GIBSON

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 26931District 03Field 32157071OilCasinghead gasSaveExport
Value, all time
$2.8 M
Nov 2015 – May 2026
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
127
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 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
OilDisposition58,619 bbl$2,232,955
Casinghead gasProduction214,969 Mcf$526,401
Total$2,759,357

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 30.9233, -95.7236. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.92326, -95.72357 · 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
10,567 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 10,567 ft.

Completions filed
Nov 2015
1 of 1 wells

1 well

42-313313031H10,567 ftNov 2015

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 (127)

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

127 months

May 202600106.413.05$0
Apr 20265098.932.87$495
Mar 20267089.753.15$628
Feb 20267063.503.75$445
Jan 202615059.138.00$887
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 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 2020820349.881.98$801
Jan 20202423357.252.09$1,862
Dec 20193730659.012.30$2,889
Nov 20193431955.302.75$2,758
Oct 20191712253.472.42$1,204
Sep 20191830655.052.66$1,804
Aug 20192327253.112.30$1,848
Jul 2019931056.272.46$1,269
Jun 20191630352.782.49$1,599
May 20193838958.482.74$3,288
Apr 20194136362.632.75$3,566
Mar 20193040356.803.06$2,938
Feb 20196137350.852.79$4,143
Jan 201910341346.033.23$6,074
Dec 201814941546.594.19$8,679
Nov 201814941252.934.24$9,632
Oct 201813946461.443.40$10,117
Sep 201816040959.543.11$10,798
Aug 201821455259.403.07$14,404
Jul 201820676265.142.93$15,653
Jun 201820070560.183.08$14,205
May 201813167665.382.90$10,526
Apr 201818448263.842.90$13,145
Mar 201828753361.222.79$19,056
Feb 201830264061.782.77$20,428
Jan 20183951,15462.874.01$29,460
Dec 20173201,49557.272.92$22,694
Nov 20173431,21855.423.12$22,807
Oct 20173862,29849.292.98$25,882
Sep 20174252,25147.523.09$27,145
Aug 20174912,57845.373.00$30,022
Jul 20175573,02843.873.09$33,784
Jun 20176893,63442.493.09$40,495
May 20177053,66445.373.26$43,943
Apr 20178044,17547.933.21$51,944
Mar 20178254,50646.772.98$52,030
Feb 20175303,11050.452.95$35,921
Jan 20176944,49649.413.42$49,661
Dec 20168683,65648.763.72$55,934
Nov 20169373,65642.492.64$49,481
Oct 20168162,89346.193.09$46,631
Sep 20168863,08141.553.10$46,366
Aug 20161,3134,88441.442.92$68,693
Jul 20161,7116,23641.622.92$89,448
Jun 20161,76610,10545.352.69$107,228
May 20162,47117,01742.521.99$138,948
Apr 20163,50612,90536.561.99$153,874
Mar 20165,94913,92233.011.79$221,353
Feb 20164,40013,66226.472.06$144,661
Jan 20166,12021,91127.352.36$219,187
Dec 20157,32619,96732.362.00$277,032
Nov 201510,77233,10238.792.17$489,589

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                    5 bbl  × $ 98.93 =       $495
Casinghead gas         0 Mcf  × $  2.87 =         $0

────────────────────────────────────────────────────
Month total                                     $495

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/26931 is the state's own key, not one this site invented.