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Texas oil lease · RRC district 8A · Lease 61019

Producing

WATKINS

Watkins is an oil lease in Terry County, Texas, operated by Basin Oil & Gas Operating, LLC in the Coroco (Clear Fork) field. The Railroad Commission shows 824 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

824bbl oil, last 12 months+45% vs prior year
RRC lease
8A-61019

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Where it sits

This county

Terry CountyTerryHockleyYoakumCochranLynnLubbockTerry County
Terry County · RRC district 8AOpen Terry County →
Oil in Jul 2026
63 bbl
Reporting to the state
since Jan 2020
Wells
1
Data through
Jul 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 45% over the last 12 months

824 bbl in the 12 months through Jul 2026, against 567 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output rose 45% over the last 12 monthsMonthly oil production and gas for WATKINS, Aug 2023 to Jul 2026. Oil output rose 45% over the last 12 months. 824 bbl in the 12 months through Jul 2026, against 567 bbl in the 12 months before.Last 12 months: 824 bblbbl per monthmcf per month00203405608801010013Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 45% over the last 12 monthsMonthly oil production and gas for WATKINS, Aug 2023 to Jul 2026. Oil output rose 45% over the last 12 months. 824 bbl in the 12 months through Jul 2026, against 567 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00203405608801010013Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 61019, 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.

Since Nov 2024 the lease's gas goes to a transmission line 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.

  • Transmission line (2)
  • Lease fuel (1)
Since Nov 2024 the lease's gas goes to a transmission line instead of lease fuelShare of WATKINS gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2024 the lease's gas goes to a transmission line 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%Nov 2024: fuel to lineOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2024 the lease's gas goes to a transmission line instead of lease fuelShare of WATKINS gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2024 the lease's gas goes to a transmission line 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%Nov 24: fuel to lineJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 61019, district 8A. Reported through Jul 2026.

Transmission line (2)

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

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.

The operator changed once, most recently in Nov 2024

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 timeGreat Western Drilling Company, Jan 2020 to Oct 2024; Basin Oil & Gas Operating, LLC, Nov 2024 to Jul 20262020202120222023202420252026Changed Nov 2024Great Western Drilling CompanyJan 2020 to Oct 2024Basin Oil & Gas Operating, LLCNov 2024 to now
Operators of this lease over timeGreat Western Drilling Company, Jan 2020 to Oct 2024; Basin Oil & Gas Operating, LLC, Nov 2024 to Jul 20262020202120222023202420252026Changed Nov 2024Great Western Drilling CompanyJan 2020 to Oct 2024Basin Oil & Gas Operating, LLCNov 2024 to now

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 61019 in district 8A. The API number is the state’s ID for a well.
Wells on WATKINS
API numberWell no.Status
42-445-301031Active

SourceTexas Railroad Commission Wellbore Query, district 8A, lease 61019.

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

    Lpc Crude Iii, LLC gathers it.

    100% of it, on the list since Dec 1, 2025

Companies that used to be listed: Mission Petroleum Carriers, Inc. (gathers it, until Dec 1, 2025); Lease Use Only (gathers it, until Nov 1, 2024); Nominator Not Required / Swr 31 (nominates it, until Nov 1, 2024); Great Western Drilling Company (buys it, until Nov 1, 2024).

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

What the drilling permits say

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 18, 1973
Latest permit
–
Wells and acres on the permits for Watkins
API numberWell no.Acreson the permit
42-445-301031–

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 WATKINS 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.

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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 WATKINS
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Basin Oil630000$80.46$2.89
Jun 2026Basin Oil590000$84.81$3.15
May 2026Basin Oil71161000$102.13$2.94
Apr 2026Basin Oil600000$100.32$2.77
Mar 2026Basin Oil61170000$91.38$3.04
Feb 2026Basin Oil590000$64.51$3.62
Jan 2026Basin Oil540000$60.04$7.72
Dec 2025Basin Oil83197000$57.97$4.26
Nov 2025Basin Oil640000$60.06$3.79
Oct 2025Basin Oil700000$60.89$3.19
Sep 2025Basin Oil88175000$63.96$2.97
Aug 2025Basin Oil920000$64.86$2.91
Jul 2025Basin Oil00000$68.39$3.20
Jun 2025Basin Oil00000$68.17$3.02
May 2025Basin Oil42176000$62.17$3.12
Apr 2025Basin Oil550000$63.54$3.42
Mar 2025Basin Oil570000$68.24$4.12
Feb 2025Basin Oil64170000$71.53$4.19
Jan 2025Basin Oil520000$75.74$4.13
Dec 2024Basin Oil620000$70.12$3.01
Nov 2024Basin Oil6817512120$69.95$2.12
Oct 2024Great Western5301200$71.99$2.20
Sep 2024Great Western5901200$70.24$2.28
Aug 2024Great Western551771200$76.68$1.99
Jul 2024Great Western6001200$81.80$2.07
Jun 2024Great Western6201200$79.77$2.54
May 2024Great Western451741200$80.02$2.12
Apr 2024Great Western5801200$85.35$1.60
Mar 2024Great Western5701200$81.28$1.49
Feb 2024Great Western591771200$77.25$1.72
Jan 2024Great Western5501200$74.15$3.18
Dec 2023Great Western6301200$71.90$2.52
Nov 2023Great Western581761200$77.69$2.71
Oct 2023Great Western5801200$85.64$2.98
Sep 2023Great Western6201200$89.43$2.64
Aug 2023Great Western371741200$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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Basin Oil & Gas Operating, LLC in Terry County

All Basin Oil & Gas Operating, LLC leases →

Coroco (Clear Fork) field

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

Leases within 10 km

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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 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 61019, 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.