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LAREDO

Operated by JOINT RESOURCES COMPANY (P-5 440742) in the CARTER-NEW MEXICO (SAN ANDRES) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 70977District 8AField 16018500Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$11.4 M
Apr 2019 – May 2026
Value, last 12 filed months
$726 k
at the published price for each month
Months reported
86
no gaps in the span
Streams
2
oil, casinghead gas

The CARTER-NEW MEXICO (SAN ANDRES) 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 15 leases and 27 wells, and the rule below applies to all of them.

Discovered
1956-12-24
as the register files it
Field class
Oil
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 40 acres. The field rule took effect on 2018-08-21.

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: “DKT SIGNED 08/21/18”

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
OilDisposition135,603 bbl$8,984,801
Casinghead gasProduction671,623 Mcf$2,413,049
Total$11,397,850

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 32.7719, -103.0242. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.77192, -103.02418 · 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
0.0%
0 of 1 wells
Median depth
5,612 ft
1 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.
1100.0%

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 5,612 ft.

Completions filed
Apr 2019
1 of 1 wells

1 well

42-165387474H5,612 ftApr 2019——

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 (86)

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

86 months

May 20267403,698106.413.05$90,007
Apr 20267323,26798.932.87$81,792
Mar 20263732,40789.753.15$41,057
Feb 20265672,63263.503.75$45,875
Jan 20267631,92759.138.00$60,528
Dec 20257021,63356.664.41$46,982
Nov 20257302,63258.593.93$53,105
Oct 20257373,17259.383.30$54,246
Sep 20257253,31862.743.08$55,696
Aug 20259213,58963.933.01$69,700
Jul 20257314,98666.743.32$65,317
Jun 20257423,91166.483.13$61,565
May 20253741,55260.553.23$27,662
Apr 20255695,01362.363.54$53,245
Mar 20251,1279,98667.704.27$118,921
Feb 20259598,20470.884.34$103,586
Jan 20257685,88774.324.28$82,266
Dec 20249567,37768.993.12$88,981
Nov 20249517,47169.052.20$82,091
Oct 20249494,47071.372.28$77,928
Sep 20241,2493,47869.612.36$95,166
Aug 20249002,80375.632.06$73,851
Jul 20248904,22479.932.15$80,205
Jun 20241,2306,90378.082.63$114,221
May 20247436,99578.812.20$73,934
Apr 20241,32610,01584.451.66$128,598
Mar 202491611,02780.301.55$90,593
Feb 20241,3188,37476.091.78$115,223
Jan 202492810,80273.023.30$103,384
Dec 20231,63514,23871.262.61$153,682
Nov 202374015,41877.892.81$100,926
Oct 20231,32814,94785.443.09$159,610
Sep 20231,48611,70189.042.74$164,316
Aug 20237435,48380.522.67$74,482
Jul 20231,2518,37374.852.64$115,757
Jun 20231,1478,14368.962.26$97,488
May 20231,2858,13570.622.23$108,867
Apr 20237537,95978.122.24$76,635
Mar 20231,2388,82472.852.39$111,306
Feb 20231,3357,97175.112.47$119,926
Jan 20231,4859,41876.533.39$145,553
Dec 20229338,69176.415.73$121,082
Nov 202294810,59185.005.65$140,379
Oct 20221,28810,90387.185.86$176,220
Sep 20221,69311,02384.888.16$233,690
Aug 20221,42612,17294.529.13$245,881
Jul 20221,45612,315101.587.54$240,781
Jun 20221,82412,750115.097.98$311,633
May 20222,71010,145109.378.43$381,946
Apr 20221,1043,109104.226.84$136,317
Mar 20225272,500108.885.08$70,071
Feb 20222,09111,29591.054.86$245,266
Jan 20222,01812,76881.844.54$223,090
Dec 20211,85110,64171.323.90$173,504
Nov 20211,87110,41177.435.24$199,392
Oct 20211,83410,38579.795.71$205,673
Sep 20211,84010,34369.865.35$183,887
Aug 20213,32410,11166.024.22$262,125
Jul 20212,33710,27770.783.98$206,337
Jun 20211,8339,35469.493.38$158,997
May 20211,8088,36563.483.02$140,015
Apr 20211,6717,92660.362.76$122,725
Mar 20211,6803,03661.302.72$111,233
Feb 20211,4733,70057.805.55$105,667
Jan 20212,26313,79850.412.81$152,854
Dec 20202,18413,94344.642.68$134,798
Nov 202056914,22038.772.71$60,548
Oct 202093615,00636.972.48$71,795
Sep 202074915,12637.091.99$57,897
Aug 20201,41214,61339.982.39$91,305
Jul 20201,2435,34338.371.83$57,446
Jun 20203826,98334.901.69$25,135
May 202005,79216.921.81$10,511
Apr 20201,1157,77214.751.80$30,470
Mar 20203,7629,56530.341.86$131,894
Feb 20201,3083,05549.881.98$71,294
Jan 20202,0443,03957.252.09$123,385
Dec 20193,7496,25859.012.30$235,649
Nov 20193,0116,06555.302.75$183,191
Oct 20193,7636,05653.472.42$215,854
Sep 20194,8446,34655.052.66$283,525
Aug 20195,7528,79853.112.30$325,762
Jul 20196,1237,87856.272.46$363,922
Jun 20195,2447,84952.782.49$296,332
May 20195,2477,67758.482.74$327,882
Apr 20191,3211,26762.632.75$86,219

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                  740 bbl  × $106.41 =    $78,743
Casinghead gas     3,698 Mcf  × $  3.05 =    $11,264

────────────────────────────────────────────────────
Month total                                  $90,007

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. 8A/O/70977 is the state's own key, not one this site invented.