WOOD

Operated by PONDEROSA TX OPERATING LLC (P-5 670097) 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 503District 10Field 68873001NGPA filingOilCasinghead gasSaveExport
Value, all time
$4.3 M
Jan 1993 – May 2026
Value, last 12 filed months
$93 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
NGPA6none

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
OilDisposition86,046 bbl$3,748,992
Casinghead gasProduction173,826 Mcf$587,091
Total$4,336,083

32,018 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 (12)

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 35.4528, -100.8431. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

35.45269, -100.84319 · 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
25.0%
3 of 12 wells
With a plug date
25.0%
3 of 12 wells
Median depth
3,039 ft
8 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
325.0%
A plug date is filed
325.0%
BothOn the schedule and plugged. Neither fact cancels the other.
325.0%
NeitherNo plug date, and not on the schedule.
975.0%

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

Total depth in feet, 8 of 12 wells. Median 3,039 ft, with the middle half between 2,970 and 3,060 ft; the shallowest is 2,934 ft and the deepest 3,075 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 3 of 12 wells, May 1995 – Sep 1997. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
May 1995 – Sep 1997
3 of 12 wells; 9 filed none
Plug dates filed
Nov 1982 – Sep 2005
3 of 12 wells; 9 filed none

12 wells

42-1798251212,934 ftSep 2005Yes
42-1798251333,020 ftJan 1984Yes
42-1798251882,953 ftNov 1982Yes
42-17932267123,075 ft
42-17932268113,060 ft
42-179825144
42-179825155
42-179825166
42-179825177
42-17932269103,060 ftSep 1997
42-1793221093,058 ftDec 1996
42-17904928D 2W2,975 ftMay 1995

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 20269337298.932.87$10,268
Mar 20268870789.753.15$10,125
Feb 20269543763.503.75$7,671
Jan 20268734159.138.00$7,872
Dec 20259345956.664.41$7,295
Nov 20258532058.593.93$6,237
Oct 20258563659.383.30$7,149
Sep 20258569262.743.08$7,462
Aug 20258965063.933.01$7,649
Jul 202518137466.743.32$13,320
Jun 20259256966.483.13$7,896
May 202517064560.553.23$12,378
Apr 20259157562.363.54$7,712
Mar 20258226567.704.27$6,683
Feb 20259036570.884.34$7,964
Jan 202517641274.324.28$14,843
Dec 20248551668.993.12$7,475
Nov 20249115169.052.20$6,616
Oct 202418165571.372.28$14,412
Sep 20248475769.612.36$7,637
Aug 202417381575.632.06$14,766
Jul 20249124379.932.15$7,795
Jun 20248576278.082.63$8,644
May 20248562778.812.20$8,077
Apr 20248526784.451.66$7,621
Mar 20249147280.301.55$8,037
Feb 202417244776.091.78$13,885
Jan 20248345473.023.30$7,558
Dec 20239556871.262.61$8,253
Nov 20238670977.892.81$8,689
Oct 202316480085.443.09$16,482
Sep 20239275389.042.74$10,251
Aug 20239379080.522.67$9,600
Jul 202323558074.852.64$19,122
Jun 2023034168.962.26$770
May 202318287870.622.23$14,809
Apr 202317046878.122.24$14,328
Mar 202317038972.852.39$13,315
Feb 202316931775.112.47$13,475
Jan 20238339876.533.39$7,700
Dec 202215418676.415.73$12,833
Nov 202217718985.005.65$16,112
Oct 202217327787.185.86$16,706
Sep 202218236384.888.16$18,412
Aug 202217946094.529.13$21,118
Jul 2022186489101.587.54$22,582
Jun 202288571115.097.98$14,683
May 2022178726109.378.43$25,590
Apr 2022179833104.226.84$24,351
Mar 202295574108.885.08$13,257
Feb 202217235191.054.86$17,366
Jan 202218657081.844.54$17,809
Dec 20219445171.323.90$8,463
Nov 202118446677.435.24$16,687
Oct 20219059079.795.71$10,552
Sep 202117960869.865.35$15,758
Aug 20219164766.024.22$8,739
Jul 202117166370.783.98$14,744
Jun 202118056269.493.38$14,408
May 20219164763.483.02$7,729
Apr 202117163260.362.76$12,065
Mar 202117943461.302.72$12,152
Feb 202118119257.805.55$11,527
Jan 202117638350.412.81$9,948
Dec 202017641144.642.68$8,956
Nov 20208941738.772.71$4,579
Oct 202017444136.972.48$7,526
Sep 202016957337.091.99$7,409
Aug 202021067139.982.39$9,996
Jul 202017361838.371.83$7,766
Jun 202044459434.901.69$16,500
May 2020038216.921.81$693
Apr 20208538214.751.80$1,943
Mar 202024643230.341.86$8,266
Feb 202017014849.881.98$8,773
Jan 202016911257.252.09$9,910
Dec 201917844159.012.30$11,520
Nov 201923941255.302.75$14,350
Oct 201916518953.472.42$9,280
Sep 201923856055.052.66$14,590
Aug 201924250353.112.30$14,012
Jul 201932716756.272.46$18,811
Jun 201917743152.782.49$10,416
May 20199044458.482.74$6,480
Apr 201926530962.632.75$17,447
Mar 2019037956.803.06$1,161
Feb 20199233250.852.79$5,605
Jan 20199638446.033.23$5,659
Dec 20189150546.594.19$6,353
Nov 20188739552.934.24$6,279
Oct 20189060161.443.40$7,572
Sep 20188556359.543.11$6,811
Aug 20188527759.403.07$5,898
Jul 201817036165.142.93$12,132
Jun 20188620160.183.08$5,794
May 20188524765.382.90$6,274
Apr 201817521063.842.90$11,781
Mar 201825510661.222.79$15,907
Feb 2018493361.782.77$3,119
Jan 2018925262.874.01$5,993
Dec 201708257.272.92$240
Nov 2017877155.423.12$5,043
Oct 20171808949.292.98$9,138
Sep 20179027047.523.09$5,110
Aug 20179422445.373.00$4,938
Jul 201720526143.873.09$9,799
Jun 201710429842.493.09$5,339
May 20171039145.373.26$4,970
Apr 20179617347.933.21$5,157
Mar 201718818046.772.98$9,330
Feb 20171927850.452.95$9,917
Jan 20171008849.413.42$5,242
Dec 201610310848.763.72$5,424
Nov 201620521542.492.64$9,279
Oct 201610315046.193.09$5,221
Sep 201610221041.553.10$4,889
Aug 201620524241.442.92$9,203
Jul 201610430141.622.92$5,209
Jun 201620525045.352.69$9,968
May 2016993542.521.99$4,279
Apr 201621111936.561.99$7,951
Mar 20162163033.011.79$7,184
Feb 20162638626.472.06$7,139
Jan 201622715327.352.36$6,570
Dec 2015023432.362.00$468
Nov 201510117738.792.17$4,301
Oct 2015023943.552.43$580
Sep 201519822642.992.76$9,135
Aug 201510028240.162.87$4,826
Jul 20159531248.152.95$5,493
Jun 201530633956.152.88$18,159
May 2015029655.212.96$875
Apr 201519627449.822.71$10,506
Mar 201510231842.892.93$5,308
Feb 201519428344.662.98$9,506
Jan 20159328443.433.10$4,920
Dec 201428436754.693.59$16,850
Nov 201410138870.464.25$8,766
Oct 201420531478.303.90$17,276
Sep 201429449386.164.05$27,325
Aug 20148947589.394.04$9,872
Jul 201429955396.564.18$31,183
Jun 201411046498.164.74$12,996
May 201418247594.734.73$19,486
Apr 201420533595.944.81$21,279
Mar 201420037995.895.06$21,095
Feb 201421732997.406.19$23,173
Jan 201410539290.404.86$11,397
Dec 201328933991.824.35$28,012
Nov 201310840788.853.74$11,117
Oct 201310850297.423.78$12,419
Sep 2013219458104.113.72$24,503
Aug 2013189347104.253.52$20,926
Jul 2013209356102.523.72$22,750
Jun 201310822994.403.93$11,096
May 201318431994.834.15$18,772
Apr 201333037993.964.28$32,630
Mar 201321636293.623.91$21,638
Feb 201310122591.233.42$9,984
Jan 201330329491.603.42$28,760
Dec 201220529086.773.42$18,780
Nov 20127034386.953.62$7,330
Oct 201218936289.383.40$18,124
Sep 20126540094.672.92$7,321
Aug 201211847892.662.91$12,324
Jul 201218653585.133.02$17,450
Jun 201212345079.822.52$10,951
May 201212532991.612.49$12,270
Apr 2012192267101.652.00$20,050
Mar 2012192292105.052.22$20,818
Feb 2012121262101.102.57$12,907
Jan 201224226798.092.73$24,468
Dec 20116327296.873.24$6,984
Nov 201111832295.723.31$12,361
Oct 201117740184.983.65$16,505
Sep 201112242683.623.99$11,900
Aug 201116853983.404.15$16,248
Jul 201117760994.144.52$19,414
Jun 201118350392.904.64$19,335
May 201124935998.134.40$26,016
Apr 2011190155105.964.33$20,804
Mar 201112631096.364.06$13,399
Feb 201125524485.644.18$22,858
Jan 201112935486.504.59$12,783
Dec 20105237685.734.35$6,093
Nov 201010918580.843.80$9,514
Oct 201015535278.103.51$13,341
Sep 201011444772.633.98$10,059
Aug 201017537573.684.42$14,551
Jul 201017833272.554.74$14,486
Jun 201011546570.364.91$10,375
May 201016938771.124.24$13,658
Apr 201011645381.694.12$11,344
Mar 201029434078.394.39$24,539
Feb 201013440473.585.44$12,058
Jan 201013539774.365.96$12,406
Dec 200913844971.445.48$12,321
Nov 200919655874.593.75$16,713
Oct 200935344672.544.11$27,440
Sep 200914248765.543.06$10,799
Aug 200927961067.423.22$20,773
Jul 200921463861.133.46$15,292
Jun 200914359466.163.90$11,775
May 200921243354.743.93$13,305
Apr 200921541346.773.59$11,537
Mar 200921342042.144.06$10,681
Feb 200927926332.814.63$10,372
Jan 200929233135.865.37$12,249
Dec 200821840237.105.98$10,491
Nov 200819636955.496.86$13,408
Oct 200814744275.246.92$14,120
Sep 2008280520101.767.88$32,589
Aug 2008213467114.228.48$28,290
Jul 2008289774131.0811.39$46,698
Jun 2008182598131.3313.03$31,696
May 2008359618123.1711.57$51,371
Apr 2008143544110.3110.45$21,462
Mar 2008291623101.909.66$35,674
Feb 200821752392.538.77$24,666
Jan 200824946390.388.21$26,304
Dec 200722253588.337.30$23,516
Nov 200722655891.677.29$24,786
Oct 200731565182.856.92$30,604
Sep 200718470375.846.24$18,344
Aug 200719180269.066.39$18,314
Jul 20074195570.906.39$9,007
Jun 200718794662.007.55$18,735
May 200711495858.747.85$14,213
Apr 200729487859.617.81$24,378
Mar 200721998656.927.30$19,665
Feb 20077061955.108.22$8,943
Jan 20077234850.306.73$5,963
Dec 20063516756.656.92$3,138
Nov 20067515654.207.62$5,253
Oct 200612325754.906.01$8,298
Sep 20061727560.085.04$2,407
Aug 20067231168.717.34$7,230
Jul 20068924369.376.34$7,715
Jun 200618419166.286.38$13,415
May 20065329666.016.42$5,400
Apr 200610731464.397.36$9,201
Mar 20069524856.707.08$7,143
Feb 20061093657.597.75$6,556
Jan 20061873860.598.93$11,670
Dec 20051506054.9413.42$9,046
Nov 20051642654.6910.59$9,244
Oct 200546758.3413.80$2,780
Sep 200582061.4512.08$5,039
Aug 20056210961.519.80$4,881
Jul 200518436455.697.84$13,102
Jun 200515135952.337.38$10,552
May 200517734945.226.65$10,325
Apr 200518929949.207.36$11,500
Mar 200516314450.377.15$9,241
Feb 20051412945.226.31$6,559
Jan 20052236143.166.32$10,010
Dec 200417724539.866.75$8,709
Nov 200410726045.286.33$6,491
Oct 200422535649.706.52$13,502
Sep 200418340143.245.28$10,032
Aug 200416637342.375.55$9,104
Jul 200420438238.286.08$10,133
Jun 200418636236.106.43$9,043
May 200417343237.486.49$9,290
Apr 200417226134.475.86$7,458
Mar 200423132634.365.53$9,740
Feb 200421624032.455.51$8,332
Jan 200421028632.036.30$8,528
Dec 200325213630.266.30$8,483
Nov 200317617528.804.60$5,873
Oct 200323028828.174.76$7,850
Sep 200328627626.314.75$8,835
Aug 200322430329.765.13$8,221
Jul 200328035829.415.17$10,086
Jun 200322642928.565.98$9,021
May 200327141226.595.97$9,667
Apr 200333533826.675.41$10,762
Mar 200329441031.146.10$11,655
Feb 200323431633.487.93$10,339
Jan 200340347830.315.58$14,883
Dec 200232423626.914.85$9,864
Nov 200235544824.664.14$10,608
Oct 200241152826.464.23$13,108
Sep 200245167127.443.64$14,815
Aug 200257071025.963.16$17,044
Jul 200262070724.583.06$17,404
Jun 200265579523.733.34$18,197
May 200252492824.663.58$16,248
Apr 200230324223.653.51$8,016
Mar 200224810722.003.10$5,788
Feb 200237616018.222.38$7,231
Jan 200245716617.172.38$8,241
Dec 200142417216.932.36$7,585
Nov 200150322518.072.41$9,630
Oct 200156023519.782.53$11,671
Sep 200126125124.262.25$6,897
Aug 200138626824.873.05$10,418
Jul 200144726523.933.20$11,544
Jun 200140026924.563.82$10,853
May 200138924925.524.31$11,000
Apr 200143826724.685.34$12,234
Mar 200132825324.545.38$9,409
Feb 200135122727.755.77$11,049
Jan 200145022027.478.40$14,209
Dec 200033824326.889.12$11,302
Nov 200047822432.215.66$16,664
Oct 200039817031.235.15$13,304
Sep 200046029031.875.19$16,164
Aug 200059333529.644.54$19,098
Jul 200037118728.534.09$11,349
Jun 200028924829.304.40$9,558
May 200036529727.263.68$11,043
Apr 200024927424.513.12$6,957
Mar 200024728128.422.86$7,823
Feb 200039729927.622.73$11,780
Jan 200024224225.272.48$6,716
Dec 1999254024.282.42$6,167
Nov 199937120423.192.43$9,100
Oct 19993553320.982.80$7,540
Sep 199936058321.752.62$9,357
Aug 199962474319.262.88$14,155
Jul 199941682817.892.37$9,407
Jun 199935476715.942.36$7,454
May 199930379715.792.32$6,634
Apr 199937671915.102.21$7,265
Mar 199935372512.471.84$5,735
Feb 19992644989.981.82$3,540
Jan 199947769510.381.90$6,272
Dec 19983077769.201.77$4,201
Nov 199833361410.892.19$4,968
Oct 199832998112.421.97$6,018
Sep 199829531612.592.08$4,372
Aug 199841293411.301.91$6,437
Jul 199848857311.742.24$7,011
Jun 199863994411.242.24$9,294
May 199853688812.622.21$8,724
Apr 199869491213.042.51$11,335
Mar 199872854212.802.31$10,570
Feb 199875842413.952.30$11,549
Jan 199879730814.702.15$12,380
Dec 19971,00219216.322.41$16,816
Nov 199777917018.193.09$14,695
Oct 199767149319.253.15$14,470
Sep 199781243917.742.95$15,702
Aug 199711627617.862.55$2,777
Jul 199742289417.582.25$9,428
Jun 199775788017.242.26$15,037
May 199735866118.972.31$8,317
Apr 199728664517.882.08$6,457
Mar 199723660518.951.94$5,645
Feb 199719365720.492.21$5,404
Jan 199749064323.483.54$13,781
Dec 199618238023.32$4,244
Nov 199625641621.97$5,624
Oct 199622054123.31$5,128
Sep 199620753122.22$4,600
Aug 19969448320.26$1,904
Jul 199615232019.55$2,972
Jun 199622149218.73$4,139
May 199619037619.43$3,692
Apr 199610934021.51$2,345
Mar 199614522719.38$2,810
Feb 19962298216.98$3,888
Jan 19969810217.07$1,673
Dec 199514533017.19$2,493
Nov 199518252416.00$2,912
Oct 199525581615.43$3,935
Sep 19955761416.18$922
Aug 199530175815.92$4,792
Jul 199513651415.24$2,073
Jun 199532754016.41$5,366
May 199512184617.56$2,125
Apr 199519288917.73$3,404
Mar 199525080216.44$4,110
Feb 199512672316.58$2,089
Jan 199514067215.92$2,229
Dec 199419091515.03$2,856
Nov 199419884215.90$3,148
Oct 199423183815.58$3,599
Sep 199419076015.29$2,905
Aug 199421871116.13$3,516
Jul 199414675717.56$2,564
Jun 199419963317.09$3,401
May 1994921,03015.88$1,461
Apr 19942041,08014.14$2,885
Mar 19942471,22912.46$3,078
Feb 199417776512.50$2,213
Jan 199424362012.66$3,076
Dec 199325986912.33$3,193
Nov 19932571,11814.49$3,724
Oct 19932581,20915.85$4,089
Sep 199317066815.03$2,555
Aug 19933271,67415.66$5,121
Jul 19931551,64815.46$2,396
Jun 199319690516.79$3,291
May 19932001,15317.68$3,536
Apr 19932674818.05$4,819
Mar 19932744918.14$4,970
Feb 19933389417.90$6,050
Jan 19932588516.93$4,368

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                   93 bbl  × $ 98.93 =     $9,200
Casinghead gas       372 Mcf  × $  2.87 =     $1,068

────────────────────────────────────────────────────
Month total                                  $10,268

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/503 is the state's own key, not one this site invented.