GRESSETT

Operated by SANDEL OPERATING COMPANY (P-5 747534) in the IOLA (GLEN ROSE -B-) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 87062District 03Field 44640300NGPA filingCondensateGasSaveExport
Value, all time
$2.2 M
Jan 1993 – May 2026
Value, last 12 filed months
$47 k
at the published price for each month
Months reported
401
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
1977-12-01
as the register files it
Field class
Gas
the register's own label
Between wells
2,640 ft
minimum
From a lease line
933 ft
minimum

A drilling unit in this field needs at least 640 acres. The field rule took effect on 2000-04-11.

The Commission's schedule remark for this field reads: USTACE CORP'S D.M.WRIGHT #1 WELL.

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
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
CondensateDisposition4,381 bbl$207,334
GasProduction470,919 Mcf$1,999,304
Total$2,206,638

40,572 Mcf of this lease's gas, across 48 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 30.7861, -96.0636. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.78609, -96.06365 · 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
11,460 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 11,460 ft.

Completions filed
Mar 1979
1 of 1 wells

1 well

42-18530218111,460 ftMar 1979

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 20260836106.413.05$2,546
Apr 2026082098.932.87$2,353
Mar 2026088189.753.15$2,775
Feb 2026070263.503.75$2,633
Jan 2026084659.138.00$6,766
Dec 202516878356.664.41$12,975
Nov 2025084658.593.93$3,322
Oct 2025084259.383.30$2,783
Sep 2025081062.743.08$2,492
Aug 2025085263.933.01$2,569
Jul 2025085566.743.32$2,835
Jun 2025083766.483.13$2,619
May 2025088260.553.23$2,851
Apr 2025085662.363.54$3,033
Mar 2025088867.704.27$3,790
Feb 2025081370.884.34$3,529
Jan 2025091874.324.28$3,928
Dec 2024093968.993.12$2,931
Nov 2024093769.052.20$2,060
Oct 202401,01071.372.28$2,304
Sep 2024086669.612.36$2,048
Aug 20240075.632.06$0
Jul 2024042679.932.15$914
Jun 2024083978.082.63$2,210
May 2024086878.812.20$1,908
Apr 20246084884.451.66$6,474
Mar 2024082880.301.55$1,279
Feb 2024080676.091.78$1,438
Jan 2024081173.023.30$2,674
Dec 2023085571.262.61$2,232
Nov 2023082477.892.81$2,313
Oct 2023088585.443.09$2,732
Sep 2023087989.042.74$2,404
Aug 2023081180.522.67$2,168
Jul 2023089074.852.64$2,351
Jun 2023085668.962.26$1,933
May 2023086170.622.23$1,918
Apr 2023084478.122.24$1,889
Mar 2023088772.852.39$2,123
Feb 2023080275.112.47$1,977
Jan 2023090276.533.39$3,056
Dec 2022091776.415.73$5,254
Nov 202211588985.005.65$14,794
Oct 2022093887.185.86$5,500
Sep 2022090184.888.16$7,355
Aug 2022092894.529.13$8,470
Jul 20220934101.587.54$7,044
Jun 20220911115.097.98$7,267
May 20220907109.378.43$7,649
Apr 20220876104.226.84$5,990
Mar 20220936108.885.08$4,752
Feb 2022087591.054.86$4,251
Jan 2022094481.844.54$4,284
Dec 2021092071.323.90$3,587
Nov 2021094177.435.24$4,928
Oct 2021099579.795.71$5,685
Sep 2021094469.865.35$5,051
Aug 2021099666.024.22$4,204
Jul 202101,02870.783.98$4,094
Jun 2021087069.493.38$2,941
May 2021090363.483.02$2,725
Apr 2021073760.362.76$2,033
Mar 2021093061.302.72$2,527
Feb 202101,06357.805.55$5,897
Jan 202101,53450.412.81$4,311
Dec 202001044.642.68$27
Nov 202001,51538.772.71$4,100
Oct 20200836.972.48$20
Sep 20201531,51937.091.99$8,699
Aug 202003239.982.39$76
Jul 202001,48738.371.83$2,714
Jun 2020010334.901.69$174
May 202001,45816.921.81$2,646
Apr 202003814.751.80$69
Mar 202001,50430.341.86$2,792
Feb 202004249.881.98$83
Jan 202001,03757.252.09$2,172
Dec 201901,05459.012.30$2,429
Nov 201901,05855.302.75$2,910
Oct 201901,09553.472.42$2,648
Sep 201901,11755.052.66$2,968
Aug 201901,47153.112.30$3,390
Jul 2019064956.272.46$1,597
Jun 2019035252.782.49$877
May 2019029858.482.74$817
Apr 2019051962.632.75$1,428
Mar 2019023556.803.06$720
Feb 201902850.852.79$78
Jan 201917072946.033.23$10,178
Dec 2018090546.594.19$3,788
Nov 2018086352.934.24$3,657
Oct 2018088661.443.40$3,011
Sep 2018085659.543.11$2,660
Aug 2018087359.403.07$2,677
Jul 2018092465.142.93$2,709
Jun 2018096160.183.08$2,957
May 2018085165.382.90$2,469
Apr 2018099263.842.90$2,878
Mar 2018091561.222.79$2,550
Feb 2018080861.782.77$2,235
Jan 2018094562.874.01$3,789
Dec 2017093157.272.92$2,720
Nov 201701,30055.423.12$4,054
Oct 2017074349.292.98$2,217
Sep 2017075347.523.09$2,325
Aug 2017082445.373.00$2,476
Jul 2017088643.873.09$2,735
Jun 201701,07742.493.09$3,325
May 2017053045.373.26$1,730
Apr 2017054647.933.21$1,754
Mar 2017059046.772.98$1,760
Feb 2017069650.452.95$2,055
Jan 2017098649.413.42$3,371
Dec 201601,04848.763.72$3,902
Nov 2016072642.492.64$1,920
Oct 201617281446.193.09$10,460
Sep 201601,13241.553.10$3,510
Aug 2016052341.442.92$1,529
Jul 2016066741.622.92$1,951
Jun 2016064345.352.69$1,727
May 2016067042.521.99$1,334
Apr 2016068936.561.99$1,372
Mar 2016088533.011.79$1,588
Feb 2016061326.472.06$1,265
Jan 2016063227.352.36$1,494
Dec 2015060332.362.00$1,207
Nov 2015072538.792.17$1,571
Oct 2015083143.552.43$2,016
Sep 2015077242.992.76$2,130
Aug 2015081440.162.87$2,338
Jul 201517683748.152.95$10,939
Jun 2015481756.152.88$2,580
May 2015094755.212.96$2,799
Apr 2015060349.822.71$1,632
Mar 2015085442.892.93$2,506
Feb 2015076044.662.98$2,262
Jan 2015082343.433.10$2,552
Dec 2014080454.693.59$2,887
Nov 2014069270.464.25$2,942
Oct 2014085178.303.90$3,320
Sep 2014082786.164.05$3,346
Aug 2014086189.394.04$3,474
Jul 2014086296.564.18$3,603
Jun 2014069898.164.74$3,306
May 2014066394.734.73$3,134
Apr 2014072895.944.81$3,501
Mar 2014074995.895.06$3,788
Feb 201417570397.406.19$21,398
Jan 2014064390.404.86$3,125
Dec 2013074391.824.35$3,235
Nov 2013073788.853.74$2,755
Oct 2013078297.423.78$2,955
Sep 20130749104.113.72$2,785
Aug 20130811104.253.52$2,857
Jul 20130781102.523.72$2,904
Jun 2013084494.403.93$3,320
May 2013086894.834.15$3,601
Apr 2013079293.964.28$3,392
Mar 201318185593.623.91$20,291
Feb 2013081391.233.42$2,780
Jan 2013092591.603.42$3,163
Dec 2012092586.773.42$3,164
Nov 2012093686.953.62$3,393
Oct 201201,12689.383.40$3,828
Sep 201201,13394.672.92$3,307
Aug 201201,20092.662.91$3,490
Jul 201201,08685.133.02$3,281
Jun 2012091379.822.52$2,300
May 2012091291.612.49$2,269
Apr 20120966101.652.00$1,929
Mar 20120957105.052.22$2,127
Feb 20120880101.102.57$2,262
Jan 2012090798.092.73$2,480
Dec 201116888396.873.24$19,135
Nov 2011085895.723.31$2,841
Oct 201101,06084.983.65$3,867
Sep 201101,08383.623.99$4,317
Aug 201101,13183.404.15$4,693
Jul 201101,12194.144.52$5,064
Jun 201101,06792.904.64$4,951
May 201101,31598.134.40$5,792
Apr 201101,223105.964.33$5,300
Mar 201101,13496.364.06$4,601
Feb 201101,08085.644.18$4,514
Jan 201101,21886.504.59$5,589
Dec 201001,18585.734.35$5,152
Nov 201001,00780.843.80$3,822
Oct 201001,18978.103.51$4,172
Sep 201001,13972.633.98$4,533
Aug 201001,21273.684.42$5,356
Jul 201001,40972.554.74$6,674
Jun 201001,06170.364.91$5,210
May 201001,28871.124.24$5,455
Apr 20101901,13581.694.12$20,200
Mar 201001,12078.394.39$4,915
Feb 2010099273.585.44$5,399
Jan 201001,24874.365.96$7,443
Dec 200901,08271.445.48$5,933
Nov 200901,05974.593.75$3,973
Oct 200901,15772.544.11$4,756
Sep 200901,39065.543.06$4,260
Aug 200901,26267.423.22$4,062
Jul 200901,28561.133.46$4,452
Jun 200901,17766.163.90$4,584
May 200901,21654.743.93$4,774
Apr 200901,28346.773.59$4,603
Mar 200901,11942.144.06$4,542
Feb 200901,01032.814.63$4,679
Jan 200901,25735.865.37$6,751
Dec 200801,17137.105.98$6,999
Nov 200801,49055.496.86$10,222
Oct 200801,02775.246.92$7,109
Sep 200801,314101.767.88$10,351
Aug 200801,287114.228.48$10,918
Jul 20081751,280131.0811.39$37,517
Jun 200801,255131.3313.03$16,356
May 200801,295123.1711.57$14,989
Apr 200801,225110.3110.45$12,807
Mar 200801,230101.909.66$11,887
Feb 200801,19492.538.77$10,472
Jan 200801,31890.388.21$10,815
Dec 200701,50788.337.30$11,004
Nov 200701,28291.677.29$9,348
Oct 200701,32782.856.92$9,185
Sep 200701,27875.846.24$7,980
Aug 200701,52569.066.39$9,742
Jul 200701,54970.906.39$9,895
Jun 200701,44862.007.55$10,930
May 200701,26658.747.85$9,933
Apr 200701,31659.617.81$10,272
Mar 200701,68456.927.30$12,297
Feb 200701,59255.108.22$13,080
Jan 200701,86950.306.73$12,572
Dec 200601,88256.656.92$13,021
Nov 200601,67154.207.62$12,729
Oct 200602,03054.906.01$12,208
Sep 200602,02860.085.04$10,215
Aug 200601,67668.717.34$12,302
Jul 200601,43469.376.34$9,096
Jun 200601,38366.286.38$8,829
May 200601,44166.016.42$9,258
Apr 20061781,42064.397.36$21,913
Mar 200601,74456.707.08$12,353
Feb 200601,45757.597.75$11,293
Jan 200601,56260.598.93$13,954
Dec 200501,85854.9413.42$24,926
Nov 200502,09154.6910.59$22,140
Oct 200502,44758.3413.80$33,758
Sep 200502,25961.4512.08$27,286
Aug 200502,39061.519.80$23,414
Jul 200502,20055.697.84$17,256
Jun 200501,96952.337.38$14,533
May 200502,09145.226.65$13,908
Apr 200501,82349.207.36$13,418
Mar 200502,02350.377.15$14,474
Feb 20051811,09445.226.31$15,090
Jan 200501,68443.166.32$10,647
Dec 200401,84239.866.75$12,435
Nov 200401,81445.286.33$11,483
Oct 200402,18249.706.52$14,216
Sep 200401,80643.245.28$9,543
Aug 200401,74342.375.55$9,675
Jul 200401,95338.286.08$11,882
Jun 200402,51636.106.43$16,185
May 2004056937.486.49$3,695
Apr 200402,01534.475.86$11,805
Mar 200401,53634.365.53$8,494
Feb 200403,86432.455.51$21,289
Jan 200403,72032.036.30$23,435
Dec 200302,14230.266.30$13,498
Nov 20032002,81328.804.60$18,686
Oct 200302,97228.174.76$14,146
Sep 200302,59426.314.75$12,320
Aug 200302,12829.765.13$10,916
Jul 200302,92429.415.17$15,120
Jun 200302,88028.565.98$17,231
May 200302,03926.595.97$12,178
Apr 200301,85126.675.41$10,009
Mar 200303,37631.146.10$20,580
Feb 200302,84333.487.93$22,533
Jan 200303,12230.315.58$17,427
Dec 200201,80926.914.85$8,780
Nov 200202,34824.664.14$9,714
Oct 200202,07526.464.23$8,775
Sep 200201,54327.443.64$5,609
Aug 200202,15325.963.16$6,812
Jul 200202,19324.583.06$6,714
Jun 200202,44823.733.34$8,172
May 20021362,22024.663.58$11,310
Apr 200201,82223.653.51$6,399
Mar 200202,39622.003.10$7,434
Feb 200202,03418.222.38$4,832
Jan 200202,28917.172.38$5,438
Dec 200102,68816.932.36$6,356
Nov 20011822,37918.072.41$9,011
Oct 200102,95319.782.53$7,468
Sep 200103,22624.262.25$7,263
Aug 200101,77224.873.05$5,410
Jul 200102,33023.933.20$7,449
Jun 200102,48724.563.82$9,511
May 200102,78325.524.31$11,987
Apr 20011772,36224.685.34$16,970
Mar 200101,47424.545.38$7,925
Feb 200101,63927.755.77$9,452
Jan 200101,58627.478.40$13,320
Dec 200001,44026.889.12$13,136
Nov 200001,74332.215.66$9,862
Oct 200002,10631.235.15$10,836
Sep 200002,34631.875.19$12,168
Aug 20001792,24529.644.54$15,500
Jul 200002,31728.534.09$9,476
Jun 200001,77029.304.40$7,783
May 200002,15827.263.68$7,941
Apr 200001,60624.513.12$5,004
Mar 200002,25928.422.86$6,460
Feb 200002,01627.622.73$5,497
Jan 20001812,18225.272.48$9,986
Dec 199902,81224.282.42$6,816
Nov 199902,68223.192.43$6,528
Oct 19991853,30820.982.80$13,156
Sep 199902,43121.752.62$6,366
Aug 199902,71319.262.88$7,802
Jul 19991893,35217.892.37$11,333
Jun 199902,62815.942.36$6,208
May 199903,81015.792.32$8,843
Apr 1999197015.102.21$2,975
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 1999033410.381.90$635
Dec 199809749.201.77$1,727
Nov 199801,73010.892.19$3,781
Oct 1998064012.421.97$1,260
Sep 1998040112.592.08$835
Aug 1998036911.301.91$704
Jul 1998034811.742.24$779
Jun 1998024511.242.24$548
May 1998027612.622.21$609
Apr 1998023413.042.51$586
Mar 1998033112.802.31$764
Feb 1998032813.952.30$754
Jan 1998049514.702.15$1,067
Dec 199703616.322.41$87
Nov 1997042718.193.09$1,319
Oct 1997021419.253.15$674
Sep 1997028817.742.95$851
Aug 1997031617.862.55$807
Jul 1997026917.582.25$604
Jun 1997033817.242.26$763
May 1997035018.972.31$808
Apr 1997041117.882.08$856
Mar 1997044418.951.94$861
Feb 1997051020.492.21$1,125
Jan 1997031423.483.54$1,111
Dec 1996037523.32$0
Nov 1996054121.97$0
Oct 1996061223.31$0
Sep 1996024922.22$0
Aug 1996017620.26$0
Jul 1996026819.55$0
Jun 1996047918.73$0
May 1996039219.43$0
Apr 1996046321.51$0
Mar 1996039219.38$0
Feb 1996036716.98$0
Jan 1996053817.07$0
Dec 1995053917.19$0
Nov 1995058216.00$0
Oct 1995091815.43$0
Sep 199501,04716.18$0
Aug 1995091215.92$0
Jul 199501,08915.24$0
Jun 1995092716.41$0
May 1995085917.56$0
Apr 199501,05417.73$0
Mar 1995093616.44$0
Feb 199501,27716.58$0
Jan 199501,54615.92$0
Dec 1994030815.03$0
Nov 1994034915.90$0
Oct 1994032815.58$0
Sep 1994039215.29$0
Aug 1994045516.13$0
Jul 1994039017.56$0
Jun 1994049017.09$0
May 1994053515.88$0
Apr 1994057314.14$0
Mar 199401,07612.46$0
Feb 199401,28112.50$0
Jan 199401,53612.66$0
Dec 199301,95412.33$0
Nov 1993014014.49$0
Oct 1993037015.85$0
Sep 199313761615.03$2,059
Aug 19933521,80415.66$5,512
Jul 199301,61615.46$0
Jun 199301,82616.79$0
May 199301,93217.68$0
Apr 199301,43818.05$0
Mar 199301,61718.14$0
Feb 199301,47317.90$0
Jan 199301,53516.93$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             0 bbl  × $106.41 =         $0
Gas                  836 Mcf  × $  3.05 =     $2,546

────────────────────────────────────────────────────
Month total                                   $2,546

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/87062 is the state's own key, not one this site invented.