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Royalty Clerk

Texas oil lease · RRC district 8A · Lease 71309

Producing

TOKIO UNIT

Tokio Unit is an oil lease in Terry County, Texas, operated by Socorro Exploration, Inc. in the Tokio, South (Leonard) field. The Railroad Commission shows 9,848 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

9,848bbl oil, last 12 months−10% vs prior year
Operator
Socorro Exploration, Inc.
County
Terry County
Field
Tokio, South (Leonard)
RRC lease
8A-71309

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Where it sits

This county

Terry CountyTerryHockleyYoakumCochranLynnLubbockTerry County
Terry County · RRC district 8AOpen Terry County →
Gas, last 12 months
12 mcf
Oil in Jul 2026
985 bbl
Reporting to the state
since Apr 2023
Wells
1

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 10% over the last 12 months

9,848 bbl in the 12 months through Jul 2026, against 10,905 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 10% over the last 12 monthsMonthly oil production and gas for TOKIO UNIT, Aug 2023 to Jul 2026. Oil output fell 10% over the last 12 months. 9,848 bbl in the 12 months through Jul 2026, against 10,905 bbl in the 12 months before.Last 12 months: 9,848 bblbbl per monthmcf per month002501500175021,00021,2503Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 10% over the last 12 monthsMonthly oil production and gas for TOKIO UNIT, Aug 2023 to Jul 2026. Oil output fell 10% over the last 12 months. 9,848 bbl in the 12 months through Jul 2026, against 10,905 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002501500175021,00021,2503Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 71309, district 8A. 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 flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Aug 2023.

All of the gas went to flaring in the last 12 monthsShare of TOKIO UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to flaring in the last 12 monthsShare of TOKIO UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 71309, district 8A. Reported through Jul 2026.

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, 100.0% of the gas was flared. 36 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.

Socorro Exploration, Inc. has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeSocorro Exploration, Inc., Apr 2023 to Jul 2026202420252026Socorro Exploration, Inc.Apr 2023 to nowthrough Jul 2026
Operators of this lease over timeSocorro Exploration, Inc., Apr 2023 to Jul 2026202420252026Socorro Exploration, Inc.Apr 2023 to nowthrough Jul 2026

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 71309 in district 8A. The API number is the state’s ID for a well.
Wells on TOKIO UNIT
API numberWell no.Status
42-445-324641Active

SourceTexas Railroad Commission Wellbore Query, district 8A, lease 71309.

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

    Phillips 66 Company gathers it.

    100% of it, on the list since Apr 14, 2023

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
11 not plugged
Horizontal
0
First completion
Apr 14, 2023
Latest permit
Jun 10, 2021
Wells and acres on the permits for Tokio Unit
API numberWell no.Acreson the permit
42-445-324641160

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

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 TOKIO UNIT 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 TOKIO UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Socorro Exploration,9851,020101$80.46$2.89
Jun 2026Socorro Exploration,7651,165101$84.81$3.15
May 2026Socorro Exploration,701176101$102.13$2.94
Apr 2026Socorro Exploration,9901,011101$100.32$2.77
Mar 2026Socorro Exploration,1,0521,045101$91.38$3.04
Feb 2026Socorro Exploration,801867101$64.51$3.62
Jan 2026Socorro Exploration,775685101$60.04$7.72
Dec 2025Socorro Exploration,842852101$57.97$4.26
Nov 2025Socorro Exploration,680695101$60.06$3.79
Oct 2025Socorro Exploration,9951,028101$60.89$3.19
Sep 2025Socorro Exploration,552518101$63.96$2.97
Aug 2025Socorro Exploration,710687101$64.86$2.91
Jul 2025Socorro Exploration,868883202$68.39$3.20
Jun 2025Socorro Exploration,890875202$68.17$3.02
May 2025Socorro Exploration,1,0651,049202$62.17$3.12
Apr 2025Socorro Exploration,888870202$63.54$3.42
Mar 2025Socorro Exploration,9881,043202$68.24$4.12
Feb 2025Socorro Exploration,715693101$71.53$4.19
Jan 2025Socorro Exploration,901878101$75.74$4.13
Dec 2024Socorro Exploration,1,2101,233101$70.12$3.01
Nov 2024Socorro Exploration,910898101$69.95$2.12
Oct 2024Socorro Exploration,715703101$71.99$2.20
Sep 2024Socorro Exploration,1,0501,061101$70.24$2.28
Aug 2024Socorro Exploration,705718101$76.68$1.99
Jul 2024Socorro Exploration,1,0651,046101$81.80$2.07
Jun 2024Socorro Exploration,1,0501,053101$79.77$2.54
May 2024Socorro Exploration,1,0781,062101$80.02$2.12
Apr 2024Socorro Exploration,708721101$85.35$1.60
Mar 2024Socorro Exploration,1,0151,031101$81.28$1.49
Feb 2024Socorro Exploration,908880101$77.25$1.72
Jan 2024Socorro Exploration,690704101$74.15$3.18
Dec 2023Socorro Exploration,370376101$71.90$2.52
Nov 2023Socorro Exploration,555538101$77.69$2.71
Oct 2023Socorro Exploration,688682101$85.64$2.98
Sep 2023Socorro Exploration,495542101$89.43$2.64
Aug 2023Socorro Exploration,375351101$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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This lease belongs to

OperatorSocorro Exploration, Inc.FieldTokio, South (Leonard)CountyTerry County

Socorro Exploration, Inc. in Terry County

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Tokio, South (Leonard) field

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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 71309, district 8A, 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.