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NEAL LETHCO 39-40-12 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 53294District 08Field 41911500OilCasinghead gasSave
Value, all time
$77.8 M
Mar 2019 – May 2026
Value, last 12 filed months
$4.2 M
at the published price for each month
Months reported
87
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
OilDisposition1,083,908 bbl$65,221,165
Casinghead gasProduction3,486,430 Mcf$12,619,423
Total$77,840,588

Wells on this lease (3)

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 31.1351, -103.0116. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

31.13565, -103.01275 · 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 3 wells
With a plug date
0.0%
0 of 3 wells
Median depth
9,621 ft
3 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.
3100.0%

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 8,813 and 10,143 ft, median 9,621 ft, over the 3 wells that filed a depth.

Completions filed
Dec 2019 – Mar 2020
3 of 3 wells

3 wells

42-371400871BS8,813 ftMar 2020——
42-371399141WA10,143 ftDec 2019——
42-371399152BS9,621 ftDec 2019——

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 (87)

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

87 months

May 20263,00318,022106.413.05$374,441
Apr 20262,18116,42698.932.87$262,904
Mar 20262,71520,31889.753.15$307,662
Feb 20263,54521,58363.503.75$306,051
Jan 20264,72324,49259.138.00$475,156
Dec 20253,70722,47656.664.41$309,233
Nov 20254,02522,23358.593.93$323,121
Oct 20253,28616,81259.383.30$250,684
Sep 20254,56724,06062.743.08$360,564
Aug 20255,06827,71763.933.01$407,557
Jul 20254,57522,30766.743.32$379,288
Jun 20254,88925,37766.483.13$404,418
May 20254,59129,16960.553.23$372,269
Apr 20254,78228,63062.363.54$399,645
Mar 20255,21531,43367.704.27$487,222
Feb 20254,78629,70470.884.34$468,172
Jan 20255,17032,42974.324.28$522,988
Dec 20245,61831,53268.993.12$486,009
Nov 20245,80933,46169.052.20$474,673
Oct 20245,95433,92571.372.28$502,333
Sep 20245,95232,59569.612.36$491,385
Aug 20246,23237,10375.632.06$547,893
Jul 20246,03642,06179.932.15$572,745
Jun 20246,08845,44678.082.63$595,055
May 20246,41842,78678.812.20$599,865
Apr 20246,60243,61184.451.66$629,898
Mar 20246,67245,75580.301.55$606,459
Feb 20248,92348,87476.091.78$766,125
Jan 20248,85249,25773.023.30$808,806
Dec 20239,78758,85071.262.61$851,062
Nov 20239,51755,84877.892.81$898,076
Oct 20238,70753,34685.443.09$908,620
Sep 202310,04554,92289.042.74$1,044,621
Aug 20239,52244,65580.522.67$886,069
Jul 202311,33750,65074.852.64$982,382
Jun 20239,52741,51568.962.26$750,743
May 20239,63836,09770.622.23$761,038
Apr 20236,26427,33378.122.24$550,508
Mar 20236,57029,52072.852.39$549,271
Feb 20237,04529,81475.112.47$602,662
Jan 20238,12034,78576.533.39$739,265
Dec 20228,25231,83976.415.73$812,944
Nov 20228,78734,81285.005.65$943,451
Oct 20229,14636,71787.185.86$1,012,648
Sep 20229,99644,64484.888.16$1,212,920
Aug 202210,90440,55994.529.13$1,400,835
Jul 202211,86747,419101.587.54$1,563,088
Jun 202212,04554,503115.097.98$1,821,040
May 202213,30057,906109.378.43$1,942,945
Apr 20225,64515,144104.226.84$691,871
Mar 202214,05261,169108.885.08$1,840,500
Feb 202213,66753,16391.054.86$1,502,691
Jan 202217,27160,40981.844.54$1,687,575
Dec 202115,23755,99071.323.90$1,305,015
Nov 202115,76261,78477.435.24$1,544,005
Oct 202119,18173,07479.795.71$1,947,987
Sep 202118,01771,62069.865.35$1,641,901
Aug 202119,65781,50266.024.22$1,641,742
Jul 202121,16589,38270.783.98$1,853,985
Jun 202123,13488,34369.493.38$1,906,236
May 202123,84085,55263.483.02$1,771,531
Apr 202129,76193,89260.362.76$2,055,368
Mar 202132,65189,45261.302.72$2,244,542
Feb 202124,89063,59257.805.55$1,791,447
Jan 202127,76176,06950.412.81$1,613,206
Dec 202030,59877,00044.642.68$1,571,905
Nov 202031,42675,61038.772.71$1,423,030
Oct 202037,84871,91136.972.48$1,577,467
Sep 202033,41459,89137.091.99$1,358,571
Aug 202029,75950,36139.982.39$1,309,881
Jul 202032,70741,66938.371.83$1,331,019
Jun 202054,37752,11934.901.69$1,985,855
May 202024,42527,28016.921.81$462,777
Apr 202031,47030,19414.751.80$518,664
Mar 202043,12739,66530.341.86$1,382,101
Feb 202024,75127,09249.881.98$1,288,240
Jan 202038,51839,92757.252.09$2,288,792
Dec 20199,4378,24659.012.30$575,879
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0

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                3,003 bbl  × $106.41 =   $319,549
Casinghead gas    18,022 Mcf  × $  3.05 =    $54,892

────────────────────────────────────────────────────
Month total                                 $374,441

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/53294 is the state's own key, not one this site invented.