MORSE -E-

Operated by BRADLEY OPERATING CO. (P-5 87255) 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 368District 10Field 68873001OilCasinghead gasSaveExport
Value, all time
$3.7 M
Jan 1993 – May 2026
Value, last 12 filed months
$109 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
OilDisposition53,848 bbl$3,549,379
Casinghead gasProduction38,280 Mcf$122,695
Total$3,672,074

9 Mcf of this lease's gas, across 9 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 (5)

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 35.4178, -100.6302. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

35.41768, -100.63057 · 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
40.0%
2 of 5 wells
With a plug date
40.0%
2 of 5 wells
Median depth
2,599 ft
4 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
240.0%
A plug date is filed
240.0%
BothOn the schedule and plugged. Neither fact cancels the other.
240.0%
NeitherNo plug date, and not on the schedule.
360.0%

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

Between 2,571 and 2,623 ft, median 2,599 ft, over the 4 wells that filed a depth.

Completions filed
Oct 2011 – Jan 2014
2 of 5 wells; 3 filed none
Plug dates filed
May 2002 – Jun 2002
2 of 5 wells; 3 filed none

5 wells

42-1798185812,600 ftJun 2002Yes
42-1798186042,571 ftMay 2002Yes
42-179818592
42-1793261472,623 ftJan 2014
42-179325876R2,598 ftOct 2011

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 20261600106.413.05$17,026
Apr 20260098.932.87$0
Mar 2026162089.753.15$14,540
Feb 2026313063.503.75$19,876
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 2025162058.593.93$9,492
Oct 2025159059.383.30$9,441
Sep 2025106062.743.08$6,650
Aug 20251572463.933.01$10,109
Jul 20253182466.743.32$21,303
Jun 202503666.483.13$113
May 2025156060.553.23$9,446
Apr 2025154062.363.54$9,603
Mar 2025160067.704.27$10,832
Feb 2025160070.884.34$11,341
Jan 2025162074.324.28$12,040
Dec 2024145468.993.12$10,016
Nov 2024320069.052.20$22,096
Oct 20240071.372.28$0
Sep 20241594569.612.36$11,174
Aug 20241583575.632.06$12,022
Jul 2024156079.932.15$12,469
Jun 2024158078.082.63$12,337
May 20241575278.812.20$12,487
Apr 20241595284.451.66$13,514
Mar 2024159080.301.55$12,768
Feb 2024159076.091.78$12,098
Jan 2024159073.023.30$11,610
Dec 2023161071.262.61$11,473
Nov 2023157077.892.81$12,229
Oct 20230085.443.09$0
Sep 2023159089.042.74$14,157
Aug 20231585780.522.67$12,875
Jul 20231515774.852.64$11,453
Jun 20231574668.962.26$10,931
May 20231585670.622.23$11,283
Apr 202305478.122.24$121
Mar 2023157072.852.39$11,437
Feb 2023158075.112.47$11,867
Jan 20230076.533.39$0
Dec 2022144076.415.73$11,003
Nov 2022152085.005.65$12,920
Oct 20221552287.185.86$13,642
Sep 2022136084.888.16$11,544
Aug 2022159094.529.13$15,029
Jul 202200101.587.54$0
Jun 20221390115.097.98$15,998
May 20221610109.378.43$17,609
Apr 20221590104.226.84$16,571
Mar 20221620108.885.08$17,639
Feb 20220091.054.86$0
Jan 2022160081.844.54$13,094
Dec 2021135071.323.90$9,628
Nov 2021155077.435.24$12,002
Oct 2021147079.795.71$11,729
Sep 2021157069.865.35$10,968
Aug 2021147066.024.22$9,705
Jul 2021158070.783.98$11,183
Jun 2021159069.493.38$11,049
May 2021157063.483.02$9,966
Apr 2021311060.362.76$18,772
Mar 20210061.302.72$0
Feb 2021158057.805.55$9,132
Jan 2021156050.412.81$7,864
Dec 2020155044.642.68$6,919
Nov 2020161038.772.71$6,242
Oct 2020160036.972.48$5,915
Sep 2020155037.091.99$5,749
Aug 2020361039.982.39$14,433
Jul 20200038.371.83$0
Jun 2020180034.901.69$6,282
May 2020181016.921.81$3,063
Apr 202018111214.751.80$2,872
Mar 202018113530.341.86$5,742
Feb 20201858549.881.98$9,396
Jan 202018626357.252.09$11,199
Dec 201918346659.012.30$11,873
Nov 201918520355.302.75$10,789
Oct 201918831453.472.42$10,812
Sep 20191839455.052.66$10,324
Aug 201916117253.112.30$8,947
Jul 2019182056.272.46$10,241
Jun 201917926752.782.49$10,113
May 201918013458.482.74$10,894
Apr 201918729262.632.75$12,515
Mar 201918930256.803.06$11,660
Feb 201918928450.852.79$10,404
Jan 201919327846.033.23$9,781
Dec 201818526746.594.19$9,737
Nov 201818828352.934.24$11,150
Oct 201818731061.443.40$12,543
Sep 201818426559.543.11$11,779
Aug 201818330959.403.07$11,818
Jul 201818228365.142.93$12,685
Jun 201818035660.183.08$11,928
May 201837234365.382.90$25,316
Apr 201818332063.842.90$12,611
Mar 201817736561.222.79$11,853
Feb 201818139561.782.77$12,275
Jan 201818437762.874.01$13,080
Dec 201717833657.272.92$11,176
Nov 201718525555.423.12$11,048
Oct 201718426849.292.98$9,869
Sep 201717128547.523.09$9,006
Aug 201717828345.373.00$8,926
Jul 201717728943.873.09$8,657
Jun 201734328842.493.09$15,463
May 201718232045.373.26$9,302
Apr 201736330247.933.21$18,368
Mar 201717921246.772.98$9,004
Feb 201716114750.452.95$8,556
Jan 201715617549.413.42$8,306
Dec 201636930648.763.72$19,132
Nov 201636249242.492.64$16,682
Oct 201617941446.193.09$9,547
Sep 201636140541.553.10$16,255
Aug 201635913541.442.92$15,272
Jul 201635638441.622.92$15,940
Jun 201653814045.352.69$24,774
May 201636545042.521.99$16,416
Apr 201636535336.561.99$14,047
Mar 201635644333.011.79$12,546
Feb 201636352626.472.06$10,694
Jan 201636546827.352.36$11,089
Dec 201536540232.362.00$12,616
Nov 201536245338.792.17$15,024
Oct 201535548043.552.43$16,625
Sep 201536147742.992.76$16,835
Aug 201536253640.162.87$16,078
Jul 201554154848.152.95$27,663
Jun 201535955556.152.88$21,758
May 201572460555.212.96$41,760
Apr 201536168549.822.71$19,839
Mar 201553960142.892.93$24,881
Feb 201554861144.662.98$26,292
Jan 201552355843.433.10$24,444
Dec 201490374454.693.59$52,057
Nov 201454474870.464.25$41,511
Oct 201454054578.303.90$44,408
Sep 201454063986.164.05$49,111
Aug 201472175889.394.04$67,509
Jul 201488173296.564.18$88,129
Jun 201472454998.164.74$73,668
May 201436329994.734.73$35,800
Apr 201454330495.944.81$53,557
Mar 201436734995.895.06$36,956
Feb 201435731897.406.19$36,741
Jan 201436135590.404.86$34,360
Dec 201336727891.824.35$34,908
Nov 201336331788.853.74$33,438
Oct 201353438097.423.78$53,458
Sep 2013538350104.113.72$57,312
Aug 2013542423104.253.52$57,994
Jul 2013541387102.523.72$56,902
Jun 201335748294.403.93$35,597
May 201370146294.834.15$68,393
Apr 201352042893.964.28$50,692
Mar 201372238193.623.91$69,084
Feb 201355043391.233.42$51,657
Jan 201389249691.603.42$83,403
Dec 201287059086.773.42$77,508
Nov 201253343286.953.62$47,910
Oct 201269645489.383.40$63,752
Sep 201253046594.672.92$51,532
Aug 201287756492.662.91$82,903
Jul 201287850985.133.02$76,282
Jun 201266846979.822.52$54,501
May 201253040491.612.49$49,559
Apr 2012181266101.652.00$18,930
Mar 2012184368105.052.22$20,147
Feb 201218370101.102.57$18,681
Jan 201218138298.092.73$18,799
Dec 201118311696.873.24$18,103
Nov 2011174095.723.31$16,655
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 2011157096.364.06$15,129
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 2010160085.734.35$13,717
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 2009172074.593.75$12,829
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 20081590101.909.66$16,202
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 2006140060.085.04$8,411
Aug 20060068.717.34$0
Jul 200683069.376.34$5,758
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 200679057.597.75$4,550
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 200582055.697.84$4,567
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 200489039.866.75$3,548
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 200398028.565.98$2,799
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 2002107026.914.85$2,879
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
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 200182016.932.36$1,388
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 200178024.563.82$1,916
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 2001192024.545.38$4,712
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 200094032.215.66$3,028
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 2000100029.644.54$2,964
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 2000113027.263.68$3,080
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 200095027.622.73$2,624
Jan 200095025.272.48$2,401
Dec 199999024.282.42$2,404
Nov 19990023.192.43$0
Oct 199994020.982.80$1,972
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 199983017.892.37$1,485
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 199989015.102.21$1,344
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 19986409.201.77$589
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 199899012.592.08$1,246
Aug 19980011.301.91$0
Jul 199886011.742.24$1,010
Jun 19980011.242.24$0
May 1998104012.622.21$1,312
Apr 19980013.042.51$0
Mar 1998118012.802.31$1,510
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 199798016.322.41$1,599
Nov 1997102018.193.09$1,855
Oct 19970019.253.15$0
Sep 199799017.742.95$1,756
Aug 19970017.862.55$0
Jul 199798017.582.25$1,723
Jun 19970017.242.26$0
May 1997100018.972.31$1,897
Apr 19970017.882.08$0
Mar 1997106018.951.94$2,009
Feb 1997106020.492.21$2,172
Jan 19970023.483.54$0
Dec 19960023.32$0
Nov 1996105021.97$2,307
Oct 19960023.31$0
Sep 19960022.22$0
Aug 199695020.26$1,925
Jul 19960019.55$0
Jun 19960018.73$0
May 19960019.43$0
Apr 199680021.51$1,721
Mar 19960019.38$0
Feb 199698016.98$1,664
Jan 19960017.07$0
Dec 19950017.19$0
Nov 199590016.00$1,440
Oct 19950015.43$0
Sep 19950016.18$0
Aug 19950015.92$0
Jul 1995102015.24$1,554
Jun 19950016.41$0
May 19950017.56$0
Apr 199598017.73$1,738
Mar 19950016.44$0
Feb 19950016.58$0
Jan 1995168015.92$2,675
Dec 19940015.03$0
Nov 19940015.90$0
Oct 19940015.58$0
Sep 19940015.29$0
Aug 19940016.13$0
Jul 1994156017.56$2,739
Jun 19940017.09$0
May 19940015.88$0
Apr 19940014.14$0
Mar 1994156012.46$1,944
Feb 19940012.50$0
Jan 19940012.66$0
Dec 19930012.33$0
Nov 1993161014.49$2,333
Oct 19930015.85$0
Sep 19930115.03$0
Aug 1993154115.66$2,412
Jul 1993169115.46$2,613
Jun 19930116.79$0
May 1993157117.68$2,776
Apr 19930118.05$0
Mar 1993166118.14$3,011
Feb 19930117.90$0
Jan 1993167116.93$2,827

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                  160 bbl  × $106.41 =    $17,026
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $17,026

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/368 is the state's own key, not one this site invented.