LYTLE N-68

Operated by BULLET DEVELOPMENT, LLC (P-5 106513) in the TAYLOR COUNTY REGULAR field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 31940District 7BField 88520001OilSaveExport
Value, all time
$408 k
Apr 2015 – May 2026
Value, last 12 filed months
$32 k
at the published price for each month
Months reported
134
no gaps in the span
Streams
1
oil

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 717 leases and 1,491 wells, and the rule below applies to all of them.

Discovered
1929-12-31
as the register files it
Field class
Oil
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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
OilDisposition6,696 bbl$408,100
Total$408,100

Wells on this lease (3)

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 32.4001, -99.6937. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

32.39981, -99.69339 · 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 3 wells
With a plug date
66.7%
2 of 3 wells
Median depth
1,869 ft
3 wells filed one
Completion to plug
2 wells filed both, dated out of order

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
266.7%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
133.3%

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

Between 1,856 and 1,946 ft, median 1,869 ft, over the 3 wells that filed a depth.

Completions filed
Sep 2016 – Aug 2024
3 of 3 wells
Plug dates filed
Sep 1998
2 of 3 wells; 1 filed none

Last completion to plug: no median is published. 2 wells on this lease filed both dates, and on every one of them the last completion is dated after the plug date, so there is no interval to take a median of. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-441345693B1,869 ftAug 2024
42-441045852B1,856 ftJul 2024Sep 1998
42-441045841B1,946 ftSep 2016Sep 1998

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 (134)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

134 months

May 20260106.413.05$0
Apr 2026098.932.87$0
Mar 202613589.753.15$12,116
Feb 2026063.503.75$0
Jan 2026059.138.00$0
Dec 2025056.664.41$0
Nov 202513658.593.93$7,968
Oct 2025059.383.30$0
Sep 2025062.743.08$0
Aug 202510063.933.01$6,393
Jul 2025066.743.32$0
Jun 20258966.483.13$5,917
May 2025060.553.23$0
Apr 2025062.363.54$0
Mar 2025067.704.27$0
Feb 202515970.884.34$11,270
Jan 2025074.324.28$0
Dec 2024068.993.12$0
Nov 2024069.052.20$0
Oct 2024071.372.28$0
Sep 2024069.612.36$0
Aug 2024075.632.06$0
Jul 2024079.932.15$0
Jun 2024078.082.63$0
May 202415778.812.20$12,373
Apr 2024084.451.66$0
Mar 2024080.301.55$0
Feb 2024076.091.78$0
Jan 202416473.023.30$11,975
Dec 2023071.262.61$0
Nov 2023077.892.81$0
Oct 2023085.443.09$0
Sep 202316289.042.74$14,424
Aug 2023080.522.67$0
Jul 2023074.852.64$0
Jun 202317268.962.26$11,861
May 2023070.622.23$0
Apr 2023078.122.24$0
Mar 202316872.852.39$12,239
Feb 2023075.112.47$0
Jan 2023076.533.39$0
Dec 2022076.415.73$0
Nov 202215985.005.65$13,515
Oct 2022087.185.86$0
Sep 202217184.888.16$14,514
Aug 2022094.529.13$0
Jul 20220101.587.54$0
Jun 20220115.097.98$0
May 2022170109.378.43$18,593
Apr 20220104.226.84$0
Mar 20220108.885.08$0
Feb 202216291.054.86$14,750
Jan 2022081.844.54$0
Dec 2021071.323.90$0
Nov 202116077.435.24$12,389
Oct 2021079.795.71$0
Sep 2021069.865.35$0
Aug 202117466.024.22$11,487
Jul 2021070.783.98$0
Jun 202117769.493.38$12,300
May 2021063.483.02$0
Apr 202116960.362.76$10,201
Mar 2021061.302.72$0
Feb 202117357.805.55$9,999
Jan 2021050.412.81$0
Dec 2020044.642.68$0
Nov 2020038.772.71$0
Oct 202016436.972.48$6,063
Sep 2020037.091.99$0
Aug 202022639.982.39$9,035
Jul 2020038.371.83$0
Jun 202016434.901.69$5,724
May 202016516.921.81$2,792
Apr 2020014.751.80$0
Mar 20201830.341.86$546
Feb 202017249.881.98$8,579
Jan 20207857.252.09$4,466
Dec 201928559.012.30$16,818
Nov 201910555.302.75$5,807
Oct 201916553.472.42$8,823
Sep 2019055.052.66$0
Aug 201916353.112.30$8,657
Jul 2019056.272.46$0
Jun 2019052.782.49$0
May 2019058.482.74$0
Apr 2019062.632.75$0
Mar 2019056.803.06$0
Feb 201914350.852.79$7,272
Jan 2019046.033.23$0
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 2018061.443.40$0
Sep 2018059.543.11$0
Aug 201813459.403.07$7,960
Jul 2018065.142.93$0
Jun 20185360.183.08$3,190
May 20188365.382.90$5,427
Apr 20188163.842.90$5,171
Mar 201812161.222.79$7,408
Feb 2018061.782.77$0
Jan 201810362.874.01$6,476
Dec 2017057.272.92$0
Nov 201715955.423.12$8,812
Oct 2017049.292.98$0
Sep 20176147.523.09$2,899
Aug 20178945.373.00$4,038
Jul 201710943.873.09$4,782
Jun 20177542.493.09$3,187
May 201716545.373.26$7,486
Apr 20179247.933.21$4,410
Mar 201715346.772.98$7,156
Feb 201741350.452.95$20,836
Jan 2017049.413.42$0
Dec 2016048.763.72$0
Nov 2016042.492.64$0
Oct 2016046.193.09$0
Sep 2016041.553.10$0
Aug 2016041.442.92$0
Jul 2016041.622.92$0
Jun 2016045.352.69$0
May 2016042.521.99$0
Apr 2016036.561.99$0
Mar 2016033.011.79$0
Feb 2016026.472.06$0
Jan 2016027.352.36$0
Dec 2015032.362.00$0
Nov 2015038.792.17$0
Oct 2015043.552.43$0
Sep 2015042.992.76$0
Aug 2015040.162.87$0
Jul 2015048.152.95$0
Jun 2015056.152.88$0
May 2015055.212.96$0
Apr 2015049.822.71$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.

Mar 2026 — as filed, then multipliedworked
Oil                  135 bbl  × $ 89.75 =    $12,116

────────────────────────────────────────────────────
Month total                                  $12,116

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/O/31940 is the state's own key, not one this site invented.