PALAFOX UNIT

Name: PALAFOX UNIT lease production and value, Feb 1998 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by FASKEN OIL AND RANCH, LTD. (P-5 263696) in the GOLD RIVER, NORTH (OLMOS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 170367District 04Field 355665002 tax incentive programmesCondensateGasSave Export

Value, all time

$3.0 M

Feb 1998 – Jan 2026

Value, last 12 filed months

$7 k

at the published price for each month

Months reported

336

no gaps in the span

Streams

condensate, gas

The GOLD RIVER, NORTH (OLMOS) field

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 830 leases and 840 wells, and the rule below applies to all of them.

Discovered

1978-10-01

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 2005-10-25.

The Commission's schedule remark for this field reads: “REMAIN SUSPENDED.”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	1999-05-17	140470
NGPA	1	none	—	—

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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.

Stream	Basis	Volume	Value
Condensate	Disposition	409 bbl	$13,586
Gas	Production	729,316 Mcf	$2,955,312
Total			$2,968,898

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 28.0698, -99.8129. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.06977, -99.81292 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

5,820 ft

1 wells filed one

Completion to plug

27.6 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

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 5,820 ft.

Completions filed

Feb 1998

1 of 1 wells

Plug dates filed

Sep 2025

1 of 1 wells

Last completion to plug: a median of 27.6 years across the 1 well that filed both dates, with the middle half between 27.6 years and 27.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-47936780	F 17	5,820 ft	Feb 1998	Sep 2025	Yes

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 (336)

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

336 months


Jan 2026	0	0	59.13	8.00	$0
Dec 2025	0	0	56.66	4.41	$0
Nov 2025	0	0	58.59	3.93	$0
Oct 2025	0	0	59.38	3.30	$0
Sep 2025	0	0	62.74	3.08	$0
Aug 2025	0	0	63.93	3.01	$0
Jul 2025	0	0	66.74	3.32	$0
Jun 2025	0	0	66.48	3.13	$0
May 2025	0	0	60.55	3.23	$0
Apr 2025	0	63	62.36	3.54	$223
Mar 2025	0	807	67.70	4.27	$3,445
Feb 2025	0	718	70.88	4.34	$3,117
Jan 2025	0	754	74.32	4.28	$3,226
Dec 2024	0	688	68.99	3.12	$2,148
Nov 2024	0	806	69.05	2.20	$1,772
Oct 2024	0	841	71.37	2.28	$1,919
Sep 2024	0	793	69.61	2.36	$1,875
Aug 2024	0	871	75.63	2.06	$1,797
Jul 2024	0	828	79.93	2.15	$1,777
Jun 2024	0	389	78.08	2.63	$1,025
May 2024	0	900	78.81	2.20	$1,979
Apr 2024	0	889	84.45	1.66	$1,475
Mar 2024	0	906	80.30	1.55	$1,400
Feb 2024	0	830	76.09	1.78	$1,480
Jan 2024	0	829	73.02	3.30	$2,734
Dec 2023	0	815	71.26	2.61	$2,128
Nov 2023	0	847	77.89	2.81	$2,378
Oct 2023	0	858	85.44	3.09	$2,649
Sep 2023	0	852	89.04	2.74	$2,330
Aug 2023	0	875	80.52	2.67	$2,339
Jul 2023	0	776	74.85	2.64	$2,050
Jun 2023	0	672	68.96	2.26	$1,518
May 2023	0	756	70.62	2.23	$1,684
Apr 2023	0	813	78.12	2.24	$1,819
Mar 2023	0	793	72.85	2.39	$1,898
Feb 2023	0	685	75.11	2.47	$1,689
Jan 2023	0	771	76.53	3.39	$2,612
Dec 2022	0	871	76.41	5.73	$4,990
Nov 2022	0	682	85.00	5.65	$3,851
Oct 2022	0	749	87.18	5.86	$4,392
Sep 2022	0	836	84.88	8.16	$6,825
Aug 2022	0	721	94.52	9.13	$6,581
Jul 2022	0	736	101.58	7.54	$5,551
Jun 2022	0	754	115.09	7.98	$6,015
May 2022	0	864	109.37	8.43	$7,286
Apr 2022	0	713	104.22	6.84	$4,875
Mar 2022	0	806	108.88	5.08	$4,092
Feb 2022	0	719	91.05	4.86	$3,494
Jan 2022	0	800	81.84	4.54	$3,630
Dec 2021	0	863	71.32	3.90	$3,365
Nov 2021	0	835	77.43	5.24	$4,373
Oct 2021	0	782	79.79	5.71	$4,468
Sep 2021	0	791	69.86	5.35	$4,233
Aug 2021	0	804	66.02	4.22	$3,393
Jul 2021	0	755	70.78	3.98	$3,006
Jun 2021	0	868	69.49	3.38	$2,934
May 2021	0	932	63.48	3.02	$2,812
Apr 2021	0	908	60.36	2.76	$2,505
Mar 2021	0	776	61.30	2.72	$2,108
Feb 2021	0	441	57.80	5.55	$2,447
Jan 2021	0	749	50.41	2.81	$2,105
Dec 2020	0	805	44.64	2.68	$2,154
Nov 2020	0	1,024	38.77	2.71	$2,772
Oct 2020	0	657	36.97	2.48	$1,628
Sep 2020	0	952	37.09	1.99	$1,895
Aug 2020	0	880	39.98	2.39	$2,099
Jul 2020	0	949	38.37	1.83	$1,732
Jun 2020	0	940	34.90	1.69	$1,589
May 2020	0	952	16.92	1.81	$1,728
Apr 2020	0	991	14.75	1.80	$1,788
Mar 2020	0	1,009	30.34	1.86	$1,873
Feb 2020	0	930	49.88	1.98	$1,842
Jan 2020	0	1,016	57.25	2.09	$2,128
Dec 2019	0	924	59.01	2.30	$2,129
Nov 2019	0	915	55.30	2.75	$2,517
Oct 2019	0	1,012	53.47	2.42	$2,448
Sep 2019	0	972	55.05	2.66	$2,583
Aug 2019	0	1,107	53.11	2.30	$2,551
Jul 2019	0	1,122	56.27	2.46	$2,760
Jun 2019	0	1,088	52.78	2.49	$2,710
May 2019	0	962	58.48	2.74	$2,636
Apr 2019	0	881	62.63	2.75	$2,423
Mar 2019	0	821	56.80	3.06	$2,514
Feb 2019	0	779	50.85	2.79	$2,175
Jan 2019	0	879	46.03	3.23	$2,838
Dec 2018	0	890	46.59	4.19	$3,725
Nov 2018	0	772	52.93	4.24	$3,271
Oct 2018	0	738	61.44	3.40	$2,508
Sep 2018	0	944	59.54	3.11	$2,934
Aug 2018	0	996	59.40	3.07	$3,054
Jul 2018	0	986	65.14	2.93	$2,891
Jun 2018	0	936	60.18	3.08	$2,880
May 2018	0	969	65.38	2.90	$2,811
Apr 2018	0	961	63.84	2.90	$2,788
Mar 2018	0	921	61.22	2.79	$2,567
Feb 2018	0	823	61.78	2.77	$2,277
Jan 2018	0	1,016	62.87	4.01	$4,073
Dec 2017	0	885	57.27	2.92	$2,586
Nov 2017	0	857	55.42	3.12	$2,672
Oct 2017	0	909	49.29	2.98	$2,712
Sep 2017	0	928	47.52	3.09	$2,865
Aug 2017	0	1,002	45.37	3.00	$3,010
Jul 2017	0	996	43.87	3.09	$3,075
Jun 2017	0	902	42.49	3.09	$2,785
May 2017	0	1,040	45.37	3.26	$3,394
Apr 2017	0	1,016	47.93	3.21	$3,263
Mar 2017	0	1,035	46.77	2.98	$3,088
Feb 2017	0	969	50.45	2.95	$2,861
Jan 2017	0	890	49.41	3.42	$3,043
Dec 2016	0	1,003	48.76	3.72	$3,734
Nov 2016	0	1,022	42.49	2.64	$2,703
Oct 2016	0	1,090	46.19	3.09	$3,368
Sep 2016	0	923	41.55	3.10	$2,862
Aug 2016	0	1,053	41.44	2.92	$3,079
Jul 2016	0	916	41.62	2.92	$2,679
Jun 2016	0	903	45.35	2.69	$2,425
May 2016	0	1,008	42.52	1.99	$2,007
Apr 2016	0	850	36.56	1.99	$1,692
Mar 2016	0	796	33.01	1.79	$1,428
Feb 2016	0	955	26.47	2.06	$1,971
Jan 2016	0	1,049	27.35	2.36	$2,480
Dec 2015	0	1,120	32.36	2.00	$2,242
Nov 2015	0	946	38.79	2.17	$2,050
Oct 2015	0	1,116	43.55	2.43	$2,708
Sep 2015	0	1,113	42.99	2.76	$3,070
Aug 2015	0	1,087	40.16	2.87	$3,122
Jul 2015	0	978	48.15	2.95	$2,880
Jun 2015	0	1,065	56.15	2.88	$3,070
May 2015	0	657	55.21	2.96	$1,942
Apr 2015	0	1,104	49.82	2.71	$2,988
Mar 2015	0	1,080	42.89	2.93	$3,169
Feb 2015	0	965	44.66	2.98	$2,872
Jan 2015	0	1,179	43.43	3.10	$3,656
Dec 2014	0	982	54.69	3.59	$3,527
Nov 2014	1	1,271	70.46	4.25	$5,475
Oct 2014	0	1,008	78.30	3.90	$3,932
Sep 2014	0	1,241	86.16	4.05	$5,020
Aug 2014	0	1,242	89.39	4.04	$5,012
Jul 2014	0	1,244	96.56	4.18	$5,199
Jun 2014	0	1,234	98.16	4.74	$5,845
May 2014	0	1,263	94.73	4.73	$5,970
Apr 2014	0	1,228	95.94	4.81	$5,906
Mar 2014	0	1,268	95.89	5.06	$6,412
Feb 2014	0	1,167	97.40	6.19	$7,226
Jan 2014	0	1,235	90.40	4.86	$6,003
Dec 2013	0	1,388	91.82	4.35	$6,044
Nov 2013	0	1,179	88.85	3.74	$4,407
Oct 2013	0	1,309	97.42	3.78	$4,947
Sep 2013	0	1,250	104.11	3.72	$4,647
Aug 2013	0	1,367	104.25	3.52	$4,815
Jul 2013	0	1,407	102.52	3.72	$5,231
Jun 2013	0	1,324	94.40	3.93	$5,208
May 2013	0	1,336	94.83	4.15	$5,543
Apr 2013	0	1,401	93.96	4.28	$6,000
Mar 2013	0	1,292	93.62	3.91	$5,055
Feb 2013	0	1,293	91.23	3.42	$4,422
Jan 2013	0	1,447	91.60	3.42	$4,949
Dec 2012	0	1,207	86.77	3.42	$4,128
Nov 2012	0	1,006	86.95	3.62	$3,647
Oct 2012	0	1,105	89.38	3.40	$3,757
Sep 2012	0	1,087	94.67	2.92	$3,172
Aug 2012	0	1,006	92.66	2.91	$2,926
Jul 2012	0	958	85.13	3.02	$2,894
Jun 2012	0	965	79.82	2.52	$2,431
May 2012	0	1,288	91.61	2.49	$3,205
Apr 2012	0	1,392	101.65	2.00	$2,780
Mar 2012	0	1,068	105.05	2.22	$2,373
Feb 2012	0	1,350	101.10	2.57	$3,470
Jan 2012	0	1,538	98.09	2.73	$4,205
Dec 2011	0	1,425	96.87	3.24	$4,617
Nov 2011	0	1,551	95.72	3.31	$5,136
Oct 2011	0	1,861	84.98	3.65	$6,790
Sep 2011	0	1,421	83.62	3.99	$5,664
Aug 2011	0	939	83.40	4.15	$3,896
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	667	92.90	4.64	$3,095
May 2011	0	953	98.13	4.40	$4,198
Apr 2011	0	1,389	105.96	4.33	$6,019
Mar 2011	0	1,439	96.36	4.06	$5,839
Feb 2011	0	1,199	85.64	4.18	$5,012
Jan 2011	0	1,382	86.50	4.59	$6,342
Dec 2010	0	1,391	85.73	4.35	$6,048
Nov 2010	0	1,380	80.84	3.80	$5,238
Oct 2010	0	1,537	78.10	3.51	$5,393
Sep 2010	0	1,457	72.63	3.98	$5,798
Aug 2010	0	1,555	73.68	4.42	$6,872
Jul 2010	0	1,468	72.55	4.74	$6,953
Jun 2010	0	1,449	70.36	4.91	$7,115
May 2010	0	1,516	71.12	4.24	$6,421
Apr 2010	0	1,486	81.69	4.12	$6,126
Mar 2010	0	1,531	78.39	4.39	$6,719
Feb 2010	0	1,268	73.58	5.44	$6,901
Jan 2010	0	1,495	74.36	5.96	$8,916
Dec 2009	0	1,509	71.44	5.48	$8,275
Nov 2009	0	1,539	74.59	3.75	$5,774
Oct 2009	0	1,594	72.54	4.11	$6,552
Sep 2009	0	1,562	65.54	3.06	$4,787
Aug 2009	0	1,683	67.42	3.22	$5,417
Jul 2009	0	1,664	61.13	3.46	$5,765
Jun 2009	0	1,637	66.16	3.90	$6,376
May 2009	0	1,637	54.74	3.93	$6,426
Apr 2009	0	1,613	46.77	3.59	$5,787
Mar 2009	0	1,728	42.14	4.06	$7,014
Feb 2009	0	1,543	32.81	4.63	$7,149
Jan 2009	0	1,699	35.86	5.37	$9,125
Dec 2008	0	1,719	37.10	5.98	$10,275
Nov 2008	0	1,648	55.49	6.86	$11,306
Oct 2008	0	1,760	75.24	6.92	$12,183
Sep 2008	0	1,678	101.76	7.88	$13,218
Aug 2008	0	1,748	114.22	8.48	$14,828
Jul 2008	0	1,753	131.08	11.39	$19,966
Jun 2008	0	1,727	131.33	13.03	$22,507
May 2008	0	2,014	123.17	11.57	$23,311
Apr 2008	0	1,747	110.31	10.45	$18,265
Mar 2008	78	1,835	101.90	9.66	$25,682
Feb 2008	0	1,688	92.53	8.77	$14,805
Jan 2008	0	1,813	90.38	8.21	$14,877
Dec 2007	0	1,795	88.33	7.30	$13,107
Nov 2007	0	1,766	91.67	7.29	$12,877
Oct 2007	0	1,877	82.85	6.92	$12,993
Sep 2007	0	1,819	75.84	6.24	$11,358
Aug 2007	0	1,965	69.06	6.39	$12,552
Jul 2007	0	1,946	70.90	6.39	$12,431
Jun 2007	0	1,846	62.00	7.55	$13,934
May 2007	0	1,978	58.74	7.85	$15,520
Apr 2007	0	1,940	59.61	7.81	$15,142
Mar 2007	0	2,013	56.92	7.30	$14,699
Feb 2007	0	1,804	55.10	8.22	$14,822
Jan 2007	0	2,015	50.30	6.73	$13,555
Dec 2006	0	2,019	56.65	6.92	$13,968
Nov 2006	0	1,958	54.20	7.62	$14,915
Oct 2006	0	2,101	54.90	6.01	$12,635
Sep 2006	0	2,101	60.08	5.04	$10,583
Aug 2006	0	2,217	68.71	7.34	$16,273
Jul 2006	0	2,191	69.37	6.34	$13,897
Jun 2006	0	2,125	66.28	6.38	$13,566
May 2006	0	2,104	66.01	6.42	$13,518
Apr 2006	0	2,040	64.39	7.36	$15,015
Mar 2006	0	2,026	56.70	7.08	$14,350
Feb 2006	0	1,870	57.59	7.75	$14,495
Jan 2006	0	2,134	60.59	8.93	$19,064
Dec 2005	0	2,171	54.94	13.42	$29,125
Nov 2005	0	2,123	54.69	10.59	$22,479
Oct 2005	0	2,318	58.34	13.80	$31,979
Sep 2005	0	1,948	61.45	12.08	$23,530
Aug 2005	0	2,065	61.51	9.80	$20,230
Jul 2005	0	2,204	55.69	7.84	$17,287
Jun 2005	0	2,258	52.33	7.38	$16,666
May 2005	0	2,444	45.22	6.65	$16,255
Apr 2005	0	2,289	49.20	7.36	$16,848
Mar 2005	0	2,103	50.37	7.15	$15,047
Feb 2005	0	1,807	45.22	6.31	$11,406
Jan 2005	0	2,132	43.16	6.32	$13,479
Dec 2004	0	2,163	39.86	6.75	$14,603
Nov 2004	0	2,361	45.28	6.33	$14,946
Oct 2004	0	2,673	49.70	6.52	$17,415
Sep 2004	0	2,361	43.24	5.28	$12,475
Aug 2004	0	2,509	42.37	5.55	$13,927
Jul 2004	0	2,503	38.28	6.08	$15,229
Jun 2004	0	2,432	36.10	6.43	$15,645
May 2004	0	2,626	37.48	6.49	$17,055
Apr 2004	0	2,422	34.47	5.86	$14,189
Mar 2004	0	2,569	34.36	5.53	$14,207
Feb 2004	0	2,374	32.45	5.51	$13,080
Jan 2004	0	2,605	32.03	6.30	$16,411
Dec 2003	0	2,616	30.26	6.30	$16,485
Nov 2003	0	2,568	28.80	4.60	$11,800
Oct 2003	0	2,691	28.17	4.76	$12,808
Sep 2003	0	2,659	26.31	4.75	$12,629
Aug 2003	0	2,827	29.76	5.13	$14,502
Jul 2003	0	2,910	29.41	5.17	$15,047
Jun 2003	0	2,794	28.56	5.98	$16,716
May 2003	0	3,019	26.59	5.97	$18,032
Apr 2003	0	2,901	26.67	5.41	$15,687
Mar 2003	0	3,012	31.14	6.10	$18,361
Feb 2003	0	2,699	33.48	7.93	$21,392
Jan 2003	0	2,991	30.31	5.58	$16,696
Dec 2002	0	3,111	26.91	4.85	$15,100
Nov 2002	0	3,063	24.66	4.14	$12,672
Oct 2002	138	3,142	26.46	4.23	$16,939
Sep 2002	0	3,207	27.44	3.64	$11,658
Aug 2002	0	3,532	25.96	3.16	$11,176
Jul 2002	0	3,544	24.58	3.06	$10,851
Jun 2002	0	3,442	23.73	3.34	$11,490
May 2002	0	3,709	24.66	3.58	$13,293
Apr 2002	0	3,796	23.65	3.51	$13,333
Mar 2002	0	4,005	22.00	3.10	$12,426
Feb 2002	0	3,856	18.22	2.38	$9,161
Jan 2002	0	4,390	17.17	2.38	$10,429
Dec 2001	0	4,252	16.93	2.36	$10,053
Nov 2001	0	4,169	18.07	2.41	$10,029
Oct 2001	0	4,342	19.78	2.53	$10,980
Sep 2001	0	4,267	24.26	2.25	$9,606
Aug 2001	0	4,681	24.87	3.05	$14,292
Jul 2001	0	4,706	23.93	3.20	$15,045
Jun 2001	0	4,571	24.56	3.82	$17,480
May 2001	0	4,842	25.52	4.31	$20,856
Apr 2001	0	4,578	24.68	5.34	$24,425
Mar 2001	0	4,860	24.54	5.38	$26,130
Feb 2001	0	4,328	27.75	5.77	$24,960
Jan 2001	0	5,017	27.47	8.40	$42,137
Dec 2000	0	4,815	26.88	9.12	$43,925
Nov 2000	0	4,683	32.21	5.66	$26,496
Oct 2000	0	4,674	31.23	5.15	$24,050
Sep 2000	0	4,684	31.87	5.19	$24,294
Aug 2000	0	5,154	29.64	4.54	$23,403
Jul 2000	0	4,974	28.53	4.09	$20,342
Jun 2000	0	5,167	29.30	4.40	$22,721
May 2000	0	5,197	27.26	3.68	$19,124
Apr 2000	0	5,606	24.51	3.12	$17,468
Mar 2000	0	6,049	28.42	2.86	$17,299
Feb 2000	0	5,585	27.62	2.73	$15,228
Jan 2000	0	6,132	25.27	2.48	$15,210
Dec 1999	0	5,702	24.28	2.42	$13,820
Nov 1999	0	5,578	23.19	2.43	$13,577
Oct 1999	0	6,320	20.98	2.80	$17,719
Sep 1999	0	6,368	21.75	2.62	$16,677
Aug 1999	0	6,712	19.26	2.88	$19,301
Jul 1999	0	7,246	17.89	2.37	$17,190
Jun 1999	0	7,148	15.94	2.36	$16,884
May 1999	0	7,295	15.79	2.32	$16,932
Apr 1999	0	7,688	15.10	2.21	$16,975
Mar 1999	0	8,361	12.47	1.84	$15,370
Feb 1999	192	7,989	9.98	1.82	$16,438
Jan 1999	0	8,920	10.38	1.90	$16,948
Dec 1998	0	8,240	9.20	1.77	$14,612
Nov 1998	0	9,207	10.89	2.19	$20,124
Oct 1998	0	10,473	12.42	1.97	$20,624
Sep 1998	0	11,069	12.59	2.08	$23,053
Aug 1998	0	12,109	11.30	1.91	$23,096
Jul 1998	0	12,317	11.74	2.24	$27,556
Jun 1998	0	12,804	11.24	2.24	$28,646
May 1998	0	13,996	12.62	2.21	$30,880
Apr 1998	0	12,687	13.04	2.51	$31,785
Mar 1998	0	12,783	12.80	2.31	$29,522
Feb 1998	0	5,628	13.95	2.30	$12,940

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 2025 — as filed, then multipliedworked

Condensate             0 bbl  × $ 62.36 =         $0
Gas                   63 Mcf  × $  3.54 =       $223

────────────────────────────────────────────────────
Month total                                     $223

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/170367 is the state's own key, not one this site invented.