JEFFERSON LAND COMPANY

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

Oil lease lease 9052District 03Field 55184284OilCasinghead gasSaveExport
Value, all time
$13.0 M
Jan 1993 – May 2026
Value, last 12 filed months
$139 k
at the published price for each month
Months reported
401
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 19 leases and 78 wells, and the rule below applies to all of them.

Discovered
1942-07-12
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 Commission's schedule remark for this field reads: 160 ACRES. BALANCING RULE IN EFFECT.

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
OilDisposition236,048 bbl$11,698,821
Casinghead gasProduction380,325 Mcf$1,339,802
Total$13,038,623

55,351 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (21)

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 29.9511, -94.1360. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles. 6 wells have no surveyed location and are left out of it.

29.95213, -94.13562 · centre of 15 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
85.7%
18 of 21 wells
With a plug date
9.5%
2 of 21 wells
Median depth
7,865 ft
15 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
1885.7%
A plug date is filed
29.5%
BothOn the schedule and plugged. Neither fact cancels the other.
29.5%
NeitherNo plug date, and not on the schedule.
314.3%

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

Total depth in feet, 15 of 21 wells. Median 7,865 ft, with the middle half between 7,798 and 9,490 ft; the shallowest is 7,790 ft and the deepest 10,111 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 12 of 21 wells, Sep 1972 – Jan 2010. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Sep 1972 – Jan 2010
12 of 21 wells; 9 filed none
Plug dates filed
Nov 1979 – Dec 1985
2 of 21 wells; 19 filed none

21 wells

42-24501760107,797 ftYes
42-24501761117,790 ftDec 1985Yes
42-2450176313Yes
42-2450176515Yes
42-2450176616Yes
42-2450177121Yes
42-24501796487,916 ftNov 1979Yes
42-2450333550 LYes
42-2450337051Yes
42-245325816210,111 ftJan 2010
42-24501787409,855 ftAug 2008Yes
42-24501794469,650 ftMay 2008
42-24501791439,330 ftMar 2008Yes
42-2450340552 T7,870 ftDec 2002Yes
42-2450175667,793 ftJul 2001Yes
42-24532067597,865 ftJan 2000
42-24501769197,856 ftSep 1997Yes
42-24501780317,798 ftJan 1995Yes
42-24501779307,797 ftOct 1994Yes
42-2453004553 D7,850 ftAug 1992Yes
42-24503248499,668 ftSep 1972Yes

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 (401)

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

401 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 202622042689.753.15$21,087
Feb 202617837963.503.75$12,724
Jan 202618633759.138.00$13,693
Dec 202518139556.664.41$11,999
Nov 202517738958.593.93$11,898
Oct 202519938959.383.30$13,102
Sep 202518737662.743.08$12,889
Aug 202518738663.933.01$13,119
Jul 202521440866.743.32$15,635
Jun 202518234966.483.13$13,191
May 202518442960.553.23$12,528
Apr 202519441562.363.54$13,568
Mar 202523242967.704.27$17,538
Feb 202513532070.884.34$10,958
Jan 202514230574.324.28$11,858
Dec 202422841468.993.12$17,022
Nov 202419940069.052.20$14,620
Oct 202419641471.372.28$14,933
Sep 202419238969.612.36$14,285
Aug 202418140575.632.06$14,525
Jul 202422539279.932.15$18,826
Jun 202418439878.082.63$15,415
May 202419539778.812.20$16,241
Apr 202419936484.451.66$17,410
Mar 202418339880.301.55$15,310
Feb 202422739676.091.78$17,979
Jan 202416937173.023.30$13,564
Dec 202318942071.262.61$14,565
Nov 202327960577.892.81$23,430
Oct 202337174985.443.09$34,011
Sep 202331876389.042.74$30,402
Aug 202329987480.522.67$26,412
Jul 202336082774.852.64$29,131
Jun 202330375268.962.26$22,593
May 202336777970.622.23$27,653
Apr 202331173978.122.24$25,949
Mar 202342675572.852.39$32,841
Feb 202335259075.112.47$27,893
Jan 202336165476.533.39$29,843
Dec 202236164976.415.73$31,302
Nov 202242866085.005.65$40,106
Oct 202235869387.185.86$35,274
Sep 202241162984.888.16$40,021
Aug 202241967894.529.13$45,792
Jul 2022410674101.587.54$46,731
Jun 2022406680115.097.98$52,151
May 2022428704109.378.43$52,747
Apr 2022435680104.226.84$49,985
Mar 2022670672108.885.08$76,361
Feb 202255958091.054.86$53,715
Jan 202253571981.844.54$47,047
Dec 202164069771.323.90$48,362
Nov 202165967477.435.24$54,556
Oct 202164867779.795.71$55,572
Sep 202137147069.865.35$28,433
Aug 202126152966.024.22$19,464
Jul 202126754570.783.98$21,068
Jun 202133662469.493.38$25,458
May 202130052363.483.02$20,622
Apr 202135351460.362.76$22,725
Mar 202135851361.302.72$23,339
Feb 202122546557.805.55$15,585
Jan 202134950250.412.81$19,004
Dec 202034768244.642.68$17,315
Nov 202034975638.772.71$15,577
Oct 202029760436.972.48$12,477
Sep 202039259337.091.99$15,720
Aug 202023867339.982.39$11,120
Jul 202036778638.371.83$15,516
Jun 202025570734.901.69$10,095
May 202036674216.921.81$7,539
Apr 202032074414.751.80$6,062
Mar 202037874430.341.86$12,850
Feb 202039674449.881.98$21,226
Jan 202033086057.252.09$20,694
Dec 201939988059.012.30$25,573
Nov 201934577655.302.75$21,213
Oct 201926860353.472.42$15,788
Sep 201919942255.052.66$12,076
Aug 201936572053.112.30$21,044
Jul 201929771956.272.46$18,481
Jun 201935866952.782.49$20,562
May 201929064958.482.74$18,738
Apr 201929971262.632.75$20,685
Mar 201935278156.803.06$22,385
Feb 201935870350.852.79$20,167
Jan 201944578346.033.23$23,011
Dec 201828578346.594.19$16,555
Nov 201835167952.934.24$21,456
Oct 201836675661.443.40$25,056
Sep 201836591859.543.11$24,585
Aug 20184011,11459.403.07$27,236
Jul 201841396465.142.93$29,729
Jun 201841393160.183.08$27,719
May 201848396365.382.90$34,372
Apr 201834591963.842.90$24,691
Mar 201842296761.222.79$28,530
Feb 20183461,03561.782.77$24,239
Jan 201849799862.874.01$35,248
Dec 20173571,10457.272.92$23,671
Nov 20175071,09555.423.12$31,513
Oct 20176781,12849.292.98$36,784
Sep 201750381147.523.09$26,406
Aug 20173341,13745.373.00$18,570
Jul 20175001,13943.873.09$25,451
Jun 20175111,13042.493.09$25,201
May 20175031,23245.373.26$26,842
Apr 20175041,18747.933.21$27,969
Mar 20175021,20646.772.98$27,077
Feb 20175061,10550.452.95$28,790
Jan 20175981,19449.413.42$33,629
Dec 20165381,12448.763.72$30,417
Nov 20166201,14042.492.64$29,358
Oct 20166191,22046.193.09$32,362
Sep 20166091,16541.553.10$28,916
Aug 20165631,12241.442.92$26,612
Jul 20165501,30941.622.92$26,719
Jun 20165531,34045.352.69$28,678
May 20165511,37242.521.99$26,160
Apr 20166231,37036.561.99$25,505
Mar 20167081,40233.011.79$25,886
Feb 20166101,50026.472.06$19,242
Jan 20166951,57227.352.36$22,725
Dec 20155651,73432.362.00$21,754
Nov 20155731,69838.792.17$25,907
Oct 20156051,66843.552.43$30,395
Sep 20156711,37442.992.76$32,636
Aug 20156821,39040.162.87$31,382
Jul 20157491,38048.152.95$40,129
Jun 20155691,55956.152.88$36,444
May 20155931,99855.212.96$38,645
Apr 20156171,00749.822.71$33,464
Mar 20157741,07242.892.93$36,343
Feb 201557599344.662.98$28,635
Jan 20156461,00443.433.10$31,169
Dec 20147331,18554.693.59$44,344
Nov 20146221,07970.464.25$48,414
Oct 20147081,04978.303.90$59,529
Sep 20145861,16786.164.05$55,211
Aug 20146871,19589.394.04$66,233
Jul 20146781,31996.564.18$70,981
Jun 20145881,37498.164.74$64,227
May 20147631,43494.734.73$79,057
Apr 20146861,46795.944.81$72,870
Mar 20145671,19595.895.06$60,413
Feb 20147541,21097.406.19$80,932
Jan 20146781,09290.404.86$66,599
Dec 20137541,19691.824.35$74,440
Nov 20137171,11588.853.74$67,874
Oct 20135951,07297.423.78$62,016
Sep 20136741,064104.113.72$74,126
Aug 20136831,284104.253.52$75,726
Jul 20135811,333102.523.72$64,520
Jun 20136931,25194.403.93$70,340
May 20137241,57894.834.15$75,204
Apr 20136661,30093.964.28$68,145
Mar 20136191,21593.623.91$62,705
Feb 20137961,35091.233.42$77,236
Jan 20138991,86891.603.42$88,737
Dec 20127971,86486.773.42$75,531
Nov 20127961,50086.953.62$74,650
Oct 20121,0001,59989.383.40$94,816
Sep 20128511,32094.672.92$84,416
Aug 20128181,36992.662.91$79,777
Jul 20128151,43485.133.02$73,713
Jun 20128201,81079.822.52$70,012
May 20128471,71291.612.49$81,854
Apr 20129181,705101.652.00$96,719
Mar 20127451,480105.052.22$81,551
Feb 20128181,396101.102.57$86,288
Jan 20128391,36698.092.73$86,032
Dec 20118131,38996.873.24$83,255
Nov 20117871,56695.723.31$80,517
Oct 20117371,87084.983.65$69,453
Sep 20117291,40083.623.99$66,539
Aug 20118221,30983.404.15$73,986
Jul 20118451,32394.144.52$85,525
Jun 20119751,11592.904.64$95,751
May 20119321,56498.134.40$98,346
Apr 20118001,410105.964.33$90,878
Mar 20111,1511,46196.364.06$116,838
Feb 20116871,26485.644.18$64,118
Jan 20118761,48086.504.59$82,565
Dec 20106501,08685.734.35$60,446
Nov 20106771,26080.843.80$59,511
Oct 20107551,21078.103.51$63,211
Sep 20106661,37972.633.98$53,859
Aug 20106561,01773.684.42$52,829
Jul 201073892872.554.74$57,937
Jun 201061688470.364.91$47,683
May 20104911,41171.124.24$40,896
Apr 20105771,05581.694.12$51,485
Mar 201049691578.394.39$42,897
Feb 201049365073.585.44$39,812
Jan 201056271874.365.96$46,073
Dec 200960081471.445.48$47,328
Nov 200950484374.593.75$40,756
Oct 200964091972.544.11$50,203
Sep 200957958065.543.06$39,725
Aug 200965362767.423.22$46,043
Jul 20096231,04761.133.46$41,711
Jun 20096151,17066.163.90$45,246
May 20096441,09054.743.93$39,532
Apr 200960590046.773.59$31,525
Mar 200954837442.144.06$24,611
Feb 20097041,19632.814.63$28,639
Jan 20098501,78935.865.37$40,090
Dec 20081,0061,34437.105.98$45,356
Nov 200894092655.496.86$58,513
Oct 20081,0231,15675.246.92$84,972
Sep 2008396405101.767.88$43,487
Aug 20088731,181114.228.48$109,733
Jul 2008977907131.0811.39$138,395
Jun 20081,4021,001131.3313.03$197,170
May 20081,130910123.1711.57$149,715
Apr 2008667855110.3110.45$82,516
Mar 2008427430101.909.66$47,667
Feb 200844338692.538.77$44,376
Jan 200844939990.388.21$43,855
Dec 200735142588.337.30$34,107
Nov 200739663091.677.29$40,895
Oct 200738335682.856.92$34,196
Sep 200732967675.846.24$29,172
Aug 200727432069.066.39$20,967
Jul 200745549870.906.39$35,441
Jun 200735156362.007.55$26,012
May 200737743258.747.85$25,535
Apr 200739059059.617.81$27,853
Mar 200734043356.927.30$22,515
Feb 200738839255.108.22$24,599
Jan 200745240950.306.73$25,487
Dec 200661661156.656.92$39,124
Nov 200659853754.207.62$36,502
Oct 200662762654.906.01$38,187
Sep 200660973060.085.04$40,266
Aug 200650365668.717.34$39,376
Jul 200658463269.376.34$44,521
Jun 200663984066.286.38$47,715
May 200666171566.016.42$48,226
Apr 200662975664.397.36$46,066
Mar 200659970556.707.08$38,957
Feb 200648349657.597.75$31,661
Jan 200655882660.598.93$41,188
Dec 200562383354.9413.42$45,403
Nov 200560653354.6910.59$38,786
Oct 200548961358.3413.80$36,985
Sep 200534477861.4512.08$30,536
Aug 200557860361.519.80$41,460
Jul 200558082155.697.84$38,740
Jun 20057111,33352.337.38$47,046
May 20055871,10145.226.65$33,867
Apr 200545361349.207.36$26,800
Mar 200551083650.377.15$31,670
Feb 20055611,17245.226.31$32,766
Jan 200554684843.166.32$28,927
Dec 200449380839.866.75$25,106
Nov 20045411,25545.286.33$32,441
Oct 20045771,04949.706.52$35,511
Sep 200464583643.245.28$32,307
Aug 200456877542.375.55$28,368
Jul 200466187938.286.08$30,651
Jun 200471663336.106.43$29,920
May 200465896837.486.49$30,949
Apr 20045371,07334.475.86$24,797
Mar 200475782634.365.53$30,578
Feb 20045011,99532.455.51$27,249
Jan 20046181,43232.036.30$28,816
Dec 20037011,38230.266.30$29,921
Nov 20035931,25828.804.60$22,859
Oct 200366581728.174.76$22,622
Sep 20036611,04226.314.75$22,340
Aug 20036301,29829.765.13$25,407
Jul 200357374429.415.17$20,699
Jun 200349974228.565.98$18,691
May 200359086926.595.97$20,878
Apr 200356579526.675.41$19,367
Mar 200359793031.146.10$24,260
Feb 20035461,35233.487.93$28,996
Jan 20035591,35630.315.58$24,513
Dec 20025991,28326.914.85$22,346
Nov 20026211,19024.664.14$20,237
Oct 20026151,14426.464.23$21,111
Sep 20026911,38427.443.64$23,992
Aug 20027681,13325.963.16$23,522
Jul 200279990624.583.06$22,413
Jun 200277299023.733.34$21,624
May 20029031,10724.663.58$26,235
Apr 200272790823.653.51$20,383
Mar 200281099822.003.10$20,917
Feb 200276471418.222.38$15,616
Jan 200283093017.172.38$16,460
Dec 20017741,68816.932.36$17,095
Nov 200180695418.072.41$16,859
Oct 200182797119.782.53$18,814
Sep 20017141,12824.262.25$19,861
Aug 20017381,22124.873.05$22,082
Jul 20018101,56923.933.20$24,400
Jun 20018401,14424.563.82$25,005
May 20015551,37925.524.31$20,103
Apr 200175179424.685.34$22,771
Mar 20017921,04924.545.38$25,076
Feb 200164897927.755.77$23,628
Jan 20018161,48227.478.40$34,862
Dec 20005311,02026.889.12$23,578
Nov 20007511,13932.215.66$30,634
Oct 200066571931.235.15$24,468
Sep 200071788531.875.19$27,441
Aug 20009221,51329.644.54$34,198
Jul 20008251,38428.534.09$29,197
Jun 20008381,07229.304.40$29,267
May 20001,0141,06827.263.68$31,572
Apr 20001,0371,91724.513.12$31,390
Mar 20001,0742,01028.422.86$36,271
Feb 20001,2151,57827.622.73$37,861
Jan 20009291,62325.272.48$27,502
Dec 199950226324.282.42$12,826
Nov 199948955723.192.43$12,696
Oct 199958351620.982.80$13,678
Sep 199959552021.752.62$14,303
Aug 199951460919.262.88$11,651
Jul 199949651917.892.37$10,105
Jun 199958665415.942.36$10,886
May 199949558815.792.32$9,181
Apr 199955660915.102.21$9,740
Mar 199960349412.471.84$8,428
Feb 19995866049.981.82$6,946
Jan 199967657210.381.90$8,104
Dec 19985595479.201.77$6,113
Nov 199868633010.892.19$8,192
Oct 199860344412.421.97$8,364
Sep 199871045012.592.08$9,876
Aug 199852991211.301.91$7,717
Jul 199882384611.742.24$11,555
Jun 199853870011.242.24$7,613
May 19987271,49112.622.21$12,464
Apr 199866652613.042.51$10,002
Mar 199875682812.802.31$11,589
Feb 199878990413.952.30$13,085
Jan 199877099514.702.15$13,463
Dec 199786888916.322.41$16,309
Nov 199777272618.193.09$16,285
Oct 199784783019.253.15$18,919
Sep 199776782517.742.95$16,044
Aug 199785676117.862.55$17,232
Jul 199786886117.582.25$17,194
Jun 199773795117.242.26$14,852
May 199783592318.972.31$17,971
Apr 199792889517.882.08$18,457
Mar 199773869818.951.94$15,339
Feb 199768773620.492.21$15,700
Jan 199778272823.483.54$20,938
Dec 199682479323.32$19,216
Nov 199674770921.97$16,412
Oct 19966501,24023.31$15,152
Sep 199662488822.22$13,865
Aug 19967631,30920.26$15,458
Jul 19967181,66719.55$14,037
Jun 19967571,27418.73$14,179
May 19969291,80019.43$18,050
Apr 19968641,50821.51$18,585
Mar 19969991,80419.38$19,361
Feb 19968871,57716.98$15,061
Jan 19969091,51317.07$15,517
Dec 19958961,50017.19$15,402
Nov 19958771,46616.00$14,032
Oct 19959161,40215.43$14,134
Sep 19957451,34616.18$12,054
Aug 19958301,29915.92$13,214
Jul 19957621,30315.24$11,613
Jun 19959521,37116.41$15,622
May 19959251,16317.56$16,243
Apr 19959351,14817.73$16,578
Mar 19951,0951,68216.44$18,002
Feb 19958721,44716.58$14,458
Jan 19959181,49815.92$14,615
Dec 19948411,69015.03$12,640
Nov 19946211,23115.90$9,874
Oct 19947851,66515.58$12,230
Sep 19941,1191,86915.29$17,110
Aug 19948451,89616.13$13,630
Jul 19941,0601,95517.56$18,614
Jun 19949841,63317.09$16,817
May 19947261,40415.88$11,529
Apr 199464474714.14$9,106
Mar 199466351012.46$8,261
Feb 199452268012.50$6,525
Jan 199468199512.66$8,621
Dec 19936751,39512.33$8,323
Nov 199374536114.49$10,795
Oct 199357132915.85$9,050
Sep 199367674915.03$10,160
Aug 199388479115.66$13,843
Jul 19931,22192415.46$18,877
Jun 199374090216.79$12,425
May 199352954617.68$9,353
Apr 1993152018.05$271
Mar 199311619218.14$2,104
Feb 19931018817.90$1,808
Jan 1993487216.93$813

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.

Mar 2026 — as filed, then multipliedworked
Oil                  220 bbl  × $ 89.75 =    $19,745
Casinghead gas       426 Mcf  × $  3.15 =     $1,342

────────────────────────────────────────────────────
Month total                                  $21,087

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/9052 is the state's own key, not one this site invented.