CHAPA

Name: CHAPA lease production and value, Jul 1995 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by CHAPCO, INC. (P-5 144611) in the PIEDRAS PINTAS DOME field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 12477District 04Field 71416001OilCasinghead gasSave Export

Value, all time

$1.0 M

Jul 1995 – May 2026

Value, last 12 filed months

at the published price for each month

Months reported

371

no gaps in the span

Streams

oil, casinghead gas

The PIEDRAS PINTAS DOME field

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 24 leases and 64 wells, and the rule below applies to all of them.

Discovered

1954-01-01

as the register files it

Field class

Oil and gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “4500'ONLY IN OIL FIELD. GAS FIELD TO FOLLOW STATEWIDE RULES.”

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.

Stream	Basis	Volume	Value
Oil	Disposition	37,077 bbl	$1,006,314
Casinghead gas	Production	13,316 Mcf	$16,812
Total			$1,023,126

6,205 Mcf of this lease's gas, across 7 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (4)

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 27.6308, -98.3793. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

27.63080, -98.37937 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

25.0%

1 of 4 wells

With a plug date

25.0%

1 of 4 wells

Median depth

3,300 ft

4 wells filed one

Completion to plug

7.1 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

125.0%

A plug date is filed

125.0%

BothOn the schedule and plugged. Neither fact cancels the other.

125.0%

NeitherNo plug date, and not on the schedule.

375.0%

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

Between 2,550 and 3,700 ft, median 3,300 ft, over the 4 wells that filed a depth.

Completions filed

Jul 1995 – Aug 2007

4 of 4 wells

Plug dates filed

Feb 2003

1 of 4 wells; 3 filed none

Last completion to plug: a median of 7.1 years across the 1 well that filed both dates, with the middle half between 7.1 years and 7.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells


42-13138640	6	2,990 ft	Aug 2007	—	—
42-13138064	3	3,700 ft	May 1996	—	—
42-13138069	4	2,550 ft	Jan 1996	Feb 2003	Yes
42-13138016	1	3,609 ft	Jul 1995	—	—

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 (371)

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

371 months


May 2026	0	0	106.41	3.05	$0
Apr 2026	0	0	98.93	2.87	$0
Mar 2026	0	0	89.75	3.15	$0
Feb 2026	0	0	63.50	3.75	$0
Jan 2026	0	0	59.13	8.00	$0
Dec 2025	0	0	56.66	4.41	$0
Nov 2025	0	0	58.59	3.93	$0
Oct 2025	0	0	59.38	3.30	$0
Sep 2025	0	0	62.74	3.08	$0
Aug 2025	0	0	63.93	3.01	$0
Jul 2025	0	0	66.74	3.32	$0
Jun 2025	0	0	66.48	3.13	$0
May 2025	0	0	60.55	3.23	$0
Apr 2025	144	0	62.36	3.54	$8,980
Mar 2025	0	0	67.70	4.27	$0
Feb 2025	0	0	70.88	4.34	$0
Jan 2025	0	0	74.32	4.28	$0
Dec 2024	0	0	68.99	3.12	$0
Nov 2024	0	0	69.05	2.20	$0
Oct 2024	0	0	71.37	2.28	$0
Sep 2024	0	0	69.61	2.36	$0
Aug 2024	0	0	75.63	2.06	$0
Jul 2024	0	0	79.93	2.15	$0
Jun 2024	0	0	78.08	2.63	$0
May 2024	0	0	78.81	2.20	$0
Apr 2024	0	0	84.45	1.66	$0
Mar 2024	0	0	80.30	1.55	$0
Feb 2024	0	0	76.09	1.78	$0
Jan 2024	145	0	73.02	3.30	$10,588
Dec 2023	0	0	71.26	2.61	$0
Nov 2023	152	0	77.89	2.81	$11,839
Oct 2023	0	0	85.44	3.09	$0
Sep 2023	0	0	89.04	2.74	$0
Aug 2023	137	0	80.52	2.67	$11,031
Jul 2023	0	0	74.85	2.64	$0
Jun 2023	0	0	68.96	2.26	$0
May 2023	0	0	70.62	2.23	$0
Apr 2023	0	0	78.12	2.24	$0
Mar 2023	0	0	72.85	2.39	$0
Feb 2023	0	0	75.11	2.47	$0
Jan 2023	0	0	76.53	3.39	$0
Dec 2022	0	0	76.41	5.73	$0
Nov 2022	0	0	85.00	5.65	$0
Oct 2022	0	0	87.18	5.86	$0
Sep 2022	0	0	84.88	8.16	$0
Aug 2022	0	0	94.52	9.13	$0
Jul 2022	0	0	101.58	7.54	$0
Jun 2022	151	0	115.09	7.98	$17,379
May 2022	0	0	109.37	8.43	$0
Apr 2022	0	0	104.22	6.84	$0
Mar 2022	0	0	108.88	5.08	$0
Feb 2022	0	0	91.05	4.86	$0
Jan 2022	152	0	81.84	4.54	$12,440
Dec 2021	0	0	71.32	3.90	$0
Nov 2021	0	0	77.43	5.24	$0
Oct 2021	0	0	79.79	5.71	$0
Sep 2021	0	0	69.86	5.35	$0
Aug 2021	0	0	66.02	4.22	$0
Jul 2021	0	0	70.78	3.98	$0
Jun 2021	0	0	69.49	3.38	$0
May 2021	169	0	63.48	3.02	$10,728
Apr 2021	0	0	60.36	2.76	$0
Mar 2021	0	0	61.30	2.72	$0
Feb 2021	0	0	57.80	5.55	$0
Jan 2021	0	0	50.41	2.81	$0
Dec 2020	0	0	44.64	2.68	$0
Nov 2020	0	0	38.77	2.71	$0
Oct 2020	0	0	36.97	2.48	$0
Sep 2020	0	0	37.09	1.99	$0
Aug 2020	0	0	39.98	2.39	$0
Jul 2020	0	0	38.37	1.83	$0
Jun 2020	0	0	34.90	1.69	$0
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	0	0	49.88	1.98	$0
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	169	0	59.01	2.30	$9,973
Nov 2019	0	0	55.30	2.75	$0
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	0	0	55.05	2.66	$0
Aug 2019	0	0	53.11	2.30	$0
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	0	0	52.78	2.49	$0
May 2019	0	0	58.48	2.74	$0
Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	0	56.80	3.06	$0
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	171	0	65.14	2.93	$11,139
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	173	0	95.89	5.06	$16,589
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	174	0	102.52	3.72	$17,838
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	179	0	105.05	2.22	$18,804
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	164	0	73.68	4.42	$12,084
Jul 2010	133	0	72.55	4.74	$9,649
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	159	0	71.44	5.48	$11,359
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	156	0	72.54	4.11	$11,316
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	171	0	66.16	3.90	$11,313
May 2009	0	0	54.74	3.93	$0
Apr 2009	155	0	46.77	3.59	$7,249
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	154	0	131.08	11.39	$20,186
Jun 2008	154	0	131.33	13.03	$20,225
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	184	0	92.53	8.77	$17,026
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	154	0	62.00	7.55	$9,548
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	163	0	55.10	8.22	$8,981
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	143	0	68.71	7.34	$9,826
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	310	0	57.59	7.75	$17,853
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	171	0	55.69	7.84	$9,523
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	152	0	50.37	7.15	$7,656
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	319	0	42.37	5.55	$13,516
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	165	0	32.45	5.51	$5,354
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	179	0	26.31	4.75	$4,709
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	267	0	26.67	5.41	$7,121
Mar 2003	340	0	31.14	6.10	$10,588
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	0	24.66	3.58	$0
Apr 2002	124	0	23.65	3.51	$2,933
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	505	0	18.22	2.38	$9,201
Jan 2002	183	0	17.17	2.38	$3,142
Dec 2001	277	0	16.93	2.36	$4,690
Nov 2001	325	0	18.07	2.41	$5,873
Oct 2001	352	0	19.78	2.53	$6,963
Sep 2001	532	0	24.26	2.25	$12,906
Aug 2001	293	0	24.87	3.05	$7,287
Jul 2001	175	0	23.93	3.20	$4,188
Jun 2001	332	0	24.56	3.82	$8,154
May 2001	329	0	25.52	4.31	$8,396
Apr 2001	342	0	24.68	5.34	$8,441
Mar 2001	494	0	24.54	5.38	$12,123
Feb 2001	162	0	27.75	5.77	$4,496
Jan 2001	189	0	27.47	8.40	$5,192
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	280	0	32.21	5.66	$9,019
Oct 2000	0	0	31.23	5.15	$0
Sep 2000	294	0	31.87	5.19	$9,370
Aug 2000	307	0	29.64	4.54	$9,099
Jul 2000	313	0	28.53	4.09	$8,930
Jun 2000	262	0	29.30	4.40	$7,677
May 2000	158	0	27.26	3.68	$4,307
Apr 2000	182	0	24.51	3.12	$4,461
Mar 2000	161	0	28.42	2.86	$4,576
Feb 2000	336	0	27.62	2.73	$9,280
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	325	0	23.19	2.43	$7,537
Oct 1999	359	0	20.98	2.80	$7,532
Sep 1999	149	0	21.75	2.62	$3,241
Aug 1999	140	0	19.26	2.88	$2,696
Jul 1999	210	0	17.89	2.37	$3,757
Jun 1999	175	0	15.94	2.36	$2,790
May 1999	0	0	15.79	2.32	$0
Apr 1999	216	0	15.10	2.21	$3,262
Mar 1999	156	0	12.47	1.84	$1,945
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	0	0	10.38	1.90	$0
Dec 1998	82	0	9.20	1.77	$754
Nov 1998	158	0	10.89	2.19	$1,721
Oct 1998	0	0	12.42	1.97	$0
Sep 1998	183	0	12.59	2.08	$2,304
Aug 1998	174	0	11.30	1.91	$1,966
Jul 1998	0	0	11.74	2.24	$0
Jun 1998	0	0	11.24	2.24	$0
May 1998	158	0	12.62	2.21	$1,994
Apr 1998	172	0	13.04	2.51	$2,243
Mar 1998	304	0	12.80	2.31	$3,891
Feb 1998	189	0	13.95	2.30	$2,637
Jan 1998	199	0	14.70	2.15	$2,925
Dec 1997	384	0	16.32	2.41	$6,267
Nov 1997	666	0	18.19	3.09	$12,115
Oct 1997	556	0	19.25	3.15	$10,703
Sep 1997	187	0	17.74	2.95	$3,317
Aug 1997	316	0	17.86	2.55	$5,644
Jul 1997	319	0	17.58	2.25	$5,608
Jun 1997	173	2,236	17.24	2.26	$8,030
May 1997	341	1,421	18.97	2.31	$9,749
Apr 1997	349	423	17.88	2.08	$7,121
Mar 1997	363	0	18.95	1.94	$6,879
Feb 1997	942	2,343	20.49	2.21	$24,470
Jan 1997	524	688	23.48	3.54	$14,739
Dec 1996	1,301	853	23.32	—	$30,339
Nov 1996	542	1,358	21.97	—	$11,908
Oct 1996	559	409	23.31	—	$13,030
Sep 1996	1,111	0	22.22	—	$24,686
Aug 1996	707	0	20.26	—	$14,324
Jul 1996	708	255	19.55	—	$13,841
Jun 1996	833	1,960	18.73	—	$15,602
May 1996	843	1,360	19.43	—	$16,379
Apr 1996	1,063	0	21.51	—	$22,865
Mar 1996	1,239	0	19.38	—	$24,012
Feb 1996	1,032	0	16.98	—	$17,523
Jan 1996	725	10	17.07	—	$12,376
Dec 1995	732	0	17.19	—	$12,583
Nov 1995	1,063	0	16.00	—	$17,008
Oct 1995	1,162	0	15.43	—	$17,930
Sep 1995	972	0	16.18	—	$15,727
Aug 1995	1,043	0	15.92	—	$16,605
Jul 1995	357	0	15.24	—	$5,441

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.

Apr 2025 — as filed, then multipliedworked

Oil                  144 bbl  × $ 62.36 =     $8,980
Casinghead gas         0 Mcf  × $  3.54 =         $0

────────────────────────────────────────────────────
Month total                                   $8,980

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/O/12477 is the state's own key, not one this site invented.