STEPHENS, FRANK

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 26740District 10Field 68826001NGPA filingGasSaveExport
Value, all time
$598 k
Jan 1993 – May 2026
Value, last 12 filed months
$12 k
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
NGPA3none

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
GasProduction167,127 Mcf$597,951
Total$597,951

26,690 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 35.2139, -100.1792. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.21388, -100.17916 · 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.

1 well

42-483014082

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 2026267106.413.05$813
Apr 202625398.932.87$726
Mar 202629789.753.15$935
Feb 202626063.503.75$975
Jan 202630359.138.00$2,423
Dec 202534356.664.41$1,514
Nov 202536558.593.93$1,433
Oct 202534259.383.30$1,130
Sep 202531562.743.08$969
Aug 202526563.933.01$799
Jul 2025066.743.32$0
Jun 2025066.483.13$0
May 202512560.553.23$404
Apr 202531862.363.54$1,127
Mar 202531467.704.27$1,340
Feb 202526070.884.34$1,129
Jan 202530774.324.28$1,314
Dec 202410368.993.12$322
Nov 202431969.052.20$701
Oct 202419871.372.28$452
Sep 202417769.612.36$418
Aug 202437075.632.06$764
Jul 202425979.932.15$556
Jun 2024078.082.63$0
May 2024078.812.20$0
Apr 2024084.451.66$0
Mar 2024080.301.55$0
Feb 2024076.091.78$0
Jan 2024073.023.30$0
Dec 2023671.262.61$16
Nov 20231077.892.81$28
Oct 202333485.443.09$1,031
Sep 202327189.042.74$741
Aug 202326280.522.67$700
Jul 202326574.852.64$700
Jun 202325368.962.26$571
May 202324370.622.23$541
Apr 202325578.122.24$571
Mar 202320472.852.39$488
Feb 202327175.112.47$668
Jan 202337076.533.39$1,253
Dec 202231076.415.73$1,776
Nov 202226485.005.65$1,491
Oct 202223387.185.86$1,366
Sep 202215784.888.16$1,282
Aug 202222594.529.13$2,054
Jul 2022212101.587.54$1,599
Jun 2022193115.097.98$1,540
May 2022241109.378.43$2,032
Apr 2022312104.226.84$2,133
Mar 2022380108.885.08$1,929
Feb 202232191.054.86$1,560
Jan 202215581.844.54$703
Dec 202132771.323.90$1,275
Nov 202122877.435.24$1,194
Oct 202130979.795.71$1,766
Sep 202128769.865.35$1,536
Aug 202130966.024.22$1,304
Jul 202126370.783.98$1,047
Jun 202124769.493.38$835
May 202130163.483.02$908
Apr 202137360.362.76$1,029
Mar 202127661.302.72$750
Feb 202121057.805.55$1,165
Jan 202140850.412.81$1,147
Dec 202042844.642.68$1,145
Nov 202045438.772.71$1,229
Oct 202039636.972.48$981
Sep 202032537.091.99$647
Aug 202027839.982.39$663
Jul 202014838.371.83$270
Jun 202026534.901.69$448
May 202033516.921.81$608
Apr 202036514.751.80$659
Mar 202021930.341.86$407
Feb 202034949.881.98$691
Jan 202036957.252.09$773
Dec 201936559.012.30$841
Nov 201937055.302.75$1,018
Oct 201942353.472.42$1,023
Sep 201940955.052.66$1,087
Aug 201937453.112.30$862
Jul 201935456.272.46$871
Jun 201929352.782.49$730
May 201932358.482.74$885
Apr 201936962.632.75$1,015
Mar 201940056.803.06$1,225
Feb 201936450.852.79$1,016
Jan 201943346.033.23$1,398
Dec 201839746.594.19$1,662
Nov 201839952.934.24$1,691
Oct 201842961.443.40$1,458
Sep 201831259.543.11$970
Aug 201827759.403.07$849
Jul 201812965.142.93$378
Jun 201827860.183.08$855
May 201830165.382.90$873
Apr 201838463.842.90$1,114
Mar 201840461.222.79$1,126
Feb 201836261.782.77$1,001
Jan 201843462.874.01$1,740
Dec 201741957.272.92$1,224
Nov 201739555.423.12$1,232
Oct 201737049.292.98$1,104
Sep 201723447.523.09$722
Aug 201720145.373.00$604
Jul 201722143.873.09$682
Jun 201717742.493.09$546
May 201725945.373.26$845
Apr 201739947.933.21$1,281
Mar 201744546.772.98$1,328
Feb 201734550.452.95$1,019
Jan 201737749.413.42$1,289
Dec 201639348.763.72$1,463
Nov 201646142.492.64$1,219
Oct 201618346.193.09$566
Sep 20169041.553.10$279
Aug 201624441.442.92$714
Jul 201625541.622.92$746
Jun 201625645.352.69$688
May 201631442.521.99$625
Apr 201635336.561.99$703
Mar 201639233.011.79$703
Feb 201637826.472.06$780
Jan 201646327.352.36$1,095
Dec 201535732.362.00$715
Nov 201540538.792.17$878
Oct 201535843.552.43$869
Sep 201533242.992.76$916
Aug 201534140.162.87$980
Jul 201533748.152.95$992
Jun 201533856.152.88$974
May 201538555.212.96$1,138
Apr 201536449.822.71$985
Mar 201542242.892.93$1,238
Feb 201538944.662.98$1,158
Jan 201541043.433.10$1,271
Dec 201427554.693.59$988
Nov 201443370.464.25$1,841
Oct 201431878.303.90$1,241
Sep 201431586.164.05$1,274
Aug 201420389.394.04$819
Jul 201423596.564.18$982
Jun 201429998.164.74$1,416
May 201428694.734.73$1,352
Apr 201435695.944.81$1,712
Mar 201445095.895.06$2,276
Feb 201431097.406.19$1,920
Jan 201444090.404.86$2,139
Dec 201343991.824.35$1,912
Nov 201348288.853.74$1,802
Oct 201344897.423.78$1,693
Sep 2013368104.113.72$1,368
Aug 2013708104.253.52$2,494
Jul 2013329102.523.72$1,223
Jun 201335394.403.93$1,388
May 201335394.834.15$1,465
Apr 201342593.964.28$1,820
Mar 201345993.623.91$1,796
Feb 201342191.233.42$1,440
Jan 201349491.603.42$1,689
Dec 201253286.773.42$1,820
Nov 201250186.953.62$1,816
Oct 201249389.383.40$1,676
Sep 201226894.672.92$782
Aug 201223392.662.91$678
Jul 201226685.133.02$804
Jun 201218279.822.52$458
May 201227491.612.49$682
Apr 2012361101.652.00$721
Mar 2012403105.052.22$896
Feb 2012481101.102.57$1,236
Jan 201256498.092.73$1,542
Dec 201148496.873.24$1,568
Nov 201160295.723.31$1,993
Oct 201142384.983.65$1,543
Sep 201125083.623.99$996
Aug 201124983.404.15$1,033
Jul 201126494.144.52$1,193
Jun 201121892.904.64$1,011
May 201124598.134.40$1,079
Apr 2011312105.964.33$1,352
Mar 201145796.364.06$1,854
Feb 201144985.644.18$1,877
Jan 201162186.504.59$2,850
Dec 201052585.734.35$2,283
Nov 201059280.843.80$2,247
Oct 201037078.103.51$1,298
Sep 201027572.633.98$1,094
Aug 201026773.684.42$1,180
Jul 201024872.554.74$1,175
Jun 201022470.364.91$1,100
May 201030771.124.24$1,300
Apr 201036181.694.12$1,488
Mar 201048578.394.39$2,129
Feb 201045373.585.44$2,465
Jan 201053474.365.96$3,185
Dec 200955471.445.48$3,038
Nov 200951174.593.75$1,917
Oct 200952972.544.11$2,174
Sep 200937365.543.06$1,143
Aug 200937767.423.22$1,213
Jul 200935961.133.46$1,244
Jun 200934066.163.90$1,324
May 200938454.743.93$1,507
Apr 200944146.773.59$1,582
Mar 200956542.144.06$2,293
Feb 200951232.814.63$2,372
Jan 200958235.865.37$3,126
Dec 200861937.105.98$3,700
Nov 200863555.496.86$4,356
Oct 200852675.246.92$3,641
Sep 2008407101.767.88$3,206
Aug 2008232114.228.48$1,968
Jul 2008171131.0811.39$1,948
Jun 2008221131.3313.03$2,880
May 2008375123.1711.57$4,340
Apr 2008421110.3110.45$4,402
Mar 2008507101.909.66$4,900
Feb 200847992.538.77$4,201
Jan 200852890.388.21$4,333
Dec 200755188.337.30$4,023
Nov 200745391.677.29$3,303
Oct 200734182.856.92$2,360
Sep 200720075.846.24$1,249
Aug 200724069.066.39$1,533
Jul 200729870.906.39$1,904
Jun 200723862.007.55$1,797
May 200719858.747.85$1,554
Apr 200733459.617.81$2,607
Mar 200741656.927.30$3,038
Feb 200748955.108.22$4,018
Jan 200753850.306.73$3,619
Dec 200654956.656.92$3,798
Nov 200650054.207.62$3,809
Oct 200640354.906.01$2,424
Sep 200626960.085.04$1,355
Aug 200630668.717.34$2,246
Jul 200632069.376.34$2,030
Jun 200627066.286.38$1,724
May 200636366.016.42$2,332
Apr 200632964.397.36$2,422
Mar 200646856.707.08$3,315
Feb 200648357.597.75$3,744
Jan 200647960.598.93$4,279
Dec 200560354.9413.42$8,089
Nov 200550654.6910.59$5,358
Oct 200547058.3413.80$6,484
Sep 200529861.4512.08$3,600
Aug 200529061.519.80$2,841
Jul 200539355.697.84$3,083
Jun 200527852.337.38$2,052
May 200523945.226.65$1,590
Apr 200544649.207.36$3,283
Mar 200545750.377.15$3,270
Feb 200548645.226.31$3,068
Jan 200563343.166.32$4,002
Dec 200452239.866.75$3,524
Nov 200453445.286.33$3,380
Oct 200456949.706.52$3,707
Sep 200439743.245.28$2,098
Aug 200434042.375.55$1,887
Jul 200440138.286.08$2,440
Jun 200429736.106.43$1,911
May 200434537.486.49$2,241
Apr 200433734.475.86$1,974
Mar 200439834.365.53$2,201
Feb 200457532.455.51$3,168
Jan 200474232.036.30$4,674
Dec 200360830.266.30$3,831
Nov 200378228.804.60$3,593
Oct 200350928.174.76$2,423
Sep 200350626.314.75$2,403
Aug 200363929.765.13$3,278
Jul 200345229.415.17$2,337
Jun 200337028.565.98$2,214
May 200342926.595.97$2,562
Apr 200342626.675.41$2,304
Mar 200353031.146.10$3,231
Feb 200361733.487.93$4,890
Jan 200363230.315.58$3,528
Dec 200270126.914.85$3,402
Nov 200268824.664.14$2,846
Oct 200267726.464.23$2,863
Sep 200245027.443.64$1,636
Aug 200247425.963.16$1,500
Jul 200237524.583.06$1,148
Jun 200240223.733.34$1,342
May 200249224.663.58$1,763
Apr 200252023.653.51$1,826
Mar 200278222.003.10$2,426
Feb 200267718.222.38$1,608
Jan 200270617.172.38$1,677
Dec 200192116.932.36$2,178
Nov 200174718.072.41$1,797
Oct 200178519.782.53$1,985
Sep 200123624.262.25$531
Aug 2001124.873.05$3
Jul 2001123.933.20$3
Jun 200119524.563.82$746
May 200143625.524.31$1,878
Apr 200159524.685.34$3,175
Mar 200156724.545.38$3,048
Feb 200163427.755.77$3,656
Jan 200184227.478.40$7,072
Dec 200069426.889.12$6,331
Nov 20001,01332.215.66$5,732
Oct 200056731.235.15$2,918
Sep 200049231.875.19$2,552
Aug 200043629.644.54$1,980
Jul 200012628.534.09$515
Jun 200029529.304.40$1,297
May 200040727.263.68$1,498
Apr 200046724.513.12$1,455
Mar 200084728.422.86$2,422
Feb 200069327.622.73$1,889
Jan 200076325.272.48$1,893
Dec 199985224.282.42$2,065
Nov 199979223.192.43$1,928
Oct 199948820.982.80$1,368
Sep 199947621.752.62$1,247
Aug 199954319.262.88$1,561
Jul 199936917.892.37$875
Jun 199963615.942.36$1,502
May 199946915.792.32$1,089
Apr 199961115.102.21$1,349
Mar 199980512.471.84$1,480
Feb 19996839.981.82$1,242
Jan 199971510.381.90$1,358
Dec 19981,0659.201.77$1,889
Nov 199869310.892.19$1,515
Oct 199858612.421.97$1,154
Sep 199822212.592.08$462
Aug 199845911.301.91$875
Jul 199832711.742.24$732
Jun 199828111.242.24$629
May 199843612.622.21$962
Apr 199859013.042.51$1,478
Mar 199855112.802.31$1,273
Feb 199876013.952.30$1,747
Jan 199874914.702.15$1,614
Dec 19971,04816.322.41$2,527
Nov 199780218.193.09$2,477
Oct 199793519.253.15$2,945
Sep 199716117.742.95$476
Aug 199732217.862.55$823
Jul 199728817.582.25$647
Jun 199747217.242.26$1,065
May 199724718.972.31$570
Apr 199772317.882.08$1,506
Mar 199761818.951.94$1,198
Feb 199778020.492.21$1,721
Jan 199784723.483.54$2,998
Dec 199696523.32$0
Nov 199681821.97$0
Oct 199655823.31$0
Sep 199658622.22$0
Aug 199629620.26$0
Jul 199627819.55$0
Jun 199627818.73$0
May 199652519.43$0
Apr 199613821.51$0
Mar 199648319.38$0
Feb 199673616.98$0
Jan 199681717.07$0
Dec 199591017.19$0
Nov 199599216.00$0
Oct 199562415.43$0
Sep 199537416.18$0
Aug 199518915.92$0
Jul 199511815.24$0
Jun 19956216.41$0
May 199544517.56$0
Apr 199558717.73$0
Mar 199555916.44$0
Feb 199595316.58$0
Jan 199589915.92$0
Dec 199496215.03$0
Nov 199444215.90$0
Oct 199444215.58$0
Sep 199419315.29$0
Aug 199418216.13$0
Jul 199413217.56$0
Jun 199430417.09$0
May 199432415.88$0
Apr 199445714.14$0
Mar 199488512.46$0
Feb 199480112.50$0
Jan 199492912.66$0
Dec 199392912.33$0
Nov 199374014.49$0
Oct 199370015.85$0
Sep 199356415.03$0
Aug 199328315.66$0
Jul 199315915.46$0
Jun 199337916.79$0
May 199348617.68$0
Apr 199357718.05$0
Mar 199389518.14$0
Feb 199389317.90$0
Jan 199384216.93$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                  267 Mcf  × $  3.05 =       $813

────────────────────────────────────────────────────
Month total                                     $813

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/26740 is the state's own key, not one this site invented.