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OWL DRAW 12 UNIT B

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 285525District 08Field 31913800Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$47.8 M
Mar 2018 – May 2026
Value, last 12 filed months
$2.4 M
at the published price for each month
Months reported
99
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 Gas112019-06-26223320
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
CondensateDisposition592,291 bbl$36,228,677
GasProduction3,463,966 Mcf$11,570,317
Total$47,798,994

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 31.9996, -104.2223. 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
8,925 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 8,925 ft.

Completions filed
Mar 2018
1 of 1 wells

1 well

42-109331097H8,925 ftMar 2018——

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 (99)

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

99 months

May 20262,5636,798106.413.05$293,434
Apr 20262,40017,49598.932.87$287,638
Mar 20262,31114,17889.753.15$252,065
Feb 20263,11514,21863.503.75$251,125
Jan 20264,97910,26659.138.00$376,515
Dec 20254234,25256.664.41$42,733
Nov 20251,61016,90458.593.93$160,702
Oct 20251,90518,01059.383.30$172,639
Sep 20252,12016,57762.743.08$184,015
Aug 20251,45014,34663.933.01$135,948
Jul 20251,41815,17666.743.32$144,949
Jun 20251,12912,53966.483.13$114,287
May 20251,50816,05660.553.23$143,208
Apr 20258398,58362.363.54$82,731
Mar 20251,53714,23267.704.27$164,802
Feb 20251,83815,93570.884.34$199,449
Jan 20251,65717,25274.324.28$196,964
Dec 20242,14819,21268.993.12$208,158
Nov 20241,80419,06969.052.20$166,488
Oct 20242,00920,62371.372.28$190,432
Sep 20242,16320,14869.612.36$198,204
Aug 20241,96018,58675.632.06$186,589
Jul 20241,74915,72479.932.15$173,551
Jun 20241,90919,29978.082.63$199,888
May 20242,07519,30578.812.20$205,972
Apr 20242,17518,56184.451.66$214,475
Mar 20241,97118,96980.301.55$187,581
Feb 20241272,42276.091.78$13,983
Jan 20241,16814,82873.023.30$134,185
Dec 20232,23220,24571.262.61$211,906
Nov 20232,12820,06777.892.81$222,089
Oct 20232,53022,52085.443.09$285,689
Sep 20232,98126,78389.042.74$338,681
Aug 2023711,09880.522.67$8,652
Jul 20238538,22374.852.64$85,571
Jun 20232,05321,97568.962.26$191,205
May 20232,24423,27570.622.23$210,314
Apr 20232,35024,47478.122.24$238,349
Mar 20232,61325,61672.852.39$251,660
Feb 20232,43622,52575.112.47$238,507
Jan 20232,73625,60776.533.39$296,135
Dec 20222,47125,22376.415.73$333,314
Nov 20222,60026,24485.005.65$369,179
Oct 20222,75826,92687.185.86$398,330
Sep 20222,25024,57684.888.16$391,611
Aug 20222,85827,14494.529.13$517,886
Jul 20223,06627,422101.587.54$518,263
Jun 20222,77825,789115.097.98$525,444
May 20223,03726,665109.378.43$557,024
Apr 20222,97626,716104.226.84$492,832
Mar 20223,05327,101108.885.08$469,986
Feb 20222,78423,54491.054.86$367,880
Jan 20223,26627,91281.844.54$393,945
Dec 20213,39129,64071.323.90$357,416
Nov 20213,18628,36077.435.24$395,209
Oct 20213,14629,51679.795.71$419,670
Sep 20213,27629,99669.865.35$389,368
Aug 20213,41332,91066.024.22$364,226
Jul 20213,13828,82170.783.98$336,875
Jun 20213,76036,50669.493.38$384,695
May 20214,13140,48163.483.02$384,394
Apr 20214,42541,72960.362.76$382,199
Mar 20215,16840,68861.302.72$427,345
Feb 20214,71334,94257.805.55$466,268
Jan 20213,41423,12450.412.81$237,084
Dec 20204,50236,56944.642.68$298,808
Nov 20205,19940,56338.772.71$311,352
Oct 20205,30942,68336.972.48$302,061
Sep 20205,93241,80437.091.99$303,251
Aug 20205,27743,60739.982.39$314,982
Jul 20205,72341,24638.371.83$294,870
Jun 20205,34232,63834.901.69$241,604
May 20206,89035,27116.921.81$180,587
Apr 20206,96848,39814.751.80$190,106
Mar 20207,71751,74330.341.86$330,181
Feb 20207,46346,47049.881.98$464,296
Jan 20208,21540,39057.252.09$554,915
Dec 20196,78528,80259.012.30$466,753
Nov 20194,48314,19155.302.75$286,945
Oct 20193,63213,90253.472.42$227,826
Sep 20194,33013,41455.052.66$274,011
Aug 201913,95327,25853.112.30$803,856
Jul 20193,55812,23156.272.46$230,298
Jun 20191152.782.49$55
May 20199,46065,92858.482.74$733,885
Apr 20199,91164,08962.632.75$797,016
Mar 201911,09073,10356.803.06$853,761
Feb 20199,75854,03350.852.79$647,066
Jan 201912,10476,98846.033.23$805,678
Dec 201815,14599,28046.594.19$1,121,136
Nov 201815,69389,39652.934.24$1,209,423
Oct 201816,81885,26561.443.40$1,323,035
Sep 201819,147104,34859.543.11$1,464,326
Aug 201824,759129,54359.403.07$1,867,936
Jul 201828,975126,60765.142.93$2,258,628
Jun 201834,119132,62560.183.08$2,461,358
May 201846,502150,48865.382.90$3,476,836
Apr 201849,839147,55563.842.90$3,609,749
Mar 201819,34759,59161.222.79$1,350,494

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         2,563 bbl  × $106.41 =   $272,729
Gas                6,798 Mcf  × $  3.05 =    $20,706

────────────────────────────────────────────────────
Month total                                 $293,434

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/285525 is the state's own key, not one this site invented.