WARD, J. M. -B-

Operated by BASA RESOURCES, INC. (P-5 53974) in the STEPHENS COUNTY REGULAR field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 3809District 7BField 85948001Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$52.7 M
Jan 1993 – May 2026
Value, last 12 filed months
$1.3 M
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 1,255 leases and 4,008 wells, and the rule below applies to all of them.

Discovered
1916-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: CLASS 4 W/DAILY 150 = 6000 TO 8000'

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
NGPA7none

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
OilDisposition1,130,019 bbl$52,272,544
Casinghead gasProduction132,380 Mcf$457,188
Total$52,729,732

16,858 Mcf of this lease's gas, across 47 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 (33)

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 32.7411, -98.9209. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.5 miles.

32.74056, -98.92430 · 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
54.5%
18 of 33 wells
With a plug date
45.5%
15 of 33 wells
Median depth
3,273 ft
32 wells filed one
Completion to plug
21.2 years
median over 5 wells

What the state filed about each well

On the RRC proration schedule
1854.5%
A plug date is filed
1545.5%
BothOn the schedule and plugged. Neither fact cancels the other.
1545.5%
NeitherNo plug date, and not on the schedule.
1545.5%

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, 32 of 33 wells. Median 3,273 ft, with the middle half between 3,187 and 3,320 ft; the shallowest is 3,120 ft and the deepest 3,380 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, 21 of 33 wells, Feb 1980 – Jan 2024. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Feb 1980 – Jan 2024
21 of 33 wells; 12 filed none
Plug dates filed
Dec 1922 – Dec 2024
15 of 33 wells; 18 filed none

Last completion to plug: a median of 21.2 years across the 5 wells that filed both dates, with the middle half between 10.7 years and 21.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

33 wells

42-42901178173,165 ftJun 1993Yes
42-42904497183,180 ftMay 1987Yes
42-42904498133,146 ftJul 1940Yes
42-42930323233,200 ftAug 2000Yes
42-42930325253,215 ftYes
42-42930329243,270 ftJun 1981Yes
42-42980645163,160 ftJun 2002Yes
42-42980648203,223 ftSep 1989Yes
42-42982751193,182 ftNov 2012Yes
42-4298275293,120 ftMar 1946Yes
42-42982753143,222 ftDec 1922Yes
42-4293238930
42-42930328263,200 ftJan 2024Yes
42-42920043213,340 ftJul 2013
42-42930347273,150 ftJun 2012Yes
42-4293256135W3,320 ftJun 2012
42-4293669544H3,132 ftFeb 2012
42-42980644153,189 ftFeb 2002Dec 2024Yes
42-42935412433,275 ftOct 1993
42-42930324223,240 ftApr 1991
42-4293258131W3,350 ftJan 1991
42-42932570393,380 ftDec 1989
42-42932627403,350 ftJul 1989
42-4293496818A3,350 ftMar 1988
42-4293258542W3,310 ftJan 1981Mar 2002Yes
42-4293258333W3,320 ftJan 1981Dec 1984Yes
42-4293255534W3,350 ftJan 1981
42-4293258437W3,310 ftOct 1980Mar 2002Yes
42-4293256036W3,330 ftOct 1980
42-4293258232W3,295 ftOct 1980
42-42932569383,300 ftAug 1980
42-42932390293,300 ftFeb 1980
42-42932391283,300 ftFeb 1980Oct 1990Yes

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 20261,708127106.413.05$182,135
Apr 20261,40519998.932.87$139,568
Mar 20261,498089.753.15$134,446
Feb 20261,350063.503.75$85,725
Jan 20261,525059.138.00$90,173
Dec 20251,558056.664.41$88,276
Nov 20251,406058.593.93$82,378
Oct 20251,554059.383.30$92,277
Sep 20251,476062.743.08$92,604
Aug 20251,462063.933.01$93,466
Jul 20251,420066.743.32$94,771
Jun 20251,264066.483.13$84,031
May 20251,369060.553.23$82,893
Apr 20251,370062.363.54$85,433
Mar 20251,441067.704.27$97,556
Feb 20251,347070.884.34$95,475
Jan 20251,604074.324.28$119,209
Dec 20241,596068.993.12$110,108
Nov 20241,530069.052.20$105,647
Oct 20241,571071.372.28$112,122
Sep 20241,557069.612.36$108,383
Aug 20241,590075.632.06$120,252
Jul 20241,558079.932.15$124,531
Jun 20241,564078.082.63$122,117
May 20241,681078.812.20$132,480
Apr 20241,563084.451.66$131,995
Mar 20241,598080.301.55$128,319
Feb 20241,580076.091.78$120,222
Jan 20241,685073.023.30$123,039
Dec 20231,704071.262.61$121,427
Nov 20231,629077.892.81$126,883
Oct 20231,6841585.443.09$143,927
Sep 20231,593689.042.74$141,857
Aug 20231,450080.522.67$116,754
Jul 20231,633074.852.64$122,230
Jun 20231,687068.962.26$116,336
May 20231,829070.622.23$129,164
Apr 20231,643078.122.24$128,351
Mar 20231,793072.852.39$130,620
Feb 20231,730075.112.47$129,940
Jan 20231,762076.533.39$134,846
Dec 20221,824076.415.73$139,372
Nov 20221,792085.005.65$152,320
Oct 20221,875087.185.86$163,463
Sep 20221,733084.888.16$147,097
Aug 20221,780094.529.13$168,246
Jul 20221,7450101.587.54$177,257
Jun 20221,7100115.097.98$196,804
May 20221,7570109.378.43$192,163
Apr 20221,8930104.226.84$197,288
Mar 20221,9250108.885.08$209,594
Feb 20221,800091.054.86$163,890
Jan 20221,75273181.844.54$146,701
Dec 20211,99076971.323.90$144,925
Nov 20211,94673177.435.24$154,507
Oct 20211,90342579.795.71$154,269
Sep 20211,58928769.865.35$112,543
Aug 20211,87751566.024.22$126,093
Jul 20211,87150570.783.98$134,440
Jun 20211,79914969.493.38$125,516
May 20211,83135863.483.02$117,312
Apr 20211,86536260.362.76$113,570
Mar 20211,91142761.302.72$118,304
Feb 20211,37318657.805.55$80,391
Jan 20211,91957350.412.81$98,347
Dec 20201,90972344.642.68$87,152
Nov 20201,89819738.772.71$74,119
Oct 20201,96675536.972.48$74,554
Sep 20201,8921,41437.091.99$72,990
Aug 20201,9281,65739.982.39$81,034
Jul 20201,96873038.371.83$76,845
Jun 20201,91189734.901.69$68,210
May 20201,96192916.921.81$34,866
Apr 20201,9491114.751.80$28,768
Mar 20201,92951130.341.86$59,474
Feb 20201,93023249.881.98$96,728
Jan 20202,06240957.252.09$118,906
Dec 20192,0201,42759.012.30$122,489
Nov 20191,99062555.302.75$111,766
Oct 20192,0361,06753.472.42$111,446
Sep 20192,0151,01255.052.66$113,615
Aug 20192,0821,10053.112.30$113,110
Jul 20192,02677456.272.46$115,907
Jun 20192,0011,19052.782.49$108,577
May 20191,95783658.482.74$116,736
Apr 20191,9799862.632.75$124,214
Mar 20192,2089456.803.06$125,702
Feb 20191,95619950.852.79$100,018
Jan 20192,14131146.033.23$99,554
Dec 20181,99942946.594.19$94,929
Nov 20181,98530452.934.24$106,354
Oct 20182,05345661.443.40$127,686
Sep 20182,03289459.543.11$123,764
Aug 20182,0531,16759.403.07$125,527
Jul 20181,9801,23765.142.93$132,604
Jun 20182,01590860.183.08$124,057
May 20182,06783165.382.90$137,551
Apr 20182,17673163.842.90$141,036
Mar 20182,11558561.222.79$131,111
Feb 20181,92332561.782.77$119,702
Jan 20182,20831862.874.01$140,092
Dec 20172,27937857.272.92$131,623
Nov 20172,14426955.423.12$119,659
Oct 20172,2931,05949.292.98$116,182
Sep 20172,1811,24247.523.09$107,476
Aug 20172,2161,28045.373.00$104,386
Jul 20172,1701,24743.873.09$99,048
Jun 20172,14287742.493.09$93,721
May 20172,15537645.373.26$98,999
Apr 20172,15937647.933.21$104,688
Mar 20172,33564646.772.98$111,135
Feb 20172,11176350.452.95$108,753
Jan 20172,39077749.413.42$120,746
Dec 20162,33491348.763.72$117,205
Nov 20162,2391,15342.492.64$98,184
Oct 20162,2401,14246.193.09$106,995
Sep 20162,18466041.553.10$92,792
Aug 20162,32647641.442.92$97,781
Jul 20162,33093741.622.92$99,715
Jun 20162,28668945.352.69$105,521
May 20162,29997242.521.99$99,689
Apr 20162,29388236.561.99$85,588
Mar 20162,29944233.011.79$76,683
Feb 20162,31056026.472.06$62,301
Jan 20162,38034627.352.36$65,911
Dec 20152,49848932.362.00$81,814
Nov 20152,37673138.792.17$93,749
Oct 20152,3771,07343.552.43$106,122
Sep 20152,30698942.992.76$101,863
Aug 20152,41997640.162.87$99,951
Jul 20152,47285748.152.95$121,551
Jun 20152,41778756.152.88$137,983
May 20152,40968155.212.96$135,014
Apr 20152,47577449.822.71$125,399
Mar 20152,60585842.892.93$114,246
Feb 20152,40140044.662.98$108,419
Jan 20152,74246243.433.10$120,518
Dec 20142,73150154.693.59$151,158
Nov 20142,63741670.464.25$187,572
Oct 20142,79658378.303.90$221,201
Sep 20142,69451486.164.05$234,194
Aug 20142,71597489.394.04$246,624
Jul 20142,82144796.564.18$274,264
Jun 20142,87425598.164.74$283,320
May 20143,15042894.734.73$300,422
Apr 20142,97030295.944.81$286,394
Mar 20143,07134695.895.06$296,228
Feb 20142,74011197.406.19$267,563
Jan 20143,04217290.404.86$275,833
Dec 20133,1118491.824.35$286,018
Nov 20132,92111788.853.74$259,968
Oct 20133,05924497.423.78$298,930
Sep 20133,004402104.113.72$314,241
Aug 20133,126345104.253.52$327,101
Jul 20132,836202102.523.72$291,498
Jun 20132,71127194.403.93$256,984
May 20132,75260894.834.15$263,495
Apr 20132,74484193.964.28$261,428
Mar 20132,79360793.623.91$263,856
Feb 20132,56940491.233.42$235,752
Jan 20132,79573491.603.42$258,532
Dec 20122,89585486.773.42$254,120
Nov 20122,79854586.953.62$245,262
Oct 20122,87877889.383.40$259,881
Sep 20122,70749794.672.92$257,722
Aug 20122,89442892.662.91$269,403
Jul 20122,99957285.133.02$257,033
Jun 20122,87845579.822.52$230,868
May 20123,07455491.612.49$282,988
Apr 20123,040684101.652.00$310,382
Mar 20123,319579105.052.22$349,948
Feb 20123,501220101.102.57$354,517
Jan 20122,42618098.092.73$238,458
Dec 20112,48726896.873.24$241,784
Nov 20112,37510795.723.31$227,689
Oct 20112,47211184.983.65$210,476
Sep 20112,22711783.623.99$186,688
Aug 20112,37521783.404.15$198,975
Jul 20112,56572794.144.52$244,753
Jun 20112,383092.904.64$221,381
May 20112,450098.134.40$240,419
Apr 20112,4660105.964.33$261,297
Mar 20112,491096.364.06$240,033
Feb 20112,213085.644.18$189,521
Jan 20112,433086.504.59$210,455
Dec 20102,599085.734.35$222,812
Nov 20102,481080.843.80$200,564
Oct 20102,504078.103.51$195,562
Sep 20102,417072.633.98$175,547
Aug 20102,520073.684.42$185,674
Jul 20102,584072.554.74$187,469
Jun 20102,501070.364.91$175,970
May 20102,575071.124.24$183,134
Apr 20102,584081.694.12$211,087
Mar 20102,622078.394.39$205,539
Feb 20102,275073.585.44$167,395
Jan 20102,655074.365.96$197,426
Dec 20092,484071.445.48$177,457
Nov 20092,563074.593.75$191,174
Oct 20092,676072.544.11$194,117
Sep 20092,639065.543.06$172,960
Aug 20092,671067.423.22$180,079
Jul 20092,707061.133.46$165,479
Jun 20092,630066.163.90$174,001
May 20092,75532354.743.93$152,077
Apr 20092,446046.773.59$114,399
Mar 20092,778042.144.06$117,065
Feb 20092,416032.814.63$79,269
Jan 20092,783035.865.37$99,798
Dec 20082,692037.105.98$99,873
Nov 20082,559055.496.86$141,999
Oct 20082,745075.246.92$206,534
Sep 20082,6240101.767.88$267,018
Aug 20082,6970114.228.48$308,051
Jul 20082,7770131.0811.39$364,009
Jun 20082,7380131.3313.03$359,582
May 20082,8100123.1711.57$346,108
Apr 20082,5710110.3110.45$283,607
Mar 20082,7800101.909.66$283,282
Feb 20082,568092.538.77$237,617
Jan 20082,817090.388.21$254,600
Dec 20072,811088.337.30$248,296
Nov 20072,845091.677.29$260,801
Oct 20073,00246182.856.92$251,907
Sep 20072,471075.846.24$187,401
Aug 20072,81255769.066.39$197,755
Jul 20072,89458270.906.39$208,902
Jun 20072,768062.007.55$171,616
May 20072,756058.747.85$161,887
Apr 20072,790059.617.81$166,312
Mar 20072,905056.927.30$165,353
Feb 20072,73150555.108.22$154,627
Jan 20072,887050.306.73$145,216
Dec 20062,879056.656.92$163,095
Nov 20062,880054.207.62$156,096
Oct 20062,954054.906.01$162,175
Sep 20062,91258160.085.04$177,880
Aug 20062,945068.717.34$202,351
Jul 20062,94243269.376.34$206,827
Jun 20062,923066.286.38$193,736
May 20062,96463166.016.42$199,708
Apr 20062,925064.397.36$188,341
Mar 20063,10071656.707.08$180,841
Feb 20062,7541,06457.597.75$166,850
Jan 20063,1351,65560.598.93$204,734
Dec 20053,2101,00254.9413.42$189,800
Nov 20053,007054.6910.59$164,453
Oct 20053,10136558.3413.80$185,948
Sep 20053,03340261.4512.08$191,234
Aug 20053,11036061.519.80$194,823
Jul 20053,11880555.697.84$179,956
Jun 20053,85095352.337.38$208,505
May 20053,1391,07245.226.65$149,076
Apr 20053,0471,08749.207.36$157,913
Mar 20053,21157650.377.15$165,859
Feb 20052,94061145.226.31$136,803
Jan 20053,162043.166.32$136,472
Dec 20043,28233339.866.75$133,069
Nov 20042,86437545.286.33$132,056
Oct 20042,96950149.706.52$150,823
Sep 20042,87164643.245.28$127,555
Aug 20042,96067142.375.55$129,140
Jul 20042,51457038.286.08$99,704
Jun 20042,39456936.106.43$90,084
May 20042,68589637.486.49$106,453
Apr 20042,5411,11334.475.86$94,109
Mar 20042,6711,13334.365.53$98,041
Feb 20042,52153532.455.51$84,754
Jan 20042,50640732.036.30$82,831
Dec 20032,15966630.266.30$69,528
Nov 20032,06668328.804.60$62,639
Oct 20032,07862528.174.76$61,512
Sep 20031,53830826.314.75$41,928
Aug 20031,43321029.765.13$43,723
Jul 20031,69420129.415.17$50,860
Jun 20031,74320928.565.98$51,031
May 20031,81930026.595.97$50,159
Apr 20031,6848026.675.41$45,345
Mar 20031,7949931.146.10$56,469
Feb 20031,5537033.487.93$52,549
Jan 20031,92611930.315.58$59,041
Dec 20021,85611326.914.85$50,493
Nov 20021,86913324.664.14$46,640
Oct 20021,9788426.464.23$52,693
Sep 20021,9186627.443.64$52,870
Aug 20021,94813825.963.16$51,007
Jul 20022,00716524.583.06$49,837
Jun 20022,0287123.733.34$48,361
May 20022,16017924.663.58$53,907
Apr 20022,08213223.653.51$49,703
Mar 20022,26711122.003.10$50,218
Feb 20022,02910218.222.38$37,211
Jan 20022,2004217.172.38$37,874
Dec 20012,2605816.932.36$38,399
Nov 20012,2917818.072.41$41,586
Oct 20012,39611019.782.53$47,671
Sep 20012,30610524.262.25$56,180
Aug 20012,42814024.873.05$60,812
Jul 20012,46010723.933.20$59,210
Jun 20012,39114124.563.82$59,262
May 20012,4198825.524.31$62,112
Apr 20012,35315024.685.34$58,872
Mar 20012,65814524.545.38$66,007
Feb 20012,66020027.755.77$74,968
Jan 20013,21721127.478.40$90,143
Dec 20003,13613826.889.12$85,555
Nov 20003,08829432.215.66$101,128
Oct 20003,41244331.235.15$108,836
Sep 20003,02733131.875.19$98,187
Aug 20003,12731729.644.54$94,124
Jul 20003,24428828.534.09$93,729
Jun 20003,12221029.304.40$92,398
May 20003,15920027.263.68$86,850
Apr 20003,22017724.513.12$79,474
Mar 20003,23917328.422.86$92,547
Feb 20003,31016727.622.73$91,878
Jan 20003,27715025.272.48$83,182
Dec 19993,45825324.282.42$84,573
Nov 19993,21834123.192.43$75,455
Oct 19993,28728820.982.80$69,769
Sep 19993,28823621.752.62$72,132
Aug 19993,19825219.262.88$62,318
Jul 19993,12024117.892.37$56,389
Jun 19993,16836115.942.36$51,351
May 19993,37425515.792.32$53,867
Apr 19993,30032415.102.21$50,545
Mar 19993,15029412.471.84$39,821
Feb 19992,9201549.981.82$29,422
Jan 19993,38616710.381.90$35,464
Dec 19983,4321389.201.77$31,819
Nov 19983,3709410.892.19$36,905
Oct 19983,74715412.421.97$46,841
Sep 19983,48321512.592.08$44,299
Aug 19983,7447811.301.91$42,456
Jul 19983,5928511.742.24$42,360
Jun 19983,53723211.242.24$40,275
May 19983,59721312.622.21$45,864
Apr 19983,42522513.042.51$45,226
Mar 19983,68819012.802.31$47,645
Feb 19983,37721013.952.30$47,592
Jan 19983,94626414.702.15$58,575
Dec 19973,73818816.322.41$61,457
Nov 19973,86926218.193.09$71,186
Oct 19973,86820219.253.15$75,095
Sep 19973,8249617.742.95$68,121
Aug 19974,19611017.862.55$75,222
Jul 19974,0451817.582.25$71,152
Jun 19974,0021817.242.26$69,035
May 19974,2711618.972.31$81,058
Apr 19974,0624317.882.08$72,718
Mar 19974,15513718.951.94$79,003
Feb 19973,8193520.492.21$78,329
Jan 19974,15922923.483.54$98,464
Dec 19964,2366223.32$98,784
Nov 19963,8944021.97$85,551
Oct 19964,03628023.31$94,079
Sep 19964,13814222.22$91,946
Aug 19964,21412020.26$85,376
Jul 19964,15526219.55$81,230
Jun 19964,32623218.73$81,026
May 19964,37313719.43$84,967
Apr 19964,37635721.51$94,128
Mar 19964,67737019.38$90,640
Feb 19964,30836516.98$73,150
Jan 19964,77032717.07$81,424
Dec 19954,64630417.19$79,865
Nov 19954,46244116.00$71,392
Oct 19954,58950215.43$70,808
Sep 19954,54167716.18$73,473
Aug 19954,92734015.92$78,438
Jul 19954,95643415.24$75,529
Jun 19954,62734116.41$75,929
May 19954,91142617.56$86,237
Apr 19954,77835717.73$84,714
Mar 19955,13815216.44$84,469
Feb 19954,9856716.58$82,651
Jan 19955,4236515.92$86,334
Dec 19945,3816115.03$80,876
Nov 19945,2976115.90$84,222
Oct 19945,604015.58$87,310
Sep 19945,214915.29$79,722
Aug 19945,489916.13$88,538
Jul 19945,7926317.56$101,708
Jun 19945,5018517.09$94,012
May 19945,90025015.88$93,692
Apr 19945,55341814.14$78,519
Mar 19945,64539612.46$70,337
Feb 19945,10459212.50$63,800
Jan 19946,11061212.66$77,353
Dec 19936,62854212.33$81,723
Nov 19936,70550514.49$97,155
Oct 19937,67748515.85$121,680
Sep 19936,62053715.03$99,499
Aug 19936,52865315.66$102,228
Jul 19936,47867015.46$100,150
Jun 19936,27461016.79$105,340
May 19936,30088817.68$111,384
Apr 19936,25155318.05$112,831
Mar 19936,71165118.14$121,738
Feb 19936,28663817.90$112,519
Jan 19937,36277016.93$124,639

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                1,708 bbl  × $106.41 =   $181,748
Casinghead gas       127 Mcf  × $  3.05 =       $387

────────────────────────────────────────────────────
Month total                                 $182,135

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/3809 is the state's own key, not one this site invented.