PETREE 3

Operated by BCE-MACH III LLC (P-5 40209) in the HEMPHILL (GRANITE WASH.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 214039District 10Field 403112002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.5 M
Dec 2005 – May 2026
Value, last 12 filed months
$82 k
at the published price for each month
Months reported
246
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 712 leases and 714 wells, and the rule below applies to all of them.

Discovered
1964-01-29
as the register files it
Field class
Oil and gas
the register's own label
Between wells
467 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2008-10-07.

The Commission's schedule remark for this field reads: FIELD

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
High Cost Gas112007-08-30170099
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
CondensateDisposition3,800 bbl$283,537
GasProduction818,038 Mcf$4,196,374
Total$4,479,911

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 35.7553, -100.3578. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.75530, -100.35777 · 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
12,740 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 12,740 ft.

1 well

42-21133437912,740 ft

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 (246)

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

246 months

May 202601,810106.413.05$5,513
Apr 202602,26598.932.87$6,500
Mar 202601,73189.753.15$5,452
Feb 202601,68863.503.75$6,331
Jan 202601,83059.138.00$14,636
Dec 202501,80356.664.41$7,957
Nov 202501,92358.593.93$7,551
Oct 202501,87859.383.30$6,206
Sep 202501,76762.743.08$5,437
Aug 202501,77763.933.01$5,357
Jul 202501,79566.743.32$5,951
Jun 202501,71966.483.13$5,378
May 202501,82560.553.23$5,899
Apr 202501,67362.363.54$5,928
Mar 202501,82867.704.27$7,802
Feb 202501,59170.884.34$6,906
Jan 202501,65074.324.28$7,060
Dec 202401,82568.993.12$5,697
Nov 202401,78569.052.20$3,924
Oct 202401,85071.372.28$4,221
Sep 202401,83569.612.36$4,339
Aug 202401,84875.632.06$3,814
Jul 202401,77279.932.15$3,804
Jun 202401,82078.082.63$4,794
May 202401,91478.812.20$4,208
Apr 202401,83284.451.66$3,040
Mar 202401,99280.301.55$3,078
Feb 202401,69276.091.78$3,018
Jan 202401,91673.023.30$6,318
Dec 202301,85471.262.61$4,840
Nov 202301,86177.892.81$5,225
Oct 202301,95285.443.09$6,026
Sep 202301,94689.042.74$5,322
Aug 202301,98280.522.67$5,298
Jul 202301,98574.852.64$5,244
Jun 202301,95368.962.26$4,411
May 202302,05370.622.23$4,573
Apr 202301,88978.122.24$4,227
Mar 202301,93472.852.39$4,628
Feb 202301,74675.112.47$4,305
Jan 202301,96176.533.39$6,643
Dec 202201,90576.415.73$10,914
Nov 202201,85085.005.65$10,445
Oct 202202,02887.185.86$11,892
Sep 202201,98984.888.16$16,238
Aug 202202,00494.529.13$18,291
Jul 202202,040101.587.54$15,386
Jun 202201,957115.097.98$15,611
May 202201,915109.378.43$16,149
Apr 202201,810104.226.84$12,376
Mar 202201,913108.885.08$9,711
Feb 202201,72791.054.86$8,391
Jan 202201,89881.844.54$8,613
Dec 202101,90671.323.90$7,432
Nov 202101,98377.435.24$10,385
Oct 202102,09179.795.71$11,948
Sep 202102,15569.865.35$11,531
Aug 202102,55466.024.22$10,779
Jul 202102,06070.783.98$8,203
Jun 2021152,23869.493.38$8,608
May 2021102,21263.483.02$7,310
Apr 202192,14260.362.76$6,452
Mar 202142,18261.302.72$6,174
Feb 202151,65657.805.55$9,476
Jan 202152,13850.412.81$6,260
Dec 202062,24644.642.68$6,277
Nov 202052,19738.772.71$6,140
Oct 202042,36036.972.48$5,997
Sep 202032,15437.091.99$4,400
Aug 202002,24439.982.39$5,352
Jul 202042,27038.371.83$4,297
Jun 202062,22634.901.69$3,972
May 202072,27616.921.81$4,249
Apr 202092,23914.751.80$4,173
Mar 2020122,11930.341.86$4,297
Feb 2020141,96349.881.98$4,586
Jan 2020132,08257.252.09$5,106
Dec 201982,07259.012.30$5,247
Nov 2019112,10255.302.75$6,390
Oct 2019112,22753.472.42$5,974
Sep 201992,13355.052.66$6,163
Aug 2019112,18153.112.30$5,610
Jul 201942,21456.272.46$5,672
Jun 201972,06952.782.49$5,524
May 201992,16458.482.74$6,456
Apr 201972,10462.632.75$6,226
Mar 201942,07456.803.06$6,578
Feb 2019101,90650.852.79$5,830
Jan 201972,26146.033.23$7,621
Dec 2018112,25846.594.19$9,963
Nov 2018142,26052.934.24$10,317
Oct 201852,38661.443.40$8,415
Sep 2018102,26859.543.11$7,644
Aug 201841,94759.403.07$6,208
Jul 2018182,22465.142.93$7,693
Jun 201842,23960.183.08$7,130
May 201862,27565.382.90$6,992
Apr 201842,17563.842.90$6,565
Mar 201872,20961.222.79$6,585
Feb 201871,98261.782.77$5,915
Jan 201852,17762.874.01$9,043
Dec 201731,96057.272.92$5,898
Nov 201712,05155.423.12$6,451
Oct 201732,08549.292.98$6,369
Sep 201772,07047.523.09$6,723
Aug 201711,97645.373.00$5,982
Jul 201712,29043.873.09$7,114
Jun 201711,40542.493.09$4,380
May 201722,07845.373.26$6,872
Apr 201711,99647.933.21$6,458
Mar 201731,96146.772.98$5,991
Feb 201721,71850.452.95$5,173
Jan 201721,75949.413.42$6,112
Dec 201661,73748.763.72$6,759
Nov 201651,17742.492.64$3,325
Oct 201652,34246.193.09$7,468
Sep 201652,25241.553.10$7,190
Aug 201642,38041.442.92$7,126
Jul 201652,37641.622.92$7,156
Jun 201652,34945.352.69$6,536
May 201672,44742.521.99$5,170
Apr 201652,30536.561.99$4,772
Mar 201692,47433.011.79$4,735
Feb 201642,31326.472.06$4,879
Jan 201662,23327.352.36$5,444
Dec 201522,38232.362.00$4,832
Nov 201512,38638.792.17$5,210
Oct 201522,49143.552.43$6,132
Sep 201542,40242.992.76$6,798
Aug 201512,50240.162.87$7,227
Jul 201522,52948.152.95$7,544
Jun 201532,42056.152.88$7,145
May 201552,53455.212.96$7,765
Apr 201542,38149.822.71$6,644
Mar 201542,46942.892.93$7,417
Feb 201532,17444.662.98$6,604
Jan 201532,10543.433.10$6,657
Dec 201431,91054.693.59$7,024
Nov 201422,08370.464.25$8,998
Oct 201432,43278.303.90$9,722
Sep 201432,38086.164.05$9,887
Aug 201432,31489.394.04$9,605
Jul 201452,33296.564.18$10,230
Jun 201442,27898.164.74$11,183
May 201452,48094.734.73$12,196
Apr 201452,40295.944.81$12,031
Mar 20141922,50595.895.06$31,078
Feb 201472,23997.406.19$14,546
Jan 201452,62190.404.86$13,192
Dec 201302,52491.824.35$10,991
Nov 201352,49488.853.74$9,768
Oct 201302,41397.423.78$9,120
Sep 201302,642104.113.72$9,822
Aug 201302,762104.253.52$9,729
Jul 201302,838102.523.72$10,551
Jun 201302,76394.403.93$10,868
May 201302,89994.834.15$12,028
Apr 201302,79293.964.28$11,957
Mar 201302,92593.623.91$11,445
Feb 20131912,64891.233.42$26,481
Jan 201302,93491.603.42$10,034
Dec 201202,96186.773.42$10,127
Nov 201203,00786.953.62$10,900
Oct 201203,11389.383.40$10,583
Sep 201203,04194.672.92$8,875
Aug 201203,20292.662.91$9,312
Jul 201203,13985.133.02$9,482
Jun 201203,07879.822.52$7,754
May 201203,17791.612.49$7,905
Apr 201203,047101.652.00$6,084
Mar 20121952,799105.052.22$26,704
Feb 201202,540101.102.57$6,528
Jan 201202,94498.092.73$8,049
Dec 201102,97296.873.24$9,629
Nov 201102,79395.723.31$9,248
Oct 201103,09684.983.65$11,296
Sep 201103,12183.623.99$12,440
Aug 20111963,23283.404.15$29,757
Jul 201103,26994.144.52$14,767
Jun 201103,10492.904.64$14,402
May 201103,13098.134.40$13,787
Apr 201103,066105.964.33$13,286
Mar 20111972,92296.364.06$30,838
Feb 201102,92385.644.18$12,218
Jan 201103,15586.504.59$14,478
Dec 201003,21785.734.35$13,987
Nov 201003,21080.843.80$12,183
Oct 20101973,35978.103.51$27,172
Sep 201003,29572.633.98$13,112
Aug 201003,45373.684.42$15,260
Jul 201003,57172.554.74$16,914
Jun 201003,48970.364.91$17,132
May 20101913,71371.124.24$29,309
Apr 201003,65081.694.12$15,048
Mar 201003,71178.394.39$16,286
Feb 201003,40673.585.44$18,537
Jan 20101993,88874.365.96$37,986
Dec 200904,23671.445.48$23,229
Nov 200903,86274.593.75$14,488
Oct 200904,13572.544.11$16,996
Sep 200904,11365.543.06$12,605
Aug 200904,42467.423.22$14,239
Jul 200904,37961.133.46$15,171
Jun 200904,24166.163.90$16,519
May 200904,44954.743.93$17,466
Apr 200904,48146.773.59$16,076
Mar 200904,81342.144.06$19,536
Feb 20091964,16532.814.63$25,727
Jan 200905,26535.865.37$28,278
Dec 200804,81837.105.98$28,798
Nov 200804,90255.496.86$33,629
Oct 200804,96575.246.92$34,368
Sep 200804,847101.767.88$38,180
Aug 200805,127114.228.48$43,492
Jul 20081925,270131.0811.39$85,190
Jun 200805,228131.3313.03$68,135
May 200805,577123.1711.57$64,550
Apr 200803,610110.3110.45$37,742
Mar 200805,101101.909.66$49,296
Feb 20081945,31992.538.77$64,602
Jan 200805,87690.388.21$48,217
Dec 200706,33788.337.30$46,273
Nov 200705,74791.677.29$41,905
Oct 200706,42082.856.92$44,439
Sep 200706,41075.846.24$40,025
Aug 200706,78569.066.39$43,342
Jul 200706,89470.906.39$44,038
Jun 20072016,62562.007.55$62,470
May 200705,85458.747.85$45,932
Apr 200705,36359.617.81$41,859
Mar 200706,30356.927.30$46,024
Feb 200704,96455.108.22$40,784
Jan 200705,93250.306.73$39,904
Dec 200607,55056.656.92$52,234
Nov 200607,42054.207.62$56,522
Oct 200608,49754.906.01$51,099
Sep 200609,02860.085.04$45,476
Aug 20061939,97068.717.34$86,440
Jul 2006010,93369.376.34$69,345
Jun 2006011,50366.286.38$73,434
May 2006013,31766.016.42$85,562
Apr 2006015,21764.397.36$112,004
Mar 2006019,18356.707.08$135,872
Feb 200620319,96957.597.75$166,473
Jan 200656239,66460.598.93$388,383
Dec 200502,65254.9413.42$35,578

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                1,810 Mcf  × $  3.05 =     $5,513

────────────────────────────────────────────────────
Month total                                   $5,513

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. 10/G/214039 is the state's own key, not one this site invented.