IVESTOR 57

Operated by MMGL TXPH, LLC (P-5 101619) in the STILES RANCH (GRANITE WASH CONS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 262968District 10Field 861252502 tax incentive programmesCondensateGasSaveExport
Value, all time
$12.3 M
May 2011 – May 2026
Value, last 12 filed months
$344 k
at the published price for each month
Months reported
181
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 906 leases and 906 wells, and the rule below applies to all of them.

Discovered
2008-06-24
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 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 2011-10-11.

The Commission's schedule remark for this field reads: FIELD. EFFECTIVE 4/12/16.

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 Gas112012-05-01205796
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
CondensateDisposition48,467 bbl$3,850,952
GasProduction2,495,899 Mcf$8,449,943
Total$12,300,895

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 35.3877, -100.0562. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.38765, -100.05623 · 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
12,827 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 12,827 ft.

Completions filed
Sep 2011
1 of 1 wells

1 well

42-483331512H12,827 ftSep 2011

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 (181)

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

181 months

May 202606,836106.413.05$20,821
Apr 202606,55298.932.87$18,802
Mar 202607,08089.753.15$22,298
Feb 202606,27963.503.75$23,548
Jan 202607,56359.138.00$60,488
Dec 202507,97756.664.41$35,205
Nov 20251757,75658.593.93$40,707
Oct 202507,86759.383.30$25,999
Sep 202506,64662.743.08$20,449
Aug 20251816,15163.933.01$30,115
Jul 202506,65566.743.32$22,063
Jun 202507,37666.483.13$23,077
May 20251726,67260.553.23$31,981
Apr 202507,77962.363.54$27,562
Mar 202507,28467.704.27$31,090
Feb 202507,65770.884.34$33,238
Jan 202508,29674.324.28$35,496
Dec 202407,72468.993.12$24,109
Nov 202409,01669.052.20$19,821
Oct 20241767,51871.372.28$29,713
Sep 202406,91569.612.36$16,350
Aug 202407,48775.632.06$15,450
Jul 202407,58279.932.15$16,275
Jun 20241827,39978.082.63$33,699
May 202407,71278.812.20$16,954
Apr 20241718,55584.451.66$28,635
Mar 20241758,87480.301.55$27,764
Feb 202409,11976.091.78$16,265
Jan 20241828,72873.023.30$42,072
Dec 202309,18771.262.61$23,985
Nov 202317910,50377.892.81$43,430
Oct 202309,05085.443.09$27,940
Sep 20231797,99389.042.74$37,799
Aug 202307,80680.522.67$20,865
Jul 20231809,39374.852.64$38,287
Jun 202308,27568.962.26$18,689
May 20231678,94570.622.23$31,718
Apr 20231808,91378.122.24$34,007
Mar 202308,79972.852.39$21,057
Feb 20231818,76475.112.47$35,204
Jan 202309,38076.533.39$31,777
Dec 202218012,57576.415.73$85,797
Nov 202207,66985.005.65$43,301
Oct 20221678,72987.185.86$65,744
Sep 202208,31884.888.16$67,905
Aug 20221517,98994.529.13$87,189
Jul 20221518,458101.587.54$79,129
Jun 20221608,272115.097.98$84,402
May 202208,443109.378.43$71,200
Apr 20221817,952104.226.84$73,236
Mar 20221799,315108.885.08$66,776
Feb 20221777,44091.054.86$52,266
Jan 202207,28381.844.54$33,048
Dec 20211798,10271.323.90$44,357
Nov 202107,86177.435.24$41,167
Oct 20211797,97579.795.71$59,851
Sep 202107,58269.865.35$40,571
Aug 20211717,31866.024.22$42,176
Jul 20211808,66670.783.98$47,249
Jun 20211779,27269.493.38$43,645
May 20211799,13763.483.02$38,935
Apr 202108,03060.362.76$22,150
Mar 20211775,56061.302.72$25,956
Feb 20211818,71157.805.55$58,790
Jan 202108,62750.412.81$24,244
Dec 20201808,67144.642.68$31,234
Nov 20201507,44838.772.71$25,974
Oct 2020010,63436.972.48$26,356
Sep 20201789,43937.091.99$25,395
Aug 20201829,26939.982.39$29,384
Jul 202007,76538.371.83$14,172
Jun 20201809,44734.901.69$22,250
May 20201778,29016.921.81$18,039
Apr 2020011,62514.751.80$20,976
Mar 20201809,28930.341.86$22,704
Feb 20201768,27549.881.98$25,169
Jan 20203628,85057.252.09$39,263
Dec 20191789,11359.012.30$31,503
Nov 20191569,90855.302.75$35,881
Oct 201915910,98353.472.42$35,065
Sep 20191809,96055.052.66$36,376
Aug 2019010,65053.112.30$24,541
Jul 201934910,41656.272.46$45,262
Jun 20191779,69952.782.49$33,504
May 2019010,93458.482.74$29,963
Apr 20191789,43762.632.75$37,107
Mar 20191809,73656.803.06$40,037
Feb 201908,77850.852.79$24,510
Jan 20191798,54146.033.23$35,811
Dec 201808,99146.594.19$37,631
Nov 20181789,73352.934.24$50,663
Oct 2018010,84761.443.40$36,859
Sep 2018010,30359.543.11$32,022
Aug 201809,45359.403.07$28,988
Jul 2018010,08865.142.93$29,577
Jun 20181679,66860.183.08$39,798
May 201818110,33365.382.90$41,808
Apr 20181899,68163.842.90$40,148
Mar 201816010,60761.222.79$39,355
Feb 201809,00261.782.77$24,901
Jan 201818010,81062.874.01$54,657
Dec 201718011,14357.272.92$42,863
Nov 2017011,96555.423.12$37,311
Oct 2017010,58249.292.98$31,573
Sep 201717311,66647.523.09$44,237
Aug 201717713,89145.373.00$49,765
Jul 201717913,81243.873.09$50,494
Jun 2017012,34842.493.09$38,122
May 2017012,53145.373.26$40,894
Apr 201715313,18247.933.21$49,669
Mar 201717712,51546.772.98$45,619
Feb 2017011,51650.452.95$34,002
Jan 201718114,77249.413.42$59,446
Dec 2016019,22448.763.72$71,568
Nov 201617917,24742.492.64$53,213
Oct 201617821,99646.193.09$76,195
Sep 201616717,77141.553.10$62,040
Aug 201617818,49041.442.92$61,447
Jul 201617414,24541.622.92$48,899
Jun 2016017,37245.352.69$46,658
May 201636116,50742.521.99$48,216
Apr 201617422,69736.561.99$51,552
Mar 201619122,61933.011.79$46,884
Feb 201636218,55526.472.06$47,873
Jan 201635415,80527.352.36$47,051
Dec 201517916,56732.362.00$38,950
Nov 2015015,15738.792.17$32,850
Oct 201535018,18943.552.43$59,380
Sep 201535517,20442.992.76$62,717
Aug 201517719,56040.162.87$63,294
Jul 201518119,83248.152.95$67,122
Jun 201534422,27156.152.88$83,520
May 201518021,68755.212.96$74,033
Apr 201517220,56249.822.71$64,222
Mar 201517320,10542.892.93$66,422
Feb 201535616,37944.662.98$64,646
Jan 201535419,34743.433.10$75,362
Dec 201455118,89654.693.59$97,997
Nov 2014020,13270.464.25$85,598
Oct 2014023,60078.303.90$92,063
Sep 201416824,03786.164.05$111,715
Aug 201418023,75489.394.04$111,940
Jul 201434723,46396.564.18$131,572
Jun 201433420,92498.164.74$131,900
May 201452520,65094.734.73$147,337
Apr 201434919,67695.944.81$128,107
Mar 201436018,97595.895.06$130,473
Feb 201454515,70797.406.19$150,341
Jan 201436019,05890.404.86$125,180
Dec 201336317,28691.824.35$108,602
Nov 201370860188.853.74$65,153
Oct 201352823,27597.423.78$139,402
Sep 201370922,672104.113.72$158,103
Aug 201368824,512104.253.52$158,070
Jul 201353125,525102.523.72$149,333
Jun 201354725,88494.403.93$153,449
May 20131,10731,94894.834.15$237,532
Apr 201368131,13193.964.28$197,308
Mar 20131,09030,72693.623.91$222,273
Feb 201369323,72691.233.42$144,363
Jan 201380431,35391.603.42$180,871
Dec 20121,04528,53386.773.42$188,262
Nov 201291827,98586.953.62$181,265
Oct 20121,39229,43489.383.40$224,483
Sep 201287029,81094.672.92$169,360
Aug 20121,06129,87392.662.91$185,188
Jul 20121,04831,25085.133.02$183,616
Jun 201271124,12379.822.52$117,519
May 20121,06420,60591.612.49$148,745
Apr 20121,09426,281101.652.00$163,683
Mar 201253813,789105.052.22$87,157
Feb 201204101.102.57$10
Jan 201253317,25398.092.73$99,453
Dec 20111,07215,12496.873.24$152,842
Nov 20111,26830,96895.723.31$223,917
Oct 20113,65064,74984.983.65$546,416
Sep 20113,87197,27683.623.99$711,416
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$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
Condensate             0 bbl  × $106.41 =         $0
Gas                6,836 Mcf  × $  3.05 =    $20,821

────────────────────────────────────────────────────
Month total                                  $20,821

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/262968 is the state's own key, not one this site invented.