TWO BAR RANCH

Operated by CIRCLE W OIL & GAS COMPANY (P-5 154035) 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 5158District 10Field 68845001NGPA filingOilCasinghead gasSaveExport
Value, all time
$7.5 M
Jan 1993 – May 2026
Value, last 12 filed months
$191 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
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
OilDisposition121,540 bbl$5,299,796
Casinghead gasProduction792,809 Mcf$2,159,399
Total$7,459,195

273,364 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 (14)

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 35.5857, -101.2076. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.2 miles.

35.58530, -101.20744 · 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
7.1%
1 of 14 wells
With a plug date
7.1%
1 of 14 wells
Median depth
3,310 ft
13 wells filed one
Completion to plug
29.1 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
17.1%
A plug date is filed
17.1%
BothOn the schedule and plugged. Neither fact cancels the other.
17.1%
NeitherNo plug date, and not on the schedule.
1392.9%

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, 13 of 14 wells. Median 3,310 ft, with the middle half between 3,300 and 3,400 ft; the shallowest is 3,210 ft and the deepest 3,533 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, 13 of 14 wells, May 1982 – Oct 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 1982 – Oct 1997
13 of 14 wells; 1 filed none
Plug dates filed
Jul 2013
1 of 14 wells; 13 filed none

Last completion to plug: a median of 29.1 years across the 1 well that filed both dates, with the middle half between 29.1 years and 29.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

14 wells

42-065316162094
42-065320014 A3,254 ftOct 1997
42-065318903 A3,250 ftJun 1987
42-0653177240943,400 ftDec 1985
42-0653186050943,400 ftDec 1985
42-0653172130943,314 ftJul 1984
42-065317221 B3,300 ftJun 1984Jul 2013Yes
42-065316642 A3,300 ftMay 1984
42-0653166340933,306 ftMar 1984
42-065314521 A3,310 ftAug 1983
42-0653140530933,450 ftJul 1983
42-0653130420933,339 ftFeb 1983
42-0653123410943,210 ftNov 1982
42-0653116310933,533 ftMay 1982

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 2026165200106.413.05$18,167
Apr 20261601,11698.932.87$19,031
Mar 202616498189.753.15$17,809
Feb 202632873763.503.75$23,592
Jan 202632873859.138.00$25,297
Dec 202516276456.664.41$12,551
Nov 202516074958.593.93$12,315
Oct 202516194859.383.30$12,693
Sep 202516180262.743.08$12,569
Aug 2025162663.933.01$10,375
Jul 202515772066.743.32$12,865
Jun 20251551,00366.483.13$13,443
May 202515893160.553.23$12,576
Apr 202515949262.363.54$11,658
Mar 202516127567.704.27$12,073
Feb 20251597770.884.34$11,604
Jan 2025165074.324.28$12,263
Dec 202416414868.993.12$11,776
Nov 202416213269.052.20$11,476
Oct 202416214271.372.28$11,886
Sep 2024162069.612.36$11,277
Aug 2024159075.632.06$12,025
Jul 2024160079.932.15$12,789
Jun 2024192078.082.63$14,991
May 2024162078.812.20$12,767
Apr 2024163084.451.66$13,765
Mar 2024160080.301.55$12,848
Feb 20243262976.091.78$24,857
Jan 202416319373.023.30$12,539
Dec 202316225371.262.61$12,205
Nov 20231619077.892.81$12,793
Oct 202316039385.443.09$14,884
Sep 202331938489.042.74$29,454
Aug 2023160080.522.67$12,883
Jul 2023159074.852.64$11,901
Jun 2023322068.962.26$22,205
May 202316448770.622.23$12,666
Apr 202316143978.122.24$13,560
Mar 202333633872.852.39$25,286
Feb 202316320075.112.47$12,736
Jan 202316212176.533.39$12,808
Dec 2022168076.415.73$12,837
Nov 202216327785.005.65$15,419
Oct 20223224287.185.86$28,318
Sep 202216439084.888.16$17,104
Aug 202216242694.529.13$19,200
Jul 2022153493101.587.54$19,260
Jun 2022159547115.097.98$22,663
May 2022320533109.378.43$39,493
Apr 2022161500104.226.84$20,198
Mar 2022326506108.885.08$38,064
Feb 2022311091.054.86$28,317
Jan 2022161081.844.54$13,176
Dec 202115826671.323.90$12,306
Nov 202115834777.435.24$14,051
Oct 202115743279.795.71$14,995
Sep 2021314069.865.35$21,936
Aug 202132111466.024.22$21,674
Jul 202115952270.783.98$13,333
Jun 202131774169.493.38$24,533
May 20210063.483.02$0
Apr 202131324960.362.76$19,580
Mar 202115719661.302.72$10,157
Feb 202116019657.805.55$10,335
Jan 202116439050.412.81$9,363
Dec 202016053444.642.68$8,571
Nov 202016744738.772.71$7,684
Oct 202016153436.972.48$7,276
Sep 202032546237.091.99$12,974
Aug 202015857739.982.39$7,693
Jul 202015535938.371.83$6,603
Jun 202032056134.901.69$12,116
May 202016266516.921.81$3,948
Apr 202016461414.751.80$3,527
Mar 202032673430.341.86$11,253
Feb 202032632249.881.98$16,899
Jan 202033540657.252.09$20,029
Dec 201933241559.012.30$20,548
Nov 2019165055.302.75$9,125
Oct 201933736153.472.42$18,892
Sep 201931729055.052.66$18,221
Aug 201932754053.112.30$18,611
Jul 201934273756.272.46$21,057
Jun 201950680452.782.49$28,710
May 201916579558.482.74$11,828
Apr 201916076762.632.75$12,131
Mar 201915764556.803.06$10,893
Feb 201916736250.852.79$9,503
Jan 201933538346.033.23$16,656
Dec 201818334546.594.19$9,970
Nov 201817042652.934.24$10,803
Oct 201815754661.443.40$11,501
Sep 201816066259.543.11$11,584
Aug 201832266959.403.07$21,178
Jul 201816765165.142.93$12,787
Jun 201816165860.183.08$11,714
May 201815871265.382.90$12,395
Apr 201816246963.842.90$11,703
Mar 201831773861.222.79$21,463
Feb 201832039961.782.77$20,873
Jan 201816143762.874.01$11,874
Dec 201716134257.272.92$10,220
Nov 201732249955.423.12$19,401
Oct 201716070449.292.98$9,987
Sep 201731573947.523.09$17,250
Aug 201716176745.373.00$9,609
Jul 201747878643.873.09$23,396
Jun 201716376642.493.09$9,291
May 201732073945.373.26$16,930
Apr 201731961247.933.21$17,255
Mar 201715883546.772.98$9,881
Feb 201732370850.452.95$18,386
Jan 201732940349.413.42$17,634
Dec 201633036548.763.72$17,450
Nov 201616061442.492.64$8,422
Oct 201632478646.193.09$17,395
Sep 201632078941.553.10$15,742
Aug 201631585741.442.92$15,560
Jul 201631293341.622.92$15,714
Jun 201615892045.352.69$9,636
May 201631473042.521.99$14,805
Apr 201631997936.561.99$13,612
Mar 201631776833.011.79$11,842
Feb 201615943926.472.06$5,115
Jan 201632238927.352.36$9,726
Dec 201532049632.362.00$11,348
Nov 201531669638.792.17$13,766
Oct 20153231,01743.552.43$16,534
Sep 201531899142.992.76$16,404
Aug 20153191,07740.162.87$15,905
Jul 201501,38248.152.95$4,070
Jun 20153171,08456.152.88$20,925
May 20153191,34455.212.96$21,584
Apr 20153241,46749.822.71$20,112
Mar 20153111,12842.892.93$16,649
Feb 201532782444.662.98$17,056
Jan 201532746843.433.10$15,653
Dec 2014099654.693.59$3,577
Nov 20143261,12270.464.25$27,741
Oct 20143242,39078.303.90$34,692
Sep 20143252,60186.164.05$38,524
Aug 20143201,28589.394.04$33,790
Jul 20144781,18896.564.18$51,121
Jun 20143171,30598.164.74$37,298
May 201401,33794.734.73$6,319
Apr 20141621,16595.944.81$21,145
Mar 201401,04595.895.06$5,284
Feb 201432339897.406.19$33,925
Jan 201433063190.404.86$32,899
Dec 201331648891.824.35$31,140
Nov 201315176488.853.74$16,272
Oct 20133201,03397.423.78$35,078
Sep 20133141,024104.113.72$36,498
Aug 2013316968104.253.52$36,353
Jul 2013316923102.523.72$35,828
Jun 201331647994.403.93$31,715
May 2013308094.834.15$29,208
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 2012641086.953.62$55,735
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 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 201014252771.124.24$12,331
Apr 201012946381.694.12$12,447
Mar 2010061078.394.39$2,677
Feb 201013154873.585.44$12,621
Jan 201024668974.365.96$22,402
Dec 200914486171.445.48$15,009
Nov 200919086174.593.75$17,402
Oct 2009045972.544.11$1,887
Sep 200931381665.543.06$23,015
Aug 200929848667.423.22$21,655
Jul 200961288661.133.46$40,481
Jun 200945382866.163.90$33,196
May 20093061,36754.743.93$22,117
Apr 200901,56546.773.59$5,614
Mar 20097721,75442.144.06$39,652
Feb 200901,18432.814.63$5,485
Jan 2009061135.865.37$3,282
Dec 20082871,13837.105.98$17,450
Nov 200856852755.496.86$35,134
Oct 20084523,41475.246.92$57,640
Sep 20087632,337101.767.88$96,052
Aug 20081472,127114.228.48$34,834
Jul 2008304914131.0811.39$50,258
Jun 20084331,233131.3313.03$72,935
May 20083061,498123.1711.57$55,028
Apr 20084551,713110.3110.45$68,100
Mar 20081401,704101.909.66$30,734
Feb 20081671,88192.538.77$31,950
Jan 200853069290.388.21$53,580
Dec 200701,63488.337.30$11,931
Nov 20071611,84191.677.29$28,183
Oct 20076451,86882.856.92$66,369
Sep 200701,75975.846.24$10,983
Aug 20071581,65069.066.39$21,452
Jul 20074771,89370.906.39$45,912
Jun 20073281,34562.007.55$30,489
May 20073171,41558.747.85$29,723
Apr 20071391,16659.617.81$17,387
Mar 20076111,48256.927.30$45,600
Feb 20075971,41455.108.22$44,512
Jan 200701,11550.306.73$7,500
Dec 20064441,27456.656.92$33,967
Nov 20063821,38054.207.62$31,217
Oct 20069721,72554.906.01$63,737
Sep 20065481,72960.085.04$41,633
Aug 2006708068.717.34$48,647
Jul 2006409069.376.34$28,372
Jun 20064701,83666.286.38$42,872
May 20067641,54266.016.42$60,339
Apr 20062851,41064.397.36$28,729
Mar 20062911,24556.707.08$25,318
Feb 20064451,80757.597.75$39,634
Jan 20067972,30360.598.93$68,864
Dec 20057602,13554.9413.42$70,396
Nov 20051,0322,68554.6910.59$84,870
Oct 20056292,90758.3413.80$76,800
Sep 20051,1073,19961.4512.08$106,666
Aug 20051,1053,05061.519.80$97,849
Jul 2005632055.697.84$35,196
Jun 2005766052.337.38$40,085
May 20053021,68345.226.65$24,850
Apr 20054451,83649.207.36$35,408
Mar 20052912,21550.377.15$30,506
Feb 20051501,76445.226.31$17,917
Jan 200502,21443.166.32$13,997
Dec 20043802,13939.866.75$29,587
Nov 20043032,85145.286.33$31,768
Oct 20043222,97249.706.52$35,366
Sep 20043122,63543.245.28$27,414
Aug 20044852,70842.375.55$35,581
Jul 20043162,61738.286.08$28,019
Jun 20043133,08736.106.43$31,158
May 20043062,13037.486.49$25,302
Apr 20043192,83834.475.86$27,622
Mar 20041512,63534.365.53$19,760
Feb 20041172,21632.455.51$16,006
Jan 20047801,92632.036.30$37,117
Dec 200331986130.266.30$15,079
Nov 20034681,22028.804.60$19,085
Oct 20031692,65828.174.76$17,412
Sep 20033292,21926.314.75$19,195
Aug 20031702,18829.765.13$16,283
Jul 20034643,79829.415.17$33,285
Jun 20034902,05828.565.98$26,307
May 200302,99126.595.97$17,864
Apr 200302,04726.675.41$11,069
Mar 20036621,79931.146.10$31,581
Feb 20034422,38833.487.93$33,725
Jan 20035232,18230.315.58$28,032
Dec 200202,69626.914.85$13,086
Nov 20026822,90524.664.14$28,836
Oct 20023253,34126.464.23$22,729
Sep 20024953,39727.443.64$25,932
Aug 20026693,52825.963.16$28,530
Jul 20026133,84124.583.06$26,828
Jun 20021664,07723.733.34$17,549
May 20021582,18024.663.58$11,709
Apr 20026482,89923.653.51$25,507
Mar 200202,21622.003.10$6,876
Feb 20023261,68018.222.38$9,931
Jan 200202,06117.172.38$4,896
Dec 20013093,35916.932.36$13,173
Nov 20014423,19718.072.41$15,677
Oct 20013144,76019.782.53$18,248
Sep 20011584,38924.262.25$13,714
Aug 20013113,12324.873.05$17,270
Jul 20014642,47323.933.20$19,010
Jun 20013862,00124.563.82$17,132
May 200101,00125.524.31$4,312
Apr 20014641,11324.685.34$17,390
Mar 20013061,29724.545.38$14,482
Feb 200101,02927.755.77$5,934
Jan 20011481,68327.478.40$18,201
Dec 200002,63026.889.12$23,992
Nov 20003182,92732.215.66$26,804
Oct 20003013,01031.235.15$24,888
Sep 20003103,46131.875.19$27,830
Aug 20004683,78929.644.54$31,076
Jul 20006192,68328.534.09$28,633
Jun 20001543,95729.304.40$21,912
May 20003233,01627.263.68$19,903
Apr 20003142,53124.513.12$15,583
Mar 20003553,98728.422.86$21,491
Feb 200003,16327.622.73$8,624
Jan 20004503,38625.272.48$19,770
Dec 199903,54724.282.42$8,597
Nov 19994544,33623.192.43$21,082
Oct 19994664,52320.982.80$22,458
Sep 19991614,02821.752.62$14,050
Aug 19995504,72919.262.88$24,192
Jul 19994655,14117.892.37$20,515
Jun 19993114,47215.942.36$15,521
May 19994814,30915.792.32$17,596
Apr 19994683,80115.102.21$15,460
Mar 19991613,56312.471.84$8,558
Feb 19993113,4799.981.82$9,428
Jan 19993064,97010.381.90$12,619
Dec 19985154,3679.201.77$12,482
Nov 19983193,33910.892.19$10,772
Oct 19983124,63212.421.97$12,996
Sep 19984684,73012.592.08$15,743
Aug 19983125,79811.301.91$14,584
Jul 19987406,64411.742.24$23,552
Jun 19984625,17211.242.24$16,764
May 19987655,46412.622.21$21,710
Apr 19983254,76713.042.51$16,181
Mar 19984605,07012.802.31$17,597
Feb 19984725,41213.952.30$19,027
Jan 19983054,76914.702.15$14,760
Dec 19977986,28316.322.41$28,172
Nov 19973025,41118.193.09$22,204
Oct 19974725,23619.253.15$25,578
Sep 19976194,65917.742.95$24,748
Aug 19973104,45117.862.55$16,908
Jul 19976095,81217.582.25$23,765
Jun 19976135,67417.242.26$23,375
May 19976216,43218.972.31$26,629
Apr 19977866,68517.882.08$27,977
Mar 19979315,11018.951.94$27,551
Feb 19971,1105,20620.492.21$34,228
Jan 19973155,59523.483.54$27,201
Dec 19964764,64123.32$11,100
Nov 19963355,54321.97$7,360
Oct 19964685,69223.31$10,909
Sep 19964755,71922.22$10,555
Aug 19964355,42120.26$8,813
Jul 19966355,40819.55$12,414
Jun 19963014,79018.73$5,638
May 19964794,55719.43$9,307
Apr 19964405,24521.51$9,464
Mar 19966374,04119.38$12,345
Feb 19961615,18516.98$2,734
Jan 19964595,36917.07$7,835
Dec 19951586,82317.19$2,716
Nov 19955516,39916.00$8,816
Oct 19953395,97515.43$5,231
Sep 19954936,51816.18$7,977
Aug 19954926,00715.92$7,833
Jul 19954905,22715.24$7,468
Jun 19954656,73116.41$7,631
May 19954927,02717.56$8,640
Apr 19953176,23617.73$5,620
Mar 19955016,08916.44$8,236
Feb 19954955,20616.58$8,207
Jan 19955625,84315.92$8,947
Dec 19944875,93315.03$7,320
Nov 19944416,69215.90$7,012
Oct 19945756,06215.58$8,959
Sep 19944836,02115.29$7,385
Aug 19942916,57516.13$4,694
Jul 19944856,44817.56$8,517
Jun 19944846,35117.09$8,272
May 19948205,05715.88$13,022
Apr 19945025,51914.14$7,098
Mar 19944845,35112.46$6,031
Feb 19944905,64312.50$6,125
Jan 19944826,78712.66$6,102
Dec 19935077,12212.33$6,251
Nov 19935034,57914.49$7,288
Oct 19935115,30015.85$8,099
Sep 19934894,60715.03$7,350
Aug 19933285,39415.66$5,136
Jul 19935046,85015.46$7,792
Jun 19935145,33016.79$8,630
May 19936575,11917.68$11,616
Apr 19936715,33518.05$12,112
Mar 19934905,35718.14$8,889
Feb 19934765,13717.90$8,520
Jan 19934775,10316.93$8,076

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.

May 2026 — as filed, then multipliedworked
Oil                  165 bbl  × $106.41 =    $17,558
Casinghead gas       200 Mcf  × $  3.05 =       $609

────────────────────────────────────────────────────
Month total                                  $18,167

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/5158 is the state's own key, not one this site invented.