% of the gas went to a transmission line in the last 12 monthsShare of THE KING 45-04 D gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a transmission line in the last 12 months. Flaring peaked at 19.0% of the gas in May 2024.Share of gas by disposition code0%50%100%Flared 19.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    98% · 473,169 mcf

  • Flared (4)

    2.4% · 11,840 mcf

2.4% of the gas flared in the last 12 months. 13 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in Jan 2026

Operators of this lease over timeLaredo Petroleum, Inc., Dec 2022 to Jan 2023; Vital Energy, Inc., Feb 2023 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 20262023202420252026Changed Feb 2023Changed Jan 2026Laredo Petroleum, Inc.Dec 2022 to Jan 2023Vital Energy, Inc.Feb 2023 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now
Operators of this lease over timeLaredo Petroleum, Inc., Dec 2022 to Jan 2023; Vital Energy, Inc., Feb 2023 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 20262023202420252026Changed Feb 2023Changed Jan 2026Laredo Petroleum, Inc.Dec 2022 to Jan 2023Vital Energy, Inc.Feb 2023 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on THE KING 45-04 D
API numberWell no.Status
42-227-416904SAActive
42-227-416914MSActive
42-227-416924SSActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dk Trading & Supply, LLCOilGathers100Aug 2, 2022–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Nov 1, 2024–
Etc Gas Processing, LLCCasinghead gasBuys100Nov 1, 2024Mar 1, 2026
Wtg Gas Processing, LLCCasinghead gasGathers100Aug 2, 2022Nov 1, 2024
Wtg Gas Processing, LLCCasinghead gasBuys100Aug 2, 2022Nov 1, 2024

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

Who buys my oilOil price check

647.48 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Good to know

    The wells on this lease state different acreage

    The permits state between 647 and 647.48 acres. Use the acres from your own division order for the well you are paid on.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for The King 45-04 D
API numberWell no.Acreson the permit
42-227-416924SS647.48
42-227-416904SA647
42-227-416914MS647.48

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

What Crescent Energy Company told investors it received

Crescent Energy Operating, LLC is linked to Crescent Energy Company (CRGY).
Realized prices reported by Crescent Energy Company
QuarterOil$ per bblFiling
Q1 2026$71.00SEC filing
Q4 2025$62.21SEC filing
Q3 2025$63.07SEC filing
Q2 2025$61.47SEC filing
Q1 2025$67.64SEC filing
Q4 2024$67.51SEC filing

SourceCrescent Energy Company quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for THE KING 45-04 D
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Crescent Energy5,7425,71645,23144,677554$84.81$3.15
May 2026Crescent Energy5,9915,96044,09143,311780$102.13$2.94
Apr 2026Crescent Energy3,6563,64630,55830,52137$100.32$2.77
Mar 2026Crescent Energy3,9603,99235,34635,151195$91.38$3.04
Feb 2026Crescent Energy5,3715,44540,08539,175910$64.51$3.62
Jan 2026Crescent Energy5,6495,68140,82739,972855$60.04$7.72
Dec 2025Vital Energy,6,6276,62742,05141,98269$57.97$4.26
Nov 2025Vital Energy,6,6206,63141,99441,9940$60.06$3.79
Oct 2025Vital Energy,7,3657,37643,81337,3396,474$60.89$3.19
Sep 2025Vital Energy,6,8526,84339,29437,4071,887$63.96$2.97
Aug 2025Vital Energy,7,5207,47939,06438,99866$64.86$2.91
Jul 2025Vital Energy,7,8257,76942,65542,64213$68.39$3.20
Jun 2025Vital Energy,4,3694,37829,59729,109488$68.17$3.02
May 2025Vital Energy,5,7165,74941,07436,5174,557$62.17$3.12
Apr 2025Vital Energy,6,5506,57547,19842,6634,535$63.54$3.42
Mar 2025Vital Energy,7,3337,29343,97041,3532,617$68.24$4.12
Feb 2025Vital Energy,5,4805,53036,28936,21772$71.53$4.19
Jan 2025Vital Energy,8,6938,71548,36743,0135,354$75.74$4.13
Dec 2024Vital Energy,9,6089,61650,21843,5496,669$70.12$3.01
Nov 2024Vital Energy,10,75210,72448,60947,4341,175$69.95$2.12
Oct 2024Vital Energy,10,59510,63147,27847,23246$71.99$2.20
Sep 2024Vital Energy,10,92910,87045,05844,927131$70.24$2.28
Aug 2024Vital Energy,10,34110,37848,71747,0351,682$76.68$1.99
Jul 2024Vital Energy,11,94012,02554,52953,752777$81.80$2.07
Jun 2024Vital Energy,13,36713,34058,66158,478183$79.77$2.54
May 2024Vital Energy,15,12815,11762,92050,94511,975$80.02$2.12
Apr 2024Vital Energy,15,66315,59863,30858,3734,935$85.35$1.60
Mar 2024Vital Energy,16,95016,96067,98567,777208$81.28$1.49
Feb 2024Vital Energy,17,58617,61866,51959,0607,459$77.25$1.72
Jan 2024Vital Energy,21,95021,93768,15867,754404$74.15$3.18
Dec 2023Vital Energy,23,60323,68879,32976,0463,283$71.90$2.52
Nov 2023Vital Energy,24,56524,69373,12863,10810,020$77.69$2.71
Oct 2023Vital Energy,27,31927,37277,55677,219337$85.64$2.98
Sep 2023Vital Energy,32,80832,77769,80069,469331$89.43$2.64
Aug 2023Vital Energy,33,56133,56163,09662,393703$81.39$2.58

No report filed Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

How to check your stub against this lease Checks stopped on this lease? See the likely reasons

Do your checks match this lease?

Check my statement

Nearby

This lease belongs to

OperatorCrescent Energy Operating, LLCFieldSpraberry (Trend Area)CountyHoward County

Crescent Energy Operating, LLC in Howard County

All Crescent Energy Operating, LLC leases →

Spraberry (Trend Area) field

All leases in this field →

Leases within 10 km

Drilling permits within 10 km