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Royalty Clerk

Texas oil lease · RRC district 8A · Lease 18816

Producing

WALLACE "60"

Wallace "60" is an oil lease in Kent County, Texas, operated by QP, Inc. in the Elam (Strawn) field. The Railroad Commission shows 939 bbl of oil in the 12 months through Jun 2026.

Oil lease dossier · 1 well

939bbl oil, last 12 months+5% vs prior year
Operator
QP, Inc.
County
Kent County
Field
Elam (Strawn)
RRC lease
8A-18816

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Where it sits

This county

Kent CountyKentDickensKingGarzaStonewallCrosbyKent County
Kent County · RRC district 8AOpen Kent County →
Oil in Jun 2026
54 bbl
Reporting to the state
since Jan 2020
Wells
1
Data through
Jun 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).

Oil output rose 5% over the last 12 months

823 bbl in the 12 months through Jul 2026, against 786 bbl in the 12 months before. Jul 2026 was not reported. A red cross marks each one.

  • Oil (bars, left axis)
  • Last 12 months
Oil output rose 5% over the last 12 monthsMonthly oil production for WALLACE "60", Aug 2023 to Jul 2026. Oil output rose 5% over the last 12 months. 823 bbl in the 12 months through Jul 2026, against 786 bbl in the 12 months before.Last 12 months: 823 bblbbl per month050100150200Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 5% over the last 12 monthsMonthly oil production for WALLACE "60", Aug 2023 to Jul 2026. Oil output rose 5% over the last 12 months. 823 bbl in the 12 months through Jul 2026, against 786 bbl in the 12 months before.Last 12 monthsbbl per month050100150200Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 18816, 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.

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

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.

QP, Inc. has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeQP, Inc., Jan 2020 to Jun 20262020202120222023202420252026QP, Inc.Jan 2020 to nowthrough Jul 2026
Operators of this lease over timeQP, Inc., Jan 2020 to Jun 20262020202120222023202420252026QP, 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 18816 in district 8A. The API number is the state’s ID for a well.
Wells on WALLACE "60"
API numberWell no.Status
42-263-306442BActive

SourceTexas Railroad Commission Wellbore Query, district 8A, lease 18816.

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 Trans Crude Marketing LLC gathers it.

    100% of it, on the list since Mar 1, 2023

Companies that used to be listed: Ace Gathering, Inc. (gathers it, until Mar 1, 2023); Bml, Inc. B (gathers it, until Jun 1, 2020); Rio Energy International, Inc. (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

480 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
21 not plugged
Horizontal
0
First completion
Aug 28, 1964
Latest permit
May 22, 1979
Wells and acres on the permits for Wallace "60"
API numberWell no.Acreson the permit
42-263-306442B480
42-263-100241B–

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 WALLACE "60" 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 WALLACE "60"
MonthOil producedbblOil soldbblWTI$ per bblHenry Hub$ per MMBtu
Jul 2026No report––$80.46$2.89
Jun 2026QP, Inc.5473$84.81$3.15
May 2026QP, Inc.6753$102.13$2.94
Apr 2026QP, Inc.11651$100.32$2.77
Mar 2026QP, Inc.2191$91.38$3.04
Feb 2026QP, Inc.6455$64.51$3.62
Jan 2026QP, Inc.4454$60.04$7.72
Dec 2025QP, Inc.8450$57.97$4.26
Nov 2025QP, Inc.6253$60.06$3.79
Oct 2025QP, Inc.6465$60.89$3.19
Sep 2025QP, Inc.8098$63.96$2.97
Aug 2025QP, Inc.167192$64.86$2.91
Jul 2025QP, Inc.116103$68.39$3.20
Jun 2025QP, Inc.60$68.17$3.02
May 2025QP, Inc.4050$62.17$3.12
Apr 2025QP, Inc.5750$63.54$3.42
Mar 2025QP, Inc.7454$68.24$4.12
Feb 2025QP, Inc.7396$71.53$4.19
Jan 2025QP, Inc.6455$75.74$4.13
Dec 2024QP, Inc.7798$70.12$3.01
Nov 2024QP, Inc.480$69.95$2.12
Oct 2024QP, Inc.70101$71.99$2.20
Sep 2024QP, Inc.7254$70.24$2.28
Aug 2024QP, Inc.89103$76.68$1.99
Jul 2024QP, Inc.6671$81.80$2.07
Jun 2024QP, Inc.5350$79.77$2.54
May 2024QP, Inc.77107$80.02$2.12
Apr 2024QP, Inc.960$85.35$1.60
Mar 2024QP, Inc.33105$81.28$1.49
Feb 2024QP, Inc.8254$77.25$1.72
Jan 2024QP, Inc.6295$74.15$3.18
Dec 2023QP, Inc.5555$71.90$2.52
Nov 2023QP, Inc.133110$77.69$2.71
Oct 2023QP, Inc.3455$85.64$2.98
Sep 2023QP, Inc.7953$89.43$2.64
Aug 2023QP, Inc.93107$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

OperatorQP, Inc.FieldElam (Strawn)CountyKent County

QP, Inc. in Kent County

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Elam (Strawn) field

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Leases within 10 km

Found by the location of their wells.

New drilling permits in Kent County

We do not have coordinates for this lease, so these are the newest permits in its county.

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 18816, 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.