WHEAT, J. J. -E-

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 7990District 08Field 96742001NGPA filingOilCasinghead gasSaveExport
Value, all time
$502 k
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
NGPA4none

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
OilDisposition11,191 bbl$439,659
Casinghead gasProduction15,944 Mcf$62,042
Total$501,701

3,312 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 (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 31.7305, -103.5803. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

31.73044, -103.58034 · 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
33.3%
1 of 3 wells
With a plug date
33.3%
1 of 3 wells
Median depth
4,362 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
133.3%
A plug date is filed
133.3%
BothOn the schedule and plugged. Neither fact cancels the other.
133.3%
NeitherNo plug date, and not on the schedule.
266.7%

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 4,362 ft.

Plug dates filed
Jun 2018
1 of 3 wells; 2 filed none

3 wells

42-3010089044,362 ftJun 2018Yes
42-301008893
42-301008915

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 2023186070.622.23$13,135
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 2020114057.252.09$6,527
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 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 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 2015172056.152.88$9,658
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 20140086.164.05$0
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 2014163097.406.19$15,876
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 20131700104.253.52$17,723
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 2013171093.623.91$16,009
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20121744589.383.40$15,705
Sep 201205194.672.92$149
Aug 201205192.662.91$148
Jul 201205185.133.02$154
Jun 20121685179.822.52$13,538
May 201205191.612.49$127
Apr 2012051101.652.00$102
Mar 2012069105.052.22$153
Feb 2012069101.102.57$177
Jan 201206998.092.73$189
Dec 201106996.873.24$224
Nov 20111736995.723.31$16,788
Oct 201106984.983.65$252
Sep 201106983.623.99$275
Aug 201106983.404.15$286
Jul 201106994.144.52$312
Jun 201106992.904.64$320
May 201106998.134.40$304
Apr 2011069105.964.33$299
Mar 20111336996.364.06$13,096
Feb 201106985.644.18$288
Jan 201106986.504.59$317
Dec 201006985.734.35$300
Nov 20101716980.843.80$14,086
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 201006973.684.42$305
Jul 201006972.554.74$327
Jun 20101676970.364.91$12,089
May 201006971.124.24$292
Apr 201006981.694.12$284
Mar 201006978.394.39$303
Feb 201006973.585.44$376
Jan 201006974.365.96$412
Dec 200906971.445.48$378
Nov 2009986974.593.75$7,569
Oct 200906972.544.11$284
Sep 200906965.543.06$211
Aug 200906967.423.22$222
Jul 20091786961.133.46$11,120
Jun 200906966.163.90$269
May 200906954.743.93$271
Apr 200906946.773.59$248
Mar 200916942.144.06$322
Feb 200906932.814.63$320
Jan 200906935.865.37$371
Dec 200806937.105.98$412
Nov 200806955.496.86$473
Oct 200806975.246.92$478
Sep 2008069101.767.88$544
Aug 2008069114.228.48$585
Jul 200817069131.0811.39$23,069
Jun 2008069131.3313.03$899
May 2008069123.1711.57$799
Apr 2008069110.3110.45$721
Mar 2008069101.909.66$667
Feb 200806992.538.77$605
Jan 200806090.388.21$492
Dec 200706988.337.30$504
Nov 200706991.677.29$503
Oct 200706982.856.92$478
Sep 20071606975.846.24$12,565
Aug 200706969.066.39$441
Jul 200706970.906.39$441
Jun 200706962.007.55$521
May 20071806958.747.85$11,115
Apr 200706959.617.81$539
Mar 200706956.927.30$504
Feb 200706955.108.22$567
Jan 200706950.306.73$464
Dec 200606956.656.92$477
Nov 200606954.207.62$526
Oct 200606954.906.01$415
Sep 200606960.085.04$348
Aug 20061716968.717.34$12,256
Jul 200606969.376.34$438
Jun 200606966.286.38$440
May 200606966.016.42$443
Apr 20061776964.397.36$11,905
Mar 200606956.707.08$489
Feb 200606957.597.75$535
Jan 200606960.598.93$616
Dec 20051706954.9413.42$10,265
Nov 200506954.6910.59$731
Oct 200506958.3413.80$952
Sep 200506961.4512.08$833
Aug 20051796961.519.80$11,686
Jul 200506955.697.84$541
Jun 200506952.337.38$509
May 20050845.226.65$53
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 200506945.226.31$436
Jan 20051816943.166.32$8,248
Dec 200406939.866.75$466
Nov 200406945.286.33$437
Oct 20041796949.706.52$9,346
Sep 200406943.245.28$365
Aug 200406942.375.55$383
Jul 20041796938.286.08$7,272
Jun 200406936.106.43$444
May 200406937.486.49$448
Apr 200406934.475.86$404
Mar 20041766934.365.53$6,429
Feb 200406932.455.51$380
Jan 200406932.036.30$435
Dec 200306930.266.30$435
Nov 20031766928.804.60$5,386
Oct 200306928.174.76$328
Sep 200306926.314.75$328
Aug 20031736929.765.13$5,502
Jul 20031816929.415.17$5,680
Jun 200306928.565.98$413
May 200306926.595.97$412
Apr 200306926.675.41$373
Mar 20031686931.146.10$5,652
Feb 200306933.487.93$547
Jan 200306930.315.58$385
Dec 20021786926.914.85$5,125
Nov 200206924.664.14$285
Oct 200206926.464.23$292
Sep 200206927.443.64$251
Aug 20021746925.963.16$4,735
Jul 200206924.583.06$211
Jun 200206923.733.34$230
May 20021746924.663.58$4,538
Apr 200206923.653.51$242
Mar 20021806922.003.10$4,174
Feb 200206918.222.38$164
Jan 200206917.172.38$164
Dec 200106916.932.36$163
Nov 20011756918.072.41$3,328
Oct 200106919.782.53$174
Sep 200106924.262.25$155
Aug 200106924.873.05$211
Jul 200106923.933.20$221
Jun 20011776924.563.82$4,611
May 200106925.524.31$297
Apr 200106924.685.34$368
Mar 20011656924.545.38$4,420
Feb 200106927.755.77$398
Jan 200106927.478.40$580
Dec 20001506926.889.12$4,661
Nov 200006932.215.66$390
Oct 200006931.235.15$355
Sep 20001726931.875.19$5,840
Aug 200006929.644.54$313
Jul 200006928.534.09$282
Jun 200006929.304.40$303
May 200006927.263.68$254
Apr 200006924.513.12$215
Mar 200006928.422.86$197
Feb 20001746927.622.73$4,994
Jan 200006925.272.48$171
Dec 199906924.282.42$167
Nov 199906923.192.43$168
Oct 199906920.982.80$193
Sep 19991786921.752.62$4,052
Aug 199906919.262.88$198
Jul 199906917.892.37$164
Jun 199906915.942.36$163
May 199906915.792.32$160
Apr 19991776915.102.21$2,825
Mar 19991776912.471.84$2,334
Feb 19990699.981.82$125
Jan 199906910.381.90$131
Dec 19980699.201.77$122
Nov 199806910.892.19$151
Oct 199806912.421.97$136
Sep 199806912.592.08$144
Aug 1998556911.301.91$753
Jul 19981056911.742.24$1,387
Jun 199806911.242.24$154
May 19981576912.622.21$2,134
Apr 199806913.042.51$173
Mar 199806912.802.31$159
Feb 199806913.952.30$159
Jan 19981696914.702.15$2,633
Dec 199706916.322.41$166
Nov 199706918.193.09$213
Oct 19971736919.253.15$3,548
Sep 199706917.742.95$204
Aug 199706917.862.55$176
Jul 199706917.582.25$155
Jun 19971536917.242.26$2,793
May 199706918.972.31$159
Apr 199706917.882.08$144
Mar 19971786918.951.94$3,507
Feb 199706920.492.21$152
Jan 199706923.483.54$244
Dec 19961796923.32$4,174
Nov 199606921.97$0
Oct 199606923.31$0
Sep 19961546922.22$3,422
Aug 19961236920.26$2,492
Jul 199606919.55$0
Jun 199606918.73$0
May 199606919.43$0
Apr 199606921.51$0
Mar 19961786919.38$3,450
Feb 199606916.98$0
Jan 199606917.07$0
Dec 199506917.19$0
Nov 19951836916.00$2,928
Oct 199506915.43$0
Sep 199506916.18$0
Aug 19951766915.92$2,802
Jul 199506915.24$0
Jun 19951646916.41$2,691
May 199506917.56$0
Apr 19951716917.73$3,032
Mar 199506916.44$0
Feb 19951826916.58$3,018
Jan 199506915.92$0
Dec 199406915.03$0
Nov 199406915.90$0
Oct 199406915.58$0
Sep 19941676915.29$2,553
Aug 199406916.13$0
Jul 19941836917.56$3,213
Jun 199406917.09$0
May 19941816915.88$2,874
Apr 19941756914.14$2,475
Mar 19941696912.46$2,106
Feb 19941716912.50$2,138
Jan 199406912.66$0
Dec 199306912.33$0
Nov 19931846914.49$2,666
Oct 199306915.85$0
Sep 199306915.03$0
Aug 199306915.66$0
Jul 19931826915.46$2,814
Jun 199306916.79$0
May 199306917.68$0
Apr 199306918.05$0
Mar 199306918.14$0
Feb 19931696917.90$3,025
Jan 199306916.93$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 2023 — as filed, then multipliedworked
Oil                  186 bbl  × $ 70.62 =    $13,135
Casinghead gas         0 Mcf  × $  2.23 =         $0

────────────────────────────────────────────────────
Month total                                  $13,135

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/7990 is the state's own key, not one this site invented.