F & M BANK

Operated by PNG PRODUCTION, LLC (P-5 102497) 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 26724District 10Field 68826001NGPA filingGasSaveExport
Value, all time
$213 k
Jan 1993 – May 2026
Value, last 12 filed months
$539
at the published price for each month
Months reported
401
no gaps in the span
Streams
1
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 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
NGPA2none

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
GasProduction36,302 Mcf$213,214
Total$213,214

31 Mcf of this lease's gas, across 11 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.

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

42-483801761

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 20262106.413.05$6
Apr 2026498.932.87$11
Mar 2026789.753.15$22
Feb 2026563.503.75$19
Jan 20261359.138.00$104
Dec 2025856.664.41$35
Nov 2025358.593.93$12
Oct 2025359.383.30$10
Sep 20252362.743.08$71
Aug 20252663.933.01$78
Jul 20252666.743.32$86
Jun 20252766.483.13$84
May 20252060.553.23$65
Apr 20252462.363.54$85
Mar 20252867.704.27$120
Feb 20252770.884.34$117
Jan 20253074.324.28$128
Dec 20241468.993.12$44
Nov 20242669.052.20$57
Oct 20241671.372.28$37
Sep 20241269.612.36$28
Aug 20241275.632.06$25
Jul 20242879.932.15$60
Jun 20242578.082.63$66
May 2024978.812.20$20
Apr 20241684.451.66$27
Mar 20242480.301.55$37
Feb 20241576.091.78$27
Jan 20243273.023.30$106
Dec 2023671.262.61$16
Nov 20231377.892.81$37
Oct 20232985.443.09$90
Sep 20231289.042.74$33
Aug 20231280.522.67$32
Jul 20231074.852.64$26
Jun 20236268.962.26$140
May 20237870.622.23$174
Apr 20237878.122.24$175
Mar 20238372.852.39$199
Feb 20237975.112.47$195
Jan 20239076.533.39$305
Dec 20229376.415.73$533
Nov 20229785.005.65$548
Oct 20229787.185.86$569
Sep 20224884.888.16$392
Aug 202210194.529.13$922
Jul 202277101.587.54$581
Jun 2022110115.097.98$877
May 2022118109.378.43$995
Apr 2022115104.226.84$786
Mar 202237108.885.08$188
Feb 2022191.054.86$5
Jan 20222181.844.54$95
Dec 20215671.323.90$218
Nov 2021677.435.24$31
Oct 2021079.795.71$0
Sep 2021069.865.35$0
Aug 2021066.024.22$0
Jul 2021070.783.98$0
Jun 2021069.493.38$0
May 2021063.483.02$0
Apr 2021060.362.76$0
Mar 2021061.302.72$0
Feb 2021057.805.55$0
Jan 2021050.412.81$0
Dec 2020044.642.68$0
Nov 2020038.772.71$0
Oct 2020436.972.48$10
Sep 2020037.091.99$0
Aug 2020039.982.39$0
Jul 2020038.371.83$0
Jun 20203734.901.69$63
May 2020816.921.81$15
Apr 20201314.751.80$23
Mar 20201830.341.86$33
Feb 20202149.881.98$42
Jan 20202757.252.09$57
Dec 2019059.012.30$0
Nov 2019055.302.75$0
Oct 2019053.472.42$0
Sep 2019055.052.66$0
Aug 2019053.112.30$0
Jul 2019056.272.46$0
Jun 2019052.782.49$0
May 2019058.482.74$0
Apr 2019062.632.75$0
Mar 2019056.803.06$0
Feb 2019050.852.79$0
Jan 2019046.033.23$0
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 2018061.443.40$0
Sep 2018059.543.11$0
Aug 2018059.403.07$0
Jul 2018065.142.93$0
Jun 2018060.183.08$0
May 2018065.382.90$0
Apr 2018063.842.90$0
Mar 2018061.222.79$0
Feb 2018061.782.77$0
Jan 2018062.874.01$0
Dec 2017057.272.92$0
Nov 2017055.423.12$0
Oct 2017049.292.98$0
Sep 2017047.523.09$0
Aug 20174645.373.00$138
Jul 2017143.873.09$3
Jun 2017142.493.09$3
May 2017145.373.26$3
Apr 2017147.933.21$3
Mar 2017146.772.98$3
Feb 2017150.452.95$3
Jan 2017149.413.42$3
Dec 2016148.763.72$4
Nov 2016142.492.64$3
Oct 20161146.193.09$34
Sep 2016141.553.10$3
Aug 2016641.442.92$18
Jul 201612041.622.92$351
Jun 201613245.352.69$355
May 201612342.521.99$245
Apr 20169336.561.99$185
Mar 20169133.011.79$163
Feb 20169226.472.06$190
Jan 20161827.352.36$43
Dec 20151932.362.00$38
Nov 201510838.792.17$234
Oct 201510443.552.43$252
Sep 201513542.992.76$372
Aug 201515640.162.87$448
Jul 201515148.152.95$445
Jun 201512956.152.88$372
May 201511155.212.96$328
Apr 201510849.822.71$292
Mar 201510642.892.93$311
Feb 201510244.662.98$304
Jan 201511943.433.10$369
Dec 20148154.693.59$291
Nov 20146670.464.25$281
Oct 20142978.303.90$113
Sep 20149586.164.05$384
Aug 20148389.394.04$335
Jul 20148596.564.18$355
Jun 201414898.164.74$701
May 201412994.734.73$610
Apr 201412095.944.81$577
Mar 201412995.895.06$652
Feb 20145697.406.19$347
Jan 2014390.404.86$15
Dec 20139591.824.35$414
Nov 201313688.853.74$508
Oct 201315497.423.78$582
Sep 201339104.113.72$145
Aug 20131104.253.52$4
Jul 201328102.523.72$104
Jun 20138594.403.93$334
May 20138594.834.15$353
Apr 20136693.964.28$283
Mar 20137993.623.91$309
Feb 20136291.233.42$212
Jan 201313791.603.42$469
Dec 201211386.773.42$386
Nov 20122286.953.62$80
Oct 20123489.383.40$116
Sep 20127994.672.92$231
Aug 20129692.662.91$279
Jul 201214785.133.02$444
Jun 201212779.822.52$320
May 201216891.612.49$418
Apr 2012191101.652.00$381
Mar 2012175105.052.22$389
Feb 2012215101.102.57$553
Jan 201221898.092.73$596
Dec 201116196.873.24$522
Nov 201122695.723.31$748
Oct 201126384.983.65$960
Sep 201124883.623.99$988
Aug 201130083.404.15$1,245
Jul 201116194.144.52$727
Jun 201117092.904.64$789
May 201118898.134.40$828
Apr 2011179105.964.33$776
Mar 201118396.364.06$742
Feb 201116985.644.18$706
Jan 201123286.504.59$1,065
Dec 201021585.734.35$935
Nov 201015480.843.80$584
Oct 201010378.103.51$361
Sep 201024872.633.98$987
Aug 201016073.684.42$707
Jul 201020972.554.74$990
Jun 201023070.364.91$1,129
May 201023571.124.24$995
Apr 201020281.694.12$833
Mar 201023178.394.39$1,014
Feb 201012973.585.44$702
Jan 201011174.365.96$662
Dec 200928471.445.48$1,557
Nov 200925874.593.75$968
Oct 200924972.544.11$1,023
Sep 200925265.543.06$772
Aug 200929167.423.22$937
Jul 200929561.133.46$1,022
Jun 200926266.163.90$1,020
May 200926354.743.93$1,032
Apr 200925946.773.59$929
Mar 200930942.144.06$1,254
Feb 200925332.814.63$1,172
Jan 200926635.865.37$1,429
Dec 200831737.105.98$1,895
Nov 200834355.496.86$2,353
Oct 200831375.246.92$2,167
Sep 2008193101.767.88$1,520
Aug 2008126114.228.48$1,069
Jul 2008165131.0811.39$1,879
Jun 2008203131.3313.03$2,646
May 2008318123.1711.57$3,681
Apr 2008296110.3110.45$3,095
Mar 2008311101.909.66$3,006
Feb 200830192.538.77$2,640
Jan 200833590.388.21$2,749
Dec 200743588.337.30$3,176
Nov 200716991.677.29$1,232
Oct 200727882.856.92$1,924
Sep 200730475.846.24$1,898
Aug 200732769.066.39$2,089
Jul 200723770.906.39$1,514
Jun 2007162.007.55$8
May 20075458.747.85$424
Apr 200712159.617.81$944
Mar 200714756.927.30$1,073
Feb 200718755.108.22$1,536
Jan 200735050.306.73$2,354
Dec 200635356.656.92$2,442
Nov 200633954.207.62$2,582
Oct 200637054.906.01$2,225
Sep 200629960.085.04$1,506
Aug 200635268.717.34$2,584
Jul 200637369.376.34$2,366
Jun 200631866.286.38$2,030
May 200638266.016.42$2,454
Apr 200636564.397.36$2,687
Mar 200636956.707.08$2,614
Feb 200637157.597.75$2,876
Jan 200637460.598.93$3,341
Dec 200548654.9413.42$6,520
Nov 200534454.6910.59$3,642
Oct 200552658.3413.80$7,257
Sep 200516361.4512.08$1,969
Aug 200521661.519.80$2,116
Jul 200534655.697.84$2,714
Jun 200535152.337.38$2,591
May 200535345.226.65$2,348
Apr 200546549.207.36$3,423
Mar 200540750.377.15$2,912
Feb 200540745.226.31$2,569
Jan 200552543.166.32$3,319
Dec 200443839.866.75$2,957
Nov 200448345.286.33$3,058
Oct 200421949.706.52$1,427
Sep 200417343.245.28$914
Aug 200423242.375.55$1,288
Jul 200431038.286.08$1,886
Jun 2004136.106.43$6
May 2004137.486.49$6
Apr 200439834.475.86$2,332
Mar 200437534.365.53$2,074
Feb 200437332.455.51$2,055
Jan 200441332.036.30$2,602
Dec 200339230.266.30$2,470
Nov 200344128.804.60$2,026
Oct 2003128.174.76$5
Sep 20032026.314.75$95
Aug 20034329.765.13$221
Jul 2003129.415.17$5
Jun 200332028.565.98$1,915
May 2003126.595.97$6
Apr 200311726.675.41$633
Mar 200364531.146.10$3,932
Feb 200310633.487.93$840
Jan 20031830.315.58$100
Dec 2002126.914.85$5
Nov 2002124.664.14$4
Oct 2002126.464.23$4
Sep 200210627.443.64$385
Aug 20024225.963.16$133
Jul 2002124.583.06$3
Jun 2002123.733.34$3
May 2002124.663.58$4
Apr 2002123.653.51$4
Mar 2002122.003.10$3
Feb 2002118.222.38$2
Jan 2002117.172.38$2
Dec 20011116.932.36$26
Nov 2001118.072.41$2
Oct 2001119.782.53$3
Sep 2001124.262.25$2
Aug 2001124.873.05$3
Jul 2001123.933.20$3
Jun 20012024.563.82$76
May 20013025.524.31$129
Apr 20011424.685.34$75
Mar 2001824.545.38$43
Feb 20011127.755.77$63
Jan 2001527.478.40$42
Dec 20001226.889.12$109
Nov 20001532.215.66$85
Oct 2000031.235.15$0
Sep 2000031.875.19$0
Aug 2000029.644.54$0
Jul 2000028.534.09$0
Jun 2000029.304.40$0
May 2000027.263.68$0
Apr 2000024.513.12$0
Mar 2000028.422.86$0
Feb 2000027.622.73$0
Jan 2000025.272.48$0
Dec 1999024.282.42$0
Nov 1999023.192.43$0
Oct 1999020.982.80$0
Sep 1999021.752.62$0
Aug 1999019.262.88$0
Jul 1999017.892.37$0
Jun 1999015.942.36$0
May 1999015.792.32$0
Apr 1999015.102.21$0
Mar 1999012.471.84$0
Feb 199909.981.82$0
Jan 1999010.381.90$0
Dec 199809.201.77$0
Nov 1998010.892.19$0
Oct 1998012.421.97$0
Sep 1998012.592.08$0
Aug 1998011.301.91$0
Jul 1998011.742.24$0
Jun 1998011.242.24$0
May 1998012.622.21$0
Apr 1998013.042.51$0
Mar 1998012.802.31$0
Feb 1998013.952.30$0
Jan 1998014.702.15$0
Dec 1997016.322.41$0
Nov 1997018.193.09$0
Oct 1997019.253.15$0
Sep 1997017.742.95$0
Aug 1997017.862.55$0
Jul 1997017.582.25$0
Jun 1997017.242.26$0
May 1997018.972.31$0
Apr 1997017.882.08$0
Mar 1997018.951.94$0
Feb 1997020.492.21$0
Jan 1997023.483.54$0
Dec 1996023.32$0
Nov 1996121.97$0
Oct 1996123.31$0
Sep 1996122.22$0
Aug 1996120.26$0
Jul 1996119.55$0
Jun 1996118.73$0
May 1996119.43$0
Apr 1996121.51$0
Mar 1996119.38$0
Feb 1996116.98$0
Jan 19962117.07$0
Dec 1995017.19$0
Nov 1995016.00$0
Oct 1995015.43$0
Sep 1995016.18$0
Aug 1995015.92$0
Jul 1995015.24$0
Jun 1995016.41$0
May 1995017.56$0
Apr 1995017.73$0
Mar 1995016.44$0
Feb 1995016.58$0
Jan 1995015.92$0
Dec 1994015.03$0
Nov 1994015.90$0
Oct 1994015.58$0
Sep 1994015.29$0
Aug 1994016.13$0
Jul 1994017.56$0
Jun 1994017.09$0
May 1994015.88$0
Apr 1994014.14$0
Mar 1994012.46$0
Feb 1994012.50$0
Jan 1994012.66$0
Dec 1993012.33$0
Nov 1993014.49$0
Oct 1993015.85$0
Sep 1993015.03$0
Aug 1993015.66$0
Jul 1993015.46$0
Jun 1993016.79$0
May 1993017.68$0
Apr 1993018.05$0
Mar 1993018.14$0
Feb 1993017.90$0
Jan 1993016.93$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                    2 Mcf  × $  3.05 =         $6

────────────────────────────────────────────────────
Month total                                       $6

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/26724 is the state's own key, not one this site invented.