BUCKINGHAM

Operated by MUSTANG FUEL CORPORATION (P-5 596921) in the MILLS RANCH (DES MOINES) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 269034District 10Field 616912102 tax incentive programmesCondensateGasSaveExport
Value, all time
$29.2 M
May 2012 – May 2026
Value, last 12 filed months
$387 k
at the published price for each month
Months reported
169
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 38 leases and 40 wells, and the rule below applies to all of them.

Discovered
1977-04-01
as the register files it
Field class
Oil and gas
the register's own label
Between wells
660 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 2011-11-22.

The Commission's schedule remark for this field reads: REMAIN SUSPENDED. P15'S ACREAGE LIST AND LSE PLATS ARE REQUIRED.

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 Gas112014-11-04213312
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
CondensateDisposition161,333 bbl$12,908,644
GasProduction4,740,758 Mcf$16,319,712
Total$29,228,356

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 35.3999, -100.0739. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.39991, -100.07395 · 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
12,265 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 12,265 ft.

Completions filed
May 2012
1 of 1 wells

1 well

42-483334146058H12,265 ftMay 2012

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 (169)

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

169 months

May 202637,379106.413.05$22,794
Apr 20261947,62198.932.87$41,063
Mar 20263947,44389.753.15$58,803
Feb 20261587,05163.503.75$36,477
Jan 20261815,18259.138.00$52,148
Dec 202506,01056.664.41$26,524
Nov 20251866,06658.593.93$34,716
Oct 202506,17359.383.30$20,401
Sep 202506,25262.743.08$19,237
Aug 202506,45863.933.01$19,469
Jul 20251886,73366.743.32$34,868
Jun 202506,61966.483.13$20,709
May 20251896,74960.553.23$33,259
Apr 20251966,94362.363.54$36,822
Mar 202507,54067.704.27$32,183
Feb 20251976,28270.884.34$41,233
Jan 20251987,23074.324.28$45,650
Dec 202407,49068.993.12$23,379
Nov 20241987,41069.052.20$29,962
Oct 202408,00071.372.28$18,251
Sep 20241957,95969.612.36$32,392
Aug 202408,45975.632.06$17,456
Jul 20241907,78179.932.15$31,889
Jun 202407,42578.082.63$19,557
May 20241946,51878.812.20$29,619
Apr 202407,65584.451.66$12,701
Mar 20241908,55580.301.55$28,476
Feb 202408,18876.091.78$14,604
Jan 20241959,33273.023.30$45,013
Dec 20231928,85271.262.61$36,792
Nov 20231939,82077.892.81$42,603
Oct 202308,85185.443.09$27,326
Sep 20231869,41989.042.74$42,323
Aug 20231889,74780.522.67$41,190
Jul 202309,71074.852.64$25,652
Jun 20231798,70768.962.26$32,008
May 20231946,25070.622.23$27,622
Apr 202309,22278.122.24$20,637
Mar 20231969,28972.852.39$36,509
Feb 20231988,62375.112.47$36,133
Jan 20231959,23676.533.39$46,212
Dec 20221938,47376.415.73$63,290
Nov 20221779,03085.005.65$66,030
Oct 20222018,57287.185.86$67,787
Sep 202208,55284.888.16$69,816
Aug 20221978,72294.529.13$98,228
Jul 202208,007101.587.54$60,389
Jun 20221897,114115.097.98$78,502
May 20223586,803109.378.43$96,524
Apr 202205,601104.226.84$38,297
Mar 20221925,819108.885.08$50,445
Feb 202201,88791.054.86$9,169
Jan 202203,62081.844.54$16,426
Dec 20214026,12871.323.90$52,564
Nov 202106,72577.435.24$35,218
Oct 20211998,11279.795.71$62,229
Sep 20211947,18369.865.35$51,989
Aug 20212028,26566.024.22$48,219
Jul 202108,00570.783.98$31,877
Jun 20211968,33269.493.38$41,787
May 20211928,46863.483.02$37,742
Apr 20211967,06160.362.76$31,308
Mar 202135710,22361.302.72$49,659
Feb 202103,93757.805.55$21,842
Jan 202107,05750.412.81$19,832
Dec 20201945,16344.642.68$22,474
Nov 20203528,57638.772.71$36,859
Oct 202008,27036.972.48$20,497
Sep 20202028,74737.091.99$24,908
Aug 20201969,04239.982.39$29,402
Jul 20201928,39638.371.83$22,691
Jun 202020010,29834.901.69$24,387
May 2020010,14316.921.81$18,407
Apr 20203929,25314.751.80$22,478
Mar 20201949,59730.341.86$23,700
Feb 20201948,58349.881.98$26,677
Jan 202009,74557.252.09$20,413
Dec 20196009,92459.012.30$58,274
Nov 201940010,17255.302.75$50,100
Oct 2019011,28253.472.42$27,286
Sep 201910,35510,21455.052.66$597,184
Aug 20191869,73653.112.30$32,314
Jul 201919213,50556.272.46$44,027
Jun 20193878,16652.782.49$40,769
May 2019011,94558.482.74$32,733
Apr 201919012,65362.632.75$46,704
Mar 201939210,76456.803.06$55,226
Feb 201919812,80250.852.79$45,814
Jan 201939511,11146.033.23$54,050
Dec 201853312,14246.594.19$75,652
Nov 201819114,57152.934.24$71,850
Oct 2018015,15361.443.40$51,491
Sep 201838013,48559.543.11$64,537
Aug 201820313,97159.403.07$54,901
Jul 2018011,02265.142.93$32,315
Jun 201819012,69260.183.08$50,486
May 201854114,30665.382.90$76,869
Apr 201836815,15263.842.90$67,446
Mar 201818815,89261.222.79$55,798
Feb 201836713,27761.782.77$59,399
Jan 2018016,89562.874.01$67,737
Dec 201773119,65857.272.92$99,296
Nov 201718719,41955.423.12$70,919
Oct 201735018,47349.292.98$72,369
Sep 2017019,70447.523.09$60,832
Aug 201770921,08845.373.00$95,524
Jul 2017024,90743.873.09$76,895
Jun 2017024,76642.493.09$76,460
May 201736523,78045.373.26$94,164
Apr 2017024,35447.933.21$78,215
Mar 201754228,49146.772.98$110,357
Feb 201718626,11650.452.95$86,494
Jan 201774532,69549.413.42$148,588
Dec 201689626,40548.763.72$141,990
Nov 2016028,76842.492.64$76,073
Oct 201689529,15046.193.09$131,421
Sep 201671432,00641.553.10$128,905
Aug 201619034,11141.442.92$107,626
Jul 201689333,98541.622.92$136,550
Jun 201652432,30645.352.69$110,532
May 201670932,66142.521.99$95,176
Apr 201654421,01536.561.99$61,730
Mar 201672622,87633.011.79$65,005
Feb 201635824,46426.472.06$59,961
Jan 201655527,33727.352.36$79,814
Dec 201518529,70732.362.00$65,442
Nov 20151,11326,51438.792.17$100,638
Oct 201536432,62843.552.43$95,027
Sep 201570433,29742.992.76$122,112
Aug 201555036,37140.162.87$126,563
Jul 201573238,75748.152.95$149,388
Jun 201556339,62156.152.88$145,834
May 20151,39043,95655.212.96$206,652
Apr 2015042,70849.822.71$115,592
Mar 201571915,96342.892.93$77,685
Feb 201589640,12644.662.98$159,438
Jan 201569445,36043.433.10$170,785
Dec 20141,62542,64754.693.59$242,032
Nov 201453047,55270.464.25$239,527
Oct 201487253,22678.303.90$275,910
Sep 20141,42053,38386.164.05$338,305
Aug 20141,04258,25289.394.04$328,198
Jul 20141,07960,53096.564.18$357,179
Jun 20141,79056,74998.164.74$444,520
May 201490447,13994.734.73$308,441
Apr 20141,12944,28895.944.81$321,303
Mar 20141,67152,64895.895.06$426,463
Feb 20141,33256,31297.406.19$478,421
Jan 20142,51368,07190.404.86$558,049
Dec 20132,39789,42591.824.35$609,492
Nov 20131,71953,94588.853.74$354,395
Oct 20133,38374,82097.423.78$612,344
Sep 20131,48975,411104.113.72$435,378
Aug 20133,16882,105104.253.52$619,488
Jul 20132,19082,021102.523.72$529,452
Jun 20133,58286,17394.403.93$677,095
May 20134,25196,76194.834.15$804,591
Apr 20133,277102,26993.964.28$745,883
Mar 20135,280117,19193.623.91$952,867
Feb 20133,919110,59091.233.42$735,738
Jan 20135,413134,70891.603.42$956,520
Dec 20124,327121,10786.773.42$789,659
Nov 20126,686144,86786.953.62$1,106,485
Oct 20126,815146,73989.383.40$1,107,990
Sep 20128,620153,50594.672.92$1,264,044
Aug 201210,593164,91592.662.91$1,461,147
Jul 20129,465157,21285.133.02$1,280,661
Jun 201212,968149,17479.822.52$1,410,881
May 20123718,91091.612.49$56,158

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             3 bbl  × $106.41 =       $319
Gas                7,379 Mcf  × $  3.05 =    $22,475

────────────────────────────────────────────────────
Month total                                  $22,794

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/269034 is the state's own key, not one this site invented.