NEW HOPE UNIT

Operated by J.P. OIL COMPANY, INC. (P-5 427858) in the NEW HOPE (ELLEDGE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 5897District 06Field 65157300OilCasinghead gasSave
Value, all time
$68.6 M
Jan 1993 – May 2026
Value, last 12 filed months
$1.9 M
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
oil, casinghead gas

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
OilDisposition1,080,542 bbl$59,962,065
Casinghead gasProduction2,528,030 Mcf$8,682,799
Total$68,644,863

449,333 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 (18)

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 33.0324, -95.1857. A lease has no coordinate of its own — that point is the mean of its wells, and they span 2.9 miles. 1 well has no surveyed location and is left out of it.

33.03252, -95.18293 · centre of 17 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
22.2%
4 of 18 wells
With a plug date
11.1%
2 of 18 wells
Median depth
8,953 ft
18 wells filed one
Completion to plug
5.9 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
422.2%
A plug date is filed
211.1%
BothOn the schedule and plugged. Neither fact cancels the other.
211.1%
NeitherNo plug date, and not on the schedule.
1477.8%

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

0k
2k
4k
6k
8k
10k
12k
15k
20k+

Total depth in feet, 18 of 18 wells. Median 8,953 ft, with the middle half between 8,252 and 9,647 ft; the shallowest is 8,190 ft and the deepest 12,583 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

40s
50s
60s
70s
80s
90s
00s
10s
20s

Last completion by decade, 17 of 18 wells, Feb 1944 – Aug 2022. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Feb 1944 – Aug 2022
17 of 18 wells; 1 filed none
Plug dates filed
Jan 2022 – Feb 2022
2 of 18 wells; 16 filed none

Last completion to plug: a median of 5.9 years across the 2 wells that filed both dates, with the middle half between 4.8 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.

18 wells

42-1598013225018,190 ftYes
42-1593054616058,950 ftAug 2022
42-1593053815028,965 ftJun 2022
42-159005436728,247 ftJul 2018Feb 2022Yes
42-15900504210312,445 ftJan 2018
42-1593024062210,520 ftFeb 2017
42-1593048922028,350 ftJan 2016
42-159005419312,583 ftDec 2015
42-159005496818,265 ftDec 2014
42-159304861638,290 ftNov 2014
42-1590050230312,406 ftOct 2013Jan 2022Yes
42-1593054468029,000 ftDec 2008
42-1593054522038,955 ftDec 2008
42-159305419048,970 ftMay 2008
42-159005311318,206 ftNov 1998
42-159304931604H9,863 ftApr 1996Yes
42-15980014318,241 ftJan 1994
42-159004892518,200 ftFeb 1944

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 20261,9685,097106.413.05$224,940
Apr 20262,1254,80498.932.87$224,012
Mar 20262,1124,95189.753.15$205,145
Feb 20262,5364,44263.503.75$177,695
Jan 20261,7853,93359.138.00$137,003
Dec 20251,6584,35456.664.41$113,158
Nov 20251,9875,07158.593.93$136,329
Oct 20251,7654,02159.383.30$118,094
Sep 20251,7373,34562.743.08$119,272
Aug 20251,7915,16163.933.01$130,058
Jul 20251,9685,37366.743.32$149,157
Jun 20252,0525,09966.483.13$152,370
May 20251,8775,05460.553.23$129,989
Apr 20251,6064,96762.363.54$117,749
Mar 20251,8865,12767.704.27$149,566
Feb 20252,0885,10470.884.34$170,153
Jan 20252,1185,03074.324.28$178,932
Dec 20242,4245,74968.993.12$185,177
Nov 20242,4035,75069.052.20$178,568
Oct 20242,0155,51971.372.28$156,402
Sep 20242,2063,48269.612.36$161,792
Aug 20242,4156,04775.632.06$195,125
Jul 20241,7356,02279.932.15$151,605
Jun 20241,5504,77978.082.63$133,612
May 20241,7035,32078.812.20$145,909
Apr 20241,6605,33084.451.66$149,031
Mar 20241,8985,54280.301.55$160,973
Feb 20241,9544,82676.091.78$157,288
Jan 20241,4264,12173.023.30$117,716
Dec 20232,3805,35871.262.61$183,587
Nov 20235891,73777.892.81$50,754
Oct 202342544485.443.09$37,683
Sep 202338729289.042.74$35,257
Aug 202344741080.522.67$37,088
Jul 202344239774.852.64$34,132
Jun 202354652868.962.26$38,845
May 202351657270.622.23$37,714
Apr 202364353578.122.24$51,428
Mar 20231,1022,81172.852.39$87,008
Feb 20231,3553,36075.112.47$110,059
Jan 20231,5503,70576.533.39$131,173
Dec 20221,7164,20176.415.73$155,187
Nov 20221,9444,07685.005.65$188,254
Oct 20221,4974,05787.185.86$154,298
Sep 20221,8824,51784.888.16$196,620
Aug 20222,0314,49494.529.13$232,988
Jul 20221,4471,588101.587.54$158,963
Jun 20221,8132,266115.097.98$226,735
May 20222,8865,105109.378.43$358,692
Apr 20222,6374,681104.226.84$306,835
Mar 20222,2442,312108.885.08$256,063
Feb 20221,8351,67991.054.86$175,235
Jan 20222,7563,71381.844.54$242,399
Dec 20212,5914,09271.323.90$200,745
Nov 20212,7034,02277.435.24$230,356
Oct 20212,7394,30079.795.71$243,114
Sep 20212,5794,21769.865.35$202,734
Aug 20212,8584,47266.024.22$207,560
Jul 20212,3803,06970.783.98$180,677
Jun 20212,1562,85769.493.38$159,479
May 20212,5073,56063.483.02$169,887
Apr 20212,5233,87160.362.76$162,966
Mar 20212,3832,38161.302.72$152,547
Feb 20211,07498757.805.55$67,553
Jan 20212,3611,55350.412.81$123,382
Dec 20202,4392,09844.642.68$114,490
Nov 20202,4682,51338.772.71$102,486
Oct 20202,4581,78936.972.48$95,306
Sep 20202,5272,93137.091.99$99,562
Aug 20202,7173,10139.982.39$116,022
Jul 20202,6624,57238.371.83$110,485
Jun 20201,8202,09534.901.69$67,059
May 20202,0494,10716.921.81$42,122
Apr 20202,6314,67014.751.80$47,234
Mar 20202,8454,87230.341.86$95,361
Feb 20202,8153,90849.881.98$148,153
Jan 20202,6243,69157.252.09$157,956
Dec 20192,4332,65959.012.30$149,699
Nov 20192,3092,94855.302.75$135,797
Oct 20192,4943,69253.472.42$142,283
Sep 20192,4943,45955.052.66$146,486
Aug 20192,7994,96253.112.30$160,089
Jul 20192,8564,89456.272.46$172,747
Jun 20192,7005,70952.782.49$156,728
May 20192,9587,41358.482.74$193,298
Apr 20193,1067,18562.632.75$214,293
Mar 20193,6577,65856.803.06$231,167
Feb 20193,6557,27250.852.79$206,162
Jan 20193,1917,00646.033.23$169,498
Dec 20182,6915,49846.594.19$148,385
Nov 20183,4345,91952.934.24$206,842
Oct 20182,4675,61461.443.40$170,649
Sep 20182,5113,56459.543.11$160,582
Aug 20183,5288,02259.403.07$234,163
Jul 20183,7958,66565.142.93$272,611
Jun 20182,7047,09460.183.08$184,554
May 20182,7337,19365.382.90$199,549
Apr 20182,5726,93763.842.90$184,319
Mar 20183,0966,46461.222.79$207,551
Feb 20183,0696,42161.782.77$207,364
Jan 20183,4457,85062.874.01$248,060
Dec 20173,3578,32957.272.92$216,589
Nov 20173,8508,99255.423.12$241,407
Oct 20173,9199,41449.292.98$221,256
Sep 20172,8696,47447.523.09$156,322
Aug 20173,6427,83345.373.00$188,771
Jul 20173,1906,61243.873.09$160,358
Jun 20174,2919,43242.493.09$211,444
May 20174,41911,27645.373.26$237,288
Apr 20172,9727,60747.933.21$166,879
Mar 20173,6398,86346.772.98$196,640
Feb 20173,1549,73950.452.95$187,875
Jan 20174,14410,90749.413.42$242,044
Dec 20163,3519,26648.763.72$197,891
Nov 20162,9766,78242.492.64$144,384
Oct 20163,0805,75546.193.09$160,050
Sep 20163,8469,48041.553.10$189,195
Aug 20163,7949,97641.442.92$186,397
Jul 20162,8566,66641.622.92$138,360
Jun 20163,1686,10845.352.69$160,074
May 20164,43611,10042.521.99$210,719
Apr 20165,21911,99236.561.99$214,683
Mar 20165,7249,60133.011.79$206,174
Feb 20166,02211,18126.472.06$182,476
Jan 20165,0879,26027.352.36$161,023
Dec 20154,9149,75632.362.00$178,543
Nov 20154,4158,46938.792.17$189,613
Oct 20154,5307,60843.552.43$215,743
Sep 20152,9596,95842.992.76$146,401
Aug 20153,7707,66940.162.87$173,432
Jul 20153,6637,45048.152.95$198,314
Jun 20154,00810,42856.152.88$255,112
May 20155,31611,16555.212.96$326,494
Apr 20155,67411,92549.822.71$314,955
Mar 20156,02811,95842.892.93$293,634
Feb 20156,00710,30344.662.98$298,936
Jan 20155,7079,97343.433.10$278,778
Dec 20144,3516,99854.693.59$263,089
Nov 20142,9973,70770.464.25$226,930
Oct 20144,0056,78078.303.90$340,040
Sep 20144,1235,44686.164.05$377,269
Aug 20144,2217,88089.394.04$409,112
Jul 20144,84310,53596.564.18$511,672
Jun 20145,53911,83998.164.74$599,788
May 20143,8389,36194.734.73$407,819
Apr 20143,4537,53595.944.81$367,518
Mar 20144,7689,46895.895.06$505,081
Feb 20143,6477,38197.406.19$400,921
Jan 20144,9419,68990.404.86$493,762
Dec 20133,5097,27091.824.35$353,853
Nov 20134,51310,80288.853.74$441,361
Oct 20135,14512,11497.423.78$547,009
Sep 20135,54912,105104.113.72$622,710
Aug 20135,1379,498104.253.52$568,990
Jul 20132,9176,374102.523.72$322,748
Jun 20133,1605,81694.403.93$321,181
May 20134,5319,79094.834.15$470,294
Apr 20134,23011,04193.964.28$444,735
Mar 20134,6849,71593.623.91$476,530
Feb 20133,8588,87691.233.42$382,320
Jan 20133,6999,48291.603.42$371,256
Dec 20122,6637,45786.773.42$256,573
Nov 20122,6298,23786.953.62$258,450
Oct 20123,53810,38989.383.40$351,546
Sep 20125,3749,98594.672.92$537,897
Aug 20121,7476,93092.662.91$182,031
Jul 20122,6583,91785.133.02$238,108
Jun 20124,31611,35979.822.52$373,117
May 20124,7479,59791.612.49$458,753
Apr 20124,42511,984101.652.00$473,731
Mar 20123,45710,087105.052.22$385,572
Feb 20124,0057,905101.102.57$425,223
Jan 20123,82510,36898.092.73$403,541
Dec 20113,8209,05096.873.24$399,363
Nov 20113,7559,12595.723.31$389,644
Oct 20113,6788,31284.983.65$342,883
Sep 20114,94011,90183.623.99$460,518
Aug 20114,24011,37783.404.15$400,823
Jul 20113,84010,21594.144.52$407,641
Jun 20113,11969792.904.64$292,989
May 20113,11186198.134.40$309,075
Apr 20113,8308,494105.964.33$442,634
Mar 20114,78212,10296.364.06$509,895
Feb 20113,87410,02885.644.18$373,686
Jan 20114,02712,80986.504.59$407,113
Dec 20103,6809,14985.734.35$355,264
Nov 20102,492080.843.80$201,453
Oct 20103,0043,43678.103.51$246,669
Sep 20102,38997572.633.98$177,393
Aug 20103,2136,37773.684.42$264,916
Jul 20102,3895,35272.554.74$198,672
Jun 20104,86811,86670.364.91$400,779
May 20105,21313,93771.124.24$429,775
Apr 20104,25511,66181.694.12$395,666
Mar 20106,49115,25678.394.39$575,783
Feb 20103,96813,05873.585.44$363,032
Jan 20103,50010,27174.365.96$321,517
Dec 20094,77414,44971.445.48$420,289
Nov 20094,61215,27174.593.75$401,298
Oct 20094,10112,15672.544.11$347,451
Sep 20094,95215,67465.543.06$372,591
Aug 20095,49216,46167.423.22$423,250
Jul 20094,30513,48261.133.46$309,873
Jun 20093,88111,15966.163.90$300,231
May 20095,15517,72854.743.93$351,780
Apr 20097,06322,95746.773.59$412,695
Mar 20099,93429,69442.144.06$539,147
Feb 20099,34927,39632.814.63$433,666
Jan 20096,19819,42535.865.37$326,592
Dec 20085,00923,36137.105.98$325,466
Nov 20083,91519,31255.496.86$349,731
Oct 20083,58319,49975.246.92$404,557
Sep 20083,30725,936101.767.88$540,821
Aug 20084,91530,343114.228.48$818,792
Jul 20083,83019,299131.0811.39$721,841
Jun 20086,44619,266131.3313.03$1,097,640
May 20086,44217,720123.1711.57$998,558
Apr 20085,02013,232110.3110.45$692,095
Mar 20083,7986,697101.909.66$451,736
Feb 20082,7191,72392.538.77$266,701
Jan 20082,4831,77890.388.21$239,003
Dec 20071,5671,11988.337.30$146,584
Nov 20071,5891,24491.677.29$154,735
Oct 20071,8091,67582.856.92$161,470
Sep 20071,7821,31875.846.24$143,377
Aug 20071,4851,13569.066.39$109,804
Jul 20071,8201,06970.906.39$135,867
Jun 20071,04581262.007.55$70,919
May 20072,4671,50158.747.85$156,689
Apr 20072,5422,01559.617.81$167,256
Mar 20072,9622,06156.927.30$183,646
Feb 20072,8851,95155.108.22$174,993
Jan 200793151450.306.73$50,287
Dec 200669740856.656.92$42,308
Nov 200679655954.207.62$47,401
Oct 200680950854.906.01$47,469
Sep 200652728260.085.04$33,083
Aug 200647937268.717.34$35,643
Jul 200666242669.376.34$48,625
Jun 200655630966.286.38$38,824
May 200696150766.016.42$66,693
Apr 200693360764.397.36$64,544
Mar 20061,00668256.707.08$61,871
Feb 200688964257.597.75$56,174
Jan 20061,10276260.598.93$73,577
Dec 20051,6681,07654.9413.42$106,075
Nov 20051,0885854.6910.59$60,117
Oct 2005914058.3413.80$53,323
Sep 200567638261.4512.08$46,154
Aug 200573040061.519.80$48,821
Jul 20051,17176655.697.84$71,221
Jun 20051,3781,09852.337.38$80,215
May 20051,5531,04045.226.65$77,144
Apr 200585252049.207.36$45,746
Mar 20051,10343050.377.15$58,635
Feb 20051,19578245.226.31$58,974
Jan 20051,22780343.166.32$58,034
Dec 200496252339.866.75$41,876
Nov 200486253045.286.33$42,386
Oct 20041,5153,40249.706.52$97,460
Sep 20041,4703,53143.245.28$82,220
Aug 20041,1783,21242.375.55$67,741
Jul 20041,4573,36238.286.08$76,229
Jun 20041,4742,55736.106.43$69,661
May 20041,5233,36637.486.49$78,943
Apr 20041,5283,33234.475.86$72,191
Mar 20041,4652,59734.365.53$64,699
Feb 20041,2162,47932.455.51$53,118
Jan 20041,4192,58632.036.30$61,741
Dec 20031,3642,90430.266.30$59,575
Nov 20031,7193,04728.804.60$63,509
Oct 20031,9193,38328.174.76$70,160
Sep 20031,8823,18926.314.75$64,661
Aug 20031,7993,20729.765.13$69,989
Jul 20031,8663,94029.415.17$75,252
Jun 20031,9513,80328.565.98$78,474
May 20031,9294,03826.595.97$75,410
Apr 20031,9443,86826.675.41$72,762
Mar 20031,9333,99431.146.10$84,541
Feb 20031,9063,45733.487.93$91,213
Jan 20032,1184,21530.315.58$87,725
Dec 20022,1364,24726.914.85$78,094
Nov 20022,2843,23024.664.14$69,686
Oct 20021,7854,35326.464.23$65,640
Sep 20021,7084,04827.443.64$61,583
Aug 20021,7044,39025.963.16$58,127
Jul 20021,6844,36624.583.06$54,760
Jun 20021,5962,26423.733.34$45,431
May 20021,7354,77524.663.58$59,899
Apr 20021,8114,71023.653.51$59,373
Mar 20021,6744,80522.003.10$51,737
Feb 20021,4773,89018.222.38$36,152
Jan 20021,3703,33717.172.38$31,451
Dec 20011,7104,06316.932.36$38,557
Nov 20011,7924,71118.072.41$43,714
Oct 20011,7074,45919.782.53$45,041
Sep 20011,6294,54524.262.25$49,752
Aug 20011,7335,36324.873.05$59,474
Jul 20011,5964,65923.933.20$53,087
Jun 20011,6434,37724.563.82$57,090
May 20011,9254,04525.524.31$66,549
Apr 20011,6454,43224.685.34$64,245
Mar 20011,8354,51024.545.38$69,279
Feb 20011,7614,91227.755.77$77,196
Jan 20012,0124,73627.478.40$95,046
Dec 20001,6525,09926.889.12$90,921
Nov 20002,0554,05532.215.66$89,135
Oct 20001,7203,45131.235.15$71,473
Sep 20001,8963,99131.875.19$81,125
Aug 20001,5854,19429.644.54$66,023
Jul 20002,1394,44728.534.09$79,213
Jun 20001,4943,52429.304.40$59,270
May 20001,4713,87627.263.68$54,362
Apr 20001,9594,19824.513.12$61,096
Mar 20001,0882,72028.422.86$38,699
Feb 20001,3342,86627.622.73$44,659
Jan 20001,1002,40425.272.48$33,760
Dec 19991,6713,03824.282.42$47,935
Nov 19991,6693,21723.192.43$46,534
Oct 19991,1232,77720.982.80$31,346
Sep 19999602,85221.752.62$28,349
Aug 19991,5093,69719.262.88$39,694
Jul 19991,3144,01517.892.37$33,033
Jun 19991,1913,08415.942.36$26,269
May 19991,4513,36015.792.32$30,710
Apr 19991,3113,44615.102.21$27,405
Mar 19999173,32012.471.84$17,538
Feb 19995331,9729.981.82$8,904
Jan 19996082,33810.381.90$10,753
Dec 19985762,0789.201.77$8,984
Nov 19987962,77410.892.19$14,732
Oct 19988743,48112.421.97$17,710
Sep 19981,0694,28112.592.08$22,374
Aug 19981,1844,51611.301.91$21,993
Jul 19981,0473,99511.742.24$21,230
Jun 19981,5455,24011.242.24$29,089
May 19981,6135,25112.622.21$31,942
Apr 19981,5404,54613.042.51$31,471
Mar 19981,4415,02612.802.31$30,052
Feb 19981,5113,82913.952.30$29,882
Jan 19981,6164,73614.702.15$33,960
Dec 19971,6874,62116.322.41$38,674
Nov 19971,9735,07118.193.09$51,549
Oct 19972,1715,44419.253.15$58,939
Sep 19971,6344,54717.742.95$42,423
Aug 19971,6153,44817.862.55$37,653
Jul 19971,2133,36717.582.25$28,890
Jun 19971,5113,13517.242.26$33,126
May 19971,8032,81818.972.31$40,708
Apr 19971,4833,09917.882.08$32,971
Mar 19971,7913,04518.951.94$39,844
Feb 19971,9393,17820.492.21$46,740
Jan 19971,7353,21323.483.54$52,111
Dec 19961,9794,03823.32$46,150
Nov 19962,3155,58421.97$50,861
Oct 19962,3125,22223.31$53,893
Sep 19962,0237,73822.22$44,951
Aug 19963,6827,75520.26$74,597
Jul 19963,4727,14419.55$67,878
Jun 19962,7404,68418.73$51,320
May 19963,6894,29919.43$71,677
Apr 19963,7434,49921.51$80,512
Mar 19964,9577,01619.38$96,067
Feb 19964,5816,71616.98$77,785
Jan 19965,3577,41017.07$91,444
Dec 19953,8197,45517.19$65,649
Nov 19953,3328,32416.00$53,312
Oct 19952,5969,32115.43$40,056
Sep 19952,37710,52116.18$38,460
Aug 19953,55412,62015.92$56,580
Jul 19952,82112,65715.24$42,992
Jun 19953,21012,39716.41$52,676
May 19953,87213,63317.56$67,992
Apr 19952,6045,95317.73$46,169
Mar 19952,8548,50916.44$46,920
Feb 19952,6767,59716.58$44,368
Jan 19952,7037,23215.92$43,032
Dec 19942,4947,76615.03$37,485
Nov 19942,5958,24715.90$41,261
Oct 19943,95912,30515.58$61,681
Sep 19943,90312,47315.29$59,677
Aug 19943,75413,41116.13$60,552
Jul 19944,32715,22017.56$75,982
Jun 19944,39815,56217.09$75,162
May 19944,43518,15415.88$70,428
Apr 19944,54815,05814.14$64,309
Mar 19946,23417,43712.46$77,676
Feb 19945,23616,98612.50$65,450
Jan 19944,21314,16912.66$53,337
Dec 19937,09719,40712.33$87,506
Nov 19935,66613,99414.49$82,100
Oct 19934,93815,90515.85$78,267
Sep 19933,77417,94615.03$56,723
Aug 19933,78420,20515.66$59,257
Jul 19931,9246,43815.46$29,745
Jun 199325816.79$420
May 19931074517.68$1,892
Apr 19931005618.05$1,805
Mar 19931254618.14$2,268
Feb 19931837917.90$3,276
Jan 19932089216.93$3,521

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                1,968 bbl  × $106.41 =   $209,415
Casinghead gas     5,097 Mcf  × $  3.05 =    $15,525

────────────────────────────────────────────────────
Month total                                 $224,940

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/5897 is the state's own key, not one this site invented.