STEPHENS '9'

Operated by EOG RESOURCES, INC. (P-5 253162) in the HILL RANCH (MISS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 43538District 08Field 41462666OilCasinghead gasSaveExport
Value, all time
$2.1 M
May 2012 – Mar 2026
Value, last 12 filed months
$510
at the published price for each month
Months reported
167
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 14 leases and 15 wells, and the rule below applies to all of them.

Discovered
1968-08-16
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1986-01-27.

The Commission's schedule remark for this field reads: ALLOCATION 100% ACRES

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
OilDisposition29,457 bbl$1,958,988
Casinghead gasProduction34,277 Mcf$115,988
Total$2,074,976

Every month this lease reported (167)

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

167 months

Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20259056.664.41$510
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20246078.082.63$468
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 202418076.091.78$1,370
Jan 202422273.023.30$1,613
Dec 2023217071.262.61$1,679
Nov 20232013177.892.81$1,926
Oct 20234420085.443.09$4,377
Sep 202332589.042.74$2,863
Aug 2023136580.522.67$10,964
Jul 20231181274.852.64$8,864
Jun 2023301368.962.26$2,098
May 202314637870.622.23$11,152
Apr 202311029878.122.24$9,260
Mar 202310123472.852.39$7,918
Feb 202321528775.112.47$16,856
Jan 202311231176.533.39$9,625
Dec 202228320976.415.73$22,821
Nov 202284685.005.65$7,174
Oct 202291087.185.86$7,933
Sep 202295084.888.16$8,064
Aug 2022175094.529.13$16,541
Jul 20221400101.587.54$14,221
Jun 2022885115.097.98$10,168
May 202229720109.378.43$32,652
Apr 20221280104.226.84$13,340
Mar 2022476537108.885.08$54,553
Feb 202216642091.054.86$17,155
Jan 2022476381.844.54$4,132
Dec 20211242271.323.90$8,929
Nov 20218729477.435.24$8,276
Oct 202117258879.795.71$17,084
Sep 202121557669.865.35$18,102
Aug 20214438366.024.22$4,521
Jul 20214241070.783.98$4,605
Jun 20216731969.493.38$5,734
May 20219042563.483.02$6,996
Apr 202115022160.362.76$9,664
Mar 202195861.302.72$5,845
Feb 20211426857.805.55$2,296
Jan 20212530550.412.81$2,117
Dec 202091044.642.68$4,062
Nov 202017654638.772.71$8,301
Oct 202013843836.972.48$6,187
Sep 202013621737.091.99$5,476
Aug 202017425739.982.39$7,569
Jul 202012953138.371.83$5,919
Jun 20208136134.901.69$3,437
May 20201114516.921.81$1,960
Apr 202011812914.751.80$1,973
Mar 202018712130.341.86$5,898
Feb 20201236849.881.98$6,270
Jan 20201779657.252.09$10,334
Dec 20191618159.012.30$9,687
Nov 20191551055.302.75$8,599
Oct 2019119053.472.42$6,363
Sep 2019188055.052.66$10,349
Aug 2019156053.112.30$8,285
Jul 2019172756.272.46$9,696
Jun 20191282552.782.49$6,818
May 20191191758.482.74$7,006
Apr 20192001062.632.75$12,554
Mar 201921810756.803.06$12,710
Feb 20191149250.852.79$6,054
Jan 2019135046.033.23$6,214
Dec 2018172046.594.19$8,013
Nov 2018257552.934.24$13,624
Oct 20181029061.443.40$6,573
Sep 201819410259.543.11$11,868
Aug 201820621959.403.07$12,908
Jul 201819121965.142.93$13,084
Jun 201823512760.183.08$14,533
May 201814929665.382.90$10,600
Apr 201818620763.842.90$12,475
Mar 201822623661.222.79$14,493
Feb 201811724161.782.77$7,895
Jan 201828427662.874.01$18,962
Dec 201715828257.272.92$9,873
Nov 201711930355.423.12$7,540
Oct 201725534149.292.98$13,586
Sep 201725427647.523.09$12,922
Aug 201726948145.373.00$13,650
Jul 201736347643.873.09$17,394
Jun 201724452342.493.09$11,982
May 201716848345.373.26$9,198
Apr 201724348347.933.21$13,198
Mar 201718054346.772.98$10,039
Feb 201724957250.452.95$14,251
Jan 201727451149.413.42$15,285
Dec 201621851248.763.72$12,536
Nov 201619946542.492.64$9,685
Oct 201632451546.193.09$16,557
Sep 201623154241.553.10$11,279
Aug 201629561341.442.92$14,017
Jul 201622725741.622.92$10,199
Jun 201634474245.352.69$17,593
May 201631447242.521.99$14,291
Apr 201633647936.561.99$13,238
Mar 201626556233.011.79$9,756
Feb 201631260726.472.06$9,511
Jan 201637166527.352.36$11,719
Dec 201564333232.362.00$21,472
Nov 201534423938.792.17$13,862
Oct 201521318643.552.43$9,727
Sep 2015214042.992.76$1,013
Aug 2015129040.162.87$5,181
Jul 201547656248.152.95$24,575
Jun 201553329456.152.88$30,776
May 201529335055.212.96$17,211
Apr 20152337449.822.71$11,808
Mar 2015104042.892.93$4,461
Feb 2015484044.662.98$21,615
Jan 201596043.433.10$4,169
Dec 2014401054.693.59$21,931
Nov 2014435070.464.25$30,650
Oct 2014453878.303.90$35,501
Sep 201444611786.164.05$38,901
Aug 201463739389.394.04$58,527
Jul 201471855196.564.18$71,633
Jun 20147861,10098.164.74$82,364
May 201497094694.734.73$96,359
Apr 201475695595.944.81$77,123
Mar 20141,26177695.895.06$124,841
Feb 201464851597.406.19$66,304
Jan 20145813590.404.86$5,899
Dec 2013716791.824.35$6,811
Nov 2013578488.853.74$5,378
Oct 2013968397.423.78$9,666
Sep 20138927104.113.72$9,366
Aug 20136329104.253.52$6,670
Jul 20136136102.523.72$6,388
Jun 2013883494.403.93$8,441
May 2013975894.834.15$9,439
Apr 201310014293.964.28$10,004
Mar 201313416193.623.91$13,175
Feb 20132112991.233.42$2,357
Jan 201315015691.603.42$14,274
Dec 201220019186.773.42$18,007
Nov 201229225486.953.62$26,310
Oct 201230865189.383.40$29,742
Sep 2012017094.672.92$496
Aug 2012012492.662.91$361
Jul 20126112485.133.02$5,568
Jun 201208379.822.52$209
May 20125919591.612.49$5,890

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.

Dec 2025 — as filed, then multipliedworked
Oil                    9 bbl  × $ 56.66 =       $510
Casinghead gas         0 Mcf  × $  4.41 =         $0

────────────────────────────────────────────────────
Month total                                     $510

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/43538 is the state's own key, not one this site invented.