CALLAWAY

Operated by HOLLEY OIL COMPANY, LLC (P-5 393200) in the GIDDINGS (BUDA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 26265District 03Field 34733600OilCasinghead gasSaveExport
Value, all time
$8.9 M
Oct 2012 – May 2026
Value, last 12 filed months
$182 k
at the published price for each month
Months reported
164
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 598 leases and 630 wells, and the rule below applies to all of them.

Discovered
1977-03-26
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 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 1997-05-16.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858.

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
OilDisposition116,982 bbl$8,822,784
Casinghead gasProduction25,951 Mcf$92,938
Total$8,915,722

Every month this lease reported (164)

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

164 months

May 202600106.413.05$0
Apr 2026177098.932.87$17,511
Mar 2026350089.753.15$31,413
Feb 2026178063.503.75$11,303
Jan 2026181059.138.00$10,703
Dec 2025172056.664.41$9,746
Nov 2025359058.593.93$21,034
Oct 2025187059.383.30$11,104
Sep 2025354062.743.08$22,210
Aug 2025181063.933.01$11,571
Jul 2025368066.743.32$24,560
Jun 2025167066.483.13$11,102
May 2025348060.553.23$21,071
Apr 2025184062.363.54$11,474
Mar 2025367067.704.27$24,846
Feb 2025181070.884.34$12,829
Jan 2025344074.324.28$25,566
Dec 2024187068.993.12$12,901
Nov 2024362069.052.20$24,996
Oct 2024357071.372.28$25,479
Sep 2024175069.612.36$12,182
Aug 2024353075.632.06$26,697
Jul 2024177079.932.15$14,148
Jun 2024352078.082.63$27,484
May 2024173078.812.20$13,634
Apr 2024350084.451.66$29,558
Mar 2024187080.301.55$15,016
Feb 2024352076.091.78$26,784
Jan 2024345073.023.30$25,192
Dec 2023310071.262.61$22,091
Nov 2023315077.892.81$24,535
Oct 2023703085.443.09$60,064
Sep 2023177089.042.74$15,760
Aug 2023179080.522.67$14,413
Jul 2023355074.852.64$26,572
Jun 2023150068.962.26$10,344
May 2023179070.622.23$12,641
Apr 2023360078.122.24$28,123
Mar 2023371072.852.39$27,027
Feb 2023353075.112.47$26,514
Jan 2023168076.533.39$12,857
Dec 2022418076.415.73$31,939
Nov 2022337085.005.65$28,645
Oct 2022446087.185.86$38,882
Sep 2022722084.888.16$61,283
Aug 20220094.529.13$0
Jul 20221300101.587.54$13,205
Jun 20221530115.097.98$17,609
May 20223040109.378.43$33,248
Apr 20223070104.226.84$31,996
Mar 20224520108.885.08$49,214
Feb 2022309091.054.86$28,134
Jan 2022306081.844.54$25,043
Dec 2021306071.323.90$21,824
Nov 2021306077.435.24$23,694
Oct 2021306079.795.71$24,416
Sep 2021320069.865.35$22,355
Aug 2021323066.024.22$21,324
Jul 2021326070.783.98$23,074
Jun 2021326069.493.38$22,654
May 2021326063.483.02$20,694
Apr 2021326060.362.76$19,677
Mar 2021480061.302.72$29,424
Feb 20210057.805.55$0
Jan 2021323050.412.81$16,282
Dec 2020327044.642.68$14,597
Nov 2020320038.772.71$12,406
Oct 2020316036.972.48$11,683
Sep 2020321037.091.99$11,906
Aug 2020324039.982.39$12,954
Jul 2020488038.371.83$18,725
Jun 2020489034.901.69$17,066
May 2020486016.921.81$8,223
Apr 20200014.751.80$0
Mar 2020476030.341.86$14,442
Feb 2020483049.881.98$24,092
Jan 2020490057.252.09$28,053
Dec 2019491059.012.30$28,974
Nov 2019325055.302.75$17,973
Oct 2019484053.472.42$25,879
Sep 2019673055.052.66$37,049
Aug 2019492053.112.30$26,130
Jul 2019838056.272.46$47,154
Jun 2019650052.782.49$34,307
May 2019813058.482.74$47,544
Apr 2019818062.632.75$51,231
Mar 2019317056.803.06$18,006
Feb 2019177050.852.79$9,000
Jan 2019339046.033.23$15,604
Dec 2018504046.594.19$23,481
Nov 2018309052.934.24$16,355
Oct 20180061.443.40$0
Sep 2018480059.543.11$28,579
Aug 2018491059.403.07$29,165
Jul 2018323065.142.93$21,040
Jun 2018330060.183.08$19,859
May 2018330065.382.90$21,575
Apr 2018325063.842.90$20,748
Mar 2018363061.222.79$22,223
Feb 2018495061.782.77$30,581
Jan 20180062.874.01$0
Dec 2017163057.272.92$9,335
Nov 2017305055.423.12$16,903
Oct 2017324049.292.98$15,970
Sep 2017325047.523.09$15,444
Aug 2017484045.373.00$21,959
Jul 2017187043.873.09$8,204
Jun 2017491042.493.09$20,863
May 2017455045.373.26$20,643
Apr 2017330047.933.21$15,817
Mar 2017346046.772.98$16,182
Feb 2017494050.452.95$24,922
Jan 2017496049.413.42$24,507
Dec 2016335048.763.72$16,335
Nov 201654527242.492.64$23,876
Oct 201653633946.193.09$25,805
Sep 201671333641.553.10$30,667
Aug 201652134741.442.92$22,605
Jul 201654630741.622.92$23,622
Jun 201669537045.352.69$32,512
May 201670737442.521.99$30,806
Apr 201690136236.561.99$33,661
Mar 201637021433.011.79$12,598
Feb 201657227226.472.06$15,702
Jan 201673833727.352.36$20,981
Dec 201574633132.362.00$24,803
Nov 201573833138.792.17$29,344
Oct 201589138743.552.43$39,742
Sep 201574742442.992.76$33,283
Aug 201591346240.162.87$37,993
Jul 201591745248.152.95$45,485
Jun 201590843756.152.88$52,244
May 201591842455.212.96$51,936
Apr 201572642249.822.71$37,311
Mar 20151,08444942.892.93$47,810
Feb 201574435944.662.98$34,295
Jan 20151,07347043.433.10$48,058
Dec 201493148754.693.59$52,665
Nov 20141,08951170.464.25$78,904
Oct 20141,09553578.303.90$87,826
Sep 20141,48061986.164.05$130,021
Aug 20141,09439489.394.04$99,383
Jul 20141,12148796.564.18$110,279
Jun 201492722598.164.74$92,060
May 20141,48949094.734.73$143,369
Apr 20141,14549395.944.81$112,222
Mar 20141,31453295.895.06$128,690
Feb 20141,65866897.406.19$165,625
Jan 20141,67318090.404.86$152,114
Dec 20132,06964591.824.35$192,784
Nov 20132,56488388.853.74$231,112
Oct 20132,61569397.423.78$257,372
Sep 20131,634325104.113.72$171,324
Aug 20134,2381,173104.253.52$445,944
Jul 20133,142665102.523.72$324,590
Jun 20131,10154294.403.93$106,066
May 201336349194.834.15$36,460
Apr 20133,5171,40493.964.28$336,470
Mar 20135,3121,31593.623.91$502,455
Feb 20134,6051,13891.233.42$424,006
Jan 20136,30315991.603.42$577,899
Dec 20124,2381,20086.773.42$371,835
Nov 20124,7501,00386.953.62$416,648
Oct 2012421689.383.40$1,092

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 2026 — as filed, then multipliedworked
Oil                  177 bbl  × $ 98.93 =    $17,511
Casinghead gas         0 Mcf  × $  2.87 =         $0

────────────────────────────────────────────────────
Month total                                  $17,511

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/26265 is the state's own key, not one this site invented.