GRAF, J. H. NCT-4

Name: GRAF, J. H. NCT-4 lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by RAYDEN (P-5 695567) in the HAZEL (SPRABERRY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 2390District 7CField 39913750NGPA filingOilCasinghead gasSave Export

Value, all time

$1.8 M

Jan 1993 – Mar 2021

Value, last 12 filed months

$16 k

at the published price for each month

Months reported

339

no gaps in the span

Streams

oil, casinghead gas

The HAZEL (SPRABERRY) 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 5 leases and 10 wells, and the rule below applies to all of them.

Discovered

1956-07-13

as the register files it

Field class

Oil

the register's own label

Between wells

2,100 ft

minimum

From a lease line

660 ft

minimum

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

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	2	none	—	—

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.

Stream	Basis	Volume	Value
Oil	Disposition	19,054 bbl	$827,935
Casinghead gas	Production	267,638 Mcf	$962,948
Total			$1,790,883

71,501 Mcf of this lease's gas, across 48 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 (4)

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 31.4797, -102.0664. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.9 miles.

31.48013, -102.06691 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

4 of 4 wells

With a plug date

100.0%

4 of 4 wells

Median depth

7,850 ft

4 wells filed one

Completion to plug

21.0 years

median over 3 wells

What the state filed about each well

On the RRC proration schedule

4100.0%

A plug date is filed

4100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

4100.0%

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

Between 7,786 and 12,363 ft, median 7,850 ft, over the 4 wells that filed a depth.

Completions filed

Jul 1956 – Nov 1962

3 of 4 wells; 1 filed none

Plug dates filed

Jun 1978 – Sep 2025

4 of 4 wells

Last completion to plug: a median of 21.0 years across the 3 wells that filed both dates, with the middle half between 20.8 years and 45.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells


42-46102983	2	7,786 ft	—	Jun 1978	Yes
42-46102985	4	7,850 ft	Nov 1962	May 1983	Yes
42-46102984	3	7,850 ft	Jun 1962	Jun 1983	Yes
42-46102982	1	12,363 ft	Jul 1956	Sep 2025	Yes

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 (339)

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

339 months


Mar 2021	0	0	61.30	2.72	$0
Feb 2021	0	0	57.80	5.55	$0
Jan 2021	0	0	50.41	2.81	$0
Dec 2020	0	0	44.64	2.68	$0
Nov 2020	0	0	38.77	2.71	$0
Oct 2020	0	0	36.97	2.48	$0
Sep 2020	0	0	37.09	1.99	$0
Aug 2020	0	0	39.98	2.39	$0
Jul 2020	0	0	38.37	1.83	$0
Jun 2020	219	0	34.90	1.69	$7,643
May 2020	352	0	16.92	1.81	$5,956
Apr 2020	176	0	14.75	1.80	$2,596
Mar 2020	180	0	30.34	1.86	$5,461
Feb 2020	179	0	49.88	1.98	$8,929
Jan 2020	180	0	57.25	2.09	$10,305
Dec 2019	173	0	59.01	2.30	$10,209
Nov 2019	0	0	55.30	2.75	$0
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	169	0	55.05	2.66	$9,303
Aug 2019	0	0	53.11	2.30	$0
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	172	0	52.78	2.49	$9,078
May 2019	172	0	58.48	2.74	$10,059
Apr 2019	0	0	62.63	2.75	$0
Mar 2019	180	0	56.80	3.06	$10,224
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	187	0	46.59	4.19	$8,712
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	182	0	61.22	2.79	$11,142
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	225	57.27	2.92	$657
Nov 2017	0	78	55.42	3.12	$243
Oct 2017	174	125	49.29	2.98	$8,949
Sep 2017	0	225	47.52	3.09	$695
Aug 2017	178	268	45.37	3.00	$8,881
Jul 2017	184	342	43.87	3.09	$9,128
Jun 2017	0	148	42.49	3.09	$457
May 2017	0	12	45.37	3.26	$39
Apr 2017	0	440	47.93	3.21	$1,413
Mar 2017	0	141	46.77	2.98	$421
Feb 2017	0	8	50.45	2.95	$24
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	33	46.19	3.09	$102
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	372	41.44	2.92	$1,088
Jul 2016	171	211	41.62	2.92	$7,734
Jun 2016	0	198	45.35	2.69	$532
May 2016	0	117	42.52	1.99	$233
Apr 2016	0	391	36.56	1.99	$779
Mar 2016	160	397	33.01	1.79	$5,994
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	109	32.36	2.00	$218
Nov 2015	0	291	38.79	2.17	$631
Oct 2015	0	216	43.55	2.43	$524
Sep 2015	0	168	42.99	2.76	$463
Aug 2015	167	147	40.16	2.87	$7,129
Jul 2015	0	305	48.15	2.95	$898
Jun 2015	0	353	56.15	2.88	$1,018
May 2015	0	362	55.21	2.96	$1,070
Apr 2015	167	98	49.82	2.71	$8,585
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	56	44.66	2.98	$167
Jan 2015	0	10	43.43	3.10	$31
Dec 2014	0	18	54.69	3.59	$65
Nov 2014	158	17	70.46	4.25	$11,205
Oct 2014	0	11	78.30	3.90	$43
Sep 2014	0	3	86.16	4.05	$12
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	25	96.56	4.18	$104
Jun 2014	0	2,014	98.16	4.74	$9,540
May 2014	170	37	94.73	4.73	$16,279
Apr 2014	0	99	95.94	4.81	$476
Mar 2014	0	13	95.89	5.06	$66
Feb 2014	0	217	97.40	6.19	$1,344
Jan 2014	0	22	90.40	4.86	$107
Dec 2013	174	0	91.82	4.35	$15,977
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	171	0	104.25	3.52	$17,827
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	168	30	94.40	3.93	$15,977
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	95	93.96	4.28	$407
Mar 2013	159	380	93.62	3.91	$16,372
Feb 2013	0	254	91.23	3.42	$869
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	173	0	86.77	3.42	$15,011
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	17	89.38	3.40	$58
Sep 2012	182	89	94.67	2.92	$17,490
Aug 2012	0	41	92.66	2.91	$119
Jul 2012	0	59	85.13	3.02	$178
Jun 2012	0	29	79.82	2.52	$73
May 2012	181	182	91.61	2.49	$17,034
Apr 2012	0	89	101.65	2.00	$178
Mar 2012	0	69	105.05	2.22	$153
Feb 2012	181	170	101.10	2.57	$18,736
Jan 2012	0	132	98.09	2.73	$361
Dec 2011	0	324	96.87	3.24	$1,050
Nov 2011	182	397	95.72	3.31	$18,736
Oct 2011	0	245	84.98	3.65	$894
Sep 2011	0	374	83.62	3.99	$1,491
Aug 2011	181	403	83.40	4.15	$16,768
Jul 2011	0	291	94.14	4.52	$1,315
Jun 2011	0	693	92.90	4.64	$3,215
May 2011	0	729	98.13	4.40	$3,211
Apr 2011	179	805	105.96	4.33	$22,455
Mar 2011	0	900	96.36	4.06	$3,652
Feb 2011	0	777	85.64	4.18	$3,248
Jan 2011	0	907	86.50	4.59	$4,162
Dec 2010	0	725	85.73	4.35	$3,152
Nov 2010	0	626	80.84	3.80	$2,376
Oct 2010	176	596	78.10	3.51	$15,837
Sep 2010	0	554	72.63	3.98	$2,205
Aug 2010	0	633	73.68	4.42	$2,797
Jul 2010	0	756	72.55	4.74	$3,581
Jun 2010	0	983	70.36	4.91	$4,827
May 2010	175	1,123	71.12	4.24	$17,202
Apr 2010	0	704	81.69	4.12	$2,902
Mar 2010	0	656	78.39	4.39	$2,879
Feb 2010	0	823	73.58	5.44	$4,479
Jan 2010	185	940	74.36	5.96	$19,363
Dec 2009	0	984	71.44	5.48	$5,396
Nov 2009	0	999	74.59	3.75	$3,748
Oct 2009	182	1,054	72.54	4.11	$17,534
Sep 2009	0	993	65.54	3.06	$3,043
Aug 2009	0	1,031	67.42	3.22	$3,318
Jul 2009	0	1,072	61.13	3.46	$3,714
Jun 2009	174	1,047	66.16	3.90	$15,590
May 2009	0	1,078	54.74	3.93	$4,232
Apr 2009	0	1,070	46.77	3.59	$3,839
Mar 2009	187	1,125	42.14	4.06	$12,447
Feb 2009	0	993	32.81	4.63	$4,601
Jan 2009	0	1,225	35.86	5.37	$6,579
Dec 2008	0	1,039	37.10	5.98	$6,210
Nov 2008	167	1,331	55.49	6.86	$18,398
Oct 2008	0	802	75.24	6.92	$5,551
Sep 2008	0	382	101.76	7.88	$3,009
Aug 2008	0	1,060	114.22	8.48	$8,992
Jul 2008	190	1,053	131.08	11.39	$36,898
Jun 2008	0	1,011	131.33	13.03	$13,176
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	1,080	110.31	10.45	$11,291
Mar 2008	194	0	101.90	9.66	$19,769
Feb 2008	0	1,049	92.53	8.77	$9,200
Jan 2008	192	1,123	90.38	8.21	$26,568
Dec 2007	0	1,113	88.33	7.30	$8,127
Nov 2007	0	1,097	91.67	7.29	$7,999
Oct 2007	0	1,107	82.85	6.92	$7,663
Sep 2007	0	1,057	75.84	6.24	$6,600
Aug 2007	190	1,091	69.06	6.39	$20,091
Jul 2007	0	1,105	70.90	6.39	$7,059
Jun 2007	189	1,060	62.00	7.55	$19,719
May 2007	0	1,108	58.74	7.85	$8,694
Apr 2007	0	1,118	59.61	7.81	$8,726
Mar 2007	198	1,105	56.92	7.30	$19,339
Feb 2007	0	1,047	55.10	8.22	$8,602
Jan 2007	0	1,132	50.30	6.73	$7,615
Dec 2006	0	1,149	56.65	6.92	$7,949
Nov 2006	0	1,147	54.20	7.62	$8,737
Oct 2006	191	1,237	54.90	6.01	$17,925
Sep 2006	0	1,163	60.08	5.04	$5,858
Aug 2006	0	1,176	68.71	7.34	$8,632
Jul 2006	0	1,246	69.37	6.34	$7,903
Jun 2006	188	679	66.28	6.38	$16,795
May 2006	0	442	66.01	6.42	$2,840
Apr 2006	0	1,140	64.39	7.36	$8,391
Mar 2006	0	1,155	56.70	7.08	$8,181
Feb 2006	183	1,046	57.59	7.75	$18,647
Jan 2006	0	1,149	60.59	8.93	$10,264
Dec 2005	0	1,142	54.94	13.42	$15,320
Nov 2005	193	1,118	54.69	10.59	$22,393
Oct 2005	0	1,148	58.34	13.80	$15,838
Sep 2005	0	1,160	61.45	12.08	$14,012
Aug 2005	0	1,176	61.51	9.80	$11,521
Jul 2005	194	1,176	55.69	7.84	$20,028
Jun 2005	0	1,134	52.33	7.38	$8,370
May 2005	0	1,120	45.22	6.65	$7,449
Apr 2005	0	1,086	49.20	7.36	$7,993
Mar 2005	181	1,090	50.37	7.15	$16,916
Feb 2005	0	960	45.22	6.31	$6,059
Jan 2005	196	1,078	43.16	6.32	$15,275
Dec 2004	0	1,087	39.86	6.75	$7,338
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	196	1,082	49.70	6.52	$16,791
Sep 2004	0	1,069	43.24	5.28	$5,648
Aug 2004	194	1,157	42.37	5.55	$14,642
Jul 2004	0	1,158	38.28	6.08	$7,045
Jun 2004	187	1,181	36.10	6.43	$14,348
May 2004	0	1,313	37.48	6.49	$8,527
Apr 2004	0	1,269	34.47	5.86	$7,434
Mar 2004	0	1,312	34.36	5.53	$7,256
Feb 2004	211	1,210	32.45	5.51	$13,514
Jan 2004	0	1,381	32.03	6.30	$8,700
Dec 2003	0	776	30.26	6.30	$4,890
Nov 2003	0	994	28.80	4.60	$4,568
Oct 2003	189	1,089	28.17	4.76	$10,507
Sep 2003	0	1,175	26.31	4.75	$5,581
Aug 2003	0	1,153	29.76	5.13	$5,915
Jul 2003	0	1,224	29.41	5.17	$6,329
Jun 2003	188	1,062	28.56	5.98	$11,723
May 2003	0	1,228	26.59	5.97	$7,334
Apr 2003	198	1,223	26.67	5.41	$11,894
Mar 2003	0	1,287	31.14	6.10	$7,846
Feb 2003	194	1,152	33.48	7.93	$15,626
Jan 2003	0	1,354	30.31	5.58	$7,558
Dec 2002	0	1,404	26.91	4.85	$6,815
Nov 2002	0	698	24.66	4.14	$2,888
Oct 2002	197	1,171	26.46	4.23	$10,165
Sep 2002	0	1,246	27.44	3.64	$4,529
Aug 2002	0	1,327	25.96	3.16	$4,199
Jul 2002	192	1,433	24.58	3.06	$9,107
Jun 2002	0	486	23.73	3.34	$1,622
May 2002	0	0	24.66	3.58	$0
Apr 2002	197	1,187	23.65	3.51	$8,828
Mar 2002	0	1,191	22.00	3.10	$3,695
Feb 2002	0	1,032	18.22	2.38	$2,452
Jan 2002	197	1,212	17.17	2.38	$6,262
Dec 2001	0	1,109	16.93	2.36	$2,622
Nov 2001	0	1,169	18.07	2.41	$2,812
Oct 2001	197	1,234	19.78	2.53	$7,017
Sep 2001	0	1,222	24.26	2.25	$2,751
Aug 2001	0	1,260	24.87	3.05	$3,847
Jul 2001	0	1,272	23.93	3.20	$4,067
Jun 2001	186	1,232	24.56	3.82	$9,280
May 2001	0	1,302	25.52	4.31	$5,608
Apr 2001	196	1,235	24.68	5.34	$11,426
Mar 2001	0	1,272	24.54	5.38	$6,839
Feb 2001	0	1,125	27.75	5.77	$6,488
Jan 2001	200	1,243	27.47	8.40	$15,934
Dec 2000	0	1,285	26.88	9.12	$11,722
Nov 2000	0	1,266	32.21	5.66	$7,163
Oct 2000	196	1,360	31.23	5.15	$13,119
Sep 2000	0	1,377	31.87	5.19	$7,142
Aug 2000	0	933	29.64	4.54	$4,237
Jul 2000	0	1,283	28.53	4.09	$5,247
Jun 2000	0	1,227	29.30	4.40	$5,395
May 2000	162	1,276	27.26	3.68	$9,111
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	0	1,339	28.42	2.86	$3,829
Feb 2000	167	0	27.62	2.73	$4,613
Jan 2000	0	1,332	25.27	2.48	$3,304
Dec 1999	187	1,339	24.28	2.42	$7,786
Nov 1999	0	1,331	23.19	2.43	$3,240
Oct 1999	169	0	20.98	2.80	$3,546
Sep 1999	0	0	21.75	2.62	$0
Aug 1999	0	1,364	19.26	2.88	$3,922
Jul 1999	171	1,331	17.89	2.37	$6,217
Jun 1999	185	1,405	15.94	2.36	$6,268
May 1999	0	1,482	15.79	2.32	$3,440
Apr 1999	372	1,271	15.10	2.21	$8,424
Mar 1999	342	1,408	12.47	1.84	$6,853
Feb 1999	0	1,266	9.98	1.82	$2,301
Jan 1999	0	1,368	10.38	1.90	$2,599
Dec 1998	0	1,423	9.20	1.77	$2,523
Nov 1998	0	1,400	10.89	2.19	$3,060
Oct 1998	0	1,378	12.42	1.97	$2,714
Sep 1998	0	1,236	12.59	2.08	$2,574
Aug 1998	0	1,287	11.30	1.91	$2,455
Jul 1998	0	1,391	11.74	2.24	$3,112
Jun 1998	0	1,334	11.24	2.24	$2,985
May 1998	0	1,300	12.62	2.21	$2,868
Apr 1998	0	0	13.04	2.51	$0
Mar 1998	0	0	12.80	2.31	$0
Feb 1998	0	444	13.95	2.30	$1,021
Jan 1998	0	1,362	14.70	2.15	$2,935
Dec 1997	0	1,416	16.32	2.41	$3,414
Nov 1997	0	0	18.19	3.09	$0
Oct 1997	177	1,439	19.25	3.15	$7,940
Sep 1997	0	1,371	17.74	2.95	$4,051
Aug 1997	0	1,403	17.86	2.55	$3,584
Jul 1997	0	1,443	17.58	2.25	$3,242
Jun 1997	182	1,392	17.24	2.26	$6,280
May 1997	0	1,453	18.97	2.31	$3,354
Apr 1997	0	1,401	17.88	2.08	$2,918
Mar 1997	185	1,457	18.95	1.94	$6,331
Feb 1997	0	1,297	20.49	2.21	$2,861
Jan 1997	171	1,489	23.48	3.54	$9,286
Dec 1996	0	1,453	23.32	—	$0
Nov 1996	181	1,447	21.97	—	$3,977
Oct 1996	0	1,538	23.31	—	$0
Sep 1996	0	1,502	22.22	—	$0
Aug 1996	176	1,584	20.26	—	$3,566
Jul 1996	0	1,667	19.55	—	$0
Jun 1996	157	1,419	18.73	—	$2,941
May 1996	0	1,084	19.43	—	$0
Apr 1996	0	1,434	21.51	—	$0
Mar 1996	154	1,541	19.38	—	$2,985
Feb 1996	0	1,444	16.98	—	$0
Jan 1996	163	1,639	17.07	—	$2,782
Dec 1995	0	1,656	17.19	—	$0
Nov 1995	155	1,510	16.00	—	$2,480
Oct 1995	0	1,569	15.43	—	$0
Sep 1995	176	1,512	16.18	—	$2,848
Aug 1995	0	1,586	15.92	—	$0
Jul 1995	175	1,677	15.24	—	$2,667
Jun 1995	0	1,257	16.41	—	$0
May 1995	0	1,511	17.56	—	$0
Apr 1995	167	1,456	17.73	—	$2,961
Mar 1995	0	1,510	16.44	—	$0
Feb 1995	166	1,393	16.58	—	$2,752
Jan 1995	0	1,621	15.92	—	$0
Dec 1994	176	1,598	15.03	—	$2,645
Nov 1994	0	1,437	15.90	—	$0
Oct 1994	0	1,112	15.58	—	$0
Sep 1994	0	1,354	15.29	—	$0
Aug 1994	181	1,651	16.13	—	$2,920
Jul 1994	0	1,631	17.56	—	$0
Jun 1994	174	1,620	17.09	—	$2,974
May 1994	162	1,696	15.88	—	$2,573
Apr 1994	0	1,747	14.14	—	$0
Mar 1994	171	1,775	12.46	—	$2,131
Feb 1994	173	1,423	12.50	—	$2,163
Jan 1994	0	2,048	12.66	—	$0
Dec 1993	158	767	12.33	—	$1,948
Nov 1993	0	1,348	14.49	—	$0
Oct 1993	0	1,609	15.85	—	$0
Sep 1993	0	1,601	15.03	—	$0
Aug 1993	172	1,177	15.66	—	$2,694
Jul 1993	0	1,195	15.46	—	$0
Jun 1993	0	720	16.79	—	$0
May 1993	170	1,638	17.68	—	$3,006
Apr 1993	0	1,010	18.05	—	$0
Mar 1993	172	2,117	18.14	—	$3,120
Feb 1993	184	1,308	17.90	—	$3,294
Jan 1993	0	1,909	16.93	—	$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.

Jun 2020 — as filed, then multipliedworked

Oil                  219 bbl  × $ 34.90 =     $7,643
Casinghead gas         0 Mcf  × $  1.69 =         $0

────────────────────────────────────────────────────
Month total                                   $7,643

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/2390 is the state's own key, not one this site invented.