LASATER

Operated by BORGER RESOURCES 3 LLC (P-5 83233) 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 1948District 10Field 68887001OilCasinghead gasSaveExport
Value, all time
$1.9 M
Jan 1993 – May 2026
Value, last 12 filed months
$26 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.

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
OilDisposition22,771 bbl$1,195,811
Casinghead gasProduction210,284 Mcf$719,847
Total$1,915,658

41,526 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 (7)

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 35.8594, -101.4499. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

35.85837, -101.44957 · 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
28.6%
2 of 7 wells
With a plug date
28.6%
2 of 7 wells
Median depth
3,285 ft
4 wells filed one
Completion to plug
32.8 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
228.6%
A plug date is filed
228.6%
BothOn the schedule and plugged. Neither fact cancels the other.
228.6%
NeitherNo plug date, and not on the schedule.
571.4%

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

Between 3,250 and 3,303 ft, median 3,285 ft, over the 4 wells that filed a depth.

Completions filed
Jan 1959 – Feb 1976
3 of 7 wells; 4 filed none
Plug dates filed
Dec 1993 – Oct 2008
2 of 7 wells; 5 filed none

Last completion to plug: a median of 32.8 years across the 2 wells that filed both dates, with the middle half between 25.3 years and 40.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

7 wells

42-2331049943,278 ft
42-233105017
42-233845413
42-233845435
42-2331070213,291 ftFeb 1976Dec 1993Yes
42-2331050063,250 ftDec 1960Oct 2008Yes
42-2331070723,303 ftJan 1959

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 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 2025028356.664.41$1,249
Nov 202515933858.593.93$10,643
Oct 2025026559.383.30$876
Sep 2025023062.743.08$708
Aug 202516331863.933.01$11,379
Jul 2025012666.743.32$418
Jun 2025010166.483.13$316
May 2025021060.553.23$679
Apr 20250062.363.54$0
Mar 20251626667.704.27$11,249
Feb 202509370.884.34$404
Jan 2025017474.324.28$744
Dec 2024022068.993.12$687
Nov 2024171069.052.20$11,808
Oct 20240671.372.28$14
Sep 202405169.612.36$121
Aug 202417516175.632.06$13,567
Jul 2024027479.932.15$588
Jun 2024021478.082.63$564
May 20240078.812.20$0
Apr 2024014184.451.66$234
Mar 202416326280.301.55$13,494
Feb 202409376.091.78$166
Jan 20240073.023.30$0
Dec 2023172071.262.61$12,257
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 2023164074.852.64$12,275
Jun 2023017168.962.26$386
May 2023016470.622.23$365
Apr 2023023578.122.24$526
Mar 202317833872.852.39$13,776
Feb 2023050975.112.47$1,255
Jan 2023041676.533.39$1,409
Dec 202217546376.415.73$16,024
Nov 2022062085.005.65$3,501
Oct 2022034687.185.86$2,029
Sep 2022026484.888.16$2,155
Aug 202216942794.529.13$19,871
Jul 20220437101.587.54$3,296
Jun 20220511115.097.98$4,076
May 20221770109.378.43$19,358
Apr 20220600104.226.84$4,103
Mar 2022165390108.885.08$19,945
Feb 2022056991.054.86$2,765
Jan 2022061581.844.54$2,791
Dec 20211725471.323.90$12,478
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 202104769.865.35$251
Aug 2021177066.024.22$11,686
Jul 20210170.783.98$4
Jun 202117628269.493.38$13,184
May 2021034263.483.02$1,032
Apr 2021032760.362.76$902
Mar 202116467861.302.72$11,895
Feb 202116744757.805.55$12,133
Jan 2021064250.412.81$1,804
Dec 2020038144.642.68$1,019
Nov 2020014738.772.71$398
Oct 202016254236.972.48$7,332
Sep 2020044937.091.99$894
Aug 2020024139.982.39$575
Jul 2020037338.371.83$681
Jun 2020031334.901.69$529
May 202017328416.921.81$3,443
Apr 2020044114.751.80$796
Mar 2020049830.341.86$924
Feb 202014917249.881.98$7,773
Jan 2020076557.252.09$1,602
Dec 2019043859.012.30$1,009
Nov 2019034455.302.75$946
Oct 2019040153.472.42$970
Sep 201917244155.052.66$10,640
Aug 2019077553.112.30$1,786
Jul 2019065256.272.46$1,604
Jun 201917477652.782.49$11,117
May 201901,00158.482.74$2,743
Apr 2019069962.632.75$1,923
Mar 20191669656.803.06$9,723
Feb 2019031450.852.79$877
Jan 201917265446.033.23$10,028
Dec 2018060246.594.19$2,520
Nov 2018060352.934.24$2,555
Oct 201817260661.443.40$12,627
Sep 2018054659.543.11$1,697
Aug 2018052959.403.07$1,622
Jul 2018050065.142.93$1,466
Jun 2018063960.183.08$1,966
May 2018087865.382.90$2,547
Apr 201809263.842.90$267
Mar 201807261.222.79$201
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 201716710847.523.09$8,269
Aug 2017021445.373.00$643
Jul 2017029443.873.09$908
Jun 2017037842.493.09$1,167
May 201715623645.373.26$7,848
Apr 2017043547.933.21$1,397
Mar 2017044446.772.98$1,325
Feb 2017033350.452.95$983
Jan 2017020849.413.42$711
Dec 2016032348.763.72$1,202
Nov 20161752442.492.64$7,499
Oct 2016034646.193.09$1,069
Sep 2016045241.553.10$1,401
Aug 2016054341.442.92$1,588
Jul 201617647341.622.92$8,708
Jun 2016057045.352.69$1,531
May 2016025142.521.99$500
Apr 201617727136.561.99$7,011
Mar 2016064333.011.79$1,154
Feb 201617361126.472.06$5,840
Jan 201618163227.352.36$6,445
Dec 2015053732.362.00$1,075
Nov 201517957538.792.17$8,190
Oct 2015051843.552.43$1,257
Sep 2015053642.992.76$1,479
Aug 201517965340.162.87$9,064
Jul 201517595148.152.95$11,227
Jun 20150056.152.88$0
May 20151771,69055.212.96$14,767
Apr 201517845949.822.71$10,110
Mar 2015080442.892.93$2,360
Feb 201517737544.662.98$9,021
Jan 2015031643.433.10$980
Dec 2014043654.693.59$1,566
Nov 2014060070.464.25$2,551
Oct 201417577478.303.90$16,722
Sep 201417774786.164.05$18,272
Aug 2014080089.394.04$3,228
Jul 201417682996.564.18$20,459
Jun 2014057198.164.74$2,705
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 201416130095.895.06$16,955
Feb 201416562097.406.19$19,910
Jan 2014071990.404.86$3,495
Dec 201316365791.824.35$17,828
Nov 2013046188.853.74$1,723
Oct 201317646197.423.78$18,888
Sep 20130558104.113.72$2,075
Aug 20130521104.253.52$1,835
Jul 2013176535102.523.72$20,033
Jun 2013062094.403.93$2,439
May 201317759594.834.15$19,254
Apr 201317967193.964.28$19,692
Mar 2013088993.623.91$3,479
Feb 2013082091.233.42$2,804
Jan 201331883091.603.42$31,967
Dec 2012062186.773.42$2,124
Nov 2012075386.953.62$2,730
Oct 201217363289.383.40$17,611
Sep 2012077594.672.92$2,262
Aug 201217140492.662.91$17,020
Jul 2012065585.133.02$1,979
Jun 201216778379.822.52$15,302
May 201217660291.612.49$17,621
Apr 201201,003101.652.00$2,003
Mar 20121761,224105.052.22$21,209
Feb 20120604101.102.57$1,552
Jan 201216970098.092.73$18,491
Dec 2011071596.873.24$2,316
Nov 201117776795.723.31$19,482
Oct 2011075184.983.65$2,740
Sep 201117916983.623.99$15,642
Aug 20110383.404.15$12
Jul 20111739194.144.52$16,697
Jun 2011010992.904.64$506
May 20111761,26298.134.40$22,830
Apr 2011063105.964.33$273
Mar 201117113096.364.06$17,005
Feb 2011175085.644.18$14,987
Jan 2011880286.504.59$4,372
Dec 2010045085.734.35$1,956
Nov 2010087880.843.80$3,332
Oct 201017793378.103.51$17,097
Sep 2010082972.633.98$3,299
Aug 201017992473.684.42$17,272
Jul 2010039272.554.74$1,857
Jun 201017589870.364.91$16,723
May 201016397071.124.24$15,701
Apr 20101641,00681.694.12$17,545
Mar 201017297878.394.39$17,775
Feb 2010089873.585.44$4,887
Jan 201001,08874.365.96$6,489
Dec 2009058671.445.48$3,213
Nov 200917278474.593.75$15,771
Oct 20091741,25072.544.11$17,760
Sep 200901,21065.543.06$3,708
Aug 20091642,26567.423.22$18,347
Jul 20091751,45661.133.46$15,742
Jun 20091761,89166.163.90$19,010
May 20091682,04254.743.93$17,213
Apr 200902,45646.773.59$8,811
Mar 20091771,21642.144.06$12,395
Feb 2009083332.814.63$3,859
Jan 200916861935.865.37$9,349
Dec 2008065637.105.98$3,921
Nov 200817668655.496.86$14,472
Oct 2008088675.246.92$6,133
Sep 20080906101.767.88$7,137
Aug 20080543114.228.48$4,606
Jul 2008175459131.0811.39$28,167
Jun 20080417131.3313.03$5,435
May 20080634123.1711.57$7,338
Apr 20080671110.3110.45$7,015
Mar 20080654101.909.66$6,320
Feb 200816346892.538.77$19,187
Jan 2008044890.388.21$3,676
Dec 2007046188.337.30$3,366
Nov 2007043991.677.29$3,201
Oct 2007047082.856.92$3,253
Sep 2007046675.846.24$2,910
Aug 2007046469.066.39$2,964
Jul 200717854870.906.39$16,121
Jun 2007036962.007.55$2,785
May 2007037258.747.85$2,919
Apr 2007018659.617.81$1,452
Mar 200717136156.927.30$12,369
Feb 2007031555.108.22$2,588
Jan 2007031450.306.73$2,112
Dec 2006033356.656.92$2,304
Nov 2006041854.207.62$3,184
Oct 2006036954.906.01$2,219
Sep 2006057860.085.04$2,912
Aug 200617562168.717.34$16,582
Jul 2006044469.376.34$2,816
Jun 2006043966.286.38$2,803
May 2006045166.016.42$2,898
Apr 2006045464.397.36$3,342
Mar 200617144956.707.08$12,876
Feb 2006042157.597.75$3,263
Jan 2006048160.598.93$4,297
Dec 2005048054.9413.42$6,439
Nov 2005063954.6910.59$6,766
Oct 2005057858.3413.80$7,974
Sep 2005019061.4512.08$2,295
Aug 2005053061.519.80$5,192
Jul 2005058055.697.84$4,549
Jun 200517751652.337.38$13,071
May 2005065645.226.65$4,363
Apr 200516850949.207.36$12,012
Mar 2005055450.377.15$3,964
Feb 2005053845.226.31$3,396
Jan 2005055343.166.32$3,496
Dec 2004044639.866.75$3,011
Nov 2004052545.286.33$3,323
Oct 200416954649.706.52$11,957
Sep 2004052543.245.28$2,774
Aug 2004050642.375.55$2,809
Jul 2004055938.286.08$3,401
Jun 2004058336.106.43$3,750
May 2004047337.486.49$3,072
Apr 200415049434.475.86$8,065
Mar 2004048434.365.53$2,677
Feb 2004046132.455.51$2,540
Jan 2004055532.036.30$3,496
Dec 2003050330.266.30$3,170
Nov 200317644328.804.60$7,104
Oct 2003051728.174.76$2,461
Sep 2003051126.314.75$2,427
Aug 2003054529.765.13$2,796
Jul 200317654829.415.17$8,010
Jun 2003055128.565.98$3,297
May 2003056926.595.97$3,398
Apr 200315354726.675.41$7,038
Mar 2003053431.146.10$3,255
Feb 2003047233.487.93$3,741
Jan 2003050030.315.58$2,791
Dec 200210340226.914.85$4,723
Nov 2002044424.664.14$1,837
Oct 2002050426.464.23$2,131
Sep 2002045527.443.64$1,654
Aug 20029852525.963.16$4,205
Jul 2002029024.583.06$888
Jun 2002050723.733.34$1,692
May 2002055224.663.58$1,978
Apr 20021641523.653.51$3,931
Mar 2002045722.003.10$1,418
Feb 2002063218.222.38$1,501
Jan 2002071817.172.38$1,706
Dec 200117589216.932.36$5,072
Nov 2001064618.072.41$1,554
Oct 2001030719.782.53$776
Sep 2001036224.262.25$815
Aug 2001057524.873.05$1,756
Jul 200117539723.933.20$5,457
Jun 2001033124.563.82$1,266
May 2001044325.524.31$1,908
Apr 2001044124.685.34$2,353
Mar 20011717424.545.38$4,594
Feb 2001019627.755.77$1,130
Jan 2001035627.478.40$2,990
Dec 2000031226.889.12$2,846
Nov 2000028532.215.66$1,613
Oct 2000037131.235.15$1,909
Sep 2000036531.875.19$1,893
Aug 200017242029.644.54$7,005
Jul 2000051028.534.09$2,086
Jun 2000020329.304.40$893
May 2000969627.263.68$2,970
Apr 2000052924.513.12$1,648
Mar 2000067328.422.86$1,925
Feb 2000081027.622.73$2,208
Jan 200017082625.272.48$6,345
Dec 1999043524.282.42$1,054
Nov 1999090623.192.43$2,205
Oct 1999076220.982.80$2,136
Sep 199934861121.752.62$9,169
Aug 1999057819.262.88$1,662
Jul 1999053617.892.37$1,272
Jun 1999054515.942.36$1,287
May 1999046515.792.32$1,079
Apr 1999050015.102.21$1,104
Mar 1999051112.471.84$939
Feb 199902639.981.82$478
Jan 199914452710.381.90$2,496
Dec 199803859.201.77$683
Nov 199815910410.892.19$1,959
Oct 1998019912.421.97$392
Sep 1998036012.592.08$750
Aug 199817027711.301.91$2,449
Jul 1998021711.742.24$485
Jun 1998167111.242.24$1,879
May 19980112.622.21$2
Apr 1998031313.042.51$784
Mar 1998062712.802.31$1,448
Feb 1998038413.952.30$883
Jan 1998044514.702.15$959
Dec 1997061616.322.41$1,485
Nov 1997063418.193.09$1,958
Oct 1997070119.253.15$2,208
Sep 1997054117.742.95$1,599
Aug 1997053917.862.55$1,377
Jul 199716650217.582.25$4,046
Jun 1997040717.242.26$919
May 1997055318.972.31$1,277
Apr 199716461117.882.08$4,205
Mar 1997064118.951.94$1,243
Feb 1997056220.492.21$1,240
Jan 1997073523.483.54$2,602
Dec 1996083223.32$0
Nov 199618187621.97$3,977
Oct 199601,06223.31$0
Sep 199617577222.22$3,889
Aug 1996094920.26$0
Jul 1996097619.55$0
Jun 199615590018.73$2,903
May 1996097019.43$0
Apr 19966791621.51$1,441
Mar 199601,04219.38$0
Feb 19962181,01416.98$3,702
Jan 199601,06017.07$0
Dec 199501,12117.19$0
Nov 1995721,34616.00$1,152
Oct 19951491,61015.43$2,299
Sep 1995781,05016.18$1,262
Aug 199516178715.92$2,563
Jul 19957582015.24$1,143
Jun 1995067016.41$0
May 199522379417.56$3,916
Apr 1995091017.73$0
Mar 19959085316.44$1,480
Feb 199517963116.58$2,968
Jan 19959450615.92$1,496
Dec 1994066115.03$0
Nov 19946976515.90$1,097
Oct 199417993815.58$2,789
Sep 19948168315.29$1,238
Aug 199417955616.13$2,887
Jul 1994063417.56$0
Jun 199417459517.09$2,974
May 19949869015.88$1,556
Apr 1994060014.14$0
Mar 199422837412.46$2,841
Feb 1994062012.50$0
Jan 199410093812.66$1,266
Dec 199316098912.33$1,973
Nov 199310293714.49$1,478
Oct 199318288515.85$2,885
Sep 199317983115.03$2,690
Aug 19939890715.66$1,535
Jul 199301,08015.46$0
Jun 19931031,03016.79$1,729
May 1993811,04017.68$1,432
Apr 19931811,03218.05$3,267
Mar 19931791,06618.14$3,247
Feb 199318298317.90$3,258
Jan 19938222516.93$1,388

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.

Dec 2025 — as filed, then multipliedworked
Oil                    0 bbl  × $ 56.66 =         $0
Casinghead gas       283 Mcf  × $  4.41 =     $1,249

────────────────────────────────────────────────────
Month total                                   $1,249

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/1948 is the state's own key, not one this site invented.