RUNK STAYTON

Operated by PEDECO, INC. (P-5 650153) in the J.Y.F. (BUDA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 7027District 01Field 45239500Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$28 k
Jan 1993 – Feb 2000
Value, last 12 filed months
$0
at the published price for each month
Months reported
86
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 6 leases and 15 wells, and the rule below applies to all of them.

Discovered
1980-10-23
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 160 acres. The field rule took effect on 1984-04-09.

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: OP 80 ACRES W/DIAG. 3250'

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
NGPA1none

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
OilDisposition1,665 bbl$27,800
Casinghead gasProduction35 Mcf$0
Total$27,800

35 Mcf of this lease's gas, across 35 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 (2)

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 29.0238, -98.1452. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

29.02378, -98.14520 · 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
100.0%
2 of 2 wells
With a plug date
100.0%
2 of 2 wells
Median depth
7,797 ft
2 wells filed one
Completion to plug
8.8 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
2100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
2100.0%
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

Between 7,796 and 7,798 ft, median 7,797 ft, over the 2 wells that filed a depth.

Completions filed
Oct 1981 – Jun 1997
2 of 2 wells
Plug dates filed
Dec 1996 – Oct 1999
2 of 2 wells

Last completion to plug: a median of 8.8 years across the 2 wells that filed both dates, with the middle half between 5.6 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.

2 wells

42-4933088517,798 ftJun 1997Oct 1999Yes
42-4933091127,796 ftOct 1981Dec 1996Yes

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

Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 19970019.253.15$0
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 1997115017.582.25$2,022
Jun 19970017.242.26$0
May 19971018.972.31$19
Apr 19970017.882.08$0
Mar 19972018.951.94$38
Feb 19970020.492.21$0
Jan 19970023.483.54$0
Dec 19960023.32$0
Nov 19960021.97$0
Oct 19960023.31$0
Sep 1996108022.22$2,400
Aug 19960020.26$0
Jul 19960019.55$0
Jun 1996172018.73$3,222
May 19960019.43$0
Apr 19960021.51$0
Mar 1996169019.38$3,275
Feb 19960016.98$0
Jan 19960017.07$0
Dec 19950017.19$0
Nov 19950116.00$0
Oct 19950115.43$0
Sep 19950116.18$0
Aug 19950115.92$0
Jul 1995158115.24$2,408
Jun 19950116.41$0
May 19950117.56$0
Apr 19950117.73$0
Mar 19950116.44$0
Feb 19950116.58$0
Jan 19950115.92$0
Dec 19940115.03$0
Nov 1994128115.90$2,035
Oct 19940115.58$0
Sep 19940115.29$0
Aug 19940116.13$0
Jul 199446117.56$808
Jun 1994104117.09$1,777
May 19940115.88$0
Apr 19940114.14$0
Mar 1994170112.46$2,118
Feb 19940112.50$0
Jan 19940112.66$0
Dec 199377112.33$949
Nov 1993153114.49$2,217
Oct 19930115.85$0
Sep 19930115.03$0
Aug 199374115.66$1,159
Jul 19930115.46$0
Jun 19930116.79$0
May 19930117.68$0
Apr 19930118.05$0
Mar 1993141118.14$2,558
Feb 19930117.90$0
Jan 199347116.93$796

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.

Jul 1997 — as filed, then multipliedworked
Oil                  115 bbl  × $ 17.58 =     $2,022
Casinghead gas         0 Mcf  × $  2.25 =         $0

────────────────────────────────────────────────────
Month total                                   $2,022

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/7027 is the state's own key, not one this site invented.