TIPPS, O. R.

Operated by BCE-MACH II LLC (P-5 40205) in the ST. CLAIR (GRANITE WASH) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 232376District 10Field 796365002 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.5 M
Sep 2007 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
225
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 210 leases and 255 wells, and the rule below applies to all of them.

Discovered
1974-02-25
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 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 2012-08-21.

The Commission's schedule remark for this field reads: THE ALLOCATION FORMULA SHALL REMAIN SUSPENDED.

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 Gas112009-02-25189684
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
CondensateDisposition20,504 bbl$1,468,715
GasProduction427,250 Mcf$2,070,423
Total$3,539,138

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 35.8279, -100.6965. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.82788, -100.69646 · 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
9,950 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 9,950 ft.

Completions filed
Sep 2007
1 of 1 wells

1 well

42-393318956019,950 ftSep 2007

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 (225)

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

225 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
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 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20248021476.091.78$6,469
Jan 202401,11673.023.30$3,680
Dec 20231751,11271.262.61$15,374
Nov 2023094277.892.81$2,645
Oct 2023461,03485.443.09$7,122
Sep 2023079989.042.74$2,185
Aug 20231781,02280.522.67$17,064
Jul 202301,09774.852.64$2,898
Jun 202301,06768.962.26$2,410
May 20231791,28770.622.23$15,508
Apr 202301,10878.122.24$2,479
Mar 202301,00972.852.39$2,415
Feb 20231821,47675.112.47$17,309
Jan 202301,40876.533.39$4,770
Dec 202201,64576.415.73$9,424
Nov 20221611,35385.005.65$21,324
Oct 202201,52687.185.86$8,948
Sep 202202,20784.888.16$18,017
Aug 20221761,61794.529.13$31,394
Jul 20221801,845101.587.54$32,200
Jun 202201,646115.097.98$13,130
May 202202,064109.378.43$17,406
Apr 20221781,687104.226.84$30,086
Mar 20221701,643108.885.08$26,850
Feb 2022020191.054.86$977
Jan 2022031381.844.54$1,420
Dec 2021083471.323.90$3,252
Nov 20213583,37477.435.24$45,389
Oct 20211801,24179.795.71$21,453
Sep 2021042469.865.35$2,269
Aug 2021084266.024.22$3,554
Jul 2021032870.783.98$1,306
Jun 202118489869.493.38$15,822
May 2021014463.483.02$435
Apr 2021063060.362.76$1,738
Mar 2021013861.302.72$375
Feb 2021014757.805.55$816
Jan 2021014750.412.81$413
Dec 2020015544.642.68$415
Nov 2020014338.772.71$387
Oct 2020013336.972.48$330
Sep 2020021737.091.99$432
Aug 2020017139.982.39$408
Jul 2020023538.371.83$429
Jun 2020025234.901.69$426
May 2020020516.921.81$372
Apr 2020011814.751.80$213
Mar 202001430.341.86$26
Feb 202003449.881.98$67
Jan 2020035857.252.09$750
Dec 201901,27659.012.30$2,940
Nov 20191951,48755.302.75$14,874
Oct 201901,50753.472.42$3,645
Sep 20191921,46455.052.66$14,460
Aug 201901,54653.112.30$3,563
Jul 20191881,56756.272.46$14,434
Jun 201901,60652.782.49$4,001
May 20191831,73258.482.74$15,448
Apr 201901,73762.632.75$4,778
Mar 20191981,87756.803.06$16,994
Feb 201901,30950.852.79$3,655
Jan 201901,23046.033.23$3,971
Dec 2018094646.594.19$3,959
Nov 20181871,65852.934.24$16,923
Oct 201801,75861.443.40$5,974
Sep 20181831,72559.543.11$16,257
Aug 201801,78959.403.07$5,486
Jul 20181831,77065.142.93$17,110
Jun 201801,70460.183.08$5,243
May 20181821,77165.382.90$17,036
Apr 20181891,75363.842.90$17,151
Mar 201801,85261.222.79$5,161
Feb 20181831,68461.782.77$15,964
Jan 201801,88062.874.01$7,538
Dec 20171781,87557.272.92$15,672
Nov 201701,85155.423.12$5,772
Oct 20171812,03349.292.98$14,987
Sep 20171812,10047.523.09$15,084
Aug 201702,18545.373.00$6,565
Jul 201702,19243.873.09$6,767
Jun 20171802,10942.493.09$14,159
May 20171822,22345.373.26$15,512
Apr 201702,22047.933.21$7,130
Mar 201717313446.772.98$8,491
Feb 20171892,13750.452.95$15,845
Jan 201702,39149.413.42$8,174
Dec 20161822,25148.763.72$17,254
Nov 20161812,30342.492.64$13,781
Oct 201602,54046.193.09$7,849
Sep 20161822,52041.553.10$15,376
Aug 201602,00541.442.92$5,863
Jul 20161722,86041.622.92$15,522
Jun 20161752,91245.352.69$15,757
May 20161893,25242.521.99$14,511
Apr 201603,26036.561.99$6,491
Mar 20161763,09933.011.79$11,369
Feb 20161883,16326.472.06$11,504
Jan 20161803,55427.352.36$13,326
Dec 201502,30332.362.00$4,609
Nov 20151813,28938.792.17$14,149
Oct 20151805,42543.552.43$21,003
Sep 20151866,02742.992.76$24,621
Aug 20153525,62640.162.87$30,297
Jul 20151711,86448.152.95$13,723
Jun 2015033156.152.88$954
May 2015048355.212.96$1,427
Apr 201501,58249.822.71$4,282
Mar 20150042.892.93$0
Feb 20151782444.662.98$8,021
Jan 2015030543.433.10$946
Dec 20141774754.693.59$9,849
Nov 201404770.464.25$200
Oct 201417588878.303.90$17,167
Sep 2014040586.164.05$1,638
Aug 2014064589.394.04$2,603
Jul 20141776896.564.18$17,375
Jun 2014029598.164.74$1,397
May 2014079894.734.73$3,772
Apr 201417658595.944.81$19,699
Mar 201417675795.895.06$20,705
Feb 2014079597.406.19$4,923
Jan 2014051790.404.86$2,513
Dec 201318079091.824.35$19,968
Nov 2013085188.853.74$3,181
Oct 201317056697.423.78$18,701
Sep 2013021104.113.72$78
Aug 20131791,138104.253.52$22,669
Jul 20130757102.523.72$2,814
Jun 201316874594.403.93$18,790
May 201317564794.834.15$19,280
Apr 201301,21393.964.28$5,195
Mar 201318664093.623.91$19,918
Feb 2013079191.233.42$2,705
Jan 20131861,06491.603.42$20,676
Dec 201201,16986.773.42$3,998
Nov 201217383386.953.62$18,062
Oct 20121731,21589.383.40$19,593
Sep 201201,25594.672.92$3,663
Aug 2012086892.662.91$2,524
Jul 20123491,43185.133.02$34,033
Jun 201216989479.822.52$15,742
May 201201,36291.612.49$3,389
Apr 20121792,455101.652.00$23,097
Mar 20121801,288105.052.22$21,771
Feb 20121881,770101.102.57$23,556
Jan 2012071498.092.73$1,952
Dec 2011074496.873.24$2,410
Nov 2011024395.723.31$805
Oct 2011037884.983.65$1,379
Sep 2011052983.623.99$2,108
Aug 20111812,91083.404.15$27,170
Jul 201103,37694.144.52$15,250
Jun 20111753,02592.904.64$30,293
May 20113642,86998.134.40$48,357
Apr 201102,828105.964.33$12,255
Mar 20113603,57196.364.06$49,178
Feb 201103,19785.644.18$13,363
Jan 20111813,97786.504.59$33,906
Dec 20103694,61085.734.35$51,678
Nov 20103603,28080.843.80$41,551
Oct 2010021278.103.51$744
Sep 2010084672.633.98$3,367
Aug 201003,68573.684.42$16,285
Jul 20101783,65072.554.74$30,202
Jun 20101753,83370.364.91$31,135
May 20101943,47471.124.24$28,510
Apr 20101751,48381.694.12$20,410
Mar 20103621,82778.394.39$36,395
Feb 20101823,65173.585.44$33,262
Jan 20101813,85274.365.96$36,433
Dec 20091734,33971.445.48$36,153
Nov 20091734,42874.593.75$29,516
Oct 20091784,70872.544.11$32,263
Sep 20091755,12365.543.06$27,170
Aug 20091786,30167.423.22$32,281
Jul 20093584,99561.133.46$39,190
Jun 20091822,20766.163.90$20,637
May 2009020354.743.93$797
Apr 20093594,56946.773.59$33,182
Mar 20093855,70442.144.06$39,376
Feb 20091875,82532.814.63$33,123
Jan 20093647,08735.865.37$51,117
Dec 20081817,35737.105.98$50,689
Nov 20083659,40255.496.86$84,755
Oct 200817872475.246.92$18,404
Sep 2008357817101.767.88$42,764
Aug 20083581,167114.228.48$50,790
Jul 20083601,881131.0811.39$68,612
Jun 2008197153131.3313.03$27,866
May 200807,133123.1711.57$82,559
Apr 200809,398110.3110.45$98,255
Mar 200809,152101.909.66$88,446
Feb 200806,20692.538.77$54,430
Jan 200808,71290.388.21$71,488
Dec 200709,49488.337.30$69,325
Nov 200719613,46491.677.29$116,143
Oct 2007022,96782.856.92$158,977
Sep 200704,68475.846.24$29,248

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.

Feb 2024 — as filed, then multipliedworked
Condensate            80 bbl  × $ 76.09 =     $6,087
Gas                  214 Mcf  × $  1.78 =       $382

────────────────────────────────────────────────────
Month total                                   $6,469

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/232376 is the state's own key, not one this site invented.