STEWART STATE

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 278204District 04Field 678854002 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.0 M
Dec 2014 – May 2026
Value, last 12 filed months
$349 k
at the published price for each month
Months reported
138
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 Gas112016-02-17217941
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
CondensateDisposition1,835 bbl$89,137
GasProduction2,586,260 Mcf$7,871,592
Total$7,960,729

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 27.8747, -99.5216. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.87469, -99.52157 · 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
5,975 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 5,975 ft.

Completions filed
Dec 2025
1 of 1 wells

1 well

42-4794303016H5,975 ftDec 2025

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 (138)

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

138 months

May 20267810,581106.413.05$40,528
Apr 2026010,22598.932.87$29,343
Mar 2026012,99289.753.15$40,918
Feb 2026014,52563.503.75$54,473
Jan 2026016,53159.138.00$132,214
Dec 2025010,96856.664.41$48,406
Nov 2025019158.593.93$750
Oct 2025020759.383.30$684
Sep 2025017562.743.08$538
Aug 2025013063.933.01$392
Jul 202507166.743.32$235
Jun 202509466.483.13$294
May 2025012160.553.23$391
Apr 2025013662.363.54$482
Mar 202504467.704.27$188
Feb 20252316570.884.34$2,346
Jan 2025014674.324.28$625
Dec 2024015268.993.12$474
Nov 2024015669.052.20$343
Oct 2024012271.372.28$278
Sep 2024014869.612.36$350
Aug 2024053075.632.06$1,094
Jul 202404,75279.932.15$10,201
Jun 2024253,81378.082.63$11,995
May 202403,19478.812.20$7,022
Apr 202404,83484.451.66$8,021
Mar 202405,86280.301.55$9,058
Feb 202402,51976.091.78$4,493
Jan 2024042773.023.30$1,408
Dec 20230071.262.61$0
Nov 20230477.892.81$11
Oct 202304885.443.09$148
Sep 202302,25189.042.74$6,157
Aug 202308,26180.522.67$22,081
Jul 202307,92274.852.64$20,928
Jun 202307,56768.962.26$17,090
May 202307,81870.622.23$17,414
Apr 202308,08178.122.24$18,083
Mar 202308,42772.852.39$20,167
Feb 202306,99675.112.47$17,250
Jan 202307,87276.533.39$26,668
Dec 202207,04476.415.73$40,356
Nov 202208,63785.005.65$48,766
Oct 202208,65887.185.86$50,768
Sep 202208,69684.888.16$70,991
Aug 202208,72794.529.13$79,653
Jul 2022278,427101.587.54$66,300
Jun 2022168,004115.097.98$65,691
May 202207,756109.378.43$65,407
Apr 202207,678104.226.84$52,499
Mar 202208,468108.885.08$42,987
Feb 202208,14791.054.86$39,585
Jan 202209,54381.844.54$43,303
Dec 202109,55571.323.90$37,256
Nov 202108,93377.435.24$46,781
Oct 202109,18979.795.71$52,505
Sep 202108,77369.865.35$46,944
Aug 2021010,19166.024.22$43,012
Jul 202109,96170.783.98$39,666
Jun 202109,32469.493.38$31,521
May 2021010,34863.483.02$31,227
Apr 202109,77360.362.76$26,958
Mar 2021011,04061.302.72$29,995
Feb 2021010,02857.805.55$55,635
Jan 2021011,19450.412.81$31,458
Dec 2020010,22244.642.68$27,349
Nov 2020199,83338.772.71$27,350
Oct 2020010,63936.972.48$26,368
Sep 2020011,60837.091.99$23,112
Aug 2020538,13639.982.39$21,524
Jul 202008,56238.371.83$15,627
Jun 2020010,77334.901.69$18,210
May 202009,48516.921.81$17,213
Apr 2020012,20614.751.80$22,024
Mar 2020013,81630.341.86$25,646
Feb 2020012,32149.881.98$24,404
Jan 2020012,46157.252.09$26,103
Dec 2019012,70859.012.30$29,284
Nov 2019013,27755.302.75$36,521
Oct 2019014,43853.472.42$34,919
Sep 2019014,88655.052.66$39,556
Aug 2019015,58653.112.30$35,916
Jul 20194015,15356.272.46$39,528
Jun 2019013,46452.782.49$33,542
May 201909,59658.482.74$26,296
Apr 2019015,78362.632.75$43,414
Mar 2019016,88656.803.06$51,707
Feb 2019015,66350.852.79$43,735
Jan 20194018,04046.033.23$60,078
Dec 2018018,35346.594.19$76,815
Nov 2018018,32552.934.24$77,647
Oct 2018019,12661.443.40$64,992
Sep 2018019,34659.543.11$60,127
Aug 2018021,36359.403.07$65,511
Jul 2018021,25865.142.93$62,326
Jun 2018018,46660.183.08$56,818
May 2018021,68065.382.90$62,889
Apr 20185522,09363.842.90$67,599
Mar 2018023,10861.222.79$64,398
Feb 2018021,47061.782.77$59,389
Jan 2018026,06862.874.01$104,515
Dec 2017027,38557.272.92$80,006
Nov 20173228,07355.423.12$89,315
Oct 2017030,66149.292.98$91,483
Sep 2017031,95147.523.09$98,642
Aug 2017035,23245.373.00$105,851
Jul 20172536,58743.873.09$114,051
Jun 2017036,69142.493.09$113,275
May 20172238,94045.373.26$128,075
Apr 20172036,61447.933.21$118,548
Mar 20171638,73146.772.98$116,309
Feb 20173936,89450.452.95$110,901
Jan 20172942,67049.413.42$147,313
Dec 20164443,90548.763.72$165,596
Nov 20162139,07942.492.64$104,231
Oct 20163341,97546.193.09$131,238
Sep 20162342,53041.553.10$132,825
Aug 20162646,24641.442.92$136,316
Jul 20162747,37941.622.92$139,676
Jun 20163735,27345.352.69$96,415
May 20163240,56742.521.99$82,131
Apr 20167641,06836.561.99$84,547
Mar 20163844,36133.011.79$80,838
Feb 20163643,57426.472.06$90,874
Jan 20163748,94327.352.36$116,731
Dec 201513052,00432.362.00$108,288
Nov 20155453,45438.792.17$117,947
Oct 201511556,69243.552.43$142,576
Sep 20157754,44542.992.76$153,492
Aug 20157743,79140.162.87$128,882
Jul 2015047,99148.152.95$141,337
Jun 20154247,86356.152.88$140,341
May 20156454,51755.212.96$164,656
Apr 20155256,54549.822.71$155,634
Mar 20156659,38242.892.93$177,100
Feb 20159468,46744.662.98$207,969
Jan 20157591,63343.433.10$287,377
Dec 2014020,79754.693.59$74,690

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            78 bbl  × $106.41 =     $8,300
Gas               10,581 Mcf  × $  3.05 =    $32,228

────────────────────────────────────────────────────
Month total                                  $40,528

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/278204 is the state's own key, not one this site invented.