LOVETT, J. C. -A-

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 3224District 08Field 49038001Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$4.7 M
Jan 1993 – May 2026
Value, last 12 filed months
$84 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
NGPA7none

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
OilDisposition72,208 bbl$3,630,260
Casinghead gasProduction508,096 Mcf$1,117,572
Total$4,747,832

248,930 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 (17)

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 31.8508, -103.1171. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.85121, -103.11583 · 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
23.5%
4 of 17 wells
With a plug date
17.6%
3 of 17 wells
Median depth
3,248 ft
14 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
423.5%
A plug date is filed
317.6%
BothOn the schedule and plugged. Neither fact cancels the other.
317.6%
NeitherNo plug date, and not on the schedule.
1376.5%

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, 14 of 17 wells. Median 3,248 ft, with the middle half between 3,188 and 3,262 ft; the shallowest is 3,126 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, 9 of 17 wells, Nov 1963 – May 1993. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Nov 1963 – May 1993
9 of 17 wells; 8 filed none
Plug dates filed
Nov 1993 – Oct 2015
3 of 17 wells; 14 filed none

17 wells

42-495045934W3,137 ftNov 1993Yes
42-4950459453,138 ftJun 1995Yes
42-4958046873,177 ftOct 2015Yes
42-49510221123,275 ft
42-495804643
42-495804676W3,126 ft
42-495804699
42-4958047010
42-4951022414W3,265 ftMay 1993Yes
42-49510712173,260 ftFeb 1993
42-4950459223,246 ftMar 1968
42-495045978W3,250 ftFeb 1968
42-49580473163,262 ftDec 1965
42-4951070615W3,275 ftMay 1965
42-49580472133,250 ftNov 1964
42-4950459013,221 ftOct 1964
42-49580471113,232 ftNov 1963

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 202614841106.413.05$15,874
Apr 20260098.932.87$0
Mar 2026163089.753.15$14,629
Feb 2026013563.503.75$506
Jan 20261659059.138.00$10,476
Dec 2025015256.664.41$671
Nov 20251589558.593.93$9,630
Oct 202516713659.383.30$10,366
Sep 20250062.743.08$0
Aug 2025161063.933.01$10,293
Jul 2025012866.743.32$424
Jun 202516415866.483.13$11,397
May 202516318560.553.23$10,468
Apr 20251631362.363.54$10,211
Mar 20251633067.704.27$11,163
Feb 202502170.884.34$91
Jan 202516510774.324.28$12,721
Dec 2024015868.993.12$493
Nov 202416413969.052.20$11,630
Oct 202415716671.372.28$11,584
Sep 202416318869.612.36$11,791
Aug 202415413875.632.06$11,932
Jul 202409579.932.15$204
Jun 202416117178.082.63$13,021
May 202401278.812.20$26
Apr 202401284.451.66$20
Mar 20241626780.301.55$13,112
Feb 20241352476.091.78$10,315
Jan 202417010373.023.30$12,753
Dec 2023019571.262.61$509
Nov 20231735977.892.81$13,641
Oct 20231646285.443.09$14,204
Sep 202317416689.042.74$15,947
Aug 202316013880.522.67$13,252
Jul 202316630574.852.64$13,231
Jun 202316831568.962.26$12,297
May 202315918870.622.23$11,647
Apr 202332119578.122.24$25,513
Mar 202316219572.852.39$12,268
Feb 202316417975.112.47$12,759
Jan 202316917576.533.39$13,526
Dec 202216018276.415.73$13,268
Nov 202233514385.005.65$29,282
Oct 202235419287.185.86$31,988
Sep 202233019284.888.16$29,578
Aug 202233116794.529.13$32,810
Jul 2022354167101.587.54$37,219
Jun 202232645115.097.98$37,878
May 2022334131109.378.43$37,634
Apr 2022341170104.226.84$36,701
Mar 2022338245108.885.08$38,045
Feb 202216514591.054.86$15,728
Jan 202233316281.844.54$27,988
Dec 202132716171.323.90$23,949
Nov 202133814077.435.24$26,905
Oct 202134114179.795.71$28,014
Sep 202116512669.865.35$12,201
Aug 202133214166.024.22$22,514
Jul 202116714170.783.98$12,382
Jun 202133114769.493.38$23,498
May 202116315763.483.02$10,821
Apr 202117217760.362.76$10,870
Mar 202133725861.302.72$21,359
Feb 202116212557.805.55$10,057
Jan 202115924250.412.81$8,695
Dec 202016119044.642.68$7,695
Nov 202016919738.772.71$7,085
Oct 202016714936.972.48$6,543
Sep 202032317137.091.99$12,321
Aug 202016114239.982.39$6,775
Jul 202016319838.371.83$6,616
Jun 202016218934.901.69$5,973
May 202032620016.921.81$5,879
Apr 202016718514.751.80$2,797
Mar 202035967530.341.86$12,145
Feb 202017468849.881.98$10,042
Jan 202016355057.252.09$10,484
Dec 201933256659.012.30$20,896
Nov 2019055755.302.75$1,532
Oct 201916455253.472.42$10,104
Sep 201916353055.052.66$10,382
Aug 201931651053.112.30$17,958
Jul 201916355056.272.46$10,525
Jun 201916552052.782.49$10,004
May 201916449058.482.74$10,933
Apr 201932747062.632.75$21,773
Mar 201916351056.803.06$10,820
Feb 201933157450.852.79$18,434
Jan 201915823146.033.23$8,018
Dec 201819845146.594.19$11,112
Nov 201816552452.934.24$10,954
Oct 201816652561.443.40$11,983
Sep 201816656459.543.11$11,637
Aug 201816561259.403.07$11,678
Jul 201816761265.142.93$12,673
Jun 201816360460.183.08$11,668
May 201816665565.382.90$12,753
Apr 201816758063.842.90$12,344
Mar 201817255861.222.79$12,085
Feb 201816770161.782.77$12,256
Jan 201834360562.874.01$23,990
Dec 2017066357.272.92$1,937
Nov 201716559455.423.12$10,997
Oct 201716344149.292.98$9,350
Sep 201716168047.523.09$9,750
Aug 201715927845.373.00$8,049
Jul 20171571643.873.09$6,937
Jun 2017326042.493.09$13,852
May 2017163045.373.26$7,395
Apr 2017163047.933.21$7,813
Mar 2017329046.772.98$15,387
Feb 2017161050.452.95$8,122
Jan 2017332049.413.42$16,404
Dec 20160048.763.72$0
Nov 2016333042.492.64$14,149
Oct 2016336046.193.09$15,520
Sep 2016324041.553.10$13,462
Aug 2016159041.442.92$6,589
Jul 2016163041.622.92$6,784
Jun 2016325045.352.69$14,739
May 20161594142.521.99$6,842
Apr 201633016236.561.99$12,387
Mar 201635219533.011.79$11,969
Feb 201615232426.472.06$4,692
Jan 201631845027.352.36$9,761
Dec 201516751232.362.00$6,429
Nov 201516472538.792.17$7,933
Oct 201533841943.552.43$15,737
Sep 201516637042.992.76$8,157
Aug 201548838240.162.87$20,695
Jul 201515737348.152.95$8,658
Jun 201517150256.152.88$11,049
May 201516755355.212.96$10,854
Apr 201516153549.822.71$9,469
Mar 201532248042.892.93$15,219
Feb 201516641544.662.98$8,649
Jan 201516949943.433.10$8,887
Dec 201434661054.693.59$21,113
Nov 201416957870.464.25$14,365
Oct 201416474378.303.90$15,740
Sep 201433348386.164.05$30,645
Aug 201416369189.394.04$17,359
Jul 201416574996.564.18$19,063
Jun 201431872398.164.74$34,640
May 201433770494.734.73$35,252
Apr 201433467495.944.81$35,285
Mar 201434367795.895.06$36,314
Feb 201417757097.406.19$20,769
Jan 201417455590.404.86$18,427
Dec 201334270491.824.35$34,468
Nov 201316865588.853.74$17,375
Oct 201318363397.423.78$20,220
Sep 2013170684104.113.72$20,242
Aug 2013331698104.253.52$36,966
Jul 2013167461102.523.72$18,835
Jun 201316476694.403.93$18,495
May 201332976694.834.15$34,377
Apr 201316776093.964.28$18,946
Mar 201316776793.623.91$18,636
Feb 201333668791.233.42$33,003
Jan 201336164891.603.42$35,284
Dec 201233758686.773.42$31,246
Nov 201216458786.953.62$16,388
Oct 201216365189.383.40$16,782
Sep 201216774394.672.92$17,978
Aug 201217347692.662.91$17,414
Jul 201216770285.133.02$16,337
Jun 201216270579.822.52$14,707
May 201216073291.612.49$16,479
Apr 2012339727101.652.00$35,911
Mar 2012167709105.052.22$19,119
Feb 2012175678101.102.57$19,435
Jan 201218571898.092.73$20,110
Dec 2011061896.873.24$2,002
Nov 201118766195.723.31$20,088
Oct 201116776084.983.65$16,965
Sep 201117770883.623.99$17,623
Aug 20116682583.404.15$8,928
Jul 201116869894.144.52$18,969
Jun 2011065892.904.64$3,053
May 201117266698.134.40$19,812
Apr 20110670105.964.33$2,903
Mar 201116366696.364.06$18,409
Feb 2011051585.644.18$2,153
Jan 201117567486.504.59$18,230
Dec 2010168285.734.35$3,051
Nov 201017067880.843.80$16,316
Oct 2010055278.103.51$1,937
Sep 201017454572.633.98$14,806
Aug 2010058173.684.42$2,568
Jul 2010067572.554.74$3,197
Jun 201017169270.364.91$15,430
May 2010068071.124.24$2,880
Apr 201015662681.694.12$15,324
Mar 2010069578.394.39$3,050
Feb 201016964273.585.44$15,929
Jan 2010062074.365.96$3,698
Dec 200916573571.445.48$15,818
Nov 2009072274.593.75$2,709
Oct 200916275072.544.11$14,834
Sep 200917275865.543.06$13,596
Aug 2009013367.423.22$428
Jul 2009037061.133.46$1,282
Jun 200916866866.163.90$13,717
May 200916572854.743.93$11,890
Apr 2009073346.773.59$2,630
Mar 200917072342.144.06$10,098
Feb 2009066232.814.63$3,067
Jan 200917371835.865.37$10,060
Dec 2008051137.105.98$3,054
Nov 200817451855.496.86$13,209
Oct 200817554275.246.92$16,919
Sep 20080290101.767.88$2,284
Aug 2008180738114.228.48$26,820
Jul 2008174732131.0811.39$31,145
Jun 20080697131.3313.03$9,084
May 20080676123.1711.57$7,824
Apr 2008176790110.3110.45$27,674
Mar 20080815101.909.66$7,876
Feb 200817677192.538.77$23,047
Jan 200817867390.388.21$21,610
Dec 2007064688.337.30$4,717
Nov 200717381991.677.29$21,831
Oct 200717588582.856.92$20,625
Sep 2007086075.846.24$5,370
Aug 200717564369.066.39$16,193
Jul 2007083370.906.39$5,321
Jun 200717380562.007.55$16,803
May 2007084258.747.85$6,607
Apr 200717283659.617.81$16,778
Mar 200717085856.927.30$15,941
Feb 2007075355.108.22$6,187
Jan 200717481850.306.73$14,255
Dec 200617277056.656.92$15,071
Nov 2006075354.207.62$5,736
Oct 200617477554.906.01$14,213
Sep 200617483760.085.04$14,670
Aug 2006084268.717.34$6,180
Jul 200617186669.376.34$17,355
Jun 200617581166.286.38$16,776
May 200617977566.016.42$16,795
Apr 2006089164.397.36$6,558
Mar 200617796956.707.08$16,899
Feb 200617591157.597.75$17,140
Jan 200617083860.598.93$17,786
Dec 200516979854.9413.42$19,990
Nov 20051651,07154.6910.59$20,364
Oct 20051671,15958.3413.80$25,732
Sep 20051701,04261.4512.08$23,033
Aug 20051651,08161.519.80$20,740
Jul 200501,08155.697.84$8,479
Jun 20051701,09652.337.38$16,986
May 20051661,16345.226.65$15,242
Apr 20053501,16949.207.36$25,824
Mar 20051731,16050.377.15$17,014
Feb 20051721,04345.226.31$14,361
Jan 20051721,28243.166.32$15,529
Dec 20041671,04039.866.75$13,678
Nov 200417095445.286.33$13,737
Oct 200416998449.706.52$14,810
Sep 20041781,01743.245.28$13,070
Aug 20041761,04642.375.55$13,263
Jul 200435986538.286.08$19,005
Jun 2004049136.106.43$3,159
May 200435490637.486.49$19,152
Apr 20041751,14934.475.86$12,764
Mar 200417898734.365.53$11,574
Feb 2004087132.455.51$4,799
Jan 200418491632.036.30$11,664
Dec 20031811,00630.266.30$11,817
Nov 20031871,07828.804.60$10,339
Oct 200301,14228.174.76$5,436
Sep 20033501,19526.314.75$14,884
Aug 20031831,20329.765.13$11,617
Jul 20031801,19229.415.17$11,457
Jun 20031771,19728.565.98$12,217
May 20031871,21826.595.97$12,247
Apr 20031841,12326.675.41$10,980
Mar 20031761,18331.146.10$12,692
Feb 20033691,04333.487.93$20,621
Jan 20031661,10430.315.58$11,194
Dec 20021791,10026.914.85$10,156
Nov 20021621,06624.664.14$8,405
Oct 20021671,16726.464.23$9,354
Sep 20023551,16527.443.64$13,976
Aug 20021851,28925.963.16$8,881
Jul 20021651,19824.583.06$7,724
Jun 20021691,24523.733.34$8,166
May 20021791,28824.663.58$9,030
Apr 20021841,25223.653.51$8,749
Mar 20021701,30322.003.10$7,783
Feb 20021841,14818.222.38$6,080
Jan 20023731,26517.172.38$9,410
Dec 20011811,25316.932.36$6,027
Nov 20011871,30518.072.41$6,518
Oct 20013771,41019.782.53$11,023
Sep 200101,39124.262.25$3,132
Aug 20011631,44424.873.05$8,463
Jul 20013621,44823.933.20$13,292
Jun 20011741,49124.563.82$9,975
May 20011831,53325.524.31$11,273
Apr 20011791,50924.685.34$12,469
Mar 20011731,21124.545.38$10,756
Feb 20011841,03227.755.77$11,058
Jan 20011891,29027.478.40$16,026
Dec 200001,58526.889.12$14,459
Nov 20001871,66432.215.66$15,438
Oct 20003461,74731.235.15$19,795
Sep 20001701,70431.875.19$14,256
Aug 20001701,81029.644.54$13,258
Jul 20001781,87028.534.09$12,726
Jun 20001841,74629.304.40$13,069
May 20001802,02227.263.68$12,347
Apr 20001762,14224.513.12$10,988
Mar 20001672,11628.422.86$10,797
Feb 20001642,19127.622.73$10,503
Jan 20003682,28925.272.48$14,977
Dec 19991632,87824.282.42$10,933
Nov 19991852,66623.192.43$10,779
Oct 19991822,93920.982.80$12,058
Sep 19991851,43921.752.62$7,792
Aug 19991821,12719.262.88$6,746
Jul 19991791,12717.892.37$5,876
Jun 199918914415.942.36$3,353
May 19991701,11415.792.32$5,270
Apr 19991861,65215.102.21$6,456
Mar 19993681,09312.471.84$6,598
Feb 19991845219.981.82$2,783
Jan 199917194010.381.90$3,561
Dec 19981821,2149.201.77$3,827
Nov 19981841,35510.892.19$4,965
Oct 19981821,45312.421.97$5,122
Sep 19981851,34612.592.08$5,132
Aug 19981891,60511.301.91$5,197
Jul 19981831,43211.742.24$5,352
Jun 199801,56811.242.24$3,508
May 19983571,75412.622.21$8,375
Apr 199801,62113.042.51$4,061
Mar 199801,36612.802.31$3,155
Feb 19981851,48813.952.30$6,002
Jan 19981731,82214.702.15$6,469
Dec 19971801,56516.322.41$6,711
Nov 19971951,83518.193.09$9,214
Oct 19971871,76019.253.15$9,143
Sep 19971811,74417.742.95$8,364
Aug 199701,82117.862.55$4,652
Jul 19973722,04617.582.25$11,137
Jun 199701,84317.242.26$4,160
May 19973662,00418.972.31$11,569
Apr 199701,61217.882.08$3,357
Mar 19971722,21918.951.94$7,562
Feb 19971731,59420.492.21$7,061
Jan 19971722,01223.483.54$11,160
Dec 19961811,63323.32$4,221
Nov 19961752,27721.97$3,845
Oct 19961882,44523.31$4,382
Sep 19961892,46022.22$4,200
Aug 19961932,14920.26$3,910
Jul 19961812,19119.55$3,539
Jun 19961772,03318.73$3,315
May 19961822,60319.43$3,536
Apr 19961782,53921.51$3,829
Mar 19961982,62019.38$3,837
Feb 19961692,48816.98$2,870
Jan 19961632,78217.07$2,782
Dec 19951802,76217.19$3,094
Nov 19951812,71616.00$2,896
Oct 19951633,08215.43$2,515
Sep 19951712,88016.18$2,767
Aug 19951682,92515.92$2,675
Jul 19951903,07215.24$2,896
Jun 19951903,38716.41$3,118
May 19951723,51917.56$3,020
Apr 19953523,88917.73$6,241
Mar 199504,26016.44$0
Feb 19953453,83016.58$5,720
Jan 19951754,06715.92$2,786
Dec 19941824,41115.03$2,735
Nov 19941784,73515.90$2,830
Oct 19943655,50915.58$5,687
Sep 19941805,19815.29$2,752
Aug 19941775,99816.13$2,855
Jul 19941906,54217.56$3,336
Jun 19943496,18717.09$5,964
May 19941846,52215.88$2,922
Apr 19943617,30514.14$5,105
Mar 19941869,01912.46$2,318
Feb 19943548,85212.50$4,425
Jan 19943618,33012.66$4,570
Dec 19933679,05612.33$4,525
Nov 19931778,18414.49$2,565
Oct 19933419,69115.85$5,405
Sep 1993454,25715.03$676
Aug 19931704,92915.66$2,662
Jul 19931695,31415.46$2,613
Jun 19931705,40916.79$2,854
May 199316913,66617.68$2,988
Apr 19931657,74918.05$2,978
Mar 19933687,75018.14$6,676
Feb 199315615,99217.90$2,792
Jan 19933159,71616.93$5,333

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                  148 bbl  × $106.41 =    $15,749
Casinghead gas        41 Mcf  × $  3.05 =       $125

────────────────────────────────────────────────────
Month total                                  $15,874

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/3224 is the state's own key, not one this site invented.