PIPKIN, S. W. -A-

Operated by GCOWS OPERATING LLC (P-5 102135) in the FIG RIDGE (SEABREEZE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 1540District 03Field 30822870OilCasinghead gasSaveExport
Value, all time
$36.9 M
Jan 1993 – May 2026
Value, last 12 filed months
$711 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 12 leases and 102 wells, and the rule below applies to all of them.

Discovered
1954-05-01
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1940-08-19.

The Commission's schedule remark for this field reads: PROTEST RECD FROM OTHER OPERATORS IN FIELD.

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
OilDisposition1,190,052 bbl$33,227,346
Casinghead gasProduction2,627,428 Mcf$3,634,317
Total$36,861,663

1,611,410 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 (17)

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 29.7421, -94.4105. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.1 miles. 2 wells have no surveyed location and are left out of it.

29.74296, -94.41029 · centre of 15 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
35.3%
6 of 17 wells
With a plug date
11.8%
2 of 17 wells
Median depth
8,650 ft
15 wells filed one
Completion to plug
7.0 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
635.3%
A plug date is filed
211.8%
BothOn the schedule and plugged. Neither fact cancels the other.
211.8%
NeitherNo plug date, and not on the schedule.
1164.7%

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

Total depth in feet, 15 of 17 wells. Median 8,650 ft, with the middle half between 8,570 and 8,790 ft; the shallowest is 2,700 ft and the deepest 10,052 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 15 of 17 wells, Feb 1986 – Dec 2008. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Feb 1986 – Dec 2008
15 of 17 wells; 2 filed none
Plug dates filed
Aug 2004 – Oct 2006
2 of 17 wells; 15 filed none

Last completion to plug: a median of 7.0 years across the 2 wells that filed both dates, with the middle half between 5.3 years and 8.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

17 wells

42-071809695 LYes
42-071021044
42-0710210338,570 ftDec 2008Yes
42-071809673D8,570 ftSep 2006Yes
42-07130842112,700 ftFeb 2003Oct 2006Yes
42-07132149198,750 ftMay 1999
42-07132027158,900 ftFeb 1999
42-07132025168,830 ftJan 1998
42-071021061310,052 ftSep 1995
42-0718096858,741 ftAug 1995
42-0710210227,910 ftFeb 1995Yes
42-07132028178,850 ftJan 1995
42-0710210868,650 ftSep 1994
42-0710186818,584 ftJun 1994
42-0710210988,575 ftMay 1994Aug 2004Yes
42-0713127912D3,500 ftDec 1992
42-0710210778,652 ftFeb 1986

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 20265400106.413.05$57,461
Apr 2026672098.932.87$66,481
Mar 2026673089.753.15$60,402
Feb 2026618063.503.75$39,243
Jan 2026733059.138.00$43,342
Dec 2025824056.664.41$46,688
Nov 2025733058.593.93$42,946
Oct 2025948059.383.30$56,292
Sep 2025847062.743.08$53,141
Aug 20251,214063.933.01$77,611
Jul 20251,193066.743.32$79,621
Jun 20251,320066.483.13$87,754
May 20251,196060.553.23$72,418
Apr 20251,517062.363.54$94,600
Mar 20251,196067.704.27$80,969
Feb 2025558070.884.34$39,551
Jan 2025178074.324.28$13,229
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20241,200071.372.28$85,644
Sep 2024197069.612.36$13,713
Aug 2024543075.632.06$41,067
Jul 20241,174079.932.15$93,838
Jun 2024332078.082.63$25,923
May 2024691078.812.20$54,458
Apr 2024657084.451.66$55,484
Mar 2024627080.301.55$50,348
Feb 2024171076.091.78$13,011
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 2023376085.443.09$32,125
Sep 2023136089.042.74$12,109
Aug 2023284080.522.67$22,868
Jul 2023457074.852.64$34,206
Jun 2023423068.962.26$29,170
May 2023782070.622.23$55,225
Apr 2023733078.122.24$57,262
Mar 2023633072.852.39$46,114
Feb 2023614075.112.47$46,118
Jan 2023685076.533.39$52,423
Dec 2022401076.415.73$30,640
Nov 2022174085.005.65$14,790
Oct 2022341087.185.86$29,728
Sep 2022313084.888.16$26,567
Aug 2022688094.529.13$65,030
Jul 20225130101.587.54$52,111
Jun 20222910115.097.98$33,491
May 20227090109.378.43$77,543
Apr 20225080104.226.84$52,944
Mar 20224980108.885.08$54,222
Feb 2022481091.054.86$43,795
Jan 2022148081.844.54$12,112
Dec 2021448071.323.90$31,951
Nov 2021507077.435.24$39,257
Oct 2021490079.795.71$39,097
Sep 2021328069.865.35$22,914
Aug 2021614066.024.22$40,536
Jul 2021313070.783.98$22,154
Jun 2021461069.493.38$32,035
May 2021462063.483.02$29,328
Apr 2021650060.362.76$39,234
Mar 2021783061.302.72$47,998
Feb 2021649057.805.55$37,512
Jan 2021503050.412.81$25,356
Dec 2020484044.642.68$21,606
Nov 2020678038.772.71$26,286
Oct 2020337036.972.48$12,459
Sep 2020674037.091.99$24,999
Aug 2020312039.982.39$12,474
Jul 2020513038.371.83$19,684
Jun 2020337034.901.69$11,761
May 2020857016.921.81$14,500
Apr 2020696014.751.80$10,266
Mar 20201,009030.341.86$30,613
Feb 2020524049.881.98$26,137
Jan 2020784057.252.09$44,884
Dec 2019338059.012.30$19,945
Nov 2019854055.302.75$47,226
Oct 2019878053.472.42$46,947
Sep 2019675055.052.66$37,159
Aug 2019493053.112.30$26,183
Jul 2019487056.272.46$27,403
Jun 2019477052.782.49$25,176
May 2019674058.482.74$39,416
Apr 2019608062.632.75$38,079
Mar 2019329056.803.06$18,687
Feb 2019501050.852.79$25,476
Jan 2019872046.033.23$40,138
Dec 2018677046.594.19$31,541
Nov 2018727052.934.24$38,480
Oct 2018876061.443.40$53,821
Sep 2018837059.543.11$49,835
Aug 2018876059.403.07$52,034
Jul 2018829065.142.93$54,001
Jun 20181,855060.183.08$111,634
May 2018673065.382.90$44,001
Apr 20181,012063.842.90$64,606
Mar 2018826061.222.79$50,568
Feb 2018680061.782.77$42,010
Jan 2018998062.874.01$62,744
Dec 2017840057.272.92$48,107
Nov 2017846055.423.12$46,885
Oct 2017838049.292.98$41,305
Sep 2017667047.523.09$31,696
Aug 2017874045.373.00$39,653
Jul 2017932043.873.09$40,887
Jun 2017995042.493.09$42,278
May 2017852045.373.26$38,655
Apr 2017831047.933.21$39,830
Mar 2017967046.772.98$45,227
Feb 20171,007050.452.95$50,803
Jan 2017926049.413.42$45,754
Dec 2016810048.763.72$39,496
Nov 2016977042.492.64$41,513
Oct 2016510046.193.09$23,557
Sep 2016675041.553.10$28,046
Aug 20161,162041.442.92$48,153
Jul 2016815041.622.92$33,920
Jun 2016515045.352.69$23,355
May 2016872042.521.99$37,077
Apr 2016529036.561.99$19,340
Mar 2016752033.011.79$24,824
Feb 2016930026.472.06$24,617
Jan 2016925027.352.36$25,299
Dec 2015932032.362.00$30,160
Nov 2015952038.792.17$36,928
Oct 2015589043.552.43$25,651
Sep 20151,116042.992.76$47,977
Aug 20151,410040.162.87$56,626
Jul 20151,354048.152.95$65,195
Jun 20151,384056.152.88$77,712
May 20151,220055.212.96$67,356
Apr 2015576049.822.71$28,696
Mar 20151,620042.892.93$69,482
Feb 2015770044.662.98$34,388
Jan 2015799043.433.10$34,701
Dec 2014996054.693.59$54,471
Nov 2014937070.464.25$66,021
Oct 20141,001078.303.90$78,378
Sep 2014609086.164.05$52,471
Aug 20140089.394.04$0
Jul 201437531096.564.18$37,506
Jun 201459230098.164.74$59,532
May 201466531094.734.73$64,461
Apr 201462030095.944.81$60,926
Mar 201462631095.895.06$61,595
Feb 2014546097.406.19$53,180
Jan 2014606090.404.86$54,782
Dec 201358631091.824.35$55,156
Nov 2013675088.853.74$59,974
Oct 201368022097.423.78$67,077
Sep 2013623300104.113.72$65,976
Aug 2013727310104.253.52$76,882
Jul 2013574310102.523.72$59,999
Jun 201373730094.403.93$70,753
May 201370331094.834.15$67,952
Apr 201372330093.964.28$69,218
Mar 201372226093.623.91$68,611
Feb 2013639091.233.42$58,296
Jan 2013547091.603.42$50,105
Dec 201294231086.773.42$82,798
Nov 201281130086.953.62$71,604
Oct 201267131089.383.40$61,028
Sep 201255930094.672.92$53,796
Aug 201295031092.662.91$88,929
Jul 201253031085.133.02$46,055
Jun 201270030079.822.52$56,630
May 201277229091.612.49$71,445
Apr 20127280101.652.00$74,001
Mar 201253765105.052.22$56,556
Feb 2012471158101.102.57$48,024
Jan 201264863498.092.73$65,296
Dec 201173948196.873.24$73,145
Nov 201170546695.723.31$69,026
Oct 201175846284.983.65$66,100
Sep 201174253883.623.99$64,190
Aug 201172968883.404.15$63,653
Jul 201185466194.144.52$83,381
Jun 201175459392.904.64$72,798
May 201191039298.134.40$91,025
Apr 2011749527105.964.33$81,648
Mar 201179020396.364.06$76,948
Feb 201170543985.644.18$62,211
Jan 201181070186.504.59$73,282
Dec 201077867685.734.35$69,637
Nov 201078267480.843.80$65,775
Oct 201086873278.103.51$70,359
Sep 201072771172.633.98$55,631
Aug 201078160373.684.42$60,209
Jul 201085364472.554.74$64,935
Jun 201076556770.364.91$56,610
May 201091173071.124.24$67,882
Apr 201072453881.694.12$61,362
Mar 201072382278.394.39$60,283
Feb 20101,2451,25973.585.44$98,459
Jan 20101,1031,59774.365.96$91,544
Dec 20091,3892,00371.445.48$110,214
Nov 20091,3081,81574.593.75$104,373
Oct 20091,3891,33472.544.11$106,241
Sep 20091,3541,17665.543.06$92,345
Aug 20091,5291,22167.423.22$107,015
Jul 20091,3801,47261.133.46$89,459
Jun 20091,4771,72566.163.90$104,437
May 20091,5063,48254.743.93$96,108
Apr 20091,5005,24046.773.59$88,954
Mar 20091,6086,46542.144.06$94,003
Feb 20091,5615,99032.814.63$78,968
Jan 20091,7435,32435.865.37$91,099
Dec 20081,4664,74737.105.98$82,762
Nov 20081,5031,89255.496.86$96,381
Oct 20081,0351,18675.246.92$86,083
Sep 200836474101.767.88$37,624
Aug 20081,8261,970114.228.48$225,277
Jul 20081,5852,945131.0811.39$241,304
Jun 20081,6391,244131.3313.03$231,462
May 20081,5128,352123.1711.57$282,902
Apr 20081,0602,002110.3110.45$137,859
Mar 20081,001793101.909.66$109,666
Feb 20081,4981,57892.538.77$152,450
Jan 20081,5913,80390.388.21$175,001
Dec 20071,6349,70488.337.30$215,190
Nov 20071,6168,85091.677.29$212,670
Oct 20071,55511,40882.856.92$207,798
Sep 20071,70210,87875.846.24$197,004
Aug 20071,5338,85269.066.39$162,415
Jul 20071,5852,25970.906.39$126,807
Jun 20071,6282,02062.007.55$116,184
May 20071,6071,87558.747.85$109,107
Apr 20071,6952,11259.617.81$117,524
Mar 20071,7612,03456.927.30$115,088
Feb 20071,55478255.108.22$92,050
Jan 20071,8634550.306.73$94,012
Dec 20061,7983156.656.92$102,071
Nov 20061,673054.207.62$90,677
Oct 20061,5711,82554.906.01$97,223
Sep 20061,05283860.085.04$67,425
Aug 20061,22395068.717.34$91,005
Jul 20061,06277569.376.34$78,587
Jun 20061,0361,47366.286.38$78,070
May 20062,7112,17566.016.42$192,927
Apr 20061,8543,70264.397.36$146,628
Mar 20061,9871,35856.707.08$122,282
Feb 20061,17253657.597.75$71,650
Jan 200675839460.598.93$49,447
Dec 200520826954.9413.42$15,036
Nov 20056611754.6910.59$4,848
Oct 2005872458.3413.80$5,407
Sep 20050061.4512.08$0
Aug 20059541,33161.519.80$71,720
Jul 20056911,89255.697.84$53,322
Jun 20051,6131,60652.337.38$96,262
May 20051,7691,46645.226.65$89,745
Apr 20051,9031,02049.207.36$101,135
Mar 20052,1061,78050.377.15$118,815
Feb 20051,66055645.226.31$78,575
Jan 20052,11347843.166.32$94,219
Dec 20042,47610639.866.75$99,409
Nov 20041,8849445.286.33$85,903
Oct 20041,78251849.706.52$91,940
Sep 20041,52267043.245.28$69,351
Aug 20041,6221,11042.375.55$74,885
Jul 20041,7992,08338.286.08$81,539
Jun 20041,9542,25236.106.43$85,027
May 20042,40758337.486.49$94,001
Apr 20042,36778334.475.86$86,178
Mar 20043,06488034.365.53$110,146
Feb 20042,93965732.455.51$98,990
Jan 20042,22375432.036.30$75,953
Dec 20032,21067530.266.30$71,128
Nov 20032,42499728.804.60$74,393
Oct 20032,1131,17128.174.76$65,097
Sep 20032,16541426.314.75$58,927
Aug 20032,2462,24929.765.13$78,378
Jul 20032,1694,40229.415.17$86,552
Jun 20032,3793,37528.565.98$88,137
May 20032,6114,89626.595.97$98,669
Apr 20032,8316,11926.675.41$108,590
Mar 20033,2994,44231.146.10$129,809
Feb 20033,0513,87933.487.93$132,892
Jan 20032,9255,04830.315.58$116,835
Dec 20023,2904,63826.914.85$111,046
Nov 20023,0946,31924.664.14$102,439
Oct 20023,2685,94026.464.23$111,592
Sep 20023,3165,68227.443.64$111,646
Aug 20024,1407,65025.963.16$131,680
Jul 20025,1707,63424.583.06$150,452
Jun 20024,7804,97923.733.34$130,051
May 20023,9271,26024.663.58$101,356
Apr 20022,2404,96823.653.51$70,425
Mar 20021,7191,37022.003.10$42,069
Feb 20023,2316,91518.222.38$75,297
Jan 20023,6288,08017.172.38$81,488
Dec 20013,0688,29116.932.36$71,544
Nov 20012,8171,09918.072.41$53,547
Oct 20013,3345,24819.782.53$79,218
Sep 20013,5615,69824.262.25$99,218
Aug 20013,7377,28624.873.05$115,185
Jul 20014,1226,04223.933.20$117,956
Jun 20013,4315,77524.563.82$106,350
May 20013,4295,58625.524.31$111,569
Apr 20013,7125,30424.685.34$119,911
Mar 20014,2735,46724.545.38$134,252
Feb 20013,2034,09327.755.77$112,488
Jan 20013,2335,63427.478.40$136,129
Dec 20003,6005,86826.889.12$150,299
Nov 20003,5043,34532.215.66$131,790
Oct 20003,9194,95331.235.15$147,876
Sep 20004,1524,26631.875.19$154,450
Aug 20003,5933,92029.644.54$124,296
Jul 20003,8726,17428.534.09$135,718
Jun 20004,3239,45429.304.40$168,236
May 20003,7626,06027.263.68$124,851
Apr 20002,7175,51324.513.12$83,772
Mar 20003,6106,84928.422.86$122,183
Feb 20004,0036,98427.622.73$129,605
Jan 20004,18313,12425.272.48$138,258
Dec 19993,5928,47824.282.42$107,762
Nov 19993,8488,21523.192.43$109,230
Oct 19994,6971,79920.982.80$103,587
Sep 19994,5398,60721.752.62$121,264
Aug 19994,7826,52119.262.88$110,853
Jul 19995,2342,39017.892.37$99,306
Jun 19994,8433,19715.942.36$84,749
May 19994,6613,97215.792.32$82,816
Apr 19994,7213,12015.102.21$78,176
Mar 19994,7384,84412.471.84$67,988
Feb 19993,9831,5129.981.82$42,499
Jan 19993,7595,97810.381.90$50,376
Dec 19983,7857,3829.201.77$47,913
Nov 19984,4925,89310.892.19$61,798
Oct 19985,5437,63912.421.97$83,887
Sep 19985,33011,64712.592.08$91,361
Aug 19985,75213,28811.301.91$90,342
Jul 19986,20015,40011.742.24$107,242
Jun 19986,32216,79611.242.24$108,636
May 19986,32416,37512.622.21$115,938
Apr 19987,03614,46613.042.51$127,992
Mar 19987,64118,05612.802.31$139,504
Feb 19986,12813,33013.952.30$116,133
Jan 19987,77617,92814.702.15$152,938
Dec 19978,05518,87416.322.41$176,965
Nov 19977,40621,69118.193.09$201,703
Oct 19978,09016,49619.253.15$207,692
Sep 19977,78322,34717.742.95$204,103
Aug 19977,95532,52517.862.55$225,169
Jul 19978,37834,99817.582.25$225,924
Jun 19977,56746,20517.242.26$234,749
May 19978,89541,01718.972.31$263,426
Apr 19977,82227,67817.882.08$197,505
Mar 19976,33834,74118.951.94$187,473
Feb 19977,20929,74320.492.21$213,322
Jan 19978,70340,85623.483.54$348,964
Dec 199610,10148,76823.32$235,555
Nov 199611,52354,36221.97$253,160
Oct 19968,30948,73723.31$193,683
Sep 19968,94250,17122.22$198,691
Aug 199610,52747,06720.26$213,277
Jul 199611,49345,70619.55$224,688
Jun 199610,11332,50318.73$189,416
May 19969,62739,46719.43$187,053
Apr 199610,50641,53321.51$225,984
Mar 199613,92450,11619.38$269,847
Feb 199612,47641,96016.98$211,842
Jan 199615,91448,65317.07$271,652
Dec 199517,41955,78917.19$299,433
Nov 199517,14844,72516.00$274,368
Oct 199517,34844,94715.43$267,680
Sep 199516,63447,27916.18$269,138
Aug 199517,91646,09015.92$285,223
Jul 199517,48037,57915.24$266,395
Jun 199517,99735,36616.41$295,331
May 199520,03038,37117.56$351,727
Apr 199519,03234,79417.73$337,437
Mar 199519,78126,62816.44$325,200
Feb 199515,50820,93316.58$257,123
Jan 199523,99025,72115.92$381,921
Dec 199417,58029,04215.03$264,227
Nov 199411,95743,23215.90$190,116
Oct 199411,09143,42315.58$172,798
Sep 199410,53137,48215.29$161,019
Aug 19949,81428,71316.13$158,300
Jul 19949,80425,71617.56$172,158
Jun 19949,68729,93217.09$165,551
May 19947,20927,74015.88$114,479
Apr 19947,67126,89114.14$108,468
Mar 19947,82130,17712.46$97,450
Feb 19946,75426,07612.50$84,425
Jan 19947,91828,95712.66$100,242
Dec 19938,08827,33212.33$99,725
Nov 19937,49822,46014.49$108,646
Oct 19937,46222,52315.85$118,273
Sep 19937,03723,85215.03$105,766
Aug 19937,78626,08915.66$121,929
Jul 19936,39018,58915.46$98,789
Jun 19937,10218,88716.79$119,243
May 19938,15419,50117.68$144,163
Apr 19938,03615,38718.05$145,050
Mar 19937,38210,17818.14$133,909
Feb 19937,08510,32917.90$126,822
Jan 19938,17611,63716.93$138,420

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
Oil                  540 bbl  × $106.41 =    $57,461
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $57,461

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/1540 is the state's own key, not one this site invented.