RICE, WM. INSTITUTE -B-

Operated by MILESTONE OPERATING, INC. (P-5 567103) in the HICKSBAUGH field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 2087District 03Field 41064001OilCasinghead gasSaveExport
Value, all time
$3.4 M
Jan 1993 – May 2026
Value, last 12 filed months
$69 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 5 leases and 13 wells, and the rule below applies to all of them.

Discovered
1949-05-08
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,100 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres.

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
OilDisposition68,603 bbl$3,235,080
Casinghead gasProduction60,837 Mcf$166,911
Total$3,401,991

21,779 Mcf of this lease's gas, across 46 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 (6)

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 30.5603, -94.3621. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.1 miles.

30.56061, -94.36113 · 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%
4 of 6 wells
With a plug date
50.0%
3 of 6 wells
Median depth
8,551 ft
5 wells filed one
Completion to plug
6.4 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
466.7%
A plug date is filed
350.0%
BothOn the schedule and plugged. Neither fact cancels the other.
350.0%
NeitherNo plug date, and not on the schedule.
233.3%

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 3,517 and 8,702 ft, median 8,551 ft, over the 5 wells that filed a depth.

Completions filed
Jul 1963 – Apr 2015
5 of 6 wells; 1 filed none
Plug dates filed
May 1986 – Sep 2010
3 of 6 wells; 3 filed none

Last completion to plug: a median of 6.4 years across the 3 wells that filed both dates, with the middle half between 4.4 years and 17.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

6 wells

42-4570018358,551 ft
42-457001942D6,910 ftApr 2015
42-457004781D3,517 ftMay 1989Oct 1991Yes
42-4570019648,601 ftAug 1982Sep 2010Yes
42-4570019538,702 ftDec 1979May 1986Yes
42-457001992Jul 1963Yes

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 20261011189.753.15$9,099
Feb 20261851163.503.75$11,789
Jan 202601059.138.00$80
Dec 20251221356.664.41$6,970
Nov 2025991358.593.93$5,851
Oct 2025911159.383.30$5,440
Sep 20251171162.743.08$7,374
Aug 20251071163.933.01$6,874
Jul 20251071166.743.32$7,178
Jun 2025132866.483.13$8,800
May 202555760.553.23$3,353
Apr 20251361062.363.54$8,516
Mar 2025112367.704.27$7,595
Feb 202561370.884.34$4,337
Jan 20250374.324.28$13
Dec 202471568.993.12$4,914
Nov 2024821269.052.20$5,688
Oct 2024971271.372.28$6,950
Sep 2024611269.612.36$4,275
Aug 20241021275.632.06$7,739
Jul 20241011279.932.15$8,099
Jun 2024851278.082.63$6,668
May 20241061378.812.20$8,382
Apr 20241151384.451.66$9,733
Mar 2024761480.301.55$6,124
Feb 2024951276.091.78$7,250
Jan 20241121373.023.30$8,221
Dec 2023941471.262.61$6,735
Nov 20231091477.892.81$8,529
Oct 2023851585.443.09$7,309
Sep 20231031589.042.74$9,212
Aug 20231111680.522.67$8,980
Jul 2023751674.852.64$5,656
Jun 20231211568.962.26$8,378
May 2023931670.622.23$6,603
Apr 2023771578.122.24$6,049
Mar 20231251772.852.39$9,147
Feb 2023791675.112.47$5,973
Jan 2023991876.533.39$7,637
Dec 2022831876.415.73$6,445
Nov 2022951785.005.65$8,171
Oct 20221201887.185.86$10,567
Sep 20221161784.888.16$9,985
Aug 20221101894.529.13$10,561
Jul 202215218101.587.54$15,576
Jun 202212717115.097.98$14,752
May 202210218109.378.43$11,308
Apr 202213617104.226.84$14,290
Mar 202216618108.885.08$18,165
Feb 2022961691.054.86$8,819
Jan 20221181881.844.54$9,739
Dec 20211531871.323.90$10,982
Nov 2021601877.435.24$4,740
Oct 20211051979.795.71$8,487
Sep 20211021869.865.35$7,222
Aug 20211201966.024.22$8,003
Jul 2021911970.783.98$6,517
Jun 20211211869.493.38$8,469
May 20211151963.483.02$7,358
Apr 20211261860.362.76$7,655
Mar 20211441961.302.72$8,879
Feb 2021871857.805.55$5,128
Jan 20211392050.412.81$7,063
Dec 20201142044.642.68$5,142
Nov 20201361938.772.71$5,324
Oct 20201182036.972.48$4,412
Sep 20201421937.091.99$5,305
Aug 20201331839.982.39$5,360
Jul 20201611938.371.83$6,212
Jun 20201181734.901.69$4,147
May 20201352016.921.81$2,321
Apr 20201191914.751.80$1,790
Mar 20201662030.341.86$5,074
Feb 20201112049.881.98$5,576
Jan 20202352157.252.09$13,498
Dec 20191422059.012.30$8,426
Nov 201902055.302.75$55
Oct 20191092153.472.42$5,879
Sep 20191142055.052.66$6,329
Aug 20191432153.112.30$7,643
Jul 2019992156.272.46$5,622
Jun 20191702052.782.49$9,022
May 20192482158.482.74$14,561
Apr 20191692062.632.75$10,639
Mar 20191722156.803.06$9,834
Feb 20192162150.852.79$11,042
Jan 20191332446.033.23$6,199
Dec 20181712446.594.19$8,067
Nov 20181632352.934.24$8,725
Oct 20181602461.443.40$9,912
Sep 20181672359.543.11$10,015
Aug 20182262459.403.07$13,498
Jul 20181792465.142.93$11,730
Jun 20181932360.183.08$11,686
May 20182132465.382.90$13,996
Apr 20182132363.842.90$13,665
Mar 20181242461.222.79$7,658
Feb 20181532461.782.77$9,519
Jan 20181532462.874.01$9,715
Dec 20171542457.272.92$8,890
Nov 20172072455.423.12$11,547
Oct 20171282549.292.98$6,384
Sep 20171712047.523.09$8,188
Aug 20171192145.373.00$5,462
Jul 20171492543.873.09$6,614
Jun 20171822442.493.09$7,807
May 20171842545.373.26$8,430
Apr 20171952547.933.21$9,427
Mar 20171102646.772.98$5,222
Feb 20171342350.452.95$6,828
Jan 20171592649.413.42$7,945
Dec 20161682648.763.72$8,288
Nov 20161702542.492.64$7,289
Oct 20162092646.193.09$9,734
Sep 20161312541.553.10$5,521
Aug 20161512741.442.92$6,336
Jul 20161662741.622.92$6,988
Jun 20161672645.352.69$7,643
May 20161442742.521.99$6,177
Apr 20161702636.561.99$6,267
Mar 20161542733.011.79$5,132
Feb 20161742726.472.06$4,662
Jan 20162082927.352.36$5,757
Dec 20151642932.362.00$5,365
Nov 20151792838.792.17$7,004
Oct 20151902943.552.43$8,345
Sep 20152002842.992.76$8,675
Aug 20151172940.162.87$4,782
Jul 20151772848.152.95$8,605
Jun 20151722756.152.88$9,736
May 20151722855.212.96$9,579
Apr 20151512949.822.71$7,601
Mar 20151503042.892.93$6,522
Feb 20151742744.662.98$7,851
Jan 20151673043.433.10$7,346
Dec 20141353054.693.59$7,491
Nov 20141512970.464.25$10,763
Oct 20141513078.303.90$11,940
Sep 20141383086.164.05$12,011
Aug 20141573189.394.04$14,159
Jul 20141833196.564.18$17,800
Jun 20141833198.164.74$18,110
May 20141973194.734.73$18,808
Apr 20141803095.944.81$17,413
Mar 20142033195.895.06$19,622
Feb 20141332997.406.19$13,134
Jan 20141493290.404.86$13,625
Dec 20131573391.824.35$14,559
Nov 20131353188.853.74$12,111
Oct 20131273297.423.78$12,493
Sep 201315163104.113.72$15,955
Aug 201316366104.253.52$17,225
Jul 201314868102.523.72$15,426
Jun 20131436994.403.93$13,771
May 20131544394.834.15$14,782
Apr 20132205793.964.28$20,915
Mar 20132656593.623.91$25,064
Feb 20131805991.233.42$16,623
Jan 20131176191.603.42$10,926
Dec 20121486086.773.42$13,047
Nov 20122906186.953.62$25,437
Oct 2012956389.383.40$8,705
Sep 20121206394.672.92$11,544
Aug 20121736392.662.91$16,213
Jul 2012626685.133.02$5,477
Jun 20121856479.822.52$14,928
May 20121336691.612.49$12,348
Apr 201217963101.652.00$18,321
Mar 201210361105.052.22$10,956
Feb 20129058101.102.57$9,248
Jan 20121256798.092.73$12,444
Dec 20111226796.873.24$12,035
Nov 2011788695.723.31$7,751
Oct 20111758484.983.65$15,178
Sep 20111598483.623.99$13,630
Aug 20111158683.404.15$9,948
Jul 20112069294.144.52$19,808
Jun 20111729092.904.64$16,396
May 20111458698.134.40$14,608
Apr 201121076105.964.33$22,581
Mar 2011638796.364.06$6,424
Feb 20112008085.644.18$17,462
Jan 2011668986.504.59$6,117
Dec 20101799585.734.35$15,759
Nov 201010310380.843.80$8,717
Oct 201013310778.103.51$10,763
Sep 201013110472.633.98$9,928
Aug 201012810873.684.42$9,908
Jul 201013110872.554.74$10,016
Jun 20101259970.364.91$9,281
May 201012810971.124.24$9,565
Apr 20101239881.694.12$10,452
Mar 20101379578.394.39$11,156
Feb 20101438473.585.44$10,979
Jan 20101209074.365.96$9,460
Dec 20092078871.445.48$15,271
Nov 20092808974.593.75$21,219
Oct 20091269972.544.11$9,547
Sep 20092679865.543.06$17,800
Aug 200919710267.423.22$13,610
Jul 200915310361.133.46$9,710
Jun 200915910566.163.90$10,928
May 200918110954.743.93$10,336
Apr 200920013946.773.59$9,853
Mar 200919614642.144.06$8,852
Feb 200917013832.814.63$6,217
Jan 200920514635.865.37$8,135
Dec 200824614837.105.98$10,011
Nov 200818714555.496.86$11,371
Oct 200821614875.246.92$17,276
Sep 200819772101.767.88$20,614
Aug 200895102114.228.48$11,716
Jul 2008230109131.0811.39$31,390
Jun 200813995131.3313.03$19,493
May 200823999123.1711.57$30,583
Apr 200823893110.3110.45$27,226
Mar 200897103101.909.66$10,880
Feb 20081879592.538.77$18,136
Jan 200822710190.388.21$21,345
Dec 200718910388.337.30$17,446
Nov 20071649991.677.29$15,756
Oct 200721410882.856.92$18,477
Sep 20071799875.846.24$14,187
Aug 20071969869.066.39$14,162
Jul 200716210870.906.39$12,176
Jun 200716110262.007.55$10,752
May 200720511058.747.85$12,905
Apr 200715613259.617.81$10,329
Mar 200719712256.927.30$12,104
Feb 20071498255.108.22$8,884
Jan 200715210250.306.73$8,332
Dec 200616910856.656.92$10,321
Nov 20061638254.207.62$9,459
Oct 200620010354.906.01$11,599
Sep 20062019060.085.04$12,529
Aug 200620111668.717.34$14,662
Jul 200633410869.376.34$23,855
Jun 20061009266.286.38$7,215
May 200617910966.016.42$12,516
Apr 20062019964.397.36$13,671
Mar 200631111756.707.08$18,462
Feb 200610820557.597.75$7,809
Jan 200628610960.598.93$18,302
Dec 200523512354.9413.42$14,561
Nov 200519113054.6910.59$11,822
Oct 200514316958.3413.80$10,674
Sep 20058612561.4512.08$6,795
Aug 200521817961.519.80$15,163
Jul 200526317955.697.84$16,050
Jun 200514115952.337.38$8,552
May 200520820545.226.65$10,769
Apr 200516720949.207.36$9,755
Mar 200522027950.377.15$13,078
Feb 200520313245.226.31$10,013
Jan 200519118643.166.32$9,419
Dec 200425019839.866.75$11,302
Nov 200415817745.286.33$8,275
Oct 200417018149.706.52$9,628
Sep 200410818143.245.28$5,626
Aug 200429042.375.55$1,229
Jul 200410613738.286.08$4,891
Jun 200419327636.106.43$8,743
May 200421423937.486.49$9,573
Apr 200416427034.475.86$7,235
Mar 200429723934.365.53$11,527
Feb 200418424332.455.51$7,310
Jan 200418015232.036.30$6,723
Dec 200315620830.266.30$6,031
Nov 200319622028.804.60$6,656
Oct 200324524928.174.76$8,087
Sep 200318027026.314.75$6,018
Aug 200318524929.765.13$6,783
Jul 20031049429.415.17$3,545
Jun 200320022928.565.98$7,082
May 200319722926.595.97$6,606
Apr 200320123026.675.41$6,604
Mar 200320817931.146.10$7,568
Feb 2003407233.487.93$1,910
Jan 200318020730.315.58$6,611
Dec 200217725926.914.85$6,020
Nov 200221425124.664.14$6,316
Oct 200224419926.464.23$7,298
Sep 200220917327.443.64$6,364
Aug 200223220325.963.16$6,665
Jul 200216318024.583.06$4,558
Jun 200210418023.733.34$3,069
May 200221320324.663.58$5,980
Apr 200217724323.653.51$5,040
Mar 200224327022.003.10$6,184
Feb 200218125218.222.38$3,896
Jan 200222922517.172.38$4,466
Dec 200110117116.932.36$2,114
Nov 200119027018.072.41$4,083
Oct 200113227919.782.53$3,317
Sep 200116627024.262.25$4,635
Aug 200120427924.873.05$5,925
Jul 200113625923.933.20$4,083
Jun 200117324024.563.82$5,167
May 200116427925.524.31$5,387
Apr 200120027024.685.34$6,377
Mar 200118325624.545.38$5,867
Feb 200120120927.755.77$6,783
Jan 200113421227.478.40$5,462
Dec 200017128026.889.12$7,151
Nov 200019322032.215.66$7,461
Oct 200017624931.235.15$6,778
Sep 200018924031.875.19$7,268
Aug 200022525029.644.54$7,804
Jul 200020114728.534.09$6,336
Jun 200018326329.304.40$6,518
May 200022727927.263.68$7,215
Apr 200017926124.513.12$5,201
Mar 200021126628.422.86$6,757
Feb 200017622627.622.73$5,477
Jan 200017915125.272.48$4,898
Dec 199918014824.282.42$4,729
Nov 199914914823.192.43$3,816
Oct 199919215320.982.80$4,457
Sep 199919830121.752.62$5,095
Aug 199918130119.262.88$4,352
Jul 199918031017.892.37$3,956
Jun 199920129615.942.36$3,903
May 199920931015.792.32$4,020
Apr 199923430015.102.21$4,196
Mar 199920431012.471.84$3,114
Feb 19992302989.981.82$2,837
Jan 199922530910.381.90$2,923
Dec 19983633019.201.77$3,873
Nov 199819933010.892.19$2,888
Oct 199824034112.421.97$3,652
Sep 199818930812.592.08$3,021
Aug 199821134111.301.91$3,035
Jul 199823550811.742.24$3,895
Jun 199820054711.242.24$3,472
May 199824446512.622.21$4,105
Apr 199827043813.042.51$4,618
Mar 199815919012.802.31$2,474
Feb 199823215013.952.30$3,581
Jan 199823334114.702.15$4,160
Dec 199719428016.322.41$3,841
Nov 199719129518.193.09$4,385
Oct 199723633719.253.15$5,604
Sep 199723349617.742.95$5,599
Aug 199717948217.862.55$4,428
Jul 199717349117.582.25$4,145
Jun 199721464117.242.26$5,136
May 199722123318.972.31$4,730
Apr 199734228817.882.08$6,715
Mar 199720429918.951.94$4,446
Feb 199725338920.492.21$6,042
Jan 199728825523.483.54$7,665
Dec 19961726623.32$4,011
Nov 199615926721.97$3,493
Oct 19961468923.31$3,403
Sep 199618218322.22$4,044
Aug 199628544220.26$5,774
Jul 199630456319.55$5,943
Jun 199635874418.73$6,705
May 199616864419.43$3,264
Apr 199628875421.51$6,195
Mar 199637882319.38$7,326
Feb 199626676216.98$4,517
Jan 199622135917.07$3,772
Dec 1995731717.19$1,255
Nov 199513021716.00$2,080
Oct 199523937115.43$3,688
Sep 199522937116.18$3,705
Aug 199523839215.92$3,789
Jul 199522737715.24$3,459
Jun 199523235016.41$3,807
May 199526838617.56$4,706
Apr 199528142117.73$4,982
Mar 199524154216.44$3,962
Feb 199526260416.58$4,344
Jan 199529355115.92$4,665
Dec 199416524915.03$2,480
Nov 199414253615.90$2,258
Oct 199412311915.58$1,916
Sep 199431086115.29$4,740
Aug 199429875216.13$4,807
Jul 199433285217.56$5,830
Jun 199441166617.09$7,024
May 199438440915.88$6,098
Apr 199401314.14$0
Mar 19940012.46$0
Feb 199417418712.50$2,175
Jan 199431475312.66$3,975
Dec 199339052712.33$4,809
Nov 199378014.49$1,130
Oct 199331966615.85$5,056
Sep 199343583615.03$6,538
Aug 199338891515.66$6,076
Jul 199343499315.46$6,710
Jun 199331361116.79$5,255
May 199324046517.68$4,243
Apr 199322546118.05$4,061
Mar 199324637718.14$4,462
Feb 1993592417.90$1,056
Jan 199315721216.93$2,658

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.

Mar 2026 — as filed, then multipliedworked
Oil                  101 bbl  × $ 89.75 =     $9,065
Casinghead gas        11 Mcf  × $  3.15 =        $35

────────────────────────────────────────────────────
Month total                                   $9,099

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/2087 is the state's own key, not one this site invented.