LEOPOLD -B-

Operated by LARGE OPERATING LLC (P-5 486623) 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 321District 10Field 68873001NGPA filingOilCasinghead gasSaveExport
Value, all time
$1.3 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 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
NGPA8none

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
OilDisposition25,064 bbl$1,098,481
Casinghead gasProduction41,707 Mcf$157,089
Total$1,255,570

8,263 Mcf of this lease's gas, across 32 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 35.5712, -101.0216. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

35.57188, -101.02102 · 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
0.0%
0 of 8 wells
With a plug date
0.0%
0 of 8 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.
8100.0%

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.

When they were last completed

Last completion by decade, 1 of 8 wells, Dec 1964. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Dec 1964
1 of 8 wells; 7 filed none

8 wells

42-179816861
42-179816872
42-179816883
42-179816894
42-179816905
42-179816916
42-179816927
42-179816938Dec 1964

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 20230080.522.67$0
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 20220087.185.86$0
Sep 20220084.888.16$0
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 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
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 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
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 20200038.371.83$0
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 20190059.012.30$0
Nov 201940055.302.75$2,212
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
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 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 201850065.382.90$3,269
Apr 20180063.842.90$0
Mar 201887061.222.79$5,326
Feb 2018110061.782.77$6,796
Jan 20180062.874.01$0
Dec 201709957.272.92$289
Nov 201705955.423.12$184
Oct 2017012449.292.98$370
Sep 201709147.523.09$281
Aug 201701345.373.00$39
Jul 201706343.873.09$195
Jun 2017236442.493.09$1,175
May 201702745.373.26$88
Apr 20170047.933.21$0
Mar 2017038046.772.98$1,134
Feb 20174922950.452.95$3,148
Jan 201710839049.413.42$6,670
Dec 2016038848.763.72$1,444
Nov 201617417442.492.64$7,853
Oct 2016959146.193.09$4,669
Sep 201604541.553.10$140
Aug 201605141.442.92$149
Jul 20161734141.622.92$7,320
Jun 201603045.352.69$81
May 20160542.521.99$10
Apr 201601036.561.99$20
Mar 20160133.011.79$2
Feb 2016176026.472.06$4,659
Jan 20161671027.352.36$4,591
Dec 201502032.362.00$40
Nov 2015010138.792.17$219
Oct 201518114443.552.43$8,232
Sep 2015016242.992.76$447
Aug 201507140.162.87$204
Jul 201517211448.152.95$8,618
Jun 2015010256.152.88$294
May 201508955.212.96$263
Apr 2015010549.822.71$284
Mar 201517210942.892.93$7,697
Feb 2015012144.662.98$360
Jan 201507943.433.10$245
Dec 201418217054.693.59$10,564
Nov 2014016670.464.25$706
Oct 20141746878.303.90$13,889
Sep 2014013586.164.05$546
Aug 20141677489.394.04$15,227
Jul 20140096.564.18$0
Jun 20141699198.164.74$17,020
May 2014015494.734.73$728
Apr 2014014095.944.81$673
Mar 201417413395.895.06$17,357
Feb 2014012197.406.19$749
Jan 201417613090.404.86$16,542
Dec 201305491.824.35$235
Nov 2013016888.853.74$628
Oct 20131678597.423.78$16,590
Sep 20130182104.113.72$677
Aug 2013167189104.253.52$18,076
Jul 20130166102.523.72$617
Jun 201316514394.403.93$16,138
May 201316715894.834.15$16,492
Apr 201317215393.964.28$16,816
Mar 201317230993.623.91$17,312
Feb 201308991.233.42$304
Jan 20131678791.603.42$15,595
Dec 2012046586.773.42$1,590
Nov 201217211286.953.62$15,361
Oct 2012176089.383.40$15,731
Sep 201202194.672.92$61
Aug 2012166092.662.91$15,382
Jul 2012170085.133.02$14,472
Jun 2012170279.822.52$13,574
May 201209491.612.49$234
Apr 201216694101.652.00$17,062
Mar 2012168388105.052.22$18,511
Feb 2012078101.102.57$200
Jan 20121669598.092.73$16,543
Dec 20111698296.873.24$16,637
Nov 2011011395.723.31$374
Oct 2011166084.983.65$14,107
Sep 201116812883.623.99$14,558
Aug 2011014783.404.15$610
Jul 20111178894.144.52$11,412
Jun 2011010892.904.64$501
May 2011014998.134.40$656
Apr 20110133105.964.33$576
Mar 201117215996.364.06$17,219
Feb 2011015685.644.18$652
Jan 2011012686.504.59$578
Dec 201009485.734.35$409
Nov 201008980.843.80$338
Oct 2010011578.103.51$404
Sep 201016613472.633.98$12,590
Aug 2010017173.684.42$756
Jul 201018417172.554.74$14,159
Jun 2010018370.364.91$899
May 201016618171.124.24$12,572
Apr 201017213581.694.12$14,607
Mar 2010016378.394.39$715
Feb 2010010473.585.44$566
Jan 201033117474.365.96$25,651
Dec 2009019371.445.48$1,058
Nov 200917620474.593.75$13,893
Oct 2009015172.544.11$621
Sep 2009015665.543.06$478
Aug 200918517067.423.22$13,020
Jul 2009018561.133.46$641
Jun 200917817166.163.90$12,443
May 2009018654.743.93$730
Apr 200918118646.773.59$9,133
Mar 2009020742.144.06$840
Feb 200918519432.814.63$6,969
Jan 200917917735.865.37$7,370
Dec 2008018537.105.98$1,106
Nov 200805555.496.86$377
Oct 200808075.246.92$554
Sep 200817984101.767.88$18,877
Aug 2008067114.228.48$568
Jul 20080173131.0811.39$1,970
Jun 20080144131.3313.03$1,877
May 2008095123.1711.57$1,100
Apr 2008089110.3110.45$930
Mar 20080145101.909.66$1,401
Feb 200809492.538.77$824
Jan 200818814390.388.21$18,165
Dec 2007014988.337.30$1,088
Nov 2007015391.677.29$1,116
Oct 200717219282.856.92$15,579
Sep 2007013975.846.24$868
Aug 2007015269.066.39$971
Jul 20071788370.906.39$13,150
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 2007175459.617.81$10,463
Mar 200717413856.927.30$10,912
Feb 20070055.108.22$0
Jan 200704350.306.73$289
Dec 200617914556.656.92$11,144
Nov 2006019154.207.62$1,455
Oct 200618712654.906.01$11,024
Sep 200616115060.085.04$10,428
Aug 2006018168.717.34$1,329
Jul 200617022469.376.34$13,214
Jun 2006014066.286.38$894
May 2006011666.016.42$745
Apr 2006011164.397.36$817
Mar 2006020156.707.08$1,424
Feb 2006018957.597.75$1,465
Jan 2006023660.598.93$2,108
Dec 2005020354.9413.42$2,723
Nov 200519028154.6910.59$13,366
Oct 2005031158.3413.80$4,290
Sep 200518117661.4512.08$13,248
Aug 200508161.519.80$794
Jul 200507655.697.84$596
Jun 2005186052.337.38$9,733
May 200508945.226.65$592
Apr 2005011049.207.36$810
Mar 20051889950.377.15$10,178
Feb 2005010645.226.31$669
Jan 2005013243.166.32$835
Dec 2004014639.866.75$986
Nov 2004014745.286.33$931
Oct 200419114849.706.52$10,457
Sep 2004015043.245.28$793
Aug 2004015542.375.55$860
Jul 200418612638.286.08$7,887
Jun 2004015836.106.43$1,016
May 200418819937.486.49$8,339
Apr 2004020434.475.86$1,195
Mar 200419026334.365.53$7,983
Feb 2004016532.455.51$909
Jan 200437017532.036.30$12,954
Dec 2003023230.266.30$1,462
Nov 2003019428.804.60$891
Oct 200319022528.174.76$6,423
Sep 200318921126.314.75$5,975
Aug 200318723529.765.13$6,771
Jul 200318622929.415.17$6,654
Jun 200318422728.565.98$6,613
May 200318615726.595.97$5,883
Apr 200318813426.675.41$5,739
Mar 200318817931.146.10$6,946
Feb 200318717033.487.93$7,608
Jan 200319016830.315.58$6,697
Dec 2002016326.914.85$791
Nov 200219017924.664.14$5,426
Oct 200219221026.464.23$5,968
Sep 200218221727.443.64$5,783
Aug 200218724225.963.16$5,620
Jul 200236122224.583.06$9,553
Jun 200217721723.733.34$4,925
May 200208624.663.58$308
Apr 200235215823.653.51$8,880
Mar 200217412422.003.10$4,213
Feb 200208718.222.38$207
Jan 200218915817.172.38$3,620
Dec 200137620016.932.36$6,839
Nov 2001015918.072.41$382
Oct 20013788219.782.53$7,684
Sep 2001016224.262.25$365
Aug 200119115724.873.05$5,230
Jul 200117514423.933.20$4,648
Jun 200118920324.563.82$5,418
May 200118520525.524.31$5,604
Apr 20010424.685.34$21
Mar 20011901024.545.38$4,716
Feb 200119014427.755.77$6,103
Jan 2001017127.478.40$1,436
Dec 200007026.889.12$639
Nov 20001877032.215.66$6,419
Oct 2000012331.235.15$633
Sep 200018512631.875.19$6,549
Aug 2000033129.644.54$1,503
Jul 200018716928.534.09$6,026
Jun 2000020429.304.40$897
May 200008427.263.68$309
Apr 200002524.513.12$78
Mar 20001869828.422.86$5,566
Feb 2000012327.622.73$335
Jan 200019312325.272.48$5,182
Dec 1999010124.282.42$245
Nov 199919015423.192.43$4,781
Oct 1999018320.982.80$513
Sep 199918815521.752.62$4,495
Aug 199918513419.262.88$3,948
Jul 199918313117.892.37$3,585
Jun 199918715115.942.36$3,337
May 1999016415.792.32$381
Apr 1999012815.102.21$283
Mar 199938211812.471.84$4,980
Feb 199901069.981.82$193
Jan 1999013910.381.90$264
Dec 199801679.201.77$296
Nov 19981901910.892.19$2,111
Oct 1998015012.421.97$295
Sep 199818815112.592.08$2,681
Aug 199837716211.301.91$4,569
Jul 1998015211.742.24$340
Jun 1998011711.242.24$262
May 199819113312.622.21$2,704
Apr 1998013813.042.51$346
Mar 1998011412.802.31$263
Feb 199806113.952.30$140
Jan 19981912614.702.15$2,864
Dec 199703316.322.41$80
Nov 199703218.193.09$99
Oct 199719011219.253.15$4,010
Sep 199708217.742.95$242
Aug 199718115717.862.55$3,634
Jul 1997013417.582.25$301
Jun 199718812817.242.26$3,530
May 1997016318.972.31$376
Apr 1997011217.882.08$233
Mar 1997013618.951.94$264
Feb 1997010520.492.21$232
Jan 19971906923.483.54$4,705
Dec 1996013523.32$0
Nov 199619212621.97$4,218
Oct 1996013623.31$0
Sep 199618813922.22$4,177
Aug 1996015020.26$0
Jul 199618615919.55$3,636
Jun 1996014518.73$0
May 1996019119.43$0
Apr 199618620021.51$4,001
Mar 1996021119.38$0
Feb 199618822316.98$3,192
Jan 199619123317.07$3,260
Dec 1995036617.19$0
Nov 199518748816.00$2,992
Oct 199518927315.43$2,916
Sep 199504916.18$0
Aug 199518725215.92$2,977
Jul 199518753715.24$2,850
Jun 199518965816.41$3,101
May 1995081617.56$0
Apr 19953771,24617.73$6,684
Mar 199518671016.44$3,058
Feb 199537181116.58$6,151
Jan 19950015.92$0
Dec 19940015.03$0
Nov 19940015.90$0
Oct 19940015.58$0
Sep 19940115.29$0
Aug 19940116.13$0
Jul 19940117.56$0
Jun 19940017.09$0
May 19940015.88$0
Apr 19940014.14$0
Mar 19940012.46$0
Feb 19940012.50$0
Jan 19940012.66$0
Dec 19930012.33$0
Nov 19930014.49$0
Oct 19930015.85$0
Sep 19930015.03$0
Aug 19930015.66$0
Jul 1993121015.46$1,871
Jun 19930116.79$0
May 19930117.68$0
Apr 19930118.05$0
Mar 19930118.14$0
Feb 1993169117.90$3,025
Jan 19930116.93$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.

Nov 2019 — as filed, then multipliedworked
Oil                   40 bbl  × $ 55.30 =     $2,212
Casinghead gas         0 Mcf  × $  2.75 =         $0

────────────────────────────────────────────────────
Month total                                   $2,212

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/321 is the state's own key, not one this site invented.