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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 54603

Producing

TROOPER 158-181 UNIT E

Trooper 158-181 Unit E is an oil lease in Reeves County, Texas, operated by Crescent Energy Operating, LLC in the Phantom (Wolfcamp) field. The Railroad Commission shows 27,118 bbl of oil in the 12 months through Jun 2026.

Oil lease dossier · 4 wells

27,118bbl oil, last 12 months−47% vs prior year
Operator
Crescent Energy Operating, LLC
County
Reeves County
Field
Phantom (Wolfcamp)
RRC lease
08-54603

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County · RRC district 08Open Reeves County →
Gas, last 12 months
106,124 mcf
Oil in Jun 2026
2,096 bbl
Reporting to the state
since Sep 2020
Wells
4

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 47% over the last 12 months

24,346 bbl in the 12 months through Jul 2026, against 45,537 bbl in the 12 months before. Jul 2026 was not reported. A red cross marks each one.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 47% over the last 12 monthsMonthly oil production and gas for TROOPER 158-181 UNIT E, Aug 2023 to Jul 2026. Oil output fell 47% over the last 12 months. 24,346 bbl in the 12 months through Jul 2026, against 45,537 bbl in the 12 months before.Last 12 months: 24,346 bblbbl per monthmcf per month0010k10k20k20k30k30k40k40k50k50kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 47% over the last 12 monthsMonthly oil production and gas for TROOPER 158-181 UNIT E, Aug 2023 to Jul 2026. Oil output fell 47% over the last 12 months. 24,346 bbl in the 12 months through Jul 2026, against 45,537 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k10k20k20k30k30k40k40k50k50kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 54603, 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 Nov 2023 the lease's gas goes to a transmission line instead of a processing plant

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. Flaring peaked at 100.0% of the gas in Sep 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plantShare of TROOPER 158-181 UNIT E gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plant. 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. Flaring peaked at 100.0% of the gas in Sep 2025.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2023: plant to lineFlared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plantShare of TROOPER 158-181 UNIT E gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plant. 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. Flaring peaked at 100.0% of the gas in Sep 2025.Share of gas by disposition code0%50%100%Nov 23: plant to lineFlared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 54603, 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.

Transmission line (2)

Sold straight into a pipeline without processing. Processing fees on your statement would be worth asking about.

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, 10.7% of the gas was flared. 22 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.

The operator changed 2 times, most recently in Jan 2026

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 timeTall City Operations III LLC, Sep 2020 to Jun 2023; Vital Energy, Inc., Jul 2023 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 2026202120222023202420252026Changed Jul 2023Changed Jan 2026Tall City Operations III LLCSep 2020 to Jun 2023Vital Energy, Inc.Jul 2023 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now
Operators of this lease over timeTall City Operations III LLC, Sep 2020 to Jun 2023; Vital Energy, Inc., Jul 2023 to Dec 2025; Crescent Energy Operating, LLC, Jan 2026 to Jun 2026202120222023202420252026Changed Jul 2023Changed Jan 2026Tall City Operations III LLCSep 2020 to Jun 2023Vital Energy, Inc.Jul 2023 to Dec 2025Crescent Energy Operating, LLCJan 2026 to now

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

4 wells on this lease

Every well the Railroad Commission links to oil lease 54603 in district 08. The API number is the state’s ID for a well.
Wells on TROOPER 158-181 UNIT E
API numberWell no.Status
42-389-385414HShut-in
42-389-401585AHShut-in
42-389-401595HShut-in
42-389-4016024HActive

SourceTexas Railroad Commission Wellbore Query, district 08, lease 54603.

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

    Noble Energy INC and Rio Energy International, Inc. gather it.

    Noble Energy INC gathers it: 50% of it, on the list since Jul 1, 2023 · Rio Energy International, Inc. gathers it: 50% of it, on the list since Jul 1, 2023

  • Gas from oil wells

    Energy Transfer Company buys it; Noble Energy INC gathers it.

    Energy Transfer Company buys it: 100% of it, on the list since Feb 1, 2023 · Noble Energy INC gathers it: 100% of it, on the list since Feb 1, 2023

Companies that used to be listed: Bml, Inc. B (gathers it, until Jul 1, 2023); Dk Trading & Supply, LLC (gathers it, until Jul 1, 2023); Energy Trans Crude Marketing LLC (gathers it, until Jul 1, 2023); Gunvor USA LLC (gathers it, until Jul 1, 2023); Noble Energy INC (gathers it, until Jul 1, 2023); Dk Trading & Supply, LLC (gathers it, until Apr 13, 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

640 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
44 not plugged
Horizontal
4
First completion
Nov 4, 2019
Latest permit
Aug 9, 2022
Wells and acres on the permits for Trooper 158-181 Unit E
API numberWell no.Acreson the permit
42-389-401585AH640
42-389-401595H640
42-389-4016024H640
42-389-385414H640

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

What the operator reported

What Crescent Energy Company told investors it received

Crescent Energy Operating, LLC is linked to Crescent Energy Company (CRGY). Public companies report the average price they realize each quarter. It is an average across everything the company operates, not the price on this lease.
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 on SEC EDGAR, prices before hedging where the company states both. Read by machine from each filing’s tables; the link opens the filing so you can check the figure.

Compare with the price on my stub

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 TROOPER 158-181 UNIT E 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 TROOPER 158-181 UNIT E
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Crescent Energy2,0962,13511,33410,380954$84.81$3.15
May 2026Crescent Energy2,4632,49011,67710,3841,293$102.13$2.94
Apr 2026Crescent Energy2,5962,54710,58310,5821$100.32$2.77
Mar 2026Crescent Energy2,3302,47010,68110,431250$91.38$3.04
Feb 2026Crescent Energy2,3422,1949,5578,947610$64.51$3.62
Jan 2026Crescent Energy2,7252,59911,41911,078341$60.04$7.72
Dec 2025Vital Energy,3,1853,34411,40011,4000$57.97$4.26
Nov 2025Vital Energy,3,8993,9007,1563,7503,406$60.06$3.79
Oct 2025Vital Energy,2241411,28301,283$60.89$3.19
Sep 2025Vital Energy,1902124980498$63.96$2.97
Aug 2025Vital Energy,2,2962,2979,9887,3552,633$64.86$2.91
Jul 2025Vital Energy,2,7722,75210,54810,431117$68.39$3.20
Jun 2025Vital Energy,2,9293,11212,2349,2782,956$68.17$3.02
May 2025Vital Energy,3,2383,09313,57911,8851,694$62.17$3.12
Apr 2025Vital Energy,3,0653,16912,4278,6443,783$63.54$3.42
Mar 2025Vital Energy,3,4183,39113,04010,6892,351$68.24$4.12
Feb 2025Vital Energy,3,4423,48012,5369,4833,053$71.53$4.19
Jan 2025Vital Energy,3,7753,75813,52210,4503,072$75.74$4.13
Dec 2024Vital Energy,3,8454,04814,7108,6566,054$70.12$3.01
Nov 2024Vital Energy,4,0283,98714,2277,9766,251$69.95$2.12
Oct 2024Vital Energy,4,2814,37215,9589,9436,015$71.99$2.20
Sep 2024Vital Energy,4,9205,15117,01916,652367$70.24$2.28
Aug 2024Vital Energy,5,8245,63618,61917,957662$76.68$1.99
Jul 2024Vital Energy,5,6945,73817,78316,886897$81.80$2.07
Jun 2024Vital Energy,6,6566,46720,22319,879344$79.77$2.54
May 2024Vital Energy,7,0056,94916,39516,3950$80.02$2.12
Apr 2024Vital Energy,5,0805,05210,08310,05429$85.35$1.60
Mar 2024Vital Energy,8,3048,82816,80916,8090$81.28$1.49
Feb 2024Vital Energy,9,3159,28517,16115,9951,166$77.25$1.72
Jan 2024Vital Energy,14,38714,38720,25520,118137$74.15$3.18
Dec 2023Vital Energy,8,2948,19311,81111,8110$71.90$2.52
Nov 2023Vital Energy,12,94112,78422,95922,9554$77.69$2.71
Oct 2023Vital Energy,20,35620,55643,19841,8011,397$85.64$2.98
Sep 2023Vital Energy,21,12920,99835,27033,5831,687$89.43$2.64
Aug 2023Vital Energy,29,31629,16040,68510,34930,336$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).

Check your statements

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Upload your statements for TROOPER 158-181 UNIT E. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Crescent Energy Operating, LLC.

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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

OperatorCrescent Energy Operating, LLCFieldPhantom (Wolfcamp)CountyReeves County

Crescent Energy Operating, LLC in Reeves County

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Phantom (Wolfcamp) field

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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 Jun 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 54603, 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.

FAQ

Questions about TROOPER 158-181 UNIT E

Who operates the TROOPER 158-181 UNIT E lease?

The Railroad Commission lists Crescent Energy Operating, LLC (operator number 103575) as the operator of this lease in Reeves County, Texas. The operator history on this page shows earlier operators and when the record changed.

How much has the TROOPER 158-181 UNIT E lease produced?

The lease reported 27,118 bbl of oil and 106,124 mcf of gas in the last 12 months through Jun 2026. Monthly figures for 35 months are in the ledger on this page, taken from the Railroad Commission's production data.

Does this page show who owns the royalty?

No. Railroad Commission records show who operates a lease and what it reported, not who owns the minerals or receives royalty. Your division order and royalty stub name the lease and your decimal interest.

How do I check my royalty stub against this lease?

Multiply the lease's volume for a month by your decimal interest and compare it with the barrels and mcf on your stub for the same month. The two are seldom identical, since sales and reporting months can differ, but a large gap is worth a question to the operator.

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