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GRINDSTONE 2 FEE

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 286003District 08Field 24366100CondensateGasSaveExport
Value, all time
$21.7 M
Sep 2018 – May 2026
Value, last 12 filed months
$1.0 M
at the published price for each month
Months reported
93
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
CondensateDisposition181,857 bbl$10,489,954
GasProduction3,396,226 Mcf$11,247,025
Total$21,736,979

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, -104.2392. 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
7,266 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 7,266 ft.

Completions filed
Sep 2018
1 of 1 wells

1 well

42-109333174H7,266 ftSep 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 (93)

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

93 months

May 202614524,481106.413.05$89,995
Apr 2026874,40198.932.87$21,237
Mar 202621013,85089.753.15$62,467
Feb 202625915,98663.503.75$76,399
Jan 202643715,40659.138.00$149,056
Dec 202570120,52956.664.41$130,321
Nov 202533318,12358.593.93$90,669
Oct 202550316,85959.383.30$85,584
Sep 202535218,00862.743.08$77,494
Aug 202527517,02463.933.01$68,904
Jul 202537714,38266.743.32$72,840
Jun 202533221,15566.483.13$88,259
May 202551412,53060.553.23$71,624
Apr 202533519,79862.363.54$91,037
Mar 202535718,93367.704.27$104,981
Feb 202547519,24270.884.34$117,194
Jan 202589822,10674.324.28$161,324
Dec 202460321,59868.993.12$109,016
Nov 202468820,31169.052.20$92,159
Oct 202479121,29271.372.28$105,029
Sep 202460420,45269.612.36$90,400
Aug 202449320,19575.632.06$78,961
Jul 202440219,84079.932.15$74,720
Jun 202461419,40678.082.63$99,056
May 202447219,58678.812.20$80,257
Apr 202451220,03884.451.66$76,485
Mar 202448423,02880.301.55$74,446
Feb 202457221,78176.091.78$82,373
Jan 202476423,44273.023.30$133,091
Dec 202375125,22171.262.61$119,361
Nov 202384623,02277.892.81$130,531
Oct 202358321,42085.443.09$115,941
Sep 202340718,62089.042.74$87,166
Aug 202336921,38180.522.67$86,861
Jul 202343820,65274.852.64$87,343
Jun 202352022,40868.962.26$86,467
May 202343423,00570.622.23$81,890
Apr 202341222,13578.122.24$81,718
Mar 202353123,23572.852.39$94,288
Feb 202353020,91475.112.47$91,376
Jan 202370523,26176.533.39$132,755
Dec 202263323,42276.415.73$182,554
Nov 202250723,17085.005.65$173,917
Oct 202277524,47287.185.86$211,062
Sep 202289426,30784.888.16$290,645
Aug 202288127,71394.529.13$336,213
Jul 202265126,527101.587.54$266,197
Jun 202258825,690115.097.98$272,607
May 202295428,363109.378.43$343,525
Apr 202270527,270104.226.84$259,936
Mar 202297528,989108.885.08$253,318
Feb 202263525,48291.054.86$181,630
Jan 202285329,62481.844.54$204,234
Dec 202180629,84571.323.90$173,853
Nov 202198229,90477.435.24$232,639
Oct 202161032,11979.795.71$232,196
Sep 202197532,52169.865.35$242,131
Aug 202163934,48166.024.22$187,717
Jul 202184735,41870.783.98$200,988
Jun 202166739,65669.493.38$180,412
May 20219214,51463.483.02$49,639
Apr 202185936,58760.362.76$152,772
Mar 202189838,04161.302.72$158,403
Feb 20211,05532,28557.805.55$240,095
Jan 20211,46741,17250.412.81$189,656
Dec 20201,10341,45244.642.68$160,141
Nov 20201,26242,25838.772.71$163,302
Oct 202046028,87136.972.48$88,561
Sep 202099240,41737.091.99$117,265
Aug 20201,28542,69339.982.39$153,201
Jul 20201,33345,11838.371.83$133,493
Jun 20201,39744,70934.901.69$124,327
May 20201,32549,27816.921.81$111,846
Apr 20201,80649,40814.751.80$115,789
Mar 20202,10853,97530.341.86$164,147
Feb 20202,25747,87149.881.98$207,396
Jan 20202,25152,93057.252.09$239,744
Dec 20192,29753,30159.012.30$258,371
Nov 20192,76357,09255.302.75$309,837
Oct 20193,05361,05153.472.42$310,898
Sep 20193,48263,71055.052.66$360,979
Aug 20193,45668,33753.112.30$341,021
Jul 20193,79272,95456.272.46$392,847
Jun 20194,40783,46752.782.49$440,534
May 20195,49993,70858.482.74$578,371
Apr 20196,068100,12062.632.75$655,439
Mar 20197,805120,71756.803.06$812,972
Feb 20199,466116,84350.852.79$807,597
Jan 201910,772117,28346.033.23$874,446
Dec 201814,383113,26146.594.19$1,144,151
Nov 201817,70299,03752.934.24$1,356,610
Oct 201830,270113,73761.443.40$2,246,276
Sep 20180059.543.11$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           145 bbl  × $106.41 =    $15,429
Gas               24,481 Mcf  × $  3.05 =    $74,565

────────────────────────────────────────────────────
Month total                                  $89,995

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/286003 is the state's own key, not one this site invented.