TEEL, BETTY TRUST

Operated by SNW OPERATING COMPANY (P-5 799856) in the PANHANDLE (RED CAVE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 4046District 10Field 68825800NGPA filingOilCasinghead gasSaveExport
Value, all time
$892 k
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 114 leases and 1,481 wells, and the rule below applies to all of them.

Discovered
1960-10-11
as the register files it
Field class
Oil
the register's own label
Between wells
330 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 10 acres. The field rule took effect on 1985-04-15.

The Commission's schedule remark for this field reads: 10 ACRES UNITS W/DIAG OF 1100 AND ALLOW OF 53

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
NGPA1none

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
OilDisposition16,311 bbl$890,342
Casinghead gasProduction1,736 Mcf$1,577
Total$891,919

1,099 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 (4)

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 35.5708, -102.0450. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

35.57040, -102.04504 · 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
100.0%
4 of 4 wells
With a plug date
50.0%
2 of 4 wells
Median depth
2,283 ft
3 wells filed one
Completion to plug
8.6 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
4100.0%
A plug date is filed
250.0%
BothOn the schedule and plugged. Neither fact cancels the other.
250.0%
NeitherNo plug date, and not on the schedule.
00.0%

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 2,263 and 2,320 ft, median 2,283 ft, over the 3 wells that filed a depth.

Completions filed
Dec 1975 – Jul 1976
3 of 4 wells; 1 filed none
Plug dates filed
Feb 1985
2 of 4 wells; 2 filed none

Last completion to plug: a median of 8.6 years across the 1 well that filed both dates, with the middle half between 8.6 years and 8.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-3753059152,263 ftFeb 1985Yes
42-3753032742,320 ftJul 1976Feb 1985Yes
42-3753026932,283 ftJan 1976Yes
42-375302622Dec 1975Yes

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 202420069.052.20$1,381
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 2021537057.805.55$31,039
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 2020177016.921.81$2,995
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 20190055.302.75$0
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 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 201673042.492.64$3,102
Oct 20160046.193.09$0
Sep 201660041.553.10$2,493
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 201669042.521.99$2,934
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 201521043.552.43$915
Sep 20150042.992.76$0
Aug 201557040.162.87$2,289
Jul 20150048.152.95$0
Jun 201526056.152.88$1,460
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 201516042.892.93$686
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 201420054.693.59$1,094
Nov 20140070.464.25$0
Oct 201482078.303.90$6,421
Sep 201410086.164.05$862
Aug 20140089.394.04$0
Jul 201418096.564.18$1,738
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 201453095.895.06$5,082
Feb 20140097.406.19$0
Jan 201424090.404.86$2,170
Dec 201342091.824.35$3,856
Nov 201386088.853.74$7,641
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201330104.253.52$313
Jul 20131530102.523.72$15,686
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 201398093.623.91$9,175
Feb 20130091.233.42$0
Jan 2013189091.603.42$17,312
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 201296089.383.40$8,580
Sep 201242094.672.92$3,976
Aug 2012106092.662.91$9,822
Jul 2012159085.133.02$13,536
Jun 20120079.822.52$0
May 2012141091.612.49$12,917
Apr 201200101.652.00$0
Mar 20121890105.052.22$19,854
Feb 20121890101.102.57$19,108
Jan 201291098.092.73$8,926
Dec 20110096.873.24$0
Nov 2011187095.723.31$17,900
Oct 2011156084.983.65$13,257
Sep 2011192083.623.99$16,055
Aug 2011171083.404.15$14,261
Jul 2011168094.144.52$15,816
Jun 2011172092.904.64$15,979
May 20110098.134.40$0
Apr 20113410105.964.33$36,132
Mar 20110096.364.06$0
Feb 2011187085.644.18$16,015
Jan 2011170086.504.59$14,705
Dec 20100085.734.35$0
Nov 2010171080.843.80$13,824
Oct 2010291078.103.51$22,727
Sep 2010124072.633.98$9,006
Aug 2010195073.684.42$14,368
Jul 2010171072.554.74$12,406
Jun 2010205070.364.91$14,424
May 2010212071.124.24$15,077
Apr 2010162081.694.12$13,234
Mar 2010164078.394.39$12,856
Feb 20100073.585.44$0
Jan 2010166074.365.96$12,344
Dec 2009173071.445.48$12,359
Nov 20090074.593.75$0
Oct 2009166072.544.11$12,042
Sep 2009354065.543.06$23,201
Aug 2009176067.423.22$11,866
Jul 2009187061.133.46$11,431
Jun 2009168066.163.90$11,115
May 20090054.743.93$0
Apr 2009175046.773.59$8,185
Mar 20090042.144.06$0
Feb 2009178032.814.63$5,840
Jan 2009191035.865.37$6,849
Dec 2008173037.105.98$6,418
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 20081580101.767.88$16,078
Aug 20081130114.228.48$12,907
Jul 200800131.0811.39$0
Jun 2008940131.3313.03$12,345
May 200800123.1711.57$0
Apr 20081040110.3110.45$11,472
Mar 200800101.909.66$0
Feb 200877092.538.77$7,125
Jan 20080090.388.21$0
Dec 2007100088.337.30$8,833
Nov 20070091.677.29$0
Oct 200778082.856.92$6,462
Sep 20070075.846.24$0
Aug 2007106069.066.39$7,320
Jul 20070070.906.39$0
Jun 2007157062.007.55$9,734
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 200680054.207.62$4,336
Oct 20060054.906.01$0
Sep 2006118060.085.04$7,089
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 2006125066.016.42$8,251
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 2005102054.6910.59$5,578
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 2005118055.697.84$6,571
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 200589050.377.15$4,483
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 2004167042.375.55$7,076
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 200486034.365.53$2,955
Feb 20040032.455.51$0
Jan 2004167032.036.30$5,349
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 2003152028.174.76$4,282
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 200387026.595.97$2,313
Apr 20030026.675.41$0
Mar 2003133031.146.10$4,142
Feb 200369033.487.93$2,310
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 2002109024.664.14$2,688
Oct 2002109026.464.23$2,884
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 2002100024.583.06$2,458
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 2002161023.653.51$3,808
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 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 2001126024.563.82$3,095
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 2001165027.755.77$4,579
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 2000169031.875.19$5,386
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 2000166029.304.40$4,864
May 20000027.263.68$0
Apr 2000196024.513.12$4,804
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 2000154025.272.48$3,892
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 1999137020.982.80$2,874
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 1999131017.892.37$2,344
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 1999116015.102.21$1,752
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 1999120010.381.90$1,246
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 1998135011.301.91$1,526
Jul 19980011.742.24$0
Jun 199804811.242.24$107
May 199804812.622.21$106
Apr 19981384813.042.51$1,920
Mar 199804812.802.31$111
Feb 199804813.952.30$110
Jan 19981384814.702.15$2,132
Dec 199704816.322.41$116
Nov 199704818.193.09$148
Oct 19971344819.253.15$2,731
Sep 199702317.742.95$68
Aug 199702317.862.55$59
Jul 19971782317.582.25$3,181
Jun 199702317.242.26$52
May 199702318.972.31$53
Apr 199702317.882.08$48
Mar 19971742318.951.94$3,342
Feb 199702120.492.21$46
Jan 199702323.483.54$81
Dec 19961802323.32$4,198
Nov 199602321.97$0
Oct 199602323.31$0
Sep 19961342322.22$2,977
Aug 199602320.26$0
Jul 19961392319.55$2,717
Jun 199602318.73$0
May 199602319.43$0
Apr 19961772321.51$3,807
Mar 199602319.38$0
Feb 199602216.98$0
Jan 199602317.07$0
Dec 199502317.19$0
Nov 199502316.00$0
Oct 199502315.43$0
Sep 19951752316.18$2,832
Aug 199502315.92$0
Jul 199502315.24$0
Jun 199502316.41$0
May 19951712317.56$3,003
Apr 199502317.73$0
Mar 199502316.44$0
Feb 19951312116.58$2,172
Jan 199502315.92$0
Dec 199402315.03$0
Nov 19941752315.90$2,783
Oct 199402315.58$0
Sep 199402315.29$0
Aug 19941762316.13$2,839
Jul 19941732317.56$3,038
Jun 199402317.09$0
May 199402315.88$0
Apr 199402314.14$0
Mar 19941282312.46$1,595
Feb 199402112.50$0
Jan 199402312.66$0
Dec 199302312.33$0
Nov 19931752314.49$2,536
Oct 199302315.85$0
Sep 19931742315.03$2,615
Aug 19931392315.66$2,177
Jul 199302315.46$0
Jun 199302316.79$0
May 19931782317.68$3,147
Apr 199302318.05$0
Mar 199302318.14$0
Feb 19931572317.90$2,810
Jan 199302316.93$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 2024 — as filed, then multipliedworked
Oil                   20 bbl  × $ 69.05 =     $1,381
Casinghead gas         0 Mcf  × $  2.20 =         $0

────────────────────────────────────────────────────
Month total                                   $1,381

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/4046 is the state's own key, not one this site invented.