MERTEN

Operated by BLACK'S OIL & GAS (P-5 72614) 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 312District 10Field 68873001OilCasinghead gasSaveExport
Value, all time
$1.4 M
Jan 1993 – May 2026
Value, last 12 filed months
$23 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
OilDisposition23,185 bbl$1,331,645
Casinghead gasProduction11,597 Mcf$28,788
Total$1,360,434

5,957 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 (8)

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 35.4922, -100.9413. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

35.49259, -100.94084 · 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
25.0%
2 of 8 wells
With a plug date
25.0%
2 of 8 wells
Median depth
3,317 ft
2 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
225.0%
A plug date is filed
225.0%
BothOn the schedule and plugged. Neither fact cancels the other.
225.0%
NeitherNo plug date, and not on the schedule.
675.0%

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

Total depth in feet, 2 of 8 wells. Median 3,317 ft, with the middle half between 3,310 and 3,323 ft; the shallowest is 3,304 ft and the deepest 3,329 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

Plug dates filed
Jul 1988 – Feb 2012
2 of 8 wells; 6 filed none

8 wells

42-1790581773,329 ftJul 1988Yes
42-1790581883,304 ftFeb 2012Yes
42-179816001
42-179816012
42-179816023
42-179816034
42-179816045
42-179816056

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 202654063.503.75$3,429
Jan 202689059.138.00$5,263
Dec 20250056.664.41$0
Nov 202533058.593.93$1,933
Oct 202550059.383.30$2,969
Sep 202548062.743.08$3,012
Aug 202535063.933.01$2,238
Jul 202550066.743.32$3,337
Jun 202518066.483.13$1,197
May 202525060.553.23$1,514
Apr 202547062.363.54$2,931
Mar 202571067.704.27$4,807
Feb 202530070.884.34$2,126
Jan 202540074.324.28$2,973
Dec 202430068.993.12$2,070
Nov 202431069.052.20$2,141
Oct 202436071.372.28$2,569
Sep 202427069.612.36$1,879
Aug 202474075.632.06$5,597
Jul 20240079.932.15$0
Jun 202423078.082.63$1,796
May 202441078.812.20$3,231
Apr 202457084.451.66$4,814
Mar 202437080.301.55$2,971
Feb 202437076.091.78$2,815
Jan 202437073.023.30$2,702
Dec 202338071.262.61$2,708
Nov 202337077.892.81$2,882
Oct 20230085.443.09$0
Sep 202338089.042.74$3,384
Aug 202333080.522.67$2,657
Jul 202366074.852.64$4,940
Jun 20230068.962.26$0
May 202371070.622.23$5,014
Apr 202399078.122.24$7,734
Mar 202325072.852.39$1,821
Feb 20230075.112.47$0
Jan 202321076.533.39$1,607
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 202267084.888.16$5,687
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 202148071.323.90$3,423
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 2021175069.865.35$12,226
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 2021150061.302.72$9,195
Feb 2021126057.805.55$7,283
Jan 2021117050.412.81$5,898
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 2020121038.371.83$4,643
Jun 20200034.901.69$0
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 2019154059.012.30$9,088
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 2019156056.272.46$8,778
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 2019163056.803.06$9,258
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 2018158059.543.11$9,407
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 2018149063.842.90$9,512
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 2017155055.423.12$8,590
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 2017155042.493.09$6,586
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 2017176049.413.42$8,696
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 2016151041.622.92$6,285
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 2015172043.552.43$7,491
Sep 20150042.992.76$0
Aug 2015174040.162.87$6,988
Jul 20150048.152.95$0
Jun 2015170056.152.88$9,546
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 2015177044.662.98$7,905
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 2014176078.303.90$13,781
Sep 20140086.164.05$0
Aug 2014175089.394.04$15,643
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 2014170094.734.73$16,104
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 2014149090.404.86$13,470
Dec 20130091.824.35$0
Nov 2013162088.853.74$14,394
Oct 20130097.423.78$0
Sep 20131490104.113.72$15,512
Aug 201300104.253.52$0
Jul 20131570102.523.72$16,096
Jun 20130094.403.93$0
May 2013164094.834.15$15,552
Apr 20130093.964.28$0
Mar 2013163093.623.91$15,260
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 2012154086.773.42$13,363
Nov 20120086.953.62$0
Oct 2012160089.383.40$14,301
Sep 20120094.672.92$0
Aug 2012158092.662.91$14,640
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 2012160091.612.49$14,658
Apr 20121610101.652.00$16,366
Mar 201200105.052.22$0
Feb 20121600101.102.57$16,176
Jan 2012162098.092.73$15,891
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 2011156084.983.65$13,257
Sep 2011154083.623.99$12,877
Aug 20110083.404.15$0
Jul 2011164094.144.52$15,439
Jun 20110092.904.64$0
May 2011158098.134.40$15,505
Apr 20111550105.964.33$16,424
Mar 2011155096.364.06$14,936
Feb 20110085.644.18$0
Jan 2011164086.504.59$14,186
Dec 2010159085.734.35$13,631
Nov 20100080.843.80$0
Oct 2010159078.103.51$12,418
Sep 20100072.633.98$0
Aug 2010163073.684.42$12,010
Jul 2010160072.554.74$11,608
Jun 20100070.364.91$0
May 2010157071.124.24$11,166
Apr 20100081.694.12$0
Mar 2010149078.394.39$11,680
Feb 2010153073.585.44$11,258
Jan 20100074.365.96$0
Dec 2009152071.445.48$10,859
Nov 2009159074.593.75$11,860
Oct 200902372.544.11$95
Sep 20091555365.543.06$10,321
Aug 20090067.423.22$0
Jul 200908161.133.46$281
Jun 200914615666.163.90$10,267
May 2009011354.743.93$444
Apr 200916213546.773.59$8,061
Mar 2009015542.144.06$629
Feb 2009010232.814.63$473
Jan 2009010135.865.37$542
Dec 200815415037.105.98$6,610
Nov 200815517655.496.86$9,808
Oct 2008016875.246.92$1,163
Sep 2008075101.767.88$591
Aug 200816275114.228.48$19,140
Jul 20081610131.0811.39$21,104
Jun 200800131.3313.03$0
May 20083110123.1711.57$38,306
Apr 200800110.3110.45$0
Mar 20081570101.909.66$15,998
Feb 2008306092.538.77$28,314
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 2007144091.677.29$13,200
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 2007145070.906.39$10,281
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 2007163059.617.81$9,716
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 2007165050.306.73$8,300
Dec 2006162056.656.92$9,177
Nov 2006163054.207.62$8,835
Oct 2006161054.906.01$8,839
Sep 2006167060.085.04$10,033
Aug 2006154068.717.34$10,581
Jul 2006161069.376.34$11,169
Jun 2006312066.286.38$20,679
May 2006160066.016.42$10,562
Apr 2006155064.397.36$9,980
Mar 2006164056.707.08$9,299
Feb 2006161057.597.75$9,272
Jan 2006154060.598.93$9,331
Dec 2005323054.9413.42$17,746
Nov 2005488054.6910.59$26,689
Oct 20050058.3413.80$0
Sep 2005308061.4512.08$18,927
Aug 20050061.519.80$0
Jul 2005161055.697.84$8,966
Jun 2005319052.337.38$16,693
May 2005157045.226.65$7,100
Apr 200555049.207.36$2,706
Mar 2005191050.377.15$9,621
Feb 2005185045.226.31$8,366
Jan 20050143.166.32$6
Dec 2004175239.866.75$6,989
Nov 20040045.286.33$0
Oct 2004164049.706.52$8,151
Sep 2004168043.245.28$7,264
Aug 2004011142.375.55$616
Jul 2004016738.286.08$1,016
Jun 200409936.106.43$637
May 200415914037.486.49$6,869
Apr 2004013934.475.86$814
Mar 200415818834.365.53$6,469
Feb 2004014732.455.51$810
Jan 200432022432.036.30$11,661
Dec 20031748730.266.30$5,813
Nov 2003018428.804.60$846
Oct 2003013728.174.76$652
Sep 2003013426.314.75$636
Aug 200333127529.765.13$11,261
Jul 200332520829.415.17$10,634
Jun 2003022128.565.98$1,322
May 200316572726.595.97$8,729
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20031825833.487.93$6,553
Jan 2003180630.315.58$5,489
Dec 20020026.914.85$0
Nov 2002362024.664.14$8,927
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 2002167025.963.16$4,335
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 2001199024.262.25$4,828
Aug 2001196024.873.05$4,875
Jul 2001372023.933.20$8,902
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
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 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19970016.322.41$0
Nov 19971621118.193.09$2,981
Oct 19970719.253.15$22
Sep 199701217.742.95$35
Aug 199702117.862.55$54
Jul 199716311817.582.25$3,131
Jun 1997011317.242.26$255
May 199715911318.972.31$3,277
Apr 199709817.882.08$204
Mar 1997011318.951.94$219
Feb 199715410220.492.21$3,380
Jan 199715811423.483.54$4,113
Dec 1996012023.32$0
Nov 199615713121.97$3,449
Oct 199616110823.31$3,753
Sep 1996013222.22$0
Aug 1996014920.26$0
Jul 1996016519.55$0
Jun 1996010118.73$0
May 1996010819.43$0
Apr 1996011021.51$0
Mar 1996011319.38$0
Feb 1996010416.98$0
Jan 1996010617.07$0
Dec 1995010417.19$0
Nov 199599616.00$144
Oct 1995010515.43$0
Sep 1995013816.18$0
Aug 199516013815.92$2,547
Jul 199515716715.24$2,393
Jun 1995014416.41$0
May 199516016717.56$2,810
Apr 199515313417.73$2,713
Mar 1995014116.44$0
Feb 199516912316.58$2,802
Jan 1995012315.92$0
Dec 199416512115.03$2,480
Nov 1994012115.90$0
Oct 1994012615.58$0
Sep 199417612815.29$2,691
Aug 1994013916.13$0
Jul 1994015217.56$0
Jun 199415114317.09$2,581
May 199414214015.88$2,255
Apr 1994014314.14$0
Mar 199415313812.46$1,906
Feb 199413311512.50$1,663
Jan 1994011312.66$0
Dec 1993012212.33$0
Nov 1993010514.49$0
Oct 1993015815.85$0
Sep 199317619415.03$2,645
Aug 1993014815.66$0
Jul 1993016715.46$0
Jun 199316413116.79$2,754
May 1993015117.68$0
Apr 1993012018.05$0
Mar 199301418.14$0
Feb 199302617.90$0
Jan 199301516.93$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.

Feb 2026 — as filed, then multipliedworked
Oil                   54 bbl  × $ 63.50 =     $3,429
Casinghead gas         0 Mcf  × $  3.75 =         $0

────────────────────────────────────────────────────
Month total                                   $3,429

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/312 is the state's own key, not one this site invented.