LEACHMAN-LOCKHART UNIT

Operated by REDBUD E & P, INC. (P-5 696678) in the CLAY, NE (AUSTIN CHALK 11350) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 146975District 03Field 187050702 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.3 M
Aug 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
394
no gaps in the span
Streams
2
condensate, 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 34 leases and 34 wells, and the rule below applies to all of them.

Discovered
1981-07-23
as the register files it
Field class
Gas
the register's own label
Between wells
1,867 ft
minimum
From a lease line
933 ft
minimum

A drilling unit in this field needs at least 320 acres. The field rule took effect on 1992-06-08.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA SUSPENDED PER OPERATOR REQUEST, EFF 2-1-95.

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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas221993-12-03 – 2008-02-192 dockets
NGPA2none

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.

StreamBasisVolumeValue
CondensateDisposition80,773 bbl$1,868,519
GasProduction1,865,089 Mcf$2,474,982
Total$4,343,501

1,372,989 Mcf of this lease's gas, across 40 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 (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 30.4247, -96.3264. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.42474, -96.32645 · 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
15,272 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 15,272 ft.

Completions filed
Jun 2004
1 of 1 wells

1 well

42-05133374115,272 ftJun 2004

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 (394)

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

394 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 202201681.844.54$73
Dec 20210071.323.90$0
Nov 20210777.435.24$37
Oct 202102179.795.71$120
Sep 20210669.865.35$32
Aug 20210066.024.22$0
Jul 20210970.783.98$36
Jun 20210169.493.38$3
May 20210163.483.02$3
Apr 202101760.362.76$47
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210450.412.81$11
Dec 202021144.642.68$119
Nov 202014938.772.71$171
Oct 20200036.972.48$0
Sep 20202137.091.99$76
Aug 20201139.982.39$42
Jul 2020013038.371.83$237
Jun 202001434.901.69$24
May 20205316.921.81$90
Apr 20200114.751.80$2
Mar 2020215730.341.86$352
Feb 2020033349.881.98$660
Jan 2020248157.252.09$1,122
Dec 2019041359.012.30$952
Nov 201904055.302.75$110
Oct 20190153.472.42$2
Sep 2019143455.052.66$7,883
Aug 201942053.112.30$259
Jul 20191756056.272.46$9,995
Jun 201909552.782.49$237
May 2019292358.482.74$2,646
Apr 2019193962.632.75$2,646
Mar 201931,11856.803.06$3,594
Feb 201951,42150.852.79$4,222
Jan 2019433246.033.23$1,256
Dec 2018316746.594.19$839
Nov 2018349252.934.24$2,244
Oct 201821,84261.443.40$6,382
Sep 201817887859.543.11$13,327
Aug 201811,84659.403.07$5,720
Jul 201818367665.142.93$13,903
Jun 2018052760.183.08$1,622
May 2018128965.382.90$904
Apr 2018038363.842.90$1,111
Mar 2018034461.222.79$959
Feb 2018449361.782.77$1,611
Jan 201881,23762.874.01$5,462
Dec 201706057.272.92$175
Nov 201701355.423.12$41
Oct 20170749.292.98$21
Sep 20170847.523.09$25
Aug 201702045.373.00$60
Jul 20170643.873.09$19
Jun 201701042.493.09$31
May 201701445.373.26$46
Apr 201701047.933.21$32
Mar 20170046.772.98$0
Feb 201701750.452.95$50
Jan 20170049.413.42$0
Dec 201602748.763.72$101
Nov 201603042.492.64$79
Oct 201603046.193.09$93
Sep 201602141.553.10$65
Aug 201604041.442.92$117
Jul 201606441.622.92$187
Jun 20160045.352.69$0
May 2016331842.521.99$1,439
Apr 201601036.561.99$20
Mar 2016162333.011.79$5,353
Feb 201601026.472.06$21
Jan 201602427.352.36$57
Dec 201502332.362.00$46
Nov 20150438.792.17$9
Oct 201503143.552.43$75
Sep 201502542.992.76$69
Aug 20150640.162.87$17
Jul 201508448.152.95$247
Jun 201504056.152.88$115
May 2015010255.212.96$301
Apr 2015012849.822.71$346
Mar 2015015342.892.93$449
Feb 2015014444.662.98$429
Jan 2015016043.433.10$496
Dec 201419115254.693.59$10,992
Nov 2014015370.464.25$651
Oct 2014017478.303.90$679
Sep 2014017386.164.05$700
Aug 2014020189.394.04$811
Jul 201419222196.564.18$19,463
Jun 2014017098.164.74$805
May 2014013594.734.73$638
Apr 2014013695.944.81$654
Mar 2014012395.895.06$622
Feb 2014057797.406.19$3,573
Jan 2014088190.404.86$4,282
Dec 201319487791.824.35$21,632
Nov 2013088188.853.74$3,293
Oct 201301,20197.423.78$4,539
Sep 20130916104.113.72$3,405
Aug 20130979104.253.52$3,449
Jul 201301,034102.523.72$3,844
Jun 2013092794.403.93$3,646
May 201319386594.834.15$21,891
Apr 2013077893.964.28$3,332
Mar 2013081293.623.91$3,177
Feb 2013067791.233.42$2,315
Jan 2013088191.603.42$3,013
Dec 2012077786.773.42$2,657
Nov 2012079686.953.62$2,885
Oct 2012090189.383.40$3,063
Sep 201218481894.672.92$19,807
Aug 2012086092.662.91$2,501
Jul 2012075985.133.02$2,293
Jun 2012091079.822.52$2,292
May 2012092191.612.49$2,292
Apr 20120856101.652.00$1,709
Mar 20120909105.052.22$2,020
Feb 2012196934101.102.57$22,216
Jan 201201,02498.092.73$2,800
Dec 201101,07896.873.24$3,492
Nov 201101,12795.723.31$3,732
Oct 201101,18484.983.65$4,320
Sep 20111891,11883.623.99$20,260
Aug 201101,32683.404.15$5,502
Jul 201101,40894.144.52$6,360
Jun 201101,76492.904.64$8,185
May 20111921,06298.134.40$23,519
Apr 20110839105.964.33$3,636
Mar 2011094896.364.06$3,846
Feb 2011055585.644.18$2,320
Jan 2011089686.504.59$4,112
Dec 2010097985.734.35$4,256
Nov 201001,22580.843.80$4,649
Oct 20101971,29478.103.51$19,926
Sep 201001,31172.633.98$5,217
Aug 201001,17373.684.42$5,184
Jul 201001,20572.554.74$5,707
Jun 201001,06770.364.91$5,239
May 20101871,14371.124.24$18,140
Apr 201001,21981.694.12$5,026
Mar 201001,32078.394.39$5,793
Feb 201001,29173.585.44$7,026
Jan 20101951,52774.365.96$23,607
Dec 200901,54671.445.48$8,478
Nov 200901,66174.593.75$6,231
Oct 200901,58572.544.11$6,515
Sep 20091921,74465.543.06$17,929
Aug 200901,91067.423.22$6,147
Jul 200901,88861.133.46$6,541
Jun 20091911,88566.163.90$19,979
May 200902,07354.743.93$8,138
Apr 200902,12146.773.59$7,609
Mar 20092002,69042.144.06$19,347
Feb 200902,84332.814.63$13,172
Jan 20091977,52335.865.37$47,470
Dec 20081964,59637.105.98$34,743
Nov 2008086555.496.86$5,934
Oct 200819274175.246.92$19,575
Sep 200801,147101.767.88$9,035
Aug 200802,332114.228.48$19,782
Jul 200801,032131.0811.39$11,754
Jun 200801,844131.3313.03$24,032
May 20081932,184123.1711.57$49,050
Apr 200803,443110.3110.45$35,996
Mar 20081973,135101.909.66$50,371
Feb 200802,28392.538.77$20,023
Jan 200801,08190.388.21$8,870
Dec 20071962,17388.337.30$33,180
Nov 200702,00191.677.29$14,591
Oct 20071802,35382.856.92$31,200
Sep 200702,48975.846.24$15,542
Aug 20071923,00069.066.39$32,423
Jul 200702,84670.906.39$18,180
Jun 200702,78262.007.55$21,000
May 20071932,31558.747.85$29,501
Apr 200743,35959.617.81$26,456
Mar 20071943,42656.927.30$36,059
Feb 20071942,54155.108.22$31,566
Jan 200762,97850.306.73$20,334
Dec 20062093,57856.656.92$36,594
Nov 20062073,30054.207.62$36,357
Oct 200603,81254.906.01$22,925
Sep 20062042,35260.085.04$24,104
Aug 200602,56668.717.34$18,834
Jul 20062063,02369.376.34$33,464
Jun 2006038266.286.38$2,439
May 20061971,85666.016.42$24,929
Apr 200612,85164.397.36$21,049
Mar 20062092,73156.707.08$31,194
Feb 2006242,87457.597.75$23,659
Jan 20062062,91760.598.93$38,540
Dec 200511,49254.9413.42$20,071
Nov 20051831,85954.6910.59$29,692
Oct 200502,23258.3413.80$30,792
Sep 20051972,84761.4512.08$46,495
Aug 20051964,46861.519.80$55,828
Jul 200546355.697.84$717
Jun 20051971,58352.337.38$21,993
May 200502,13445.226.65$14,194
Apr 20051832,36749.207.36$26,426
Mar 200511,95350.377.15$14,024
Feb 20051992,97245.226.31$27,758
Jan 20051943,71743.166.32$31,873
Dec 20043764,01239.866.75$42,073
Nov 20043895,02245.286.33$49,405
Oct 20043466,54349.706.52$59,825
Sep 20043928,18343.245.28$60,188
Aug 200477811,93442.375.55$99,205
Jul 20041,53425,51438.286.08$213,953
Jun 20042,15024,23836.106.43$233,539
May 20040037.486.49$0
Apr 20041168534.475.86$4,496
Mar 200401,19234.365.53$6,592
Feb 200411,80732.455.51$9,988
Jan 20042052,61332.036.30$23,027
Dec 20032062,64230.266.30$22,882
Nov 200321,06528.804.60$4,951
Oct 2003023728.174.76$1,128
Sep 2003036426.314.75$1,729
Aug 200321,98629.765.13$10,247
Jul 2003030129.415.17$1,556
Jun 2003014028.565.98$838
May 2003022926.595.97$1,368
Apr 2003048026.675.41$2,595
Mar 200316258731.146.10$8,623
Feb 2003050033.487.93$3,963
Jan 2003032830.315.58$1,831
Dec 2002027426.914.85$1,330
Nov 2002080124.664.14$3,314
Oct 2002056326.464.23$2,381
Sep 2002066627.443.64$2,421
Aug 200216571325.963.16$6,539
Jul 2002074024.583.06$2,266
Jun 2002064423.733.34$2,150
May 2002064924.663.58$2,326
Apr 2002061223.653.51$2,150
Mar 2002099522.003.10$3,087
Feb 20021601,49618.222.38$6,469
Jan 200202,26117.172.38$5,371
Dec 200101,09116.932.36$2,580
Nov 20011661,33418.072.41$6,209
Oct 200102,07319.782.53$5,242
Sep 200101,46424.262.25$3,296
Aug 20011672,62624.873.05$12,171
Jul 200102,44623.933.20$7,820
Jun 200102,62524.563.82$10,038
May 20011611,63325.524.31$11,143
Apr 200101,81924.685.34$9,705
Mar 200101,19124.545.38$6,403
Feb 20011612,88927.755.77$21,129
Jan 200103,65327.478.40$30,681
Dec 200002,11826.889.12$19,321
Nov 20001622,07932.215.66$16,981
Oct 200003,30231.235.15$16,990
Sep 200003,20731.875.19$16,633
Aug 20001653,47629.644.54$20,674
Jul 200003,04728.534.09$12,461
Jun 20001862,84129.304.40$17,942
May 200004,13427.263.68$15,212
Apr 20001824,04724.513.12$17,071
Mar 200004,67228.422.86$13,361
Feb 20001812,78627.622.73$12,595
Jan 200003,67725.272.48$9,121
Dec 19991925,30324.282.42$17,515
Nov 19992035,73623.192.43$18,669
Oct 19991978,19720.982.80$27,115
Sep 1999052021.752.62$1,362
Aug 199917735619.262.88$4,433
Jul 1999026417.892.37$626
Jun 1999033915.942.36$801
May 19991844,10815.792.32$12,440
Apr 199902,96815.102.21$6,553
Mar 199908212.471.84$151
Feb 19990859.981.82$155
Jan 1999028310.381.90$538
Dec 19981853339.201.77$2,293
Nov 1998075010.892.19$1,639
Oct 1998093912.421.97$1,849
Sep 199801,19012.592.08$2,478
Aug 199801,03111.301.91$1,966
Jul 1998080011.742.24$1,790
Jun 199817693011.242.24$4,059
May 199801,17812.622.21$2,599
Apr 199801,27013.042.51$3,182
Mar 19981801,24012.802.31$5,168
Feb 199801,68013.952.30$3,863
Jan 19981802,30914.702.15$7,621
Dec 19971832,53916.322.41$9,108
Nov 19971822,65518.193.09$11,510
Oct 199703,53419.253.15$11,131
Sep 19971803,36217.742.95$13,128
Aug 19971873,95017.862.55$13,431
Jul 19971774,92017.582.25$14,167
Jun 199704,19717.242.26$9,473
May 19971605,99118.972.31$16,865
Apr 19973527,45517.882.08$21,821
Mar 19973649,88618.951.94$26,068
Feb 19971804,92520.492.21$14,552
Jan 19973766,21223.483.54$30,817
Dec 19961856,75523.32$4,314
Nov 19965457,68721.97$11,974
Oct 19963608,15523.31$8,392
Sep 19963548,18222.22$7,866
Aug 19965197,13120.26$10,515
Jul 19963666,38919.55$7,155
Jun 19961886,03618.73$3,521
May 19963307,11219.43$6,412
Apr 19963686,28621.51$7,916
Mar 19963567,42519.38$6,899
Feb 19963787,68716.98$6,418
Jan 19963608,50517.07$6,145
Dec 19957448,52817.19$12,789
Nov 199537410,00116.00$5,984
Oct 199572811,66015.43$11,233
Sep 199567912,16116.18$10,986
Aug 199552511,03115.92$8,358
Jul 199570511,28515.24$10,744
Jun 19955289,93416.41$8,664
May 199570310,94817.56$12,345
Apr 199564611,28517.73$11,454
Mar 199572618,26216.44$11,935
Feb 199574818,12216.58$12,402
Jan 19951,09024,75715.92$17,353
Dec 199490622,31115.03$13,617
Nov 19941,44931,47715.90$23,039
Oct 199493430,83815.58$14,552
Sep 19941,60434,16015.29$24,525
Aug 19941,62441,68516.13$26,195
Jul 19941,94746,95017.56$34,189
Jun 19942,31552,52617.09$39,563
May 19942,13357,86915.88$33,872
Apr 19942,67062,78114.14$37,754
Mar 19943,24773,24712.46$40,458
Feb 19942,88768,53812.50$36,088
Jan 19942,52642,67912.66$31,979
Dec 19934,172119,94512.33$51,441
Nov 19935,539142,92114.49$80,260
Oct 19938,112189,05515.85$128,575
Sep 19935,098110,68315.03$76,623
Aug 19930015.66$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.

Jan 2022 — as filed, then multipliedworked
Condensate             0 bbl  × $ 81.84 =         $0
Gas                   16 Mcf  × $  4.54 =        $73

────────────────────────────────────────────────────
Month total                                      $73

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. 03/G/146975 is the state's own key, not one this site invented.