TEXAS -Z-

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 4205District 7CField 73085500Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$5.9 M
Jan 1993 – May 2026
Value, last 12 filed months
$145 k
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 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
NGPA6none

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
OilDisposition118,826 bbl$5,370,442
Casinghead gasProduction171,128 Mcf$576,489
Total$5,946,932

35,513 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 (13)

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 31.1382, -101.4000. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.9 miles.

31.13806, -101.40015 · 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 13 wells
With a plug date
0.0%
0 of 13 wells
Median depth
2,555 ft
11 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
13100.0%

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

Total depth in feet, 11 of 13 wells. Median 2,555 ft, with the middle half between 2,538 and 2,623 ft; the shallowest is 2,461 ft and the deepest 7,600 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, 11 of 13 wells, Nov 1962 – Sep 2013. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Nov 1962 – Sep 2013
11 of 13 wells; 2 filed none

13 wells

42-383005014
42-383102193
42-38338045132,650 ftSep 2013
42-38333501122,550 ftOct 1985
42-38332663112,575 ftNov 1983
42-38331815102,500 ftJan 1981
42-3833158192,525 ftApr 1980
42-3833141877,600 ftSep 1979
42-3833141982,555 ftSep 1979
42-3833117362,550 ftAug 1977
42-3831011252,645 ftNov 1963
42-3831021412,600 ftSep 1963
42-3831021722,461 ftNov 1962

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 2026161352106.413.05$18,204
Apr 202616535198.932.87$17,331
Mar 202616635289.753.15$16,007
Feb 202616435063.503.75$11,727
Jan 202616835159.138.00$12,741
Dec 202516534556.664.41$10,872
Nov 202516635058.593.93$11,100
Oct 202516437059.383.30$10,961
Sep 2025039062.743.08$1,200
Aug 202516423163.933.01$11,181
Jul 202516623066.743.32$11,841
Jun 202516635066.483.13$12,131
May 202533321760.553.23$20,865
Apr 202516731062.363.54$11,512
Mar 2025018567.704.27$790
Feb 202533424070.884.34$24,716
Jan 2025018074.324.28$770
Dec 202417027968.993.12$12,599
Nov 202433417069.052.20$23,436
Oct 202416627071.372.28$12,463
Sep 202416427169.612.36$12,057
Aug 202416517875.632.06$12,846
Jul 202416817879.932.15$13,810
Jun 202416617578.082.63$13,422
May 202416617878.812.20$13,474
Apr 202416917584.451.66$14,562
Mar 202416824880.301.55$13,874
Feb 202433327976.091.78$25,836
Jan 202416316573.023.30$12,446
Dec 202316524871.262.61$12,405
Nov 202318114577.892.81$14,505
Oct 2023014585.443.09$448
Sep 202333615289.042.74$30,333
Aug 202316215080.522.67$13,445
Jul 202352033474.852.64$39,804
Jun 202317533368.962.26$12,820
May 2023030070.622.23$668
Apr 20231749078.122.24$13,794
Mar 20231728272.852.39$12,726
Feb 20231656875.112.47$12,561
Jan 20231776576.533.39$13,766
Dec 20221726576.415.73$13,515
Nov 20221663685.005.65$14,313
Oct 202203687.185.86$211
Sep 20223503284.888.16$29,969
Aug 20221643394.529.13$15,802
Jul 202216230101.587.54$16,682
Jun 202216335115.097.98$19,039
May 202217538109.378.43$19,460
Apr 202216537104.226.84$17,449
Mar 202233035108.885.08$36,108
Feb 20221653291.054.86$15,179
Jan 20221663081.844.54$13,722
Dec 20211612271.323.90$11,568
Nov 20211522877.435.24$11,916
Oct 20211647279.795.71$13,497
Sep 20211552269.865.35$10,946
Aug 20211642066.024.22$10,912
Jul 20211642170.783.98$11,692
Jun 20211682069.493.38$11,742
May 20211621863.483.02$10,338
Apr 20213261760.362.76$19,724
Mar 20211621861.302.72$9,980
Feb 20211611857.805.55$9,406
Jan 20211652050.412.81$8,374
Dec 20203252044.642.68$14,562
Nov 20201612038.772.71$6,296
Oct 20201712536.972.48$6,384
Sep 20203242737.091.99$12,071
Aug 20203222739.982.39$12,938
Jul 20201624038.371.83$6,289
Jun 2020018034.901.69$304
May 202006016.921.81$109
Apr 20201576214.751.80$2,428
Mar 202016414030.341.86$5,236
Feb 20203227049.881.98$16,200
Jan 202032323057.252.09$18,974
Dec 2019025059.012.30$576
Nov 20191694155.302.75$9,458
Oct 20191807053.472.42$9,794
Sep 201933112555.052.66$18,554
Aug 201916218653.112.30$9,032
Jul 201916621456.272.46$9,867
Jun 201909052.782.49$224
May 201933531958.482.74$20,465
Apr 201916125962.632.75$10,796
Mar 201917029756.803.06$10,565
Feb 201918829350.852.79$10,378
Jan 201914029746.033.23$7,403
Dec 201817224246.594.19$9,026
Nov 201835123152.934.24$19,557
Oct 2018025861.443.40$877
Sep 201818329459.543.11$11,810
Aug 201833227459.403.07$20,561
Jul 201816334165.142.93$11,618
Jun 201832138960.183.08$20,515
May 201831941865.382.90$22,069
Apr 201816121263.842.90$10,893
Mar 201832132461.222.79$20,555
Feb 201815427661.782.77$10,278
Jan 201816129862.874.01$11,317
Dec 201732728757.272.92$19,566
Nov 201716626055.423.12$10,010
Oct 201735430149.292.98$18,347
Sep 201717732747.523.09$9,421
Aug 2017033445.373.00$1,003
Jul 201716540343.873.09$8,483
Jun 201718433842.493.09$8,862
May 201733936345.373.26$16,565
Apr 201717136047.933.21$9,352
Mar 201718440346.772.98$9,808
Feb 201735533150.452.95$18,887
Jan 201718237149.413.42$10,261
Dec 201634731948.763.72$18,107
Nov 201617836442.492.64$8,526
Oct 201617638746.193.09$9,325
Sep 201617641741.553.10$8,606
Aug 201635841741.442.92$16,055
Jul 201617440741.622.92$8,432
Jun 201618338045.352.69$9,320
May 201617335142.521.99$8,055
Apr 201634734536.561.99$13,373
Mar 201617534133.011.79$6,389
Feb 201618034526.472.06$5,477
Jan 201635039127.352.36$10,497
Dec 201534638132.362.00$11,959
Nov 201517036238.792.17$7,379
Oct 201516939143.552.43$8,309
Sep 201535640042.992.76$16,408
Aug 201518435940.162.87$8,421
Jul 201534837948.152.95$17,872
Jun 201518539156.152.88$11,515
May 201518441355.212.96$11,379
Apr 201566737949.822.71$34,256
Mar 201517737242.892.93$8,683
Feb 201516630744.662.98$8,327
Jan 201519235943.433.10$9,452
Dec 2014029454.693.59$1,056
Nov 201438035870.464.25$28,297
Oct 201418044878.303.90$15,842
Sep 201435041786.164.05$31,843
Aug 201418546089.394.04$18,393
Jul 201467745796.564.18$67,281
Jun 2014048498.164.74$2,293
May 201435751094.734.73$36,229
Apr 201438049495.944.81$38,833
Mar 201454452695.895.06$54,824
Feb 201416438497.406.19$18,351
Jan 201434738690.404.86$33,245
Dec 201316726791.824.35$16,497
Nov 201334241288.853.74$31,927
Oct 201350837797.423.78$50,914
Sep 2013172482104.113.72$19,699
Aug 2013170417104.253.52$19,191
Jul 2013335415102.523.72$35,887
Jun 201316837794.403.93$17,342
May 201316741794.834.15$17,567
Apr 201317720893.964.28$17,522
Mar 201317043993.623.91$17,633
Feb 201317037591.233.42$16,792
Jan 201337535091.603.42$35,547
Dec 2012034986.773.42$1,194
Nov 201235943486.953.62$32,788
Oct 201217642489.383.40$17,172
Sep 201217435794.672.92$17,514
Aug 201235142992.662.91$33,771
Jul 201218340585.133.02$16,802
Jun 201217737479.822.52$15,070
May 201217541791.612.49$17,069
Apr 2012170445101.652.00$18,169
Mar 2012351445105.052.22$37,861
Feb 2012181384101.102.57$19,286
Jan 201236441898.092.73$36,848
Dec 201116256496.873.24$17,520
Nov 201105995.723.31$195
Oct 20111824284.983.65$15,620
Sep 201118442983.623.99$17,096
Aug 201117549983.404.15$16,666
Jul 201136949994.144.52$36,992
Jun 201119248092.904.64$20,064
May 201137250798.134.40$38,738
Apr 2011183466105.964.33$21,410
Mar 201136947696.364.06$37,488
Feb 201117645785.644.18$16,983
Jan 201136141086.504.59$33,108
Dec 201035141085.734.35$31,874
Nov 201018043980.843.80$16,217
Oct 201050748478.103.51$41,295
Sep 201018647072.633.98$15,380
Aug 201017544573.684.42$14,861
Jul 201034344472.554.74$26,988
Jun 201018543070.364.91$15,128
May 201016845971.124.24$13,892
Apr 201035342381.694.12$30,580
Mar 201035943078.394.39$30,029
Feb 201017030873.585.44$14,185
Jan 201034634574.365.96$27,786
Dec 200935931871.445.48$27,391
Nov 200917235874.593.75$14,173
Oct 200917441272.544.11$14,315
Sep 200934344165.543.06$23,832
Aug 200917646567.423.22$13,363
Jul 200934544461.133.46$22,628
Jun 200934244766.163.90$24,368
May 200935146354.743.93$21,031
Apr 200915945446.773.59$9,065
Mar 200935346442.144.06$16,759
Feb 200936842832.814.63$14,057
Jan 200935143935.865.37$14,945
Dec 200835248037.105.98$15,928
Nov 200836651155.496.86$23,815
Oct 200817157475.246.92$16,839
Sep 2008191206101.767.88$21,059
Aug 2008361483114.228.48$45,331
Jul 2008345482131.0811.39$50,712
Jun 2008183501131.3313.03$30,563
May 2008370484123.1711.57$51,175
Apr 2008186471110.3110.45$25,442
Mar 2008356469101.909.66$40,809
Feb 200837645592.538.77$38,782
Jan 200836845090.388.21$36,952
Dec 200717946588.337.30$19,206
Nov 200736242791.677.29$36,298
Oct 200717544582.856.92$17,579
Sep 200750848475.846.24$41,549
Aug 200717149369.066.39$14,959
Jul 200734650370.906.39$27,745
Jun 200717034762.007.55$13,159
May 200734537158.747.85$23,176
Apr 200734742359.617.81$23,986
Mar 200716742856.927.30$12,631
Feb 200735037955.108.22$22,399
Jan 200734832950.306.73$19,718
Dec 200634244656.656.92$22,460
Nov 200617144854.207.62$12,681
Oct 200634049654.906.01$21,649
Sep 200634045360.085.04$22,709
Aug 200633451468.717.34$26,722
Jul 200616649369.376.34$14,642
Jun 200617137366.286.38$13,715
May 200634637366.016.42$25,236
Apr 200634445364.397.36$25,484
Mar 200617133756.707.08$12,083
Feb 200634537857.597.75$22,798
Jan 200617342060.598.93$14,234
Dec 200535037054.9413.42$24,193
Nov 200517437554.6910.59$13,487
Oct 200533445158.3413.80$25,707
Sep 200535248361.4512.08$27,465
Aug 2005031461.519.80$3,076
Jul 200533451255.697.84$22,616
Jun 200534353652.337.38$21,905
May 200534357445.226.65$19,328
Apr 200516851549.207.36$12,056
Mar 200552033950.377.15$28,618
Feb 200517318945.226.31$9,016
Jan 200533550543.166.32$17,651
Dec 200417241339.866.75$9,644
Nov 200452553045.286.33$27,127
Oct 200434653349.706.52$20,669
Sep 200417353843.245.28$10,323
Aug 200433345842.375.55$16,651
Jul 200432844738.286.08$15,275
Jun 200433754936.106.43$15,697
May 200434626537.486.49$14,689
Apr 200416626534.475.86$7,275
Mar 200451758234.365.53$20,983
Feb 200417346132.455.51$8,154
Jan 20043393032.036.30$11,047
Dec 200333734130.266.30$12,346
Nov 200316725728.804.60$5,991
Oct 200333952328.174.76$12,039
Sep 200332648126.314.75$10,862
Aug 200333051029.765.13$12,437
Jul 200351457329.415.17$18,080
Jun 200317248728.565.98$7,826
May 200350557626.595.97$16,868
Apr 200335052126.675.41$12,152
Mar 200317460031.146.10$9,076
Feb 200334356533.487.93$15,962
Jan 200351260230.315.58$18,879
Dec 200234761726.914.85$12,333
Nov 200234960624.664.14$11,113
Oct 200234064126.464.23$11,707
Sep 200234364327.443.64$11,749
Aug 200234554425.963.16$10,678
Jul 200234662824.583.06$10,427
Jun 200233863623.733.34$10,144
May 200249657224.663.58$14,281
Apr 200216854923.653.51$5,901
Mar 200232559722.003.10$9,002
Feb 200233744218.222.38$7,190
Jan 200233757517.172.38$7,152
Dec 200151059216.932.36$10,034
Nov 200134357218.072.41$7,574
Oct 200134064019.782.53$8,344
Sep 200133366324.262.25$9,571
Aug 200133372924.873.05$10,507
Jul 200133467823.933.20$10,160
Jun 200132163524.563.82$10,312
May 200149572325.524.31$15,747
Apr 200133162024.685.34$11,477
Mar 200132755824.545.38$11,025
Feb 200132838827.755.77$11,340
Jan 200133147027.478.40$13,040
Dec 200033432026.889.12$11,897
Nov 200033647232.215.66$13,493
Oct 200048845931.235.15$17,602
Sep 200031946731.875.19$12,589
Aug 200032658529.644.54$12,319
Jul 200032060928.534.09$11,620
Jun 200032761229.304.40$12,272
May 200031563027.263.68$10,905
Apr 200048961824.513.12$13,911
Mar 200032761728.422.86$11,058
Feb 200049054027.622.73$15,006
Jan 200032648525.272.48$9,441
Dec 199950353124.282.42$13,500
Nov 199933147623.192.43$8,834
Oct 199932756920.982.80$8,456
Sep 199932947521.752.62$8,400
Aug 199933254119.262.88$7,950
Jul 199948355017.892.37$9,946
Jun 199916655315.942.36$3,952
May 199932759615.792.32$6,547
Apr 199948459215.102.21$8,616
Mar 199933859512.471.84$5,309
Feb 19993295349.981.82$4,254
Jan 199949460910.381.90$6,285
Dec 19983315529.201.77$4,024
Nov 199849660610.892.19$6,726
Oct 199848268412.421.97$7,333
Sep 199832367712.592.08$5,477
Aug 199832873811.301.91$5,114
Jul 199848873811.742.24$7,380
Jun 199849071211.242.24$7,101
May 199832672712.622.21$5,718
Apr 199848665613.042.51$7,981
Mar 199833065212.802.31$5,730
Feb 199833159613.952.30$5,988
Jan 199833469914.702.15$6,416
Dec 199749665716.322.41$9,679
Nov 199749365918.193.09$11,003
Oct 199749772519.253.15$11,851
Sep 199748971017.742.95$10,773
Aug 199733076517.862.55$7,848
Jul 199748577317.582.25$10,263
Jun 199765663517.242.26$12,743
May 199748268218.972.31$10,718
Apr 199749658317.882.08$10,083
Mar 199748063218.951.94$10,322
Feb 199734357020.492.21$8,285
Jan 199732547623.483.54$9,316
Dec 199648353723.32$11,264
Nov 199649860921.97$10,941
Oct 199632869023.31$7,646
Sep 199666369722.22$14,732
Aug 199634070720.26$6,888
Jul 199636274519.55$7,077
Jun 199653572018.73$10,021
May 199636076619.43$6,995
Apr 199652868621.51$11,357
Mar 199656266619.38$10,892
Feb 199655165816.98$9,356
Jan 199655973117.07$9,542
Dec 199537570117.19$6,446
Nov 199556972616.00$9,104
Oct 199573984815.43$11,403
Sep 199535385316.18$5,712
Aug 199554985715.92$8,740
Jul 199555177815.24$8,397
Jun 199536777216.41$6,022
May 199554379917.56$9,535
Apr 199556167617.73$9,947
Mar 199537064516.44$6,083
Feb 199554960216.58$9,102
Jan 199536665715.92$5,827
Dec 199453662015.03$8,056
Nov 199454052615.90$8,586
Oct 199455060115.58$8,569
Sep 199435462815.29$5,413
Aug 199434668316.13$5,581
Jul 199451876817.56$9,096
Jun 199451165217.09$8,733
May 199451677715.88$8,194
Apr 199468881914.14$9,728
Mar 199436082112.46$4,486
Feb 199454372512.50$6,788
Jan 199454780912.66$6,925
Dec 199354484812.33$6,708
Nov 199352881014.49$7,651
Oct 199353781015.85$8,511
Sep 199352583115.03$7,891
Aug 199335283815.66$5,512
Jul 199350683715.46$7,823
Jun 199335686516.79$5,977
May 199371586517.68$12,641
Apr 199335284318.05$6,354
Mar 199353783218.14$9,741
Feb 199371976317.90$12,870
Jan 199353281616.93$9,007

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                  161 bbl  × $106.41 =    $17,132
Casinghead gas       352 Mcf  × $  3.05 =     $1,072

────────────────────────────────────────────────────
Month total                                  $18,204

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/4205 is the state's own key, not one this site invented.