TXL HOLZGRAF Z5

Operated by COG OPERATING LLC (P-5 166150) in the PEGASUS (CONSOLIDATED) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 21453District 7CField 70279100OilCasinghead gasSaveExport
Value, all time
$35.1 M
Aug 2021 – May 2026
Value, last 12 filed months
$3.2 M
at the published price for each month
Months reported
58
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 165 leases and 521 wells, and the rule below applies to all of them.

Discovered
2010-04-20
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2013-11-12.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA REMAINS SUSPENDED.

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
OilDisposition339,217 bbl$27,345,863
Casinghead gasProduction1,665,014 Mcf$7,729,204
Total$35,075,067

Every month this lease reported (58)

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

58 months

May 20262,33220,140106.413.05$309,491
Apr 20262,39721,26398.932.87$298,154
Mar 20262,28519,51589.753.15$266,540
Feb 20269335,21363.503.75$78,796
Jan 20262,56931,29459.138.00$402,192
Dec 20252,64331,54356.664.41$288,963
Nov 20252,64833,09458.593.93$285,088
Oct 20253,09929,53959.383.30$281,640
Sep 20252,88426,20062.743.08$261,557
Aug 20252,69929,64363.933.01$261,914
Jul 20252,81824,40266.743.32$268,971
Jun 20252,77317,97966.483.13$240,600
May 20252,92515,08660.553.23$225,872
Apr 20253,22512,70762.363.54$246,133
Mar 20253,71618,58067.704.27$330,879
Feb 20252,27411,30570.884.34$210,254
Jan 20253,29323,07274.324.28$343,453
Dec 20244,05441,95668.993.12$410,646
Nov 20243,54834,48669.052.20$320,805
Oct 20243,23529,95571.372.28$299,221
Sep 20243,37216,89969.612.36$274,680
Aug 20243,45617,20675.632.06$296,884
Jul 20243,71617,76579.932.15$335,154
Jun 20243,93317,73778.082.63$353,808
May 20243,84417,16078.812.20$340,671
Apr 20244,37117,23584.451.66$397,727
Mar 20245,40611,85880.301.55$452,424
Feb 20243,5079,83676.091.78$284,392
Jan 20243,8249,78573.023.30$311,496
Dec 20234,3099,21271.262.61$331,109
Nov 20234,3158,96777.892.81$361,271
Oct 20232,6424,47085.443.09$239,533
Sep 20231,5015,27589.042.74$148,076
Aug 202333089680.522.67$28,967
Jul 20230074.852.64$0
Jun 202315068.962.26$1,034
May 20234332,24970.622.23$35,588
Apr 20235,02434,89978.122.24$470,570
Mar 20236,22236,37872.852.39$540,331
Feb 20235,87328,25675.112.47$510,791
Jan 20236,37238,05376.533.39$616,562
Dec 20225,89638,57476.415.73$671,507
Nov 20226,36340,06085.005.65$767,042
Oct 20226,30342,88187.185.86$800,939
Sep 20226,47143,15184.888.16$901,529
Aug 20227,08043,07394.529.13$1,062,336
Jul 20227,34542,078101.587.54$1,063,461
Jun 20228,63841,297115.097.98$1,323,582
May 20229,65247,737109.378.43$1,458,207
Apr 20229,23345,362104.226.84$1,272,430
Mar 202210,73662,375108.885.08$1,485,576
Feb 202211,61762,10991.054.86$1,359,506
Jan 202213,93775,99781.844.54$1,485,454
Dec 202117,98183,26471.323.90$1,607,061
Nov 202121,66486,21077.435.24$2,128,912
Oct 202129,77075,45879.795.71$2,806,506
Sep 202136,61452,26769.865.35$2,837,531
Aug 20211,1022,01366.024.22$81,250

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                2,332 bbl  × $106.41 =   $248,148
Casinghead gas    20,140 Mcf  × $  3.05 =    $61,343

────────────────────────────────────────────────────
Month total                                 $309,491

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/O/21453 is the state's own key, not one this site invented.