-L- RANCH CO. -A-

Operated by MCGOWAN WORKING PARTNERS, INC. (P-5 549836) in the LOLITA (MARGINULINA ZONE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 874District 02Field 54457378OilCasinghead gasSaveExport
Value, all time
$5.3 M
Jan 1993 – May 2026
Value, last 12 filed months
$208 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
oil, casinghead 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 24 leases and 99 wells, and the rule below applies to all of them.

Discovered
1955-07-01
as the register files it
Field class
Oil and gas
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 1986-07-18.

The Commission's schedule remark for this field reads: TRANSFERRED FROM LOLITA FIELD 7-1-55

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
OilDisposition95,629 bbl$4,786,292
Casinghead gasProduction97,508 Mcf$469,187
Total$5,255,479

26 Mcf of this lease's gas, across 26 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 (21)

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 28.8346, -96.5194. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.1 miles.

28.83443, -96.51853 · 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
52.4%
11 of 21 wells
With a plug date
23.8%
5 of 21 wells
Median depth
5,934 ft
9 wells filed one
Completion to plug
7.9 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
1152.4%
A plug date is filed
523.8%
BothOn the schedule and plugged. Neither fact cancels the other.
523.8%
NeitherNo plug date, and not on the schedule.
1047.6%

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 21 wells. Median 5,934 ft, with the middle half between 5,310 and 5,941 ft; the shallowest is 1,850 ft and the deepest 6,610 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, 8 of 21 wells, Aug 1973 – Dec 2007. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Aug 1973 – Dec 2007
8 of 21 wells; 13 filed none
Plug dates filed
Sep 1979 – Feb 2006
5 of 21 wells; 16 filed none

Last completion to plug: a median of 7.9 years across the 3 wells that filed both dates, with the middle half between 4.4 years and 8.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

21 wells

42-2390214025,941 ftSep 1979Yes
42-2390214635Yes
42-2390214736Yes
42-2390224118Yes
42-2390224625Yes
42-23903250325,348 ftFeb 2006Yes
42-239022305
42-2390223511
42-2390223612
42-2390223713
42-23902248295,310 ft
42-2390224931
42-2390225238
42-239022344D5,934 ftDec 2007Yes
42-23902238155,284 ftSep 1980Jul 1981Yes
42-2390225342 H6,610 ftAug 1979Yes
42-2390224422D5,935 ftFeb 1976Jan 1984Yes
42-239021391D1,850 ftJul 1975Dec 1984Yes
42-2390375143 D6,048 ftJun 1975
42-2390223916Sep 1973
42-2390224017Aug 1973

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 (401)

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

401 months

May 2026168145106.413.05$18,319
Apr 202633315098.932.87$33,374
Mar 202617215589.753.15$15,925
Feb 202634014063.503.75$22,115
Jan 202616613559.138.00$10,895
Dec 202533715556.664.41$19,778
Nov 202516015558.593.93$9,983
Oct 202533415559.383.30$20,345
Sep 202517415062.743.08$11,378
Aug 202516813063.933.01$11,132
Jul 202534213066.743.32$23,256
Jun 202516415066.483.13$11,372
May 202534615560.553.23$21,451
Apr 202516615062.363.54$10,883
Mar 202532513567.704.27$22,579
Feb 202516313570.884.34$12,139
Jan 202517413574.324.28$13,509
Dec 202433615568.993.12$23,664
Nov 202416915069.052.20$11,999
Oct 202433715571.372.28$24,405
Sep 202416515069.612.36$11,840
Aug 202433315575.632.06$25,505
Jul 202402579.932.15$54
Jun 20240078.082.63$0
May 202433113578.812.20$26,383
Apr 202416415084.451.66$14,099
Mar 202434515580.301.55$27,943
Feb 202409576.091.78$169
Jan 202433112573.023.30$24,582
Dec 202317215571.262.61$12,661
Nov 202317011577.892.81$13,564
Oct 202333515585.443.09$29,101
Sep 202333115089.042.74$29,883
Aug 202316715580.522.67$13,861
Jul 202333415574.852.64$25,409
Jun 202309068.962.26$203
May 202332814070.622.23$23,475
Apr 202302578.122.24$56
Mar 202316613572.852.39$12,416
Feb 202317414075.112.47$13,414
Jan 202333315576.533.39$26,010
Dec 202216914076.415.73$13,715
Nov 202216915085.005.65$15,212
Oct 202233515587.185.86$30,114
Sep 202216815084.888.16$15,484
Aug 202233915594.529.13$33,457
Jul 2022168155101.587.54$18,234
Jun 2022167150115.097.98$20,417
May 2022337150109.378.43$38,123
Apr 2022169150104.226.84$18,639
Mar 2022179120108.885.08$20,099
Feb 202233514091.054.86$31,182
Jan 202216715581.844.54$14,371
Dec 202134615571.323.90$25,281
Nov 202116715077.435.24$13,716
Oct 202133915579.795.71$27,934
Sep 202116814569.865.35$12,512
Aug 202116812066.024.22$11,598
Jul 202133915570.783.98$24,612
Jun 202116615069.493.38$12,042
May 202117215563.483.02$11,386
Apr 202134115060.362.76$20,997
Mar 202116714061.302.72$10,617
Feb 202116710257.805.55$10,218
Jan 202133318650.412.81$17,309
Dec 202016718644.642.68$7,953
Nov 202033018038.772.71$13,281
Oct 202016618636.972.48$6,598
Sep 202016718037.091.99$6,552
Aug 202033918639.982.39$13,997
Jul 202016616238.371.83$6,665
Jun 202016815034.901.69$6,117
May 202016918616.921.81$3,197
Apr 202016618014.751.80$2,773
Mar 202016815630.341.86$5,387
Feb 202017117449.881.98$8,874
Jan 202016818657.252.09$10,008
Dec 201916318659.012.30$10,047
Nov 201917018055.302.75$9,896
Oct 201916813253.472.42$9,302
Sep 201916518055.052.66$9,562
Aug 201906053.112.30$138
Jul 201917218656.272.46$10,136
Jun 201916618052.782.49$9,210
May 201916618658.482.74$10,217
Apr 201916618062.632.75$10,892
Mar 201916418656.803.06$9,885
Feb 201916915050.852.79$9,012
Jan 201916618646.033.23$8,241
Dec 201816718646.594.19$8,559
Nov 201816418052.934.24$9,443
Oct 201816518661.443.40$10,770
Sep 201817245959.543.11$11,667
Aug 201816652759.403.07$11,476
Jul 201816752765.142.93$12,423
Jun 201817151060.183.08$11,860
May 201816651065.382.90$12,332
Apr 201816751063.842.90$12,141
Mar 201817152761.222.79$11,937
Feb 201816447661.782.77$11,449
Jan 201816949362.874.01$12,602
Dec 201716652757.272.92$11,046
Nov 201716651055.423.12$10,790
Oct 201716852749.292.98$9,853
Sep 2017040847.523.09$1,260
Aug 201717240845.373.00$9,029
Jul 201717252743.873.09$9,173
Jun 201716651042.493.09$8,628
May 201716052745.373.26$8,979
Apr 201716654047.933.21$9,691
Mar 201732055846.772.98$16,631
Feb 201717050450.452.95$10,065
Jan 201715050449.413.42$9,135
Dec 201616355848.763.72$10,025
Nov 201616041442.492.64$7,893
Oct 201616430646.193.09$8,521
Sep 201616354041.553.10$8,447
Aug 201616555841.442.92$8,469
Jul 201615855841.622.92$8,208
Jun 201616058045.352.69$8,814
May 201616962042.521.99$8,420
Apr 201616857036.561.99$7,277
Mar 201616658933.011.79$6,536
Feb 201633555126.472.06$10,005
Jan 201616758927.352.36$5,960
Dec 201516958932.362.00$6,648
Nov 201516745038.792.17$7,453
Oct 201516446543.552.43$8,271
Sep 201532136042.992.76$14,793
Aug 201516046440.162.87$7,758
Jul 201532346548.152.95$16,922
Jun 201516145056.152.88$10,337
May 201532146555.212.96$19,097
Apr 201516145049.822.71$9,239
Mar 201532346542.892.93$15,218
Feb 201515842044.662.98$8,306
Jan 201516046543.433.10$8,391
Dec 201432246554.693.59$19,280
Nov 201432445070.464.25$24,742
Oct 201416346578.303.90$14,577
Sep 201432445086.164.05$29,736
Aug 201416246589.394.04$16,358
Jul 201432346596.564.18$33,132
Jun 201416045098.164.74$17,837
May 201432146594.734.73$32,606
Apr 201416445095.944.81$17,898
Mar 201432046595.895.06$33,036
Feb 201416142097.406.19$18,282
Jan 201431346590.404.86$30,555
Dec 201333146591.824.35$32,417
Nov 201315445088.853.74$15,365
Oct 201332646597.423.78$33,516
Sep 2013163450104.113.72$18,643
Aug 2013319203104.253.52$33,971
Jul 2013326186102.523.72$34,113
Jun 201315818594.403.93$15,643
May 201332120794.834.15$31,299
Apr 201332619093.964.28$31,445
Mar 201316420293.623.91$16,144
Feb 201316222491.233.42$15,545
Jan 201332224891.603.42$30,343
Dec 201234021786.773.42$30,244
Nov 201215933986.953.62$15,054
Oct 201216316789.383.40$15,137
Sep 201232533994.672.92$31,757
Aug 201216124792.662.91$15,637
Jul 201232626385.133.02$28,547
Jun 201232143579.822.52$26,718
May 201216445091.612.49$16,144
Apr 2012323435101.652.00$33,702
Mar 2012327230105.052.22$34,862
Feb 2012163223101.102.57$17,052
Jan 201232631998.092.73$32,850
Dec 201132822096.873.24$32,486
Nov 201132430095.723.31$32,007
Oct 201116224984.983.65$14,675
Sep 201132626783.623.99$28,324
Aug 201132797583.404.15$31,317
Jul 201116426294.144.52$16,622
Jun 201104992.904.64$227
May 2011140098.134.40$13,738
Apr 201116113105.964.33$17,116
Mar 201109696.364.06$390
Feb 20111652085.644.18$14,214
Jan 201116531086.504.59$15,695
Dec 201016518385.734.35$14,941
Nov 201032318380.843.80$26,806
Oct 201016315578.103.51$13,274
Sep 201016011772.633.98$12,086
Aug 201010511073.684.42$8,223
Jul 201021018472.554.74$16,107
Jun 201021017870.364.91$15,650
May 201021514971.124.24$15,922
Apr 201028811081.694.12$23,980
Mar 20101638778.394.39$13,159
Feb 2010798173.585.44$6,254
Jan 201027917974.365.96$21,814
Dec 200928616271.445.48$21,320
Nov 200929417574.593.75$22,586
Oct 200928214672.544.11$21,056
Sep 200944615665.543.06$29,709
Aug 200929617567.423.22$20,520
Jul 200929016961.133.46$18,313
Jun 200927913666.163.90$18,988
May 200940116054.743.93$22,579
Apr 200924816146.773.59$12,177
Mar 200922715242.144.06$10,183
Feb 200921041032.814.63$8,790
Jan 200920844835.865.37$9,865
Dec 200829652337.105.98$14,108
Nov 200821666755.496.86$16,562
Oct 200820752975.246.92$19,236
Sep 2008325198101.767.88$34,632
Aug 2008325284114.228.48$39,531
Jul 2008223118131.0811.39$30,575
Jun 2008221290131.3313.03$32,803
May 2008340286123.1711.57$45,188
Apr 2008219251110.3110.45$26,782
Mar 2008334236101.909.66$36,315
Feb 200835428792.538.77$35,273
Jan 200822424190.388.21$22,223
Dec 200711518888.337.30$11,531
Nov 200719416591.677.29$18,987
Oct 200721530882.856.92$19,945
Sep 200716118375.846.24$13,353
Aug 200719538769.066.39$15,939
Jul 200719726470.906.39$15,654
Jun 200724149862.007.55$18,701
May 200737051258.747.85$25,751
Apr 200734849859.617.81$24,631
Mar 200724651556.927.30$17,763
Feb 200724358155.108.22$18,163
Jan 200717453250.306.73$12,331
Dec 200623476556.656.92$18,549
Nov 200634982654.207.62$25,208
Oct 200629880354.906.01$21,189
Sep 200643483260.085.04$30,266
Aug 200617568568.717.34$17,052
Jul 200629472669.376.34$25,000
Jun 200645474266.286.38$34,828
May 200628776166.016.42$23,834
Apr 200629974264.397.36$24,714
Mar 200643476456.707.08$30,019
Feb 200629077157.597.75$22,677
Jan 200629276360.598.93$24,508
Dec 200542581154.9413.42$34,229
Nov 200529476954.6910.59$24,221
Oct 200527478158.3413.80$26,760
Sep 200516576561.4512.08$19,380
Aug 200549340861.519.80$34,322
Jul 200530738755.697.84$20,132
Jun 200530736152.337.38$18,730
May 200535832645.226.65$18,357
Apr 200524429849.207.36$14,198
Mar 200535235650.377.15$20,277
Feb 200532530945.226.31$16,647
Jan 200533329443.166.32$16,231
Dec 200416826139.866.75$8,459
Nov 2004024945.286.33$1,576
Oct 200417327549.706.52$10,390
Sep 200417226843.245.28$8,853
Aug 2004175042.375.55$7,415
Jul 2004166038.286.08$6,354
Jun 20040036.106.43$0
May 2004169037.486.49$6,334
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 2003989528.565.98$3,367
May 2003978826.595.97$3,105
Apr 20031039126.675.41$3,239
Mar 20032119731.146.10$7,162
Feb 20030033.487.93$0
Jan 2003746930.315.58$2,628
Dec 20022217526.914.85$6,311
Nov 20023018724.664.14$7,783
Oct 2002015826.464.23$668
Sep 2002016927.443.64$614
Aug 2002015825.963.16$500
Jul 200216714624.583.06$4,552
Jun 200216712823.733.34$4,390
May 200216410924.663.58$4,435
Apr 20021759723.653.51$4,479
Mar 20023428122.003.10$7,775
Feb 200207218.222.38$171
Jan 200206617.172.38$157
Dec 20013495916.932.36$6,048
Nov 20011715418.072.41$3,220
Oct 20011564919.782.53$3,210
Sep 20011034324.262.25$2,596
Aug 20010024.873.05$0
Jul 20011671,00423.933.20$7,206
Jun 200131798424.563.82$11,548
May 20011771,00525.524.31$8,846
Apr 20011701,01324.685.34$9,600
Mar 200101,02424.545.38$5,505
Feb 20010027.755.77$0
Jan 200131992127.478.40$16,498
Dec 20001871,05326.889.12$14,633
Nov 20003461,07732.215.66$17,238
Oct 200051398131.235.15$21,069
Sep 20003521,06531.875.19$16,742
Aug 200036498429.644.54$15,257
Jul 20001671,06028.534.09$9,100
Jun 200018484229.304.40$9,094
May 200017498727.263.68$8,375
Apr 2000691,11224.513.12$5,156
Mar 200036028.422.86$1,023
Feb 200063027.622.73$1,740
Jan 200094025.272.48$2,375
Dec 199966024.282.42$1,602
Nov 199968023.192.43$1,577
Oct 199966020.982.80$1,385
Sep 199977021.752.62$1,675
Aug 199971019.262.88$1,367
Jul 1999125017.892.37$2,236
Jun 19990015.942.36$0
May 1999115015.792.32$1,816
Apr 199958015.102.21$876
Mar 19990012.471.84$0
Feb 19996709.981.82$669
Jan 199970010.381.90$727
Dec 199811409.201.77$1,049
Nov 1998145010.892.19$1,579
Oct 1998184012.421.97$2,285
Sep 1998132012.592.08$1,662
Aug 1998174011.301.91$1,966
Jul 1998149011.742.24$1,749
Jun 1998129011.242.24$1,450
May 1998411012.622.21$5,187
Apr 1998138013.042.51$1,800
Mar 1998230012.802.31$2,944
Feb 199860013.952.30$837
Jan 1998166014.702.15$2,440
Dec 1997205016.322.41$3,346
Nov 1997191018.193.09$3,474
Oct 1997215019.253.15$4,139
Sep 1997184017.742.95$3,264
Aug 1997252017.862.55$4,501
Jul 1997272017.582.25$4,782
Jun 1997205017.242.26$3,534
May 1997259018.972.31$4,913
Apr 1997270017.882.08$4,828
Mar 1997270018.951.94$5,117
Feb 1997234020.492.21$4,795
Jan 1997207023.483.54$4,860
Dec 1996268023.32$6,250
Nov 1996272021.97$5,976
Oct 1996208023.31$4,848
Sep 1996209022.22$4,644
Aug 1996211020.26$4,275
Jul 1996144019.55$2,815
Jun 1996208018.73$3,896
May 1996375019.43$7,286
Apr 1996264021.51$5,679
Mar 1996323019.38$6,260
Feb 1996128016.98$2,173
Jan 1996281017.07$4,797
Dec 1995101017.19$1,736
Nov 1995227016.00$3,632
Oct 1995252015.43$3,888
Sep 1995259016.18$4,191
Aug 1995411015.92$6,543
Jul 1995206015.24$3,139
Jun 1995570016.41$9,354
May 1995502017.56$8,815
Apr 1995274017.73$4,858
Mar 1995426016.44$7,003
Feb 1995246116.58$4,079
Jan 1995557115.92$8,867
Dec 1994422115.03$6,343
Nov 1994672115.90$10,685
Oct 1994665115.58$10,361
Sep 1994686115.29$10,489
Aug 1994668116.13$10,775
Jul 1994422117.56$7,410
Jun 1994751117.09$12,835
May 1994650115.88$10,322
Apr 1994472114.14$6,674
Mar 1994854112.46$10,641
Feb 19941,031112.50$12,888
Jan 1994968112.66$12,255
Dec 1993331112.33$4,081
Nov 1993884114.49$12,809
Oct 1993768115.85$12,173
Sep 1993926115.03$13,918
Aug 1993508115.66$7,955
Jul 1993601115.46$9,291
Jun 1993667116.79$11,199
May 1993690117.68$12,199
Apr 1993684118.05$12,346
Mar 1993822118.14$14,911
Feb 1993833117.90$14,911
Jan 1993997116.93$16,879

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.

May 2026 — as filed, then multipliedworked
Oil                  168 bbl  × $106.41 =    $17,877
Casinghead gas       145 Mcf  × $  3.05 =       $442

────────────────────────────────────────────────────
Month total                                  $18,319

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/O/874 is the state's own key, not one this site invented.