MineralRecord
Log inSign up

SWALE 1 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 277896District 08Field 24366100CondensateGasSaveExport
Value, all time
$22.7 M
Mar 2015 – May 2026
Value, last 12 filed months
$687 k
at the published price for each month
Months reported
135
no gaps in the span
Streams
2
condensate, gas

The DERBY (BONE SPRING) 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 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
CondensateDisposition263,350 bbl$13,190,170
GasProduction3,232,641 Mcf$9,470,137
Total$22,660,307

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 31.9995, -104.2281. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

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
7,314 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 7,314 ft.

Completions filed
Mar 2015
1 of 1 wells

1 well

42-109327734H7,314 ftMar 2015——

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 (135)

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

135 months

May 202623015,210106.413.05$70,802
Apr 2026852,58098.932.87$15,813
Mar 202635610,19589.753.15$64,060
Feb 202618612,02563.503.75$56,909
Jan 20262385,99659.138.00$62,028
Dec 202521410,60156.664.41$58,911
Nov 202530310,67458.593.93$59,664
Oct 202540711,93759.383.30$63,618
Sep 202542111,95462.743.08$63,195
Aug 202542112,71563.933.01$65,247
Jul 202528611,80566.743.32$58,224
Jun 202520511,17966.483.13$48,604
May 202530211,25260.553.23$54,656
Apr 20252029,92662.363.54$47,766
Mar 202529211,46967.704.27$68,722
Feb 20251539,89670.884.34$53,802
Jan 202519211,73274.324.28$64,467
Dec 202431112,26568.993.12$59,739
Nov 202437012,36769.052.20$52,737
Oct 202445313,21371.372.28$62,475
Sep 202443813,54069.612.36$62,503
Aug 202439913,54475.632.06$58,126
Jul 202443312,82279.932.15$62,133
Jun 202433412,62878.082.63$59,341
May 202442113,72978.812.20$63,361
Apr 202447314,68484.451.66$64,309
Mar 202442113,26880.301.55$54,307
Feb 202445612,90476.091.78$57,713
Jan 202442913,49873.023.30$75,837
Dec 202352814,55271.262.61$75,616
Nov 202350813,90177.892.81$78,596
Oct 202361514,91285.443.09$98,583
Sep 202366614,13089.042.74$97,947
Aug 202346213,50580.522.67$73,297
Jul 202354013,80074.852.64$76,876
Jun 202362814,44268.962.26$75,924
May 202369115,40370.622.23$83,107
Apr 202371714,49778.122.24$88,453
Mar 202397616,73472.852.39$111,149
Feb 20231,23414,77875.112.47$129,124
Jan 202399817,55376.533.39$135,842
Dec 202271612,13176.415.73$124,209
Nov 20221,00922,50285.005.65$212,816
Oct 2022242,74587.185.86$18,188
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 20221857101.587.54$2,258
Jun 20222013,051115.097.98$47,472
May 202250311,750109.378.43$154,101
Apr 202257711,667104.226.84$139,909
Mar 202268712,042108.885.08$135,931
Feb 202248510,79391.054.86$96,601
Jan 202253713,82781.844.54$106,691
Dec 202154212,39471.323.90$86,981
Nov 202148911,70377.435.24$99,150
Oct 202153113,34779.795.71$118,632
Sep 202145912,45269.865.35$98,695
Aug 202150113,53566.024.22$90,202
Jul 202151514,02370.783.98$92,292
Jun 202150513,42769.493.38$80,484
May 202158614,10563.483.02$79,764
Apr 202157913,23560.362.76$71,456
Mar 202162714,57561.302.72$78,035
Feb 202147411,35157.805.55$90,372
Jan 202176315,67350.412.81$82,508
Dec 202076515,46744.642.68$75,531
Nov 202067415,26038.772.71$67,433
Oct 202060817,98636.972.48$67,055
Sep 20206898,40537.091.99$42,290
Aug 202063815,28539.982.39$61,963
Jul 202064015,06938.371.83$52,060
Jun 202084713,69034.901.69$52,701
May 202072014,36116.921.81$38,244
Apr 202073013,30614.751.80$34,777
Mar 202074615,57430.341.86$51,543
Feb 202066916,25449.881.98$65,564
Jan 202074617,54057.252.09$79,450
Dec 201971617,07759.012.30$81,603
Nov 201961917,06955.302.75$81,182
Oct 201991817,28353.472.42$90,885
Sep 20191,07918,50155.052.66$108,561
Aug 201997320,25953.112.30$98,360
Jul 201968621,46256.272.46$91,399
Jun 20194599,46152.782.49$47,795
May 20191,18421,42358.482.74$127,946
Apr 20191,27421,16662.632.75$138,012
Mar 20191,42222,76856.803.06$150,487
Feb 20191,26422,30150.852.79$126,544
Jan 20191,39025,41746.033.23$146,032
Dec 20181,29323,70646.594.19$159,461
Nov 20181,09723,21552.934.24$156,432
Oct 20181,40423,68361.443.40$166,738
Sep 20181,42523,90359.543.11$159,135
Aug 20181,53822,85259.403.07$161,434
Jul 20181,49725,51165.142.93$172,310
Jun 20181,24822,44060.183.08$144,151
May 20181,52724,59865.382.90$171,189
Apr 20181,68124,68963.842.90$178,933
Mar 20181,62425,27361.222.79$169,853
Feb 20181,23223,08861.782.77$139,977
Jan 20181,14127,14862.874.01$180,580
Dec 20171,24429,32157.272.92$156,906
Nov 20171,23528,28155.423.12$156,634
Oct 20171,30228,72449.292.98$149,879
Sep 20171,41727,46847.523.09$152,137
Aug 20171,83126,24945.373.00$161,935
Jul 20171,92228,81243.873.09$173,269
Jun 20172,10527,80942.493.09$175,296
May 20172,38629,10645.373.26$203,237
Apr 20172,24228,19147.933.21$197,997
Mar 20172,60629,09446.772.98$208,690
Feb 20172,53826,02850.452.95$204,892
Jan 20172,87629,96849.413.42$244,558
Dec 20162,94929,77448.763.72$254,637
Nov 20162,76828,84042.492.64$193,875
Oct 20162,72830,37846.193.09$219,882
Sep 20163,04029,48041.553.10$217,719
Aug 20163,27731,73141.442.92$228,591
Jul 20163,46333,19241.622.92$241,195
Jun 20162,58622,21445.352.69$176,938
May 20163,79544,31142.521.99$249,588
Apr 20163,97047,06436.561.99$238,850
Mar 20164,07351,50533.011.79$226,850
Feb 20163,92950,13726.472.06$207,465
Jan 20165,02558,05927.352.36$274,706
Dec 20154,29663,48532.362.00$266,078
Nov 20155,87174,94938.792.17$390,175
Oct 20156,94988,80343.552.43$518,117
Sep 20156,53299,09542.992.76$554,156
Aug 201511,268113,23940.162.87$777,801
Jul 201511,907106,90448.152.95$888,163
Jun 201513,645121,13856.152.88$1,115,391
May 201521,837134,84355.212.96$1,604,143
Apr 201530,751105,99249.822.71$1,818,890
Mar 201518,50247,76742.892.93$933,733

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           230 bbl  × $106.41 =    $24,474
Gas               15,210 Mcf  × $  3.05 =    $46,327

────────────────────────────────────────────────────
Month total                                  $70,802

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/277896 is the state's own key, not one this site invented.