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TEXAS -Y-

Operated by L & M OPERATING, INC. (P-5 480113) in the PRICE (GRAYBURG) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 4156District 7CField 73085500Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$22.5 M
Jan 1993 – May 2026
Value, last 12 filed months
$539 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
oil, casinghead gas

The PRICE (GRAYBURG) 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 67 leases and 331 wells, and the rule below applies to all of them.

Discovered
1953-08-25
as the register files it
Field class
Oil
the register's own label
Between wells
933 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres.

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: “OPTIONAL 20 ACRE UNITS-W/1500' MAX DIAG.”

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
NGPA10none——

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
OilDisposition392,509 bbl$20,589,499
Casinghead gasProduction437,853 Mcf$1,943,282
Total$22,532,781

33,530 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 (24)

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 31.1393, -101.4216. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.3 miles.

31.13858, -101.42372 · 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
4.2%
1 of 24 wells
With a plug date
4.2%
1 of 24 wells
Median depth
2,550 ft
19 wells filed one
Completion to plug
37.3 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
14.2%
A plug date is filed
14.2%
BothOn the schedule and plugged. Neither fact cancels the other.
14.2%
NeitherNo plug date, and not on the schedule.
2395.8%

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, 19 of 24 wells. Median 2,550 ft, with the middle half between 2,500 and 2,595 ft; the shallowest is 2,475 ft and the deepest 2,663 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, 20 of 24 wells, May 1963 – Jun 2007. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
May 1963 – Jun 2007
20 of 24 wells; 4 filed none
Plug dates filed
Aug 2000
1 of 24 wells; 23 filed none

Last completion to plug: a median of 37.3 years across the 1 well that filed both dates, with the middle half between 37.3 years and 37.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

24 wells

42-383102095————
42-383102107————
42-383102118————
42-383102126————
42-38335512232,629 ftJun 2007——
42-38335852252,572 ftApr 2007——
42-38335434242,626 ftSep 2005——
42-38335361222,590 ftJan 2003——
42-38335096142,650 ftDec 2000——
42-38334858212,600 ftJan 1998——
42-38332905182,550 ftJun 1984——
42-38332919192,560 ftJun 1984——
42-38332358202,587 ftNov 1982——
42-38332117162,550 ftDec 1981——
42-38332118172,550 ftDec 1981——
42-38331816152,500 ftJan 1981——
42-38331582122,500 ftApr 1980——
42-38331425112,500 ftOct 1979——
42-38331203102,500 ftFeb 1978——
42-3833081792,501 ftMar 1977——
42-383102204—Oct 1963——
42-3831021832,475 ftOct 1963——
42-3831021622,663 ftAug 1963——
42-3831021512,487 ftMay 1963Aug 2000Yes

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 2026495592106.413.05$54,476
Apr 202683759198.932.87$84,500
Mar 202651159289.753.15$47,727
Feb 202650759063.503.75$34,407
Jan 202650759159.138.00$34,706
Dec 202567257556.664.41$40,613
Nov 202566959058.593.93$41,513
Oct 202550058059.383.30$31,607
Sep 202583957562.743.08$54,408
Aug 202549846863.933.01$33,248
Jul 202568047266.743.32$46,948
Jun 202550157066.483.13$35,090
May 202582946560.553.23$51,699
Apr 202550254062.363.54$33,218
Mar 202566946067.704.27$47,255
Feb 202583562070.884.34$61,876
Jan 202567841874.324.28$52,177
Dec 202450952068.993.12$36,739
Nov 202467055569.052.20$47,484
Oct 202433257071.372.28$24,995
Sep 202466054069.612.36$47,219
Aug 202466956575.632.06$51,762
Jul 202483656079.932.15$68,024
Jun 202432755078.082.63$26,981
May 202450255878.812.20$40,789
Apr 202483655684.451.66$71,523
Mar 202449958080.301.55$40,966
Feb 202483343476.091.78$64,157
Jan 202465961073.023.30$50,132
Dec 202365761571.262.61$48,423
Nov 202368254277.892.81$54,643
Oct 202333454585.443.09$30,220
Sep 202370254589.042.74$63,997
Aug 202367554080.522.67$55,794
Jul 202369662074.852.64$53,734
Jun 202351260068.962.26$36,663
May 202350065170.622.23$36,760
Apr 202387761578.122.24$69,887
Mar 202368458072.852.39$51,217
Feb 202351557575.112.47$40,099
Jan 202367758076.533.39$53,776
Dec 202287061076.415.73$69,971
Nov 202268754085.005.65$61,444
Oct 202252151187.185.86$48,417
Sep 202284952084.888.16$76,308
Aug 202250351094.529.13$52,198
Jul 2022685511101.587.54$73,436
Jun 2022673518115.097.98$81,588
May 202266370109.378.43$73,103
Apr 2022502510104.226.84$55,806
Mar 2022665490108.885.08$74,893
Feb 202251248091.054.86$48,950
Jan 202288146081.844.54$74,188
Dec 202151542071.323.90$38,367
Nov 202165162077.435.24$53,654
Oct 202166392079.795.71$58,158
Sep 202147348069.865.35$35,612
Aug 202179941066.024.22$54,480
Jul 202164838070.783.98$47,379
Jun 202180638069.493.38$57,294
May 202164838563.483.02$42,297
Apr 202199638060.362.76$61,167
Mar 202197336061.302.72$60,623
Feb 202147635057.805.55$29,455
Jan 202184535050.412.81$43,580
Dec 20201,04235044.642.68$47,451
Nov 202066534038.772.71$26,702
Oct 202096235036.972.48$36,433
Sep 202083139037.091.99$31,598
Aug 20201,30546839.982.39$53,290
Jul 202082073038.371.83$32,796
Jun 202032445034.901.69$12,068
May 2020030016.921.81$544
Apr 202031942014.751.80$5,463
Mar 202081748030.341.86$25,679
Feb 202084275049.881.98$43,484
Jan 20201,15377557.252.09$67,633
Dec 201972577559.012.30$44,568
Nov 201986877055.302.75$50,118
Oct 201970175053.472.42$39,296
Sep 20191,02476055.052.66$58,391
Aug 20191,19191753.112.30$65,367
Jul 20196818856.272.46$38,536
Jun 20195098852.782.49$27,084
May 201967588858.482.74$41,907
Apr 201986488762.632.75$56,552
Mar 20198101,02956.803.06$49,159
Feb 20191,0161,04550.852.79$54,581
Jan 201986895846.033.23$43,047
Dec 201868190646.594.19$35,520
Nov 20181,01799952.934.24$58,063
Oct 201851285961.443.40$34,376
Sep 201864494159.543.11$41,268
Aug 201882096159.403.07$51,655
Jul 20181,1231,11965.142.93$76,433
Jun 20186561,09860.183.08$42,857
May 201864496565.382.90$44,904
Apr 201865269563.842.90$43,640
Mar 201864486261.222.79$41,828
Feb 201880080061.782.77$51,637
Jan 201866080862.874.01$44,734
Dec 201765783857.272.92$40,075
Nov 201780891755.423.12$47,639
Oct 20176651,02049.292.98$35,821
Sep 201769198847.523.09$35,887
Aug 201785699845.373.00$41,835
Jul 20178261,05243.873.09$39,484
Jun 20175001,00542.493.09$24,348
May 20178701,00445.373.26$42,748
Apr 201789098547.933.21$45,821
Mar 20179011,08746.772.98$45,383
Feb 201772285450.452.95$38,946
Jan 20178931,03849.413.42$47,672
Dec 20168981,07048.763.72$47,770
Nov 20168911,13642.492.64$40,863
Oct 20161,0811,10346.193.09$53,340
Sep 20167001,01441.553.10$32,229
Aug 20161,0621,01441.442.92$46,975
Jul 201671597241.622.92$32,601
Jun 20168971,13245.352.69$43,719
May 20167191,00442.521.99$32,571
Apr 20161,0711,08736.561.99$41,320
Mar 20165441,07533.011.79$19,886
Feb 20161,08097326.472.06$30,596
Jan 20161,0811,03227.352.36$32,005
Dec 20157161,04032.362.00$25,251
Nov 20157231,00138.792.17$30,215
Oct 20151,0821,14543.552.43$49,900
Sep 20158921,03542.992.76$41,202
Aug 201552096340.162.87$23,649
Jul 20158811,04748.152.95$45,504
Jun 201588498956.152.88$52,488
May 20155361,10655.212.96$32,861
Apr 201588699849.822.71$46,842
Mar 20151,06199542.892.93$48,426
Feb 201569893344.662.98$33,949
Jan 201568896943.433.10$32,884
Dec 201470694554.693.59$42,005
Nov 20141,0851,14870.464.25$81,330
Oct 20141,0681,36878.303.90$88,961
Sep 20146981,14886.164.05$64,784
Aug 20141,0331,36589.394.04$97,848
Jul 20141,0581,41696.564.18$108,079
Jun 20145361,27898.164.74$58,667
May 20148961,34694.734.73$91,240
Apr 20147131,09495.944.81$73,666
Mar 20141,0621,28795.895.06$108,343
Feb 20147141,20297.406.19$76,986
Jan 20141,0421,18990.404.86$99,976
Dec 201384498591.824.35$81,785
Nov 20133361,19388.853.74$34,313
Oct 20131,3451,36497.423.78$136,185
Sep 20131,0191,288104.113.72$110,877
Aug 20138511,364104.253.52$93,522
Jul 20138381,331102.523.72$90,860
Jun 20131,0371,36494.403.93$103,258
May 20131,0461,36494.834.15$104,852
Apr 201369877993.964.28$68,920
Mar 20131,0351,17493.623.91$101,490
Feb 20137171,16891.233.42$69,406
Jan 20131,2751,15791.603.42$120,747
Dec 201290811286.773.42$79,170
Nov 20121,0751,27486.953.62$98,089
Oct 20129081,34189.383.40$85,716
Sep 20127261,13894.672.92$72,052
Aug 20121,0851,37592.662.91$104,535
Jul 20128931,43385.133.02$80,350
Jun 20121,0331,41579.822.52$86,019
May 20128991,33991.612.49$85,689
Apr 20128971,330101.652.00$93,836
Mar 20121,0841,305105.052.22$116,774
Feb 20129131,250101.102.57$95,517
Jan 20129141,35298.092.73$93,351
Dec 20111,0881,25896.873.24$109,470
Nov 20111,2411,45795.723.31$123,613
Oct 20111,0801,57284.983.65$97,514
Sep 20117141,59283.623.99$66,050
Aug 20111,0741,60183.404.15$96,215
Jul 20111,0751,59794.144.52$108,415
Jun 20111,2221,55592.904.64$120,739
May 20118891,70698.134.40$94,752
Apr 20111,0721,530105.964.33$120,219
Mar 20111,0781,62196.364.06$110,453
Feb 20111,0921,62685.644.18$100,316
Jan 20111,4701,47286.504.59$133,910
Dec 20101,2631,47285.734.35$114,677
Nov 20109091,46480.843.80$79,040
Oct 20101,2321,63678.103.51$101,960
Sep 20108851,59272.633.98$70,613
Aug 20101,2301,54173.684.42$97,437
Jul 20101,0671,71272.554.74$85,520
Jun 20101,37816,88870.364.91$179,883
May 20101,0601,63871.124.24$82,324
Apr 20101,2501,64581.694.12$108,894
Mar 20101,2421,68678.394.39$104,760
Feb 20101,0861,45673.585.44$87,832
Jan 20101,4321,63674.365.96$116,241
Dec 20091,0581,54571.445.48$84,056
Nov 20091,2381,64974.593.75$98,529
Oct 20091,2571,70872.544.11$98,203
Sep 20091,4301,70665.543.06$98,951
Aug 20091,2311,81167.423.22$88,823
Jul 20091,3681,85561.133.46$90,052
Jun 20091,0401,69966.163.90$75,424
May 20091,2341,75654.743.93$74,443
Apr 20091,4071,68846.773.59$71,861
Mar 20091,2391,71942.144.06$59,189
Feb 20091,4611,67032.814.63$55,673
Jan 20091,4401,71635.865.37$60,855
Dec 20081,2641,83137.105.98$57,839
Nov 20081,4381,83655.496.86$92,390
Oct 20081,4352,08675.246.92$122,409
Sep 20089021,251101.767.88$101,642
Aug 20088961,737114.228.48$117,076
Jul 20081,4331,770131.0811.39$207,997
Jun 20081,2391,905131.3313.03$187,545
May 20081,3552,031123.1711.57$190,403
Apr 20081,4362,047110.3110.45$179,806
Mar 20081,6092,037101.909.66$183,643
Feb 20081,2821,82292.538.77$134,603
Jan 20081,6382,04590.388.21$164,823
Dec 20071,6132,11488.337.30$157,913
Nov 20071,6132,10891.677.29$163,235
Oct 20071,5772,40682.856.92$147,309
Sep 20071,5202,24275.846.24$129,276
Aug 20071,5422,34969.066.39$121,496
Jul 20071,5622,32770.906.39$125,611
Jun 20071,5502,15962.007.55$112,397
May 20071,7362,23758.747.85$119,525
Apr 20071,7422,08259.617.81$120,091
Mar 20071,3952,12556.927.30$94,920
Feb 20071,4051,92055.108.22$93,190
Jan 20071,7542,01550.306.73$101,781
Dec 20061,4022,20556.656.92$94,678
Nov 20061,7452,17454.207.62$111,139
Oct 20061,5622,38954.906.01$100,121
Sep 20061,7182,53260.085.04$115,972
Aug 20061,8782,67868.717.34$148,694
Jul 20061,9953,02669.376.34$157,586
Jun 20062,0453,25366.286.38$156,309
May 20061,8942,72766.016.42$142,544
Apr 20061,9002,31764.397.36$139,395
Mar 20062,0822,49156.707.08$135,693
Feb 20061,5481,85457.597.75$103,520
Jan 20062,5582,08260.598.93$173,588
Dec 20051,9101,83154.9413.42$129,499
Nov 20052,2271,86454.6910.59$141,531
Oct 20052,4301,79258.3413.80$166,488
Sep 20051,0291,34461.4512.08$79,466
Aug 20051,1931,35361.519.80$86,637
Jul 20051,3471,46855.697.84$86,529
Jun 20051,5511,54852.337.38$92,590
May 20051,0221,24445.226.65$54,489
Apr 20051,5801,68749.207.36$90,153
Mar 20051,5681,72650.377.15$91,329
Feb 20051,3641,34745.226.31$70,182
Jan 20051,7591,50443.166.32$85,427
Dec 20041,5551,52639.866.75$72,284
Nov 20041,7421,65045.286.33$89,323
Oct 20041,8612,07049.706.52$105,978
Sep 20041,9082,38243.245.28$95,088
Aug 20042,0482,81042.375.55$102,371
Jul 20042,0652,36738.286.08$93,449
Jun 20042,0291,81836.106.43$84,942
May 20042,2331,85937.486.49$95,766
Apr 20042,2141,62634.475.86$85,842
Mar 20041,3501,18634.365.53$52,945
Feb 20041,8911,26032.455.51$68,305
Jan 20041,21091432.036.30$44,514
Dec 20031,03883030.266.30$36,640
Nov 200369985128.804.60$24,042
Oct 200386994928.174.76$28,997
Sep 200367493526.314.75$22,174
Aug 20038671,03029.765.13$31,086
Jul 20038721,08729.415.17$31,266
Jun 200369285028.565.98$24,849
May 20038531,15726.595.97$29,592
Apr 20038661,04026.675.41$28,720
Mar 200387992831.146.10$33,029
Feb 200387073033.487.93$34,913
Jan 200387096430.315.58$31,751
Dec 200287599526.914.85$28,376
Nov 200287399024.664.14$25,624
Oct 20028721,08726.464.23$27,670
Sep 20021,0421,08627.443.64$32,540
Aug 20028691,17325.963.16$26,271
Jul 20021,0441,18124.583.06$29,277
Jun 20028711,13223.733.34$24,448
May 20021,0181,30524.663.58$29,781
Apr 20021,0231,14423.653.51$28,212
Mar 20028711,03822.003.10$22,383
Feb 200285583318.222.38$17,557
Jan 20021,21594917.172.38$23,116
Dec 20011,02790116.932.36$19,517
Nov 200167091518.072.41$14,308
Oct 200199499419.782.53$22,175
Sep 20011,0131,08524.262.25$27,018
Aug 20011,2021,29424.873.05$33,845
Jul 20011,0211,19423.933.20$28,250
Jun 20011,0151,26224.563.82$29,754
May 20011,2051,09525.524.31$35,468
Apr 20011,1901,04624.685.34$34,950
Mar 20011,3731,08724.545.38$39,538
Feb 20011,21985827.755.77$38,775
Jan 20011,3601,02327.478.40$45,951
Dec 20001,19172726.889.12$38,646
Nov 200086158732.215.66$31,054
Oct 200085662531.235.15$29,949
Sep 200085960331.875.19$30,504
Aug 200085575729.644.54$28,780
Jul 200085779528.534.09$27,702
Jun 200085374929.304.40$28,286
May 200087978727.263.68$26,858
Apr 200087776224.513.12$23,870
Mar 200083678228.422.86$25,995
Feb 20001,00375927.622.73$29,772
Jan 200084869925.272.48$23,163
Dec 19991,00469424.282.42$26,059
Nov 199965359523.192.43$16,591
Oct 199984069220.982.80$19,563
Sep 199983158121.752.62$19,596
Aug 199997467919.262.88$20,712
Jul 199980670417.892.37$16,089
Jun 199965469615.942.36$12,069
May 199997578815.792.32$17,224
Apr 199997166915.102.21$16,139
Mar 199982473012.471.84$11,617
Feb 19999856289.981.82$10,972
Jan 199998366010.381.90$11,458
Dec 19986655309.201.77$7,058
Nov 199883462810.892.19$10,455
Oct 199898677912.421.97$13,780
Sep 199889282912.592.08$12,957
Aug 19981,11290611.301.91$14,294
Jul 19981,1351,00911.742.24$15,582
Jun 19981,1411,04611.242.24$15,165
May 19981,1391,12712.622.21$16,861
Apr 19981,2961,09213.042.51$19,636
Mar 19981,4821,14712.802.31$21,619
Feb 19981,43959613.952.30$21,444
Jan 199898265014.702.15$15,836
Dec 199799861216.322.41$17,763
Nov 199764864518.193.09$13,779
Oct 199781065119.253.15$17,643
Sep 199779264317.742.95$15,950
Aug 199779769917.862.55$16,020
Jul 199764976017.582.25$13,117
Jun 199781263817.242.26$15,439
May 199798074518.972.31$20,310
Apr 199765664817.882.08$13,079
Mar 199765966918.951.94$13,785
Feb 199767158320.492.21$15,035
Jan 199782863323.483.54$21,682
Dec 199681964123.32—$19,099
Nov 199683469121.97—$18,323
Oct 199667471323.31—$15,711
Sep 199683873222.22—$18,620
Aug 199684579720.26—$17,120
Jul 199689283019.55—$17,439
Jun 199671867618.73—$13,448
May 199653968919.43—$10,473
Apr 199687569621.51—$18,821
Mar 199691264019.38—$17,675
Feb 199672061216.98—$12,226
Jan 199690967817.07—$15,517
Dec 199573866217.19—$12,686
Nov 199591069216.00—$14,560
Oct 199572370015.43—$11,156
Sep 199590069616.18—$14,562
Aug 199571871415.92—$11,431
Jul 199587567915.24—$13,335
Jun 199572359816.41—$11,864
May 199572330717.56—$12,696
Apr 199572760917.73—$12,890
Mar 199571258716.44—$11,705
Feb 199590550316.58—$15,005
Jan 199591451015.92—$14,551
Dec 199486962115.03—$13,061
Nov 199472563215.90—$11,528
Oct 199488669315.58—$13,804
Sep 199490064215.29—$13,761
Aug 199487472216.13—$14,098
Jul 199484374717.56—$14,803
Jun 199486874317.09—$14,834
May 19941,03576015.88—$16,436
Apr 199469073814.14—$9,757
Mar 199489069412.46—$11,089
Feb 199490258412.50—$11,275
Jan 199472167412.66—$9,128
Dec 19931,06072412.33—$13,070
Nov 199389475414.49—$12,954
Oct 19931,05582615.85—$16,722
Sep 199386580815.03—$13,001
Aug 199388786715.66—$13,890
Jul 19931,02589915.46—$15,847
Jun 199388286016.79—$14,809
May 19931,07292017.68—$18,953
Apr 199370777018.05—$12,761
Mar 19931,07778318.14—$19,537
Feb 199389369817.90—$15,985
Jan 199390871916.93—$15,372

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                  495 bbl  × $106.41 =    $52,673
Casinghead gas       592 Mcf  × $  3.05 =     $1,803

────────────────────────────────────────────────────
Month total                                  $54,476

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/4156 is the state's own key, not one this site invented.