RAY "B"

Name: RAY "B" lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by STANOLIND PRODUCTION LLC (P-5 813985) in the CONGER (PENN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 24877District 08Field 20097700NGPA filingOilCasinghead gasSave Export

Value, all time

$3.7 M

Jan 1993 – Jan 2020

Value, last 12 filed months

at the published price for each month

Months reported

325

no gaps in the span

Streams

oil, casinghead gas

The CONGER (PENN) 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 1,011 leases and 1,988 wells, and the rule below applies to all of them.

Discovered

1978-01-01

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1985-04-29.

The Commission's schedule remark for this field reads: “OPTIONAL 40ACRE UNIT DIAG. 2100 PER #8-84810”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Oil	Disposition	27,114 bbl	$651,770
Casinghead gas	Production	1,275,365 Mcf	$3,075,843
Total			$3,727,613

555,607 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 (7)

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 31.7934, -101.2335. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.79371, -101.23352 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

7 of 7 wells

With a plug date

14.3%

1 of 7 wells

Median depth

8,450 ft

7 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

7100.0%

A plug date is filed

114.3%

BothOn the schedule and plugged. Neither fact cancels the other.

114.3%

NeitherNo plug date, and not on the schedule.

00.0%

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 8,250 and 8,500 ft, median 8,450 ft, over the 7 wells that filed a depth.

Completions filed

Dec 1977 – Jun 1993

6 of 7 wells; 1 filed none

Plug dates filed

Sep 2019

1 of 7 wells; 6 filed none

7 wells


42-43132645	703	8,450 ft	—	Sep 2019	Yes
42-43132629	603	8,450 ft	Jun 1993	—	Yes
42-43132622	403	8,250 ft	Apr 1993	—	Yes
42-43132626	503	8,500 ft	Apr 1993	—	Yes
42-43132602	303	8,500 ft	Mar 1993	—	Yes
42-43132138	203	8,350 ft	Aug 1990	—	Yes
42-43130619	1	8,380 ft	Dec 1977	—	Yes

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 (325)

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

325 months


Jan 2020	0	0	57.25	2.09	$0
Dec 2019	0	0	59.01	2.30	$0
Nov 2019	0	0	55.30	2.75	$0
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	0	0	55.05	2.66	$0
Aug 2019	0	0	53.11	2.30	$0
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	0	0	52.78	2.49	$0
May 2019	0	0	58.48	2.74	$0
Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	0	56.80	3.06	$0
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	1,438	27.35	2.36	$3,400
Dec 2015	0	1,422	32.36	2.00	$2,846
Nov 2015	0	1,327	38.79	2.17	$2,876
Oct 2015	0	1,471	43.55	2.43	$3,570
Sep 2015	0	1,385	42.99	2.76	$3,820
Aug 2015	0	1,481	40.16	2.87	$4,254
Jul 2015	0	1,493	48.15	2.95	$4,397
Jun 2015	0	1,471	56.15	2.88	$4,241
May 2015	0	1,302	55.21	2.96	$3,848
Apr 2015	0	1,339	49.82	2.71	$3,624
Mar 2015	0	1,519	42.89	2.93	$4,458
Feb 2015	0	1,373	44.66	2.98	$4,086
Jan 2015	0	1,353	43.43	3.10	$4,195
Dec 2014	0	1,523	54.69	3.59	$5,470
Nov 2014	0	1,496	70.46	4.25	$6,361
Oct 2014	0	1,553	78.30	3.90	$6,058
Sep 2014	0	1,519	86.16	4.05	$6,145
Aug 2014	0	1,570	89.39	4.04	$6,335
Jul 2014	0	1,773	96.56	4.18	$7,410
Jun 2014	0	1,689	98.16	4.74	$8,001
May 2014	0	1,821	94.73	4.73	$8,607
Apr 2014	0	1,844	95.94	4.81	$8,868
Mar 2014	0	1,945	95.89	5.06	$9,835
Feb 2014	0	1,775	97.40	6.19	$10,991
Jan 2014	0	1,863	90.40	4.86	$9,056
Dec 2013	0	1,963	91.82	4.35	$8,548
Nov 2013	0	1,795	88.85	3.74	$6,710
Oct 2013	0	1,724	97.42	3.78	$6,516
Sep 2013	0	1,554	104.11	3.72	$5,777
Aug 2013	0	1,717	104.25	3.52	$6,048
Jul 2013	0	1,614	102.52	3.72	$6,000
Jun 2013	0	1,568	94.40	3.93	$6,168
May 2013	1	1,663	94.83	4.15	$6,995
Apr 2013	3	1,644	93.96	4.28	$7,322
Mar 2013	6	1,724	93.62	3.91	$7,308
Feb 2013	13	1,598	91.23	3.42	$6,651
Jan 2013	14	1,772	91.60	3.42	$7,342
Dec 2012	11	1,770	86.77	3.42	$7,008
Nov 2012	9	1,707	86.95	3.62	$6,970
Oct 2012	13	1,769	89.38	3.40	$7,176
Sep 2012	8	1,731	94.67	2.92	$5,809
Aug 2012	2	1,822	92.66	2.91	$5,484
Jul 2012	3	1,838	85.13	3.02	$5,808
Jun 2012	5	1,804	79.82	2.52	$4,943
May 2012	0	1,915	91.61	2.49	$4,765
Apr 2012	0	1,656	101.65	2.00	$3,307
Mar 2012	1	1,868	105.05	2.22	$4,256
Feb 2012	1	1,724	101.10	2.57	$4,532
Jan 2012	1	1,808	98.09	2.73	$5,041
Dec 2011	3	1,804	96.87	3.24	$6,135
Nov 2011	1	1,788	95.72	3.31	$6,016
Oct 2011	7	1,915	84.98	3.65	$7,582
Sep 2011	15	1,867	83.62	3.99	$8,696
Aug 2011	16	1,871	83.40	4.15	$9,098
Jul 2011	14	1,886	94.14	4.52	$9,837
Jun 2011	19	1,793	92.90	4.64	$10,084
May 2011	24	1,859	98.13	4.40	$10,544
Apr 2011	23	1,867	105.96	4.33	$10,527
Mar 2011	22	1,859	96.36	4.06	$9,663
Feb 2011	23	1,629	85.64	4.18	$8,779
Jan 2011	22	1,804	86.50	4.59	$10,181
Dec 2010	22	1,846	85.73	4.35	$9,912
Nov 2010	21	1,865	80.84	3.80	$8,776
Oct 2010	23	2,052	78.10	3.51	$8,997
Sep 2010	32	2,025	72.63	3.98	$10,383
Aug 2010	34	2,127	73.68	4.42	$11,905
Jul 2010	31	2,128	72.55	4.74	$12,328
Jun 2010	35	2,053	70.36	4.91	$12,544
May 2010	31	2,138	71.12	4.24	$11,260
Apr 2010	33	2,120	81.69	4.12	$11,436
Mar 2010	37	2,146	78.39	4.39	$12,319
Feb 2010	40	2,019	73.58	5.44	$13,931
Jan 2010	50	2,175	74.36	5.96	$16,690
Dec 2009	55	2,178	71.44	5.48	$15,873
Nov 2009	47	2,141	74.59	3.75	$11,538
Oct 2009	47	2,236	72.54	4.11	$12,600
Sep 2009	39	2,115	65.54	3.06	$9,038
Aug 2009	49	2,174	67.42	3.22	$10,301
Jul 2009	38	2,127	61.13	3.46	$9,692
Jun 2009	44	2,114	66.16	3.90	$11,145
May 2009	41	2,210	54.74	3.93	$10,920
Apr 2009	36	2,076	46.77	3.59	$9,131
Mar 2009	40	2,184	42.14	4.06	$10,550
Feb 2009	38	1,950	32.81	4.63	$10,281
Jan 2009	46	2,179	35.86	5.37	$13,353
Dec 2008	37	2,160	37.10	5.98	$14,283
Nov 2008	31	2,082	55.49	6.86	$16,003
Oct 2008	32	2,072	75.24	6.92	$16,750
Sep 2008	32	2,126	101.76	7.88	$20,003
Aug 2008	29	2,059	114.22	8.48	$20,779
Jul 2008	29	1,995	131.08	11.39	$26,523
Jun 2008	30	2,109	131.33	13.03	$31,426
May 2008	43	2,227	123.17	11.57	$31,072
Apr 2008	45	2,171	110.31	10.45	$27,661
Mar 2008	34	2,239	101.90	9.66	$25,102
Feb 2008	36	2,102	92.53	8.77	$21,767
Jan 2008	43	2,299	90.38	8.21	$22,751
Dec 2007	41	2,296	88.33	7.30	$20,387
Nov 2007	37	2,226	91.67	7.29	$19,623
Oct 2007	31	2,337	82.85	6.92	$18,745
Sep 2007	32	2,275	75.84	6.24	$16,632
Aug 2007	31	2,336	69.06	6.39	$17,063
Jul 2007	34	2,349	70.90	6.39	$17,416
Jun 2007	43	2,297	62.00	7.55	$20,005
May 2007	28	2,309	58.74	7.85	$19,762
Apr 2007	33	2,237	59.61	7.81	$19,427
Mar 2007	41	2,324	56.92	7.30	$19,304
Feb 2007	43	2,099	55.10	8.22	$19,615
Jan 2007	42	2,200	50.30	6.73	$16,912
Dec 2006	36	2,293	56.65	6.92	$17,903
Nov 2006	40	2,400	54.20	7.62	$20,450
Oct 2006	48	2,495	54.90	6.01	$17,640
Sep 2006	48	2,506	60.08	5.04	$15,507
Aug 2006	29	2,553	68.71	7.34	$20,731
Jul 2006	24	2,506	69.37	6.34	$17,560
Jun 2006	36	2,530	66.28	6.38	$18,537
May 2006	42	2,652	66.01	6.42	$19,812
Apr 2006	19	2,477	64.39	7.36	$19,455
Mar 2006	36	2,572	56.70	7.08	$20,258
Feb 2006	56	2,331	57.59	7.75	$21,293
Jan 2006	62	2,589	60.59	8.93	$26,885
Dec 2005	59	2,628	54.94	13.42	$38,497
Nov 2005	53	2,554	54.69	10.59	$29,941
Oct 2005	32	2,673	58.34	13.80	$38,743
Sep 2005	34	2,667	61.45	12.08	$34,304
Aug 2005	45	2,763	61.51	9.80	$29,837
Jul 2005	37	2,792	55.69	7.84	$23,960
Jun 2005	37	2,811	52.33	7.38	$22,684
May 2005	32	2,888	45.22	6.65	$20,656
Apr 2005	42	2,872	49.20	7.36	$23,206
Mar 2005	60	2,876	50.37	7.15	$23,600
Feb 2005	68	2,601	45.22	6.31	$19,492
Jan 2005	76	2,915	43.16	6.32	$21,709
Dec 2004	69	2,948	39.86	6.75	$22,653
Nov 2004	53	2,852	45.28	6.33	$20,454
Oct 2004	54	2,956	49.70	6.52	$21,942
Sep 2004	47	2,884	43.24	5.28	$17,271
Aug 2004	48	3,027	42.37	5.55	$18,836
Jul 2004	46	3,037	38.28	6.08	$20,239
Jun 2004	55	2,965	36.10	6.43	$21,059
May 2004	57	3,080	37.48	6.49	$22,140
Apr 2004	62	2,994	34.47	5.86	$19,677
Mar 2004	57	3,133	34.36	5.53	$19,284
Feb 2004	65	3,073	32.45	5.51	$19,040
Jan 2004	76	2,874	32.03	6.30	$20,539
Dec 2003	101	3,222	30.26	6.30	$23,360
Nov 2003	62	3,047	28.80	4.60	$15,787
Oct 2003	63	3,283	28.17	4.76	$17,401
Sep 2003	73	3,249	26.31	4.75	$17,351
Aug 2003	52	3,135	29.76	5.13	$17,629
Jul 2003	46	3,254	29.41	5.17	$18,179
Jun 2003	13	3,097	28.56	5.98	$18,901
May 2003	15	3,131	26.59	5.97	$19,099
Apr 2003	40	3,224	26.67	5.41	$18,500
Mar 2003	51	3,489	31.14	6.10	$22,857
Feb 2003	53	3,141	33.48	7.93	$26,670
Jan 2003	65	3,553	30.31	5.58	$21,803
Dec 2002	67	3,586	26.91	4.85	$19,209
Nov 2002	66	3,499	24.66	4.14	$16,103
Oct 2002	36	3,656	26.46	4.23	$16,414
Sep 2002	21	3,540	27.44	3.64	$13,445
Aug 2002	47	3,635	25.96	3.16	$12,722
Jul 2002	55	3,716	24.58	3.06	$12,729
Jun 2002	59	3,642	23.73	3.34	$13,558
May 2002	70	3,813	24.66	3.58	$15,392
Apr 2002	60	3,779	23.65	3.51	$14,692
Mar 2002	62	3,874	22.00	3.10	$13,384
Feb 2002	61	3,360	18.22	2.38	$9,094
Jan 2002	71	3,675	17.17	2.38	$9,950
Dec 2001	82	3,790	16.93	2.36	$10,349
Nov 2001	71	3,686	18.07	2.41	$10,150
Oct 2001	64	3,917	19.78	2.53	$11,172
Sep 2001	74	3,713	24.26	2.25	$10,154
Aug 2001	76	3,925	24.87	3.05	$13,874
Jul 2001	82	4,140	23.93	3.20	$15,198
Jun 2001	91	4,113	24.56	3.82	$17,964
May 2001	88	4,175	25.52	4.31	$20,229
Apr 2001	66	3,999	24.68	5.34	$22,965
Mar 2001	79	4,060	24.54	5.38	$23,767
Feb 2001	86	3,709	27.75	5.77	$23,777
Jan 2001	111	4,059	27.47	8.40	$37,140
Dec 2000	91	4,181	26.88	9.12	$40,587
Nov 2000	94	4,214	32.21	5.66	$26,871
Oct 2000	72	4,306	31.23	5.15	$24,405
Sep 2000	44	4,339	31.87	5.19	$23,907
Aug 2000	44	4,599	29.64	4.54	$22,187
Jul 2000	90	4,634	28.53	4.09	$21,520
Jun 2000	83	4,429	29.30	4.40	$21,907
May 2000	89	4,734	27.26	3.68	$19,846
Apr 2000	98	4,575	24.51	3.12	$16,658
Mar 2000	108	5,483	28.42	2.86	$18,749
Feb 2000	89	5,192	27.62	2.73	$16,614
Jan 2000	90	5,335	25.27	2.48	$15,508
Dec 1999	85	5,501	24.28	2.42	$15,397
Nov 1999	108	5,305	23.19	2.43	$15,417
Oct 1999	85	5,584	20.98	2.80	$17,439
Sep 1999	70	5,538	21.75	2.62	$16,026
Aug 1999	90	5,870	19.26	2.88	$18,613
Jul 1999	106	6,042	17.89	2.37	$16,230
Jun 1999	113	5,774	15.94	2.36	$15,440
May 1999	123	5,975	15.79	2.32	$15,810
Apr 1999	119	5,768	15.10	2.21	$14,533
Mar 1999	124	6,025	12.47	1.84	$12,622
Feb 1999	126	5,578	9.98	1.82	$11,397
Jan 1999	139	6,272	10.38	1.90	$13,359
Dec 1998	140	6,059	9.20	1.77	$12,033
Nov 1998	116	5,933	10.89	2.19	$14,231
Oct 1998	115	6,257	12.42	1.97	$13,750
Sep 1998	112	6,130	12.59	2.08	$14,177
Aug 1998	114	6,385	11.30	1.91	$13,467
Jul 1998	105	6,566	11.74	2.24	$15,923
Jun 1998	95	6,392	11.24	2.24	$15,368
May 1998	96	6,518	12.62	2.21	$15,592
Apr 1998	75	6,379	13.04	2.51	$16,960
Mar 1998	116	6,794	12.80	2.31	$17,175
Feb 1998	116	6,262	13.95	2.30	$16,015
Jan 1998	140	6,943	14.70	2.15	$17,019
Dec 1997	152	6,984	16.32	2.41	$19,320
Nov 1997	130	6,746	18.19	3.09	$23,198
Oct 1997	103	6,921	19.25	3.15	$23,783
Sep 1997	100	6,984	17.74	2.95	$22,411
Aug 1997	102	7,251	17.86	2.55	$20,346
Jul 1997	101	7,392	17.58	2.25	$18,385
Jun 1997	117	7,179	17.24	2.26	$18,222
May 1997	127	7,491	18.97	2.31	$19,702
Apr 1997	151	7,261	17.88	2.08	$17,823
Mar 1997	180	7,896	18.95	1.94	$18,722
Feb 1997	165	7,111	20.49	2.21	$19,067
Jan 1997	111	4,279	23.48	3.54	$17,753
Dec 1996	124	4,520	23.32	—	$2,892
Nov 1996	95	4,310	21.97	—	$2,087
Oct 1996	106	4,615	23.31	—	$2,471
Sep 1996	90	4,557	22.22	—	$2,000
Aug 1996	92	4,790	20.26	—	$1,864
Jul 1996	101	4,817	19.55	—	$1,975
Jun 1996	100	4,676	18.73	—	$1,873
May 1996	96	4,757	19.43	—	$1,865
Apr 1996	97	4,674	21.51	—	$2,086
Mar 1996	104	4,959	19.38	—	$2,016
Feb 1996	46	4,182	16.98	—	$781
Jan 1996	111	4,769	17.07	—	$1,895
Dec 1995	138	4,866	17.19	—	$2,372
Nov 1995	99	4,872	16.00	—	$1,584
Oct 1995	113	5,126	15.43	—	$1,744
Sep 1995	146	4,982	16.18	—	$2,362
Aug 1995	99	5,305	15.92	—	$1,576
Jul 1995	111	5,458	15.24	—	$1,692
Jun 1995	120	5,244	16.41	—	$1,969
May 1995	121	5,694	17.56	—	$2,125
Apr 1995	141	5,706	17.73	—	$2,500
Mar 1995	139	5,694	16.44	—	$2,285
Feb 1995	160	5,214	16.58	—	$2,653
Jan 1995	181	5,811	15.92	—	$2,882
Dec 1994	199	6,040	15.03	—	$2,991
Nov 1994	226	13,033	15.90	—	$3,593
Oct 1994	227	13,967	15.58	—	$3,537
Sep 1994	223	14,674	15.29	—	$3,410
Aug 1994	168	15,920	16.13	—	$2,710
Jul 1994	201	16,849	17.56	—	$3,530
Jun 1994	265	17,341	17.09	—	$4,529
May 1994	347	18,825	15.88	—	$5,510
Apr 1994	374	19,812	14.14	—	$5,288
Mar 1994	444	20,463	12.46	—	$5,532
Feb 1994	398	16,691	12.50	—	$4,975
Jan 1994	435	18,417	12.66	—	$5,507
Dec 1993	507	20,123	12.33	—	$6,251
Nov 1993	645	19,664	14.49	—	$9,346
Oct 1993	618	21,118	15.85	—	$9,795
Sep 1993	620	22,311	15.03	—	$9,319
Aug 1993	814	28,252	15.66	—	$12,747
Jul 1993	1,138	28,908	15.46	—	$17,593
Jun 1993	1,364	30,411	16.79	—	$22,902
May 1993	2,155	37,603	17.68	—	$38,100
Apr 1993	1,231	16,025	18.05	—	$22,220
Mar 1993	515	15,699	18.14	—	$9,342
Feb 1993	24	2,668	17.90	—	$430
Jan 1993	22	1,195	16.93	—	$372

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.

Jan 2016 — as filed, then multipliedworked

Oil                    0 bbl  × $ 27.35 =         $0
Casinghead gas     1,438 Mcf  × $  2.36 =     $3,400

────────────────────────────────────────────────────
Month total                                   $3,400

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/24877 is the state's own key, not one this site invented.