WHEAT, JAMES J.

Operated by M2 SQUARED OPERATING, LLC (P-5 519348) in the WHEAT field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 14399District 08Field 96742001NGPA filingOilCasinghead gasSaveExport
Value, all time
$1.4 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
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 142 leases and 286 wells, and the rule below applies to all of them.

Discovered
1925-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres.

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
NGPA3none

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
OilDisposition29,588 bbl$1,268,606
Casinghead gasProduction36,757 Mcf$132,706
Total$1,401,312

9,030 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 (4)

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 31.7521, -103.5771. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.75214, -103.57711 · 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
25.0%
1 of 4 wells
With a plug date
0.0%
0 of 4 wells
Median depth
no depth filed
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
125.0%
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.
375.0%

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.

4 wells

42-301000272Yes
42-301000261
42-301000283
42-301000294

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 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 2024148075.632.06$11,193
Jul 20240079.932.15$0
Jun 2024176078.082.63$13,742
May 20240078.812.20$0
Apr 2024171084.451.66$14,441
Mar 2024102080.301.55$8,191
Feb 20240076.091.78$0
Jan 2024172073.023.30$12,559
Dec 20230071.262.61$0
Nov 2023170077.892.81$13,241
Oct 2023331085.443.09$28,281
Sep 2023158089.042.74$14,068
Aug 20230080.522.67$0
Jul 2023182074.852.64$13,623
Jun 2023182068.962.26$12,551
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
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 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
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 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 2015168042.892.93$7,206
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 2014163086.164.05$14,044
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 2014168095.944.81$16,118
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 2013166091.824.35$15,242
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 20131660104.113.72$17,282
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 2013165094.403.93$15,576
May 20130094.834.15$0
Apr 2013168093.964.28$15,785
Mar 20130093.623.91$0
Feb 2013173091.233.42$15,783
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 2012167086.953.62$14,521
Oct 201204789.383.40$160
Sep 20121664394.672.92$15,841
Aug 201204392.662.91$125
Jul 20121884385.133.02$16,134
Jun 20121784379.822.52$14,316
May 20121747791.612.49$16,132
Apr 2012084101.652.00$168
Mar 201216990105.052.22$17,953
Feb 2012090101.102.57$231
Jan 20121639098.092.73$16,235
Dec 201109096.873.24$292
Nov 20111859095.723.31$18,006
Oct 201109084.983.65$328
Sep 201109083.623.99$359
Aug 20111759083.404.15$14,968
Jul 20111699094.144.52$16,316
Jun 201109092.904.64$418
May 20111649098.134.40$16,490
Apr 2011090105.964.33$390
Mar 20111649096.364.06$16,168
Feb 201109085.644.18$376
Jan 20111709086.504.59$15,118
Dec 201009085.734.35$391
Nov 20101629080.843.80$13,438
Oct 201009078.103.51$316
Sep 20101519072.633.98$11,325
Aug 20101749073.684.42$13,218
Jul 20101799072.554.74$13,413
Jun 20101629070.364.91$11,840
May 20101809071.124.24$13,183
Apr 20101749081.694.12$14,585
Mar 201009078.394.39$395
Feb 20101759073.585.44$13,366
Jan 20101799074.365.96$13,847
Dec 200909071.445.48$494
Nov 20091779074.593.75$13,540
Oct 200909072.544.11$370
Sep 20091729065.543.06$11,549
Aug 20091859067.423.22$12,762
Jul 200909061.133.46$312
Jun 200909066.163.90$351
May 200909054.743.93$353
Apr 200909046.773.59$323
Mar 20091799042.144.06$7,908
Feb 200909032.814.63$417
Jan 20091809035.865.37$6,938
Dec 200809037.105.98$538
Nov 200809055.496.86$617
Oct 20081789075.246.92$14,016
Sep 2008090101.767.88$709
Aug 200817690114.228.48$20,866
Jul 2008090131.0811.39$1,025
Jun 2008090131.3313.03$1,173
May 2008170105123.1711.57$22,154
Apr 20080101110.3110.45$1,056
Mar 200817697101.909.66$18,872
Feb 200809792.538.77$851
Jan 200809290.388.21$755
Dec 2007011188.337.30$811
Nov 200717911291.677.29$17,226
Oct 2007011382.856.92$782
Sep 200717910875.846.24$14,250
Aug 200709969.066.39$632
Jul 200715310270.906.39$11,499
Jun 2007111262.007.55$907
May 200717114058.747.85$11,143
Apr 200709659.617.81$749
Mar 200709156.927.30$664
Feb 20071759255.108.22$10,398
Jan 200709450.306.73$632
Dec 2006013156.656.92$906
Nov 200615620254.207.62$9,994
Oct 200616619254.906.01$10,268
Sep 2006015460.085.04$776
Aug 2006013968.717.34$1,020
Jul 200617613369.376.34$13,053
Jun 2006012566.286.38$798
May 2006012266.016.42$784
Apr 200618413164.397.36$12,812
Mar 2006013156.707.08$928
Feb 2006011857.597.75$915
Jan 200618316060.598.93$12,517
Dec 2005016754.9413.42$2,240
Nov 2005016254.6910.59$1,715
Oct 200517116558.3413.80$12,252
Sep 2005013161.4512.08$1,582
Aug 200511418661.519.80$8,834
Jul 2005015355.697.84$1,200
Jun 200517919452.337.38$10,799
May 2005020445.226.65$1,357
Apr 200518020949.207.36$10,394
Mar 200517718750.377.15$10,253
Feb 2005019945.226.31$1,256
Jan 200517719543.166.32$8,872
Dec 2004021939.866.75$1,478
Nov 200417812445.286.33$8,845
Oct 2004015849.706.52$1,029
Sep 200415018543.245.28$7,464
Aug 200414115342.375.55$6,823
Jul 200417619038.286.08$7,893
Jun 200415516336.106.43$6,644
May 200417620037.486.49$7,895
Apr 2004013634.475.86$797
Mar 200416216334.365.53$6,468
Feb 2004018432.455.51$1,014
Jan 200417713732.036.30$6,532
Dec 2003016130.266.30$1,015
Nov 200316414228.804.60$5,376
Oct 200318213928.174.76$5,789
Sep 200309626.314.75$456
Aug 20031639629.765.13$5,343
Jul 200317213329.415.17$5,746
Jun 2003010128.565.98$604
May 200318518426.595.97$6,018
Apr 200318323126.675.41$6,130
Mar 200317021031.146.10$6,574
Feb 2003021033.487.93$1,664
Jan 200315721830.315.58$5,976
Dec 200217924426.914.85$6,001
Nov 200218115424.664.14$5,101
Oct 20021849026.464.23$5,249
Sep 200209027.443.64$327
Aug 200218011725.963.16$5,043
Jul 200218014624.583.06$4,871
Jun 200217810223.733.34$4,564
May 200217920524.663.58$5,149
Apr 200217225023.653.51$4,946
Mar 200216930722.003.10$4,671
Feb 200218129118.222.38$3,989
Jan 2002023517.172.38$558
Dec 200115527616.932.36$3,277
Nov 200115916618.072.41$3,272
Oct 200117915419.782.53$3,930
Sep 2001013724.262.25$308
Aug 200115815524.873.05$4,403
Jul 200115918723.933.20$4,403
Jun 200117918024.563.82$5,085
May 2001020425.524.31$879
Apr 200116018524.685.34$4,936
Mar 200117018724.545.38$5,177
Feb 200118016627.755.77$5,952
Jan 200118820127.478.40$6,853
Dec 2000024226.889.12$2,208
Nov 200018322232.215.66$7,151
Oct 200018420931.235.15$6,822
Sep 200018117531.875.19$6,676
Aug 200017519429.644.54$6,068
Jul 200018019628.534.09$5,937
Jun 200018021429.304.40$6,215
May 200018621427.263.68$5,858
Apr 200017222424.513.12$4,914
Mar 200018020628.422.86$5,705
Feb 200017120827.622.73$5,290
Jan 200017119825.272.48$4,812
Dec 199919022324.282.42$5,154
Nov 199917321323.192.43$4,530
Oct 199918321420.982.80$4,439
Sep 199917619821.752.62$4,347
Aug 199918211819.262.88$3,845
Jul 199915111117.892.37$2,965
Jun 199917114115.942.36$3,059
May 1999011615.792.32$269
Apr 199917912715.102.21$2,983
Mar 199917816412.471.84$2,521
Feb 199901209.981.82$218
Jan 1999015710.381.90$298
Dec 19981671569.201.77$1,813
Nov 1998016510.892.19$361
Oct 199817619512.421.97$2,570
Sep 1998015512.592.08$323
Aug 199817917311.301.91$2,353
Jul 199825119111.742.24$3,374
Jun 1998017711.242.24$396
May 199817517412.622.21$2,592
Apr 1998023813.042.51$596
Mar 199817621112.802.31$2,740
Feb 1998015613.952.30$359
Jan 199818021114.702.15$3,101
Dec 199718920216.322.41$3,572
Nov 1997024518.193.09$757
Oct 199718322119.253.15$4,219
Sep 1997027417.742.95$810
Aug 199718328717.862.55$4,002
Jul 199717426117.582.25$3,645
Jun 199717121817.242.26$3,440
May 1997018518.972.31$427
Apr 199718916917.882.08$3,731
Mar 1997017318.951.94$335
Feb 199718916820.492.21$4,243
Jan 199718118423.483.54$4,901
Dec 1996023023.32$0
Nov 199618221921.97$3,999
Oct 199618720723.31$4,359
Sep 1996021422.22$0
Aug 199615520820.26$3,140
Jul 199618123319.55$3,539
Jun 199618324918.73$3,428
May 199614726219.43$2,856
Apr 1996027021.51$0
Mar 199611620219.38$2,248
Feb 199617018516.98$2,887
Jan 199619313117.07$3,295
Dec 1995013917.19$0
Nov 199519422716.00$3,104
Oct 199519020615.43$2,932
Sep 199516120016.18$2,605
Aug 199516018515.92$2,547
Jul 199512722715.24$1,935
Jun 199518016716.41$2,954
May 199518814917.56$3,301
Apr 1995019217.73$0
Mar 199519025716.44$3,124
Feb 199516124216.58$2,669
Jan 199518719215.92$2,977
Dec 199409815.03$0
Nov 19941739015.90$2,751
Oct 199409715.58$0
Sep 199417811815.29$2,722
Aug 1994015916.13$0
Jul 199417318817.56$3,038
Jun 199418619817.09$3,179
May 199418319315.88$2,906
Apr 199418323714.14$2,588
Mar 1994017512.46$0
Feb 199415818312.50$1,975
Jan 199416923112.66$2,140
Dec 199319016112.33$2,343
Nov 1993014514.49$0
Oct 199318112215.85$2,869
Sep 1993016815.03$0
Aug 199318118215.66$2,834
Jul 1993017515.46$0
Jun 199318514016.79$3,106
May 199318711617.68$3,306
Apr 1993014418.05$0
Mar 199315516918.14$2,812
Feb 1993029217.90$0
Jan 199317325616.93$2,929

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.

Aug 2024 — as filed, then multipliedworked
Oil                  148 bbl  × $ 75.63 =    $11,193
Casinghead gas         0 Mcf  × $  2.06 =         $0

────────────────────────────────────────────────────
Month total                                  $11,193

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/14399 is the state's own key, not one this site invented.