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 224878District 10Field 403112002 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.8 M
Jan 2007 – May 2026
Value, last 12 filed months
$157 k
at the published price for each month
Months reported
233
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 Gas112008-07-15178536
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
CondensateDisposition3,861 bbl$276,150
GasProduction811,188 Mcf$3,544,408
Total$3,820,559

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 35.7631, -100.3604. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.76312, -100.36038 · 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
13,500 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 13,500 ft.

1 well

42-211336181213,500 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 (233)

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

233 months

May 202603,370106.413.05$10,264
Apr 202603,85398.932.87$11,057
Mar 202603,15089.753.15$9,921
Feb 202603,44163.503.75$12,905
Jan 202603,59159.138.00$28,721
Dec 202503,50056.664.41$15,447
Nov 202503,28458.593.93$12,894
Oct 202503,24759.383.30$10,731
Sep 202503,21962.743.08$9,905
Aug 202503,31163.933.01$9,982
Jul 202503,91466.743.32$12,976
Jun 202503,79066.483.13$11,858
May 202503,96760.553.23$12,823
Apr 202503,60862.363.54$12,784
Mar 202504,02467.704.27$17,176
Feb 202503,54970.884.34$15,406
Jan 202503,66374.324.28$15,673
Dec 202404,02168.993.12$12,551
Nov 202403,84869.052.20$8,460
Oct 202403,96471.372.28$9,043
Sep 202403,69069.612.36$8,724
Aug 202403,76775.632.06$7,774
Jul 202403,66579.932.15$7,867
Jun 202403,72178.082.63$9,801
May 202403,82178.812.20$8,400
Apr 202403,51284.451.66$5,827
Mar 202403,86180.301.55$5,966
Feb 202403,49776.091.78$6,237
Jan 202403,48373.023.30$11,486
Dec 202303,29871.262.61$8,610
Nov 202303,26777.892.81$9,172
Oct 202303,52985.443.09$10,895
Sep 202303,71189.042.74$10,150
Aug 202303,69480.522.67$9,874
Jul 202303,74174.852.64$9,883
Jun 202303,59468.962.26$8,117
May 202303,85270.622.23$8,580
Apr 202303,55378.122.24$7,951
Mar 202303,55372.852.39$8,503
Feb 202303,12575.112.47$7,705
Jan 202303,44276.533.39$11,661
Dec 202203,92076.415.73$22,458
Nov 202203,25785.005.65$18,390
Oct 202203,70487.185.86$21,719
Sep 202203,70784.888.16$30,263
Aug 2022173,59294.529.13$34,392
Jul 202203,861101.587.54$29,120
Jun 202203,562115.097.98$28,415
May 202203,752109.378.43$31,641
Apr 202203,502104.226.84$23,945
Mar 202203,768108.885.08$19,128
Feb 202203,30991.054.86$16,078
Jan 202203,30481.844.54$14,992
Dec 202103,19271.323.90$12,446
Nov 202103,63277.435.24$19,020
Oct 202103,70679.795.71$21,176
Sep 202103,77569.865.35$20,200
Aug 202103,68066.024.22$15,532
Jul 202103,61070.783.98$14,375
Jun 202123,79469.493.38$12,965
May 2021373,75063.483.02$13,665
Apr 2021323,67260.362.76$12,060
Mar 2021373,35361.302.72$11,378
Feb 2021413,16757.805.55$19,940
Jan 2021303,61950.412.81$11,683
Dec 2020213,72844.642.68$10,912
Nov 2020173,75938.772.71$10,833
Oct 2020213,72636.972.48$10,011
Sep 2020113,51537.091.99$7,407
Aug 202003,75639.982.39$8,958
Jul 202033,63638.371.83$6,751
Jun 202053,59334.901.69$6,248
May 202053,82616.921.81$7,028
Apr 2020875714.751.80$1,484
Mar 202062,39530.341.86$4,628
Feb 202042,37249.881.98$4,898
Jan 202062,69557.252.09$5,989
Dec 201982,97859.012.30$7,334
Nov 2019102,56055.302.75$7,595
Oct 201972,91053.472.42$7,412
Sep 201962,70455.052.66$7,516
Aug 201932,41853.112.30$5,731
Jul 201912,12856.272.46$5,291
Jun 201912,31252.782.49$5,812
May 201903,14358.482.74$8,613
Apr 201913,25062.632.75$9,002
Mar 201902,84656.803.06$8,715
Feb 201902,01350.852.79$5,621
Jan 201902,47646.033.23$7,993
Dec 201802,48546.594.19$10,401
Nov 201802,56652.934.24$10,873
Oct 201803,11861.443.40$10,595
Sep 201802,09359.543.11$6,505
Aug 201802,45759.403.07$7,535
Jul 201802,04265.142.93$5,987
Jun 201802,89260.183.08$8,898
May 201803,00065.382.90$8,702
Apr 201812,55563.842.90$7,475
Mar 201812,10461.222.79$5,925
Feb 201801,66061.782.77$4,592
Jan 201802,34762.874.01$9,410
Dec 201712,60857.272.92$7,677
Nov 201712,32355.423.12$7,299
Oct 201701,89749.292.98$5,660
Sep 2017782,31447.523.09$10,851
Aug 201702,26445.373.00$6,802
Jul 201702,77743.873.09$8,573
Jun 201701,81742.493.09$5,610
May 201702,39545.373.26$7,816
Apr 201702,53447.933.21$8,138
Mar 201722,57946.772.98$7,788
Feb 201732,41750.452.95$7,288
Jan 201722,37449.413.42$8,215
Dec 201632,25848.763.72$8,552
Nov 201642,29342.492.64$6,233
Oct 201642,60046.193.09$8,219
Sep 201632,50641.553.10$7,895
Aug 201643,13841.442.92$9,342
Jul 201653,64441.622.92$10,864
Jun 201652,48545.352.69$6,901
May 201662,39142.521.99$5,016
Apr 201662,53236.561.99$5,261
Mar 201692,57633.011.79$4,918
Feb 201652,40026.472.06$5,085
Jan 201641,90627.352.36$4,616
Dec 201522,12732.362.00$4,322
Nov 201512,11238.792.17$4,616
Oct 201522,34743.552.43$5,782
Sep 201512,36342.992.76$6,561
Aug 201512,33740.162.87$6,753
Jul 201522,55748.152.95$7,627
Jun 201531,42456.152.88$4,274
May 201561,67755.212.96$5,288
Apr 201531,52649.822.71$4,280
Mar 201531,62942.892.93$4,909
Feb 201521,42044.662.98$4,316
Jan 201531,17843.433.10$3,783
Dec 201421,16354.693.59$4,286
Nov 201411,26770.464.25$5,458
Oct 201411,40778.303.90$5,567
Sep 201411,54386.164.05$6,328
Aug 201412,25089.394.04$9,168
Jul 201432,27796.564.18$9,807
Jun 201432,74498.164.74$13,292
May 201432,51694.734.73$12,176
Apr 201442,44295.944.81$12,128
Mar 201452,57195.895.06$13,480
Feb 2014102,02497.406.19$13,507
Jan 201453,51390.404.86$17,528
Dec 201352,91791.824.35$13,161
Nov 201342,55288.853.74$9,895
Oct 201302,57497.423.78$9,728
Sep 201303,037104.113.72$11,291
Aug 201303,265104.253.52$11,501
Jul 201303,287102.523.72$12,220
Jun 201301,98394.403.93$7,800
May 201302,37394.834.15$9,846
Apr 201302,59293.964.28$11,100
Mar 201303,64593.623.91$14,262
Feb 201302,58991.233.42$8,854
Jan 201301,98291.603.42$6,778
Dec 201201,49686.773.42$5,117
Nov 201202,20186.953.62$7,979
Oct 201203,59989.383.40$12,235
Sep 201202,51194.672.92$7,328
Aug 201202,44392.662.91$7,105
Jul 201202,78685.133.02$8,416
Jun 201202,94579.822.52$7,419
May 201203,16291.612.49$7,868
Apr 201202,972101.652.00$5,934
Mar 201201,890105.052.22$4,200
Feb 201203,413101.102.57$8,772
Jan 201204,00698.092.73$10,953
Dec 201104,05796.873.24$13,144
Nov 201102,62895.723.31$8,702
Oct 201103,63784.983.65$13,270
Sep 201103,31983.623.99$13,229
Aug 201103,31383.404.15$13,747
Jul 201103,57894.144.52$16,163
Jun 201103,37892.904.64$15,674
May 201104,03998.134.40$17,791
Apr 201104,224105.964.33$18,304
Mar 201104,20296.364.06$17,049
Feb 201102,97585.644.18$12,435
Jan 201103,80086.504.59$17,437
Dec 201005,38285.734.35$23,400
Nov 201005,62480.843.80$21,345
Oct 201005,96278.103.51$20,920
Sep 201006,98072.633.98$27,777
Aug 20101986,35573.684.42$42,674
Jul 201007,02972.554.74$33,293
Jun 201007,99170.364.91$39,239
May 201008,61471.124.24$36,482
Apr 20101957,17581.694.12$45,510
Mar 201008,45478.394.39$37,102
Feb 201006,14873.585.44$33,460
Jan 20101986,75074.365.96$54,981
Dec 200907,09871.445.48$38,924
Nov 200906,87074.593.75$25,773
Oct 20091897,73972.544.11$45,519
Sep 200903,97365.543.06$12,176
Aug 200903,49567.423.22$11,249
Jul 200903,27361.133.46$11,339
Jun 200903,70766.163.90$14,439
May 200902,55254.743.93$10,019
Apr 20091952,54146.773.59$18,236
Mar 200902,29142.144.06$9,299
Feb 200903,53632.814.63$16,382
Jan 200901,99035.865.37$10,688
Dec 200803,16037.105.98$18,888
Nov 20081913,08755.496.86$31,777
Oct 20081887,00875.246.92$62,654
Sep 20081869,306101.767.88$92,232
Aug 200808,499114.228.48$72,097
Jul 20081887,007131.0811.39$104,449
Jun 200804,108131.3313.03$53,538
May 200804,281123.1711.57$49,550
Apr 200804,242110.3110.45$44,350
Mar 200804,553101.909.66$44,001
Feb 200804,34192.538.77$38,073
Jan 200804,01790.388.21$32,962
Dec 200707,07688.337.30$51,669
Nov 20071904,48191.677.29$50,091
Oct 200704,10382.856.92$28,401
Sep 20072004,74375.846.24$44,784
Aug 20072005,20369.066.39$47,048
Jul 20073845,09870.906.39$59,791
Jun 20072014,15662.007.55$43,833
May 20073945,94458.747.85$69,782
Apr 200705,52959.617.81$43,155
Mar 200708,25056.927.30$60,241
Feb 200708,41055.108.22$69,097
Jan 200703,55250.306.73$23,894

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                3,370 Mcf  × $  3.05 =    $10,264

────────────────────────────────────────────────────
Month total                                  $10,264

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/224878 is the state's own key, not one this site invented.