RANDEE FAGAN 24

Name: RANDEE FAGAN 24 lease production and value, Jun 2005 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by GREAT WESTERN DRILLING COMPANY (P-5 328780) in the FRANCES HILL (PENN, LOWER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 214388District 01Field 325195102 tax incentive programmesCondensateGasSave Export

Value, all time

$2.0 M

Jun 2005 – May 2018

Value, last 12 filed months

at the published price for each month

Months reported

156

no gaps in the span

Streams

condensate, gas

The FRANCES HILL (PENN, LOWER) 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 37 leases and 37 wells, and the rule below applies to all of them.

Discovered

1979-07-20

as the register files it

Field class

Gas

the register's own label

Between wells

1,320 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1997-09-19.

The Commission's schedule remark for this field reads: “FRANCES HILL (PENN LOWER) FEILD (ID#'S 159920 & 160065).”

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
High Cost Gas	1	1	2011-06-27	202547
NGPA	1	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
Condensate	Disposition	37 bbl	$2,897
Gas	Production	333,997 Mcf	$1,963,647
Total			$1,966,544

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 30.2747, -100.6161. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.27474, -100.61605 · 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%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

7,430 ft

1 wells filed one

Completion to plug

12.0 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

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

1100.0%

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

The one well that filed a depth was drilled to 7,430 ft.

Completions filed

Jun 2005

1 of 1 wells

Plug dates filed

Jun 2017

1 of 1 wells

Last completion to plug: a median of 12.0 years across the 1 well that filed both dates, with the middle half between 12.0 years and 12.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-13731783	1	7,430 ft	Jun 2005	Jun 2017	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 (156)

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

156 months


May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
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	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	37	0	78.30	3.90	$2,897
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	31	104.11	3.72	$115
Aug 2013	0	1,437	104.25	3.52	$5,062
Jul 2013	0	1,158	102.52	3.72	$4,305
Jun 2013	0	1,201	94.40	3.93	$4,724
May 2013	0	2,351	94.83	4.15	$9,754
Apr 2013	0	2,323	93.96	4.28	$9,948
Mar 2013	0	2,278	93.62	3.91	$8,914
Feb 2013	0	1,938	91.23	3.42	$6,628
Jan 2013	0	2,378	91.60	3.42	$8,133
Dec 2012	0	2,333	86.77	3.42	$7,979
Nov 2012	0	2,269	86.95	3.62	$8,225
Oct 2012	0	2,239	89.38	3.40	$7,612
Sep 2012	0	2,297	94.67	2.92	$6,704
Aug 2012	0	2,274	92.66	2.91	$6,613
Jul 2012	0	2,398	85.13	3.02	$7,244
Jun 2012	0	2,496	79.82	2.52	$6,288
May 2012	0	2,440	91.61	2.49	$6,072
Apr 2012	0	2,117	101.65	2.00	$4,227
Mar 2012	0	2,440	105.05	2.22	$5,422
Feb 2012	0	2,382	101.10	2.57	$6,122
Jan 2012	0	1,090	98.09	2.73	$2,980
Dec 2011	0	1,737	96.87	3.24	$5,627
Nov 2011	0	2,518	95.72	3.31	$8,338
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	1,866	83.62	3.99	$7,438
Aug 2011	0	2,906	83.40	4.15	$12,058
Jul 2011	0	3,024	94.14	4.52	$13,660
Jun 2011	0	2,773	92.90	4.64	$12,866
May 2011	0	2,748	98.13	4.40	$12,104
Apr 2011	0	2,659	105.96	4.33	$11,522
Mar 2011	0	2,784	96.36	4.06	$11,296
Feb 2011	0	1,835	85.64	4.18	$7,670
Jan 2011	0	3,227	86.50	4.59	$14,808
Dec 2010	0	3,199	85.73	4.35	$13,908
Nov 2010	0	3,406	80.84	3.80	$12,927
Oct 2010	0	3,685	78.10	3.51	$12,930
Sep 2010	0	3,587	72.63	3.98	$14,274
Aug 2010	0	3,729	73.68	4.42	$16,480
Jul 2010	0	3,879	72.55	4.74	$18,373
Jun 2010	0	3,656	70.36	4.91	$17,952
May 2010	0	3,860	71.12	4.24	$16,348
Apr 2010	0	3,872	81.69	4.12	$15,963
Mar 2010	0	3,903	78.39	4.39	$17,129
Feb 2010	0	3,452	73.58	5.44	$18,787
Jan 2010	0	3,698	74.36	5.96	$22,055
Dec 2009	0	3,696	71.44	5.48	$20,268
Nov 2009	0	3,684	74.59	3.75	$13,821
Oct 2009	0	3,882	72.54	4.11	$15,956
Sep 2009	0	3,644	65.54	3.06	$11,168
Aug 2009	0	3,768	67.42	3.22	$12,127
Jul 2009	0	4,323	61.13	3.46	$14,977
Jun 2009	0	4,187	66.16	3.90	$16,308
May 2009	0	4,423	54.74	3.93	$17,364
Apr 2009	0	4,376	46.77	3.59	$15,699
Mar 2009	0	4,165	42.14	4.06	$16,906
Feb 2009	0	3,645	32.81	4.63	$16,887
Jan 2009	0	4,258	35.86	5.37	$22,870
Dec 2008	0	4,381	37.10	5.98	$26,186
Nov 2008	0	3,040	55.49	6.86	$20,855
Oct 2008	0	4,598	75.24	6.92	$31,827
Sep 2008	0	4,192	101.76	7.88	$33,021
Aug 2008	0	4,223	114.22	8.48	$35,824
Jul 2008	0	4,249	131.08	11.39	$48,394
Jun 2008	0	3,750	131.33	13.03	$48,872
May 2008	0	2,464	123.17	11.57	$28,519
Apr 2008	0	1,009	110.31	10.45	$10,549
Mar 2008	0	2,103	101.90	9.66	$20,324
Feb 2008	0	3,117	92.53	8.77	$27,338
Jan 2008	0	1,955	90.38	8.21	$16,042
Dec 2007	0	3,543	88.33	7.30	$25,871
Nov 2007	0	3,814	91.67	7.29	$27,811
Oct 2007	0	4,226	82.85	6.92	$29,252
Sep 2007	0	2,981	75.84	6.24	$18,614
Aug 2007	0	3,555	69.06	6.39	$22,709
Jul 2007	0	4,434	70.90	6.39	$28,324
Jun 2007	0	4,364	62.00	7.55	$32,941
May 2007	0	4,517	58.74	7.85	$35,442
Apr 2007	0	4,488	59.61	7.81	$35,030
Mar 2007	0	4,815	56.92	7.30	$35,159
Feb 2007	0	5,011	55.10	8.22	$41,170
Jan 2007	0	3,759	50.30	6.73	$25,286
Dec 2006	0	2,487	56.65	6.92	$17,206
Nov 2006	0	3,494	54.20	7.62	$26,615
Oct 2006	0	5,203	54.90	6.01	$31,290
Sep 2006	0	6,791	60.08	5.04	$34,208
Aug 2006	0	3,054	68.71	7.34	$22,416
Jul 2006	0	5,942	69.37	6.34	$37,689
Jun 2006	0	6,527	66.28	6.38	$41,668
May 2006	0	7,967	66.01	6.42	$51,188
Apr 2006	0	8,866	64.39	7.36	$65,258
Mar 2006	0	8,100	56.70	7.08	$57,372
Feb 2006	0	9,658	57.59	7.75	$74,860
Jan 2006	0	11,147	60.59	8.93	$99,580
Dec 2005	0	4,249	54.94	13.42	$57,002
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$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.

Oct 2014 — as filed, then multipliedworked

Condensate            37 bbl  × $ 78.30 =     $2,897
Gas                    0 Mcf  × $  3.90 =         $0

────────────────────────────────────────────────────
Month total                                   $2,897

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. 01/G/214388 is the state's own key, not one this site invented.