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PHIPPS

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 26243District 10Field 68826001NGPA filingGasSaveExport
Value, all time
$622 k
Jan 1993 – May 2026
Value, last 12 filed months
$11 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
1
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.

ProgrammeFilingsWith an approval dateDatedDocket
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
GasProduction177,210 Mcf$621,895
Total$621,895

32,566 Mcf of this lease's gas, across 47 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 35.1207, -100.2521. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.12070, -100.25206 · 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
—
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.

Completions filed
May 1958
1 of 1 wells

1 well

42-087001741—May 1958——

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 2026243106.413.05$740
Apr 202621698.932.87$620
Mar 202623089.753.15$724
Feb 202622263.503.75$833
Jan 202626959.138.00$2,151
Dec 202528056.664.41$1,236
Nov 202524758.593.93$970
Oct 202528259.383.30$932
Sep 202523062.743.08$708
Aug 202524863.933.01$748
Jul 202527866.743.32$922
Jun 202520566.483.13$641
May 202528160.553.23$908
Apr 202527462.363.54$971
Mar 202529667.704.27$1,263
Feb 202524870.884.34$1,077
Jan 202529774.324.28$1,271
Dec 202432468.993.12$1,011
Nov 202427869.052.20$611
Oct 202426871.372.28$611
Sep 202426569.612.36$627
Aug 202428875.632.06$594
Jul 202430579.932.15$655
Jun 202428978.082.63$761
May 202433978.812.20$745
Apr 202425584.451.66$423
Mar 202429880.301.55$460
Feb 202429576.091.78$526
Jan 202430373.023.30$999
Dec 202324971.262.61$650
Nov 202332077.892.81$898
Oct 202331485.443.09$969
Sep 202331889.042.74$870
Aug 202333580.522.67$895
Jul 202328874.852.64$761
Jun 202329568.962.26$666
May 202332970.622.23$733
Apr 202325478.122.24$568
Mar 202316772.852.39$400
Feb 202315475.112.47$380
Jan 202327376.533.39$925
Dec 202231476.415.73$1,799
Nov 202227385.005.65$1,541
Oct 202227787.185.86$1,624
Sep 202224984.888.16$2,033
Aug 202227994.529.13$2,546
Jul 2022283101.587.54$2,134
Jun 2022273115.097.98$2,178
May 2022309109.378.43$2,606
Apr 2022283104.226.84$1,935
Mar 2022308108.885.08$1,564
Feb 202226991.054.86$1,307
Jan 202230281.844.54$1,370
Dec 202130571.323.90$1,189
Nov 202127177.435.24$1,419
Oct 202131479.795.71$1,794
Sep 202130669.865.35$1,637
Aug 202130766.024.22$1,296
Jul 202134570.783.98$1,374
Jun 202130569.493.38$1,031
May 202133763.483.02$1,017
Apr 202130560.362.76$841
Mar 202135361.302.72$959
Feb 202127957.805.55$1,548
Jan 202132050.412.81$899
Dec 202023944.642.68$639
Nov 202037438.772.71$1,012
Oct 202035736.972.48$885
Sep 202035037.091.99$697
Aug 202031239.982.39$744
Jul 202026338.371.83$480
Jun 202026334.901.69$445
May 202024016.921.81$436
Apr 202024914.751.80$449
Mar 202024430.341.86$453
Feb 202021449.881.98$424
Jan 202023757.252.09$496
Dec 201923959.012.30$551
Nov 201926655.302.75$732
Oct 201930453.472.42$735
Sep 201927055.052.66$717
Aug 201929653.112.30$682
Jul 201934356.272.46$844
Jun 201932652.782.49$812
May 201925258.482.74$691
Apr 201927462.632.75$754
Mar 201927356.803.06$836
Feb 201928050.852.79$782
Jan 201928146.033.23$907
Dec 201829346.594.19$1,226
Nov 201826852.934.24$1,136
Oct 201829561.443.40$1,002
Sep 201831259.543.11$970
Aug 201833559.403.07$1,027
Jul 201832665.142.93$956
Jun 201832360.183.08$994
May 201833065.382.90$957
Apr 201831863.842.90$922
Mar 201834361.222.79$956
Feb 201829961.782.77$827
Jan 201834162.874.01$1,367
Dec 201732757.272.92$955
Nov 201731155.423.12$970
Oct 201731449.292.98$937
Sep 201732047.523.09$988
Aug 201731745.373.00$952
Jul 201731443.873.09$969
Jun 201732742.493.09$1,010
May 201732245.373.26$1,051
Apr 201731547.933.21$1,012
Mar 201730446.772.98$907
Feb 201729850.452.95$880
Jan 201734549.413.42$1,179
Dec 201635448.763.72$1,318
Nov 201633042.492.64$873
Oct 201634746.193.09$1,072
Sep 201635241.553.10$1,091
Aug 201624241.442.92$708
Jul 201634441.622.92$1,006
Jun 201632945.352.69$884
May 201634542.521.99$687
Apr 201633136.561.99$659
Mar 201634733.011.79$623
Feb 201632426.472.06$669
Jan 201635227.352.36$832
Dec 201535832.362.00$717
Nov 201531838.792.17$689
Oct 201535243.552.43$854
Sep 201535042.992.76$965
Aug 201536040.162.87$1,034
Jul 201536748.152.95$1,081
Jun 201537556.152.88$1,081
May 201537955.212.96$1,120
Apr 201536049.822.71$974
Mar 201538842.892.93$1,139
Feb 201529744.662.98$884
Jan 201536243.433.10$1,122
Dec 201436654.693.59$1,314
Nov 201433270.464.25$1,412
Oct 201436178.303.90$1,408
Sep 201435086.164.05$1,416
Aug 201437589.394.04$1,513
Jul 201436696.564.18$1,530
Jun 201435698.164.74$1,686
May 201436994.734.73$1,744
Apr 201436695.944.81$1,760
Mar 201436395.895.06$1,836
Feb 201432797.406.19$2,025
Jan 201436990.404.86$1,794
Dec 201337491.824.35$1,629
Nov 201335888.853.74$1,338
Oct 201336997.423.78$1,395
Sep 2013372104.113.72$1,383
Aug 2013401104.253.52$1,413
Jul 2013395102.523.72$1,469
Jun 201336894.403.93$1,447
May 201338294.834.15$1,585
Apr 201336993.964.28$1,580
Mar 201338093.623.91$1,487
Feb 201334691.233.42$1,183
Jan 201336991.603.42$1,262
Dec 201238686.773.42$1,320
Nov 201234786.953.62$1,258
Oct 201240089.383.40$1,360
Sep 201238494.672.92$1,121
Aug 201241092.662.91$1,192
Jul 201241285.133.02$1,245
Jun 201238479.822.52$967
May 201238791.612.49$963
Apr 2012391101.652.00$781
Mar 2012387105.052.22$860
Feb 2012375101.102.57$964
Jan 201239798.092.73$1,085
Dec 201140796.873.24$1,319
Nov 201138995.723.31$1,288
Oct 201143084.983.65$1,569
Sep 201141183.623.99$1,638
Aug 201141583.404.15$1,722
Jul 201141694.144.52$1,879
Jun 201140292.904.64$1,865
May 201149598.134.40$2,180
Apr 2011420105.964.33$1,820
Mar 201140796.364.06$1,651
Feb 201137985.644.18$1,584
Jan 201136586.504.59$1,675
Dec 201041585.734.35$1,804
Nov 201040780.843.80$1,545
Oct 201043378.103.51$1,519
Sep 201042672.633.98$1,695
Aug 201043973.684.42$1,940
Jul 201042772.554.74$2,022
Jun 201043270.364.91$2,121
May 201044071.124.24$1,864
Apr 201042181.694.12$1,736
Mar 201045078.394.39$1,975
Feb 201040973.585.44$2,226
Jan 201046874.365.96$2,791
Dec 200945171.445.48$2,473
Nov 200941274.593.75$1,546
Oct 200946872.544.11$1,924
Sep 200945365.543.06$1,388
Aug 200946967.423.22$1,509
Jul 200943861.133.46$1,517
Jun 200935966.163.90$1,398
May 200946754.743.93$1,833
Apr 200942146.773.59$1,510
Mar 200944842.144.06$1,818
Feb 200942332.814.63$1,960
Jan 200946535.865.37$2,498
Dec 200845237.105.98$2,702
Nov 200844555.496.86$3,053
Oct 200847475.246.92$3,281
Sep 2008473101.767.88$3,726
Aug 2008453114.228.48$3,843
Jul 2008438131.0811.39$4,989
Jun 2008444131.3313.03$5,786
May 2008477123.1711.57$5,521
Apr 2008429110.3110.45$4,485
Mar 2008473101.909.66$4,571
Feb 200842792.538.77$3,745
Jan 200846090.388.21$3,775
Dec 200742388.337.30$3,089
Nov 200746891.677.29$3,413
Oct 200749882.856.92$3,447
Sep 200748175.846.24$3,003
Aug 200751269.066.39$3,271
Jul 200753670.906.39$3,424
Jun 200735362.007.55$2,665
May 200748358.747.85$3,790
Apr 200745659.617.81$3,559
Mar 200746756.927.30$3,410
Feb 200739855.108.22$3,270
Jan 200749150.306.73$3,303
Dec 200649556.656.92$3,425
Nov 200647854.207.62$3,641
Oct 200649254.906.01$2,959
Sep 200644760.085.04$2,252
Aug 200645468.717.34$3,332
Jul 200644069.376.34$2,791
Jun 200643966.286.38$2,803
May 200646666.016.42$2,994
Apr 200646764.397.36$3,437
Mar 200649856.707.08$3,527
Feb 200639557.597.75$3,062
Jan 200645660.598.93$4,074
Dec 200547254.9413.42$6,332
Nov 200546154.6910.59$4,881
Oct 200548958.3413.80$6,746
Sep 200549261.4512.08$5,943
Aug 200551961.519.80$5,085
Jul 200549855.697.84$3,906
Jun 200541352.337.38$3,048
May 200548445.226.65$3,219
Apr 200548149.207.36$3,540
Mar 200546650.377.15$3,334
Feb 200540445.226.31$2,550
Jan 200539743.166.32$2,510
Dec 200444539.866.75$3,004
Nov 200445145.286.33$2,855
Oct 200449749.706.52$3,238
Sep 200448943.245.28$2,584
Aug 200451742.375.55$2,870
Jul 200451438.286.08$3,127
Jun 200449736.106.43$3,197
May 200450137.486.49$3,254
Apr 200447734.475.86$2,794
Mar 200449334.365.53$2,726
Feb 200446632.455.51$2,567
Jan 200451532.036.30$3,244
Dec 200352730.266.30$3,321
Nov 200354128.804.60$2,486
Oct 200348628.174.76$2,313
Sep 200343526.314.75$2,066
Aug 200347829.765.13$2,452
Jul 200349229.415.17$2,544
Jun 200347228.565.98$2,824
May 200346826.595.97$2,795
Apr 200344226.675.41$2,390
Mar 200345831.146.10$2,792
Feb 200340433.487.93$3,202
Jan 200343830.315.58$2,445
Dec 200245826.914.85$2,223
Nov 200244224.664.14$1,829
Oct 200247026.464.23$1,988
Sep 200243827.443.64$1,592
Aug 200254425.963.16$1,721
Jul 200253124.583.06$1,626
Jun 200251523.733.34$1,719
May 200253424.663.58$1,914
Apr 200249223.653.51$1,728
Mar 200249722.003.10$1,542
Feb 200244818.222.38$1,064
Jan 200250617.172.38$1,202
Dec 200150316.932.36$1,189
Nov 200150918.072.41$1,224
Oct 200153919.782.53$1,363
Sep 200155624.262.25$1,252
Aug 200150524.873.05$1,542
Jul 200152123.933.20$1,666
Jun 200154324.563.82$2,077
May 200154325.524.31$2,339
Apr 200151824.685.34$2,764
Mar 200150324.545.38$2,704
Feb 200145727.755.77$2,636
Jan 200154727.478.40$4,594
Dec 200050326.889.12$4,589
Nov 200056432.215.66$3,191
Oct 200059331.235.15$3,051
Sep 200061731.875.19$3,200
Aug 200060929.644.54$2,765
Jul 200065628.534.09$2,683
Jun 200055929.304.40$2,458
May 200058227.263.68$2,142
Apr 200053024.513.12$1,651
Mar 200055128.422.86$1,576
Feb 200056627.622.73$1,543
Jan 200059625.272.48$1,478
Dec 199957624.282.42$1,396
Nov 199955923.192.43$1,361
Oct 199957320.982.80$1,607
Sep 199962721.752.62$1,642
Aug 199969619.262.88$2,001
Jul 199965617.892.37$1,556
Jun 199963015.942.36$1,488
May 199963315.792.32$1,469
Apr 199964615.102.21$1,426
Mar 199963012.471.84$1,158
Feb 19996119.981.82$1,111
Jan 199970710.381.90$1,343
Dec 19987199.201.77$1,275
Nov 199872310.892.19$1,580
Oct 199863012.421.97$1,241
Sep 199854112.592.08$1,127
Aug 199863611.301.91$1,213
Jul 199856511.742.24$1,264
Jun 199840911.242.24$915
May 199851912.622.21$1,145
Apr 199850913.042.51$1,275
Mar 199857512.802.31$1,328
Feb 199857913.952.30$1,331
Jan 199858414.702.15$1,258
Dec 199768816.322.41$1,659
Nov 199768818.193.09$2,125
Oct 199769019.253.15$2,173
Sep 199764517.742.95$1,906
Aug 199764817.862.55$1,655
Jul 199766717.582.25$1,499
Jun 199766417.242.26$1,499
May 199766518.972.31$1,535
Apr 199751617.882.08$1,075
Mar 199762418.951.94$1,210
Feb 199755020.492.21$1,213
Jan 199766323.483.54$2,347
Dec 199664123.32—$0
Nov 199665221.97—$0
Oct 199666823.31—$0
Sep 199669122.22—$0
Aug 199663120.26—$0
Jul 199670819.55—$0
Jun 199664718.73—$0
May 199670419.43—$0
Apr 199663521.51—$0
Mar 199666219.38—$0
Feb 199665616.98—$0
Jan 199668017.07—$0
Dec 199575917.19—$0
Nov 199558516.00—$0
Oct 199557615.43—$0
Sep 199554116.18—$0
Aug 199566115.92—$0
Jul 199561515.24—$0
Jun 199557916.41—$0
May 199563117.56—$0
Apr 199558817.73—$0
Mar 199569716.44—$0
Feb 199559616.58—$0
Jan 199570015.92—$0
Dec 199475115.03—$0
Nov 199470015.90—$0
Oct 199466615.58—$0
Sep 199473515.29—$0
Aug 199458116.13—$0
Jul 199467617.56—$0
Jun 1994017.09—$0
May 199473915.88—$0
Apr 199466614.14—$0
Mar 199470812.46—$0
Feb 199465612.50—$0
Jan 199478012.66—$0
Dec 199379012.33—$0
Nov 199382214.49—$0
Oct 199383315.85—$0
Sep 199378815.03—$0
Aug 199379315.66—$0
Jul 199372515.46—$0
Jun 199378216.79—$0
May 199379417.68—$0
Apr 199383118.05—$0
Mar 199383718.14—$0
Feb 199369017.90—$0
Jan 199372016.93—$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                  243 Mcf  × $  3.05 =       $740

────────────────────────────────────────────────────
Month total                                     $740

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/26243 is the state's own key, not one this site invented.