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 251649District 09Field 65280200CondensateGasSave
Value, all time
$2.2 M
Mar 2009 – May 2026
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
207
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
CondensateDisposition4,618 bbl$301,440
GasProduction518,121 Mcf$1,926,233
Total$2,227,673

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 33.2340, -97.2541. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.23399, -97.25414 · 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%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
8,833 ft
1 wells filed one
Completion to plug
15.1 years
median over 1 wells

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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

The one well that filed a depth was drilled to 8,833 ft.

Completions filed
Mar 2009
1 of 1 wells
Plug dates filed
Apr 2024
1 of 1 wells

Last completion to plug: a median of 15.1 years across the 1 well that filed both dates, with the middle half between 15.1 years and 15.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-1213356888,833 ftMar 2009Apr 2024Yes

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 (207)

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

207 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 202632089.753.15$2,872
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 202401,23584.451.66$2,049
Mar 202401,67780.301.55$2,591
Feb 202401,37876.091.78$2,458
Jan 202401,82773.023.30$6,025
Dec 202301,71171.262.61$4,467
Nov 202301,61977.892.81$4,545
Oct 202301,64085.443.09$5,063
Sep 202301,60289.042.74$4,382
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 202301,66878.122.24$3,733
Mar 202301,70972.852.39$4,090
Feb 202301,49775.112.47$3,691
Jan 202302,21376.533.39$7,497
Dec 202201,95276.415.73$11,183
Nov 202201,58985.005.65$8,972
Oct 202201,74587.185.86$10,232
Sep 202201,47784.888.16$12,058
Aug 202201,58894.529.13$14,494
Jul 202201,683101.587.54$12,693
Jun 202201,445115.097.98$11,527
May 202201,728109.378.43$14,572
Apr 202201,423104.226.84$9,730
Mar 202201,153108.885.08$5,853
Feb 202201,05991.054.86$5,146
Jan 202201,36281.844.54$6,180
Dec 202102,14471.323.90$8,360
Nov 202101,12777.435.24$5,902
Oct 202101,26579.795.71$7,228
Sep 2021063969.865.35$3,419
Aug 202101,10966.024.22$4,681
Jul 202101,37070.783.98$5,455
Jun 202101,23769.493.38$4,182
May 202101,04463.483.02$3,150
Apr 2021077360.362.76$2,132
Mar 202101,96761.302.72$5,344
Feb 2021082057.805.55$4,549
Jan 2021091250.412.81$2,563
Dec 202001,05544.642.68$2,823
Nov 202001,42838.772.71$3,865
Oct 202001,59136.972.48$3,943
Sep 202002,27537.091.99$4,530
Aug 202001,48539.982.39$3,542
Jul 202001,49238.371.83$2,723
Jun 2020371,23334.901.69$3,375
May 202001,11316.921.81$2,020
Apr 2020066314.751.80$1,196
Mar 2020074030.341.86$1,374
Feb 202001,22549.881.98$2,426
Jan 202001,32457.252.09$2,773
Dec 2019231,32359.012.30$4,406
Nov 201901,25555.302.75$3,452
Oct 201901,80953.472.42$4,375
Sep 201901,75355.052.66$4,658
Aug 201901,87853.112.30$4,328
Jul 201901,76656.272.46$4,344
Jun 201901,66052.782.49$4,135
May 201901,88158.482.74$5,155
Apr 201901,67462.632.75$4,605
Mar 201901,86256.803.06$5,702
Feb 201901,67750.852.79$4,683
Jan 201901,69846.033.23$5,481
Dec 2018291,74646.594.19$8,659
Nov 201801,75452.934.24$7,432
Oct 2018431,81261.443.40$8,799
Sep 201801,55159.543.11$4,821
Aug 201801,26459.403.07$3,876
Jul 201801,37965.142.93$4,043
Jun 201801,45760.183.08$4,483
May 201801,66465.382.90$4,827
Apr 2018121,51863.842.90$5,169
Mar 201801,69561.222.79$4,724
Feb 201801,76761.782.77$4,888
Jan 201801,99062.874.01$7,979
Dec 201701,83657.272.92$5,364
Nov 201701,58955.423.12$4,955
Oct 20171131,25949.292.98$9,326
Sep 201701,39747.523.09$4,313
Aug 201701,41745.373.00$4,257
Jul 201701,36643.873.09$4,217
Jun 201701,27742.493.09$3,942
May 201701,35645.373.26$4,425
Apr 201701,38747.933.21$4,454
Mar 201701,58446.772.98$4,726
Feb 201701,68950.452.95$4,987
Jan 201701,90749.413.42$6,520
Dec 201601,75148.763.72$6,519
Nov 201601,94342.492.64$5,138
Oct 201601,85046.193.09$5,717
Sep 201601,69641.553.10$5,259
Aug 201601,68641.442.92$4,930
Jul 201601,50041.622.92$4,387
Jun 201601,43945.352.69$3,865
May 201601,53442.521.99$3,054
Apr 201601,26936.561.99$2,527
Mar 201601,55633.011.79$2,791
Feb 201602,04026.472.06$4,210
Jan 201602,37027.352.36$5,604
Dec 201502,00132.362.00$4,005
Nov 201502,14938.792.17$4,658
Oct 201501,92043.552.43$4,659
Sep 201502,05242.992.76$5,660
Aug 201501,74240.162.87$5,004
Jul 201501,69648.152.95$4,995
Jun 201501,73456.152.88$4,999
May 201502,06555.212.96$6,103
Apr 201502,07349.822.71$5,611
Mar 201502,01042.892.93$5,899
Feb 201501,80144.662.98$5,360
Jan 201502,29043.433.10$7,100
Dec 20141772,22654.693.59$17,675
Nov 201402,17270.464.25$9,235
Oct 201402,24178.303.90$8,742
Sep 201402,47386.164.05$10,004
Aug 201402,36089.394.04$9,523
Jul 201402,47696.564.18$10,349
Jun 201402,28098.164.74$10,800
May 201402,35794.734.73$11,141
Apr 201402,37795.944.81$11,431
Mar 201402,36995.895.06$11,980
Feb 201402,07397.406.19$12,836
Jan 201402,36390.404.86$11,486
Dec 201302,31191.824.35$10,063
Nov 201302,37788.853.74$8,886
Oct 20131612,72497.423.78$25,980
Sep 201302,750104.113.72$10,224
Aug 201302,573104.253.52$9,064
Jul 201302,537102.523.72$9,432
Jun 201302,28194.403.93$8,972
May 201302,14794.834.15$8,908
Apr 201302,00893.964.28$8,599
Mar 201302,43293.623.91$9,516
Feb 201301,84791.233.42$6,317
Jan 201302,54691.603.42$8,707
Dec 201202,56186.773.42$8,759
Nov 20121672,56386.953.62$23,811
Oct 201202,86689.383.40$9,743
Sep 201203,37994.672.92$9,861
Aug 201203,37492.662.91$9,812
Jul 201203,49385.133.02$10,552
Jun 201203,27479.822.52$8,247
May 201203,36191.612.49$8,363
Apr 201203,346101.652.00$6,681
Mar 201202,501105.052.22$5,557
Feb 201203,484101.102.57$8,955
Jan 201203,81498.092.73$10,428
Dec 201103,75696.873.24$12,168
Nov 201103,80295.723.31$12,589
Oct 20111674,01384.983.65$28,833
Sep 201103,51083.623.99$13,990
Aug 201103,96983.404.15$16,469
Jul 201104,97194.144.52$22,455
Jun 201104,53692.904.64$21,047
May 201104,50598.134.40$19,844
Apr 201104,333105.964.33$18,776
Mar 20111754,61696.364.06$35,592
Feb 201103,85385.644.18$16,105
Jan 201104,54686.504.59$20,861
Dec 201004,87685.734.35$21,200
Nov 20101784,81080.843.80$32,645
Oct 201005,78078.103.51$20,281
Sep 201005,36272.633.98$21,338
Aug 201005,77473.684.42$25,517
Jul 20101756,11472.554.74$41,655
Jun 201005,63770.364.91$27,680
May 201006,86871.124.24$29,087
Apr 20101876,32381.694.12$41,344
Mar 20101817,31078.394.39$46,270
Feb 201007,68273.585.44$41,808
Jan 20101717,88474.365.96$59,736
Dec 20091677,66871.445.48$53,980
Nov 200908,31174.593.75$31,179
Oct 20091677,39572.544.11$42,509
Sep 20091788,69565.543.06$38,314
Aug 200918310,13567.423.22$44,957
Jul 200916411,74961.133.46$50,730
Jun 200919713,06766.163.90$63,929
May 200952117,20354.743.93$96,054
Apr 200966322,22346.773.59$110,734
Mar 200935015,76442.144.06$78,735

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.

Mar 2026 — as filed, then multipliedworked
Condensate            32 bbl  × $ 89.75 =     $2,872
Gas                    0 Mcf  × $  3.15 =         $0

────────────────────────────────────────────────────
Month total                                   $2,872

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/251649 is the state's own key, not one this site invented.