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Royalty Clerk

Operator report card · RRC P-5 166150

Cog Operating LLC report card

What the public record shows about Cog Operating LLC: 1,259 producing leases in 9 Texas counties, output down 19% on the year, 1 leases gained and 163 left in 24 months. Every line names its source.

All leases and productionCheck my statement
Cog Operating LLCUpdated Oct 2, 2026What is known, from whom. No grades.
  1. Producing leases1,259
    State recordin 9 counties, reported through Jul 2026
  2. Oil, last 12 months against the 12 before−19%
    State record52,758,272 bbl
  3. Leases gained and left, 24 months+1 / −163
    State recordtaken over from, or passed to, another operator
  4. Gas vented or flared, last 12 months0.2%
    State recordshare of gas disposed of by disposition code 4
  5. Oil price it told investors, Q2 2026+$1.94 vs Texas
    EIA and SEC$99.40 a barrel, whole company; Texas first purchase $97.46
  6. What owners' statements shownot enough owners yet
    Owner statementsshown when 5 or more owners agree

Scale and direction

How much Cog Operating LLC produces, and which way it is moving

Totals across every lease the Railroad Commission lists under this operator. A change in the total can be a change in the leases, so the next section shows the leases gained and left.
Oil from Cog Operating LLC, 12 months to 2026/07
61M202465M202553M2026

Barrels, all leases, each bar the 12 months ending in that year's latest month, whole lease.

  • Oil: 52,758,272 barrels in the 12 months to Jul 2026, −19.0% on the 12 months before.
  • Gas: 201,093,044 mcf, −5.1% on the year before.
  • Gas disposition: 0.2% of the gas it disposed of in the last 12 months was reported vented or flared.
  • Source: Railroad Commission of Texas, Production Data Query, file dated Sep 18, 2026. Open the source.

Leases gained and left

Leases Cog Operating LLC took over and passed on, last 24 months

A lease changes hands when the Railroad Commission's production reports switch from one operator to another. The lists show the biggest first; your statement's payor changes the month the reports do.

Gained (1)

None in the last 24 months.

Left (163)

  • Tycoon EReeves County · District 08, lease 47012 · reported under another operator after Mar 2026
  • Ross Cotton Farms 120Terry County · District 8A, lease 70154 · reported under another operator after Sep 2025
  • Railway Ranch "30"Upton County · District 7C, lease 16555 · reported under another operator after May 2025
  • TXL "31"Upton County · District 7C, lease 16786 · reported under another operator after May 2025
  • McClure, W. W. A/C 1Upton County · District 7C, lease 02511 · reported under another operator after May 2025
  • Railway Ranch "18"Upton County · District 7C, lease 16195 · reported under another operator after May 2025

Do your checks come from a different company than they did? See who took over whose leases, or read what the codes on a stub mean.

Who buys and moves its production

The companies that gather and buy Cog Operating LLC's oil and gas

Targa Pl Mid-Cont Westtex LLC is listed on 451 of 1,259 producing leases. Your royalty is figured on what the lease sold, whoever pays you.
Current gatherers and purchasers on Cog Operating LLC's producing leases
CompanyRoleLeasesof 1,259Shareof its leases
Targa Pl Mid-Cont Westtex LLCGatherer, Purchaser45136%
Enlink Permian, LLCGatherer37330%
Oneok Midland Midstream, LLCPurchaser34327%
Enterprise Products OperatingllcGatherer, Purchaser32125%
Enlink Crude Marketing, LLCGatherer24720%
Energy Transfer CompanyGatherer, Purchaser17614%
Beta Crude Connector, LLCGatherer17414%
Et Gathering & Processing LLCGatherer, Purchaser15913%

Railroad Commission P-4 filings, the newest one listing gatherers and purchasers for each lease. A lease can list more than one company.

Who buys my oil and gas? takes your own lease.

What it told investors

The oil price ConocoPhillips reported, next to the Texas price

Realized prices from the company's own SEC filings, across its whole portfolio or the region named, beside the EIA's first purchase price of Texas crude for the same three months. It is context for your check, not a price on your lease.
ConocoPhillips: realized oil price by quarter against the Texas first purchase price
QuarterOil, $ a barrelcompanyTexas first purchase3-month averageGap
Q2 2026 (10-Q)$99.40$97.46+$1.94
Q1 2026 (10-Q)$73.47$70.79+$2.68
Q3 2025 (10-Q)$66.13$64.47+$1.66
Q2 2025 (10-Q)$64.23$63.13+$1.10
Q1 2025 (10-Q)$71.65$70.97+$0.68
Q3 2024 (10-Q)$76.77$75.06+$1.71

Sources: SEC filings, linked on each quarter, and EIA.

Drilling activity

Wells Cog Operating LLC has permitted

142 drilling permits in the last 12 months, 142 of them horizontal. The newest was issued Sep 29, 2026. A permit is a plan to drill, not proof of a well or of anyone's ownership.

Recent drilling permits for Cog Operating LLC

Railroad Commission drilling permits.

What owners' statements show

Statements from Cog Operating LLC owners

Owners upload Cog Operating LLC statements to Royalty Clerk, and a figure is published only when 5 or more different owners are behind it. There are not enough yet.

Be one of the five

Upload a Cog Operating LLC statement and it counts, without your name, toward this comparison once enough owners have done the same. Your check is free, and you can opt out in one click.

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FAQ

Questions people ask

What is on the Cog Operating LLC report card?

the scale and direction of its output, leases it gained and left, who buys and moves its production, the prices it told investors and its drilling permits. Each line says where it comes from: Railroad Commission records, SEC filings, or statements uploaded by owners, and there is no grade or rank.

When does Cog Operating LLC have to pay my royalties?

The first payment is due 120 days after the end of the month of first sale from the well. After that, payment follows your lease or written agreement, and if that is silent, no later than 60 days after the end of the month for oil and 90 days for gas (Natural Resources Code section 91.402).

Where do the owner figures come from?

From statements owners uploaded to Royalty Clerk. A figure appears only when 5 or more different owners are behind it, each owner counts once, and we show a middle value and the middle half, never one owner's line. Owners can opt out and the figures are rebuilt without them.

How the comparison is built

My check from Cog Operating LLC looks low. What do I do?

Upload the stub or a photo. We compare each line with the state's numbers for your lease and the Texas first purchase price for the month, and tell you what to ask Cog Operating LLC.

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Keep going

Get checks from Cog Operating LLC?

Upload a stub or a phone photo. We compare every month with the state numbers for the lease and tell you what to ask.

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Sources

Primary sources, opened on 29 September 2026. Statute text is the current version on statutes.capitol.texas.gov.