SEALY SMITH FOUNDATION -I-

Operated by RING ENERGY, INC. (P-5 712382) in the HALLEY (DEVONIAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 120656District 08Field 38255174Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$7.6 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
condensate, 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 36 leases and 36 wells, and the rule below applies to all of them.

Discovered
1956-11-02
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,170 ft
minimum
From a lease line
600 ft
minimum

A drilling unit in this field needs at least 80 acres.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: RECLASSIFIED GAS FIELD 6-1-68.

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
CondensateDisposition30,663 bbl$1,944,340
GasProduction2,103,485 Mcf$5,655,475
Total$7,599,815

788,295 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 31.7129, -102.9856. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.71287, -102.98564 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
10,430 ft
1 wells filed one
Completion to plug
39.2 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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 10,430 ft.

Completions filed
Feb 1986
1 of 1 wells
Plug dates filed
Apr 2025
1 of 1 wells

Last completion to plug: a median of 39.2 years across the 1 well that filed both dates, with the middle half between 39.2 years and 39.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-49501872210,430 ftFeb 1986Apr 2025Yes

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 2023213080.522.67$17,151
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 2023019770.622.23$439
Apr 2023049078.122.24$1,097
Mar 2023054172.852.39$1,295
Feb 2023045475.112.47$1,119
Jan 202333060376.533.39$27,298
Dec 2022058476.415.73$3,346
Nov 2022058285.005.65$3,286
Oct 2022065887.185.86$3,858
Sep 2022090884.888.16$7,413
Aug 20223541,32694.529.13$45,563
Jul 202231,007101.587.54$7,900
Jun 202201,056115.097.98$8,424
May 20220364109.378.43$3,070
Apr 20220758104.226.84$5,183
Mar 2022345205108.885.08$38,604
Feb 2022026391.054.86$1,278
Jan 2022072481.844.54$3,285
Dec 2021017271.323.90$671
Nov 2021078677.435.24$4,116
Oct 2021052179.795.71$2,977
Sep 2021065869.865.35$3,521
Aug 202133881166.024.22$25,738
Jul 2021062970.783.98$2,505
Jun 2021024269.493.38$818
May 202133331063.483.02$22,074
Apr 2021030160.362.76$830
Mar 20216031261.302.72$4,526
Feb 2021023957.805.55$1,326
Jan 2021032750.412.81$919
Dec 20200944.642.68$24
Nov 202009038.772.71$244
Oct 202028236.972.48$277
Sep 202005037.091.99$100
Aug 202001539.982.39$36
Jul 202018269938.371.83$8,259
Jun 2020090334.901.69$1,526
May 20200316.921.81$5
Apr 202018374914.751.80$4,051
Mar 2020077830.341.86$1,444
Feb 202018367449.881.98$10,463
Jan 202017580257.252.09$11,699
Dec 201901,26859.012.30$2,922
Nov 201917664255.302.75$11,499
Oct 2019080453.472.42$1,945
Sep 20190055.052.66$0
Aug 201905953.112.30$136
Jul 201926519156.272.46$15,381
Jun 2019081652.782.49$2,033
May 2019086158.482.74$2,359
Apr 201918170862.632.75$13,284
Mar 201917874356.803.06$12,386
Feb 2019070650.852.79$1,971
Jan 201917297546.033.23$11,065
Dec 201818443146.594.19$10,376
Nov 2018060752.934.24$2,572
Oct 201835444561.443.40$23,262
Sep 2018099059.543.11$3,077
Aug 2018083459.403.07$2,558
Jul 2018086765.142.93$2,542
Jun 201817696760.183.08$13,567
May 20181783065.382.90$11,725
Apr 201803063.842.90$87
Mar 20183463061.222.79$21,266
Feb 201803061.782.77$83
Jan 201818811362.874.01$12,273
Dec 2017014757.272.92$429
Nov 20171775255.423.12$9,971
Oct 201717687049.292.98$11,271
Sep 201701,18347.523.09$3,652
Aug 20171761,35245.373.00$12,047
Jul 20171731,38443.873.09$11,862
Jun 20171771,70542.493.09$12,785
May 20173581,96045.373.26$22,639
Apr 201701,16447.933.21$3,738
Mar 20171791,70846.772.98$13,468
Feb 20173602,16650.452.95$24,557
Jan 20175392,40449.413.42$34,851
Dec 20163632,41248.763.72$26,679
Nov 20163582,43942.492.64$21,661
Oct 20163542,62246.193.09$24,454
Sep 20163532,60941.553.10$22,757
Aug 20165292,84441.442.92$30,239
Jul 20163563,03141.622.92$23,680
Jun 20165343,00345.352.69$32,282
May 20163512,14142.521.99$19,187
Apr 20165353,09236.561.99$25,716
Mar 20165333,24833.011.79$23,421
Feb 20165462,82926.472.06$20,291
Jan 20165263,27427.352.36$22,127
Dec 20157193,74732.362.00$30,766
Nov 20157123,75238.792.17$35,750
Oct 20157154,36943.552.43$41,740
Sep 20159014,83342.992.76$52,065
Aug 20151,0815,49740.162.87$59,203
Jul 20158895,58448.152.95$59,251
Jun 20151,0694,89956.152.88$74,147
May 20151,2728,77755.212.96$96,167
Apr 20151834,60749.822.71$21,586
Mar 201518044742.892.93$9,032
Feb 20153701,00344.662.98$19,509
Jan 2015029343.433.10$908
Dec 20143561,91354.693.59$26,340
Nov 201417641870.464.25$14,178
Oct 201418161378.303.90$16,564
Sep 2014023686.164.05$955
Aug 201428351689.394.04$27,379
Jul 201417647796.564.18$18,988
Jun 2014032798.164.74$1,549
May 20143601,52494.734.73$41,306
Apr 20141781,19895.944.81$22,839
Mar 201454498695.895.06$57,150
Feb 2014079397.406.19$4,910
Jan 20149264,36790.404.86$104,937
Dec 20135402,27291.824.35$59,476
Nov 2013013688.853.74$508
Oct 20131,2927,84297.423.78$155,504
Sep 20131,10616,759104.113.72$177,451
Aug 20135537,449104.253.52$83,890
Jul 201393912,061102.523.72$141,106
Jun 20131,63912,88894.403.93$205,415
May 20130094.834.15$0
Apr 201303,82993.964.28$16,398
Mar 20133837,40293.623.91$64,820
Feb 20131885,81791.233.42$37,045
Jan 201302,49491.603.42$8,529
Dec 20120486.773.42$14
Nov 20120186.953.62$4
Oct 20120589.383.40$17
Sep 20120494.672.92$12
Aug 2012031392.662.91$910
Jul 2012090985.133.02$2,746
Jun 2012081279.822.52$2,045
May 201201,28091.612.49$3,185
Apr 201201,276101.652.00$2,548
Mar 201201,342105.052.22$2,982
Feb 201201,405101.102.57$3,611
Jan 201201,88098.092.73$5,140
Dec 201101,97296.873.24$6,389
Nov 201102,39795.723.31$7,937
Oct 201102,44284.983.65$8,910
Sep 201102,42983.623.99$9,682
Aug 201102,63183.404.15$10,917
Jul 201102,85294.144.52$12,883
Jun 201102,79692.904.64$12,973
May 201102,35798.134.40$10,382
Apr 201102,770105.964.33$12,003
Mar 201103,34596.364.06$13,572
Feb 201103,10685.644.18$12,983
Jan 201103,35486.504.59$15,391
Dec 201003,87985.734.35$16,865
Nov 201002,92080.843.80$11,082
Oct 201002,98778.103.51$10,481
Sep 201002,98372.633.98$11,871
Aug 201003,47073.684.42$15,335
Jul 201003,16172.554.74$14,972
Jun 201004,00970.364.91$19,686
May 201003,90571.124.24$16,539
Apr 201003,07881.694.12$12,690
Mar 201003,42578.394.39$15,031
Feb 201002,78073.585.44$15,130
Jan 201003,65474.365.96$21,793
Dec 200904,49471.445.48$24,644
Nov 200903,93274.593.75$14,751
Oct 200904,37672.544.11$17,986
Sep 200902,49465.543.06$7,643
Aug 200902,37067.423.22$7,628
Jul 200904,60161.133.46$15,940
Jun 200904,68566.163.90$18,248
May 200904,96154.743.93$19,476
Apr 200904,36246.773.59$15,649
Mar 200905,22542.144.06$21,208
Feb 200904,55232.814.63$21,089
Jan 200904,45135.865.37$23,906
Dec 200804,85137.105.98$28,995
Nov 200805,08155.496.86$34,857
Oct 200805,18575.246.92$35,890
Sep 200805,099101.767.88$40,165
Aug 200805,279114.228.48$44,782
Jul 200805,270131.0811.39$60,022
Jun 200805,229131.3313.03$68,148
May 200805,377123.1711.57$62,235
Apr 200804,841110.3110.45$50,612
Mar 200803,863101.909.66$37,332
Feb 200803,41392.538.77$29,934
Jan 200804,28790.388.21$35,178
Dec 200704,57388.337.30$33,392
Nov 200703,43291.677.29$25,025
Oct 200704,20882.856.92$29,128
Sep 200704,10075.846.24$25,601
Aug 200704,80869.066.39$30,713
Jul 200704,71670.906.39$30,126
Jun 200703,86262.007.55$29,152
May 200706,13458.747.85$48,129
Apr 200705,88059.617.81$45,895
Mar 200705,47956.927.30$40,007
Feb 200704,85655.108.22$39,897
Jan 200704,97650.306.73$33,473
Dec 200604,95856.656.92$34,302
Nov 200604,99954.207.62$38,080
Oct 200604,99454.906.01$30,033
Sep 200605,17260.085.04$26,052
Aug 200605,06168.717.34$37,147
Jul 200603,99069.376.34$25,308
Jun 200603,54566.286.38$22,631
May 200603,89966.016.42$25,051
Apr 200603,80264.397.36$27,985
Mar 200603,81056.707.08$26,986
Feb 200603,62957.597.75$28,129
Jan 200604,62360.598.93$41,299
Dec 200504,73054.9413.42$63,455
Nov 200504,75954.6910.59$50,390
Oct 200504,92858.3413.80$67,986
Sep 200504,87361.4512.08$58,861
Aug 200505,19961.519.80$50,934
Jul 200505,07655.697.84$39,814
Jun 200504,73152.337.38$34,920
May 200504,87345.226.65$32,411
Apr 200505,08949.207.36$37,457
Mar 200505,39050.377.15$38,565
Feb 200504,90345.226.31$30,947
Jan 200505,27643.166.32$33,356
Dec 200405,20839.866.75$35,160
Nov 200404,93245.286.33$31,222
Oct 200405,10749.706.52$33,273
Sep 200403,37743.245.28$17,844
Aug 200404,79342.375.55$26,604
Jul 200404,90738.286.08$29,855
Jun 200404,85236.106.43$31,213
May 200404,64737.486.49$30,180
Apr 200405,36734.475.86$31,442
Mar 200405,48934.365.53$30,355
Feb 200405,72532.455.51$31,543
Jan 200405,61632.036.30$35,379
Dec 200305,46730.266.30$34,451
Nov 200305,23728.804.60$24,065
Oct 200305,65028.174.76$26,892
Sep 200305,09026.314.75$24,174
Aug 200305,23929.765.13$26,875
Jul 200305,60929.415.17$29,003
Jun 200304,84828.565.98$29,005
May 200304,74426.595.97$28,334
Apr 200305,31426.675.41$28,734
Mar 200305,52531.146.10$33,681
Feb 200305,41833.487.93$42,942
Jan 200305,08830.315.58$28,401
Dec 200205,57926.914.85$27,079
Nov 200205,51924.664.14$22,832
Oct 200205,43126.464.23$22,968
Sep 200205,01827.443.64$18,241
Aug 200205,93325.963.16$18,773
Jul 200206,62924.583.06$20,296
Jun 200206,26023.733.34$20,897
May 200206,30524.663.58$22,597
Apr 200206,04423.653.51$21,228
Mar 200205,15322.003.10$15,988
Feb 200205,28918.222.38$12,565
Jan 200205,45917.172.38$12,969
Dec 200104,71616.932.36$11,151
Nov 200105,34518.072.41$12,858
Oct 200106,30119.782.53$15,934
Sep 200105,20624.262.25$11,720
Aug 200104,66224.873.05$14,234
Jul 200104,70423.933.20$15,039
Jun 200105,77524.563.82$22,085
May 200105,65225.524.31$24,345
Apr 200105,45324.685.34$29,094
Mar 200105,80324.545.38$31,199
Feb 200105,66227.755.77$32,653
Jan 200105,48427.478.40$46,059
Dec 200004,65726.889.12$42,483
Nov 200003,77732.215.66$21,370
Oct 200004,73331.235.15$24,354
Sep 200008,64931.875.19$44,858
Aug 200009,17629.644.54$41,666
Jul 200009,12428.534.09$37,315
Jun 200008,72029.304.40$38,344
May 200008,93927.263.68$32,893
Apr 200008,50924.513.12$26,514
Mar 200008,56128.422.86$24,482
Feb 200008,21427.622.73$22,395
Jan 200008,46225.272.48$20,990
Dec 199909,04924.282.42$21,932
Nov 199909,13723.192.43$22,239
Oct 199909,66520.982.80$27,098
Sep 199909,95221.752.62$26,063
Aug 1999010,46119.262.88$30,082
Jul 1999010,46217.892.37$24,820
Jun 1999010,27315.942.36$24,266
May 1999010,63515.792.32$24,684
Apr 1999010,00215.102.21$22,085
Mar 1999010,32112.471.84$18,973
Feb 199909,3959.981.82$17,078
Jan 199909,39410.381.90$17,848
Dec 199809,2189.201.77$16,346
Nov 1998010,02710.892.19$21,916
Oct 199809,94912.421.97$19,592
Sep 199809,64812.592.08$20,093
Aug 1998010,60711.301.91$20,231
Jul 1998010,55511.742.24$23,614
Jun 1998010,19811.242.24$22,816
May 1998011,53812.622.21$25,457
Apr 1998011,13013.042.51$27,884
Mar 1998011,05612.802.31$25,533
Feb 1998010,47513.952.30$24,083
Jan 1998011,36214.702.15$24,483
Dec 1997010,57816.322.41$25,505
Nov 1997010,50618.193.09$32,445
Oct 1997011,23319.253.15$35,382
Sep 1997010,81917.742.95$31,969
Aug 1997012,51117.862.55$31,962
Jul 1997012,48717.582.25$28,058
Jun 1997012,01217.242.26$27,113
May 1997012,00118.972.31$27,704
Apr 1997012,45517.882.08$25,941
Mar 1997012,12618.951.94$23,514
Feb 1997010,89120.492.21$24,024
Jan 1997011,57323.483.54$40,965
Dec 1996012,69223.32$0
Nov 1996012,55321.97$0
Oct 1996014,69923.31$0
Sep 1996014,17022.22$0
Aug 1996012,19020.26$0
Jul 1996015,17119.55$0
Jun 1996014,42318.73$0
May 1996015,72719.43$0
Apr 1996015,50821.51$0
Mar 1996015,43319.38$0
Feb 1996014,73216.98$0
Jan 1996015,00717.07$0
Dec 1995015,19117.19$0
Nov 1995015,44416.00$0
Oct 1995016,07115.43$0
Sep 1995015,82116.18$0
Aug 1995016,56515.92$0
Jul 1995016,52015.24$0
Jun 1995015,63316.41$0
May 1995015,58717.56$0
Apr 1995016,22117.73$0
Mar 1995015,52116.44$0
Feb 1995015,37516.58$0
Jan 1995016,63215.92$0
Dec 1994017,32215.03$0
Nov 1994015,62915.90$0
Oct 1994017,57215.58$0
Sep 1994016,15815.29$0
Aug 1994017,52016.13$0
Jul 1994016,85917.56$0
Jun 1994016,13717.09$0
May 1994017,44415.88$0
Apr 1994017,17914.14$0
Mar 1994017,91712.46$0
Feb 1994016,33612.50$0
Jan 1994018,17712.66$0
Dec 1993018,02312.33$0
Nov 1993017,38314.49$0
Oct 1993018,02915.85$0
Sep 1993018,60915.03$0
Aug 1993021,32315.66$0
Jul 1993019,27915.46$0
Jun 1993019,12816.79$0
May 1993020,59617.68$0
Apr 1993019,89418.05$0
Mar 1993019,90818.14$0
Feb 1993017,22017.90$0
Jan 1993011,76716.93$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.

Aug 2023 — as filed, then multipliedworked
Condensate           213 bbl  × $ 80.52 =    $17,151
Gas                    0 Mcf  × $  2.67 =         $0

────────────────────────────────────────────────────
Month total                                  $17,151

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. 08/G/120656 is the state's own key, not one this site invented.