MERTEN

Operated by OILWELL OPERATORS, INC. (P-5 621040) 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 265District 10Field 68873001NGPA filingOilCasinghead gasSaveExport
Value, all time
$1.7 M
Jan 1993 – May 2026
Value, last 12 filed months
$57 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
NGPA7none

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
OilDisposition30,076 bbl$1,341,176
Casinghead gasProduction116,299 Mcf$372,261
Total$1,713,436

21,614 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 (7)

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 35.4796, -100.9497. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

35.47902, -100.94970 · 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
71.4%
5 of 7 wells
With a plug date
71.4%
5 of 7 wells
Median depth
3,270 ft
5 wells filed one
Completion to plug
40.4 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
571.4%
A plug date is filed
571.4%
BothOn the schedule and plugged. Neither fact cancels the other.
571.4%
NeitherNo plug date, and not on the schedule.
228.6%

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 3,132 and 3,300 ft, median 3,270 ft, over the 5 wells that filed a depth.

Completions filed
Jul 1985
1 of 7 wells; 6 filed none
Plug dates filed
Jul 1991 – Dec 2025
5 of 7 wells; 2 filed none

Last completion to plug: a median of 40.4 years across the 1 well that filed both dates, with the middle half between 40.4 years and 40.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

7 wells

42-1790575623,132 ftNov 2007Yes
42-1790575733,300 ftJul 2007Yes
42-1790575953,275 ftJul 1991Yes
42-1790576063,270 ftJul 1991Yes
42-179813914
42-179813947
42-1798138813,231 ftJul 1985Dec 2025Yes

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 20260478106.413.05$1,456
Apr 202617449498.932.87$18,631
Mar 2026029289.753.15$920
Feb 2026020763.503.75$776
Jan 2026015359.138.00$1,224
Dec 202514036156.664.41$9,526
Nov 2025044558.593.93$1,747
Oct 202512738459.383.30$8,810
Sep 2025037362.743.08$1,148
Aug 20254032963.933.01$3,549
Jul 202513014666.743.32$9,160
Jun 2025011766.483.13$366
May 2025023460.553.23$756
Apr 20250062.363.54$0
Mar 202513527167.704.27$10,296
Feb 202509470.884.34$408
Jan 202514311474.324.28$11,116
Dec 2024014168.993.12$440
Nov 2024315869.052.20$2,268
Oct 202414613471.372.28$10,726
Sep 202415523169.612.36$11,336
Aug 2024024275.632.06$499
Jul 202417022179.932.15$14,063
Jun 2024020878.082.63$548
May 2024028378.812.20$622
Apr 202415632984.451.66$13,720
Mar 2024030180.301.55$465
Feb 2024027476.091.78$489
Jan 2024049173.023.30$1,619
Dec 2023025371.262.61$661
Nov 202315840477.892.81$13,441
Oct 2023064385.443.09$1,985
Sep 2023071689.042.74$1,958
Aug 202316279580.522.67$15,169
Jul 2023071374.852.64$1,884
Jun 2023053268.962.26$1,202
May 2023052870.622.23$1,176
Apr 2023063778.122.24$1,425
Mar 202316071772.852.39$13,372
Feb 2023053275.112.47$1,312
Jan 202317428676.533.39$14,285
Dec 20228533876.415.73$8,431
Nov 2022034985.005.65$1,971
Oct 202214241887.185.86$14,831
Sep 2022037384.888.16$3,045
Aug 2022036494.529.13$3,322
Jul 2022168410101.587.54$20,158
Jun 20220388115.097.98$3,095
May 2022132407109.378.43$17,869
Apr 20220259104.226.84$1,771
Mar 20220167108.885.08$848
Feb 202216310491.054.86$15,346
Jan 2022029781.844.54$1,348
Dec 2021022071.323.90$858
Nov 202114061777.435.24$14,071
Oct 2021048879.795.71$2,788
Sep 2021026269.865.35$1,402
Aug 2021040666.024.22$1,714
Jul 202117144270.783.98$13,863
Jun 2021051969.493.38$1,755
May 202113538863.483.02$9,741
Apr 2021037460.362.76$1,032
Mar 2021043761.302.72$1,187
Feb 2021010157.805.55$560
Jan 202102150.412.81$59
Dec 20200344.642.68$8
Nov 2020035138.772.71$950
Oct 2020042136.972.48$1,043
Sep 202015965637.091.99$7,203
Aug 202006539.982.39$155
Jul 2020028338.371.83$517
Jun 2020024234.901.69$409
May 2020018616.921.81$338
Apr 2020035914.751.80$648
Mar 202016529530.341.86$5,554
Feb 2020020849.881.98$412
Jan 2020015157.252.09$316
Dec 201909859.012.30$226
Nov 20191144055.302.75$6,414
Oct 2019036753.472.42$888
Sep 2019039355.052.66$1,044
Aug 201913743653.112.30$8,281
Jul 201908256.272.46$202
Jun 2019022752.782.49$566
May 2019024458.482.74$669
Apr 201913924562.632.75$9,379
Mar 2019034656.803.06$1,059
Feb 201913912350.852.79$7,412
Jan 201909246.033.23$297
Dec 2018027446.594.19$1,147
Nov 201812018952.934.24$7,152
Oct 2018037061.443.40$1,257
Sep 2018060159.543.11$1,868
Aug 201811957059.403.07$8,817
Jul 2018049665.142.93$1,454
Jun 201814040060.183.08$9,656
May 2018014665.382.90$424
Apr 201813732263.842.90$9,680
Mar 2018015961.222.79$443
Feb 2018017961.782.77$495
Jan 201813934762.874.01$10,130
Dec 2017024657.272.92$719
Nov 201714116855.423.12$8,338
Oct 2017096049.292.98$2,864
Sep 2017079847.523.09$2,464
Aug 20179938045.373.00$5,633
Jul 2017093643.873.09$2,890
Jun 201714564842.493.09$8,162
May 2017033045.373.26$1,077
Apr 201714721747.933.21$7,743
Mar 2017046946.772.98$1,399
Feb 2017019650.452.95$579
Jan 20179722449.413.42$5,559
Dec 2016019548.763.72$726
Nov 201612351942.492.64$6,599
Oct 2016036746.193.09$1,134
Sep 201610424741.553.10$5,087
Aug 2016014941.442.92$436
Jul 2016016241.622.92$474
Jun 201612750945.352.69$7,127
May 201605142.521.99$102
Apr 20161348436.561.99$5,066
Mar 2016014533.011.79$260
Feb 2016015526.472.06$320
Jan 201613820527.352.36$4,259
Dec 2015015032.362.00$300
Nov 2015017038.792.17$368
Oct 201514115043.552.43$6,505
Sep 2015016042.992.76$441
Aug 201516317240.162.87$7,040
Jul 2015025448.152.95$748
Jun 2015027856.152.88$801
May 201514714855.212.96$8,553
Apr 2015014949.822.71$403
Mar 201513714442.892.93$6,299
Feb 2015012344.662.98$366
Jan 201514610243.433.10$6,657
Dec 2014013654.693.59$488
Nov 201410313870.464.25$7,844
Oct 2014014878.303.90$577
Sep 2014014886.164.05$599
Aug 201418121089.394.04$17,027
Jul 201410328396.564.18$11,129
Jun 2014044498.164.74$2,103
May 2014014394.734.73$676
Apr 201414211095.944.81$14,152
Mar 2014015495.895.06$779
Feb 20141096197.406.19$10,994
Jan 201404190.404.86$199
Dec 20130091.824.35$0
Nov 20130288.853.74$7
Oct 201314821897.423.78$15,242
Sep 20130266104.113.72$989
Aug 2013165285104.253.52$18,205
Jul 20130189102.523.72$703
Jun 201312116194.403.93$12,056
May 201310519094.834.15$10,745
Apr 2013018493.964.28$788
Mar 2013015193.623.91$591
Feb 201313312991.233.42$12,575
Jan 2013013691.603.42$465
Dec 201210613286.773.42$9,649
Nov 2012013986.953.62$504
Oct 2012025689.383.40$870
Sep 201214616194.672.92$14,292
Aug 201214422492.662.91$13,994
Jul 201209685.133.02$290
Jun 2012012579.822.52$315
May 201210317091.612.49$9,859
Apr 20120200101.652.00$399
Mar 2012188183105.052.22$20,156
Feb 20120122101.102.57$314
Jan 201210419898.092.73$10,743
Dec 2011018696.873.24$603
Nov 2011017095.723.31$563
Oct 201113017184.983.65$11,671
Sep 2011015383.623.99$610
Aug 201110721583.404.15$9,816
Jul 2011016494.144.52$741
Jun 201114016692.904.64$13,776
May 2011016998.134.40$744
Apr 201114677105.964.33$15,804
Mar 2011014996.364.06$605
Feb 20110585.644.18$21
Jan 201110713886.504.59$9,889
Dec 2010012585.734.35$543
Nov 201004180.843.80$156
Oct 20107914378.103.51$6,672
Sep 201014616072.633.98$11,241
Aug 2010015173.684.42$667
Jul 201007572.554.74$355
Jun 201010714570.364.91$8,241
May 2010015871.124.24$669
Apr 201015114781.694.12$12,941
Mar 2010017378.394.39$759
Feb 201014613273.585.44$11,461
Jan 2010013474.365.96$799
Dec 200909271.445.48$505
Nov 200910314274.593.75$8,215
Oct 2009012972.544.11$530
Sep 200914115165.543.06$9,704
Aug 2009022967.423.22$737
Jul 200910827761.133.46$7,562
Jun 2009023366.163.90$908
May 200913324854.743.93$8,254
Apr 2009026846.773.59$961
Mar 200914613242.144.06$6,688
Feb 2009014232.814.63$658
Jan 200910516435.865.37$4,646
Dec 2008021337.105.98$1,273
Nov 200818316955.496.86$11,314
Oct 2008012375.246.92$851
Sep 200894188101.767.88$11,046
Aug 2008090114.228.48$763
Jul 20080150131.0811.39$1,708
Jun 2008186186131.3313.03$26,851
May 2008146204123.1711.57$20,344
Apr 20080158110.3110.45$1,652
Mar 2008100156101.909.66$11,698
Feb 2008015092.538.77$1,316
Jan 200814619690.388.21$14,804
Dec 200709188.337.30$664
Nov 200710815691.677.29$11,038
Oct 2007017082.856.92$1,177
Sep 200713718575.846.24$11,545
Aug 2007030769.066.39$1,961
Jul 200714624870.906.39$11,936
Jun 200714625262.007.55$10,954
May 2007031458.747.85$2,464
Apr 200714911159.617.81$9,748
Mar 2007029756.927.30$2,169
Feb 200707655.108.22$624
Jan 200714614350.306.73$8,306
Dec 2006014456.656.92$996
Nov 200610243254.207.62$8,819
Oct 2006020954.906.01$1,257
Sep 200618316560.085.04$11,826
Aug 200613118268.717.34$10,337
Jul 2006020069.376.34$1,269
Jun 2006012666.286.38$804
May 20061435666.016.42$9,799
Apr 20060164.397.36$7
Mar 20061478156.707.08$8,909
Feb 2006017057.597.75$1,318
Jan 200610419560.598.93$8,043
Dec 2005019354.9413.42$2,589
Nov 2005021354.6910.59$2,255
Oct 200518716358.3413.80$13,158
Sep 200510013561.4512.08$7,776
Aug 2005016761.519.80$1,636
Jul 200514413755.697.84$9,094
Jun 2005017052.337.38$1,255
May 200510816345.226.65$5,968
Apr 2005019749.207.36$1,450
Mar 200518915850.377.15$10,650
Feb 20051297845.226.31$6,326
Jan 200508343.166.32$525
Dec 200413111539.866.75$5,998
Nov 2004014645.286.33$924
Oct 200412816249.706.52$7,417
Sep 200408843.245.28$465
Aug 2004025942.375.55$1,438
Jul 200412834138.286.08$6,975
Jun 2004034136.106.43$2,194
May 200418733737.486.49$9,197
Apr 200412824934.475.86$5,871
Mar 200412524634.365.53$5,655
Feb 200412719932.455.51$5,218
Jan 2004019032.036.30$1,197
Dec 200312322030.266.30$5,108
Nov 200312724728.804.60$4,793
Oct 2003035828.174.76$1,704
Sep 200312231326.314.75$4,696
Aug 200318228329.765.13$6,868
Jul 200311930929.415.17$5,098
Jun 2003032528.565.98$1,944
May 200318638526.595.97$7,245
Apr 2003026226.675.41$1,417
Mar 200311532931.146.10$5,587
Feb 200315622233.487.93$6,982
Jan 200315726630.315.58$6,243
Dec 2002028326.914.85$1,374
Nov 200212627724.664.14$4,253
Oct 200212531426.464.23$4,635
Sep 2002031427.443.64$1,141
Aug 200218132625.963.16$5,730
Jul 200212336924.583.06$4,153
Jun 200218339623.733.34$5,665
May 200212344424.663.58$4,624
Apr 200218636823.653.51$5,691
Mar 20026232722.003.10$2,379
Feb 2002038718.222.38$919
Jan 200219033717.172.38$4,063
Dec 200114838716.932.36$3,421
Nov 200112440518.072.41$3,215
Oct 2001041719.782.53$1,055
Sep 200112049224.262.25$4,019
Aug 200118352124.873.05$6,142
Jul 200124354023.933.20$7,541
Jun 2001057424.563.82$2,195
May 200137166925.524.31$12,350
Apr 20011221,24224.685.34$9,637
Mar 200112920424.545.38$4,262
Feb 200118716427.755.77$6,135
Jan 2001014527.478.40$1,218
Dec 200012825326.889.12$5,749
Nov 2000027832.215.66$1,573
Oct 20006319231.235.15$2,955
Sep 2000051831.875.19$2,687
Aug 200036644929.644.54$12,887
Jul 2000048528.534.09$1,984
Jun 200012147729.304.40$5,643
May 200011942527.263.68$4,808
Apr 200018543524.513.12$5,890
Mar 200012259328.422.86$5,163
Feb 200012037827.622.73$4,345
Jan 200012632225.272.48$3,983
Dec 1999025824.282.42$625
Nov 1999041023.192.43$998
Oct 199912214920.982.80$2,977
Sep 199912124021.752.62$3,260
Aug 199912332719.262.88$3,309
Jul 1999023917.892.37$567
Jun 199918525015.942.36$3,539
May 199912234615.792.32$2,729
Apr 199912624315.102.21$2,439
Mar 199912424812.471.84$2,002
Feb 19991282459.981.82$1,723
Jan 199918921510.381.90$2,370
Dec 199801969.201.77$348
Nov 199818624710.892.19$2,565
Oct 199812728312.421.97$2,135
Sep 199812829512.592.08$2,226
Aug 199812230211.301.91$1,955
Jul 199812236611.742.24$2,251
Jun 1998023811.242.24$532
May 199812222712.622.21$2,040
Apr 199812855213.042.51$3,052
Mar 199818691512.802.31$4,494
Feb 1998048613.952.30$1,117
Jan 199812428914.702.15$2,446
Dec 199718919116.322.41$3,545
Nov 199712228418.193.09$3,096
Oct 199712230019.253.15$3,293
Sep 1997034817.742.95$1,028
Aug 199712243617.862.55$3,293
Jul 199712336017.582.25$2,971
Jun 199718724117.242.26$3,768
May 199712225918.972.31$2,912
Apr 1997033217.882.08$691
Mar 199718740718.951.94$4,333
Feb 199714437220.492.21$3,771
Jan 199715041623.483.54$4,995
Dec 1996019323.32$0
Nov 199614451921.97$3,164
Oct 199614248223.31$3,310
Sep 1996032522.22$0
Aug 199612336020.26$2,492
Jul 199618637419.55$3,636
Jun 199612226418.73$2,285
May 199612432919.43$2,409
Apr 199612129521.51$2,603
Mar 1996032619.38$0
Feb 199612830616.98$2,173
Jan 199618424817.07$3,141
Dec 199512129017.19$2,080
Nov 199512831116.00$2,048
Oct 199512434715.43$1,913
Sep 1995036516.18$0
Aug 199512030415.92$1,910
Jul 199518418315.24$2,804
Jun 199512232016.41$2,002
May 199512333017.56$2,160
Apr 199512529717.73$2,216
Mar 1995035116.44$0
Feb 199511430516.58$1,890
Jan 199518431415.92$2,929
Dec 199411833615.03$1,774
Nov 199413322215.90$2,115
Oct 199412526215.58$1,948
Sep 1994028815.29$0
Aug 199413631616.13$2,194
Jul 199412339117.56$2,160
Jun 199412239717.09$2,085
May 1994044215.88$0
Apr 199418579414.14$2,616
Mar 199412592612.46$1,558
Feb 199412341512.50$1,538
Jan 199413039912.66$1,646
Dec 1993055412.33$0
Nov 199318652114.49$2,695
Oct 199319262915.85$3,043
Sep 199312374215.03$1,849
Aug 1993065115.66$0
Jul 199318686415.46$2,876
Jun 199312886416.79$2,149
May 199312782717.68$2,245
Apr 199312678918.05$2,274
Mar 1993075218.14$0
Feb 199312868017.90$2,291
Jan 199318781516.93$3,166

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                    0 bbl  × $106.41 =         $0
Casinghead gas       478 Mcf  × $  3.05 =     $1,456

────────────────────────────────────────────────────
Month total                                   $1,456

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/265 is the state's own key, not one this site invented.