MORSE, J. S. -A-

Operated by RIO PETROLEUM, INC. (P-5 712840) 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 437District 10Field 68873001NGPA filingOilCasinghead gasSaveExport
Value, all time
$4.2 M
Jan 1993 – May 2026
Value, last 12 filed months
$114 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
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
OilDisposition73,443 bbl$3,629,156
Casinghead gasProduction129,398 Mcf$542,270
Total$4,171,426

13,976 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 (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 35.3883, -100.6683. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

35.38844, -100.66822 · 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 5 wells
With a plug date
0.0%
0 of 5 wells
Median depth
2,964 ft
5 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.
5100.0%

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 2,820 and 3,070 ft, median 2,964 ft, over the 5 wells that filed a depth.

Completions filed
Nov 1926 – Feb 1965
4 of 5 wells; 1 filed none

5 wells

42-17904068113,070 ftFeb 1965
42-17904072102,827 ftOct 1964
42-1790407192,970 ftMay 1955
42-1790963152,820 ft1938
42-1798230712,964 ftNov 1926

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 2026180156106.413.05$19,629
Apr 2026014898.932.87$425
Mar 202617612089.753.15$16,174
Feb 202617711863.503.75$11,682
Jan 2026011759.138.00$936
Dec 202517510856.664.41$10,392
Nov 2025174158.593.93$10,199
Oct 2025171159.383.30$10,157
Sep 20250162.743.08$3
Aug 202516911363.933.01$11,145
Jul 202517110066.743.32$11,744
Jun 202517211666.483.13$11,797
May 20251709260.553.23$10,591
Apr 2025014562.363.54$514
Mar 202517314567.704.27$12,331
Feb 20251558270.884.34$11,342
Jan 2025012374.324.28$526
Dec 202418012468.993.12$12,805
Nov 20241736169.052.20$12,080
Oct 202417718671.372.28$13,057
Sep 2024017769.612.36$418
Aug 202417217575.632.06$13,370
Jul 202417520079.932.15$14,417
Jun 202417621378.082.63$14,303
May 2024020078.812.20$440
Apr 202417421584.451.66$15,051
Mar 2024012080.301.55$185
Feb 202417517076.091.78$13,619
Jan 202418020273.023.30$13,810
Dec 2023019571.262.61$509
Nov 2023020977.892.81$587
Oct 202317819985.443.09$15,823
Sep 202317819289.042.74$16,374
Aug 2023021280.522.67$567
Jul 202317323074.852.64$13,557
Jun 202317818468.962.26$12,690
May 2023023070.622.23$512
Apr 202316922178.122.24$13,697
Mar 202316921572.852.39$12,826
Feb 202317419175.112.47$13,540
Jan 202316418576.533.39$13,178
Dec 2022021476.415.73$1,226
Nov 202218119985.005.65$16,509
Oct 202217920287.185.86$16,790
Sep 2022019084.888.16$1,551
Aug 202217620794.529.13$18,525
Jul 2022177187101.587.54$19,390
Jun 2022180214115.097.98$22,423
May 2022182235109.378.43$21,887
Apr 20220161104.226.84$1,101
Mar 202218095108.885.08$20,081
Feb 202216514691.054.86$15,733
Jan 2022018681.844.54$844
Dec 202117817571.323.90$13,377
Nov 202117216477.435.24$14,177
Oct 202117522379.795.71$15,237
Sep 202117418069.865.35$13,119
Aug 202117819366.024.22$12,566
Jul 2021018470.783.98$733
Jun 202117417769.493.38$12,690
May 2021021563.483.02$649
Apr 202118221960.362.76$11,590
Mar 202118121961.302.72$11,690
Feb 20211708957.805.55$10,320
Jan 202117719950.412.81$9,482
Dec 202017624144.642.68$8,501
Nov 202018017838.772.71$7,460
Oct 202017620036.972.48$7,002
Sep 2020018037.091.99$358
Aug 202017518339.982.39$7,433
Jul 202018020638.371.83$7,283
Jun 2020023334.901.69$394
May 202034519416.921.81$6,189
Apr 2020022114.751.80$399
Mar 2020021730.341.86$403
Feb 202016924949.881.98$8,923
Jan 20201816657.252.09$10,501
Dec 201916913559.012.30$10,284
Nov 201917615355.302.75$10,154
Oct 2019014453.472.42$348
Sep 201918116655.052.66$10,405
Aug 201917014353.112.30$9,358
Jul 201917610556.272.46$10,162
Jun 201917715252.782.49$9,721
May 201917117058.482.74$10,466
Apr 201917111262.632.75$11,018
Mar 201917521156.803.06$10,586
Feb 201917612450.852.79$9,296
Jan 20191826446.033.23$8,584
Dec 201817919146.594.19$9,139
Nov 201818613552.934.24$10,417
Oct 2018038061.443.40$1,291
Sep 201817546959.543.11$11,877
Aug 201817624659.403.07$11,209
Jul 201817918565.142.93$12,202
Jun 201817316260.183.08$10,910
May 201816831565.382.90$11,898
Apr 201818340263.842.90$12,849
Mar 201817628861.222.79$11,577
Feb 201817024061.782.77$11,166
Jan 201817826362.874.01$12,245
Dec 201717729157.272.92$10,987
Nov 201718731955.423.12$11,358
Oct 201719536449.292.98$10,698
Sep 2017016547.523.09$509
Aug 20179619945.373.00$4,953
Jul 20179621443.873.09$4,872
Jun 20179415842.493.09$4,482
May 2017015745.373.26$512
Apr 201718518647.933.21$9,464
Mar 2017021246.772.98$633
Feb 20179718750.452.95$5,446
Jan 20179624549.413.42$5,581
Dec 20169517548.763.72$5,284
Nov 20167821242.492.64$3,875
Oct 20161937646.193.09$9,150
Sep 2016020541.553.10$636
Aug 20169612341.442.92$4,338
Jul 20169022241.622.92$4,395
Jun 20169815745.352.69$4,866
May 2016987242.521.99$4,310
Apr 2016010636.561.99$211
Mar 20169721333.011.79$3,584
Feb 20169723626.472.06$3,055
Jan 201618828327.352.36$5,811
Dec 2015984732.362.00$3,265
Nov 201518526638.792.17$7,753
Oct 2015027843.552.43$675
Sep 201518228142.992.76$8,599
Aug 201518127940.162.87$8,070
Jul 201517933148.152.95$9,594
Jun 201518123856.152.88$10,849
May 20159432855.212.96$6,159
Apr 201517324049.822.71$9,268
Mar 201517931942.892.93$8,613
Feb 201527514144.662.98$12,701
Jan 2015029043.433.10$899
Dec 201417839954.693.59$11,168
Nov 201419337270.464.25$15,180
Oct 201416418478.303.90$13,559
Sep 20149731386.164.05$9,624
Aug 201425225789.394.04$23,563
Jul 201418633796.564.18$19,369
Jun 201416828998.164.74$17,860
May 201418038094.734.73$18,847
Apr 201435628295.944.81$35,511
Mar 201417730795.895.06$18,525
Feb 201416431297.406.19$17,906
Jan 201415335390.404.86$15,547
Dec 201331133591.824.35$30,015
Nov 2013027988.853.74$1,043
Oct 201318331597.423.78$19,018
Sep 2013277268104.113.72$29,835
Aug 2013181294104.253.52$19,905
Jul 20130331102.523.72$1,231
Jun 20139831894.403.93$10,502
May 201317026794.834.15$17,229
Apr 201319034093.964.28$19,308
Mar 201335631293.623.91$34,550
Feb 2013025191.233.42$858
Jan 201318133091.603.42$17,708
Dec 201217934386.773.42$16,705
Nov 20129731886.953.62$9,587
Oct 201217633189.383.40$16,856
Sep 2012033294.672.92$969
Aug 201227334792.662.91$26,305
Jul 20129734985.133.02$9,312
Jun 201218034179.822.52$15,227
May 20129827591.612.49$9,662
Apr 2012193312101.652.00$20,241
Mar 2012180307105.052.22$19,591
Feb 2012196307101.102.57$20,605
Jan 20129330798.092.73$9,962
Dec 201137329496.873.24$37,085
Nov 2011034295.723.31$1,132
Oct 201118030384.983.65$16,402
Sep 201117833483.623.99$16,216
Aug 201116734983.404.15$15,376
Jul 201117442094.144.52$18,278
Jun 201116316192.904.64$15,890
May 201136832498.134.40$37,539
Apr 201193137105.964.33$10,448
Mar 201126536496.364.06$27,012
Feb 20119830485.644.18$9,663
Jan 201119535586.504.59$18,497
Dec 20109635085.734.35$9,752
Nov 201028322980.843.80$23,747
Oct 201018236078.103.51$15,477
Sep 201016239072.633.98$13,318
Aug 201025824173.684.42$20,075
Jul 201017922772.554.74$14,062
Jun 2010034170.364.91$1,674
May 201029131171.124.24$22,013
Apr 2010032481.694.12$1,336
Mar 201018330178.394.39$15,666
Feb 201027831073.585.44$22,142
Jan 2010030874.365.96$1,837
Dec 200920128371.445.48$15,911
Nov 20099832074.593.75$8,510
Oct 200919935672.544.11$15,899
Sep 200910027965.543.06$7,409
Aug 200919534967.423.22$14,270
Jul 200919137461.133.46$12,972
Jun 200919733366.163.90$14,331
May 200919735854.743.93$12,189
Apr 200929836646.773.59$15,250
Mar 20099934642.144.06$5,576
Feb 200928125832.814.63$10,415
Jan 20099741235.865.37$5,691
Dec 2008038037.105.98$2,271
Nov 200819938955.496.86$13,711
Oct 200819745375.246.92$17,958
Sep 2008184431101.767.88$22,119
Aug 2008196417114.228.48$25,925
Jul 2008195446131.0811.39$30,640
Jun 2008195410131.3313.03$30,953
May 2008191416123.1711.57$28,340
Apr 2008196414110.3110.45$25,949
Mar 2008291433101.909.66$33,837
Feb 200819343192.538.77$21,638
Jan 200829043290.388.21$29,755
Dec 200719631788.337.30$19,627
Nov 20071971,00291.677.29$25,365
Oct 20072921,07982.856.92$31,661
Sep 20071931,06475.846.24$21,281
Aug 200719899869.066.39$20,049
Jul 20072901,00670.906.39$26,987
Jun 20071911,04962.007.55$19,760
May 20072921,15758.747.85$26,230
Apr 200719484659.617.81$18,168
Mar 200749585556.927.30$34,419
Feb 200710041055.108.22$8,879
Jan 200719846750.306.73$13,101
Dec 200629649456.656.92$20,186
Nov 200620244354.207.62$14,323
Oct 200619747754.906.01$13,684
Sep 200629751960.085.04$20,458
Aug 200629555568.717.34$24,343
Jul 200629253569.376.34$23,649
Jun 200629152466.286.38$22,633
May 200629346866.016.42$22,348
Apr 200628117964.397.36$19,411
Mar 200619414056.707.08$11,991
Feb 200629533157.597.75$19,555
Jan 200629656460.598.93$22,973
Dec 200537454354.9413.42$27,832
Nov 200519851554.6910.59$16,282
Oct 200533060058.3413.80$27,530
Sep 200519621261.4512.08$14,605
Aug 200532660761.519.80$25,999
Jul 200529362055.697.84$21,180
Jun 200529666752.337.38$20,413
May 200529330545.226.65$15,278
Apr 200525116249.207.36$13,542
Mar 200538046150.377.15$22,439
Feb 200530138845.226.31$16,060
Jan 200529634543.166.32$14,957
Dec 200439244739.866.75$18,643
Nov 200429941345.286.33$16,153
Oct 200419051549.706.52$12,798
Sep 200439151443.245.28$19,623
Aug 200429055242.375.55$15,351
Jul 200429165438.286.08$15,119
Jun 200439570936.106.43$18,821
May 200419647637.486.49$10,438
Apr 200419750634.475.86$9,755
Mar 200429852434.365.53$13,137
Feb 200420141732.455.51$8,820
Jan 200419742132.036.30$8,962
Dec 200319051130.266.30$8,970
Nov 200320253828.804.60$8,290
Oct 200319954728.174.76$8,209
Sep 20039955626.314.75$5,245
Aug 200319758829.765.13$8,879
Jul 200319356929.415.17$8,618
Jun 200319858628.565.98$9,161
May 200319865226.595.97$9,159
Apr 20039940326.675.41$4,819
Mar 200319756431.146.10$9,573
Feb 20039950533.487.93$7,317
Jan 200319853130.315.58$8,965
Dec 200220157626.914.85$8,205
Nov 200219952324.664.14$7,071
Oct 200220159326.464.23$7,826
Sep 200220061627.443.64$7,727
Aug 200210157325.963.16$4,435
Jul 200229958624.583.06$9,144
Jun 200218958923.733.34$6,451
May 20029959724.663.58$4,581
Apr 200223359123.653.51$7,586
Mar 200229859722.003.10$8,408
Feb 200219755218.222.38$4,901
Jan 200219650317.172.38$4,560
Dec 200119657016.932.36$4,666
Nov 200130459318.072.41$6,920
Oct 20019664319.782.53$3,525
Sep 200129565724.262.25$8,636
Aug 200119466524.873.05$6,855
Jul 200119167323.933.20$6,722
Jun 200119167624.563.82$7,276
May 200119855125.524.31$7,426
Apr 200120451924.685.34$7,804
Mar 200129748024.545.38$9,869
Feb 200119827927.755.77$7,104
Jan 200118219427.478.40$6,629
Dec 200020530226.889.12$8,265
Nov 200030324232.215.66$11,129
Oct 200019825331.235.15$7,485
Sep 200030127031.875.19$10,993
Aug 200019926229.644.54$7,088
Jul 200030129528.534.09$9,794
Jun 200018929229.304.40$6,822
May 200019327627.263.68$6,277
Apr 200029829424.513.12$8,220
Mar 200029930928.422.86$9,381
Feb 200019629927.622.73$6,229
Jan 200030134125.272.48$8,452
Dec 199928730124.282.42$7,698
Nov 199929637623.192.43$7,779
Oct 199929438320.982.80$7,242
Sep 199929444121.752.62$7,549
Aug 199949339219.262.88$10,622
Jul 199910214917.892.37$2,178
Jun 199910313315.942.36$1,956
May 199920510515.792.32$3,481
Apr 19991069715.102.21$1,815
Mar 199920813412.471.84$2,840
Feb 1999206909.981.82$2,219
Jan 199911038310.381.90$1,869
Dec 199804749.201.77$841
Nov 199830650410.892.19$4,434
Oct 199819759312.421.97$3,614
Sep 199836966312.592.08$6,026
Aug 199817961511.301.91$3,196
Jul 199818556111.742.24$3,427
Jun 1998050211.242.24$1,123
May 199836026012.622.21$5,117
Apr 199836426913.042.51$5,420
Mar 199818526712.802.31$2,985
Feb 199836725513.952.30$5,706
Jan 199835929714.702.15$5,917
Dec 199737029816.322.41$6,757
Nov 199718529418.193.09$4,273
Oct 199736930719.253.15$8,070
Sep 199736927417.742.95$7,356
Aug 199736226817.862.55$7,150
Jul 199737326517.582.25$7,153
Jun 199737428917.242.26$7,100
May 199737226518.972.31$7,669
Apr 199718223217.882.08$3,737
Mar 199718424618.951.94$3,964
Feb 199717422420.492.21$4,059
Jan 1997022123.483.54$782
Dec 199618423623.32$4,291
Nov 199617826121.97$3,911
Oct 199618230623.31$4,242
Sep 199617929922.22$3,977
Aug 199618331920.26$3,708
Jul 199617329919.55$3,382
Jun 199618429918.73$3,446
May 199618132319.43$3,517
Apr 199617931321.51$3,850
Mar 199618226119.38$3,527
Feb 199618427616.98$3,124
Jan 199617927817.07$3,056
Dec 199518116517.19$3,111
Nov 199517626616.00$2,816
Oct 199518127715.43$2,793
Sep 199518127916.18$2,929
Aug 199518030215.92$2,866
Jul 199517928315.24$2,728
Jun 199517830916.41$2,921
May 199518230617.56$3,196
Apr 199518128617.73$3,209
Mar 199518528416.44$3,041
Feb 199517624316.58$2,918
Jan 199518327315.92$2,913
Dec 199417726915.03$2,660
Nov 199418126815.90$2,878
Oct 199418128915.58$2,820
Sep 199418226815.29$2,783
Aug 199435530216.13$5,726
Jul 199417828917.56$3,126
Jun 199417929017.09$3,059
May 199418129715.88$2,874
Apr 199418429414.14$2,602
Mar 199417829112.46$2,218
Feb 199418424912.50$2,300
Jan 199418228612.66$2,304
Dec 199318430412.33$2,269
Nov 199318229614.49$2,637
Oct 199318333315.85$2,901
Sep 199318428215.03$2,766
Aug 199324928715.66$3,899
Jul 199326734315.46$4,128
Jun 199326335516.79$4,416
May 199326037317.68$4,597
Apr 199326935018.05$4,855
Mar 199326832218.14$4,862
Feb 1993027717.90$0
Jan 199326431916.93$4,470

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                  180 bbl  × $106.41 =    $19,154
Casinghead gas       156 Mcf  × $  3.05 =       $475

────────────────────────────────────────────────────
Month total                                  $19,629

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/437 is the state's own key, not one this site invented.