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Z&T 32

Operated by LRR PECOS VALLEY, LLC (P-5 511724) in the SANDBAR (BONE SPRING) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 280664District 08Field 80544500Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.3 M
Aug 2014 – May 2026
Value, last 12 filed months
$807 k
at the published price for each month
Months reported
142
no gaps in the span
Streams
2
condensate, gas

The SANDBAR (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 1,654 leases and 2,003 wells, and the rule below applies to all of them.

Discovered
2010-09-15
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 20 acres. The field rule took effect on 2015-08-25.

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: “DKT08-0319479 ORDER NUNC PRO TUNC REGARDING SWR13”

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 Gas112017-01-27219472
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
CondensateDisposition146,988 bbl$9,504,351
GasProduction564,202 Mcf$1,825,807
Total$11,330,158

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 31.9131, -103.6714. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.91312, -103.67138 · 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
9,171 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 9,171 ft.

Completions filed
Oct 2013
1 of 1 wells

1 well

42-30131957F001AH9,171 ftOct 2013——

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 (142)

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

142 months

May 20269384,246106.413.05$112,745
Apr 20269181,51098.932.87$95,151
Mar 20269602,27789.753.15$93,331
Feb 202671696463.503.75$49,081
Jan 20268722,73259.138.00$73,412
Dec 20259581,59656.664.41$61,324
Nov 20258401,37658.593.93$54,618
Oct 20255631,29859.383.30$37,721
Sep 20257741,60462.743.08$53,496
Aug 20257781,97863.933.01$55,701
Jul 20258841,33166.743.32$63,411
Jun 20257652,11366.483.13$57,468
May 20257626,43060.553.23$66,923
Apr 20258423,27762.363.54$64,118
Mar 20258431,04767.704.27$61,540
Feb 2025898070.884.34$63,650
Jan 2025970074.324.28$72,090
Dec 2024941068.993.12$64,920
Nov 20241,05946169.052.20$74,137
Oct 20241,14573271.372.28$83,389
Sep 20241,41223869.612.36$98,852
Aug 20241,16421375.632.06$88,473
Jul 20241,139079.932.15$91,040
Jun 20241,20494678.082.63$96,500
May 20241,06431278.812.20$84,540
Apr 20241,5032,83884.451.66$131,637
Mar 20241,2892,44980.301.55$107,291
Feb 20241,11084576.091.78$85,967
Jan 20248773,04273.023.30$74,070
Dec 20231,26220571.262.61$90,465
Nov 20231,1298277.892.81$88,168
Oct 20231,3543,89285.443.09$127,701
Sep 20231,3577,57889.042.74$141,553
Aug 20231,4486,87280.522.67$134,961
Jul 20231,35263174.852.64$102,864
Jun 20231,60747368.962.26$111,887
May 20231,703070.622.23$120,266
Apr 20231,677078.122.24$131,007
Mar 20232,378072.852.39$173,237
Feb 20231,7571,24775.112.47$135,043
Jan 20232,9344,02276.533.39$238,164
Dec 20223,2223,12976.415.73$264,119
Nov 20223,2891,34785.005.65$287,170
Oct 202229948287.185.86$28,893
Sep 20220084.888.16$0
Aug 20221,2605,29994.529.13$167,460
Jul 20221,7951,069101.587.54$190,399
Jun 20221,099764115.097.98$132,578
May 20221,1371,278109.378.43$135,131
Apr 20221,186661104.226.84$128,125
Mar 202291213,931108.885.08$170,018
Feb 20221,18010,69791.054.86$159,414
Jan 20221,1921,14981.844.54$102,767
Dec 20211,8192,86771.323.90$140,910
Nov 20212,18512,54577.435.24$234,881
Oct 20211,4089,19379.795.71$164,872
Sep 20219643,85769.865.35$87,984
Aug 20219652,95866.024.22$76,194
Jul 20211,3066,08770.783.98$116,678
Jun 20218775,99869.493.38$81,220
May 20211,2543,22063.483.02$89,321
Apr 20211,2471,77460.362.76$80,162
Mar 202184899061.302.72$54,672
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 202061014.751.80$900
Mar 20202,3474,31130.341.86$79,210
Feb 20208864,30249.881.98$52,715
Jan 20201,32611,77057.252.09$100,569
Dec 20196062,89659.012.30$42,433
Nov 20193772,02255.302.75$26,410
Oct 20194231,81953.472.42$27,017
Sep 20197422,37355.052.66$47,153
Aug 20194193,38053.112.30$30,042
Jul 20191,19210,12556.272.46$91,982
Jun 20191,3519,72052.782.49$95,520
May 20191,52011,44958.482.74$120,264
Apr 20192,54311,97562.632.75$192,208
Mar 2019582,84256.803.06$11,997
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 201850065.142.93$3,257
Jun 20184532,24260.183.08$34,160
May 20187734,24665.382.90$62,856
Apr 20181,3338,27163.842.90$109,091
Mar 20181,7379,06361.222.79$131,596
Feb 20187445,23161.782.77$60,434
Jan 20187604,92362.874.01$67,519
Dec 20179175,90957.272.92$69,780
Nov 20179866,28255.423.12$74,234
Oct 20171,0397,37149.292.98$73,205
Sep 20179302,74847.523.09$52,677
Aug 20179673,90845.373.00$55,614
Jul 20171,0045,59343.873.09$61,313
Jun 20179124,53642.493.09$52,755
May 20179776,52945.373.26$65,633
Apr 20179975,92147.933.21$66,802
Mar 20171,1135,33146.772.98$67,961
Feb 20179964,44950.452.95$63,384
Jan 20171,2075,29349.413.42$77,734
Dec 20161,2014,90448.763.72$76,818
Nov 20161,0395,09742.492.64$57,625
Oct 20161,0646,22146.193.09$68,371
Sep 20161,0775,87641.553.10$62,969
Aug 20161,0166,15541.442.92$60,102
Jul 20161,0876,12241.622.92$63,144
Jun 20161,0395,76645.352.69$62,605
May 20161,0685,66542.521.99$56,691
Apr 20161,2006,60936.561.99$57,031
Mar 20161,2747,25633.011.79$55,072
Feb 20161,2708,38326.472.06$50,916
Jan 20161,2968,87027.352.36$56,417
Dec 20151,3517,85832.362.00$59,445
Nov 20151,3369,27838.792.17$71,932
Oct 20151,4459,96943.552.43$87,120
Sep 20151,1298,76742.992.76$72,719
Aug 20151,3339,05040.162.87$79,529
Jul 20151,3958,72548.152.95$92,865
Jun 20151,2969,32656.152.88$99,656
May 20151,36910,91655.212.96$107,844
Apr 20151,48212,10749.822.71$106,602
Mar 20151,54311,94542.892.93$101,234
Feb 20151,77411,80944.662.98$114,373
Jan 20151,4906,58243.433.10$85,119
Dec 20141,5207,42854.693.59$109,805
Nov 20142,0047,80870.464.25$174,400
Oct 20141,8327,80778.303.90$173,900
Sep 20141,72210,92186.164.05$192,548
Aug 20140089.394.04$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.

May 2026 — as filed, then multipliedworked
Condensate           938 bbl  × $106.41 =    $99,813
Gas                4,246 Mcf  × $  3.05 =    $12,933

────────────────────────────────────────────────────
Month total                                 $112,745

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/280664 is the state's own key, not one this site invented.