BELL-LEPP

Operated by M2 SQUARED OPERATING, LLC (P-5 519348) in the WHEAT field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 7985District 08Field 96742001NGPA filingOilCasinghead gasSaveExport
Value, all time
$1.3 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 142 leases and 286 wells, and the rule below applies to all of them.

Discovered
1925-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres.

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
NGPA3none

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
OilDisposition41,958 bbl$1,264,667
Casinghead gasProduction29,000 Mcf$82,879
Total$1,347,546

9,387 Mcf of this lease's gas, across 48 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 (7)

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 31.7332, -103.5970. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

31.73307, -103.59689 · 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
71.4%
5 of 7 wells
With a plug date
14.3%
1 of 7 wells
Median depth
4,262 ft
1 wells filed one
Completion to plug
87.1 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
571.4%
A plug date is filed
114.3%
BothOn the schedule and plugged. Neither fact cancels the other.
114.3%
NeitherNo plug date, and not on the schedule.
228.6%

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 4,262 ft.

Completions filed
May 1931
1 of 7 wells; 6 filed none
Plug dates filed
Jun 2018
1 of 7 wells; 6 filed none

Last completion to plug: a median of 87.1 years across the 1 well that filed both dates, with the middle half between 87.1 years and 87.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

7 wells

42-301007312Yes
42-301007323Yes
42-301007345Yes
42-301007367Yes
42-301007334
42-301007356
42-3010018014,262 ftMay 1931Jun 2018Yes

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 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
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 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
Feb 20190050.852.79$0
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 201897065.142.93$6,319
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 2017162049.292.98$7,985
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20143086.164.05$258
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 2014174090.404.86$15,730
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 2013176094.834.15$16,690
Apr 20133093.964.28$282
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 2012167086.773.42$14,491
Nov 20120086.953.62$0
Oct 201205289.383.40$177
Sep 201206094.672.92$175
Aug 201206092.662.91$174
Jul 201206085.133.02$181
Jun 201206079.822.52$151
May 20121776091.612.49$16,364
Apr 2012060101.652.00$120
Mar 2012060105.052.22$133
Feb 2012060101.102.57$154
Jan 201206098.092.73$164
Dec 201106096.873.24$194
Nov 201106095.723.31$199
Oct 201106084.983.65$219
Sep 201106083.623.99$239
Aug 201106083.404.15$249
Jul 20111666094.144.52$15,898
Jun 201106092.904.64$278
May 201106098.134.40$264
Apr 2011060105.964.33$260
Mar 201106096.364.06$243
Feb 201106085.644.18$251
Jan 20111706086.504.59$14,980
Dec 201006085.734.35$261
Nov 20101736080.843.80$14,213
Oct 201006078.103.51$211
Sep 201006072.633.98$239
Aug 201006073.684.42$265
Jul 20101716072.554.74$12,690
Jun 201006070.364.91$295
May 201006071.124.24$254
Apr 20101766081.694.12$14,625
Mar 201006078.394.39$263
Feb 201006073.585.44$327
Jan 20101796074.365.96$13,668
Dec 200906071.445.48$329
Nov 200906074.593.75$225
Oct 20091806072.544.11$13,304
Sep 200906065.543.06$184
Aug 200906067.423.22$193
Jul 20091786061.133.46$11,089
Jun 200906066.163.90$234
May 20091806054.743.93$10,089
Apr 200906046.773.59$215
Mar 200906042.144.06$244
Feb 2009946032.814.63$3,362
Jan 200906035.865.37$322
Dec 200806037.105.98$359
Nov 20081726055.496.86$9,956
Oct 200806075.246.92$415
Sep 2008060101.767.88$473
Aug 200810060114.228.48$11,931
Jul 2008060131.0811.39$683
Jun 2008060131.3313.03$782
May 200817860123.1711.57$22,619
Apr 2008060110.3110.45$627
Mar 200816360101.909.66$17,190
Feb 20081816092.538.77$17,274
Jan 200806090.388.21$492
Dec 200706088.337.30$438
Nov 20071836091.677.29$17,213
Oct 200706082.856.92$415
Sep 200706075.846.24$375
Aug 20071786069.066.39$12,676
Jul 200706070.906.39$383
Jun 200706062.007.55$453
May 20071736058.747.85$10,633
Apr 200706059.617.81$468
Mar 200706056.927.30$438
Feb 20071756055.108.22$10,135
Jan 200706050.306.73$404
Dec 200606056.656.92$415
Nov 200606054.207.62$457
Oct 20061766054.906.01$10,023
Sep 20061756060.085.04$10,816
Aug 20061776068.717.34$12,602
Jul 200606069.376.34$381
Jun 20063436066.286.38$23,117
May 200606066.016.42$386
Apr 20061706064.397.36$11,388
Mar 20061796056.707.08$10,574
Feb 20061816057.597.75$10,889
Jan 20061826060.598.93$11,563
Dec 20053406054.9413.42$19,485
Nov 20051736054.6910.59$10,097
Oct 20051797758.3413.80$11,505
Sep 200508661.4512.08$1,039
Aug 20051799061.519.80$11,892
Jul 20053588855.697.84$20,627
Jun 20051808252.337.38$10,025
May 200518210345.226.65$8,915
Apr 20053338349.207.36$16,995
Mar 200507350.377.15$522
Feb 20052916545.226.31$13,569
Jan 200506043.166.32$379
Dec 20043406039.866.75$13,957
Nov 20041746245.286.33$8,271
Oct 200406449.706.52$417
Sep 20041806143.245.28$8,106
Aug 20043026042.375.55$13,129
Jul 20041776138.286.08$7,147
Jun 20041796436.106.43$6,874
May 20041786637.486.49$7,100
Apr 20043507534.475.86$12,504
Mar 20043408134.365.53$12,130
Feb 200408832.455.51$485
Jan 20041848032.036.30$6,397
Dec 20033678430.266.30$11,635
Nov 2003010128.804.60$464
Oct 200336111628.174.76$10,721
Sep 200318212326.314.75$5,373
Aug 200335912329.765.13$11,315
Jul 200335612429.415.17$11,111
Jun 200318310028.565.98$5,825
May 200318111526.595.97$5,500
Apr 200336410726.675.41$10,286
Mar 20031798531.146.10$6,092
Feb 20033649533.487.93$12,940
Jan 20031849030.315.58$6,079
Dec 20021859226.914.85$5,425
Nov 200234810124.664.14$9,000
Oct 2002014026.464.23$592
Sep 200236313327.443.64$10,444
Aug 20021787025.963.16$4,842
Jul 200217812724.583.06$4,764
Jun 200217711423.733.34$4,581
May 200218015224.663.58$4,984
Apr 200236114223.653.51$9,036
Mar 200217811322.003.10$4,267
Feb 200218210418.222.38$3,563
Jan 200218210517.172.38$3,374
Dec 200118012416.932.36$3,341
Nov 200118619218.072.41$3,823
Oct 2001011619.782.53$293
Sep 200117816424.262.25$4,688
Aug 200118212524.873.05$4,908
Jul 200134512523.933.20$8,655
Jun 20018614224.563.82$2,655
May 200118116225.524.31$5,317
Apr 200117910724.685.34$4,989
Mar 200118413624.545.38$5,247
Feb 200118413727.755.77$5,896
Jan 200118611527.478.40$6,075
Dec 200036814026.889.12$11,169
Nov 200018315932.215.66$6,794
Oct 2000015431.235.15$792
Sep 20001767731.875.19$6,008
Aug 200017613929.644.54$5,848
Jul 200017913328.534.09$5,651
Jun 200034713429.304.40$10,756
May 200017512327.263.68$5,223
Apr 200031312024.513.12$8,046
Mar 200018111628.422.86$5,476
Feb 200018311127.622.73$5,357
Jan 200053711425.272.48$13,853
Dec 1999011224.282.42$271
Nov 19991807523.192.43$4,357
Oct 199936418620.982.80$8,158
Sep 199918120221.752.62$4,466
Aug 199936018819.262.88$7,474
Jul 199917919117.892.37$3,655
Jun 199936521915.942.36$6,335
May 1999017815.792.32$413
Apr 19991788915.102.21$2,884
Mar 199936611312.471.84$4,772
Feb 19991831589.981.82$2,114
Jan 199937113010.381.90$4,098
Dec 19981822019.201.77$2,031
Nov 1998028910.892.19$632
Oct 199818225112.421.97$2,755
Sep 1998016412.592.08$342
Aug 199818227411.301.91$2,579
Jul 199835117311.742.24$4,508
Jun 1998017411.242.24$389
May 199817912712.622.21$2,539
Apr 199818015413.042.51$2,733
Mar 199835418812.802.31$4,965
Feb 199818618913.952.30$3,029
Jan 199837314814.702.15$5,802
Dec 199735922916.322.41$6,411
Nov 199718219318.193.09$3,907
Oct 199718029719.253.15$4,401
Sep 199736529117.742.95$7,335
Aug 199755026917.862.55$10,510
Jul 199736330917.582.25$7,076
Jun 199734222017.242.26$6,393
May 199754725218.972.31$10,958
Apr 199718411317.882.08$3,525
Mar 199736525718.951.94$7,415
Feb 199718927120.492.21$4,470
Jan 199718325723.483.54$5,207
Dec 199617820123.32$4,151
Nov 199618617721.97$4,086
Oct 199635725023.31$8,322
Sep 199618225422.22$4,044
Aug 199618123920.26$3,667
Jul 199636127219.55$7,058
Jun 199617725618.73$3,315
May 199671223819.43$13,834
Apr 199637022121.51$7,959
Mar 199637325419.38$7,229
Feb 199637322816.98$6,334
Jan 199636919317.07$6,299
Dec 1995019817.19$0
Nov 199555625916.00$8,896
Oct 199536529315.43$5,632
Sep 199537128016.18$6,003
Aug 199535424715.92$5,636
Jul 199536124415.24$5,502
Jun 199535819416.41$5,875
May 19951888717.56$3,301
Apr 199536815217.73$6,525
Mar 199518214016.44$2,992
Feb 19951899116.58$3,134
Jan 19951848815.92$2,929
Dec 199409515.03$0
Nov 199418715615.90$2,973
Oct 199418218115.58$2,836
Sep 199417519315.29$2,676
Aug 199418623516.13$3,000
Jul 1994023617.56$0
Jun 19941889417.09$3,213
May 199418016415.88$2,858
Apr 199417012214.14$2,404
Mar 199418510912.46$2,305
Feb 19941836012.50$2,288
Jan 19941906412.66$2,405
Dec 1993706212.33$863
Nov 19933616214.49$5,231
Oct 199318318615.85$2,901
Sep 199316520915.03$2,480
Aug 199316522315.66$2,584
Jul 199337432915.46$5,782
Jun 199334332316.79$5,759
May 199336822417.68$6,506
Apr 199337326318.05$6,733
Mar 199319225518.14$3,483
Feb 199334919517.90$6,247
Jan 199337729116.93$6,383

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 2018 — as filed, then multipliedworked
Oil                   97 bbl  × $ 65.14 =     $6,319
Casinghead gas         0 Mcf  × $  2.93 =         $0

────────────────────────────────────────────────────
Month total                                   $6,319

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/7985 is the state's own key, not one this site invented.