PHILLIPS, OTIS

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 2363District 10Field 68887001NGPA filingOilCasinghead gasSaveExport
Value, all time
$2.4 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 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
NGPA1none

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
OilDisposition8,191 bbl$318,741
Casinghead gasProduction584,044 Mcf$2,110,592
Total$2,429,333

129,262 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 (5)

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 36.0109, -101.6107. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

36.01103, -101.61008 · 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
60.0%
3 of 5 wells
With a plug date
60.0%
3 of 5 wells
Median depth
3,296 ft
4 wells filed one
Completion to plug
51.9 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
360.0%
A plug date is filed
360.0%
BothOn the schedule and plugged. Neither fact cancels the other.
360.0%
NeitherNo plug date, and not on the schedule.
240.0%

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

Between 3,285 and 3,597 ft, median 3,296 ft, over the 4 wells that filed a depth.

Completions filed
Oct 1960 – Jan 1982
2 of 5 wells; 3 filed none
Plug dates filed
Feb 1985 – Dec 2024
3 of 5 wells; 2 filed none

Last completion to plug: a median of 51.9 years across the 1 well that filed both dates, with the middle half between 51.9 years and 51.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells

42-2330016013,285 ftFeb 1985Yes
42-2338495933,292 ftDec 2024Yes
42-233849604
42-2333094553,597 ftJan 1982
42-2330439923,300 ftOct 1960Sep 2012Yes

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 202352080.522.67$4,187
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 2022050387.185.86$2,949
Sep 2022056884.888.16$4,637
Aug 2022068094.529.13$6,206
Jul 20220514101.587.54$3,877
Jun 20220640115.097.98$5,105
May 20220735109.378.43$6,198
Apr 20220478104.226.84$3,268
Mar 20220621108.885.08$3,152
Feb 2022060591.054.86$2,940
Jan 202206081.844.54$272
Dec 202109971.323.90$386
Nov 202105377.435.24$278
Oct 202109079.795.71$514
Sep 202108969.865.35$476
Aug 202109066.024.22$380
Jul 202105070.783.98$199
Jun 202103969.493.38$132
May 20210063.483.02$0
Apr 202107360.362.76$201
Mar 202109961.302.72$269
Feb 202105157.805.55$283
Jan 202105750.412.81$160
Dec 202008044.642.68$214
Nov 202005138.772.71$138
Oct 202009936.972.48$245
Sep 2020016037.091.99$319
Aug 202009939.982.39$236
Jul 202009038.371.83$164
Jun 202008134.901.69$137
May 2020020016.921.81$363
Apr 2020099914.751.80$1,803
Mar 2020070230.341.86$1,303
Feb 2020099949.881.98$1,979
Jan 202001,10157.252.09$2,306
Dec 2019099459.012.30$2,291
Nov 2019085755.302.75$2,357
Oct 2019090253.472.42$2,182
Sep 2019085755.052.66$2,277
Aug 201901,20353.112.30$2,772
Jul 201901,12156.272.46$2,758
Jun 201901,06552.782.49$2,653
May 201901,15658.482.74$3,168
Apr 2019063062.632.75$1,733
Mar 201901,47656.803.06$4,520
Feb 201901,36250.852.79$3,803
Jan 2019040746.033.23$1,314
Dec 2018065046.594.19$2,721
Nov 2018035152.934.24$1,487
Oct 2018044861.443.40$1,522
Sep 2018062759.543.11$1,949
Aug 2018049159.403.07$1,506
Jul 201801,06965.142.93$3,134
Jun 2018082060.183.08$2,523
May 201887065.382.90$5,688
Apr 20180063.842.90$0
Mar 20180061.222.79$0
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 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 2016192046.193.09$8,868
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150342.992.76$8
Aug 201501040.162.87$29
Jul 20150948.152.95$27
Jun 20150056.152.88$0
May 2015018155.212.96$535
Apr 2015055449.822.71$1,499
Mar 201501,56842.892.93$4,602
Feb 201501,36044.662.98$4,048
Jan 201501,40043.433.10$4,341
Dec 201401,37854.693.59$4,949
Nov 201401,09870.464.25$4,669
Oct 201401,18578.303.90$4,623
Sep 201401,08786.164.05$4,397
Aug 201401,28989.394.04$5,201
Jul 201401,49196.564.18$6,232
Jun 201401,35298.164.74$6,404
May 201401,16794.734.73$5,516
Apr 2014099695.944.81$4,790
Mar 201401,38295.895.06$6,989
Feb 20141601,26597.406.19$23,417
Jan 201401,45690.404.86$7,077
Dec 201301,28991.824.35$5,613
Nov 2013046188.853.74$1,723
Oct 201301,35097.423.78$5,102
Sep 201301,330104.113.72$4,945
Aug 201301,409104.253.52$4,963
Jul 201301,512102.523.72$5,621
Jun 201301,42494.403.93$5,601
May 201301,60194.834.15$6,643
Apr 201301,16093.964.28$4,968
Mar 20131741,54093.623.91$22,316
Feb 201301,50591.233.42$5,147
Jan 2013085791.603.42$2,931
Dec 2012047086.773.42$1,607
Nov 2012063186.953.62$2,287
Oct 2012034689.383.40$1,176
Sep 201201,34094.672.92$3,911
Aug 201201,42392.662.91$4,138
Jul 201201,33785.133.02$4,039
Jun 201201,94779.822.52$4,905
May 2012059291.612.49$1,473
Apr 201201,579101.652.00$3,153
Mar 20121761,652105.052.22$22,160
Feb 201201,499101.102.57$3,853
Jan 201201,64998.092.73$4,509
Dec 201101,61696.873.24$5,235
Nov 201101,26095.723.31$4,172
Oct 201101,14784.983.65$4,185
Sep 201101,04583.623.99$4,165
Aug 2011077983.404.15$3,232
Jul 201101,04094.144.52$4,698
Jun 20111791,65292.904.64$24,294
May 201102,02998.134.40$8,937
Apr 201101,044105.964.33$4,524
Mar 201102,01996.364.06$8,192
Feb 201101,63885.644.18$6,847
Jan 201101,62886.504.59$7,471
Dec 201001,94685.734.35$8,461
Nov 2010099380.843.80$3,769
Oct 201001,94278.103.51$6,814
Sep 20101762,10972.633.98$21,176
Aug 201002,43673.684.42$10,766
Jul 201001,37772.554.74$6,522
Jun 201001,11570.364.91$5,475
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 2010057078.394.39$2,502
Feb 2010037173.585.44$2,019
Jan 2010095774.365.96$5,708
Dec 200917297971.445.48$17,656
Nov 200902,05974.593.75$7,724
Oct 200902,91772.544.11$11,990
Sep 200902,64765.543.06$8,112
Aug 200902,54367.423.22$8,185
Jul 200902,77061.133.46$9,597
Jun 20091742,35266.163.90$20,673
May 200901,13554.743.93$4,456
Apr 200901,61446.773.59$5,790
Mar 200901,70842.144.06$6,933
Feb 200901,58032.814.63$7,320
Jan 200901,74435.865.37$9,367
Dec 200801,55837.105.98$9,312
Nov 200802,07555.496.86$14,235
Oct 200801,58975.246.92$10,999
Sep 200801,927101.767.88$15,179
Aug 20081801,507114.228.48$33,344
Jul 200801,687131.0811.39$19,214
Jun 200801,676131.3313.03$21,843
May 200802,142123.1711.57$24,792
Apr 200801,712110.3110.45$17,899
Mar 20081642,012101.909.66$36,156
Feb 200801,18392.538.77$10,376
Jan 200801,69690.388.21$13,917
Dec 200701,90088.337.30$13,874
Nov 200702,07191.677.29$15,101
Oct 200701,56882.856.92$10,854
Sep 200701,75275.846.24$10,940
Aug 200701,77569.066.39$11,339
Jul 200701,68170.906.39$10,738
Jun 200701,88662.007.55$14,236
May 200702,29558.747.85$18,007
Apr 200716473259.617.81$15,489
Mar 200701,70556.927.30$12,450
Feb 200701,81455.108.22$14,904
Jan 200701,37850.306.73$9,270
Dec 2006099256.656.92$6,863
Nov 200601,69754.207.62$12,927
Oct 200602,54654.906.01$15,311
Sep 200602,13660.085.04$10,759
Aug 200602,01368.717.34$14,775
Jul 20061762,20469.376.34$26,189
Jun 200602,04466.286.38$13,049
May 200602,22266.016.42$14,276
Apr 200601,95164.397.36$14,360
Mar 200602,34556.707.08$16,609
Feb 20061712,19957.597.75$26,893
Jan 200602,56260.598.93$22,887
Dec 200502,50554.9413.42$33,606
Nov 200502,45754.6910.59$26,016
Oct 200503,02658.3413.80$41,746
Sep 200501,16461.4512.08$14,060
Aug 200502,51061.519.80$24,590
Jul 20051732,69855.697.84$30,797
Jun 200502,57452.337.38$18,999
May 200502,14045.226.65$14,233
Apr 200502,24749.207.36$16,539
Mar 200502,09550.377.15$14,989
Feb 200501,96745.226.31$12,416
Jan 200502,12343.166.32$13,422
Dec 200402,07439.866.75$14,002
Nov 200402,02745.286.33$12,832
Oct 200418082049.706.52$14,288
Sep 200401,49743.245.28$7,910
Aug 200401,81542.375.55$10,074
Jul 200402,02238.286.08$12,302
Jun 200402,04536.106.43$13,156
May 20041762,57937.486.49$23,346
Apr 200402,02634.475.86$11,869
Mar 200402,29634.365.53$12,697
Feb 200402,69232.455.51$14,832
Jan 200402,80632.036.30$17,677
Dec 20031832,50130.266.30$21,298
Nov 200302,05628.804.60$9,448
Oct 200302,30628.174.76$10,976
Sep 200302,65026.314.75$12,586
Aug 200302,91329.765.13$14,943
Jul 200302,39729.415.17$12,395
Jun 200302,17428.565.98$13,007
May 20031772,74126.595.97$21,078
Apr 200302,43426.675.41$13,161
Mar 200302,89831.146.10$17,666
Feb 200301,98133.487.93$15,701
Jan 200302,34630.315.58$13,095
Dec 200202,34626.914.85$11,387
Nov 20021752,01024.664.14$12,631
Oct 200201,96526.464.23$8,310
Sep 200202,20927.443.64$8,030
Aug 200202,23525.963.16$7,072
Jul 200202,01024.583.06$6,154
Jun 20021772,23723.733.34$11,668
May 200202,60124.663.58$9,322
Apr 2002047423.653.51$1,665
Mar 200201,94022.003.10$6,019
Feb 20021742,04718.222.38$8,033
Jan 200202,47217.172.38$5,873
Dec 200102,26616.932.36$5,358
Nov 200102,32318.072.41$5,588
Oct 200102,61119.782.53$6,603
Sep 20011782,09624.262.25$9,037
Aug 200102,37124.873.05$7,239
Jul 200102,17623.933.20$6,957
Jun 200102,51524.563.82$9,618
May 200102,39025.524.31$10,294
Apr 20011781,19524.685.34$10,769
Mar 200101,42124.545.38$7,640
Feb 200101,37927.755.77$7,953
Jan 200101,94427.478.40$16,327
Dec 200001,82526.889.12$16,649
Nov 200002,12632.215.66$12,029
Oct 200002,13531.235.15$10,986
Sep 20001782,16431.875.19$16,896
Aug 200002,12229.644.54$9,635
Jul 200001,98128.534.09$8,102
Jun 200001,95829.304.40$8,610
May 20001762,10627.263.68$12,547
Apr 200002,23124.513.12$6,952
Mar 200002,26628.422.86$6,480
Feb 200002,18427.622.73$5,955
Jan 200002,12225.272.48$5,264
Dec 19991812,22624.282.42$9,790
Nov 199902,32323.192.43$5,654
Oct 199902,60520.982.80$7,304
Sep 199902,61921.752.62$6,859
Aug 199902,40819.262.88$6,924
Jul 199902,56317.892.37$6,080
Jun 199902,40115.942.36$5,671
May 199901,38915.792.32$3,224
Apr 19991781,96615.102.21$7,029
Mar 199902,46912.471.84$4,539
Feb 199902,0039.981.82$3,641
Jan 199901,69510.381.90$3,220
Dec 19981802,4169.201.77$5,940
Nov 199802,47710.892.19$5,414
Oct 199802,82712.421.97$5,567
Sep 199802,81512.592.08$5,863
Aug 199802,91511.301.91$5,560
Jul 19981792,86211.742.24$8,505
Jun 199802,92011.242.24$6,533
May 199802,87012.622.21$6,332
Apr 19981752,80613.042.51$9,312
Mar 199802,77112.802.31$6,399
Feb 199802,65513.952.30$6,104
Jan 19981752,98114.702.15$8,996
Dec 199702,99816.322.41$7,228
Nov 199704,62918.193.09$14,296
Oct 19971764,31219.253.15$16,970
Sep 199705,37617.742.95$15,885
Aug 199705,50517.862.55$14,064
Jul 19971724,66217.582.25$13,499
Jun 199703,02017.242.26$6,817
May 199702,31118.972.31$5,335
Apr 199702,13517.882.08$4,447
Mar 199717049718.951.94$4,185
Feb 199702,27220.492.21$5,012
Jan 199702,56023.483.54$9,062
Dec 199601,82723.32$0
Nov 199602,08921.97$0
Oct 19961692,74623.31$3,939
Sep 199602,89922.22$0
Aug 199602,66520.26$0
Jul 199602,41819.55$0
Jun 19961762,20718.73$3,296
May 199602,63019.43$0
Apr 199602,52021.51$0
Mar 199602,57419.38$0
Feb 19961763,45016.98$2,988
Jan 199603,53517.07$0
Dec 199503,13717.19$0
Nov 19951622,83116.00$2,592
Oct 199503,02215.43$0
Sep 199502,84916.18$0
Aug 19951743,01215.92$2,770
Jul 199502,86615.24$0
Jun 199502,91716.41$0
May 199502,59217.56$0
Apr 199502,50917.73$0
Mar 19951722,69616.44$2,828
Feb 199502,83916.58$0
Jan 199503,12615.92$0
Dec 199402,88515.03$0
Nov 19941702,97315.90$2,703
Oct 199402,78415.58$0
Sep 199402,55315.29$0
Aug 19941913,01116.13$3,081
Jul 199402,96917.56$0
Jun 199402,28117.09$0
May 19941742,13415.88$2,763
Apr 199402,55714.14$0
Mar 199402,55112.46$0
Feb 199402,71012.50$0
Jan 199403,02012.66$0
Dec 199301,60312.33$0
Nov 199301,90614.49$0
Oct 19931742,91115.85$2,758
Sep 199303,05315.03$0
Aug 199302,30815.66$0
Jul 199302,66015.46$0
Jun 19931732,61416.79$2,905
May 199302,67817.68$0
Apr 199303,02318.05$0
Mar 199303,13918.14$0
Feb 19931722,48417.90$3,079
Jan 199302,49916.93$0

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.

Aug 2023 — as filed, then multipliedworked
Oil                   52 bbl  × $ 80.52 =     $4,187
Casinghead gas         0 Mcf  × $  2.67 =         $0

────────────────────────────────────────────────────
Month total                                   $4,187

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/2363 is the state's own key, not one this site invented.