WADDELL

Operated by FORMENTERA OPERATIONS LLC (P-5 276959) in the KEYSTONE (SAN ANDRES) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 23120District 08Field 49129594Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$18.6 M
Jan 1993 – May 2026
Value, last 12 filed months
$108 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 65 leases and 165 wells, and the rule below applies to all of them.

Discovered
1960-07-05
as the register files it
Field class
Oil
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 1994-10-31.

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: 4. ALLOCATION BASED ON 100% ACREAGE.

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
NGPA11none

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
OilDisposition502,049 bbl$15,866,048
Casinghead gasProduction1,135,326 Mcf$2,768,358
Total$18,634,406

460,767 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 (32)

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 31.9233, -103.0019. A lease has no coordinate of its own — that point is the mean of its wells, and they span 3.2 miles.

31.92381, -103.01697 · centre of 28 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
34.4%
11 of 32 wells
With a plug date
21.9%
7 of 32 wells
Median depth
5,282 ft
32 wells filed one
Completion to plug
26.8 years
median over 6 wells

What the state filed about each well

On the RRC proration schedule
1134.4%
A plug date is filed
721.9%
BothOn the schedule and plugged. Neither fact cancels the other.
721.9%
NeitherNo plug date, and not on the schedule.
2165.6%

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

Total depth in feet, 32 of 32 wells. Median 5,282 ft, with the middle half between 4,800 and 8,239 ft; the shallowest is 4,520 ft and the deepest 10,060 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 32 of 32 wells, May 1955 – Oct 2010. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
May 1955 – Oct 2010
32 of 32 wells
Plug dates filed
Mar 1971 – Jul 2019
7 of 32 wells; 25 filed none

Last completion to plug: a median of 26.8 years across the 6 wells that filed both dates, with the middle half between 13.8 years and 40.7 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.

32 wells

42-495013371858,123 ftOct 2010
42-495012651114,800 ftSep 2010
42-495013391898,223 ftMar 2007
42-495322724015,288 ftSep 2002Yes
42-495323464035,307 ftSep 2002Yes
42-495323474024,821 ftJun 1997Nov 2018Yes
42-495303983185,276 ftSep 1996Nov 2007Yes
42-495013071548,305 ftAug 1996Feb 2003Yes
42-495013301788,310 ftMar 1996Mar 1971Yes
42-495013321808,640 ftJan 1996Yes
42-495324074074,780 ftOct 1992
42-495013612128,378 ftSep 1992
42-495013311798,389 ftAug 1992
42-495323854064,860 ftNov 1991
42-495323844054,775 ftNov 1991
42-495323614044,906 ftJun 1991
42-495012661128,203 ftFeb 1990
42-495315453594,520 ftFeb 1983Yes
42-49501232810,060 ftJan 1977
42-495304563274,700 ftNov 1976
42-495304583284,710 ftNov 1976
42-495304573264,620 ftOct 1976
42-495304193214,700 ftMar 1976
42-495304203195,050 ftMar 1976
42-495304213205,050 ftMar 1976
42-495303993174,885 ftDec 1975Jul 2019Yes
42-495012561028,043 ftNov 1975
42-495304003164,800 ftNov 1975Nov 2007Yes
42-49501250968,191 ftMar 1974
42-495013602118,365 ftAug 1959
42-495013592108,285 ftAug 1958
42-49501157776,333 ftMay 1955Jun 2003Yes

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 20261660106.413.05$17,664
Apr 2026166098.932.87$16,422
Mar 2026166089.753.15$14,899
Feb 20260063.503.75$0
Jan 2026164059.138.00$9,697
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 2025169059.383.30$10,035
Sep 2025164062.743.08$10,289
Aug 20250063.933.01$0
Jul 2025277066.743.32$18,487
Jun 2025164066.483.13$10,903
May 2025164060.553.23$9,930
Apr 2025415062.363.54$25,879
Mar 20250067.704.27$0
Feb 2025163070.884.34$11,553
Jan 20250074.324.28$0
Dec 2024326068.993.12$22,491
Nov 20240069.052.20$0
Oct 2024325071.372.28$23,195
Sep 20240069.612.36$0
Aug 2024327075.632.06$24,731
Jul 20240079.932.15$0
Jun 2024171078.082.63$13,352
May 2024322078.812.20$25,377
Apr 20240084.451.66$0
Mar 20240280.301.55$3
Feb 202403376.091.78$59
Jan 202403873.023.30$125
Dec 20231564471.262.61$11,231
Nov 20231611977.892.81$12,594
Oct 202332314385.443.09$28,039
Sep 202305689.042.74$153
Aug 20231725580.522.67$13,996
Jul 202308274.852.64$217
Jun 20233336668.962.26$23,113
May 20232318770.622.23$16,507
Apr 2023021278.122.24$474
Mar 20236699372.852.39$48,959
Feb 2023011375.112.47$279
Jan 2023018476.533.39$623
Dec 2022022476.415.73$1,283
Nov 202216310185.005.65$14,425
Oct 202216722287.185.86$15,861
Sep 202216627984.888.16$16,368
Aug 20221565594.529.13$15,247
Jul 2022037101.587.54$279
Jun 202216271115.097.98$19,211
May 2022052109.378.43$439
Apr 202216884104.226.84$18,083
Mar 2022166153108.885.08$18,851
Feb 20221679991.054.86$15,686
Jan 20221679981.844.54$14,117
Dec 202109971.323.90$386
Nov 20211645477.435.24$12,981
Oct 20210079.795.71$0
Sep 2021171069.865.35$11,946
Aug 20213252666.024.22$21,566
Jul 2021164870.783.98$11,640
Jun 2021182069.493.38$12,647
May 20213314063.483.02$21,133
Apr 20213303060.362.76$20,002
Mar 202105161.302.72$139
Feb 202134314557.805.55$20,630
Jan 202132615950.412.81$16,880
Dec 202016212944.642.68$7,577
Nov 2020170038.772.71$6,591
Oct 202001836.972.48$45
Sep 202033330737.091.99$12,962
Aug 202032628139.982.39$13,704
Jul 202016314038.371.83$6,510
Jun 20203217834.901.69$11,335
May 202015913616.921.81$2,937
Apr 202047515914.751.80$7,293
Mar 202015016630.341.86$4,859
Feb 202015911449.881.98$8,157
Jan 202034535957.252.09$20,503
Dec 201916060659.012.30$10,838
Nov 201931440255.302.75$18,470
Oct 201931820553.472.42$17,499
Sep 201932010755.052.66$17,900
Aug 2019168053.112.30$8,922
Jul 2019352056.272.46$19,807
Jun 2019471052.782.49$24,859
May 20198069858.482.74$47,403
Apr 2019026662.632.75$732
Mar 201936523556.803.06$21,452
Feb 201932322050.852.79$17,039
Jan 201965633346.033.23$31,271
Dec 2018042746.594.19$1,787
Nov 20183136452.934.24$16,838
Oct 201831551861.443.40$21,114
Sep 20185091,12259.543.11$33,793
Aug 20184941,93959.403.07$35,290
Jul 201832512165.142.93$21,525
Jun 2018197060.183.08$11,855
May 2018663065.382.90$43,347
Apr 2018637063.842.90$40,666
Mar 2018653061.222.79$39,977
Feb 2018318061.782.77$19,646
Jan 2018320062.874.01$20,118
Dec 2017480057.272.92$27,490
Nov 2017476055.423.12$26,380
Oct 2017320049.292.98$15,773
Sep 2017326047.523.09$15,492
Aug 2017699045.373.00$31,714
Jul 2017973043.873.09$42,686
Jun 2017470042.493.09$19,970
May 2017319045.373.26$14,473
Apr 2017628047.933.21$30,100
Mar 2017621046.772.98$29,044
Feb 2017310050.452.95$15,640
Jan 2017767049.413.42$37,897
Dec 2016472048.763.72$23,015
Nov 2016461042.492.64$19,588
Oct 2016640046.193.09$29,562
Sep 2016620041.553.10$25,761
Aug 2016624041.442.92$25,859
Jul 201677917241.622.92$32,925
Jun 201691561345.352.69$43,142
May 20169391,38542.521.99$42,684
Apr 20166191,36536.561.99$25,348
Mar 20169201,25433.011.79$32,619
Feb 201663876626.472.06$18,469
Jan 20167891,35727.352.36$24,788
Dec 20156241,47232.362.00$23,139
Nov 20156421,56938.792.17$28,304
Oct 20156321,55943.552.43$31,307
Sep 20156271,28542.992.76$30,499
Aug 20151,05993540.162.87$45,215
Jul 201560295948.152.95$31,811
Jun 20156131,36056.152.88$38,341
May 20156662,06855.212.96$42,882
Apr 20151,0251,97449.822.71$56,408
Mar 20151,0121,30142.892.93$47,223
Feb 20158902,02944.662.98$45,786
Jan 20151,0762,24143.433.10$53,679
Dec 20141,0382,23054.693.59$64,777
Nov 20148632,24270.464.25$70,340
Oct 20141,1832,62678.303.90$102,873
Sep 20141,1871,79786.164.05$109,542
Aug 20148392,45289.394.04$84,892
Jul 20148292,17296.564.18$89,126
Jun 20141,0151,32298.164.74$105,895
May 20148081,03994.734.73$81,453
Apr 201464168695.944.81$64,797
Mar 201432791695.895.06$35,988
Feb 20146341,03997.406.19$68,185
Jan 20146511,50290.404.86$66,151
Dec 20136401,55991.824.35$65,553
Nov 20136561,56088.853.74$64,117
Oct 20134841,02997.423.78$51,040
Sep 20136461,485104.113.72$72,776
Aug 20134851,582104.253.52$56,134
Jul 20136401,516102.523.72$71,249
Jun 20136601,47594.403.93$68,106
May 20135041,71394.834.15$54,902
Apr 20136831,41893.964.28$70,247
Mar 20136821,53593.623.91$69,855
Feb 20135271,32291.233.42$52,599
Jan 20137001,28791.603.42$68,521
Dec 20123951,49686.773.42$39,391
Nov 20126091,27286.953.62$57,564
Oct 201273085889.383.40$68,164
Sep 20126491,46794.672.92$65,722
Aug 20125981,25392.662.91$59,055
Jul 20126611,18485.133.02$59,848
Jun 20121,0461,23979.822.52$86,613
May 20122151,13491.612.49$22,518
Apr 20127511,057101.652.00$78,450
Mar 20128261,466105.052.22$90,029
Feb 20126401,396101.102.57$68,292
Jan 20124221,45298.092.73$45,364
Dec 201139181096.873.24$40,500
Nov 20119361,16095.723.31$93,435
Oct 20112941,12284.983.65$29,078
Sep 20115921,36983.623.99$54,960
Aug 201165784883.404.15$58,312
Jul 201145523094.144.52$43,873
Jun 201176958492.904.64$74,150
May 201143496798.134.40$46,848
Apr 20115471,366105.964.33$63,879
Mar 20115884396.364.06$56,834
Feb 201145287285.644.18$42,354
Jan 20117501,28286.504.59$70,758
Dec 20104981,70285.734.35$50,093
Nov 20105431,71680.843.80$50,409
Oct 20105661,59178.103.51$49,787
Sep 20105641,45572.633.98$46,753
Aug 201041888173.684.42$34,692
Jul 201057476672.554.74$45,272
Jun 20106511,31970.364.91$52,281
May 20106761,75071.124.24$55,489
Apr 20107841,54681.694.12$70,419
Mar 20106331,61578.394.39$56,709
Feb 20105151,54373.585.44$46,291
Jan 20104791,80874.365.96$46,402
Dec 20094781,70971.445.48$43,520
Nov 20095321,68074.593.75$45,984
Oct 20097241,79372.544.11$59,889
Sep 20094111,77265.543.06$32,368
Aug 20096351,47467.423.22$47,556
Jul 200963298661.133.46$42,050
Jun 20096361,71566.163.90$48,758
May 20097311,88954.743.93$47,431
Apr 20096421,72746.773.59$36,222
Mar 20096761,68442.144.06$35,322
Feb 20097691,65632.814.63$32,903
Jan 20096301,81935.865.37$32,362
Dec 20085761,70437.105.98$31,555
Nov 20089011,66055.496.86$61,385
Oct 20084391,80575.246.92$45,525
Sep 2008611894101.767.88$69,217
Aug 20086681,843114.228.48$91,933
Jul 20087451,892131.0811.39$119,203
Jun 20086961,825131.3313.03$115,190
May 20087131,771123.1711.57$108,318
Apr 20087161,851110.3110.45$98,334
Mar 20088471,917101.909.66$104,835
Feb 20087351,69892.538.77$82,902
Jan 20087831,80990.388.21$85,612
Dec 20078301,66888.337.30$85,494
Nov 20077021,81491.677.29$77,579
Oct 20078302,07282.856.92$83,108
Sep 20077052,16075.846.24$66,955
Aug 20078371,75469.066.39$69,008
Jul 20078452,25970.906.39$74,341
Jun 20071,0812,13362.007.55$83,123
May 20078322,27158.747.85$66,691
Apr 20071,4182,46859.617.81$103,790
Mar 20071,0522,14956.927.30$75,572
Feb 20076421,63655.108.22$48,816
Jan 20073781,59550.306.73$29,743
Dec 20066541,61856.656.92$48,243
Nov 20066161,56354.207.62$45,293
Oct 20065081,88854.906.01$39,243
Sep 20065691,83060.085.04$43,404
Aug 20067742,02868.717.34$68,067
Jul 20068972,09269.376.34$75,494
Jun 20064571,98266.286.38$42,943
May 20067842,09466.016.42$65,206
Apr 20066421,97964.397.36$55,905
Mar 20066461,96756.707.08$50,560
Feb 200673265857.597.75$47,256
Jan 20066201,94260.598.93$54,914
Dec 20055361,85054.9413.42$54,266
Nov 20058041,96654.6910.59$64,788
Oct 20054731,89458.3413.80$53,724
Sep 20056021,86561.4512.08$59,520
Aug 20057572,20061.519.80$68,116
Jul 20058262,09455.697.84$62,425
Jun 20055892,10752.337.38$46,374
May 20057972,29645.226.65$51,311
Apr 20057262,10949.207.36$51,242
Mar 20056284,48650.377.15$63,729
Feb 20059482,05445.226.31$55,833
Jan 20057282,23143.166.32$45,525
Dec 20047142,17739.866.75$43,157
Nov 20048881,73945.286.33$51,217
Oct 20045262,14549.706.52$40,117
Sep 20046032,03843.245.28$36,842
Aug 20047542,16942.375.55$43,986
Jul 20049332,37938.286.08$50,190
Jun 20048212,44436.106.43$45,360
May 20047492,36337.486.49$43,419
Apr 20047802,11234.475.86$39,260
Mar 20049242,11734.365.53$43,456
Feb 20048821,92132.455.51$39,205
Jan 20049292,19232.036.30$43,565
Dec 20037182,03730.266.30$34,563
Nov 20039772,09528.804.60$37,764
Oct 20038552,49028.174.76$35,937
Sep 20038362,16026.314.75$32,254
Aug 20038672,21629.765.13$37,169
Jul 20037972,32729.415.17$35,472
Jun 20037462,25928.565.98$34,821
May 20037681,84926.595.97$31,465
Apr 20038662,15226.675.41$34,733
Mar 20039232,28331.146.10$42,659
Feb 20038621,85833.487.93$43,586
Jan 20031,1471,99230.315.58$45,885
Dec 20027662,13226.914.85$30,961
Nov 20029512,11524.664.14$32,201
Oct 20026872,23026.464.23$27,609
Sep 20029192,33127.443.64$33,691
Aug 20026922,48125.963.16$25,815
Jul 20027992,76124.583.06$28,093
Jun 20028062,86523.733.34$28,690
May 20028272,40724.663.58$29,021
Apr 20028571,97223.653.51$27,194
Mar 20028501,72122.003.10$24,040
Feb 20028021,47518.222.38$18,117
Jan 20021,1472,36017.172.38$25,301
Dec 20012,6285,12616.932.36$56,612
Nov 20011,7964,30918.072.41$42,819
Oct 20012,4075,19819.782.53$60,756
Sep 20012,1265,53324.262.25$64,033
Aug 20012,3335,79824.873.05$75,724
Jul 20012,4945,82923.933.20$78,317
Jun 20012,2975,48924.563.82$77,405
May 20012,3576,09025.524.31$86,382
Apr 20012,4215,95624.685.34$91,527
Mar 20012,8576,05524.545.38$102,665
Feb 20012,1905,08527.755.77$90,098
Jan 20012,5205,42127.478.40$114,754
Dec 20002,5095,79026.889.12$120,261
Nov 20002,2715,69832.215.66$105,388
Oct 20002,7186,25131.235.15$117,048
Sep 20002,2566,13431.875.19$103,713
Aug 20002,5366,63229.644.54$105,281
Jul 20002,2816,32428.534.09$90,941
Jun 20002,5055,93829.304.40$99,507
May 20002,8646,48327.263.68$101,928
Apr 20002,7216,61824.513.12$87,313
Mar 20002,8846,12928.422.86$99,491
Feb 20002,6115,24827.622.73$86,424
Jan 20002,3325,29025.272.48$72,051
Dec 19992,9285,23224.282.42$83,773
Nov 19992,2055,92523.192.43$65,555
Oct 19992,5896,12720.982.80$71,496
Sep 19992,5706,12521.752.62$71,938
Aug 19992,4686,52119.262.88$66,285
Jul 19992,8976,79817.892.37$67,955
Jun 19992,4986,54815.942.36$55,285
May 19992,5876,64015.792.32$56,260
Apr 19992,4436,25415.102.21$50,698
Mar 19992,5776,63712.471.84$44,336
Feb 19992,8896,3509.981.82$40,375
Jan 19992,7946,07810.381.90$40,550
Dec 19982,9436,2579.201.77$38,171
Nov 19982,9476,33810.892.19$45,946
Oct 19982,9606,84312.421.97$50,239
Sep 19982,5226,57112.592.08$45,437
Aug 19982,8887,12711.301.91$46,228
Jul 19983,1287,41111.742.24$53,303
Jun 19982,8827,11711.242.24$48,316
May 19983,3047,04612.622.21$57,242
Apr 19982,8375,00413.042.51$49,531
Mar 19983,0207,25412.802.31$55,409
Feb 19982,6505,26113.952.30$49,063
Jan 19983,3725,92514.702.15$62,336
Dec 19973,2696,23316.322.41$68,378
Nov 19973,5356,00618.193.09$82,850
Oct 19973,5437,41219.253.15$91,549
Sep 19973,0476,16717.742.95$72,277
Aug 19973,1667,15317.862.55$74,819
Jul 19973,3536,68517.582.25$73,967
Jun 19973,0985,55517.242.26$65,948
May 19973,2516,83818.972.31$77,457
Apr 19973,2255,36617.882.08$68,839
Mar 19973,1605,42418.951.94$70,400
Feb 19973,0214,91020.492.21$72,731
Jan 19973,1724,63623.483.54$90,889
Dec 19962,8534,75823.32$66,532
Nov 19963,3335,36121.97$73,226
Oct 19963,5905,91623.31$83,683
Sep 19963,4165,75722.22$75,904
Aug 19963,6395,95920.26$73,726
Jul 19963,8356,50019.55$74,974
Jun 19963,7456,60118.73$70,144
May 19963,7348,37819.43$72,552
Apr 19963,9097,76621.51$84,083
Mar 19963,9467,37519.38$76,473
Feb 19963,3846,42316.98$57,460
Jan 19964,4927,71517.07$76,678
Dec 19954,0915,42417.19$70,324
Nov 19952,9437,72016.00$47,088
Oct 19953,0118,07615.43$46,460
Sep 19952,7968,06016.18$45,239
Aug 19952,9238,57215.92$46,534
Jul 19952,9978,79915.24$45,674
Jun 19952,6988,72116.41$44,274
May 19953,1259,08517.56$54,875
Apr 19952,8797,79117.73$51,045
Mar 19953,2848,33016.44$53,989
Feb 19952,8057,66916.58$46,507
Jan 19953,3058,47515.92$52,616
Dec 19943,5128,62615.03$52,785
Nov 19943,1738,61615.90$50,451
Oct 19943,4128,46415.58$53,159
Sep 19943,2908,79915.29$50,304
Aug 19943,62410,34816.13$58,455
Jul 19943,53010,42117.56$61,987
Jun 19943,43610,91617.09$58,721
May 19943,87411,54715.88$61,519
Apr 19943,68011,42314.14$52,035
Mar 19944,15711,41112.46$51,796
Feb 19943,2409,82512.50$40,500
Jan 19944,25010,43212.66$53,805
Dec 19934,33011,56012.33$53,389
Nov 19933,97311,84214.49$57,569
Oct 19934,29911,54615.85$68,139
Sep 19934,40013,04915.03$66,132
Aug 19934,44613,80015.66$69,624
Jul 19934,60413,86015.46$71,178
Jun 19934,50414,52516.79$75,622
May 19935,11315,39217.68$90,398
Apr 19934,94615,38218.05$89,275
Mar 19935,32014,90418.14$96,505
Feb 19935,16213,63617.90$92,400
Jan 19935,85515,21216.93$99,125

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
Oil                  166 bbl  × $106.41 =    $17,664
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $17,664

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/23120 is the state's own key, not one this site invented.