Texas operator · RRC P-5 840878
Team Operating, L.L.C.
Team Operating, L.L.C. runs 8 producing leases in 1 Texas county. The Railroad Commission shows 259,705 barrels of oil and 111,049 mcf of gas in the 12 months through Jul 2026.
Operator dossier · 1 county
- Producing leases
- 8of 47 on record
- Counties
- 1
- Biggest county
- Winkler County
- Biggest field
- Kermit
Get checks from Team Operating, L.L.C.?
Upload a royalty check stub or a phone photo. We compare each month with the state numbers for the lease and tell you what to ask.
Where they work
This county
- Gas, last 12 months
- 111,049 mcf
- RRC operator no.
- 840878
- Leases on record
- 47
- Data through
- Jul 2026
Production
Five years of Team Operating, L.L.C. output
Oil output from Team Operating, L.L.C. rose 99% over the last 12 months
260k bbl in the 12 months through Jul 2026, against 130k bbl in the 12 months before. Peak month: Jan 2023, 26k bbl.
Gas output from Team Operating, L.L.C. fell 77% over the last 12 months
111k mcf in the 12 months through Jul 2026, against 478k mcf in the 12 months before. Peak month: Oct 2023, 384k mcf.
SourceTexas Railroad Commission, Production Data Query, summed over every lease reported under operator 840878. Reported through Jul 2026, file dated Sep 18, 2026. The newest month is often revised as operators file late.
Leases
Team Operating, L.L.C. leases, biggest first
- CLS WALTON
08-48276Winkler CountyKermit
222,317bbl oil−12% on the year before
17,051bbl oil−13% on the year before
6,265bbl oil+9% on the year before
6,057bbl oil−8% on the year before
4,232bbl oil−48% on the year before
2,012bbl oil−5% on the year before
978bbl oil−12% on the year before
793bbl oil+1% on the year before
Showing 8 of 8.
SourceTexas Railroad Commission, Production Data Query. Ranked by an approximate value of last-12-month output, so oil and gas wells sort together.
Where they work
Counties and fields where Team Operating, L.L.C. produces
Counties, by Team Operating, L.L.C. oil
Winkler County leads
Fields, by Team Operating, L.L.C. oil
Kermit leads
Recent drilling permits for Team Operating, L.L.C.
No recent drilling permits for Team Operating, L.L.C. are in our data yet.
How to read the statement
How to read a Team Operating, L.L.C. royalty statement
The header: who paid you, and for which check
Look for the payor name, your owner number, the check number and the check date. Keep the owner number: every call or letter to the operator starts with it.
What we knowTeam Operating, L.L.C. is Railroad Commission operator 840878. The name on your check may be a parent company or a payment subsidiary.
The property line: which lease this is
Each lease you own in gets its own block, named as the operator names it. That name can be shorter than the state's, or carry a suffix such as a well number or unit letter.
What we knowTeam Operating, L.L.C. runs 8 producing leases, so one check can list many properties. Find yours in the table above by name, or search for the name printed on the stub.
Product and volume: barrels, mcf, and the month
The stub shows the production month (the production month, not the check month), the product and your share of the volume. Divide your volume by your decimal to get the lease total, then compare it with the lease page.
What we knowFor example, open CLS WALTON, CLS WALTON STATE or TEXACO HALLEY and read the “oil sold” and “gas sold” columns.
Price: what the operator says it got
Oil is usually close to the WTI benchmark for the month. Gas prices vary widely: they depend on where the gas is sold and on what the operator subtracts before it reports a price.
Deductions: gathering, compression, processing
Costs taken after the well. Some leases allow them and some do not; your lease and division order say which. A deduction that appears in one month and not the next is worth a question.
What we knowAbout 100% of the gas Team Operating, L.L.C. reported in the last 12 months went to processing plants, so expect processing and plant-product lines on gas statements. Another 0.0% went straight to a pipeline.
Taxes: severance and ad valorem
Texas severance tax is taken from your share: 4.6% of oil value and 7.5% of gas value at market. Ad valorem tax may also appear. The rate on your stub should match these.
Net: gross, minus deductions and taxes, times your share
Check the arithmetic: volume times price gives gross value, then subtract deductions and taxes. If the net does not match your check, or a month is missing, that is the first thing to ask about.
At a glance
Team Operating, L.L.C.
- RRC operator number (P-5)
- 840878
- Producing leases
- 8
- Counties
- 1
- Biggest county
- Winkler County
- Oil, last 12 months
- 259,705 bbl
- Gas sent to plants
- 100%
- Gas sold to pipelines
- 0.0%
- Gas flared or vented
- 0.0%
Owner relations
Who to call at Team Operating, L.L.C.
We have not yet added Team Operating, L.L.C.’s owner relations phone, mailing address or online portal. It is usually printed at the top or bottom of your statement. The Railroad Commission also holds an address for the operator under number 840878.
When there is something to ask