LOVETT

Operated by RED LINE COMPANY, LTD. (P-5 697042) 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 327District 10Field 68873001NGPA filingOilCasinghead gasSaveExport
Value, all time
$3.0 M
Jan 1993 – May 2026
Value, last 12 filed months
$94 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
OilDisposition57,051 bbl$2,893,292
Casinghead gasProduction42,668 Mcf$146,238
Total$3,039,530

8,986 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 35.4166, -100.8802. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

35.41724, -100.88047 · 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
33.3%
3 of 9 wells
With a plug date
33.3%
3 of 9 wells
Median depth
3,000 ft
3 wells filed one
Completion to plug
39.8 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
333.3%
A plug date is filed
333.3%
BothOn the schedule and plugged. Neither fact cancels the other.
333.3%
NeitherNo plug date, and not on the schedule.
666.7%

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, 3 of 9 wells. Median 3,000 ft, with the middle half between 2,946 and 3,005 ft; the shallowest is 2,892 ft and the deepest 3,010 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, 4 of 9 wells, Jun 1946 – Dec 1971. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Jun 1946 – Dec 1971
4 of 9 wells; 5 filed none
Plug dates filed
Jun 1988 – May 2014
3 of 9 wells; 6 filed none

Last completion to plug: a median of 39.8 years across the 2 wells that filed both dates, with the middle half between 38.6 years and 40.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

9 wells

42-1790375862,892 ftMay 2014Yes
42-179817101
42-179817134
42-179817145
42-179817167
42-179817189Dec 1971
42-179037553W3,010 ftNov 1970Apr 2008Yes
42-179817178Oct 1970
42-179037542W3,000 ftJun 1946Jun 1988Yes

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 20261850106.413.05$19,686
Apr 20260098.932.87$0
Mar 2026189089.753.15$16,963
Feb 2026190063.503.75$12,065
Jan 20260059.138.00$0
Dec 2025191056.664.41$10,822
Nov 20250058.593.93$0
Oct 2025175059.383.30$10,392
Sep 20250062.743.08$0
Aug 2025188063.933.01$12,019
Jul 20250066.743.32$0
Jun 2025180066.483.13$11,966
May 2025185060.553.23$11,202
Apr 2025379062.363.54$23,634
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 2025183074.324.28$13,601
Dec 2024171068.993.12$11,797
Nov 20240069.052.20$0
Oct 20240371.372.28$7
Sep 2024187069.612.36$13,017
Aug 20241752075.632.06$13,277
Jul 20241822879.932.15$14,607
Jun 20241862978.082.63$14,599
May 20241823878.812.20$14,427
Apr 20241752484.451.66$14,819
Mar 20240080.301.55$0
Feb 20241849276.091.78$14,165
Jan 20241893773.023.30$13,923
Dec 20231813571.262.61$12,989
Nov 202317010777.892.81$13,542
Oct 20231786585.443.09$15,409
Sep 202318810889.042.74$17,035
Aug 2023188080.522.67$15,138
Jul 20230074.852.64$0
Jun 2023188068.962.26$12,964
May 2023173070.622.23$12,217
Apr 2023194078.122.24$15,155
Mar 2023181072.852.39$13,186
Feb 20230075.112.47$0
Jan 2023186076.533.39$14,235
Dec 2022180076.415.73$13,754
Nov 2022183085.005.65$15,555
Oct 20220087.185.86$0
Sep 2022175084.888.16$14,854
Aug 2022184094.529.13$17,392
Jul 20221850101.587.54$18,792
Jun 202200115.097.98$0
May 20221820109.378.43$19,905
Apr 20221890104.226.84$19,698
Mar 20221890108.885.08$20,578
Feb 20220091.054.86$0
Jan 2022187081.844.54$15,304
Dec 20210071.323.90$0
Nov 2021181077.435.24$14,015
Oct 2021189079.795.71$15,080
Sep 20210069.865.35$0
Aug 2021177066.024.22$11,686
Jul 2021179070.783.98$12,670
Jun 2021179069.493.38$12,439
May 20210063.483.02$0
Apr 2021170060.362.76$10,261
Mar 2021187061.302.72$11,463
Feb 2021177057.805.55$10,231
Jan 20210050.412.81$0
Dec 2020180044.642.68$8,035
Nov 20200038.772.71$0
Oct 2020181036.972.48$6,692
Sep 20200037.091.99$0
Aug 2020179039.982.39$7,156
Jul 20200038.371.83$0
Jun 2020175034.901.69$6,108
May 2020184016.921.81$3,113
Apr 20200014.751.80$0
Mar 2020186030.341.86$5,643
Feb 2020177049.881.98$8,829
Jan 20200057.252.09$0
Dec 20191702359.012.30$10,085
Nov 20191795655.302.75$10,053
Oct 201908853.472.42$213
Sep 201917710255.052.66$10,015
Aug 20191653853.112.30$8,851
Jul 201907356.272.46$180
Jun 20191588452.782.49$8,549
May 20191649958.482.74$9,862
Apr 201909662.632.75$264
Mar 20191638556.803.06$9,519
Feb 201915611750.852.79$8,259
Jan 201915610046.033.23$7,504
Dec 201817010546.594.19$8,360
Nov 201816410052.934.24$9,104
Oct 2018010961.443.40$370
Sep 201816410359.543.11$10,085
Aug 201832912359.403.07$19,920
Jul 201816213065.142.93$10,934
Jun 20181649560.183.08$10,162
May 20181618765.382.90$10,779
Apr 201807963.842.90$229
Mar 20181657861.222.79$10,319
Feb 201807861.782.77$216
Jan 20181649362.874.01$10,684
Dec 20171668557.272.92$9,755
Nov 201709455.423.12$293
Oct 20171668349.292.98$8,430
Sep 20171637247.523.09$7,968
Aug 201708645.373.00$258
Jul 201715611343.873.09$7,193
Jun 201705542.493.09$170
May 20171625945.373.26$7,542
Apr 20171668947.933.21$8,242
Mar 20171579346.772.98$7,620
Feb 201707850.452.95$230
Jan 20171568049.413.42$7,981
Dec 20161586148.763.72$7,931
Nov 201607642.492.64$201
Oct 20161546646.193.09$7,317
Sep 201615714141.553.10$6,961
Aug 2016013241.442.92$386
Jul 20161628741.622.92$6,997
Jun 201616311845.352.69$7,709
May 20161641742.521.99$7,007
Apr 201604936.561.99$98
Mar 201632910633.011.79$11,050
Feb 201615612526.472.06$4,387
Jan 2016010327.352.36$244
Dec 20151567632.362.00$5,200
Nov 201509538.792.17$206
Oct 201516112243.552.43$7,308
Sep 20151679242.992.76$7,433
Aug 201515910140.162.87$6,676
Jul 20150048.152.95$0
Jun 20153209756.152.88$18,248
May 201508655.212.96$254
Apr 20151567249.822.71$7,967
Mar 201505742.892.93$167
Feb 20151589644.662.98$7,342
Jan 201515311343.433.10$6,995
Dec 201416011554.693.59$9,163
Nov 201409470.464.25$400
Oct 20141638178.303.90$13,079
Sep 201409086.164.05$364
Aug 20141628789.394.04$14,832
Jul 20141669396.564.18$16,418
Jun 201409298.164.74$436
May 201416314794.734.73$16,136
Apr 20141614995.944.81$15,682
Mar 20141637495.895.06$16,004
Feb 201409597.406.19$588
Jan 201416110890.404.86$15,079
Dec 201332512191.824.35$30,368
Nov 2013011688.853.74$434
Oct 201316710197.423.78$16,651
Sep 2013160107104.113.72$17,055
Aug 2013100110104.253.52$10,812
Jul 2013163125102.523.72$17,175
Jun 201316312194.403.93$15,863
May 20134769194.834.15$45,517
Apr 201302993.964.28$124
Mar 20131606593.623.91$15,234
Feb 201306491.233.42$219
Jan 20131579191.603.42$14,692
Dec 20121659186.773.42$14,628
Nov 20121688186.953.62$14,901
Oct 20121687889.383.40$15,281
Sep 201206994.672.92$201
Aug 20121628492.662.91$15,255
Jul 201216311385.133.02$14,218
Jun 2012014679.822.52$368
May 201232416391.612.49$30,087
Apr 20120158101.652.00$315
Mar 2012169169105.052.22$18,129
Feb 2012161112101.102.57$16,565
Jan 201216816898.092.73$16,938
Dec 201117013596.873.24$16,905
Nov 201133018095.723.31$32,184
Oct 20111639484.983.65$14,195
Sep 201108583.623.99$339
Aug 201109083.404.15$373
Jul 201116211994.144.52$15,788
Jun 201133011392.904.64$31,181
May 2011015498.134.40$678
Apr 201116183105.964.33$17,419
Mar 201117220796.364.06$17,414
Feb 20111639885.644.18$14,369
Jan 201116910686.504.59$15,105
Dec 20101707585.734.35$14,900
Nov 20101687280.843.80$13,854
Oct 201016714678.103.51$13,555
Sep 201016316472.633.98$12,491
Aug 201016111973.684.42$12,388
Jul 201033111872.554.74$24,573
Jun 201027117370.364.91$19,917
May 201016516971.124.24$12,451
Apr 201015712381.694.12$13,332
Mar 201016310978.394.39$13,256
Feb 2010010373.585.44$561
Jan 201015912274.365.96$12,551
Dec 200916214571.445.48$12,368
Nov 200916311374.593.75$12,582
Oct 200916415272.544.11$12,521
Sep 200912311465.543.06$8,411
Aug 200916513467.423.22$11,556
Jul 200916615361.133.46$10,678
Jun 200916315066.163.90$11,368
May 20091669654.743.93$9,464
Apr 200932812046.773.59$15,771
Mar 20091638342.144.06$7,206
Feb 2009011732.814.63$542
Jan 200945810835.865.37$17,004
Dec 20081038837.105.98$4,347
Nov 20081615855.496.86$9,332
Oct 20081173275.246.92$9,025
Sep 200816585101.767.88$17,460
Aug 200832732114.228.48$37,621
Jul 2008162166131.0811.39$23,126
Jun 2008053131.3313.03$691
May 200816238123.1711.57$20,393
Apr 20080330110.3110.45$3,450
Mar 2008159363101.909.66$19,710
Feb 200843340092.538.77$43,574
Jan 200804890.388.21$394
Dec 20070088.337.30$0
Nov 200716428691.677.29$17,119
Oct 20071624582.856.92$13,733
Sep 2007018675.846.24$1,161
Aug 20072729069.066.39$19,359
Jul 200732511570.906.39$23,777
Jun 2007162162.007.55$10,052
May 20070158.747.85$8
Apr 2007167159.617.81$9,963
Mar 2007160056.927.30$9,107
Feb 2007153055.108.22$8,430
Jan 2007025650.306.73$1,722
Dec 2006871,11456.656.92$12,636
Nov 200644016854.207.62$25,128
Oct 200649210254.906.01$27,624
Sep 200616520360.085.04$10,936
Aug 200632613468.717.34$23,383
Jul 200607369.376.34$463
Jun 200601666.286.38$102
May 2006166166.016.42$10,964
Apr 20060464.397.36$29
Mar 200603056.707.08$212
Feb 20061644757.597.75$9,809
Jan 20061644760.598.93$10,357
Dec 200503454.9413.42$456
Nov 20051653454.6910.59$9,384
Oct 20051654858.3413.80$10,288
Sep 20051647761.4512.08$11,008
Aug 20051618061.519.80$10,687
Jul 20051636555.697.84$9,587
Jun 2005013552.337.38$996
May 200516514445.226.65$8,419
Apr 200516117349.207.36$9,195
Mar 200515017050.377.15$8,772
Feb 200516517145.226.31$8,541
Jan 2005011443.166.32$721
Dec 200416117739.866.75$7,612
Nov 2004011845.286.33$747
Oct 2004011249.706.52$730
Sep 200416312443.245.28$7,703
Aug 2004013742.375.55$760
Jul 200416214338.286.08$7,071
Jun 200416312536.106.43$6,688
May 200408037.486.49$520
Apr 2004010034.475.86$586
Mar 2004011534.365.53$636
Feb 200416211932.455.51$5,913
Jan 2004012932.036.30$813
Dec 200315712030.266.30$5,507
Nov 2003013128.804.60$602
Oct 200316313228.174.76$5,220
Sep 2003013026.314.75$617
Aug 200316013329.765.13$5,444
Jul 2003013429.415.17$693
Jun 200316512928.565.98$5,484
May 2003015826.595.97$944
Apr 200315511526.675.41$4,756
Mar 200316012931.146.10$5,769
Feb 200316617833.487.93$6,968
Jan 200332326730.315.58$11,281
Dec 2002022826.914.85$1,107
Nov 200216216924.664.14$4,694
Oct 200231522426.464.23$9,282
Sep 200216122327.443.64$5,228
Aug 200232921225.963.16$9,212
Jul 200231918724.583.06$8,414
Jun 200216614123.733.34$4,410
May 20021655524.663.58$4,266
Apr 200216316123.653.51$4,420
Mar 200233218222.003.10$7,869
Feb 200216217818.222.38$3,375
Jan 200232721617.172.38$6,128
Dec 200148923516.932.36$8,834
Nov 200116624418.072.41$3,587
Oct 200133524119.782.53$7,236
Sep 200116314224.262.25$4,274
Aug 20011595924.873.05$4,134
Jul 2001010823.933.20$345
Jun 20011667824.563.82$4,375
May 200116412625.524.31$4,728
Apr 200116410424.685.34$4,602
Mar 20011579924.545.38$4,385
Feb 200109827.755.77$565
Jan 200115910227.478.40$5,224
Dec 2000013026.889.12$1,186
Nov 200016414532.215.66$6,103
Oct 200016215131.235.15$5,836
Sep 200016515231.875.19$6,047
Aug 200016415329.644.54$5,556
Jul 200016612628.534.09$5,251
Jun 2000012929.304.40$567
May 200016212527.263.68$4,876
Apr 200017313024.513.12$4,645
Mar 200016614028.422.86$5,118
Feb 200015813027.622.73$4,718
Jan 200016116525.272.48$4,478
Dec 1999014824.282.42$359
Nov 199917016223.192.43$4,337
Oct 199915714720.982.80$3,706
Sep 199932717621.752.62$7,573
Aug 199916615419.262.88$3,640
Jul 199915618417.892.37$3,227
Jun 1999012115.942.36$286
May 199916317615.792.32$2,982
Apr 199916418315.102.21$2,880
Mar 199916714212.471.84$2,344
Feb 19991681499.981.82$1,947
Jan 199933020210.381.90$3,809
Dec 19981651799.201.77$1,835
Nov 199833117710.892.19$3,991
Oct 1998013612.421.97$268
Sep 199816513212.592.08$2,352
Aug 199816313811.301.91$2,105
Jul 199817013711.742.24$2,302
Jun 199816412111.242.24$2,114
May 199816013712.622.21$2,321
Apr 199816710013.042.51$2,428
Mar 1998011612.802.31$268
Feb 199816111813.952.30$2,517
Jan 199816612514.702.15$2,710
Dec 199716313016.322.41$2,974
Nov 199715813618.193.09$3,294
Oct 199716614119.253.15$3,640
Sep 1997013617.742.95$402
Aug 199716214517.862.55$3,264
Jul 1997014917.582.25$335
Jun 199716214917.242.26$3,129
May 199716412818.972.31$3,407
Apr 199716914717.882.08$3,328
Mar 199707918.951.94$153
Feb 199716510220.492.21$3,606
Jan 199716715723.483.54$4,477
Dec 199616615123.32$3,871
Nov 1996017221.97$0
Oct 199616617823.31$3,869
Sep 199616817722.22$3,733
Aug 199616428420.26$3,323
Jul 199616324219.55$3,187
Jun 199616719918.73$3,128
May 199616324319.43$3,167
Apr 199616522421.51$3,549
Mar 199616522719.38$3,198
Feb 199616818316.98$2,853
Jan 199617317317.07$2,953
Dec 199516516817.19$2,836
Nov 1995013216.00$0
Oct 199516617015.43$2,561
Sep 199516417316.18$2,654
Aug 199516118415.92$2,563
Jul 199532917615.24$5,014
Jun 199516420016.41$2,691
May 199516620817.56$2,915
Apr 199516420917.73$2,908
Mar 199516317516.44$2,680
Feb 199516714816.58$2,769
Jan 199516318215.92$2,595
Dec 199432518715.03$4,885
Nov 199416414015.90$2,608
Oct 199416214115.58$2,524
Sep 199416618515.29$2,538
Aug 199432620816.13$5,258
Jul 199432918917.56$5,777
Jun 199416317717.09$2,786
May 199416718115.88$2,652
Apr 19941687714.14$2,376
Mar 19941645012.46$2,043
Feb 19941645012.50$2,050
Jan 19941683012.66$2,127
Dec 199316511612.33$2,034
Nov 199316513014.49$2,391
Oct 199316926215.85$2,679
Sep 199316821715.03$2,525
Aug 199316728815.66$2,615
Jul 199316527015.46$2,551
Jun 199316721816.79$2,804
May 199333926117.68$5,994
Apr 1993026018.05$0
Mar 199316925418.14$3,066
Feb 199316325017.90$2,918
Jan 199316326716.93$2,760

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                  185 bbl  × $106.41 =    $19,686
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $19,686

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/327 is the state's own key, not one this site invented.