JOHNSON RANCH

Name: JOHNSON RANCH lease production and value, Nov 2007 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by COG OPERATING LLC (P-5 166150) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 38431District 08Field 85280300OilCasinghead gasSave

Value, all time

$649.8 M

Nov 2007 – May 2026

Value, last 12 filed months

$44.0 M

at the published price for each month

Months reported

223

no gaps in the span

Streams

oil, casinghead gas

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.

Stream	Basis	Volume	Value
Oil	Disposition	9,444,309 bbl	$595,823,000
Casinghead gas	Production	15,855,117 Mcf	$53,952,229
Total			$649,775,229

Wells on this lease (70)

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 32.1495, -102.1493. A lease has no coordinate of its own — that point is the mean of its wells, and they span 3.0 miles.

32.15513, -102.15276 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

10.0%

7 of 70 wells

With a plug date

10.0%

7 of 70 wells

Median depth

10,515 ft

70 wells filed one

Completion to plug

11.3 years

median over 7 wells

What the state filed about each well

On the RRC proration schedule

710.0%

A plug date is filed

710.0%

BothOn the schedule and plugged. Neither fact cancels the other.

710.0%

NeitherNo plug date, and not on the schedule.

6390.0%

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

10k

12k

15k

20k+

Total depth in feet, 70 of 70 wells. Median 10,515 ft, with the middle half between 9,173 and 11,455 ft; the shallowest is 1,623 ft and the deepest 13,929 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

00s

10s

20s

Last completion by decade, 70 of 70 wells, Oct 2007 – Feb 2023. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Oct 2007 – Feb 2023

70 of 70 wells

Plug dates filed

Nov 2020 – Sep 2024

7 of 70 wells; 63 filed none

Last completion to plug: a median of 11.3 years across the 7 wells that filed both dates, with the middle half between 8.8 years and 12.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

70 wells


42-31741389	16SW	13,929 ft	Feb 2023	—	—
42-31743243	404AH	9,655 ft	Nov 2022	—	—
42-31743245	405LH	9,113 ft	Oct 2022	—	—
42-31743244	404JH	8,887 ft	Sep 2022	—	—
42-31743241	403LH	9,172 ft	Aug 2022	—	—
42-31743240	402JH	8,634 ft	Jul 2022	—	—
42-31736649	1604	11,525 ft	Jan 2020	—	—
42-31737247	1000SW	5,142 ft	Nov 2019	—	—
42-31736924	1003	11,478 ft	May 2019	Apr 2021	Yes
42-31740587	1018H	9,072 ft	Sep 2017	—	—
42-31740588	1018LS	9,191 ft	Sep 2017	—	—
42-31740590	1027H	9,061 ft	Sep 2017	—	—
42-31740589	1024LS	9,241 ft	Sep 2017	—	—
42-31739851	1020H	9,027 ft	Dec 2016	—	—
42-31739850	1020LS	9,177 ft	Dec 2016	—	—
42-31740489	1019H	9,044 ft	Nov 2016	—	—
42-31740490	1019LS	9,195 ft	Nov 2016	—	—
42-31736422	903	11,515 ft	Jul 2016	—	—
42-31739853	1022MS	8,985 ft	Jun 2016	—	—
42-31739852	1022LS	9,059 ft	Jun 2016	—	—
42-31739234	1017LS	9,107 ft	May 2016	—	—
42-31739235	1026H	9,001 ft	May 2016	—	—
42-31739237	1024H	9,523 ft	May 2015	—	—
42-31739238	1025H	9,525 ft	May 2015	—	—
42-31739577	1021WA	9,543 ft	May 2015	—	—
42-31739578	1021WB	9,734 ft	Apr 2015	—	—
42-31739720	1022WB	9,739 ft	Apr 2015	—	—
42-31739495	1019WB	9,743 ft	Apr 2015	—	—
42-31739721	1023WB	9,716 ft	Apr 2015	—	—
42-31739494	1019WA	9,557 ft	Apr 2015	—	—
42-31739993	913WA	1,623 ft	Dec 2014	—	—
42-31739722	912LS	8,454 ft	Nov 2014	—	—
42-31739413	1018WB	9,808 ft	Oct 2014	—	—
42-31739410	1018WA	9,578 ft	Oct 2014	—	—
42-31739221	408	11,205 ft	Sep 2014	—	—
42-31739225	910	11,169 ft	Aug 2014	—	—
42-31736648	405	11,582 ft	Jul 2014	—	—
42-31738917	912MS	8,504 ft	Mar 2014	—	—
42-31738564	912WB	9,809 ft	Feb 2014	—	—
42-31738299	406	11,518 ft	Dec 2013	—	—
42-31737103	911	11,490 ft	Sep 2013	—	—
42-31738272	1609	11,200 ft	Sep 2013	—	—
42-31738313	1010	11,229 ft	Sep 2013	—	—
42-31738730	409WS	1,680 ft	Jul 2013	—	—
42-31736927	409	11,141 ft	Apr 2013	—	—
42-31736926	407	11,276 ft	Mar 2013	—	—
42-31738271	1006	11,392 ft	Mar 2013	—	—
42-31738314	1608	10,981 ft	Mar 2013	Nov 2020	Yes
42-31736775	904	11,479 ft	Feb 2013	—	—
42-31737705	1607	11,500 ft	Jan 2013	—	—
42-31738038	905	11,500 ft	Jan 2013	—	—
42-31736977	1004	11,460 ft	Nov 2012	—	—
42-31737704	1503	11,499 ft	Aug 2012	—	—
42-31736645	1605	11,506 ft	Jul 2012	—	—
42-31737104	1504	11,475 ft	Mar 2012	Jan 2022	Yes
42-31736976	1502	11,440 ft	Oct 2011	—	—
42-31736928	1005	11,490 ft	Oct 2011	—	—
42-31736971	907	11,476 ft	Sep 2011	—	—
42-31736638	403	11,495 ft	Aug 2011	—	—
42-31737061	900WX	1,714 ft	Aug 2011	—	—
42-31736520	1606	11,620 ft	Apr 2011	Nov 2022	Yes
42-31736010	902	11,360 ft	Aug 2010	Nov 2021	Yes
42-31735737	1002	10,824 ft	Mar 2010	—	—
42-31735655	402	10,835 ft	Nov 2009	—	—
42-31735580	1602	10,758 ft	Jul 2009	—	—
42-31734896	1501	10,729 ft	Feb 2009	—	—
42-31735250	1601	10,760 ft	Aug 2008	Sep 2024	Yes
42-31735167	901	10,800 ft	Mar 2008	—	—
42-31735098	401	10,800 ft	Mar 2008	—	—
42-31734937	1	10,300 ft	Oct 2007	Mar 2021	Yes

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 (223)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

223 months


May 2026	43,214	108,604	106.41	3.05	$4,929,192
Apr 2026	42,036	105,094	98.93	2.87	$4,460,212
Mar 2026	46,894	109,762	89.75	3.15	$4,554,425
Feb 2026	41,188	95,708	63.50	3.75	$2,974,374
Jan 2026	39,336	85,451	59.13	8.00	$3,009,368
Dec 2025	44,036	102,165	56.66	4.41	$2,945,971
Nov 2025	46,594	107,705	58.59	3.93	$3,152,840
Oct 2025	49,215	111,899	59.38	3.30	$3,292,195
Sep 2025	48,111	109,971	62.74	3.08	$3,356,856
Aug 2025	51,236	112,816	63.93	3.01	$3,615,631
Jul 2025	52,049	111,447	66.74	3.32	$3,843,219
Jun 2025	53,562	109,996	66.48	3.13	$3,904,948
May 2025	55,241	108,681	60.55	3.23	$3,696,134
Apr 2025	57,357	99,840	62.36	3.54	$3,930,528
Mar 2025	55,419	90,309	67.70	4.27	$4,137,334
Feb 2025	44,639	75,749	70.88	4.34	$3,492,827
Jan 2025	54,552	88,590	74.32	4.28	$4,433,353
Dec 2024	60,059	99,556	68.99	3.12	$4,454,222
Nov 2024	58,765	92,490	69.05	2.20	$4,261,057
Oct 2024	59,248	94,667	71.37	2.28	$4,444,503
Sep 2024	35,426	64,890	69.61	2.36	$2,619,427
Aug 2024	42,999	67,841	75.63	2.06	$3,392,013
Jul 2024	47,088	81,939	79.93	2.15	$3,939,633
Jun 2024	44,905	89,219	78.08	2.63	$3,741,183
May 2024	67,863	133,367	78.81	2.20	$5,641,482
Apr 2024	69,933	138,956	84.45	1.66	$6,136,398
Mar 2024	82,574	152,021	80.30	1.55	$6,865,584
Feb 2024	78,084	126,382	76.09	1.78	$6,166,832
Jan 2024	79,799	123,463	73.02	3.30	$6,234,062
Dec 2023	93,183	135,853	71.26	2.61	$6,994,895
Nov 2023	93,174	132,619	77.89	2.81	$7,629,659
Oct 2023	102,245	142,308	85.44	3.09	$9,175,157
Sep 2023	100,706	139,950	89.04	2.74	$9,349,631
Aug 2023	108,213	134,736	80.52	2.67	$9,073,444
Jul 2023	127,275	151,742	74.85	2.64	$9,927,406
Jun 2023	126,074	139,576	68.96	2.26	$9,009,293
May 2023	135,370	148,869	70.62	2.23	$9,891,420
Apr 2023	146,662	166,629	78.12	2.24	$11,830,111
Mar 2023	105,920	129,185	72.85	2.39	$8,025,432
Feb 2023	9,726	37,861	75.11	2.47	$823,873
Jan 2023	15,058	56,579	76.53	3.39	$1,344,063
Dec 2022	18,654	72,298	76.41	5.73	$1,839,553
Nov 2022	24,091	93,960	85.00	5.65	$2,578,252
Oct 2022	28,473	114,144	87.18	5.86	$3,151,589
Sep 2022	26,658	106,864	84.88	8.16	$3,135,135
Aug 2022	27,672	112,835	94.52	9.13	$3,645,421
Jul 2022	29,680	124,222	101.58	7.54	$3,951,787
Jun 2022	27,178	107,023	115.09	7.98	$3,981,660
May 2022	27,955	113,004	109.37	8.43	$4,010,406
Apr 2022	27,479	106,621	104.22	6.84	$3,592,893
Mar 2022	29,973	94,799	108.88	5.08	$3,744,698
Feb 2022	25,765	81,451	91.05	4.86	$2,741,661
Jan 2022	29,430	90,839	81.84	4.54	$2,820,750
Dec 2021	30,834	92,017	71.32	3.90	$2,557,866
Nov 2021	26,245	81,550	77.43	5.24	$2,459,215
Oct 2021	30,654	97,421	79.79	5.71	$3,002,534
Sep 2021	29,523	95,969	69.86	5.35	$2,575,999
Aug 2021	31,609	97,034	66.02	4.22	$2,496,367
Jul 2021	32,113	97,361	70.78	3.98	$2,660,657
Jun 2021	32,041	102,948	69.49	3.38	$2,574,557
May 2021	34,184	98,181	63.48	3.02	$2,466,278
Apr 2021	32,602	84,358	60.36	2.76	$2,200,552
Mar 2021	35,743	86,256	61.30	2.72	$2,425,398
Feb 2021	16,884	48,845	57.80	5.55	$1,246,885
Jan 2021	36,858	88,364	50.41	2.81	$2,106,338
Dec 2020	35,831	89,502	44.64	2.68	$1,838,955
Nov 2020	35,875	94,278	38.77	2.71	$1,646,044
Oct 2020	35,906	96,466	36.97	2.48	$1,566,529
Sep 2020	35,413	90,316	37.09	1.99	$1,493,291
Aug 2020	37,324	76,680	39.98	2.39	$1,675,103
Jul 2020	31,824	68,076	38.37	1.83	$1,345,334
Jun 2020	30,668	74,521	34.90	1.69	$1,196,277
May 2020	33,150	70,120	16.92	1.81	$688,148
Apr 2020	31,631	62,579	14.75	1.80	$579,474
Mar 2020	34,757	62,596	30.34	1.86	$1,170,720
Feb 2020	33,460	63,934	49.88	1.98	$1,795,617
Jan 2020	38,373	63,289	57.25	2.09	$2,329,428
Dec 2019	38,746	63,803	59.01	2.30	$2,433,427
Nov 2019	34,598	56,763	55.30	2.75	$2,069,407
Oct 2019	37,122	60,522	53.47	2.42	$2,131,288
Sep 2019	34,976	62,219	55.05	2.66	$2,090,762
Aug 2019	35,647	64,303	53.11	2.30	$2,041,389
Jul 2019	35,678	61,971	56.27	2.46	$2,160,053
Jun 2019	37,420	76,673	52.78	2.49	$2,166,035
May 2019	44,343	93,253	58.48	2.74	$2,848,722
Apr 2019	39,976	74,652	62.63	2.75	$2,709,042
Mar 2019	43,457	66,777	56.80	3.06	$2,672,835
Feb 2019	49,167	90,402	50.85	2.79	$2,752,564
Jan 2019	48,631	95,167	46.03	3.23	$2,545,701
Dec 2018	51,477	74,038	46.59	4.19	$2,708,195
Nov 2018	56,921	106,771	52.93	4.24	$3,465,243
Oct 2018	60,751	120,249	61.44	3.40	$4,141,157
Sep 2018	62,429	125,491	59.54	3.11	$4,107,049
Aug 2018	70,904	136,814	59.40	3.07	$4,631,246
Jul 2018	71,980	144,255	65.14	2.93	$5,111,716
Jun 2018	79,337	159,391	60.18	3.08	$5,264,934
May 2018	78,358	162,178	65.38	2.90	$5,593,492
Apr 2018	85,575	155,584	63.84	2.90	$5,914,426
Mar 2018	98,599	162,865	61.22	2.79	$6,490,109
Feb 2018	92,091	142,480	61.78	2.77	$6,083,499
Jan 2018	102,097	149,200	62.87	4.01	$7,017,029
Dec 2017	114,760	157,041	57.27	2.92	$7,031,104
Nov 2017	4,076	176,450	55.42	3.12	$776,127
Oct 2017	155,690	208,819	49.29	2.98	$8,297,009
Sep 2017	102,529	108,929	47.52	3.09	$5,208,472
Aug 2017	55,264	92,464	45.37	3.00	$2,785,127
Jul 2017	89,251	142,249	43.87	3.09	$4,354,604
Jun 2017	84,997	133,279	42.49	3.09	$4,022,992
May 2017	95,836	143,436	45.37	3.26	$4,816,168
Apr 2017	105,690	141,775	47.93	3.21	$5,521,046
Mar 2017	112,410	157,083	46.77	2.98	$5,726,101
Feb 2017	80,743	148,003	50.45	2.95	$4,510,478
Jan 2017	104,386	155,246	49.41	3.42	$5,688,467
Dec 2016	96,727	106,266	48.76	3.72	$5,112,019
Nov 2016	43,272	48,213	42.49	2.64	$1,966,119
Oct 2016	94,439	101,545	46.19	3.09	$4,675,938
Sep 2016	97,952	95,336	41.55	3.10	$4,365,507
Aug 2016	120,981	108,673	41.44	2.92	$5,331,249
Jul 2016	126,137	97,901	41.62	2.92	$5,536,118
Jun 2016	97,157	74,147	45.35	2.69	$4,605,216
May 2016	28,305	22,782	42.52	1.99	$1,248,888
Apr 2016	51,624	51,933	36.56	1.99	$1,990,774
Mar 2016	52,724	46,945	33.01	1.79	$1,824,639
Feb 2016	51,864	44,722	26.47	2.06	$1,465,130
Jan 2016	61,041	54,920	27.35	2.36	$1,799,322
Dec 2015	67,562	71,481	32.36	2.00	$2,329,369
Nov 2015	76,406	103,781	38.79	2.17	$3,188,716
Oct 2015	80,607	108,400	43.55	2.43	$3,773,476
Sep 2015	95,256	142,804	42.99	2.76	$4,488,969
Aug 2015	109,999	136,116	40.16	2.87	$4,808,552
Jul 2015	138,982	139,293	48.15	2.95	$7,102,212
Jun 2015	177,874	148,031	56.15	2.88	$10,414,378
May 2015	130,541	85,482	55.21	2.96	$7,459,806
Apr 2015	35,582	36,397	49.82	2.71	$1,871,206
Mar 2015	26,940	31,567	42.89	2.93	$1,248,097
Feb 2015	36,086	40,743	44.66	2.98	$1,732,860
Jan 2015	47,034	36,397	43.43	3.10	$2,155,540
Dec 2014	54,096	49,461	54.69	3.59	$3,136,143
Nov 2014	57,922	48,590	70.46	4.25	$4,287,781
Oct 2014	34,065	37,377	78.30	3.90	$2,813,096
Sep 2014	30,114	47,827	86.16	4.05	$2,788,104
Aug 2014	26,928	46,622	89.39	4.04	$2,595,219
Jul 2014	30,356	53,230	96.56	4.18	$3,153,655
Jun 2014	35,257	59,219	98.16	4.74	$3,741,340
May 2014	36,607	62,775	94.73	4.73	$3,764,491
Apr 2014	46,941	64,419	95.94	4.81	$4,813,318
Mar 2014	41,169	53,405	95.89	5.06	$4,217,754
Feb 2014	16,390	31,485	97.40	6.19	$1,791,341
Jan 2014	19,539	37,270	90.40	4.86	$1,947,485
Dec 2013	18,923	36,478	91.82	4.35	$1,896,353
Nov 2013	19,042	39,387	88.85	3.74	$1,839,121
Oct 2013	22,464	48,508	97.42	3.78	$2,371,772
Sep 2013	22,926	49,042	104.11	3.72	$2,569,151
Aug 2013	17,482	44,025	104.25	3.52	$1,977,581
Jul 2013	20,254	46,592	102.52	3.72	$2,249,657
Jun 2013	22,043	54,374	94.40	3.93	$2,294,734
May 2013	24,693	49,928	94.83	4.15	$2,548,792
Apr 2013	26,050	49,424	93.96	4.28	$2,659,321
Mar 2013	21,211	38,087	93.62	3.91	$2,134,803
Feb 2013	14,905	27,097	91.23	3.42	$1,452,452
Jan 2013	15,195	28,264	91.60	3.42	$1,488,522
Dec 2012	16,583	32,587	86.77	3.42	$1,550,360
Nov 2012	14,156	33,885	86.95	3.62	$1,353,696
Oct 2012	17,323	34,258	89.38	3.40	$1,664,796
Sep 2012	19,980	47,904	94.67	2.92	$2,031,310
Aug 2012	17,861	39,568	92.66	2.91	$1,770,070
Jul 2012	15,275	36,585	85.13	3.02	$1,410,877
Jun 2012	16,718	36,108	79.82	2.52	$1,425,388
May 2012	17,026	37,088	91.61	2.49	$1,652,039
Apr 2012	15,035	33,208	101.65	2.00	$1,594,617
Mar 2012	18,449	32,853	105.05	2.22	$2,011,069
Feb 2012	14,517	25,195	101.10	2.57	$1,532,426
Jan 2012	15,656	26,262	98.09	2.73	$1,607,499
Dec 2011	16,118	26,262	96.87	3.24	$1,646,433
Nov 2011	18,736	22,058	95.72	3.31	$1,866,450
Oct 2011	15,891	19,209	84.98	3.65	$1,420,502
Sep 2011	12,021	16,514	83.62	3.99	$1,071,018
Aug 2011	9,696	12,806	83.40	4.15	$861,783
Jul 2011	7,115	9,844	94.14	4.52	$714,274
Jun 2011	6,461	7,583	92.90	4.64	$635,411
May 2011	6,100	7,124	98.13	4.40	$629,973
Apr 2011	6,774	5,805	105.96	4.33	$742,928
Mar 2011	6,243	7,387	96.36	4.06	$631,547
Feb 2011	4,613	5,169	85.64	4.18	$416,664
Jan 2011	6,048	7,405	86.50	4.59	$557,132
Dec 2010	5,278	7,591	85.73	4.35	$485,487
Nov 2010	4,984	4,969	80.84	3.80	$421,766
Oct 2010	6,142	8,764	78.10	3.51	$510,442
Sep 2010	5,397	9,226	72.63	3.98	$428,699
Aug 2010	6,835	10,231	73.68	4.42	$548,817
Jul 2010	6,274	9,419	72.55	4.74	$499,792
Jun 2010	6,481	8,579	70.36	4.91	$498,129
May 2010	8,142	9,953	71.12	4.24	$621,212
Apr 2010	7,756	8,670	81.69	4.12	$669,331
Mar 2010	7,474	8,878	78.39	4.39	$624,849
Feb 2010	5,676	7,016	73.58	5.44	$455,824
Jan 2010	6,936	8,475	74.36	5.96	$566,307
Dec 2009	7,304	12,880	71.44	5.48	$592,428
Nov 2009	6,337	9,660	74.59	3.75	$508,916
Oct 2009	6,504	11,070	72.54	4.11	$517,301
Sep 2009	7,016	10,793	65.54	3.06	$492,906
Aug 2009	6,454	12,259	67.42	3.22	$474,584
Jul 2009	4,858	10,115	61.13	3.46	$332,013
Jun 2009	4,680	6,954	66.16	3.90	$336,715
May 2009	5,595	7,567	54.74	3.93	$335,976
Apr 2009	4,180	6,419	46.77	3.59	$218,527
Mar 2009	5,985	8,612	42.14	4.06	$287,164
Feb 2009	4,225	5,641	32.81	4.63	$164,757
Jan 2009	4,415	4,578	35.86	5.37	$182,910
Dec 2008	4,042	4,738	37.10	5.98	$178,278
Nov 2008	4,583	4,252	55.49	6.86	$283,481
Oct 2008	5,332	533	75.24	6.92	$404,869
Sep 2008	3,458	1,899	101.76	7.88	$366,845
Aug 2008	3,985	5,370	114.22	8.48	$500,721
Jul 2008	4,346	5,327	131.08	11.39	$630,345
Jun 2008	4,660	6,953	131.33	13.03	$702,614
May 2008	6,678	7,633	123.17	11.57	$910,876
Apr 2008	4,666	6,595	110.31	10.45	$583,656
Mar 2008	2,155	5,343	101.90	9.66	$271,230
Feb 2008	1,081	4,800	92.53	8.77	$142,124
Jan 2008	1,450	4,425	90.38	8.21	$167,361
Dec 2007	1,076	2,298	88.33	7.30	$111,823
Nov 2007	360	1,403	91.67	7.29	$43,231

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               43,214 bbl  × $106.41 = $4,598,402
Casinghead gas   108,604 Mcf  × $  3.05 =   $330,790

────────────────────────────────────────────────────
Month total                               $4,929,192

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/38431 is the state's own key, not one this site invented.