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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 40981

Shut in

THOMAS

Thomas is an oil lease in Martin County, Texas, operated by Avid Energy Assets LLC in the Spraberry (Trend Area) field.

Oil lease dossier · 2 wells

0bbl oil, last 12 months
Operator
Avid Energy Assets LLC
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-40981

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County · RRC district 08Open Martin County →
Oil in Jul 2026
0 bbl
Reporting to the state
since Jan 2020
Wells
2
Data through
Jul 2026

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).

No oil produced in the last 12 months

The last month with output was Jan 2024, at 45 bbl.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
No oil produced in the last 12 monthsMonthly oil production and gas for THOMAS, Aug 2023 to Jul 2026. No oil produced in the last 12 months. The last month with output was Jan 2024, at 45 bbl.Last 12 months: 0 bblbbl per monthmcf per month00100200200400300600400800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
No oil produced in the last 12 monthsMonthly oil production and gas for THOMAS, Aug 2023 to Jul 2026. No oil produced in the last 12 months. The last month with output was Jan 2024, at 45 bbl.Last 12 monthsbbl per monthmcf per month00100200200400300600400800Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 40981, 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.

All of the gas went to a processing plant in the 6 months reported

Each bar is one month. Colors are the disposition codes the operator reported.

All of the gas went to a processing plant in the 6 months reportedShare of THOMAS gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the 6 months reported. Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the 6 months reportedShare of THOMAS gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the 6 months reported. Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 40981, 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.

None of the gas was flared in the 6 months reported.

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 2 times, most recently in Mar 2025

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 timePetrolegacy Energy II, LLC, Jan 2020 to May 2023; Ovintiv USA Inc., Jun 2023 to Feb 2025; Avid Energy Assets LLC, Mar 2025 to Jul 20262020202120222023202420252026Changed Jun 2023Changed Mar 2025Petrolegacy Energy II, LLCJan 2020 to May 2023Ovintiv USA Inc.Jun 2023 to Feb 2025Avid Energy Assets LLCMar 2025 to now
Operators of this lease over timePetrolegacy Energy II, LLC, Jan 2020 to May 2023; Ovintiv USA Inc., Jun 2023 to Feb 2025; Avid Energy Assets LLC, Mar 2025 to Jul 20262020202120222023202420252026Changed Jun 2023Changed Mar 2025Petrolegacy Energy II, LLCJan 2020 to May 2023Ovintiv USA Inc.Jun 2023 to Feb 2025Avid Energy Assets LLCMar 2025 to now

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 40981 in district 08. The API number is the state’s ID for a well.
Wells on THOMAS
API numberWell no.Status
42-317-363091541Shut-in
42-317-385771542Shut-in

SourceTexas Railroad Commission Wellbore Query, district 08, lease 40981.

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

    Devlar Energy Marketing, LLC and Medallion Operating Company, LLC gather it.

    Devlar Energy Marketing, LLC gathers it: 50% of it, on the list since Jun 1, 2026 · Medallion Operating Company, LLC gathers it: 50% of it, on the list since Jun 1, 2026

Companies that used to be listed: Medallion Operating Company, LLC (gathers it, until Jun 1, 2026); Rio Energy International, Inc. (gathers it, until Mar 1, 2025); Lion Oil Trading & Trans, LLC (gathers it, until Oct 1, 2020); Plains Marketing, L.p. (gathers it, until May 1, 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.

Who buys my oil and gasIs my oil price fair?

Unit and wells

160.20 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
0
First completion
Dec 20, 2010
Latest permit
Mar 27, 2013
Wells and acres on the permits for Thomas
API numberWell no.Acreson the permit
42-317-385771542160.20
42-317-363091541160.20

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 THOMAS sold each month.

For example 0.00097656, or a fraction like 1/1024.

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 THOMAS
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Avid Energy00000$80.46$2.89
Jun 2026Avid Energy00000$84.81$3.15
May 2026Avid Energy00000$102.13$2.94
Apr 2026Avid Energy00000$100.32$2.77
Mar 2026Avid Energy00000$91.38$3.04
Feb 2026Avid Energy00000$64.51$3.62
Jan 2026Avid Energy00000$60.04$7.72
Dec 2025Avid Energy00000$57.97$4.26
Nov 2025Avid Energy00000$60.06$3.79
Oct 2025Avid Energy00000$60.89$3.19
Sep 2025Avid Energy00000$63.96$2.97
Aug 2025Avid Energy00000$64.86$2.91
Jul 2025Avid Energy00000$68.39$3.20
Jun 2025Avid Energy00000$68.17$3.02
May 2025Avid Energy00000$62.17$3.12
Apr 2025Avid Energy00000$63.54$3.42
Mar 2025Avid Energy00000$68.24$4.12
Feb 2025Ovintiv USA00000$71.53$4.19
Jan 2025Ovintiv USA00000$75.74$4.13
Dec 2024Ovintiv USA00000$70.12$3.01
Nov 2024Ovintiv USA00000$69.95$2.12
Oct 2024Ovintiv USA00000$71.99$2.20
Sep 2024Ovintiv USA00000$70.24$2.28
Aug 2024Ovintiv USA00000$76.68$1.99
Jul 2024Ovintiv USA00000$81.80$2.07
Jun 2024Ovintiv USA00000$79.77$2.54
May 2024Ovintiv USA00000$80.02$2.12
Apr 2024Ovintiv USA00000$85.35$1.60
Mar 2024Ovintiv USA00000$81.28$1.49
Feb 2024Ovintiv USA00000$77.25$1.72
Jan 2024Ovintiv USA4532612610$74.15$3.18
Dec 2023Ovintiv USA1581975205200$71.90$2.52
Nov 2023Ovintiv USA2591954694690$77.69$2.71
Oct 2023Ovintiv USA2433745265260$85.64$2.98
Sep 2023Ovintiv USA2742184624620$89.43$2.64
Aug 2023Ovintiv USA2683804344340$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).

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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

OperatorAvid Energy Assets LLCFieldSpraberry (Trend Area)CountyMartin County

Avid Energy Assets 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 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 40981, 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.