HUDGINS

Name: HUDGINS lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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

Gas lease lease 25814District 10Field 68826001NGPA filingGasSave Export

Value, all time

$945 k

Jan 1993 – May 2026

Value, last 12 filed months

$25 k

at the published price for each month

Months reported

401

no gaps in the span

Streams

gas

The PANHANDLE, EAST field

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 2,114 leases and 2,114 wells, and the rule below applies to all of them.

Discovered

1935-12-10

as the register files it

Field class

Gas

the register's own label

Between wells

660 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1989-05-01.

The Commission's schedule remark for this field reads: “67% ACRES X SIWP + (PLUS) 33% DELIVERABILITY”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Gas	Production	264,611 Mcf	$945,361
Total			$945,361

43,473 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 35.3248, -100.6495. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.32481, -100.64951 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

—

no depth filed

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.

1 well


42-17900921	1	—	—	—	—

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 (401)

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

401 months


May 2026	465	106.41	3.05	$1,416
Apr 2026	421	98.93	2.87	$1,208
Mar 2026	721	89.75	3.15	$2,271
Feb 2026	441	63.50	3.75	$1,654
Jan 2026	471	59.13	8.00	$3,767
Dec 2025	516	56.66	4.41	$2,277
Nov 2025	471	58.59	3.93	$1,849
Oct 2025	544	59.38	3.30	$1,798
Sep 2025	667	62.74	3.08	$2,052
Aug 2025	657	63.93	3.01	$1,981
Jul 2025	650	66.74	3.32	$2,155
Jun 2025	669	66.48	3.13	$2,093
May 2025	573	60.55	3.23	$1,852
Apr 2025	680	62.36	3.54	$2,409
Mar 2025	812	67.70	4.27	$3,466
Feb 2025	752	70.88	4.34	$3,264
Jan 2025	792	74.32	4.28	$3,389
Dec 2024	606	68.99	3.12	$1,892
Nov 2024	674	69.05	2.20	$1,482
Oct 2024	624	71.37	2.28	$1,424
Sep 2024	507	69.61	2.36	$1,199
Aug 2024	617	75.63	2.06	$1,273
Jul 2024	217	79.93	2.15	$466
Jun 2024	502	78.08	2.63	$1,322
May 2024	654	78.81	2.20	$1,438
Apr 2024	490	84.45	1.66	$813
Mar 2024	453	80.30	1.55	$700
Feb 2024	570	76.09	1.78	$1,017
Jan 2024	723	73.02	3.30	$2,384
Dec 2023	745	71.26	2.61	$1,945
Nov 2023	712	77.89	2.81	$1,999
Oct 2023	589	85.44	3.09	$1,818
Sep 2023	665	89.04	2.74	$1,819
Aug 2023	664	80.52	2.67	$1,775
Jul 2023	485	74.85	2.64	$1,281
Jun 2023	470	68.96	2.26	$1,061
May 2023	764	70.62	2.23	$1,702
Apr 2023	0	78.12	2.24	$0
Mar 2023	482	72.85	2.39	$1,154
Feb 2023	0	75.11	2.47	$0
Jan 2023	488	76.53	3.39	$1,653
Dec 2022	485	76.41	5.73	$2,779
Nov 2022	473	85.00	5.65	$2,671
Oct 2022	441	87.18	5.86	$2,586
Sep 2022	486	84.88	8.16	$3,968
Aug 2022	494	94.52	9.13	$4,509
Jul 2022	497	101.58	7.54	$3,748
Jun 2022	471	115.09	7.98	$3,757
May 2022	499	109.37	8.43	$4,208
Apr 2022	457	104.22	6.84	$3,125
Mar 2022	484	108.88	5.08	$2,457
Feb 2022	439	91.05	4.86	$2,133
Jan 2022	476	81.84	4.54	$2,160
Dec 2021	501	71.32	3.90	$1,953
Nov 2021	479	77.43	5.24	$2,508
Oct 2021	501	79.79	5.71	$2,863
Sep 2021	493	69.86	5.35	$2,638
Aug 2021	508	66.02	4.22	$2,144
Jul 2021	506	70.78	3.98	$2,015
Jun 2021	509	69.49	3.38	$1,721
May 2021	523	63.48	3.02	$1,578
Apr 2021	400	60.36	2.76	$1,103
Mar 2021	471	61.30	2.72	$1,280
Feb 2021	328	57.80	5.55	$1,820
Jan 2021	532	50.41	2.81	$1,495
Dec 2020	351	44.64	2.68	$939
Nov 2020	434	38.77	2.71	$1,175
Oct 2020	445	36.97	2.48	$1,103
Sep 2020	432	37.09	1.99	$860
Aug 2020	460	39.98	2.39	$1,097
Jul 2020	389	38.37	1.83	$710
Jun 2020	0	34.90	1.69	$0
May 2020	0	16.92	1.81	$0
Apr 2020	0	14.75	1.80	$0
Mar 2020	523	30.34	1.86	$971
Feb 2020	0	49.88	1.98	$0
Jan 2020	545	57.25	2.09	$1,142
Dec 2019	565	59.01	2.30	$1,302
Nov 2019	441	55.30	2.75	$1,213
Oct 2019	531	53.47	2.42	$1,284
Sep 2019	507	55.05	2.66	$1,347
Aug 2019	514	53.11	2.30	$1,184
Jul 2019	522	56.27	2.46	$1,284
Jun 2019	505	52.78	2.49	$1,258
May 2019	557	58.48	2.74	$1,526
Apr 2019	494	62.63	2.75	$1,359
Mar 2019	560	56.80	3.06	$1,715
Feb 2019	512	50.85	2.79	$1,430
Jan 2019	555	46.03	3.23	$1,792
Dec 2018	573	46.59	4.19	$2,398
Nov 2018	552	52.93	4.24	$2,339
Oct 2018	548	61.44	3.40	$1,862
Sep 2018	519	59.54	3.11	$1,613
Aug 2018	2,343	59.40	3.07	$7,185
Jul 2018	2,365	65.14	2.93	$6,934
Jun 2018	2,183	60.18	3.08	$6,717
May 2018	244	65.38	2.90	$708
Apr 2018	204	63.84	2.90	$592
Mar 2018	0	61.22	2.79	$0
Feb 2018	222	61.78	2.77	$614
Jan 2018	303	62.87	4.01	$1,215
Dec 2017	259	57.27	2.92	$757
Nov 2017	239	55.42	3.12	$745
Oct 2017	370	49.29	2.98	$1,104
Sep 2017	322	47.52	3.09	$994
Aug 2017	348	45.37	3.00	$1,046
Jul 2017	347	43.87	3.09	$1,071
Jun 2017	344	42.49	3.09	$1,062
May 2017	394	45.37	3.26	$1,286
Apr 2017	199	47.93	3.21	$639
Mar 2017	552	46.77	2.98	$1,647
Feb 2017	0	50.45	2.95	$0
Jan 2017	401	49.41	3.42	$1,371
Dec 2016	450	48.76	3.72	$1,675
Nov 2016	554	42.49	2.64	$1,465
Oct 2016	633	46.19	3.09	$1,956
Sep 2016	583	41.55	3.10	$1,808
Aug 2016	592	41.44	2.92	$1,731
Jul 2016	591	41.62	2.92	$1,728
Jun 2016	497	45.35	2.69	$1,335
May 2016	572	42.52	1.99	$1,139
Apr 2016	574	36.56	1.99	$1,143
Mar 2016	595	33.01	1.79	$1,067
Feb 2016	554	26.47	2.06	$1,143
Jan 2016	619	27.35	2.36	$1,464
Dec 2015	601	32.36	2.00	$1,203
Nov 2015	584	38.79	2.17	$1,266
Oct 2015	518	43.55	2.43	$1,257
Sep 2015	482	42.99	2.76	$1,330
Aug 2015	554	40.16	2.87	$1,591
Jul 2015	558	48.15	2.95	$1,643
Jun 2015	532	56.15	2.88	$1,534
May 2015	585	55.21	2.96	$1,729
Apr 2015	573	49.82	2.71	$1,551
Mar 2015	604	42.89	2.93	$1,773
Feb 2015	535	44.66	2.98	$1,592
Jan 2015	600	43.43	3.10	$1,860
Dec 2014	601	54.69	3.59	$2,158
Nov 2014	564	70.46	4.25	$2,398
Oct 2014	604	78.30	3.90	$2,356
Sep 2014	574	86.16	4.05	$2,322
Aug 2014	538	89.39	4.04	$2,171
Jul 2014	532	96.56	4.18	$2,224
Jun 2014	533	98.16	4.74	$2,525
May 2014	558	94.73	4.73	$2,637
Apr 2014	556	95.94	4.81	$2,674
Mar 2014	598	95.89	5.06	$3,024
Feb 2014	541	97.40	6.19	$3,350
Jan 2014	575	90.40	4.86	$2,795
Dec 2013	552	91.82	4.35	$2,404
Nov 2013	595	88.85	3.74	$2,224
Oct 2013	594	97.42	3.78	$2,245
Sep 2013	561	104.11	3.72	$2,086
Aug 2013	564	104.25	3.52	$1,987
Jul 2013	566	102.52	3.72	$2,104
Jun 2013	579	94.40	3.93	$2,277
May 2013	602	94.83	4.15	$2,498
Apr 2013	536	93.96	4.28	$2,295
Mar 2013	569	93.62	3.91	$2,226
Feb 2013	520	91.23	3.42	$1,778
Jan 2013	560	91.60	3.42	$1,915
Dec 2012	617	86.77	3.42	$2,110
Nov 2012	589	86.95	3.62	$2,135
Oct 2012	614	89.38	3.40	$2,087
Sep 2012	576	94.67	2.92	$1,681
Aug 2012	581	92.66	2.91	$1,690
Jul 2012	586	85.13	3.02	$1,770
Jun 2012	569	79.82	2.52	$1,433
May 2012	605	91.61	2.49	$1,505
Apr 2012	594	101.65	2.00	$1,186
Mar 2012	623	105.05	2.22	$1,384
Feb 2012	589	101.10	2.57	$1,514
Jan 2012	625	98.09	2.73	$1,709
Dec 2011	632	96.87	3.24	$2,048
Nov 2011	624	95.72	3.31	$2,066
Oct 2011	626	84.98	3.65	$2,284
Sep 2011	593	83.62	3.99	$2,364
Aug 2011	620	83.40	4.15	$2,573
Jul 2011	611	94.14	4.52	$2,760
Jun 2011	605	92.90	4.64	$2,807
May 2011	624	98.13	4.40	$2,749
Apr 2011	608	105.96	4.33	$2,635
Mar 2011	638	96.36	4.06	$2,589
Feb 2011	576	85.64	4.18	$2,408
Jan 2011	633	86.50	4.59	$2,905
Dec 2010	627	85.73	4.35	$2,726
Nov 2010	609	80.84	3.80	$2,311
Oct 2010	399	78.10	3.51	$1,400
Sep 2010	382	72.63	3.98	$1,520
Aug 2010	414	73.68	4.42	$1,830
Jul 2010	621	72.55	4.74	$2,941
Jun 2010	574	70.36	4.91	$2,819
May 2010	665	71.12	4.24	$2,816
Apr 2010	613	81.69	4.12	$2,527
Mar 2010	633	78.39	4.39	$2,778
Feb 2010	549	73.58	5.44	$2,988
Jan 2010	617	74.36	5.96	$3,680
Dec 2009	619	71.44	5.48	$3,394
Nov 2009	621	74.59	3.75	$2,330
Oct 2009	632	72.54	4.11	$2,598
Sep 2009	629	65.54	3.06	$1,928
Aug 2009	658	67.42	3.22	$2,118
Jul 2009	659	61.13	3.46	$2,283
Jun 2009	649	66.16	3.90	$2,528
May 2009	651	54.74	3.93	$2,556
Apr 2009	639	46.77	3.59	$2,292
Mar 2009	641	42.14	4.06	$2,602
Feb 2009	579	32.81	4.63	$2,683
Jan 2009	646	35.86	5.37	$3,470
Dec 2008	656	37.10	5.98	$3,921
Nov 2008	571	55.49	6.86	$3,917
Oct 2008	644	75.24	6.92	$4,458
Sep 2008	635	101.76	7.88	$5,002
Aug 2008	669	114.22	8.48	$5,675
Jul 2008	653	131.08	11.39	$7,437
Jun 2008	649	131.33	13.03	$8,458
May 2008	668	123.17	11.57	$7,732
Apr 2008	634	110.31	10.45	$6,628
Mar 2008	655	101.90	9.66	$6,330
Feb 2008	609	92.53	8.77	$5,341
Jan 2008	640	90.38	8.21	$5,252
Dec 2007	655	88.33	7.30	$4,783
Nov 2007	635	91.67	7.29	$4,630
Oct 2007	680	82.85	6.92	$4,707
Sep 2007	660	75.84	6.24	$4,121
Aug 2007	678	69.06	6.39	$4,331
Jul 2007	689	70.90	6.39	$4,401
Jun 2007	662	62.00	7.55	$4,997
May 2007	676	58.74	7.85	$5,304
Apr 2007	660	59.61	7.81	$5,151
Mar 2007	676	56.92	7.30	$4,936
Feb 2007	551	55.10	8.22	$4,527
Jan 2007	675	50.30	6.73	$4,541
Dec 2006	683	56.65	6.92	$4,725
Nov 2006	672	54.20	7.62	$5,119
Oct 2006	695	54.90	6.01	$4,180
Sep 2006	693	60.08	5.04	$3,491
Aug 2006	721	68.71	7.34	$5,292
Jul 2006	729	69.37	6.34	$4,624
Jun 2006	687	66.28	6.38	$4,386
May 2006	719	66.01	6.42	$4,620
Apr 2006	799	64.39	7.36	$5,881
Mar 2006	651	56.70	7.08	$4,611
Feb 2006	602	57.59	7.75	$4,666
Jan 2006	701	60.59	8.93	$6,262
Dec 2005	690	54.94	13.42	$9,257
Nov 2005	677	54.69	10.59	$7,168
Oct 2005	700	58.34	13.80	$9,657
Sep 2005	685	61.45	12.08	$8,274
Aug 2005	710	61.51	9.80	$6,956
Jul 2005	717	55.69	7.84	$5,624
Jun 2005	705	52.33	7.38	$5,204
May 2005	732	45.22	6.65	$4,869
Apr 2005	712	49.20	7.36	$5,241
Mar 2005	723	50.37	7.15	$5,173
Feb 2005	651	45.22	6.31	$4,109
Jan 2005	707	43.16	6.32	$4,470
Dec 2004	672	39.86	6.75	$4,537
Nov 2004	700	45.28	6.33	$4,431
Oct 2004	733	49.70	6.52	$4,776
Sep 2004	712	43.24	5.28	$3,762
Aug 2004	750	42.37	5.55	$4,163
Jul 2004	745	38.28	6.08	$4,533
Jun 2004	717	36.10	6.43	$4,612
May 2004	734	37.48	6.49	$4,767
Apr 2004	683	34.47	5.86	$4,001
Mar 2004	707	34.36	5.53	$3,910
Feb 2004	668	32.45	5.51	$3,680
Jan 2004	709	32.03	6.30	$4,466
Dec 2003	738	30.26	6.30	$4,651
Nov 2003	706	28.80	4.60	$3,244
Oct 2003	753	28.17	4.76	$3,584
Sep 2003	803	26.31	4.75	$3,814
Aug 2003	779	29.76	5.13	$3,996
Jul 2003	779	29.41	5.17	$4,028
Jun 2003	729	28.56	5.98	$4,362
May 2003	745	26.59	5.97	$4,450
Apr 2003	746	26.67	5.41	$4,034
Mar 2003	755	31.14	6.10	$4,603
Feb 2003	632	33.48	7.93	$5,009
Jan 2003	721	30.31	5.58	$4,025
Dec 2002	708	26.91	4.85	$3,436
Nov 2002	712	24.66	4.14	$2,946
Oct 2002	742	26.46	4.23	$3,138
Sep 2002	734	27.44	3.64	$2,668
Aug 2002	759	25.96	3.16	$2,402
Jul 2002	763	24.58	3.06	$2,336
Jun 2002	780	23.73	3.34	$2,604
May 2002	779	24.66	3.58	$2,792
Apr 2002	742	23.65	3.51	$2,606
Mar 2002	773	22.00	3.10	$2,398
Feb 2002	696	18.22	2.38	$1,653
Jan 2002	753	17.17	2.38	$1,789
Dec 2001	752	16.93	2.36	$1,778
Nov 2001	722	18.07	2.41	$1,737
Oct 2001	789	19.78	2.53	$1,995
Sep 2001	745	24.26	2.25	$1,677
Aug 2001	800	24.87	3.05	$2,443
Jul 2001	723	23.93	3.20	$2,311
Jun 2001	763	24.56	3.82	$2,918
May 2001	768	25.52	4.31	$3,308
Apr 2001	798	24.68	5.34	$4,258
Mar 2001	791	24.54	5.38	$4,253
Feb 2001	645	27.75	5.77	$3,720
Jan 2001	757	27.47	8.40	$6,358
Dec 2000	753	26.88	9.12	$6,869
Nov 2000	751	32.21	5.66	$4,249
Oct 2000	783	31.23	5.15	$4,029
Sep 2000	770	31.87	5.19	$3,994
Aug 2000	800	29.64	4.54	$3,633
Jul 2000	895	28.53	4.09	$3,660
Jun 2000	817	29.30	4.40	$3,593
May 2000	705	27.26	3.68	$2,594
Apr 2000	705	24.51	3.12	$2,197
Mar 2000	774	28.42	2.86	$2,213
Feb 2000	832	27.62	2.73	$2,268
Jan 2000	704	25.27	2.48	$1,746
Dec 1999	837	24.28	2.42	$2,029
Nov 1999	812	23.19	2.43	$1,976
Oct 1999	790	20.98	2.80	$2,215
Sep 1999	834	21.75	2.62	$2,184
Aug 1999	790	19.26	2.88	$2,272
Jul 1999	760	17.89	2.37	$1,803
Jun 1999	830	15.94	2.36	$1,961
May 1999	755	15.79	2.32	$1,752
Apr 1999	807	15.10	2.21	$1,782
Mar 1999	824	12.47	1.84	$1,515
Feb 1999	804	9.98	1.82	$1,462
Jan 1999	771	10.38	1.90	$1,465
Dec 1998	819	9.20	1.77	$1,452
Nov 1998	835	10.89	2.19	$1,825
Oct 1998	845	12.42	1.97	$1,664
Sep 1998	893	12.59	2.08	$1,860
Aug 1998	811	11.30	1.91	$1,547
Jul 1998	878	11.74	2.24	$1,964
Jun 1998	870	11.24	2.24	$1,946
May 1998	840	12.62	2.21	$1,853
Apr 1998	831	13.04	2.51	$2,082
Mar 1998	846	12.80	2.31	$1,954
Feb 1998	758	13.95	2.30	$1,743
Jan 1998	866	14.70	2.15	$1,866
Dec 1997	841	16.32	2.41	$2,028
Nov 1997	836	18.19	3.09	$2,582
Oct 1997	847	19.25	3.15	$2,668
Sep 1997	884	17.74	2.95	$2,612
Aug 1997	856	17.86	2.55	$2,187
Jul 1997	865	17.58	2.25	$1,944
Jun 1997	888	17.24	2.26	$2,004
May 1997	860	18.97	2.31	$1,985
Apr 1997	842	17.88	2.08	$1,754
Mar 1997	877	18.95	1.94	$1,701
Feb 1997	842	20.49	2.21	$1,857
Jan 1997	829	23.48	3.54	$2,934
Dec 1996	874	23.32	—	$0
Nov 1996	856	21.97	—	$0
Oct 1996	867	23.31	—	$0
Sep 1996	898	22.22	—	$0
Aug 1996	909	20.26	—	$0
Jul 1996	946	19.55	—	$0
Jun 1996	885	18.73	—	$0
May 1996	877	19.43	—	$0
Apr 1996	900	21.51	—	$0
Mar 1996	861	19.38	—	$0
Feb 1996	836	16.98	—	$0
Jan 1996	880	17.07	—	$0
Dec 1995	878	17.19	—	$0
Nov 1995	880	16.00	—	$0
Oct 1995	944	15.43	—	$0
Sep 1995	926	16.18	—	$0
Aug 1995	1,021	15.92	—	$0
Jul 1995	892	15.24	—	$0
Jun 1995	922	16.41	—	$0
May 1995	967	17.56	—	$0
Apr 1995	876	17.73	—	$0
Mar 1995	844	16.44	—	$0
Feb 1995	846	16.58	—	$0
Jan 1995	905	15.92	—	$0
Dec 1994	900	15.03	—	$0
Nov 1994	946	15.90	—	$0
Oct 1994	866	15.58	—	$0
Sep 1994	901	15.29	—	$0
Aug 1994	979	16.13	—	$0
Jul 1994	917	17.56	—	$0
Jun 1994	903	17.09	—	$0
May 1994	921	15.88	—	$0
Apr 1994	902	14.14	—	$0
Mar 1994	988	12.46	—	$0
Feb 1994	809	12.50	—	$0
Jan 1994	864	12.66	—	$0
Dec 1993	926	12.33	—	$0
Nov 1993	921	14.49	—	$0
Oct 1993	911	15.85	—	$0
Sep 1993	921	15.03	—	$0
Aug 1993	985	15.66	—	$0
Jul 1993	956	15.46	—	$0
Jun 1993	956	16.79	—	$0
May 1993	896	17.68	—	$0
Apr 1993	914	18.05	—	$0
Mar 1993	966	18.14	—	$0
Feb 1993	839	17.90	—	$0
Jan 1993	896	16.93	—	$0

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

Gas                  465 Mcf  × $  3.05 =     $1,416

────────────────────────────────────────────────────
Month total                                   $1,416

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/25814 is the state's own key, not one this site invented.