SABINE

Operated by LIBERTAD OPERATING LLC (P-5 500295) in the COWDEN, NORTH field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 14218District 08Field 21289001Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$1.7 M
Jan 1993 – May 2026
Value, last 12 filed months
$33 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
oil, casinghead 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 193 leases and 3,124 wells, and the rule below applies to all of them.

Discovered
1930-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
880 ft
minimum
From a lease line
440 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 1974-03-03.

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: OPTIONAL 20ACRE UNITS PER #8-64059 6-3-74

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
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
OilDisposition53,263 bbl$1,706,562
Casinghead gasProduction8,851 Mcf$3,746
Total$1,710,307

7,328 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (5)

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 31.9885, -102.4598. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.98864, -102.46020 · 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
80.0%
4 of 5 wells
With a plug date
80.0%
4 of 5 wells
Median depth
4,591 ft
5 wells filed one
Completion to plug
11.2 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
480.0%
A plug date is filed
480.0%
BothOn the schedule and plugged. Neither fact cancels the other.
480.0%
NeitherNo plug date, and not on the schedule.
120.0%

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

Between 4,386 and 4,600 ft, median 4,591 ft, over the 5 wells that filed a depth.

Completions filed
Aug 1959 – Oct 1987
5 of 5 wells
Plug dates filed
Jan 1959 – Feb 2008
4 of 5 wells; 1 filed none

Last completion to plug: a median of 11.2 years across the 3 wells that filed both dates, with the middle half between 9.2 years and 29.8 years. A further 1 well is excluded, because the last completion the Commission holds for it is dated after the plug date. Both dates are the latest of their kind on the wellbore record and they are filed separately, so the two need not run in order. The gap is the distance between two filed dates — it is not a statement of how long the well produced.

5 wells

42-1353438344,600 ftOct 1987Dec 1994Yes
42-1353432454,600 ftOct 1983Dec 1994Yes
42-1350824434,386 ftSep 1959Jan 1959Yes
42-1350824324,510 ftAug 1959Feb 2008Yes
42-1350824214,591 ftAug 1959

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 (401)

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

401 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 2026171063.503.75$10,859
Jan 20260059.138.00$0
Dec 2025175056.664.41$9,916
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 2025190063.933.01$12,147
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 2025170062.363.54$10,601
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 2024181069.052.20$12,498
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 2024168078.082.63$13,117
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20241080.301.55$80
Feb 20240076.091.78$0
Jan 2024171073.023.30$12,486
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 2023164089.042.74$14,603
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 2023141078.122.24$11,015
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 2023152076.533.39$11,633
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 2022169084.888.16$14,345
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 20221420109.378.43$15,531
Apr 202220104.226.84$208
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 2022153081.844.54$12,522
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 2021139069.865.35$9,711
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 2021142063.483.02$9,014
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 2021151050.412.81$7,612
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 2020149037.091.99$5,526
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 2020169034.901.69$5,898
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 2020176049.881.98$8,779
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 2019152055.052.66$8,368
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 2019139052.782.49$7,336
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 2019172056.803.06$9,770
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 2018160052.934.24$8,469
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 2018162059.403.07$9,623
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 2018172065.382.90$11,245
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 2018171061.782.77$10,564
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 2017173049.292.98$8,527
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 2017175042.493.09$7,436
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 2017164050.452.95$8,274
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 2016174042.492.64$7,393
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 2016158041.442.92$6,548
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 2016150042.521.99$6,378
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 2016157026.472.06$4,156
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 2015145038.792.17$5,625
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 2015156040.162.87$6,265
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 2015170049.822.71$8,469
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 2014162054.693.59$8,860
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 2014123086.164.05$10,598
Aug 20140089.394.04$0
Jul 2014137096.564.18$13,229
Jun 20140098.164.74$0
May 2014136094.734.73$12,883
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 2014151097.406.19$14,707
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 2013149088.853.74$13,239
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 20131670104.253.52$17,410
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 2013137094.834.15$12,992
Apr 20130093.964.28$0
Mar 2013168093.623.91$15,728
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 2012138086.773.42$11,974
Nov 20120086.953.62$0
Oct 2012175089.383.40$15,642
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 2012143079.822.52$11,414
May 20120091.612.49$0
Apr 20121730101.652.00$17,585
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 2012166098.092.73$16,283
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 2011147084.983.65$12,492
Sep 20110083.623.99$0
Aug 2011163083.404.15$13,594
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 2011145098.134.40$14,229
Apr 201100105.964.33$0
Mar 2011178096.364.06$17,152
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 2010170085.734.35$14,574
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 2010168072.633.98$12,202
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 2010170070.364.91$11,961
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 2010175078.394.39$13,718
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 2009175071.445.48$12,502
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 2009166065.543.06$10,880
Aug 20090067.423.22$0
Jul 2009169061.133.46$10,331
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 2009176046.773.59$8,232
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 2009176035.865.37$6,311
Dec 20080037.105.98$0
Nov 2008167055.496.86$9,267
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 20081370114.228.48$15,648
Jul 200800131.0811.39$0
Jun 20081630131.3313.03$21,407
May 200800123.1711.57$0
Apr 20081570110.3110.45$17,319
Mar 200800101.909.66$0
Feb 2008160092.538.77$14,805
Jan 20080090.388.21$0
Dec 2007166088.337.30$14,663
Nov 20070091.677.29$0
Oct 2007158082.856.92$13,090
Sep 20070075.846.24$0
Aug 2007167069.066.39$11,533
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 2007158058.747.85$9,281
Apr 2007168059.617.81$10,014
Mar 2007159056.927.30$9,050
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 2006157056.656.92$8,894
Nov 20060054.207.62$0
Oct 2006162054.906.01$8,894
Sep 20060060.085.04$0
Aug 2006142068.717.34$9,757
Jul 2006161069.376.34$11,169
Jun 20060066.286.38$0
May 2006138066.016.42$9,109
Apr 20060064.397.36$0
Mar 2006169056.707.08$9,582
Feb 20060057.597.75$0
Jan 2006166060.598.93$10,058
Dec 20050054.9413.42$0
Nov 2005176054.6910.59$9,625
Oct 20050058.3413.80$0
Sep 2005167061.4512.08$10,262
Aug 20050061.519.80$0
Jul 2005178055.697.84$9,913
Jun 20050052.337.38$0
May 2005175045.226.65$7,914
Apr 20050049.207.36$0
Mar 2005184050.377.15$9,268
Feb 20050045.226.31$0
Jan 2005167043.166.32$7,208
Dec 20040039.866.75$0
Nov 2004178045.286.33$8,060
Oct 2004177049.706.52$8,797
Sep 20040043.245.28$0
Aug 2004173042.375.55$7,330
Jul 20040038.286.08$0
Jun 2004184036.106.43$6,642
May 20040037.486.49$0
Apr 2004178034.475.86$6,136
Mar 20040034.365.53$0
Feb 2004176032.455.51$5,711
Jan 20040032.036.30$0
Dec 2003178030.266.30$5,386
Nov 20030028.804.60$0
Oct 2003173028.174.76$4,873
Sep 20030026.314.75$0
Aug 2003183029.765.13$5,446
Jul 2003178029.415.17$5,235
Jun 20030028.565.98$0
May 2003179026.595.97$4,760
Apr 20030026.675.41$0
Mar 2003175031.146.10$5,450
Feb 20030033.487.93$0
Jan 2003177030.315.58$5,365
Dec 2002170026.914.85$4,575
Nov 20020024.664.14$0
Oct 2002188026.464.23$4,974
Sep 2002179027.443.64$4,912
Aug 20020025.963.16$0
Jul 2002177024.583.06$4,351
Jun 2002180023.733.34$4,271
May 2002167024.663.58$4,118
Apr 20020023.653.51$0
Mar 2002176022.003.10$3,872
Feb 2002180018.222.38$3,280
Jan 2002181017.172.38$3,108
Dec 2001187016.932.36$3,166
Nov 20010018.072.41$0
Oct 2001179019.782.53$3,541
Sep 2001179024.262.25$4,343
Aug 2001176024.873.05$4,377
Jul 2001181023.933.20$4,331
Jun 20010024.563.82$0
May 2001179025.524.31$4,568
Apr 2001356024.685.34$8,786
Mar 2001179024.545.38$4,393
Feb 20010027.755.77$0
Jan 2001189027.478.40$5,192
Dec 2000180026.889.12$4,838
Nov 2000182032.215.66$5,862
Oct 2000185031.235.15$5,778
Sep 2000182031.875.19$5,800
Aug 2000182029.644.54$5,394
Jul 2000182028.534.09$5,192
Jun 2000183029.304.40$5,362
May 2000187027.263.68$5,098
Apr 2000338024.513.12$8,284
Mar 20000028.422.86$0
Feb 2000348027.622.73$9,612
Jan 2000180025.272.48$4,549
Dec 1999181024.282.42$4,395
Nov 1999177023.192.43$4,105
Oct 1999344020.982.80$7,217
Sep 1999177021.752.62$3,850
Aug 1999333019.262.88$6,414
Jul 1999188017.892.37$3,363
Jun 1999325015.942.36$5,181
May 1999173015.792.32$2,732
Apr 1999346015.102.21$5,225
Mar 1999184012.471.84$2,294
Feb 199919109.981.82$1,906
Jan 1999534010.381.90$5,543
Dec 1998009.201.77$0
Nov 1998549010.892.19$5,979
Oct 19980012.421.97$0
Sep 1998364012.592.08$4,583
Aug 1998184011.301.91$2,079
Jul 19983738011.742.24$4,558
Jun 19983588011.242.24$4,203
May 19985508012.622.21$7,118
Apr 199808013.042.51$200
Mar 19985628012.802.31$7,378
Feb 199808013.952.30$184
Jan 19985468014.702.15$8,199
Dec 19971868016.322.41$3,228
Nov 19973778018.193.09$7,105
Oct 19973728019.253.15$7,413
Sep 19973728017.742.95$6,836
Aug 19973588017.862.55$6,598
Jul 19973728017.582.25$6,720
Jun 19975628017.242.26$9,869
May 19973848018.972.31$7,469
Apr 19973928017.882.08$7,176
Mar 19973948018.951.94$7,621
Feb 19973978020.492.21$8,311
Jan 19973948323.483.54$9,545
Dec 19963968423.32$9,235
Nov 19963548421.97$7,777
Oct 19963918323.31$9,114
Sep 19963858022.22$8,555
Aug 199637511020.26$7,598
Jul 199638610619.55$7,546
Jun 19963898818.73$7,286
May 199639012419.43$7,578
Apr 199639214721.51$8,432
Mar 199678913719.38$15,291
Feb 199639169916.98$6,639
Jan 199639918517.07$6,811
Dec 199539916217.19$6,859
Nov 19951,17417316.00$18,784
Oct 199551315415.43$7,916
Sep 199576516816.18$12,378
Aug 199569917715.92$11,128
Jul 19951,10424415.24$16,825
Jun 199539713316.41$6,515
May 199537021717.56$6,497
Apr 199539216917.73$6,950
Mar 199539020316.44$6,412
Feb 1995013116.58$0
Jan 199539213615.92$6,241
Dec 199438715015.03$5,817
Nov 199436411115.90$5,788
Oct 19943218015.58$5,001
Sep 19943868815.29$5,902
Aug 19943888016.13$6,258
Jul 19943799417.56$6,655
Jun 199438314517.09$6,545
May 199433612115.88$5,336
Apr 199410516914.14$1,485
Mar 199429319112.46$3,651
Feb 199436211312.50$4,525
Jan 199439215412.66$4,963
Dec 199338618012.33$4,759
Nov 199338817414.49$5,622
Oct 1993019415.85$0
Sep 199338517615.03$5,787
Aug 199375520915.66$11,823
Jul 1993020815.46$0
Jun 199338914616.79$6,531
May 199339115117.68$6,913
Apr 199339215318.05$7,076
Mar 19933938618.14$7,129
Feb 19933918117.90$6,999
Jan 19933948016.93$6,670

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.

Feb 2026 — as filed, then multipliedworked
Oil                  171 bbl  × $ 63.50 =    $10,859
Casinghead gas         0 Mcf  × $  3.75 =         $0

────────────────────────────────────────────────────
Month total                                  $10,859

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/O/14218 is the state's own key, not one this site invented.