MORSE -A-

Operated by BCE-MACH III LLC (P-5 40209) in the PANHANDLE GRAY COUNTY FIELD field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 196District 10Field 68873001NGPA filingOilCasinghead gasSaveExport
Value, all time
$1.3 M
Jan 1993 – May 2026
Value, last 12 filed months
$18 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 837 leases and 6,360 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: UNTIL THE FLUID MIGRATION FROM SUCH STRATA IS ELIMINATED.

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
NGPA2none

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
OilDisposition14,934 bbl$767,692
Casinghead gasProduction149,992 Mcf$549,626
Total$1,317,318

21,984 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 (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.

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
no depth filed
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.

1 well

42-179810951

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 202612243106.413.05$2,017
Apr 20261326098.932.87$2,032
Mar 20261024689.753.15$1,672
Feb 20261222063.503.75$1,587
Jan 20261024059.138.00$2,511
Dec 20251227356.664.41$1,885
Nov 20251123558.593.93$1,567
Oct 20251229759.383.30$1,694
Sep 20251014062.743.08$1,058
Aug 202511063.933.01$703
Jul 202511366.743.32$744
Jun 202513066.483.13$864
May 202512060.553.23$727
Apr 202513062.363.54$811
Mar 202513067.704.27$880
Feb 202510070.884.34$709
Jan 20251219974.324.28$1,743
Dec 20241014868.993.12$1,152
Nov 2024103069.052.20$756
Oct 202488771.372.28$769
Sep 20241011869.612.36$975
Aug 20241315575.632.06$1,303
Jul 20241327179.932.15$1,621
Jun 20241028678.082.63$1,534
May 20241326178.812.20$1,598
Apr 20241223384.451.66$1,400
Mar 20241411080.301.55$1,294
Feb 20241018476.091.78$1,089
Jan 20241023973.023.30$1,518
Dec 20231328071.262.61$1,657
Nov 20231431477.892.81$1,972
Oct 20231234085.443.09$2,075
Sep 20231433789.042.74$2,168
Aug 20231736380.522.67$2,339
Jul 20231636574.852.64$2,162
Jun 20231129268.962.26$1,418
May 20231732070.622.23$1,913
Apr 20231322178.122.24$1,510
Mar 20231719972.852.39$1,715
Feb 20231317475.112.47$1,405
Jan 20231623376.533.39$2,014
Dec 20221615776.415.73$2,122
Nov 2022136485.005.65$1,466
Oct 2022614787.185.86$1,385
Sep 20221616484.888.16$2,697
Aug 20221937094.529.13$5,173
Jul 202222317101.587.54$4,626
Jun 202213352115.097.98$4,304
May 202220184109.378.43$3,739
Apr 20221399104.226.84$2,032
Mar 20222063108.885.08$2,497
Feb 2022132991.054.86$1,325
Jan 2022203581.844.54$1,796
Dec 20212014271.323.90$1,980
Nov 20212029777.435.24$3,104
Oct 20212035079.795.71$3,596
Sep 20212329369.865.35$3,175
Aug 20212739566.024.22$3,450
Jul 20212140370.783.98$3,091
Jun 20212014469.493.38$1,877
May 202121963.483.02$1,360
Apr 2021212060.362.76$1,323
Mar 2021291361.302.72$1,813
Feb 202121057.805.55$1,214
Jan 202121950.412.81$1,084
Dec 2020211444.642.68$975
Nov 20202514438.772.71$1,359
Oct 2020215036.972.48$7,949
Sep 20202920137.091.99$1,476
Aug 202021039.982.39$840
Jul 20202531238.371.83$1,529
Jun 20202533134.901.69$1,432
May 20202527916.921.81$929
Apr 20202835114.751.80$1,046
Mar 20202537830.341.86$1,460
Feb 20202135149.881.98$1,743
Jan 20202325957.252.09$1,859
Dec 2019247959.012.30$1,598
Nov 20192039555.302.75$2,193
Oct 20192939553.472.42$2,506
Sep 20192619355.052.66$1,944
Aug 2019363553.112.30$1,993
Jul 20192611656.272.46$1,748
Jun 20192634352.782.49$2,227
May 20192841958.482.74$2,786
Apr 201926062.632.75$1,628
Mar 20192346856.803.06$2,739
Feb 2019175150.852.79$1,007
Jan 2019199246.033.23$1,172
Dec 20181722446.594.19$1,730
Nov 20182113852.934.24$1,696
Oct 20181916461.443.40$1,725
Sep 20182112659.543.11$1,642
Aug 20182113059.403.07$1,646
Jul 20182422165.142.93$2,211
Jun 20182125260.183.08$2,039
May 20182126665.382.90$2,145
Apr 20181630463.842.90$1,903
Mar 20181732761.222.79$1,952
Feb 20181730461.782.77$1,891
Jan 20182223662.874.01$2,329
Dec 20171733557.272.92$1,952
Nov 20172732955.423.12$2,522
Oct 20171730549.292.98$1,748
Sep 20172730347.523.09$2,218
Aug 20172433345.373.00$2,089
Jul 20173034243.873.09$2,372
Jun 20172134242.493.09$1,948
May 20171729645.373.26$1,737
Apr 20172138347.933.21$2,237
Mar 20172741446.772.98$2,498
Feb 20172338450.452.95$2,294
Jan 20172039849.413.42$2,349
Dec 20162318948.763.72$1,825
Nov 20162320242.492.64$1,511
Oct 20162720346.193.09$1,874
Sep 20162729541.553.10$2,037
Aug 20163132641.442.92$2,238
Jul 20166031241.622.92$3,410
Jun 20165331645.352.69$3,252
May 20164512542.521.99$2,162
Apr 20164720736.561.99$2,130
Mar 20164939033.011.79$2,317
Feb 20164237126.472.06$1,877
Jan 20164939027.352.36$2,262
Dec 20154637932.362.00$2,247
Nov 20156638538.792.17$3,395
Oct 20155439643.552.43$3,313
Sep 20154936642.992.76$3,116
Aug 20155532340.162.87$3,137
Jul 20156226848.152.95$3,775
Jun 20154932856.152.88$3,697
May 20154920855.212.96$3,320
Apr 20155624049.822.71$3,440
Mar 20154739542.892.93$3,175
Feb 20154236044.662.98$2,947
Jan 20155536543.433.10$3,520
Dec 20145439154.693.59$4,357
Nov 20145538670.464.25$5,517
Oct 20145623578.303.90$5,302
Sep 20145535886.164.05$6,187
Aug 20144927389.394.04$5,482
Jul 20145536696.564.18$6,841
Jun 20145534498.164.74$7,028
May 20145635194.734.73$6,964
Apr 20147024495.944.81$7,889
Mar 20145431695.895.06$6,776
Feb 20144634397.406.19$6,604
Jan 20144139690.404.86$5,631
Dec 20134937891.824.35$6,145
Nov 20136332688.853.74$6,816
Oct 20135639697.423.78$6,952
Sep 201356387104.113.72$7,269
Aug 201385407104.253.52$10,295
Jul 201355390102.523.72$7,089
Jun 20135036194.403.93$6,140
May 20135734394.834.15$6,828
Apr 20135738193.964.28$6,987
Mar 20136540393.623.91$7,662
Feb 20134432091.233.42$5,108
Jan 20134238691.603.42$5,167
Dec 20124238686.773.42$4,965
Nov 20127038486.953.62$7,478
Oct 20125038689.383.40$5,781
Sep 20127130594.672.92$7,612
Aug 20125739492.662.91$6,427
Jul 20127139685.133.02$7,240
Jun 20125738579.822.52$5,520
May 20125731591.612.49$6,006
Apr 201264398101.652.00$7,300
Mar 201258409105.052.22$7,002
Feb 201271396101.102.57$8,196
Jan 20126642498.092.73$7,633
Dec 201115837496.873.24$16,517
Nov 20115840695.723.31$6,896
Oct 20116442184.983.65$6,975
Sep 20114939683.623.99$5,676
Aug 201111033483.404.15$10,560
Jul 201110039994.144.52$11,216
Jun 201110617592.904.64$10,659
May 20119042798.134.40$10,713
Apr 201145125105.964.33$5,310
Mar 20119843596.364.06$11,208
Feb 20115541285.644.18$6,432
Jan 20116645586.504.59$7,797
Dec 20105343785.734.35$6,444
Nov 20104522180.843.80$4,477
Oct 20103442278.103.51$4,136
Sep 20104138872.633.98$4,522
Aug 20103124573.684.42$3,367
Jul 20103524772.554.74$3,709
Jun 20104139570.364.91$4,824
May 20103138271.124.24$3,823
Apr 20103641981.694.12$4,668
Mar 20104841078.394.39$5,562
Feb 20102036973.585.44$3,480
Jan 20103041274.365.96$4,688
Dec 20093345171.445.48$4,831
Nov 20093045274.593.75$3,933
Oct 20093947172.544.11$4,765
Sep 20092934465.543.06$2,955
Aug 20093642367.423.22$3,789
Jul 20092944461.133.46$3,311
Jun 20093423666.163.90$3,169
May 20092822254.743.93$2,404
Apr 20093433846.773.59$2,803
Mar 20093632742.144.06$2,844
Feb 20093134232.814.63$2,602
Jan 20093346435.865.37$3,676
Dec 20083746037.105.98$4,122
Nov 20084139455.496.86$4,978
Oct 20083035175.246.92$4,687
Sep 200844275101.767.88$6,644
Aug 200832249114.228.48$5,767
Jul 200826318131.0811.39$7,030
Jun 200837269131.3313.03$8,365
May 200841413123.1711.57$9,830
Apr 200828414110.3110.45$7,417
Mar 200838363101.909.66$7,380
Feb 20082240192.538.77$5,553
Jan 20083427890.388.21$5,354
Dec 20074516988.337.30$5,209
Nov 20073327691.677.29$5,038
Oct 20073844282.856.92$6,208
Sep 20073845375.846.24$5,711
Aug 20073147269.066.39$5,156
Jul 20074243370.906.39$5,744
Jun 20074446662.007.55$6,246
May 20075247958.747.85$6,813
Apr 20074035959.617.81$5,186
Mar 20074844756.927.30$5,996
Feb 20073243355.108.22$5,321
Jan 20073546150.306.73$4,862
Dec 20064348556.656.92$5,791
Nov 20064236854.207.62$5,080
Oct 20063747554.906.01$4,888
Sep 20063446360.085.04$4,375
Aug 20064648468.717.34$6,713
Jul 20063041769.376.34$4,726
Jun 20063029366.286.38$3,859
May 20063336366.016.42$4,511
Apr 20063238364.397.36$4,880
Mar 20062239556.707.08$4,045
Feb 20062334457.597.75$3,991
Jan 20063651360.598.93$6,764
Dec 20053353454.9413.42$8,977
Nov 20053342054.6910.59$6,252
Oct 20053651658.3413.80$9,219
Sep 20052616761.4512.08$3,615
Aug 20053948061.519.80$7,101
Jul 20053743655.697.84$5,480
Jun 20052742752.337.38$4,565
May 20053212545.226.65$2,278
Apr 20053120849.207.36$3,056
Mar 20053252250.377.15$5,347
Feb 20053247845.226.31$4,464
Jan 20053153243.166.32$4,701
Dec 20043750139.866.75$4,857
Nov 20043446945.286.33$4,508
Oct 20046350549.706.52$6,421
Sep 20045452543.245.28$5,109
Aug 20046154942.375.55$5,632
Jul 20044854238.286.08$5,135
Jun 20045149636.106.43$5,032
May 20045141437.486.49$4,600
Apr 20045540534.475.86$4,269
Mar 20046655034.365.53$5,309
Feb 20045152332.455.51$4,536
Jan 20045555532.036.30$5,258
Dec 20035555730.266.30$5,174
Nov 20034654328.804.60$3,820
Oct 20035947328.174.76$3,913
Sep 20035537326.314.75$3,219
Aug 20035346129.765.13$3,942
Jul 20036657529.415.17$4,914
Jun 20033156128.565.98$4,242
May 20033158726.595.97$4,330
Apr 20032641626.675.41$2,943
Mar 20033658331.146.10$4,675
Feb 20032651833.487.93$4,976
Jan 20032958130.315.58$4,122
Dec 20023658926.914.85$3,828
Nov 20022657924.664.14$3,036
Oct 20022860126.464.23$3,283
Sep 20023255927.443.64$2,910
Aug 20022958725.963.16$2,610
Jul 20023559924.583.06$2,694
Jun 20023058223.733.34$2,655
May 20023357824.663.58$2,885
Apr 20023058323.653.51$2,757
Mar 20023356422.003.10$2,476
Feb 20022746918.222.38$1,606
Jan 20023755317.172.38$1,949
Dec 20013257016.932.36$1,889
Nov 20014056618.072.41$2,084
Oct 20014059619.782.53$2,298
Sep 20012757624.262.25$1,952
Aug 20014159124.873.05$2,824
Jul 20013339023.933.20$2,037
Jun 20013223724.563.82$1,692
May 20013322825.524.31$1,824
Apr 20013229924.685.34$2,385
Mar 20012736424.545.38$2,620
Feb 20012634527.755.77$2,711
Jan 20013139427.478.40$4,161
Dec 20002657126.889.12$5,908
Nov 20003357032.215.66$4,288
Oct 20003359531.235.15$4,092
Sep 20002756831.875.19$3,806
Aug 20004058229.644.54$3,828
Jul 20002758828.534.09$3,175
Jun 20002757929.304.40$3,337
May 20003956727.263.68$3,150
Apr 20002757624.513.12$2,457
Mar 20003960128.422.86$2,827
Feb 20002757027.622.73$2,300
Jan 20003360325.272.48$2,330
Dec 19992660024.282.42$2,086
Nov 19994160623.192.43$2,426
Oct 19993562020.982.80$2,473
Sep 19994057621.752.62$2,378
Aug 19992340019.262.88$1,593
Jul 19992548717.892.37$1,603
Jun 19991952615.942.36$1,545
May 19993141215.792.32$1,446
Apr 19992755515.102.21$1,633
Mar 19993256612.471.84$1,440
Feb 1999243979.981.82$961
Jan 19993052710.381.90$1,313
Dec 1998346159.201.77$1,403
Nov 19982646710.892.19$1,304
Oct 19982763112.421.97$1,578
Sep 19983354112.592.08$1,542
Aug 19982958311.301.91$1,440
Jul 19983657511.742.24$1,709
Jun 19982956211.242.24$1,583
May 19982955512.622.21$1,591
Apr 19983659313.042.51$1,955
Mar 19983556912.802.31$1,762
Feb 19983356013.952.30$1,748
Jan 19983063314.702.15$1,805
Dec 19974062316.322.41$2,155
Nov 19973061018.193.09$2,430
Oct 19973262819.253.15$2,594
Sep 19973859217.742.95$2,423
Aug 19973763417.862.55$2,281
Jul 19973962917.582.25$2,099
Jun 19973862617.242.26$2,068
May 19973256518.972.31$1,911
Apr 19974850117.882.08$1,902
Mar 19974159018.951.94$1,921
Feb 19973750220.492.21$1,865
Jan 19974656623.483.54$3,084
Dec 19964756423.32$1,096
Nov 19963854421.97$835
Oct 19965555423.31$1,282
Sep 19964753522.22$1,044
Aug 19964755420.26$952
Jul 19965756619.55$1,114
Jun 19964854018.73$899
May 19966655919.43$1,282
Apr 19964759621.51$1,011
Mar 19964856819.38$930
Feb 19966654216.98$1,121
Jan 19966750817.07$1,144
Dec 19954854717.19$825
Nov 19956852316.00$1,088
Oct 19954655315.43$710
Sep 19954854116.18$777
Aug 19955857415.92$923
Jul 19954849215.24$732
Jun 19954828416.41$788
May 19956726917.56$1,177
Apr 19954526717.73$798
Mar 19955426916.44$888
Feb 19953525916.58$580
Jan 19955031815.92$796
Dec 19944732415.03$706
Nov 19945136815.90$811
Oct 19945637415.58$872
Sep 19944336915.29$657
Aug 1994535716.13$855
Jul 199440517.56$702
Jun 19944939117.09$837
May 19944951715.88$778
Apr 19945151414.14$721
Mar 19944353612.46$536
Feb 19945248212.50$650
Jan 19944852612.66$608
Dec 19937152812.33$875
Nov 19936450114.49$927
Oct 19936451315.85$1,014
Sep 19935238215.03$782
Aug 19936146315.66$955
Jul 19936151515.46$943
Jun 19936249416.79$1,041
May 19935150717.68$902
Apr 19935050718.05$903
Mar 19935654318.14$1,016
Feb 19934750017.90$841
Jan 19935554216.93$931

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                   12 bbl  × $106.41 =     $1,277
Casinghead gas       243 Mcf  × $  3.05 =       $740

────────────────────────────────────────────────────
Month total                                   $2,017

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/196 is the state's own key, not one this site invented.