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GIBBS BROTHERS

Operated by EOG RESOURCES, INC. (P-5 253162) in the FORT TRINIDAD, EAST (BUDA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 26255District 03Field 32157071OilCasinghead gasSaveExport
Value, all time
$19.1 M
Aug 2012 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
166
no gaps in the span
Streams
2
oil, casinghead gas

The FORT TRINIDAD, EAST (BUDA) field

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 310 leases and 403 wells, and the rule below applies to all of them.

Discovered
1965-04-27
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 80 acres. The field rule took effect on 2016-02-23.

The Commission's schedule remark for this field reads: “DUE TO COMPUTER RESTRAINTS THE HIGHEST POSSIBLE TOP IS 3499”

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
OilDisposition211,024 bbl$16,128,097
Casinghead gasProduction833,779 Mcf$2,954,553
Total$19,082,650

Wells on this lease (2)

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 30.9196, -95.7018. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

30.91965, -95.70184 · 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
50.0%
1 of 2 wells
With a plug date
50.0%
1 of 2 wells
Median depth
11,636 ft
2 wells filed one
Completion to plug
9.6 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
150.0%
A plug date is filed
150.0%
BothOn the schedule and plugged. Neither fact cancels the other.
150.0%
NeitherNo plug date, and not on the schedule.
150.0%

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

Between 11,582 and 11,690 ft, median 11,636 ft, over the 2 wells that filed a depth.

Completions filed
Oct 2012 – May 2014
2 of 2 wells
Plug dates filed
May 2022
1 of 2 wells; 1 filed none

Last completion to plug: a median of 9.6 years across the 1 well that filed both dates, with the middle half between 9.6 years and 9.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-31331091211,582 ftMay 2014——
42-31330919111,690 ftOct 2012May 2022Yes

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 (166)

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

166 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 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
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 2020159044.642.68$7,098
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 2020199038.371.83$7,636
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 202007214.751.80$130
Mar 202011,23230.341.86$2,317
Feb 202021,30349.881.98$2,681
Jan 202001,28057.252.09$2,681
Dec 201901,52359.012.30$3,510
Nov 20193631,16055.302.75$23,265
Oct 201901,54453.472.42$3,734
Sep 20191781,29755.052.66$13,245
Aug 2019288353.112.30$2,141
Jul 20191881,09656.272.46$13,275
Jun 201918658552.782.49$11,274
May 2019118958.482.74$576
Apr 20190062.632.75$0
Mar 201901456.803.06$43
Feb 2019022350.852.79$623
Jan 201904246.033.23$136
Dec 2018032846.594.19$1,373
Nov 201801,01052.934.24$4,280
Oct 20183682,04061.443.40$29,542
Sep 201802,41959.543.11$7,518
Aug 201801,80359.403.07$5,529
Jul 20181851,32165.142.93$15,924
Jun 20181772,25460.183.08$17,587
May 201802,72065.382.90$7,890
Apr 201812,15763.842.90$6,321
Mar 20183702,52961.222.79$29,699
Feb 201802,82661.782.77$7,817
Jan 201802,98762.874.01$11,976
Dec 20173592,10357.272.92$26,704
Nov 20171934,23955.423.12$23,915
Oct 20173843,93549.292.98$30,668
Sep 201703,58547.523.09$11,068
Aug 20171873,30445.373.00$18,411
Jul 20173732,49643.873.09$24,069
Jun 20173093,28842.493.09$23,280
May 20171874,03745.373.26$21,659
Apr 20173823,90747.933.21$30,857
Mar 20173575,24846.772.98$32,355
Feb 20174005,30150.452.95$35,832
Jan 20177255,53849.413.42$54,756
Dec 20165365,71248.763.72$47,400
Nov 20165554,70442.492.64$36,021
Oct 20165544,41846.193.09$39,242
Sep 20166083,34041.553.10$35,619
Aug 20166173,41841.442.92$35,564
Jul 20161,0583,55941.622.92$54,442
Jun 20161,4093,31645.352.69$72,804
May 201636064642.521.99$16,593
Apr 20161,08374936.561.99$41,086
Mar 20162,3465,12433.011.79$86,634
Feb 20161,0006,36626.472.06$39,607
Jan 20161,8233,65127.352.36$58,491
Dec 20151,9965,46632.362.00$75,530
Nov 20151,4624,92938.792.17$67,394
Oct 20153,6459,19943.552.43$181,062
Sep 20154,2439,80342.992.76$209,447
Aug 20153,8435,67540.162.87$170,636
Jul 20158477,59548.152.95$63,151
Jun 20152,53813,04856.152.88$180,124
May 20153,65116,18755.212.96$249,412
Apr 20153,84918,15149.822.71$240,884
Mar 20154,54320,96742.892.93$256,381
Feb 20154,01518,94044.662.98$235,679
Jan 20155,12223,73343.433.10$296,036
Dec 20146,80425,19054.693.59$462,577
Nov 20147,71126,49570.464.25$655,970
Oct 20149,70833,20878.303.90$889,679
Sep 201410,50426,88086.164.05$1,013,766
Aug 201416,07541,71889.394.04$1,605,281
Jul 201411,39524,99496.564.18$1,204,766
Jun 20141,4767,30798.164.74$179,497
May 20142,41710,76894.734.73$279,858
Apr 20142,03111,66495.944.81$250,948
Mar 20142,3318,76095.895.06$267,817
Feb 20142,3767,29297.406.19$276,574
Jan 20144,1719,14390.404.86$421,500
Dec 20133,5737,88791.824.35$362,417
Nov 20134,2429,44588.853.74$412,210
Oct 20138614,15797.423.78$99,589
Sep 20132,67317,488104.113.72$343,302
Aug 20132,86422,041104.253.52$376,214
Jul 20133,54720,987102.523.72$441,663
Jun 20132,98020,00694.403.93$360,004
May 20133,55619,84494.834.15$419,550
Apr 20133,98620,12293.964.28$460,699
Mar 20134,83518,25493.623.91$524,078
Feb 20134,21619,02291.233.42$449,679
Jan 20135,60631,86091.603.42$622,468
Dec 20126,21128,04886.773.42$634,857
Nov 20127,73930,55586.953.62$783,667
Oct 20125,93321,30189.383.40$602,708
Sep 20125,70813,73694.672.92$580,464
Aug 20127,55613,09392.662.91$738,216

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 2020 — as filed, then multipliedworked
Oil                  159 bbl  × $ 44.64 =     $7,098
Casinghead gas         0 Mcf  × $  2.68 =         $0

────────────────────────────────────────────────────
Month total                                   $7,098

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/26255 is the state's own key, not one this site invented.