LOVETT

Operated by RED LINE COMPANY, LTD. (P-5 697042) 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 551District 10Field 68873001OilCasinghead gasSaveExport
Value, all time
$1.3 M
Jan 1993 – May 2026
Value, last 12 filed months
$52 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.

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
OilDisposition25,403 bbl$1,280,705
Casinghead gasProduction5,079 Mcf$13,277
Total$1,293,983

1,584 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 (21)

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 35.3817, -100.8616. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles. 2 wells have no surveyed location and are left out of it.

35.38246, -100.86236 · centre of 19 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
47.6%
10 of 21 wells
With a plug date
47.6%
10 of 21 wells
Median depth
3,002 ft
13 wells filed one
Completion to plug
26.3 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1047.6%
A plug date is filed
1047.6%
BothOn the schedule and plugged. Neither fact cancels the other.
1047.6%
NeitherNo plug date, and not on the schedule.
1152.4%

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 21 wells. Median 3,002 ft, with the middle half between 2,982 and 3,011 ft; the shallowest is 2,944 ft and the deepest 3,062 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, 2 of 21 wells, Aug 1996 – Oct 1996. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Aug 1996 – Oct 1996
2 of 21 wells; 19 filed none
Plug dates filed
Nov 2004 – Jun 2025
10 of 21 wells; 11 filed none

Last completion to plug: a median of 26.3 years across the 1 well that filed both dates, with the middle half between 26.3 years and 26.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

21 wells

42-179033455W2,982 ftAug 2010Yes
42-179033477W3,002 ftNov 2004Yes
42-1790335010W2,962 ftNov 2004Yes
42-17903353132,986 ftNov 2004Yes
42-1790335414W3,062 ftJun 2025Yes
42-179827388W3,003 ftJun 2006Yes
42-179827399W3,011 ftNov 2004Yes
42-1798274616W3,040 ftJun 2025Yes
42-17982747173,056 ftApr 2005Yes
42-179827333W2,994 ft
42-1798273443,005 ft
42-179827366
42-1798274111
42-1798274212
42-1798274515
42-1798274818
42-1798274919
42-1798275020W
42-1798275121W
42-1798273222,959 ftOct 1996
42-1790025112,944 ftAug 1996Dec 2022Yes

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 20261750106.413.05$18,622
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 2026171063.503.75$10,859
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 2025183058.593.93$10,722
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 2025170066.743.32$11,346
Jun 20250066.483.13$0
May 2025181060.553.23$10,960
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 2025174070.884.34$12,333
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 2024181071.372.28$12,918
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 2024192079.932.15$15,347
Jun 20240078.082.63$0
May 2024174078.812.20$13,713
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 2024175076.091.78$13,316
Jan 20240073.023.30$0
Dec 2023181071.262.61$12,898
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 2023191089.042.74$17,007
Aug 2023170080.522.67$13,688
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 2021178060.362.76$10,744
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 2020175036.972.48$6,470
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 2020178030.341.86$5,401
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 2019170055.302.75$9,401
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 2019152056.272.46$8,553
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 2019150062.632.75$9,395
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 2019169046.033.23$7,779
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 2018181061.443.40$11,121
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 2018162065.142.93$10,553
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 2018299061.222.79$18,305
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 2017170055.423.12$9,421
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 2017153043.873.09$6,712
Jun 20170042.493.09$0
May 2017167045.373.26$7,577
Apr 2017175047.933.21$8,388
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 2016160048.763.72$7,802
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 2016181041.553.10$7,521
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 2016163045.352.69$7,392
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 2016152033.011.79$5,018
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 2015181032.362.00$5,857
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 2015171042.992.76$7,351
Aug 20150040.162.87$0
Jul 2015160048.152.95$7,704
Jun 2015161056.152.88$9,040
May 2015163055.212.96$8,999
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 2015168044.662.98$7,503
Jan 20150043.433.10$0
Dec 2014187054.693.59$10,227
Nov 2014156070.464.25$10,992
Oct 2014150078.303.90$11,745
Sep 2014165086.164.05$14,216
Aug 20140089.394.04$0
Jul 2014163096.564.18$15,739
Jun 2014179098.164.74$17,571
May 2014152094.734.73$14,399
Apr 20140095.944.81$0
Mar 2014182095.895.06$17,452
Feb 2014184097.406.19$17,922
Jan 20140090.404.86$0
Dec 2013183091.824.35$16,803
Nov 2013148088.853.74$13,150
Oct 20130097.423.78$0
Sep 20131460104.113.72$15,200
Aug 20131730104.253.52$18,035
Jul 20131670102.523.72$17,121
Jun 20130094.403.93$0
May 2013174094.834.15$16,500
Apr 2013181093.964.28$17,007
Mar 2013145093.623.91$13,575
Feb 20130091.233.42$0
Jan 2013125091.603.42$11,450
Dec 2012168086.773.42$14,577
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 2012141094.672.92$13,348
Aug 20120092.662.91$0
Jul 2012133085.133.02$11,322
Jun 20120079.822.52$0
May 2012157091.612.49$14,383
Apr 201200101.652.00$0
Mar 20121630105.052.22$17,123
Feb 201200101.102.57$0
Jan 2012165098.092.73$16,185
Dec 20110096.873.24$0
Nov 2011168095.723.31$16,081
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 2011336083.404.15$28,022
Jul 20110094.144.52$0
Jun 2011173092.904.64$16,072
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 2011186085.644.18$15,929
Jan 20110086.504.59$0
Dec 2010188085.734.35$16,117
Nov 20100080.843.80$0
Oct 20100278.103.51$7
Sep 20100272.633.98$8
Aug 2010174373.684.42$12,834
Jul 20100372.554.74$14
Jun 20100370.364.91$15
May 20100371.124.24$13
Apr 20100281.694.12$8
Mar 20100378.394.39$13
Feb 2010174373.585.44$12,819
Jan 20100274.365.96$12
Dec 20090271.445.48$11
Nov 20090374.593.75$11
Oct 2009170272.544.11$12,340
Sep 20090265.543.06$6
Aug 20090267.423.22$6
Jul 20090361.133.46$10
Jun 2009154366.163.90$10,200
May 20090254.743.93$8
Apr 20090246.773.59$7
Mar 20090242.144.06$8
Feb 2009168332.814.63$5,526
Jan 20090335.865.37$16
Dec 20080337.105.98$18
Nov 20080455.496.86$27
Oct 20080375.246.92$21
Sep 20081673101.767.88$17,018
Aug 200803114.228.48$25
Jul 200804131.0811.39$46
Jun 20081604131.3313.03$21,065
May 200803123.1711.57$35
Apr 200804110.3110.45$42
Mar 20081803101.909.66$18,371
Feb 20080292.538.77$18
Jan 20080490.388.21$33
Dec 20070288.337.30$15
Nov 2007182491.677.29$16,713
Oct 20070482.856.92$28
Sep 20070375.846.24$19
Aug 20070269.066.39$13
Jul 2007160370.906.39$11,363
Jun 2007168462.007.55$10,446
May 200701558.747.85$118
Apr 20070459.617.81$31
Mar 20070556.927.30$37
Feb 20070455.108.22$33
Jan 2007168450.306.73$8,477
Dec 20060656.656.92$42
Nov 20060354.207.62$23
Oct 20060554.906.01$30
Sep 2006168660.085.04$10,124
Aug 20060368.717.34$22
Jul 20060469.376.34$25
Jun 2006169666.286.38$11,240
May 20060666.016.42$39
Apr 2006178564.397.36$11,498
Mar 200601856.707.08$127
Feb 200602057.597.75$155
Jan 200601160.598.93$98
Dec 200501554.9413.42$201
Nov 20051711754.6910.59$9,532
Oct 200502058.3413.80$276
Sep 20051761061.4512.08$10,936
Aug 200501061.519.80$98
Jul 200501055.697.84$78
Jun 20051841052.337.38$9,703
May 200502045.226.65$133
Apr 20051752049.207.36$8,757
Mar 200502050.377.15$143
Feb 200502045.226.31$126
Jan 200502043.166.32$126
Dec 20041572039.866.75$6,393
Nov 200402045.286.33$127
Oct 20041682049.706.52$8,480
Sep 200402043.245.28$106
Aug 200402042.375.55$111
Jul 20041782038.286.08$6,936
Jun 200402036.106.43$129
May 20041652037.486.49$6,314
Apr 20041832034.475.86$6,425
Mar 200402034.365.53$111
Feb 200402032.455.51$110
Jan 200402032.036.30$126
Dec 20031552030.266.30$4,816
Nov 200302028.804.60$92
Oct 20031802028.174.76$5,166
Sep 200302026.314.75$95
Aug 200302029.765.13$103
Jul 20031772029.415.17$5,309
Jun 200302028.565.98$120
May 200302026.595.97$119
Apr 20031442026.675.41$3,949
Mar 200302031.146.10$122
Feb 200302033.487.93$159
Jan 20031762030.315.58$5,446
Dec 200202026.914.85$97
Nov 200202024.664.14$83
Oct 200202026.464.23$85
Sep 200202027.443.64$73
Aug 20021642025.963.16$4,321
Jul 200202024.583.06$61
Jun 200202023.733.34$67
May 20021792024.663.58$4,486
Apr 200202023.653.51$70
Mar 200202022.003.10$62
Feb 200201318.222.38$31
Jan 20020017.172.38$0
Dec 200102016.932.36$47
Nov 200102018.072.41$48
Oct 200102019.782.53$51
Sep 20011722024.262.25$4,218
Aug 200102024.873.05$61
Jul 200102023.933.20$64
Jun 200102024.563.82$76
May 20011752025.524.31$4,552
Apr 20011802024.685.34$4,549
Mar 20011972024.545.38$4,942
Feb 200102027.755.77$115
Jan 200102027.478.40$168
Dec 20001761026.889.12$4,822
Nov 200002032.215.66$113
Oct 20001712031.235.15$5,443
Sep 200002031.875.19$104
Aug 20001702029.644.54$5,130
Jul 200002028.534.09$82
Jun 200002029.304.40$88
May 20001792027.263.68$4,953
Apr 200002024.513.12$62
Mar 20001682028.422.86$4,832
Feb 200002027.622.73$55
Jan 200002025.272.48$50
Dec 19991342024.282.42$3,302
Nov 199902023.192.43$49
Oct 199902020.982.80$56
Sep 19991773021.752.62$3,928
Aug 199903019.262.88$86
Jul 199906017.892.37$142
Jun 19991756015.942.36$2,931
May 199906015.792.32$139
Apr 199906015.102.21$132
Mar 199906012.471.84$110
Feb 19990609.981.82$109
Jan 199906010.381.90$114
Dec 19980609.201.77$106
Nov 19981716010.892.19$1,993
Oct 199806012.421.97$118
Sep 199806012.592.08$125
Aug 19981266011.301.91$1,538
Jul 19981676511.742.24$2,106
Jun 199806011.242.24$134
May 19981556012.622.21$2,088
Apr 199806013.042.51$150
Mar 19981456012.802.31$1,995
Feb 199806013.952.30$138
Jan 19981836014.702.15$2,819
Dec 199706016.322.41$145
Nov 1997766018.193.09$1,568
Oct 19971546019.253.15$3,153
Sep 199706017.742.95$177
Aug 19971656017.862.55$3,100
Jul 199705017.582.25$112
Jun 19972005017.242.26$3,561
May 19972275518.972.31$4,433
Apr 199706017.882.08$125
Mar 19972455018.951.94$4,740
Feb 199703520.492.21$77
Jan 19973373323.483.54$8,030
Dec 199603323.32$0
Nov 199603321.97$0
Oct 199603323.31$0
Sep 199603322.22$0
Aug 199603320.26$0
Jul 19962943319.55$5,748
Jun 199603318.73$0
May 199603319.43$0
Apr 199603321.51$0
Mar 199603319.38$0
Feb 19962953316.98$5,009
Jan 199603317.07$0
Dec 199503317.19$0
Nov 199503316.00$0
Oct 19953063315.43$4,722
Sep 199503316.18$0
Aug 199503315.92$0
Jul 19952183315.24$3,322
Jun 199503316.41$0
May 19952613317.56$4,583
Apr 199503317.73$0
Mar 199503316.44$0
Feb 19952923316.58$4,841
Jan 199503315.92$0
Dec 19942633315.03$3,953
Nov 199403315.90$0
Oct 199403315.58$0
Sep 199403315.29$0
Aug 19943083316.13$4,968
Jul 199403317.56$0
Jun 199403317.09$0
May 19942843315.88$4,510
Apr 199403314.14$0
Mar 19943983312.46$4,959
Feb 199403312.50$0
Jan 199403312.66$0
Dec 19934613312.33$5,684
Nov 199303314.49$0
Oct 199303315.85$0
Sep 199303315.03$0
Aug 19934803315.66$7,517
Jul 199303315.46$0
Jun 199303316.79$0
May 199303317.68$0
Apr 199303318.05$0
Mar 19934513318.14$8,181
Feb 199303317.90$0
Jan 199303316.93$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.

May 2026 — as filed, then multipliedworked
Oil                  175 bbl  × $106.41 =    $18,622
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $18,622

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/551 is the state's own key, not one this site invented.