READ 1

Operated by PRIMAL ENERGY CORPORATION (P-5 677741) in the READ RANCH (STRAWN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 157003District 7CField 750293702 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.5 M
Dec 1995 – May 2026
Value, last 12 filed months
$18 k
at the published price for each month
Months reported
366
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 8 leases and 8 wells, and the rule below applies to all of them.

Discovered
1995-12-21
as the register files it
Field class
Gas
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2002-05-09.

The Commission's schedule remark for this field reads: 5/9/02

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
High Cost Gas111999-10-19140760
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
CondensateDisposition266 bbl$6,039
GasProduction1,147,209 Mcf$3,510,537
Total$3,516,576

275,612 Mcf of this lease's gas, across 13 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 30.5681, -101.0713. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.56807, -101.07125 · 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
100.0%
1 of 1 wells
Median depth
9,317 ft
1 wells filed one
Completion to plug
1 well 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
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
00.0%

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 9,317 ft.

Completions filed
Dec 1995
1 of 1 wells
Plug dates filed
May 1984
1 of 1 wells

Last completion to plug: no median is published. 1 well on this lease filed both dates, and on that one 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.

1 well

42-1053479319,317 ftDec 1995May 1984

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 (366)

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

366 months

May 2026015106.413.05$46
Apr 20260098.932.87$0
Mar 2026037789.753.15$1,187
Feb 2026037763.503.75$1,414
Jan 2026048659.138.00$3,887
Dec 2025048456.664.41$2,136
Nov 2025045458.593.93$1,783
Oct 2025048859.383.30$1,613
Sep 2025047262.743.08$1,452
Aug 2025048663.933.01$1,465
Jul 2025048666.743.32$1,611
Jun 2025047166.483.13$1,474
May 2025049360.553.23$1,594
Apr 2025049062.363.54$1,736
Mar 2025050867.704.27$2,168
Feb 2025045870.884.34$1,988
Jan 2025050674.324.28$2,165
Dec 2024050568.993.12$1,576
Nov 2024049169.052.20$1,079
Oct 2024055271.372.28$1,259
Sep 2024053869.612.36$1,272
Aug 2024062275.632.06$1,284
Jul 2024057379.932.15$1,230
Jun 2024056778.082.63$1,493
May 2024059478.812.20$1,306
Apr 2024048384.451.66$801
Mar 2024042080.301.55$649
Feb 2024041876.091.78$746
Jan 2024047973.023.30$1,580
Dec 2023050571.262.61$1,318
Nov 2023042177.892.81$1,182
Oct 2023044485.443.09$1,371
Sep 2023042389.042.74$1,157
Aug 2023052480.522.67$1,401
Jul 2023045574.852.64$1,202
Jun 2023051168.962.26$1,154
May 2023053970.622.23$1,201
Apr 2023051178.122.24$1,144
Mar 2023054572.852.39$1,304
Feb 2023043775.112.47$1,078
Jan 2023049376.533.39$1,670
Dec 2022042876.415.73$2,452
Nov 2022042085.005.65$2,371
Oct 2022042287.185.86$2,475
Sep 2022042084.888.16$3,429
Aug 2022043494.529.13$3,961
Jul 20220435101.587.54$3,281
Jun 20220486115.097.98$3,877
May 20220541109.378.43$4,562
Apr 20220527104.226.84$3,603
Mar 20220547108.885.08$2,777
Feb 2022056091.054.86$2,721
Jan 2022059681.844.54$2,704
Dec 2021062071.323.90$2,417
Nov 2021061177.435.24$3,200
Oct 2021071779.795.71$4,097
Sep 202101,55069.865.35$8,294
Aug 2021054766.024.22$2,309
Jul 202101,02770.783.98$4,090
Jun 202101,46869.493.38$4,963
May 202101,51163.483.02$4,560
Apr 202101,37160.362.76$3,782
Mar 2021025761.302.72$698
Feb 202101457.805.55$78
Jan 202102950.412.81$82
Dec 2020013144.642.68$350
Nov 20200038.772.71$0
Oct 202004136.972.48$102
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 202001,24430.341.86$2,309
Feb 202001,39049.881.98$2,753
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 201907462.632.75$204
Mar 2019083956.803.06$2,569
Feb 2019074750.852.79$2,086
Jan 2019066246.033.23$2,137
Dec 2018087446.594.19$3,658
Nov 2018081152.934.24$3,436
Oct 2018084461.443.40$2,868
Sep 2018082059.543.11$2,549
Aug 2018085759.403.07$2,628
Jul 2018087065.142.93$2,551
Jun 2018081360.183.08$2,502
May 2018086565.382.90$2,509
Apr 2018093363.842.90$2,706
Mar 201801,02261.222.79$2,848
Feb 2018092261.782.77$2,550
Jan 2018088362.874.01$3,540
Dec 201701,00257.272.92$2,927
Nov 201701,01355.423.12$3,159
Oct 2017097549.292.98$2,909
Sep 2017094447.523.09$2,914
Aug 2017097045.373.00$2,914
Jul 201701,06643.873.09$3,291
Jun 2017098442.493.09$3,038
May 201701,07845.373.26$3,518
Apr 2017095747.933.21$3,074
Mar 201701,01546.772.98$3,028
Feb 2017088250.452.95$2,604
Jan 2017098149.413.42$3,354
Dec 2016099348.763.72$3,697
Nov 2016094342.492.64$2,494
Oct 2016099646.193.09$3,078
Sep 2016096641.553.10$2,995
Aug 2016097541.442.92$2,851
Jul 201601,00041.622.92$2,924
Jun 2016091145.352.69$2,447
May 2016074042.521.99$1,473
Apr 2016074036.561.99$1,473
Mar 2016075133.011.79$1,347
Feb 2016072826.472.06$1,502
Jan 2016077527.352.36$1,832
Dec 2015075232.362.00$1,505
Nov 2015072238.792.17$1,565
Oct 2015074643.552.43$1,810
Sep 2015074442.992.76$2,052
Aug 2015073740.162.87$2,117
Jul 2015075948.152.95$2,235
Jun 2015073656.152.88$2,122
May 2015076355.212.96$2,255
Apr 2015073649.822.71$1,992
Mar 2015074842.892.93$2,195
Feb 2015061144.662.98$1,818
Jan 2015075443.433.10$2,338
Dec 2014077354.693.59$2,776
Nov 2014076570.464.25$3,253
Oct 2014077678.303.90$3,027
Sep 2014074586.164.05$3,014
Aug 2014076089.394.04$3,067
Jul 2014086596.564.18$3,615
Jun 2014090598.164.74$4,287
May 2014091094.734.73$4,301
Apr 2014096495.944.81$4,636
Mar 2014076495.895.06$3,863
Feb 2014082197.406.19$5,084
Jan 2014090590.404.86$4,399
Dec 2013071291.824.35$3,100
Nov 2013085788.853.74$3,204
Oct 2013088497.423.78$3,341
Sep 20130897104.113.72$3,335
Aug 20130907104.253.52$3,195
Jul 20130918102.523.72$3,413
Jun 201301,07194.403.93$4,213
May 201301,09994.834.15$4,560
Apr 201301,07093.964.28$4,582
Mar 2013099793.623.91$3,901
Feb 201301,03691.233.42$3,543
Jan 201301,15191.603.42$3,936
Dec 201201,12686.773.42$3,851
Nov 201201,10786.953.62$4,013
Oct 201201,20289.383.40$4,086
Sep 201201,27994.672.92$3,733
Aug 2012090192.662.91$2,620
Jul 2012080585.133.02$2,432
Jun 201201,08679.822.52$2,736
May 2012077291.612.49$1,921
Apr 20120969101.652.00$1,935
Mar 20120934105.052.22$2,075
Feb 201201,049101.102.57$2,696
Jan 201201,16698.092.73$3,188
Dec 201101,16396.873.24$3,768
Nov 201101,11795.723.31$3,699
Oct 201101,25384.983.65$4,572
Sep 201101,17783.623.99$4,691
Aug 201101,27483.404.15$5,286
Jul 201101,28094.144.52$5,782
Jun 201101,24992.904.64$5,795
May 201101,30198.134.40$5,731
Apr 201101,120105.964.33$4,853
Mar 201101,30296.364.06$5,283
Feb 2011090385.644.18$3,775
Jan 201101,30186.504.59$5,970
Dec 201001,44685.734.35$6,287
Nov 201001,28680.843.80$4,881
Oct 201001,33178.103.51$4,670
Sep 201001,28872.633.98$5,126
Aug 201001,45373.684.42$6,421
Jul 201001,48472.554.74$7,029
Jun 201001,31570.364.91$6,457
May 201001,24371.124.24$5,264
Apr 201001,29981.694.12$5,355
Mar 201001,74978.394.39$7,676
Feb 201001,57773.585.44$8,583
Jan 201001,89474.365.96$11,296
Dec 200901,88571.445.48$10,337
Nov 200901,84374.593.75$6,914
Oct 200901,93472.544.11$7,949
Sep 200901,78865.543.06$5,480
Aug 200901,79167.423.22$5,764
Jul 200901,60961.133.46$5,574
Jun 200901,79366.163.90$6,984
May 200901,85854.743.93$7,294
Apr 200901,79946.773.59$6,454
Mar 200901,77342.144.06$7,197
Feb 200901,59732.814.63$7,399
Jan 200901,55935.865.37$8,373
Dec 200801,73837.105.98$10,388
Nov 200802,53255.496.86$17,370
Oct 200802,29875.246.92$15,907
Sep 200802,101101.767.88$16,550
Aug 200802,597114.228.48$22,030
Jul 200802,656131.0811.39$30,250
Jun 200802,611131.3313.03$34,028
May 200802,383123.1711.57$27,582
Apr 200802,579110.3110.45$26,963
Mar 200802,620101.909.66$25,320
Feb 200802,38092.538.77$20,874
Jan 200802,62590.388.21$21,540
Dec 200702,42988.337.30$17,736
Nov 200702,43991.677.29$17,784
Oct 200702,56982.856.92$17,783
Sep 200702,48475.846.24$15,510
Aug 200702,58469.066.39$16,506
Jul 200702,75770.906.39$17,612
Jun 200702,69062.007.55$20,305
May 200702,88458.747.85$22,629
Apr 200702,79159.617.81$21,784
Mar 200702,74956.927.30$20,073
Feb 200702,41955.108.22$19,875
Jan 200702,86750.306.73$19,286
Dec 200601,95656.656.92$13,532
Nov 200601,77354.207.62$13,506
Oct 200612,21754.906.01$13,387
Sep 200602,09960.085.04$10,573
Aug 200602,19068.717.34$16,074
Jul 200602,28069.376.34$14,461
Jun 200602,51566.286.38$16,055
May 200602,69166.016.42$17,290
Apr 200602,50864.397.36$18,460
Mar 200602,30256.707.08$16,305
Feb 200602,13057.597.75$16,510
Jan 200602,47060.598.93$22,065
Dec 200502,46954.9413.42$33,123
Nov 200502,42254.6910.59$25,645
Oct 200502,56558.3413.80$35,386
Sep 200502,36261.4512.08$28,531
Aug 200502,63261.519.80$25,785
Jul 200502,21155.697.84$17,342
Jun 200502,44152.337.38$18,017
May 200502,48145.226.65$16,502
Apr 200502,65349.207.36$19,527
Mar 200512,75950.377.15$19,791
Feb 200502,29145.226.31$14,461
Jan 200502,70643.166.32$17,108
Dec 200402,65839.866.75$17,944
Nov 200402,54245.286.33$16,092
Oct 200402,55249.706.52$16,627
Sep 200402,63543.245.28$13,923
Aug 200402,78242.375.55$15,442
Jul 200402,84438.286.08$17,303
Jun 200402,75336.106.43$17,710
May 200402,87337.486.49$18,659
Apr 200402,98134.475.86$17,464
Mar 200403,11534.365.53$17,226
Feb 200402,67332.455.51$14,727
Jan 200403,04132.036.30$19,157
Dec 200303,05930.266.30$19,277
Nov 200302,94128.804.60$13,514
Oct 200303,16628.174.76$15,069
Sep 200303,23126.314.75$15,345
Aug 200303,21829.765.13$16,507
Jul 200303,56629.415.17$18,439
Jun 200303,34928.565.98$20,037
May 200303,49026.595.97$20,845
Apr 200303,36326.675.41$18,185
Mar 200303,66931.146.10$22,366
Feb 200303,51033.487.93$27,820
Jan 200303,96630.315.58$22,138
Dec 200204,35926.914.85$21,158
Nov 200204,17424.664.14$17,268
Oct 200204,52126.464.23$19,120
Sep 200204,01227.443.64$14,584
Aug 2002164,50425.963.16$14,667
Jul 200204,25424.583.06$13,025
Jun 200204,22923.733.34$14,117
May 200264,52224.663.58$16,355
Apr 200203,96323.653.51$13,919
Mar 200204,22722.003.10$13,115
Feb 200204,37318.222.38$10,389
Jan 200204,26217.172.38$10,125
Dec 200134,85216.932.36$11,523
Nov 200104,17218.072.41$10,036
Oct 200145,30619.782.53$13,497
Sep 200105,32724.262.25$11,993
Aug 200105,12624.873.05$15,651
Jul 200145,58523.933.20$17,951
Jun 200106,04124.563.82$23,102
May 200185,93625.524.31$25,772
Apr 200105,04524.685.34$26,917
Mar 200146,07024.545.38$32,733
Feb 200105,15327.755.77$29,718
Jan 200114,97527.478.40$41,811
Dec 2000314,82626.889.12$44,858
Nov 2000265,69032.215.66$33,031
Oct 200005,99231.235.15$30,832
Sep 200004,43631.875.19$23,007
Aug 200005,19529.644.54$23,589
Jul 200045,87328.534.09$24,133
Jun 200005,15629.304.40$22,672
May 200095,71227.263.68$21,264
Apr 200005,47424.513.12$17,057
Mar 200005,97328.422.86$17,081
Feb 2000126,26827.622.73$17,421
Jan 200006,43025.272.48$15,950
Dec 1999137,41424.282.42$18,285
Nov 199906,13023.192.43$14,920
Oct 199927,12120.982.80$20,007
Sep 199907,15221.752.62$18,730
Aug 199908,72319.262.88$25,084
Jul 199903,71817.892.37$8,820
Jun 199967,11215.942.36$16,895
May 199907,22315.792.32$16,765
Apr 199907,10615.102.21$15,690
Mar 199907,90512.471.84$14,532
Feb 199907,3309.981.82$13,324
Jan 199908,57810.381.90$16,298
Dec 199808,1519.201.77$14,454
Nov 1998188,61710.892.19$19,030
Oct 199809,21412.421.97$18,144
Sep 199808,02812.592.08$16,719
Aug 199856,96011.301.91$13,332
Jul 199808,33511.742.24$18,648
Jun 199808,30811.242.24$18,587
May 199808,52912.622.21$18,818
Apr 199808,74713.042.51$21,914
Mar 199809,10112.802.31$21,018
Feb 199898,78113.952.30$20,314
Jan 1998010,12814.702.15$21,824
Dec 1997610,13616.322.41$24,537
Nov 1997010,27218.193.09$31,723
Oct 19971210,79219.253.15$34,224
Sep 199709,67317.742.95$28,583
Aug 1997611,91617.862.55$30,549
Jul 1997011,32917.582.25$25,456
Jun 1997012,40717.242.26$28,005
May 1997911,81118.972.31$27,436
Apr 19971912,51917.882.08$26,414
Mar 1997013,75018.951.94$26,663
Feb 1997013,22220.492.21$29,166
Jan 1997013,00823.483.54$46,044
Dec 1996013,77223.32$0
Nov 1996012,89421.97$0
Oct 1996715,96723.31$163
Sep 19961816,90422.22$400
Aug 1996019,05720.26$0
Jul 1996020,54919.55$0
Jun 1996620,58718.73$112
May 1996023,90219.43$0
Apr 1996027,15021.51$0
Mar 1996027,53519.38$0
Feb 1996045,85816.98$0
Jan 1996025,21017.07$0
Dec 199506,22717.19$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                   15 Mcf  × $  3.05 =        $46

────────────────────────────────────────────────────
Month total                                      $46

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. 7C/G/157003 is the state's own key, not one this site invented.