LAS VEGAS RANCH

Name: LAS VEGAS RANCH lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by TRINITY OPERATING (USG), LLC (P-5 870209) in the BIG WELLS (SAN MIGUEL) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 9683District 01Field 08072500Hydrogen sulphide fieldNGPA filingOilCasinghead gasSave Export

Value, all time

$4.5 M

Jan 1993 – Apr 2020

Value, last 12 filed months

at the published price for each month

Months reported

328

no gaps in the span

Streams

oil, casinghead gas

The BIG WELLS (SAN MIGUEL) field

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 111 leases and 670 wells, and the rule below applies to all of them.

Discovered

1969-01-16

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,200 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1998-02-24.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: “PLAT REQUIRED.”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

Programme	Filings	With an approval date	Dated	Docket
NGPA	9	none	—	—

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

Stream	Basis	Volume	Value
Oil	Disposition	135,595 bbl	$4,522,596
Casinghead gas	Production	24,184 Mcf	$24,625
Total			$4,547,222

17,496 Mcf of this lease's gas, across 47 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (9)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 28.5471, -99.5098. A lease has no coordinate of its own — that point is the mean of its wells, and they span 3.6 miles.

28.54189, -99.51023 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule

100.0%

9 of 9 wells

With a plug date

77.8%

7 of 9 wells

Median depth

5,900 ft

9 wells filed one

Completion to plug

34.6 years

median over 7 wells

What the state filed about each well

On the RRC proration schedule

9100.0%

A plug date is filed

777.8%

BothOn the schedule and plugged. Neither fact cancels the other.

777.8%

NeitherNo plug date, and not on the schedule.

00.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

Total depth in feet, 9 of 9 wells. Median 5,900 ft, with the middle half between 5,850 and 5,906 ft; the shallowest is 5,825 ft and the deepest 6,000 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 9 of 9 wells, Mar 1984 – Dec 2006. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Mar 1984 – Dec 2006

9 of 9 wells

Plug dates filed

Dec 1997 – Dec 2019

7 of 9 wells; 2 filed none

Last completion to plug: a median of 34.6 years across the 7 wells that filed both dates, with the middle half between 13.4 years and 35.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

9 wells


42-12732644	53	5,850 ft	Dec 2006	—	Yes
42-12732643	54	6,000 ft	Sep 1993	May 2002	Yes
42-12732536	52	5,850 ft	May 1985	Dec 2019	Yes
42-12732535	51	5,900 ft	Nov 1984	Dec 1997	Yes
42-12732559	50	5,825 ft	Oct 1984	—	Yes
42-12732530	49	5,906 ft	Jul 1984	Dec 2019	Yes
42-12732529	48	5,900 ft	Jul 1984	Dec 2019	Yes
42-12732528	47	5,924 ft	Jun 1984	Dec 2019	Yes
42-12732511	46	5,900 ft	Mar 1984	Dec 1997	Yes

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (328)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

328 months


Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	0	0	49.88	1.98	$0
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	0	0	59.01	2.30	$0
Nov 2019	0	0	55.30	2.75	$0
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	0	0	55.05	2.66	$0
Aug 2019	0	0	53.11	2.30	$0
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	0	0	52.78	2.49	$0
May 2019	0	0	58.48	2.74	$0
Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	0	56.80	3.06	$0
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	4	0	61.78	2.77	$247
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	7	0	46.77	2.98	$327
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	4	0	48.76	3.72	$195
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	11	0	41.55	3.10	$457
Aug 2016	27	0	41.44	2.92	$1,119
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	219	0	45.35	2.69	$9,932
May 2016	143	0	42.52	1.99	$6,080
Apr 2016	140	0	36.56	1.99	$5,118
Mar 2016	139	0	33.01	1.79	$4,588
Feb 2016	213	0	26.47	2.06	$5,638
Jan 2016	217	0	27.35	2.36	$5,935
Dec 2015	209	0	32.36	2.00	$6,763
Nov 2015	141	0	38.79	2.17	$5,469
Oct 2015	210	0	43.55	2.43	$9,146
Sep 2015	209	0	42.99	2.76	$8,985
Aug 2015	211	0	40.16	2.87	$8,474
Jul 2015	219	0	48.15	2.95	$10,545
Jun 2015	280	0	56.15	2.88	$15,722
May 2015	209	0	55.21	2.96	$11,539
Apr 2015	215	0	49.82	2.71	$10,711
Mar 2015	283	0	42.89	2.93	$12,138
Feb 2015	211	0	44.66	2.98	$9,423
Jan 2015	281	0	43.43	3.10	$12,204
Dec 2014	213	0	54.69	3.59	$11,649
Nov 2014	288	0	70.46	4.25	$20,292
Oct 2014	206	0	78.30	3.90	$16,130
Sep 2014	263	0	86.16	4.05	$22,660
Aug 2014	187	0	89.39	4.04	$16,716
Jul 2014	244	0	96.56	4.18	$23,561
Jun 2014	246	0	98.16	4.74	$24,147
May 2014	244	0	94.73	4.73	$23,114
Apr 2014	181	0	95.94	4.81	$17,365
Mar 2014	245	0	95.89	5.06	$23,493
Feb 2014	185	0	97.40	6.19	$18,019
Jan 2014	247	0	90.40	4.86	$22,329
Dec 2013	302	0	91.82	4.35	$27,730
Nov 2013	178	0	88.85	3.74	$15,815
Oct 2013	304	0	97.42	3.78	$29,616
Sep 2013	119	0	104.11	3.72	$12,389
Aug 2013	241	0	104.25	3.52	$25,124
Jul 2013	237	0	102.52	3.72	$24,297
Jun 2013	241	0	94.40	3.93	$22,750
May 2013	186	0	94.83	4.15	$17,638
Apr 2013	193	0	93.96	4.28	$18,134
Mar 2013	249	0	93.62	3.91	$23,311
Feb 2013	247	0	91.23	3.42	$22,534
Jan 2013	195	0	91.60	3.42	$17,862
Dec 2012	275	0	86.77	3.42	$23,862
Nov 2012	258	0	86.95	3.62	$22,433
Oct 2012	187	0	89.38	3.40	$16,714
Sep 2012	183	0	94.67	2.92	$17,325
Aug 2012	247	0	92.66	2.91	$22,887
Jul 2012	224	0	85.13	3.02	$19,069
Jun 2012	242	0	79.82	2.52	$19,316
May 2012	248	0	91.61	2.49	$22,719
Apr 2012	191	0	101.65	2.00	$19,415
Mar 2012	248	0	105.05	2.22	$26,052
Feb 2012	251	0	101.10	2.57	$25,376
Jan 2012	246	0	98.09	2.73	$24,130
Dec 2011	246	0	96.87	3.24	$23,830
Nov 2011	250	0	95.72	3.31	$23,930
Oct 2011	244	0	84.98	3.65	$20,735
Sep 2011	255	0	83.62	3.99	$21,323
Aug 2011	263	0	83.40	4.15	$21,934
Jul 2011	268	0	94.14	4.52	$25,230
Jun 2011	204	0	92.90	4.64	$18,952
May 2011	276	0	98.13	4.40	$27,084
Apr 2011	213	0	105.96	4.33	$22,569
Mar 2011	205	0	96.36	4.06	$19,754
Feb 2011	308	0	85.64	4.18	$26,377
Jan 2011	244	0	86.50	4.59	$21,106
Dec 2010	124	0	85.73	4.35	$10,631
Nov 2010	249	0	80.84	3.80	$20,129
Oct 2010	256	0	78.10	3.51	$19,994
Sep 2010	68	0	72.63	3.98	$4,939
Aug 2010	200	0	73.68	4.42	$14,736
Jul 2010	324	0	72.55	4.74	$23,506
Jun 2010	248	0	70.36	4.91	$17,449
May 2010	256	0	71.12	4.24	$18,207
Apr 2010	255	0	81.69	4.12	$20,831
Mar 2010	329	0	78.39	4.39	$25,790
Feb 2010	204	0	73.58	5.44	$15,010
Jan 2010	332	0	74.36	5.96	$24,688
Dec 2009	275	0	71.44	5.48	$19,646
Nov 2009	269	0	74.59	3.75	$20,065
Oct 2009	270	0	72.54	4.11	$19,586
Sep 2009	266	0	65.54	3.06	$17,434
Aug 2009	270	0	67.42	3.22	$18,203
Jul 2009	274	0	61.13	3.46	$16,750
Jun 2009	282	0	66.16	3.90	$18,657
May 2009	371	0	54.74	3.93	$20,309
Apr 2009	228	0	46.77	3.59	$10,664
Mar 2009	369	0	42.14	4.06	$15,550
Feb 2009	293	0	32.81	4.63	$9,613
Jan 2009	305	0	35.86	5.37	$10,937
Dec 2008	297	0	37.10	5.98	$11,019
Nov 2008	341	0	55.49	6.86	$18,922
Oct 2008	367	0	75.24	6.92	$27,613
Sep 2008	227	0	101.76	7.88	$23,100
Aug 2008	373	0	114.22	8.48	$42,604
Jul 2008	293	0	131.08	11.39	$38,406
Jun 2008	403	0	131.33	13.03	$52,926
May 2008	304	0	123.17	11.57	$37,444
Apr 2008	307	0	110.31	10.45	$33,865
Mar 2008	356	0	101.90	9.66	$36,276
Feb 2008	282	0	92.53	8.77	$26,093
Jan 2008	370	0	90.38	8.21	$33,441
Dec 2007	239	0	88.33	7.30	$21,111
Nov 2007	335	0	91.67	7.29	$30,709
Oct 2007	309	0	82.85	6.92	$25,601
Sep 2007	277	0	75.84	6.24	$21,008
Aug 2007	168	0	69.06	6.39	$11,602
Jul 2007	277	0	70.90	6.39	$19,639
Jun 2007	370	0	62.00	7.55	$22,940
May 2007	414	0	58.74	7.85	$24,318
Apr 2007	420	0	59.61	7.81	$25,036
Mar 2007	399	0	56.92	7.30	$22,711
Feb 2007	314	0	55.10	8.22	$17,301
Jan 2007	331	0	50.30	6.73	$16,649
Dec 2006	443	0	56.65	6.92	$25,096
Nov 2006	629	7	54.20	7.62	$34,145
Oct 2006	586	4	54.90	6.01	$32,195
Sep 2006	407	8	60.08	5.04	$24,493
Aug 2006	635	18	68.71	7.34	$43,763
Jul 2006	648	46	69.37	6.34	$45,244
Jun 2006	376	17	66.28	6.38	$25,030
May 2006	272	13	66.01	6.42	$18,038
Apr 2006	354	21	64.39	7.36	$22,949
Mar 2006	290	24	56.70	7.08	$16,613
Feb 2006	234	14	57.59	7.75	$13,585
Jan 2006	311	11	60.59	8.93	$18,942
Dec 2005	466	10	54.94	13.42	$25,736
Nov 2005	312	43	54.69	10.59	$17,519
Oct 2005	424	53	58.34	13.80	$25,467
Sep 2005	235	29	61.45	12.08	$14,791
Aug 2005	165	18	61.51	9.80	$10,325
Jul 2005	487	40	55.69	7.84	$27,435
Jun 2005	635	87	52.33	7.38	$33,872
May 2005	336	100	45.22	6.65	$15,859
Apr 2005	163	90	49.20	7.36	$8,682
Mar 2005	109	62	50.37	7.15	$5,934
Feb 2005	110	0	45.22	6.31	$4,974
Jan 2005	230	37	43.16	6.32	$10,161
Dec 2004	126	48	39.86	6.75	$5,346
Nov 2004	192	35	45.28	6.33	$8,915
Oct 2004	199	72	49.70	6.52	$10,359
Sep 2004	183	52	43.24	5.28	$8,188
Aug 2004	136	36	42.37	5.55	$5,962
Jul 2004	63	0	38.28	6.08	$2,412
Jun 2004	133	19	36.10	6.43	$4,924
May 2004	67	29	37.48	6.49	$2,700
Apr 2004	199	0	34.47	5.86	$6,860
Mar 2004	261	0	34.36	5.53	$8,968
Feb 2004	156	0	32.45	5.51	$5,062
Jan 2004	100	0	32.03	6.30	$3,203
Dec 2003	222	0	30.26	6.30	$6,718
Nov 2003	379	0	28.80	4.60	$10,915
Oct 2003	362	0	28.17	4.76	$10,198
Sep 2003	542	0	26.31	4.75	$14,260
Aug 2003	815	0	29.76	5.13	$24,254
Jul 2003	134	0	29.41	5.17	$3,941
Jun 2003	673	0	28.56	5.98	$19,221
May 2003	761	0	26.59	5.97	$20,235
Apr 2003	207	0	26.67	5.41	$5,521
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	29	0	24.58	3.06	$713
Jun 2002	110	14	23.73	3.34	$2,657
May 2002	67	27	24.66	3.58	$1,749
Apr 2002	137	22	23.65	3.51	$3,317
Mar 2002	74	47	22.00	3.10	$1,774
Feb 2002	242	25	18.22	2.38	$4,469
Jan 2002	100	0	17.17	2.38	$1,717
Dec 2001	105	0	16.93	2.36	$1,778
Nov 2001	207	81	18.07	2.41	$3,935
Oct 2001	76	81	19.78	2.53	$1,708
Sep 2001	132	89	24.26	2.25	$3,403
Aug 2001	173	82	24.87	3.05	$4,553
Jul 2001	277	93	23.93	3.20	$6,926
Jun 2001	315	146	24.56	3.82	$8,295
May 2001	301	80	25.52	4.31	$8,026
Apr 2001	325	78	24.68	5.34	$8,437
Mar 2001	280	92	24.54	5.38	$7,366
Feb 2001	415	83	27.75	5.77	$11,995
Jan 2001	350	81	27.47	8.40	$10,295
Dec 2000	440	97	26.88	9.12	$12,712
Nov 2000	122	40	32.21	5.66	$4,156
Oct 2000	139	41	31.23	5.15	$4,552
Sep 2000	118	43	31.87	5.19	$3,984
Aug 2000	143	9	29.64	4.54	$4,279
Jul 2000	136	42	28.53	4.09	$4,052
Jun 2000	149	7	29.30	4.40	$4,396
May 2000	174	8	27.26	3.68	$4,773
Apr 2000	113	43	24.51	3.12	$2,904
Mar 2000	134	7	28.42	2.86	$3,828
Feb 2000	158	45	27.62	2.73	$4,487
Jan 2000	369	53	25.27	2.48	$9,456
Dec 1999	219	44	24.28	2.42	$5,424
Nov 1999	341	29	23.19	2.43	$7,978
Oct 1999	314	25	20.98	2.80	$6,658
Sep 1999	351	81	21.75	2.62	$7,846
Aug 1999	351	102	19.26	2.88	$7,054
Jul 1999	347	78	17.89	2.37	$6,393
Jun 1999	273	37	15.94	2.36	$4,439
May 1999	393	58	15.79	2.32	$6,340
Apr 1999	262	42	15.10	2.21	$4,049
Mar 1999	371	77	12.47	1.84	$4,768
Feb 1999	347	0	9.98	1.82	$3,463
Jan 1999	346	61	10.38	1.90	$3,707
Dec 1998	184	41	9.20	1.77	$1,766
Nov 1998	200	65	10.89	2.19	$2,320
Oct 1998	429	129	12.42	1.97	$5,582
Sep 1998	305	44	12.59	2.08	$3,932
Aug 1998	395	36	11.30	1.91	$4,532
Jul 1998	295	81	11.74	2.24	$3,645
Jun 1998	391	75	11.24	2.24	$4,563
May 1998	447	138	12.62	2.21	$5,946
Apr 1998	477	152	13.04	2.51	$6,601
Mar 1998	547	160	12.80	2.31	$7,371
Feb 1998	496	139	13.95	2.30	$7,239
Jan 1998	570	96	14.70	2.15	$8,586
Dec 1997	689	115	16.32	2.41	$11,522
Nov 1997	597	139	18.19	3.09	$11,289
Oct 1997	701	170	19.25	3.15	$14,030
Sep 1997	621	159	17.74	2.95	$11,486
Aug 1997	825	0	17.86	2.55	$14,735
Jul 1997	898	0	17.58	2.25	$15,787
Jun 1997	872	143	17.24	2.26	$15,356
May 1997	879	269	18.97	2.31	$17,296
Apr 1997	847	304	17.88	2.08	$15,778
Mar 1997	943	352	18.95	1.94	$18,552
Feb 1997	792	266	20.49	2.21	$16,815
Jan 1997	990	382	23.48	3.54	$24,597
Dec 1996	866	422	23.32	—	$20,195
Nov 1996	928	432	21.97	—	$20,388
Oct 1996	950	471	23.31	—	$22,145
Sep 1996	973	395	22.22	—	$21,620
Aug 1996	971	374	20.26	—	$19,672
Jul 1996	1,013	442	19.55	—	$19,804
Jun 1996	973	333	18.73	—	$18,224
May 1996	1,062	382	19.43	—	$20,635
Apr 1996	908	339	21.51	—	$19,531
Mar 1996	1,195	393	19.38	—	$23,159
Feb 1996	1,030	361	16.98	—	$17,489
Jan 1996	1,178	372	17.07	—	$20,108
Dec 1995	1,150	368	17.19	—	$19,769
Nov 1995	1,096	331	16.00	—	$17,536
Oct 1995	1,107	396	15.43	—	$17,081
Sep 1995	1,165	439	16.18	—	$18,850
Aug 1995	1,246	62	15.92	—	$19,836
Jul 1995	1,294	84	15.24	—	$19,721
Jun 1995	1,387	314	16.41	—	$22,761
May 1995	1,405	471	17.56	—	$24,672
Apr 1995	1,453	542	17.73	—	$25,762
Mar 1995	1,581	449	16.44	—	$25,992
Feb 1995	1,546	433	16.58	—	$25,633
Jan 1995	1,695	326	15.92	—	$26,984
Dec 1994	1,655	214	15.03	—	$24,875
Nov 1994	1,718	10	15.90	—	$27,316
Oct 1994	1,388	0	15.58	—	$21,625
Sep 1994	1,396	25	15.29	—	$21,345
Aug 1994	1,424	78	16.13	—	$22,969
Jul 1994	1,427	159	17.56	—	$25,058
Jun 1994	1,364	9	17.09	—	$23,311
May 1994	1,402	80	15.88	—	$22,264
Apr 1994	1,505	93	14.14	—	$21,281
Mar 1994	1,663	17	12.46	—	$20,721
Feb 1994	1,687	329	12.50	—	$21,088
Jan 1994	1,698	582	12.66	—	$21,497
Dec 1993	1,816	331	12.33	—	$22,391
Nov 1993	1,854	339	14.49	—	$26,864
Oct 1993	1,744	580	15.85	—	$27,642
Sep 1993	1,699	444	15.03	—	$25,536
Aug 1993	1,922	778	15.66	—	$30,099
Jul 1993	1,844	627	15.46	—	$28,508
Jun 1993	1,814	727	16.79	—	$30,457
May 1993	1,943	692	17.68	—	$34,352
Apr 1993	1,887	663	18.05	—	$34,060
Mar 1993	2,053	764	18.14	—	$37,241
Feb 1993	1,730	688	17.90	—	$30,967
Jan 1993	699	336	16.93	—	$11,834

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

Feb 2018 — as filed, then multipliedworked

Oil                    4 bbl  × $ 61.78 =       $247
Casinghead gas         0 Mcf  × $  2.77 =         $0

────────────────────────────────────────────────────
Month total                                     $247

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 01/O/9683 is the state's own key, not one this site invented.