SMITH, F. G.

Operated by K3 PRODUCTIONS LLC (P-5 449236) in the WARD, SOUTH field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 7265District 08Field 95138001Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$1.4 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
401
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 206 leases and 1,363 wells, and the rule below applies to all of them.

Discovered
1938-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
330 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 10 acres. The field rule took effect on 1982-11-01.

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: OP. 5 ACRE DIAG. 750

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA9none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
OilDisposition47,647 bbl$1,364,065
Casinghead gasProduction2,724 Mcf$8,985
Total$1,373,050

21 Mcf of this lease's gas, across 21 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (11)

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 31.4781, -102.8051. A lease has no coordinate of its own — that point is the mean of its wells, and they span 66.6 miles, so treat it as the lease's centre and not as its location.

31.57545, -102.34715 · 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
72.7%
8 of 11 wells
With a plug date
72.7%
8 of 11 wells
Median depth
2,545 ft
11 wells filed one
Completion to plug
25.3 years
median over 6 wells

What the state filed about each well

On the RRC proration schedule
872.7%
A plug date is filed
872.7%
BothOn the schedule and plugged. Neither fact cancels the other.
872.7%
NeitherNo plug date, and not on the schedule.
327.3%

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

Total depth in feet, 11 of 11 wells. Median 2,545 ft, with the middle half between 2,515 and 2,680 ft; the shallowest is 2,500 ft and the deepest 8,693 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

Last completion by decade, 9 of 11 wells, Feb 1960 – Mar 2015. 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 1960 – Mar 2015
9 of 11 wells; 2 filed none
Plug dates filed
Apr 1983 – Nov 2018
8 of 11 wells; 3 filed none

Last completion to plug: a median of 25.3 years across the 6 wells that filed both dates, with the middle half between 18.9 years and 33.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

11 wells

42-475033481W2,800 ftDec 1983Yes
42-475805071A2,506 ftApr 1983Yes
42-4751082242,545 ftMar 2015Nov 2018Yes
42-475358361C3,007 ftJul 2011
42-4750334922,560 ftMar 1997Sep 2014Yes
42-47503354152,529 ftMar 1994
42-3290017548,693 ftAug 1977Feb 2005Yes
42-475204235X2,550 ftSep 1966
42-4750335292,515 ftApr 1960Apr 1983Yes
42-4750335072,515 ftApr 1960Sep 2014Yes
42-47503353102,500 ftFeb 1960Jul 1995Yes

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 (401)

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

401 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 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 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 202291084.888.16$7,724
Aug 2022109094.529.13$10,303
Jul 20221840101.587.54$18,691
Jun 202200115.097.98$0
May 2022660109.378.43$7,218
Apr 20221500104.226.84$15,633
Mar 202200108.885.08$0
Feb 202259091.054.86$5,372
Jan 20220081.844.54$0
Dec 2021101071.323.90$7,203
Nov 2021124077.435.24$9,601
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 201926053.472.42$1,390
Sep 20195055.052.66$275
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 201913056.803.06$738
Feb 201927050.852.79$1,373
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 201727045.373.26$1,225
Apr 20170047.933.21$0
Mar 201727046.772.98$1,263
Feb 20170050.452.95$0
Jan 201762049.413.42$3,063
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 201658046.193.09$2,679
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 201657041.622.92$2,372
Jun 201602745.352.69$73
May 2016582142.521.99$2,508
Apr 201603136.561.99$62
Mar 2016281633.011.79$953
Feb 2016573426.472.06$1,579
Jan 201603427.352.36$80
Dec 2015565232.362.00$1,916
Nov 201505638.792.17$121
Oct 2015534443.552.43$2,415
Sep 2015591942.992.76$2,589
Aug 20150040.162.87$0
Jul 201557048.152.95$2,745
Jun 20150856.152.88$23
May 201559955.212.96$3,284
Apr 2015602049.822.71$3,043
Mar 201503942.892.93$114
Feb 201561044.662.98$2,724
Jan 201506643.433.10$205
Dec 2014465554.693.59$2,713
Nov 2014475470.464.25$3,541
Oct 2014523178.303.90$4,193
Sep 2014511486.164.05$4,451
Aug 201453889.394.04$4,770
Jul 201458796.564.18$5,630
Jun 2014572698.164.74$5,718
May 2014584194.734.73$5,688
Apr 2014563795.944.81$5,551
Mar 2014606995.895.06$6,102
Feb 201407597.406.19$464
Jan 2014558790.404.86$5,395
Dec 2013618491.824.35$5,967
Nov 2013566988.853.74$5,234
Oct 2013576597.423.78$5,799
Sep 20136544104.113.72$6,931
Aug 20136819104.253.52$7,156
Jul 20137152102.523.72$7,472
Jun 2013832994.403.93$7,949
May 201304194.834.15$170
Apr 20131553693.964.28$14,718
Mar 201304593.623.91$176
Feb 201305191.233.42$174
Jan 201307191.603.42$243
Dec 20121582686.773.42$13,799
Nov 201201986.953.62$69
Oct 20120089.383.40$0
Sep 2012161094.672.92$15,242
Aug 201202892.662.91$81
Jul 20121495285.133.02$12,841
Jun 2012013179.822.52$330
May 2012013091.612.49$323
Apr 201217690101.652.00$18,070
Mar 201217090105.052.22$18,058
Feb 2012090101.102.57$231
Jan 2012013398.092.73$364
Dec 201117715096.873.24$17,632
Nov 201135417895.723.31$34,474
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 2010176078.103.51$13,746
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 2010171081.694.12$13,969
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 2008140055.496.86$7,769
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 20081520123.1711.57$18,722
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 2008152090.388.21$13,738
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 2007152082.856.92$12,593
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 2007152070.906.39$10,777
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 2007152059.617.81$9,061
Mar 20070056.927.30$0
Feb 2007165055.108.22$9,092
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 2006177054.207.62$9,593
Oct 20060054.906.01$0
Sep 2006170060.085.04$10,214
Aug 20060068.717.34$0
Jul 2006166069.376.34$11,515
Jun 20060066.286.38$0
May 2006171066.016.42$11,288
Apr 20060064.397.36$0
Mar 2006171056.707.08$9,696
Feb 20060057.597.75$0
Jan 2006170060.598.93$10,300
Dec 2005180054.9413.42$9,889
Nov 2005159054.6910.59$8,696
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 2005139055.697.84$7,741
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 2005158049.207.36$7,774
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 2004175045.286.33$7,924
Oct 20040049.706.52$0
Sep 2004175043.245.28$7,567
Aug 20040042.375.55$0
Jul 2004179038.286.08$6,852
Jun 20040036.106.43$0
May 2004179037.486.49$6,709
Apr 2004155034.475.86$5,343
Mar 20040034.365.53$0
Feb 2004183032.455.51$5,938
Jan 2004158032.036.30$5,061
Dec 20030030.266.30$0
Nov 2003182028.804.60$5,242
Oct 2003177028.174.76$4,986
Sep 2003172026.314.75$4,525
Aug 2003167029.765.13$4,970
Jul 20030029.415.17$0
Jun 2003184028.565.98$5,255
May 2003168026.595.97$4,467
Apr 20030026.675.41$0
Mar 2003178031.146.10$5,543
Feb 2003169033.487.93$5,658
Jan 2003171030.315.58$5,183
Dec 2002173026.914.85$4,655
Nov 2002176024.664.14$4,340
Oct 2002167026.464.23$4,419
Sep 2002170027.443.64$4,665
Aug 2002160025.963.16$4,154
Jul 20020024.583.06$0
Jun 2002175023.733.34$4,153
May 2002171024.663.58$4,217
Apr 2002349023.653.51$8,254
Mar 2002178022.003.10$3,916
Feb 2002184018.222.38$3,352
Jan 2002175017.172.38$3,005
Dec 2001181016.932.36$3,064
Nov 2001193018.072.41$3,488
Oct 20010019.782.53$0
Sep 2001173024.262.25$4,197
Aug 2001195024.873.05$4,850
Jul 2001184023.933.20$4,403
Jun 2001358024.563.82$8,792
May 2001373025.524.31$9,519
Apr 20010024.685.34$0
Mar 2001171024.545.38$4,196
Feb 2001344027.755.77$9,546
Jan 20010027.478.40$0
Dec 2000374026.889.12$10,053
Nov 2000191032.215.66$6,152
Oct 2000187031.235.15$5,840
Sep 2000176031.875.19$5,609
Aug 2000181029.644.54$5,365
Jul 2000183028.534.09$5,221
Jun 2000176029.304.40$5,157
May 2000184027.263.68$5,016
Apr 2000183024.513.12$4,485
Mar 2000183028.422.86$5,201
Feb 2000348027.622.73$9,612
Jan 20000025.272.48$0
Dec 1999187024.282.42$4,540
Nov 1999173023.192.43$4,012
Oct 1999185020.982.80$3,881
Sep 19990021.752.62$0
Aug 1999502019.262.88$9,669
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 1999182015.102.21$2,748
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 1998194014.702.15$2,852
Dec 1997191016.322.41$3,117
Nov 1997383018.193.09$6,967
Oct 1997185019.253.15$3,561
Sep 1997367017.742.95$6,511
Aug 1997374017.862.55$6,680
Jul 1997360017.582.25$6,329
Jun 1997186017.242.26$3,207
May 1997364018.972.31$6,905
Apr 1997370017.882.08$6,616
Mar 1997175018.951.94$3,316
Feb 19970020.492.21$0
Jan 1997345023.483.54$8,101
Dec 1996573023.32$13,362
Nov 1996552021.97$12,127
Oct 1996548023.31$12,774
Sep 1996704022.22$15,643
Aug 1996183020.26$3,708
Jul 19960019.55$0
Jun 1996182018.73$3,409
May 1996344019.43$6,684
Apr 1996369021.51$7,937
Mar 1996367019.38$7,112
Feb 1996535016.98$9,084
Jan 1996170017.07$2,902
Dec 1995346017.19$5,948
Nov 1995572016.00$9,152
Oct 1995363015.43$5,601
Sep 1995338016.18$5,469
Aug 1995666015.92$10,603
Jul 1995170015.24$2,591
Jun 1995164016.41$2,691
May 1995171017.56$3,003
Apr 1995530017.73$9,397
Mar 1995515016.44$8,467
Feb 1995852016.58$14,126
Jan 1995366015.92$5,827
Dec 1994369015.03$5,546
Nov 1994619015.90$9,842
Oct 1994417015.58$6,497
Sep 1994573115.29$8,761
Aug 1994186116.13$3,000
Jul 1994392117.56$6,884
Jun 1994409117.09$6,990
May 1994194115.88$3,081
Apr 1994188114.14$2,658
Mar 19944112.46$50
Feb 1994399112.50$4,988
Jan 19940112.66$0
Dec 1993206112.33$2,540
Nov 1993830114.49$12,027
Oct 19931,041115.85$16,500
Sep 19931,039115.03$15,616
Aug 19931,042115.66$16,318
Jul 19931,292115.46$19,974
Jun 1993865116.79$14,523
May 19931,045117.68$18,476
Apr 19931,651118.05$29,801
Mar 19931,402118.14$25,432
Feb 19931,215117.90$21,749
Jan 19931,217116.93$20,604

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.

Sep 2022 — as filed, then multipliedworked
Oil                   91 bbl  × $ 84.88 =     $7,724
Casinghead gas         0 Mcf  × $  8.16 =         $0

────────────────────────────────────────────────────
Month total                                   $7,724

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/7265 is the state's own key, not one this site invented.