OLEX U. S.

Operated by SPINDLETOP OIL & GAS COMPANY (P-5 809930) in the NEWARK, EAST (BARNETT SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 227877District 09Field 65280200CondensateGasSave
Value, all time
$5.0 M
Apr 2007 – May 2026
Value, last 12 filed months
$80 k
at the published price for each month
Months reported
230
no gaps in the span
Streams
2
condensate, gas

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
CondensateDisposition8,798 bbl$649,339
GasProduction853,187 Mcf$4,356,128
Total$5,005,466

Wells on this lease (1)

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 33.2341, -97.2511. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.23410, -97.25112 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
8,870 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
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

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

The one well that filed a depth was drilled to 8,870 ft.

Completions filed
Apr 2007
1 of 1 wells

1 well

42-1213299368,870 ftApr 2007

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 (230)

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

230 months

May 20260976106.413.05$2,973
Apr 2026048398.932.87$1,386
Mar 2026382,15589.753.15$10,198
Feb 202602,38963.503.75$8,960
Jan 202602,36559.138.00$18,915
Dec 202501,54056.664.41$6,797
Nov 202501,42458.593.93$5,591
Oct 202501,53559.383.30$5,073
Sep 202501,44762.743.08$4,452
Aug 202501,64463.933.01$4,956
Jul 202501,73766.743.32$5,759
Jun 202501,51366.483.13$4,734
May 202501,57060.553.23$5,075
Apr 202501,57962.363.54$5,595
Mar 202501,94567.704.27$8,302
Feb 202501,57970.884.34$6,854
Jan 202502,09074.324.28$8,942
Dec 202402,02668.993.12$6,324
Nov 202402,14669.052.20$4,718
Oct 202402,25571.372.28$5,145
Sep 202401,88669.612.36$4,459
Aug 202402,65275.632.06$5,473
Jul 2024055979.932.15$1,200
Jun 2024077878.082.63$2,049
May 202401,51678.812.20$3,333
Apr 202401,23684.451.66$2,051
Mar 202401,67780.301.55$2,591
Feb 202401,37776.091.78$2,456
Jan 202401,82773.023.30$6,025
Dec 202301,71171.262.61$4,467
Nov 202301,61977.892.81$4,545
Oct 202301,63985.443.09$5,060
Sep 202301,60389.042.74$4,384
Aug 202301,70480.522.67$4,555
Jul 202301,66274.852.64$4,391
Jun 202301,60168.962.26$3,616
May 202301,72370.622.23$3,838
Apr 202301,66978.122.24$3,735
Mar 202301,70972.852.39$4,090
Feb 202301,49775.112.47$3,691
Jan 202302,21276.533.39$7,494
Dec 202201,95276.415.73$11,183
Nov 202201,58985.005.65$8,972
Oct 202201,74687.185.86$10,238
Sep 202201,51484.888.16$12,360
Aug 202201,57494.529.13$14,366
Jul 202201,541101.587.54$11,622
Jun 202201,399115.097.98$11,160
May 202201,780109.378.43$15,011
Apr 202201,435104.226.84$9,812
Mar 202201,736108.885.08$8,813
Feb 202201,92091.054.86$9,329
Jan 202202,58481.844.54$11,725
Dec 202102,14571.323.90$8,364
Nov 202105,80277.435.24$30,384
Oct 202101,84379.795.71$10,531
Sep 202102,14969.865.35$11,499
Aug 202101,59166.024.22$6,715
Jul 202101,77970.783.98$7,084
Jun 202101,74669.493.38$5,903
May 202101,70663.483.02$5,148
Apr 202101,90060.362.76$5,241
Mar 202102,12461.302.72$5,771
Feb 202101,61157.805.55$8,938
Jan 202101,94750.412.81$5,472
Dec 202002,13344.642.68$5,707
Nov 202001,75938.772.71$4,761
Oct 202001,93136.972.48$4,786
Sep 202002,18537.091.99$4,350
Aug 202002,18739.982.39$5,216
Jul 202002,19738.371.83$4,010
Jun 2020452,40034.901.69$5,627
May 202002,40616.921.81$4,366
Apr 202002,45914.751.80$4,437
Mar 202001,84130.341.86$3,417
Feb 202001,70949.881.98$3,385
Jan 202001,82957.252.09$3,831
Dec 2019282,08059.012.30$6,445
Nov 201902,34655.302.75$6,453
Oct 201901,77453.472.42$4,290
Sep 201901,88455.052.66$5,006
Aug 201901,97153.112.30$4,542
Jul 201901,96956.272.46$4,844
Jun 201901,90152.782.49$4,736
May 201901,82958.482.74$5,012
Apr 201901,98062.632.75$5,446
Mar 201902,12556.803.06$6,507
Feb 201901,78550.852.79$4,984
Jan 201902,06646.033.23$6,669
Dec 2018512,03646.594.19$10,898
Nov 201802,00152.934.24$8,479
Oct 201802,11561.443.40$7,187
Sep 201802,05059.543.11$6,371
Aug 201802,12559.403.07$6,516
Jul 201802,11865.142.93$6,210
Jun 201801,92760.183.08$5,929
May 201801,76265.382.90$5,111
Apr 2018601,96063.842.90$9,516
Mar 201801,68661.222.79$4,699
Feb 201801,80961.782.77$5,004
Jan 201801,99162.874.01$7,983
Dec 201701,57557.272.92$4,601
Nov 201701,50855.423.12$4,702
Oct 2017631,40949.292.98$7,309
Sep 201702,09047.523.09$6,452
Aug 201702,16945.373.00$6,517
Jul 201702,24743.873.09$6,937
Jun 201702,21342.493.09$6,832
May 201702,39245.373.26$7,806
Apr 201702,30647.933.21$7,406
Mar 201702,15746.772.98$6,436
Feb 201702,52550.452.95$7,455
Jan 201702,56649.413.42$8,773
Dec 201602,87548.763.72$10,703
Nov 20161612,78242.492.64$14,197
Oct 201602,86646.193.09$8,857
Sep 201602,60141.553.10$8,065
Aug 201602,42741.442.92$7,097
Jul 201602,24041.622.92$6,551
Jun 20161782,24145.352.69$14,091
May 201602,41842.521.99$4,814
Apr 201602,45736.561.99$4,892
Mar 201602,41733.011.79$4,336
Feb 201602,70526.472.06$5,582
Jan 201602,78927.352.36$6,594
Dec 201502,68632.362.00$5,376
Nov 201502,92538.792.17$6,339
Oct 201502,59543.552.43$6,297
Sep 201502,23242.992.76$6,157
Aug 201502,31040.162.87$6,635
Jul 201502,30348.152.95$6,783
Jun 20151662,22756.152.88$15,741
May 201502,38455.212.96$7,046
Apr 201502,33049.822.71$6,306
Mar 201502,48442.892.93$7,290
Feb 201502,12744.662.98$6,330
Jan 201502,40143.433.10$7,445
Dec 20141742,61254.693.59$18,897
Nov 201402,36470.464.25$10,051
Oct 201402,64178.303.90$10,302
Sep 201402,42686.164.05$9,814
Aug 201402,51589.394.04$10,148
Jul 201402,58496.564.18$10,800
Jun 201402,52898.164.74$11,975
May 201402,52194.734.73$11,916
Apr 201402,53595.944.81$12,191
Mar 201402,69895.895.06$13,643
Feb 201402,46397.406.19$15,251
Jan 201402,83290.404.86$13,766
Dec 20131672,92891.824.35$28,084
Nov 201303,02988.853.74$11,323
Oct 201303,12897.423.78$11,822
Sep 201302,893104.113.72$10,755
Aug 201303,045104.253.52$10,726
Jul 201302,942102.523.72$10,938
Jun 201302,79694.403.93$10,998
May 201302,76294.834.15$11,460
Apr 201302,58193.964.28$11,053
Mar 20131262,57893.623.91$21,884
Feb 201302,12991.233.42$7,281
Jan 201303,12991.603.42$10,701
Dec 201203,37486.773.42$11,540
Nov 201203,15686.953.62$11,440
Oct 201203,27389.383.40$11,127
Sep 201203,14994.672.92$9,190
Aug 201203,14692.662.91$9,149
Jul 20121753,31585.133.02$24,912
Jun 201203,17079.822.52$7,985
May 201203,27391.612.49$8,144
Apr 201203,161101.652.00$6,312
Mar 201203,639105.052.22$8,086
Feb 20121703,358101.102.57$25,818
Jan 201204,01598.092.73$10,977
Dec 201104,13396.873.24$13,390
Nov 20111733,80595.723.31$29,159
Oct 201103,95284.983.65$14,419
Sep 201103,45783.623.99$13,779
Aug 201104,98083.404.15$20,664
Jul 201104,55094.144.52$20,553
Jun 20111634,38892.904.64$35,502
May 201104,12598.134.40$18,170
Apr 201104,107105.964.33$17,797
Mar 201104,55196.364.06$18,465
Feb 201103,51585.644.18$14,693
Jan 20111804,55586.504.59$36,472
Dec 201005,21885.734.35$22,687
Nov 201004,92680.843.80$18,696
Oct 20101835,09678.103.51$32,174
Sep 201004,24972.633.98$16,909
Aug 201005,31373.684.42$23,480
Jul 201005,44072.554.74$25,767
Jun 201005,18470.364.91$25,456
May 201005,55671.124.24$23,531
Apr 20101775,42181.694.12$36,808
Mar 201005,52178.394.39$24,230
Feb 20101694,92473.585.44$39,233
Jan 201005,88474.365.96$35,093
Dec 20091686,19171.445.48$45,952
Nov 200907,59474.593.75$28,489
Oct 200906,84772.544.11$28,143
Sep 20091765,91465.543.06$29,660
Aug 200905,08867.423.22$16,376
Jul 200906,32161.133.46$21,899
Jun 20091475,99566.163.90$33,076
May 200905,12754.743.93$20,127
Apr 200906,53546.773.59$23,444
Mar 20091705,43042.144.06$29,204
Feb 200905,50032.814.63$25,482
Jan 20091896,83135.865.37$43,467
Dec 200807,01637.105.98$41,936
Nov 20081856,76855.496.86$56,697
Oct 200807,65975.246.92$53,015
Sep 20081808,187101.767.88$82,807
Aug 200808,947114.228.48$75,898
Jul 20081778,906131.0811.39$124,635
Jun 200808,249131.3313.03$107,506
May 20081779,541123.1711.57$132,231
Apr 200818010,348110.3110.45$128,043
Mar 200818711,919101.909.66$134,241
Feb 2008010,40592.538.77$91,258
Jan 200837212,24190.388.21$134,068
Dec 2007012,98188.337.30$94,787
Nov 200737613,56291.677.29$133,358
Oct 200718515,24082.856.92$120,818
Sep 200718416,03675.846.24$114,086
Aug 200736919,52169.066.39$150,182
Jul 200755621,68770.906.39$177,956
Jun 200772229,19162.007.55$265,111
May 20071,45141,60958.747.85$411,708
Apr 200709,59059.617.81$74,852

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 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  976 Mcf  × $  3.05 =     $2,973

────────────────────────────────────────────────────
Month total                                   $2,973

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. 09/G/227877 is the state's own key, not one this site invented.