PEAK VICTOR 12

Operated by R3 OPERATING CORPORATION (P-5 103624) in the PV TWO (DEVONIAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 40199District 08Field 73540500OilCasinghead gasSaveExport
Value, all time
$10.8 M
May 2010 – May 2026
Value, last 12 filed months
$70 k
at the published price for each month
Months reported
193
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 2 leases and 3 wells, and the rule below applies to all of them.

Discovered
1989-09-18
as the register files it
Field class
Oil
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: INCREASED NET GAS-OIL RATIO OF 1000 MCF PER DAY.

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
OilDisposition85,140 bbl$6,767,757
Casinghead gasProduction1,140,111 Mcf$3,997,855
Total$10,765,612

Wells on this lease (2)

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 31.2527, -102.3827. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

31.25275, -102.38270 · 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
0.0%
0 of 2 wells
With a plug date
0.0%
0 of 2 wells
Median depth
5,507 ft
2 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
2100.0%

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

Between 5,494 and 5,519 ft, median 5,507 ft, over the 2 wells that filed a depth.

Completions filed
Apr 2011
1 of 2 wells; 1 filed none

2 wells

42-1033570815,519 ft
42-1033580325,494 ftApr 2011

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 (193)

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

193 months

May 20260638106.413.05$1,943
Apr 202613053198.932.87$14,385
Mar 2026045189.753.15$1,420
Feb 202611938063.503.75$8,982
Jan 2026050859.138.00$4,063
Dec 202512256456.664.41$9,402
Nov 202512362358.593.93$9,653
Oct 2025057259.383.30$1,890
Sep 2025125062.743.08$7,843
Aug 20250063.933.01$0
Jul 2025162066.743.32$10,812
Jun 20250066.483.13$0
May 2025167060.553.23$10,112
Apr 2025063662.363.54$2,253
Mar 202517075167.704.27$14,715
Feb 2025067970.884.34$2,947
Jan 202517975774.324.28$16,542
Dec 202417682868.993.12$14,727
Nov 2024096369.052.20$2,117
Oct 202417485071.372.28$14,358
Sep 2024073769.612.36$1,743
Aug 202416375375.632.06$13,882
Jul 202417289479.932.15$15,667
Jun 2024080278.082.63$2,112
May 202416389878.812.20$14,820
Apr 2024089384.451.66$1,482
Mar 202417288180.301.55$15,173
Feb 202417078976.091.78$14,343
Jan 2024086573.023.30$2,852
Dec 202319190771.262.61$15,979
Nov 202318880777.892.81$16,909
Oct 2023070885.443.09$2,186
Sep 2023064589.042.74$1,764
Aug 202318976380.522.67$17,258
Jul 202316975474.852.64$14,642
Jun 2023067768.962.26$1,529
May 202317876270.622.23$14,268
Apr 2023075478.122.24$1,687
Mar 202318274972.852.39$15,051
Feb 202317975675.112.47$15,309
Jan 2023079576.533.39$2,693
Dec 202217894676.415.73$19,021
Nov 202218194385.005.65$20,709
Oct 202201,05287.185.86$6,169
Sep 202217994784.888.16$22,925
Aug 202201,04994.529.13$9,574
Jul 20221761,004101.587.54$25,450
Jun 20220978115.097.98$7,802
May 20221721,035109.378.43$27,540
Apr 20221781,115104.226.84$26,175
Mar 20221621,034108.885.08$22,888
Feb 202201,00791.054.86$4,893
Jan 2022089781.844.54$4,070
Dec 20211791,06171.323.90$16,903
Nov 202118186877.435.24$18,560
Oct 2021079679.795.71$4,548
Sep 202117673869.865.35$16,244
Aug 2021084966.024.22$3,583
Jul 202118181270.783.98$16,045
Jun 202117542269.493.38$13,587
May 2021058963.483.02$1,777
Apr 202116974960.362.76$12,267
Mar 202110990061.302.72$9,127
Feb 2021095357.805.55$5,287
Jan 2021771,30250.412.81$7,541
Dec 20201031,11444.642.68$7,578
Nov 20201651,52638.772.71$10,527
Oct 20201671,43336.972.48$9,726
Sep 20201651,25237.091.99$8,613
Aug 202001,78439.982.39$4,255
Jul 20201752,25138.371.83$10,823
Jun 2020065334.901.69$1,104
May 20201722,29916.921.81$7,082
Apr 202002,59014.751.80$4,673
Mar 20201742,26230.341.86$9,478
Feb 20201751,46349.881.98$11,627
Jan 20201721,96857.252.09$13,969
Dec 20191672,31859.012.30$15,196
Nov 201903,06855.302.75$8,439
Oct 20191723,83953.472.42$18,482
Sep 20191683,82955.052.66$19,423
Aug 20191673,78653.112.30$17,594
Jul 20191664,14456.272.46$19,535
Jun 20191702,72352.782.49$15,756
May 20191644,56258.482.74$22,092
Apr 20191812,85562.632.75$19,189
Mar 20191844,22156.803.06$23,376
Feb 20193663,62150.852.79$28,722
Jan 20191854,74146.033.23$23,820
Dec 20181844,98046.594.19$29,416
Nov 20183514,96752.934.24$39,625
Oct 20181804,27861.443.40$25,596
Sep 20181784,40459.543.11$24,286
Aug 20181763,31059.403.07$20,605
Jul 20183374,71265.142.93$35,767
Jun 20181694,67660.183.08$24,558
May 20181584,97065.382.90$24,747
Apr 20181445,09063.842.90$23,958
Mar 20183563,96561.222.79$32,844
Feb 20181634,52561.782.77$22,587
Jan 20183464,79162.874.01$40,962
Dec 20171354,88757.272.92$22,009
Nov 20172614,20255.423.12$27,568
Oct 201704,43549.292.98$13,233
Sep 20171364,31047.523.09$19,769
Aug 20172744,07845.373.00$24,683
Jul 20171264,43943.873.09$19,232
Jun 20172704,92442.493.09$26,674
May 20172635,49945.373.26$29,878
Apr 20171305,65347.933.21$24,386
Mar 20173876,05346.772.98$36,160
Feb 20173035,73850.452.95$32,228
Jan 20171705,11349.413.42$25,880
Dec 20165357,46848.763.72$53,889
Nov 20161717,46842.492.64$27,014
Oct 20163485,64946.193.09$33,531
Sep 20163406,93341.553.10$35,624
Aug 20163456,78541.442.92$34,138
Jul 20163426,54041.622.92$33,359
Jun 20163417,02145.352.69$34,322
May 20163497,11842.521.99$29,012
Apr 20163517,40536.561.99$27,576
Mar 20163517,68233.011.79$25,368
Feb 20165237,76726.472.06$29,872
Jan 201652910,02127.352.36$38,161
Dec 20153483,74932.362.00$18,765
Nov 20153448,30838.792.17$31,350
Oct 20153586,12843.552.43$30,461
Sep 20155158,04342.992.76$44,326
Aug 20153418,73140.162.87$38,774
Jul 20155157,68148.152.95$47,418
Jun 20155128,35456.152.88$52,832
May 20155118,91655.212.96$54,563
Apr 20154829,76249.822.71$50,435
Mar 20157809,75742.892.93$62,088
Feb 20153138,73944.662.98$39,988
Jan 20156299,67843.433.10$57,325
Dec 20141562,41554.693.59$17,205
Nov 20146139,74970.464.25$84,643
Oct 20146129,15478.303.90$83,629
Sep 20146489,83086.164.05$95,598
Aug 201464310,87989.394.04$101,376
Jul 201465011,17096.564.18$109,450
Jun 201480912,03498.164.74$136,415
May 20144759,50194.734.73$89,904
Apr 20144835,52195.944.81$72,890
Mar 201496511,02795.895.06$148,295
Feb 20146349,97197.406.19$123,492
Jan 20141,10211,35690.404.86$154,819
Dec 201376811,44291.824.35$120,342
Nov 201392313,28888.853.74$131,683
Oct 201392514,11397.423.78$143,452
Sep 20138040104.113.72$83,704
Aug 20131,32415,193104.253.52$191,546
Jul 201365412,786102.523.72$114,583
Jun 201379211,39694.403.93$119,590
May 20137709,19694.834.15$111,174
Apr 201379311,72993.964.28$124,741
Mar 20131,27214,67393.623.91$176,498
Feb 20137438,38291.233.42$96,450
Jan 20134854,78491.603.42$60,787
Dec 20121,23212,02786.773.42$148,035
Nov 20121,07813,00686.953.62$140,878
Oct 20121,22212,69489.383.40$152,378
Sep 20121,09115,08494.672.92$147,306
Aug 20121,19117,12492.662.91$160,157
Jul 201298213,54385.133.02$124,508
Jun 20121,36413,92279.822.52$143,945
May 20121,20012,06191.612.49$139,944
Apr 20121,35311,629101.652.00$160,753
Mar 20121,10912,745105.052.22$144,821
Feb 20121,38514,904101.102.57$178,330
Jan 20122,05718,73798.092.73$253,000
Dec 20111,70319,45396.873.24$227,992
Nov 20111,85424,81795.723.31$259,641
Oct 20111,52313,96084.983.65$180,358
Sep 20112,16723,58483.623.99$275,206
Aug 20113,16534,65983.404.15$407,772
Jul 20112,28827,70594.144.52$340,542
Jun 20111,23624,74892.904.64$229,652
May 20111,20313,03998.134.40$175,485
Apr 201196812,360105.964.33$156,129
Mar 201147613,11996.364.06$99,096
Feb 201178511,87085.644.18$116,844
Jan 201176315,23886.504.59$135,923
Dec 20101,22516,00985.734.35$174,622
Nov 20101,09219,91680.843.80$163,865
Oct 20101,43822,51978.103.51$191,324
Sep 20101,77816,00372.633.98$192,820
Aug 20101,7085,83473.684.42$151,628
Jul 20105122,04972.554.74$46,851
Jun 20106202,95770.364.91$58,143
May 201016583771.124.24$15,280

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       638 Mcf  × $  3.05 =     $1,943

────────────────────────────────────────────────────
Month total                                   $1,943

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/40199 is the state's own key, not one this site invented.