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Royalty Clerk

Texas oil lease · RRC district 01 · Lease 14125

Producing

WR "K"

WR "K" is an oil lease in McMullen County, Texas, operated by Varas Energy Operating Company, in the A.w.p. (Olmos) field. The Railroad Commission shows 403 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 5 wells

403bbl oil, last 12 months−56% vs prior year
Operator
Varas Energy Operating Company,
County
McMullen County
Field
A.w.p. (Olmos)
RRC lease
01-14125

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Where it sits

This county

McMullen CountyMcMullenLA SalleAtascosaKarnesFrioLive OakMcMullen County
McMullen County · RRC district 01Open McMullen County →
Gas, last 12 months
6,240 mcf
Oil in Jul 2026
16 bbl
Reporting to the state
since Jan 2020
Wells
5

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 56% over the last 12 months

403 bbl in the 12 months through Jul 2026, against 906 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 56% over the last 12 monthsMonthly oil production and gas for WR "K", Aug 2023 to Jul 2026. Oil output fell 56% over the last 12 months. 403 bbl in the 12 months through Jul 2026, against 906 bbl in the 12 months before.Last 12 months: 403 bblbbl per monthmcf per month00505001001,0001501,5002002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 56% over the last 12 monthsMonthly oil production and gas for WR "K", Aug 2023 to Jul 2026. Oil output fell 56% over the last 12 months. 403 bbl in the 12 months through Jul 2026, against 906 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00505001001,0001501,5002002,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 14125, district 01. 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 2025 the lease's gas goes to a processing plant instead of a transmission line

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.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
Since Nov 2025 the lease's gas goes to a processing plant instead of a transmission lineShare of WR "K" gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2025 the lease's gas goes to a processing plant instead of a transmission line. 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 2025: line to plantOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2025 the lease's gas goes to a processing plant instead of a transmission lineShare of WR "K" gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2025 the lease's gas goes to a processing plant instead of a transmission line. 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 25: line to plantJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 14125, district 01. 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.

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 Jan 2025

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 timeDorado Drilling, Inc., Jan 2020 to Dec 2024; Varas Energy Operating Company,, Jan 2025 to Jul 20262020202120222023202420252026Changed Jan 2025Dorado Drilling, Inc.Jan 2020 to Dec 2024Varas Energy Operating Compan…Jan 2025 to now
Operators of this lease over timeDorado Drilling, Inc., Jan 2020 to Dec 2024; Varas Energy Operating Company,, Jan 2025 to Jul 20262020202120222023202420252026Changed Jan 2025Dorado Drilling, Inc.Jan 2020 to Dec 2024Varas Energy Operating Company,Jan 2025 to now

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

Wells

5 wells on this lease

Every well the Railroad Commission links to oil lease 14125 in district 01. The API number is the state’s ID for a well.
Wells on WR "K"
API numberWell no.Status
42-311-333243Shut-in
42-311-333274Active
42-311-333282Active
42-311-333317Active
42-311-3335810Active

SourceTexas Railroad Commission Wellbore Query, district 01, lease 14125.

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

    Trafigura Trading LLC, Enterprise Crude Oil LLC and Plains Marketing, L.p. gather it.

    Trafigura Trading LLC gathers it: 34% of it, on the list since Jan 1, 2025 · Enterprise Crude Oil LLC gathers it: 33% of it, on the list since Jan 1, 2025 · Plains Marketing, L.p. gathers it: 33% of it, on the list since Jan 1, 2025

  • Gas from oil wells

    Varas Energy Operating Company, buys it; Targa Southtex Ccng Gathering Lt gathers it.

    Varas Energy Operating Company, buys it: 100% of it, on the list since Jan 1, 2025 · Targa Southtex Ccng Gathering Lt gathers it: 100% of it, on the list since Jan 1, 2025

Companies that used to be listed: Enterprise Products Operating LLC (gathers it, until Jan 1, 2025); Southcross Ccng Gathering Ltd. (gathers it, until Jan 1, 2025); Silverbow Resources Oper, LLC (buys it, until Jan 1, 2025); Bp Products North America Inc. (gathers it, until Jan 1, 2025); Enterprise Crude Oil LLC (gathers it, until Jan 1, 2025); Flint Hills Resources, LP (gathers it, until Jan 1, 2025).

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

1,586.20 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
55 not plugged
Horizontal
0
First completion
Sep 1, 1997
Latest permit
Feb 18, 1997
Wells and acres on the permits for WR "K"
API numberWell no.Acreson the permit
42-311-33358101,586.20
42-311-3333171,586.20
42-311-3332431,586.20
42-311-3332741,586.20
42-311-3332821,586.20

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 WR "K" 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 WR "K"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Varas Energy16634313770$80.46$2.89
Jun 2026Varas Energy3306255580$84.81$3.15
May 2026Varas Energy69686625960$102.13$2.94
Apr 2026Varas Energy13643102630$100.32$2.77
Mar 2026Varas Energy6807336700$91.38$3.04
Feb 2026Varas Energy15522031680$64.51$3.62
Jan 2026Varas Energy42524273700$60.04$7.72
Dec 2025Varas Energy4005054600$57.97$4.26
Nov 2025Varas Energy39573703310$60.06$3.79
Oct 2025Varas Energy2203843320$60.89$3.19
Sep 2025Varas Energy39637326640$63.96$2.97
Aug 2025Varas Energy7648588020$64.86$2.91
Jul 2025Varas Energy21696265750$68.39$3.20
Jun 2025Varas Energy122587637390$68.17$3.02
May 2025Varas Energy111604894540$62.17$3.12
Apr 2025Varas Energy981551,1111,0490$63.54$3.42
Mar 2025Varas Energy431097416910$68.24$4.12
Feb 2025Varas Energy1391218267730$71.53$4.19
Jan 2025Varas Energy1531121,2961,2060$75.74$4.13
Dec 2024Dorado Drilling,101991,5671,4720$70.12$3.01
Nov 2024Dorado Drilling,11801,3601,2500$69.95$2.12
Oct 2024Dorado Drilling,0140000$71.99$2.20
Sep 2024Dorado Drilling,00000$70.24$2.28
Aug 2024Dorado Drilling,00000$76.68$1.99
Jul 2024Dorado Drilling,3510747410$81.80$2.07
Jun 2024Dorado Drilling,1170320$79.77$2.54
May 2024Dorado Drilling,3301581310$80.02$2.12
Apr 2024Dorado Drilling,00000$85.35$1.60
Mar 2024Dorado Drilling,6327000$81.28$1.49
Feb 2024Dorado Drilling,00000$77.25$1.72
Jan 2024Dorado Drilling,00000$74.15$3.18
Dec 2023Dorado Drilling,00000$71.90$2.52
Nov 2023Dorado Drilling,57078690$77.69$2.71
Oct 2023Dorado Drilling,4303212920$85.64$2.98
Sep 2023Dorado Drilling,0025220$89.43$2.64
Aug 2023Dorado Drilling,37069570$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

OperatorVaras Energy Operating Company,FieldA.w.p. (Olmos)CountyMcMullen County

Varas Energy Operating Company, in McMullen County

All Varas Energy Operating Company, leases →

A.w.p. (Olmos) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

  • WHEELER 3

    38,039 mcf last 12 months · 0.5 km away

  • WHEELER 3

    12,347 mcf last 12 months · 0.5 km away

  • WR "A"

    1,916 bbl last 12 months · 0.6 km away

  • WR "K"

    2,478 mcf last 12 months · 0.6 km away

  • CCW K

    538,505 mcf last 12 months · 0.7 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 14125, district 01, 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 WR "K"

Who operates the WR "K" lease?

The Railroad Commission lists Varas Energy Operating Company, (operator number 102824) as the operator of this lease in McMullen County, Texas. The operator history on this page shows earlier operators and when the record changed.

How much has the WR "K" lease produced?

The lease reported 403 bbl of oil and 6,240 mcf of gas in the last 12 months through Jul 2026. Monthly figures for 36 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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