LOVETT, H. E.

Operated by BASIN OIL & GAS OPERATING, LLC (P-5 54430) in the KEYSTONE (COLBY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 18407District 08Field 49129132Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$2.8 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 157 leases and 1,140 wells, and the rule below applies to all of them.

Discovered
1939-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
880 ft
minimum
From a lease line
330 ft
minimum

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

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.

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
OilDisposition36,101 bbl$1,322,639
Casinghead gasProduction366,935 Mcf$1,502,705
Total$2,825,344

57,072 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 (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 31.8935, -103.1028. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.89353, -103.10276 · 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
no depth filed
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.

Completions filed
Mar 1964
1 of 1 wells

1 well

42-495051662 GMar 1964

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 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
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 20181046.594.19$47
Nov 20180052.934.24$0
Oct 20188061.443.40$492
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20188065.142.93$521
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 2017623255.423.12$1,056
Oct 201703549.292.98$104
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20172422443.873.09$1,744
Jun 20172534042.493.09$2,112
May 20176145645.373.26$4,256
Apr 20173238947.933.21$2,783
Mar 20174338046.772.98$3,145
Feb 20173032250.452.95$2,464
Jan 20172032649.413.42$2,103
Dec 20165034248.763.72$3,711
Nov 20161847042.492.64$2,008
Oct 20164247546.193.09$3,408
Sep 20161644041.553.10$2,029
Aug 20164136741.442.92$2,772
Jul 20161936541.622.92$1,858
Jun 20162628545.352.69$1,945
May 20163228542.521.99$1,928
Apr 20162336336.561.99$1,564
Mar 20163160933.011.79$2,116
Feb 20163152226.472.06$1,898
Jan 20164752127.352.36$2,517
Dec 20152640232.362.00$1,646
Nov 20152426138.792.17$1,497
Oct 20153616343.552.43$1,963
Sep 20152318242.992.76$1,491
Aug 20153228640.162.87$2,107
Jul 20153114748.152.95$1,926
Jun 20152915256.152.88$2,067
May 20152918655.212.96$2,151
Apr 20152915749.822.71$1,870
Mar 20153616342.892.93$2,022
Feb 20152417644.662.98$1,596
Jan 20152417743.433.10$1,591
Dec 20143116854.693.59$2,299
Nov 2014408870.464.25$3,193
Oct 2014294978.303.90$2,462
Sep 2014339186.164.05$3,211
Aug 20142016589.394.04$2,454
Jul 2014848596.564.18$8,466
Jun 2014825798.164.74$8,319
May 20146613194.734.73$6,871
Apr 20142757995.944.81$5,375
Mar 20142016595.895.06$2,752
Feb 20144222697.406.19$5,490
Jan 2014421,06890.404.86$8,988
Dec 20139490391.824.35$12,563
Nov 2013641,00588.853.74$9,443
Oct 20138478597.423.78$11,150
Sep 20131051,009104.113.72$14,683
Aug 2013891,053104.253.52$12,988
Jul 2013891,063102.523.72$13,076
Jun 2013801,00494.403.93$11,501
May 20131121,02294.834.15$14,861
Apr 20139293093.964.28$12,627
Mar 20135599593.623.91$9,042
Feb 20131121,00291.233.42$13,645
Jan 201313179291.603.42$14,708
Dec 2012821,15886.773.42$11,076
Nov 20121251,12786.953.62$14,954
Oct 20127787489.383.40$9,854
Sep 20123682494.672.92$5,813
Aug 20127790892.662.91$9,775
Jul 20128095185.133.02$9,683
Jun 20128081379.822.52$8,434
May 20124090791.612.49$5,921
Apr 20121051,066101.652.00$12,802
Mar 201266863105.052.22$8,851
Feb 201266946101.102.57$9,104
Jan 20123554698.092.73$4,926
Dec 201111779996.873.24$13,922
Nov 20112986295.723.31$5,630
Oct 20119461184.983.65$10,217
Sep 20116194683.623.99$8,871
Aug 201112884983.404.15$14,198
Jul 20119494394.144.52$13,109
Jun 20113281592.904.64$6,754
May 201110098598.134.40$14,152
Apr 201197828105.964.33$13,866
Mar 201115699496.364.06$19,065
Feb 20116172885.644.18$8,267
Jan 20111781,08686.504.59$20,380
Dec 20101491,11685.734.35$17,626
Nov 2010751,12780.843.80$10,340
Oct 2010981,01178.103.51$11,201
Sep 20101221,01072.633.98$12,880
Aug 20101131,06773.684.42$13,041
Jul 20101331,08172.554.74$14,769
Jun 2010941,04070.364.91$11,721
May 2010551,24171.124.24$9,168
Apr 2010721,07681.694.12$10,318
Mar 2010701,13378.394.39$10,460
Feb 2010621,12173.585.44$10,663
Jan 2010471,25474.365.96$10,974
Dec 2009821,41671.445.48$13,623
Nov 2009421,38074.593.75$8,310
Oct 2009641,28072.544.11$9,904
Sep 2009721,31165.543.06$8,737
Aug 2009441,28667.423.22$7,105
Jul 20094681961.133.46$5,649
Jun 2009711,58066.163.90$10,851
May 2009821,36554.743.93$9,847
Apr 2009621,40746.773.59$7,947
Mar 20091131,33942.144.06$10,197
Feb 20091021,38632.814.63$9,768
Jan 2009781,54735.865.37$11,106
Dec 2008551,42337.105.98$10,546
Nov 2008861,32955.496.86$13,890
Oct 2008491,43075.246.92$13,585
Sep 200833719101.767.88$9,022
Aug 2008671,483114.228.48$20,233
Jul 2008631,441131.0811.39$24,670
Jun 2008751,468131.3313.03$28,982
May 2008741,404123.1711.57$25,365
Apr 2008761,369110.3110.45$22,696
Mar 2008911,441101.909.66$23,199
Feb 2008721,14592.538.77$16,704
Jan 20081001,18790.388.21$18,778
Dec 2007871,18088.337.30$16,301
Nov 2007781,53191.677.29$18,314
Oct 2007811,47182.856.92$16,893
Sep 2007561,54875.846.24$13,913
Aug 2007641,37969.066.39$13,229
Jul 2007711,50070.906.39$14,616
Jun 20071071,27962.007.55$16,288
May 2007971,49358.747.85$17,412
Apr 2007651,33959.617.81$14,326
Mar 2007611,37156.927.30$13,483
Feb 2007831,21655.108.22$14,564
Jan 20071191,16450.306.73$13,816
Dec 2006931,54656.656.92$15,964
Nov 2006891,60154.207.62$17,019
Oct 20067551554.906.01$7,215
Sep 2006821,31160.085.04$11,530
Aug 2006671,18068.717.34$13,265
Jul 2006761,38269.376.34$14,038
Jun 2006701,61766.286.38$14,962
May 2006731,95966.016.42$17,405
Apr 2006491,78064.397.36$16,257
Mar 20062829256.707.08$3,656
Feb 2006721,60957.597.75$16,618
Jan 2006611,59460.598.93$17,936
Dec 2005881,65054.9413.42$26,970
Nov 2005851,86554.6910.59$24,396
Oct 2005741,92858.3413.80$30,915
Sep 2005492,05961.4512.08$27,882
Aug 2005872,10761.519.80$25,993
Jul 20051142,04955.697.84$22,420
Jun 2005862,12952.337.38$20,215
May 20051552,41145.226.65$23,045
Apr 20052092,23949.207.36$26,763
Mar 20051531,71450.377.15$19,970
Feb 20051321,32445.226.31$14,326
Jan 2005911,69043.166.32$14,612
Dec 2004841,84439.866.75$15,797
Nov 2004991,70945.286.33$15,301
Oct 20041141,67849.706.52$16,598
Sep 20041191,39143.245.28$12,495
Aug 20041081,82742.375.55$14,717
Jul 20041631,77238.286.08$17,021
Jun 20041081,69436.106.43$14,796
May 20041461,68237.486.49$16,396
Apr 20041771,70034.475.86$16,061
Mar 20041271,77134.365.53$14,158
Feb 20041211,73932.455.51$13,508
Jan 20041291,54432.036.30$13,859
Dec 2003691,37830.266.30$10,772
Nov 2003971,66728.804.60$10,454
Oct 20031091,73228.174.76$11,314
Sep 20031291,68326.314.75$11,387
Aug 20031181,60829.765.13$11,760
Jul 2003941,25529.415.17$9,254
Jun 20031201,54628.565.98$12,677
May 20032341,61626.595.97$15,874
Apr 20032791,56826.675.41$15,920
Mar 20032011,64031.146.10$16,257
Feb 2003961,48933.487.93$15,016
Jan 20031411,69130.315.58$13,713
Dec 20021951,79626.914.85$13,965
Nov 20021381,72824.664.14$10,552
Oct 20021641,96026.464.23$12,629
Sep 20021092,01127.443.64$10,301
Aug 20021601,90625.963.16$10,184
Jul 20021222,14724.583.06$9,572
Jun 20021772,01923.733.34$10,940
May 20021132,26524.663.58$10,904
Apr 20021242,38623.653.51$11,313
Mar 20021912,77322.003.10$12,806
Feb 20021632,35118.222.38$8,555
Jan 20021692,73217.172.38$9,392
Dec 20012852,76216.932.36$11,356
Nov 20012822,88518.072.41$12,036
Oct 20011853,08119.782.53$11,451
Sep 2001931,85824.262.25$6,439
Aug 2001881,92524.873.05$8,066
Jul 20011311,46223.933.20$7,809
Jun 2001911,87724.563.82$9,413
May 2001651,82625.524.31$9,524
Apr 2001672,44824.685.34$14,714
Mar 2001532,44024.545.38$14,419
Feb 2001392,08327.755.77$13,095
Jan 2001231,55727.478.40$13,709
Dec 2000151,86926.889.12$17,453
Nov 200058032.215.66$1,868
Oct 20003411,93631.235.15$20,611
Sep 20006602,02931.875.19$31,558
Aug 20007682,39029.644.54$33,616
Jul 20005762,57428.534.09$26,960
Jun 20003302,02429.304.40$18,569
May 20001852,05227.263.68$12,594
Apr 20001571,93624.513.12$9,881
Mar 2000851,64828.422.86$7,129
Feb 20001191,45327.622.73$7,248
Jan 20001271,60025.272.48$7,178
Dec 1999971,84424.282.42$6,825
Nov 19991971,67823.192.43$8,653
Oct 19991372,16620.982.80$8,947
Sep 19991403,14021.752.62$11,268
Aug 1999441,75319.262.88$5,888
Jul 1999591,91817.892.37$5,606
Jun 1999791,49315.942.36$4,786
May 1999721,45415.792.32$4,512
Apr 1999641,43815.102.21$4,142
Mar 1999831,58112.471.84$3,941
Feb 1999771,3149.981.82$3,157
Jan 1999661,60810.381.90$3,740
Dec 1998861,5129.201.77$3,472
Nov 1998461,14910.892.19$3,012
Oct 1998341,29012.421.97$2,963
Sep 19981671,13212.592.08$4,460
Aug 19981721,44311.301.91$4,696
Jul 19981071,43611.742.24$4,469
Jun 19981151,24611.242.24$4,080
May 19981161,94912.622.21$5,764
Apr 1998541,12713.042.51$3,528
Mar 19981101,21912.802.31$4,223
Feb 1998761,23513.952.30$3,900
Jan 19981301,62614.702.15$5,415
Dec 19974782116.322.41$2,747
Nov 19975995118.193.09$4,010
Oct 199710382319.253.15$4,575
Sep 1997621,08517.742.95$4,306
Aug 19979688717.862.55$3,981
Jul 1997551,19417.582.25$3,650
Jun 19971141,18817.242.26$4,647
May 19971101,10218.972.31$4,631
Apr 19972091,08517.882.08$5,997
Mar 19972041,10118.951.94$6,001
Feb 199723990020.492.21$6,882
Jan 199726864423.483.54$8,572
Dec 19962641,20023.32$6,156
Nov 19962491,01321.97$5,471
Oct 19962361,19923.31$5,501
Sep 19961841,03122.22$4,088
Aug 199642995120.26$8,692
Jul 199621194619.55$4,125
Jun 199631463318.73$5,881
May 199642293919.43$8,199
Apr 199637684221.51$8,088
Mar 19964181,29219.38$8,101
Feb 199640390316.98$6,843
Jan 199636598117.07$6,231
Dec 199539192617.19$6,721
Nov 199533995916.00$5,424
Oct 19954361,09215.43$6,727
Sep 19952831,07916.18$4,579
Aug 19953391,13715.92$5,397
Jul 19954191,37115.24$6,386
Jun 19953821,32116.41$6,269
May 199543090317.56$7,551
Apr 19954311,19017.73$7,642
Mar 19952721,37716.44$4,472
Feb 1995901,19316.58$1,492
Jan 1995921,39015.92$1,465
Dec 19941041,02815.03$1,563
Nov 199411987415.90$1,892
Oct 19948794715.58$1,355
Sep 1994601,06915.29$917
Aug 1994841,31916.13$1,355
Jul 19941011,34217.56$1,774
Jun 1994681,37117.09$1,162
May 19943141,35315.88$4,986
Apr 19944321,25214.14$6,108
Mar 19944521,15712.46$5,632
Feb 19944241,15612.50$5,300
Jan 19944111,42512.66$5,203
Dec 199329595012.33$3,637
Nov 19932231,04714.49$3,231
Oct 19932791,04815.85$4,422
Sep 19931001,00415.03$1,503
Aug 1993671,13915.66$1,049
Jul 1993921,76915.46$1,422
Jun 1993521,72816.79$873
May 1993641,74417.68$1,132
Apr 1993301,66218.05$542
Mar 1993661,63918.14$1,197
Feb 1993591,47317.90$1,056
Jan 1993871,70816.93$1,473

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.

Dec 2018 — as filed, then multipliedworked
Oil                    1 bbl  × $ 46.59 =        $47
Casinghead gas         0 Mcf  × $  4.19 =         $0

────────────────────────────────────────────────────
Month total                                      $47

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/18407 is the state's own key, not one this site invented.