PEGGY UNIT

Operated by SOUTHWEST OPERATING, INC.-TYLER (P-5 806415) in the CHENEYBORO (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 2273District 05Field 17427500NGPA filingOilCasinghead gasSaveExport
Value, all time
$975 k
Jan 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
oil, casinghead 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 98 leases and 104 wells, and the rule below applies to all of them.

Discovered
1978-02-13
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 2013-05-07.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA REMAINS 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
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
OilDisposition13,081 bbl$545,696
Casinghead gasProduction99,644 Mcf$429,784
Total$975,480

7,132 Mcf of this lease's gas, across 6 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 (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 31.9979, -96.2983. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.99788, -96.29835 · 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
9,780 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 9,780 ft.

Completions filed
Feb 1981
1 of 1 wells

1 well

42-3493134119,780 ftFeb 1981

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 (401)

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

401 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 2025115060.553.23$6,963
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 20221910104.226.84$19,906
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 2021180077.435.24$13,937
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 2016186048.763.72$9,069
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 2016179033.011.79$5,909
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 2015185049.822.71$9,217
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 2014188098.164.74$18,454
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 2013182091.824.35$16,711
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 2013188093.964.28$17,664
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 2012181085.133.02$15,409
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201217912101.102.57$18,128
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 2011184098.134.40$18,056
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 2010182070.364.91$12,806
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 2009169067.423.22$11,394
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20081897837.105.98$7,478
Nov 2008032155.496.86$2,202
Oct 2008051175.246.92$3,537
Sep 20080378101.767.88$2,978
Aug 2008189458114.228.48$25,473
Jul 20080451131.0811.39$5,137
Jun 20080370131.3313.03$4,822
May 20080382123.1711.57$4,421
Apr 2008178539110.3110.45$25,270
Mar 20080582101.909.66$5,624
Feb 2008043192.538.77$3,780
Jan 200818443990.388.21$20,232
Dec 2007045088.337.30$3,286
Nov 2007088491.677.29$6,446
Oct 200717916582.856.92$15,972
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 2007186058.747.85$10,926
Apr 200703859.617.81$297
Mar 2007045656.927.30$3,330
Feb 200718124855.108.22$12,011
Jan 200718543750.306.73$12,245
Dec 2006015456.656.92$1,065
Nov 2006042254.207.62$3,215
Oct 2006055154.906.01$3,314
Sep 2006046560.085.04$2,342
Aug 20061881,07468.717.34$20,801
Jul 2006040969.376.34$2,594
Jun 200618435666.286.38$14,468
May 2006017566.016.42$1,124
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 2006019057.597.75$1,473
Jan 200618413160.598.93$12,319
Dec 2005024454.9413.42$3,273
Nov 200517722554.6910.59$12,063
Oct 2005073958.3413.80$10,195
Sep 200518164961.4512.08$18,962
Aug 20050061.519.80$0
Jul 2005061855.697.84$4,847
Jun 200518544252.337.38$12,943
May 2005038945.226.65$2,587
Apr 2005043549.207.36$3,202
Mar 2005066750.377.15$4,772
Feb 2005067045.226.31$4,229
Jan 20050043.166.32$0
Dec 200418357939.866.75$11,203
Nov 2004057945.286.33$3,665
Oct 2004090849.706.52$5,916
Sep 2004041943.245.28$2,214
Aug 2004061242.375.55$3,397
Jul 200417396538.286.08$12,494
Jun 20041781,47136.106.43$15,889
May 200402,87337.486.49$18,659
Apr 2004052234.475.86$3,058
Mar 2004027134.365.53$1,499
Feb 2004012932.455.51$711
Jan 2004013532.036.30$850
Dec 2003078830.266.30$4,966
Nov 200301,01528.804.60$4,664
Oct 200317227128.174.76$6,135
Sep 2003044126.314.75$2,094
Aug 200301,13229.765.13$5,807
Jul 2003085329.415.17$4,411
Jun 2003097028.565.98$5,803
May 20031851,04726.595.97$11,173
Apr 200318074326.675.41$8,818
Mar 200318960731.146.10$9,586
Feb 2003054433.487.93$4,312
Jan 2003047330.315.58$2,640
Dec 20021681026.914.85$4,569
Nov 20021741,08824.664.14$8,792
Oct 200201,30326.464.23$5,511
Sep 200201,90427.443.64$6,921
Aug 2002084125.963.16$2,661
Jul 2002094924.583.06$2,906
Jun 20021781,10323.733.34$7,906
May 20020024.663.58$0
Apr 200201,64323.653.51$5,771
Mar 200218755022.003.10$5,821
Feb 200218751018.222.38$4,619
Jan 2002051717.172.38$1,228
Dec 200118195116.932.36$5,313
Nov 200118695118.072.41$5,649
Oct 200101,40519.782.53$3,553
Sep 200118377824.262.25$6,191
Aug 2001077824.873.05$2,375
Jul 20010023.933.20$0
Jun 200103624.563.82$138
May 200104525.524.31$194
Apr 200101,20024.685.34$6,402
Mar 2001018224.545.38$979
Feb 2001020027.755.77$1,153
Jan 2001186227.478.40$5,126
Dec 2000027926.889.12$2,545
Nov 200001,99832.215.66$11,305
Oct 2000072531.235.15$3,730
Sep 20001831,89431.875.19$15,655
Aug 200002,07729.644.54$9,431
Jul 20001751,33228.534.09$10,440
Jun 200007229.304.40$317
May 200001,21327.263.68$4,464
Apr 2000078424.513.12$2,443
Mar 20000028.422.86$0
Feb 20007027.622.73$193
Jan 200008725.272.48$216
Dec 199919385024.282.42$6,746
Nov 199919363023.192.43$6,009
Oct 19991791,80420.982.80$8,813
Sep 19991891,68321.752.62$8,518
Aug 19991871,80619.262.88$8,795
Jul 19991791,34217.892.37$6,386
Jun 19991811,10015.942.36$5,483
May 199901,03815.792.32$2,409
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 19980809.201.77$142
Nov 1998083810.892.19$1,832
Oct 199812271712.421.97$2,927
Sep 199817175612.592.08$3,727
Aug 1998040611.301.91$774
Jul 199814361911.742.24$3,064
Jun 1998086011.242.24$1,924
May 1998097812.622.21$2,158
Apr 199811472713.042.51$3,308
Mar 199837258812.802.31$6,120
Feb 199819932413.952.30$3,521
Jan 1998013414.702.15$289
Dec 1997011916.322.41$287
Nov 199717955318.193.09$4,964
Oct 199701,33919.253.15$4,218
Sep 19973771,33917.742.95$10,645
Aug 199701,21217.862.55$3,096
Jul 199702,07817.582.25$4,669
Jun 1997037017.242.26$835
May 1997063618.972.31$1,468
Apr 19971831,34717.882.08$6,078
Mar 19971931,02718.951.94$5,649
Feb 19971831,41020.492.21$6,860
Jan 199701,41323.483.54$5,002
Dec 1996893,13923.32$2,075
Nov 19963221,75921.97$7,074
Oct 199601,43423.31$0
Sep 199632561522.22$7,222
Aug 1996141020.26$2,857
Jul 1996133019.55$2,600
Jun 19960018.73$0
May 19960019.43$0
Apr 19960021.51$0
Mar 19960019.38$0
Feb 19960016.98$0
Jan 19960017.07$0
Dec 19950017.19$0
Nov 19950016.00$0
Oct 19950015.43$0
Sep 19950016.18$0
Aug 19950015.92$0
Jul 19950015.24$0
Jun 19950016.41$0
May 19950017.56$0
Apr 19950017.73$0
Mar 19950016.44$0
Feb 19950016.58$0
Jan 19950015.92$0
Dec 19940015.03$0
Nov 1994183015.90$2,910
Oct 19940115.58$0
Sep 1994018415.29$0
Aug 19940016.13$0
Jul 19940017.56$0
Jun 19940017.09$0
May 19940015.88$0
Apr 19940014.14$0
Mar 19940012.46$0
Feb 19940012.50$0
Jan 19940012.66$0
Dec 19930012.33$0
Nov 19930014.49$0
Oct 19930015.85$0
Sep 19930015.03$0
Aug 19930015.66$0
Jul 19930015.46$0
Jun 19930016.79$0
May 19930017.68$0
Apr 199337018.05$668
Mar 19930018.14$0
Feb 19930017.90$0
Jan 19930016.93$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 2025 — as filed, then multipliedworked
Oil                  115 bbl  × $ 60.55 =     $6,963
Casinghead gas         0 Mcf  × $  3.23 =         $0

────────────────────────────────────────────────────
Month total                                   $6,963

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. 05/O/2273 is the state's own key, not one this site invented.