PANHANDLE

Operated by PETCO ENERGY CORPORATION (P-5 657795) 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 489District 10Field 68873001NGPA filingOilCasinghead gasSaveExport
Value, all time
$2.8 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
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
OilDisposition31,001 bbl$2,042,239
Casinghead gasProduction233,834 Mcf$784,903
Total$2,827,142

62,008 Mcf of this lease's gas, across 47 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 35.3591, -101.0205. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

35.35931, -101.02056 · 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
16.7%
1 of 6 wells
With a plug date
16.7%
1 of 6 wells
Median depth
3,184 ft
2 wells filed one
Completion to plug
22.3 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
116.7%
A plug date is filed
116.7%
BothOn the schedule and plugged. Neither fact cancels the other.
116.7%
NeitherNo plug date, and not on the schedule.
583.3%

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 3,068 and 3,300 ft, median 3,184 ft, over the 2 wells that filed a depth.

Completions filed
Jul 1974 – May 2007
2 of 6 wells; 4 filed none
Plug dates filed
Nov 1996
1 of 6 wells; 5 filed none

Last completion to plug: a median of 22.3 years across the 1 well that filed both dates, with the middle half between 22.3 years and 22.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

6 wells

42-17981233C 2
42-179824782
42-179824793
42-179824804
42-1790467913,068 ftMay 2007
42-1793022253,300 ftJul 1974Nov 1996Yes

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 2024179068.993.12$12,349
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 2024159080.301.55$12,768
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 2023167078.122.24$13,046
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 2022170094.529.13$16,068
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 2021173079.795.71$13,804
Sep 20210069.865.35$0
Aug 2021153066.024.22$10,101
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 2020172016.921.81$2,910
Apr 202008714.751.80$157
Mar 20200430.341.86$7
Feb 2020011349.881.98$224
Jan 202018310257.252.09$10,690
Dec 201917311559.012.30$10,474
Nov 2019010355.302.75$283
Oct 201909153.472.42$220
Sep 2019010455.052.66$276
Aug 201917612053.112.30$9,624
Jul 2019011256.272.46$276
Jun 201907252.782.49$179
May 201908658.482.74$236
Apr 201907762.632.75$212
Mar 201904756.803.06$144
Feb 201917619550.852.79$9,494
Jan 2019029646.033.23$956
Dec 2018022646.594.19$946
Nov 201816516652.934.24$9,437
Oct 20180061.443.40$0
Sep 201817222759.543.11$10,946
Aug 2018043159.403.07$1,322
Jul 2018076965.142.93$2,255
Jun 201802060.183.08$62
May 201804465.382.90$128
Apr 201802863.842.90$81
Mar 20183606461.222.79$22,218
Feb 201801361.782.77$36
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 2017182055.423.12$10,086
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 2017170045.373.00$7,713
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 2017171047.933.21$8,196
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 2016169041.622.92$7,034
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 2016182026.472.06$4,818
Jan 201606927.352.36$163
Dec 201506832.362.00$136
Nov 2015011238.792.17$243
Oct 20151796943.552.43$7,963
Sep 201509142.992.76$251
Aug 2015010240.162.87$293
Jul 20150748.152.95$21
Jun 2015177056.152.88$9,939
May 20150455.212.96$12
Apr 2015014549.822.71$392
Mar 201517918942.892.93$8,232
Feb 2015021344.662.98$634
Jan 2015018243.433.10$564
Dec 2014176054.693.59$9,625
Nov 201418326870.464.25$14,034
Oct 2014011778.303.90$456
Sep 201417220586.164.05$15,649
Aug 201418019489.394.04$16,873
Jul 2014022296.564.18$928
Jun 201419713598.164.74$19,977
May 2014012494.734.73$586
Apr 201417515195.944.81$17,516
Mar 201418826895.895.06$19,383
Feb 201418220797.406.19$19,009
Jan 201416818490.404.86$16,082
Dec 201317420091.824.35$16,848
Nov 201335231588.853.74$32,453
Oct 2013026997.423.78$1,017
Sep 2013177290104.113.72$19,506
Aug 2013179259104.253.52$19,573
Jul 201316896102.523.72$17,580
Jun 201317823694.403.93$17,731
May 201335328194.834.15$34,641
Apr 201316922793.964.28$16,851
Mar 20133519593.623.91$33,232
Feb 201318223691.233.42$17,411
Jan 201335727291.603.42$33,631
Dec 201218529586.773.42$17,061
Nov 201236438086.953.62$33,027
Oct 201218323089.383.40$17,138
Sep 201218825294.672.92$18,533
Aug 201217431392.662.91$17,033
Jul 201236035785.133.02$31,725
Jun 201218240279.822.52$15,540
May 201230525291.612.49$28,568
Apr 2012349423101.652.00$36,321
Mar 2012369485105.052.22$39,841
Feb 2012335453101.102.57$35,033
Jan 201218379298.092.73$20,116
Dec 201136450396.873.24$36,890
Nov 201118314595.723.31$17,997
Oct 201154847184.983.65$48,288
Sep 201117643083.623.99$16,431
Aug 201153834083.404.15$46,280
Jul 201136146894.144.52$36,099
Jun 201136041192.904.64$35,351
May 201136342898.134.40$37,506
Apr 2011356193105.964.33$38,558
Mar 201117831896.364.06$18,442
Feb 201118434985.644.18$17,217
Jan 201152348086.504.59$47,442
Dec 201037139085.734.35$33,501
Nov 201037821480.843.80$31,370
Oct 201052439078.103.51$42,293
Sep 201036047572.633.98$28,037
Aug 201055324273.684.42$41,815
Jul 201036123372.554.74$27,294
Jun 201065746970.364.91$48,530
May 201037248671.124.24$28,515
Apr 201054858381.694.12$47,170
Mar 201051263578.394.39$42,922
Feb 201044666273.585.44$36,420
Jan 201052774774.365.96$43,643
Dec 2009060971.445.48$3,340
Nov 200935768574.593.75$29,198
Oct 200935340872.544.11$27,284
Sep 200917718165.543.06$12,155
Aug 200933459767.423.22$24,440
Jul 200916973961.133.46$12,891
Jun 2009067066.163.90$2,610
May 2009057554.743.93$2,257
Apr 2009051046.773.59$1,830
Mar 200917356442.144.06$9,580
Feb 2009049332.814.63$2,284
Jan 2009057335.865.37$3,078
Dec 2008059337.105.98$3,544
Nov 2008060455.496.86$4,144
Oct 2008042575.246.92$2,942
Sep 20080573101.767.88$4,514
Aug 20080422114.228.48$3,580
Jul 20080591131.0811.39$6,731
Jun 2008145468131.3313.03$25,142
May 20080452123.1711.57$5,232
Apr 20080430110.3110.45$4,496
Mar 20080372101.909.66$3,595
Feb 2008041992.538.77$3,675
Jan 2008042490.388.21$3,479
Dec 2007048688.337.30$3,549
Nov 2007041291.677.29$3,004
Oct 2007044182.856.92$3,053
Sep 2007046275.846.24$2,885
Aug 2007049269.066.39$3,143
Jul 2007050070.906.39$3,194
Jun 2007048162.007.55$3,631
May 2007059458.747.85$4,661
Apr 2007020659.617.81$1,608
Mar 2007051856.927.30$3,782
Feb 2007049755.108.22$4,083
Jan 2007057050.306.73$3,834
Dec 2006056056.656.92$3,874
Nov 2006053854.207.62$4,098
Oct 200615345954.906.01$11,160
Sep 2006023260.085.04$1,169
Aug 2006034168.717.34$2,503
Jul 20061826569.376.34$2,929
Jun 2006033366.286.38$2,126
May 2006041066.016.42$2,634
Apr 2006039164.397.36$2,878
Mar 2006033656.707.08$2,380
Feb 2006052157.597.75$4,038
Jan 2006072260.598.93$6,450
Dec 20050054.9413.42$0
Nov 2005092654.6910.59$9,805
Oct 200501,23358.3413.80$17,010
Sep 2005035061.4512.08$4,228
Aug 20051871,10161.519.80$22,289
Jul 200501,20555.697.84$9,452
Jun 20051851,25152.337.38$18,915
May 200501,21845.226.65$8,101
Apr 20051771,26949.207.36$18,049
Mar 200501,24950.377.15$8,936
Feb 20051671,22245.226.31$15,265
Jan 200501,33543.166.32$8,440
Dec 200401,30639.866.75$8,817
Nov 200401,30545.286.33$8,261
Oct 20041781,41249.706.52$18,046
Sep 200401,41743.245.28$7,487
Aug 200401,33942.375.55$7,432
Jul 20041731,55838.286.08$16,102
Jun 200401,33936.106.43$8,614
May 20041851,70637.486.49$18,014
Apr 200401,93934.475.86$11,360
Mar 200401,01334.365.53$5,602
Feb 200418284532.455.51$10,562
Jan 2004092332.036.30$5,815
Dec 20038588430.266.30$8,143
Nov 200301,02628.804.60$4,715
Oct 20031721,02028.174.76$9,700
Sep 2003731,15926.314.75$7,425
Aug 200301,04829.765.13$5,376
Jul 200301,03729.415.17$5,362
Jun 200301,01728.565.98$6,085
May 200301,15126.595.97$6,875
Apr 200318074726.675.41$8,840
Mar 200301,11131.146.10$6,773
Feb 200301,08533.487.93$8,600
Jan 200301,38130.315.58$7,709
Dec 2002082126.914.85$3,985
Nov 200201,09024.664.14$4,509
Oct 200201,23326.464.23$5,215
Sep 20021721,22727.443.64$9,180
Aug 200201,16825.963.16$3,696
Jul 200201,13724.583.06$3,481
Jun 2002097423.733.34$3,251
May 20021811,11524.663.58$8,460
Apr 200201,06523.653.51$3,741
Mar 200201,19822.003.10$3,717
Feb 200201,11718.222.38$2,654
Jan 200201,26417.172.38$3,003
Dec 20011841,26816.932.36$6,113
Nov 200101,24318.072.41$2,990
Oct 200101,33719.782.53$3,381
Sep 20011881,32624.262.25$7,546
Aug 200101,35524.873.05$4,137
Jul 200101,44923.933.20$4,633
Jun 2001091324.563.82$3,491
May 200101,14325.524.31$4,923
Apr 20011841,13924.685.34$10,618
Mar 200101,36624.545.38$7,344
Feb 20011841,21627.755.77$12,119
Jan 200101,38327.478.40$11,615
Dec 200001,12526.889.12$10,263
Nov 200001,46532.215.66$8,289
Oct 20001801,12031.235.15$11,384
Sep 200001,14231.875.19$5,923
Aug 200001,06829.644.54$4,850
Jul 200001,09128.534.09$4,462
Jun 200001,04729.304.40$4,604
May 20001781,07427.263.68$8,804
Apr 200001,08924.513.12$3,393
Mar 200001,12228.422.86$3,209
Feb 200001,04227.622.73$2,841
Jan 200001,13025.272.48$2,803
Dec 19991811,15924.282.42$7,204
Nov 19990023.192.43$0
Oct 199901,21220.982.80$3,398
Sep 199901,35421.752.62$3,546
Aug 199901,81919.262.88$5,231
Jul 1999058517.892.37$1,388
Jun 199917859015.942.36$4,231
May 1999050615.792.32$1,174
Apr 1999097015.102.21$2,142
Mar 199901,17712.471.84$2,164
Feb 199909329.981.82$1,694
Jan 199917197010.381.90$3,618
Dec 199801,1039.201.77$1,956
Nov 199801,08610.892.19$2,374
Oct 199801,12412.421.97$2,213
Sep 19981681,08912.592.08$4,383
Aug 199801,21411.301.91$2,316
Jul 19981851,23311.742.24$4,930
Jun 199801,18611.242.24$2,653
May 199801,17612.622.21$2,595
Apr 19981751,16313.042.51$5,196
Mar 199801,29712.802.31$2,995
Feb 19981821,09013.952.30$5,045
Jan 199801,26414.702.15$2,724
Dec 199701,25816.322.41$3,033
Nov 19971751,20118.193.09$6,892
Oct 199701,29019.253.15$4,063
Sep 199701,21017.742.95$3,575
Aug 19971811,32617.862.55$6,620
Jul 199701,31117.582.25$2,946
Jun 199701,24217.242.26$2,803
May 19971741,10118.972.31$5,842
Apr 199701,30817.882.08$2,724
Mar 199701,44418.951.94$2,800
Feb 19971741,35620.492.21$6,556
Jan 199701,63723.483.54$5,794
Dec 199601,42423.32$0
Nov 199601,46221.97$0
Oct 19961741,51723.31$4,056
Sep 199601,47022.22$0
Aug 199601,46520.26$0
Jul 19961811,59319.55$3,539
Jun 199601,29418.73$0
May 199601,30019.43$0
Apr 19961781,23221.51$3,829
Mar 199601,29619.38$0
Feb 19961741,19516.98$2,955
Jan 199601,37117.07$0
Dec 199501,24317.19$0
Nov 19951681,29216.00$2,688
Oct 199501,29315.43$0
Sep 199501,32116.18$0
Aug 19951781,32915.92$2,834
Jul 199501,17115.24$0
Jun 199501,17416.41$0
May 19951821,35517.56$3,196
Apr 199501,35117.73$0
Mar 199501,60116.44$0
Feb 19950016.58$0
Jan 199517570415.92$2,786
Dec 199401,10915.03$0
Nov 199401,09115.90$0
Oct 19941751,24915.58$2,727
Sep 199401,20515.29$0
Aug 199401,27916.13$0
Jul 19941801,37817.56$3,161
Jun 199401,39117.09$0
May 199401,56015.88$0
Apr 19941631,49514.14$2,305
Mar 199401,62512.46$0
Feb 199401,62712.50$0
Jan 1994075912.66$0
Dec 1993099412.33$0
Nov 19931611,02214.49$2,333
Oct 1993081115.85$0
Sep 199301,00315.03$0
Aug 199301,28615.66$0
Jul 199301,12315.46$0
Jun 19931751,62016.79$2,938
May 199301,71617.68$0
Apr 19931771,54518.05$3,195
Mar 199301,62018.14$0
Feb 19931741,43217.90$3,115
Jan 199301,61516.93$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.

Dec 2024 — as filed, then multipliedworked
Oil                  179 bbl  × $ 68.99 =    $12,349
Casinghead gas         0 Mcf  × $  3.12 =         $0

────────────────────────────────────────────────────
Month total                                  $12,349

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/489 is the state's own key, not one this site invented.