WEBB, T.C. -A-

Operated by K2 PETROLEUM, INC. (P-5 479235) in the SOMERSET field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 11116District 01Field 84560001OilCasinghead gasSaveExport
Value, all time
$424 k
Jan 1993 – May 2026
Value, last 12 filed months
$0
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 1,033 leases and 5,137 wells, and the rule below applies to all of them.

Discovered
1911-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
330 ft
minimum
From a lease line
150 ft
minimum

A drilling unit in this field needs at least 2.05 acres. The field rule took effect on 1986-02-01.

The Commission's schedule remark for this field reads: RULES EFF. FOR SOMERSET FIELD 12-11-78.

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
OilDisposition7,305 bbl$422,953
Casinghead gasProduction157 Mcf$582
Total$423,535

39 Mcf of this lease's gas, across 39 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 (5)

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 29.1728, -98.6842. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

29.17285, -98.68408 · 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 5 wells
With a plug date
0.0%
0 of 5 wells
Median depth
1,743 ft
5 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.
5100.0%

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

Between 1,714 and 1,800 ft, median 1,743 ft, over the 5 wells that filed a depth.

Completions filed
May 1985 – Feb 1986
5 of 5 wells

5 wells

42-0133353631,800 ftFeb 1986
42-0133366241,740 ftFeb 1986
42-0133366351,762 ftFeb 1986
42-0133327311,714 ftMay 1985
42-0133331321,743 ftMay 1985

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 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 202464075.632.06$4,840
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 202474076.091.78$5,631
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 202375089.042.74$6,678
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 202373070.622.23$5,155
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 202370075.112.47$5,258
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 202291085.005.65$7,735
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 20221020101.587.54$10,361
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 20221100108.885.08$11,977
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 202180077.435.24$6,194
Oct 20210079.795.71$0
Sep 202180069.865.35$5,589
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 2021115060.362.76$6,941
Mar 20210061.302.72$0
Feb 202147057.805.55$2,717
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 2020169037.091.99$6,268
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 201998053.112.30$5,205
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 201971062.632.75$4,447
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 2018117052.934.24$6,193
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 201848059.403.07$2,851
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 201854065.382.90$3,531
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 201738057.272.92$2,176
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 2017112043.873.09$4,913
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 2016158041.622.92$6,576
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 201567048.152.95$3,226
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 2015113049.822.71$5,630
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 201563043.433.10$2,736
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 201427089.394.04$2,414
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 201488094.734.73$8,336
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 2013137091.824.35$12,579
Nov 20130088.853.74$0
Oct 201344097.423.78$4,286
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 2013132094.403.93$12,461
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 201375093.623.91$7,022
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 201240086.773.42$3,471
Nov 2012159086.953.62$13,825
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 201267085.133.02$5,704
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 2012400101.652.00$4,066
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 201158083.404.15$4,837
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 201162098.134.40$6,084
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 201058085.734.35$4,972
Nov 20100080.843.80$0
Oct 201098078.103.51$7,654
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 201084072.554.74$6,094
Jun 20100070.364.91$0
May 201049071.124.24$3,485
Apr 20100081.694.12$0
Mar 201074078.394.39$5,801
Feb 20100073.585.44$0
Jan 201062074.365.96$4,610
Dec 20090071.445.48$0
Nov 200974074.593.75$5,520
Oct 20090072.544.11$0
Sep 200998065.543.06$6,423
Aug 20090067.423.22$0
Jul 2009100061.133.46$6,113
Jun 20090066.163.90$0
May 200947054.743.93$2,573
Apr 2009168046.773.59$7,857
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 200883037.105.98$3,079
Nov 20080055.496.86$0
Oct 200886075.246.92$6,471
Sep 200800101.767.88$0
Aug 2008900114.228.48$10,280
Jul 200800131.0811.39$0
Jun 2008940131.3313.03$12,345
May 200800123.1711.57$0
Apr 20081200110.3110.45$13,237
Mar 200800101.909.66$0
Feb 2008105092.538.77$9,716
Jan 20080190.388.21$8
Dec 200797188.337.30$8,575
Nov 20070191.677.29$7
Oct 20070182.856.92$7
Sep 20070175.846.24$6
Aug 20070169.066.39$6
Jul 20070170.906.39$6
Jun 20070162.007.55$8
May 20070158.747.85$8
Apr 200752159.617.81$3,108
Mar 20070156.927.30$7
Feb 20070155.108.22$8
Jan 20070150.306.73$7
Dec 200663156.656.92$3,576
Nov 20060154.207.62$8
Oct 20060154.906.01$6
Sep 20060160.085.04$5
Aug 200678168.717.34$5,367
Jul 20060169.376.34$6
Jun 200675166.286.38$4,977
May 200661166.016.42$4,033
Apr 20060164.397.36$7
Mar 20060156.707.08$7
Feb 20060157.597.75$8
Jan 20060160.598.93$9
Dec 20050154.9413.42$13
Nov 20050154.6910.59$11
Oct 200568158.3413.80$3,981
Sep 20050161.4512.08$12
Aug 20050161.519.80$10
Jul 20050155.697.84$8
Jun 20050152.337.38$7
May 20050145.226.65$7
Apr 200555149.207.36$2,713
Mar 20050150.377.15$7
Feb 20050145.226.31$6
Jan 20050143.166.32$6
Dec 20040139.866.75$7
Nov 200481145.286.33$3,674
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040132.455.51$6
Jan 20040132.036.30$6
Dec 20030130.266.30$6
Nov 20030128.804.60$5
Oct 20030128.174.76$5
Sep 20030126.314.75$5
Aug 20030129.765.13$5
Jul 200370129.415.17$2,064
Jun 20030128.565.98$6
May 20030126.595.97$6
Apr 20030126.675.41$5
Mar 2003132031.146.10$4,110
Feb 20030133.487.93$8
Jan 20030130.315.58$6
Dec 20020026.914.85$0
Nov 20020124.664.14$4
Oct 20020126.464.23$4
Sep 20020127.443.64$4
Aug 20020125.963.16$3
Jul 20020124.583.06$3
Jun 2002112123.733.34$2,661
May 20020124.663.58$4
Apr 2002107123.653.51$2,534
Mar 20020122.003.10$3
Feb 20020118.222.38$2
Jan 20020117.172.38$2
Dec 200145016.932.36$762
Nov 20010118.072.41$2
Oct 20010119.782.53$3
Sep 20010124.262.25$2
Aug 20010124.873.05$3
Jul 20010123.933.20$3
Jun 2001146124.563.82$3,590
May 20010125.524.31$4
Apr 20010124.685.34$5
Mar 20010124.545.38$5
Feb 20010127.755.77$6
Jan 20010127.478.40$8
Dec 200068126.889.12$1,837
Nov 2000131132.215.66$4,225
Oct 2000159131.235.15$4,971
Sep 2000156131.875.19$4,977
Aug 20000129.644.54$5
Jul 20000128.534.09$4
Jun 20000129.304.40$4
May 20000127.263.68$4
Apr 20000124.513.12$3
Mar 20000128.422.86$3
Feb 20000027.622.73$0
Jan 20000125.272.48$2
Dec 19990024.282.42$0
Nov 19990123.192.43$2
Oct 19990120.982.80$3
Sep 19990121.752.62$3
Aug 19990019.262.88$0
Jul 19990117.892.37$2
Jun 19990115.942.36$2
May 19990115.792.32$2
Apr 19990115.102.21$2
Mar 19990112.471.84$2
Feb 1999019.981.82$2
Jan 19990110.381.90$2
Dec 1998019.201.77$2
Nov 19980110.892.19$2
Oct 19980112.421.97$2
Sep 19980112.592.08$2
Aug 19980111.301.91$2
Jul 19980111.742.24$2
Jun 19980111.242.24$2
May 19980112.622.21$2
Apr 19980113.042.51$3
Mar 19980112.802.31$2
Feb 19980113.952.30$2
Jan 19980114.702.15$2
Dec 19970116.322.41$2
Nov 19970118.193.09$3
Oct 19970119.253.15$3
Sep 19970017.742.95$0
Aug 19970117.862.55$3
Jul 19970117.582.25$2
Jun 19970117.242.26$2
May 19970118.972.31$2
Apr 19970117.882.08$2
Mar 19970118.951.94$2
Feb 19970120.492.21$2
Jan 19970123.483.54$4
Dec 19960123.32$0
Nov 19960121.97$0
Oct 19960123.31$0
Sep 19960122.22$0
Aug 199691120.26$1,844
Jul 19960119.55$0
Jun 19960118.73$0
May 19960019.43$0
Apr 19960121.51$0
Mar 19960119.38$0
Feb 199675116.98$1,274
Jan 19960117.07$0
Dec 19950117.19$0
Nov 19950116.00$0
Oct 19950115.43$0
Sep 19950116.18$0
Aug 19950115.92$0
Jul 199542115.24$640
Jun 19950116.41$0
May 19950017.56$0
Apr 19950017.73$0
Mar 19950016.44$0
Feb 199542016.58$696
Jan 19950015.92$0
Dec 19940015.03$0
Nov 19940015.90$0
Oct 19940015.58$0
Sep 199432115.29$489
Aug 19940116.13$0
Jul 19940117.56$0
Jun 199457117.09$974
May 19940115.88$0
Apr 1994149114.14$2,107
Mar 19940112.46$0
Feb 19940112.50$0
Jan 19940112.66$0
Dec 19930112.33$0
Nov 199364114.49$927
Oct 19930115.85$0
Sep 199386115.03$1,293
Aug 19930115.66$0
Jul 199386115.46$1,330
Jun 19930116.79$0
May 199388117.68$1,556
Apr 199394118.05$1,697
Mar 199362118.14$1,125
Feb 19930117.90$0
Jan 199373116.93$1,236

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.

Aug 2024 — as filed, then multipliedworked
Oil                   64 bbl  × $ 75.63 =     $4,840
Casinghead gas         0 Mcf  × $  2.06 =         $0

────────────────────────────────────────────────────
Month total                                   $4,840

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/11116 is the state's own key, not one this site invented.