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GRINDSTONE 2 FEE

Operated by COTERRA ENERGY OPERATING CO. (P-5 103285) in the FORD, WEST (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 272008District 08Field 31913800Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$18.3 M
Oct 2012 – May 2026
Value, last 12 filed months
$326 k
at the published price for each month
Months reported
164
no gaps in the span
Streams
2
condensate, gas

The FORD, WEST (WOLFCAMP) 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 1,466 leases and 1,484 wells, and the rule below applies to all of them.

Discovered
2010-11-05
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2018-06-05.

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: “DOCKET SAYS PRO PLAT NOT REQUIRED NOT LEASE PLAT NOT REQ”

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
High Cost Gas112016-12-20219073
NGPA1none——

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
CondensateDisposition150,753 bbl$11,027,144
GasProduction2,055,511 Mcf$7,288,121
Total$18,315,266

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 31.9985, -104.2368. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.99853, -104.23683 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
9,520 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
00.0%
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.
1100.0%

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 9,520 ft.

Completions filed
Oct 2012
1 of 1 wells

1 well

42-109323721H9,520 ftOct 2012——

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 (164)

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

164 months

May 202611813,760106.413.05$54,467
Apr 20264510,82098.932.87$35,502
Mar 202657,17889.753.15$23,055
Feb 2026095163.503.75$3,567
Jan 202604,18259.138.00$33,447
Dec 2025510,10456.664.41$44,876
Nov 2025647,79258.593.93$34,345
Oct 20251697,43459.383.30$34,603
Sep 20251151,46262.743.08$11,714
Aug 2025984,52163.933.01$19,895
Jul 2025121066.743.32$8,076
Jun 20251294,46566.483.13$22,546
May 20251715,97360.553.23$29,661
Apr 20251755,98162.363.54$32,104
Mar 20251443,40967.704.27$24,300
Feb 202512586770.884.34$12,624
Jan 20252102,94274.324.28$28,195
Dec 20241445,14968.993.12$26,006
Nov 20241665,76369.052.20$24,132
Oct 20241816,17471.372.28$27,003
Sep 20241625,12069.612.36$23,382
Aug 20241792,15175.632.06$17,977
Jul 20241611,52379.932.15$16,138
Jun 20241873,38678.082.63$23,520
May 20242252,12578.812.20$22,404
Apr 2024365084.451.66$30,824
Mar 20243592,15680.301.55$32,159
Feb 20243772,60476.091.78$33,331
Jan 20241842,65173.023.30$22,178
Dec 20231862,00071.262.61$18,476
Nov 20231862,15477.892.81$20,535
Oct 20233715,56985.443.09$48,891
Sep 20233735,84889.042.74$49,206
Aug 20235486,53180.522.67$61,582
Jul 20233424,02274.852.64$36,224
Jun 20233672,87568.962.26$31,801
May 20235394,45270.622.23$47,981
Apr 20233646,34578.122.24$42,634
Mar 20235567,51272.852.39$58,482
Feb 20233806,58775.112.47$44,783
Jan 20235467,26076.533.39$66,380
Dec 20223776,84476.415.73$68,016
Nov 20223767,71885.005.65$75,537
Oct 20225438,70187.185.86$98,359
Sep 20225348,12084.888.16$111,615
Aug 20223707,85194.529.13$106,630
Jul 20225548,117101.587.54$117,494
Jun 20225337,059115.097.98$117,654
May 20223747,010109.378.43$100,020
Apr 20225526,570104.226.84$102,452
Mar 20223767,116108.885.08$77,063
Feb 20225686,77091.054.86$84,611
Jan 20223806,34881.844.54$59,904
Dec 20215677,47171.323.90$69,569
Nov 20215677,23877.435.24$81,807
Oct 20215607,74979.795.71$88,959
Sep 20215408,00669.865.35$80,564
Aug 20217418,35366.024.22$84,175
Jul 20215477,79870.783.98$69,769
Jun 20215607,76069.493.38$65,148
May 20211854,69163.483.02$25,900
Apr 20215617,27460.362.76$53,927
Mar 20215667,68061.302.72$55,562
Feb 20215176,92757.805.55$68,313
Jan 20215528,14250.412.81$50,708
Dec 20203798,51144.642.68$39,689
Nov 20205577,58738.772.71$42,130
Oct 20205578,47736.972.48$41,602
Sep 20207348,36637.091.99$43,881
Aug 20205508,79339.982.39$42,961
Jul 20205579,01438.371.83$37,824
Jun 20203638,84934.901.69$27,626
May 20207089,23516.921.81$28,739
Apr 20205518,59514.751.80$23,636
Mar 20205248,91230.341.86$32,441
Feb 20207497,84449.881.98$52,897
Jan 20205398,44257.252.09$48,542
Dec 20196297,64159.012.30$54,725
Nov 20195502,98655.302.75$38,629
Oct 20196927,58553.472.42$55,346
Sep 20197207,79355.052.66$60,344
Aug 20195358,13553.112.30$47,160
Jul 20197098,03656.272.46$59,664
Jun 20195257,81652.782.49$47,181
May 20197409,13858.482.74$68,316
Apr 20195776,78162.632.75$54,790
Mar 20198086,45956.803.06$65,673
Feb 20195385,21050.852.79$41,905
Jan 20197417,16146.033.23$57,225
Dec 20188037,71646.594.19$69,707
Nov 20187589,01552.934.24$78,320
Oct 20185669,81261.443.40$68,117
Sep 20187269,73359.543.11$73,476
Aug 201849810,03259.403.07$60,345
Jul 201847210,79165.142.93$62,384
Jun 20184149,79260.183.08$55,044
May 201857710,60965.382.90$68,499
Apr 201860311,11163.842.90$70,726
Mar 201869312,54061.222.79$77,372
Feb 201851610,00361.782.77$59,548
Jan 201865311,51362.874.01$87,213
Dec 201774510,93057.272.92$74,598
Nov 201771310,54355.423.12$72,391
Oct 20171,10810,44349.292.98$85,772
Sep 201758810,66447.523.09$60,865
Aug 201752412,05445.373.00$59,989
Jul 201762812,96343.873.09$67,571
Jun 201765112,86542.493.09$67,379
May 201779613,53645.373.26$80,288
Apr 201768012,65247.933.21$73,226
Mar 201773814,08146.772.98$76,529
Feb 201770812,61050.452.95$72,951
Jan 201786512,48849.413.42$85,434
Dec 201688010,75348.763.72$82,940
Nov 201685510,29942.492.64$63,563
Oct 201694911,92846.193.09$80,695
Sep 201689612,01741.553.10$74,489
Aug 201679111,91741.442.92$67,628
Jul 20161,06712,30041.622.92$80,378
Jun 20161,17113,49145.352.69$89,339
May 201692515,43142.521.99$70,055
Apr 20161,11514,31536.561.99$69,266
Mar 20161,11217,37833.011.79$67,883
Feb 20161926,30226.472.06$18,087
Jan 201696913,21427.352.36$57,745
Dec 201594014,23732.362.00$58,912
Nov 20151,11915,00838.792.17$75,933
Oct 20151,13316,14243.552.43$88,512
Sep 201592816,23542.992.76$84,678
Aug 20151,28417,92840.162.87$103,063
Jul 201555710,42348.152.95$57,516
Jun 20151,31316,14056.152.88$120,254
May 20151,48217,65855.212.96$134,009
Apr 20151,32616,86349.822.71$111,702
Mar 20151,34119,12442.892.93$113,639
Feb 20151,82619,39744.662.98$139,278
Jan 20151,17118,98043.433.10$109,706
Dec 20141,52220,03754.693.59$155,198
Nov 20141,15818,20370.464.25$158,989
Oct 20141,49519,89478.303.90$194,664
Sep 20141,29820,44086.164.05$194,524
Aug 20141,59922,13489.394.04$232,248
Jul 20141,41922,33296.564.18$230,357
Jun 20141,78322,35798.164.74$280,922
May 20141,99924,14894.734.73$303,502
Apr 20141,48524,57795.944.81$260,665
Mar 20141,45623,11695.895.06$256,509
Feb 20141,70224,25297.406.19$315,943
Jan 20142,21128,62090.404.86$338,988
Dec 20131,70130,38791.824.35$288,505
Nov 20132,24631,28888.853.74$316,520
Oct 20132,19234,39097.423.78$343,517
Sep 20132,36935,464104.113.72$378,483
Aug 20132,85243,268104.253.52$449,737
Jul 20133,84451,538102.523.72$585,692
Jun 20131,54726,10394.403.93$248,711
May 20133,34635,90994.834.15$466,290
Apr 20133,93941,80693.964.28$549,146
Mar 20134,19943,96293.623.91$565,128
Feb 20134,27438,89391.233.42$522,928
Jan 20134,39341,13391.603.42$543,070
Dec 20125,43345,06886.773.42$625,561
Nov 20129,21877,25886.953.62$1,081,562
Oct 20123,03436,48189.383.40$395,203

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
Condensate           118 bbl  × $106.41 =    $12,556
Gas               13,760 Mcf  × $  3.05 =    $41,911

────────────────────────────────────────────────────
Month total                                  $54,467

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/272008 is the state's own key, not one this site invented.