SHIELDS -B-

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 240District 10Field 68873001NGPA filingOilCasinghead gasSaveExport
Value, all time
$934 k
Jan 1993 – May 2026
Value, last 12 filed months
$12 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
OilDisposition15,179 bbl$722,554
Casinghead gasProduction57,088 Mcf$211,122
Total$933,676

1,110 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

42-179812905

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 2026140106.413.05$1,490
Apr 202621098.932.87$2,078
Mar 202621089.753.15$1,885
Feb 202614063.503.75$889
Jan 20267059.138.00$414
Dec 20257056.664.41$397
Nov 20250058.593.93$0
Oct 20257059.383.30$416
Sep 20257062.743.08$439
Aug 202521063.933.01$1,343
Jul 202514066.743.32$934
Jun 202521066.483.13$1,396
May 202514060.553.23$848
Apr 202522062.363.54$1,372
Mar 20257067.704.27$474
Feb 202520070.884.34$1,418
Jan 202521074.324.28$1,561
Dec 20247068.993.12$483
Nov 202421069.052.20$1,450
Oct 20247071.372.28$500
Sep 20246069.612.36$418
Aug 202413075.632.06$983
Jul 202414079.932.15$1,119
Jun 202427078.082.63$2,108
May 20246078.812.20$473
Apr 202414084.451.66$1,182
Mar 202421080.301.55$1,686
Feb 202421076.091.78$1,598
Jan 20240073.023.30$0
Dec 20232071.262.61$143
Nov 202322077.892.81$1,714
Oct 20237085.443.09$598
Sep 202322089.042.74$1,959
Aug 202321080.522.67$1,691
Jul 202314074.852.64$1,048
Jun 202322068.962.26$1,517
May 202329070.622.23$2,048
Apr 202314078.122.24$1,094
Mar 202335072.852.39$2,550
Feb 202314075.112.47$1,052
Jan 202327076.533.39$2,066
Dec 202214076.415.73$1,070
Nov 202214085.005.65$1,190
Oct 202221087.185.86$1,831
Sep 202214084.888.16$1,188
Aug 202214094.529.13$1,323
Jul 2022140101.587.54$1,422
Jun 202200115.097.98$0
May 2022130109.378.43$1,422
Apr 2022150104.226.84$1,563
Mar 2022350108.885.08$3,811
Feb 20225091.054.86$455
Jan 202221081.844.54$1,719
Dec 202114071.323.90$998
Nov 202114077.435.24$1,084
Oct 202134079.795.71$2,713
Sep 20210069.865.35$0
Aug 202121066.024.22$1,386
Jul 202120070.783.98$1,416
Jun 202120069.493.38$1,390
May 2021142163.483.02$952
Apr 2021142660.362.76$917
Mar 2021201761.302.72$1,272
Feb 202114057.805.55$809
Jan 202120050.412.81$1,008
Dec 202071944.642.68$363
Nov 2020142138.772.71$600
Oct 202007236.972.48$178
Sep 2020207237.091.99$885
Aug 202027039.982.39$1,079
Jul 202035038.371.83$1,343
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 202006730.341.86$124
Feb 202002449.881.98$48
Jan 202002257.252.09$46
Dec 2019015559.012.30$357
Nov 201909655.302.75$264
Oct 20192226953.472.42$1,827
Sep 20192827155.052.66$2,262
Aug 20192812253.112.30$1,768
Jul 20194217856.272.46$2,801
Jun 20192821452.782.49$2,011
May 20192821258.482.74$2,218
Apr 20192121962.632.75$1,918
Mar 20192125056.803.06$1,958
Feb 20191412850.852.79$1,069
Jan 20192211946.033.23$1,397
Dec 20183619246.594.19$2,481
Nov 20182124852.934.24$2,162
Oct 20181440061.443.40$2,219
Sep 20182137359.543.11$2,410
Aug 20182122259.403.07$1,928
Jul 20183524465.142.93$2,995
Jun 20182125260.183.08$2,039
May 20183629965.382.90$3,221
Apr 20182838563.842.90$2,904
Mar 20182940161.222.79$2,893
Feb 20182237261.782.77$2,388
Jan 20182920062.874.01$2,625
Dec 20172838357.272.92$2,723
Nov 20172145655.423.12$2,586
Oct 20172147549.292.98$2,452
Sep 20172848347.523.09$2,822
Aug 20172150745.373.00$2,476
Jul 20172152743.873.09$2,548
Jun 20174147342.493.09$3,202
May 20172057045.373.26$2,768
Apr 20172239447.933.21$2,320
Mar 20173539846.772.98$2,824
Feb 20172146350.452.95$2,427
Jan 20173546949.413.42$3,333
Dec 20162148648.763.72$2,833
Nov 20162842042.492.64$2,300
Oct 20162851646.193.09$2,888
Sep 20162951641.553.10$2,805
Aug 20162210541.442.92$1,219
Jul 20163649941.622.92$2,958
Jun 20163617545.352.69$2,103
May 20162248342.521.99$1,897
Apr 20162848436.561.99$1,987
Mar 20161448333.011.79$1,329
Feb 20163642626.472.06$1,832
Jan 20162231727.352.36$1,351
Dec 20153620632.362.00$1,577
Nov 20152218938.792.17$1,263
Oct 20152244443.552.43$2,036
Sep 20152920342.992.76$1,807
Aug 20152949040.162.87$2,572
Jul 20152923848.152.95$2,097
Jun 20152222856.152.88$1,893
May 20151423555.212.96$1,467
Apr 20152920749.822.71$2,005
Mar 20153523742.892.93$2,197
Feb 20151321644.662.98$1,223
Jan 20152219643.433.10$1,563
Dec 20143520254.693.59$2,640
Nov 20142145470.464.25$3,410
Oct 20143639278.303.90$4,348
Sep 20143525986.164.05$4,063
Aug 20142121089.394.04$2,725
Jul 20143623596.564.18$4,458
Jun 20144324598.164.74$5,381
May 20142926094.734.73$3,976
Apr 20143658695.944.81$6,272
Mar 20145032295.895.06$6,423
Feb 20149759397.406.19$13,120
Jan 20142177690.404.86$5,670
Dec 20134276391.824.35$7,179
Nov 20132836288.853.74$3,841
Oct 20134238797.423.78$5,554
Sep 201328357104.113.72$4,242
Aug 201349416104.253.52$6,574
Jul 201328335102.523.72$4,116
Jun 20132836394.403.93$4,071
May 20134933394.834.15$6,028
Apr 20131444193.964.28$3,204
Mar 20134280693.623.91$7,086
Feb 20133575091.233.42$5,758
Jan 20133538391.603.42$4,516
Dec 20124240086.773.42$5,012
Nov 20123540186.953.62$4,497
Oct 20124238789.383.40$5,070
Sep 20122839894.672.92$3,812
Aug 20123534592.662.91$4,246
Jul 20125635985.133.02$5,852
Jun 20122836679.822.52$3,157
May 20124132391.612.49$4,560
Apr 201256446101.652.00$6,583
Mar 201242364105.052.22$5,221
Feb 201249592101.102.57$6,475
Jan 20124220798.092.73$4,686
Dec 20115626196.873.24$6,270
Nov 20114851495.723.31$6,297
Oct 20112873584.983.65$5,061
Sep 20115543783.623.99$6,341
Aug 20114948383.404.15$6,091
Jul 20114951594.144.52$6,939
Jun 201149092.904.64$4,552
May 201169098.134.40$6,771
Apr 2011630105.964.33$6,675
Mar 20113416096.364.06$3,925
Feb 201141085.644.18$3,511
Jan 201142086.504.59$3,633
Dec 201035085.734.35$3,001
Nov 201063080.843.80$5,093
Oct 201033078.103.51$2,577
Sep 201048072.633.98$3,486
Aug 201041073.684.42$3,021
Jul 201055072.554.74$3,990
Jun 201049070.364.91$3,448
May 201061071.124.24$4,338
Apr 201020081.694.12$1,634
Mar 201046078.394.39$3,606
Feb 201021073.585.44$1,545
Jan 201045074.365.96$3,346
Dec 200941071.445.48$2,929
Nov 200955074.593.75$4,102
Oct 200955072.544.11$3,990
Sep 200956065.543.06$3,670
Aug 200941067.423.22$2,764
Jul 200948061.133.46$2,934
Jun 200940066.163.90$2,646
May 200920054.743.93$1,095
Apr 200940046.773.59$1,871
Mar 200947042.144.06$1,981
Feb 200942032.814.63$1,378
Jan 200939035.865.37$1,399
Dec 200846037.105.98$1,707
Nov 200855055.496.86$3,052
Oct 200826075.246.92$1,956
Sep 2008440101.767.88$4,477
Aug 2008410114.228.48$4,683
Jul 2008470131.0811.39$6,161
Jun 2008350131.3313.03$4,597
May 2008340123.1711.57$4,188
Apr 2008350110.3110.45$3,861
Mar 2008400101.909.66$4,076
Feb 200852092.538.77$4,812
Jan 200828090.388.21$2,531
Dec 200721088.337.30$1,855
Nov 200736091.677.29$3,300
Oct 200728082.856.92$2,320
Sep 2007423975.846.24$3,429
Aug 20075625269.066.39$5,477
Jul 20075619370.906.39$5,203
Jun 2007286762.007.55$2,242
May 200742558.747.85$2,506
Apr 200756559.617.81$3,377
Mar 2007421256.927.30$2,478
Feb 200729055.108.22$1,598
Jan 200748050.306.73$2,414
Dec 200628056.656.92$1,586
Nov 200638054.207.62$2,060
Oct 200642054.906.01$2,306
Sep 200656060.085.04$3,364
Aug 200656268.717.34$3,862
Jul 200670069.376.34$4,856
Jun 200663066.286.38$4,176
May 200662066.016.42$4,093
Apr 200635064.397.36$2,254
Mar 200650056.707.08$2,835
Feb 200628057.597.75$1,613
Jan 200650060.598.93$3,030
Dec 2005431054.9413.42$2,497
Nov 20055815754.6910.59$4,834
Oct 20053720358.3413.80$4,959
Sep 20055115161.4512.08$4,958
Aug 20056517961.519.80$5,752
Jul 20055117355.697.84$4,197
Jun 20058019252.337.38$5,604
May 20055016545.226.65$3,358
Apr 20055820349.207.36$4,348
Mar 20055020350.377.15$3,971
Feb 20052817245.226.31$2,352
Jan 20053615243.166.32$2,515
Dec 2004578939.866.75$2,873
Nov 20044410845.286.33$2,676
Oct 20045716749.706.52$3,921
Sep 20047118043.245.28$4,021
Aug 20047118942.375.55$4,057
Jul 20046520938.286.08$3,760
Jun 20045720836.106.43$3,396
May 20048019137.486.49$4,239
Apr 20045815334.475.86$2,896
Mar 20047914234.365.53$3,500
Feb 20048010232.455.51$3,158
Jan 2004519832.036.30$2,251
Dec 2003568530.266.30$2,230
Nov 2003725528.804.60$2,326
Oct 2003587328.174.76$1,981
Sep 20035818626.314.75$2,409
Aug 200350029.765.13$1,488
Jul 20037217329.415.17$3,012
Jun 20035720328.565.98$2,842
May 20037912126.595.97$2,823
Apr 20037216226.675.41$2,796
Mar 20038618331.146.10$3,794
Feb 20035716033.487.93$3,177
Jan 20037118430.315.58$3,179
Dec 20026211226.914.85$2,212
Nov 20024315424.664.14$1,697
Oct 20025018526.464.23$2,105
Sep 20025725327.443.64$2,484
Aug 20025024225.963.16$2,064
Jul 20022838124.583.06$1,855
Jun 20025017923.733.34$1,784
May 20024314724.663.58$1,587
Apr 20025625323.653.51$2,213
Mar 20025022822.003.10$1,807
Feb 20024315718.222.38$1,156
Jan 20025823317.172.38$1,549
Dec 20012618916.932.36$887
Nov 20012619018.072.41$927
Oct 20013126819.782.53$1,291
Sep 20012333024.262.25$1,301
Aug 20013023224.873.05$1,454
Jul 20012830223.933.20$1,636
Jun 20012436524.563.82$1,985
May 20011841325.524.31$2,238
Apr 20012528724.685.34$2,148
Mar 20012423924.545.38$1,874
Feb 20011725827.755.77$1,960
Jan 20012525927.478.40$2,862
Dec 20002630026.889.12$3,436
Nov 20002731132.215.66$2,629
Oct 20002327531.235.15$2,133
Sep 20002328431.875.19$2,206
Aug 20002425429.644.54$1,865
Jul 20002724728.534.09$1,780
Jun 20001632329.304.40$1,889
May 20002237027.263.68$1,961
Apr 20002729524.513.12$1,581
Mar 200020428828.422.86$6,621
Feb 200020844127.622.73$6,947
Jan 200021930325.272.48$6,286
Dec 199918339624.282.42$5,403
Nov 199921142323.192.43$5,923
Oct 199928044820.982.80$7,130
Sep 199919338321.752.62$5,201
Aug 19990019.262.88$0
Jul 199991017.892.37$1,628
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 199974012.471.84$923
Feb 19995509.981.82$549
Jan 1999942410.381.90$1,021
Dec 1998009.201.77$0
Nov 199802910.892.19$63
Oct 19980012.421.97$0
Sep 199830012.592.08$378
Aug 19980011.301.91$0
Jul 199884011.742.24$986
Jun 19980011.242.24$0
May 199862012.622.21$782
Apr 1998198013.042.51$2,582
Mar 1998776112.802.31$1,126
Feb 199805113.952.30$117
Jan 1998845514.702.15$1,353
Dec 199707016.322.41$169
Nov 1997467818.193.09$1,078
Oct 19974710019.253.15$1,220
Sep 1997617717.742.95$1,310
Aug 199708117.862.55$207
Jul 1997357917.582.25$793
Jun 1997477517.242.26$980
May 1997707118.972.31$1,492
Apr 199706917.882.08$144
Mar 1997677018.951.94$1,405
Feb 199706220.492.21$137
Jan 1997547123.483.54$1,519
Dec 1996487323.32$1,119
Nov 1996526521.97$1,142
Oct 199606223.31$0
Sep 1996666422.22$1,467
Aug 199607420.26$0
Jul 1996898519.55$1,740
Jun 199608118.73$0
May 199608119.43$0
Apr 1996397421.51$839
Mar 1996897619.38$1,725
Feb 199606916.98$0
Jan 1996736917.07$1,246
Dec 199507017.19$0
Nov 1995725916.00$1,152
Oct 199507515.43$0
Sep 19950116.18$0
Aug 19950115.92$0
Jul 19950115.24$0
Jun 1995105116.41$1,723
May 19950117.56$0
Apr 199574117.73$1,312
Mar 19950116.44$0
Feb 199543116.58$713
Jan 199592115.92$1,465
Dec 19940115.03$0
Nov 199492115.90$1,463
Oct 19940115.58$0
Sep 199477115.29$1,177
Aug 19940116.13$0
Jul 199487117.56$1,528
Jun 19940117.09$0
May 1994106115.88$1,683
Apr 19940114.14$0
Mar 199460112.46$748
Feb 1994101112.50$1,263
Jan 19940112.66$0
Dec 1993107112.33$1,319
Nov 19930114.49$0
Oct 1993103115.85$1,633
Sep 19930115.03$0
Aug 1993101115.66$1,582
Jul 19930115.46$0
Jun 1993119116.79$1,998
May 19930117.68$0
Apr 199335118.05$632
Mar 19930118.14$0
Feb 199352117.90$931
Jan 199394116.93$1,591

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                   14 bbl  × $106.41 =     $1,490
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                   $1,490

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/240 is the state's own key, not one this site invented.