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 229034District 04Field 548892002 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.5 M
Oct 2006 – May 2026
Value, last 12 filed months
$86 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 Gas112009-10-08195040
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
CondensateDisposition9,917 bbl$769,147
GasProduction1,587,793 Mcf$7,702,178
Total$8,471,325

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 27.6785, -98.7952. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.67852, -98.79524 · 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
9,035 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 9,035 ft.

Completions filed
Jul 2007
1 of 1 wells

1 well

42-13138898149,035 ftJul 2007

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 202602,071106.413.05$6,308
Apr 202601,89198.932.87$5,427
Mar 202602,25289.753.15$7,093
Feb 202601,74863.503.75$6,556
Jan 202603,65459.138.00$29,224
Dec 202501,34156.664.41$5,918
Nov 202501,56658.593.93$6,149
Oct 202501,47159.383.30$4,861
Sep 202501,28362.743.08$3,948
Aug 202501,43263.933.01$4,317
Jul 202501,03466.743.32$3,428
Jun 2025083366.483.13$2,606
May 202501,01260.553.23$3,271
Apr 2025086562.363.54$3,065
Mar 202501,31367.704.27$5,604
Feb 2025084070.884.34$3,646
Jan 2025077274.324.28$3,303
Dec 2024281,19168.993.12$5,649
Nov 202401,22269.052.20$2,686
Oct 202401,07171.372.28$2,443
Sep 202401,39869.612.36$3,305
Aug 2024281,44075.632.06$5,089
Jul 202401,32479.932.15$2,842
Jun 202401,00578.082.63$2,647
May 202401,14178.812.20$2,508
Apr 20242691384.451.66$3,711
Mar 2024090780.301.55$1,401
Feb 2024089076.091.78$1,587
Jan 2024050673.023.30$1,669
Dec 2023086771.262.61$2,263
Nov 2023092077.892.81$2,583
Oct 2023331,13085.443.09$6,308
Sep 202302,05889.042.74$5,629
Aug 202341,12580.522.67$3,329
Jul 202301,27974.852.64$3,379
Jun 202302,73468.962.26$6,175
May 2023120070.622.23$8,474
Apr 202303,52978.122.24$7,897
Mar 202303,19672.852.39$7,649
Feb 202303,21775.112.47$7,932
Jan 202302,76376.533.39$9,360
Dec 202202,51476.415.73$14,403
Nov 20220085.005.65$0
Oct 2022054387.185.86$3,184
Sep 202201,74684.888.16$14,254
Aug 202202,63994.529.13$24,087
Jul 202203,591101.587.54$27,084
Jun 202203,317115.097.98$26,460
May 202203,610109.378.43$30,443
Apr 202203,738104.226.84$25,559
Mar 202203,363108.885.08$17,072
Feb 202202,93591.054.86$14,261
Jan 202203,25281.844.54$14,757
Dec 202103,22971.323.90$12,590
Nov 20211402,68677.435.24$24,906
Oct 202102,83879.795.71$16,216
Sep 202102,93569.865.35$15,705
Aug 2021673,95466.024.22$21,112
Jul 20211474,03370.783.98$26,464
Jun 202103,67069.493.38$12,407
May 2021753,57663.483.02$15,552
Apr 202102,95660.362.76$8,154
Mar 2021723,98761.302.72$15,246
Feb 202102,71557.805.55$15,063
Jan 202104,03250.412.81$11,331
Dec 2020684,24144.642.68$14,382
Nov 2020653,18838.772.71$11,149
Oct 202004,36936.972.48$10,828
Sep 2020573,78237.091.99$9,644
Aug 202003,92739.982.39$9,366
Jul 202004,12138.371.83$7,521
Jun 202004,40734.901.69$7,449
May 202004,28016.921.81$7,767
Apr 20201014,65114.751.80$9,882
Mar 202004,63130.341.86$8,596
Feb 202003,98949.881.98$7,901
Jan 202004,35457.252.09$9,121
Dec 2019494,10059.012.30$12,339
Nov 201903,53855.302.75$9,732
Oct 2019504,44753.472.42$13,429
Sep 2019494,25255.052.66$13,996
Aug 2019474,09753.112.30$11,937
Jul 201904,68256.272.46$11,518
Jun 2019404,34452.782.49$12,933
May 201904,18858.482.74$11,476
Apr 2019414,45062.632.75$14,808
Mar 2019413,81856.803.06$14,020
Feb 2019413,82750.852.79$12,771
Jan 2019413,79446.033.23$14,135
Dec 201803,83546.594.19$16,051
Nov 2018375,00352.934.24$23,157
Oct 2018385,07761.443.40$19,587
Sep 2018413,92759.543.11$14,646
Aug 201813,75759.403.07$11,580
Jul 201804,18565.142.93$12,270
Jun 2018804,34960.183.08$18,196
May 2018404,43265.382.90$15,472
Apr 201803,13263.842.90$9,085
Mar 2018434,06661.222.79$13,964
Feb 2018403,61061.782.77$12,457
Jan 2018433,96962.874.01$18,616
Dec 2017283,62857.272.92$12,203
Nov 2017403,95955.423.12$14,562
Oct 2017404,34949.292.98$14,948
Sep 201704,38847.523.09$13,547
Aug 2017404,84745.373.00$16,377
Jul 2017424,35243.873.09$15,278
Jun 201704,18542.493.09$12,920
May 2017414,35145.373.26$16,059
Apr 2017844,17947.933.21$17,447
Mar 2017423,79946.772.98$13,299
Feb 201722,94950.452.95$8,808
Jan 2017393,42649.413.42$13,640
Dec 2016383,95948.763.72$16,592
Nov 2016374,10742.492.64$12,432
Oct 201604,20946.193.09$13,007
Sep 2016364,77041.553.10$16,286
Aug 2016284,65941.442.92$14,785
Jul 2016355,11141.622.92$16,403
Jun 201604,61645.352.69$12,398
May 201605,22142.521.99$10,395
Apr 201604,81336.561.99$9,583
Mar 201604,87833.011.79$8,751
Feb 201604,75026.472.06$9,802
Jan 201604,90327.352.36$11,592
Dec 201505,07832.362.00$10,163
Nov 201505,19538.792.17$11,259
Oct 201505,47843.552.43$13,293
Sep 201505,58442.992.76$15,403
Aug 201505,61540.162.87$16,129
Jul 201505,80048.152.95$17,081
Jun 201505,55656.152.88$16,017
May 201506,08355.212.96$17,978
Apr 201505,31649.822.71$14,388
Mar 201505,50142.892.93$16,144
Feb 2015374,43444.662.98$14,849
Jan 201503,74743.433.10$11,618
Dec 20142204,67054.693.59$28,803
Nov 201403,09670.464.25$13,164
Oct 2014415,77778.303.90$25,746
Sep 2014416,08786.164.05$28,157
Aug 2014376,13989.394.04$28,079
Jul 2014336,03796.564.18$28,419
Jun 2014356,13098.164.74$32,473
May 20141977,32994.734.73$53,303
Apr 2014315,07195.944.81$27,361
Mar 2014306,85095.895.06$37,516
Feb 2014405,74997.406.19$39,494
Jan 2014336,26390.404.86$33,426
Dec 2013346,63091.824.35$31,992
Nov 201305,99188.853.74$22,396
Oct 2013547,00597.423.78$31,735
Sep 2013276,146104.113.72$25,660
Aug 2013646,711104.253.52$30,312
Jul 201306,952102.523.72$25,846
Jun 20132326,80094.403.93$48,648
May 2013317,32094.834.15$33,311
Apr 2013536,89993.964.28$34,525
Mar 2013386,93993.623.91$30,709
Feb 2013307,72291.233.42$29,145
Jan 2013298,13391.603.42$30,471
Dec 2012297,75586.773.42$29,040
Nov 20122308,13086.953.62$49,469
Oct 201208,36589.383.40$28,438
Sep 201207,74194.672.92$22,591
Aug 201206,75692.662.91$19,648
Jul 20121798,27885.133.02$40,244
Jun 201227,77579.822.52$19,745
May 201217,46391.612.49$18,662
Apr 201217,835101.652.00$15,747
Mar 201208,751105.052.22$19,445
Feb 2012010,155101.102.57$26,101
Jan 201206,63898.092.73$18,149
Dec 201108,64796.873.24$28,014
Nov 20111827,70395.723.31$42,928
Oct 201118,88484.983.65$32,499
Sep 201108,14283.623.99$32,452
Aug 201109,36283.404.15$38,846
Jul 201129,42394.144.52$42,754
Jun 20111789,64192.904.64$61,269
May 2011010,10198.134.40$44,493
Apr 2011110,074105.964.33$43,759
Mar 2011110,46096.364.06$42,536
Feb 2011110,17885.644.18$42,629
Jan 201118110,91886.504.59$65,757
Dec 2010011,78285.734.35$51,225
Nov 2010012,02980.843.80$45,654
Oct 2010112,62978.103.51$44,392
Sep 201017012,34572.633.98$61,474
Aug 2010012,84473.684.42$56,762
Jul 2010112,87472.554.74$61,050
Jun 2010012,55370.364.91$61,640
May 201017813,21271.124.24$68,615
Apr 2010013,31681.694.12$54,898
Mar 2010313,36278.394.39$58,877
Feb 201017812,24373.585.44$79,728
Jan 2010013,67974.365.96$81,583
Dec 200917913,82771.445.48$88,612
Nov 2009014,59374.593.75$54,746
Oct 200918216,17172.544.11$79,669
Sep 2009015,75165.543.06$48,273
Aug 200917418,63567.423.22$71,708
Jul 200918520,96461.133.46$83,939
Jun 2009017,05966.163.90$66,445
May 200917318,92054.743.93$83,745
Apr 2009021,16146.773.59$75,915
Mar 2009010,18842.144.06$41,353
Feb 20091829,95232.814.63$52,079
Jan 2009012,88435.865.37$69,200
Dec 200818317,24037.105.98$109,835
Nov 200817912,94355.496.86$98,726
Oct 2008016,82075.246.92$116,428
Sep 200817815,112101.767.88$137,152
Aug 200817915,561114.228.48$152,450
Jul 200817516,722131.0811.39$213,393
Jun 200817917,627131.3313.03$253,234
May 200817820,714123.1711.57$261,674
Apr 200817920,529110.3110.45$234,373
Mar 200818021,541101.909.66$226,516
Feb 200818022,08892.538.77$210,380
Jan 200836525,75290.388.21$244,303
Dec 200718028,33188.337.30$222,772
Nov 200736330,50991.677.29$255,739
Oct 200717738,09682.856.92$278,364
Sep 200735741,00175.846.24$283,092
Aug 200735859,22769.066.39$403,062
Jul 2007013,70970.906.39$87,572
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0

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                2,071 Mcf  × $  3.05 =     $6,308

────────────────────────────────────────────────────
Month total                                   $6,308

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/229034 is the state's own key, not one this site invented.