GRAVES STATE

Operated by PERMIAN RESOURCES OPERATING, LLC (P-5 100852) in the WOLFBONE (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 40374District 08Field 98359800OilCasinghead gasSave
Value, all time
$290.8 M
Dec 2010 – May 2026
Value, last 12 filed months
$46.1 M
at the published price for each month
Months reported
186
no gaps in the span
Streams
2
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.

StreamBasisVolumeValue
OilDisposition4,263,090 bbl$262,768,544
Casinghead gasProduction7,960,897 Mcf$28,078,737
Total$290,847,280

Wells on this lease (18)

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 31.2336, -103.4657. A lease has no coordinate of its own — that point is the mean of its wells, and they span 2.0 miles.

31.22930, -103.46604 · 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 18 wells
With a plug date
0.0%
0 of 18 wells
Median depth
10,932 ft
18 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.
18100.0%

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

0k
2k
4k
6k
8k
10k
12k
15k
20k+

Total depth in feet, 18 of 18 wells. Median 10,932 ft, with the middle half between 10,879 and 12,250 ft; the shallowest is 10,343 ft and the deepest 13,055 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, 18 of 18 wells, Feb 2007 – Jan 2025. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Feb 2007 – Jan 2025
18 of 18 wells

18 wells

42-38941417332H10,880 ftJan 2025
42-38941418333H10,897 ftJan 2025
42-38941420334H10,896 ftJan 2025
42-3893845113HR10,601 ftDec 2019
42-3893844482NH10,915 ftNov 2019
42-3893845284NH10,343 ftNov 2019
42-3893844612HR10,948 ftNov 2019
42-3893844783HR10,878 ftNov 2019
42-3893458711H10,398 ftMar 2015
42-38932619713,055 ftApr 2012
42-38932793512,225 ftApr 2012
42-38932760412,235 ftMar 2012
42-38932775912,480 ftMar 2012
42-38932761312,270 ftMar 2012
42-38932638212,300 ftDec 2011
42-389326391012,255 ftAug 2011
42-38932641812,230 ftAug 2011
42-38910540110,418 ftFeb 2007

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 (186)

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

186 months

May 202632,746100,511106.413.05$3,790,642
Apr 202634,42285,50698.932.87$3,650,747
Mar 202635,513135,46189.753.15$3,613,918
Feb 202637,350142,69463.503.75$2,906,873
Jan 202644,289137,64059.138.00$3,719,642
Dec 202545,393139,02156.664.41$3,185,517
Nov 202550,261132,20958.593.93$3,463,903
Oct 202557,084112,25159.383.30$3,760,620
Sep 202556,680102,17762.743.08$3,870,494
Aug 202563,304105,97863.933.01$4,366,523
Jul 202571,438113,25766.743.32$5,143,242
Jun 202564,44295,69966.483.13$4,583,520
May 202562,29583,05560.553.23$4,040,423
Apr 202569,59491,27562.363.54$4,663,280
Mar 202592,758123,82667.704.27$6,808,246
Feb 202575,45365,94170.884.34$5,634,348
Jan 202566390574.324.28$53,146
Dec 202411,45222,09368.993.12$859,034
Nov 202411,44953,88469.052.20$909,014
Oct 202410,99433,90371.372.28$861,988
Sep 202411,64943,74869.612.36$914,323
Aug 20249,28128,55075.632.06$760,839
Jul 202412,77638,25979.932.15$1,103,312
Jun 202412,71435,99378.082.63$1,087,514
May 202412,40047,44578.812.20$1,081,549
Apr 202413,97847,23984.451.66$1,258,821
Mar 202414,62145,52080.301.55$1,244,401
Feb 202413,67337,20776.091.78$1,106,742
Jan 202413,77049,45373.023.30$1,168,565
Dec 202314,39340,97771.262.61$1,132,625
Nov 202313,47644,57277.892.81$1,174,784
Oct 202314,12950,26585.443.09$1,362,364
Sep 202316,94549,25189.042.74$1,643,486
Aug 202313,27350,70480.522.67$1,204,268
Jul 202313,53555,92274.852.64$1,160,829
Jun 202313,00950,97568.962.26$1,012,227
May 202315,4023,49570.622.23$1,095,474
Apr 202315,53052,35778.122.24$1,330,366
Mar 202318,32049,83972.852.39$1,453,885
Feb 202313,83338,65375.112.47$1,134,303
Jan 202312,4821,43976.533.39$960,122
Dec 202213,66845,52476.415.73$1,305,183
Nov 202214,59748,91685.005.65$1,516,935
Oct 202214,75455,19987.185.86$1,609,927
Sep 202215,40759,31884.888.16$1,791,999
Aug 202220,33251,97494.529.13$2,396,156
Jul 202215,82763,799101.587.54$2,088,884
Jun 202212,70353,306115.097.98$1,887,221
May 202217,78468,260109.378.43$2,520,675
Apr 202217,00181,397104.226.84$2,328,404
Mar 202218,46491,035108.885.08$2,472,490
Feb 202215,488128,16391.054.86$2,032,906
Jan 202231,543141,83881.844.54$3,225,095
Dec 202134,120191,20671.323.90$3,178,974
Nov 202133,881159,51177.435.24$3,458,741
Oct 202137,461251,09979.795.71$4,423,760
Sep 202133,264133,92969.865.35$3,040,466
Aug 202137,21278,12466.024.22$2,786,466
Jul 202134,42069,24270.783.98$2,711,975
Jun 202134,03654,76269.493.38$2,550,291
May 202136,18855,85063.483.02$2,465,751
Apr 202136,48455,87260.362.76$2,356,293
Mar 202140,57949,14761.302.72$2,621,022
Feb 202132,06336,25857.805.55$2,054,399
Jan 202146,94869,70350.412.81$2,562,533
Dec 202050,584106,23544.642.68$2,542,297
Nov 202049,94938,65038.772.71$2,041,132
Oct 202047,29048,87336.972.48$1,869,440
Sep 202056,664141,68037.091.99$2,383,758
Aug 202061,669105,20239.982.39$2,716,444
Jul 202063,146130,50238.371.83$2,661,094
Jun 202071,911100,91534.901.69$2,680,272
May 202082,553105,90616.921.81$1,588,990
Apr 202069,12199,18414.751.80$1,198,500
Mar 202092,923105,25130.341.86$3,014,654
Feb 2020131,725156,58849.881.98$6,880,592
Jan 2020198,301253,37657.252.09$11,883,489
Dec 2019308,639335,11359.012.30$18,985,008
Nov 201917,74224,93655.302.75$1,049,724
Oct 20196,3959,77853.472.42$365,589
Sep 20196,63513,00655.052.66$399,817
Aug 20198,52864,70853.112.30$602,033
Jul 20199,04519,03156.272.46$555,780
Jun 20196,47637,63652.782.49$435,562
May 20197,06923,39858.482.74$477,513
Apr 20196,44724,29362.632.75$470,598
Mar 20199,10317,43556.803.06$570,438
Feb 20194,0804,83550.852.79$220,968
Jan 20198,03711,84946.033.23$408,194
Dec 20189,18511,65946.594.19$476,727
Nov 20188,6179,75052.934.24$497,411
Oct 201810,20920161.443.40$627,924
Sep 20185,656059.543.11$336,758
Aug 20189,116059.403.07$541,490
Jul 20188,070065.142.93$525,680
Jun 20187,027060.183.08$422,885
May 20188,0033965.382.90$523,349
Apr 20188,07799463.842.90$518,519
Mar 20189,26913,70561.222.79$605,642
Feb 20187,9852961.782.77$493,394
Jan 20187,33347062.874.01$462,910
Dec 20177,16252257.272.92$411,693
Nov 20178,30114055.423.12$460,478
Oct 201710,75329049.292.98$530,881
Sep 20177,477247.523.09$355,313
Aug 20178,8786545.373.00$402,990
Jul 20179,5612,21743.873.09$426,286
Jun 201710,4181,13342.493.09$446,159
May 201712,7737,72845.373.26$604,731
Apr 201712,2341,70147.933.21$591,839
Mar 20173,3632,06746.772.98$163,455
Feb 20174,4124,10850.452.95$234,715
Jan 201713,84318,68249.413.42$747,853
Dec 201616,60426,51848.763.72$908,333
Nov 20162,53636042.492.64$108,707
Oct 20166,4811,31946.193.09$303,433
Sep 201612,96525,86341.553.10$618,887
Aug 201612,6487,10641.442.92$544,913
Jul 201613,59028,07941.622.92$647,728
Jun 201614,31717,56945.352.69$696,463
May 201616,59520,55942.521.99$746,553
Apr 201616,74423,49036.561.99$658,930
Mar 201621,04732,62033.011.79$753,282
Feb 201620,78430,34726.472.06$612,777
Jan 201624,09624,58127.352.36$717,144
Dec 201512,50110,47232.362.00$425,491
Nov 201514,91918,23138.792.17$618,221
Oct 201519,40819,75943.552.43$893,165
Sep 201519,96428,72342.992.76$937,482
Aug 201520,99817,33940.162.87$893,086
Jul 201524,34621,77448.152.95$1,236,386
Jun 201526,79630,49156.152.88$1,592,497
May 201534,47524,70455.212.96$1,976,376
Apr 201525,6353,84549.822.71$1,287,542
Mar 20153,8413,94442.892.93$176,315
Feb 20152,6512,44744.662.98$125,676
Jan 20153,8462,59443.433.10$175,075
Dec 20143,9914,96754.693.59$236,106
Nov 20144,6665,32070.464.25$351,386
Oct 20146,5677,89078.303.90$544,975
Sep 20145,4425,68386.164.05$491,873
Aug 20142,9165,81289.394.04$284,113
Jul 20147,07511,75096.564.18$732,272
Jun 20146,3459,75498.164.74$669,029
May 20144,21410,28694.734.73$447,810
Apr 20147,88812,65295.944.81$817,620
Mar 20147,64711,50795.895.06$791,459
Feb 20145,3917,45097.406.19$571,214
Jan 20144,2855,50790.404.86$414,132
Dec 20136,3529,34391.824.35$623,925
Nov 20136,1549,52088.853.74$582,371
Oct 20135,1129,43097.423.78$533,650
Sep 20134,0158,450104.113.72$449,417
Aug 20137,08012,097104.253.52$780,703
Jul 20138,30813,191102.523.72$900,777
Jun 20136,7495,24594.403.93$657,736
May 20133,8638,70594.834.15$402,446
Apr 20134,98513,11393.964.28$524,548
Mar 20138,79916,01893.623.91$886,439
Feb 20138,76516,96791.233.42$857,657
Jan 20138,82218,38091.603.42$870,953
Dec 201212,49222,69286.773.42$1,161,541
Nov 201211,64320,65886.953.62$1,087,243
Oct 201212,32321,58989.383.40$1,174,825
Sep 201211,69622,23094.672.92$1,172,136
Aug 201215,52829,78392.662.91$1,525,438
Jul 201215,20325,02185.133.02$1,369,815
Jun 201213,92022,86579.822.52$1,168,692
May 201217,63626,25991.612.49$1,680,975
Apr 201216,34623,315101.652.00$1,708,126
Mar 201214,59217,898105.052.22$1,572,660
Feb 201221,29123,486101.102.57$2,212,885
Jan 201226,27731,07098.092.73$2,662,459
Dec 201112,08515,57696.873.24$1,221,136
Nov 201111,32413,13295.723.31$1,127,417
Oct 201117,41723,36884.983.65$1,565,356
Sep 201129,96624,79183.623.99$2,604,569
Aug 20117,67811,26283.404.15$687,075
Jul 20112,8386,22794.144.52$295,298
Jun 20112,1123,85092.904.64$214,068
May 20112,6665,91898.134.40$287,682
Apr 20112,1192,877105.964.33$236,996
Mar 20112,0704,03096.364.06$215,816
Feb 20111,8104,04885.644.18$171,929
Jan 20113,0195,64886.504.59$287,061
Dec 20103,0745,07085.734.35$285,577

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               32,746 bbl  × $106.41 = $3,484,502
Casinghead gas   100,511 Mcf  × $  3.05 =   $306,140

────────────────────────────────────────────────────
Month total                               $3,790,642

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/40374 is the state's own key, not one this site invented.