SMITH, MORGAN

Operated by HD OPERATING CO, LLC (P-5 103746) in the NEWTON field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 24868District 03Field 65393001OilCasinghead gasSaveExport
Value, all time
$10.4 M
Jun 2006 – May 2026
Value, last 12 filed months
$71 k
at the published price for each month
Months reported
240
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 25 leases and 52 wells, and the rule below applies to all of them.

Discovered
1949-02-06
as the register files it
Field class
Oil
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2006-06-20.

The Commission's schedule remark for this field reads: ADDED, NO PLATS REQUIRED

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
OilDisposition117,122 bbl$8,292,001
Casinghead gasProduction515,942 Mcf$2,105,419
Total$10,397,419

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 30.5400, -93.7685. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.53999, -93.76850 · 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
11,970 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 11,970 ft.

Completions filed
Jun 2006
1 of 1 wells

1 well

42-35130782111,970 ftJun 2006

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 (240)

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

240 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 2026142063.503.75$9,017
Jan 2026170059.138.00$10,052
Dec 2025169056.664.41$9,576
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 2025169062.743.08$10,603
Aug 2025174063.933.01$11,124
Jul 2025177066.743.32$11,813
Jun 2025126066.483.13$8,376
May 2025167060.553.23$10,112
Apr 2025170062.363.54$10,601
Mar 2025169067.704.27$11,441
Feb 2025122070.884.34$8,647
Jan 202516258074.324.28$14,521
Dec 202416662068.993.12$13,388
Nov 202417859069.052.20$13,588
Oct 202417060071.372.28$13,502
Sep 202416760069.612.36$13,043
Aug 202415762075.632.06$13,153
Jul 202417462079.932.15$15,239
Jun 202416655078.082.63$14,410
May 202417849078.812.20$15,105
Apr 2024050084.451.66$830
Mar 202430662080.301.55$25,530
Feb 202417958076.091.78$14,655
Jan 202417061073.023.30$14,425
Dec 202317061071.262.61$13,707
Nov 202317256077.892.81$14,969
Oct 202335262085.443.09$31,989
Sep 202319046089.042.74$18,176
Aug 202319062080.522.67$16,956
Jul 202334862074.852.64$27,686
Jun 202317458068.962.26$13,309
May 202318862070.622.23$14,658
Apr 202319158078.122.24$16,219
Mar 202335761072.852.39$27,467
Feb 202319055075.112.47$15,627
Jan 202317544076.533.39$14,883
Dec 202237152076.415.73$31,327
Nov 202218760085.005.65$19,283
Oct 202236762087.185.86$35,631
Sep 202220260084.888.16$22,044
Aug 202236762094.529.13$40,348
Jul 2022367620101.587.54$41,956
Jun 2022192600115.097.98$26,884
May 2022186530109.378.43$24,812
Apr 2022184570104.226.84$23,074
Mar 2022186620108.885.08$23,399
Feb 202236256091.054.86$35,681
Jan 202219855581.844.54$18,723
Dec 202118860071.323.90$15,748
Nov 202118058077.435.24$16,975
Oct 202118962079.795.71$18,623
Sep 202135156069.865.35$27,517
Aug 202118362066.024.22$14,698
Jul 202135660070.783.98$27,587
Jun 202118256069.493.38$14,540
May 202118464863.483.02$13,636
Apr 202118361460.362.76$12,740
Mar 202136066661.302.72$23,877
Feb 202118847557.805.55$13,502
Jan 202118864950.412.81$11,301
Dec 202018563644.642.68$9,960
Nov 202035561338.772.71$15,422
Oct 202017062636.972.48$7,836
Sep 202035750937.091.99$14,255
Aug 202018456739.982.39$8,709
Jul 202018178138.371.83$8,370
Jun 202018069534.901.69$7,457
May 202018168116.921.81$4,298
Apr 202034589814.751.80$6,709
Mar 202018790930.341.86$7,361
Feb 202018676149.881.98$10,785
Jan 202030385757.252.09$19,142
Dec 201935583359.012.30$22,868
Nov 201917783155.302.75$12,074
Oct 20191771,13353.472.42$12,204
Sep 201917680755.052.66$11,833
Aug 20191781,09953.112.30$11,986
Jul 201935999756.272.46$22,654
Jun 20191861,21952.782.49$12,854
May 20191821,00558.482.74$13,397
Apr 20192101,24662.632.75$16,580
Mar 20193611,08356.803.06$23,821
Feb 20191841,24550.852.79$12,833
Jan 20191821,14446.033.23$12,071
Dec 20183601,08846.594.19$21,326
Nov 20181801,05052.934.24$13,977
Oct 20181861,31461.443.40$15,893
Sep 20181861,47359.543.11$15,653
Aug 20181871,52359.403.07$15,778
Jul 20181901,49965.142.93$16,771
Jun 20181911,51560.183.08$16,156
May 20181861,05865.382.90$15,230
Apr 20181911,27863.842.90$15,901
Mar 20181881,63861.222.79$16,074
Feb 20181891,68061.782.77$16,324
Jan 20183802,06762.874.01$32,178
Dec 20171841,56357.272.92$15,104
Nov 20173962,60955.423.12$30,082
Oct 20172002,69649.292.98$17,902
Sep 20173941,93747.523.09$24,703
Aug 20171921,80545.373.00$14,134
Jul 20171901,97343.873.09$14,427
Jun 20173791,39742.493.09$20,417
May 20172001,47145.373.26$13,874
Apr 20171951,55447.933.21$14,337
Mar 20173861,97146.772.98$23,934
Feb 20172011,64050.452.95$14,983
Jan 201792,03649.413.42$7,405
Dec 20164012,14248.763.72$27,527
Nov 20161991,69342.492.64$12,932
Oct 20162741,61246.193.09$17,638
Sep 20161911,48441.553.10$12,537
Aug 20162231,40141.442.92$13,338
Jul 20163891,61241.622.92$20,904
Jun 20162161,71245.352.69$14,394
May 20163361,90842.521.99$18,086
Apr 20163941,43936.561.99$17,270
Mar 20161891,43933.011.79$8,820
Feb 20162942,37526.472.06$12,683
Jan 20162562,59527.352.36$13,137
Dec 20153702,55332.362.00$17,083
Nov 20153102,20738.792.17$16,808
Oct 20153452,21043.552.43$20,387
Sep 20151792,16542.992.76$13,667
Aug 20153432,06340.162.87$19,701
Jul 20153012,14548.152.95$20,810
Jun 20153392,07956.152.88$25,028
May 20153592,50855.212.96$27,233
Apr 20151922,51949.822.71$16,383
Mar 20153782,59542.892.93$23,828
Feb 20152802,50944.662.98$19,972
Jan 20154062,89143.433.10$26,597
Dec 20143062,71154.693.59$26,471
Nov 20143752,76870.464.25$38,192
Oct 20143892,50278.303.90$40,219
Sep 20143212,16886.164.05$36,428
Aug 20143082,44289.394.04$37,386
Jul 20143842,07296.564.18$45,739
Jun 20142902,27798.164.74$39,252
May 20143922,50294.734.73$48,960
Apr 20142042,33295.944.81$30,787
Mar 20143852,71095.895.06$50,622
Feb 20144792,49897.406.19$62,122
Jan 20143762,74790.404.86$47,343
Dec 20134022,45591.824.35$47,602
Nov 20132112,39788.853.74$27,708
Oct 20133992,47797.423.78$48,232
Sep 20133973,146104.113.72$53,028
Aug 20134014,237104.253.52$56,730
Jul 20134034,390102.523.72$57,636
Jun 20134103,19594.403.93$51,271
May 20132222,34794.834.15$30,790
Apr 20133931,99193.964.28$45,453
Mar 20136252,83793.623.91$69,613
Feb 20132533,64391.233.42$35,540
Jan 20135683,65791.603.42$64,535
Dec 20126262,94786.773.42$64,397
Nov 20124141,49586.953.62$41,417
Oct 20123851,45189.383.40$39,344
Sep 20124211,59994.672.92$44,523
Aug 20123801,09092.662.91$38,381
Jul 20124749685.133.02$40,642
Jun 20123854,73579.822.52$42,658
May 201240519,14891.612.49$84,748
Apr 201250917,243101.652.00$86,171
Mar 201255018,867105.052.22$99,701
Feb 201258617,024101.102.57$103,000
Jan 201240914,11998.092.73$78,721
Dec 201152810,82096.873.24$86,201
Nov 201161410,23195.723.31$92,650
Oct 201141310,42384.983.65$73,125
Sep 201172810,42583.623.99$102,427
Aug 201142010,23883.404.15$77,509
Jul 20117869,41694.144.52$116,528
Jun 20117189,00092.904.64$108,461
May 20113646,17898.134.40$62,932
Apr 20111901,042105.964.33$24,648
Mar 201156867596.364.06$57,471
Feb 20115781,26885.644.18$54,800
Jan 20115421,23586.504.59$52,550
Dec 20105841,38485.734.35$56,084
Nov 20103812,73280.843.80$41,169
Oct 20105693,09878.103.51$55,309
Sep 20105801,58572.633.98$48,433
Aug 20105791,66073.684.42$49,997
Jul 20107741,86972.554.74$65,006
Jun 20105772,05070.364.91$50,664
May 20107671,96671.124.24$62,875
Apr 201038646081.694.12$33,429
Mar 201038973378.394.39$33,711
Feb 20105891,21973.585.44$49,973
Jan 20105891,83474.365.96$54,736
Dec 20097841,63171.445.48$64,953
Nov 20095871,00574.593.75$47,555
Oct 20097791,12372.544.11$61,124
Sep 20097741,18265.543.06$54,350
Aug 20097701,31767.423.22$56,152
Jul 20095781,18261.133.46$39,428
Jun 20095761,22666.163.90$42,883
May 20097671,38654.743.93$47,427
Apr 20096021,37246.773.59$33,078
Mar 20097611,63142.144.06$38,689
Feb 20098031,36132.814.63$32,652
Jan 20091,0081,61335.865.37$44,810
Dec 20086041,22637.105.98$29,736
Nov 20086811,22455.496.86$46,186
Oct 20089981,77375.246.92$87,362
Sep 20085981,401101.767.88$71,888
Aug 20089881,715114.228.48$127,398
Jul 20089862,205131.0811.39$154,359
Jun 20083961,011131.3313.03$65,183
May 20087922,160123.1711.57$122,551
Apr 20089942,153110.3110.45$132,157
Mar 20089972,337101.909.66$124,179
Feb 20081,2002,18992.538.77$130,235
Jan 20081,0012,52990.388.21$111,223
Dec 20071,1962,27388.337.30$122,240
Nov 20071,1952,38291.677.29$126,914
Oct 20071,1892,51582.856.92$115,917
Sep 20071,1833,04175.846.24$108,707
Aug 20071,3742,26269.066.39$109,338
Jul 20071,3772,78970.906.39$115,445
Jun 20071,4422,87362.007.55$111,091
May 20071,5762,55458.747.85$112,614
Apr 20071,5813,45259.617.81$121,187
Mar 20071,9523,42256.927.30$136,095
Feb 20071,7863,32255.108.22$125,702
Jan 20072,1823,37750.306.73$132,471
Dec 20062,5543,96156.656.92$172,088
Nov 20062,5134,79654.207.62$172,738
Oct 20062,4975,09954.906.01$167,750
Sep 20063,2455,87160.085.04$224,533
Aug 20063,7686,38968.717.34$305,794
Jul 20064,7447,49569.376.34$376,630
Jun 20062,3232,73866.286.38$171,448

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.

Feb 2026 — as filed, then multipliedworked
Oil                  142 bbl  × $ 63.50 =     $9,017
Casinghead gas         0 Mcf  × $  3.75 =         $0

────────────────────────────────────────────────────
Month total                                   $9,017

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/24868 is the state's own key, not one this site invented.