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SMITH

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

Gas lease lease 280462District 10Field 131472852 tax incentive programmesCondensateGasSaveExport
Value, all time
$17.8 M
Oct 2015 – May 2026
Value, last 12 filed months
$769 k
at the published price for each month
Months reported
128
no gaps in the span
Streams
2
condensate, gas

The BUFFALO WALLOW (GRANITE WASH) field

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 1,387 leases and 1,388 wells, and the rule below applies to all of them.

Discovered
1974-09-09
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2016-03-29.

The Commission's schedule remark for this field reads: “01-30-2024”

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 Gas112016-10-06219219
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
CondensateDisposition97,994 bbl$4,713,052
GasProduction4,698,539 Mcf$13,109,796
Total$17,822,848

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 35.6330, -100.2744. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.63305, -100.27444 · 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
11,684 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 11,684 ft.

Completions filed
Oct 2015
1 of 1 wells

1 well

42-211354636038H11,684 ftOct 2015——

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 (128)

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

128 months

May 202634512,616106.413.05$75,138
Apr 202638512,28598.932.87$73,343
Mar 202616811,73489.753.15$52,034
Feb 202620111,85163.503.75$57,209
Jan 202637713,31559.138.00$128,784
Dec 2025013,06856.664.41$57,674
Nov 20255377,69758.593.93$61,685
Oct 202518914,65259.383.30$59,645
Sep 202518512,91362.743.08$51,339
Aug 2025014,28063.933.01$43,051
Jul 202517414,10666.743.32$58,377
Jun 202518712,12666.483.13$50,371
May 202516812,97960.553.23$52,125
Apr 202519411,20262.363.54$51,788
Mar 202519815,25267.704.27$78,505
Feb 202505,95070.884.34$25,828
Jan 20253279,99574.324.28$67,068
Dec 2024014,17968.993.12$44,258
Nov 202433314,07169.052.20$53,928
Oct 2024014,77771.372.28$33,712
Sep 202432614,00269.612.36$55,799
Aug 202416313,40275.632.06$39,984
Jul 202416913,22379.932.15$41,893
Jun 202440213,69378.082.63$67,455
May 202453113,72678.812.20$72,024
Apr 202419113,87384.451.66$39,148
Mar 202456215,46280.301.55$69,019
Feb 202416714,80276.091.78$39,108
Jan 2024013,79373.023.30$45,485
Dec 202356214,07371.262.61$76,789
Nov 202319114,43877.892.81$55,413
Oct 202338013,12985.443.09$73,000
Sep 202302,81989.042.74$7,710
Aug 20231839,83180.522.67$41,012
Jul 202308,79674.852.64$23,237
Jun 20231707,58368.962.26$28,849
May 20231748,24770.622.23$30,657
Apr 202308,77078.122.24$19,625
Mar 20231918,38972.852.39$33,991
Feb 20231846,24675.112.47$29,221
Jan 20231748,73276.533.39$42,898
Dec 20221797,65776.415.73$57,545
Nov 202207,69085.005.65$43,419
Oct 20221597,58087.185.86$58,309
Sep 20221887,90284.888.16$80,467
Aug 20221748,33994.529.13$92,558
Jul 202208,473101.587.54$63,904
Jun 20221849,725115.097.98$98,755
May 20221719,659109.378.43$100,157
Apr 20223698,830104.226.84$98,833
Mar 202219410,423108.885.08$74,034
Feb 202208,42391.054.86$40,926
Jan 20221786,09781.844.54$42,234
Dec 20211749,26471.323.90$48,531
Nov 202118614,45977.435.24$90,122
Oct 2021015,56979.795.71$88,959
Sep 202115914,49169.865.35$88,648
Aug 202118813,35566.024.22$68,778
Jul 2021018,97870.783.98$75,572
Jun 2021029,80069.493.38$100,742
May 2021023,43963.483.02$70,731
Apr 202117410,88860.362.76$40,536
Mar 202116816,52361.302.72$55,190
Feb 202117818,43857.805.55$112,582
Jan 202116223,94850.412.81$75,467
Dec 202015213,45444.642.68$42,781
Nov 202038015,68838.772.71$57,193
Oct 202037821,35436.972.48$66,899
Sep 202019521,75037.091.99$50,538
Aug 202038422,71639.982.39$69,532
Jul 202036723,35138.371.83$56,700
Jun 202035922,37134.901.69$50,343
May 202035623,93416.921.81$49,458
Apr 202037123,49014.751.80$47,857
Mar 202048924,75930.341.86$60,795
Feb 202058522,79749.881.98$74,333
Jan 20201,47226,94457.252.09$140,713
Dec 201958435,50759.012.30$116,283
Nov 201957434,70155.302.75$127,194
Oct 201976335,61753.472.42$126,939
Sep 201974336,08655.052.66$136,793
Aug 201973537,32653.112.30$125,048
Jul 201972433,25656.272.46$122,551
Jun 201977331,33152.782.49$118,851
May 201956932,04358.482.74$121,083
Apr 201997231,71862.632.75$148,123
Mar 201998232,34556.803.06$154,821
Feb 201955729,93650.852.79$111,911
Jan 20191,00034,26546.033.23$156,644
Dec 201873334,76946.594.19$179,674
Nov 20181,12634,29352.934.24$204,907
Oct 201873636,63061.443.40$169,692
Sep 201890936,21059.543.11$166,663
Aug 201854938,30559.403.07$150,075
Jul 20181,05739,83865.142.93$185,653
Jun 201890538,69960.183.08$173,537
May 201886241,05665.382.90$175,453
Apr 20181,48940,73963.842.90$213,233
Mar 201873543,40261.222.79$165,951
Feb 20181,30039,33661.782.77$189,122
Jan 201839944,22762.874.01$202,405
Dec 201759146,08157.272.92$168,473
Nov 201719845,98555.423.12$154,371
Oct 201796748,03349.292.98$190,979
Sep 20171,45447,79447.523.09$216,648
Aug 201776051,79645.373.00$190,097
Jul 20171,29853,66943.873.09$222,634
Jun 20171,08053,76142.493.09$211,864
May 20171,13557,46245.373.26$239,016
Apr 20171,33457,39147.933.21$248,256
Mar 20171,31061,75346.772.98$245,520
Feb 20171,32858,18850.452.95$238,803
Jan 20171,32666,99849.413.42$294,570
Dec 20161,51769,01648.763.72$330,904
Nov 20161,51672,36642.492.64$255,776
Oct 20161,89579,70646.193.09$333,842
Sep 20161,40782,12541.553.10$313,100
Aug 20162,54890,09641.442.92$369,060
Jul 20161,54896,96241.622.92$347,978
Jun 20162,479101,13845.352.69$384,062
May 20162,778113,52442.521.99$344,151
Apr 20162,827120,34436.561.99$342,965
Mar 20162,796138,06333.011.79$339,982
Feb 20163,036146,06726.472.06$381,791
Jan 20163,099217,41327.352.36$598,800
Dec 20155,625309,00932.362.00$800,479
Nov 201511,982370,12138.792.17$1,266,956
Oct 20153,023113,40843.552.43$406,845

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           345 bbl  × $106.41 =    $36,711
Gas               12,616 Mcf  × $  3.05 =    $38,426

────────────────────────────────────────────────────
Month total                                  $75,138

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/280462 is the state's own key, not one this site invented.