LEA, P. J. ET. AL. -A-

Operated by RING ENERGY, INC. (P-5 712382) in the LEA (TUBB) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 25628District 08Field 52624900Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$8.0 M
Jan 1993 – Feb 2024
Value, last 12 filed months
$824 k
at the published price for each month
Months reported
374
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 8 leases and 32 wells, and the rule below applies to all of them.

Discovered
1955-05-04
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 2000-08-01.

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: CONSOLIDATED INTO THE LEA (CONSOLIDATED) FIELD ON 11-15-2023

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
OilDisposition117,062 bbl$7,427,292
Casinghead gasProduction143,526 Mcf$610,833
Total$8,038,125

12,810 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 (2)

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 31.4138, -102.5315. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

31.41376, -102.53146 · 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
100.0%
2 of 2 wells
With a plug date
0.0%
0 of 2 wells
Median depth
6,535 ft
2 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
2100.0%
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.
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 4,800 and 8,270 ft, median 6,535 ft, over the 2 wells that filed a depth.

Completions filed
Jul 2021 – Dec 2021
2 of 2 wells

2 wells

42-1030020918,270 ftDec 2021Yes
42-1033350884,800 ftJul 2021Yes

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 (374)

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

374 months

Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20231,0801,24177.892.81$87,605
Oct 20231,1451,14185.443.09$101,351
Sep 20231,08089089.042.74$98,597
Aug 20231,02696280.522.67$85,185
Jul 20231,0111,08174.852.64$78,529
Jun 20231,0221,03568.962.26$72,815
May 20231,2611,53670.622.23$92,473
Apr 20231,3351,46778.122.24$107,573
Mar 20231,3301,35372.852.39$100,128
Feb 20231,1831,26175.112.47$91,964
Jan 20231,4231,53376.533.39$114,096
Dec 20221,5191,62776.415.73$125,388
Nov 20221,6271,13685.005.65$144,709
Oct 20221,6971,90587.185.86$159,115
Sep 20221,3191,38584.888.16$123,263
Aug 20221,47596394.529.13$148,206
Jul 20221,9882,274101.587.54$219,092
Jun 20221,3941,341115.097.98$171,133
May 20221,5111,109109.378.43$174,610
Apr 20221,9451,024104.226.84$209,710
Mar 20222,059932108.885.08$228,915
Feb 20221,55260491.054.86$144,244
Jan 20222,38679281.844.54$198,864
Dec 20212,14658471.323.90$155,330
Nov 202157218977.435.24$45,280
Oct 202155832479.795.71$46,374
Sep 202152053869.865.35$39,206
Aug 202153950366.024.22$37,708
Jul 20211,0431,09570.783.98$78,184
Jun 20217901,17569.493.38$58,869
May 20211,1651,32463.483.02$77,950
Apr 20211,4871,41160.362.76$93,647
Mar 20211,1171,91861.302.72$73,683
Feb 20217341,12557.805.55$48,667
Jan 20211,0631,31750.412.81$57,287
Dec 20201,3921,67844.642.68$66,628
Nov 20201,3601,69338.772.71$57,309
Oct 20201,6761,68336.972.48$66,133
Sep 20201,5731,46637.091.99$61,261
Aug 20201,3051,45939.982.39$55,654
Jul 20201,1481,30638.371.83$46,432
Jun 202056561934.901.69$20,765
May 20200416.921.81$7
Apr 20201,26289514.751.80$20,229
Mar 202088057030.341.86$27,757
Feb 202051941049.881.98$26,700
Jan 202062352257.252.09$36,760
Dec 201947966659.012.30$29,800
Nov 201915336955.302.75$9,476
Oct 201915318553.472.42$8,628
Sep 201915720455.052.66$9,185
Aug 201920417953.112.30$11,247
Jul 20193818956.272.46$2,603
Jun 20193223252.782.49$2,267
May 20196818958.482.74$4,495
Apr 20196414062.632.75$4,393
Mar 20198411856.803.06$5,133
Feb 20195111650.852.79$2,917
Jan 20195810846.033.23$3,018
Dec 20186811046.594.19$3,629
Nov 20187011952.934.24$4,209
Oct 20187613861.443.40$5,138
Sep 20185914159.543.11$3,951
Aug 20188610459.403.07$5,427
Jul 201811713965.142.93$8,029
Jun 20189320160.183.08$6,215
May 201812921965.382.90$9,069
Apr 201814430063.842.90$10,063
Mar 20189118661.222.79$6,089
Feb 20186320161.782.77$4,448
Jan 20187615662.874.01$5,404
Dec 20173714557.272.92$2,543
Nov 20175110155.423.12$3,141
Oct 2017359449.292.98$2,006
Sep 2017469447.523.09$2,476
Aug 20177023145.373.00$3,870
Jul 20173924443.873.09$2,464
Jun 20174825142.493.09$2,814
May 20175321845.373.26$3,116
Apr 201710514647.933.21$5,502
Mar 201711014746.772.98$5,583
Feb 201712514950.452.95$6,746
Jan 201715421449.413.42$8,341
Dec 201614313548.763.72$7,475
Nov 201615622042.492.64$7,210
Oct 201610117446.193.09$5,203
Sep 201613616141.553.10$6,150
Aug 20169915741.442.92$4,562
Jul 20166613841.622.92$3,150
Jun 20167416045.352.69$3,786
May 20169610842.521.99$4,297
Apr 20165010636.561.99$2,039
Mar 201610623333.011.79$3,917
Feb 20169326526.472.06$3,009
Jan 201610122427.352.36$3,292
Dec 201512922932.362.00$4,633
Nov 201512217138.792.17$5,103
Oct 201510316343.552.43$4,881
Sep 20158914842.992.76$4,234
Aug 201510710040.162.87$4,584
Jul 201514110248.152.95$7,090
Jun 201511210156.152.88$6,580
May 201516810155.212.96$9,574
Apr 20151288149.822.71$6,596
Mar 20151499042.892.93$6,655
Feb 201517513244.662.98$8,208
Jan 201516718243.433.10$7,817
Dec 201415319354.693.59$9,061
Nov 201413726070.464.25$10,759
Oct 201413933178.303.90$12,175
Sep 201415940286.164.05$15,326
Aug 201418644189.394.04$18,406
Jul 201412344096.564.18$13,716
Jun 201410440998.164.74$12,146
May 201414533694.734.73$15,324
Apr 201420238295.944.81$21,217
Mar 201424135795.895.06$24,915
Feb 201421732397.406.19$23,136
Jan 201420320290.404.86$19,333
Dec 201314130191.824.35$14,257
Nov 201349232788.853.74$44,937
Oct 201323130997.423.78$23,672
Sep 2013139262104.113.72$15,445
Aug 201348258104.253.52$5,913
Jul 201372233102.523.72$8,248
Jun 201316427594.403.93$16,563
May 201320730494.834.15$20,891
Apr 201320634793.964.28$20,842
Mar 201327561693.623.91$28,156
Feb 201318840891.233.42$18,547
Jan 201329642491.603.42$28,564
Dec 201228047586.773.42$25,920
Nov 201221533586.953.62$19,909
Oct 201225940689.383.40$24,530
Sep 201225844994.672.92$25,735
Aug 201228051592.662.91$27,443
Jul 201221243985.133.02$19,374
Jun 201233955779.822.52$28,462
May 201227757491.612.49$26,804
Apr 2012279541101.652.00$29,441
Mar 2012308507105.052.22$33,482
Feb 2012235461101.102.57$24,943
Jan 201233852298.092.73$34,582
Dec 201131449596.873.24$32,021
Nov 201128747195.723.31$29,031
Oct 201126841184.983.65$24,274
Sep 201120038083.623.99$18,239
Aug 201122747683.404.15$20,907
Jul 201121346394.144.52$22,143
Jun 201121743692.904.64$22,182
May 201120136698.134.40$21,336
Apr 2011185394105.964.33$21,310
Mar 201119542696.364.06$20,519
Feb 201115733285.644.18$14,833
Jan 201118735086.504.59$17,782
Dec 201023537885.734.35$21,790
Nov 201023338180.843.80$20,282
Oct 201020738178.103.51$17,504
Sep 2010234072.633.98$16,995
Aug 201029444973.684.42$23,646
Jul 201029754072.554.74$24,105
Jun 201026648870.364.91$21,112
May 201030655471.124.24$24,109
Apr 201028151981.694.12$25,095
Mar 201030461378.394.39$26,521
Feb 201032963373.585.44$27,653
Jan 201034258574.365.96$28,920
Dec 200934164371.445.48$27,887
Nov 200937772274.593.75$30,829
Oct 200938177072.544.11$30,803
Sep 200942574165.543.06$30,125
Aug 200940778967.423.22$29,979
Jul 200935371161.133.46$24,042
Jun 200934061266.163.90$24,878
May 200941962554.743.93$25,390
Apr 200934260246.773.59$18,155
Mar 200938171442.144.06$18,953
Feb 200934172432.814.63$14,543
Jan 200937587435.865.37$18,142
Dec 200842986137.105.98$21,062
Nov 200845984155.496.86$31,239
Oct 20084811,04975.246.92$43,452
Sep 2008371875101.767.88$44,645
Aug 20084811,133114.228.48$64,551
Jul 20085061,128131.0811.39$79,174
Jun 20084751,183131.3313.03$77,799
May 20084451,191123.1711.57$68,596
Apr 20084701,231110.3110.45$64,716
Mar 20085141,342101.909.66$65,346
Feb 20085381,24792.538.77$60,718
Jan 20086001,37790.388.21$65,527
Dec 20077391,60088.337.30$76,959
Nov 20077591,63591.677.29$81,499
Oct 20077661,73682.856.92$75,480
Sep 20079882,21875.846.24$88,779
Aug 20071,0322,42669.066.39$86,767
Jul 20071,0182,12870.906.39$85,770
Jun 200743346262.007.55$30,333
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 200728050.306.73$1,408
Dec 2006522756.656.92$3,133
Nov 2006361854.207.62$2,088
Oct 2006641954.906.01$3,628
Sep 2006546860.085.04$3,587
Aug 2006546768.717.34$4,202
Jul 2006316569.376.34$2,563
Jun 2006496966.286.38$3,688
May 2006366766.016.42$2,807
Apr 2006324164.397.36$2,362
Mar 200683856.707.08$723
Feb 200635857.597.75$2,078
Jan 2006193660.598.93$1,473
Dec 2005802454.9413.42$4,717
Nov 2005713554.6910.59$4,254
Oct 2005516658.3413.80$3,886
Sep 2005425561.4512.08$3,245
Aug 2005305461.519.80$2,374
Jul 2005376155.697.84$2,539
Jun 2005405952.337.38$2,529
May 2005356045.226.65$1,982
Apr 2005394049.207.36$2,213
Mar 2005825050.377.15$4,488
Feb 2005426845.226.31$2,328
Jan 2005516843.166.32$2,631
Dec 2004547739.866.75$2,672
Nov 2004577645.286.33$3,062
Oct 2004157649.706.52$1,241
Sep 2004626643.245.28$3,030
Aug 2004618142.375.55$3,034
Jul 2004267138.286.08$1,427
Jun 2004757536.106.43$3,190
May 2004425737.486.49$1,944
Apr 2004653834.475.86$2,463
Mar 2004614334.365.53$2,334
Feb 2004588532.455.51$2,350
Jan 2004728132.036.30$2,816
Dec 2003336830.266.30$1,427
Nov 2003675428.804.60$2,178
Oct 2003445928.174.76$1,520
Sep 2003596126.314.75$1,842
Aug 2003466529.765.13$1,702
Jul 2003386429.415.17$1,449
Jun 2003576428.565.98$2,011
May 2003358726.595.97$1,450
Apr 2003457326.675.41$1,595
Mar 2003297431.146.10$1,354
Feb 2003626333.487.93$2,575
Jan 2003446630.315.58$1,702
Dec 2002466026.914.85$1,529
Nov 2002855624.664.14$2,328
Oct 2002286126.464.23$999
Sep 2002464827.443.64$1,437
Aug 2002655025.963.16$1,846
Jul 2002453824.583.06$1,222
Jun 2002903923.733.34$2,266
May 2002483224.663.58$1,298
Apr 2002365723.653.51$1,052
Mar 2002476222.003.10$1,226
Feb 2002325418.222.38$711
Jan 2002786017.172.38$1,482
Dec 2001804616.932.36$1,463
Nov 2001516118.072.41$1,068
Oct 2001676719.782.53$1,495
Sep 2001645824.262.25$1,683
Aug 2001705624.873.05$1,912
Jul 2001606623.933.20$1,647
Jun 2001666324.563.82$1,862
May 2001556225.524.31$1,671
Apr 2001855824.685.34$2,407
Mar 2001536024.545.38$1,623
Feb 2001445327.755.77$1,527
Jan 2001565227.478.40$1,975
Dec 2000655526.889.12$2,249
Nov 2000575432.215.66$2,142
Oct 2000443831.235.15$1,570
Sep 2000595631.875.19$2,171
Aug 2000775629.644.54$2,537
Jul 2000595828.534.09$1,920
Jun 2000736529.304.40$2,425
May 2000756527.263.68$2,284
Apr 2000805824.513.12$2,142
Mar 20001076028.422.86$3,213
Feb 2000965627.622.73$2,804
Jan 20001055325.272.48$2,785
Dec 19991055424.282.42$2,680
Nov 1999855623.192.43$2,107
Oct 1999896120.982.80$2,038
Sep 1999685821.752.62$1,631
Aug 1999697019.262.88$1,530
Jul 1999698317.892.37$1,431
Jun 1999727315.942.36$1,320
May 19998610415.792.32$1,599
Apr 19999110415.102.21$1,604
Mar 19991028112.471.84$1,421
Feb 199963749.981.82$763
Jan 19998010310.381.90$1,026
Dec 1998821029.201.77$935
Nov 1998999210.892.19$1,279
Oct 1998997712.421.97$1,381
Sep 19981199212.592.08$1,690
Aug 199819513611.301.91$2,463
Jul 199824812411.742.24$3,189
Jun 199832012011.242.24$3,865
May 199818816412.622.21$2,734
Apr 199820815213.042.51$3,093
Mar 199820215912.802.31$2,953
Feb 199815012313.952.30$2,375
Jan 199819617814.702.15$3,265
Dec 199718015516.322.41$3,311
Nov 199718614618.193.09$3,834
Oct 199718818419.253.15$4,199
Sep 199718117617.742.95$3,731
Aug 199717018217.862.55$3,501
Jul 199714818417.582.25$3,015
Jun 199716817217.242.26$3,285
May 199719219518.972.31$4,092
Apr 199718214717.882.08$3,560
Mar 199716216418.951.94$3,388
Feb 199713516520.492.21$3,130
Jan 199715717023.483.54$4,288
Dec 199620120223.32$4,687
Nov 199619918421.97$4,372
Oct 199618518123.31$4,312
Sep 199619023322.22$4,222
Aug 199618025920.26$3,647
Jul 199622424219.55$4,379
Jun 199619118018.73$3,577
May 199619619219.43$3,808
Apr 199619218021.51$4,130
Mar 199622421619.38$4,341
Feb 199622021916.98$3,736
Jan 199622614617.07$3,858
Dec 199525517817.19$4,383
Nov 199523032716.00$3,680
Oct 199521526215.43$3,317
Sep 199525421916.18$4,110
Aug 199530426015.92$4,840
Jul 199525836015.24$3,932
Jun 199525233416.41$4,135
May 199529424017.56$5,163
Apr 199527923817.73$4,947
Mar 199528128716.44$4,620
Feb 199531426716.58$5,206
Jan 199534530215.92$5,492
Dec 199439426215.03$5,922
Nov 199441933215.90$6,662
Oct 199429430315.58$4,581
Sep 199431031515.29$4,740
Aug 199436526516.13$5,887
Jul 199436320817.56$6,374
Jun 199433822717.09$5,776
May 199430824115.88$4,891
Apr 199431027514.14$4,383
Mar 199441031712.46$5,109
Feb 199430730312.50$3,838
Jan 199441125512.66$5,203
Dec 199342939012.33$5,290
Nov 199340138714.49$5,810
Oct 199332940615.85$5,215
Sep 199338437915.03$5,772
Aug 199333325315.66$5,215
Jul 199340035815.46$6,184
Jun 199323124416.79$3,878
May 199325020117.68$4,420
Apr 199331121418.05$5,614
Mar 199329331318.14$5,315
Feb 199328740217.90$5,137
Jan 199332825216.93$5,553

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.

Nov 2023 — as filed, then multipliedworked
Oil                1,080 bbl  × $ 77.89 =    $84,121
Casinghead gas     1,241 Mcf  × $  2.81 =     $3,484

────────────────────────────────────────────────────
Month total                                  $87,605

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/25628 is the state's own key, not one this site invented.