LEA, P.J. ET AL

Operated by RING ENERGY, INC. (P-5 712382) in the LEA (TUBB) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 8857District 08Field 52624900Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$52.1 M
Jan 1993 – Feb 2024
Value, last 12 filed months
$898 k
at the published price for each month
Months reported
374
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 8 leases and 32 wells, and the rule below applies to all of them.

Discovered
1955-05-04
as the register files it
Field class
Oil
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2000-08-01.

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: CONSOLIDATED INTO THE LEA (CONSOLIDATED) FIELD ON 11-15-2023

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
NGPA12none

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
OilDisposition859,983 bbl$45,638,162
Casinghead gasProduction1,657,781 Mcf$6,468,352
Total$52,106,515

272,219 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 (23)

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 31.4140, -102.5434. A lease has no coordinate of its own — that point is the mean of its wells, and they span 2.0 miles.

31.41044, -102.54156 · 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
100.0%
23 of 23 wells
With a plug date
13.0%
3 of 23 wells
Median depth
4,750 ft
23 wells filed one
Completion to plug
14.3 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
23100.0%
A plug date is filed
313.0%
BothOn the schedule and plugged. Neither fact cancels the other.
313.0%
NeitherNo plug date, and not on the schedule.
00.0%

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, 23 of 23 wells. Median 4,750 ft, with the middle half between 4,576 and 4,794 ft; the shallowest is 3,650 ft and the deepest 8,359 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, 22 of 23 wells, Dec 1983 – Dec 2025. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Dec 1983 – Dec 2025
22 of 23 wells; 1 filed none
Plug dates filed
Oct 1979 – Sep 2017
3 of 23 wells; 20 filed none

Last completion to plug: a median of 14.3 years across the 2 wells that filed both dates, with the middle half between 11.3 years and 17.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

23 wells

42-10300233164,610 ftOct 1979Yes
42-103335061854,800 ftDec 2025Yes
42-103324761183,650 ftMay 2025Yes
42-103323181104,500 ftMar 2022Yes
42-103320741054,750 ftMar 2022Yes
42-1030021578,339 ftNov 2021Yes
42-103347592294,788 ftOct 2021Yes
42-10300224135,092 ftMay 2021Yes
42-1030022224,365 ftMay 2021Yes
42-10336012231H4,205 ftMay 2021Yes
42-103335131794,800 ftMay 2021Yes
42-103323171094,750 ftApr 2021Yes
42-103328491334,775 ftMar 2021Yes
42-103324971194,740 ftMar 2021Yes
42-103328261324,767 ftMar 2021Yes
42-10336069233H4,508 ftJan 2014Yes
42-10336065232H4,541 ftApr 2013Yes
42-103322061084,750 ftJul 2006Nov 2014Yes
42-10300245194,750 ftJul 2004Yes
42-10300241244,610 ftAug 2003Yes
42-103328311144,750 ftJul 1997Sep 2017Yes
42-103335071834,799 ftSep 1984Yes
42-1030023638,359 ftDec 1983Yes

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 (374)

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

374 months

Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20239893,56677.892.81$87,045
Oct 20238243,75785.443.09$82,001
Sep 20231,0173,93689.042.74$101,319
Aug 20231,3045,12180.522.67$118,686
Jul 20231,2804,49274.852.64$107,675
Jun 20231,5904,33968.962.26$119,446
May 20231,6724,32470.622.23$127,708
Apr 20231,6343,56678.122.24$135,628
Mar 20231293,64972.852.39$18,130
Feb 20231,6124,09575.112.47$131,174
Jan 20231,2483,53076.533.39$107,468
Dec 20221,2133,81576.415.73$114,542
Nov 20221,2554,17085.005.65$130,220
Oct 20221,6154,45487.185.86$166,913
Sep 20221,7404,53784.888.16$184,730
Aug 20221,5424,41594.529.13$186,046
Jul 20221,6384,417101.587.54$199,701
Jun 20221,8057,023115.097.98$263,761
May 20222,0757,158109.378.43$287,306
Apr 20221,8394,303104.226.84$221,083
Mar 20222,6535,077108.885.08$314,632
Feb 20222,8934,48791.054.86$285,209
Jan 20223,1543,95681.844.54$276,074
Dec 20214,4536,10271.323.90$341,380
Nov 20213,5314,21177.435.24$295,458
Oct 20211,7013,37279.795.71$154,990
Sep 20211,8823,41969.865.35$149,771
Aug 20211,9356,26966.024.22$154,208
Jul 20211,2637,96570.783.98$121,112
Jun 20212,3027,17869.493.38$184,232
May 20211,7223,11663.483.02$118,716
Apr 20211,7912,41660.362.76$114,769
Mar 20211,2911,11461.302.72$82,165
Feb 20211,2932,27557.805.55$87,357
Jan 20211,3802,05850.412.81$75,349
Dec 20201,5302,01644.642.68$73,693
Nov 20201,7781,87938.772.71$74,019
Oct 20201,8561,94636.972.48$73,439
Sep 20201,5671,91237.091.99$61,927
Aug 20202,5683,49039.982.39$110,993
Jul 20202,6023,89538.371.83$106,948
Jun 20202,9623,16834.901.69$108,729
May 2020032816.921.81$595
Apr 20202,2973,72514.751.80$40,602
Mar 20203,0244,39130.341.86$99,899
Feb 20202,1092,64149.881.98$110,428
Jan 20202,2693,43957.252.09$137,104
Dec 20192,2593,87859.012.30$142,240
Nov 20192,1733,75155.302.75$130,485
Oct 20192,0381,71353.472.42$113,115
Sep 20191,7552,44555.052.66$103,110
Aug 20192,1422,85153.112.30$120,331
Jul 20192,0522,99556.272.46$122,834
Jun 20191,7323,42952.782.49$99,957
May 20191,9683,68258.482.74$125,179
Apr 20192,0673,86362.632.75$140,082
Mar 20191,8833,89956.803.06$118,894
Feb 20191,8854,25050.852.79$107,719
Jan 20191,9834,28146.033.23$105,097
Dec 20181,9393,76446.594.19$106,092
Nov 20181,2061,86152.934.24$71,719
Oct 20181,39792161.443.40$88,961
Sep 20181,4661559.543.11$87,332
Aug 20182,09111359.403.07$124,552
Jul 2018037665.142.93$1,102
Jun 2018020960.183.08$643
May 2018028565.382.90$827
Apr 20180063.842.90$0
Mar 2018045061.222.79$1,254
Feb 20180061.782.77$0
Jan 201836641862.874.01$24,686
Dec 20170057.272.92$0
Nov 2017022455.423.12$699
Oct 201709549.292.98$283
Sep 201725365847.523.09$14,054
Aug 201728131745.373.00$13,701
Jul 20171,4724,59743.873.09$78,769
Jun 20172,2886,70042.493.09$117,902
May 20171,7406,29645.373.26$99,490
Apr 20172,0524,82547.933.21$113,848
Mar 20171,6923,62446.772.98$89,948
Feb 20171,4243,39750.452.95$81,871
Jan 20171,6594,08749.413.42$95,944
Dec 20162,6245,49748.763.72$148,411
Nov 20162,8256,30942.492.64$136,717
Oct 20162,1716,61646.193.09$120,724
Sep 20162,4605,19741.553.10$118,327
Aug 20162,8546,50141.442.92$137,281
Jul 20162,7726,12241.622.92$133,273
Jun 20162,5565,75645.352.69$131,374
May 20162,5384,59142.521.99$117,057
Apr 20162,6515,40736.561.99$107,686
Mar 20163,2126,72133.011.79$118,086
Feb 20162,5935,58926.472.06$80,170
Jan 20162,9845,47427.352.36$94,555
Dec 20153,5157,18132.362.00$128,118
Nov 20153,37013,26538.792.17$159,472
Oct 20153,40713,16243.552.43$180,314
Sep 20153,70710,92042.992.76$189,486
Aug 20154,16112,12140.162.87$201,923
Jul 20154,46614,32248.152.95$257,217
Jun 20154,61414,10156.152.88$299,727
May 20153,90414,87555.212.96$259,502
Apr 20154,31912,05849.822.71$247,808
Mar 20154,37615,84242.892.93$234,178
Feb 20153,89413,77144.662.98$214,891
Jan 20154,72814,14343.433.10$249,189
Dec 20145,92815,98954.693.59$381,625
Nov 20145,80717,05070.464.25$481,655
Oct 20144,50114,45978.303.90$408,832
Sep 20145,88121,03686.164.05$591,807
Aug 20149,41322,45789.394.04$932,045
Jul 20148,76320,29596.564.18$930,980
Jun 20148,84116,35298.164.74$945,290
May 201411,75923,10094.734.73$1,223,114
Apr 201410,31118,18395.944.81$1,076,682
Mar 201415,08316,44095.895.06$1,529,443
Feb 201413,22114,30897.406.19$1,376,321
Jan 20147,3175,65990.404.86$688,964
Dec 20133,8054,31491.824.35$368,160
Nov 20134,1624,79688.853.74$387,722
Oct 20134,5865,41697.423.78$467,237
Sep 20134,2205,319104.113.72$459,119
Aug 20135,7296,143104.253.52$618,888
Jul 20137,5616,713102.523.72$800,111
Jun 20137,5598,60094.403.93$747,397
May 20139,7928,85494.834.15$965,311
Apr 20133,0442,06093.964.28$294,836
Mar 20131,0621,91793.623.91$106,925
Feb 20137221,80391.233.42$72,034
Jan 20131,9081,90091.603.42$181,271
Dec 20121,2721,38486.773.42$115,105
Nov 20121,4591,62786.953.62$132,758
Oct 20121,2092,20989.383.40$115,570
Sep 20121,3812,24994.672.92$137,303
Aug 20121,7523,22792.662.91$171,725
Jul 20121,5793,63285.133.02$145,392
Jun 20121,2411,89279.822.52$103,823
May 20121,1601,65491.612.49$110,383
Apr 20121,2201,994101.652.00$127,995
Mar 20121,3752,806105.052.22$150,679
Feb 20121,0532,257101.102.57$112,259
Jan 20121,5582,26498.092.73$159,014
Dec 20111,3522,07996.873.24$137,704
Nov 20111,4042,17995.723.31$141,606
Oct 20111,2922,15884.983.65$117,668
Sep 20111,2972,21583.623.99$117,284
Aug 20111,4192,52783.404.15$128,830
Jul 20111,4332,51194.144.52$146,245
Jun 20111,3342,51892.904.64$135,612
May 20111,4192,45398.134.40$150,051
Apr 20111,5322,652105.964.33$173,823
Mar 20111,6752,83496.364.06$172,902
Feb 20111,1481,97885.644.18$106,583
Jan 20111,6222,35386.504.59$151,100
Dec 20101,6442,34185.734.35$151,118
Nov 20101,6402,64080.843.80$142,597
Oct 20102,0712,94678.103.51$172,082
Sep 20102,062072.633.98$149,763
Aug 20101,8553,30773.684.42$151,291
Jul 20101,6193,36672.554.74$133,401
Jun 20101,5912,76570.364.91$125,520
May 20101,5623,39271.124.24$125,455
Apr 20101,2262,87581.694.12$112,005
Mar 20101,4212,94278.394.39$124,304
Feb 20101,2182,51773.585.44$103,319
Jan 20101,3442,70274.365.96$116,055
Dec 20091,5393,12971.445.48$127,105
Nov 20091,5493,66874.593.75$129,300
Oct 20091,3153,81472.544.11$111,067
Sep 20091,3653,34365.543.06$99,708
Aug 20091,4083,56567.423.22$106,401
Jul 20091,4633,61861.133.46$101,968
Jun 20091,3703,13366.163.90$102,842
May 20091,4923,26154.743.93$94,474
Apr 20091,3603,27246.773.59$75,346
Mar 20091,6603,83142.144.06$85,502
Feb 20091,5572,89432.814.63$64,493
Jan 20091,6093,91535.865.37$78,726
Dec 20081,7954,13537.105.98$91,310
Nov 20081,8584,06455.496.86$130,981
Oct 20082,1144,64675.246.92$191,217
Sep 20081,8784,390101.767.88$225,686
Aug 20081,8494,587114.228.48$250,104
Jul 20081,9474,164131.0811.39$302,638
Jun 20082,3954,966131.3313.03$379,255
May 20082,7645,685123.1711.57$406,242
Apr 20081,9194,596110.3110.45$259,735
Mar 20082,0245,145101.909.66$255,967
Feb 20081,9974,84792.538.77$227,293
Jan 20081,8585,13590.388.21$210,062
Dec 20072,0325,09588.337.30$216,690
Nov 20071,8985,22591.677.29$212,089
Oct 20071,9895,89582.856.92$205,594
Sep 20071,8645,83475.846.24$177,794
Aug 20071,9516,79369.066.39$178,129
Jul 20072,0576,29470.906.39$186,047
Jun 20071,5663,50862.007.55$123,572
May 20071,7874,91658.747.85$143,541
Apr 20071,6444,63759.617.81$134,192
Mar 20071,6794,75656.927.30$130,297
Feb 20071,8604,80755.108.22$141,980
Jan 20071,9524,41650.306.73$127,891
Dec 20062,0094,65556.656.92$146,015
Nov 20061,9875,07154.207.62$146,324
Oct 20062,0635,52354.906.01$146,473
Sep 20062,0075,92160.085.04$150,406
Aug 20061,9705,00868.717.34$172,117
Jul 20062,0215,57669.376.34$175,564
Jun 20061,5314,92766.286.38$132,928
May 20061,6975,28166.016.42$145,949
Apr 20061,6615,10364.397.36$144,512
Mar 20062,0435,69256.707.08$156,154
Feb 20061,8704,76757.597.75$144,643
Jan 20062,1135,81560.598.93$179,974
Dec 20052,2095,80954.9413.42$199,293
Nov 20052,2475,56054.6910.59$181,760
Oct 20052,1296,71958.3413.80$216,900
Sep 20052,3166,54661.4512.08$221,387
Aug 20052,7457,09561.519.80$238,354
Jul 20052,5436,52755.697.84$192,815
Jun 20052,3096,51852.337.38$168,940
May 20052,4567,37445.226.65$160,106
Apr 20052,2257,04049.207.36$161,288
Mar 20052,5157,10050.377.15$177,480
Feb 20052,1286,18645.226.31$135,274
Jan 20052,3216,94343.166.32$144,069
Dec 20042,3586,73739.866.75$139,472
Nov 20042,1586,73045.286.33$140,318
Oct 20042,3767,39549.706.52$166,266
Sep 20042,3307,71943.245.28$141,536
Aug 20042,5959,31242.375.55$161,638
Jul 20042,2957,62838.286.08$134,263
Jun 20041,9395,25336.106.43$103,791
May 20042,1285,68837.486.49$116,699
Apr 20042,1925,35334.475.86$106,919
Mar 20042,3935,58434.365.53$113,104
Feb 20042,1954,54232.455.51$96,252
Jan 20042,4165,52132.036.30$112,165
Dec 20032,5346,25330.266.30$116,083
Nov 20032,5855,86028.804.60$101,376
Oct 20032,7337,05428.174.76$110,563
Sep 20032,3355,77226.314.75$88,847
Aug 20032,0343,46829.765.13$78,322
Jul 20031,6222,04529.415.17$58,277
Jun 20031,5072,47428.565.98$57,842
May 20031,5711,93626.595.97$53,336
Apr 20031,5221,92426.675.41$50,995
Mar 20031,5841,72731.146.10$59,854
Feb 20031,4181,55633.487.93$59,807
Jan 20031,7322,36330.315.58$65,687
Dec 20021,6672,47926.914.85$56,891
Nov 20021,6442,57424.664.14$51,190
Oct 20021,6702,94126.464.23$56,626
Sep 20021,7052,70427.443.64$56,615
Aug 20021,6962,33825.963.16$51,426
Jul 20021,3681,02924.583.06$36,776
Jun 20021,3051,16123.733.34$34,843
May 20021,2341,21224.663.58$34,774
Apr 20021,0821,17423.653.51$29,713
Mar 20021,4601,22222.003.10$35,912
Feb 20021,5551,60018.222.38$32,133
Jan 20021,5611,63317.172.38$30,682
Dec 20011,7951,73316.932.36$34,487
Nov 20011,7531,95718.072.41$36,384
Oct 2001159019.782.53$3,145
Sep 2001222024.262.25$5,386
Aug 2001229024.873.05$5,695
Jul 2001242023.933.20$5,791
Jun 2001262024.563.82$6,435
May 20011,9291,86525.524.31$57,261
Apr 20011,8161,57824.685.34$53,238
Mar 20011,8281,54224.545.38$53,150
Feb 20012,0081,56727.755.77$64,759
Jan 20012,0691,76627.478.40$71,668
Dec 20002,3661,80126.889.12$80,028
Nov 20002,2701,38532.215.66$80,953
Oct 20002,25773131.235.15$74,247
Sep 20001,1961,11331.875.19$43,889
Aug 20001,2911,04029.644.54$42,988
Jul 20001,2291,13128.534.09$39,689
Jun 20001,26798129.304.40$41,437
May 20001,26393827.263.68$37,881
Apr 20001,48295224.513.12$39,290
Mar 20001,75990528.422.86$52,579
Feb 20001,71891527.622.73$49,946
Jan 20001,81680125.272.48$47,877
Dec 19991,79083024.282.42$45,473
Nov 19991,75481523.192.43$42,659
Oct 19991,69888420.982.80$38,103
Sep 19991,62695621.752.62$37,869
Aug 19991,81899619.262.88$37,879
Jul 19991,8241,24717.892.37$35,590
Jun 19991,8091,15815.942.36$31,571
May 19991,8281,41515.792.32$32,148
Apr 19991,8901,33215.102.21$31,480
Mar 19991,7601,33512.471.84$24,401
Feb 19991,5141,9829.981.82$18,713
Jan 19991,8722,41310.381.90$24,016
Dec 19981,8492,6989.201.77$21,795
Nov 19981,9372,24610.892.19$26,003
Oct 19982,0322,37112.421.97$29,906
Sep 19981,9332,01612.592.08$28,535
Aug 19982,0602,22911.301.91$27,529
Jul 19981,6781,31511.742.24$22,642
Jun 19981,5999411.242.24$18,183
May 19982,4012,01312.622.21$34,742
Apr 19982,3921,51813.042.51$34,995
Mar 19982,5041,49512.802.31$35,504
Feb 19982,2692,39313.952.30$37,154
Jan 19982,7142,69614.702.15$45,705
Dec 19972,2882,32216.322.41$42,939
Nov 19972,3281,93418.193.09$48,319
Oct 19972,4403,01819.253.15$56,476
Sep 19972,2262,69917.742.95$47,464
Aug 19972,1833,13017.862.55$46,985
Jul 19972,0472,67517.582.25$41,997
Jun 19972,2292,16217.242.26$43,308
May 19972,3183,46118.972.31$51,962
Apr 19972,5962,46017.882.08$51,540
Mar 19972,5512,41318.951.94$53,021
Feb 19972,3392,07920.492.21$52,512
Jan 19972,6814,43523.483.54$78,648
Dec 19962,7033,97523.32$63,034
Nov 19962,5633,09421.97$56,309
Oct 19962,6863,93323.31$62,611
Sep 19962,5363,63122.22$56,350
Aug 19961642,97820.26$3,323
Jul 19962,3115,13319.55$45,180
Jun 19962,5795,89818.73$48,305
May 19962,6585,97719.43$51,645
Apr 19962,5116,19121.51$54,012
Mar 19962,6305,16219.38$50,969
Feb 19962,5944,89416.98$44,046
Jan 19962,6735,27517.07$45,628
Dec 19952,8475,21917.19$48,940
Nov 19952,6354,81516.00$42,160
Oct 19952,6795,31215.43$41,337
Sep 19952,5915,14116.18$41,922
Aug 19952,8246,08715.92$44,958
Jul 19952,3796,19315.24$36,256
Jun 19952,9756,09616.41$48,820
May 19953,1805,86617.56$55,841
Apr 19952,8165,77517.73$49,928
Mar 19952,8866,01716.44$47,446
Feb 19952,9155,63616.58$48,331
Jan 19953,3946,12815.92$54,032
Dec 19943,5925,99215.03$53,988
Nov 19942,9807,03515.90$47,382
Oct 19943,0146,87615.58$46,958
Sep 19943,2137,35815.29$49,127
Aug 19944,1669,31216.13$67,198
Jul 19943,5248,10317.56$61,881
Jun 19942,8165,25817.09$48,125
May 19942,8295,17615.88$44,925
Apr 19943,1025,15314.14$43,862
Mar 19943,3985,84112.46$42,339
Feb 19942,9014,86112.50$36,263
Jan 19943,3485,16412.66$42,386
Dec 19933,1275,23412.33$38,556
Nov 19933,4325,19614.49$49,730
Oct 19933,3565,81015.85$53,193
Sep 19933,6785,83115.03$55,280
Aug 19932,7156,51515.66$42,517
Jul 19933,0666,18815.46$47,400
Jun 19932,9726,28616.79$49,900
May 19933,2576,40217.68$57,584
Apr 19933,4385,57418.05$62,056
Mar 19933,8985,88818.14$70,710
Feb 19933,6055,55717.90$64,530
Jan 19933,6417,18316.93$61,642

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.

Nov 2023 — as filed, then multipliedworked
Oil                  989 bbl  × $ 77.89 =    $77,033
Casinghead gas     3,566 Mcf  × $  2.81 =    $10,012

────────────────────────────────────────────────────
Month total                                  $87,045

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/8857 is the state's own key, not one this site invented.