BUSBY

Operated by OLEUM PARTNERS, LLC (P-5 100287) 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 274764District 09Field 65280200NGPA filingCondensateGasSaveExport
Value, all time
$93 k
Aug 2013 – May 2026
Value, last 12 filed months
$4 k
at the published price for each month
Months reported
154
no gaps in the span
Streams
2
condensate, 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 21,881 leases and 22,468 wells, and the rule below applies to all of them.

Discovered
1981-10-15
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 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 2009-09-29.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

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
NGPA1none

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
CondensateDisposition194 bbl$9,779
GasProduction24,479 Mcf$83,134
Total$92,914

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 33.4675, -97.4285. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.46749, -97.42852 · 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
8,867 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 8,867 ft.

Completions filed
May 2008
1 of 1 wells

1 well

42-0973392518,867 ftMay 2008

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 (154)

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

154 months

May 2026081106.413.05$247
Apr 202607798.932.87$221
Mar 202607989.753.15$249
Feb 202606963.503.75$259
Jan 202607859.138.00$624
Dec 202508056.664.41$353
Nov 202508058.593.93$314
Oct 202508259.383.30$271
Sep 202508162.743.08$249
Aug 202508263.933.01$247
Jul 202508166.743.32$269
Jun 202507966.483.13$247
May 202509160.553.23$294
Apr 202507862.363.54$276
Mar 202508467.704.27$359
Feb 202507570.884.34$326
Jan 202509274.324.28$394
Dec 202403568.993.12$109
Nov 202405569.052.20$121
Oct 202407071.372.28$160
Sep 202407269.612.36$170
Aug 202408775.632.06$180
Jul 202408779.932.15$187
Jun 202409078.082.63$237
May 202409278.812.20$202
Apr 202409084.451.66$149
Mar 202409280.301.55$142
Feb 202408776.091.78$155
Jan 202408473.023.30$277
Dec 202308271.262.61$214
Nov 202305377.892.81$149
Oct 202304985.443.09$151
Sep 2023013489.042.74$367
Aug 202305680.522.67$150
Jul 202307474.852.64$195
Jun 202307768.962.26$174
May 202307370.622.23$163
Apr 202307878.122.24$175
Mar 202307672.852.39$182
Feb 202306775.112.47$165
Jan 202308176.533.39$274
Dec 202208376.415.73$476
Nov 202206885.005.65$384
Oct 202206987.185.86$405
Sep 202209384.888.16$759
Aug 202207594.529.13$685
Jul 2022085101.587.54$641
Jun 2022064115.097.98$511
May 2022053109.378.43$447
Apr 2022014104.226.84$96
Mar 202207108.885.08$36
Feb 20220791.054.86$34
Jan 20220681.844.54$27
Dec 20210871.323.90$31
Nov 202101877.435.24$94
Oct 202109379.795.71$531
Sep 202109669.865.35$514
Aug 202109366.024.22$393
Jul 2021010070.783.98$398
Jun 202108669.493.38$291
May 202105363.483.02$160
Apr 202106560.362.76$179
Mar 202104761.302.72$128
Feb 202102957.805.55$161
Jan 202103350.412.81$93
Dec 202003644.642.68$96
Nov 202005638.772.71$152
Oct 2020326136.972.48$1,334
Sep 202006437.091.99$127
Aug 202008839.982.39$210
Jul 2020208938.371.83$930
Jun 202006134.901.69$103
May 20200416.921.81$7
Apr 202005514.751.80$99
Mar 202005530.341.86$102
Feb 202004749.881.98$93
Jan 202005757.252.09$119
Dec 201904159.012.30$94
Nov 201903755.302.75$102
Oct 201907053.472.42$169
Sep 2019010655.052.66$282
Aug 2019012353.112.30$283
Jul 20194513656.272.46$2,867
Jun 2019012652.782.49$314
May 2019013658.482.74$373
Apr 2019013962.632.75$382
Mar 2019013356.803.06$407
Feb 2019011950.852.79$332
Jan 2019013346.033.23$429
Dec 2018014646.594.19$611
Nov 2018016852.934.24$712
Oct 2018018061.443.40$612
Sep 2018017159.543.11$531
Aug 2018017659.403.07$540
Jul 2018017065.142.93$498
Jun 2018013560.183.08$415
May 20182715665.382.90$2,218
Apr 2018013763.842.90$397
Mar 2018014161.222.79$393
Feb 2018017361.782.77$479
Jan 2018013362.874.01$533
Dec 2017017357.272.92$505
Nov 2017017955.423.12$558
Oct 2017019549.292.98$582
Sep 2017018647.523.09$574
Aug 20170045.373.00$0
Jul 2017018643.873.09$574
Jun 2017065442.493.09$2,019
May 2017022345.373.26$728
Apr 2017021247.933.21$681
Mar 2017022646.772.98$674
Feb 20177021150.452.95$4,155
Jan 2017025749.413.42$879
Dec 2016023648.763.72$879
Nov 2016024042.492.64$635
Oct 20160046.193.09$0
Sep 2016021341.553.10$660
Aug 2016028941.442.92$845
Jul 2016030741.622.92$898
Jun 2016033545.352.69$900
May 2016011442.521.99$227
Apr 2016026536.561.99$528
Mar 2016024133.011.79$432
Feb 2016021626.472.06$446
Jan 2016029527.352.36$697
Dec 2015031632.362.00$632
Nov 2015031038.792.17$672
Oct 2015032743.552.43$793
Sep 2015031642.992.76$872
Aug 2015027840.162.87$799
Jul 2015034148.152.95$1,004
Jun 2015038256.152.88$1,101
May 2015032155.212.96$949
Apr 2015031049.822.71$839
Mar 2015033242.892.93$974
Feb 2015042044.662.98$1,250
Jan 2015015943.433.10$493
Dec 2014034354.693.59$1,232
Nov 2014032870.464.25$1,395
Oct 2014035178.303.90$1,369
Sep 2014036386.164.05$1,468
Aug 2014036689.394.04$1,477
Jul 2014033396.564.18$1,392
Jun 2014032698.164.74$1,544
May 2014035394.734.73$1,668
Apr 2014036395.944.81$1,746
Mar 2014040795.895.06$2,058
Feb 2014033397.406.19$2,062
Jan 2014040890.404.86$1,983
Dec 2013043291.824.35$1,881
Nov 2013046288.853.74$1,727
Oct 2013052697.423.78$1,988
Sep 20130535104.113.72$1,989
Aug 20130572104.253.52$2,015

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                   81 Mcf  × $  3.05 =       $247

────────────────────────────────────────────────────
Month total                                     $247

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/274764 is the state's own key, not one this site invented.