LEA, P.J. ET AL

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

Oil lease lease 27415District 08Field 52628700Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$10.6 M
Jan 1993 – Feb 2024
Value, last 12 filed months
$323 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 4 leases and 15 wells, and the rule below applies to all of them.

Discovered
1982-05-30
as the register files it
Field class
Oil
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2013-06-01.

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
NGPA6none

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
OilDisposition176,794 bbl$9,377,023
Casinghead gasProduction377,419 Mcf$1,224,089
Total$10,601,112

57,835 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 (10)

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 31.4008, -102.5256. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

31.40121, -102.52511 · 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%
10 of 10 wells
With a plug date
20.0%
2 of 10 wells
Median depth
4,807 ft
10 wells filed one
Completion to plug
28.5 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
10100.0%
A plug date is filed
220.0%
BothOn the schedule and plugged. Neither fact cancels the other.
220.0%
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

Total depth in feet, 10 of 10 wells. Median 4,807 ft, with the middle half between 4,800 and 7,655 ft; the shallowest is 4,750 ft and the deepest 8,765 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, 10 of 10 wells, Dec 1982 – Mar 2022. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Dec 1982 – Mar 2022
10 of 10 wells
Plug dates filed
Sep 2017 – Oct 2019
2 of 10 wells; 8 filed none

Last completion to plug: a median of 28.5 years across the 2 wells that filed both dates, with the middle half between 24.3 years and 32.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

10 wells

42-103333692084,890 ftMar 2022Yes
42-10336091234H8,577 ftOct 2021Yes
42-103334182128,765 ftJul 2021Yes
42-103330481464,800 ftJun 2021Yes
42-103330081444,800 ftJun 2021Yes
42-103329511354,800 ftApr 2021Yes
42-103329501344,813 ftMar 2020Yes
42-10300239278,650 ftNov 2015Yes
42-103328311144,750 ftJul 1997Sep 2017Yes
42-103330071454,800 ftDec 1982Oct 2019Yes

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 2023379577.892.81$3,149
Oct 202334734885.443.09$30,722
Sep 202340934789.042.74$37,366
Aug 202335949580.522.67$30,230
Jul 202345067874.852.64$35,474
Jun 202347479068.962.26$34,471
May 20235201,49770.622.23$40,057
Apr 20236311,36378.122.24$52,344
Mar 20237661,51672.852.39$59,431
Feb 20236851,07675.112.47$54,103
Jan 202385582176.533.39$68,214
Dec 20228121,10876.415.73$68,393
Nov 202277698285.005.65$71,505
Oct 20228161,22287.185.86$78,304
Sep 20227521,07184.888.16$72,573
Aug 202295770994.529.13$96,927
Jul 2022960850101.587.54$103,928
Jun 20221,2821,071115.097.98$156,089
May 20221,9971,244109.378.43$228,903
Apr 2022708529104.226.84$77,405
Mar 2022636420108.885.08$71,380
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 20212070.783.98$142
Jun 202157069.493.38$584
May 20210063.483.02$0
Apr 20213360.362.76$189
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 20209014.751.80$133
Mar 2020602630.341.86$1,869
Feb 2020896849.881.98$4,574
Jan 202041725157.252.09$24,399
Dec 201940025859.012.30$24,199
Nov 201916758355.302.75$10,839
Oct 20192841,57453.472.42$18,992
Sep 201921085255.052.66$13,825
Aug 201947061653.112.30$26,381
Jul 201942081356.272.46$25,633
Jun 201932755352.782.49$18,637
May 201951788058.482.74$32,646
Apr 201939877662.632.75$27,061
Mar 201947795256.803.06$30,009
Feb 201929472150.852.79$16,963
Jan 201929994146.033.23$16,801
Dec 20183631,03646.594.19$21,248
Nov 20183601,08352.934.24$23,644
Oct 20184061,17861.443.40$28,948
Sep 20182721,11259.543.11$19,651
Aug 20183381,12359.403.07$23,521
Jul 20182981,06665.142.93$22,537
Jun 201824083560.183.08$17,012
May 201828096865.382.90$21,114
Apr 201829746663.842.90$20,312
Mar 201831191061.222.79$21,575
Feb 201829296961.782.77$20,720
Jan 20184671,07362.874.01$33,662
Dec 20172401,21357.272.92$17,289
Nov 20173671,10955.423.12$23,797
Oct 20172231,16149.292.98$14,456
Sep 20172541,12547.523.09$15,543
Aug 20173061,17145.373.00$17,401
Jul 20172651,25243.873.09$15,491
Jun 20175292,31142.493.09$29,612
May 20173731,80745.373.26$22,820
Apr 20175262,65747.933.21$33,744
Mar 20177574,67446.772.98$49,351
Feb 20175453,34550.452.95$37,372
Jan 20175303,11449.413.42$36,833
Dec 20167144,60548.763.72$51,958
Nov 20161,4316,34042.492.64$77,568
Oct 20161,1486,57146.193.09$73,332
Sep 20161,4695,64941.553.10$78,552
Aug 20161,4287,51641.442.92$81,156
Jul 20161,3736,92041.622.92$77,381
Jun 20161,0084,82045.352.69$58,659
May 20161,4155,31742.521.99$70,752
Apr 20161,2673,26236.561.99$52,816
Mar 20161,7103,09933.011.79$62,007
Feb 20161,88712126.472.06$50,199
Jan 20162,0003,53927.352.36$63,067
Dec 20152,2443,39232.362.00$79,405
Nov 20151,7713,08138.792.17$75,375
Oct 20151,7221,09043.552.43$77,638
Sep 20151,7841,34742.992.76$80,410
Aug 20151,5773,21640.162.87$72,570
Jul 20151,5903,67748.152.95$87,388
Jun 20151,2494,16856.152.88$82,147
May 20151,4344,35855.212.96$92,051
Apr 20151,7054,09549.822.71$96,027
Mar 20151,6843,35842.892.93$82,082
Feb 20151,7883,04244.662.98$88,906
Jan 20152,0923,05643.433.10$100,331
Dec 20141,9793,88154.693.59$122,170
Nov 20141,4674,19270.464.25$121,189
Oct 20142,1163,62078.303.90$179,804
Sep 20142,9365,23086.164.05$274,123
Aug 20142,8366,67889.394.04$280,457
Jul 20142,1147,69596.564.18$236,290
Jun 20142,2046,29798.164.74$246,173
May 20141,9114,68294.734.73$203,159
Apr 20141,9555,04195.944.81$211,805
Mar 20148372,58995.895.06$93,352
Feb 20147902,05697.406.19$89,677
Jan 20148971,05490.404.86$86,212
Dec 20135632,38791.824.35$62,089
Nov 20131,1512,25888.853.74$110,707
Oct 201358690697.423.78$60,512
Sep 20132711,753104.113.72$34,731
Aug 2013147427104.253.52$16,829
Jul 20132731,493102.523.72$33,539
Jun 20137361,90594.403.93$76,972
May 20131,1072,25794.834.15$114,341
Apr 20139781,85693.964.28$99,841
Mar 20137531,33693.623.91$75,723
Feb 201335467191.233.42$34,590
Jan 201358313191.603.42$53,851
Dec 201218435686.773.42$17,183
Nov 201218013986.953.62$16,155
Oct 201223918089.383.40$21,974
Sep 201222918394.672.92$22,214
Aug 201224920392.662.91$23,663
Jul 201218917785.133.02$16,624
Jun 201230122479.822.52$24,590
May 201224622691.612.49$23,098
Apr 2012248211101.652.00$25,631
Mar 2012273203105.052.22$29,130
Feb 2012177154101.102.57$18,291
Jan 201222617598.092.73$22,647
Dec 201121116596.873.24$20,974
Nov 201121517895.723.31$21,169
Oct 201123617884.983.65$20,705
Sep 201117212783.623.99$14,889
Aug 201119415883.404.15$16,835
Jul 201118315594.144.52$17,928
Jun 201118715992.904.64$18,110
May 201122620798.134.40$23,089
Apr 2011254263105.964.33$28,053
Mar 201127528396.364.06$27,647
Feb 201121719585.644.18$19,399
Jan 201132027486.504.59$28,937
Dec 201031820685.734.35$28,158
Nov 201030019480.843.80$24,988
Oct 201026622278.103.51$21,554
Sep 2010294072.633.98$21,353
Aug 201029922673.684.42$23,029
Jul 201024322272.554.74$18,681
Jun 201022220470.364.91$16,622
May 201026727671.124.24$20,158
Apr 201023822181.694.12$20,353
Mar 201022217678.394.39$18,175
Feb 201024418073.585.44$18,933
Jan 201025719574.365.96$20,274
Dec 200925022071.445.48$19,066
Nov 200925526874.593.75$20,026
Oct 200922527572.544.11$17,452
Sep 200923921165.543.06$16,311
Aug 200929125167.423.22$20,427
Jul 200932424661.133.46$20,658
Jun 200934625666.163.90$23,888
May 200939333154.743.93$22,812
Apr 200930223846.773.59$14,978
Mar 200927725642.144.06$12,712
Feb 200920630932.814.63$8,190
Jan 200922441135.865.37$10,240
Dec 200822335837.105.98$10,413
Nov 200823731855.496.86$15,333
Oct 200831637175.246.92$26,344
Sep 2008225337101.767.88$25,551
Aug 2008243418114.228.48$31,301
Jul 2008294461131.0811.39$43,788
Jun 2008309543131.3313.03$47,658
May 2008351543123.1711.57$49,518
Apr 2008362558110.3110.45$45,766
Mar 2008336554101.909.66$39,592
Feb 200830049292.538.77$32,074
Jan 200826651390.388.21$28,251
Dec 200726251288.337.30$26,881
Nov 200730849991.677.29$31,873
Oct 200736261682.856.92$34,256
Sep 200740732275.846.24$32,878
Aug 200727419569.066.39$20,168
Jul 200727022870.906.39$20,599
Jun 200736137162.007.55$25,182
May 200733878258.747.85$25,990
Apr 200732382859.617.81$25,717
Mar 200723645456.927.30$16,748
Feb 200726862755.108.22$19,918
Jan 200732663950.306.73$20,696
Dec 200639771956.656.92$27,464
Nov 200634583054.207.62$25,022
Oct 20063841,05954.906.01$27,450
Sep 20064811,04260.085.04$34,147
Aug 20064621,14368.717.34$40,134
Jul 200636280469.376.34$30,212
Jun 200647796766.286.38$37,789
May 20065781,25466.016.42$46,211
Apr 20067961,47464.397.36$62,104
Mar 20068681,44356.707.08$59,436
Feb 200625852757.597.75$18,943
Jan 200620540860.598.93$16,066
Dec 200515131654.9413.42$12,535
Nov 200519634454.6910.59$14,362
Oct 200525642158.3413.80$20,743
Sep 200524938861.4512.08$19,988
Aug 200526747861.519.80$21,106
Jul 200528158355.697.84$20,222
Jun 200534551352.337.38$21,840
May 200527648745.226.65$15,720
Apr 200532651849.207.36$19,852
Mar 200523133550.377.15$14,032
Feb 200520328345.226.31$10,966
Jan 200522031843.166.32$11,506
Dec 200418635139.866.75$9,784
Nov 200423627745.286.33$12,440
Oct 200426137449.706.52$15,408
Sep 200426738643.245.28$13,585
Aug 200428037142.375.55$13,923
Jul 200429028238.286.08$12,817
Jun 200428325936.106.43$11,882
May 200424223337.486.49$10,583
Apr 200423628834.475.86$9,822
Mar 200424933734.365.53$10,419
Feb 200421723132.455.51$8,314
Jan 200421824632.036.30$8,532
Dec 200324228430.266.30$9,113
Nov 200322926728.804.60$7,822
Oct 200320331528.174.76$7,218
Sep 200321140826.314.75$7,489
Aug 200321828029.765.13$7,924
Jul 200324735629.415.17$9,105
Jun 200317634428.565.98$7,085
May 200320731326.595.97$7,374
Apr 200320026226.675.41$6,751
Mar 200321549031.146.10$9,682
Feb 200322147633.487.93$11,172
Jan 200327653730.315.58$11,363
Dec 200226048826.914.85$9,365
Nov 200230145824.664.14$9,317
Oct 200231366726.464.23$11,103
Sep 200228870627.443.64$10,469
Aug 200227868525.963.16$9,384
Jul 200213145324.583.06$4,607
Jun 200212636423.733.34$4,205
May 200214539824.663.58$5,002
Apr 200214841723.653.51$4,965
Mar 200212934322.003.10$3,902
Feb 200211228018.222.38$2,706
Jan 200216336517.172.38$3,666
Dec 200116632816.932.36$3,586
Nov 200115436418.072.41$3,658
Oct 200120261119.782.53$5,541
Sep 200126933424.262.25$7,278
Aug 200119332124.873.05$5,780
Jul 200117422423.933.20$4,880
Jun 200122225424.563.82$6,424
May 200117522225.524.31$5,422
Apr 200117722524.685.34$5,569
Mar 200117723724.545.38$5,618
Feb 200115420527.755.77$5,456
Jan 200119124027.478.40$7,262
Dec 200019622126.889.12$7,285
Nov 200032241532.215.66$12,720
Oct 200036434231.235.15$13,127
Sep 200031867531.875.19$13,636
Aug 200018457929.644.54$8,083
Jul 200017558628.534.09$7,389
Jun 200017456629.304.40$7,587
May 200018257727.263.68$7,085
Apr 200016958024.513.12$5,949
Mar 200012035728.422.86$4,431
Feb 200011533627.622.73$4,092
Jan 200011833725.272.48$3,818
Dec 199911437324.282.42$3,672
Nov 199911443223.192.43$3,695
Oct 199910346720.982.80$3,470
Sep 19999150621.752.62$3,304
Aug 19998851519.262.88$3,176
Jul 19998953617.892.37$2,864
Jun 19998257015.942.36$2,653
May 19998873815.792.32$3,102
Apr 19998573415.102.21$2,904
Mar 199910471412.471.84$2,609
Feb 19991446029.981.82$2,531
Jan 199918768610.381.90$3,244
Dec 19981755899.201.77$2,654
Nov 199818870910.892.19$3,597
Oct 199822467312.421.97$4,107
Sep 199818572212.592.08$3,833
Aug 199814066411.301.91$2,848
Jul 199814071311.742.24$3,239
Jun 199820879411.242.24$4,114
May 199821686512.622.21$4,634
Apr 199821585613.042.51$4,948
Mar 199827081712.802.31$5,343
Feb 199821278013.952.30$4,751
Jan 199823093614.702.15$5,398
Dec 199725095716.322.41$6,387
Nov 199722599918.193.09$7,178
Oct 199728283019.253.15$8,043
Sep 199723974117.742.95$6,429
Aug 199731366517.862.55$7,289
Jul 19975501,14017.582.25$12,231
Jun 19974641,01617.242.26$10,293
May 19975881,47718.972.31$14,564
Apr 199750199517.882.08$11,030
Mar 199738678218.951.94$8,831
Feb 199736982820.492.21$9,387
Jan 199745991523.483.54$14,016
Dec 199651795923.32$12,056
Nov 199647380721.97$10,392
Oct 199644993923.31$10,466
Sep 199650268722.22$11,154
Aug 199645883720.26$9,279
Jul 199637690719.55$7,351
Jun 199642683818.73$7,979
May 199644390119.43$8,607
Apr 199650685021.51$10,884
Mar 199648980719.38$9,477
Feb 199647884516.98$8,116
Jan 199649493217.07$8,433
Dec 199547585317.19$8,165
Nov 199553792316.00$8,592
Oct 199559495815.43$9,165
Sep 199562398116.18$10,080
Aug 19956491,13715.92$10,332
Jul 19956141,18915.24$9,357
Jun 199570095516.41$11,487
May 199553797017.56$9,430
Apr 19955451,12717.73$9,663
Mar 19955931,12316.44$9,749
Feb 19955451,08516.58$9,036
Jan 199555998215.92$8,899
Dec 19944791,05515.03$7,199
Nov 199462596515.90$9,938
Oct 199460991315.58$9,488
Sep 19946351,05615.29$9,709
Aug 19946481,03616.13$10,452
Jul 19944841,14717.56$8,499
Jun 19947251,14517.09$12,390
May 19947001,19715.88$11,116
Apr 19947061,13614.14$9,983
Mar 19949211,13912.46$11,476
Feb 199465399612.50$8,163
Jan 19948021,35112.66$10,153
Dec 19939421,36412.33$11,615
Nov 19939091,57614.49$13,171
Oct 19938741,61315.85$13,853
Sep 19936951,44615.03$10,446
Aug 19931,0872,02415.66$17,022
Jul 19939802,12615.46$15,151
Jun 19938981,95216.79$15,077
May 19931,0252,18517.68$18,122
Apr 19939841,99018.05$17,761
Mar 19939362,17218.14$16,979
Feb 19931,1181,75617.90$20,012
Jan 19931,0701,90316.93$18,115

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                   37 bbl  × $ 77.89 =     $2,882
Casinghead gas        95 Mcf  × $  2.81 =       $267

────────────────────────────────────────────────────
Month total                                   $3,149

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/27415 is the state's own key, not one this site invented.