LOVETT, H. B.

Operated by PONDEROSA TX OPERATING LLC (P-5 670097) 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 218District 10Field 68873001OilCasinghead gasSaveExport
Value, all time
$1.0 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 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.

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
OilDisposition20,732 bbl$999,848
Casinghead gasProduction6,298 Mcf$2,902
Total$1,002,750

5,191 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 (2)

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 35.4171, -100.8717. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

35.41707, -100.87175 · 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
50.0%
1 of 2 wells
With a plug date
50.0%
1 of 2 wells
Median depth
3,080 ft
1 wells filed one
Completion to plug
3.1 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
150.0%
A plug date is filed
150.0%
BothOn the schedule and plugged. Neither fact cancels the other.
150.0%
NeitherNo plug date, and not on the schedule.
150.0%

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 3,080 ft.

Completions filed
Jul 1987
1 of 2 wells; 1 filed none
Plug dates filed
Aug 1990
1 of 2 wells; 1 filed none

Last completion to plug: a median of 3.1 years across the 1 well that filed both dates, with the middle half between 3.1 years and 3.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-179811644
42-1793187263,080 ftJul 1987Aug 1990Yes

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 2026163059.138.00$9,638
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 202597062.743.08$6,086
Aug 20250063.933.01$0
Jul 2025155066.743.32$10,345
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 2025158067.704.27$10,697
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 2024134069.612.36$9,328
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 202491078.812.20$7,172
Apr 20240084.451.66$0
Mar 2024134080.301.55$10,760
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 2023136077.892.81$10,593
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 202356080.522.67$4,509
Jul 20230074.852.64$0
Jun 2023117068.962.26$8,068
May 202354070.622.23$3,813
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 202341075.112.47$3,080
Jan 202370076.533.39$5,357
Dec 20220076.415.73$0
Nov 202285085.005.65$7,225
Oct 20220087.185.86$0
Sep 2022107084.888.16$9,082
Aug 20220094.529.13$0
Jul 2022940101.587.54$9,549
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 2022850104.226.84$8,859
Mar 202200108.885.08$0
Feb 202299091.054.86$9,014
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 202168077.435.24$5,265
Oct 20210079.795.71$0
Sep 202174069.865.35$5,170
Aug 20210066.024.22$0
Jul 202179070.783.98$5,592
Jun 20210069.493.38$0
May 202184063.483.02$5,332
Apr 20210060.362.76$0
Mar 2021155061.302.72$9,502
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 2020165038.772.71$6,397
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 2020176034.901.69$6,142
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 2019154055.302.75$8,516
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 2019159058.482.74$9,298
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 2019169046.033.23$7,779
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 2018169059.403.07$10,039
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 2018174065.382.90$11,376
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 2018166062.874.01$10,436
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 2017177047.523.09$8,411
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 2017173042.493.09$7,351
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 2017172050.452.95$8,677
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 2016171046.193.09$7,898
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 2016171045.352.69$7,755
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 2016174033.011.79$5,744
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 2015179038.792.17$6,943
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 2015172048.152.95$8,282
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 2015172042.892.93$7,377
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 2014163054.693.59$8,914
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 2014175089.394.04$15,643
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 2014172094.734.73$16,294
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 2014170090.404.86$15,368
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 2013173097.423.78$16,854
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 20131720102.523.72$17,633
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 2013172093.623.91$16,103
Feb 20130091.233.42$0
Jan 2013172091.603.42$15,755
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 2012176094.672.92$16,662
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 2012174079.822.52$13,889
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 20121740105.052.22$18,279
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 2011167096.873.24$16,177
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 2011171094.144.52$16,098
Jun 20110092.904.64$0
May 2011170098.134.40$16,682
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 2010175085.734.35$15,003
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 2010173072.554.74$12,551
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 2010161078.394.39$12,621
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 2009174072.544.11$12,622
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 2009174054.743.93$9,525
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 2009170032.814.63$5,578
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 20081750101.767.88$17,808
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 20081750131.3313.03$22,983
May 200800123.1711.57$0
Apr 20081740110.3110.45$19,194
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 2008179090.388.21$16,178
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 2007176082.856.92$14,582
Sep 20070075.846.24$0
Aug 2007175069.066.39$12,086
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 2007175058.747.85$10,280
Apr 20070059.617.81$0
Mar 2007174056.927.30$9,904
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 2006176054.207.62$9,539
Oct 20060054.906.01$0
Sep 2006176060.085.04$10,574
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 2006175066.286.38$11,599
May 20060166.016.42$6
Apr 20060164.397.36$7
Mar 2006174156.707.08$9,873
Feb 20060157.597.75$8
Jan 20060160.598.93$9
Dec 2005180154.9413.42$9,903
Nov 20050154.6910.59$11
Oct 20050158.3413.80$14
Sep 2005177161.4512.08$10,889
Aug 20050161.519.80$10
Jul 20050155.697.84$8
Jun 20050152.337.38$7
May 2005171145.226.65$7,739
Apr 20050149.207.36$7
Mar 20050150.377.15$7
Feb 2005178145.226.31$8,055
Jan 20050143.166.32$6
Dec 20040139.866.75$7
Nov 2004176145.286.33$7,976
Oct 20040049.706.52$0
Sep 20040143.245.28$5
Aug 2004173142.375.55$7,336
Jul 20040138.286.08$6
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 2004176034.475.86$6,067
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 2004176032.036.30$5,637
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 2003179028.174.76$5,042
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 2003177029.415.17$5,206
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 2003180026.675.41$4,801
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 2003178030.315.58$5,395
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 2002179026.464.23$4,736
Sep 20020027.443.64$0
Aug 2002174025.963.16$4,517
Jul 20020024.583.06$0
Jun 200297023.733.34$2,302
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 2002176022.003.10$3,872
Feb 20020018.222.38$0
Jan 2002180017.172.38$3,091
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 2001178019.782.53$3,521
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 2001179023.933.20$4,283
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 2001174024.685.34$4,294
Mar 2001177024.545.38$4,344
Feb 20010127.755.77$6
Jan 20010127.478.40$8
Dec 20000126.889.12$9
Nov 2000181132.215.66$5,836
Oct 20000131.235.15$5
Sep 2000174131.875.19$5,551
Aug 20000129.644.54$5
Jul 20000128.534.09$4
Jun 2000174129.304.40$5,103
May 20000127.263.68$4
Apr 20000124.513.12$3
Mar 2000177128.422.86$5,033
Feb 20000127.622.73$3
Jan 20000125.272.48$2
Dec 19990024.282.42$0
Nov 1999170023.192.43$3,942
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 1999172019.262.88$3,313
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 199917309.981.82$1,727
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980110.892.19$2
Oct 19980112.421.97$2
Sep 19980012.592.08$0
Aug 199801411.301.91$27
Jul 19981762411.742.24$2,120
Jun 19980311.242.24$7
May 199804812.622.21$106
Apr 199803313.042.51$83
Mar 199809912.802.31$229
Feb 19980913.952.30$21
Jan 19981815814.702.15$2,786
Dec 199703416.322.41$82
Nov 199704618.193.09$142
Oct 199707619.253.15$239
Sep 199709517.742.95$281
Aug 19971778417.862.55$3,376
Jul 199709817.582.25$220
Jun 199707417.242.26$167
May 199717711318.972.31$3,619
Apr 199704217.882.08$87
Mar 199702618.951.94$50
Feb 199705220.492.21$115
Jan 199704123.483.54$145
Dec 19961777123.32$4,128
Nov 199607021.97$0
Oct 1996010223.31$0
Sep 199617916722.22$3,977
Aug 1996019320.26$0
Jul 1996017419.55$0
Jun 199617713818.73$3,315
May 1996013519.43$0
Apr 1996012421.51$0
Mar 199615913419.38$3,081
Feb 1996014316.98$0
Jan 199618014917.07$3,073
Dec 1995018117.19$0
Nov 199517716316.00$2,832
Oct 1995022015.43$0
Sep 199517726216.18$2,864
Aug 199517626215.92$2,802
Jul 1995047715.24$0
Jun 199517315116.41$2,839
May 199502117.56$0
Apr 19951722417.73$3,050
Mar 199502616.44$0
Feb 19951763716.58$2,918
Jan 199502815.92$0
Dec 19941783215.03$2,675
Nov 199403815.90$0
Oct 19941797315.58$2,789
Sep 199407215.29$0
Aug 19941747316.13$2,807
Jul 19941777317.56$3,108
Jun 199406317.09$0
May 19941786215.88$2,827
Apr 199406114.14$0
Mar 19941776012.46$2,205
Feb 199405212.50$0
Jan 19941766612.66$2,228
Dec 199307512.33$0
Nov 19931787014.49$2,579
Oct 199307515.85$0
Sep 19931785515.03$2,675
Aug 199306515.66$0
Jul 19931766915.46$2,721
Jun 19931777716.79$2,972
May 1993011217.68$0
Apr 199317912118.05$3,231
Mar 1993016218.14$0
Feb 199318013217.90$3,222
Jan 1993174116.93$2,946

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.

Jan 2026 — as filed, then multipliedworked
Oil                  163 bbl  × $ 59.13 =     $9,638
Casinghead gas         0 Mcf  × $  8.00 =         $0

────────────────────────────────────────────────────
Month total                                   $9,638

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/218 is the state's own key, not one this site invented.