GRAVES UNIT "B"

Operated by PETROTX OPERATING, LLC (P-5 660964) in the MILTON, N. (13000) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 149888District 03Field 617598002 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.1 M
Jan 1994 – May 2026
Value, last 12 filed months
$278 k
at the published price for each month
Months reported
389
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 32 leases and 32 wells, and the rule below applies to all of them.

Discovered
1963-11-20
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,700 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1994-01-10.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA SUSPENDED PER OPERATOR REQUEST, EFF 9-1-94.

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 Gas112001-08-20144258
NGPA1none

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
CondensateDisposition57,709 bbl$1,722,789
GasProduction4,513,834 Mcf$9,334,208
Total$11,056,997

2,151,470 Mcf of this lease's gas, across 35 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 29.9895, -95.4437. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.98945, -95.44367 · 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
12,234 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 12,234 ft.

Completions filed
Jan 1994
1 of 1 wells

1 well

42-20132333112,234 ftJan 1994

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 (389)

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

389 months

May 2026975,766106.413.05$27,884
Apr 2026465,94598.932.87$21,611
Mar 202606,05889.753.15$19,079
Feb 2026455,32563.503.75$22,828
Jan 202604,94359.138.00$39,534
Dec 2025925,36056.664.41$28,868
Nov 202504,59358.593.93$18,034
Oct 202505,00359.383.30$16,534
Sep 2025674,91062.743.08$19,311
Aug 2025795,40363.933.01$21,339
Jul 2025796,01566.743.32$25,213
Jun 202505,70566.483.13$17,849
May 20251175,76060.553.23$25,703
Apr 202505,96162.363.54$21,121
Mar 2025506,60067.704.27$31,556
Feb 202506,13870.884.34$26,644
Jan 20251686,46474.324.28$40,143
Dec 202406,96468.993.12$21,737
Nov 20241556,17269.052.20$24,272
Oct 202406,83871.372.28$15,600
Sep 20243175,82669.612.36$35,841
Aug 2024786,67575.632.06$19,674
Jul 202405,85079.932.15$12,558
Jun 2024446,19478.082.63$19,750
May 202405,87078.812.20$12,905
Apr 2024485,71584.451.66$13,536
Mar 202406,66180.301.55$10,292
Feb 2024436,51776.091.78$14,896
Jan 202405,11173.023.30$16,854
Dec 2023507,90471.262.61$24,198
Nov 202306,12077.892.81$17,182
Oct 2023465,92085.443.09$22,207
Sep 202305,79589.042.74$15,850
Aug 2023455,51580.522.67$18,364
Jul 2023445,78574.852.64$18,576
Jun 202305,41568.962.26$12,230
May 2023436,11770.622.23$16,662
Apr 2023505,69878.122.24$16,657
Mar 2023445,34472.852.39$15,994
Feb 202305,01675.112.47$12,368
Jan 2023506,35376.533.39$25,349
Dec 202206,47976.415.73$37,119
Nov 202207,26485.005.65$41,014
Oct 2022485,59687.185.86$36,998
Sep 202204,61684.888.16$37,684
Aug 202205,60094.529.13$51,112
Jul 2022505,104101.587.54$43,574
Jun 202206,440115.097.98$51,373
May 2022477,178109.378.43$65,673
Apr 2022496,896104.226.84$52,259
Mar 202207,879108.885.08$39,997
Feb 202207,03691.054.86$34,187
Jan 202207,42081.844.54$33,670
Dec 2021506,83771.323.90$30,224
Nov 202105,74077.435.24$30,060
Oct 2021505,98179.795.71$38,164
Sep 2021474,99569.865.35$30,011
Aug 202105,08966.024.22$21,479
Jul 202106,32970.783.98$25,203
Jun 20214912,28769.493.38$44,943
May 202106,85463.483.02$20,683
Apr 2021485360.362.76$3,043
Mar 202109,08861.302.72$24,692
Feb 202105,85357.805.55$32,472
Jan 2021979,92050.412.81$32,768
Dec 202007,07044.642.68$18,916
Nov 2020503,70238.772.71$11,958
Oct 202007,25836.972.48$17,988
Sep 202005,14937.091.99$10,252
Aug 2020505,96239.982.39$16,219
Jul 20201005,73038.371.83$14,295
Jun 202005,24634.901.69$8,867
May 202005,62616.921.81$10,210
Apr 2020505,92114.751.80$11,421
Mar 2020496,22030.341.86$13,032
Feb 2020445,05949.881.98$12,215
Jan 2020485,51757.252.09$14,305
Dec 201906,92359.012.30$15,953
Nov 2019465,22555.302.75$16,916
Oct 2019375,83653.472.42$16,093
Sep 2019455,44455.052.66$16,943
Aug 201905,23453.112.30$12,061
Jul 2019474,44456.272.46$13,577
Jun 2019464,30852.782.49$13,160
May 201904,29358.482.74$11,764
Apr 2019924,43162.632.75$17,950
Mar 201904,56456.803.06$13,975
Feb 2019474,28950.852.79$14,366
Jan 201904,09946.033.23$13,232
Dec 2018944,87846.594.19$24,796
Nov 201805,13152.934.24$21,741
Oct 2018504,80461.443.40$19,396
Sep 2018474,62259.543.11$17,164
Aug 2018474,22859.403.07$15,757
Jul 2018433,74765.142.93$13,787
Jun 201804,56660.183.08$14,049
May 2018464,28565.382.90$15,437
Apr 2018634,79963.842.90$17,943
Mar 2018575,21561.222.79$18,023
Feb 201804,55461.782.77$12,597
Jan 2018484,54862.874.01$21,252
Dec 201704,99757.272.92$14,599
Nov 20171065,43055.423.12$22,807
Oct 2017535,46049.292.98$18,903
Sep 201705,46247.523.09$16,863
Aug 2017434,19345.373.00$14,548
Jul 201705,66543.873.09$17,489
Jun 2017564,72442.493.09$16,964
May 2017465,21445.373.26$19,102
Apr 2017565,13347.933.21$19,169
Mar 2017494,98346.772.98$17,159
Feb 201704,71550.452.95$13,922
Jan 2017575,55149.413.42$21,794
Dec 2016465,15048.763.72$21,416
Nov 2016604,85242.492.64$15,380
Oct 2016605,31846.193.09$19,205
Sep 201605,19841.553.10$16,117
Aug 2016585,46141.442.92$18,373
Jul 2016534,73741.622.92$16,058
Jun 2016555,29645.352.69$16,718
May 2016545,55042.521.99$13,346
Apr 201605,36536.561.99$10,682
Mar 2016665,54433.011.79$12,125
Feb 2016525,05326.472.06$11,804
Jan 2016635,57427.352.36$14,902
Dec 2015635,72432.362.00$13,495
Nov 2015665,44038.792.17$14,350
Oct 201505,56343.552.43$13,499
Sep 2015485,24342.992.76$16,526
Aug 201505,10540.162.87$14,664
Jul 2015674,58748.152.95$16,735
Jun 2015633,96456.152.88$14,965
May 2015615,70855.212.96$20,238
Apr 2015656,01149.822.71$19,507
Mar 2015646,01142.892.93$20,386
Feb 20151265,39544.662.98$21,684
Jan 201505,65143.433.10$17,522
Dec 2014645,62054.693.59$23,684
Nov 201405,06270.464.25$21,523
Oct 2014666,95978.303.90$32,315
Sep 20141314,29486.164.05$28,658
Aug 201406,54789.394.04$26,418
Jul 2014637,61396.564.18$37,903
Jun 2014587,30298.164.74$40,282
May 2014516,76794.734.73$36,816
Apr 2014526,84395.944.81$37,898
Mar 2014586,51295.895.06$38,492
Feb 2014707,35997.406.19$52,385
Jan 2014717,41390.404.86$42,451
Dec 2013667,60691.824.35$39,180
Nov 2013707,81988.853.74$35,449
Oct 2013698,37697.423.78$38,378
Sep 201308,240104.113.72$30,634
Aug 20131367,715104.253.52$41,355
Jul 2013556,295102.523.72$29,042
Jun 201305,40394.403.93$21,252
May 20131026,30694.834.15$35,837
Apr 2013556,22393.964.28$31,818
Mar 2013536,51493.623.91$30,450
Feb 201305,82291.233.42$19,911
Jan 2013395,96391.603.42$23,965
Dec 2012506,49586.773.42$26,552
Nov 201206,20886.953.62$22,504
Oct 201216,28889.383.40$21,467
Sep 2012335,72494.672.92$19,829
Aug 2012336,01292.662.91$20,542
Jul 2012406,14085.133.02$21,953
Jun 2012446,04079.822.52$18,727
May 2012456,46391.612.49$20,204
Apr 20121006,729101.652.00$23,601
Mar 201207,542105.052.22$16,759
Feb 2012274,164101.102.57$13,432
Jan 2012465,73598.092.73$20,192
Dec 2011695,57796.873.24$24,752
Nov 2011766,00395.723.31$27,152
Oct 2011776,87784.983.65$31,634
Sep 2011726,61583.623.99$32,387
Aug 2011776,76183.404.15$34,475
Jul 2011737,08494.144.52$38,872
Jun 2011806,84292.904.64$39,178
May 2011797,19198.134.40$39,427
Apr 2011706,518105.964.33$35,662
Mar 20111455,94196.364.06$38,077
Feb 2011656,10285.644.18$31,073
Jan 2011656,38986.504.59$34,940
Dec 2010686,24385.734.35$32,973
Nov 20101306,57880.843.80$35,475
Oct 2010665,23978.103.51$23,538
Sep 20101375,69372.633.98$32,605
Aug 201006,20073.684.42$27,400
Jul 20101686,17672.554.74$41,441
Jun 2010545,94770.364.91$33,002
May 2010585,68471.124.24$28,198
Apr 2010616,34981.694.12$31,158
Mar 20101136,74378.394.39$38,451
Feb 201005,80573.585.44$31,593
Jan 2010486,08474.365.96$39,855
Dec 2009905,57171.445.48$36,980
Nov 2009475,31174.593.75$23,430
Oct 2009924,80272.544.11$26,411
Sep 2009465,53265.543.06$19,969
Aug 2009946,53167.423.22$27,358
Jul 2009516,04861.133.46$24,071
Jun 2009696,69966.163.90$30,658
May 2009726,89454.743.93$31,005
Apr 20091096,73346.773.59$29,253
Mar 2009655,16242.144.06$23,692
Feb 2009406,18332.814.63$29,958
Jan 200963,70235.865.37$20,099
Dec 200806,22237.105.98$37,190
Nov 200806,18355.496.86$42,418
Oct 200806,93475.246.92$47,997
Sep 200806,082101.767.88$47,908
Aug 200804,512114.228.48$38,275
Jul 2008694,834131.0811.39$64,101
Jun 20081275,722131.3313.03$91,252
May 2008574,272123.1711.57$56,466
Apr 20081095,509110.3110.45$69,620
Mar 20081164,287101.909.66$53,250
Feb 2008504,84292.538.77$47,094
Jan 2008583,84090.388.21$36,752
Dec 20071424,86288.337.30$48,045
Nov 2007625,86491.677.29$48,442
Oct 2007675,06482.856.92$40,604
Sep 2007676,24575.846.24$44,076
Aug 200706,51169.066.39$41,592
Jul 200708,22470.906.39$52,534
Jun 200706,11862.007.55$46,181
May 200705,72258.747.85$44,896
Apr 200703,86659.617.81$30,175
Mar 200705,47856.927.30$40,000
Feb 200704,69955.108.22$38,607
Jan 200708,06350.306.73$54,239
Dec 200614056.656.92$793
Nov 2006602,61054.207.62$23,134
Oct 2006694,99354.906.01$33,815
Sep 2006414,57260.085.04$25,493
Aug 2006343,63368.717.34$29,002
Jul 20061033,45569.376.34$29,059
Jun 20061213,96566.286.38$33,332
May 20061892,88666.016.42$31,018
Apr 2006304,47964.397.36$34,899
Mar 2006584,77556.707.08$37,110
Feb 2006804,13857.597.75$36,681
Jan 2006353,50160.598.93$33,396
Dec 2005594,86754.9413.42$68,534
Nov 2005433,62454.6910.59$40,724
Oct 2005294,18758.3413.80$59,455
Sep 2005613,64961.4512.08$47,825
Aug 2005995,23061.519.80$57,327
Jul 2005584,28755.697.84$36,856
Jun 2005913,77452.337.38$32,618
May 20051064,61945.226.65$35,515
Apr 20051065,67949.207.36$47,015
Mar 2005685,39850.377.15$42,047
Feb 20051605,01145.226.31$38,864
Jan 2005896,92543.166.32$47,622
Dec 2004975,90239.866.75$43,711
Nov 20041067,49945.286.33$52,272
Oct 20042037,07249.706.52$56,164
Sep 20042016,52143.245.28$43,148
Aug 2004876,39042.375.55$39,155
Jul 20041345,21638.286.08$36,865
Jun 20041866,43536.106.43$48,111
May 20041917,58537.486.49$56,420
Apr 20042757,57034.475.86$53,828
Mar 20041455,93734.365.53$37,815
Feb 2004876,84132.455.51$40,514
Jan 2004567,74232.036.30$50,565
Dec 20031086,98930.266.30$47,310
Nov 20031076,77528.804.60$34,214
Oct 20031346,37628.174.76$34,122
Sep 20031009,22426.314.75$46,439
Aug 2003648,42429.765.13$45,117
Jul 2003618,69029.415.17$46,729
Jun 2003426,54528.565.98$40,358
May 2003576,87926.595.97$42,602
Apr 2003447,01226.675.41$39,089
Mar 2003625,95731.146.10$38,245
Feb 2003195,30433.487.93$42,675
Jan 2003216,17130.315.58$35,083
Dec 2002256,36626.914.85$31,572
Nov 2002366,52924.664.14$27,898
Oct 2002857,04226.464.23$32,031
Sep 2002656,01427.443.64$23,646
Aug 2002526,17425.963.16$20,885
Jul 2002756,31924.583.06$21,191
Jun 2002626,08823.733.34$21,794
May 2002676,29624.663.58$24,217
Apr 2002746,45523.653.51$24,422
Mar 2002876,42622.003.10$21,852
Feb 2002645,66018.222.38$14,612
Jan 20021166,15717.172.38$16,619
Dec 2001916,44416.932.36$16,777
Nov 20011776,72518.072.41$19,376
Oct 20011137,67419.782.53$21,642
Sep 20011589,26624.262.25$24,694
Aug 2001895,78124.873.05$19,864
Jul 2001535,91523.933.20$20,179
Jun 2001466,21924.563.82$24,912
May 2001509,36025.524.31$41,593
Apr 2001303,51024.685.34$19,467
Mar 2001122,77524.545.38$15,214
Feb 200115,65027.755.77$32,612
Jan 2001336,37427.478.40$54,440
Dec 20001555,99826.889.12$58,883
Nov 20001425,48032.215.66$35,580
Oct 20001205,80231.235.15$33,602
Sep 200008,98131.875.19$46,580
Aug 2000308,57329.644.54$39,817
Jul 20002258,28828.534.09$40,315
Jun 20002159,49329.304.40$48,043
May 200019613,76627.263.68$55,998
Apr 20001075,47524.513.12$19,683
Mar 2000010,10128.422.86$28,886
Feb 20008811,60227.622.73$34,063
Jan 20001568,68125.272.48$25,475
Dec 199922412,03724.282.42$34,613
Nov 199920010,19923.192.43$29,462
Oct 199916911,09220.982.80$34,644
Sep 199918011,05521.752.62$32,866
Aug 199919312,20119.262.88$38,802
Jul 199913915,47517.892.37$39,199
Jun 19991058,38815.942.36$21,487
May 1999557,77715.792.32$18,919
Apr 1999717,86215.102.21$18,432
Mar 199911111,31212.471.84$22,179
Feb 19998910,1039.981.82$19,253
Jan 1999696,94110.381.90$13,904
Dec 1998847,5569.201.77$14,172
Nov 1998798,66910.892.19$19,808
Oct 19989812,05912.421.97$24,964
Sep 1998313,00312.592.08$6,644
Aug 19988310,21411.301.91$20,420
Jul 199810111,89511.742.24$27,798
Jun 199810514,01111.242.24$32,527
May 19989312,84112.622.21$29,505
Apr 1998728,99013.042.51$23,462
Mar 199813615,10712.802.31$36,630
Feb 199815312,35813.952.30$30,547
Jan 199833618,25814.702.15$44,281
Dec 199726512,26316.322.41$33,892
Nov 199732419,07818.193.09$64,811
Oct 199729719,85719.253.15$68,263
Sep 199728318,58617.742.95$59,940
Aug 199733221,93917.862.55$61,978
Jul 199728114,62717.582.25$37,806
Jun 199735419,44417.242.26$49,992
May 199735420,82818.972.31$54,797
Apr 199743126,17217.882.08$62,217
Mar 199720810,80118.951.94$24,886
Feb 199736717,14620.492.21$45,342
Jan 199757425,75923.483.54$104,657
Dec 199668927,35623.32$16,067
Nov 199668426,48021.97$15,027
Oct 199674028,35623.31$17,249
Sep 199666433,59622.22$14,754
Aug 199672436,02420.26$14,668
Jul 199632314,88119.55$6,315
Jun 199612315,97318.73$2,304
May 199611914,95319.43$2,312
Apr 199613615,33821.51$2,925
Mar 199615620,33719.38$3,023
Feb 199620319,30216.98$3,447
Jan 199632032,58017.07$5,462
Dec 199522424,90817.19$3,851
Nov 199528426,19816.00$4,544
Oct 199539035,69215.43$6,018
Sep 199536535,97316.18$5,906
Aug 199558749,01715.92$9,345
Jul 199592164,31015.24$14,036
Jun 19951,18267,59516.41$19,397
May 19951,20476,11717.56$21,142
Apr 19951,49191,06317.73$26,435
Mar 19951,47792,86116.44$24,282
Feb 19951,72794,45116.58$28,634
Jan 19951,630104,30215.92$25,950
Dec 19941,743120,37615.03$26,197
Nov 19941,931115,81215.90$30,703
Oct 19941,530137,59215.58$23,837
Sep 19941,312113,20615.29$20,060
Aug 19941,404121,68516.13$22,647
Jul 19941,455119,46017.56$25,550
Jun 19941,532114,58117.09$26,182
May 19942,519132,25815.88$40,002
Apr 19942,751127,43514.14$38,899
Mar 1994068512.46$0
Feb 19940012.50$0
Jan 1994071712.66$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.

May 2026 — as filed, then multipliedworked
Condensate            97 bbl  × $106.41 =    $10,322
Gas                5,766 Mcf  × $  3.05 =    $17,562

────────────────────────────────────────────────────
Month total                                  $27,884

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/149888 is the state's own key, not one this site invented.