GEORGE UNIT

Operated by TEX-LEE OPERATING COMPANY (P-5 849765) in the GIDDINGS (AUSTIN CHALK-3) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 14703District 03Field 34733500NGPA filingOilCasinghead gasSaveExport
Value, all time
$353 k
Jan 1993 – Jul 2009
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
199
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 5,900 leases and 6,985 wells, and the rule below applies to all of them.

Discovered
1960-10-29
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2025-09-30.

The Commission's schedule remark for this field reads: DKT OG-25-00028011: UFT FIELD, ALLOCATION FORMULA SUSPENDED

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
OilDisposition12,908 bbl$347,334
Casinghead gasProduction6,728 Mcf$5,569
Total$352,903

4,392 Mcf of this lease's gas, across 26 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 29.9227, -97.1273. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.92267, -97.12726 · 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
7,660 ft
1 wells filed one
Completion to plug
27.6 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 7,660 ft.

Completions filed
Sep 1981
1 of 1 wells
Plug dates filed
Apr 2009
1 of 1 wells

Last completion to plug: a median of 27.6 years across the 1 well that filed both dates, with the middle half between 27.6 years and 27.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-1493114317,660 ftSep 1981Apr 2009Yes

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 (199)

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

199 months

Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20091046.773.59$47
Mar 200981042.144.06$3,413
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 2008770123.1711.57$9,484
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 200892090.388.21$8,315
Dec 20070088.337.30$0
Nov 20071091.677.29$92
Oct 20071082.856.92$83
Sep 2007167075.846.24$12,665
Aug 20070069.066.39$0
Jul 2007138070.906.39$9,784
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 2007110059.617.81$6,557
Mar 20070056.927.30$0
Feb 200799055.108.22$5,455
Jan 2007135050.306.73$6,791
Dec 20060056.656.92$0
Nov 200687054.207.62$4,715
Oct 20060054.906.01$0
Sep 2006123060.085.04$7,390
Aug 20061068.717.34$69
Jul 2006148069.376.34$10,267
Jun 20060066.286.38$0
May 2006290066.016.42$19,143
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 200682057.597.75$4,722
Jan 20060060.598.93$0
Dec 200564054.9413.42$3,516
Nov 2005103054.6910.59$5,633
Oct 20050058.3413.80$0
Sep 200592061.4512.08$5,653
Aug 20050061.519.80$0
Jul 200556055.697.84$3,119
Jun 20050052.337.38$0
May 200539045.226.65$1,764
Apr 200582049.207.36$4,034
Mar 20050050.377.15$0
Feb 200573045.226.31$3,301
Jan 20050043.166.32$0
Dec 200483039.866.75$3,308
Nov 20040045.286.33$0
Oct 200432049.706.52$1,590
Sep 2004100043.245.28$4,324
Aug 200471042.375.55$3,008
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 200483034.475.86$2,861
Mar 20040034.365.53$0
Feb 2004129032.455.51$4,186
Jan 20041032.036.30$32
Dec 20030030.266.30$0
Nov 200383028.804.60$2,390
Oct 20030028.174.76$0
Sep 2003139026.314.75$3,657
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 200363026.595.97$1,675
Apr 20030026.675.41$0
Mar 200398031.146.10$3,052
Feb 20030033.487.93$0
Jan 200381030.315.58$2,455
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 2002123026.464.23$3,255
Sep 20021027.443.64$27
Aug 20021025.963.16$26
Jul 2002156024.583.06$3,834
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 200283022.003.10$1,826
Feb 20020018.222.38$0
Jan 2002188017.172.38$3,228
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20011019.782.53$20
Sep 2001180024.262.25$4,367
Aug 20010024.873.05$0
Jul 20012023.933.20$48
Jun 20011024.563.82$25
May 20010025.524.31$0
Apr 200160024.685.34$1,481
Mar 20010024.545.38$0
Feb 200179027.755.77$2,192
Jan 20010027.478.40$0
Dec 200071026.889.12$1,908
Nov 20000032.215.66$0
Oct 200096031.235.15$2,998
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 200075028.534.09$2,140
Jun 20000029.304.40$0
May 200098027.263.68$2,671
Apr 20000024.513.12$0
Mar 2000113028.422.86$3,211
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 199964024.282.42$1,554
Nov 199903023.192.43$73
Oct 19991263420.982.80$2,739
Sep 199903721.752.62$97
Aug 19991793819.262.88$3,557
Jul 199903517.892.37$83
Jun 199904715.942.36$111
May 199901815.792.32$42
Apr 19991852915.102.21$2,858
Mar 199901512.471.84$28
Feb 1999183609.981.82$1,935
Jan 199918310810.381.90$2,105
Dec 19981259.201.77$54
Nov 19981854410.892.19$2,111
Oct 19981885412.421.97$2,441
Sep 19981979312.592.08$2,674
Aug 19981937911.301.91$2,332
Jul 19981888911.742.24$2,406
Jun 199856811.242.24$208
May 19981857112.622.21$2,491
Apr 199876713.042.51$259
Mar 19982029312.802.31$2,800
Feb 19981915513.952.30$2,791
Jan 19981896414.702.15$2,916
Dec 199785016.322.41$251
Nov 19971985918.193.09$3,784
Oct 19972017319.253.15$4,099
Sep 19971899117.742.95$3,622
Aug 199719119517.862.55$3,909
Jul 19971957617.582.25$3,599
Jun 19971939617.242.26$3,544
May 1997107418.972.31$361
Apr 19971918217.882.08$3,586
Mar 19971928418.951.94$3,801
Feb 199787820.492.21$336
Jan 199737212523.483.54$9,177
Dec 19961948923.32$4,524
Nov 1996714121.97$154
Oct 199619321423.31$4,499
Sep 199618415822.22$4,088
Aug 199619717220.26$3,991
Jul 199638818419.55$7,585
Jun 19961811618.73$337
May 199621618619.43$4,197
Apr 199619316421.51$4,151
Mar 199637223519.38$7,209
Feb 199637729616.98$6,401
Jan 199620512317.07$3,499
Dec 1995137117.19$223
Nov 1995188716.00$288
Oct 199520310215.43$3,132
Sep 1995811716.18$129
Aug 199519815215.92$3,152
Jul 1995189015.24$2,880
Jun 19950016.41$0
May 19950017.56$0
Apr 19950017.73$0
Mar 19950016.44$0
Feb 19950016.58$0
Jan 19950015.92$0
Dec 19940015.03$0
Nov 19940015.90$0
Oct 19940015.58$0
Sep 19940015.29$0
Aug 19940016.13$0
Jul 19940017.56$0
Jun 19940017.09$0
May 19940015.88$0
Apr 19940014.14$0
Mar 19940012.46$0
Feb 19940012.50$0
Jan 19940012.66$0
Dec 19930012.33$0
Nov 19930014.49$0
Oct 19930015.85$0
Sep 1993174115.03$2,615
Aug 1993022315.66$0
Jul 1993022315.46$0
Jun 1993022316.79$0
May 199317622317.68$3,112
Apr 1993022318.05$0
Mar 199317722318.14$3,211
Feb 1993022317.90$0
Jan 199317622316.93$2,980

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.

Apr 2009 — as filed, then multipliedworked
Oil                    1 bbl  × $ 46.77 =        $47
Casinghead gas         0 Mcf  × $  3.59 =         $0

────────────────────────────────────────────────────
Month total                                      $47

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/14703 is the state's own key, not one this site invented.