LABUS

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

Operated by VIRTEX OPERATING COMPANY, INC. (P-5 886261) in the MARCELINA CREEK (AUSTIN CHALK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 10634District 01Field 57367500Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$1.8 M

Jan 1993 – Sep 2018

Value, last 12 filed months

$16 k

at the published price for each month

Months reported

309

no gaps in the span

Streams

oil, casinghead gas

The MARCELINA CREEK (AUSTIN CHALK) 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 164 leases and 198 wells, and the rule below applies to all of them.

Discovered

1980-10-09

as the register files it

Field class

Oil

the register's own label

Between wells

1,200 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 80 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: “80 ACRES OP. 3250 DIAG.”

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	42,739 bbl	$1,817,445
Casinghead gas	Production	319 Mcf	$1,254
Total			$1,818,699

19 Mcf of this lease's gas, across 19 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 (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 29.0113, -98.1083. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.01128, -98.10826 · 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

8,392 ft

1 wells filed one

Completion to plug

32.3 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 8,392 ft.

Completions filed

Oct 1985

1 of 1 wells

Plug dates filed

Feb 2018

1 of 1 wells

Last completion to plug: a median of 32.3 years across the 1 well that filed both dates, with the middle half between 32.3 years and 32.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-49331482	1	8,392 ft	Oct 1985	Feb 2018	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 (309)

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

309 months


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	0	0	61.22	2.79	$0
Feb 2018	122	0	61.78	2.77	$7,537
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	165	0	49.29	2.98	$8,133
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	179	0	46.77	2.98	$8,372
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	164	0	42.49	2.64	$6,968
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	177	0	41.55	3.10	$7,354
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	154	0	45.35	2.69	$6,984
May 2016	0	0	42.52	1.99	$0
Apr 2016	158	0	36.56	1.99	$5,776
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	149	0	27.35	2.36	$4,075
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	173	0	38.79	2.17	$6,711
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	156	0	42.99	2.76	$6,706
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	145	0	48.15	2.95	$6,982
Jun 2015	138	0	56.15	2.88	$7,749
May 2015	0	0	55.21	2.96	$0
Apr 2015	162	0	49.82	2.71	$8,071
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	139	0	43.43	3.10	$6,037
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	160	0	70.46	4.25	$11,274
Oct 2014	161	0	78.30	3.90	$12,606
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	151	0	89.39	4.04	$13,498
Jul 2014	147	300	96.56	4.18	$15,448
Jun 2014	142	0	98.16	4.74	$13,939
May 2014	157	0	94.73	4.73	$14,873
Apr 2014	298	0	95.94	4.81	$28,590
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	144	0	97.40	6.19	$14,026
Jan 2014	143	0	90.40	4.86	$12,927
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	162	0	88.85	3.74	$14,394
Oct 2013	198	0	97.42	3.78	$19,289
Sep 2013	158	0	104.11	3.72	$16,449
Aug 2013	197	0	104.25	3.52	$20,537
Jul 2013	153	0	102.52	3.72	$15,686
Jun 2013	156	0	94.40	3.93	$14,726
May 2013	314	0	94.83	4.15	$29,777
Apr 2013	158	0	93.96	4.28	$14,846
Mar 2013	158	0	93.62	3.91	$14,792
Feb 2013	319	0	91.23	3.42	$29,102
Jan 2013	157	0	91.60	3.42	$14,381
Dec 2012	472	0	86.77	3.42	$40,955
Nov 2012	617	0	86.95	3.62	$53,648
Oct 2012	157	0	89.38	3.40	$14,033
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	159	0	92.66	2.91	$14,733
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	167	0	79.82	2.52	$13,330
May 2012	159	0	91.61	2.49	$14,566
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	168	0	105.05	2.22	$17,648
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	154	0	98.09	2.73	$15,106
Dec 2011	144	0	96.87	3.24	$13,949
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	157	0	84.98	3.65	$13,342
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	153	0	83.40	4.15	$12,760
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	157	0	92.90	4.64	$14,585
May 2011	0	0	98.13	4.40	$0
Apr 2011	158	0	105.96	4.33	$16,742
Mar 2011	159	0	96.36	4.06	$15,321
Feb 2011	155	0	85.64	4.18	$13,274
Jan 2011	160	0	86.50	4.59	$13,840
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	158	0	78.10	3.51	$12,340
Sep 2010	161	0	72.63	3.98	$11,693
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	159	0	72.55	4.74	$11,535
Jun 2010	0	0	70.36	4.91	$0
May 2010	160	0	71.12	4.24	$11,379
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	152	0	78.39	4.39	$11,915
Feb 2010	133	0	73.58	5.44	$9,786
Jan 2010	158	0	74.36	5.96	$11,749
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	162	0	74.59	3.75	$12,084
Oct 2009	156	0	72.54	4.11	$11,316
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	157	0	67.42	3.22	$10,585
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	149	0	66.16	3.90	$9,858
May 2009	159	0	54.74	3.93	$8,704
Apr 2009	155	0	46.77	3.59	$7,249
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	169	0	32.81	4.63	$5,545
Jan 2009	158	0	35.86	5.37	$5,666
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	143	0	55.49	6.86	$7,935
Oct 2008	155	0	75.24	6.92	$11,662
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	156	0	114.22	8.48	$17,818
Jul 2008	166	0	131.08	11.39	$21,759
Jun 2008	173	0	131.33	13.03	$22,720
May 2008	156	0	123.17	11.57	$19,215
Apr 2008	166	0	110.31	10.45	$18,311
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	155	0	90.38	8.21	$14,009
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	156	0	91.67	7.29	$14,301
Oct 2007	144	0	82.85	6.92	$11,930
Sep 2007	124	0	75.84	6.24	$9,404
Aug 2007	161	0	69.06	6.39	$11,119
Jul 2007	155	0	70.90	6.39	$10,990
Jun 2007	162	0	62.00	7.55	$10,044
May 2007	160	0	58.74	7.85	$9,398
Apr 2007	174	0	59.61	7.81	$10,372
Mar 2007	161	0	56.92	7.30	$9,164
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	163	0	56.65	6.92	$9,234
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	162	0	54.90	6.01	$8,894
Sep 2006	170	0	60.08	5.04	$10,214
Aug 2006	168	0	68.71	7.34	$11,543
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	170	0	66.28	6.38	$11,268
May 2006	0	0	66.01	6.42	$0
Apr 2006	171	0	64.39	7.36	$11,011
Mar 2006	163	0	56.70	7.08	$9,242
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	156	0	60.59	8.93	$9,452
Dec 2005	142	0	54.94	13.42	$7,801
Nov 2005	169	0	54.69	10.59	$9,243
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	174	0	61.45	12.08	$10,692
Aug 2005	171	0	61.51	9.80	$10,518
Jul 2005	162	0	55.69	7.84	$9,022
Jun 2005	163	0	52.33	7.38	$8,530
May 2005	0	0	45.22	6.65	$0
Apr 2005	322	0	49.20	7.36	$15,842
Mar 2005	175	0	50.37	7.15	$8,815
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	172	0	43.16	6.32	$7,424
Dec 2004	168	0	39.86	6.75	$6,696
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	157	0	49.70	6.52	$7,803
Sep 2004	164	0	43.24	5.28	$7,091
Aug 2004	163	0	42.37	5.55	$6,906
Jul 2004	329	0	38.28	6.08	$12,594
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	462	0	34.47	5.86	$15,925
Mar 2004	160	0	34.36	5.53	$5,498
Feb 2004	314	0	32.45	5.51	$10,189
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	165	0	30.26	6.30	$4,993
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	323	0	28.17	4.76	$9,099
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	150	0	29.76	5.13	$4,464
Jul 2003	149	0	29.41	5.17	$4,382
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	156	0	26.67	5.41	$4,161
Mar 2003	324	0	31.14	6.10	$10,089
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	158	0	30.31	5.58	$4,789
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	172	0	24.66	4.14	$4,242
Oct 2002	159	0	26.46	4.23	$4,207
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	168	0	25.96	3.16	$4,361
Jul 2002	170	0	24.58	3.06	$4,179
Jun 2002	169	0	23.73	3.34	$4,010
May 2002	168	0	24.66	3.58	$4,143
Apr 2002	171	0	23.65	3.51	$4,044
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	174	0	18.22	2.38	$3,170
Jan 2002	169	0	17.17	2.38	$2,902
Dec 2001	161	0	16.93	2.36	$2,726
Nov 2001	190	0	18.07	2.41	$3,433
Oct 2001	334	0	19.78	2.53	$6,607
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	166	0	24.87	3.05	$4,128
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	162	0	24.56	3.82	$3,979
May 2001	174	0	25.52	4.31	$4,440
Apr 2001	174	0	24.68	5.34	$4,294
Mar 2001	178	0	24.54	5.38	$4,368
Feb 2001	166	0	27.75	5.77	$4,607
Jan 2001	192	0	27.47	8.40	$5,274
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	172	0	32.21	5.66	$5,540
Oct 2000	162	0	31.23	5.15	$5,059
Sep 2000	172	0	31.87	5.19	$5,482
Aug 2000	168	0	29.64	4.54	$4,980
Jul 2000	170	0	28.53	4.09	$4,850
Jun 2000	166	0	29.30	4.40	$4,864
May 2000	0	0	27.26	3.68	$0
Apr 2000	158	0	24.51	3.12	$3,873
Mar 2000	336	0	28.42	2.86	$9,549
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	339	0	25.27	2.48	$8,567
Dec 1999	176	0	24.28	2.42	$4,273
Nov 1999	170	0	23.19	2.43	$3,942
Oct 1999	163	0	20.98	2.80	$3,420
Sep 1999	172	0	21.75	2.62	$3,741
Aug 1999	164	0	19.26	2.88	$3,159
Jul 1999	168	0	17.89	2.37	$3,006
Jun 1999	0	0	15.94	2.36	$0
May 1999	342	0	15.79	2.32	$5,400
Apr 1999	179	0	15.10	2.21	$2,703
Mar 1999	340	0	12.47	1.84	$4,240
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	176	0	10.38	1.90	$1,827
Dec 1998	171	0	9.20	1.77	$1,573
Nov 1998	165	0	10.89	2.19	$1,797
Oct 1998	0	0	12.42	1.97	$0
Sep 1998	171	0	12.59	2.08	$2,153
Aug 1998	0	0	11.30	1.91	$0
Jul 1998	331	0	11.74	2.24	$3,886
Jun 1998	0	0	11.24	2.24	$0
May 1998	164	0	12.62	2.21	$2,070
Apr 1998	164	0	13.04	2.51	$2,139
Mar 1998	164	0	12.80	2.31	$2,099
Feb 1998	163	0	13.95	2.30	$2,274
Jan 1998	163	0	14.70	2.15	$2,396
Dec 1997	166	0	16.32	2.41	$2,709
Nov 1997	160	0	18.19	3.09	$2,910
Oct 1997	325	0	19.25	3.15	$6,256
Sep 1997	0	0	17.74	2.95	$0
Aug 1997	338	0	17.86	2.55	$6,037
Jul 1997	175	0	17.58	2.25	$3,077
Jun 1997	471	0	17.24	2.26	$8,120
May 1997	0	0	18.97	2.31	$0
Apr 1997	0	0	17.88	2.08	$0
Mar 1997	318	0	18.95	1.94	$6,026
Feb 1997	164	0	20.49	2.21	$3,360
Jan 1997	339	0	23.48	3.54	$7,960
Dec 1996	170	0	23.32	—	$3,964
Nov 1996	174	0	21.97	—	$3,823
Oct 1996	164	0	23.31	—	$3,823
Sep 1996	170	0	22.22	—	$3,777
Aug 1996	323	0	20.26	—	$6,544
Jul 1996	174	0	19.55	—	$3,402
Jun 1996	348	0	18.73	—	$6,518
May 1996	164	0	19.43	—	$3,187
Apr 1996	338	0	21.51	—	$7,270
Mar 1996	166	0	19.38	—	$3,217
Feb 1996	334	0	16.98	—	$5,671
Jan 1996	168	0	17.07	—	$2,868
Dec 1995	170	0	17.19	—	$2,922
Nov 1995	341	0	16.00	—	$5,456
Oct 1995	347	0	15.43	—	$5,354
Sep 1995	174	0	16.18	—	$2,815
Aug 1995	335	0	15.92	—	$5,333
Jul 1995	517	0	15.24	—	$7,879
Jun 1995	857	0	16.41	—	$14,063
May 1995	0	0	17.56	—	$0
Apr 1995	0	0	17.73	—	$0
Mar 1995	0	0	16.44	—	$0
Feb 1995	0	0	16.58	—	$0
Jan 1995	172	0	15.92	—	$2,738
Dec 1994	341	0	15.03	—	$5,125
Nov 1994	517	0	15.90	—	$8,220
Oct 1994	860	0	15.58	—	$13,399
Sep 1994	0	0	15.29	—	$0
Aug 1994	170	1	16.13	—	$2,742
Jul 1994	0	0	17.56	—	$0
Jun 1994	168	1	17.09	—	$2,871
May 1994	339	1	15.88	—	$5,383
Apr 1994	172	1	14.14	—	$2,432
Mar 1994	344	1	12.46	—	$4,286
Feb 1994	0	1	12.50	—	$0
Jan 1994	171	1	12.66	—	$2,165
Dec 1993	170	1	12.33	—	$2,096
Nov 1993	169	1	14.49	—	$2,449
Oct 1993	169	1	15.85	—	$2,679
Sep 1993	170	1	15.03	—	$2,555
Aug 1993	148	1	15.66	—	$2,318
Jul 1993	165	1	15.46	—	$2,551
Jun 1993	331	1	16.79	—	$5,557
May 1993	170	1	17.68	—	$3,006
Apr 1993	0	1	18.05	—	$0
Mar 1993	173	1	18.14	—	$3,138
Feb 1993	349	1	17.90	—	$6,247
Jan 1993	177	1	16.93	—	$2,997

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.

Feb 2018 — as filed, then multipliedworked

Oil                  122 bbl  × $ 61.78 =     $7,537
Casinghead gas         0 Mcf  × $  2.77 =         $0

────────────────────────────────────────────────────
Month total                                   $7,537

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/O/10634 is the state's own key, not one this site invented.