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Royalty Clerk

Texas oil lease · RRC district 10 · Lease 02933

Producing

WHEAT

Wheat is an oil lease in Lipscomb County, Texas, operated by Latigo Petroleum, LLC in the Kiowa Creek (Morrow, Upper-Oil) field. The Railroad Commission shows 2,274 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 3 wells

2,274bbl oil, last 12 months+164% vs prior year
Operator
Latigo Petroleum, LLC
County
Lipscomb County
Field
Kiowa Creek (Morrow, Upper-Oil)
RRC lease
10-02933

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Where it sits

This county

Lipscomb CountyLipscombOchiltreeLipscomb County
Lipscomb County · RRC district 10Open Lipscomb County →
Gas, last 12 months
25,701 mcf
Oil in Jul 2026
166 bbl
Reporting to the state
since Jan 2020
Wells
3

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 164% over the last 12 months

2,274 bbl in the 12 months through Jul 2026, against 861 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output rose 164% over the last 12 monthsMonthly oil production and gas for WHEAT, Aug 2023 to Jul 2026. Oil output rose 164% over the last 12 months. 2,274 bbl in the 12 months through Jul 2026, against 861 bbl in the 12 months before.Last 12 months: 2,274 bblbbl per monthmcf per month001001,0002002,0003003,0004004,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 164% over the last 12 monthsMonthly oil production and gas for WHEAT, Aug 2023 to Jul 2026. Oil output rose 164% over the last 12 months. 2,274 bbl in the 12 months through Jul 2026, against 861 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001001,0002002,0003003,0004004,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 02933, district 10. 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 WHEAT 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 WHEAT 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 02933, district 10. 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.

The operator changed once, most recently in Mar 2020

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 timeBP America Production Company, Jan 2020 to Feb 2020; Latigo Petroleum, LLC, Mar 2020 to Jul 20262020202120222023202420252026Changed Mar 2020BP America Production CompanyJan 2020 to Feb 2020Latigo Petroleum, LLCMar 2020 to now
Operators of this lease over timeBP America Production Company, Jan 2020 to Feb 2020; Latigo Petroleum, LLC, Mar 2020 to Jul 20262020202120222023202420252026Changed Mar 2020BP America Production CompanyJan 2020 to Feb 2020Latigo Petroleum, LLCMar 2020 to now

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

Wells

3 wells on this lease

Every well the Railroad Commission links to oil lease 02933 in district 10. The API number is the state’s ID for a well.
Wells on WHEAT
API numberWell no.Status
42-295-003902764Shut-in
42-295-010924764Active
42-295-224243764Active

SourceTexas Railroad Commission Wellbore Query, district 10, lease 02933.

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

    Valero Marketing and Supply Co. gathers it.

    100% of it, on the list since Apr 25, 2007

  • Gas from oil wells

    Energy Transfer Company buys and gathers it.

    Energy Transfer Company buys it: 100% of it, on the list since Nov 1, 2015 · Energy Transfer Company gathers it: 100% of it, on the list since Nov 1, 2015

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

646.50 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
64 not plugged
Horizontal
0
First completion
Feb 25, 1964
Latest permit
May 3, 2016
Wells and acres on the permits for Wheat
API numberWell no.Acreson the permit
42-295-010924764646.50
42-295-003911764646
42-295-003902764–
42-295-224243764–
42-295-804932–
42-295-804943–

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 WHEAT 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. 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 WHEAT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Latigo Petroleum,1661662,4852,4850$80.46$2.89
Jun 2026Latigo Petroleum,002,2202,2200$84.81$3.15
May 2026Latigo Petroleum,1971962,3782,3780$102.13$2.94
Apr 2026Latigo Petroleum,3583581,8691,8690$100.32$2.77
Mar 2026Latigo Petroleum,1641642,0012,0010$91.38$3.04
Feb 2026Latigo Petroleum,1801872,0382,0380$64.51$3.62
Jan 2026Latigo Petroleum,3131732,0482,0480$60.04$7.72
Dec 2025Latigo Petroleum,251582,1632,1630$57.97$4.26
Nov 2025Latigo Petroleum,1641642,1192,1190$60.06$3.79
Oct 2025Latigo Petroleum,3443441,0961,0960$60.89$3.19
Sep 2025Latigo Petroleum,002,5692,5690$63.96$2.97
Aug 2025Latigo Petroleum,3633632,7152,7150$64.86$2.91
Jul 2025Latigo Petroleum,1731922,7472,7470$68.39$3.20
Jun 2025Latigo Petroleum,1901,9321,9320$68.17$3.02
May 2025Latigo Petroleum,1481632,4652,4650$62.17$3.12
Apr 2025Latigo Petroleum,002602600$63.54$3.42
Mar 2025Latigo Petroleum,003493490$68.24$4.12
Feb 2025Latigo Petroleum,302822820$71.53$4.19
Jan 2025Latigo Petroleum,101161160$75.74$4.13
Dec 2024Latigo Petroleum,202662660$70.12$3.01
Nov 2024Latigo Petroleum,267198000$69.95$2.12
Oct 2024Latigo Petroleum,2002,0422,0420$71.99$2.20
Sep 2024Latigo Petroleum,2083581,9491,9490$70.24$2.28
Aug 2024Latigo Petroleum,2002,0002,0000$76.68$1.99
Jul 2024Latigo Petroleum,1601601,8641,8640$81.80$2.07
Jun 2024Latigo Petroleum,2471971,7601,7600$79.77$2.54
May 2024Latigo Petroleum,1801,7101,7100$80.02$2.12
Apr 2024Latigo Petroleum,1501,5231,5230$85.35$1.60
Mar 2024Latigo Petroleum,002292290$81.28$1.49
Feb 2024Latigo Petroleum,1171598558550$77.25$1.72
Jan 2024Latigo Petroleum,1831771,3451,3450$74.15$3.18
Dec 2023Latigo Petroleum,004354350$71.90$2.52
Nov 2023Latigo Petroleum,871662,1112,1110$77.69$2.71
Oct 2023Latigo Petroleum,2761892,2742,2740$85.64$2.98
Sep 2023Latigo Petroleum,1681681,9751,9750$89.43$2.64
Aug 2023Latigo Petroleum,1921792,4302,4300$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

OperatorLatigo Petroleum, LLCFieldKiowa Creek (Morrow, Upper-Oil)CountyLipscomb County

Latigo Petroleum, LLC in Lipscomb County

All Latigo Petroleum, LLC leases →

Kiowa Creek (Morrow, Upper-Oil) field

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

Leases within 10 km

Found by the location of their wells.

  • GUY OIL

    0 bbl last 12 months · 0.4 km away

  • PEERY "B"

    5,184 mcf last 12 months · 0.5 km away

  • PEERY "B"

    24,312 mcf last 12 months · 0.6 km away

  • GUY OIL

    0 mcf last 12 months · 0.9 km away

  • PEARL WHEAT 764

    5,301 bbl last 12 months · 0.9 km away

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 02933, district 10, 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.