MERCHANT, CAL -A-

Operated by ENID OPERATING, INC. (P-5 252759) in the PANHANDLE HUTCHINSON COUNTY FLD. field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 4275District 10Field 68887001NGPA filingOilCasinghead gasSaveExport
Value, all time
$375 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 918 leases and 8,177 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: SPECIAL TESTING REQUIREMENTS FOR WELLS WITH GOR GREATER THAN 5000.

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
NGPA5none

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
OilDisposition6,793 bbl$132,078
Casinghead gasProduction144,802 Mcf$243,381
Total$375,460

72,235 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 35.7283, -101.5277. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.9 miles.

35.72791, -101.52825 · 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
100.0%
4 of 4 wells
Median depth
3,125 ft
4 wells filed one
Completion to plug
25.9 years
median over 4 wells

What the state filed about each well

On the RRC proration schedule
4100.0%
A plug date is filed
4100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
4100.0%
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 2,940 and 3,505 ft, median 3,125 ft, over the 4 wells that filed a depth.

Completions filed
Nov 1977 – Feb 1979
4 of 4 wells
Plug dates filed
Jan 1997 – Aug 2006
4 of 4 wells

Last completion to plug: a median of 25.9 years across the 4 wells that filed both dates, with the middle half between 23.6 years and 26.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-233306013 L3,505 ftFeb 1979Jan 1997Yes
42-23330600C 32,940 ftMay 1978Nov 2003Yes
42-23330589B 43,210 ftMar 1978Jul 2004Yes
42-2333031213,040 ftNov 1977Aug 2006Yes

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 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 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
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 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
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 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
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 20090074.593.75$0
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 200800101.909.66$0
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 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
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 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 2005054145.226.31$3,415
Jan 200520635843.166.32$11,154
Dec 2004044639.866.75$3,011
Nov 2004059545.286.33$3,767
Oct 2004059849.706.52$3,896
Sep 2004062343.245.28$3,292
Aug 2004072942.375.55$4,046
Jul 20040038.286.08$0
Jun 2004042336.106.43$2,721
May 200416467937.486.49$10,557
Apr 2004052534.475.86$3,076
Mar 2004063534.365.53$3,512
Feb 2004066132.455.51$3,642
Jan 200408932.036.30$561
Dec 2003033530.266.30$2,111
Nov 200301128.804.60$51
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 200315435529.765.13$6,404
Jul 2003068229.415.17$3,527
Jun 2003081928.565.98$4,900
May 2003069826.595.97$4,169
Apr 2003066426.675.41$3,590
Mar 20030031.146.10$0
Feb 2003158033.487.93$5,290
Jan 20030230.315.58$11
Dec 20020126.914.85$5
Nov 20020024.664.14$0
Oct 2002014326.464.23$605
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 200203223.733.34$107
May 2002038024.663.58$1,362
Apr 200202323.653.51$81
Mar 200214328022.003.10$4,015
Feb 2002027218.222.38$646
Jan 2002041517.172.38$986
Dec 2001037116.932.36$877
Nov 200101918.072.41$46
Oct 2001023819.782.53$602
Sep 2001041024.262.25$923
Aug 20010024.873.05$0
Jul 200103423.933.20$109
Jun 200118163524.563.82$6,874
May 200101,14725.524.31$4,941
Apr 2001068824.685.34$3,671
Mar 2001083324.545.38$4,479
Feb 200115940627.755.77$6,754
Jan 2001038627.478.40$3,242
Dec 2000046626.889.12$4,251
Nov 2000080132.215.66$4,532
Oct 200001,20131.235.15$6,180
Sep 200001,20731.875.19$6,260
Aug 20001591,33629.644.54$10,779
Jul 200001,18428.534.09$4,842
Jun 200001,22129.304.40$5,369
May 200001,01627.263.68$3,739
Apr 20001681,01624.513.12$7,284
Mar 200001,01928.422.86$2,914
Feb 2000081727.622.73$2,228
Jan 2000088625.272.48$2,198
Dec 199917197924.282.42$6,525
Nov 199901,05723.192.43$2,573
Oct 1999089320.982.80$2,504
Sep 199917488421.752.62$6,100
Aug 1999089219.262.88$2,565
Jul 1999097617.892.37$2,315
Jun 1999092215.942.36$2,178
May 199916352915.792.32$3,802
Apr 199901,26615.102.21$2,795
Mar 199917294712.471.84$3,886
Feb 199906869.981.82$1,247
Jan 199917280210.381.90$3,309
Dec 199807149.201.77$1,266
Nov 199801,15910.892.19$2,533
Oct 19981691,18112.421.97$4,425
Sep 199801,61112.592.08$3,355
Aug 199801,78711.301.91$3,408
Jul 19981781,49111.742.24$5,425
Jun 19981761,67111.242.24$5,717
May 19981421,58812.622.21$5,296
Apr 19981581,50913.042.51$5,841
Mar 199801,09312.802.31$2,524
Feb 19981411,49013.952.30$5,393
Jan 19981481,57714.702.15$5,574
Dec 199701,05916.322.41$2,553
Nov 19971601,00918.193.09$6,026
Oct 199701,57519.253.15$4,961
Sep 19971251,85917.742.95$7,711
Aug 199701,91717.862.55$4,897
Jul 199701,71817.582.25$3,860
Jun 1997721,80817.242.26$5,322
May 199701,25218.972.31$2,890
Apr 1997093917.882.08$1,956
Mar 19971811,11318.951.94$5,588
Feb 199711064620.492.21$3,679
Jan 1997061723.483.54$2,184
Dec 1996045523.32$0
Nov 19961801,84721.97$3,955
Oct 199601,89423.31$0
Sep 19961481,92722.22$3,289
Aug 199601,47520.26$0
Jul 19961741,08519.55$3,402
Jun 1996060318.73$0
May 19961641,73419.43$3,187
Apr 199601,36121.51$0
Mar 1996096819.38$0
Feb 199601,10816.98$0
Jan 1996065717.07$0
Dec 1995091517.19$0
Nov 199501,11016.00$0
Oct 19951701,96015.43$2,623
Sep 199501,88716.18$0
Aug 19951751,46715.92$2,786
Jul 199502,18215.24$0
Jun 199502,21316.41$0
May 19951711,08317.56$3,003
Apr 199501,88217.73$0
Mar 199501,87316.44$0
Feb 19951691,07316.58$2,802
Jan 19951641,25415.92$2,611
Dec 1994063615.03$0
Nov 199401,46015.90$0
Oct 19941551,50515.58$2,415
Sep 1994086115.29$0
Aug 199417491216.13$2,807
Jul 199401,07317.56$0
Jun 199416178317.09$2,751
May 199401,95215.88$0
Apr 19941651,85814.14$2,333
Mar 199401,71812.46$0
Feb 199401,88312.50$0
Jan 19941671,33012.66$2,114
Dec 199301,78612.33$0
Nov 199302,02114.49$0
Oct 199303,12215.85$0
Sep 19931752,00415.03$2,630
Aug 199302,02015.66$0
Jul 199302,10515.46$0
Jun 19931772,06316.79$2,972
May 199302,06817.68$0
Apr 199302,32918.05$0
Mar 199301,14218.14$0
Feb 199301,04317.90$0
Jan 1993054816.93$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.

Feb 2005 — as filed, then multipliedworked
Oil                    0 bbl  × $ 45.22 =         $0
Casinghead gas       541 Mcf  × $  6.31 =     $3,415

────────────────────────────────────────────────────
Month total                                   $3,415

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/4275 is the state's own key, not one this site invented.