STATE TRACT 746-L

Operated by TR OFFSHORE, LLC (P-5 863725) in the MSTG ISL 746-L (MARG TEX 10) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 127705District 04Field 64123500CondensateGasSaveExport
Value, all time
$99.7 M
Jan 1993 – May 2026
Value, last 12 filed months
$16 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
condensate, 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 other leases, and the rule below applies to all of them.

Discovered
1988-02-06
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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
CondensateDisposition91,419 bbl$6,490,256
GasProduction30,308,990 Mcf$93,208,888
Total$99,699,144

8,527,704 Mcf of this lease's gas, across 46 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.

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 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 2025242066.483.13$16,088
May 2025011460.553.23$368
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 2025127074.324.28$9,439
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 202424683978.082.63$21,418
May 202424516,43678.812.20$55,442
Apr 202437019,08684.451.66$62,914
Mar 202437513,74480.301.55$51,349
Feb 202424914,85176.091.78$45,435
Jan 202438018,33973.023.30$88,223
Dec 202336319,68871.262.61$77,267
Nov 202324818,09277.892.81$70,111
Oct 202337318,34285.443.09$88,496
Sep 2023132089.042.74$11,753
Aug 2023468080.522.67$37,683
Jul 2023247074.852.64$18,488
Jun 2023248068.962.26$17,102
May 2023490070.622.23$34,604
Apr 2023375078.122.24$29,295
Mar 2023124072.852.39$9,033
Feb 20230075.112.47$0
Jan 2023504076.533.39$38,571
Dec 202262236,91876.415.73$259,033
Nov 202249233,07785.005.65$228,579
Oct 202249339,43687.185.86$274,223
Sep 202248935,77984.888.16$333,595
Aug 202248433,35494.529.13$350,175
Jul 202215138,139101.587.54$302,986
Jun 202247939,996115.097.98$374,184
May 202260241,902109.378.43$419,202
Apr 202261643,758104.226.84$363,399
Mar 202287842,480108.885.08$311,242
Feb 20222392,96891.054.86$36,182
Jan 20220081.844.54$0
Dec 202101,73571.323.90$6,765
Nov 202102,74177.435.24$14,354
Oct 202136523,16879.795.71$161,502
Sep 202148432,19269.865.35$206,069
Aug 202149536,03166.024.22$184,752
Jul 202137332,24970.783.98$154,819
Jun 202149736,08669.493.38$156,530
May 202151625,39663.483.02$109,392
Apr 202152433,59560.362.76$124,298
Mar 202150132,11361.302.72$117,960
Feb 202124915,93957.805.55$102,821
Jan 202150436,12050.412.81$126,914
Dec 202062938,32244.642.68$130,608
Nov 202050034,39138.772.71$112,467
Oct 202037634,95836.972.48$100,542
Sep 202049837,25637.091.99$92,649
Aug 202062038,11339.982.39$115,691
Jul 202047236,80338.371.83$85,281
Jun 202049736,49834.901.69$79,038
May 202050336,99716.921.81$75,651
Apr 202043733,66014.751.80$67,181
Mar 202054836,92830.341.86$85,173
Feb 202033534,03149.881.98$84,114
Jan 202054036,27957.252.09$106,910
Dec 201942236,87159.012.30$109,866
Nov 201955437,11355.302.75$132,723
Oct 201942839,35653.472.42$118,069
Sep 201941737,33155.052.66$122,155
Aug 201942925,89753.112.30$82,460
Jul 201942537,66756.272.46$116,578
Jun 201944539,02552.782.49$120,706
May 201943337,72558.482.74$128,700
Apr 201947139,24462.632.75$137,447
Mar 201954241,09956.803.06$156,635
Feb 201942837,45150.852.79$126,335
Jan 201953243,28146.033.23$164,207
Dec 201854042,14646.594.19$201,558
Nov 201854241,32352.934.24$203,784
Oct 201844240,24061.443.40$163,895
Sep 201854940,17659.543.11$157,554
Aug 201844641,71959.403.07$154,426
Jul 201854842,94165.142.93$161,595
Jun 201831941,85460.183.08$147,979
May 201852442,85165.382.90$158,561
Apr 201845441,53063.842.90$149,454
Mar 201852043,91461.222.79$154,216
Feb 201834040,49961.782.77$133,030
Jan 201842943,28162.874.01$200,499
Dec 201752043,43257.272.92$156,668
Nov 201763242,54355.423.12$167,690
Oct 201749435,58449.292.98$130,521
Sep 201715217,81047.523.09$62,208
Aug 201743929,65245.373.00$109,004
Jul 201745842,31943.873.09$150,743
Jun 201746833,00342.493.09$121,775
May 201754741,36745.373.26$159,814
Apr 201763939,92947.933.21$158,863
Mar 201753042,57346.772.98$151,812
Feb 201751537,55850.452.95$136,876
Jan 201750839,47949.413.42$160,071
Dec 201652939,35148.763.72$172,291
Nov 201653740,59042.492.64$130,151
Oct 201641242,14846.193.09$149,279
Sep 201650141,19041.553.10$148,532
Aug 201650142,29041.442.92$144,432
Jul 201648442,01641.622.92$143,013
Jun 201639839,89145.352.69$125,190
May 201653743,60442.521.99$109,651
Apr 201655544,96736.561.99$109,822
Mar 201644442,86633.011.79$91,558
Feb 201657242,83626.472.06$103,538
Jan 201654946,20427.352.36$124,258
Dec 201553147,77332.362.00$112,797
Nov 201553547,60538.792.17$123,928
Oct 201554849,19143.552.43$143,231
Sep 201554045,18442.992.76$147,851
Aug 201553245,08840.162.87$150,880
Jul 201562946,90948.152.95$168,437
Jun 201552246,56156.152.88$163,539
May 201563948,76155.212.96$179,390
Apr 201552548,22249.822.71$156,672
Mar 201573752,35442.892.93$185,254
Feb 201542030,55844.662.98$109,704
Jan 201532626,63143.433.10$96,731
Dec 201475345,64054.693.59$205,091
Nov 201451745,36570.464.25$229,313
Oct 201469948,67978.303.90$244,627
Sep 201439245,79586.164.05$219,036
Aug 201458846,85289.394.04$241,615
Jul 201449347,99796.564.18$248,212
Jun 201451647,29998.164.74$274,700
May 201462243,36394.734.73$263,880
Apr 201452248,11695.944.81$281,476
Mar 201475051,23295.895.06$330,987
Feb 201463842,23397.406.19$323,648
Jan 201463148,10490.404.86$290,862
Dec 201363147,79391.824.35$266,052
Nov 201371249,23088.853.74$247,297
Oct 201362052,67197.423.78$259,463
Sep 201362946,995104.113.72$240,200
Aug 201373252,158104.253.52$260,043
Jul 201353347,923102.523.72$232,808
Jun 201361749,77294.403.93$254,018
May 201369953,40094.834.15$287,847
Apr 201367051,50193.964.28$283,511
Mar 201356449,32993.623.91$245,820
Feb 201362042,02191.233.42$200,271
Jan 201369852,45991.603.42$243,342
Dec 201268552,01086.773.42$237,320
Nov 201258950,44686.953.62$234,078
Oct 201265051,63989.383.40$233,653
Sep 201258052,09794.672.92$206,948
Aug 201270054,31392.662.91$222,813
Jul 201269653,69685.133.02$221,455
Jun 201258952,84979.822.52$180,143
May 201275552,53591.612.49$199,889
Apr 201260251,307101.652.00$163,643
Mar 201270453,129105.052.22$192,012
Feb 201259050,781101.102.57$190,168
Jan 201284056,65998.092.73$237,306
Dec 201183457,51096.873.24$267,107
Nov 201160952,79495.723.31$233,109
Oct 201152540,25684.983.65$191,490
Sep 201170954,74183.623.99$277,473
Aug 201171248,10583.404.15$258,984
Jul 201158855,57194.144.52$306,382
Jun 201167455,36992.904.64$319,520
May 201165957,65098.134.40$318,606
Apr 201166756,616105.964.33$316,008
Mar 201191359,49796.364.06$329,376
Feb 201169349,98285.644.18$268,272
Jan 201176756,58086.504.59$325,979
Dec 201069556,75585.734.35$306,339
Nov 201071855,32280.843.80$268,008
Oct 201083560,99478.103.51$279,235
Sep 201072952,70472.633.98$262,681
Aug 201069759,52273.684.42$314,404
Jul 201068458,98772.554.74$329,016
Jun 201067854,84070.364.91$316,990
May 201061460,02171.124.24$297,870
Apr 201077157,97181.694.12$301,979
Mar 201080959,01578.394.39$322,415
Feb 201080148,03373.585.44$320,350
Jan 201080657,66774.365.96$403,865
Dec 2009062,43771.445.48$342,389
Nov 2009059,96374.593.75$224,951
Oct 2009060,34272.544.11$248,021
Sep 2009058,74865.543.06$180,048
Aug 2009060,80367.423.22$195,694
Jul 2009062,78361.133.46$217,512
Jun 2009062,47666.163.90$243,344
May 2009066,22454.743.93$259,979
Apr 2009062,14846.773.59$222,956
Mar 2009065,57242.144.06$266,157
Feb 2009063,85232.814.63$295,826
Jan 2009069,69035.865.37$374,305
Dec 2008069,71937.105.98$416,720
Nov 2008066,12055.496.86$453,607
Oct 2008066,19075.246.92$458,166
Sep 2008051,189101.767.88$403,220
Aug 2008069,994114.228.48$593,761
Jul 2008069,015131.0811.39$786,042
Jun 2008064,766131.3313.03$844,071
May 2008067,702123.1711.57$783,603
Apr 2008066,284110.3110.45$692,990
Mar 2008067,902101.909.66$656,210
Feb 2008061,53892.538.77$539,724
Jan 2008061,63790.388.21$505,777
Dec 2007069,21288.337.30$505,384
Nov 2007065,66091.677.29$478,773
Oct 2007070,42782.856.92$487,494
Sep 2007055,50675.846.24$346,588
Aug 2007069,30369.066.39$442,703
Jul 2007070,04470.906.39$447,437
Jun 2007068,39562.007.55$516,276
May 2007071,09758.747.85$557,847
Apr 2007070,10559.617.81$547,184
Mar 2007059,52956.927.30$434,679
Feb 2007060,72655.108.22$498,925
Jan 2007052,02750.306.73$349,978
Dec 2006063,76656.656.92$441,161
Nov 2006073,56254.207.62$560,357
Oct 2006052,18254.906.01$313,812
Sep 2006064,97060.085.04$327,267
Aug 2006072,89168.717.34$535,014
Jul 2006074,03169.376.34$469,561
Jun 2006070,06866.286.38$447,306
May 2006075,48466.016.42$484,985
Apr 2006073,75264.397.36$542,850
Mar 2006071,17456.707.08$504,120
Feb 2006066,24757.597.75$513,488
Jan 2006078,80760.598.93$704,008
Dec 2005086,51154.9413.42$1,160,580
Nov 2005079,64654.6910.59$843,324
Oct 2005077,25758.3413.80$1,065,819
Sep 2005060,57361.4512.08$731,661
Aug 2005060,57361.519.80$593,424
Jul 2005079,88555.697.84$626,589
Jun 2005078,21352.337.38$577,293
May 2005081,31645.226.65$540,846
Apr 2005079,78549.207.36$587,256
Mar 2005073,17850.377.15$523,580
Feb 2005074,49245.226.31$470,188
Jan 2005080,45343.166.32$508,640
Dec 2004081,38839.866.75$549,457
Nov 2004078,36845.286.33$496,102
Oct 2004083,89549.706.52$546,584
Sep 2004082,14043.245.28$434,020
Aug 2004085,68242.375.55$475,592
Jul 2004085,02038.286.08$517,277
Jun 2004071,37136.106.43$459,131
May 2004089,26137.486.49$579,713
Apr 2004090,33034.475.86$529,195
Mar 2004098,39734.365.53$544,149
Feb 2004090,25132.455.51$497,249
Jan 2004095,73432.036.30$603,090
Dec 2003094,27430.266.30$594,081
Nov 2003090,05128.804.60$413,799
Oct 2003093,41928.174.76$444,641
Sep 2003892,34126.314.75$438,771
Aug 2003099,66629.765.13$511,259
Jul 2003089,71429.415.17$463,897
Jun 2003092,84128.565.98$555,464
May 2003088,03626.595.97$525,811
Apr 2003086,74026.675.41$469,027
Mar 2003091,32131.146.10$556,696
Feb 2003093,98133.487.93$744,882
Jan 2003099,48630.315.58$555,335
Dec 2002081,81326.914.85$397,101
Nov 2002093,63224.664.14$387,352
Oct 2002062,94726.464.23$266,210
Sep 2002094,99827.443.64$345,337
Aug 20020101,50725.963.16$321,184
Jul 2002099,46424.583.06$304,535
Jun 20020100,81623.733.34$336,548
May 2002095,64924.663.58$342,806
Apr 2002084,50923.653.51$296,823
Mar 2002096,69522.003.10$300,018
Feb 2002088,60718.222.38$210,502
Jan 20020106,80917.172.38$253,744
Dec 20010103,48816.932.36$244,687
Nov 2001081,05518.072.41$194,979
Oct 2001080,68919.782.53$204,053
Sep 20010106,33524.262.25$239,394
Aug 20010113,04924.873.05$345,157
Jul 20010112,57323.933.20$359,905
Jun 2001091,19124.563.82$348,729
May 20010102,15025.524.31$439,993
Apr 20010107,19424.685.34$571,914
Mar 20010111,37424.545.38$598,796
Feb 20010100,02727.755.77$576,864
Jan 2001092,36427.478.40$775,743
Dec 20000104,58826.889.12$954,104
Nov 20000100,91432.215.66$570,971
Oct 20000103,37231.235.15$531,901
Sep 20000108,73131.875.19$563,933
Aug 20000115,91729.644.54$526,350
Jul 20000118,07028.534.09$482,877
Jun 2000088,36829.304.40$388,576
May 20000106,24127.263.68$390,940
Apr 20000107,71324.513.12$335,634
Mar 20000103,21628.422.86$295,172
Feb 20000105,87127.622.73$288,657
Jan 20000109,33725.272.48$271,210
Dec 19990106,04124.282.42$257,014
Nov 19990111,60623.192.43$271,648
Oct 19990120,28020.982.80$337,230
Sep 19990119,30221.752.62$312,434
Aug 19990117,79819.262.88$338,740
Jul 19990129,73117.892.37$307,770
Jun 19990111,61315.942.36$263,641
May 19990139,59615.792.32$324,005
Apr 19990136,61215.102.21$301,646
Mar 19990147,78412.471.84$271,676
Feb 19990130,0439.981.82$236,391
Jan 19990144,88110.381.90$275,267
Dec 19980135,3029.201.77$239,934
Nov 19980141,32210.892.19$308,890
Oct 19980146,51812.421.97$288,525
Sep 19980144,60012.592.08$301,147
Aug 19980162,81011.301.91$310,536
Jul 19980168,83611.742.24$377,732
Jun 19980167,83811.242.24$375,499
May 19980176,14512.622.21$388,636
Apr 19980173,26513.042.51$434,086
Mar 19980172,02612.802.31$397,284
Feb 19980155,28913.952.30$357,030
Jan 19980173,23414.702.15$373,283
Dec 19970152,50716.322.41$367,710
Nov 19970147,78118.193.09$456,386
Oct 19970155,62519.253.15$490,191
Sep 19970142,85117.742.95$422,108
Aug 19970155,75117.862.55$397,903
Jul 19970147,83417.582.25$332,174
Jun 19970142,94417.242.26$322,653
May 19970146,79118.972.31$338,867
Apr 19970144,00717.882.08$299,935
Mar 19970145,70118.951.94$282,535
Feb 1997094,49720.492.21$208,451
Jan 19970154,20223.483.54$545,829
Dec 19960175,33123.32$0
Nov 19960102,65121.97$0
Oct 19960118,43723.31$0
Sep 19960158,67622.22$0
Aug 19960166,19620.26$0
Jul 19960166,95019.55$0
Jun 19960144,34918.73$0
May 19960165,86419.43$0
Apr 19960161,50321.51$0
Mar 19960166,51319.38$0
Feb 19960152,60816.98$0
Jan 19960173,08417.07$0
Dec 19950169,61517.19$0
Nov 19950173,33616.00$0
Oct 19950181,04615.43$0
Sep 19950170,78216.18$0
Aug 19950184,20515.92$0
Jul 19950172,81215.24$0
Jun 19950176,05316.41$0
May 19950176,67817.56$0
Apr 19950186,26917.73$0
Mar 19950193,54316.44$0
Feb 19950169,37716.58$0
Jan 19950205,44115.92$0
Dec 19940194,75115.03$0
Nov 19940168,05515.90$0
Oct 19940209,39615.58$0
Sep 19940205,43815.29$0
Aug 19940184,22116.13$0
Jul 19940212,95117.56$0
Jun 19940208,35417.09$0
May 19940216,60715.88$0
Apr 19940221,03214.14$0
Mar 19940212,85612.46$0
Feb 19940196,85012.50$0
Jan 19940209,89512.66$0
Dec 19930222,47212.33$0
Nov 19930215,32414.49$0
Oct 19930221,47115.85$0
Sep 19930226,48415.03$0
Aug 19930232,19515.66$0
Jul 19930250,12515.46$0
Jun 19930232,09516.79$0
May 1993085,30117.68$0
Apr 19930018.05$0
Mar 19930018.14$0
Feb 19930135,76817.90$0
Jan 19930254,74416.93$0

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.

Jun 2025 — as filed, then multipliedworked
Condensate           242 bbl  × $ 66.48 =    $16,088
Gas                    0 Mcf  × $  3.13 =         $0

────────────────────────────────────────────────────
Month total                                  $16,088

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. 04/G/127705 is the state's own key, not one this site invented.