VT PALAFOX EXPLORATION CO.

Operated by LEWIS PETRO PROPERTIES, INC. (P-5 499978) in the LAS TIENDAS (OLMOS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 238468District 04Field 522110602 tax incentive programmesCondensateGasSaveExport
Value, all time
$471 k
May 2008 – May 2026
Value, last 12 filed months
$7 k
at the published price for each month
Months reported
217
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 754 leases and 754 wells, and the rule below applies to all of them.

Discovered
1974-04-22
as the register files it
Field class
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 2011-08-23.

The Commission's schedule remark for this field reads: REMAINS SUSPENDED. FIELD REMAINS SET TO MANUAL REVIEW.

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 Gas112009-01-28188342
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
CondensateDisposition8 bbl$735
GasProduction90,110 Mcf$470,092
Total$470,826

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 27.8617, -99.7625. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.86168, -99.76253 · 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
6,920 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 6,920 ft.

Completions filed
May 2008
1 of 1 wells

1 well

42-4794016015026,920 ftMay 2008

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 (217)

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

217 months

May 20260151106.413.05$460
Apr 2026019698.932.87$562
Mar 2026017289.753.15$542
Feb 2026013763.503.75$514
Jan 2026014859.138.00$1,184
Dec 2025015256.664.41$671
Nov 2025015258.593.93$597
Oct 2025013459.383.30$443
Sep 2025011562.743.08$354
Aug 2025022063.933.01$663
Jul 2025016666.743.32$550
Jun 2025015366.483.13$479
May 2025017960.553.23$579
Apr 2025019162.363.54$677
Mar 2025037967.704.27$1,618
Feb 20250070.884.34$0
Jan 202501374.324.28$56
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 2024011369.612.36$267
Aug 20240075.632.06$0
Jul 2024015979.932.15$341
Jun 20240078.082.63$0
May 2024014078.812.20$308
Apr 2024023484.451.66$388
Mar 20240080.301.55$0
Feb 202409076.091.78$161
Jan 202408873.023.30$290
Dec 202309571.262.61$248
Nov 202309877.892.81$275
Oct 2023010185.443.09$312
Sep 2023010089.042.74$274
Aug 2023010380.522.67$275
Jul 2023011074.852.64$291
Jun 2023011568.962.26$260
May 202308970.622.23$198
Apr 202309878.122.24$219
Mar 2023011572.852.39$275
Feb 2023011775.112.47$288
Jan 2023013076.533.39$440
Dec 2022011576.415.73$659
Nov 2022010385.005.65$582
Oct 2022012887.185.86$751
Sep 2022012984.888.16$1,053
Aug 2022018294.529.13$1,661
Jul 20220227101.587.54$1,712
Jun 20220202115.097.98$1,611
May 20220159109.378.43$1,341
Apr 20220143104.226.84$978
Mar 20220163108.885.08$827
Feb 2022018791.054.86$909
Jan 2022013281.844.54$599
Dec 2021022071.323.90$858
Nov 2021025277.435.24$1,320
Oct 2021013379.795.71$760
Sep 2021026669.865.35$1,423
Aug 2021030266.024.22$1,275
Jul 2021018470.783.98$733
Jun 2021018869.493.38$636
May 2021017163.483.02$516
Apr 2021015760.362.76$433
Mar 2021018361.302.72$497
Feb 2021016657.805.55$921
Jan 2021017550.412.81$492
Dec 2020017144.642.68$458
Nov 2020015938.772.71$430
Oct 2020014336.972.48$354
Sep 2020022637.091.99$450
Aug 2020014739.982.39$351
Jul 2020013838.371.83$252
Jun 2020014634.901.69$247
May 2020019216.921.81$348
Apr 2020022614.751.80$408
Mar 2020022230.341.86$412
Feb 2020016349.881.98$323
Jan 2020022157.252.09$463
Dec 2019021659.012.30$498
Nov 2019020055.302.75$550
Oct 2019018953.472.42$457
Sep 2019018555.052.66$492
Aug 2019019853.112.30$456
Jul 2019025856.272.46$635
Jun 2019021752.782.49$541
May 2019018158.482.74$496
Apr 2019018462.632.75$506
Mar 2019017956.803.06$548
Feb 2019014450.852.79$402
Jan 2019019846.033.23$639
Dec 2018016746.594.19$699
Nov 2018014852.934.24$627
Oct 2018016261.443.40$550
Sep 201808959.543.11$277
Aug 2018015859.403.07$485
Jul 2018014365.142.93$419
Jun 2018015260.183.08$468
May 2018016465.382.90$476
Apr 2018017463.842.90$505
Mar 2018019161.222.79$532
Feb 2018019461.782.77$537
Jan 2018016262.874.01$650
Dec 2017011057.272.92$321
Nov 2017017455.423.12$543
Oct 2017021749.292.98$647
Sep 2017022147.523.09$682
Aug 2017023345.373.00$700
Jul 2017019643.873.09$605
Jun 2017025042.493.09$772
May 2017029345.373.26$956
Apr 2017033047.933.21$1,060
Mar 2017023346.772.98$695
Feb 2017022950.452.95$676
Jan 2017025349.413.42$865
Dec 2016034248.763.72$1,273
Nov 2016015342.492.64$405
Oct 2016019546.193.09$603
Sep 2016024041.553.10$744
Aug 2016027341.442.92$798
Jul 2016031941.622.92$933
Jun 2016011845.352.69$317
May 20160342.521.99$6
Apr 201605536.561.99$110
Mar 2016017233.011.79$309
Feb 2016017026.472.06$351
Jan 2016018227.352.36$430
Dec 2015016832.362.00$336
Nov 201506238.792.17$134
Oct 2015015343.552.43$371
Sep 2015019842.992.76$546
Aug 2015013340.162.87$382
Jul 2015016048.152.95$471
Jun 201503156.152.88$89
May 2015015755.212.96$464
Apr 2015014949.822.71$403
Mar 2015018042.892.93$528
Feb 2015014444.662.98$429
Jan 2015016343.433.10$505
Dec 201403254.693.59$115
Nov 2014012070.464.25$510
Oct 2014010478.303.90$406
Sep 2014015986.164.05$643
Aug 2014014589.394.04$585
Jul 201408096.564.18$334
Jun 2014014998.164.74$706
May 2014021094.734.73$993
Apr 2014024595.944.81$1,178
Mar 2014014395.895.06$723
Feb 2014017897.406.19$1,102
Jan 2014027190.404.86$1,317
Dec 2013826091.824.35$1,867
Nov 2013028688.853.74$1,069
Oct 2013034397.423.78$1,296
Sep 20130309104.113.72$1,149
Aug 20130316104.253.52$1,113
Jul 20130306102.523.72$1,138
Jun 2013033194.403.93$1,302
May 2013035494.834.15$1,469
Apr 2013033793.964.28$1,443
Mar 2013036893.623.91$1,440
Feb 2013032791.233.42$1,118
Jan 2013034391.603.42$1,173
Dec 2012031686.773.42$1,081
Nov 2012037986.953.62$1,374
Oct 2012036289.383.40$1,231
Sep 2012038394.672.92$1,118
Aug 2012044392.662.91$1,288
Jul 2012044485.133.02$1,341
Jun 2012045579.822.52$1,146
May 2012051991.612.49$1,291
Apr 20120545101.652.00$1,088
Mar 20120618105.052.22$1,373
Feb 20120537101.102.57$1,380
Jan 2012073698.092.73$2,012
Dec 2011088896.873.24$2,877
Nov 2011057295.723.31$1,894
Oct 2011071884.983.65$2,620
Sep 2011068983.623.99$2,746
Aug 2011086283.404.15$3,577
Jul 2011014394.144.52$646
Jun 2011020792.904.64$960
May 2011069798.134.40$3,070
Apr 20110646105.964.33$2,799
Mar 2011086096.364.06$3,489
Feb 2011088185.644.18$3,683
Jan 2011068886.504.59$3,157
Dec 2010091585.734.35$3,978
Nov 2010090480.843.80$3,431
Oct 2010096978.103.51$3,400
Sep 201001,19972.633.98$4,771
Aug 201001,33873.684.42$5,913
Jul 2010088072.554.74$4,168
Jun 201001,15970.364.91$5,691
May 201001,21171.124.24$5,129
Apr 201001,23381.694.12$5,083
Mar 201001,33278.394.39$5,846
Feb 2010088373.585.44$4,806
Jan 201001,06274.365.96$6,334
Dec 200901,16371.445.48$6,378
Nov 200901,23774.593.75$4,641
Oct 200901,42372.544.11$5,849
Sep 200901,41565.543.06$4,337
Aug 200901,24967.423.22$4,020
Jul 200901,33861.133.46$4,636
Jun 200901,30366.163.90$5,075
May 200901,48454.743.93$5,826
Apr 2009093646.773.59$3,358
Mar 2009026542.144.06$1,076
Feb 2009073132.814.63$3,387
Jan 200901,57235.865.37$8,443
Dec 2008052237.105.98$3,120
Nov 200802,24255.496.86$15,381
Oct 200802,72575.246.92$18,862
Sep 200802,705101.767.88$21,308
Aug 200803,399114.228.48$28,834
Jul 200804,290131.0811.39$48,861
Jun 200805,636131.3313.03$73,452
May 200800123.1711.57$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                  151 Mcf  × $  3.05 =       $460

────────────────────────────────────────────────────
Month total                                     $460

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/238468 is the state's own key, not one this site invented.