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 223235District 04Field 548892002 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.2 M
Oct 2006 – May 2026
Value, last 12 filed months
$160 k
at the published price for each month
Months reported
236
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 Gas112009-10-08195041
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
CondensateDisposition10,542 bbl$769,664
GasProduction1,473,226 Mcf$6,447,439
Total$7,217,104

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 27.6862, -98.7891. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.68615, -98.78905 · 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
9,050 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 9,050 ft.

Completions filed
Oct 2006
1 of 1 wells

1 well

42-13138897139,050 ftOct 2006

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 (236)

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

236 months

May 202602,787106.413.05$8,489
Apr 202602,78998.932.87$8,004
Mar 202602,78989.753.15$8,784
Feb 202603,00963.503.75$11,285
Jan 202602,85959.138.00$22,866
Dec 202502,79056.664.41$12,313
Nov 202502,94058.593.93$11,544
Oct 202505,05059.383.30$16,689
Sep 202506,38962.743.08$19,658
Aug 202507,83463.933.01$23,618
Jul 202504,25566.743.32$14,106
Jun 2025083266.483.13$2,603
May 2025059760.553.23$1,930
Apr 202501,77462.363.54$6,285
Mar 202504,71467.704.27$20,121
Feb 202503,64170.884.34$15,805
Jan 202503,58074.324.28$15,318
Dec 2024905,55268.993.12$23,539
Nov 202405,61669.052.20$12,346
Oct 202404,63171.372.28$10,565
Sep 202404,82069.612.36$11,396
Aug 2024934,58875.632.06$16,502
Jul 202404,95279.932.15$10,630
Jun 202404,39378.082.63$11,571
May 202405,15078.812.20$11,322
Apr 20241034,47884.451.66$16,128
Mar 202404,98680.301.55$7,704
Feb 202404,67776.091.78$8,342
Jan 202402,58073.023.30$8,508
Dec 202304,58371.262.61$11,965
Nov 202304,92277.892.81$13,819
Oct 20231174,98585.443.09$25,387
Sep 202305,76889.042.74$15,776
Aug 2023836,92980.522.67$25,204
Jul 202307,48574.852.64$19,774
Jun 202305,54768.962.26$12,528
May 2023117070.622.23$8,263
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 202303,45176.533.39$11,691
Dec 202203,46876.415.73$19,868
Nov 202205,57485.005.65$31,472
Oct 202204,26087.185.86$24,980
Sep 202204,67684.888.16$38,173
Aug 202204,52994.529.13$41,337
Jul 202204,105101.587.54$30,960
Jun 202203,782115.097.98$30,170
May 202204,223109.378.43$35,613
Apr 202204,302104.226.84$29,415
Mar 202204,183108.885.08$21,235
Feb 202203,59191.054.86$17,448
Jan 202204,06281.844.54$18,432
Dec 202105,28671.323.90$20,611
Nov 20211341,22477.435.24$16,786
Oct 202102,86679.795.71$16,376
Sep 202102,93269.865.35$15,689
Aug 2021754,26066.024.22$22,931
Jul 20211464,43770.783.98$28,002
Jun 202104,08769.493.38$13,817
May 2021744,11663.483.02$17,118
Apr 202102,90960.362.76$8,024
Mar 2021714,78761.302.72$17,358
Feb 202102,31657.805.55$12,849
Jan 202105,05850.412.81$14,214
Dec 2020693,49944.642.68$12,442
Nov 2020683,26438.772.71$11,471
Oct 202004,63736.972.48$11,492
Sep 2020624,34037.091.99$10,941
Aug 202004,59039.982.39$10,948
Jul 202004,67738.371.83$8,536
Jun 202004,86734.901.69$8,227
May 202004,80516.921.81$8,720
Apr 20201145,19214.751.80$11,050
Mar 202005,18830.341.86$9,630
Feb 202004,78949.881.98$9,485
Jan 202005,21057.252.09$10,914
Dec 2019554,34959.012.30$13,267
Nov 201902,82855.302.75$7,779
Oct 2019585,17453.472.42$15,615
Sep 2019584,88955.052.66$16,184
Aug 2019554,84453.112.30$14,083
Jul 201905,52156.272.46$13,582
Jun 2019455,08152.782.49$15,033
May 201905,18258.482.74$14,200
Apr 2019475,36562.632.75$17,701
Mar 2019472,99956.803.06$11,853
Feb 2019473,19250.852.79$11,303
Jan 2019474,77646.033.23$17,581
Dec 20180046.594.19$0
Nov 20184397552.934.24$6,407
Oct 2018434,69561.443.40$18,596
Sep 2018474,74959.543.11$17,558
Aug 201804,60459.403.07$14,118
Jul 201805,02765.142.93$14,739
Jun 2018925,09660.183.08$21,217
May 2018465,28065.382.90$18,324
Apr 201803,78563.842.90$10,980
Mar 2018464,83261.222.79$16,282
Feb 2018464,43661.782.77$15,112
Jan 2018464,60862.874.01$21,367
Dec 2017314,64657.272.92$15,349
Nov 2017464,55755.423.12$16,760
Oct 2017465,21549.292.98$17,827
Sep 201705,25347.523.09$16,217
Aug 2017465,51945.373.00$18,668
Jul 2017465,37343.873.09$18,606
Jun 201705,22742.493.09$16,137
May 2017465,25745.373.26$19,243
Apr 2017955,35347.933.21$21,745
Mar 2017464,88646.772.98$16,730
Feb 201703,36050.452.95$9,921
Jan 2017444,00049.413.42$15,849
Dec 2016434,23448.763.72$17,859
Nov 2016435,00642.492.64$15,065
Oct 201605,24146.193.09$16,196
Sep 2016425,31341.553.10$18,219
Aug 20162035,32141.442.92$23,973
Jul 2016405,88341.622.92$18,869
Jun 201605,62245.352.69$15,100
May 201605,73642.521.99$11,421
Apr 201615,77436.561.99$11,533
Mar 201605,97733.011.79$10,723
Feb 201605,50926.472.06$11,369
Jan 201605,82627.352.36$13,775
Dec 201505,46632.362.00$10,940
Nov 201525,71238.792.17$12,457
Oct 201505,89543.552.43$14,305
Sep 201516,17442.992.76$17,073
Aug 201506,18440.162.87$17,763
Jul 201506,47248.152.95$19,061
Jun 201506,26356.152.88$18,055
May 201516,54855.212.96$19,408
Apr 201505,73649.822.71$15,525
Mar 201506,02542.892.93$17,682
Feb 20152174,90744.662.98$24,295
Jan 201513,79943.433.10$11,823
Dec 2014384,58754.693.59$18,552
Nov 201413,24670.464.25$13,872
Oct 2014436,12878.303.90$27,272
Sep 2014425,79386.164.05$27,054
Aug 2014376,59589.394.04$29,919
Jul 2014356,42796.564.18$30,242
Jun 20142006,25598.164.74$49,261
May 2014397,01594.734.73$36,851
Apr 2014335,40595.944.81$29,159
Mar 2014317,07095.895.06$38,724
Feb 2014315,84597.406.19$39,212
Jan 2014306,24890.404.86$33,082
Dec 20132036,05191.824.35$44,988
Nov 201306,11188.853.74$22,845
Oct 2013526,64797.423.78$30,187
Sep 2013296,390104.113.72$26,776
Aug 2013646,803104.253.52$30,636
Jul 20131706,893102.523.72$43,055
Jun 2013606,66894.403.93$31,892
May 2013306,96394.834.15$31,735
Apr 2013516,75593.964.28$33,721
Mar 2013297,09493.623.91$30,473
Feb 2013297,39591.233.42$27,936
Jan 20131977,40391.603.42$43,363
Dec 2012277,30886.773.42$27,337
Nov 2012477,45786.953.62$31,118
Oct 201207,37989.383.40$25,086
Sep 201208,08694.672.92$23,598
Aug 20121707,26492.662.91$36,877
Jul 201208,08685.133.02$24,426
Jun 201227,54079.822.52$19,153
May 201207,47891.612.49$18,608
Apr 201207,283101.652.00$14,543
Mar 20121727,941105.052.22$35,714
Feb 201208,179101.102.57$21,022
Jan 201205,77798.092.73$15,795
Dec 20111757,96996.873.24$42,770
Nov 201107,01295.723.31$23,219
Oct 201107,76384.983.65$28,324
Sep 201107,85683.623.99$31,312
Aug 201108,36383.404.15$34,701
Jul 20111538,34194.144.52$52,082
Jun 201118,45992.904.64$39,342
May 201108,82298.134.40$38,859
Apr 20111768,692105.964.33$56,314
Mar 201119,00796.364.06$36,641
Feb 201108,43185.644.18$35,241
Jan 20111729,51186.504.59$58,522
Dec 201019,91685.734.35$43,198
Nov 201009,96780.843.80$37,828
Oct 2010010,52578.103.51$36,931
Sep 20101769,98672.633.98$52,522
Aug 2010010,47673.684.42$46,297
Jul 2010110,28272.554.74$48,773
Jun 201017710,23470.364.91$62,707
May 201018310,60271.124.24$57,917
Apr 2010010,56481.694.12$43,552
Mar 2010110,40178.394.39$45,725
Feb 201009,37673.585.44$51,028
Jan 201017210,73974.365.96$76,838
Dec 200917810,65771.445.48$71,157
Nov 2009010,40374.593.75$39,027
Oct 200917011,41972.544.11$59,267
Sep 2009011,08465.543.06$33,970
Aug 200917112,70167.423.22$52,407
Jul 200916913,44561.133.46$56,911
Jun 2009012,76866.163.90$49,731
May 2009011,35054.743.93$44,557
Apr 200917510,22146.773.59$44,853
Mar 20091736,98442.144.06$35,638
Feb 200905,77032.814.63$26,732
Jan 200906,62535.865.37$35,583
Dec 20081777,27737.105.98$50,062
Nov 200806,81355.496.86$46,740
Oct 20081738,97075.246.92$75,107
Sep 200806,611101.767.88$52,075
Aug 20081739,525114.228.48$100,561
Jul 200807,143131.0811.39$81,355
Jun 20081748,401131.3313.03$132,339
May 200809,205123.1711.57$106,541
Apr 20081788,814110.3110.45$111,784
Mar 2008209,538101.909.66$94,214
Feb 20082029,85492.538.77$105,116
Jan 20081827,36090.388.21$76,843
Dec 200706,84088.337.30$49,945
Nov 20071758,84891.677.29$80,559
Oct 2007010,87182.856.92$75,249
Sep 20071777,16575.846.24$58,163
Aug 20072110,44169.066.39$68,147
Jul 200717211,52570.906.39$85,816
Jun 200717611,23662.007.55$95,726
May 2007010,52558.747.85$82,582
Apr 200717411,57059.617.81$100,678
Mar 200717812,82656.927.30$103,787
Feb 2007012,77955.108.22$104,992
Jan 200717717,20350.306.73$124,625
Dec 200637216,33756.656.92$134,100
Nov 2006012,52854.207.62$95,432
Oct 2006020,36654.906.01$122,477

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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                2,787 Mcf  × $  3.05 =     $8,489

────────────────────────────────────────────────────
Month total                                   $8,489

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/223235 is the state's own key, not one this site invented.