MORSE, J. S. -B-

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 438District 10Field 68873001NGPA filingOilCasinghead gasSaveExport
Value, all time
$1.5 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 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
NGPA4none

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
OilDisposition25,501 bbl$1,318,282
Casinghead gasProduction58,701 Mcf$221,384
Total$1,539,666

10,062 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 35.3919, -100.6792. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

35.39191, -100.67921 · 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
75.0%
3 of 4 wells
With a plug date
75.0%
3 of 4 wells
Median depth
2,824 ft
4 wells filed one
Completion to plug
77.6 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
375.0%
A plug date is filed
375.0%
BothOn the schedule and plugged. Neither fact cancels the other.
375.0%
NeitherNo plug date, and not on the schedule.
125.0%

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 2,801 and 2,930 ft, median 2,824 ft, over the 4 wells that filed a depth.

Completions filed
May 1939 – Sep 1999
4 of 4 wells
Plug dates filed
May 1995 – Oct 2024
3 of 4 wells; 1 filed none

Last completion to plug: a median of 77.6 years across the 3 wells that filed both dates, with the middle half between 66.8 years and 81.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-1790407312,930 ftSep 1999
42-1790407442,820 ftDec 1941Jul 2019Yes
42-1790407032,828 ftJul 1939Oct 2024Yes
42-1790406922,801 ftMay 1939May 1995Yes

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 2024931684.451.66$7,880
Mar 2024933180.301.55$7,516
Feb 202494376.091.78$7,158
Jan 202401273.023.30$40
Dec 2023921771.262.61$6,600
Nov 2023931777.892.81$7,292
Oct 2023921585.443.09$7,907
Sep 20230789.042.74$19
Aug 2023912780.522.67$7,399
Jul 2023921774.852.64$6,931
Jun 202301168.962.26$25
May 2023851670.622.23$6,038
Apr 2023941778.122.24$7,381
Mar 2023911572.852.39$6,665
Feb 2023881575.112.47$6,647
Jan 2023941776.533.39$7,251
Dec 2022932576.415.73$7,249
Nov 202201585.005.65$85
Oct 2022922187.185.86$8,144
Sep 202201284.888.16$98
Aug 202202594.529.13$228
Jul 20220230101.587.54$1,735
Jun 20220284115.097.98$2,266
May 20220323109.378.43$2,724
Apr 20220114104.226.84$779
Mar 2022024108.885.08$122
Feb 2022927891.054.86$8,756
Jan 2022017981.844.54$812
Dec 2021028571.323.90$1,111
Nov 20219124477.435.24$8,324
Oct 20218924979.795.71$8,524
Sep 2021933569.865.35$6,684
Aug 2021019066.024.22$802
Jul 202106670.783.98$263
Jun 2021026169.493.38$882
May 20219221163.483.02$6,477
Apr 2021935260.362.76$5,757
Mar 2021934061.302.72$5,810
Feb 202102857.805.55$155
Jan 2021902350.412.81$4,602
Dec 2020912644.642.68$4,132
Nov 202001438.772.71$38
Oct 2020892636.972.48$3,355
Sep 2020010537.091.99$209
Aug 2020909239.982.39$3,818
Jul 202011819038.371.83$4,874
Jun 2020014734.901.69$248
May 20201763516.921.81$3,041
Apr 20200714.751.80$13
Mar 20200330.341.86$6
Feb 2020902449.881.98$4,537
Jan 2020898857.252.09$5,280
Dec 201903459.012.30$78
Nov 20199212055.302.75$5,418
Oct 2019906353.472.42$4,965
Sep 201906055.052.66$159
Aug 2019901953.112.30$4,824
Jul 201991456.272.46$5,130
Jun 2019021952.782.49$546
May 20199342958.482.74$6,614
Apr 20199332262.632.75$6,710
Mar 2019055256.803.06$1,690
Feb 20199435950.852.79$5,782
Jan 20199420646.033.23$4,992
Dec 20189215646.594.19$4,939
Nov 20189310852.934.24$5,380
Oct 2018022261.443.40$754
Sep 2018027659.543.11$858
Aug 20189217459.403.07$5,998
Jul 20189225065.142.93$6,726
Jun 20189230660.183.08$6,478
May 20180865.382.90$23
Apr 20189419563.842.90$6,567
Mar 201819134361.222.79$12,649
Feb 2018031561.782.77$871
Jan 2018010262.874.01$409
Dec 20179621157.272.92$6,114
Nov 2017020155.423.12$627
Oct 2017978749.292.98$5,041
Sep 20179714247.523.09$5,048
Aug 2017011745.373.00$352
Jul 20179713243.873.09$4,663
Jun 2017972342.493.09$4,193
May 20170445.373.26$13
Apr 20172891247.933.21$13,890
Mar 2017011746.772.98$349
Feb 2017011650.452.95$343
Jan 201708049.413.42$274
Dec 201607648.763.72$283
Nov 20169511942.492.64$4,351
Oct 2016979546.193.09$4,774
Sep 20168411741.553.10$3,853
Aug 201609741.442.92$284
Jul 201618812841.622.92$8,199
Jun 2016978645.352.69$4,630
May 20161773942.521.99$7,604
Apr 201606136.561.99$121
Mar 2016014133.011.79$253
Feb 2016884226.472.06$2,416
Jan 20169516127.352.36$2,979
Dec 201508332.362.00$166
Nov 20159512938.792.17$3,965
Oct 2015015743.552.43$381
Sep 201515815642.992.76$7,223
Aug 2015013740.162.87$394
Jul 20159416648.152.95$5,015
Jun 2015011256.152.88$323
May 201517716655.212.96$10,263
Apr 2015011949.822.71$322
Mar 20159317842.892.93$4,511
Feb 201517212844.662.98$8,062
Jan 201504443.433.10$136
Dec 2014015054.693.59$539
Nov 20149415970.464.25$7,299
Oct 2014907178.303.90$7,324
Sep 20149512386.164.05$8,683
Aug 2014944189.394.04$8,568
Jul 20149416096.564.18$9,745
Jun 201409698.164.74$455
May 201418714194.734.73$18,381
Apr 201403895.944.81$183
Mar 201436013395.895.06$35,193
Feb 201404997.406.19$303
Jan 2014013490.404.86$651
Dec 2013011491.824.35$496
Nov 201308188.853.74$303
Oct 201317214397.423.78$17,297
Sep 20130150104.113.72$558
Aug 2013178158104.253.52$19,113
Jul 20130139102.523.72$517
Jun 20139414494.403.93$9,440
May 2013010094.834.15$415
Apr 2013954793.964.28$9,127
Mar 20139711493.623.91$9,527
Feb 2013012191.233.42$414
Jan 201317214191.603.42$16,237
Dec 2012015186.773.42$516
Nov 20128916086.953.62$8,319
Oct 20129616589.383.40$9,141
Sep 20129516594.672.92$9,475
Aug 20129611192.662.91$9,218
Jul 20129511485.133.02$8,432
Jun 20129315079.822.52$7,801
May 2012014291.612.49$353
Apr 201297173101.652.00$10,206
Mar 201296186105.052.22$10,498
Feb 201294175101.102.57$9,953
Jan 2012968898.092.73$9,657
Dec 2011977796.873.24$9,646
Nov 201101695.723.31$53
Oct 2011971584.983.65$8,298
Sep 2011951783.623.99$8,012
Aug 201105883.404.15$241
Jul 20119518094.144.52$9,756
Jun 20118310692.904.64$8,203
May 20119615498.134.40$10,099
Apr 20119566105.964.33$10,352
Mar 20119813796.364.06$9,999
Feb 201118110685.644.18$15,944
Jan 2011018886.504.59$863
Dec 201018214285.734.35$16,220
Nov 2010011780.843.80$444
Oct 20109516678.103.51$8,002
Sep 2010019972.633.98$792
Aug 20101909773.684.42$14,428
Jul 2010968572.554.74$7,367
Jun 2010010670.364.91$521
May 20101809671.124.24$13,208
Apr 2010010581.694.12$433
Mar 20101809478.394.39$14,523
Feb 2010969773.585.44$7,592
Jan 201009974.365.96$590
Dec 20099916071.445.48$7,950
Nov 20099717174.593.75$7,877
Oct 20099717872.544.11$7,768
Sep 20099610065.543.06$6,598
Aug 20099613767.423.22$6,913
Jul 200906461.133.46$222
Jun 200907966.163.90$308
May 2009010854.743.93$424
Apr 2009012046.773.59$431
Mar 2009014642.144.06$593
Feb 2009013732.814.63$635
Jan 2009013635.865.37$730
Dec 2008013737.105.98$819
Nov 2008013155.496.86$899
Oct 2008015575.246.92$1,073
Sep 200895157101.767.88$10,904
Aug 200896202114.228.48$12,679
Jul 200897180131.0811.39$14,765
Jun 20080182131.3313.03$2,372
May 200887180123.1711.57$12,799
Apr 200894216110.3110.45$12,627
Mar 200894178101.909.66$11,299
Feb 200817216692.538.77$17,371
Jan 2008024590.388.21$2,010
Dec 2007022088.337.30$1,606
Nov 20079718091.677.29$10,205
Oct 20079819782.856.92$9,483
Sep 20079431375.846.24$9,083
Aug 20079831269.066.39$8,761
Jul 20079619370.906.39$8,039
Jun 2007018462.007.55$1,389
May 200718720658.747.85$12,601
Apr 2007027059.617.81$2,107
Mar 200718128456.927.30$12,376
Feb 200705655.108.22$460
Jan 20077219050.306.73$4,900
Dec 20069223356.656.92$6,824
Nov 20060054.207.62$0
Oct 20069920854.906.01$6,686
Sep 20069927160.085.04$7,313
Aug 200610028468.717.34$8,956
Jul 20069423869.376.34$8,030
Jun 20069622366.286.38$7,786
May 20069929566.016.42$8,430
Apr 200612619864.397.36$9,571
Mar 20069415856.707.08$6,449
Feb 200618726057.597.75$12,785
Jan 20069626760.598.93$8,202
Dec 200510025754.9413.42$8,942
Nov 20059722454.6910.59$7,677
Oct 20059729758.3413.80$9,756
Sep 20059912161.4512.08$7,545
Aug 20058630861.519.80$8,307
Jul 20059830955.697.84$7,881
Jun 20059827652.337.38$7,166
May 2005967545.226.65$4,840
Apr 20059711449.207.36$5,611
Mar 20059527650.377.15$6,760
Feb 20059625345.226.31$5,938
Jan 20059927343.166.32$5,999
Dec 200418628939.866.75$9,365
Nov 200401245.286.33$76
Oct 20041011149.706.52$5,091
Sep 2004577643.245.28$2,866
Aug 20049417442.375.55$4,949
Jul 20049825438.286.08$5,297
Jun 20049921936.106.43$4,983
May 20049619437.486.49$4,858
Apr 20049822534.475.86$4,696
Mar 20049923534.365.53$4,701
Feb 200417422132.455.51$6,864
Jan 2004025932.036.30$1,632
Dec 200310127330.266.30$4,777
Nov 200310127528.804.60$4,172
Oct 200310330928.174.76$4,372
Sep 20039330526.314.75$3,895
Aug 20039833129.765.13$4,614
Jul 200319435329.415.17$7,531
Jun 20039932328.565.98$4,760
May 2003010126.595.97$603
Apr 2003023126.675.41$1,249
Mar 200310136331.146.10$5,358
Feb 200310035533.487.93$6,162
Jan 200318236830.315.58$7,571
Dec 200210040826.914.85$4,671
Nov 200210140424.664.14$4,162
Oct 200219825026.464.23$6,296
Sep 20020827.443.64$29
Aug 200210038225.963.16$3,805
Jul 200219745724.583.06$6,241
Jun 200219211523.733.34$4,940
May 200228818424.663.58$7,762
Apr 200294023.653.51$2,223
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 20010024.563.82$0
May 20010125.524.31$4
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 200039025.272.48$986
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 1999014321.752.62$375
Aug 199910616919.262.88$2,528
Jul 199910437317.892.37$2,745
Jun 199910439015.942.36$2,579
May 199910235515.792.32$2,435
Apr 199910239315.102.21$2,408
Mar 199910645312.471.84$2,155
Feb 19991833639.981.82$2,486
Jan 1999038510.381.90$731
Dec 199803609.201.77$638
Nov 199810250110.892.19$2,206
Oct 199810356412.421.97$2,390
Sep 199817655212.592.08$3,365
Aug 199817655011.301.91$3,038
Jul 1998068011.742.24$1,521
Jun 1998029611.242.24$662
May 1998016212.622.21$357
Apr 199818315013.042.51$2,762
Mar 1998012312.802.31$284
Feb 19980913.952.30$21
Jan 199818316914.702.15$3,054
Dec 199706416.322.41$154
Nov 19970018.193.09$0
Oct 199704219.253.15$132
Sep 199718118317.742.95$3,752
Aug 1997020217.862.55$516
Jul 1997022717.582.25$510
Jun 199718125117.242.26$3,687
May 1997017218.972.31$397
Apr 199718522317.882.08$3,772
Mar 1997022518.951.94$436
Feb 199717716420.492.21$3,989
Jan 1997019823.483.54$701
Dec 1996019723.32$0
Nov 199618323121.97$4,021
Oct 1996023323.31$0
Sep 199618021522.22$4,000
Aug 1996022220.26$0
Jul 1996022419.55$0
Jun 199618120018.73$3,390
May 1996022419.43$0
Apr 199618118021.51$3,893
Mar 1996014419.38$0
Feb 199618115116.98$3,073
Jan 1996014817.07$0
Dec 1995020717.19$0
Nov 199518116816.00$2,896
Oct 1995019215.43$0
Sep 199518020016.18$2,912
Aug 1995021015.92$0
Jul 199518019715.24$2,743
Jun 1995020516.41$0
May 199518219417.56$3,196
Apr 199501817.73$0
Mar 1995015616.44$0
Feb 1995013616.58$0
Jan 199517422315.92$2,770
Dec 1994020515.03$0
Nov 1994022515.90$0
Oct 199418322115.58$2,851
Sep 1994019015.29$0
Aug 199418123116.13$2,920
Jul 1994022617.56$0
Jun 1994023917.09$0
May 199418124815.88$2,874
Apr 1994018414.14$0
Mar 1994019712.46$0
Feb 199417519612.50$2,188
Jan 1994022512.66$0
Dec 199318023212.33$2,219
Nov 1993018814.49$0
Oct 1993024815.85$0
Sep 199318315415.03$2,750
Aug 1993021315.66$0
Jul 1993028215.46$0
Jun 199318629816.79$3,123
May 1993031717.68$0
Apr 199318226618.05$3,285
Mar 1993028218.14$0
Feb 1993026417.90$0
Jan 199318325616.93$3,098

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.

Apr 2024 — as filed, then multipliedworked
Oil                   93 bbl  × $ 84.45 =     $7,854
Casinghead gas        16 Mcf  × $  1.66 =        $27

────────────────────────────────────────────────────
Month total                                   $7,880

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/438 is the state's own key, not one this site invented.