NORRIS

Operated by PONDEROSA OIL & GAS, LLC (P-5 670093) in the NANCE (TEX-MISS # 5) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 294260District 03Field 64423625CondensateGasSaveExport
Value, all time
$2.8 M
Aug 2022 – Aug 2025
Value, last 12 filed months
$6 k
at the published price for each month
Months reported
37
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 8 leases and 8 wells, and the rule below applies to all of them.

Discovered
1963-06-17
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 08/01/2002.

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
CondensateDisposition2,589 bbl$213,462
GasProduction459,044 Mcf$2,624,855
Total$2,838,317

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 29.0319, -95.9216. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.03189, -95.92160 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
11,000 ft
1 wells filed one
Completion to plug
2.8 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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

The one well that filed a depth was drilled to 11,000 ft.

Completions filed
Aug 2022
1 of 1 wells
Plug dates filed
Jun 2025
1 of 1 wells

Last completion to plug: a median of 2.8 years across the 1 well that filed both dates, with the middle half between 2.8 years and 2.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-32132437211,000 ftAug 2022Jun 2025Yes

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 (37)

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

37 months

Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 202594066.483.13$6,249
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 202406,43679.932.15$13,815
Jun 2024069778.082.63$1,836
May 20241605,62078.812.20$24,965
Apr 202406,72084.451.66$11,150
Mar 202408,22080.301.55$12,701
Feb 2024010,53676.091.78$18,792
Jan 202401,56173.023.30$5,148
Dec 20230071.262.61$0
Nov 20231705,02977.892.81$27,361
Oct 202308,67485.443.09$26,779
Sep 202319010,02989.042.74$44,347
Aug 2023013,23880.522.67$35,384
Jul 202316015,70474.852.64$53,463
Jun 202305,56168.962.26$12,559
May 202330070.622.23$2,119
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 202302,59975.112.47$6,408
Jan 202318436,67276.533.39$138,316
Dec 202218849,92876.415.73$300,407
Nov 202238760,13285.005.65$372,412
Oct 202236670,11487.185.86$443,040
Sep 202254870,78784.888.16$624,397
Aug 202211270,78794.529.13$656,671

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.

Jun 2025 — as filed, then multipliedworked
Condensate            94 bbl  × $ 66.48 =     $6,249
Gas                    0 Mcf  × $  3.13 =         $0

────────────────────────────────────────────────────
Month total                                   $6,249

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/294260 is the state's own key, not one this site invented.