OWL DRAW 12 UNIT

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

Gas lease lease 273378District 08Field 24366100CondensateGasSaveExport
Value, all time
$15.2 M
Jan 2014 – May 2026
Value, last 12 filed months
$390 k
at the published price for each month
Months reported
149
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 71 leases and 77 wells, and the rule below applies to all of them.

Discovered
2013-03-26
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 2025-02-19.

The Commission's schedule remark for this field reads: TEMPORARY RULES ADOPTED IN FINAL ORDER 08-0282091 EFFECTIVE AUG

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
CondensateDisposition139,902 bbl$9,836,242
GasProduction1,505,993 Mcf$5,386,937
Total$15,223,179

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 31.9712, -104.2221. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.97121, -104.22213 · 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
7,287 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 7,287 ft.

Completions filed
Jan 2014
1 of 1 wells

1 well

42-109326224H7,287 ftJan 2014

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 (149)

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

149 months

May 20262822,980106.413.05$39,084
Apr 20262893,32298.932.87$38,124
Mar 2026196089.753.15$17,591
Feb 20262123,26463.503.75$25,703
Jan 20262994,57359.138.00$54,254
Dec 20251056,69656.664.41$35,501
Nov 20251491,33358.593.93$13,964
Oct 20252866,27259.383.30$37,711
Sep 20252295,63462.743.08$31,703
Aug 20252806,33963.933.01$37,011
Jul 20252223,18166.743.32$25,362
Jun 20252275,98466.483.13$33,813
May 20253796,51460.553.23$44,004
Apr 20253846,09962.363.54$45,556
Mar 20252795,99667.704.27$44,481
Feb 20252514,28970.884.34$36,409
Jan 20252434,75774.324.28$38,413
Dec 20243596,11668.993.12$43,858
Nov 20242865,70669.052.20$32,293
Oct 20242459,42771.372.28$38,992
Sep 20242656,19369.612.36$33,089
Aug 20242465,72175.632.06$30,411
Jul 20243676,46079.932.15$43,201
Jun 20243216,76578.082.63$42,883
May 20243375,39178.812.20$38,411
Apr 20243546,01784.451.66$39,879
Mar 20245016,51380.301.55$50,294
Feb 20243755,54376.091.78$38,420
Jan 20243685,84273.023.30$46,136
Dec 20234595,86971.262.61$48,031
Nov 20234216,50077.892.81$51,041
Oct 20234486,63285.443.09$58,752
Sep 20235396,62889.042.74$66,120
Aug 20234636,86880.522.67$55,638
Jul 20234426,77974.852.64$50,992
Jun 20233706,28468.962.26$39,707
May 20234786,82970.622.23$48,967
Apr 20232956,10578.122.24$36,707
Mar 20235066,80372.852.39$53,143
Feb 20234446,18675.112.47$48,602
Jan 20234857,49176.533.39$62,494
Dec 20223175,91376.415.73$58,098
Nov 20224066,48485.005.65$71,120
Oct 20224486,63787.185.86$77,974
Sep 20224556,58484.888.16$92,370
Aug 20225307,26094.529.13$116,359
Jul 20224787,244101.587.54$103,190
Jun 20224726,147115.097.98$103,358
May 20223186,325109.378.43$88,119
Apr 20223846,099104.226.84$81,723
Mar 20224716,214108.885.08$82,827
Feb 20222515,75391.054.86$50,806
Jan 20222946,74881.844.54$54,681
Dec 20213826,96871.323.90$54,413
Nov 20213497,29277.435.24$65,210
Oct 20213216,13879.795.71$60,684
Sep 20213447,11669.865.35$62,109
Aug 20213237,82266.024.22$54,338
Jul 20213698,20470.783.98$58,787
Jun 20212687,88369.493.38$45,273
May 20213418,00563.483.02$45,803
Apr 20212717,74560.362.76$37,722
Mar 20213028,34061.302.72$41,172
Feb 20212307,24957.805.55$53,511
Jan 20212808,20250.412.81$37,165
Dec 20204198,83744.642.68$42,347
Nov 20204117,74838.772.71$36,905
Oct 20203506,19636.972.48$28,296
Sep 202035312,16237.091.99$37,308
Aug 202032913,23639.982.39$44,723
Jul 202046313,86438.371.83$43,069
Jun 202062117,19034.901.69$50,729
May 202021316.921.81$361
Apr 2020811214.751.80$320
Mar 20206046,44030.341.86$30,279
Feb 202065110,28949.881.98$52,851
Jan 202059811,61157.252.09$58,558
Dec 20197018,49059.012.30$60,930
Nov 20197188,12055.302.75$62,041
Oct 20195808,04853.472.42$50,477
Sep 20198527,93055.052.66$67,975
Aug 20198088,45953.112.30$62,405
Jul 20196782,83556.272.46$45,125
Jun 20196901,06052.782.49$39,059
May 20196283,63158.482.74$46,676
Apr 20197596,99262.632.75$66,769
Mar 20196384,33256.803.06$49,503
Feb 20197228,07750.852.79$59,266
Jan 20197146,14846.033.23$52,712
Dec 20187118,52646.594.19$68,811
Nov 20183037,21052.934.24$46,588
Oct 20184918,53761.443.40$59,176
Sep 20185968,93759.543.11$63,262
Aug 20184709,94959.403.07$58,427
Jul 201854910,67965.142.93$67,071
Jun 20184667,99760.183.08$52,650
May 20186137,15865.382.90$60,842
Apr 20187155,85263.842.90$62,621
Mar 20188959,38761.222.79$80,952
Feb 20186135,42361.782.77$52,872
Jan 20185116,37962.874.01$57,702
Dec 20175358,55657.272.92$55,636
Nov 20175978,79555.423.12$60,512
Oct 20176259,96649.292.98$60,542
Sep 20176559,92547.523.09$61,767
Aug 201761010,21345.373.00$58,360
Jul 201767010,43143.873.09$61,596
Jun 201766210,03742.493.09$59,115
May 201768510,32345.373.26$64,767
Apr 201775910,31247.933.21$69,497
Mar 201798711,23846.772.98$79,693
Feb 20177059,61950.452.95$63,968
Jan 201773611,82749.413.42$76,800
Dec 201682412,05248.763.72$85,046
Nov 201693011,55642.492.64$70,074
Oct 20161,12911,94746.193.09$89,068
Sep 20161,00011,51041.553.10$77,238
Aug 201683111,96141.442.92$69,415
Jul 20161,07711,68141.622.92$78,984
Jun 201691911,61345.352.69$72,867
May 20161,26611,92042.521.99$77,564
Apr 20161,39211,59936.561.99$73,986
Mar 20161,40912,29633.011.79$68,570
Feb 20161,30112,11526.472.06$59,438
Jan 20161,42814,25327.352.36$72,755
Dec 20151,19811,28532.362.00$61,353
Nov 20151,28313,02538.792.17$77,997
Oct 20151,31614,40843.552.43$92,274
Sep 20151,31614,36642.992.76$96,202
Aug 201592015,86640.162.87$82,522
Jul 20151,31214,68048.152.95$106,407
Jun 20151,70613,72356.152.88$135,353
May 20151,55214,89355.212.96$129,701
Apr 20151,43714,99349.822.71$112,171
Mar 20151,71714,49242.892.93$116,172
Feb 20151,85812,61844.662.98$120,532
Jan 20152,29014,28943.433.10$143,760
Dec 20141,73617,43954.693.59$157,572
Nov 20141,96921,60870.464.25$230,610
Oct 20142,00122,07478.303.90$242,788
Sep 20142,87223,07986.164.05$340,816
Aug 20142,98025,35389.394.04$368,685
Jul 20143,26028,04296.564.18$431,990
Jun 20143,78230,71598.164.74$516,734
May 20144,11638,62394.734.73$572,463
Apr 20145,40645,33495.944.81$736,668
Mar 20146,84141,19995.895.06$864,319
Feb 201411,11262,98897.406.19$1,472,331
Jan 201411,65137,03990.404.86$1,233,287

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           282 bbl  × $106.41 =    $30,008
Gas                2,980 Mcf  × $  3.05 =     $9,077

────────────────────────────────────────────────────
Month total                                  $39,084

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/273378 is the state's own key, not one this site invented.