NEXUS 23

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 7993District 08Field 96742001OilCasinghead gasSaveExport
Value, all time
$1.1 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.

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
OilDisposition28,178 bbl$1,072,554
Casinghead gasProduction13,038 Mcf$34,182
Total$1,106,735

4,867 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 (16)

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 31.7378, -103.5864. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.0 miles.

31.73745, -103.58775 · 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
50.0%
8 of 16 wells
With a plug date
25.0%
4 of 16 wells
Median depth
4,353 ft
9 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
850.0%
A plug date is filed
425.0%
BothOn the schedule and plugged. Neither fact cancels the other.
425.0%
NeitherNo plug date, and not on the schedule.
850.0%

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

Total depth in feet, 9 of 16 wells. Median 4,353 ft, with the middle half between 4,335 and 4,493 ft; the shallowest is 4,300 ft and the deepest 6,040 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, 5 of 16 wells, Jul 1966 – Dec 2014. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Jul 1966 – Dec 2014
5 of 16 wells; 11 filed none
Plug dates filed
Oct 1986 – Nov 1986
4 of 16 wells; 12 filed none

16 wells

42-3010092244,353 ftOct 1986Yes
42-3010092684,335 ftOct 1986Yes
42-30100930144,493 ftNov 1986Yes
42-3010103734,331 ftOct 1986Yes
42-301001375B
42-301009212
42-301009235
42-301009246
42-301009257
42-3010092810
42-301009894B
42-30100929124,348 ftDec 2014Yes
42-3010092796,040 ftApr 2003Yes
42-30101065136,001 ftDec 2002Yes
42-3010103614,300 ftApr 1973
42-30110325154,355 ftJul 1966Yes

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 2022230104.226.84$2,397
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 2021119060.362.76$7,183
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 2020164034.901.69$5,724
May 2020178016.921.81$3,012
Apr 2020186014.751.80$2,744
Mar 2020173030.341.86$5,249
Feb 2020186049.881.98$9,278
Jan 20200057.252.09$0
Dec 2019195059.012.30$11,507
Nov 2019197055.302.75$10,894
Oct 20190053.472.42$0
Sep 2019383055.052.66$21,084
Aug 20190053.112.30$0
Jul 201913056.272.46$732
Jun 20190052.782.49$0
May 2019197058.482.74$11,521
Apr 20190062.632.75$0
Mar 2019369056.803.06$20,959
Feb 20190050.852.79$0
Jan 2019193046.033.23$8,884
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 2018202061.443.40$12,411
Sep 20180059.543.11$0
Aug 2018199059.403.07$11,821
Jul 2018393065.142.93$25,600
Jun 2018369060.183.08$22,206
May 2018197065.382.90$12,880
Apr 2018394063.842.90$25,153
Mar 2018177061.222.79$10,836
Feb 2018402061.782.77$24,836
Jan 20180062.874.01$0
Dec 2017200057.272.92$11,454
Nov 2017602055.423.12$33,363
Oct 2017385049.292.98$18,977
Sep 2017187047.523.09$8,886
Aug 2017396045.373.00$17,967
Jul 2017199043.873.09$8,730
Jun 2017380042.493.09$16,146
May 2017396045.373.26$17,967
Apr 2017391047.933.21$18,741
Mar 2017198046.772.98$9,260
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 2016195046.193.09$9,007
Sep 20160041.553.10$0
Aug 2016197041.442.92$8,164
Jul 2016203041.622.92$8,449
Jun 20160045.352.69$0
May 2016194042.521.99$8,249
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 201473070.464.25$5,144
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 20140097.406.19$0
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 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20131838294.834.15$17,694
Apr 2013010493.964.28$445
Mar 201317911093.623.91$17,188
Feb 201308691.233.42$294
Jan 2013040891.603.42$1,395
Dec 20121676986.773.42$14,727
Nov 201208686.953.62$312
Oct 201208889.383.40$299
Sep 2012011394.672.92$330
Aug 201216811692.662.91$15,904
Jul 2012013385.133.02$402
Jun 201218513679.822.52$15,109
May 2012015791.612.49$391
Apr 2012085101.652.00$170
Mar 201218085105.052.22$19,098
Feb 20120108101.102.57$278
Jan 2012010098.092.73$273
Dec 201106996.873.24$224
Nov 20111959595.723.31$18,980
Oct 2011011684.983.65$423
Sep 201106983.623.99$275
Aug 201109583.404.15$394
Jul 20111699794.144.52$16,348
Jun 201106192.904.64$283
May 201107498.134.40$326
Apr 201116189105.964.33$17,445
Mar 201109596.364.06$385
Feb 20111778585.644.18$15,514
Jan 2011011486.504.59$523
Dec 201006285.734.35$270
Nov 201007280.843.80$273
Oct 20101269478.103.51$10,170
Sep 2010011072.633.98$438
Aug 2010718673.684.42$5,611
Jul 20101799272.554.74$13,422
Jun 201009470.364.91$462
May 2010010271.124.24$432
Apr 20101617281.694.12$13,449
Mar 2010013278.394.39$579
Feb 20101598873.585.44$12,178
Jan 201008274.365.96$489
Dec 2009010071.445.48$548
Nov 2009014274.593.75$533
Oct 200911719372.544.11$9,280
Sep 2009017565.543.06$536
Aug 200917614067.423.22$12,317
Jul 200917913361.133.46$11,403
Jun 2009014966.163.90$580
May 2009013954.743.93$546
Apr 200918716546.773.59$9,338
Mar 2009016342.144.06$662
Feb 2009013032.814.63$602
Jan 2009017435.865.37$935
Dec 2008018237.105.98$1,088
Nov 200815817755.496.86$9,982
Oct 2008018475.246.92$1,274
Sep 20080112101.767.88$882
Aug 20080154114.228.48$1,306
Jul 20089517131.0811.39$12,646
Jun 20089457131.3313.03$13,088
May 200816950123.1711.57$21,394
Apr 20088870110.3110.45$10,439
Mar 2008067101.909.66$647
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 2002179026.914.85$4,817
Nov 2002139024.664.14$3,428
Oct 20020026.464.23$0
Sep 2002149027.443.64$4,089
Aug 20020025.963.16$0
Jul 2002149024.583.06$3,662
Jun 20020023.733.34$0
May 2002180024.663.58$4,439
Apr 20020023.653.51$0
Mar 2002163022.003.10$3,586
Feb 20020018.222.38$0
Jan 2002173017.172.38$2,970
Dec 2001174016.932.36$2,946
Nov 20010018.072.41$0
Oct 2001146019.782.53$2,888
Sep 2001174024.262.25$4,221
Aug 20010024.873.05$0
Jul 2001164023.933.20$3,925
Jun 20010024.563.82$0
May 2001155025.524.31$3,956
Apr 20010024.685.34$0
Mar 2001135024.545.38$3,313
Feb 20010027.755.77$0
Jan 2001100027.478.40$2,747
Dec 2000112026.889.12$3,011
Nov 2000124032.215.66$3,994
Oct 2000139031.235.15$4,341
Sep 20000031.875.19$0
Aug 2000112029.644.54$3,320
Jul 2000154028.534.09$4,394
Jun 20000029.304.40$0
May 2000151027.263.68$4,116
Apr 20000024.513.12$0
Mar 2000110028.422.86$3,126
Feb 2000154027.622.73$4,253
Jan 2000154025.272.48$3,892
Dec 19990024.282.42$0
Nov 1999151023.192.43$3,502
Oct 1999166020.982.80$3,483
Sep 19990021.752.62$0
Aug 1999134019.262.88$2,581
Jul 1999134017.892.37$2,397
Jun 19990015.942.36$0
May 1999193015.792.32$3,047
Apr 19990015.102.21$0
Mar 1999370012.471.84$4,614
Feb 1999009.981.82$0
Jan 1999352010.381.90$3,654
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19981814512.592.08$2,373
Aug 199804011.301.91$76
Jul 19983744611.742.24$4,494
Jun 199806711.242.24$150
May 199805912.622.21$130
Apr 1998391013.042.51$5,099
Mar 199805812.802.31$134
Feb 199806613.952.30$152
Jan 19981334514.702.15$2,052
Dec 19971634116.322.41$2,759
Nov 19971706218.193.09$3,284
Oct 19971786119.253.15$3,619
Sep 19971733817.742.95$3,181
Aug 19971716317.862.55$3,215
Jul 19971664817.582.25$3,026
Jun 19971693517.242.26$2,993
May 199705518.972.31$127
Apr 19971776217.882.08$3,294
Mar 19971757718.951.94$3,466
Feb 1997935720.492.21$2,031
Jan 19971746223.483.54$4,305
Dec 19961236423.32$2,868
Nov 19961748321.97$3,823
Oct 19961715623.31$3,986
Sep 19961686922.22$3,733
Aug 19961606220.26$3,242
Jul 1996479319.55$919
Jun 19961589318.73$2,959
May 19961025919.43$1,982
Apr 19961483621.51$3,183
Mar 19961396219.38$2,694
Feb 19961727716.98$2,921
Jan 19961979117.07$3,363
Dec 199516310917.19$2,802
Nov 19951839616.00$2,928
Oct 199517611615.43$2,716
Sep 199518512316.18$2,993
Aug 199515211415.92$2,420
Jul 19951769815.24$2,682
Jun 19951727716.41$2,823
May 19951422217.56$2,494
Apr 19951695417.73$2,996
Mar 19951419716.44$2,318
Feb 19951308216.58$2,155
Jan 19951757515.92$2,786
Dec 19941658415.03$2,480
Nov 199414810115.90$2,353
Oct 199417111915.58$2,664
Sep 199414713315.29$2,248
Aug 199417614416.13$2,839
Jul 199416813517.56$2,950
Jun 199417613217.09$3,008
May 199417413215.88$2,763
Apr 199417311914.14$2,446
Mar 199419612212.46$2,442
Feb 199416811012.50$2,100
Jan 199420912412.66$2,646
Dec 199314110812.33$1,739
Nov 19931599214.49$2,304
Oct 19931389215.85$2,187
Sep 199316810215.03$2,525
Aug 199335612815.66$5,575
Jul 1993011715.46$0
Jun 199321112316.79$3,543
May 199320411217.68$3,607
Apr 199309118.05$0
Mar 199319214218.14$3,483
Feb 199320927017.90$3,741
Jan 1993012716.93$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.

Apr 2022 — as filed, then multipliedworked
Oil                   23 bbl  × $104.22 =     $2,397
Casinghead gas         0 Mcf  × $  6.84 =         $0

────────────────────────────────────────────────────
Month total                                   $2,397

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/7993 is the state's own key, not one this site invented.