PEAK VICTOR 2-3

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

Oil lease lease 41238District 08Field 69922300OilCasinghead gasSaveExport
Value, all time
$2.3 M
May 2011 – May 2026
Value, last 12 filed months
$11 k
at the published price for each month
Months reported
181
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 18 leases and 25 wells, and the rule below applies to all of them.

Discovered
1988-10-09
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 20 acres. The field rule took effect on 2018-08-21.

The Commission's schedule remark for this field reads: & ALLOCATION FORMULA 100% PER WELL.

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
OilDisposition16,636 bbl$1,377,373
Casinghead gasProduction277,173 Mcf$923,601
Total$2,300,975

Wells on this lease (1)

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 31.2626, -102.3886. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.26263, -102.38861 · 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 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
5,620 ft
1 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.
1100.0%

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

The one well that filed a depth was drilled to 5,620 ft.

Completions filed
May 2011
1 of 1 wells

1 well

42-1033582815,620 ftMay 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 (181)

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

181 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 2025168066.743.32$11,212
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 202504862.363.54$170
Mar 202505667.704.27$239
Feb 202505170.884.34$221
Jan 202505774.324.28$244
Dec 202406868.993.12$212
Nov 202404869.052.20$106
Oct 202404271.372.28$96
Sep 202403769.612.36$87
Aug 202403875.632.06$78
Jul 202404579.932.15$97
Jun 202404078.082.63$105
May 202404578.812.20$99
Apr 202404584.451.66$75
Mar 202404480.301.55$68
Feb 202403976.091.78$70
Jan 202404373.023.30$142
Dec 202304571.262.61$117
Nov 20231794077.892.81$14,055
Oct 202303585.443.09$108
Sep 202303289.042.74$88
Aug 202303980.522.67$104
Jul 202303874.852.64$100
Jun 202303468.962.26$77
May 202303870.622.23$85
Apr 202303878.122.24$85
Mar 202303772.852.39$89
Feb 202303875.112.47$94
Jan 202304076.533.39$136
Dec 202204776.415.73$269
Nov 202204785.005.65$265
Oct 202205387.185.86$311
Sep 202204784.888.16$384
Aug 202205294.529.13$475
Jul 202217350101.587.54$17,950
Jun 2022049115.097.98$391
May 2022052109.378.43$439
Apr 2022054104.226.84$369
Mar 2022052108.885.08$264
Feb 202205091.054.86$243
Jan 202204581.844.54$204
Dec 202105371.323.90$207
Nov 202104377.435.24$225
Oct 202104079.795.71$229
Sep 202103769.865.35$198
Aug 202103666.024.22$152
Jul 202104170.783.98$163
Jun 20211752169.493.38$12,232
May 202102963.483.02$88
Apr 202103760.362.76$102
Mar 202104561.302.72$122
Feb 202104057.805.55$222
Jan 202105050.412.81$141
Dec 202005644.642.68$150
Nov 202004438.772.71$119
Oct 202004136.972.48$102
Sep 20201773637.091.99$6,637
Aug 202005139.982.39$122
Jul 202005438.371.83$99
Jun 202001834.901.69$30
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 202004330.341.86$80
Feb 202003849.881.98$75
Jan 20201584657.252.09$9,142
Dec 201904759.012.30$108
Nov 201904755.302.75$129
Oct 201905153.472.42$123
Sep 201905055.052.66$133
Aug 201904953.112.30$113
Jul 201907456.272.46$182
Jun 201906952.782.49$172
May 2019646258.482.74$3,913
Apr 201903662.632.75$99
Mar 201905156.803.06$156
Feb 201904450.852.79$123
Jan 20191515746.033.23$7,135
Dec 201806046.594.19$251
Nov 201806052.934.24$254
Oct 20181075361.443.40$6,754
Sep 201805559.543.11$171
Aug 201804359.403.07$132
Jul 201805965.142.93$173
Jun 201805960.183.08$182
May 201806265.382.90$180
Apr 20181476063.842.90$9,559
Mar 201804861.222.79$134
Feb 201805661.782.77$155
Jan 201809062.874.01$361
Dec 201711716357.272.92$7,177
Nov 2017023255.423.12$723
Oct 2017054749.292.98$1,632
Sep 2017053247.523.09$1,642
Aug 2017050345.373.00$1,511
Jul 2017054843.873.09$1,692
Jun 201710336342.493.09$5,497
May 2017040545.373.26$1,322
Apr 201711153647.933.21$7,042
Mar 2017040846.772.98$1,217
Feb 201713537250.452.95$7,909
Jan 2017067549.413.42$2,308
Dec 2016062548.763.72$2,327
Nov 201610573042.492.64$6,392
Oct 201610165946.193.09$6,702
Sep 2016053841.553.10$1,668
Aug 20169633141.442.92$4,946
Jul 2016041541.622.92$1,214
Jun 20169748045.352.69$5,688
May 2016063842.521.99$1,270
Apr 2016076636.561.99$1,525
Mar 201613672233.011.79$5,785
Feb 201616276426.472.06$5,865
Jan 201601,07327.352.36$2,537
Dec 20151601,31132.362.00$7,801
Nov 20151591,14838.792.17$8,656
Oct 201501,16943.552.43$2,837
Sep 2015811,00642.992.76$6,257
Aug 2015771,12240.162.87$6,315
Jul 2015099348.152.95$2,924
Jun 2015601,00056.152.88$6,252
May 2015571,17855.212.96$6,628
Apr 2015601,11049.822.71$5,993
Mar 2015591,52942.892.93$7,018
Feb 2015602,12644.662.98$9,007
Jan 20151302,12343.433.10$12,229
Dec 2014671,78154.693.59$10,060
Nov 20141242,20870.464.25$18,125
Oct 201463078.303.90$4,933
Sep 20141231,90286.164.05$18,292
Aug 2014642,19789.394.04$14,586
Jul 2014642,44896.564.18$16,412
Jun 2014682,18698.164.74$17,030
May 20141272,49594.734.73$23,823
Apr 20141492,34695.944.81$25,577
Mar 20141543,31095.895.06$31,505
Feb 2014333,21797.406.19$23,134
Jan 2014851,30790.404.86$14,037
Dec 2013502,75691.824.35$16,592
Nov 20131422,66688.853.74$22,583
Oct 20131113,80297.423.78$25,183
Sep 2013604,050104.113.72$21,303
Aug 20131274,045104.253.52$27,489
Jul 2013382,478102.523.72$13,108
Jun 2013522,53294.403.93$14,868
May 20131435,22294.834.15$35,227
Apr 20131254,43693.964.28$30,743
Mar 2013883,55993.623.91$22,164
Feb 20131465,18791.233.42$31,059
Jan 20131606,26891.603.42$36,092
Dec 20121716,75186.773.42$37,927
Nov 20122107,24486.953.62$44,519
Oct 20122157,58089.383.40$44,986
Sep 20121367,97794.672.92$36,155
Aug 20121858,35792.662.91$41,446
Jul 201231110,94985.133.02$59,550
Jun 20122608,70779.822.52$42,686
May 20121969,56791.612.49$41,761
Apr 201231411,015101.652.00$53,913
Mar 201252413,274105.052.22$84,542
Feb 201264811,767101.102.57$95,757
Jan 201253411,16698.092.73$82,909
Dec 201170211,08696.873.24$103,919
Nov 20117028,66395.723.31$95,881
Oct 20111,0519,44384.983.65$123,767
Sep 20111,2338,38183.623.99$136,508
Aug 20111,39312,68883.404.15$168,823
Jul 20111,0573,84494.144.52$116,870
Jun 20118662,90992.904.64$93,949
May 2011052898.134.40$2,326

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.

Jul 2025 — as filed, then multipliedworked
Oil                  168 bbl  × $ 66.74 =    $11,212
Casinghead gas         0 Mcf  × $  3.32 =         $0

────────────────────────────────────────────────────
Month total                                  $11,212

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/41238 is the state's own key, not one this site invented.