CROSBY & HATCHER -A-

Operated by MOMENTUM OPERATING CO., INC. (P-5 574324) in the PANHANDLE HUTCHINSON COUNTY FLD. field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 1197District 10Field 68887001NGPA filingOilCasinghead gasSaveExport
Value, all time
$24.5 M
Jan 1993 – May 2026
Value, last 12 filed months
$379 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
oil, casinghead 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 918 leases and 8,177 wells, and the rule below applies to all of them.

Discovered
1921-12-31
as the register files it
Field class
Oil
the register's own label
Between wells
467 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 1989-05-01.

The Commission's schedule remark for this field reads: SPECIAL TESTING REQUIREMENTS FOR WELLS WITH GOR GREATER THAN 5000.

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
NGPA7none

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
OilDisposition299,674 bbl$16,970,762
Casinghead gasProduction1,650,707 Mcf$7,524,867
Total$24,495,629

52,857 Mcf of this lease's gas, across 46 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 (32)

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 35.9037, -101.5327. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.1 miles.

35.90264, -101.53320 · 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
25.0%
8 of 32 wells
With a plug date
21.9%
7 of 32 wells
Median depth
3,584 ft
30 wells filed one
Completion to plug
25.3 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
825.0%
A plug date is filed
721.9%
BothOn the schedule and plugged. Neither fact cancels the other.
721.9%
NeitherNo plug date, and not on the schedule.
2475.0%

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

Total depth in feet, 30 of 32 wells. Median 3,584 ft, with the middle half between 3,401 and 3,630 ft; the shallowest is 3,280 ft and the deepest 3,832 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 28 of 32 wells, Sep 1943 – Feb 2013. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Sep 1943 – Feb 2013
28 of 32 wells; 4 filed none
Plug dates filed
Aug 1971 – Aug 2016
7 of 32 wells; 25 filed none

Last completion to plug: a median of 25.3 years across the 3 wells that filed both dates, with the middle half between 17.6 years and 39.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

32 wells

42-2330952853,280 ftApr 1987Yes
42-233832221W3,300 ftSep 1983Yes
42-2338322433,281 ftAug 2004Yes
42-233862698Aug 1971Yes
42-23333482343,685 ftFeb 2013
42-23333457323,683 ftApr 2012
42-23333462313,432 ftApr 2012
42-23333319293,675 ftMar 2008
42-23333318303,675 ftMar 2008
42-23333317283,832 ftMar 2008
42-23333211253,630 ftDec 2007
42-23333212263,630 ftDec 2007
42-23333213273,615 ftSep 2007
42-23333103223,583 ftSep 2007
42-23333210243,585 ftSep 2007
42-23333091203,580 ftMay 2007
42-23333104213,510 ftApr 2007
42-23333114233,614 ftApr 2007
42-23331021143,400 ftNov 2006
42-23330958133,400 ftOct 2006Aug 2016Yes
42-23330741103,412 ftSep 2006
42-23330875123,400 ftSep 2006
42-23332995193,630 ftApr 2004
42-23332937183,696 ftMay 2001
42-23332938153,684 ftApr 2001
42-23332881163,600 ftJan 2000
42-23332870173,600 ftJul 1999
42-23330829113,410 ftFeb 1999
42-2338322323,280 ftFeb 1984Yes
42-2333065093,402 ftApr 1979Aug 2004Yes
42-2330952973,350 ftJul 1953May 2007Yes
42-233095274Sep 1943

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 20263722,175106.413.05$46,209
Apr 20263662,03198.932.87$42,037
Mar 20265561,06689.753.15$53,258
Feb 2026187063.503.75$11,875
Jan 20263672,22959.138.00$39,528
Dec 20255482,19756.664.41$40,746
Nov 2025179058.593.93$10,488
Oct 202537392559.383.30$25,206
Sep 20251901,72162.743.08$17,216
Aug 20253742,06163.933.01$30,123
Jul 20253711,81266.743.32$30,768
Jun 20253772,00166.483.13$31,324
May 20253782,02660.553.23$29,437
Apr 20255581,37862.363.54$39,679
Mar 20251831,37867.704.27$18,271
Feb 202519278170.884.34$16,999
Jan 20255561,76574.324.28$48,874
Dec 20245512,08968.993.12$44,534
Nov 20241881,57769.052.20$16,448
Oct 20243721,69471.372.28$30,414
Sep 2024118069.612.36$8,214
Aug 20243692,26975.632.06$32,590
Jul 20243712,30779.932.15$34,606
Jun 20243872,30778.082.63$36,294
May 20243712,86278.812.20$35,530
Apr 20245751,67584.451.66$51,338
Mar 20243881,81380.301.55$33,958
Feb 2024564076.091.78$42,915
Jan 20244022,28673.023.30$36,892
Dec 20235712,00571.262.61$45,924
Nov 20233622,84177.892.81$36,172
Oct 20235622,28685.443.09$55,075
Sep 20233762,24089.042.74$39,606
Aug 20231832,42680.522.67$21,220
Jul 20233821,62074.852.64$32,872
Jun 20233771,65368.962.26$29,731
May 20233862,20770.622.23$32,175
Apr 20231912,13378.122.24$19,694
Mar 20235823,96272.852.39$51,880
Feb 20235621,97975.112.47$47,091
Jan 20237622,04376.533.39$65,237
Dec 20223632,50676.415.73$42,094
Nov 20225743,45385.005.65$68,286
Oct 20223764,42587.185.86$58,727
Sep 20223671,81084.888.16$45,927
Aug 20225541,82694.529.13$69,030
Jul 20223671,759101.587.54$50,546
Jun 20223751,936115.097.98$58,603
May 20223662,110109.378.43$57,823
Apr 20225582,304104.226.84$73,909
Mar 20225692,711108.885.08$75,715
Feb 20223722,64791.054.86$46,732
Jan 20225512,66881.844.54$57,200
Dec 20215723,31671.323.90$53,725
Nov 20215552,97777.435.24$58,564
Oct 20215593,30279.795.71$63,470
Sep 20215463,02769.865.35$54,341
Aug 20213623,82466.024.22$40,039
Jul 20215613,78870.783.98$54,792
Jun 20215572,87569.493.38$48,425
May 20213792,52363.483.02$31,673
Apr 20215502,92160.362.76$41,255
Mar 20213722,74561.302.72$30,262
Feb 20213752,69757.805.55$36,638
Jan 20215622,62050.412.81$35,693
Dec 20203762,78544.642.68$24,236
Nov 20203662,92438.772.71$22,104
Oct 20203622,01336.972.48$18,372
Sep 20200037.091.99$0
Aug 2020362039.982.39$14,473
Jul 2020358038.371.83$13,736
Jun 20201,0861,87034.901.69$41,062
May 202001,41916.921.81$2,575
Apr 2020181014.751.80$2,670
Mar 20205422,52130.341.86$21,124
Feb 20207312,50549.881.98$41,424
Jan 20205402,86257.252.09$36,910
Dec 20195493,00459.012.30$39,319
Nov 20197173,49655.302.75$49,267
Oct 20193593,15753.472.42$26,831
Sep 20193612,91155.052.66$27,608
Aug 20195432,71653.112.30$35,097
Jul 20195283,11256.272.46$37,366
Jun 20193522,99652.782.49$26,042
May 20193642,79358.482.74$28,940
Apr 20197212,93962.632.75$53,241
Mar 20193671,93056.803.06$26,755
Feb 20195492,85550.852.79$35,888
Jan 20195633,30546.033.23$36,584
Dec 20183802,51046.594.19$28,210
Nov 20185661,99452.934.24$38,407
Oct 20183772,53061.443.40$31,760
Sep 20185432,70059.543.11$40,722
Aug 20185493,45059.403.07$43,190
Jul 20183611,85065.142.93$28,940
Jun 20185553,06260.183.08$42,821
May 20183752,84265.382.90$32,762
Apr 20183202,44463.842.90$27,518
Mar 20181091,01261.222.79$9,493
Feb 20184362,14961.782.77$32,880
Jan 2018822,13162.874.01$13,699
Dec 20172803,05757.272.92$24,967
Nov 20172302,60055.423.12$20,854
Oct 20171842,74149.292.98$17,248
Sep 20171732,60747.523.09$16,270
Aug 20172562,32445.373.00$18,597
Jul 20174782,44143.873.09$28,506
Jun 20172422,42542.493.09$17,769
May 20174962,37345.373.26$30,248
Apr 2017863,17247.933.21$14,309
Mar 20172753,11846.772.98$22,165
Feb 20172662,06150.452.95$19,505
Jan 20173032,31649.413.42$22,889
Dec 20162762,61048.763.72$23,174
Nov 2016921,88242.492.64$8,886
Oct 20164272,71546.193.09$28,113
Sep 20162552,54941.553.10$18,499
Aug 20162852,69941.442.92$19,703
Jul 20164873,08141.622.92$29,279
Jun 20164342,87645.352.69$27,406
May 20164742,74942.521.99$25,628
Apr 20163863,18436.561.99$20,452
Mar 20164433,39533.011.79$20,714
Feb 20164032,86326.472.06$16,576
Jan 20162703,68927.352.36$16,107
Dec 20156754,39832.362.00$30,645
Nov 20155074,22838.792.17$28,830
Oct 20153143,92743.552.43$23,204
Sep 20154543,69542.992.76$29,710
Aug 20155413,29040.162.87$31,177
Jul 20152463,70948.152.95$22,768
Jun 20156663,81456.152.88$48,391
May 20155693,56655.212.96$41,954
Apr 20156022,92949.822.71$37,919
Mar 20158194,34142.892.93$47,866
Feb 20153583,74344.662.98$27,128
Jan 20156003,98443.433.10$38,411
Dec 20145603,69854.693.59$43,907
Nov 20141,0093,98270.464.25$88,025
Oct 20146424,15578.303.90$66,477
Sep 20144683,80086.164.05$55,696
Aug 20144933,98289.394.04$60,137
Jul 20147163,70396.564.18$84,614
Jun 20144413,96698.164.74$62,075
May 20148384,99494.734.73$102,988
Apr 20147893,61495.944.81$93,077
Mar 20148034,82695.895.06$101,404
Feb 20145454,36997.406.19$80,136
Jan 20148065,24690.404.86$98,362
Dec 20137846,31891.824.35$99,498
Nov 20137773,85888.853.74$83,459
Oct 20131,0045,31697.423.78$117,901
Sep 20135525,567104.113.72$78,165
Aug 20131,1745,555104.253.52$141,958
Jul 20137425,826102.523.72$97,729
Jun 20131,1575,50094.403.93$130,855
May 20131,0225,44594.834.15$119,508
Apr 20131,0894,73093.964.28$122,579
Mar 20131,1815,18393.623.91$130,846
Feb 20134374,18991.233.42$54,194
Jan 20131,1866,62291.603.42$131,284
Dec 20126214,92086.773.42$70,711
Nov 20121,3256,77586.953.62$139,768
Oct 20129467,79489.383.40$111,051
Sep 20121,1127,55794.672.92$127,327
Aug 20129517,70092.662.91$110,512
Jul 20121,1417,79385.133.02$120,674
Jun 20121,3218,33779.822.52$126,443
May 20121,3187,52591.612.49$139,467
Apr 20129427,236101.652.00$110,203
Mar 20129326,346105.052.22$112,008
Feb 20129195,801101.102.57$107,821
Jan 20129276,27398.092.73$108,080
Dec 20111,1176,20596.873.24$128,306
Nov 20119446,60995.723.31$112,244
Oct 20111,1307,64384.983.65$123,913
Sep 20111,1117,81883.623.99$124,063
Aug 20119368,01483.404.15$111,315
Jul 20111,1418,91694.144.52$147,689
Jun 20111,3336,82792.904.64$155,512
May 20111,1458,50498.134.40$149,817
Apr 20119524,050105.964.33$118,424
Mar 20111,3197,33096.364.06$156,839
Feb 20119586,67685.644.18$109,949
Jan 20111,3275,59586.504.59$140,460
Dec 20101,1106,61185.734.35$123,903
Nov 20101,3327,00980.843.80$134,280
Oct 20101,3067,81878.103.51$129,431
Sep 20101,14710,06072.633.98$123,340
Aug 20109429,67773.684.42$112,173
Jul 20109564,67272.554.74$91,487
Jun 20101,3317,94270.364.91$132,648
May 20101,3258,16371.124.24$128,806
Apr 20101,5207,62381.694.12$155,596
Mar 20101,3317,58978.394.39$137,643
Feb 20101,5917,16373.585.44$156,049
Jan 20101,3227,63074.365.96$143,810
Dec 20091,6938,17271.445.48$165,761
Nov 20091,3099,60174.593.75$133,656
Oct 20091,9309,98572.544.11$181,043
Sep 20091,69811,88965.543.06$147,724
Aug 20091,94312,06167.423.22$169,815
Jul 20091,95212,94061.133.46$164,156
Jun 20092,34711,87166.163.90$201,515
May 20091,73011,11154.743.93$138,319
Apr 20092,46110,43146.773.59$152,522
Mar 20092,2689,81142.144.06$135,396
Feb 20092,27210,14432.814.63$121,541
Jan 20092,64212,27035.865.37$160,644
Dec 20082,66511,42237.105.98$167,142
Nov 20082,85811,80755.496.86$239,591
Oct 20082,43812,12375.246.92$267,350
Sep 20083,03411,145101.767.88$396,530
Aug 20082,2409,212114.228.48$333,998
Jul 20082,45211,974131.0811.39$457,785
Jun 20082,51611,402131.3313.03$479,024
May 20082,42312,120123.1711.57$438,721
Apr 20082,05710,388110.3110.45$335,513
Mar 20081,70211,135101.909.66$281,043
Feb 20082,0879,36992.538.77$275,282
Jan 20082,1559,05190.388.21$269,039
Dec 20071,3599,38088.337.30$188,533
Nov 20071,5589,36791.677.29$211,123
Oct 20071,5318,92882.856.92$188,643
Sep 20071,4829,68975.846.24$172,895
Aug 20071,3389,08369.066.39$150,424
Jul 20071,0289,36170.906.39$132,683
Jun 20071,3378,93862.007.55$150,362
May 20071,1438,15858.747.85$131,150
Apr 20077632,71759.617.81$66,689
Mar 20076484,77556.927.30$71,751
Feb 20072264,20055.108.22$46,960
Jan 20077065,77650.306.73$74,366
Dec 20065605,78256.656.92$71,726
Nov 20065635,42954.207.62$71,870
Oct 20067515,03654.906.01$71,515
Sep 20063824,30360.085.04$44,626
Aug 20067644,08768.717.34$82,493
Jul 20065784,01969.376.34$65,587
Jun 20065683,86666.286.38$62,327
May 20067544,60866.016.42$79,378
Apr 20065633,50864.397.36$62,072
Mar 20067364,54656.707.08$73,930
Feb 20065593,71957.597.75$61,019
Jan 20067544,38660.598.93$84,866
Dec 20057743,94054.9413.42$95,380
Nov 20055483,87054.6910.59$70,947
Oct 20053884,72058.3413.80$87,752
Sep 20057441,60061.4512.08$65,045
Aug 20055654,33361.519.80$77,203
Jul 20053964,51555.697.84$57,467
Jun 20057384,22352.337.38$69,790
May 20055564,35545.226.65$54,108
Apr 20055234,08449.207.36$55,792
Mar 20057254,35550.377.15$67,678
Feb 20057574,82245.226.31$64,668
Jan 20055394,79343.166.32$53,566
Dec 20047574,82239.866.75$62,728
Nov 20045424,85145.286.33$55,251
Oct 20049325,15749.706.52$79,919
Sep 20047815,21743.245.28$61,337
Aug 20047575,41842.375.55$62,148
Jul 20045805,61238.286.08$56,347
Jun 20047805,15736.106.43$61,333
May 20045425,59737.486.49$56,664
Apr 20049114,30034.475.86$56,594
Mar 20045534,28534.365.53$42,698
Feb 20045454,25532.455.51$41,129
Jan 20045244,30732.036.30$43,916
Dec 20035504,88330.266.30$47,414
Nov 20035514,83628.804.60$38,091
Oct 20035793,86228.174.76$34,692
Sep 20033824,94626.314.75$33,541
Aug 20037695,12129.765.13$49,155
Jul 20037725,09229.415.17$49,034
Jun 20037993,98128.565.98$46,638
May 20039515,25626.595.97$56,680
Apr 20037403,42526.675.41$38,256
Mar 20037154,99331.146.10$52,703
Feb 20039174,79333.487.93$68,690
Jan 20031,0705,12130.315.58$61,017
Dec 20021745,11126.914.85$29,490
Nov 20025675,22724.664.14$35,606
Oct 20025524,68826.464.23$34,432
Sep 20027545,68127.443.64$41,341
Aug 20025635,61425.963.16$32,379
Jul 20027475,97524.583.06$36,655
Jun 20027776,77923.733.34$41,068
May 20029657,35624.663.58$50,161
Apr 20021,10123923.653.51$26,878
Mar 20029365,62722.003.10$38,051
Feb 20025765,28218.222.38$23,043
Jan 20027406,29817.172.38$27,668
Dec 20017336,62616.932.36$28,076
Nov 20019327,03218.072.41$33,757
Oct 20017326,85419.782.53$31,812
Sep 20011,3087,51324.262.25$48,646
Aug 20015767,16124.873.05$36,189
Jul 20019608,34923.933.20$49,665
Jun 20011,1028,66624.563.82$60,205
May 20019388,96025.524.31$62,531
Apr 20013254,35624.685.34$31,262
Mar 20019346,28024.545.38$56,684
Feb 20017635,82327.755.77$54,755
Jan 20017616,99327.478.40$79,637
Dec 20007596,90926.889.12$83,429
Nov 20007347,25832.215.66$64,708
Oct 20009357,48231.235.15$67,699
Sep 20009575,82131.875.19$60,690
Aug 20001,1036,27529.644.54$61,186
Jul 20001,1366,48928.534.09$58,948
Jun 20007897,26229.304.40$55,051
May 20001,1546,18827.263.68$54,228
Apr 20008066,61324.513.12$40,361
Mar 20007956,61928.422.86$41,523
Feb 20009677,35327.622.73$46,756
Jan 20001,0176,71225.272.48$42,349
Dec 1999595124.282.42$14,449
Nov 1999810123.192.43$18,786
Oct 1999995120.982.80$20,878
Sep 1999986121.752.62$21,448
Aug 19991,187119.262.88$22,865
Jul 19991,193117.892.37$21,345
Jun 19995714,91615.942.36$20,714
May 1999590115.792.32$9,318
Apr 1999513115.102.21$7,749
Mar 19996185,18512.471.84$17,238
Feb 19997932,5709.981.82$12,586
Jan 19996642,27110.381.90$11,207
Dec 19986121,6849.201.77$8,617
Nov 19988082,31310.892.19$13,855
Oct 19985982,85312.421.97$13,045
Sep 19987913,09812.592.08$16,411
Aug 19987782,10011.301.91$12,797
Jul 1998568111.742.24$6,671
Jun 19986681,13011.242.24$10,036
May 19985942,06412.622.21$12,050
Apr 19981692,78713.042.51$9,186
Mar 19983302,82812.802.31$10,755
Feb 19985262,81813.952.30$13,817
Jan 19985303,32214.702.15$14,949
Dec 19974873,28716.322.41$15,873
Nov 19976833,68918.193.09$23,816
Oct 19975263,75219.253.15$21,944
Sep 19975263,87617.742.95$20,784
Aug 19975293,70617.862.55$18,916
Jul 19977193,88417.582.25$21,367
Jun 19977194,18817.242.26$21,849
May 19976945,22718.972.31$25,232
Apr 19977094,35717.882.08$21,752
Mar 19978454,82418.951.94$25,367
Feb 19971,0624,86020.492.21$32,481
Jan 19976831,61623.483.54$21,757
Dec 19968781,49023.32$20,475
Nov 199601,08821.97$0
Oct 19965191,65023.31$12,098
Sep 19967092,24722.22$15,754
Aug 19968832,21020.26$17,890
Jul 19968851,95019.55$17,302
Jun 19967131,66118.73$13,354
May 19961,4101,75619.43$27,396
Apr 19969061,71321.51$19,488
Mar 19961,04689819.38$20,271
Feb 199633131916.98$5,620
Jan 1996655017.07$11,181
Dec 1995336017.19$5,776
Nov 1995691316.00$11,056
Oct 199569134915.43$10,662
Sep 199588559216.18$14,319
Aug 199552693215.92$8,374
Jul 199569799715.24$10,622
Jun 199534596616.41$5,661
May 199515876717.56$2,774
Apr 199553795617.73$9,521
Mar 199552472816.44$8,615
Feb 199553161416.58$8,804
Jan 199570283315.92$11,176
Dec 199470792015.03$10,626
Nov 199453272215.90$8,459
Oct 199452890615.58$8,226
Sep 199417163915.29$2,615
Aug 19949720416.13$1,565
Jul 19943537517.56$6,199
Jun 199460557817.09$10,339
May 19947291,23515.88$11,577
Apr 19946121,40814.14$8,654
Mar 199465861212.46$8,199
Feb 19947171,50412.50$8,963
Jan 19945951,64412.66$7,533
Dec 19937981,65612.33$9,839
Nov 19936381,40914.49$9,245
Oct 19936191,27915.85$9,811
Sep 19937251,23215.03$10,897
Aug 19936001,16015.66$9,396
Jul 199372476415.46$11,193
Jun 19936161,62016.79$10,343
May 19937161,59517.68$12,659
Apr 19937811,72618.05$14,097
Mar 19939741,83618.14$17,668
Feb 19937431,60917.90$13,300
Jan 19936671,80516.93$11,292

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
Oil                  372 bbl  × $106.41 =    $39,585
Casinghead gas     2,175 Mcf  × $  3.05 =     $6,625

────────────────────────────────────────────────────
Month total                                  $46,209

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/O/1197 is the state's own key, not one this site invented.