SHORT

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 197District 10Field 68873001NGPA filingOilCasinghead gasSaveExport
Value, all time
$1.4 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
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
NGPA3none

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
OilDisposition28,740 bbl$1,349,187
Casinghead gasProduction7,677 Mcf$17,470
Total$1,366,657

2,009 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 (3)

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 35.4547, -100.8082. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

35.45489, -100.80820 · 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
33.3%
1 of 3 wells
With a plug date
0.0%
0 of 3 wells
Median depth
3,155 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
133.3%
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.
266.7%

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 3,155 ft.

Completions filed
Mar 1977
1 of 3 wells; 2 filed none

3 wells

42-179810972Yes
42-179810984
42-1793032653,155 ftMar 1977

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 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 2022740109.378.43$8,093
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 202146069.865.35$3,214
Aug 202158066.024.22$3,829
Jul 20210070.783.98$0
Jun 2021158069.493.38$10,979
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 2020160030.341.86$4,854
Feb 20200049.881.98$0
Jan 2020163057.252.09$9,332
Dec 20190059.012.30$0
Nov 2019160055.302.75$8,848
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 2019158053.112.30$8,391
Jul 2019157056.272.46$8,834
Jun 20190052.782.49$0
May 2019160058.482.74$9,357
Apr 20190562.632.75$14
Mar 2019158556.803.06$8,990
Feb 201910550.852.79$522
Jan 20190546.033.23$16
Dec 2018147546.594.19$6,870
Nov 20180552.934.24$21
Oct 2018161561.443.40$9,909
Sep 20180559.543.11$16
Aug 2018181559.403.07$10,767
Jul 20180565.142.93$15
Jun 2018157560.183.08$9,464
May 20180565.382.90$15
Apr 2018162563.842.90$10,357
Mar 2018157561.222.79$9,625
Feb 20180561.782.77$14
Jan 20180562.874.01$20
Dec 2017327557.272.92$18,742
Nov 20170555.423.12$16
Oct 20170549.292.98$15
Sep 20170547.523.09$15
Aug 2017157545.373.00$7,138
Jul 20170543.873.09$15
Jun 2017161542.493.09$6,856
May 20170545.373.26$16
Apr 20170547.933.21$16
Mar 20170546.772.98$15
Feb 20170550.452.95$15
Jan 20170549.413.42$17
Dec 20160548.763.72$19
Nov 20160542.492.64$13
Oct 20160546.193.09$15
Sep 20160541.553.10$16
Aug 20160541.442.92$15
Jul 20160541.622.92$15
Jun 20160545.352.69$13
May 20160542.521.99$10
Apr 20160536.561.99$10
Mar 20160533.011.79$9
Feb 201645526.472.06$1,201
Jan 20160527.352.36$12
Dec 20150532.362.00$10
Nov 20150538.792.17$11
Oct 20150543.552.43$12
Sep 20150542.992.76$14
Aug 20150540.162.87$14
Jul 2015190548.152.95$9,163
Jun 20150556.152.88$14
May 2015163555.212.96$9,014
Apr 2015158549.822.71$7,885
Mar 20150542.892.93$15
Feb 20150544.662.98$15
Jan 20150543.433.10$16
Dec 2014165554.693.59$9,042
Nov 2014167570.464.25$11,788
Oct 2014157578.303.90$12,313
Sep 20140586.164.05$20
Aug 2014165589.394.04$14,770
Jul 2014159596.564.18$15,374
Jun 20140598.164.74$24
May 2014162594.734.73$15,370
Apr 2014321595.944.81$30,821
Mar 20140595.895.06$25
Feb 20140597.406.19$31
Jan 2014164590.404.86$14,850
Dec 2013160591.824.35$14,713
Nov 2013192588.853.74$17,078
Oct 20130597.423.78$19
Sep 20131555104.113.72$16,156
Aug 20131955104.253.52$20,346
Jul 20131595102.523.72$16,319
Jun 20130594.403.93$20
May 2013161594.834.15$15,288
Apr 2013187593.964.28$17,592
Mar 20130593.623.91$20
Feb 20130591.233.42$17
Jan 2013159591.603.42$14,582
Dec 20120586.773.42$17
Nov 20120586.953.62$18
Oct 20120589.383.40$17
Sep 20120594.672.92$15
Aug 2012155592.662.91$14,377
Jul 20120585.133.02$15
Jun 20120579.822.52$13
May 201287591.612.49$7,983
Apr 20121895101.652.00$19,222
Mar 201205105.052.22$11
Feb 20121615101.102.57$16,290
Jan 20120598.092.73$14
Dec 2011102596.873.24$9,897
Nov 20110595.723.31$17
Oct 20110584.983.65$18
Sep 2011159583.623.99$13,316
Aug 2011158583.404.15$13,198
Jul 20110594.144.52$23
Jun 2011105592.904.64$9,778
May 2011146598.134.40$14,349
Apr 201105105.964.33$22
Mar 20110596.364.06$20
Feb 20110585.644.18$21
Jan 20110586.504.59$23
Dec 20100585.734.35$22
Nov 20100580.843.80$19
Oct 2010163578.103.51$12,748
Sep 2010164572.633.98$11,931
Aug 2010157573.684.42$11,590
Jul 20100572.554.74$24
Jun 2010318570.364.91$22,399
May 20100571.124.24$21
Apr 20100581.694.12$21
Mar 20100578.394.39$22
Feb 2010156573.585.44$11,506
Jan 20100574.365.96$30
Dec 2009159571.445.48$11,386
Nov 2009160574.593.75$11,953
Oct 20090572.544.11$21
Sep 2009158565.543.06$10,371
Aug 2009156567.423.22$10,534
Jul 20090561.133.46$17
Jun 2009155566.163.90$10,274
May 2009154554.743.93$8,450
Apr 20090546.773.59$18
Mar 20090542.144.06$20
Feb 200919532.814.63$647
Jan 2009168535.865.37$6,051
Dec 20080537.105.98$30
Nov 20080555.496.86$34
Oct 20080575.246.92$35
Sep 20082165101.767.88$22,020
Aug 200805114.228.48$42
Jul 20081430131.0811.39$18,744
Jun 200805131.3313.03$65
May 20081605123.1711.57$19,765
Apr 20081625110.3110.45$17,922
Mar 20081565101.909.66$15,945
Feb 20080592.538.77$44
Jan 20080590.388.21$41
Dec 20070588.337.30$37
Nov 2007165591.677.29$15,162
Oct 2007164582.856.92$13,622
Sep 20070575.846.24$31
Aug 2007165569.066.39$11,427
Jul 2007164570.906.39$11,660
Jun 20070562.007.55$38
May 2007164558.747.85$9,673
Apr 20070559.617.81$39
Mar 2007158556.927.30$9,030
Feb 20070555.108.22$41
Jan 20070550.306.73$34
Dec 2006162556.656.92$9,212
Nov 2006160554.207.62$8,710
Oct 2006160554.906.01$8,814
Sep 2006160560.085.04$9,638
Aug 20060568.717.34$37
Jul 2006173569.376.34$12,033
Jun 20060566.286.38$32
May 20060566.016.42$32
Apr 20060564.397.36$37
Mar 2006170556.707.08$9,674
Feb 20060557.597.75$39
Jan 2006164560.598.93$9,981
Dec 2005170554.9413.42$9,407
Nov 2005160554.6910.59$8,803
Oct 2005161058.3413.80$9,393
Sep 2005165561.4512.08$10,200
Aug 2005162561.519.80$10,014
Jul 2005165555.697.84$9,228
Jun 2005158552.337.38$8,305
May 20050545.226.65$33
Apr 2005160549.207.36$7,909
Mar 20050550.377.15$36
Feb 2005161545.226.31$7,312
Jan 2005162543.166.32$7,024
Dec 20040539.866.75$34
Nov 2004169545.286.33$7,684
Oct 2004161549.706.52$8,034
Sep 2004166543.245.28$7,204
Aug 2004158542.375.55$6,722
Jul 2004161538.286.08$6,194
Jun 20040536.106.43$32
May 20040537.486.49$32
Apr 20040534.475.86$29
Mar 2004159534.365.53$5,491
Feb 2004161532.455.51$5,252
Jan 20040532.036.30$32
Dec 2003161530.266.30$4,903
Nov 2003159528.804.60$4,602
Oct 20030528.174.76$24
Sep 2003158526.314.75$4,181
Aug 2003158529.765.13$4,728
Jul 2003155529.415.17$4,584
Jun 2003153528.565.98$4,400
May 2003161526.595.97$4,311
Apr 20030526.675.41$27
Mar 2003155531.146.10$4,857
Feb 2003162533.487.93$5,463
Jan 2003161530.315.58$4,908
Dec 2002159526.914.85$4,303
Nov 20020524.664.14$21
Oct 2002158526.464.23$4,202
Sep 2002163527.443.64$4,491
Aug 20021591425.963.16$4,172
Jul 200209624.583.06$294
Jun 200215512023.733.34$4,079
May 200201924.663.58$68
Apr 20020523.653.51$18
Mar 2002152522.003.10$3,360
Feb 20020518.222.38$12
Jan 2002160517.172.38$2,759
Dec 20010516.932.36$12
Nov 2001155518.072.41$2,813
Oct 2001159519.782.53$3,158
Sep 20010524.262.25$11
Aug 2001158524.873.05$3,945
Jul 2001154523.933.20$3,701
Jun 2001153524.563.82$3,777
May 2001154525.524.31$3,952
Apr 20010524.685.34$27
Mar 2001154524.545.38$3,806
Feb 20011561627.755.77$4,421
Jan 20010527.478.40$42
Dec 20000526.889.12$46
Nov 20001413432.215.66$4,734
Oct 20001568331.235.15$5,299
Sep 20001577831.875.19$5,408
Aug 20001587729.644.54$5,033
Jul 200008028.534.09$327
Jun 20001587329.304.40$4,950
May 200006527.263.68$239
Apr 200008824.513.12$274
Mar 200009528.422.86$272
Feb 2000013927.622.73$379
Jan 200007125.272.48$176
Dec 199907324.282.42$177
Nov 199908023.192.43$195
Oct 199907920.982.80$221
Sep 199905921.752.62$155
Aug 199905219.262.88$150
Jul 199905917.892.37$140
Jun 199907615.942.36$180
May 199907115.792.32$165
Apr 199908215.102.21$181
Mar 199908412.471.84$154
Feb 19990759.981.82$136
Jan 19991599010.381.90$1,821
Dec 19980919.201.77$161
Nov 199807910.892.19$173
Oct 199808912.421.97$175
Sep 19981609612.592.08$2,214
Aug 19981568211.301.91$1,919
Jul 199807911.742.24$177
Jun 19981608811.242.24$1,995
May 1998010112.622.21$223
Apr 19981889713.042.51$2,695
Mar 199809912.802.31$229
Feb 199807313.952.30$168
Jan 19981649914.702.15$2,624
Dec 199709916.322.41$239
Nov 19971569818.193.09$3,140
Oct 199709219.253.15$290
Sep 199715810217.742.95$3,104
Aug 1997010017.862.55$255
Jul 199715411517.582.25$2,966
Jun 1997013717.242.26$309
May 199716014518.972.31$3,370
Apr 1997014317.882.08$298
Mar 199718715618.951.94$3,846
Feb 199718116620.492.21$4,075
Jan 199715214423.483.54$4,079
Dec 1996011623.32$0
Nov 199615511821.97$3,405
Oct 1996011423.31$0
Sep 199616111422.22$3,577
Aug 199616012920.26$3,242
Jul 199616014619.55$3,128
Jun 1996016618.73$0
May 199615921919.43$3,089
Apr 19961621421.51$3,485
Mar 19961591619.38$3,081
Feb 19961601416.98$2,717
Jan 199601417.07$0
Dec 19951591517.19$2,733
Nov 19951601616.00$2,560
Oct 19951611715.43$2,484
Sep 199501616.18$0
Aug 19951641815.92$2,611
Jul 19951581615.24$2,408
Jun 19951561816.41$2,560
May 19951611717.56$2,827
Apr 19951621717.73$2,872
Mar 199501616.44$0
Feb 19951632116.58$2,703
Jan 19951552115.92$2,468
Dec 19941582315.03$2,375
Nov 19941612215.90$2,560
Oct 199402215.58$0
Sep 19941582115.29$2,416
Aug 19941582516.13$2,549
Jul 19941562117.56$2,739
Jun 19941572317.09$2,683
May 199402315.88$0
Apr 19941612114.14$2,277
Mar 19941582312.46$1,969
Feb 19941602112.50$2,000
Jan 19941602312.66$2,026
Dec 19931612312.33$1,985
Nov 19931572414.49$2,275
Oct 19931642315.85$2,599
Sep 19931552415.03$2,330
Aug 19931642815.66$2,568
Jul 19931582915.46$2,443
Jun 19931603116.79$2,686
May 19931523017.68$2,687
Apr 19931583218.05$2,852
Mar 19931573618.14$2,848
Feb 19931654217.90$2,954
Jan 19931603116.93$2,709

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 2022 — as filed, then multipliedworked
Oil                   74 bbl  × $109.37 =     $8,093
Casinghead gas         0 Mcf  × $  8.43 =         $0

────────────────────────────────────────────────────
Month total                                   $8,093

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/197 is the state's own key, not one this site invented.