Free look-up
Who buys the oil and gas from my lease?
Your lease
The name your royalty statement prints, or the district and number.
Texas oil lease · RRC 08-58035 · Midland County
Interstate 8-32 C
Operated by Diamondback E&P LLC. State record through Jul 2026.
Interstate 8-32 C · RRC 08-58035 · Midland County
Who the state says buys and moves the production
Oil
Energy Transfer Company gathers it.
Gas from oil wells
Enterprise Products Operating LLC buys and gathers it.
Enterprise Products Operating LLC is listed as both the gatherer and the buyer, so the price it pays is the one that matters.
Ask the operator which price this buyer paid.
Oil
Listed on the operator’s P-4
Energy Transfer Company
Gathers it · 100% · since May 1, 2023
Gas from oil wells
Listed on the operator’s P-4
Enterprise Products Operating LLC
Buys it · 100% · since May 1, 2023
Enterprise Products Operating LLC
Gathers it · 100% · since May 1, 2023
Gas system number: 1. Ask for it when you call the buyer.
- Gathers
- Moves the production from the lease by truck or pipeline.
- Buys
- Buys the production, and its price is what your check is figured on.
- Nominates
- Schedules the volumes with the pipeline.
What Texas oil sold for
The Texas first purchase price, against WTI
The Energy Information Administration surveys what buyers paid for Texas crude at the lease. It usually runs a little under WTI, though in some months it is higher. It is a state average, so it is a guide to your price, not your price.
| Sold in | WTI | Texas price | Gap |
|---|---|---|---|
| Jun 2026 | $84.81 | $86.77 | +$1.96 |
| May 2026 | $102.13 | $106.68 | +$4.55 |
| Apr 2026 | $100.32 | $98.93 | −$1.39 |
| Mar 2026 | $91.38 | $89.75 | −$1.63 |
| Feb 2026 | $64.51 | $63.50 | −$1.01 |
| Jan 2026 | $60.04 | $59.13 | −$0.91 |
SourceEIA, Texas crude oil first purchase price, monthly. It is published about two months after the month.
SourceRailroad Commission of Texas, Form P-4 transporter and purchaser file, dated Sep 24, 2026 (source). A company listed here is authorised to move or buy the production; the state does not say what it paid.
Next: is the price on your stub fair?
Type the oil price from your stub. We set it against the Texas first purchase price, WTI and, when the operator is a public company, the price it told investors.
Lease page for Interstate 8-32 C.
What the list is
When an operator produces oil or gas in Texas it files a Form P-4 with the Railroad Commission. The form lists who is authorised to gather the production and who buys it. This page reads the Commission’s published file for your lease and puts it in plain words.
Why it matters to a royalty owner
- The buyer sets the price. Your royalty is figured on what the oil or gas sold for, so a different buyer can mean a different price.
- A company can do both jobs. When one company gathers and buys the gas, the fee for moving it can show up as a deduction on your stub. The deductions guide shows which lines to compare.
- A change is a question to ask. If a buyer was replaced before your price dropped, ask the operator why.
The list says who may buy, not what they paid. To see whether the price on your stub is in line with the market, use the oil price check. To have us check the whole statement against the state record, upload it.
Questions owners ask
Common questions
Short answers. Sources are at the end of the page.
How do I find out who buys the oil from my lease?
Look up the lease here. The operator files a Form P-4 with the Texas Railroad Commission that lists the gatherers and purchasers authorised to move and buy the lease's oil and gas. We read the Commission's published file and show the companies, the share each one takes and the date the listing began.
What is the difference between a gatherer and a purchaser?
A gatherer moves the production from the lease, by truck or pipeline. A purchaser buys it. They can be the same company. The purchaser's price is the one your royalty is figured on, so it is the company to ask about when a price looks low.
Why does a company show up without a name?
The transporter file lists each company by its Railroad Commission P-5 number. When the number is not in the Commission's company file we show it as a company number instead of guessing a name.
Does the buyer on the list tell me what I was paid?
No. The list shows who is authorised to buy and move the production. It says nothing about the price or the deductions. Compare the price on your stub with what Texas oil sold for using the oil price check.
How current is this?
The state publishes the P-4 file periodically, and each result shows the date of the file it came from. A company that stopped buying shows under the companies that used to be listed, with the date its listing ended.
The list is empty for my lease. What does that mean?
The Commission has no gatherer or purchaser on record for the lease. That happens on leases that have stopped producing or where the operator has not filed a current P-4. Ask the operator who buys the production.
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