LOPEZ MINERAL TRUST

Operated by PALEO OIL COMPANY LLC (P-5 635131) in the DINN INTERMEDIATE (HINNANT) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 198140District 04Field 249072202 tax incentive programmesCondensateGasSaveExport
Value, all time
$899 k
Jun 2003 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
276
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 13 leases and 13 wells, and the rule below applies to all of them.

Discovered
2000-06-06
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 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 2000-05-23.

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 07/01/2003.

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 Gas112005-01-24160363
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
CondensateDisposition22 bbl$1,604
GasProduction167,061 Mcf$897,186
Total$898,789

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 27.5195, -98.7696. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.51954, -98.76958 · 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
0.0%
0 of 1 wells
Median depth
16,600 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

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

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 16,600 ft.

Completions filed
Jun 2003
1 of 1 wells

1 well

42-13138538116,600 ftJun 2003

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 (276)

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

276 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 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 202003337.091.99$66
Aug 2020014339.982.39$341
Jul 2020021338.371.83$389
Jun 2020024734.901.69$418
May 2020024416.921.81$443
Apr 2020021814.751.80$393
Mar 2020026630.341.86$494
Feb 2020031749.881.98$628
Jan 2020032057.252.09$670
Dec 2019031859.012.30$733
Nov 2019034255.302.75$941
Oct 2019018053.472.42$435
Sep 2019035755.052.66$949
Aug 2019036553.112.30$841
Jul 2019037656.272.46$925
Jun 2019036852.782.49$917
May 2019037658.482.74$1,030
Apr 2019036562.632.75$1,004
Mar 2019037456.803.06$1,145
Feb 2019030450.852.79$849
Jan 2019032946.033.23$1,062
Dec 2018040146.594.19$1,678
Nov 2018037052.934.24$1,568
Oct 2018016161.443.40$547
Sep 2018039359.543.11$1,221
Aug 2018042759.403.07$1,309
Jul 2018043165.142.93$1,264
Jun 2018042560.183.08$1,308
May 2018041965.382.90$1,215
Apr 2018044163.842.90$1,279
Mar 2018043661.222.79$1,215
Feb 2018041361.782.77$1,142
Jan 2018041462.874.01$1,660
Dec 2017046057.272.92$1,344
Nov 2017045755.423.12$1,425
Oct 2017048149.292.98$1,435
Sep 2017046947.523.09$1,448
Aug 2017148045.373.00$1,487
Jul 2017048543.873.09$1,497
Jun 2017046142.493.09$1,423
May 2017050145.373.26$1,635
Apr 2017054147.933.21$1,737
Mar 2017050146.772.98$1,495
Feb 2017045650.452.95$1,346
Jan 2017050749.413.42$1,733
Dec 2016047348.763.72$1,761
Nov 2016050042.492.64$1,322
Oct 2016050946.193.09$1,573
Sep 2016052641.553.10$1,631
Aug 2016056241.442.92$1,643
Jul 2016048341.622.92$1,412
Jun 2016054945.352.69$1,475
May 2016064042.521.99$1,274
Apr 2016037636.561.99$749
Mar 2016051633.011.79$926
Feb 2016049626.472.06$1,024
Jan 2016049727.352.36$1,175
Dec 2015044232.362.00$885
Nov 2015039338.792.17$852
Oct 2015053643.552.43$1,301
Sep 2015051142.992.76$1,410
Aug 2015051140.162.87$1,468
Jul 2015054148.152.95$1,593
Jun 2015019756.152.88$568
May 2015050455.212.96$1,490
Apr 2015051249.822.71$1,386
Mar 2015053342.892.93$1,564
Feb 2015047744.662.98$1,420
Jan 2015046743.433.10$1,448
Dec 2014051554.693.59$1,850
Nov 2014048670.464.25$2,066
Oct 2014048078.303.90$1,872
Sep 2014057086.164.05$2,306
Aug 2014053289.394.04$2,147
Jul 2014054396.564.18$2,270
Jun 2014354898.164.74$2,890
May 2014083894.734.73$3,961
Apr 201401,20495.944.81$5,790
Mar 2014494095.895.06$5,137
Feb 2014584097.406.19$5,688
Jan 2014092490.404.86$4,491
Dec 2013095191.824.35$4,141
Nov 2013091788.853.74$3,428
Oct 2013095797.423.78$3,617
Sep 20130944104.113.72$3,510
Aug 20130733104.253.52$2,582
Jul 20130707102.523.72$2,628
Jun 2013065794.403.93$2,584
May 2013059194.834.15$2,452
Apr 2013039093.964.28$1,670
Mar 2013040793.623.91$1,593
Feb 2013041691.233.42$1,423
Jan 2013045591.603.42$1,556
Dec 2012053086.773.42$1,813
Nov 2012054186.953.62$1,961
Oct 2012057089.383.40$1,938
Sep 2012053394.672.92$1,556
Aug 20120092.662.91$0
Jul 2012060785.133.02$1,834
Jun 2012062479.822.52$1,572
May 2012062891.612.49$1,563
Apr 20120575101.652.00$1,148
Mar 20120587105.052.22$1,304
Feb 20120532101.102.57$1,367
Jan 2012055198.092.73$1,506
Dec 2011058996.873.24$1,908
Nov 2011065895.723.31$2,179
Oct 2011066384.983.65$2,419
Sep 2011063583.623.99$2,531
Aug 2011070983.404.15$2,942
Jul 2011071094.144.52$3,207
Jun 2011069892.904.64$3,239
May 2011071398.134.40$3,141
Apr 20110698105.964.33$3,025
Mar 2011071796.364.06$2,909
Feb 2011065485.644.18$2,734
Jan 2011077286.504.59$3,543
Dec 2010074585.734.35$3,239
Nov 2010072180.843.80$2,736
Oct 2010081878.103.51$2,870
Sep 2010073772.633.98$2,933
Aug 2010066673.684.42$2,943
Jul 2010054072.554.74$2,558
Jun 2010074270.364.91$3,644
May 2010082571.124.24$3,494
Apr 2010077481.694.12$3,191
Mar 2010072578.394.39$3,182
Feb 2010074673.585.44$4,060
Jan 2010074974.365.96$4,467
Dec 2009077371.445.48$4,239
Nov 2009084874.593.75$3,181
Oct 2009068272.544.11$2,803
Sep 2009081165.543.06$2,486
Aug 2009081167.423.22$2,610
Jul 2009066961.133.46$2,318
Jun 2009078466.163.90$3,054
May 2009081854.743.93$3,211
Apr 2009085946.773.59$3,082
Mar 2009085342.144.06$3,462
Feb 2009074832.814.63$3,465
Jan 2009079335.865.37$4,259
Dec 2008077637.105.98$4,638
Nov 2008074055.496.86$5,077
Oct 2008067475.246.92$4,665
Sep 20080728101.767.88$5,735
Aug 20080794114.228.48$6,736
Jul 20080850131.0811.39$9,681
Jun 20080753131.3313.03$9,814
May 20080802123.1711.57$9,283
Apr 20080763110.3110.45$7,977
Mar 20080775101.909.66$7,490
Feb 2008077092.538.77$6,753
Jan 200801,39490.388.21$11,439
Dec 200701,08988.337.30$7,952
Nov 2007091691.677.29$6,679
Oct 2007074982.856.92$5,185
Sep 2007086675.846.24$5,407
Aug 200701,19269.066.39$7,614
Jul 200701,12570.906.39$7,186
Jun 2007087362.007.55$6,590
May 2007097658.747.85$7,658
Apr 200701,87959.617.81$14,666
Mar 200701,99356.927.30$14,553
Feb 200701,77955.108.22$14,616
Jan 200701,43250.306.73$9,633
Dec 200601,40756.656.92$9,734
Nov 200601,21354.207.62$9,240
Oct 200601,48654.906.01$8,937
Sep 200601,27760.085.04$6,433
Aug 200601,39968.717.34$10,269
Jul 200601,29769.376.34$8,227
Jun 2006098266.286.38$6,269
May 200601,02666.016.42$6,592
Apr 200601,01764.397.36$7,486
Mar 200601,08056.707.08$7,650
Feb 200601,00357.597.75$7,774
Jan 200621,11760.598.93$10,100
Dec 200521,27854.9413.42$17,255
Nov 200501,08554.6910.59$11,488
Oct 2005075658.3413.80$10,430
Sep 2005078161.4512.08$9,434
Aug 2005076661.519.80$7,504
Jul 2005073455.697.84$5,757
Jun 2005078252.337.38$5,772
May 2005082345.226.65$5,474
Apr 2005038449.207.36$2,826
Mar 2005083050.377.15$5,939
Feb 2005077445.226.31$4,885
Jan 2005071743.166.32$4,533
Dec 200401,17539.866.75$7,933
Nov 200401,01845.286.33$6,444
Oct 2004038049.706.52$2,476
Sep 2004044943.245.28$2,372
Aug 2004068142.375.55$3,780
Jul 2004074038.286.08$4,502
Jun 2004073036.106.43$4,696
May 2004075537.486.49$4,903
Apr 2004086534.475.86$5,068
Mar 200401,00234.365.53$5,541
Feb 200451,04232.455.51$5,903
Jan 200401,75832.036.30$11,075
Dec 200302,13730.266.30$13,467
Nov 200302,43428.804.60$11,185
Oct 200301,13528.174.76$5,402
Sep 200301,74026.314.75$8,264
Aug 200303,53229.765.13$18,118
Jul 200304,92529.415.17$25,466
Jun 2003014,24928.565.98$85,251

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.

Sep 2020 — as filed, then multipliedworked
Condensate             0 bbl  × $ 37.09 =         $0
Gas                   33 Mcf  × $  1.99 =        $66

────────────────────────────────────────────────────
Month total                                      $66

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/198140 is the state's own key, not one this site invented.