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PANHANDLE

Operated by R2Q OPERATING LLC (P-5 687719) in the CLAY COUNTY REGULAR field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 12027District 09Field 18707001OilCasinghead gasSaveExport
Value, all time
$1.3 M
Jan 1993 – May 2026
Value, last 12 filed months
$47 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
oil, casinghead gas

The CLAY COUNTY REGULAR field

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 615 leases and 2,793 wells, and the rule below applies to all of them.

Discovered
1902-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
—
no field rule filed
From a lease line
—
no field rule filed

The Commission's schedule remark for this field reads: “ENTITY FOR DENSITY APPROVED 3/17/98”

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
OilDisposition20,289 bbl$1,336,603
Casinghead gasProduction4 Mcf$0
Total$1,336,603

4 Mcf of this lease's gas, across 4 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 (43)

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 33.9749, -98.2177. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.1 miles.

33.97377, -98.22351 · 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
41.9%
18 of 43 wells
With a plug date
39.5%
17 of 43 wells
Median depth
886 ft
34 wells filed one
Completion to plug
37.7 years
median over 5 wells

What the state filed about each well

On the RRC proration schedule
1841.9%
A plug date is filed
1739.5%
BothOn the schedule and plugged. Neither fact cancels the other.
1739.5%
NeitherNo plug date, and not on the schedule.
2558.1%

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, 34 of 43 wells. Median 886 ft, with the middle half between 648 and 918 ft; the shallowest is 274 ft and the deepest 5,955 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, 21 of 43 wells, Mar 1961 – Mar 2023. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Mar 1961 – Mar 2023
21 of 43 wells; 22 filed none
Plug dates filed
Nov 2002 – Aug 2024
17 of 43 wells; 26 filed none

Last completion to plug: a median of 37.7 years across the 5 wells that filed both dates, with the middle half between 37.7 years and 39.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

43 wells

42-077038017652 ft—Nov 2002Yes
42-077038028646 ft—Nov 2002Yes
42-0770380410673 ft—Nov 2002Yes
42-0770380715701 ft—Nov 2002Yes
42-0770381222663 ft—Nov 2002Yes
42-077056882620 ft—Nov 2002Yes
42-077056893620 ft—Nov 2002Yes
42-077056915690 ft—Nov 2002Yes
42-0778142545,955 ft—Aug 2024Yes
42-0778143111———Yes
42-0778143212704 ft—Apr 2024Yes
42-0778143720274 ft—Aug 2022Yes
42-0778144225360 ft—Nov 2002Yes
42-0770381424————
42-0773443425P870 ft———
42-077814299————
42-0778143314————
42-0778143516————
42-0778143617————
42-0778143821————
42-0778144326————
42-0778144427————
42-0773357514 P950 ftMar 2023——
42-0773357713 P905 ftMay 2018——
42-0773469219 P640 ftOct 1996Jan 2019Yes
42-0778144529379 ftJun 1987——
42-0773357911 P900 ftMay 1985——
42-077335704 P900 ftMay 1985——
42-0773360317 P894 ftMay 1985——
42-0773357812 P878 ftMay 1985——
42-0773358010 P921 ftMay 1985——
42-077335819 P920 ftApr 1985——
42-077335828 P996 ftApr 1985——
42-077335715 P947 ftApr 1985——
42-0773360418 P900 ftApr 1985——
42-0773360522 P927 ftApr 1985——
42-0773359821 P912 ftDec 1984Aug 2022Yes
42-077335743 P906 ftDec 1984——
42-0773359920 P950 ftDec 1984Aug 2022Yes
42-077335726 P954 ftDec 1984——
42-0773359716 P895 ftNov 1984Aug 2024Yes
42-0770381323365 ftJan 1965——
42-077814221630 ftMar 1961Aug 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 (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 2026167089.753.15$14,988
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 2025172059.383.30$10,213
Sep 20250062.743.08$0
Aug 2025167063.933.01$10,676
Jul 20250066.743.32$0
Jun 2025168066.483.13$11,169
May 2025165060.553.23$9,991
Apr 20250062.363.54$0
Mar 2025156067.704.27$10,561
Feb 20250070.884.34$0
Jan 202597074.324.28$7,209
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 202480069.612.36$5,569
Aug 2024121075.632.06$9,151
Jul 2024122079.932.15$9,751
Jun 2024114078.082.63$8,901
May 2024109078.812.20$8,590
Apr 2024118084.451.66$9,965
Mar 2024111080.301.55$8,913
Feb 2024106076.091.78$8,066
Jan 2024125073.023.30$9,128
Dec 202383071.262.61$5,915
Nov 2023101077.892.81$7,867
Oct 202385085.443.09$7,262
Sep 2023126089.042.74$11,219
Aug 202391080.522.67$7,327
Jul 2023101074.852.64$7,560
Jun 2023173068.962.26$11,930
May 20230070.622.23$0
Apr 202388078.122.24$6,875
Mar 202380072.852.39$5,828
Feb 2023113075.112.47$8,487
Jan 20230076.533.39$0
Dec 202291076.415.73$6,953
Nov 20220085.005.65$0
Oct 202298087.185.86$8,544
Sep 20220084.888.16$0
Aug 202272094.529.13$6,805
Jul 2022820101.587.54$8,330
Jun 202200115.097.98$0
May 2022650109.378.43$7,109
Apr 2022840104.226.84$8,754
Mar 20221710108.885.08$18,618
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 202190071.323.90$6,419
Nov 202192077.435.24$7,124
Oct 20210079.795.71$0
Sep 202187069.865.35$6,078
Aug 202189066.024.22$5,876
Jul 20210070.783.98$0
Jun 2021104069.493.38$7,227
May 202175063.483.02$4,761
Apr 20210060.362.76$0
Mar 202191061.302.72$5,578
Feb 20210057.805.55$0
Jan 202195050.412.81$4,789
Dec 20200044.642.68$0
Nov 202079038.772.71$3,063
Oct 202038036.972.48$1,405
Sep 202063037.091.99$2,337
Aug 2020116039.982.39$4,638
Jul 2020120038.371.83$4,604
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 202074030.341.86$2,245
Feb 2020103049.881.98$5,138
Jan 202047057.252.09$2,691
Dec 201978059.012.30$4,603
Nov 2019119055.302.75$6,581
Oct 20190053.472.42$0
Sep 2019117055.052.66$6,441
Aug 20190053.112.30$0
Jul 2019109056.272.46$6,133
Jun 20190052.782.49$0
May 2019107058.482.74$6,257
Apr 2019105062.632.75$6,576
Mar 20190056.803.06$0
Feb 2019111050.852.79$5,644
Jan 20190046.033.23$0
Dec 201880046.594.19$3,727
Nov 2018156052.934.24$8,257
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 2018155059.403.07$9,207
Jul 20180065.142.93$0
Jun 2018164060.183.08$9,870
May 20180065.382.90$0
Apr 2018165063.842.90$10,534
Mar 20180061.222.79$0
Feb 2018166061.782.77$10,255
Jan 20180062.874.01$0
Dec 2017163057.272.92$9,335
Nov 20170055.423.12$0
Oct 2017160049.292.98$7,886
Sep 20170047.523.09$0
Aug 2017164045.373.00$7,441
Jul 20170043.873.09$0
Jun 2017163042.493.09$6,926
May 20170045.373.26$0
Apr 2017166047.933.21$7,956
Mar 2017165046.772.98$7,717
Feb 20170050.452.95$0
Jan 2017166049.413.42$8,202
Dec 20160048.763.72$0
Nov 2016165042.492.64$7,011
Oct 20160046.193.09$0
Sep 201699041.553.10$4,113
Aug 20160041.442.92$0
Jul 2016164041.622.92$6,826
Jun 20160045.352.69$0
May 2016164042.521.99$6,973
Apr 20160036.561.99$0
Mar 2016168033.011.79$5,546
Feb 20160026.472.06$0
Jan 201685027.352.36$2,325
Dec 2015125032.362.00$4,045
Nov 201593038.792.17$3,607
Oct 2015118043.552.43$5,139
Sep 20150042.992.76$0
Aug 2015148040.162.87$5,944
Jul 201564048.152.95$3,082
Jun 201593056.152.88$5,222
May 2015163055.212.96$8,999
Apr 201569049.822.71$3,438
Mar 2015162042.892.93$6,948
Feb 20150044.662.98$0
Jan 2015157043.433.10$6,819
Dec 201482054.693.59$4,485
Nov 2014108070.464.25$7,610
Oct 2014134078.303.90$10,492
Sep 201496086.164.05$8,271
Aug 2014168089.394.04$15,018
Jul 201480096.564.18$7,725
Jun 2014116098.164.74$11,387
May 2014142094.734.73$13,452
Apr 201488095.944.81$8,443
Mar 2014168095.895.06$16,110
Feb 201489097.406.19$8,669
Jan 2014133090.404.86$12,023
Dec 2013117091.824.35$10,743
Nov 2013283088.853.74$25,145
Oct 201370097.423.78$6,819
Sep 20131270104.113.72$13,222
Aug 2013890104.253.52$9,278
Jul 20131680102.523.72$17,223
Jun 201381094.403.93$7,646
May 2013114094.834.15$10,811
Apr 201399093.964.28$9,302
Mar 2013207093.623.91$19,379
Feb 20130091.233.42$0
Jan 2013119091.603.42$10,900
Dec 201296086.773.42$8,330
Nov 201259086.953.62$5,130
Oct 201255089.383.40$4,916
Sep 201260094.672.92$5,680
Aug 201264092.662.91$5,930
Jul 201254085.133.02$4,597
Jun 201252079.822.52$4,151
May 201254091.612.49$4,947
Apr 2012650101.652.00$6,607
Mar 2012560105.052.22$5,883
Feb 2012490101.102.57$4,954
Jan 201250098.092.73$4,905
Dec 201163096.873.24$6,103
Nov 201151095.723.31$4,882
Oct 201161084.983.65$5,184
Sep 201164083.623.99$5,352
Aug 20110083.404.15$0
Jul 2011299094.144.52$28,148
Jun 20110092.904.64$0
May 201124098.134.40$2,355
Apr 201100105.964.33$0
Mar 201139096.364.06$3,758
Feb 20110085.644.18$0
Jan 201116086.504.59$1,384
Dec 201039085.734.35$3,343
Nov 201029080.843.80$2,344
Oct 201023078.103.51$1,796
Sep 201021072.633.98$1,525
Aug 201034073.684.42$2,505
Jul 201031072.554.74$2,249
Jun 201031070.364.91$2,181
May 201024071.124.24$1,707
Apr 201078081.694.12$6,372
Mar 20100078.394.39$0
Feb 201039073.585.44$2,870
Jan 20100074.365.96$0
Dec 200926071.445.48$1,857
Nov 200921074.593.75$1,566
Oct 200977072.544.11$5,586
Sep 20090065.543.06$0
Aug 200940067.423.22$2,697
Jul 20090061.133.46$0
Jun 200944066.163.90$2,911
May 200933054.743.93$1,806
Apr 200973046.773.59$3,414
Mar 20090042.144.06$0
Feb 200978032.814.63$2,559
Jan 20090035.865.37$0
Dec 200884037.105.98$3,116
Nov 20080055.496.86$0
Oct 200849075.246.92$3,687
Sep 2008470101.767.88$4,783
Aug 2008540114.228.48$6,168
Jul 2008350131.0811.39$4,588
Jun 2008480131.3313.03$6,304
May 2008640123.1711.57$7,883
Apr 2008480110.3110.45$5,295
Mar 2008760101.909.66$7,744
Feb 200849092.538.77$4,534
Jan 200856090.388.21$5,061
Dec 200785088.337.30$7,508
Nov 200784091.677.29$7,700
Oct 20070082.856.92$0
Sep 200768075.846.24$5,157
Aug 200783069.066.39$5,732
Jul 200735070.906.39$2,482
Jun 200779062.007.55$4,898
May 200786058.747.85$5,052
Apr 200749059.617.81$2,921
Mar 200784056.927.30$4,781
Feb 200782055.108.22$4,518
Jan 200786050.306.73$4,326
Dec 200635056.656.92$1,983
Nov 200651054.207.62$2,764
Oct 200661054.906.01$3,349
Sep 200676060.085.04$4,566
Aug 200683068.717.34$5,703
Jul 200685069.376.34$5,896
Jun 200676066.286.38$5,037
May 200685066.016.42$5,611
Apr 200683064.397.36$5,344
Mar 200681056.707.08$4,593
Feb 200672057.597.75$4,146
Jan 200675060.598.93$4,544
Dec 200582054.9413.42$4,505
Nov 200582054.6910.59$4,485
Oct 200573058.3413.80$4,259
Sep 200579061.4512.08$4,855
Aug 200582061.519.80$5,044
Jul 200585055.697.84$4,734
Jun 2005114052.337.38$5,966
May 200581045.226.65$3,663
Apr 200581049.207.36$3,985
Mar 200584050.377.15$4,231
Feb 200580045.226.31$3,618
Jan 200582043.166.32$3,539
Dec 200483039.866.75$3,308
Nov 2004150045.286.33$6,792
Oct 200483049.706.52$4,125
Sep 200484043.245.28$3,632
Aug 2004133042.375.55$5,635
Jul 200485038.286.08$3,254
Jun 2004113036.106.43$4,079
May 200490037.486.49$3,373
Apr 2004123034.475.86$4,240
Mar 2004129034.365.53$4,432
Feb 2004126032.455.51$4,089
Jan 2004165032.036.30$5,285
Dec 200384030.266.30$2,542
Nov 200368028.804.60$1,958
Oct 200343028.174.76$1,211
Sep 200366026.314.75$1,736
Aug 200378029.765.13$2,321
Jul 200379029.415.17$2,323
Jun 200382028.565.98$2,342
May 200381026.595.97$2,154
Apr 200379026.675.41$2,107
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 19970019.253.15$0
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 19970017.242.26$0
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 19970018.951.94$0
Feb 19970020.492.21$0
Jan 19970023.483.54$0
Dec 19960023.32—$0
Nov 19960021.97—$0
Oct 19960023.31—$0
Sep 19960022.22—$0
Aug 19960020.26—$0
Jul 19960019.55—$0
Jun 19960018.73—$0
May 19960019.43—$0
Apr 19960021.51—$0
Mar 19960019.38—$0
Feb 19960016.98—$0
Jan 19960017.07—$0
Dec 19950017.19—$0
Nov 19950016.00—$0
Oct 19950015.43—$0
Sep 19950016.18—$0
Aug 19950015.92—$0
Jul 19950015.24—$0
Jun 19950016.41—$0
May 19950017.56—$0
Apr 19950017.73—$0
Mar 19950016.44—$0
Feb 19950016.58—$0
Jan 19950015.92—$0
Dec 19940015.03—$0
Nov 19940015.90—$0
Oct 19940015.58—$0
Sep 19940015.29—$0
Aug 19940016.13—$0
Jul 19940117.56—$0
Jun 19940017.09—$0
May 19940015.88—$0
Apr 19940014.14—$0
Mar 19940012.46—$0
Feb 19940012.50—$0
Jan 19940012.66—$0
Dec 19930012.33—$0
Nov 19930014.49—$0
Oct 19930115.85—$0
Sep 19930015.03—$0
Aug 19930015.66—$0
Jul 19930015.46—$0
Jun 199335116.79—$588
May 19930017.68—$0
Apr 19930018.05—$0
Mar 19930018.14—$0
Feb 19930117.90—$0
Jan 19930016.93—$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.

Mar 2026 — as filed, then multipliedworked
Oil                  167 bbl  × $ 89.75 =    $14,988
Casinghead gas         0 Mcf  × $  3.15 =         $0

────────────────────────────────────────────────────
Month total                                  $14,988

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/O/12027 is the state's own key, not one this site invented.