NOEL

Operated by PETCO ENERGY CORPORATION (P-5 657795) 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 238District 10Field 68873001NGPA filingOilCasinghead gasSaveExport
Value, all time
$1.1 M
Jan 1993 – May 2026
Value, last 12 filed months
$16 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
NGPA4none

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
OilDisposition26,737 bbl$1,024,861
Casinghead gasProduction69,501 Mcf$109,800
Total$1,134,661

34,668 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 (9)

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 35.5217, -101.0302. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

35.52171, -101.02985 · 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
22.2%
2 of 9 wells
With a plug date
22.2%
2 of 9 wells
Median depth
3,275 ft
5 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
222.2%
A plug date is filed
222.2%
BothOn the schedule and plugged. Neither fact cancels the other.
222.2%
NeitherNo plug date, and not on the schedule.
777.8%

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

Total depth in feet, 5 of 9 wells. Median 3,275 ft, with the middle half between 3,251 and 3,302 ft; the shallowest is 3,250 ft and the deepest 3,333 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 3 of 9 wells, Nov 1948 – Jun 2010. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Nov 1948 – Jun 2010
3 of 9 wells; 6 filed none
Plug dates filed
Jul 1974
2 of 9 wells; 7 filed none

9 wells

42-1798127373,250 ftJul 1974Yes
42-1798127483,275 ftJul 1974Yes
42-179812714
42-179812725
42-1798127610
42-1798127711
42-179077331G3,333 ftJun 2010
42-1790033123,302 ftMay 1987
42-1790712893,251 ftNov 1948

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 2026180106.413.05$1,915
Apr 202626098.932.87$2,572
Mar 202627089.753.15$2,423
Feb 202618063.503.75$1,143
Jan 20268059.138.00$473
Dec 20259056.664.41$510
Nov 202518058.593.93$1,055
Oct 20259059.383.30$534
Sep 20258062.743.08$502
Aug 202527063.933.01$1,726
Jul 202517066.743.32$1,135
Jun 202526066.483.13$1,728
May 202518060.553.23$1,090
Apr 202527062.363.54$1,684
Mar 20259067.704.27$609
Feb 202525070.884.34$1,772
Jan 202526074.324.28$1,932
Dec 20249068.993.12$621
Nov 202427069.052.20$1,864
Oct 20248071.372.28$571
Sep 202425069.612.36$1,740
Aug 202416075.632.06$1,210
Jul 202417079.932.15$1,359
Jun 202434078.082.63$2,655
May 20249078.812.20$709
Apr 202418084.451.66$1,520
Mar 202427080.301.55$2,168
Feb 202426076.091.78$1,978
Jan 20240073.023.30$0
Dec 202344071.262.61$3,135
Nov 202327077.892.81$2,103
Oct 20239085.443.09$769
Sep 202327089.042.74$2,404
Aug 202327080.522.67$2,174
Jul 202318074.852.64$1,347
Jun 202327068.962.26$1,862
May 202335070.622.23$2,472
Apr 202318078.122.24$1,406
Mar 202344072.852.39$3,205
Feb 202317075.112.47$1,277
Jan 202334076.533.39$2,602
Dec 202218076.415.73$1,375
Nov 202218085.005.65$1,530
Oct 202226087.185.86$2,267
Sep 202218084.888.16$1,528
Aug 202218094.529.13$1,701
Jul 2022170101.587.54$1,727
Jun 202200115.097.98$0
May 2022170109.378.43$1,859
Apr 2022180104.226.84$1,876
Mar 2022430108.885.08$4,682
Feb 202217091.054.86$1,548
Jan 202226081.844.54$2,128
Dec 202118071.323.90$1,284
Nov 202118077.435.24$1,394
Oct 202142079.795.71$3,351
Sep 20210069.865.35$0
Aug 202126066.024.22$1,717
Jul 202125070.783.98$1,770
Jun 202125069.493.38$1,737
May 202118063.483.02$1,143
Apr 202117060.362.76$1,026
Mar 202125061.302.72$1,533
Feb 202118057.805.55$1,040
Jan 202124050.412.81$1,210
Dec 20208044.642.68$357
Nov 202017038.772.71$659
Oct 20200036.972.48$0
Sep 2020263037.091.99$1,024
Aug 202035039.982.39$1,399
Jul 2020226838.371.83$968
Jun 2020359434.901.69$1,380
May 2020259816.921.81$601
Apr 20202510714.751.80$562
Mar 2020343430.341.86$1,095
Feb 202043049.881.98$2,145
Jan 202036057.252.09$2,061
Dec 2019183459.012.30$1,141
Nov 2019362055.302.75$2,046
Oct 2019287153.472.42$1,669
Sep 201935055.052.66$1,927
Aug 201936053.112.30$1,912
Jul 201953056.272.46$2,982
Jun 2019353552.782.49$1,934
May 2019351058.482.74$2,074
Apr 2019275362.632.75$1,837
Mar 2019271056.803.06$1,564
Feb 2019186650.852.79$1,100
Jan 2019277546.033.23$1,485
Dec 2018455246.594.19$2,314
Nov 2018277352.934.24$1,738
Oct 20181722061.443.40$1,792
Sep 20182623059.543.11$2,263
Aug 20182611759.403.07$1,903
Jul 20184422865.142.93$3,535
Jun 20182620060.183.08$2,180
May 20184521865.382.90$3,574
Apr 20183610963.842.90$2,614
Mar 20183616361.222.79$2,658
Feb 2018274161.782.77$1,781
Jan 2018366462.874.01$2,520
Dec 20173612357.272.92$2,421
Nov 20172713155.423.12$1,905
Oct 20172610349.292.98$1,589
Sep 20173514747.523.09$2,117
Aug 2017269945.373.00$1,477
Jul 201726043.873.09$1,141
Jun 201751042.493.09$2,167
May 201726045.373.26$1,180
Apr 2017275047.933.21$1,455
Mar 201744046.772.98$2,058
Feb 2017278750.452.95$1,619
Jan 2017443149.413.42$2,280
Dec 201627048.763.72$1,317
Nov 20163613442.492.64$1,884
Oct 201635046.193.09$1,617
Sep 201636041.553.10$1,496
Aug 2016277241.442.92$1,329
Jul 20164528541.622.92$2,706
Jun 20164510645.352.69$2,325
May 20162724542.521.99$1,636
Apr 20163524536.561.99$1,767
Mar 20161833833.011.79$1,201
Feb 20164527726.472.06$1,763
Jan 20162719727.352.36$1,204
Dec 20154513232.362.00$1,720
Nov 20152721638.792.17$1,515
Oct 20152769743.552.43$2,867
Sep 20153631542.992.76$2,417
Aug 20153663140.162.87$3,258
Jul 20153630548.152.95$2,632
Jun 20152742356.152.88$2,736
May 20151839155.212.96$2,149
Apr 20153635149.822.71$2,744
Mar 20154425742.892.93$2,641
Feb 20151719644.662.98$1,343
Jan 20152717743.433.10$1,721
Dec 20144423254.693.59$3,240
Nov 20142741870.464.25$3,680
Oct 20144524678.303.90$4,483
Sep 20144421086.164.05$4,641
Aug 20142711389.394.04$2,870
Jul 2014453996.564.18$4,508
Jun 2014546898.164.74$5,623
May 20143613294.734.73$4,034
Apr 20144625295.944.81$5,625
Mar 20146313095.895.06$6,698
Feb 20142639797.406.19$4,991
Jan 20142745490.404.86$4,648
Dec 20135262891.824.35$7,509
Nov 20133535988.853.74$4,452
Oct 20135334197.423.78$6,452
Sep 201331308104.113.72$4,372
Aug 201361352104.253.52$7,599
Jul 201334219102.523.72$4,300
Jun 20133529994.403.93$4,480
May 20136128294.834.15$6,955
Apr 20131723393.964.28$2,595
Mar 20135244493.623.91$6,606
Feb 20134446491.233.42$5,601
Jan 20134416091.603.42$4,578
Dec 20125315186.773.42$5,115
Nov 20124418786.953.62$4,504
Oct 20125211389.383.40$5,032
Sep 20123519094.672.92$3,868
Aug 20124424792.662.91$4,795
Jul 20127024985.133.02$6,711
Jun 20123523479.822.52$3,383
May 20125224291.612.49$5,366
Apr 201270322101.652.00$7,758
Mar 201252308105.052.22$6,147
Feb 201261499101.102.57$7,450
Jan 20125228698.092.73$5,883
Dec 20117053996.873.24$8,527
Nov 20116030195.723.31$6,740
Oct 20113534584.983.65$4,233
Sep 20116832383.623.99$6,974
Aug 20116143183.404.15$6,876
Jul 20116154994.144.52$8,223
Jun 20116129292.904.64$7,022
May 20118627098.134.40$9,628
Apr 20117984105.964.33$8,735
Mar 20114314896.364.06$4,744
Feb 201152085.644.18$4,453
Jan 201152086.504.59$4,498
Dec 201044085.734.35$3,772
Nov 201079080.843.80$6,386
Oct 201041078.103.51$3,202
Sep 201061072.633.98$4,430
Aug 201051073.684.42$3,758
Jul 201068072.554.74$4,933
Jun 201061070.364.91$4,292
May 201077071.124.24$5,476
Apr 201025081.694.12$2,042
Mar 201057078.394.39$4,468
Feb 201026073.585.44$1,913
Jan 201056074.365.96$4,164
Dec 200952071.445.48$3,715
Nov 200969074.593.75$5,147
Oct 200968072.544.11$4,933
Sep 200970065.543.06$4,588
Aug 200952067.423.22$3,506
Jul 200960061.133.46$3,668
Jun 200951066.163.90$3,374
May 200925054.743.93$1,369
Apr 200950046.773.59$2,339
Mar 200959042.144.06$2,486
Feb 200952032.814.63$1,706
Jan 200949035.865.37$1,757
Dec 200858037.105.98$2,152
Nov 200869055.496.86$3,829
Oct 200832075.246.92$2,408
Sep 2008560101.767.88$5,699
Aug 2008510114.228.48$5,825
Jul 2008590131.0811.39$7,734
Jun 2008440131.3313.03$5,779
May 2008420123.1711.57$5,173
Apr 2008430110.3110.45$4,743
Mar 2008510101.909.66$5,197
Feb 200865092.538.77$6,014
Jan 200835090.388.21$3,163
Dec 200727088.337.30$2,385
Nov 200745091.677.29$4,125
Oct 200735082.856.92$2,900
Sep 200752075.846.24$3,944
Aug 200770069.066.39$4,834
Jul 200770070.906.39$4,963
Jun 200736062.007.55$2,232
May 200752058.747.85$3,054
Apr 200769059.617.81$4,113
Mar 200753056.927.30$3,017
Feb 200736055.108.22$1,984
Jan 200760050.306.73$3,018
Dec 200635056.656.92$1,983
Nov 200647054.207.62$2,547
Oct 200652054.906.01$2,855
Sep 200670060.085.04$4,206
Aug 200670068.717.34$4,810
Jul 200687069.376.34$6,035
Jun 200678066.286.38$5,170
May 200677066.016.42$5,083
Apr 200644064.397.36$2,833
Mar 200662056.707.08$3,515
Feb 200635057.597.75$2,016
Jan 200663060.598.93$3,817
Dec 200554054.9413.42$2,967
Nov 200573054.6910.59$3,992
Oct 200546058.3413.80$2,684
Sep 200563061.4512.08$3,871
Aug 200581061.519.80$4,982
Jul 200563055.697.84$3,508
Jun 200599052.337.38$5,181
May 200563045.226.65$2,849
Apr 200572049.207.36$3,542
Mar 200562050.377.15$3,123
Feb 200536045.226.31$1,628
Jan 200545043.166.32$1,942
Dec 200472039.866.75$2,870
Nov 200454045.286.33$2,445
Oct 200472049.706.52$3,578
Sep 200489043.245.28$3,848
Aug 200489042.375.55$3,771
Jul 200481038.286.08$3,101
Jun 200471036.106.43$2,563
May 2004100037.486.49$3,748
Apr 200473034.475.86$2,516
Mar 200499034.365.53$3,402
Feb 2004100032.455.51$3,245
Jan 200464032.036.30$2,050
Dec 200370030.266.30$2,118
Nov 200390028.804.60$2,592
Oct 2003721728.174.76$2,109
Sep 200372626.314.75$1,923
Aug 200362329.765.13$1,861
Jul 2003891529.415.17$2,695
Jun 2003722628.565.98$2,212
May 2003982326.595.97$2,743
Apr 2003902326.675.41$2,525
Mar 20031072131.146.10$3,460
Feb 2003721933.487.93$2,561
Jan 2003891130.315.58$2,759
Dec 200278726.914.85$2,133
Nov 200254524.664.14$1,352
Oct 2002621626.464.23$1,708
Sep 2002711727.443.64$2,010
Aug 2002622225.963.16$1,679
Jul 20023510424.583.06$1,179
Jun 2002639923.733.34$1,825
May 2002546624.663.58$1,568
Apr 2002708123.653.51$1,940
Mar 2002628722.003.10$1,634
Feb 2002543618.222.38$1,069
Jan 2002733217.172.38$1,329
Dec 2001391916.932.36$705
Nov 2001393118.072.41$779
Oct 200126639919.782.53$6,271
Sep 20013511124.262.25$1,099
Aug 20014510124.873.05$1,428
Jul 20014210723.933.20$1,347
Jun 20014511824.563.82$1,556
May 20013312125.524.31$1,363
Apr 2001478724.685.34$1,624
Mar 2001455824.545.38$1,416
Feb 2001314327.755.77$1,108
Jan 2001484227.478.40$1,671
Dec 2000487426.889.12$1,965
Nov 2000518332.215.66$2,112
Oct 20004310431.235.15$1,878
Sep 2000439031.875.19$1,837
Aug 2000468829.644.54$1,763
Jul 2000497028.534.09$1,684
Jun 20003013429.304.40$1,468
May 20004111527.263.68$1,541
Apr 20005113724.513.12$1,677
Mar 20004413528.422.86$1,637
Feb 2000444327.622.73$1,333
Jan 20004712225.272.48$1,490
Dec 19993913624.282.42$1,277
Nov 19994514323.192.43$1,392
Oct 19996015520.982.80$1,693
Sep 19995711721.752.62$1,546
Aug 19997415619.262.88$1,874
Jul 199910914817.892.37$2,301
Jun 199919118415.942.36$3,479
May 1999016115.792.32$374
Apr 1999014615.102.21$322
Mar 199912715412.471.84$1,867
Feb 199901639.981.82$296
Jan 199910616410.381.90$1,412
Dec 199801749.201.77$309
Nov 199874010.892.19$806
Oct 1998116012.421.97$1,441
Sep 199839012.592.08$491
Aug 1998861211.301.91$995
Jul 199810113411.742.24$1,486
Jun 19989320611.242.24$1,506
May 19989422812.622.21$1,689
Apr 19988820613.042.51$1,664
Mar 19986718812.802.31$1,292
Feb 19987216613.952.30$1,386
Jan 199810022314.702.15$1,951
Dec 19973934116.322.41$1,459
Nov 19979341418.193.09$2,970
Oct 199710447919.253.15$3,511
Sep 19979142317.742.95$2,864
Aug 19977748317.862.55$2,609
Jul 19977337217.582.25$2,119
Jun 19979539117.242.26$2,520
May 19978336718.972.31$2,422
Apr 19974250517.882.08$1,803
Mar 199711972618.951.94$3,663
Feb 199711268820.492.21$3,813
Jan 199711574123.483.54$5,323
Dec 199613881223.32$3,218
Nov 19966483221.97$1,406
Oct 19969083523.31$2,098
Sep 19969481422.22$2,089
Aug 19968683420.26$1,742
Jul 19967981719.55$1,544
Jun 199612376718.73$2,304
May 199619979419.43$3,867
Apr 199617270521.51$3,700
Mar 199617677019.38$3,411
Feb 199622773216.98$3,854
Jan 199620375217.07$3,465
Dec 199510978617.19$1,874
Nov 199519279916.00$3,072
Oct 199524977615.43$3,842
Sep 199522384016.18$3,608
Aug 199520081815.92$3,184
Jul 199529386515.24$4,465
Jun 199527085816.41$4,431
May 199523585717.56$4,127
Apr 199516779217.73$2,961
Mar 199513867016.44$2,269
Feb 199517159916.58$2,835
Jan 199513576015.92$2,149
Dec 19945964315.03$887
Nov 199426476615.90$4,198
Oct 199418590915.58$2,882
Sep 199423250515.29$3,547
Aug 199428474516.13$4,581
Jul 199429554617.56$5,180
Jun 199427469017.09$4,683
May 199432370615.88$5,129
Apr 199429650814.14$4,185
Mar 199420759412.46$2,579
Feb 199423958412.50$2,988
Jan 199427661412.66$3,494
Dec 199328264412.33$3,477
Nov 199324675114.49$3,565
Oct 199328273115.85$4,470
Sep 199325657315.03$3,848
Aug 199327457315.66$4,291
Jul 199325880415.46$3,989
Jun 199324172516.79$4,046
May 199329079217.68$5,127
Apr 199330075318.05$5,415
Mar 199326176518.14$4,735
Feb 199325986217.90$4,636
Jan 1993165116.93$2,793

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                   18 bbl  × $106.41 =     $1,915
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                   $1,915

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/238 is the state's own key, not one this site invented.