LOVETT, J. C.

Operated by N & B OIL AND GAS LLC (P-5 598288) in the KERMIT field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 3223District 08Field 49038001Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$4.5 M
Jan 1993 – May 2026
Value, last 12 filed months
$111 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 177 leases and 1,256 wells, and the rule below applies to all of them.

Discovered
1928-12-31
as the register files it
Field class
Oil and gas
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 10 acres. The field rule took effect on 1937-02-20.

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.

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
NGPA13none

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
OilDisposition78,501 bbl$3,861,313
Casinghead gasProduction248,963 Mcf$662,966
Total$4,524,279

80,822 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 (19)

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 31.8446, -103.1150. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.1 miles.

31.84770, -103.11451 · 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
52.6%
10 of 19 wells
With a plug date
26.3%
5 of 19 wells
Median depth
3,243 ft
15 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
1052.6%
A plug date is filed
526.3%
BothOn the schedule and plugged. Neither fact cancels the other.
526.3%
NeitherNo plug date, and not on the schedule.
947.4%

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, 15 of 19 wells. Median 3,243 ft, with the middle half between 3,154 and 3,252 ft; the shallowest is 3,090 ft and the deepest 3,275 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 19 wells, May 1964 – Mar 1987. 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 1964 – Mar 1987
10 of 19 wells; 9 filed none
Plug dates filed
Nov 1993 – Sep 2002
5 of 19 wells; 14 filed none

19 wells

42-4950016593,243 ftJun 2002Yes
42-49500166103,155 ftNov 1993Yes
42-49500167113,153 ftSep 2002Yes
42-4958045133,139 ftSep 2002Yes
42-495804524WYes
42-4958045353,140 ftJun 2002Yes
42-495001571
42-495804547
42-495804558
42-495001626W3,250 ftMar 1987Yes
42-4950015823,090 ftJul 1984Yes
42-495045922G3,246 ftMar 1968Yes
42-49580461173,254 ftJul 1967
42-49580460163,270 ftJan 1966
42-49580459153,270 ftDec 1965
42-49580458143,275 ftMay 1965
42-49580457133,250 ftNov 1964
42-495045901G3,221 ftOct 1964Yes
42-49580456123,228 ftMay 1964

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 20260253106.413.05$771
Apr 2026161098.932.87$15,928
Mar 20260589.753.15$16
Feb 202616183563.503.75$13,355
Jan 2026055559.138.00$4,439
Dec 202516293556.664.41$13,305
Nov 2025058858.593.93$2,309
Oct 202516384159.383.30$12,458
Sep 2025166062.743.08$10,415
Aug 2025163063.933.01$10,421
Jul 202516379166.743.32$13,501
Jun 202516697466.483.13$14,083
May 202501,13660.553.23$3,672
Apr 20251647962.363.54$10,507
Mar 202516318567.704.27$11,825
Feb 202516512970.884.34$12,255
Jan 202516966374.324.28$15,397
Dec 202416697368.993.12$14,489
Nov 2024085369.052.20$1,875
Oct 20241621,02571.372.28$13,900
Sep 202401,15569.612.36$2,731
Aug 2024085175.632.06$1,756
Jul 202416158479.932.15$14,122
Jun 20241641,05278.082.63$15,576
May 20241607578.812.20$12,774
Apr 20241637584.451.66$13,890
Mar 2024041380.301.55$638
Feb 202416214776.091.78$12,589
Jan 202416663273.023.30$14,205
Dec 20231641,19871.262.61$14,814
Nov 202316336277.892.81$13,712
Oct 202316538185.443.09$15,274
Sep 20231661,02589.042.74$17,584
Aug 202316385080.522.67$15,397
Jul 202301,87474.852.64$4,951
Jun 20231711,94468.962.26$16,183
May 20231671,15870.622.23$14,373
Apr 20231651,20578.122.24$15,586
Mar 20231641,20572.852.39$14,831
Feb 20231661,10075.112.47$15,181
Jan 20231691,07976.533.39$16,589
Dec 20221621,12176.415.73$18,801
Nov 202216688385.005.65$19,096
Oct 20223371,18287.185.86$36,311
Sep 20221661,18284.888.16$23,740
Aug 20223351,02694.529.13$41,029
Jul 20223371,026101.587.54$41,971
Jun 2022338279115.097.98$41,126
May 2022336811109.378.43$43,588
Apr 20223331,047104.226.84$41,864
Mar 20223371,507108.885.08$44,343
Feb 202234489491.054.86$35,665
Jan 202233399581.844.54$31,768
Dec 202133598871.323.90$27,745
Nov 202133886477.435.24$30,696
Oct 202133386979.795.71$31,535
Sep 202135277969.865.35$28,759
Aug 202116087266.024.22$14,244
Jul 202133187270.783.98$26,901
Jun 202116691269.493.38$14,618
May 202132796963.483.02$23,682
Apr 20213301,08960.362.76$22,923
Mar 20211651,58661.302.72$14,424
Feb 202116377257.805.55$13,704
Jan 20211591,48950.412.81$12,200
Dec 20201611,16844.642.68$10,312
Nov 20201631,21038.772.71$9,594
Oct 202016691936.972.48$8,415
Sep 20203341,05437.091.99$14,487
Aug 202014987639.982.39$8,046
Jul 20201641,22038.371.83$8,519
Jun 20203281,16134.901.69$13,410
May 20201641,23016.921.81$5,007
Apr 20201681,13614.751.80$4,528
Mar 202036151630.341.86$11,911
Feb 202035353549.881.98$18,667
Jan 202016349857.252.09$10,375
Dec 201916250459.012.30$10,721
Nov 201932648955.302.75$19,373
Oct 201916744853.472.42$10,013
Sep 201931542555.052.66$18,470
Aug 201915938553.112.30$9,332
Jul 201915841556.272.46$9,912
Jun 201933236052.782.49$18,420
May 201932740058.482.74$20,219
Apr 201916438062.632.75$11,317
Mar 201917140256.803.06$10,944
Feb 201916439350.852.79$9,437
Jan 201917134546.033.23$8,985
Dec 201817142046.594.19$9,725
Nov 201816050152.934.24$10,592
Oct 201817234061.443.40$11,723
Sep 201816938559.543.11$11,259
Aug 201832941859.403.07$20,824
Jul 201816841865.142.93$12,169
Jun 201832941460.183.08$21,073
May 201816444765.382.90$12,019
Apr 201816639663.842.90$11,746
Mar 201833738161.222.79$21,693
Feb 201816547961.782.77$11,519
Jan 201834541462.874.01$23,350
Dec 201716545357.272.92$10,773
Nov 2017040655.423.12$1,266
Oct 201733230149.292.98$17,262
Sep 201733446547.523.09$17,307
Aug 201716718945.373.00$8,145
Jul 20173231143.873.09$14,204
Jun 20170042.493.09$0
May 2017329045.373.26$14,927
Apr 2017346047.933.21$16,584
Mar 2017163046.772.98$7,624
Feb 2017161050.452.95$8,122
Jan 2017332049.413.42$16,404
Dec 2016338048.763.72$16,481
Nov 2016337042.492.64$14,319
Oct 2016328046.193.09$15,150
Sep 20160041.553.10$0
Aug 2016329041.442.92$13,634
Jul 2016332041.622.92$13,818
Jun 2016165045.352.69$7,483
May 201632624942.521.99$14,357
Apr 201633899336.561.99$14,334
Mar 201681,19633.011.79$2,410
Feb 201615822226.472.06$4,640
Jan 201616130727.352.36$5,129
Dec 201516435032.362.00$6,008
Nov 201533249638.792.17$13,953
Oct 201517528643.552.43$8,315
Sep 201516425342.992.76$7,748
Aug 201515926140.162.87$7,135
Jul 201515825548.152.95$8,359
Jun 201533434356.152.88$19,743
May 201534937755.212.96$20,382
Apr 201516736549.822.71$9,308
Mar 201516432942.892.93$7,999
Feb 201516828344.662.98$8,345
Jan 201533234143.433.10$15,476
Dec 201417241754.693.59$10,904
Nov 201417139570.464.25$13,728
Oct 201433150978.303.90$27,903
Sep 201417033186.164.05$15,986
Aug 201433847189.394.04$32,114
Jul 201416751296.564.18$18,265
Jun 201433849498.164.74$35,518
May 201432948294.734.73$33,444
Apr 201416946195.944.81$18,431
Mar 201436246295.895.06$37,048
Feb 201434438997.406.19$35,914
Jan 201434137990.404.86$32,669
Dec 201317548191.824.35$18,163
Nov 201333944788.853.74$31,791
Oct 201316443297.423.78$17,610
Sep 2013166467104.113.72$19,018
Aug 2013171476104.253.52$19,504
Jul 2013167315102.523.72$18,292
Jun 201333452494.403.93$33,591
May 201316752494.834.15$18,011
Apr 201333652593.964.28$33,819
Mar 201333652593.623.91$33,511
Feb 201333447091.233.42$32,078
Jan 2013044391.603.42$1,515
Dec 201217340086.773.42$16,379
Nov 201216540286.953.62$15,804
Oct 201216344489.383.40$16,078
Sep 2012050994.672.92$1,485
Aug 201217232592.662.91$16,883
Jul 201216748085.133.02$15,667
Jun 201216648279.822.52$14,464
May 201218850091.612.49$18,467
Apr 2012166497101.652.00$17,866
Mar 20120485105.052.22$1,078
Feb 2012167464101.102.57$18,076
Jan 201216540998.092.73$17,303
Dec 201118142196.873.24$18,897
Nov 2011045395.723.31$1,500
Oct 201119152084.983.65$18,128
Sep 2011048583.623.99$1,933
Aug 201133856483.404.15$30,529
Jul 2011026294.144.52$1,184
Jun 201116824892.904.64$16,758
May 201117325098.134.40$18,078
Apr 2011176251105.964.33$19,737
Mar 2011025296.364.06$1,022
Feb 201116520685.644.18$14,992
Jan 2011011886.504.59$541
Dec 2010173085.734.35$14,831
Nov 201017420480.843.80$14,840
Oct 2010010378.103.51$361
Sep 201017422172.633.98$13,517
Aug 2010042973.684.42$1,896
Jul 201017040272.554.74$14,238
Jun 201017342570.364.91$14,259
May 2010037971.124.24$1,605
Apr 201016940581.694.12$15,475
Mar 201016224378.394.39$13,766
Feb 2010028973.585.44$1,573
Jan 201017630074.365.96$14,877
Dec 2009022771.445.48$1,245
Nov 200934529174.593.75$26,825
Oct 2009028272.544.11$1,159
Sep 200916628765.543.06$11,759
Aug 20091655167.423.22$11,288
Jul 200916615061.133.46$10,667
Jun 2009032366.163.90$1,258
May 200916835654.743.93$10,594
Apr 2009028346.773.59$1,015
Mar 200934933742.144.06$16,075
Feb 2009031432.814.63$1,455
Jan 200917934935.865.37$8,293
Dec 200817326437.105.98$7,996
Nov 2008031855.496.86$2,182
Oct 200817332475.246.92$15,259
Sep 2008156180101.767.88$17,292
Aug 20080314114.228.48$2,664
Jul 2008165307131.0811.39$25,125
Jun 2008176301131.3313.03$27,037
May 2008175306123.1711.57$25,096
Apr 2008173284110.3110.45$22,053
Mar 2008175294101.909.66$20,674
Feb 2008028092.538.77$2,456
Jan 200817432290.388.21$18,368
Dec 200717528488.337.30$17,532
Nov 2007031691.677.29$2,304
Oct 200717632282.856.92$16,810
Sep 200717330975.846.24$15,050
Aug 200717722969.066.39$13,686
Jul 200717528970.906.39$14,254
Jun 200717528362.007.55$12,986
May 200717732858.747.85$12,971
Apr 2007031859.617.81$2,482
Mar 200716636556.927.30$12,114
Feb 200717332555.108.22$12,203
Jan 2007043450.306.73$2,919
Dec 200617337356.656.92$12,381
Nov 200617336454.207.62$12,149
Oct 200603154.906.01$186
Sep 200617232360.085.04$11,961
Aug 200617745568.717.34$15,501
Jul 200617045169.376.34$14,653
Jun 2006041066.286.38$2,617
May 200617842366.016.42$14,468
Apr 200617932364.397.36$13,903
Mar 200617631456.707.08$12,203
Feb 200617421857.597.75$11,710
Jan 200616725360.598.93$12,379
Dec 200517222254.9413.42$12,428
Nov 200517324254.6910.59$12,024
Oct 2005029058.3413.80$4,001
Sep 2005169061.4512.08$10,385
Aug 2005167061.519.80$10,272
Jul 2005174055.697.84$9,690
Jun 200516910452.337.38$9,611
May 200516722945.226.65$9,075
Apr 200517520849.207.36$10,141
Mar 200517024850.377.15$10,337
Feb 200517124945.226.31$9,304
Jan 200517430643.166.32$9,444
Dec 200416627539.866.75$8,473
Nov 200417037045.286.33$10,040
Oct 200416938749.706.52$10,921
Sep 200434837343.245.28$17,018
Aug 2004042942.375.55$2,381
Jul 200417945338.286.08$9,608
Jun 200418319736.106.43$7,874
May 200417149837.486.49$9,643
Apr 200418345834.475.86$8,991
Mar 200418346034.365.53$8,832
Feb 200417944232.455.51$8,244
Jan 2004043232.036.30$2,721
Dec 200316534630.266.30$7,173
Nov 200318536328.804.60$6,996
Oct 200318647528.174.76$7,500
Sep 200336452826.314.75$12,085
Aug 200318250629.765.13$8,012
Jul 200317753429.415.17$7,967
Jun 200317949428.565.98$8,068
May 200336852926.595.97$12,945
Apr 200318851326.675.41$7,788
Mar 200318350731.146.10$8,789
Feb 200335846333.487.93$15,656
Jan 200318252630.315.58$8,453
Dec 200218048926.914.85$7,217
Nov 200237149724.664.14$11,205
Oct 200218754526.464.23$7,253
Sep 200218454427.443.64$7,027
Aug 200235263225.963.16$11,138
Jul 200217960324.583.06$6,246
Jun 200218180323.733.34$6,976
May 200218486624.663.58$7,641
Apr 200235840423.653.51$9,886
Mar 200218635422.003.10$5,190
Feb 200218140618.222.38$4,262
Jan 200237032817.172.38$7,132
Dec 200118529316.932.36$3,825
Nov 200118635018.072.41$4,203
Oct 200136941019.782.53$8,336
Sep 200118539024.262.25$5,366
Aug 200118450424.873.05$6,115
Jul 200118639023.933.20$5,698
Jun 200117628724.563.82$5,420
May 200136935025.524.31$10,924
Apr 200117935824.685.34$6,328
Mar 200118646024.545.38$7,038
Feb 200136943127.755.77$12,725
Jan 2001047627.478.40$3,998
Dec 200018942526.889.12$8,957
Nov 200019049432.215.66$8,915
Oct 200036758331.235.15$14,461
Sep 200018229031.875.19$7,304
Aug 200017822929.644.54$6,316
Jul 200018325628.534.09$6,268
Jun 200017223329.304.40$6,064
May 200035951627.263.68$11,685
Apr 200018538624.513.12$5,737
Mar 2000043228.422.86$1,235
Feb 200035040327.622.73$10,766
Jan 200018143225.272.48$5,645
Dec 199919548024.282.42$5,898
Nov 199936838623.192.43$9,473
Oct 199918642220.982.80$5,085
Sep 199918244921.752.62$5,134
Aug 199936244319.262.88$8,246
Jul 199918229617.892.37$3,958
Jun 199919415815.942.36$3,466
May 199918430015.792.32$3,602
Apr 199935351515.102.21$6,467
Mar 199936731212.471.84$5,150
Feb 19991842059.981.82$2,209
Jan 199918032610.381.90$2,488
Dec 19981894149.201.77$2,473
Nov 199837337810.892.19$4,888
Oct 1998045112.421.97$888
Sep 199835946012.592.08$5,478
Aug 199818851711.301.91$3,111
Jul 199819038011.742.24$3,081
Jun 199835946611.242.24$5,078
May 199817856912.622.21$3,502
Apr 199818454713.042.51$3,770
Mar 199818548312.802.31$3,483
Feb 199818154013.952.30$3,766
Jan 199819163614.702.15$4,178
Dec 199717753216.322.41$4,171
Nov 199719359718.193.09$5,354
Oct 199737960519.253.15$9,201
Sep 199719156417.742.95$5,055
Aug 199718959917.862.55$4,906
Jul 199718668317.582.25$4,805
Jun 199718765217.242.26$4,696
May 199737079218.972.31$8,847
Apr 199718565217.882.08$4,666
Mar 199719182618.951.94$5,221
Feb 199718759120.492.21$5,135
Jan 199718975623.483.54$7,114
Dec 199618072123.32$4,198
Nov 199637093521.97$8,129
Oct 19961821,02223.31$4,242
Sep 19961871,06222.22$4,155
Aug 19961931,12120.26$3,910
Jul 19961881,14419.55$3,675
Jun 19963561,07418.73$6,668
May 19961811,08419.43$3,517
Apr 199617896121.51$3,829
Mar 19961841,12519.38$3,566
Feb 199618098516.98$3,056
Jan 19961961,23017.07$3,346
Dec 19953941,08017.19$6,773
Nov 19951821,12216.00$2,912
Oct 19951911,34615.43$2,947
Sep 19951831,21716.18$2,961
Aug 19951801,26615.92$2,866
Jul 19951731,41615.24$2,637
Jun 19951791,55816.41$2,937
May 19951711,63317.56$3,003
Apr 19951661,48417.73$2,943
Mar 19951771,51516.44$2,910
Feb 19953461,33716.58$5,737
Jan 19951841,53515.92$2,929
Dec 19941551,60115.03$2,330
Nov 19943591,66215.90$5,708
Oct 19941901,79015.58$2,960
Sep 19941801,76915.29$2,752
Aug 19941841,91116.13$2,968
Jul 19941842,18417.56$3,231
Jun 19943751,87717.09$6,409
May 19941862,06215.88$2,954
Apr 19941972,02014.14$2,786
Mar 19941742,31112.46$2,168
Feb 19941832,20412.50$2,288
Jan 19941992,21012.66$2,519
Dec 19935772,50712.33$7,114
Nov 19931872,96514.49$2,710
Oct 19933503,08515.85$5,548
Sep 199303,35615.03$0
Aug 19933423,45815.66$5,356
Jul 19933452,83315.46$5,334
Jun 19931673,36716.79$2,804
May 19933503,18917.68$6,188
Apr 19933451,18318.05$6,227
Mar 19933201,01818.14$5,805
Feb 199317581817.90$3,133
Jan 199334746916.93$5,875

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                    0 bbl  × $106.41 =         $0
Casinghead gas       253 Mcf  × $  3.05 =       $771

────────────────────────────────────────────────────
Month total                                     $771

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/3223 is the state's own key, not one this site invented.