PALAFOX EXPLORATION CO. -17-

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 171674District 04Field 355665002 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.2 M
Dec 1998 – Feb 2026
Value, last 12 filed months
$32 k
at the published price for each month
Months reported
327
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 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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas111999-09-20140804
NGPA1none

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.

StreamBasisVolumeValue
CondensateDisposition1,000 bbl$29,137
GasProduction1,229,474 Mcf$5,135,283
Total$5,164,420

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 28.0557, -99.8244. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.05566, -99.82443 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
5,750 ft
1 wells filed one
Completion to plug
27.2 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 5,750 ft.

Completions filed
Dec 1998
1 of 1 wells
Plug dates filed
Feb 2026
1 of 1 wells

Last completion to plug: a median of 27.2 years across the 1 well that filed both dates, with the middle half between 27.2 years and 27.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4793715835,750 ftDec 1998Feb 2026Yes

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 (327)

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

327 months

Feb 20260463.503.75$15
Jan 2026052859.138.00$4,223
Dec 2025072856.664.41$3,213
Nov 2025081058.593.93$3,180
Oct 2025082359.383.30$2,720
Sep 2025075262.743.08$2,314
Aug 2025082763.933.01$2,493
Jul 2025070566.743.32$2,337
Jun 2025067466.483.13$2,109
May 2025073660.553.23$2,379
Apr 2025072462.363.54$2,565
Mar 202501,10267.704.27$4,704
Feb 2025073870.884.34$3,204
Jan 202501,00574.324.28$4,300
Dec 2024071668.993.12$2,235
Nov 2024089869.052.20$1,974
Oct 2024075971.372.28$1,732
Sep 2024081769.612.36$1,932
Aug 2024077875.632.06$1,606
Jul 2024075579.932.15$1,621
Jun 2024066478.082.63$1,749
May 2024071678.812.20$1,574
Apr 2024073084.451.66$1,211
Mar 2024074780.301.55$1,154
Feb 2024083376.091.78$1,486
Jan 202401,16773.023.30$3,848
Dec 2023071371.262.61$1,861
Nov 2023072277.892.81$2,027
Oct 2023087485.443.09$2,698
Sep 202301,15989.042.74$3,170
Aug 202301,34080.522.67$3,582
Jul 2023089074.852.64$2,351
Jun 2023078768.962.26$1,777
May 202301,08170.622.23$2,408
Apr 202301,17778.122.24$2,634
Mar 202301,21972.852.39$2,917
Feb 202301,11875.112.47$2,757
Jan 202301,06676.533.39$3,611
Dec 202201,28476.415.73$7,356
Nov 202201,11785.005.65$6,307
Oct 2022099187.185.86$5,811
Sep 202202,62884.888.16$21,454
Aug 2022092994.529.13$8,479
Jul 202201,159101.587.54$8,741
Jun 202201,037115.097.98$8,272
May 20220983109.378.43$8,290
Apr 202201,011104.226.84$6,913
Mar 202201,019108.885.08$5,173
Feb 202201,02391.054.86$4,971
Jan 202201,08481.844.54$4,919
Dec 2021099371.323.90$3,872
Nov 2021093477.435.24$4,891
Oct 202101,10679.795.71$6,320
Sep 2021092069.865.35$4,923
Aug 202101,20266.024.22$5,073
Jul 2021098970.783.98$3,938
Jun 2021087469.493.38$2,955
May 202101,09363.483.02$3,298
Apr 202101,13060.362.76$3,117
Mar 2021096461.302.72$2,619
Feb 2021090257.805.55$5,004
Jan 202101,09150.412.81$3,066
Dec 2020097644.642.68$2,611
Nov 2020099538.772.71$2,693
Oct 2020096336.972.48$2,387
Sep 2020095537.091.99$1,901
Aug 202001,33639.982.39$3,186
Jul 2020059238.371.83$1,080
Jun 2020094134.901.69$1,591
May 202001,06916.921.81$1,940
Apr 2020073614.751.80$1,328
Mar 202001,15130.341.86$2,137
Feb 202001,09549.881.98$2,169
Jan 2020099657.252.09$2,086
Dec 201901,05959.012.30$2,440
Nov 201901,16055.302.75$3,191
Oct 201901,16253.472.42$2,810
Sep 201901,10455.052.66$2,934
Aug 201901,11453.112.30$2,567
Jul 201901,20156.272.46$2,955
Jun 2019071152.782.49$1,771
May 201901,15458.482.74$3,162
Apr 2019085062.632.75$2,338
Mar 201901,25656.803.06$3,846
Feb 201901,02650.852.79$2,865
Jan 201901,04646.033.23$3,377
Dec 201801,20246.594.19$5,031
Nov 201801,01352.934.24$4,292
Oct 2018093561.443.40$3,177
Sep 201801,09159.543.11$3,391
Aug 201801,00559.403.07$3,082
Jul 201801,12665.142.93$3,301
Jun 201801,07560.183.08$3,308
May 201801,21565.382.90$3,524
Apr 201801,00763.842.90$2,921
Mar 201801,11661.222.79$3,110
Feb 2018093961.782.77$2,597
Jan 201801,01862.874.01$4,081
Dec 201701,14157.272.92$3,333
Nov 2017099155.423.12$3,090
Oct 201701,29949.292.98$3,876
Sep 201701,14447.523.09$3,532
Aug 201701,16345.373.00$3,494
Jul 201701,12143.873.09$3,461
Jun 2017098842.493.09$3,050
May 201701,14445.373.26$3,733
Apr 201701,27947.933.21$4,108
Mar 201701,28346.772.98$3,828
Feb 201701,26850.452.95$3,744
Jan 201701,50849.413.42$5,156
Dec 201601,39648.763.72$5,197
Nov 201601,47342.492.64$3,895
Oct 201601,29546.193.09$4,002
Sep 201601,46541.553.10$4,542
Aug 201601,41041.442.92$4,123
Jul 201601,23041.622.92$3,597
Jun 201601,27445.352.69$3,422
May 201601,48042.521.99$2,947
Apr 201601,47236.561.99$2,931
Mar 201601,51433.011.79$2,716
Feb 201601,39826.472.06$2,885
Jan 201601,53227.352.36$3,622
Dec 201501,38732.362.00$2,776
Nov 201501,39538.792.17$3,023
Oct 201501,61343.552.43$3,914
Sep 201501,57142.992.76$4,333
Aug 201501,73640.162.87$4,987
Jul 201501,75148.152.95$5,157
Jun 201501,54356.152.88$4,448
May 201501,47455.212.96$4,356
Apr 201501,03449.822.71$2,799
Mar 201501,24242.892.93$3,645
Feb 201501,22744.662.98$3,652
Jan 201501,67343.433.10$5,187
Dec 201401,48654.693.59$5,337
Nov 201401,46370.464.25$6,220
Oct 201401,45778.303.90$5,684
Sep 201401,35086.164.05$5,461
Aug 201401,62589.394.04$6,557
Jul 201401,60896.564.18$6,721
Jun 201401,47198.164.74$6,968
May 201401,67794.734.73$7,926
Apr 201401,60795.944.81$7,728
Mar 201401,56895.895.06$7,929
Feb 201401,53297.406.19$9,486
Jan 201401,89790.404.86$9,221
Dec 201301,82891.824.35$7,960
Nov 201301,60488.853.74$5,996
Oct 201301,66897.423.78$6,304
Sep 201301,616104.113.72$6,008
Aug 201301,647104.253.52$5,802
Jul 201301,717102.523.72$6,383
Jun 201301,63594.403.93$6,431
May 201301,66094.834.15$6,887
Apr 201301,66093.964.28$7,109
Mar 201301,86493.623.91$7,294
Feb 201301,58991.233.42$5,434
Jan 201301,64391.603.42$5,619
Dec 201201,71886.773.42$5,876
Nov 201201,42186.953.62$5,151
Oct 201201,45789.383.40$4,953
Sep 201201,52194.672.92$4,439
Aug 201201,94692.662.91$5,659
Jul 201201,23985.133.02$3,743
Jun 201201,87579.822.52$4,723
May 201202,06791.612.49$5,143
Apr 201201,589101.652.00$3,173
Mar 201201,552105.052.22$3,449
Feb 201201,387101.102.57$3,565
Jan 201202,09198.092.73$5,717
Dec 201102,12096.873.24$6,868
Nov 201101,45295.723.31$4,808
Oct 201101,99484.983.65$7,275
Sep 201101,87483.623.99$7,469
Aug 201102,36383.404.15$9,805
Jul 201102,18194.144.52$9,852
Jun 201102,08092.904.64$9,651
May 201102,18398.134.40$9,616
Apr 201102,277105.964.33$9,867
Mar 201102,05396.364.06$8,330
Feb 201101,81585.644.18$7,587
Jan 201102,01686.504.59$9,251
Dec 201002,24985.734.35$9,778
Nov 201002,12680.843.80$8,069
Oct 201002,00978.103.51$7,049
Sep 201001,47372.633.98$5,862
Aug 201002,19073.684.42$9,678
Jul 201002,17072.554.74$10,278
Jun 201002,25670.364.91$11,078
May 201002,23171.124.24$9,449
Apr 201002,67481.694.12$11,024
Mar 201002,56678.394.39$11,261
Feb 201002,58173.585.44$14,047
Jan 201002,58174.365.96$15,393
Dec 200902,54271.445.48$13,940
Nov 200902,65274.593.75$9,949
Oct 200902,37372.544.11$9,754
Sep 200902,44765.543.06$7,499
Aug 200902,52367.423.22$8,120
Jul 200902,37561.133.46$8,228
Jun 200902,39866.163.90$9,340
May 200902,54654.743.93$9,995
Apr 200902,50546.773.59$8,987
Mar 200902,78642.144.06$11,308
Feb 200902,43532.814.63$11,281
Jan 200902,89235.865.37$15,533
Dec 200802,90137.105.98$17,340
Nov 200802,47455.496.86$16,973
Oct 200802,78875.246.92$19,298
Sep 200802,698101.767.88$21,252
Aug 200802,762114.228.48$23,430
Jul 2008592,540131.0811.39$36,663
Jun 200802,567131.3313.03$33,455
May 200802,800123.1711.57$32,408
Apr 200802,401110.3110.45$25,102
Mar 200802,584101.909.66$24,972
Feb 200802,43292.538.77$21,330
Jan 200802,84490.388.21$23,337
Dec 200702,94488.337.30$21,497
Nov 200702,76291.677.29$20,140
Oct 200702,79482.856.92$19,340
Sep 200703,17375.846.24$19,813
Aug 200703,22069.066.39$20,569
Jul 200703,16770.906.39$20,231
Jun 200703,10362.007.55$23,423
May 200703,18958.747.85$25,022
Apr 200703,17359.617.81$24,766
Mar 200703,36756.927.30$24,586
Feb 200702,92755.108.22$24,048
Jan 200703,33350.306.73$22,421
Dec 200603,42456.656.92$23,689
Nov 200603,10554.207.62$23,652
Oct 200603,43954.906.01$20,681
Sep 200603,09360.085.04$15,580
Aug 200603,41868.717.34$25,088
Jul 200603,34469.376.34$21,210
Jun 200603,50866.286.38$22,395
May 200603,36766.016.42$21,633
Apr 200603,45064.397.36$25,394
Mar 200603,88256.707.08$27,496
Feb 200603,14957.597.75$24,408
Jan 200603,71560.598.93$33,187
Dec 200503,59854.9413.42$48,269
Nov 200503,45754.6910.59$36,604
Oct 200503,57858.3413.80$49,361
Sep 200503,66361.4512.08$44,245
Aug 200503,62161.519.80$35,474
Jul 200503,90355.697.84$30,614
Jun 200503,87952.337.38$28,631
May 200504,00445.226.65$26,631
Apr 200504,03849.207.36$29,722
Mar 200504,12050.377.15$29,478
Feb 200503,93945.226.31$24,863
Jan 200503,81143.166.32$24,094
Dec 200404,42339.866.75$29,860
Nov 200404,27745.286.33$27,075
Oct 200404,37049.706.52$28,471
Sep 200404,52743.245.28$23,920
Aug 200404,64442.375.55$25,777
Jul 200424,63338.286.08$28,265
Jun 200404,34836.106.43$27,971
May 200404,61637.486.49$29,979
Apr 200404,37234.475.86$25,613
Mar 200405,04034.365.53$27,872
Feb 200404,68332.455.51$25,802
Jan 200404,06632.036.30$25,614
Dec 200304,28430.266.30$26,996
Nov 200304,91328.804.60$22,576
Oct 200305,14928.174.76$24,507
Sep 200305,11726.314.75$24,302
Aug 200305,82529.765.13$29,881
Jul 200305,69429.415.17$29,443
Jun 20031815,95428.565.98$40,792
May 200305,81426.595.97$34,725
Apr 200355,93226.675.41$32,209
Mar 200306,31831.146.10$38,515
Feb 200306,01733.487.93$47,690
Jan 200306,69430.315.58$37,366
Dec 200207,01426.914.85$34,044
Nov 200206,87224.664.14$28,429
Oct 200207,35326.464.23$31,097
Sep 200207,32027.443.64$26,610
Aug 200207,76625.963.16$24,573
Jul 200207,27724.583.06$22,280
Jun 200207,19623.733.34$24,022
May 200208,04124.663.58$28,819
Apr 200207,70523.653.51$27,062
Mar 200208,69122.003.10$26,966
Feb 200207,67518.222.38$18,233
Jan 200206,60717.172.38$15,696
Dec 200107,50716.932.36$17,750
Nov 200108,12618.072.41$19,547
Oct 200107,88419.782.53$19,938
Sep 200108,28824.262.25$18,659
Aug 200109,53124.873.05$29,100
Jul 200109,84823.933.20$31,485
Jun 200108,58224.563.82$32,819
May 200109,70225.524.31$41,790
Apr 200109,46824.685.34$50,515
Mar 200109,85824.545.38$53,001
Feb 200109,46527.755.77$54,585
Jan 2001010,76427.478.40$90,404
Dec 2000011,29826.889.12$103,066
Nov 200018511,70132.215.66$72,163
Oct 2000012,54931.235.15$64,571
Sep 2000013,09731.875.19$67,928
Aug 2000013,84629.644.54$62,871
Jul 2000013,70128.534.09$56,034
Jun 2000012,90229.304.40$56,733
May 2000015,78427.263.68$58,081
Apr 2000013,56124.513.12$42,256
Mar 2000017,04528.422.86$48,744
Feb 200018414,94727.622.73$45,835
Jan 2000013,69725.272.48$33,975
Dec 1999013,28224.282.42$32,192
Nov 1999014,42723.192.43$35,115
Oct 1999017,51320.982.80$49,101
Sep 1999018,24921.752.62$47,791
Aug 1999018,04719.262.88$51,896
Jul 1999018,80417.892.37$44,610
Jun 199919320,98415.942.36$52,643
May 1999024,78615.792.32$57,529
Apr 1999024,36415.102.21$53,797
Mar 1999030,41312.471.84$55,909
Feb 199919133,5319.981.82$62,859
Jan 1999046,07010.381.90$87,531
Dec 1998023,8069.201.77$42,216

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.

Feb 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 63.50 =         $0
Gas                    4 Mcf  × $  3.75 =        $15

────────────────────────────────────────────────────
Month total                                      $15

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/171674 is the state's own key, not one this site invented.