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 246578District 10Field 403112002 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.8 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 Gas112009-06-16191825
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
CondensateDisposition14,419 bbl$967,014
GasProduction462,643 Mcf$1,833,117
Total$2,800,131

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 35.7672, -100.3522. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.76715, -100.35218 · 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
10,828 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 10,828 ft.

Completions filed
Nov 2008
1 of 1 wells

1 well

42-2113430415H10,828 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 202248094.529.13$4,537
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 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
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 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 201991059.012.30$554
Nov 201902355.302.75$63
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 2018166359.543.11$9,893
Aug 201801,21359.403.07$3,720
Jul 201861,32865.142.93$4,284
Jun 201811,94760.183.08$6,051
May 201811,27265.382.90$3,755
Apr 201801,50463.842.90$4,363
Mar 20182001,56061.222.79$16,591
Feb 201811,50961.782.77$4,236
Jan 201811,89162.874.01$7,644
Dec 201711,16357.272.92$3,455
Nov 201711,68555.423.12$5,310
Oct 20171951,80249.292.98$14,988
Sep 201701,73347.523.09$5,350
Aug 201701,80645.373.00$5,426
Jul 20171761,80043.873.09$13,278
Jun 201701,71742.493.09$5,301
May 201701,76145.373.26$5,747
Apr 201701,72047.933.21$5,524
Mar 20171911,73846.772.98$14,119
Feb 201711,56650.452.95$4,674
Jan 201721,64449.413.42$5,719
Dec 201641,68348.763.72$6,461
Nov 2016901,62642.492.64$8,124
Oct 201651,67146.193.09$5,395
Sep 201651,53741.553.10$4,973
Aug 201641,44141.442.92$4,380
Jul 201661,26741.622.92$3,955
Jun 2016694845.352.69$2,818
May 201620087242.521.99$10,240
Apr 201651,08736.561.99$2,347
Mar 2016101,46033.011.79$2,949
Feb 20162002,21626.472.06$9,867
Jan 201672,72427.352.36$6,632
Dec 201542,85132.362.00$5,835
Nov 201522,81438.792.17$6,176
Oct 20151902,01343.552.43$13,159
Sep 201512,98942.992.76$8,288
Aug 201522,68040.162.87$7,779
Jul 201552,43248.152.95$7,403
Jun 20153882,24356.152.88$28,252
May 2015183,19355.212.96$10,431
Apr 201592,68649.822.71$7,718
Mar 201562,74442.892.93$8,310
Feb 201562,36944.662.98$7,319
Jan 20152011,62143.433.10$13,756
Dec 201462,51954.693.59$9,375
Nov 201452,08870.464.25$9,230
Oct 20141922,56978.303.90$25,055
Sep 201443,09386.164.05$12,857
Aug 20141863,30789.394.04$29,971
Jul 2014103,13996.564.18$14,085
Jun 20141983,20398.164.74$34,608
May 2014124,90194.734.73$24,302
Apr 20141992,21795.944.81$29,754
Mar 2014632795.895.06$2,229
Feb 2014828497.406.19$2,538
Jan 2014132,28590.404.86$12,282
Dec 20131961,50491.824.35$24,546
Nov 2013112,50588.853.74$10,342
Oct 201302,72497.423.78$10,295
Sep 20131912,381104.113.72$28,737
Aug 201302,195104.253.52$7,732
Jul 20131882,265102.523.72$27,694
Jun 201302,29394.403.93$9,019
May 201306,54094.834.15$27,135
Apr 20131912,97193.964.28$30,670
Mar 201302,66293.623.91$10,416
Feb 2013492,63991.233.42$13,495
Jan 201303,46191.603.42$11,836
Dec 201203,77286.773.42$12,901
Nov 20121953,11086.953.62$28,229
Oct 201202,37589.383.40$8,074
Sep 20121973,25094.672.92$28,135
Aug 201203,66392.662.91$10,653
Jul 20121963,41085.133.02$26,986
Jun 201203,63579.822.52$9,157
May 201203,36291.612.49$8,366
Apr 20121983,814101.652.00$27,743
Mar 20122003,604105.052.22$29,018
Feb 201204,531101.102.57$11,646
Jan 20121985,03398.092.73$33,182
Dec 20112064,45696.873.24$34,392
Nov 20112003,85795.723.31$31,916
Oct 201104,68784.983.65$17,101
Sep 201105,00283.623.99$19,937
Aug 20111965,45283.404.15$38,968
Jul 20112005,49194.144.52$43,632
Jun 201105,29592.904.64$24,568
May 20111955,45598.134.40$43,164
Apr 20111984,784105.964.33$41,710
Mar 20112003,63996.364.06$34,037
Feb 201102,68285.644.18$11,211
Jan 20111994,49686.504.59$37,845
Dec 201004,48785.734.35$19,508
Nov 20101934,75980.843.80$33,664
Oct 20101904,50478.103.51$30,643
Sep 20101852,91172.633.98$25,021
Aug 201005,10073.684.42$22,539
Jul 20101844,10272.554.74$32,778
Jun 20101925,76770.364.91$41,827
May 20101945,73171.124.24$38,069
Apr 20101966,36681.694.12$42,256
Mar 20101957,02078.394.39$46,095
Feb 20101946,24273.585.44$48,246
Jan 20103923,91274.365.96$52,481
Dec 200906,27171.445.48$34,389
Nov 20093835,61074.593.75$49,614
Oct 20091858,14072.544.11$46,877
Sep 20091878,57365.543.06$38,530
Aug 20091828,89467.423.22$40,896
Jul 20093719,62161.133.46$56,011
Jun 20091848,91666.163.90$46,901
May 200937610,54154.743.93$61,964
Apr 200939112,30146.773.59$62,417
Mar 200938014,76042.144.06$75,924
Feb 200957714,95432.814.63$88,213
Jan 200976219,64135.865.37$132,817
Dec 200875816,33837.105.98$125,776
Nov 200875112,69355.496.86$128,752

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            48 bbl  × $ 94.52 =     $4,537
Gas                    0 Mcf  × $  9.13 =         $0

────────────────────────────────────────────────────
Month total                                   $4,537

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/246578 is the state's own key, not one this site invented.