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Texas oil lease · RRC district 08 · Lease 40720

Producing

TODD "27"

Todd "27" is an oil lease in Martin County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field. The Railroad Commission shows 2,735 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 2 wells

2,735bbl oil, last 12 months−44% vs prior year
RRC lease
08-40720

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County · RRC district 08Open Martin County →
Gas, last 12 months
4,187 mcf
Oil in Jul 2026
14 bbl
Reporting to the state
since Jan 2020
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 44% over the last 12 months

2,735 bbl in the 12 months through Jul 2026, against 4,925 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 44% over the last 12 monthsMonthly oil production and gas for TODD "27", Aug 2023 to Jul 2026. Oil output fell 44% over the last 12 months. 2,735 bbl in the 12 months through Jul 2026, against 4,925 bbl in the 12 months before.Last 12 months: 2,735 bblbbl per monthmcf per month002502505005007507501,0001,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 44% over the last 12 monthsMonthly oil production and gas for TODD "27", Aug 2023 to Jul 2026. Oil output fell 44% over the last 12 months. 2,735 bbl in the 12 months through Jul 2026, against 4,925 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002502505005007507501,0001,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 40720, 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.

Since Sep 2023 the lease's gas goes to a processing plant instead of lease fuel

Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not.

  • Processing plant (3)
  • Lease fuel (1)
Since Sep 2023 the lease's gas goes to a processing plant instead of lease fuelShare of TODD "27" gas by disposition code each month, Aug 2023 to Jul 2026. Since Sep 2023 the lease's gas goes to a processing plant instead of lease fuel. Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not.Share of the lease’s gas by disposition code, per month0%50%100%Sep 2023: fuel to plantOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Sep 2023 the lease's gas goes to a processing plant instead of lease fuelShare of TODD "27" gas by disposition code each month, Aug 2023 to Jul 2026. Since Sep 2023 the lease's gas goes to a processing plant instead of lease fuel. Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not.Share of gas by disposition code0%50%100%Sep 23: fuel to plantJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 40720, 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.

None of the gas was flared in the last 12 months.

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.

Pioneer Natural Res. USA, Inc. has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timePioneer Natural Res. USA, Inc., Jan 2020 to Jul 20262020202120222023202420252026Pioneer Natural Res. USA, Inc.Jan 2020 to nowthrough Jul 2026
Operators of this lease over timePioneer Natural Res. USA, Inc., Jan 2020 to Jul 20262020202120222023202420252026Pioneer Natural Res. USA, Inc.Jan 2020 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 40720 in district 08. The API number is the state’s ID for a well.
Wells on TODD "27"
API numberWell no.Status
42-317-358541Active
42-317-372032Shut-in

SourceTexas Railroad Commission Wellbore Query, district 08, lease 40720.

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 Sep 1, 2025

  • Gas from oil wells

    Targa Pl Mid-Cont Westtex LLC buys and gathers it.

    Targa Pl Mid-Cont Westtex LLC buys it: 100% of it, on the list since Nov 1, 2015 · Targa Pl Mid-Cont Westtex LLC gathers it: 100% of it, on the list since Oct 1, 2015

Companies that used to be listed: Plains Marketing, L.p. (gathers it, until Sep 1, 2025).

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.

Unit and wells

160.70 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
Oct 20, 2010
Latest permit
Sep 27, 2011
Wells and acres on the permits for Todd "27"
API numberWell no.Acreson the permit
42-317-372032160.70
42-317-358541160.70

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.

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 TODD "27" 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

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 TODD "27"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Pioneer Natural14063630$80.46$2.89
Jun 2026Pioneer Natural2291744573650$84.81$3.15
May 2026Pioneer Natural2461734753510$102.13$2.94
Apr 2026Pioneer Natural2193494172970$100.32$2.77
Mar 2026Pioneer Natural4125435604360$91.38$3.04
Feb 2026Pioneer Natural4021864833710$64.51$3.62
Jan 2026Pioneer Natural191854243000$60.04$7.72
Dec 2025Pioneer Natural69046460$57.97$4.26
Nov 2025Pioneer Natural170000$60.06$3.79
Oct 2025Pioneer Natural3713593392150$60.89$3.19
Sep 2025Pioneer Natural3923604403200$63.96$2.97
Aug 2025Pioneer Natural3455184833590$64.86$2.91
Jul 2025Pioneer Natural3541802561320$68.39$3.20
Jun 2025Pioneer Natural3373553742540$68.17$3.02
May 2025Pioneer Natural3524813552310$62.17$3.12
Apr 2025Pioneer Natural3363573852650$63.54$3.42
Mar 2025Pioneer Natural5535364453210$68.24$4.12
Feb 2025Pioneer Natural2221804513390$71.53$4.19
Jan 2025Pioneer Natural4985204813570$75.74$4.13
Dec 2024Pioneer Natural6205345404160$70.12$3.01
Nov 2024Pioneer Natural4555104213010$69.95$2.12
Oct 2024Pioneer Natural5315354533290$71.99$2.20
Sep 2024Pioneer Natural5346893522320$70.24$2.28
Aug 2024Pioneer Natural13302581340$76.68$1.99
Jul 2024Pioneer Natural280000$81.80$2.07
Jun 2024Pioneer Natural8527138247040$79.77$2.54
May 2024Pioneer Natural8978959047800$80.02$2.12
Apr 2024Pioneer Natural5467155404200$85.35$1.60
Mar 2024Pioneer Natural8561,0367436190$81.28$1.49
Feb 2024Pioneer Natural7847086695530$77.25$1.72
Jan 2024Pioneer Natural8097104503260$74.15$3.18
Dec 2023Pioneer Natural94103602360$71.90$2.52
Nov 2023Pioneer Natural4674844142940$77.69$2.71
Oct 2023Pioneer Natural2353452981740$85.64$2.98
Sep 2023Pioneer Natural6103556285080$89.43$2.64
Aug 2023Pioneer Natural94150215910$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.

Pioneer Natural Res. USA, Inc. in Martin County

All Pioneer Natural Res. USA, Inc. leases →

Spraberry (Trend Area) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

  • MOTT 4

    35,217 bbl last 12 months · 0.3 km away

  • MOTT 3

    20,152 bbl last 12 months · 0.3 km away

  • MOTT 5

    15,383 bbl last 12 months · 0.3 km away

  • LUKENS "28"

    12,320 bbl last 12 months · 0.3 km away

  • MOTT, J. C.

    0 bbl last 12 months · 0.4 km away

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 40720, 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.