NEST EGG

Operated by GRAVES OPERATING, LLC (P-5 325799) in the FALCON (MORROW, UPPER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 4998District 10Field 30079300NGPA 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 5 leases and 5 wells, and the rule below applies to all of them.

Discovered
1981-10-22
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,867 ft
minimum
From a lease line
933 ft
minimum

A drilling unit in this field needs at least 160 acres.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA EFF. 5-1-82 PER AMENDMENT TO SWR 28 & 29

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
OilDisposition27,357 bbl$1,225,896
Casinghead gasProduction80,289 Mcf$297,990
Total$1,523,886

20,588 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 (1)

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 36.3825, -100.6897. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.38248, -100.68967 · 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%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
8,300 ft
1 wells filed one
Completion to plug
36.8 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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

The one well that filed a depth was drilled to 8,300 ft.

Completions filed
Jan 1982
1 of 1 wells
Plug dates filed
Nov 2018
1 of 1 wells

Last completion to plug: a median of 36.8 years across the 1 well that filed both dates, with the middle half between 36.8 years and 36.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-3573120018,300 ftJan 1982Nov 2018Yes

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 2015193042.892.93$8,278
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 2014195070.464.25$13,740
Oct 20140078.303.90$0
Sep 2014191086.164.05$16,457
Aug 2014379089.394.04$33,879
Jul 2014191096.564.18$18,443
Jun 2014185098.164.74$18,160
May 2014380094.734.73$35,997
Apr 2014188095.944.81$18,037
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 2013191088.853.74$16,970
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 201219563101.102.57$19,876
Jan 2012024498.092.73$667
Dec 201120025896.873.24$20,210
Nov 2011022395.723.31$738
Oct 201119532184.983.65$17,742
Sep 2011035283.623.99$1,403
Aug 201119136183.404.15$17,427
Jul 201119334594.144.52$19,727
Jun 201119415692.904.64$18,746
May 2011018498.134.40$810
Apr 2011048105.964.33$208
Mar 201119316196.364.06$19,251
Feb 201118414785.644.18$16,372
Jan 2011029386.504.59$1,345
Dec 201019628185.734.35$18,025
Nov 2010035280.843.80$1,336
Oct 201019736078.103.51$16,649
Sep 2010030272.633.98$1,202
Aug 201019337473.684.42$15,873
Jul 2010037572.554.74$1,776
Jun 201019232570.364.91$15,105
May 2010032171.124.24$1,360
Apr 201019131981.694.12$16,918
Mar 201018933278.394.39$16,273
Feb 2010028673.585.44$1,557
Jan 201018734774.365.96$15,975
Dec 2009040771.445.48$2,232
Nov 200919339574.593.75$15,878
Oct 2009041272.544.11$1,693
Sep 200919340165.543.06$13,878
Aug 2009041067.423.22$1,320
Jul 200919542561.133.46$13,393
Jun 200919540766.163.90$14,486
May 200919442354.743.93$12,280
Apr 200919633546.773.59$10,369
Mar 2009034742.144.06$1,408
Feb 2009030432.814.63$1,408
Jan 2009031635.865.37$1,697
Dec 2008029137.105.98$1,739
Nov 200819539255.496.86$13,510
Oct 200819343875.246.92$17,553
Sep 2008193441101.767.88$23,113
Aug 20080455114.228.48$3,860
Jul 2008191430131.0811.39$29,934
Jun 2008196421131.3313.03$31,227
May 20080377123.1711.57$4,364
Apr 2008190454110.3110.45$25,705
Mar 2008190472101.909.66$23,922
Feb 200816444092.538.77$19,034
Jan 2008046790.388.21$3,832
Dec 2007036088.337.30$2,629
Nov 200718611791.677.29$17,904
Oct 2007031682.856.92$2,187
Sep 200718343675.846.24$16,601
Aug 2007039069.066.39$2,491
Jul 200718143670.906.39$15,618
Jun 200719139962.007.55$14,854
May 2007022058.747.85$1,726
Apr 200735936459.617.81$24,241
Mar 2007037456.927.30$2,731
Feb 2007032655.108.22$2,678
Jan 200717340350.306.73$11,413
Dec 200617640756.656.92$12,786
Nov 200618133554.207.62$12,362
Oct 2006039554.906.01$2,375
Sep 200617840360.085.04$12,724
Aug 200617843068.717.34$15,387
Jul 2006044169.376.34$2,797
Jun 200617743766.286.38$14,521
May 200618743866.016.42$15,158
Apr 200618239264.397.36$14,604
Mar 200618421356.707.08$11,941
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 200504954.9413.42$657
Nov 200519030554.6910.59$13,621
Oct 200518431858.3413.80$15,122
Sep 2005031061.4512.08$3,744
Aug 200519337861.519.80$15,575
Jul 200538537555.697.84$24,382
Jun 2005036052.337.38$2,657
May 2005036645.226.65$2,434
Apr 2005033849.207.36$2,488
Mar 200537730050.377.15$21,136
Feb 200505345.226.31$335
Jan 2005011843.166.32$746
Dec 2004032839.866.75$2,214
Nov 2004032545.286.33$2,057
Oct 200438435449.706.52$21,391
Sep 2004035043.245.28$1,849
Aug 2004033042.375.55$1,832
Jul 200419130638.286.08$9,173
Jun 2004034936.106.43$2,245
May 200437328637.486.49$15,837
Apr 2004033734.475.86$1,974
Mar 2004033234.365.53$1,836
Feb 200438431832.455.51$14,213
Jan 2004031232.036.30$1,965
Dec 200318615530.266.30$6,605
Nov 2003020828.804.60$956
Oct 200318920028.174.76$6,276
Sep 2003030826.314.75$1,463
Aug 2003034429.765.13$1,765
Jul 200318810729.415.17$6,082
Jun 2003025228.565.98$1,508
May 2003033226.595.97$1,983
Apr 2003031226.675.41$1,687
Mar 200337522131.146.10$13,025
Feb 20030033.487.93$0
Jan 2003023230.315.58$1,295
Dec 2002031126.914.85$1,510
Nov 200219134424.664.14$6,133
Oct 2002036326.464.23$1,535
Sep 2002031427.443.64$1,141
Aug 200218928625.963.16$5,811
Jul 2002038024.583.06$1,163
Jun 200218835523.733.34$5,646
May 2002037924.663.58$1,358
Apr 200218735523.653.51$5,669
Mar 200219034822.003.10$5,260
Feb 2002026818.222.38$637
Jan 200218833917.172.38$4,033
Dec 2001036316.932.36$858
Nov 200119036518.072.41$4,311
Oct 2001037719.782.53$953
Sep 200118838324.262.25$5,423
Aug 2001040024.873.05$1,221
Jul 200137637923.933.20$10,209
Jun 2001031424.563.82$1,201
May 2001039025.524.31$1,680
Apr 200137935624.685.34$11,253
Mar 2001038424.545.38$2,065
Feb 2001033727.755.77$1,944
Jan 2001033927.478.40$2,847
Dec 200018837126.889.12$8,438
Nov 2000040632.215.66$2,297
Oct 2000042231.235.15$2,171
Sep 200018841031.875.19$8,118
Aug 2000042829.644.54$1,943
Jul 200037442028.534.09$12,388
Jun 2000027029.304.40$1,187
May 2000038527.263.68$1,417
Apr 200019237424.513.12$5,871
Mar 2000038028.422.86$1,087
Feb 2000032527.622.73$886
Jan 200018833525.272.48$5,582
Dec 199937930924.282.42$9,951
Nov 1999039223.192.43$954
Oct 199918939920.982.80$5,084
Sep 19991886421.752.62$4,257
Aug 1999029019.262.88$834
Jul 1999032317.892.37$766
Jun 199918237515.942.36$3,787
May 1999031815.792.32$738
Apr 199918435115.102.21$3,553
Mar 1999036112.471.84$664
Feb 19991813069.981.82$2,363
Jan 199918132210.381.90$2,491
Dec 199803449.201.77$610
Nov 1998039910.892.19$872
Oct 199818641312.421.97$3,123
Sep 199819040012.592.08$3,225
Aug 1998040411.301.91$771
Jul 199818226811.742.24$2,736
Jun 1998028711.242.24$642
May 199818036912.622.21$3,086
Apr 199818433713.042.51$3,244
Mar 1998033212.802.31$767
Feb 1998029913.952.30$687
Jan 199819032414.702.15$3,491
Dec 199718033616.322.41$3,748
Nov 1997033618.193.09$1,038
Oct 199718535519.253.15$4,679
Sep 1997034917.742.95$1,031
Aug 199718033717.862.55$4,076
Jul 1997036717.582.25$825
Jun 1997035617.242.26$804
May 199718235518.972.31$4,272
Apr 1997028917.882.08$602
Mar 199719032218.951.94$4,225
Feb 1997031820.492.21$701
Jan 199718535023.483.54$5,583
Dec 1996023423.32$0
Nov 1996028021.97$0
Oct 1996015423.31$0
Sep 199617718022.22$3,933
Aug 1996026420.26$0
Jul 199617724419.55$3,460
Jun 1996016718.73$0
May 199617719219.43$3,439
Apr 1996014321.51$0
Mar 199617813519.38$3,450
Feb 1996012616.98$0
Jan 199618112417.07$3,090
Dec 1995013017.19$0
Nov 199517614116.00$2,816
Oct 1995017715.43$0
Sep 199518216316.18$2,945
Aug 1995016215.92$0
Jul 199517414615.24$2,652
Jun 199517112516.41$2,806
May 1995010517.56$0
Apr 19951809617.73$3,191
Mar 1995018516.44$0
Feb 1995017416.58$0
Jan 199517918915.92$2,850
Dec 1994012615.03$0
Nov 199417535415.90$2,783
Oct 1994034515.58$0
Sep 199419835715.29$3,027
Aug 199418095516.13$2,903
Jul 199418176417.56$3,178
Jun 199418170517.09$3,093
May 19942841,04915.88$4,510
Apr 199436272114.14$5,119
Mar 199417981912.46$2,230
Feb 199419073112.50$2,375
Jan 199417876912.66$2,253
Dec 1993077612.33$0
Nov 199337278714.49$5,390
Oct 1993083615.85$0
Sep 199338180215.03$5,726
Aug 199318485115.66$2,881
Jul 199337688315.46$5,813
Jun 1993052716.79$0
May 199318262917.68$3,218
Apr 199318565918.05$3,339
Mar 199318069618.14$3,265
Feb 199318566817.90$3,312
Jan 199318274316.93$3,081

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.

Mar 2015 — as filed, then multipliedworked
Oil                  193 bbl  × $ 42.89 =     $8,278
Casinghead gas         0 Mcf  × $  2.93 =         $0

────────────────────────────────────────────────────
Month total                                   $8,278

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/4998 is the state's own key, not one this site invented.