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NEAL LETHCO STATE 24-23 UNIT

Operated by DIAMONDBACK E&P LLC (P-5 217012) in the HOEFS T-K (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 49046District 08Field 41911500Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$138.6 M
Oct 2016 – May 2026
Value, last 12 filed months
$8.4 M
at the published price for each month
Months reported
116
no gaps in the span
Streams
2
oil, casinghead gas

The HOEFS T-K (WOLFCAMP) field

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 612 leases and 960 wells, and the rule below applies to all of them.

Discovered
1988-02-06
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 2019-12-17.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: “COMPLETION DATE DUE TO RECLASS USING HEPTANES PLUS ANNALYSIS.”

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
OilDisposition2,026,031 bbl$125,829,606
Casinghead gasProduction3,600,945 Mcf$12,808,429
Total$138,638,035

Wells on this lease (6)

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 31.0645, -103.0161. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.9 miles.

31.06485, -103.01602 · 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 6 wells
With a plug date
0.0%
0 of 6 wells
Median depth
9,974 ft
6 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.
6100.0%

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 8,632 and 10,103 ft, median 9,974 ft, over the 6 wells that filed a depth.

Completions filed
Oct 2016 – Jul 2021
6 of 6 wells

6 wells

42-371399666WA10,013 ftJul 2021——
42-371399655BS8,632 ftJun 2019——
42-371397813WA9,983 ftJan 2019——
42-371397834WA9,965 ftJan 2019——
42-371396742WA10,103 ftJun 2018——
42-371393991H9,939 ftOct 2016——

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.

Leases whose centres are nearest (151)

Ranked by the distance between lease centres, within 5 miles. A lease has no coordinate the state files — each centre is the mean of that lease's own wells, so this measures how far apart two centres are and not whether the two leases touch.

LeaseOperatorCentres apart
FEE -8-BLACK MOUNTAIN OIL & GAS II LLC0.39 mi
PALMERCHEVRON MIDCONTINENT, L.P.1.02 mi
PALMER, W. M.STRATCO OPERATING CO., INC.1.17 mi
ELDON STATEPURE RESOURCES, L.P.1.19 mi
ELDON-STATETITAN RESOURCES I, INC.1.19 mi
GARUPAPURE RESOURCES, L.P.1.20 mi
DJT 47MBX OPERATING LLC1.46 mi
DJT 45MBX OPERATING LLC1.49 mi
DRILL BABY DRILLMBX OPERATING LLC1.54 mi
LIBERTY OR DEATHMBX OPERATING LLC1.62 mi

The 10 nearest are listed. 151 leases in all have a centre within 5 miles of this one.

Operators who reported on those leases

Taken from the same 5-mile set above. This is who filed production, not who holds acreage — the state publishes no acreage register.

Every month this lease reported (116)

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

116 months

May 20269,32223,604106.413.05$1,063,848
Apr 20268,89223,96498.932.87$948,456
Mar 202610,47824,08589.753.15$1,016,255
Feb 20268,11620,79963.503.75$593,369
Jan 20267,80320,80259.138.00$627,764
Dec 20257,89924,21056.664.41$554,405
Nov 20258,61923,91258.593.93$598,876
Oct 20257,72725,10859.383.30$541,807
Sep 20258,67626,20962.743.08$624,975
Aug 20259,62027,19363.933.01$696,987
Jul 20256,69017,77566.743.32$505,418
Jun 20258,83824,17966.483.13$663,200
May 20257,56220,48060.553.23$524,077
Apr 20258,04327,84162.363.54$600,205
Mar 20259,51931,43167.704.27$778,594
Feb 20257,34826,18270.884.34$634,478
Jan 202510,03332,46374.324.28$884,551
Dec 202410,99834,73368.993.12$867,167
Nov 202410,15931,10669.052.20$769,864
Oct 202411,18132,84871.372.28$872,927
Sep 202410,21027,60969.612.36$775,996
Aug 202410,41329,80175.632.06$849,033
Jul 20249,79128,20479.932.15$843,137
Jun 20248,24225,60378.082.63$710,973
May 20249,03228,17778.812.20$773,757
Apr 20249,12126,40884.451.66$814,085
Mar 202411,90631,82280.301.55$1,005,221
Feb 202410,68427,14576.091.78$861,362
Jan 202412,15530,60273.023.30$988,473
Dec 202311,37930,39271.262.61$890,213
Nov 202313,89230,41277.892.81$1,167,431
Oct 202311,85132,73885.443.09$1,113,621
Sep 202312,32836,97589.042.74$1,198,813
Aug 202313,11440,76180.522.67$1,164,889
Jul 202313,96738,00774.852.64$1,145,837
Jun 202314,01639,56668.962.26$1,055,902
May 202315,00443,24770.622.23$1,155,911
Apr 202315,39942,10978.122.24$1,297,200
Mar 202318,43541,53872.852.39$1,442,397
Feb 202314,47826,77775.112.47$1,153,466
Jan 202316,67137,02876.533.39$1,401,272
Dec 202213,45740,80676.415.73$1,262,030
Nov 202215,60448,09785.005.65$1,597,905
Oct 202216,04843,30287.185.86$1,652,977
Sep 202216,78741,53484.888.16$1,763,951
Aug 202218,45248,93394.529.13$2,190,702
Jul 202219,97852,191101.587.54$2,422,994
Jun 202217,30244,623115.097.98$2,347,254
May 202219,33749,740109.378.43$2,534,347
Apr 20227,52814,446104.226.84$883,344
Mar 202222,15944,432108.885.08$2,638,227
Feb 202223,49741,90991.054.86$2,343,031
Jan 202223,35348,67481.844.54$2,132,077
Dec 202123,22655,09571.323.90$1,871,300
Nov 202126,99256,04877.435.24$2,383,506
Oct 202135,77866,47479.795.71$3,234,550
Sep 202123,41955,02669.865.35$1,930,491
Aug 202134,61968,13566.024.22$2,573,116
Jul 202113,65151,51870.783.98$1,171,367
Jun 202116,03057,36269.493.38$1,307,844
May 202116,84261,18663.483.02$1,253,769
Apr 202119,03561,80160.362.76$1,319,426
Mar 202120,70840,36961.302.72$1,379,081
Feb 202116,20431,85657.805.55$1,113,327
Jan 202117,73943,07750.412.81$1,015,281
Dec 202018,29144,88744.642.68$936,604
Nov 202016,44839,48038.772.71$744,544
Oct 202016,68035,64136.972.48$704,993
Sep 202018,90432,26437.091.99$765,388
Aug 202032,59045,24339.982.39$1,410,857
Jul 202025,50247,59838.371.83$1,065,384
Jun 202026,92241,63434.901.69$1,009,952
May 202029,17036,10016.921.81$559,069
Apr 202028,85138,62314.751.80$495,243
Mar 202033,75837,69230.341.86$1,094,183
Feb 202035,67329,61349.881.98$1,838,023
Jan 202034,90333,06757.252.09$2,067,464
Dec 201935,50738,74959.012.30$2,184,560
Nov 201929,02528,50555.302.75$1,683,491
Oct 201924,07532,03453.472.42$1,364,766
Sep 201936,32534,99555.052.66$2,092,683
Aug 201938,77843,65353.112.30$2,160,092
Jul 201946,94947,28756.272.46$2,758,149
Jun 201933,96932,48452.782.49$1,873,808
May 201936,98648,60258.482.74$2,296,126
Apr 201939,73144,10962.632.75$2,609,683
Mar 201937,04538,82756.803.06$2,223,048
Feb 201925,67021,00250.852.79$1,363,962
Jan 201937,16130,32946.033.23$1,808,428
Dec 20188,1108,38146.594.19$412,923
Nov 201814,30417,37252.934.24$830,720
Oct 201819,80427,61361.443.40$1,310,589
Sep 201822,21226,05859.543.11$1,403,491
Aug 201824,91522,75459.403.07$1,549,728
Jul 201817,02814,00265.142.93$1,150,256
Jun 20188,8838,80460.183.08$561,668
May 20183,0693,15165.382.90$209,792
Apr 201813,38822,58363.842.90$920,199
Mar 201814,58719,75561.222.79$948,070
Feb 201813,72215,65961.782.77$891,060
Jan 201819,82812,03362.874.01$1,294,831
Dec 201716,0009,94057.272.92$945,360
Nov 201713,3027,40355.423.12$760,282
Oct 201710,9242,92749.292.98$547,177
Sep 201710,8443,88547.523.09$527,301
Aug 201710,8034,48245.373.00$503,598
Jul 201710,9277,38343.873.09$502,161
Jun 201710,9828,21742.493.09$491,993
May 201712,5428,30245.373.26$596,123
Apr 201711,4887,76947.933.21$575,571
Mar 201713,0407,55246.772.98$632,414
Feb 201714,57213,46450.452.95$774,911
Jan 201717,33113,58749.413.42$902,776
Dec 201619,98113,63548.763.72$1,025,034
Nov 201616,78410,97242.492.64$742,166
Oct 201639236546.193.09$19,234

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                9,322 bbl  × $106.41 =   $991,954
Casinghead gas    23,604 Mcf  × $  3.05 =    $71,894

────────────────────────────────────────────────────
Month total                               $1,063,848

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/49046 is the state's own key, not one this site invented.