WADE "A"

Operated by SOMERSET OPERATING, LLC (P-5 101481) in the PEASTER, SE (MARBLE FALLS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 124886District 7BField 70005500NGPA filingCondensateGasSaveExport
Value, all time
$796 k
Jan 1993 – May 2026
Value, last 12 filed months
$12 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
condensate, 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 12 leases and 12 wells, and the rule below applies to all of them.

Discovered
1979-02-15
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: TO CORRECT COUNTY CODE

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
NGPA1none

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
CondensateDisposition91 bbl$4,244
GasProduction240,601 Mcf$791,311
Total$795,555

44,060 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 32.8616, -97.8254. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.86164, -97.82538 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
4,525 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

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 4,525 ft.

Completions filed
Aug 1987
1 of 1 wells

1 well

42-3673303114,525 ftAug 1987

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 20260253106.413.05$771
Apr 2026024498.932.87$700
Mar 2026023389.753.15$734
Feb 2026023363.503.75$874
Jan 2026022959.138.00$1,832
Dec 2025025756.664.41$1,134
Nov 2025025758.593.93$1,009
Oct 2025024159.383.30$796
Sep 2025029062.743.08$892
Aug 2025029063.933.01$874
Jul 2025029966.743.32$991
Jun 2025029966.483.13$935
May 2025029960.553.23$966
Apr 2025029962.363.54$1,059
Mar 2025029967.704.27$1,276
Feb 2025017670.884.34$764
Jan 2025018974.324.28$809
Dec 2024029068.993.12$905
Nov 2024029069.052.20$638
Oct 2024029071.372.28$662
Sep 2024027569.612.36$650
Aug 2024028675.632.06$590
Jul 2024029079.932.15$623
Jun 2024028878.082.63$759
May 2024027478.812.20$602
Apr 2024027484.451.66$455
Mar 2024031080.301.55$479
Feb 2024031076.091.78$553
Jan 2024027473.023.30$904
Dec 2023031071.262.61$809
Nov 2023031077.892.81$870
Oct 2023031085.443.09$957
Sep 2023031089.042.74$848
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 202301,04475.112.47$2,574
Jan 202301,10576.533.39$3,743
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 2022031687.185.86$1,853
Sep 2022034284.888.16$2,792
Aug 2022045694.529.13$4,162
Jul 20220342101.587.54$2,579
Jun 20220377115.097.98$3,007
May 20220377109.378.43$3,179
Apr 20220377104.226.84$2,578
Mar 20220377108.885.08$1,914
Feb 2022036991.054.86$1,793
Jan 2022036981.844.54$1,674
Dec 2021033771.323.90$1,314
Nov 2021025277.435.24$1,320
Oct 2021025279.795.71$1,440
Sep 2021058269.865.35$3,114
Aug 2021066766.024.22$2,815
Jul 2021067870.783.98$2,700
Jun 2021067869.493.38$2,292
May 2021074063.483.02$2,233
Apr 2021078560.362.76$2,165
Mar 2021076861.302.72$2,087
Feb 2021065357.805.55$3,623
Jan 2021076950.412.81$2,161
Dec 2020081644.642.68$2,183
Nov 2020078638.772.71$2,127
Oct 2020078736.972.48$1,951
Sep 2020091237.091.99$1,816
Aug 2020072639.982.39$1,732
Jul 2020062338.371.83$1,137
Jun 202001,86334.901.69$3,149
May 202001,86316.921.81$3,381
Apr 2020089414.751.80$1,613
Mar 2020087930.341.86$1,632
Feb 202001,40249.881.98$2,777
Jan 202001,32757.252.09$2,780
Dec 201901,32759.012.30$3,058
Nov 2019085455.302.75$2,349
Oct 2019030853.472.42$745
Sep 2019050455.052.66$1,339
Aug 2019080653.112.30$1,857
Jul 2019080656.272.46$1,983
Jun 2019049252.782.49$1,226
May 201901,24058.482.74$3,398
Apr 20190062.632.75$0
Mar 2019077056.803.06$2,358
Feb 2019070350.852.79$1,963
Jan 2019065246.033.23$2,105
Dec 2018069646.594.19$2,913
Nov 2018082352.934.24$3,487
Oct 201801,39861.443.40$4,751
Sep 2018076159.543.11$2,365
Aug 2018061159.403.07$1,874
Jul 2018059965.142.93$1,756
Jun 2018070960.183.08$2,182
May 2018066665.382.90$1,932
Apr 2018063163.842.90$1,830
Mar 2018063761.222.79$1,775
Feb 2018057961.782.77$1,602
Jan 2018061462.874.01$2,462
Dec 2017065657.272.92$1,917
Nov 2017060055.423.12$1,871
Oct 2017065849.292.98$1,963
Sep 2017059347.523.09$1,831
Aug 2017059845.373.00$1,797
Jul 2017063643.873.09$1,964
Jun 2017058142.493.09$1,794
May 2017063845.373.26$2,082
Apr 2017057047.933.21$1,831
Mar 2017064346.772.98$1,919
Feb 2017058550.452.95$1,727
Jan 2017061749.413.42$2,109
Dec 2016056548.763.72$2,103
Nov 2016058042.492.64$1,534
Oct 2016059046.193.09$1,823
Sep 2016061141.553.10$1,894
Aug 2016062041.442.92$1,813
Jul 2016061141.622.92$1,787
Jun 2016071145.352.69$1,910
May 2016082142.521.99$1,635
Apr 2016054836.561.99$1,091
Mar 2016065533.011.79$1,175
Feb 2016061626.472.06$1,271
Jan 2016064627.352.36$1,527
Dec 2015060832.362.00$1,217
Nov 2015056038.792.17$1,214
Oct 2015059843.552.43$1,451
Sep 2015059042.992.76$1,627
Aug 2015064640.162.87$1,856
Jul 2015064348.152.95$1,894
Jun 2015064356.152.88$1,854
May 2015060455.212.96$1,785
Apr 2015068049.822.71$1,840
Mar 2015071242.892.93$2,090
Feb 2015063944.662.98$1,902
Jan 2015070843.433.10$2,195
Dec 2014071954.693.59$2,582
Nov 2014061070.464.25$2,594
Oct 2014064678.303.90$2,520
Sep 2014062186.164.05$2,512
Aug 2014067989.394.04$2,740
Jul 2014064096.564.18$2,675
Jun 2014066898.164.74$3,164
May 2014069894.734.73$3,299
Apr 2014070495.944.81$3,386
Mar 2014070895.895.06$3,580
Feb 2014056297.406.19$3,480
Jan 2014065890.404.86$3,198
Dec 2013067191.824.35$2,922
Nov 2013064288.853.74$2,400
Oct 2013066897.423.78$2,525
Sep 20130679104.113.72$2,524
Aug 20130651104.253.52$2,293
Jul 20130627102.523.72$2,331
Jun 2013058694.403.93$2,305
May 2013060094.834.15$2,489
Apr 2013060193.964.28$2,574
Mar 2013060493.623.91$2,363
Feb 2013064791.233.42$2,213
Jan 2013065091.603.42$2,223
Dec 2012063186.773.42$2,158
Nov 2012063986.953.62$2,316
Oct 2012070189.383.40$2,383
Sep 2012071894.672.92$2,095
Aug 2012071792.662.91$2,085
Jul 2012069285.133.02$2,090
Jun 2012074179.822.52$1,867
May 2012078391.612.49$1,948
Apr 20120698101.652.00$1,394
Mar 20120705105.052.22$1,567
Feb 20120660101.102.57$1,696
Jan 2012075598.092.73$2,064
Dec 2011046196.873.24$1,494
Nov 2011035895.723.31$1,185
Oct 2011030284.983.65$1,102
Sep 2011027583.623.99$1,096
Aug 2011029983.404.15$1,241
Jul 2011031994.144.52$1,441
Jun 2011028992.904.64$1,341
May 2011030398.134.40$1,335
Apr 20110280105.964.33$1,213
Mar 2011028996.364.06$1,173
Feb 2011024685.644.18$1,028
Jan 2011028986.504.59$1,326
Dec 2010026685.734.35$1,157
Nov 2010024580.843.80$930
Oct 2010024278.103.51$849
Sep 2010022472.633.98$891
Aug 2010020973.684.42$924
Jul 2010018672.554.74$881
Jun 2010015070.364.91$737
May 201008071.124.24$339
Apr 2010015881.694.12$651
Mar 201007878.394.39$342
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 2009030165.543.06$922
Aug 2009037767.423.22$1,213
Jul 2009042361.133.46$1,465
Jun 2009045566.163.90$1,772
May 2009059554.743.93$2,336
Apr 2009036746.773.59$1,317
Mar 2009038542.144.06$1,563
Feb 2009016832.814.63$778
Jan 2009051835.865.37$2,782
Dec 2008062837.105.98$3,754
Nov 2008063455.496.86$4,349
Oct 2008065775.246.92$4,548
Sep 20080594101.767.88$4,679
Aug 20080531114.228.48$4,504
Jul 20080438131.0811.39$4,989
Jun 20080466131.3313.03$6,073
May 20080373123.1711.57$4,317
Apr 20080145110.3110.45$1,516
Mar 20080585101.909.66$5,653
Feb 2008047092.538.77$4,122
Jan 2008343090.388.21$3,800
Dec 2007045588.337.30$3,322
Nov 2007040691.677.29$2,960
Oct 2007049082.856.92$3,392
Sep 2007354575.846.24$3,631
Aug 2007040069.066.39$2,555
Jul 2007255070.906.39$3,655
Jun 2007045462.007.55$3,427
May 2007059058.747.85$4,629
Apr 2007559459.617.81$4,934
Mar 2007070756.927.30$5,162
Feb 2007052555.108.22$4,313
Jan 2007057850.306.73$3,888
Dec 2006059156.656.92$4,089
Nov 2006078054.207.62$5,942
Oct 2006061954.906.01$3,723
Sep 2006060960.085.04$3,068
Aug 2006158768.717.34$4,377
Jul 2006076069.376.34$4,821
Jun 2006072666.286.38$4,635
May 20062262466.016.42$5,461
Apr 2006072164.397.36$5,307
Mar 2006071556.707.08$5,064
Feb 2006046757.597.75$3,620
Jan 2006753360.598.93$5,186
Dec 2005056554.9413.42$7,580
Nov 2005059054.6910.59$6,247
Oct 2005077158.3413.80$10,637
Sep 2005033961.4512.08$4,095
Aug 2005044561.519.80$4,360
Jul 2005047955.697.84$3,757
Jun 2005050852.337.38$3,750
May 2005050545.226.65$3,359
Apr 2005048349.207.36$3,555
Mar 2005048150.377.15$3,442
Feb 2005043245.226.31$2,727
Jan 2005048843.166.32$3,085
Dec 2004050439.866.75$3,403
Nov 2004046845.286.33$2,963
Oct 2004051149.706.52$3,329
Sep 2004052743.245.28$2,785
Aug 2004054342.375.55$3,014
Jul 2004055438.286.08$3,371
Jun 2004051436.106.43$3,307
May 2004054537.486.49$3,540
Apr 2004052434.475.86$3,070
Mar 2004054734.365.53$3,025
Feb 2004052832.455.51$2,909
Jan 2004060832.036.30$3,830
Dec 20034054930.266.30$4,670
Nov 2003058128.804.60$2,670
Oct 2003053028.174.76$2,523
Sep 2003058726.314.75$2,788
Aug 2003053929.765.13$2,765
Jul 2003063329.415.17$3,273
Jun 2003075728.565.98$4,529
May 2003055026.595.97$3,285
Apr 2003054326.675.41$2,936
Mar 2003061131.146.10$3,725
Feb 2003053533.487.93$4,240
Jan 2003057730.315.58$3,221
Dec 2002058726.914.85$2,849
Nov 2002057324.664.14$2,370
Oct 2002059626.464.23$2,521
Sep 2002063227.443.64$2,297
Aug 2002064425.963.16$2,038
Jul 2002061924.583.06$1,895
Jun 2002267123.733.34$2,287
May 2002067924.663.58$2,434
Apr 2002066823.653.51$2,346
Mar 2002066522.003.10$2,063
Feb 2002061218.222.38$1,454
Jan 2002072217.172.38$1,715
Dec 2001074216.932.36$1,754
Nov 2001082718.072.41$1,989
Oct 2001073319.782.53$1,854
Sep 2001067124.262.25$1,511
Aug 2001066124.873.05$2,018
Jul 2001069223.933.20$2,212
Jun 2001061624.563.82$2,356
May 2001073025.524.31$3,144
Apr 2001064024.685.34$3,415
Mar 2001066724.545.38$3,586
Feb 2001057427.755.77$3,310
Jan 2001067827.478.40$5,694
Dec 2000066826.889.12$6,094
Nov 2000063632.215.66$3,598
Oct 2000065631.235.15$3,375
Sep 2000066931.875.19$3,470
Aug 2000064529.644.54$2,929
Jul 2000075328.534.09$3,080
Jun 2000063829.304.40$2,805
May 2000064227.263.68$2,362
Apr 2000054524.513.12$1,698
Mar 2000065228.422.86$1,865
Feb 2000063827.622.73$1,740
Jan 2000066825.272.48$1,657
Dec 1999067024.282.42$1,624
Nov 1999061823.192.43$1,504
Oct 1999067420.982.80$1,890
Sep 1999067421.752.62$1,765
Aug 1999070819.262.88$2,036
Jul 1999072117.892.37$1,710
Jun 1999073515.942.36$1,736
May 1999074615.792.32$1,731
Apr 1999073615.102.21$1,625
Mar 1999076112.471.84$1,399
Feb 199906779.981.82$1,231
Jan 1999074510.381.90$1,415
Dec 199807589.201.77$1,344
Nov 1998076310.892.19$1,668
Oct 1998074212.421.97$1,461
Sep 1998078312.592.08$1,631
Aug 1998061111.301.91$1,165
Jul 1998080111.742.24$1,792
Jun 1998077811.242.24$1,741
May 1998080212.622.21$1,769
Apr 1998080013.042.51$2,004
Mar 1998086712.802.31$2,002
Feb 1998075013.952.30$1,724
Jan 1998022514.702.15$485
Dec 1997076616.322.41$1,847
Nov 1997092618.193.09$2,860
Oct 1997052219.253.15$1,644
Sep 1997081117.742.95$2,396
Aug 1997075317.862.55$1,924
Jul 1997093917.582.25$2,110
Jun 1997085317.242.26$1,925
May 1997073318.972.31$1,692
Apr 1997081317.882.08$1,693
Mar 1997083618.951.94$1,621
Feb 1997032820.492.21$724
Jan 1997012923.483.54$457
Dec 1996051123.32$0
Nov 1996078821.97$0
Oct 1996090323.31$0
Sep 1996087122.22$0
Aug 1996076020.26$0
Jul 1996095319.55$0
Jun 1996077218.73$0
May 199601,09019.43$0
Apr 199611,07921.51$22
Mar 1996095719.38$0
Feb 1996096516.98$0
Jan 199601,00417.07$0
Dec 199501,12117.19$0
Nov 1995027916.00$0
Oct 1995065415.43$0
Sep 1995478316.18$65
Aug 1995017715.92$0
Jul 1995057015.24$0
Jun 1995061516.41$0
May 1995049517.56$0
Apr 1995054017.73$0
Mar 1995061516.44$0
Feb 1995061516.58$0
Jan 1995147915.92$16
Dec 1994046415.03$0
Nov 1994067715.90$0
Oct 1994086015.58$0
Sep 199401,31815.29$0
Aug 1994045616.13$0
Jul 199401,09617.56$0
Jun 199401,08417.09$0
May 199401,17515.88$0
Apr 199401,02414.14$0
Mar 1994099112.46$0
Feb 1994092412.50$0
Jan 199401,04812.66$0
Dec 199301,46412.33$0
Nov 199302,12614.49$0
Oct 1993091015.85$0
Sep 199301,11615.03$0
Aug 1993081015.66$0
Jul 199302,07915.46$0
Jun 199301,16516.79$0
May 199301,18217.68$0
Apr 199301,46018.05$0
Mar 199304618.14$0
Feb 199301,82317.90$0
Jan 199301,16616.93$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
Condensate             0 bbl  × $106.41 =         $0
Gas                  253 Mcf  × $  3.05 =       $771

────────────────────────────────────────────────────
Month total                                     $771

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. 7B/G/124886 is the state's own key, not one this site invented.