PERCIVAL, LEE CADY

Operated by BLACK RESOURCES (P-5 100503) in the PANHANDLE CARSON COUNTY FIELD field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 50District 10Field 68845001NGPA filingOilCasinghead gasSaveExport
Value, all time
$3.1 M
Jan 1993 – May 2026
Value, last 12 filed months
$68 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 580 leases and 3,796 wells, and the rule below applies to all of them.

Discovered
1921-12-31
as the register files it
Field class
Oil and gas
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 40 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
NGPA2none

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
OilDisposition67,646 bbl$2,936,744
Casinghead gasProduction53,406 Mcf$193,127
Total$3,129,872

8,224 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 35.5420, -101.0990. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

35.54297, -101.09870 · 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
40.0%
2 of 5 wells
With a plug date
40.0%
2 of 5 wells
Median depth
3,239 ft
2 wells filed one
Completion to plug
66.1 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
240.0%
A plug date is filed
240.0%
BothOn the schedule and plugged. Neither fact cancels the other.
240.0%
NeitherNo plug date, and not on the schedule.
360.0%

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 3,155 and 3,323 ft, median 3,239 ft, over the 2 wells that filed a depth.

Completions filed
Jul 1930
1 of 5 wells; 4 filed none
Plug dates filed
Apr 1986 – Aug 1996
2 of 5 wells; 3 filed none

Last completion to plug: a median of 66.1 years across the 1 well that filed both dates, with the middle half between 66.1 years and 66.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells

42-065029871W3,155 ftApr 1986Yes
42-065030104
42-065030115
42-065806872
42-0650300433,323 ftJul 1930Aug 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 202682098.932.87$8,112
Mar 202699089.753.15$8,885
Feb 202664063.503.75$4,064
Jan 2026183059.138.00$10,821
Dec 202509356.664.41$410
Nov 20251839058.593.93$11,075
Oct 202509359.383.30$307
Sep 20251779062.743.08$11,382
Aug 202509363.933.01$280
Jul 20251829366.743.32$12,455
Jun 202509066.483.13$282
May 20251829360.553.23$11,321
Apr 202509062.363.54$319
Mar 20251799367.704.27$12,515
Feb 202508470.884.34$365
Jan 20251829374.324.28$13,924
Dec 202409368.993.12$290
Nov 20241859069.052.20$12,972
Oct 202409371.372.28$212
Sep 20241769069.612.36$12,464
Aug 20241829375.632.06$13,957
Jul 202409379.932.15$200
Jun 20241829078.082.63$14,448
May 202409378.812.20$204
Apr 20241739084.451.66$14,759
Mar 202409380.301.55$144
Feb 20241838776.091.78$14,080
Jan 202409373.023.30$307
Dec 20231809371.262.61$13,070
Nov 202309077.892.81$253
Oct 20231799385.443.09$15,581
Sep 202309089.042.74$246
Aug 20231809380.522.67$14,742
Jul 20231829374.852.64$13,868
Jun 202309068.962.26$203
May 20231709370.622.23$12,213
Apr 202309078.122.24$201
Mar 20231799372.852.39$13,263
Feb 202308475.112.47$207
Jan 20231869376.533.39$14,550
Dec 202209376.415.73$533
Nov 20221869085.005.65$16,318
Oct 202209387.185.86$545
Sep 202209084.888.16$735
Aug 202209394.529.13$849
Jul 202217293101.587.54$18,173
Jun 202218290115.097.98$21,664
May 2022093109.378.43$784
Apr 202218090104.226.84$19,375
Mar 202218293108.885.08$20,288
Feb 202208491.054.86$408
Jan 20221819381.844.54$15,235
Dec 20211799371.323.90$13,129
Nov 20211709077.435.24$13,634
Oct 20211699379.795.71$14,016
Sep 202109069.865.35$482
Aug 20211819366.024.22$12,342
Jul 202109370.783.98$370
Jun 20211849069.493.38$13,090
May 20211819363.483.02$11,771
Apr 202109060.362.76$248
Mar 202109361.302.72$253
Feb 20211798457.805.55$10,812
Jan 202108450.412.81$236
Dec 202009344.642.68$249
Nov 20201789038.772.71$7,145
Oct 202009336.972.48$230
Sep 202009037.091.99$179
Aug 20201689339.982.39$6,938
Jul 202009338.371.83$170
Jun 202009034.901.69$152
May 202009316.921.81$169
Apr 202009014.751.80$162
Mar 20201719330.341.86$5,361
Feb 20201808749.881.98$9,151
Jan 202009357.252.09$195
Dec 201909359.012.30$214
Nov 201909055.302.75$248
Oct 201909353.472.42$225
Sep 20191759355.052.66$9,881
Aug 201909353.112.30$214
Jul 201909356.272.46$229
Jun 20191809052.782.49$9,725
May 201909358.482.74$255
Apr 201909062.632.75$248
Mar 20191759356.803.06$10,225
Feb 201908450.852.79$235
Jan 20191799346.033.23$8,540
Dec 201809346.594.19$389
Nov 20181779052.934.24$9,750
Oct 201809361.443.40$316
Sep 20181699059.543.11$10,342
Aug 201809359.403.07$285
Jul 20181799365.142.93$11,933
Jun 201809060.183.08$277
May 20181649365.382.90$10,992
Apr 20181789063.842.90$11,625
Mar 201809361.222.79$259
Feb 20181758461.782.77$11,044
Jan 201809362.874.01$373
Dec 20171779357.272.92$10,408
Nov 20171869055.423.12$10,589
Oct 201709349.292.98$277
Sep 20171789047.523.09$8,736
Aug 201709345.373.00$279
Jul 20171789343.873.09$8,096
Jun 20171789042.493.09$7,841
May 201709345.373.26$304
Apr 20171739047.933.21$8,581
Mar 20171859346.772.98$8,930
Feb 201708450.452.95$248
Jan 20171849349.413.42$9,409
Dec 201609348.763.72$346
Nov 201609042.492.64$238
Oct 20161779346.193.09$8,463
Sep 20161819041.553.10$7,800
Aug 201609341.442.92$272
Jul 20161789341.622.92$7,680
Jun 201609345.352.69$250
May 20161807142.521.99$7,795
Apr 201617713536.561.99$6,740
Mar 2016013533.011.79$242
Feb 201617612526.472.06$4,917
Jan 201617813727.352.36$5,192
Dec 2015011532.362.00$230
Nov 201518314938.792.17$7,422
Oct 201517917943.552.43$8,230
Sep 201517621442.992.76$8,157
Aug 201517722540.162.87$7,755
Jul 2015022448.152.95$660
Jun 201535220956.152.88$20,367
May 2015017655.212.96$520
Apr 201517721049.822.71$9,387
Mar 201517919542.892.93$8,250
Feb 201518219444.662.98$8,706
Jan 201518413843.433.10$8,419
Dec 201415214054.693.59$8,816
Nov 201418013370.464.25$13,248
Oct 201418318078.303.90$15,031
Sep 201417114986.164.05$15,336
Aug 2014010389.394.04$416
Jul 201417510496.564.18$17,333
Jun 20141738198.164.74$17,365
May 201409994.734.73$468
Apr 20141869395.944.81$18,292
Mar 201409695.895.06$485
Feb 20141857897.406.19$18,502
Jan 20141689390.404.86$15,639
Dec 201304991.824.35$213
Nov 20131835988.853.74$16,480
Oct 201309097.423.78$340
Sep 201317555104.113.72$18,424
Aug 2013067104.253.52$236
Jul 2013069102.523.72$257
Jun 20131797694.403.93$17,197
May 201304994.834.15$203
Apr 20131817893.964.28$17,341
Mar 20131696493.623.91$16,072
Feb 201305991.233.42$202
Jan 20131678691.603.42$15,591
Dec 201207386.773.42$250
Nov 20121706186.953.62$15,003
Oct 20121706589.383.40$15,416
Sep 20121776894.672.92$16,955
Aug 201209292.662.91$268
Jul 20121739885.133.02$15,024
Jun 20121716479.822.52$13,810
May 20121726891.612.49$15,926
Apr 2012063101.652.00$126
Mar 201216864105.052.22$17,791
Feb 201217450101.102.57$17,720
Jan 20121866198.092.73$18,412
Dec 201104496.873.24$143
Nov 20111705495.723.31$16,451
Oct 201106484.983.65$234
Sep 20111726183.623.99$14,626
Aug 20111776783.404.15$15,040
Jul 20111707494.144.52$16,338
Jun 201107092.904.64$325
May 20111726598.134.40$17,165
Apr 201117061105.964.33$18,278
Mar 201117010096.364.06$16,787
Feb 20111706685.644.18$14,835
Jan 201107586.504.59$344
Dec 20101779585.734.35$15,587
Nov 201034211680.843.80$28,088
Oct 2010014078.103.51$491
Sep 201016216172.633.98$12,407
Aug 201016916573.684.42$13,181
Jul 201017918672.554.74$13,867
Jun 201017319270.364.91$13,115
May 201035316971.124.24$25,821
Apr 2010017181.694.12$705
Mar 201018614278.394.39$15,204
Feb 20101839573.585.44$13,982
Jan 20101717474.365.96$13,157
Dec 20091829871.445.48$13,539
Nov 200918510174.593.75$14,178
Oct 200905772.544.11$234
Sep 20091828565.543.06$12,189
Aug 20091789667.423.22$12,310
Jul 200918111961.133.46$11,477
Jun 200917913666.163.90$12,372
May 200918114754.743.93$10,485
Apr 200917512546.773.59$8,633
Mar 200917212742.144.06$7,764
Feb 200918014132.814.63$6,559
Jan 200918512635.865.37$7,311
Dec 200836712537.105.98$14,363
Nov 200809955.496.86$679
Oct 20081804375.246.92$13,841
Sep 200818071101.767.88$18,876
Aug 200818183114.228.48$21,378
Jul 2008062131.0811.39$706
Jun 2008182115131.3313.03$25,401
May 2008182140123.1711.57$24,037
Apr 20080115110.3110.45$1,202
Mar 2008181124101.909.66$19,642
Feb 200818420192.538.77$18,788
Jan 200834719690.388.21$32,970
Dec 200718211288.337.30$16,894
Nov 200718510991.677.29$17,754
Oct 200718217182.856.92$16,262
Sep 200717816275.846.24$14,511
Aug 200718215769.066.39$13,572
Jul 200718015870.906.39$13,771
Jun 200718114462.007.55$12,309
May 200718216958.747.85$12,017
Apr 200718415459.617.81$12,170
Mar 200718017856.927.30$11,545
Feb 200718315455.108.22$11,349
Jan 200718219050.306.73$10,433
Dec 2006030356.656.92$2,096
Nov 200618614554.207.62$11,186
Oct 200618115754.906.01$10,881
Sep 200618115460.085.04$11,650
Aug 200617916568.717.34$13,510
Jul 200618813469.376.34$13,891
Jun 200617712466.286.38$12,523
May 200618211966.016.42$12,778
Apr 200618111864.397.36$12,523
Mar 200618315656.707.08$11,481
Feb 200618413657.597.75$11,651
Jan 200618515660.598.93$12,603
Dec 200518511354.9413.42$11,680
Nov 200518615154.6910.59$11,771
Oct 200518216458.3413.80$12,880
Sep 200518215061.4512.08$12,996
Aug 200536415461.519.80$23,898
Jul 200518118555.697.84$11,531
Jun 200518016652.337.38$10,645
May 200517817245.226.65$9,193
Apr 200536217549.207.36$19,098
Mar 200518217850.377.15$10,441
Feb 200518216145.226.31$9,246
Jan 200536611543.166.32$16,524
Dec 200418613339.866.75$8,312
Nov 200418214145.286.33$9,134
Oct 200417613849.706.52$9,646
Sep 200417515743.245.28$8,397
Aug 200417416042.375.55$8,260
Jul 200435615238.286.08$14,552
Jun 200418214736.106.43$7,516
May 200418216937.486.49$7,919
Apr 200436715834.475.86$13,576
Mar 200417617234.365.53$6,999
Feb 200418416832.455.51$6,896
Jan 200436719532.036.30$12,983
Dec 200318421730.266.30$6,935
Nov 200335819728.804.60$11,216
Oct 200317721128.174.76$5,990
Sep 200336417826.314.75$10,422
Aug 200318218329.765.13$6,355
Jul 200318018429.415.17$6,245
Jun 200318116928.565.98$6,180
May 200336615826.595.97$10,676
Apr 200317814326.675.41$5,521
Mar 200335915731.146.10$12,136
Feb 200318313233.487.93$7,173
Jan 200317615230.315.58$6,183
Dec 200218415026.914.85$5,680
Nov 200218315724.664.14$5,162
Oct 200218217126.464.23$5,539
Sep 200218216827.443.64$5,605
Aug 200236318425.963.16$10,006
Jul 2002018624.583.06$569
Jun 200218319223.733.34$4,984
May 200218117224.663.58$5,080
Apr 200236917923.653.51$9,356
Mar 200218519322.003.10$4,669
Feb 200236416818.222.38$7,031
Jan 200218616217.172.38$3,578
Dec 200117818216.932.36$3,444
Nov 200136618218.072.41$7,051
Oct 200118319219.782.53$4,105
Sep 200136618824.262.25$9,302
Aug 200118520524.873.05$5,227
Jul 200118120923.933.20$5,000
Jun 200133620124.563.82$9,021
May 200118218225.524.31$5,429
Apr 200137119224.685.34$10,181
Mar 200118419324.545.38$5,553
Feb 200137313627.755.77$11,135
Jan 200118318227.478.40$6,556
Dec 200018418826.889.12$6,661
Nov 200036919832.215.66$13,006
Oct 2000020431.235.15$1,050
Sep 200036620431.875.19$12,722
Aug 200017922729.644.54$6,336
Jul 200035822828.534.09$11,146
Jun 200018221729.304.40$6,287
May 200018523427.263.68$5,904
Apr 200036718124.513.12$9,559
Mar 200018620028.422.86$5,858
Feb 200018418727.622.73$5,592
Jan 200037222325.272.48$9,954
Dec 199918318924.282.42$4,901
Nov 199937022423.192.43$9,126
Oct 199918323620.982.80$4,501
Sep 199918324121.752.62$4,611
Aug 199936325219.262.88$7,716
Jul 199936325517.892.37$7,099
Jun 199918523315.942.36$3,499
May 199936324915.792.32$6,310
Apr 199936724515.102.21$6,083
Mar 199936618812.471.84$4,910
Feb 19990339.981.82$60
Jan 199918418610.381.90$2,263
Dec 19981861939.201.77$2,053
Nov 199836718010.892.19$4,390
Oct 199818419312.421.97$2,665
Sep 199818419112.592.08$2,714
Aug 199836219811.301.91$4,468
Jul 199818420611.742.24$2,621
Jun 199818119811.242.24$2,477
May 199836820612.622.21$5,099
Apr 199818318913.042.51$2,860
Mar 199836718412.802.31$5,123
Feb 199818216413.952.30$2,916
Jan 199836717514.702.15$5,772
Dec 199718418016.322.41$3,437
Nov 199718416618.193.09$3,860
Oct 199718616919.253.15$4,113
Sep 199737017117.742.95$7,069
Aug 199718122017.862.55$3,795
Jul 199736643417.582.25$7,409
Jun 199718420817.242.26$3,642
May 199737013118.972.31$7,321
Apr 199718421217.882.08$3,731
Mar 199718519318.951.94$3,880
Feb 199718515620.492.21$4,135
Jan 199718519023.483.54$5,016
Dec 199637018323.32$8,628
Nov 199618420521.97$4,042
Oct 199618519723.31$4,312
Sep 199636922622.22$8,199
Aug 199618122920.26$3,667
Jul 199637819519.55$7,390
Jun 199618319118.73$3,428
May 199618119519.43$3,517
Apr 199618317921.51$3,936
Mar 199618120919.38$3,508
Feb 199636119016.98$6,130
Jan 199618217917.07$3,107
Dec 199537220517.19$6,395
Nov 199518620516.00$2,976
Oct 199537119215.43$5,725
Sep 199536720516.18$5,938
Aug 199536418315.92$5,795
Jul 199518316115.24$2,789
Jun 199518416516.41$3,019
May 199518218017.56$3,196
Apr 199536615217.73$6,489
Mar 199518316616.44$3,009
Feb 199536614116.58$6,068
Jan 199518414715.92$2,929
Dec 199437014815.03$5,561
Nov 199418614915.90$2,957
Oct 199435713415.58$5,562
Sep 199418513815.29$2,829
Aug 199436816116.13$5,936
Jul 199418015217.56$3,161
Jun 199436516117.09$6,238
May 199418213715.88$2,890
Apr 199436814514.14$5,204
Mar 199418217212.46$2,268
Feb 199437311412.50$4,663
Jan 199418713912.66$2,367
Dec 199337115412.33$4,574
Nov 199318514814.49$2,681
Oct 199336915815.85$5,849
Sep 199318717315.03$2,811
Aug 199337118515.66$5,810
Jul 199318419115.46$2,845
Jun 199318317516.79$3,073
May 199335814417.68$6,329
Apr 199318515518.05$3,339
Mar 199335920118.14$6,512
Feb 199336414417.90$6,516
Jan 199318016616.93$3,047

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 2026 — as filed, then multipliedworked
Oil                   82 bbl  × $ 98.93 =     $8,112
Casinghead gas         0 Mcf  × $  2.87 =         $0

────────────────────────────────────────────────────
Month total                                   $8,112

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/50 is the state's own key, not one this site invented.