LEA, P.J.

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

Oil lease lease 28523District 08Field 80473620Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$8.1 M
Jan 1993 – May 2026
Value, last 12 filed months
$910 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 25 leases and 326 wells, and the rule below applies to all of them.

Discovered
1963-05-13
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 10 acres. The field rule took effect on 2025-01-29.

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: DKT 24-00018462; UFT FIELD, 3477 - 3942 INTERVAL, NO MINIMUM

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
NGPA4none

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
OilDisposition137,182 bbl$6,856,739
Casinghead gasProduction426,499 Mcf$1,236,943
Total$8,093,683

18,822 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 (11)

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 31.4911, -102.5899. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.3 miles.

31.48954, -102.58834 · 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
18.2%
2 of 11 wells
With a plug date
9.1%
1 of 11 wells
Median depth
4,900 ft
11 wells filed one
Completion to plug
16 months
median over 1 well

What the state filed about each well

On the RRC proration schedule
218.2%
A plug date is filed
19.1%
BothOn the schedule and plugged. Neither fact cancels the other.
19.1%
NeitherNo plug date, and not on the schedule.
981.8%

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, 11 of 11 wells. Median 4,900 ft, with the middle half between 4,900 and 5,000 ft; the shallowest is 4,400 ft and the deepest 6,227 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, 11 of 11 wells, Jan 1987 – Aug 2024. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Jan 1987 – Aug 2024
11 of 11 wells
Plug dates filed
Dec 2025
1 of 11 wells; 10 filed none

Last completion to plug: a median of 16 months across the 1 well that filed both dates, with the middle half between 16 months and 16 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

11 wells

42-10333233534,900 ftAug 2024Dec 2025Yes
42-10334335664,972 ftJul 2023
42-10303596184,810 ftMar 2023
42-10333091514,900 ftMar 2023
42-10335007855,000 ftFeb 2023
42-10335006805,012 ftJan 2023
42-10333795564,900 ftJan 2023
42-10334281556,227 ftNov 2022
42-10335078915,000 ftNov 2022
42-10333089494,900 ftDec 1991Yes
42-10333400424,400 ftJan 1987

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 20268062,826106.413.05$94,374
Apr 20266822,97198.932.87$75,996
Mar 20269223,89889.753.15$95,026
Feb 20266155,43663.503.75$59,439
Jan 20264464,20059.138.00$59,963
Dec 20253383,28656.664.41$33,653
Nov 20252582,91158.593.93$26,546
Oct 20258196,95659.383.30$71,621
Sep 20251,1038,23562.743.08$94,541
Aug 20259388,72363.933.01$86,264
Jul 20251,0809,81466.743.32$104,615
Jun 20251,15010,22566.483.13$108,443
May 20251,0568,18560.553.23$90,397
Apr 20251,0252,78862.363.54$73,797
Mar 20258323,48767.704.27$71,210
Feb 20258211,67570.884.34$65,463
Jan 20251,3092,52874.324.28$108,101
Dec 20241,0614,05268.993.12$85,846
Nov 20246881,27269.052.20$50,303
Oct 20247582,52471.372.28$59,857
Sep 20248873,82569.612.36$70,788
Aug 20248824,75575.632.06$76,518
Jul 20241,0538,64079.932.15$102,713
Jun 20241,0687,38578.082.63$102,841
May 20241,3265,77678.812.20$117,200
Apr 20241,5793,83884.451.66$139,715
Mar 20242,25510,98880.301.55$198,054
Feb 20241,72210,31176.091.78$149,418
Jan 20241,4687,37273.023.30$131,504
Dec 20231,5999,88671.262.61$139,754
Nov 20232,02611,22277.892.81$189,312
Oct 20231,73612,08685.443.09$185,637
Sep 20232,00914,03989.042.74$217,279
Aug 20232,85618,21780.522.67$278,657
Jul 20231,96114,17474.852.64$184,226
Jun 20232,53617,51968.962.26$214,449
May 20233,62719,01570.622.23$298,493
Apr 20233,47823,86578.122.24$325,106
Mar 20233,41218,79172.852.39$293,534
Feb 20232,93715,68175.112.47$259,262
Jan 20231,6327,61776.533.39$150,701
Dec 20221,9916,12176.415.73$187,200
Nov 20221,7406,39385.005.65$183,996
Oct 20229263687.185.86$11,750
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 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20187063.842.90$447
Mar 2018963761.222.79$5,980
Feb 2018964961.782.77$6,066
Jan 2018752562.874.01$4,815
Dec 20171337257.272.92$7,827
Nov 20171076155.423.12$6,120
Oct 20171004049.292.98$5,048
Sep 20171054147.523.09$5,116
Aug 2017823645.373.00$3,829
Jul 2017914243.873.09$4,122
Jun 2017875042.493.09$3,851
May 20171076245.373.26$5,057
Apr 20171526347.933.21$7,488
Mar 20174182546.772.98$19,624
Feb 2017763050.452.95$3,923
Jan 2017814049.413.42$4,139
Dec 2016714248.763.72$3,618
Nov 2016637942.492.64$2,886
Oct 2016908346.193.09$4,414
Sep 2016747941.553.10$3,320
Aug 20161037941.442.92$4,499
Jul 2016377141.622.92$1,748
Jun 2016817445.352.69$3,872
May 2016964942.521.99$4,179
Apr 20161017936.561.99$3,850
Mar 20161047833.011.79$3,573
Feb 2016859126.472.06$2,438
Jan 20168811627.352.36$2,681
Dec 2015878832.362.00$2,991
Nov 20155610338.792.17$2,395
Oct 20156311643.552.43$3,025
Sep 20154711542.992.76$2,338
Aug 20154512840.162.87$2,175
Jul 20156711548.152.95$3,565
Jun 2015579556.152.88$3,474
May 20157911355.212.96$4,696
Apr 2015405149.822.71$2,131
Mar 2015678042.892.93$3,108
Feb 2015891044.662.98$4,005
Jan 201513410743.433.10$6,151
Dec 201411415854.693.59$6,802
Nov 2014743270.464.25$5,350
Oct 2014609478.303.90$5,065
Sep 20148412986.164.05$7,759
Aug 2014759989.394.04$7,104
Jul 2014479496.564.18$4,931
Jun 2014548798.164.74$5,713
May 2014668294.734.73$6,640
Apr 20145412695.944.81$5,787
Mar 2014387395.895.06$4,013
Feb 20147110497.406.19$7,559
Jan 2014607890.404.86$5,803
Dec 2013834291.824.35$7,804
Nov 2013908888.853.74$8,325
Oct 2013757997.423.78$7,605
Sep 20135076104.113.72$5,488
Aug 20137878104.253.52$8,406
Jul 20136632102.523.72$6,885
Jun 2013715494.403.93$6,915
May 2013688794.834.15$6,809
Apr 2013627693.964.28$6,151
Mar 2013665293.623.91$6,382
Feb 2013754691.233.42$7,000
Jan 2013925591.603.42$8,615
Dec 2012863386.773.42$7,575
Nov 20121003586.953.62$8,822
Oct 20121208889.383.40$11,025
Sep 20121097194.672.92$10,526
Aug 201212213592.662.91$11,697
Jul 201211710885.133.02$10,286
Jun 20121397779.822.52$11,289
May 201220313791.612.49$18,938
Apr 2012146105101.652.00$15,051
Mar 2012106130105.052.22$11,424
Feb 201278118101.102.57$8,189
Jan 20121626998.092.73$16,079
Dec 20111156896.873.24$11,360
Nov 20112827495.723.31$27,238
Oct 20111517884.983.65$13,117
Sep 20111245883.623.99$10,600
Aug 20111267483.404.15$10,815
Jul 20110094.144.52$0
Jun 2011144192.904.64$1,491
May 2011268098.134.40$2,904
Apr 20113183105.964.33$3,644
Mar 2011335,04196.364.06$23,633
Feb 2011773985.644.18$6,757
Jan 2011935386.504.59$8,288
Dec 2010506185.734.35$4,552
Nov 2010298480.843.80$2,663
Oct 2010638278.103.51$5,208
Sep 2010518272.633.98$4,030
Aug 2010278173.684.42$2,347
Jul 2010118272.554.74$1,186
Jun 2010647570.364.91$4,871
May 20105684071.124.24$7,540
Apr 2010283,06981.694.12$14,940
Mar 2010291,62478.394.39$9,401
Feb 20102798073.585.44$7,320
Jan 2010287474.365.96$2,523
Dec 2009319871.445.48$2,752
Nov 2009659874.593.75$5,216
Oct 20096510772.544.11$5,155
Sep 2009759565.543.06$5,207
Aug 200912410767.423.22$8,704
Jul 200911910561.133.46$7,638
Jun 200910910666.163.90$7,624
May 20091439654.743.93$8,205
Apr 20091819746.773.59$8,813
Mar 200916910342.144.06$7,540
Feb 20091339732.814.63$4,813
Jan 200913112035.865.37$5,342
Dec 200814711637.105.98$6,147
Nov 200813211555.496.86$8,114
Oct 200812613675.246.92$10,422
Sep 2008135137101.767.88$14,817
Aug 2008132140114.228.48$16,265
Jul 2008120144131.0811.39$17,370
Jun 2008131115131.3313.03$18,703
May 2008144133123.1711.57$19,276
Apr 2008163131110.3110.45$19,350
Mar 2008183109101.909.66$19,701
Feb 200812911692.538.77$12,954
Jan 200813210990.388.21$12,825
Dec 200711411288.337.30$10,887
Nov 20071089991.677.29$10,622
Oct 2007999082.856.92$8,825
Sep 20071248275.846.24$9,916
Aug 20071358669.066.39$9,872
Jul 20071468370.906.39$10,882
Jun 20071365262.007.55$8,825
May 20071088058.747.85$6,972
Apr 20071198259.617.81$7,734
Mar 200714010256.927.30$8,714
Feb 20071359155.108.22$8,186
Jan 200717110050.306.73$9,274
Dec 200619310556.656.92$11,660
Nov 20061729254.207.62$10,023
Oct 200616610154.906.01$9,721
Sep 2006846760.085.04$5,384
Aug 2006625268.717.34$4,642
Jul 20061055569.376.34$7,633
Jun 2006915466.286.38$6,376
May 2006585866.016.42$4,201
Apr 20063294064.397.36$8,979
Mar 200602,07556.707.08$14,697
Feb 200601,91957.597.75$14,874
Jan 200602,15660.598.93$19,260
Dec 200563054.9413.42$732
Nov 2005583154.6910.59$3,500
Oct 2005703458.3413.80$4,553
Sep 20051066561.4512.08$7,299
Aug 20055713661.519.80$4,838
Jul 200511012855.697.84$7,130
Jun 20052414352.337.38$2,311
May 20054815345.226.65$3,188
Apr 20056114349.207.36$4,054
Mar 2005577450.377.15$3,401
Feb 2005449745.226.31$2,602
Jan 2005493443.166.32$2,330
Dec 2004502539.866.75$2,162
Nov 2004352645.286.33$1,749
Oct 2004386049.706.52$2,280
Sep 2004212543.245.28$1,040
Aug 2004272642.375.55$1,288
Jul 2004343738.286.08$1,527
Jun 2004163436.106.43$796
May 200403537.486.49$227
Apr 200423234.475.86$256
Mar 200454034.365.53$1,855
Feb 200452032.455.51$1,687
Jan 200452032.036.30$1,666
Dec 200360030.266.30$1,816
Nov 200362028.804.60$1,786
Oct 200360028.174.76$1,690
Sep 200349026.314.75$1,289
Aug 200369029.765.13$2,053
Jul 200356029.415.17$1,647
Jun 2003252028.565.98$7,197
May 2003229026.595.97$6,089
Apr 2003253026.675.41$6,748
Mar 2003268031.146.10$8,346
Feb 2003241033.487.93$8,069
Jan 2003285030.315.58$8,638
Dec 2002273026.914.85$7,346
Nov 2002256024.664.14$6,313
Oct 2002290026.464.23$7,673
Sep 2002305027.443.64$8,369
Aug 2002259025.963.16$6,724
Jul 2002245024.583.06$6,022
Jun 2002292023.733.34$6,929
May 2002268024.663.58$6,609
Apr 2002290023.653.51$6,859
Mar 2002291022.003.10$6,402
Feb 2002250018.222.38$4,555
Jan 2002302017.172.38$5,185
Dec 2001274016.932.36$4,639
Nov 2001289018.072.41$5,222
Oct 2001303019.782.53$5,993
Sep 2001262024.262.25$6,356
Aug 2001290024.873.05$7,212
Jul 2001302023.933.20$7,227
Jun 2001299024.563.82$7,343
May 2001277025.524.31$7,069
Apr 2001316024.685.34$7,799
Mar 2001280024.545.38$6,871
Feb 2001223027.755.77$6,188
Jan 2001223027.478.40$6,126
Dec 2000253026.889.12$6,801
Nov 2000243032.215.66$7,827
Oct 2000280031.235.15$8,744
Sep 2000270031.875.19$8,605
Aug 2000280029.644.54$8,299
Jul 2000286028.534.09$8,160
Jun 2000282029.304.40$8,263
May 2000295027.263.68$8,042
Apr 2000286024.513.12$7,010
Mar 2000291028.422.86$8,270
Feb 2000286027.622.73$7,899
Jan 2000279025.272.48$7,050
Dec 1999314024.282.42$7,624
Nov 1999293023.192.43$6,795
Oct 1999310020.982.80$6,504
Sep 1999307021.752.62$6,677
Aug 1999312019.262.88$6,009
Jul 1999329017.892.37$5,886
Jun 1999324015.942.36$5,165
May 1999337015.792.32$5,321
Apr 1999335015.102.21$5,059
Mar 1999351012.471.84$4,377
Feb 199935609.981.82$3,553
Jan 1999356010.381.90$3,695
Dec 199833009.201.77$3,036
Nov 1998364010.892.19$3,964
Oct 199838212812.421.97$4,997
Sep 199836574812.592.08$6,153
Aug 199837965011.301.91$5,522
Jul 199833857411.742.24$5,252
Jun 199838378111.242.24$6,052
May 199841566112.622.21$6,696
Apr 199839468813.042.51$6,861
Mar 199840282612.802.31$7,053
Feb 199839365013.952.30$6,977
Jan 199846978214.702.15$8,579
Dec 199745879716.322.41$9,396
Nov 199743672518.193.09$10,170
Oct 199739469019.253.15$9,758
Sep 199743092817.742.95$10,370
Aug 19975025,95117.862.55$24,169
Jul 199746090917.582.25$10,129
Jun 199742793617.242.26$9,474
May 19979021,01118.972.31$19,445
Apr 19971,01667617.882.08$19,574
Mar 19971,6891,27718.951.94$34,483
Feb 199778192620.492.21$18,045
Jan 199782382423.483.54$22,241
Dec 19968211,19023.32$19,146
Nov 199688084221.97$19,334
Oct 199682041123.31$19,114
Sep 199657629122.22$12,799
Aug 19962169420.26$4,376
Jul 199657027419.55$11,144
Jun 199669234218.73$12,961
May 199678423819.43$15,233
Apr 199657225021.51$12,304
Mar 199641014119.38$7,946
Feb 199636715916.98$6,232
Jan 199639818117.07$6,794
Dec 199547212917.19$8,114
Nov 199556212516.00$8,992
Oct 199560114615.43$9,273
Sep 199557316716.18$9,271
Aug 199552414615.92$8,342
Jul 19952789315.24$4,237
Jun 199546116116.41$7,565
May 199579932917.56$14,030
Apr 199577135517.73$13,670
Mar 199577343716.44$12,708
Feb 199583248716.58$13,795
Jan 199598156515.92$15,618
Dec 199499944415.03$15,015
Nov 199462725115.90$9,969
Oct 199444416315.58$6,918
Sep 199434411415.29$5,260
Aug 199440112516.13$6,468
Jul 199445113117.56$7,920
Jun 199445815417.09$7,827
May 199460519415.88$9,607
Apr 199476128214.14$10,761
Mar 199481755112.46$10,180
Feb 199478728012.50$9,838
Jan 199480429212.66$10,179
Dec 199398238612.33$12,108
Nov 19931,04542714.49$15,142
Oct 199369141715.85$10,952
Sep 199353026415.03$7,966
Aug 199357229715.66$8,958
Jul 199354320215.46$8,395
Jun 199358025616.79$9,738
May 199398040717.68$17,326
Apr 199379342418.05$14,314
Mar 19939344,24018.14$16,943
Feb 199337830217.90$6,766
Jan 199369366616.93$11,732

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                  806 bbl  × $106.41 =    $85,766
Casinghead gas     2,826 Mcf  × $  3.05 =     $8,608

────────────────────────────────────────────────────
Month total                                  $94,374

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/28523 is the state's own key, not one this site invented.