STEWART TRUST

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

Gas lease lease 268851District 04Field 678854002 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.0 M
Feb 2012 – May 2026
Value, last 12 filed months
$45 k
at the published price for each month
Months reported
172
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 811 leases and 811 wells, and the rule below applies to all of them.

Discovered
1971-11-11
as the register files it
Field class
Oil and 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 2015-03-24.

The Commission's schedule remark for this field reads: LATERALS. EFFECTIVE 3/24/15;

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 Gas112013-09-12211073
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
CondensateDisposition3,085 bbl$242,214
GasProduction2,418,139 Mcf$7,784,997
Total$8,027,211

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 27.8769, -99.5333. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.87688, -99.53335 · 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
5,848 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 5,848 ft.

Completions filed
Feb 2012
1 of 1 wells

1 well

42-4794162212H5,848 ftFeb 2012

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 (172)

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

172 months

May 20260206106.413.05$627
Apr 20260698.932.87$17
Mar 20260189.753.15$3
Feb 2026021163.503.75$791
Jan 202609959.138.00$792
Dec 2025025456.664.41$1,121
Nov 2025015958.593.93$624
Oct 202502,65359.383.30$8,768
Sep 202502,98662.743.08$9,188
Aug 2025016063.933.01$482
Jul 202503,80266.743.32$12,604
Jun 202503,34566.483.13$10,466
May 2025013860.553.23$446
Apr 2025015462.363.54$546
Mar 2025028167.704.27$1,199
Feb 2025027870.884.34$1,207
Jan 2025020674.324.28$881
Dec 2024024368.993.12$758
Nov 2024023369.052.20$512
Oct 2024026371.372.28$600
Sep 2024025469.612.36$601
Aug 202403,52475.632.06$7,272
Jul 202402,56279.932.15$5,500
Jun 2024012578.082.63$329
May 2024019178.812.20$420
Apr 202408284.451.66$136
Mar 2024031680.301.55$488
Feb 202404,15576.091.78$7,411
Jan 202404,40373.023.30$14,520
Dec 202304,34371.262.61$11,338
Nov 202304,39777.892.81$12,345
Oct 202304,09185.443.09$12,630
Sep 202304,26489.042.74$11,662
Aug 202304,32880.522.67$11,568
Jul 202304,51074.852.64$11,915
Jun 202304,23968.962.26$9,574
May 2023104,57470.622.23$10,894
Apr 202304,39278.122.24$9,828
Mar 202304,46872.852.39$10,693
Feb 202303,95975.112.47$9,762
Jan 202304,46976.533.39$15,140
Dec 202204,49576.415.73$25,752
Nov 202204,17085.005.65$23,545
Oct 202204,46587.185.86$26,182
Sep 202204,43484.888.16$36,198
Aug 202204,48094.529.13$40,890
Jul 202204,454101.587.54$33,592
Jun 2022104,434115.097.98$36,522
May 202204,927109.378.43$41,550
Apr 202204,887104.226.84$33,415
Mar 202205,250108.885.08$26,651
Feb 202204,64791.054.86$22,579
Jan 202204,69481.844.54$21,300
Dec 202104,92771.323.90$19,211
Nov 202104,77977.435.24$25,027
Oct 202104,88379.795.71$27,901
Sep 202104,76169.865.35$25,476
Aug 202105,17166.024.22$21,825
Jul 202105,24870.783.98$20,898
Jun 202105,17869.493.38$17,505
May 202105,32063.483.02$16,054
Apr 202105,23560.362.76$14,440
Mar 202105,37461.302.72$14,601
Feb 202105,01857.805.55$27,840
Jan 202105,74850.412.81$16,153
Dec 202005,87644.642.68$15,721
Nov 202005,74138.772.71$15,538
Oct 2020126,02936.972.48$15,386
Sep 202005,90837.091.99$11,763
Aug 202046,23839.982.39$15,038
Jul 202006,32838.371.83$11,549
Jun 202006,25434.901.69$10,571
May 202006,55416.921.81$11,894
Apr 2020236,45914.751.80$11,994
Mar 202006,76230.341.86$12,552
Feb 202006,39849.881.98$12,672
Jan 202006,83857.252.09$14,324
Dec 201906,92259.012.30$15,951
Nov 201906,86655.302.75$18,886
Oct 201907,23853.472.42$17,505
Sep 201907,12755.052.66$18,938
Aug 201907,44753.112.30$17,161
Jul 201907,49456.272.46$18,436
Jun 201907,36652.782.49$18,350
May 201907,95858.482.74$21,807
Apr 201907,99562.632.75$21,992
Mar 201908,41556.803.06$25,768
Feb 201917,78350.852.79$21,783
Jan 201928,91646.033.23$28,875
Dec 201839,21946.594.19$38,725
Nov 201839,34552.934.24$39,756
Oct 2018210,08561.443.40$34,393
Sep 201829,97559.543.11$31,121
Aug 2018010,50859.403.07$32,223
Jul 2018211,03865.142.93$32,492
Jun 201849,96960.183.08$30,915
May 2018210,13865.382.90$29,539
Apr 2018519,97263.842.90$32,183
Mar 2018310,48361.222.79$29,398
Feb 201879,69761.782.77$27,256
Jan 2018210,99962.874.01$44,224
Dec 20171011,27057.272.92$33,498
Nov 20172910,78855.423.12$35,248
Oct 2017311,45649.292.98$34,329
Sep 2017111,46247.523.09$35,434
Aug 2017512,13345.373.00$36,679
Jul 20172612,45743.873.09$39,599
Jun 20171612,55642.493.09$39,444
May 20172313,08445.373.26$43,742
Apr 2017311,88347.933.21$38,307
Mar 20171812,43146.772.98$37,932
Feb 20174611,45450.452.95$36,140
Jan 20173312,92149.413.42$45,805
Dec 2016912,51448.763.72$47,026
Nov 20162313,02842.492.64$35,428
Oct 2016414,00846.193.09$43,473
Sep 2016513,86741.553.10$43,204
Aug 2016214,71041.442.92$43,100
Jul 2016715,30341.622.92$45,043
Jun 2016515,28245.352.69$41,272
May 20161516,33242.521.99$33,155
Apr 20162816,43436.561.99$33,744
Mar 20162217,29833.011.79$31,759
Feb 20163316,61326.472.06$35,157
Jan 20163817,79027.352.36$43,101
Dec 20157017,93132.362.00$38,152
Nov 20154415,99638.792.17$36,375
Oct 20152917,49743.552.43$43,721
Sep 20151416,37342.992.76$45,765
Aug 20151720,12740.162.87$58,497
Jul 2015920,63448.152.95$61,202
Jun 20153720,79356.152.88$62,021
May 20151822,37855.212.96$67,131
Apr 20153121,17449.822.71$58,853
Mar 20154522,04942.892.93$66,637
Feb 20153220,46944.662.98$62,349
Jan 20155423,60743.433.10$75,542
Dec 20141217,04054.693.59$61,853
Nov 20144527,02170.464.25$118,060
Oct 20144029,18978.303.90$116,997
Sep 20144122,76686.164.05$95,631
Aug 20143523,64989.394.04$98,555
Jul 20142925,47496.564.18$109,271
Jun 20141827,03498.164.74$129,824
May 20145031,32594.734.73$152,796
Apr 20146027,25495.944.81$136,824
Mar 20142020,26195.895.06$104,374
Feb 201469,26297.406.19$57,935
Jan 2014016,10490.404.86$78,277
Dec 2013022,12391.824.35$96,334
Nov 2013221,53188.853.74$80,667
Oct 2013820,75097.423.78$79,201
Sep 2013124,630104.113.72$91,672
Aug 2013626,936104.253.52$95,511
Jul 2013727,858102.523.72$104,286
Jun 2013029,81894.403.93$117,286
May 20131033,25094.834.15$138,905
Apr 20131535,41993.964.28$153,094
Mar 20138738,70993.623.91$159,608
Feb 201324230,90391.233.42$127,763
Jan 2013045,80591.603.42$156,649
Dec 201212349,74886.773.42$180,819
Nov 201210652,30386.953.62$198,813
Oct 20122857,88089.383.40$199,276
Sep 20126658,39994.672.92$176,680
Aug 2012045,74392.662.91$133,028
Jul 20124742,44885.133.02$132,228
Jun 201219484,01579.822.52$227,122
May 20129896,57391.612.49$249,282
Apr 201223982,413101.652.00$188,857
Mar 2012361110,524105.052.22$283,516
Feb 201214249,237101.102.57$140,907

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                  206 Mcf  × $  3.05 =       $627

────────────────────────────────────────────────────
Month total                                     $627

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/268851 is the state's own key, not one this site invented.