SANFORD

Operated by BORGER RESOURCES 2 LLC (P-5 83236) 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 4278District 10Field 68887001NGPA filingOilCasinghead gasSaveExport
Value, all time
$2.0 M
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
NGPA6none

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
OilDisposition20,563 bbl$801,390
Casinghead gasProduction310,877 Mcf$1,176,275
Total$1,977,664

66,818 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 (6)

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 35.6974, -101.4997. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

35.69774, -101.50007 · 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%
2 of 6 wells
With a plug date
33.3%
2 of 6 wells
Median depth
3,004 ft
6 wells filed one
Completion to plug
39.2 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
233.3%
A plug date is filed
233.3%
BothOn the schedule and plugged. Neither fact cancels the other.
233.3%
NeitherNo plug date, and not on the schedule.
466.7%

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

Between 2,976 and 3,017 ft, median 3,004 ft, over the 6 wells that filed a depth.

Completions filed
Nov 1977 – Nov 1979
6 of 6 wells
Plug dates filed
Mar 2012 – Nov 2024
2 of 6 wells; 4 filed none

Last completion to plug: a median of 39.2 years across the 2 wells that filed both dates, with the middle half between 36.2 years and 42.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

6 wells

42-2333074362,976 ftNov 1979Nov 2024Yes
42-2333063353,003 ftDec 1978Mar 2012Yes
42-2333063243,005 ftOct 1978
42-2333057832,997 ftMar 1978
42-2333057723,004 ftNov 1977
42-2333034513,017 ftNov 1977

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 2022016387.185.86$956
Sep 2022014284.888.16$1,159
Aug 2022017494.529.13$1,588
Jul 20220113101.587.54$852
Jun 20220154115.097.98$1,228
May 202200109.378.43$0
Apr 20220160104.226.84$1,094
Mar 20220143108.885.08$726
Feb 2022011191.054.86$539
Jan 2022012081.844.54$545
Dec 202107571.323.90$292
Nov 202109877.435.24$513
Oct 2021015079.795.71$857
Sep 2021012569.865.35$669
Aug 2021016266.024.22$684
Jul 2021010970.783.98$434
Jun 2021011169.493.38$375
May 2021015163.483.02$456
Apr 2021015160.362.76$417
Mar 2021014661.302.72$397
Feb 2021010457.805.55$577
Jan 2021013650.412.81$382
Dec 202003944.642.68$104
Nov 2020013438.772.71$363
Oct 2020016236.972.48$402
Sep 2020018037.091.99$358
Aug 2020016739.982.39$398
Jul 2020011138.371.83$203
Jun 2020032134.901.69$543
May 2020026816.921.81$486
Apr 2020018914.751.80$341
Mar 2020014630.341.86$271
Feb 2020015349.881.98$303
Jan 202009657.252.09$201
Dec 2019014759.012.30$339
Nov 2019015655.302.75$429
Oct 201909953.472.42$239
Sep 2019015455.052.66$409
Aug 2019012853.112.30$295
Jul 2019011756.272.46$288
Jun 2019014052.782.49$349
May 2019014158.482.74$386
Apr 2019011862.632.75$325
Mar 2019013956.803.06$426
Feb 201907650.852.79$212
Jan 2019015446.033.23$497
Dec 2018014446.594.19$603
Nov 2018014352.934.24$606
Oct 2018016861.443.40$571
Sep 2018017859.543.11$553
Aug 2018019659.403.07$601
Jul 2018015765.142.93$460
Jun 2018018860.183.08$578
May 201817416165.382.90$11,843
Apr 20180063.842.90$0
Mar 201802161.222.79$59
Feb 2018015161.782.77$418
Jan 2018016862.874.01$674
Dec 2017017357.272.92$505
Nov 2017016055.423.12$499
Oct 2017020249.292.98$603
Sep 2017020247.523.09$624
Aug 2017017045.373.00$511
Jul 201704743.873.09$145
Jun 201707642.493.09$235
May 20170445.373.26$13
Apr 2017011547.933.21$369
Mar 2017014046.772.98$418
Feb 2017014950.452.95$440
Jan 2017014749.413.42$503
Dec 201609348.763.72$346
Nov 2016016042.492.64$423
Oct 2016018146.193.09$559
Sep 2016029341.553.10$908
Aug 2016033541.442.92$980
Jul 2016033541.622.92$980
Jun 2016027745.352.69$744
May 20161747242.521.99$7,542
Apr 2016012536.561.99$249
Mar 2016029033.011.79$520
Feb 201617827926.472.06$5,287
Jan 2016029227.352.36$690
Dec 201517517032.362.00$6,003
Nov 2015018438.792.17$399
Oct 201517820243.552.43$8,242
Sep 2015020642.992.76$568
Aug 201509540.162.87$273
Jul 201517416548.152.95$8,864
Jun 2015021656.152.88$623
May 201518012455.212.96$10,304
Apr 201518112849.822.71$9,364
Mar 201516918642.892.93$7,794
Feb 2015021244.662.98$631
Jan 2015016043.433.10$496
Dec 2014020554.693.59$736
Nov 2014022970.464.25$974
Oct 201417616478.303.90$14,421
Sep 201416828086.164.05$15,608
Aug 201417126489.394.04$16,351
Jul 2014029096.564.18$1,212
Jun 2014027998.164.74$1,322
May 2014019994.734.73$941
Apr 201417419995.944.81$17,651
Mar 2014027595.895.06$1,391
Feb 201417524497.406.19$18,556
Jan 2014026390.404.86$1,278
Dec 201316329991.824.35$16,269
Nov 2013028688.853.74$1,069
Oct 2013027597.423.78$1,039
Sep 2013173249104.113.72$18,937
Aug 2013170270104.253.52$18,674
Jul 2013171307102.523.72$18,672
Jun 201317928594.403.93$18,019
May 201317928894.834.15$18,170
Apr 2013024493.964.28$1,045
Mar 201316326793.623.91$16,305
Feb 2013019491.233.42$663
Jan 2013022391.603.42$763
Dec 201217925686.773.42$16,407
Nov 2012035386.953.62$1,280
Oct 2012038589.383.40$1,309
Sep 2012038294.672.92$1,115
Aug 2012029692.662.91$861
Jul 2012036385.133.02$1,097
Jun 2012041479.822.52$1,043
May 201217732191.612.49$17,014
Apr 20120465101.652.00$929
Mar 201201,118105.052.22$2,484
Feb 201201,106101.102.57$2,843
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 201101,05884.983.65$3,860
Sep 201101,26083.623.99$5,022
Aug 201101,32083.404.15$5,477
Jul 201101,32494.144.52$5,981
Jun 201101,27992.904.64$5,934
May 201101,34498.134.40$5,920
Apr 20110190105.964.33$823
Mar 201101,30996.364.06$5,311
Feb 201101,06085.644.18$4,431
Jan 2011086986.504.59$3,988
Dec 2010073585.734.35$3,196
Nov 2010096180.843.80$3,647
Oct 201001,21078.103.51$4,246
Sep 2010078272.633.98$3,112
Aug 2010086873.684.42$3,836
Jul 2010081072.554.74$3,837
Jun 201001,35770.364.91$6,663
May 201001,34771.124.24$5,705
Apr 201001,30381.694.12$5,372
Mar 20100078.394.39$0
Feb 201013873573.585.44$14,154
Jan 2010057374.365.96$3,417
Dec 2009082471.445.48$4,519
Nov 200901,18374.593.75$4,438
Oct 20091841,09372.544.11$17,840
Sep 200901,23265.543.06$3,776
Aug 200901,29367.423.22$4,162
Jul 200901,53761.133.46$5,325
Jun 200901,33166.163.90$5,184
May 200901,56854.743.93$6,156
Apr 200901,51646.773.59$5,439
Mar 200901,21242.144.06$4,920
Feb 2009091432.814.63$4,235
Jan 200901,17135.865.37$6,289
Dec 200801,10937.105.98$6,629
Nov 2008099555.496.86$6,826
Oct 200801,23375.246.92$8,535
Sep 20081131,256101.767.88$21,393
Aug 20080948114.228.48$8,042
Jul 20081281,164131.0811.39$30,036
Jun 200801,107131.3313.03$14,427
May 200801,194123.1711.57$13,820
Apr 20080957110.3110.45$10,005
Mar 200801,139101.909.66$11,007
Feb 200812299292.538.77$19,989
Jan 200801,08290.388.21$8,879
Dec 200701,15988.337.30$8,463
Nov 20071191,16791.677.29$19,418
Oct 200701,29882.856.92$8,985
Sep 200701,27375.846.24$7,949
Aug 20071551,30769.066.39$19,053
Jul 200701,32170.906.39$8,438
Jun 200701,31762.007.55$9,941
May 200701,42558.747.85$11,181
Apr 2007057059.617.81$4,449
Mar 20071691,29056.927.30$19,039
Feb 200701,04355.108.22$8,569
Jan 200701,13550.306.73$7,635
Dec 20061491,17756.656.92$16,584
Nov 200601,28054.207.62$9,750
Oct 200601,36754.906.01$8,221
Sep 200601,34960.085.04$6,795
Aug 2006661,42868.717.34$15,016
Jul 20061461,42169.376.34$19,141
Jun 200601,43266.286.38$9,142
May 20061001,51266.016.42$16,316
Apr 200601,40464.397.36$10,334
Mar 20061501,30756.707.08$17,762
Feb 200601,15457.597.75$8,945
Jan 200601,20160.598.93$10,729
Dec 200501,11354.9413.42$14,931
Nov 2005671,29154.6910.59$17,334
Oct 2005691,25958.3413.80$21,394
Sep 20056365261.4512.08$11,747
Aug 2005891,25161.519.80$17,730
Jul 200501,21055.697.84$9,491
Jun 20051101,18052.337.38$14,466
May 20051391,19345.226.65$14,220
Apr 2005891,17749.207.36$13,042
Mar 20055192650.377.15$9,194
Feb 20051101,13945.226.31$12,163
Jan 20051011,17143.166.32$11,762
Dec 20041011,26739.866.75$12,579
Nov 200401,21145.286.33$7,666
Oct 20041071,11549.706.52$12,582
Sep 2004691,35243.245.28$10,127
Aug 2004991,41942.375.55$12,071
Jul 20041411,44738.286.08$14,201
Jun 20041531,14136.106.43$12,863
May 20041181,29737.486.49$12,846
Apr 200412485634.475.86$9,289
Mar 20041501,35334.365.53$12,636
Feb 200401,27232.455.51$7,008
Jan 200401,36032.036.30$8,568
Dec 20031191,38730.266.30$12,341
Nov 200301,40028.804.60$6,433
Oct 20031631,42828.174.76$11,388
Sep 20031241,44226.314.75$10,111
Aug 20031851,47929.765.13$13,092
Jul 20031721,33229.415.17$11,946
Jun 20031441,19628.565.98$11,268
May 20031731,30526.595.97$12,394
Apr 20031831,22126.675.41$11,483
Mar 20031541,25031.146.10$12,416
Feb 20031131,06733.487.93$12,240
Jan 20031461,04930.315.58$10,281
Dec 2002981,35826.914.85$9,229
Nov 20021741,31424.664.14$9,727
Oct 20021351,46426.464.23$9,764
Sep 2002971,43227.443.64$7,867
Aug 20021561,28325.963.16$8,109
Jul 20021821,46824.583.06$8,968
Jun 20021491,75423.733.34$9,391
May 20021791,62424.663.58$10,235
Apr 200201,45223.653.51$5,100
Mar 20021631,52122.003.10$8,305
Feb 20021511,34118.222.38$5,937
Jan 20021791,50817.172.38$6,656
Dec 20011671,18516.932.36$5,629
Nov 20011771,46118.072.41$6,713
Oct 20011591,30519.782.53$6,445
Sep 20011841,63324.262.25$8,140
Aug 20011771,68524.873.05$9,547
Jul 20011741,68423.933.20$9,548
Jun 20011801,67224.563.82$10,815
May 20011811,37525.524.31$10,542
Apr 200101,16024.685.34$6,189
Mar 20011691,51924.545.38$12,314
Feb 20011861,29227.755.77$12,613
Jan 20011751,43527.478.40$16,859
Dec 20001611,33426.889.12$16,497
Nov 20001381,38532.215.66$12,281
Oct 200001,61731.235.15$8,320
Sep 20001331,48731.875.19$11,951
Aug 20001491,54629.644.54$11,436
Jul 20001611,49728.534.09$10,716
Jun 200001,45429.304.40$6,394
May 20003271,41027.263.68$14,102
Apr 200001,38224.513.12$4,306
Mar 20002351,40828.422.86$10,705
Feb 200001,42727.622.73$3,891
Jan 20001601,51925.272.48$7,811
Dec 1999097224.282.42$2,356
Nov 19991691,22823.192.43$6,908
Oct 199901,25320.982.80$3,513
Sep 199901,15521.752.62$3,025
Aug 19991551,14419.262.88$6,275
Jul 199901,23517.892.37$2,930
Jun 19991501,21715.942.36$5,266
May 199916860015.792.32$4,045
Apr 199901,05115.102.21$2,321
Mar 199901,30312.471.84$2,395
Feb 199901,1689.981.82$2,123
Jan 199901,30610.381.90$2,481
Dec 199801,4099.201.77$2,499
Nov 199801,25710.892.19$2,747
Oct 199801,41512.421.97$2,786
Sep 199801,31612.592.08$2,741
Aug 199801,34111.301.91$2,558
Jul 19981611,34811.742.24$4,906
Jun 199801,32011.242.24$2,953
May 199801,22912.622.21$2,712
Apr 199801,26413.042.51$3,167
Mar 199801,36112.802.31$3,143
Feb 19981521,25413.952.30$5,004
Jan 199801,18414.702.15$2,551
Dec 19971551,29016.322.41$5,640
Nov 199701,37218.193.09$4,237
Oct 199701,50119.253.15$4,728
Sep 199701,41217.742.95$4,172
Aug 1997062317.862.55$1,592
Jul 1997077317.582.25$1,737
Jun 199718266717.242.26$4,643
May 199717741918.972.31$4,325
Apr 199718279717.882.08$4,914
Mar 199718066918.951.94$4,708
Feb 19971721,28520.492.21$6,359
Jan 19971781,33123.483.54$8,891
Dec 19961721,61423.32$4,011
Nov 19961781,43721.97$3,911
Oct 19961731,69523.31$4,033
Sep 19961751,66222.22$3,889
Aug 19963241,70620.26$6,564
Jul 199601,38019.55$0
Jun 199601,49918.73$0
May 19961791,54719.43$3,478
Apr 199601,35621.51$0
Mar 199601,23219.38$0
Feb 19961811,13016.98$3,073
Jan 199601,28817.07$0
Dec 199501,00617.19$0
Nov 19951801,07516.00$2,880
Oct 199501,34615.43$0
Sep 199501,28516.18$0
Aug 199501,34615.92$0
Jul 19951791,47415.24$2,728
Jun 199501,36116.41$0
May 199518086117.56$3,161
Apr 199501,44817.73$0
Mar 199501,43816.44$0
Feb 199501,25116.58$0
Jan 19951811,31915.92$2,882
Dec 199401,41015.03$0
Nov 199401,44015.90$0
Oct 19941831,60515.58$2,851
Sep 19941801,16415.29$2,752
Aug 199401,51216.13$0
Jul 199401,45817.56$0
Jun 19941781,17117.09$3,042
May 1994068515.88$0
Apr 19941801,28514.14$2,545
Mar 199401,37012.46$0
Feb 199401,28412.50$0
Jan 199401,48812.66$0
Dec 19931511,35212.33$1,862
Nov 199301,44814.49$0
Oct 19931811,51815.85$2,869
Sep 199301,39915.03$0
Aug 19931821,58715.66$2,850
Jul 199301,69715.46$0
Jun 19931801,38416.79$3,022
May 19931301,33317.68$2,298
Apr 19931581,47718.05$2,852
Mar 199301,77918.14$0
Feb 19931551,58917.90$2,775
Jan 199301,62716.93$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.

Oct 2022 — as filed, then multipliedworked
Oil                    0 bbl  × $ 87.18 =         $0
Casinghead gas       163 Mcf  × $  5.86 =       $956

────────────────────────────────────────────────────
Month total                                     $956

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/4278 is the state's own key, not one this site invented.