SCHNEIDER (BUDA) UNIT

Operated by MONTARE OPERATING, LTD. (P-5 577015) in the SCHNEIDER (BUDA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 12735District 06Field 81533200OilCasinghead gasSaveExport
Value, all time
$204.6 M
Jan 1993 – May 2026
Value, last 12 filed months
$3.1 M
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 5 leases and 11 wells, and the rule below applies to all of them.

Discovered
1988-02-27
as the register files it
Field class
Oil
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1988-03-01.

The Commission's schedule remark for this field reads: REQUIRED BHP SURVEYS DUE QUARTERLY

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
OilDisposition5,801,797 bbl$192,343,692
Casinghead gasProduction3,732,271 Mcf$12,267,340
Total$204,611,032

1,056,465 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 (7)

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 32.6835, -95.3883. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

32.68344, -95.38836 · 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
28.6%
2 of 7 wells
With a plug date
14.3%
1 of 7 wells
Median depth
9,650 ft
7 wells filed one
Completion to plug
8.3 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
228.6%
A plug date is filed
114.3%
BothOn the schedule and plugged. Neither fact cancels the other.
114.3%
NeitherNo plug date, and not on the schedule.
571.4%

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 8,983 and 11,261 ft, median 9,650 ft, over the 7 wells that filed a depth.

Completions filed
Jul 1988 – Jan 2023
7 of 7 wells
Plug dates filed
Feb 2014
1 of 7 wells; 6 filed none

Last completion to plug: a median of 8.3 years across the 1 well that filed both dates, with the middle half between 8.3 years and 8.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

7 wells

42-4993171258,983 ftJan 2023
42-4993164649,501 ftJul 2013Yes
42-4993162139,725 ftNov 2005Feb 2014Yes
42-49931982711,261 ftOct 2003
42-4993171369,305 ftFeb 1992
42-49931576110,700 ftOct 1990
42-4993160529,650 ftJul 1988

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 20265,6106,974106.413.05$618,202
Apr 20263,7294,11398.932.87$380,713
Mar 20263,4823,54189.753.15$323,662
Feb 20263,1113,54163.503.75$210,828
Jan 20263,5794,43959.138.00$247,129
Dec 20253,7743,81356.664.41$230,663
Nov 20252,3301,73358.593.93$143,319
Oct 20252,5592,31859.383.30$159,614
Sep 20253,0982,58862.743.08$202,332
Aug 20252,6652,82163.933.01$178,878
Jul 20252,3562,50366.743.32$165,537
Jun 20253,0842,69266.483.13$213,447
May 20252,5372,81760.553.23$162,721
Apr 20252,4712,83162.363.54$164,122
Mar 20253,1932,97067.704.27$228,843
Feb 20252,6332,80770.884.34$198,812
Jan 20253,6703,04074.324.28$285,762
Dec 20243,2153,23668.993.12$231,904
Nov 20242,8582,96469.052.20$203,861
Oct 20243,3632,63971.372.28$246,038
Sep 20243,3803,02969.612.36$242,443
Aug 20243,8583,24875.632.06$298,483
Jul 20243,2402,63979.932.15$264,638
Jun 20243,1882,20978.082.63$254,738
May 20243,1492,20178.812.20$253,011
Apr 20242,9861,98884.451.66$255,466
Mar 20242,1411,67880.301.55$174,515
Feb 20242,5571,72976.091.78$197,646
Jan 20241,5951,03073.023.30$119,863
Dec 20232,5811,57971.262.61$188,044
Nov 20232,0401,19177.892.81$162,239
Oct 20233,0552,11785.443.09$267,555
Sep 20232,6761,98189.042.74$243,689
Aug 20233,2822,26880.522.67$270,329
Jul 20233,0962,30674.852.64$237,828
Jun 20232,9781,90468.962.26$209,663
May 20232,8372,20370.622.23$205,256
Apr 20232,7582,18178.122.24$220,336
Mar 20233,1232,25572.852.39$232,907
Feb 20233,0702,06475.112.47$235,677
Jan 20233,1372,44476.533.39$248,354
Dec 20223,0202,10176.415.73$242,795
Nov 20223,0842,36685.005.65$275,499
Oct 20223,3472,52287.185.86$306,580
Sep 20222,3401,77684.888.16$213,118
Aug 20222,3101,52994.529.13$232,297
Jul 20222,8512,111101.587.54$305,526
Jun 20222,6201,954115.097.98$317,123
May 20222,9852,097109.378.43$344,154
Apr 20222,5451,841104.226.84$277,828
Mar 20223,2522,110108.885.08$364,789
Feb 20222,7181,85591.054.86$256,487
Jan 20222,7722,09281.844.54$236,353
Dec 20213,1412,16171.323.90$232,442
Nov 20212,7232,18077.435.24$222,258
Oct 20212,4391,67479.795.71$204,173
Sep 20212,4951,88269.865.35$184,371
Aug 20211,9041,72866.024.22$132,995
Jul 20212,4561,86470.783.98$181,258
Jun 20212,0231,73469.493.38$146,440
May 20212,4171,62263.483.02$158,326
Apr 20212,1791,67860.362.76$136,153
Mar 20212,4291,74861.302.72$153,647
Feb 20211,3341,22757.805.55$83,913
Jan 20212,6611,84550.412.81$139,326
Dec 20201,7941,13444.642.68$83,118
Nov 20202,5711,98838.772.71$105,058
Oct 20201,7251,38936.972.48$67,216
Sep 202096451637.091.99$36,782
Aug 20202,6572,05139.982.39$111,119
Jul 20201,5971,18938.371.83$63,447
Jun 202082550634.901.69$29,648
May 202072614816.921.81$12,553
Apr 20201,06244214.751.80$16,462
Mar 20202,6962,39530.341.86$86,242
Feb 20203,0172,32249.881.98$155,087
Jan 20202,8242,53957.252.09$166,993
Dec 20193,0382,57459.012.30$185,204
Nov 20192,8802,59555.302.75$166,402
Oct 20192,9212,84253.472.42$163,059
Sep 20193,1953,03855.052.66$183,958
Aug 20192,3952,31953.112.30$132,542
Jul 20191,08551056.272.46$62,308
Jun 20191,6521,33952.782.49$90,528
May 20192,0151,73658.482.74$122,594
Apr 20192,6722,20062.632.75$173,399
Mar 20192,5902,45356.803.06$154,623
Feb 20192,0572,10350.852.79$110,470
Jan 20192,6842,29546.033.23$130,953
Dec 20182,6322,42146.594.19$132,758
Nov 20181,6781,50352.934.24$95,185
Oct 20182,3832,19761.443.40$153,877
Sep 20182,3622,37059.543.11$147,999
Aug 20182,7802,61459.403.07$173,148
Jul 20182,3502,53865.142.93$160,520
Jun 20182,6182,31560.183.08$164,674
May 20182,0531,94465.382.90$139,864
Apr 20182,1262,04363.842.90$141,650
Mar 20182,7382,66661.222.79$175,050
Feb 20182,4252,45861.782.77$156,616
Jan 20182,7642,69462.874.01$184,574
Dec 20172,6222,77457.272.92$158,266
Nov 20172,8492,69355.423.12$166,289
Oct 20173,4852,89149.292.98$180,401
Sep 20172,7102,71747.523.09$137,167
Aug 20173,0682,51545.373.00$146,751
Jul 20173,1742,53343.873.09$147,063
Jun 20173,1982,58642.493.09$143,867
May 20173,0232,11345.373.26$144,049
Apr 20173,2322,23847.933.21$162,097
Mar 20173,8932,48046.772.98$189,475
Feb 20172,8392,12050.452.95$149,487
Jan 20173,1032,50149.413.42$161,870
Dec 20163,8022,56548.763.72$194,935
Nov 20162,3801,83742.492.64$105,984
Oct 20162,7431,79146.193.09$132,234
Sep 20163,7562,56141.553.10$164,003
Aug 20163,9122,73441.442.92$170,108
Jul 20162,6991,67441.622.92$117,228
Jun 20163,01750145.352.69$138,167
May 20161,45350142.521.99$62,779
Apr 20161,38944636.561.99$51,670
Mar 20162,35792733.011.79$79,468
Feb 20163,0612,19526.472.06$85,554
Jan 20163,6682,49527.352.36$106,219
Dec 20153,8982,20932.362.00$130,560
Nov 20153,6652,58838.792.17$147,774
Oct 20153,6582,53143.552.43$165,448
Sep 20154,0432,88142.992.76$181,756
Aug 20154,7502,79440.162.87$198,786
Jul 20155,3673,78248.152.95$269,559
Jun 20151,27028856.152.88$72,141
May 20151,289055.212.96$71,166
Apr 20151,333049.822.71$66,410
Mar 20152,25862142.892.93$98,668
Feb 20153,4481,96144.662.98$159,824
Jan 20152,8211,07543.433.10$125,849
Dec 20146,3914,85654.693.59$366,963
Nov 20145,9784,38870.464.25$439,867
Oct 20146,0994,14878.303.90$493,733
Sep 20145,9455,15986.164.05$533,092
Aug 20146,7485,32489.394.04$624,687
Jul 20147,5875,56096.564.18$755,839
Jun 20146,7565,34198.164.74$688,469
May 20147,8185,73094.734.73$767,682
Apr 20147,6645,64195.944.81$762,412
Mar 20145,2672,40095.895.06$517,189
Feb 20145,1513,96697.406.19$526,265
Jan 20145,7904,58790.404.86$545,712
Dec 20136,5895,36091.824.35$628,342
Nov 20136,9145,05288.853.74$633,195
Oct 20138,2435,38497.423.78$823,381
Sep 20134,2282,535104.113.72$449,602
Aug 20135,7973,550104.253.52$616,843
Jul 20136,4064,672102.523.72$674,112
Jun 20136,3704,49794.403.93$619,017
May 20137,3035,19094.834.15$714,077
Apr 20136,5844,36293.964.28$637,313
Mar 20138,7826,25393.623.91$846,638
Feb 20138,6456,47891.233.42$810,838
Jan 20137,0314,97891.603.42$661,064
Dec 20125,6874,03286.773.42$507,251
Nov 20125,7164,73086.953.62$514,152
Oct 20125,8465,19189.383.40$540,163
Sep 20126,5876,32794.672.92$642,056
Aug 20128,4096,18292.662.91$797,156
Jul 20127,3295,33385.133.02$640,028
Jun 20127,5885,03379.822.52$618,352
May 20128,8135,70891.612.49$821,562
Apr 20129,9576,370101.652.00$1,024,849
Mar 20129,7265,370105.052.22$1,033,649
Feb 20127,1914,247101.102.57$737,926
Jan 20129,9956,49098.092.73$998,154
Dec 20119,0245,83996.873.24$893,072
Nov 20119,7626,49295.723.31$955,915
Oct 201110,0177,13684.983.65$877,281
Sep 20119,9516,83483.623.99$859,342
Aug 201110,2937,27983.404.15$888,639
Jul 201110,2687,45894.144.52$1,000,319
Jun 201110,9348,61592.904.64$1,055,741
May 20118,2087,69998.134.40$839,364
Apr 20117,8006,558105.964.33$854,906
Mar 20117,3666,87996.364.06$737,698
Feb 20116,5104,97185.644.18$578,295
Jan 20117,7836,65686.504.59$703,772
Dec 20107,6116,46685.734.35$680,604
Nov 20108,4786,87880.843.80$711,466
Oct 20108,2037,39378.103.51$666,596
Sep 20107,3867,28372.633.98$565,428
Aug 20106,8727,41573.684.42$539,099
Jul 20106,2597,26972.554.74$488,520
Jun 20106,7008,35170.364.91$512,419
May 20107,47010,01071.124.24$573,661
Apr 20108,63110,41581.694.12$748,004
Mar 20107,4898,57278.394.39$624,682
Feb 20107,5159,89873.585.44$606,822
Jan 20108,18511,29574.365.96$676,001
Dec 20097,86911,32871.445.48$624,281
Nov 20099,03011,29574.593.75$715,921
Oct 20097,75910,78372.544.11$607,159
Sep 20098,66012,01165.543.06$604,387
Aug 20098,50111,14567.423.22$609,008
Jul 20098,92411,41461.133.46$585,068
Jun 20095,9768,55966.163.90$428,709
May 20097,4407,60654.743.93$437,125
Apr 20099,23710,63746.773.59$470,175
Mar 200910,80811,47042.144.06$502,006
Feb 20097,0869,64832.814.63$277,191
Jan 20099,63512,27335.865.37$411,429
Dec 200811,72315,67237.105.98$528,597
Nov 20088,52610,17855.496.86$542,932
Oct 20089,54911,67775.246.92$799,295
Sep 200811,10313,491101.767.88$1,236,111
Aug 20087,2608,235114.228.48$899,095
Jul 20088,1999,652131.0811.39$1,184,656
Jun 20087,9478,132131.3313.03$1,149,661
May 20089,61311,023123.1711.57$1,311,617
Apr 20089,80311,180110.3110.45$1,198,254
Mar 20089,69110,244101.909.66$1,086,512
Feb 200810,08811,31092.538.77$1,032,638
Jan 200810,40111,11790.388.21$1,031,265
Dec 20078,0295,97388.337.30$752,816
Nov 200711,3029,38491.677.29$1,104,480
Oct 200711,2889,86282.856.92$1,003,475
Sep 200712,77912,43175.846.24$1,046,781
Aug 200714,79315,14269.066.39$1,118,331
Jul 20079,97310,69870.906.39$775,424
Jun 20078,2597,95062.007.55$572,068
May 200711,36512,08458.747.85$762,395
Apr 20078,9877,85259.617.81$597,002
Mar 20076,1758,65756.927.30$414,694
Feb 200712,25212,48055.108.22$777,621
Jan 200713,62012,20850.306.73$767,207
Dec 200612,71212,82056.656.92$808,829
Nov 200614,92614,06754.207.62$916,144
Oct 200620,75515,18454.906.01$1,230,763
Sep 200613,92310,88360.085.04$891,314
Aug 20069,5827,25568.717.34$711,630
Jul 200610,8327,39369.376.34$798,308
Jun 200611,3307,32266.286.38$797,695
May 200611,7747,93166.016.42$828,158
Apr 200612,1598,83564.397.36$847,948
Mar 200612,8198,73556.707.08$788,707
Feb 200611,6848,12957.597.75$735,890
Jan 200614,44110,78460.598.93$971,317
Dec 200515,01711,43954.9413.42$978,493
Nov 200515,76015,34654.6910.59$1,024,404
Oct 200519,14020,04858.3413.80$1,393,205
Sep 200517,84418,89361.4512.08$1,324,722
Aug 200522,31420,45261.519.80$1,572,899
Jul 200519,28418,68255.697.84$1,220,461
Jun 200517,71219,26452.337.38$1,069,057
May 200521,09319,18845.226.65$1,081,448
Apr 200524,24722,80549.207.36$1,360,808
Mar 200531,71127,89050.377.15$1,796,833
Feb 200516,24216,21145.226.31$836,786
Jan 20056,8268,39743.166.32$347,698
Dec 200411,35810,67339.866.75$524,784
Nov 200411,7819,42745.286.33$593,121
Oct 200410,9799,17149.706.52$605,406
Sep 200412,3238,63343.245.28$578,462
Aug 200412,6657,99342.375.55$580,982
Jul 200413,3707,71738.286.08$558,755
Jun 200416,2039,07736.106.43$643,321
May 200413,9247,90737.486.49$573,224
Apr 200410,4356,51334.475.86$397,851
Mar 200412,0505,70134.365.53$445,565
Feb 200416,7998,62732.455.51$592,659
Jan 200414,9107,71032.036.30$526,138
Dec 200320,89610,68430.266.30$699,640
Nov 200311,5166,65228.804.60$362,228
Oct 20034,9113,31428.174.76$154,116
Sep 200310,2755,66326.314.75$297,231
Aug 20038,6984,81629.765.13$283,557
Jul 20037,5334,26629.415.17$243,604
Jun 200310,5395,72528.565.98$335,246
May 200312,2996,17326.595.97$363,900
Apr 200310,8306,22326.675.41$322,486
Mar 200310,7677,30831.146.10$379,834
Feb 200319,05412,24833.487.93$735,004
Jan 200315,14211,20830.315.58$521,518
Dec 200212,9498,91326.914.85$391,719
Nov 200212,9808,21324.664.14$354,064
Oct 20029,2888,35926.464.23$281,112
Sep 200214,2139,90927.443.64$426,026
Aug 200213,6279,26025.963.16$383,057
Jul 200214,8709,74124.583.06$395,329
Jun 200218,36411,93023.733.34$475,603
May 200219,10512,26424.663.58$515,083
Apr 200220,04111,87623.653.51$515,682
Mar 200225,24713,66522.003.10$597,833
Feb 200224,20114,08818.222.38$474,411
Jan 200231,41617,23817.172.38$580,365
Dec 200124,79814,89116.932.36$455,038
Nov 200127,22116,71118.072.41$532,082
Oct 200127,00616,20119.782.53$575,149
Sep 200127,45117,33524.262.25$704,988
Aug 200119,69615,26424.873.05$536,443
Jul 200116,99314,43723.933.20$452,799
Jun 200125,24216,26324.563.82$682,136
May 200125,18617,82425.524.31$719,520
Apr 200116,14413,34924.685.34$469,655
Mar 200118,47213,46224.545.38$525,681
Feb 200111,3038,09427.755.77$360,337
Jan 200121,26614,26827.478.40$704,011
Dec 200027,51417,46626.889.12$898,910
Nov 200026,78816,45832.215.66$955,961
Oct 200024,26414,79631.235.15$833,898
Sep 200024,97216,21431.875.19$879,952
Aug 200026,98414,28229.644.54$864,657
Jul 200014,8758,54328.534.09$459,322
Jun 20005,8674,14629.304.40$190,134
May 200014,6679,38527.263.68$434,357
Apr 200015,8119,20524.513.12$416,210
Mar 200017,0759,78228.422.86$513,246
Feb 200022,93112,74127.622.73$668,093
Jan 200022,87615,08125.272.48$615,485
Dec 199927,73415,39524.282.42$710,695
Nov 199921,98913,71123.192.43$543,297
Oct 199915,0379,14120.982.80$341,105
Sep 199916,3018,46521.752.62$376,715
Aug 199916,1829,35619.262.88$338,569
Jul 199917,28410,46417.892.37$334,035
Jun 199919,40710,99315.942.36$335,314
May 199919,16615,65015.792.32$338,955
Apr 199920,79212,27215.102.21$341,056
Mar 199918,74515,79812.471.84$262,792
Feb 199927,60320,6919.981.82$313,090
Jan 199930,31718,81210.381.90$350,432
Dec 199830,19518,5699.201.77$310,723
Nov 199829,16117,87910.892.19$356,642
Oct 199827,01916,65412.421.97$368,371
Sep 199830,20318,33312.592.08$418,436
Aug 199831,62920,17511.301.91$395,888
Jul 199833,88221,51211.742.24$445,903
Jun 199830,91218,64611.242.24$389,167
May 199833,85119,53212.622.21$470,294
Apr 199834,76120,60613.042.51$504,908
Mar 199836,11821,31212.802.31$511,529
Feb 199827,97615,87013.952.30$426,752
Jan 199831,30819,16814.702.15$501,531
Dec 199735,48521,24416.322.41$630,337
Nov 199732,07416,75018.193.09$635,154
Oct 199730,20817,36219.253.15$636,191
Sep 199730,88619,35817.742.95$605,118
Aug 199733,90118,55817.862.55$652,883
Jul 199745,04724,90217.582.25$847,880
Jun 199739,17823,52017.242.26$728,518
May 199741,34924,39318.972.31$840,702
Apr 199742,48923,63617.882.08$808,932
Mar 199743,27723,86418.951.94$866,375
Feb 199739,86921,66620.492.21$864,709
Jan 199742,19323,80223.483.54$1,074,944
Dec 199635,64119,29123.32$831,148
Nov 199639,03421,41521.97$857,577
Oct 199641,06923,63523.31$957,318
Sep 199637,37422,28522.22$830,450
Aug 199639,21223,26120.26$794,435
Jul 199640,36323,90919.55$789,097
Jun 199628,90415,79318.73$541,372
May 199638,83622,30619.43$754,583
Apr 199637,69420,31621.51$810,798
Mar 199636,04019,17119.38$698,455
Feb 199632,98917,43616.98$560,153
Jan 199627,35613,05117.07$466,967
Dec 199527,20613,15117.19$467,671
Nov 199526,42313,26616.00$422,768
Oct 199527,01013,75815.43$416,764
Sep 199526,77813,41716.18$433,268
Aug 199526,41213,53715.92$420,479
Jul 199545,60022,40815.24$694,944
Jun 199547,77122,51516.41$783,922
May 199548,47424,06217.56$851,203
Apr 199535,91517,08517.73$636,773
Mar 199533,11115,76116.44$544,345
Feb 199537,27217,04616.58$617,970
Jan 199542,10519,03715.92$670,312
Dec 199444,16520,98815.03$663,800
Nov 199442,31920,88815.90$672,872
Oct 199446,20923,08215.58$719,936
Sep 199440,99021,91415.29$626,737
Aug 199447,84724,63116.13$771,772
Jul 199447,46624,87517.56$833,503
Jun 199445,42123,81217.09$776,245
May 199446,83024,79815.88$743,660
Apr 199432,55716,56514.14$460,356
Mar 199430,80614,31112.46$383,843
Feb 199444,49621,34612.50$556,200
Jan 199453,77425,51512.66$680,779
Dec 199349,81324,05312.33$614,194
Nov 199356,25326,13414.49$815,106
Oct 199358,42727,89715.85$926,068
Sep 199339,19317,19815.03$589,071
Aug 199355,13526,64815.66$863,414
Jul 199351,50223,70515.46$796,221
Jun 199348,15222,13916.79$808,472
May 199372,89235,69317.68$1,288,731
Apr 199382,26239,80718.05$1,484,829
Mar 199379,48527,10718.14$1,441,858
Feb 199379,60536,33417.90$1,424,930
Jan 199387,82640,11316.93$1,486,894

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
Oil                5,610 bbl  × $106.41 =   $596,960
Casinghead gas     6,974 Mcf  × $  3.05 =    $21,242

────────────────────────────────────────────────────
Month total                                 $618,202

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/O/12735 is the state's own key, not one this site invented.