FARRAR 117

Operated by PRESIDIO PETROLEUM LLC (P-5 676084) in the LIPSCOMB, S.E. (CLEVELAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 278965District 10Field 538782502 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.0 M
Nov 2015 – May 2026
Value, last 12 filed months
$242 k
at the published price for each month
Months reported
127
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 468 leases and 529 wells, and the rule below applies to all of them.

Discovered
1983-12-21
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
330 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: FIELD

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 Gas112017-11-17219995
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
CondensateDisposition65,867 bbl$3,468,153
GasProduction479,070 Mcf$1,506,497
Total$4,974,650

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 36.0273, -100.4798. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.02733, -100.47984 · 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
8,338 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 8,338 ft.

Completions filed
Dec 2014
1 of 1 wells

1 well

42-211353851H8,338 ftDec 2014

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 (127)

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

127 months

May 20261891,994106.413.05$26,185
Apr 20263721,98598.932.87$42,498
Mar 20261892,02289.753.15$23,331
Feb 20261841,83363.503.75$18,558
Jan 20263702,11359.138.00$38,778
Dec 202502,32256.664.41$10,248
Nov 202501,23958.593.93$4,865
Oct 20251231,41259.383.30$11,970
Sep 2025471,48162.743.08$7,506
Aug 20252262,08963.933.01$20,746
Jul 20253572,12866.743.32$30,881
Jun 202502,05766.483.13$6,436
May 20253732,14760.553.23$29,525
Apr 20251952,09862.363.54$19,594
Mar 20251842,15067.704.27$21,634
Feb 20253622,00470.884.34$34,358
Jan 20251852,25374.324.28$23,389
Dec 20243632,12568.993.12$31,676
Nov 20241803,08969.052.20$19,220
Oct 2024068371.372.28$1,558
Sep 202401,19769.612.36$2,830
Aug 20241761,45375.632.06$16,309
Jul 20241852,25779.932.15$19,632
Jun 20241752,29278.082.63$19,701
May 20241862,37878.812.20$19,887
Apr 20243722,38484.451.66$35,371
Mar 20241812,95080.301.55$19,092
Feb 202401,61976.091.78$2,888
Jan 202401,57273.023.30$5,184
Dec 20231762,20171.262.61$18,288
Nov 20233702,42777.892.81$35,633
Oct 20233812,65285.443.09$40,740
Sep 20233312,67289.042.74$36,780
Aug 202301,78880.522.67$4,779
Jul 202302,63274.852.64$6,953
Jun 20231761,95168.962.26$16,543
May 20231962,62870.622.23$19,695
Apr 20233742,43078.122.24$34,655
Mar 20233802,60572.852.39$33,917
Feb 20231922,38775.112.47$20,307
Jan 20231782,58276.533.39$22,369
Dec 20223642,60476.415.73$42,732
Nov 20221872,64285.005.65$30,812
Oct 20225612,89387.185.86$65,872
Sep 202202,56684.888.16$20,948
Aug 20223792,74694.529.13$60,886
Jul 20223802,840101.587.54$60,020
Jun 202202,777115.097.98$22,153
May 20223662,887109.378.43$64,376
Apr 20221872,752104.226.84$38,306
Mar 20222552,885108.885.08$42,410
Feb 20222392,64691.054.86$34,617
Jan 20223782,98281.844.54$44,467
Dec 20213793,03271.323.90$38,852
Nov 20211962,98277.435.24$30,793
Oct 20213663,16879.795.71$47,305
Sep 20214213,15769.865.35$46,304
Aug 20213763,36566.024.22$39,026
Jul 20211892,92070.783.98$25,005
Jun 20211893,11669.493.38$23,668
May 20213633,19363.483.02$32,679
Apr 20213753,24360.362.76$31,581
Mar 20213743,44661.302.72$32,289
Feb 20213673,04357.805.55$38,095
Jan 20211913,41550.412.81$19,225
Dec 20203843,46644.642.68$26,415
Nov 20205623,40038.772.71$30,991
Oct 20203693,63036.972.48$22,639
Sep 20205533,58537.091.99$27,649
Aug 20203723,77939.982.39$23,886
Jul 20203703,85438.371.83$21,231
Jun 20209393,76834.901.69$39,140
May 202004,00416.921.81$7,266
Apr 20203653,92014.751.80$12,457
Mar 20203814,09930.341.86$19,168
Feb 20205713,83149.881.98$36,069
Jan 20205744,11357.252.09$41,477
Dec 20191883,43859.012.30$19,016
Nov 20193773,39355.302.75$30,181
Oct 20195583,59353.472.42$38,526
Sep 20195643,55555.052.66$40,495
Aug 20195603,65153.112.30$38,155
Jul 20193683,73656.272.46$29,898
Jun 20197503,66952.782.49$48,725
May 20193763,93858.482.74$32,780
Apr 20193753,90362.632.75$34,222
Mar 20195663,93556.803.06$44,198
Feb 20197443,69250.852.79$48,141
Jan 20193913,84946.033.23$30,423
Dec 20183893,77746.594.19$33,932
Nov 20185783,89352.934.24$47,089
Oct 20187584,14161.443.40$60,643
Sep 20185614,14159.543.11$46,272
Aug 20185604,49359.403.07$47,042
Jul 20187464,62065.142.93$62,140
Jun 20185454,30660.183.08$46,047
May 20189254,70865.382.90$74,133
Apr 20185664,64363.842.90$49,602
Mar 20187484,51861.222.79$58,384
Feb 20187384,25961.782.77$57,375
Jan 20183845,15062.874.01$44,790
Dec 20179455,18257.272.92$69,259
Nov 20177505,26855.423.12$57,993
Oct 20177605,25749.292.98$53,146
Sep 20175665,35347.523.09$43,423
Aug 20171,1265,67645.373.00$68,140
Jul 20179445,78743.873.09$59,279
Jun 20179315,66842.493.09$57,057
May 20179246,13745.373.26$61,949
Apr 20177535,86547.933.21$54,927
Mar 20171,3086,13746.772.98$79,486
Feb 20177585,82750.452.95$55,446
Jan 20171,3106,04249.413.42$85,383
Dec 20161,1296,33848.763.72$78,645
Nov 20161,1257,29042.492.64$67,079
Oct 20161,1187,96046.193.09$76,239
Sep 20161,1117,71841.553.10$70,093
Aug 20161,4988,27741.442.92$86,282
Jul 20161,4858,50441.622.92$86,674
Jun 20161,1108,47845.352.69$73,109
May 20161,8428,68542.521.99$95,614
Apr 20161,7008,96936.561.99$80,010
Mar 20161,7279,48233.011.79$74,019
Feb 20161,7436,72726.472.06$60,019
Jan 20161,9517,17627.352.36$70,327
Dec 20152,1177,12532.362.00$82,766
Nov 20151,3718,11138.792.17$70,760

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           189 bbl  × $106.41 =    $20,111
Gas                1,994 Mcf  × $  3.05 =     $6,073

────────────────────────────────────────────────────
Month total                                  $26,185

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/278965 is the state's own key, not one this site invented.