GULF FEE

Operated by GEMARMI INC. (P-5 298884) in the LIBERTY, SOUTH field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 11407District 03Field 53498001Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$2.0 M
Jan 1993 – May 2026
Value, last 12 filed months
$39 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 other leases, and the rule below applies to all of them.

Discovered
1925-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
0 ft
minimum

A drilling unit in this field needs at least 0 acres.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: THIS IS A PIERCEMENT TYPE SALT DOME.

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
OilDisposition43,255 bbl$2,017,162
Casinghead gasProduction897 Mcf$990
Total$2,018,152

567 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 (3)

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 30.0342, -94.8060. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

30.03417, -94.80594 · 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
66.7%
2 of 3 wells
With a plug date
66.7%
2 of 3 wells
Median depth
3,178 ft
3 wells filed one
Completion to plug
23.3 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
266.7%
A plug date is filed
266.7%
BothOn the schedule and plugged. Neither fact cancels the other.
266.7%
NeitherNo plug date, and not on the schedule.
133.3%

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

Between 3,160 and 3,224 ft, median 3,178 ft, over the 3 wells that filed a depth.

Completions filed
Feb 1977 – Feb 1980
3 of 3 wells
Plug dates filed
Jan 1980 – Feb 2026
2 of 3 wells; 1 filed none

Last completion to plug: a median of 23.3 years across the 2 wells that filed both dates, with the middle half between 12.0 years and 34.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-2913132653,224 ftFeb 1980Feb 2026Yes
42-2913123943,160 ftMay 1979Jan 1980Yes
42-2913065913,178 ftFeb 1977

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 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 2025172056.664.41$9,746
Nov 2025161058.593.93$9,433
Oct 2025163059.383.30$9,679
Sep 2025169062.743.08$10,603
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 2025352062.363.54$21,951
Mar 2025163067.704.27$11,035
Feb 2025166070.884.34$11,766
Jan 20250074.324.28$0
Dec 2024171068.993.12$11,797
Nov 2024173069.052.20$11,946
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 2024144075.632.06$10,891
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 2024172080.301.55$13,812
Feb 2024176076.091.78$13,392
Jan 2024176073.023.30$12,852
Dec 2023170071.262.61$12,114
Nov 2023350077.892.81$27,262
Oct 2023167085.443.09$14,268
Sep 2023177089.042.74$15,760
Aug 2023175080.522.67$14,091
Jul 20230074.852.64$0
Jun 2023169068.962.26$11,654
May 2023169070.622.23$11,935
Apr 2023181078.122.24$14,140
Mar 2023170072.852.39$12,385
Feb 2023351075.112.47$26,364
Jan 2023180076.533.39$13,775
Dec 2022176076.415.73$13,448
Nov 2022162085.005.65$13,770
Oct 2022179087.185.86$15,605
Sep 2022172084.888.16$14,599
Aug 2022178094.529.13$16,825
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 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 2020162038.371.83$6,216
Jun 20200034.901.69$0
May 2020163016.921.81$2,758
Apr 20200014.751.80$0
Mar 2020171030.341.86$5,188
Feb 20200049.881.98$0
Jan 2020168057.252.09$9,618
Dec 2019177059.012.30$10,445
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 2019158055.052.66$8,698
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 2018175059.543.11$10,420
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 2018170065.382.90$11,115
Apr 20180063.842.90$0
Mar 2018176061.222.79$10,775
Feb 20180061.782.77$0
Jan 2018174062.874.01$10,939
Dec 2017174057.272.92$9,965
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 2017151043.873.09$6,624
Jun 2017170042.493.09$7,223
May 2017153045.373.26$6,942
Apr 20170047.933.21$0
Mar 2017155046.772.98$7,249
Feb 20170050.452.95$0
Jan 2017160049.413.42$7,906
Dec 2016166048.763.72$8,094
Nov 2016142042.492.64$6,034
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 2015182043.552.43$7,926
Sep 2015165042.992.76$7,093
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 2015178049.822.71$8,868
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 2015178043.433.10$7,731
Dec 20140054.693.59$0
Nov 2014142070.464.25$10,005
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 2014169096.564.18$16,319
Jun 2014175098.164.74$17,178
May 20140094.734.73$0
Apr 2014177095.944.81$16,981
Mar 2014169095.895.06$16,205
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 2013180091.824.35$16,528
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 20131850104.253.52$19,286
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 2013171094.834.15$16,216
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 2013173091.603.42$15,847
Dec 20120086.773.42$0
Nov 2012181086.953.62$15,738
Oct 20120089.383.40$0
Sep 2012174094.672.92$16,473
Aug 2012151092.662.91$13,992
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 2011171096.873.24$16,565
Nov 2011183095.723.31$17,517
Oct 2011163084.983.65$13,852
Sep 20110083.623.99$0
Aug 2011171083.404.15$14,261
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 2011182098.134.40$17,860
Apr 20111760105.964.33$18,649
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 2011183086.504.59$15,830
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 2010176078.103.51$13,746
Sep 2010181072.633.98$13,146
Aug 2010175073.684.42$12,894
Jul 20100072.554.74$0
Jun 2010175070.364.91$12,313
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 2010145074.365.96$10,782
Dec 2009165071.445.48$11,788
Nov 2009182074.593.75$13,575
Oct 2009184072.544.11$13,347
Sep 2009182065.543.06$11,928
Aug 20090067.423.22$0
Jul 2009183061.133.46$11,187
Jun 2009180066.163.90$11,909
May 2009186054.743.93$10,182
Apr 2009186046.773.59$8,699
Mar 2009187042.144.06$7,880
Feb 2009187032.814.63$6,135
Jan 2009187035.865.37$6,706
Dec 2008169037.105.98$6,270
Nov 2008170055.496.86$9,433
Oct 2008166075.246.92$12,490
Sep 20081710101.767.88$17,401
Aug 20081660114.228.48$18,961
Jul 20081700131.0811.39$22,284
Jun 20081740131.3313.03$22,851
May 20081730123.1711.57$21,308
Apr 20081820110.3110.45$20,076
Mar 20081800101.909.66$18,342
Feb 200842092.538.77$3,886
Jan 2008183090.388.21$16,540
Dec 2007180088.337.30$15,899
Nov 2007189091.677.29$17,326
Oct 2007186082.856.92$15,410
Sep 2007185075.846.24$14,030
Aug 2007180069.066.39$12,431
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 2007180058.747.85$10,573
Apr 2007187059.617.81$11,147
Mar 20070056.927.30$0
Feb 2007374055.108.22$20,607
Jan 20070050.306.73$0
Dec 2006356056.656.92$20,167
Nov 2006181054.207.62$9,810
Oct 20060054.906.01$0
Sep 2006348060.085.04$20,908
Aug 20060068.717.34$0
Jul 2006365169.376.34$25,326
Jun 20060166.286.38$6
May 2006180166.016.42$11,888
Apr 2006136164.397.36$8,764
Mar 20060156.707.08$7
Feb 20060157.597.75$8
Jan 2006148160.598.93$8,976
Dec 2005151154.9413.42$8,309
Nov 2005159154.6910.59$8,706
Oct 2005165158.3413.80$9,640
Sep 20050161.4512.08$12
Aug 2005166161.519.80$10,220
Jul 20050155.697.84$8
Jun 2005142152.337.38$7,438
May 2005153145.226.65$6,925
Apr 2005166149.207.36$8,175
Mar 2005186150.377.15$9,376
Feb 2005162145.226.31$7,332
Jan 2005317143.166.32$13,688
Dec 20040139.866.75$7
Nov 2004157145.286.33$7,115
Oct 20040149.706.52$7
Sep 2004149143.245.28$6,448
Aug 2004154142.375.55$6,531
Jul 2004158138.286.08$6,054
Jun 20040136.106.43$6
May 2004307037.486.49$11,506
Apr 2004128134.475.86$4,418
Mar 2004170034.365.53$5,841
Feb 2004153132.455.51$4,970
Jan 2004156132.036.30$5,003
Dec 20030030.266.30$0
Nov 2003166128.804.60$4,785
Oct 2003181128.174.76$5,104
Sep 2003170126.314.75$4,477
Aug 2003154129.765.13$4,588
Jul 2003184129.415.17$5,417
Jun 2003170128.565.98$4,861
May 2003173026.595.97$4,600
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030133.487.93$8
Jan 2003329030.315.58$9,972
Dec 20020026.914.85$0
Nov 2002162124.664.14$3,999
Oct 2002188126.464.23$4,979
Sep 20020127.443.64$4
Aug 2002171025.963.16$4,439
Jul 2002170024.583.06$4,179
Jun 2002170123.733.34$4,037
May 20020124.663.58$4
Apr 2002356123.653.51$8,423
Mar 2002173022.003.10$3,806
Feb 20020118.222.38$2
Jan 2002164017.172.38$2,816
Dec 20010116.932.36$2
Nov 2001170018.072.41$3,072
Oct 2001178019.782.53$3,521
Sep 2001170124.262.25$4,126
Aug 2001180124.873.05$4,480
Jul 2001180123.933.20$4,311
Jun 2001181124.563.82$4,449
May 2001170025.524.31$4,338
Apr 2001176024.685.34$4,344
Mar 20010024.545.38$0
Feb 2001177027.755.77$4,912
Jan 2001177127.478.40$4,871
Dec 2000183026.889.12$4,919
Nov 2000186132.215.66$5,997
Oct 2000172031.235.15$5,372
Sep 2000180131.875.19$5,742
Aug 2000348129.644.54$10,319
Jul 20000028.534.09$0
Jun 2000147029.304.40$4,307
May 2000179027.263.68$4,880
Apr 2000175024.513.12$4,289
Mar 2000186128.422.86$5,289
Feb 2000165127.622.73$4,560
Jan 2000153025.272.48$3,866
Dec 1999158024.282.42$3,836
Nov 19990123.192.43$2
Oct 1999164120.982.80$3,444
Sep 1999316021.752.62$6,873
Aug 1999183019.262.88$3,525
Jul 1999173017.892.37$3,095
Jun 19990015.942.36$0
May 1999167015.792.32$2,637
Apr 1999179015.102.21$2,703
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998019.201.77$2
Nov 199801010.892.19$22
Oct 19981841412.421.97$2,313
Sep 19981791412.592.08$2,283
Aug 19981881411.301.91$2,151
Jul 19981801311.742.24$2,142
Jun 19981781311.242.24$2,030
May 19983611312.622.21$4,585
Apr 199801413.042.51$35
Mar 19983291112.802.31$4,237
Feb 19980913.952.30$21
Jan 19980414.702.15$9
Dec 19973441316.322.41$5,645
Nov 199701318.193.09$40
Oct 19971431119.253.15$2,787
Sep 19971811117.742.95$3,243
Aug 19971751517.862.55$3,164
Jul 19971721317.582.25$3,053
Jun 19971781417.242.26$3,100
May 19971751318.972.31$3,350
Apr 19973491417.882.08$6,269
Mar 19970318.951.94$6
Feb 199701020.492.21$22
Jan 19973671423.483.54$8,667
Dec 199601323.32$0
Nov 19963121021.97$6,855
Oct 199601323.31$0
Sep 19961691322.22$3,755
Aug 19961711320.26$3,464
Jul 19961821319.55$3,558
Jun 19961751418.73$3,278
May 19963021019.43$5,868
Apr 199601321.51$0
Mar 19961611019.38$3,120
Feb 19961751316.98$2,972
Jan 19961711417.07$2,919
Dec 19951631217.19$2,802
Nov 19952811416.00$4,496
Oct 19950415.43$0
Sep 1995168916.18$2,718
Aug 19951681315.92$2,675
Jul 19951831315.24$2,789
Jun 19951731116.41$2,839
May 19950817.56$0
Apr 19951591117.73$2,819
Mar 19951771216.44$2,910
Feb 19951811316.58$3,001
Jan 1995184615.92$2,929
Dec 19941751315.03$2,630
Nov 19941781215.90$2,830
Oct 19940715.58$0
Sep 19941811415.29$2,767
Aug 19941721516.13$2,774
Jul 19941771417.56$3,108
Jun 19941741717.09$2,974
May 1994164615.88$2,604
Apr 19941801314.14$2,545
Mar 19941691112.46$2,106
Feb 19941831412.50$2,288
Jan 19941811512.66$2,291
Dec 19931721512.33$2,121
Nov 19931801614.49$2,608
Oct 19931881615.85$2,980
Sep 19931871415.03$2,811
Aug 19932941615.66$4,604
Jul 19931841815.46$2,845
Jun 1993178416.79$2,989
May 19930617.68$0
Apr 19930618.05$0
Mar 199364418.14$1,161
Feb 19931821317.90$3,258
Jan 19931911316.93$3,234

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.

Dec 2025 — as filed, then multipliedworked
Oil                  172 bbl  × $ 56.66 =     $9,746
Casinghead gas         0 Mcf  × $  4.41 =         $0

────────────────────────────────────────────────────
Month total                                   $9,746

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/O/11407 is the state's own key, not one this site invented.