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 246576District 10Field 403112002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.3 M
Nov 2008 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
211
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 Gas112009-06-16191826
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
CondensateDisposition15,500 bbl$986,214
GasProduction775,345 Mcf$3,271,636
Total$4,257,849

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 35.7647, -100.3526. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.76470, -100.35259 · 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
11,058 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 11,058 ft.

Completions filed
Nov 2008
1 of 1 wells

1 well

42-2113424514H11,058 ftNov 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 (211)

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

211 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 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 202212094.529.13$1,134
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 202107577.435.24$393
Oct 2021050279.795.71$2,868
Sep 2021040269.865.35$2,151
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 2020035330.341.86$655
Feb 2020039849.881.98$788
Jan 2020043757.252.09$915
Dec 2019044359.012.30$1,021
Nov 2019048855.302.75$1,342
Oct 2019044853.472.42$1,084
Sep 2019049355.052.66$1,310
Aug 2019046653.112.30$1,074
Jul 2019050956.272.46$1,252
Jun 2019051152.782.49$1,273
May 2019046458.482.74$1,272
Apr 2019048662.632.75$1,337
Mar 2019051256.803.06$1,568
Feb 2019044250.852.79$1,234
Jan 2019048746.033.23$1,572
Dec 2018051046.594.19$2,135
Nov 2018049852.934.24$2,110
Oct 2018052261.443.40$1,774
Sep 2018050059.543.11$1,554
Aug 2018017859.403.07$546
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20171146.772.98$50
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 201610717242.492.64$5,001
Oct 2016240146.193.09$1,332
Sep 2016238441.553.10$1,274
Aug 2016135741.442.92$1,085
Jul 201652,92141.622.92$8,750
Jun 201662,86745.352.69$7,972
May 2016102,58442.521.99$5,570
Apr 201641,55436.561.99$3,240
Mar 2016667433.011.79$1,407
Feb 20161982,38826.472.06$10,169
Jan 201672,64827.352.36$6,452
Dec 20151951,95932.362.00$10,231
Nov 201522,19338.792.17$4,831
Oct 201522,06743.552.43$5,103
Sep 201512,88842.992.76$8,009
Aug 201523,49440.162.87$10,117
Jul 201553,14648.152.95$9,506
Jun 20151992,77156.152.88$19,162
May 2015154,19055.212.96$13,211
Apr 201583,41449.822.71$9,639
Mar 201563,09342.892.93$9,334
Feb 201562,24044.662.98$6,935
Jan 20151935,16043.433.10$24,381
Dec 201463,55554.693.59$13,095
Nov 201453,29670.464.25$14,366
Oct 20141943,08978.303.90$27,240
Sep 201454,21286.164.05$17,470
Aug 201464,25489.394.04$17,702
Jul 2014103,30796.564.18$14,788
Jun 20141984,44798.164.74$40,501
May 2014132,44794.734.73$12,797
Apr 20141992,53895.944.81$31,298
Mar 2014162,33995.895.06$13,362
Feb 2014143,27497.406.19$21,636
Jan 2014192,24190.404.86$12,610
Dec 2013162,68491.824.35$13,157
Nov 2013121,65388.853.74$7,246
Oct 20131833,53697.423.78$31,192
Sep 201303,371104.113.72$12,533
Aug 201301,769104.253.52$6,232
Jul 201301,221102.523.72$4,539
Jun 2013089094.403.93$3,501
May 2013063394.834.15$2,626
Apr 20131902,08993.964.28$26,799
Mar 2013099093.623.91$3,874
Feb 201301,69191.233.42$5,783
Jan 201303,55191.603.42$12,144
Dec 201203,91686.773.42$13,393
Nov 20121863,18886.953.62$27,729
Oct 201201,43989.383.40$4,892
Sep 201203,49494.672.92$10,197
Aug 20121943,54192.662.91$28,274
Jul 201201,13285.133.02$3,420
Jun 20121952,04479.822.52$20,714
May 201201,91691.612.49$4,768
Apr 201203,445101.652.00$6,879
Mar 20121983,066105.052.22$27,613
Feb 201205,080101.102.57$13,057
Jan 20122014,82798.092.73$32,913
Dec 20112035,82296.873.24$38,526
Nov 20112024,38395.723.31$33,849
Oct 201105,52884.983.65$20,169
Sep 20111975,67383.623.99$39,085
Aug 201106,65083.404.15$27,593
Jul 20111967,74594.144.52$53,437
Jun 20111947,49692.904.64$52,803
May 20111996,95398.134.40$50,155
Apr 201107,561105.964.33$32,764
Mar 20111978,06896.364.06$51,718
Feb 20111964,84585.644.18$37,037
Jan 201109,11886.504.59$41,841
Dec 20101948,48685.734.35$53,527
Nov 201019310,84080.843.80$56,744
Oct 201038112,58778.103.51$73,923
Sep 20101889,15772.633.98$50,094
Aug 201018215,11473.684.42$80,204
Jul 201018514,81772.554.74$83,602
Jun 201036819,16970.364.91$120,020
May 201019411,90771.124.24$64,226
Apr 201056715,85881.694.12$111,696
Mar 2010012,64078.394.39$55,473
Feb 201038515,74273.585.44$114,002
Jan 201058819,45674.365.96$159,761
Dec 200918814,71371.445.48$94,113
Nov 200918321,55074.593.75$94,495
Oct 200918612,39872.544.11$64,451
Sep 200936519,51965.543.06$83,743
Aug 200918627,94567.423.22$102,481
Jul 200936424,11961.133.46$105,812
Jun 200936227,52466.163.90$131,156
May 200955829,13054.743.93$144,902
Apr 200977128,31546.773.59$137,640
Mar 200976530,03042.144.06$154,129
Feb 200995827,17632.814.63$157,338
Jan 200986932,48035.865.37$205,612
Dec 20081,68150,97137.105.98$367,026
Nov 2008020,00555.496.86$137,242

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.

Aug 2022 — as filed, then multipliedworked
Condensate            12 bbl  × $ 94.52 =     $1,134
Gas                    0 Mcf  × $  9.13 =         $0

────────────────────────────────────────────────────
Month total                                   $1,134

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/246576 is the state's own key, not one this site invented.