HOWE, J. F. -A-

Operated by SAXET OIL CORPORATION (P-5 749370) 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 3247District 08Field 49038001Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$3.4 M
Jan 1993 – May 2026
Value, last 12 filed months
$189 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
NGPA3none

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
OilDisposition59,867 bbl$3,049,088
Casinghead gasProduction87,994 Mcf$352,369
Total$3,401,457

13,658 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 (9)

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 31.9037, -103.1386. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

31.90371, -103.13883 · 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
55.6%
5 of 9 wells
With a plug date
55.6%
5 of 9 wells
Median depth
3,014 ft
6 wells filed one
Completion to plug
28.4 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
555.6%
A plug date is filed
555.6%
BothOn the schedule and plugged. Neither fact cancels the other.
555.6%
NeitherNo plug date, and not on the schedule.
444.4%

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, 6 of 9 wells. Median 3,014 ft, with the middle half between 2,994 and 3,104 ft; the shallowest is 2,697 ft and the deepest 3,300 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, 4 of 9 wells, Mar 1992 – Nov 2017. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Mar 1992 – Nov 2017
4 of 9 wells; 5 filed none
Plug dates filed
Jul 2005 – Nov 2020
5 of 9 wells; 4 filed none

Last completion to plug: a median of 28.4 years across the 2 wells that filed both dates, with the middle half between 28.3 years and 28.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

9 wells

42-495025472W2,697 ftJul 2005Yes
42-4950277513,132 ftNov 2020Yes
42-4950277733,018 ftNov 2020Yes
42-495027547
42-495027579
42-49530873113,300 ftNov 2017
42-4950276553,010 ftOct 1992Nov 2020Yes
42-495027514Mar 1992
42-4950255582,988 ftMar 1992Nov 2020Yes

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 20261950106.413.05$20,750
Apr 2026219098.932.87$21,666
Mar 2026224089.753.15$20,104
Feb 2026247063.503.75$15,685
Jan 2026165059.138.00$9,756
Dec 2025240056.664.41$13,598
Nov 2025244058.593.93$14,296
Oct 2025218059.383.30$12,945
Sep 2025250062.743.08$15,685
Aug 2025217063.933.01$13,873
Jul 2025157066.743.32$10,478
Jun 2025299066.483.13$19,878
May 2025138060.553.23$8,356
Apr 2025194062.363.54$12,098
Mar 2025221067.704.27$14,962
Feb 2025191070.884.34$13,538
Jan 2025251074.324.28$18,654
Dec 2024221068.993.12$15,247
Nov 2024246069.052.20$16,986
Oct 20242817271.372.28$20,219
Sep 2024139069.612.36$9,676
Aug 2024215075.632.06$16,260
Jul 2024182079.932.15$14,547
Jun 2024220078.082.63$17,178
May 2024258078.812.20$20,333
Apr 2024208084.451.66$17,566
Mar 2024259080.301.55$20,798
Feb 2024231076.091.78$17,577
Jan 20242009473.023.30$14,914
Dec 202322818371.262.61$16,725
Nov 2023254077.892.81$19,784
Oct 20232189885.443.09$18,928
Sep 202326435389.042.74$24,472
Aug 202323734780.522.67$20,011
Jul 2023270774.852.64$20,228
Jun 202322015468.962.26$15,519
May 202324734770.622.23$18,216
Apr 202327839078.122.24$22,590
Mar 202333439772.852.39$25,282
Feb 202315327275.112.47$12,162
Jan 202328127476.533.39$22,433
Dec 2022284076.415.73$21,700
Nov 20221714385.005.65$14,778
Oct 202230213287.185.86$27,102
Sep 2022253084.888.16$21,475
Aug 2022270094.529.13$25,520
Jul 20221860101.587.54$18,894
Jun 20222750115.097.98$31,650
May 20223310109.378.43$36,201
Apr 20223450104.226.84$35,956
Mar 20223770108.885.08$41,048
Feb 2022301091.054.86$27,406
Jan 2022374081.844.54$30,608
Dec 2021582071.323.90$41,508
Nov 2021820077.435.24$63,493
Oct 2021839079.795.71$66,944
Sep 2021580069.865.35$40,519
Aug 2021648066.024.22$42,781
Jul 2021715070.783.98$50,608
Jun 2021627069.493.38$43,570
May 2021839063.483.02$53,260
Apr 2021416060.362.76$25,110
Mar 2021577061.302.72$35,370
Feb 2021439057.805.55$25,374
Jan 2021518050.412.81$26,112
Dec 2020417044.642.68$18,615
Nov 2020513038.772.71$19,889
Oct 2020595036.972.48$21,997
Sep 2020499037.091.99$18,508
Aug 2020565039.982.39$22,589
Jul 2020209038.371.83$8,019
Jun 2020218034.901.69$7,608
May 20200016.921.81$0
Apr 2020260014.751.80$3,835
Mar 2020428030.341.86$12,986
Feb 2020256049.881.98$12,769
Jan 2020260057.252.09$14,885
Dec 2019349059.012.30$20,594
Nov 2019349055.302.75$19,300
Oct 2019422053.472.42$22,564
Sep 2019418055.052.66$23,011
Aug 2019335053.112.30$17,792
Jul 2019347056.272.46$19,526
Jun 2019344052.782.49$18,156
May 2019429058.482.74$25,088
Apr 2019439062.632.75$27,495
Mar 2019344056.803.06$19,539
Feb 2019348050.852.79$17,696
Jan 2019332046.033.23$15,282
Dec 2018429046.594.19$19,987
Nov 2018256052.934.24$13,550
Oct 201833911761.443.40$21,226
Sep 20184339259.543.11$26,067
Aug 201834324859.403.07$21,135
Jul 201834223365.142.93$22,961
Jun 20183348260.183.08$20,352
May 201844019465.382.90$29,330
Apr 201834347463.842.90$23,272
Mar 201843843661.222.79$28,029
Feb 20184422861.782.77$27,384
Jan 20183511562.874.01$22,128
Dec 2017439057.272.92$25,142
Nov 2017430055.423.12$23,831
Oct 2017523049.292.98$25,779
Sep 2017350047.523.09$16,632
Aug 2017347045.373.00$15,743
Jul 2017429043.873.09$18,820
Jun 2017352042.493.09$14,956
May 2017430045.373.26$19,509
Apr 2017426047.933.21$20,418
Mar 2017342046.772.98$15,995
Feb 2017430050.452.95$21,694
Jan 2017535049.413.42$26,434
Dec 2016447048.763.72$21,796
Nov 2016453042.492.64$19,248
Oct 2016440046.193.09$20,324
Sep 2016339041.553.10$14,085
Aug 2016429041.442.92$17,778
Jul 2016341041.622.92$14,192
Jun 2016172045.352.69$7,800
May 201635042.521.99$1,488
Apr 201603736.561.99$74
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 2015012532.362.00$250
Nov 20150738.792.17$15
Oct 201501043.552.43$24
Sep 201501742.992.76$47
Aug 2015010240.162.87$293
Jul 201501648.152.95$47
Jun 201503356.152.88$95
May 2015011555.212.96$340
Apr 201503549.822.71$95
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 201402654.693.59$93
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 2014120086.164.05$10,339
Aug 20140089.394.04$0
Jul 2014125096.564.18$12,070
Jun 201405798.164.74$270
May 201403694.734.73$170
Apr 20141154895.944.81$11,264
Mar 201407795.895.06$389
Feb 20141224597.406.19$12,161
Jan 201407190.404.86$345
Dec 201312713191.824.35$12,232
Nov 201312312888.853.74$11,407
Oct 201305997.423.78$223
Sep 201305104.113.72$19
Aug 20131120104.253.52$11,676
Jul 201301102.523.72$4
Jun 20130094.403.93$0
May 2013120094.834.15$11,380
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 2013114091.603.42$10,442
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 2012101089.383.40$9,027
Sep 2012116094.672.92$10,982
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 201111084.983.65$935
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 2010010471.124.24$440
Apr 20100081.694.12$0
Mar 2010012278.394.39$535
Feb 2010010773.585.44$582
Jan 201002874.365.96$167
Dec 200906471.445.48$351
Nov 20092110074.593.75$1,942
Oct 200909172.544.11$374
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 200907566.163.90$292
May 2009013554.743.93$530
Apr 200908346.773.59$298
Mar 2009011142.144.06$451
Feb 20091916732.814.63$1,397
Jan 2009019535.865.37$1,047
Dec 2008020437.105.98$1,219
Nov 2008019455.496.86$1,331
Oct 2008020175.246.92$1,391
Sep 20081695101.767.88$2,376
Aug 20080199114.228.48$1,688
Jul 20080191131.0811.39$2,175
Jun 200818191131.3313.03$4,853
May 20080208123.1711.57$2,407
Apr 20080209110.3110.45$2,185
Mar 20080190101.909.66$1,836
Feb 20081815192.538.77$2,990
Jan 2008021890.388.21$1,789
Dec 20071721288.337.30$3,050
Nov 2007024591.677.29$1,786
Oct 2007013482.856.92$928
Sep 2007018475.846.24$1,149
Aug 20071815269.066.39$2,214
Jul 2007026370.906.39$1,680
Jun 2007024862.007.55$1,872
May 2007021758.747.85$1,703
Apr 2007022159.617.81$1,725
Mar 2007029356.927.30$2,139
Feb 20071822655.108.22$2,849
Jan 2007027750.306.73$1,863
Dec 20061726156.656.92$2,769
Nov 2006021054.207.62$1,600
Oct 20061623654.906.01$2,298
Sep 2006025660.085.04$1,290
Aug 20061826468.717.34$3,175
Jul 20061827769.376.34$3,006
Jun 2006032166.286.38$2,049
May 20061837366.016.42$3,585
Apr 2006039364.397.36$2,893
Mar 20061643556.707.08$3,988
Feb 2006028957.597.75$2,240
Jan 20061642660.598.93$4,775
Dec 2005055554.9413.42$7,446
Nov 20051669354.6910.59$8,213
Oct 20051675658.3413.80$11,363
Sep 20051679561.4512.08$10,586
Aug 20051689561.519.80$9,752
Jul 20051779855.697.84$7,206
Jun 20051547452.337.38$4,284
May 2005041345.226.65$2,747
Apr 20051552149.207.36$4,573
Mar 20051740550.377.15$3,754
Feb 20051738445.226.31$3,193
Jan 2005026543.166.32$1,675
Dec 20041620839.866.75$2,042
Nov 20041824045.286.33$2,334
Oct 2004025149.706.52$1,635
Sep 20041721043.245.28$1,845
Aug 20041626042.375.55$2,121
Jul 2004027938.286.08$1,697
Jun 20041630936.106.43$2,565
May 20041429537.486.49$2,441
Apr 20041428234.475.86$2,135
Mar 20041648134.365.53$3,210
Feb 20041649532.455.51$3,246
Jan 20041518232.036.30$1,627
Dec 20031218230.266.30$1,510
Nov 20031231628.804.60$1,798
Oct 20031540328.174.76$2,341
Sep 20031636026.314.75$2,131
Aug 20032540729.765.13$2,832
Jul 20031840429.415.17$2,618
Jun 20031843928.565.98$3,141
May 2003856526.595.97$3,587
Apr 20031360226.675.41$3,602
Mar 2003048331.146.10$2,944
Feb 20034049733.487.93$5,278
Jan 200316549830.315.58$7,781
Dec 200216854326.914.85$7,156
Nov 200216863124.664.14$6,753
Oct 200230175326.464.23$11,149
Sep 2002012327.443.64$447
Aug 200216255525.963.16$5,962
Jul 20021242824.583.06$1,605
Jun 2002030523.733.34$1,018
May 200217830724.663.58$5,490
Apr 20022329523.653.51$1,580
Mar 2002017022.003.10$527
Feb 2002092518.222.38$2,198
Jan 20021641,01117.172.38$5,218
Dec 200115961316.932.36$4,141
Nov 200115773618.072.41$4,607
Oct 200115594919.782.53$5,466
Sep 20011581,21724.262.25$6,573
Aug 200116477324.873.05$6,439
Jul 2001056123.933.20$1,794
Jun 200115678524.563.82$6,833
May 2001045025.524.31$1,938
Apr 200114247924.685.34$6,060
Mar 200130550824.545.38$10,216
Feb 2001061827.755.77$3,564
Jan 2001096727.478.40$8,122
Dec 200015362826.889.12$9,842
Nov 200012992532.215.66$9,389
Oct 200014384031.235.15$8,788
Sep 2000073831.875.19$3,828
Aug 2000077129.644.54$3,501
Jul 20001571,30228.534.09$9,804
Jun 20002071,25829.304.40$11,597
May 20001561,44627.263.68$9,573
Apr 20001631,41424.513.12$8,401
Mar 20004141,35728.422.86$15,647
Feb 20001651,48427.622.73$8,603
Jan 200016151925.272.48$5,356
Dec 1999153024.282.42$3,715
Nov 199916418323.192.43$4,249
Oct 19990020.982.80$0
Sep 1999012421.752.62$325
Aug 199908219.262.88$236
Jul 199908217.892.37$195
Jun 199907815.942.36$184
May 19997920715.792.32$1,728
Apr 1999017815.102.21$393
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 1998035112.622.21$774
Apr 1998013213.042.51$331
Mar 1998010312.802.31$238
Feb 19988079113.952.30$2,935
Jan 199815079114.702.15$3,909
Dec 1997032216.322.41$776
Nov 1997030018.193.09$926
Oct 199711345019.253.15$3,593
Sep 19971551,19017.742.95$6,266
Aug 199714779017.862.55$4,644
Jul 19970017.582.25$0
Jun 199701,21517.242.26$2,743
May 1997066518.972.31$1,535
Apr 1997921,57817.882.08$4,932
Mar 19971131,79118.951.94$5,614
Feb 19971001,92920.492.21$6,304
Jan 19971681,70923.483.54$9,994
Dec 199616558623.32$3,848
Nov 1996096321.97$0
Oct 199615499923.31$3,590
Sep 1996031222.22$0
Aug 1996011620.26$0
Jul 1996013719.55$0
Jun 19968918918.73$1,667
May 199614631519.43$2,837
Apr 199611820121.51$2,538
Mar 199615814119.38$3,062
Feb 199613822116.98$2,343
Jan 199613524917.07$2,304
Dec 199515913917.19$2,733
Nov 19958214316.00$1,312
Oct 199529522815.43$4,552
Sep 19951765816.18$2,848
Aug 1995011415.92$0
Jul 19952269615.24$3,444
Jun 199515415716.41$2,527
May 199529320417.56$5,145
Apr 199515020417.73$2,660
Mar 199531124016.44$5,113
Feb 199526818816.58$4,443
Jan 1995309115.92$4,919
Dec 199433020815.03$4,960
Nov 199433137115.90$5,263
Oct 199433340615.58$5,188
Sep 199432639815.29$4,985
Aug 199416731216.13$2,694
Jul 199428525817.56$5,005
Jun 199429927617.09$5,110
May 199430728815.88$4,875
Apr 199430431714.14$4,299
Mar 199431327712.46$3,900
Feb 199433026312.50$4,125
Jan 199413630612.66$1,722
Dec 199339527912.33$4,870
Nov 199315133514.49$2,188
Oct 199329433515.85$4,660
Sep 199330736015.03$4,614
Aug 199330436015.66$4,761
Jul 199316625615.46$2,566
Jun 199328032316.79$4,701
May 199330831717.68$5,445
Apr 199331031718.05$5,596
Mar 199348232218.14$8,743
Feb 199316626317.90$2,971
Jan 199333031016.93$5,587

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                  195 bbl  × $106.41 =    $20,750
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $20,750

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/3247 is the state's own key, not one this site invented.