LACO OIL COMPANY, ET AL -D-

Operated by URBAN OIL & GAS GROUP, LLC (P-5 879035) in the OPELIKA field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 988District 05Field 67416001NGPA filingOilCasinghead gasSaveExport
Value, all time
$1.0 M
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 21 leases and 32 wells, and the rule below applies to all of them.

Discovered
1946-05-12
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1986-04-01.

The Commission's schedule remark for this field reads: NET GOR 700 MCF/DAY

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
NGPA5none

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
OilDisposition5,320 bbl$256,726
Casinghead gasProduction224,226 Mcf$764,450
Total$1,021,176

38,744 Mcf of this lease's gas, across 48 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 (5)

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 32.3128, -95.7416. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

32.31316, -95.74175 · 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
80.0%
4 of 5 wells
With a plug date
40.0%
2 of 5 wells
Median depth
8,905 ft
5 wells filed one
Completion to plug
47.3 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
480.0%
A plug date is filed
240.0%
BothOn the schedule and plugged. Neither fact cancels the other.
240.0%
NeitherNo plug date, and not on the schedule.
120.0%

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 8,865 and 9,715 ft, median 8,905 ft, over the 5 wells that filed a depth.

Completions filed
Apr 1947 – Oct 2016
4 of 5 wells; 1 filed none
Plug dates filed
Sep 1996
2 of 5 wells; 3 filed none

Last completion to plug: a median of 47.3 years across the 1 well that filed both dates, with the middle half between 47.3 years and 47.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells

42-2130024738,900 ftSep 1996Yes
42-2130024558,865 ftOct 2016Yes
42-2130024068,932 ftOct 1949Yes
42-2130024648,905 ftMay 1949Sep 1996Yes
42-2130024119,715 ftApr 1947

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 20250060.553.23$0
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 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
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 201740049.413.42$1,976
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 2016043841.553.10$1,358
Aug 2016036341.442.92$1,062
Jul 2016039341.622.92$1,149
Jun 2016035545.352.69$953
May 2016033942.521.99$675
Apr 2016025836.561.99$514
Mar 2016015333.011.79$274
Feb 2016048026.472.06$991
Jan 2016020227.352.36$478
Dec 20150032.362.00$0
Nov 201509138.792.17$197
Oct 2015050343.552.43$1,221
Sep 2015054942.992.76$1,514
Aug 2015064940.162.87$1,864
Jul 2015046348.152.95$1,364
Jun 2015041456.152.88$1,194
May 2015067655.212.96$1,998
Apr 2015062249.822.71$1,683
Mar 2015058742.892.93$1,723
Feb 2015055644.662.98$1,655
Jan 2015043443.433.10$1,346
Dec 2014052754.693.59$1,893
Nov 2014055470.464.25$2,356
Oct 2014056278.303.90$2,192
Sep 2014063286.164.05$2,557
Aug 2014062589.394.04$2,522
Jul 2014047496.564.18$1,981
Jun 2014062898.164.74$2,975
May 2014073794.734.73$3,483
Apr 2014061295.944.81$2,943
Mar 2014056095.895.06$2,832
Feb 201418155697.406.19$21,072
Jan 2014063890.404.86$3,101
Dec 2013060791.824.35$2,643
Nov 2013062188.853.74$2,321
Oct 2013069697.423.78$2,630
Sep 20130622104.113.72$2,312
Aug 2013163756104.253.52$19,656
Jul 20130774102.523.72$2,878
Jun 2013056694.403.93$2,226
May 2013059594.834.15$2,469
Apr 2013060393.964.28$2,582
Mar 2013057893.623.91$2,262
Feb 2013067391.233.42$2,302
Jan 2013054491.603.42$1,860
Dec 2012068786.773.42$2,350
Nov 2012069686.953.62$2,523
Oct 2012068989.383.40$2,342
Sep 2012069694.672.92$2,031
Aug 201218163892.662.91$18,627
Jul 2012065485.133.02$1,976
Jun 2012057579.822.52$1,448
May 2012061691.612.49$1,533
Apr 20120576101.652.00$1,150
Mar 2012178730105.052.22$20,321
Feb 20120786101.102.57$2,020
Jan 2012074198.092.73$2,026
Dec 2011086596.873.24$2,802
Nov 20111801,00295.723.31$20,548
Oct 2011071484.983.65$2,605
Sep 2011080683.623.99$3,213
Aug 2011084283.404.15$3,494
Jul 2011080294.144.52$3,623
Jun 201117970492.904.64$19,896
May 2011062898.134.40$2,766
Apr 20110506105.964.33$2,193
Mar 2011074996.364.06$3,039
Feb 2011066585.644.18$2,780
Jan 2011083186.504.59$3,813
Dec 201018591985.734.35$19,856
Nov 2010084080.843.80$3,188
Oct 2010091778.103.51$3,218
Sep 2010094472.633.98$3,757
Aug 2010090973.684.42$4,017
Jul 2010077572.554.74$3,671
Jun 2010071570.364.91$3,511
May 2010073971.124.24$3,130
Apr 2010075381.694.12$3,104
Mar 201018179378.394.39$17,669
Feb 2010083273.585.44$4,528
Jan 2010062474.365.96$3,722
Dec 200918168971.445.48$16,709
Nov 2009072674.593.75$2,724
Oct 2009074072.544.11$3,042
Sep 2009078865.543.06$2,415
Aug 2009087167.423.22$2,803
Jul 200918383861.133.46$14,090
Jun 2009048466.163.90$1,885
May 200918120054.743.93$10,693
Apr 200918432146.773.59$9,757
Mar 200907742.144.06$313
Feb 2009049332.814.63$2,284
Jan 2009027535.865.37$1,477
Dec 2008038037.105.98$2,271
Nov 2008028155.496.86$1,928
Oct 2008032675.246.92$2,257
Sep 20080326101.767.88$2,568
Aug 20080183114.228.48$1,552
Jul 20080240131.0811.39$2,733
Jun 20080278131.3313.03$3,623
May 2008179349123.1711.57$26,087
Apr 20080351110.3110.45$3,670
Mar 20080417101.909.66$4,030
Feb 2008049692.538.77$4,350
Jan 2008076790.388.21$6,294
Dec 2007057188.337.30$4,169
Nov 2007054491.677.29$3,967
Oct 2007048382.856.92$3,343
Sep 2007038475.846.24$2,398
Aug 2007068769.066.39$4,389
Jul 2007059770.906.39$3,814
Jun 2007046562.007.55$3,510
May 2007053658.747.85$4,206
Apr 2007066159.617.81$5,159
Mar 2007063456.927.30$4,629
Feb 2007035955.108.22$2,950
Jan 2007042850.306.73$2,879
Dec 2006071156.656.92$4,919
Nov 2006063354.207.62$4,822
Oct 2006042254.906.01$2,538
Sep 2006077860.085.04$3,919
Aug 2006061568.717.34$4,514
Jul 2006026769.376.34$1,694
Jun 2006027266.286.38$1,736
May 2006020666.016.42$1,324
Apr 2006015064.397.36$1,104
Mar 2006025056.707.08$1,771
Feb 2006047657.597.75$3,690
Jan 2006072360.598.93$6,459
Dec 2005059154.9413.42$7,929
Nov 2005085954.6910.59$9,095
Oct 2005088158.3413.80$12,154
Sep 200501,03661.4512.08$12,514
Aug 2005085761.519.80$8,396
Jul 200501,47855.697.84$11,593
Jun 200501,36352.337.38$10,060
May 200501,05645.226.65$7,024
Apr 2005066649.207.36$4,902
Mar 200501,63650.377.15$11,705
Feb 2005055945.226.31$3,528
Jan 2005062043.166.32$3,920
Dec 2004069039.866.75$4,658
Nov 2004075445.286.33$4,773
Oct 2004085649.706.52$5,577
Sep 2004061243.245.28$3,234
Aug 2004054842.375.55$3,042
Jul 2004019138.286.08$1,162
Jun 2004019236.106.43$1,235
May 2004038137.486.49$2,474
Apr 2004043034.475.86$2,519
Mar 2004030934.365.53$1,709
Feb 2004018732.455.51$1,030
Jan 2004024132.036.30$1,518
Dec 200317433430.266.30$7,370
Nov 2003020528.804.60$942
Oct 2003018528.174.76$881
Sep 2003019626.314.75$931
Aug 2003026129.765.13$1,339
Jul 2003029429.415.17$1,520
Jun 2003025028.565.98$1,496
May 2003060526.595.97$3,613
Apr 2003073226.675.41$3,958
Mar 2003039831.146.10$2,426
Feb 2003031633.487.93$2,505
Jan 2003052430.315.58$2,925
Dec 2002050026.914.85$2,427
Nov 2002040524.664.14$1,675
Oct 2002054926.464.23$2,322
Sep 2002035427.443.64$1,287
Aug 2002026725.963.16$845
Jul 2002034224.583.06$1,047
Jun 2002036623.733.34$1,222
May 2002033024.663.58$1,183
Apr 2002031723.653.51$1,113
Mar 200217140222.003.10$5,009
Feb 2002040718.222.38$967
Jan 2002036117.172.38$858
Dec 2001067616.932.36$1,598
Nov 2001072518.072.41$1,744
Oct 20019767819.782.53$3,633
Sep 2001099424.262.25$2,238
Aug 2001083524.873.05$2,549
Jul 2001072723.933.20$2,324
Jun 2001079824.563.82$3,052
May 2001079025.524.31$3,403
Apr 2001058624.685.34$3,127
Mar 2001070324.545.38$3,780
Feb 200117553927.755.77$7,965
Jan 2001070527.478.40$5,921
Dec 2000093926.889.12$8,566
Nov 200002,03432.215.66$11,508
Oct 200001,52631.235.15$7,852
Sep 200001,32831.875.19$6,888
Aug 200001,44929.644.54$6,580
Jul 20001691,64328.534.09$11,541
Jun 200001,84329.304.40$8,104
May 200001,30227.263.68$4,791
Apr 200001,17224.513.12$3,652
Mar 200001,09128.422.86$3,120
Feb 200001,50127.622.73$4,092
Jan 200001,63625.272.48$4,058
Dec 199901,54124.282.42$3,735
Nov 199901,41023.192.43$3,432
Oct 199901,44420.982.80$4,049
Sep 199901,80421.752.62$4,724
Aug 199902,11819.262.88$6,091
Jul 19991751,36617.892.37$6,371
Jun 199901,56115.942.36$3,687
May 199901,63215.792.32$3,788
Apr 199901,29315.102.21$2,855
Mar 199901,58812.471.84$2,919
Feb 199901,1009.981.82$2,000
Jan 19991811,77610.381.90$5,253
Dec 199802,8719.201.77$5,091
Nov 199801,43910.892.19$3,145
Oct 199801,47912.421.97$2,912
Sep 199801,50112.592.08$3,126
Aug 199801,94511.301.91$3,710
Jul 199802,68811.742.24$6,014
Jun 199802,53111.242.24$5,663
May 199803,43312.622.21$7,574
Apr 199802,85813.042.51$7,160
Mar 199801,61612.802.31$3,732
Feb 19981702,49213.952.30$8,101
Jan 199801,69014.702.15$3,642
Dec 199702,27916.322.41$5,495
Nov 199701,50918.193.09$4,660
Oct 199701,74219.253.15$5,487
Sep 199701,37217.742.95$4,054
Aug 199702,33617.862.55$5,968
Jul 199717688117.582.25$5,074
Jun 199701,76217.242.26$3,977
May 1997076618.972.31$1,768
Apr 1997095217.882.08$1,983
Mar 1997062718.951.94$1,216
Feb 1997049120.492.21$1,083
Jan 199717250523.483.54$5,826
Dec 1996055323.32$0
Nov 1996044821.97$0
Oct 1996060523.31$0
Sep 1996042222.22$0
Aug 1996053120.26$0
Jul 1996064319.55$0
Jun 199616553318.73$3,090
May 1996065719.43$0
Apr 1996050021.51$0
Mar 1996050519.38$0
Feb 1996059016.98$0
Jan 199616555117.07$2,817
Dec 1995058017.19$0
Nov 1995060516.00$0
Oct 1995078815.43$0
Sep 1995077016.18$0
Aug 199517684415.92$2,802
Jul 1995068315.24$0
Jun 1995064616.41$0
May 1995092717.56$0
Apr 1995070217.73$0
Mar 1995074016.44$0
Feb 1995066916.58$0
Jan 199516966715.92$2,690
Dec 1994066515.03$0
Nov 1994067215.90$0
Oct 1994069015.58$0
Sep 1994057915.29$0
Aug 199414083516.13$2,258
Jul 1994090017.56$0
Jun 1994087617.09$0
May 199401,05315.88$0
Apr 1994083314.14$0
Mar 199414769512.46$1,832
Feb 1994036412.50$0
Jan 1994057312.66$0
Dec 1993049512.33$0
Nov 199301,02614.49$0
Oct 199316784815.85$2,647
Sep 199302,09915.03$0
Aug 199301,48715.66$0
Jul 199301,51615.46$0
Jun 199301,25716.79$0
May 199301,31517.68$0
Apr 19931551,20018.05$2,798
Mar 199301,45518.14$0
Feb 1993096717.90$0
Jan 199301,18516.93$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.

Jan 2017 — as filed, then multipliedworked
Oil                   40 bbl  × $ 49.41 =     $1,976
Casinghead gas         0 Mcf  × $  3.42 =         $0

────────────────────────────────────────────────────
Month total                                   $1,976

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/988 is the state's own key, not one this site invented.