MILAGROS RANCH Y

Operated by PALEO OIL COMPANY LLC (P-5 635131) in the HEARD RANCH (3500) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 281293District 02Field 40032396GasSaveExport
Value, all time
$1.9 M
Apr 2015 – May 2026
Value, last 12 filed months
$54 k
at the published price for each month
Months reported
134
no gaps in the span
Streams
1
gas

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 8 leases and 8 wells, and the rule below applies to all of them.

Discovered
1949-03-03
as the register files it
Field class
Gas
the register's own label
Between wells
0 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 2010-09-01.

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 06/01/2012.

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.

StreamBasisVolumeValue
GasProduction598,805 Mcf$1,872,836
Total$1,872,836

Wells on this lease (1)

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 28.3337, -97.5493. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.33367, -97.54931 · centre of the wells drawn, derived

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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
8,250 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

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

The one well that filed a depth was drilled to 8,250 ft.

Completions filed
Apr 2015
1 of 1 wells

1 well

42-0253388718,250 ftApr 2015

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 (134)

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

134 months

May 20260106.413.05$0
Apr 20262,48398.932.87$7,126
Mar 20262,63189.753.15$8,286
Feb 20262,57763.503.75$9,665
Jan 202641959.138.00$3,351
Dec 202535356.664.41$1,558
Nov 202595758.593.93$3,758
Oct 202578759.383.30$2,601
Sep 202540362.743.08$1,240
Aug 20251,93763.933.01$5,840
Jul 202581666.743.32$2,705
Jun 20252,53366.483.13$7,925
May 20253,07160.553.23$9,926
Apr 20252,74762.363.54$9,733
Mar 20254,64767.704.27$19,835
Feb 20252,07870.884.34$9,020
Jan 202545674.324.28$1,951
Dec 2024068.993.12$0
Nov 2024069.052.20$0
Oct 202412671.372.28$287
Sep 202412669.612.36$298
Aug 20249275.632.06$190
Jul 20241,36179.932.15$2,922
Jun 20242,15978.082.63$5,687
May 20242,63378.812.20$5,788
Apr 20242,57384.451.66$4,269
Mar 20242,26580.301.55$3,500
Feb 202496976.091.78$1,728
Jan 202493073.023.30$3,067
Dec 20231,02171.262.61$2,666
Nov 20231,42277.892.81$3,992
Oct 20231,42285.443.09$4,390
Sep 20231,42289.042.74$3,889
Aug 2023080.522.67$0
Jul 202356174.852.64$1,482
Jun 20232,92068.962.26$6,595
May 20232,19970.622.23$4,898
Apr 20232,47378.122.24$5,534
Mar 20233,41072.852.39$8,161
Feb 20232,51575.112.47$6,201
Jan 20232,28576.533.39$7,741
Dec 20222,45076.415.73$14,036
Nov 20222,87185.005.65$16,210
Oct 20221,88787.185.86$11,065
Sep 20222,18684.888.16$17,846
Aug 20222,79294.529.13$25,483
Jul 20224,106101.587.54$30,968
Jun 20221,912115.097.98$15,252
May 20221,881109.378.43$15,863
Apr 20222,473104.226.84$16,909
Mar 20223,821108.885.08$19,397
Feb 20223,01791.054.86$14,659
Jan 20224,14181.844.54$18,791
Dec 20214,55571.323.90$17,760
Nov 20213,92277.435.24$20,539
Oct 20214,10379.795.71$23,444
Sep 20214,39169.865.35$23,496
Aug 20213,86666.024.22$16,317
Jul 20213,50970.783.98$13,973
Jun 20213,59669.493.38$12,157
May 20214,57663.483.02$13,809
Apr 20215,04960.362.76$13,927
Mar 20214,45261.302.72$12,096
Feb 20213,54657.805.55$19,673
Jan 20214,58750.412.81$12,891
Dec 20204,67244.642.68$12,500
Nov 20204,68538.772.71$12,680
Oct 20205,06336.972.48$12,548
Sep 20205,22837.091.99$10,409
Aug 20205,46839.982.39$13,042
Jul 20206,86238.371.83$12,524
Jun 20206,81034.901.69$11,511
May 20205,93516.921.81$10,771
Apr 20207,35614.751.80$13,273
Mar 20206,54430.341.86$12,147
Feb 202039649.881.98$784
Jan 202034857.252.09$729
Dec 201939359.012.30$906
Nov 20195,07455.302.75$13,957
Oct 20196,86453.472.42$16,601
Sep 20196,60955.052.66$17,562
Aug 20196,42853.112.30$14,812
Jul 20197,85756.272.46$19,329
Jun 20197,14752.782.49$17,805
May 20195,75558.482.74$15,771
Apr 20191,78062.632.75$4,896
Mar 20195,36756.803.06$16,434
Feb 20195,32750.852.79$14,874
Jan 20195,35746.033.23$17,293
Dec 20185,29646.594.19$22,166
Nov 20184,73852.934.24$20,076
Oct 20187,30461.443.40$24,820
Sep 20186,69759.543.11$20,814
Aug 20188,17859.403.07$25,078
Jul 20187,02065.142.93$20,582
Jun 20187,59060.183.08$23,354
May 20188,92965.382.90$25,901
Apr 20188,93263.842.90$25,910
Mar 20189,90361.222.79$27,598
Feb 20189,46961.782.77$26,192
Jan 201813,21662.874.01$52,987
Dec 20179,26257.272.92$27,059
Nov 20179,61255.423.12$29,974
Oct 201710,16449.292.98$30,326
Sep 20179,20547.523.09$28,418
Aug 201727045.373.00$811
Jul 20179,15243.873.09$28,255
Jun 201710,61942.493.09$32,784
May 20178,84945.373.26$28,878
Apr 2017047.933.21$0
Mar 20179,06146.772.98$27,035
Feb 20178,40550.452.95$24,817
Jan 201711,47249.413.42$39,220
Dec 201611,95348.763.72$44,499
Nov 201611,42642.492.64$30,214
Oct 201616,09846.193.09$49,747
Sep 201613,82541.553.10$42,866
Aug 201616,09841.442.92$47,076
Jul 201614,30841.622.92$41,841
Jun 20169,82745.352.69$26,394
May 20162,97942.521.99$5,931
Apr 20168,52936.561.99$16,982
Mar 201616,43333.011.79$29,481
Feb 201613,19326.472.06$27,225
Jan 2016027.352.36$0
Dec 2015032.362.00$0
Nov 2015038.792.17$0
Oct 2015043.552.43$0
Sep 2015042.992.76$0
Aug 2015040.162.87$0
Jul 2015048.152.95$0
Jun 2015056.152.88$0
May 2015055.212.96$0
Apr 2015049.822.71$0

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.

Apr 2026 — as filed, then multipliedworked
Gas                2,483 Mcf  × $  2.87 =     $7,126

────────────────────────────────────────────────────
Month total                                   $7,126

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. 02/G/281293 is the state's own key, not one this site invented.