MORSE

Operated by BCE-MACH III LLC (P-5 40209) 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 3857District 10Field 68873001NGPA filingOilCasinghead gasSaveExport
Value, all time
$602 k
Jan 1993 – May 2026
Value, last 12 filed months
$24 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
NGPA2none

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
OilDisposition10,328 bbl$564,042
Casinghead gasProduction10,451 Mcf$37,679
Total$601,721

240 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 (2)

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 35.3784, -100.6485. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

35.37838, -100.64854 · 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 2 wells
With a plug date
0.0%
0 of 2 wells
Median depth
3,159 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
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.
2100.0%

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 3,150 and 3,167 ft, median 3,159 ft, over the 2 wells that filed a depth.

Completions filed
Apr 1973 – Feb 1975
2 of 2 wells

2 wells

42-179302344 A3,167 ftFeb 1975
42-1793016713,150 ftApr 1973

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 20262539106.413.05$2,779
Apr 2026294198.932.87$2,987
Mar 2026223689.753.15$2,088
Feb 2026263463.503.75$1,779
Jan 2026233159.138.00$1,608
Dec 2025265656.664.41$1,720
Nov 2025253358.593.93$1,594
Oct 2025274359.383.30$1,745
Sep 2025283862.743.08$1,874
Aug 2025283563.933.01$1,896
Jul 2025322166.743.32$2,205
Jun 2025282666.483.13$1,943
May 2025261960.553.23$1,636
Apr 2025284162.363.54$1,891
Mar 2025282867.704.27$2,015
Feb 2025222470.884.34$1,664
Jan 2025263974.324.28$2,099
Dec 2024234768.993.12$1,733
Nov 2024221369.052.20$1,548
Oct 2024165871.372.28$1,274
Sep 2024226569.612.36$1,685
Aug 2024273475.632.06$2,112
Jul 2024284779.932.15$2,339
Jun 2024224578.082.63$1,836
May 2024293578.812.20$2,362
Apr 2024263184.451.66$2,247
Mar 2024253480.301.55$2,060
Feb 2024152276.091.78$1,181
Jan 2024203473.023.30$1,573
Dec 2023263771.262.61$1,949
Nov 2023173077.892.81$1,408
Oct 2023162685.443.09$1,447
Sep 2023305189.042.74$2,811
Aug 2023375680.522.67$3,129
Jul 2023355374.852.64$2,760
Jun 2023244168.962.26$1,748
May 2023365670.622.23$2,667
Apr 2023285578.122.24$2,310
Mar 2023363972.852.39$2,716
Feb 2023283875.112.47$2,197
Jan 2023354676.533.39$2,834
Dec 2022384776.415.73$3,173
Nov 2022274785.005.65$2,560
Oct 2022145787.185.86$1,555
Sep 2022334884.888.16$3,193
Aug 2022405694.529.13$4,292
Jul 20224740101.587.54$5,076
Jun 20222953115.097.98$3,760
May 20224356109.378.43$5,175
Apr 20222932104.226.84$3,241
Mar 20224420108.885.08$4,892
Feb 2022292691.054.86$2,767
Jan 20220081.844.54$0
Dec 2021435571.323.90$3,281
Nov 2021436277.435.24$3,654
Oct 2021436079.795.71$3,774
Sep 2021505069.865.35$3,761
Aug 2021586566.024.22$4,104
Jul 2021446270.783.98$3,361
Jun 20213922369.493.38$3,464
May 20214017763.483.02$3,073
Apr 20214021760.362.76$3,013
Mar 20215621361.302.72$4,012
Feb 20214010657.805.55$2,900
Jan 20214017350.412.81$2,503
Dec 20204021644.642.68$2,364
Nov 20204721038.772.71$2,391
Oct 20205020336.972.48$2,352
Sep 20205525337.091.99$2,544
Aug 202040039.982.39$1,599
Jul 20204724238.371.83$2,245
Jun 20204726334.901.69$2,085
May 20204718316.921.81$1,127
Apr 20205324814.751.80$1,229
Mar 20204827630.341.86$1,969
Feb 20203924749.881.98$2,435
Jan 20204325557.252.09$2,996
Dec 20194624459.012.30$3,277
Nov 20193915355.302.75$2,578
Oct 20195523753.472.42$3,514
Sep 201949055.052.66$2,697
Aug 201969053.112.30$3,665
Jul 201998056.272.46$5,514
Jun 201949052.782.49$2,586
May 201952058.482.74$3,041
Apr 20194846862.632.75$4,294
Mar 201945556.803.06$2,571
Feb 201933550.852.79$1,692
Jan 201937546.033.23$1,719
Dec 201834546.594.19$1,605
Nov 201840552.934.24$2,138
Oct 201836561.443.40$2,229
Sep 201840559.543.11$2,397
Aug 201840559.403.07$2,391
Jul 201846565.142.93$3,011
Jun 201840560.183.08$2,423
May 201840565.382.90$2,630
Apr 201830563.842.90$1,930
Mar 201833561.222.79$2,034
Feb 201833561.782.77$2,053
Jan 201843562.874.01$2,723
Dec 201733557.272.92$1,905
Nov 201752555.423.12$2,897
Oct 201733549.292.98$1,641
Sep 201753547.523.09$2,534
Aug 201746545.373.00$2,102
Jul 201758543.873.09$2,560
Jun 201740542.493.09$1,715
May 201733545.373.26$1,514
Apr 201740547.933.21$1,933
Mar 201752546.772.98$2,447
Feb 201745550.452.95$2,285
Jan 201739549.413.42$1,944
Dec 201647548.763.72$2,310
Nov 201646542.492.64$1,968
Oct 201653546.193.09$2,464
Sep 201653541.553.10$2,218
Aug 201638541.442.92$1,589
Jul 201627541.622.92$1,138
Jun 201624545.352.69$1,102
May 201620542.521.99$860
Apr 201621536.561.99$778
Mar 201622533.011.79$735
Feb 201619526.472.06$513
Jan 201622527.352.36$614
Dec 201520532.362.00$657
Nov 201529538.792.17$1,136
Oct 201524543.552.43$1,057
Sep 201522542.992.76$960
Aug 201525540.162.87$1,018
Jul 201528548.152.95$1,363
Jun 201522556.152.88$1,250
May 201522555.212.96$1,229
Apr 201525549.822.71$1,259
Mar 201521542.892.93$915
Feb 201519544.662.98$863
Jan 201525543.433.10$1,101
Dec 201424554.693.59$1,331
Nov 201425570.464.25$1,783
Oct 201425578.303.90$1,977
Sep 201425586.164.05$2,174
Aug 201422589.394.04$1,987
Jul 201425596.564.18$2,435
Jun 201425598.164.74$2,478
May 201425594.734.73$2,392
Apr 201431595.944.81$2,998
Mar 201425595.895.06$2,423
Feb 201421597.406.19$2,076
Jan 201419590.404.86$1,742
Dec 201322591.824.35$2,042
Nov 201328588.853.74$2,506
Oct 201326597.423.78$2,552
Sep 2013265104.113.72$2,725
Aug 2013375104.253.52$3,875
Jul 2013255102.523.72$2,582
Jun 201323594.403.93$2,191
May 201326594.834.15$2,486
Apr 201325593.964.28$2,370
Mar 201329593.623.91$2,735
Feb 201321591.233.42$1,933
Jan 201319591.603.42$1,758
Dec 201219586.773.42$1,666
Nov 201231586.953.62$2,714
Oct 201222589.383.40$1,983
Sep 201231594.672.92$2,949
Aug 201226592.662.91$2,424
Jul 201233585.133.02$2,824
Jun 201226579.822.52$2,088
May 201224591.612.49$2,211
Apr 2012285101.652.00$2,856
Mar 2012195105.052.22$2,007
Feb 2012325101.102.57$3,248
Jan 201229598.092.73$2,858
Dec 201126596.873.24$2,535
Nov 201126595.723.31$2,505
Oct 201129584.983.65$2,483
Sep 201122583.623.99$1,860
Aug 201132583.404.15$2,690
Jul 201130594.144.52$2,847
Jun 201133592.904.64$3,089
May 201127598.134.40$2,672
Apr 2011165105.964.33$1,717
Mar 201128596.364.06$2,718
Feb 201116585.644.18$1,391
Jan 201121586.504.59$1,839
Dec 201021585.734.35$1,822
Nov 201028580.843.80$2,283
Oct 201022578.103.51$1,736
Sep 201027572.633.98$1,981
Aug 201021573.684.42$1,569
Jul 201024572.554.74$1,765
Jun 201028570.364.91$1,995
May 201022571.124.24$1,586
Apr 201028581.694.12$2,308
Mar 201036578.394.39$2,844
Feb 201016573.585.44$1,204
Jan 201025574.365.96$1,889
Dec 200928571.445.48$2,028
Nov 200925574.593.75$1,884
Oct 200933572.544.11$2,414
Sep 200925565.543.06$1,654
Aug 200931567.423.22$2,106
Jul 200928561.133.46$1,729
Jun 200932566.163.90$2,137
May 200927554.743.93$1,498
Apr 200932546.773.59$1,515
Mar 200931542.144.06$1,327
Feb 200927532.814.63$909
Jan 200928535.865.37$1,031
Dec 200831537.105.98$1,180
Nov 200834555.496.86$1,921
Oct 200825575.246.92$1,916
Sep 2008385101.767.88$3,906
Aug 2008285114.228.48$3,241
Jul 2008235131.0811.39$3,072
Jun 2008325131.3313.03$4,268
May 2008365123.1711.57$4,492
Apr 2008255110.3110.45$2,810
Mar 2008345101.909.66$3,513
Feb 20089592.538.77$877
Jan 200814590.388.21$1,306
Dec 200718588.337.30$1,626
Nov 200713591.677.29$1,228
Oct 200714582.856.92$1,195
Sep 200714575.846.24$1,093
Aug 200711569.066.39$792
Jul 200715570.906.39$1,095
Jun 200715562.007.55$968
May 200717558.747.85$1,038
Apr 200713559.617.81$814
Mar 200716556.927.30$947
Feb 200711555.108.22$647
Jan 200712550.306.73$637
Dec 200614556.656.92$828
Nov 200614554.207.62$797
Oct 200614554.906.01$799
Sep 200613560.085.04$806
Aug 200618568.717.34$1,273
Jul 200612569.376.34$864
Jun 200612566.286.38$827
May 200613566.016.42$890
Apr 200613564.397.36$874
Mar 20069556.707.08$546
Feb 20069557.597.75$557
Jan 200614560.598.93$893
Dec 200513554.9413.42$781
Nov 200513554.6910.59$764
Oct 200514558.3413.80$886
Sep 200510561.4512.08$675
Aug 200515561.519.80$972
Jul 200514555.697.84$819
Jun 200511552.337.38$613
May 200513545.226.65$621
Apr 200513549.207.36$676
Mar 200514550.377.15$741
Feb 20051447845.226.31$3,650
Jan 200514543.166.32$636
Dec 20041350139.866.75$3,900
Nov 20041546945.286.33$3,648
Oct 200419549.706.52$977
Sep 200416543.245.28$718
Aug 200418542.375.55$790
Jul 200414538.286.08$566
Jun 200418536.106.43$682
May 200418537.486.49$707
Apr 200420534.475.86$719
Mar 200424534.365.53$852
Feb 200418532.455.51$612
Jan 200420532.036.30$672
Dec 200320530.266.30$637
Nov 200317528.804.60$513
Oct 200322528.174.76$644
Sep 200320526.314.75$550
Aug 200319529.765.13$591
Jul 200323529.415.17$702
Jun 200320528.565.98$601
May 200320526.595.97$562
Apr 200317526.675.41$480
Mar 200324531.146.10$778
Feb 200317533.487.93$609
Jan 200318530.315.58$573
Dec 200223526.914.85$643
Nov 200217524.664.14$440
Oct 200218526.464.23$497
Sep 200220527.443.64$567
Aug 200218525.963.16$483
Jul 200222524.583.06$556
Jun 200218523.733.34$444
May 200220524.663.58$511
Apr 200218523.653.51$443
Mar 200220522.003.10$456
Feb 200216518.222.38$303
Jan 200222517.172.38$390
Dec 200119516.932.36$333
Nov 200124518.072.41$446
Oct 200124519.782.53$487
Sep 200116524.262.25$399
Aug 200124524.873.05$612
Jul 200120523.933.20$495
Jun 200119524.563.82$486
May 20012022825.524.31$1,492
Apr 200119524.685.34$496
Mar 200116524.545.38$420
Feb 200116527.755.77$473
Jan 200119527.478.40$564
Dec 200016526.889.12$476
Nov 200020532.215.66$672
Oct 200020531.235.15$650
Sep 200016531.875.19$536
Aug 200024529.644.54$734
Jul 200016528.534.09$477
Jun 200016529.304.40$491
May 200024527.263.68$673
Apr 200017524.513.12$432
Mar 200025528.422.86$725
Feb 200017527.622.73$483
Jan 200021525.272.48$543
Dec 199916524.282.42$401
Nov 199926523.192.43$615
Oct 199922520.982.80$476
Sep 199926521.752.62$579
Aug 199915519.262.88$303
Jul 199917517.892.37$316
Jun 199913515.942.36$219
May 199921515.792.32$343
Apr 199918515.102.21$283
Mar 199922512.471.84$284
Feb 19991659.981.82$169
Jan 199920510.381.90$217
Dec 19982259.201.77$211
Nov 199817510.892.19$196
Oct 199818512.421.97$233
Sep 199822512.592.08$287
Aug 199818511.301.91$213
Jul 199822511.742.24$269
Jun 199818511.242.24$214
May 199818512.622.21$238
Apr 199822513.042.51$299
Mar 199822512.802.31$293
Feb 199821513.952.30$304
Jan 199819514.702.15$290
Dec 199725516.322.41$420
Nov 199719518.193.09$361
Oct 199719519.253.15$382
Sep 199722517.742.95$405
Aug 199720517.862.55$370
Jul 199721517.582.25$380
Jun 199720517.242.26$356
May 199717518.972.31$334
Apr 199726517.882.08$475
Mar 199722518.951.94$427
Feb 199715520.492.21$318
Jan 199719523.483.54$464
Dec 199619523.32$443
Nov 199615521.97$330
Oct 199621523.31$490
Sep 199618522.22$400
Aug 199618520.26$365
Jul 199621519.55$411
Jun 199618518.73$337
May 199625519.43$486
Apr 199618521.51$387
Mar 199618519.38$349
Feb 199622516.98$374
Jan 199622517.07$376
Dec 199518517.19$309
Nov 199525516.00$400
Oct 199516515.43$247
Sep 199516516.18$259
Aug 199519515.92$302
Jul 199516515.24$244
Jun 199516516.41$263
May 199522517.56$386
Apr 199517517.73$301
Mar 199520516.44$329
Feb 199513516.58$216
Jan 199519515.92$302
Dec 199418515.03$271
Nov 199419515.90$302
Oct 199421515.58$327
Sep 199416515.29$245
Aug 199420516.13$323
Jul 199417517.56$299
Jun 199421517.09$359
May 199421515.88$333
Apr 199421514.14$297
Mar 199417512.46$212
Feb 199421512.50$263
Jan 199420512.66$253
Dec 199328512.33$345
Nov 199325514.49$362
Oct 199325515.85$396
Sep 199321515.03$316
Aug 199325515.66$392
Jul 199325515.46$387
Jun 199325516.79$420
May 199321517.68$371
Apr 199321518.05$379
Mar 199325518.14$454
Feb 199321517.90$376
Jan 199325516.93$423

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                   25 bbl  × $106.41 =     $2,660
Casinghead gas        39 Mcf  × $  3.05 =       $119

────────────────────────────────────────────────────
Month total                                   $2,779

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/3857 is the state's own key, not one this site invented.