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Royalty Clerk

Texas oil lease · RRC district 06 · Lease 16178

Producing

WOOLF 2

Woolf 2 is an oil lease in Smith County, Texas, operated by Faulconer Energy, LLC in the Overton (Travis Peak) field. The Railroad Commission shows 7,177 bbl of oil in the 5 months reported, Mar 2026 through Jul 2026.

Oil lease dossier · 1 well

7,177bbl oil, since Mar 2026
Operator
Faulconer Energy, LLC
County
Smith County
Field
Overton (Travis Peak)
RRC lease
06-16178

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Where it sits

This county

Smith CountySmithVan ZandtGreggUpshurWoodRuskCampRainsHendersonSmith County
Smith County · RRC district 06Open Smith County →
Gas, since Mar 2026
9,539 mcf
Oil in Jul 2026
953 bbl
Reporting to the state
since Mar 2026
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 over 5 reported months

Too few months reported to show a trend.

  • Oil (bars, left axis)
  • Gas (line, right axis)
Oil output over 5 reported monthsMonthly oil production and gas for WOOLF 2, Mar 2026 to Jul 2026. Oil output over 5 reported months. Too few months reported to show a trend.bbl per monthmcf per month005005001,0001,0001,5001,5002,0002,0002,5002,500Oct 25Jan 26AprJul
Oil output over 5 reported monthsMonthly oil production and gas for WOOLF 2, Mar 2026 to Jul 2026. Oil output over 5 reported months. Too few months reported to show a trend.bbl per monthmcf per month005005001,0001,0001,5001,5002,0002,0002,5002,500Jan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 16178, district 06. 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.

94% of the gas went to a transmission line in the 5 months reported

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

  • Transmission line (2)
  • Lease fuel (1)
94% of the gas went to a transmission line in the 5 months reportedShare of WOOLF 2 gas by disposition code each month, Mar 2026 to Jul 2026. 94% of the gas went to a transmission line in the 5 months reported. Share of the lease’s gas by disposition code, per month0%50%100%Oct 25Jan 26AprJul
94% of the gas went to a transmission line in the 5 months reportedShare of WOOLF 2 gas by disposition code each month, Mar 2026 to Jul 2026. 94% of the gas went to a transmission line in the 5 months reported. Share of gas by disposition code0%50%100%Jan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 16178, district 06. 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 5 months reported.

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.

Faulconer Energy, LLC has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeFaulconer Energy, LLC, Mar 2026 to Jul 2026Faulconer Energy, LLCMar 2026 to nowthrough Jul 2026
Operators of this lease over timeFaulconer Energy, LLC, Mar 2026 to Jul 2026Faulconer Energy, LLCMar 2026 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 16178 in district 06. The API number is the state’s ID for a well.
Wells on WOOLF 2
API numberWell no.Status
42-423-315421Active

SourceTexas Railroad Commission Wellbore Query, district 06, lease 16178.

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

    Dk Trading & Supply, LLC gathers it.

    100% of it, on the list since Mar 1, 2026

  • Gas from oil wells

    Faulconer Energy, LLC buys it; Midcoast Pipelines (E Tx) L.p. gathers it.

    Faulconer Energy, LLC buys it: 100% of it, on the list since Mar 1, 2026 · Midcoast Pipelines (E Tx) L.p. gathers it: 100% of it, on the list since Mar 1, 2026

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

40 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
11 not plugged
Horizontal
0
First completion
Mar 1, 2026
Latest permit
Feb 2, 2026

A pooling certificate was filed

Your tract may share its production with neighbours in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

Wells and acres on the permits for Woolf 2
API numberWell no.Acreson the permit
42-423-31542140

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 WOOLF 2 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 5 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

5 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 WOOLF 2
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Faulconer Energy,9531,0242,0041,8710$80.46$2.89
Jun 2026Faulconer Energy,1,0571,0312,0151,8830$84.81$3.15
May 2026Faulconer Energy,1,2911,3942,0181,9040$102.13$2.94
Apr 2026Faulconer Energy,1,5771,7012,0381,9220$100.32$2.77
Mar 2026Faulconer Energy,2,2991,9331,4641,3750$91.38$3.04

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 WOOLF 2. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Faulconer Energy, LLC.

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  • A month that was never paid
  • Your share of the barrels and mcf
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  • Fees taken on gas
  • Late payment interest

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

OperatorFaulconer Energy, LLCFieldOverton (Travis Peak)CountySmith County

Faulconer Energy, LLC in Smith County

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Overton (Travis Peak) field

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Leases within 10 km

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 16178, district 06, 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.