ODOM, JR GU 1

Name: ODOM, JR GU 1 lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by FAULCONER ENERGY, LLC (P-5 263648) in the OVERTON (COTTON VALLEY SAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 97658District 06Field 67849150NGPA filingCondensateGasSave Export

Value, all time

$1.4 M

Jan 1993 – Sep 2021

Value, last 12 filed months

$5 k

at the published price for each month

Months reported

345

no gaps in the span

Streams

condensate, gas

The OVERTON (COTTON VALLEY SAND) 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 702 leases and 702 wells, and the rule below applies to all of them.

Discovered

1977-02-23

as the register files it

Field class

Oil and gas

the register's own label

Between wells

600 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 2014-03-25.

The Commission's schedule remark for this field reads: “DESIGNATED AS UFT FIELD PER DOCKET 01-0299858”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	5,154 bbl	$194,369
Gas	Production	414,602 Mcf	$1,240,604
Total			$1,434,973

123,024 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 (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 32.1396, -95.1456. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.13960, -95.14562 · 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

100.0%

1 of 1 wells

With a plug date

0.0%

0 of 1 wells

Median depth

13,000 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

1100.0%

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.

00.0%

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 13,000 ft.

Completions filed

Sep 2021

1 of 1 wells

1 well


42-42330461	1	13,000 ft	Sep 2021	—	Yes

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 (345)

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

345 months


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	65	0	69.49	3.38	$4,517
May 2021	0	0	63.48	3.02	$0
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	0	0	59.01	2.30	$0
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	0	0	65.14	2.93	$0
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	112	0	42.49	3.09	$4,759
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	500	48.76	3.72	$1,861
Nov 2016	0	734	42.49	2.64	$1,941
Oct 2016	0	711	46.19	3.09	$2,197
Sep 2016	0	755	41.55	3.10	$2,341
Aug 2016	0	757	41.44	2.92	$2,214
Jul 2016	0	716	41.62	2.92	$2,094
Jun 2016	0	768	45.35	2.69	$2,063
May 2016	0	853	42.52	1.99	$1,698
Apr 2016	0	828	36.56	1.99	$1,649
Mar 2016	0	584	33.01	1.79	$1,048
Feb 2016	0	868	26.47	2.06	$1,791
Jan 2016	0	1,114	27.35	2.36	$2,634
Dec 2015	0	1,141	32.36	2.00	$2,284
Nov 2015	0	1,083	38.79	2.17	$2,347
Oct 2015	0	1,137	43.55	2.43	$2,759
Sep 2015	0	1,233	42.99	2.76	$3,401
Aug 2015	0	1,444	40.16	2.87	$4,148
Jul 2015	0	1,515	48.15	2.95	$4,462
Jun 2015	0	1,441	56.15	2.88	$4,154
May 2015	0	1,434	55.21	2.96	$4,238
Apr 2015	0	1,290	49.82	2.71	$3,491
Mar 2015	0	1,392	42.89	2.93	$4,085
Feb 2015	0	1,052	44.66	2.98	$3,131
Jan 2015	1	1,238	43.43	3.10	$3,882
Dec 2014	0	1,513	54.69	3.59	$5,434
Nov 2014	0	1,484	70.46	4.25	$6,310
Oct 2014	0	1,413	78.30	3.90	$5,512
Sep 2014	0	1,377	86.16	4.05	$5,571
Aug 2014	1	1,455	89.39	4.04	$5,960
Jul 2014	0	1,360	96.56	4.18	$5,684
Jun 2014	0	1,479	98.16	4.74	$7,006
May 2014	0	1,483	94.73	4.73	$7,009
Apr 2014	0	1,752	95.94	4.81	$8,426
Mar 2014	101	1,601	95.89	5.06	$17,781
Feb 2014	0	1,681	97.40	6.19	$10,409
Jan 2014	0	2,058	90.40	4.86	$10,003
Dec 2013	0	2,172	91.82	4.35	$9,458
Nov 2013	0	2,252	88.85	3.74	$8,419
Oct 2013	1	2,487	97.42	3.78	$9,497
Sep 2013	0	2,489	104.11	3.72	$9,253
Aug 2013	0	2,634	104.25	3.52	$9,279
Jul 2013	0	1,263	102.52	3.72	$4,696
Jun 2013	0	581	94.40	3.93	$2,285
May 2013	0	592	94.83	4.15	$2,456
Apr 2013	0	603	93.96	4.28	$2,582
Mar 2013	0	557	93.62	3.91	$2,179
Feb 2013	0	510	91.23	3.42	$1,744
Jan 2013	0	568	91.60	3.42	$1,943
Dec 2012	0	562	86.77	3.42	$1,922
Nov 2012	0	636	86.95	3.62	$2,305
Oct 2012	0	1,673	89.38	3.40	$5,688
Sep 2012	0	1,635	94.67	2.92	$4,772
Aug 2012	0	956	92.66	2.91	$2,780
Jul 2012	0	479	85.13	3.02	$1,447
Jun 2012	20	471	79.82	2.52	$2,783
May 2012	61	547	91.61	2.49	$6,949
Apr 2012	0	643	101.65	2.00	$1,284
Mar 2012	0	540	105.05	2.22	$1,200
Feb 2012	64	473	101.10	2.57	$7,686
Jan 2012	83	546	98.09	2.73	$9,634
Dec 2011	0	616	96.87	3.24	$1,996
Nov 2011	75	589	95.72	3.31	$9,129
Oct 2011	0	619	84.98	3.65	$2,258
Sep 2011	65	597	83.62	3.99	$7,815
Aug 2011	0	513	83.40	4.15	$2,129
Jul 2011	0	528	94.14	4.52	$2,385
Jun 2011	0	556	92.90	4.64	$2,580
May 2011	49	594	98.13	4.40	$7,425
Apr 2011	0	485	105.96	4.33	$2,102
Mar 2011	0	605	96.36	4.06	$2,455
Feb 2011	50	572	85.64	4.18	$6,673
Jan 2011	0	715	86.50	4.59	$3,281
Dec 2010	39	672	85.73	4.35	$6,265
Nov 2010	0	696	80.84	3.80	$2,642
Oct 2010	64	726	78.10	3.51	$7,546
Sep 2010	0	647	72.63	3.98	$2,575
Aug 2010	0	799	73.68	4.42	$3,531
Jul 2010	50	800	72.55	4.74	$7,417
Jun 2010	0	777	70.36	4.91	$3,815
May 2010	0	1,167	71.12	4.24	$4,943
Apr 2010	51	735	81.69	4.12	$7,196
Mar 2010	0	1,708	78.39	4.39	$7,496
Feb 2010	33	707	73.58	5.44	$6,276
Jan 2010	0	728	74.36	5.96	$4,342
Dec 2009	0	702	71.44	5.48	$3,850
Nov 2009	0	752	74.59	3.75	$2,821
Oct 2009	37	811	72.54	4.11	$6,017
Sep 2009	0	715	65.54	3.06	$2,191
Aug 2009	0	754	67.42	3.22	$2,427
Jul 2009	0	789	61.13	3.46	$2,733
Jun 2009	95	771	66.16	3.90	$9,288
May 2009	0	817	54.74	3.93	$3,207
Apr 2009	14	654	46.77	3.59	$3,001
Mar 2009	0	771	42.14	4.06	$3,129
Feb 2009	87	744	32.81	4.63	$6,301
Jan 2009	0	875	35.86	5.37	$4,700
Dec 2008	62	938	37.10	5.98	$7,907
Nov 2008	0	513	55.49	6.86	$3,519
Oct 2008	0	779	75.24	6.92	$5,392
Sep 2008	0	692	101.76	7.88	$5,451
Aug 2008	0	886	114.22	8.48	$7,516
Jul 2008	0	909	131.08	11.39	$10,353
Jun 2008	0	730	131.33	13.03	$9,514
May 2008	0	740	123.17	11.57	$8,565
Apr 2008	0	640	110.31	10.45	$6,691
Mar 2008	0	649	101.90	9.66	$6,272
Feb 2008	0	751	92.53	8.77	$6,587
Jan 2008	0	783	90.38	8.21	$6,425
Dec 2007	0	919	88.33	7.30	$6,711
Nov 2007	0	1,143	91.67	7.29	$8,334
Oct 2007	0	26	82.85	6.92	$180
Sep 2007	57	606	75.84	6.24	$8,107
Aug 2007	0	751	69.06	6.39	$4,797
Jul 2007	0	697	70.90	6.39	$4,452
Jun 2007	0	727	62.00	7.55	$5,488
May 2007	36	852	58.74	7.85	$8,800
Apr 2007	0	1,767	59.61	7.81	$13,792
Mar 2007	0	885	56.92	7.30	$6,462
Feb 2007	65	1,358	55.10	8.22	$14,739
Jan 2007	0	1,452	50.30	6.73	$9,767
Dec 2006	0	1,092	56.65	6.92	$7,555
Nov 2006	0	1,681	54.20	7.62	$12,805
Oct 2006	0	532	54.90	6.01	$3,199
Sep 2006	60	1,099	60.08	5.04	$9,141
Aug 2006	0	1,041	68.71	7.34	$7,641
Jul 2006	0	1,353	69.37	6.34	$8,582
Jun 2006	0	1,017	66.28	6.38	$6,492
May 2006	0	1,040	66.01	6.42	$6,682
Apr 2006	181	948	64.39	7.36	$18,632
Mar 2006	1	770	56.70	7.08	$5,511
Feb 2006	0	775	57.59	7.75	$6,007
Jan 2006	23	823	60.59	8.93	$8,746
Dec 2005	1	824	54.94	13.42	$11,109
Nov 2005	1	1,062	54.69	10.59	$11,300
Oct 2005	1	964	58.34	13.80	$13,357
Sep 2005	1	1,244	61.45	12.08	$15,088
Aug 2005	22	850	61.51	9.80	$9,681
Jul 2005	1	850	55.69	7.84	$6,723
Jun 2005	21	1,068	52.33	7.38	$8,982
May 2005	1	893	45.22	6.65	$5,985
Apr 2005	20	855	49.20	7.36	$7,277
Mar 2005	18	908	50.37	7.15	$7,403
Feb 2005	9	502	45.22	6.31	$3,576
Jan 2005	20	818	43.16	6.32	$6,035
Dec 2004	0	746	39.86	6.75	$5,036
Nov 2004	30	1,002	45.28	6.33	$7,701
Oct 2004	0	849	49.70	6.52	$5,531
Sep 2004	12	768	43.24	5.28	$4,577
Aug 2004	11	763	42.37	5.55	$4,701
Jul 2004	0	942	38.28	6.08	$5,731
Jun 2004	19	871	36.10	6.43	$6,289
May 2004	1	785	37.48	6.49	$5,136
Apr 2004	36	860	34.47	5.86	$6,279
Mar 2004	5	774	34.36	5.53	$4,452
Feb 2004	0	669	32.45	5.51	$3,686
Jan 2004	13	810	32.03	6.30	$5,519
Dec 2003	1	924	30.26	6.30	$5,853
Nov 2003	17	789	28.80	4.60	$4,115
Oct 2003	23	1,023	28.17	4.76	$5,517
Sep 2003	1	1,147	26.31	4.75	$5,474
Aug 2003	19	1,055	29.76	5.13	$5,977
Jul 2003	19	1,268	29.41	5.17	$7,115
Jun 2003	19	1,149	28.56	5.98	$7,417
May 2003	20	1,286	26.59	5.97	$8,213
Apr 2003	20	1,386	26.67	5.41	$8,028
Mar 2003	19	750	31.14	6.10	$5,164
Feb 2003	0	757	33.48	7.93	$6,000
Jan 2003	19	963	30.31	5.58	$5,951
Dec 2002	16	949	26.91	4.85	$5,037
Nov 2002	1	1,340	24.66	4.14	$5,568
Oct 2002	21	1,487	26.46	4.23	$6,844
Sep 2002	1	1,337	27.44	3.64	$4,888
Aug 2002	16	1,668	25.96	3.16	$5,693
Jul 2002	23	1,884	24.58	3.06	$6,334
Jun 2002	21	1,725	23.73	3.34	$6,257
May 2002	23	1,971	24.66	3.58	$7,631
Apr 2002	1	1,791	23.65	3.51	$6,314
Mar 2002	52	2,051	22.00	3.10	$7,508
Feb 2002	2	1,720	18.22	2.38	$4,123
Jan 2002	28	2,221	17.17	2.38	$5,757
Dec 2001	28	1,959	16.93	2.36	$5,106
Nov 2001	2	2,045	18.07	2.41	$4,955
Oct 2001	32	2,188	19.78	2.53	$6,166
Sep 2001	31	2,383	24.26	2.25	$6,117
Aug 2001	10	1,978	24.87	3.05	$6,288
Jul 2001	24	2,063	23.93	3.20	$7,170
Jun 2001	12	2,039	24.56	3.82	$8,092
May 2001	42	2,592	25.52	4.31	$12,236
Apr 2001	7	2,231	24.68	5.34	$12,076
Mar 2001	32	2,781	24.54	5.38	$15,737
Feb 2001	4	2,676	27.75	5.77	$15,544
Jan 2001	9	1,404	27.47	8.40	$12,039
Dec 2000	9	1,750	26.88	9.12	$16,206
Nov 2000	9	1,871	32.21	5.66	$10,876
Oct 2000	3	1,217	31.23	5.15	$6,356
Sep 2000	10	769	31.87	5.19	$4,307
Aug 2000	12	1,740	29.64	4.54	$8,257
Jul 2000	15	1,447	28.53	4.09	$6,346
Jun 2000	16	1,603	29.30	4.40	$7,518
May 2000	25	1,695	27.26	3.68	$6,919
Apr 2000	24	1,755	24.51	3.12	$6,057
Mar 2000	26	1,799	28.42	2.86	$5,884
Feb 2000	26	1,785	27.62	2.73	$5,585
Jan 2000	26	1,944	25.27	2.48	$5,479
Dec 1999	47	2,019	24.28	2.42	$6,035
Nov 1999	36	1,460	23.19	2.43	$4,388
Oct 1999	26	1,846	20.98	2.80	$5,721
Sep 1999	39	1,673	21.75	2.62	$5,230
Aug 1999	20	1,520	19.26	2.88	$4,756
Jul 1999	25	1,625	17.89	2.37	$4,302
Jun 1999	26	1,759	15.94	2.36	$4,569
May 1999	27	1,980	15.79	2.32	$5,022
Apr 1999	27	1,730	15.10	2.21	$4,228
Mar 1999	25	1,939	12.47	1.84	$3,876
Feb 1999	28	1,926	9.98	1.82	$3,781
Jan 1999	24	1,835	10.38	1.90	$3,736
Dec 1998	25	1,664	9.20	1.77	$3,181
Nov 1998	26	1,901	10.89	2.19	$4,438
Oct 1998	36	1,805	12.42	1.97	$4,002
Sep 1998	9	1,752	12.59	2.08	$3,762
Aug 1998	24	1,883	11.30	1.91	$3,863
Jul 1998	34	1,691	11.74	2.24	$4,182
Jun 1998	23	1,658	11.24	2.24	$3,968
May 1998	23	1,610	12.62	2.21	$3,842
Apr 1998	40	1,554	13.04	2.51	$4,415
Mar 1998	25	1,895	12.80	2.31	$4,696
Feb 1998	23	1,575	13.95	2.30	$3,942
Jan 1998	33	1,561	14.70	2.15	$3,849
Dec 1997	22	1,256	16.32	2.41	$3,387
Nov 1997	42	2,001	18.19	3.09	$6,944
Oct 1997	36	1,708	19.25	3.15	$6,073
Sep 1997	22	1,939	17.74	2.95	$6,120
Aug 1997	37	2,090	17.86	2.55	$6,000
Jul 1997	20	1,977	17.58	2.25	$4,794
Jun 1997	6	2,002	17.24	2.26	$4,622
May 1997	22	1,912	18.97	2.31	$4,831
Apr 1997	19	1,870	17.88	2.08	$4,235
Mar 1997	23	2,070	18.95	1.94	$4,450
Feb 1997	36	1,804	20.49	2.21	$4,717
Jan 1997	27	2,273	23.48	3.54	$8,680
Dec 1996	37	2,391	23.32	—	$863
Nov 1996	22	2,141	21.97	—	$483
Oct 1996	24	2,094	23.31	—	$559
Sep 1996	23	1,977	22.22	—	$511
Aug 1996	35	2,350	20.26	—	$709
Jul 1996	23	2,149	19.55	—	$450
Jun 1996	36	2,152	18.73	—	$674
May 1996	20	2,275	19.43	—	$389
Apr 1996	40	2,372	21.51	—	$860
Mar 1996	29	2,011	19.38	—	$562
Feb 1996	24	2,644	16.98	—	$408
Jan 1996	49	2,712	17.07	—	$836
Dec 1995	20	2,041	17.19	—	$344
Nov 1995	17	1,241	16.00	—	$272
Oct 1995	25	2,585	15.43	—	$386
Sep 1995	26	2,493	16.18	—	$421
Aug 1995	21	2,215	15.92	—	$334
Jul 1995	22	2,007	15.24	—	$335
Jun 1995	23	2,337	16.41	—	$377
May 1995	23	2,294	17.56	—	$404
Apr 1995	21	1,916	17.73	—	$372
Mar 1995	22	2,200	16.44	—	$362
Feb 1995	25	2,198	16.58	—	$415
Jan 1995	36	2,820	15.92	—	$573
Dec 1994	20	1,860	15.03	—	$301
Nov 1994	23	2,148	15.90	—	$366
Oct 1994	23	2,473	15.58	—	$358
Sep 1994	22	2,409	15.29	—	$336
Aug 1994	33	2,449	16.13	—	$532
Jul 1994	23	2,357	17.56	—	$404
Jun 1994	25	2,727	17.09	—	$427
May 1994	38	2,829	15.88	—	$603
Apr 1994	26	3,262	14.14	—	$368
Mar 1994	48	3,031	12.46	—	$598
Feb 1994	22	1,922	12.50	—	$275
Jan 1994	34	3,662	12.66	—	$430
Dec 1993	50	3,105	12.33	—	$617
Nov 1993	22	2,849	14.49	—	$319
Oct 1993	35	3,052	15.85	—	$555
Sep 1993	35	2,991	15.03	—	$526
Aug 1993	32	2,692	15.66	—	$501
Jul 1993	47	3,852	15.46	—	$727
Jun 1993	32	4,200	16.79	—	$537
May 1993	34	3,100	17.68	—	$601
Apr 1993	29	2,578	18.05	—	$523
Mar 1993	45	3,261	18.14	—	$816
Feb 1993	34	3,163	17.90	—	$609
Jan 1993	34	3,437	16.93	—	$576

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.

Jun 2021 — as filed, then multipliedworked

Condensate            65 bbl  × $ 69.49 =     $4,517
Gas                    0 Mcf  × $  3.38 =         $0

────────────────────────────────────────────────────
Month total                                   $4,517

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. 06/G/97658 is the state's own key, not one this site invented.