B. A. STEINHAGEN B

Operated by MILESTONE OPERATING, INC. (P-5 567103) in the LOVELLS LAKE (MARG. 2) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 26969District 03Field 55184426OilCasinghead gasSaveExport
Value, all time
$1.3 M
Jan 2016 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
125
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 15 leases and 53 wells, and the rule below applies to all of them.

Discovered
1948-02-04
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 40 acres. The field rule took effect on 1966-01-21.

The Commission's schedule remark for this field reads: PER ORDER 3-835 EFF 8-5-39, RULES ADOPTED.

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
OilDisposition24,141 bbl$1,097,743
Casinghead gasProduction61,700 Mcf$171,275
Total$1,269,018

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 29.9429, -94.1398. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.94286, -94.13975 · 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
100.0%
1 of 1 wells
Median depth
7,920 ft
1 wells filed one
Completion to plug
1 well filed both, dated out of order

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
00.0%

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 7,920 ft.

Completions filed
Jan 2016
1 of 1 wells
Plug dates filed
Mar 1973
1 of 1 wells

Last completion to plug: no median is published. 1 well on this lease filed both dates, and on that one the last completion is dated after the plug date, so there is no interval to take a median of. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-24501741107,920 ftJan 2016Mar 1973

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 (125)

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

125 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 202124060.362.76$1,449
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 2020953938.772.71$3,789
Oct 202016290636.972.48$8,235
Sep 202032287737.091.99$13,689
Aug 202016193739.982.39$8,672
Jul 20204951,04338.371.83$20,897
Jun 202016490534.901.69$7,253
May 20201671,02816.921.81$4,691
Apr 20203251,00214.751.80$6,602
Mar 20203301,00230.341.86$11,872
Feb 20201651,03149.881.98$10,272
Jan 20203291,24957.252.09$21,452
Dec 20191641,10159.012.30$12,215
Nov 20193331,12155.302.75$21,498
Oct 201916693453.472.42$11,135
Sep 201916165855.052.66$10,612
Aug 20193261,16853.112.30$20,005
Jul 20191651,09856.272.46$11,986
Jun 20193301,04852.782.49$20,028
May 201916696858.482.74$12,360
Apr 201933998062.632.75$23,927
Mar 20193251,13956.803.06$21,948
Feb 201918097350.852.79$11,870
Jan 20194981,07746.033.23$26,400
Dec 20181611,18146.594.19$12,444
Nov 20183331,04452.934.24$22,049
Oct 20181751,28561.443.40$15,119
Sep 20183351,39259.543.11$24,272
Aug 20183211,83159.403.07$24,682
Jul 20181761,37265.142.93$15,487
Jun 20183481,32260.183.08$25,010
May 20183411,36665.382.90$26,257
Apr 20181721,27063.842.90$14,665
Mar 20183391,09661.222.79$23,808
Feb 201834498261.782.77$23,969
Jan 20185161,06662.874.01$36,715
Dec 20173401,18657.272.92$22,937
Nov 20173441,25855.423.12$22,987
Oct 20175131,38349.292.98$29,412
Sep 201734762347.523.09$18,413
Aug 20173381,49545.373.00$19,827
Jul 20173461,34343.873.09$19,325
Jun 20175041,30042.493.09$25,428
May 201734899845.373.26$19,046
Apr 201735596247.933.21$20,105
Mar 201751289146.772.98$26,605
Feb 201734086450.452.95$19,704
Jan 201751097749.413.42$28,539
Dec 201651984748.763.72$28,460
Nov 201651693542.492.64$24,397
Oct 201651999146.193.09$27,035
Sep 201667993541.553.10$31,112
Aug 201667186741.442.92$30,342
Jul 20161,01593941.622.92$44,990
Jun 20161,00899545.352.69$48,385
May 20161,0071,03242.521.99$44,872
Apr 20168971,09536.561.99$34,975
Mar 20161,4301,13233.011.79$49,235
Feb 20161,6301,11726.472.06$45,451
Jan 201604427.352.36$104

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 2021 — as filed, then multipliedworked
Oil                   24 bbl  × $ 60.36 =     $1,449
Casinghead gas         0 Mcf  × $  2.76 =         $0

────────────────────────────────────────────────────
Month total                                   $1,449

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/26969 is the state's own key, not one this site invented.