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Royalty Clerk

Texas oil lease · RRC district 7C · Lease 05935

Producing

TREADWELL, J. M.

Treadwell, J. M. is an oil lease in Schleicher County, Texas, operated by Bud Oil, Inc. in the Fort McKavitt, N. (Palo Pinto) field. The Railroad Commission shows 438 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

438bbl oil, last 12 months−16% vs prior year
Operator
Bud Oil, Inc.
County
Schleicher County
Field
Fort McKavitt, N. (Palo Pinto)
RRC lease
7C-05935

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Where it sits

This county

Schleicher CountySchleicherTom GreenIrionSuttonMenardConchoSchleicher County
Schleicher County · RRC district 7COpen Schleicher County →
Gas, last 12 months
282 mcf
Oil in Jul 2026
106 bbl
Reporting to the state
since Jan 2020
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 16% over the last 12 months

438 bbl in the 12 months through Jul 2026, against 523 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 16% over the last 12 monthsMonthly oil production and gas for TREADWELL, J. M., Aug 2023 to Jul 2026. Oil output fell 16% over the last 12 months. 438 bbl in the 12 months through Jul 2026, against 523 bbl in the 12 months before.Last 12 months: 438 bblbbl per monthmcf per month0025205040756010080125100Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 16% over the last 12 monthsMonthly oil production and gas for TREADWELL, J. M., Aug 2023 to Jul 2026. Oil output fell 16% over the last 12 months. 438 bbl in the 12 months through Jul 2026, against 523 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0025205040756010080125100Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 05935, district 7C. 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 last 12 months

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

All of the gas went to a processing plant in the last 12 monthsShare of TREADWELL, J. M. gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months. 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 last 12 monthsShare of TREADWELL, J. M. gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 05935, district 7C. 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 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.

Bud Oil, Inc. has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeBud Oil, Inc., Jan 2020 to Jul 20262020202120222023202420252026Bud Oil, Inc.Jan 2020 to nowthrough Jul 2026
Operators of this lease over timeBud Oil, Inc., Jan 2020 to Jul 20262020202120222023202420252026Bud Oil, Inc.Jan 2020 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 05935 in district 7C. The API number is the state’s ID for a well.
Wells on TREADWELL, J. M.
API numberWell no.Status
42-413-300876Active

SourceTexas Railroad Commission Wellbore Query, district 7C, lease 05935.

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

    Energy Transfer Company gathers it.

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

  • Gas from oil wells

    Caballo Loco Midstrm Inf Ii, LLC buys and gathers it.

    Caballo Loco Midstrm Inf Ii, LLC buys it: 100% of it, on the list since Aug 1, 2024 · Caballo Loco Midstrm Inf Ii, LLC gathers it: 100% of it, on the list since Aug 1, 2024

Companies that used to be listed: Wtg South Permian Midstream LLC (gathers it, until Aug 1, 2024); Wtg South Permian Midstream LLC (buys it, until Aug 1, 2024); Energy Trans Crude Marketing LLC (gathers it, until Aug 1, 2024); Davis Gas Processing, Inc. (gathers it, until Apr 30, 2022); Nominator Not Required / Swr 31 (nominates it, until Apr 30, 2022); Davis Gas Processing, Inc. (buys it, until Apr 30, 2022).

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

698.50 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
32 not plugged
Horizontal
0
First completion
Mar 16, 1971
Latest permit
Jul 5, 1991
Wells and acres on the permits for Treadwell, J. M.
API numberWell no.Acreson the permit
42-413-300957698.50
42-413-300815 U–
42-413-300876–

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 TREADWELL, J. M. 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 TREADWELL, J. M.
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Bud Oil,1069031310$80.46$2.89
Jun 2026Bud Oil,654338380$84.81$3.15
May 2026Bud Oil,734440400$102.13$2.94
Apr 2026Bud Oil,584522220$100.32$2.77
Mar 2026Bud Oil,164431310$91.38$3.04
Feb 2026Bud Oil,3019190$64.51$3.62
Jan 2026Bud Oil,70000$60.04$7.72
Dec 2025Bud Oil,1643440$57.97$4.26
Nov 2025Bud Oil,130770$60.06$3.79
Oct 2025Bud Oil,293724240$60.89$3.19
Sep 2025Bud Oil,25035350$63.96$2.97
Aug 2025Bud Oil,274431310$64.86$2.91
Jul 2025Bud Oil,564444440$68.39$3.20
Jun 2025Bud Oil,484439390$68.17$3.02
May 2025Bud Oil,344427270$62.17$3.12
Apr 2025Bud Oil,484533330$63.54$3.42
Mar 2025Bud Oil,534448480$68.24$4.12
Feb 2025Bud Oil,414439390$71.53$4.19
Jan 2025Bud Oil,574435350$75.74$4.13
Dec 2024Bud Oil,244647470$70.12$3.01
Nov 2024Bud Oil,31042420$69.95$2.12
Oct 2024Bud Oil,464666660$71.99$2.20
Sep 2024Bud Oil,434358580$70.24$2.28
Aug 2024Bud Oil,424668680$76.68$1.99
Jul 2024Bud Oil,374650500$81.80$2.07
Jun 2024Bud Oil,244557570$79.77$2.54
May 2024Bud Oil,84151510$80.02$2.12
Apr 2024Bud Oil,33042420$85.35$1.60
Mar 2024Bud Oil,494654540$81.28$1.49
Feb 2024Bud Oil,524444440$77.25$1.72
Jan 2024Bud Oil,478941410$74.15$3.18
Dec 2023Bud Oil,36041410$71.90$2.52
Nov 2023Bud Oil,224520200$77.69$2.71
Oct 2023Bud Oil,40000$85.64$2.98
Sep 2023Bud Oil,00000$89.43$2.64
Aug 2023Bud Oil,0016160$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

OperatorBud Oil, Inc.FieldFort McKavitt, N. (Palo Pinto)CountySchleicher County

Bud Oil, Inc. in Schleicher County

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Fort McKavitt, N. (Palo Pinto) field

No other producing leases in this field are in our data yet.

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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 05935, district 7C, 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.