PEAL RANCH

Operated by ORX RESOURCES, L.L.C. (P-5 627136) in the LOPEZ, SE. (CONSOLIDATED) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 203152District 04Field 548892002 tax incentive programmesCondensateGasSaveExport
Value, all time
$15.2 M
Aug 2004 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
262
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 61 leases and 61 wells, and the rule below applies to all of them.

Discovered
2006-12-19
as the register files it
Field class
Gas
the register's own label
Between wells
0 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 2009-02-10.

The Commission's schedule remark for this field reads: NO BETWEEN WELL SPACING. ALLOCATION FORMULA 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 Gas112005-09-19165144
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
CondensateDisposition19,769 bbl$1,224,571
GasProduction1,925,230 Mcf$13,983,871
Total$15,208,442

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 27.6777, -98.7754. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.67775, -98.77536 · 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
9,100 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 9,100 ft.

1 well

42-1313870369,100 ft

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 (262)

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

262 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 202316080.522.67$1,288
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 2023159070.622.23$11,229
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 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 201602441.442.92$70
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 2016016842.521.99$334
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 201509732.362.00$194
Nov 20150038.792.17$0
Oct 201502643.552.43$63
Sep 201507342.992.76$201
Aug 201504740.162.87$135
Jul 201506748.152.95$197
Jun 201505456.152.88$156
May 201502955.212.96$86
Apr 201502649.822.71$70
Mar 201504042.892.93$117
Feb 20150044.662.98$0
Jan 20151043.433.10$43
Dec 20140054.693.59$0
Nov 201401870.464.25$77
Oct 20140078.303.90$0
Sep 201405086.164.05$202
Aug 201407889.394.04$315
Jul 2014011696.564.18$485
Jun 2014011498.164.74$540
May 2014012194.734.73$572
Apr 201409795.944.81$466
Mar 2014012195.895.06$612
Feb 2014010797.406.19$663
Jan 201407390.404.86$355
Dec 2013011291.824.35$488
Nov 2013012588.853.74$467
Oct 2013113697.423.78$611
Sep 20131135104.113.72$606
Aug 20131192104.253.52$781
Jul 20130167102.523.72$621
Jun 2013112694.403.93$590
May 2013013694.834.15$564
Apr 201308293.964.28$351
Mar 2013014193.623.91$552
Feb 2013014291.233.42$486
Jan 2013124791.603.42$936
Dec 2012112786.773.42$521
Nov 2012116486.953.62$681
Oct 201218033789.383.40$17,234
Sep 2012047894.672.92$1,395
Aug 201212,21392.662.91$6,528
Jul 201204,76485.133.02$14,391
Jun 201224,23679.822.52$10,830
May 201215,64291.612.49$14,131
Apr 20120153101.652.00$306
Mar 2012036105.052.22$80
Feb 20120100101.102.57$257
Jan 2012012298.092.73$334
Dec 201106696.873.24$214
Nov 201106195.723.31$202
Oct 20110084.983.65$0
Sep 2011011983.623.99$474
Aug 2011014583.404.15$602
Jul 2011023294.144.52$1,048
Jun 201102792.904.64$125
May 201106398.134.40$278
Apr 2011059105.964.33$256
Mar 2011015696.364.06$633
Feb 2011017285.644.18$719
Jan 2011057286.504.59$2,625
Dec 201013,48185.734.35$15,220
Nov 201004,84880.843.80$18,400
Oct 20101752,73178.103.51$23,250
Sep 201003,45872.633.98$13,761
Aug 201004,42973.684.42$19,573
Jul 201005,67672.554.74$26,884
Jun 201006,83970.364.91$33,582
May 20101855,18971.124.24$35,134
Apr 201003,36781.694.12$13,881
Mar 201004,40978.394.39$19,350
Feb 201003,61473.585.44$19,669
Jan 201005,50874.365.96$32,850
Dec 20091834,77071.445.48$39,231
Nov 200905,93574.593.75$22,265
Oct 2009010,75272.544.11$44,193
Sep 200907,00865.543.06$21,478
Aug 20091799,61667.423.22$43,017
Jul 2009014,21161.133.46$49,234
Jun 200912514,28066.163.90$63,891
May 200918015,36654.743.93$70,176
Apr 200918115,70146.773.59$64,793
Mar 200918316,85242.144.06$76,114
Feb 2009013,12532.814.63$60,808
Jan 200917916,92835.865.37$97,339
Dec 200818315,50937.105.98$99,489
Nov 200818215,67255.496.86$117,615
Oct 200818017,97275.246.92$137,945
Sep 200817717,380101.767.88$154,915
Aug 200818122,674114.228.48$213,018
Jul 2008023,054131.0811.39$262,572
Jun 2008018,252131.3313.03$237,872
May 200818013,663123.1711.57$180,310
Apr 200818012,837110.3110.45$154,065
Mar 20084420,604101.909.66$203,602
Feb 200822920,25092.538.77$198,794
Jan 200818317,09790.388.21$156,833
Dec 200736220,30888.337.30$180,264
Nov 200715731,16691.677.29$241,645
Oct 200735035,24082.856.92$272,928
Sep 200717823,79175.846.24$162,054
Aug 200726634,83669.066.39$240,900
Jul 200735732,26470.906.39$231,412
Jun 200735131,93962.007.55$262,852
May 200735529,91458.747.85$255,566
Apr 200736329,16359.617.81$249,261
Mar 200753933,79256.927.30$277,428
Feb 200736330,89255.108.22$273,810
Jan 200718310,24850.306.73$78,142
Dec 200636028,18856.656.92$215,411
Nov 200660430,16154.207.62$262,488
Oct 200653442,03454.906.01$282,101
Sep 200617925,74360.085.04$140,427
Aug 200617613,08568.717.34$108,136
Jul 200617818,30069.376.34$128,420
Jun 200653034,60666.286.38$256,049
May 200635926,16566.016.42$191,808
Apr 200653732,54364.397.36$274,110
Mar 200669041,34256.707.08$331,945
Feb 200671037,05457.597.75$328,099
Jan 200671855,46860.598.93$539,017
Dec 200590946,23754.9413.42$670,228
Nov 200592251,02754.6910.59$590,718
Oct 200553330,92058.3413.80$457,660
Sep 200560328,97461.4512.08$387,031
Aug 200575441,39161.519.80$451,880
Jul 200555443,33755.697.84$370,772
Jun 200523819,19552.337.38$154,134
May 2005034,66245.226.65$230,543
Apr 200523738,15549.207.36$292,500
Mar 200520211,49450.377.15$92,413
Feb 20055627,30345.226.31$174,867
Jan 200521435,84443.166.32$235,849
Dec 200441846,03439.866.75$327,441
Nov 200418260,57845.286.33$391,725
Oct 200435779,58449.706.52$536,241
Sep 200453490,31343.245.28$500,295
Aug 2004075,55242.375.55$419,363

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.

Aug 2023 — as filed, then multipliedworked
Condensate            16 bbl  × $ 80.52 =     $1,288
Gas                    0 Mcf  × $  2.67 =         $0

────────────────────────────────────────────────────
Month total                                   $1,288

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/203152 is the state's own key, not one this site invented.