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DRAKE, R.T.

Operated by THREE B, LP (P-5 857468) in the MORGAN MILL (MARBLE FALLS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 80978District 7BField 62870300NGPA filingCondensateGasSaveExport
Value, all time
$540 k
Jan 1993 – May 2026
Value, last 12 filed months
$9 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
condensate, gas

The MORGAN MILL (MARBLE FALLS) field

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 94 leases and 94 wells, and the rule below applies to all of them.

Discovered
1977-12-01
as the register files it
Field class
Gas
the register's own label
Between wells
1,867 ft
minimum
From a lease line
933 ft
minimum

A drilling unit in this field needs at least 160 acres.

The Commission's schedule remark for this field reads: “FIELD TYPE CHANGED FROM EXEMPT TO CAPACITY EFFECTIVE 5/1/01.”

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
NGPA3none——

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
CondensateDisposition16 bbl$324
GasProduction135,961 Mcf$539,446
Total$539,771

19,699 Mcf of this lease's gas, across 39 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 32.4782, -98.0668. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.47824, -98.06677 · 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
5,270 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 5,270 ft.

Completions filed
Jul 1978
1 of 1 wells

1 well

42-1433036635,270 ftJul 1978——

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 20260205106.413.05$624
Apr 2026019098.932.87$545
Mar 2026020389.753.15$639
Feb 2026019363.503.75$724
Jan 2026019859.138.00$1,584
Dec 2025019556.664.41$861
Nov 2025018258.593.93$715
Oct 2025020059.383.30$661
Sep 2025020462.743.08$628
Aug 2025021263.933.01$639
Jul 2025021966.743.32$726
Jun 2025021166.483.13$660
May 2025023360.553.23$753
Apr 2025016262.363.54$574
Mar 2025018267.704.27$777
Feb 2025016870.884.34$729
Jan 2025018474.324.28$787
Dec 2024021768.993.12$677
Nov 2024017269.052.20$378
Oct 2024019071.372.28$433
Sep 2024019469.612.36$459
Aug 2024021375.632.06$440
Jul 2024022079.932.15$472
Jun 2024021078.082.63$553
May 2024020278.812.20$444
Apr 2024020084.451.66$332
Mar 2024019080.301.55$294
Feb 2024017376.091.78$309
Jan 2024019073.023.30$627
Dec 2023019671.262.61$512
Nov 2023018977.892.81$531
Oct 2023020685.443.09$636
Sep 2023021989.042.74$599
Aug 2023020680.522.67$551
Jul 2023022874.852.64$602
Jun 2023019168.962.26$431
May 2023020170.622.23$448
Apr 2023018578.122.24$414
Mar 2023018872.852.39$450
Feb 2023018975.112.47$466
Jan 2023020076.533.39$678
Dec 2022019976.415.73$1,140
Nov 2022018085.005.65$1,016
Oct 2022020687.185.86$1,208
Sep 2022021584.888.16$1,755
Aug 2022023794.529.13$2,163
Jul 20220220101.587.54$1,659
Jun 20220183115.097.98$1,460
May 20220177109.378.43$1,493
Apr 20220186104.226.84$1,272
Mar 20220157108.885.08$797
Feb 2022018691.054.86$904
Jan 2022019481.844.54$880
Dec 2021022471.323.90$873
Nov 2021020377.435.24$1,063
Oct 2021024479.795.71$1,394
Sep 2021023069.865.35$1,231
Aug 2021022066.024.22$929
Jul 2021023670.783.98$940
Jun 2021024669.493.38$832
May 2021023363.483.02$703
Apr 2021021060.362.76$579
Mar 2021022761.302.72$617
Feb 2021019257.805.55$1,065
Jan 2021018550.412.81$520
Dec 2020018444.642.68$492
Nov 2020020338.772.71$549
Oct 2020021036.972.48$520
Sep 2020020337.091.99$404
Aug 2020023539.982.39$561
Jul 2020022338.371.83$407
Jun 2020023234.901.69$392
May 202004116.921.81$74
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 2020018049.881.98$357
Jan 2020025157.252.09$526
Dec 2019026159.012.30$601
Nov 2019033455.302.75$919
Oct 2019019253.472.42$464
Sep 2019019255.052.66$510
Aug 2019022953.112.30$528
Jul 2019022656.272.46$556
Jun 2019022352.782.49$556
May 2019022858.482.74$625
Apr 2019021062.632.75$578
Mar 2019023056.803.06$704
Feb 2019022950.852.79$639
Jan 2019024446.033.23$788
Dec 2018033846.594.19$1,415
Nov 2018021252.934.24$898
Oct 2018023061.443.40$782
Sep 2018024259.543.11$752
Aug 2018025759.403.07$788
Jul 2018023765.142.93$695
Jun 2018025960.183.08$797
May 2018027665.382.90$801
Apr 2018026063.842.90$754
Mar 2018026761.222.79$744
Feb 2018023961.782.77$661
Jan 2018026362.874.01$1,054
Dec 2017025257.272.92$736
Nov 2017025255.423.12$786
Oct 2017027149.292.98$809
Sep 2017027747.523.09$855
Aug 2017028345.373.00$850
Jul 20170043.873.09$0
Jun 2017025942.493.09$800
May 2017029645.373.26$966
Apr 2017027347.933.21$877
Mar 2017027646.772.98$824
Feb 2017026750.452.95$788
Jan 2017030149.413.42$1,029
Dec 2016038348.763.72$1,426
Nov 2016014942.492.64$394
Oct 2016026446.193.09$816
Sep 2016025741.553.10$797
Aug 2016026641.442.92$778
Jul 2016027241.622.92$795
Jun 2016026045.352.69$698
May 2016026442.521.99$526
Apr 2016026436.561.99$526
Mar 2016027433.011.79$492
Feb 2016022126.472.06$456
Jan 2016022527.352.36$532
Dec 2015025732.362.00$514
Nov 2015026538.792.17$574
Oct 2015028343.552.43$687
Sep 2015027642.992.76$761
Aug 2015030040.162.87$862
Jul 2015031648.152.95$931
Jun 2015029456.152.88$848
May 2015031955.212.96$943
Apr 2015031449.822.71$850
Mar 2015031142.892.93$913
Feb 2015012844.662.98$381
Jan 2015025243.433.10$781
Dec 2014034854.693.59$1,250
Nov 2014034570.464.25$1,467
Oct 2014035178.303.90$1,369
Sep 2014036586.164.05$1,477
Aug 2014036689.394.04$1,477
Jul 2014030396.564.18$1,266
Jun 2014032598.164.74$1,539
May 2014040394.734.73$1,905
Apr 2014034995.944.81$1,678
Mar 2014025595.895.06$1,289
Feb 201405997.406.19$365
Jan 2014030590.404.86$1,483
Dec 2013033791.824.35$1,467
Nov 2013032788.853.74$1,222
Oct 2013024497.423.78$922
Sep 20130339104.113.72$1,260
Aug 20130334104.253.52$1,177
Jul 20130324102.523.72$1,205
Jun 2013027194.403.93$1,066
May 2013039294.834.15$1,626
Apr 2013034393.964.28$1,469
Mar 2013036093.623.91$1,409
Feb 2013034791.233.42$1,187
Jan 2013036191.603.42$1,235
Dec 2012049986.773.42$1,707
Nov 2012031686.953.62$1,145
Oct 2012030589.383.40$1,037
Sep 2012027394.672.92$797
Aug 2012027692.662.91$803
Jul 2012029185.133.02$879
Jun 2012035779.822.52$899
May 2012038891.612.49$965
Apr 20120396101.652.00$791
Mar 20120411105.052.22$913
Feb 20120311101.102.57$799
Jan 2012030798.092.73$839
Dec 2011032796.873.24$1,059
Nov 2011034195.723.31$1,129
Oct 2011033084.983.65$1,204
Sep 2011029983.623.99$1,192
Aug 2011031483.404.15$1,303
Jul 2011033894.144.52$1,527
Jun 2011033792.904.64$1,564
May 2011041698.134.40$1,832
Apr 20110432105.964.33$1,872
Mar 2011035796.364.06$1,448
Feb 2011031085.644.18$1,296
Jan 2011031986.504.59$1,464
Dec 2010031285.734.35$1,357
Nov 2010036580.843.80$1,385
Oct 2010036478.103.51$1,277
Sep 2010035872.633.98$1,425
Aug 2010036773.684.42$1,622
Jul 2010036972.554.74$1,748
Jun 2010036770.364.91$1,802
May 2010036271.124.24$1,533
Apr 2010034881.694.12$1,435
Mar 2010037178.394.39$1,628
Feb 2010032173.585.44$1,747
Jan 2010037874.365.96$2,254
Dec 2009034871.445.48$1,908
Nov 2009035674.593.75$1,336
Oct 2009038072.544.11$1,562
Sep 2009035065.543.06$1,073
Aug 2009031267.423.22$1,004
Jul 2009034861.133.46$1,206
Jun 2009029566.163.90$1,149
May 2009039754.743.93$1,559
Apr 2009042946.773.59$1,539
Mar 2009043042.144.06$1,745
Feb 2009014432.814.63$667
Jan 2009038335.865.37$2,057
Dec 2008034037.105.98$2,032
Nov 2008034655.496.86$2,374
Oct 2008045275.246.92$3,129
Sep 20080479101.767.88$3,773
Aug 20080490114.228.48$4,157
Jul 20080375131.0811.39$4,271
Jun 20080428131.3313.03$5,578
May 20080487123.1711.57$5,637
Apr 20080423110.3110.45$4,422
Mar 20080421101.909.66$4,069
Feb 2008035892.538.77$3,140
Jan 2008041690.388.21$3,414
Dec 2007028588.337.30$2,081
Nov 2007034891.677.29$2,538
Oct 2007037482.856.92$2,589
Sep 2007037175.846.24$2,317
Aug 2007039169.066.39$2,498
Jul 2007039670.906.39$2,530
Jun 2007038862.007.55$2,929
May 2007039958.747.85$3,131
Apr 2007039459.617.81$3,075
Mar 2007042456.927.30$3,096
Feb 2007037055.108.22$3,040
Jan 2007043550.306.73$2,926
Dec 2006040356.656.92$2,788
Nov 2006043454.207.62$3,306
Oct 2006044554.906.01$2,676
Sep 2006046960.085.04$2,362
Aug 2006034668.717.34$2,540
Jul 2006035269.376.34$2,233
Jun 2006051166.286.38$3,262
May 2006056666.016.42$3,637
Apr 2006049664.397.36$3,651
Mar 2006048456.707.08$3,428
Feb 2006042857.597.75$3,317
Jan 2006050460.598.93$4,502
Dec 2005055254.9413.42$7,405
Nov 2005048354.6910.59$5,114
Oct 2005054058.3413.80$7,450
Sep 2005051661.4512.08$6,233
Aug 2005059461.519.80$5,819
Jul 2005048555.697.84$3,804
Jun 2005052152.337.38$3,846
May 2005058245.226.65$3,871
Apr 2005054549.207.36$4,011
Mar 2005060050.377.15$4,293
Feb 2005054045.226.31$3,408
Jan 2005059543.166.32$3,762
Dec 2004052039.866.75$3,511
Nov 2004051445.286.33$3,254
Oct 2004057149.706.52$3,720
Sep 2004053443.245.28$2,822
Aug 2004060042.375.55$3,330
Jul 2004060738.286.08$3,693
Jun 2004062136.106.43$3,995
May 2004064037.486.49$4,157
Apr 2004063434.475.86$3,714
Mar 2004069934.365.53$3,866
Feb 2004052432.455.51$2,887
Jan 2004069032.036.30$4,347
Dec 2003073030.266.30$4,600
Nov 2003068128.804.60$3,129
Oct 2003074128.174.76$3,527
Sep 2003076126.314.75$3,614
Aug 2003077429.765.13$3,970
Jul 2003082729.415.17$4,276
Jun 2003082128.565.98$4,912
May 2003084626.595.97$5,053
Apr 2003081026.675.41$4,380
Mar 2003080331.146.10$4,895
Feb 2003064433.487.93$5,104
Jan 2003063030.315.58$3,517
Dec 2002054126.914.85$2,626
Nov 2002054224.664.14$2,242
Oct 2002051326.464.23$2,170
Sep 2002045527.443.64$1,654
Aug 2002047825.963.16$1,512
Jul 2002042424.583.06$1,298
Jun 2002049323.733.34$1,646
May 2002016824.663.58$602
Apr 2002027023.653.51$948
Mar 2002030822.003.10$956
Feb 2002018518.222.38$440
Jan 2002020417.172.38$485
Dec 2001019416.932.36$459
Nov 2001016918.072.41$407
Oct 2001017719.782.53$448
Sep 2001015624.262.25$351
Aug 2001013024.873.05$397
Jul 200102623.933.20$83
Jun 2001024724.563.82$945
May 2001027925.524.31$1,202
Apr 2001030024.685.34$1,601
Mar 2001031424.545.38$1,688
Feb 2001022727.755.77$1,309
Jan 2001028427.478.40$2,385
Dec 2000028226.889.12$2,573
Nov 2000025032.215.66$1,415
Oct 2000029231.235.15$1,502
Sep 2000027131.875.19$1,406
Aug 2000033829.644.54$1,535
Jul 2000032328.534.09$1,321
Jun 2000030329.304.40$1,332
May 2000030827.263.68$1,133
Apr 2000029324.513.12$913
Mar 2000030828.422.86$881
Feb 2000030527.622.73$832
Jan 2000026025.272.48$645
Dec 1999032624.282.42$790
Nov 1999034223.192.43$832
Oct 1999032320.982.80$906
Sep 1999031721.752.62$830
Aug 1999036419.262.88$1,047
Jul 1999036517.892.37$866
Jun 1999035715.942.36$843
May 1999036615.792.32$849
Apr 1999038115.102.21$841
Mar 1999042612.471.84$783
Feb 199903479.981.82$631
Jan 1999037410.381.90$711
Dec 199802439.201.77$431
Nov 1998029710.892.19$649
Oct 1998036312.421.97$715
Sep 1998036812.592.08$766
Aug 1998037611.301.91$717
Jul 1998029211.742.24$653
Jun 1998034411.242.24$770
May 1998037112.622.21$819
Apr 1998042313.042.51$1,060
Mar 1998046212.802.31$1,067
Feb 1998019513.952.30$448
Jan 1998035614.702.15$767
Dec 1997030016.322.41$723
Nov 1997047718.193.09$1,473
Oct 1997019519.253.15$614
Sep 1997043317.742.95$1,279
Aug 1997033717.862.55$861
Jul 1997045217.582.25$1,016
Jun 1997045117.242.26$1,018
May 1997030418.972.31$702
Apr 1997340517.882.08$897
Mar 1997539018.951.94$851
Feb 1997440020.492.21$964
Jan 1997450223.483.54$1,871
Dec 1996042823.32—$0
Nov 1996032321.97—$0
Oct 1996042023.31—$0
Sep 1996045522.22—$0
Aug 1996021820.26—$0
Jul 1996039819.55—$0
Jun 1996023918.73—$0
May 1996046119.43—$0
Apr 1996057921.51—$0
Mar 1996010519.38—$0
Feb 19960016.98—$0
Jan 19960017.07—$0
Dec 19950017.19—$0
Nov 19950016.00—$0
Oct 199506915.43—$0
Sep 1995056616.18—$0
Aug 1995040615.92—$0
Jul 1995033215.24—$0
Jun 1995055416.41—$0
May 1995041217.56—$0
Apr 1995026717.73—$0
Mar 1995057616.44—$0
Feb 1995053916.58—$0
Jan 1995056515.92—$0
Dec 1994058115.03—$0
Nov 1994051115.90—$0
Oct 1994051815.58—$0
Sep 1994047715.29—$0
Aug 1994052916.13—$0
Jul 1994053117.56—$0
Jun 1994054117.09—$0
May 1994053215.88—$0
Apr 1994051114.14—$0
Mar 1994054812.46—$0
Feb 1994052212.50—$0
Jan 1994055912.66—$0
Dec 1993061812.33—$0
Nov 1993057814.49—$0
Oct 1993065815.85—$0
Sep 1993076315.03—$0
Aug 199301,12415.66—$0
Jul 199301,68515.46—$0
Jun 19930116.79—$0
May 19930017.68—$0
Apr 19930018.05—$0
Mar 19930018.14—$0
Feb 19930017.90—$0
Jan 19930016.93—$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                  205 Mcf  × $  3.05 =       $624

────────────────────────────────────────────────────
Month total                                     $624

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/80978 is the state's own key, not one this site invented.