REAGAN, W.F.

Operated by TERRAFINA ENERGY, LLC (P-5 843271) in the OAKVILLE field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 7312District 02Field 66519001OilCasinghead gasSaveExport
Value, all time
$4.5 M
Jan 1993 – May 2026
Value, last 12 filed months
$59 k
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 13 leases and 34 wells, and the rule below applies to all of them.

Discovered
1936-09-07
as the register files it
Field class
Oil and gas
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 10 acres. The field rule took effect on 1937-07-09.

The Commission's schedule remark for this field reads: RULES EFF. 7-9-37 PER DKT. 2-21.

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
OilDisposition110,038 bbl$4,482,788
Casinghead gasProduction36 Mcf$0
Total$4,482,788

36 Mcf of this lease's gas, across 36 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 (7)

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 28.4601, -98.1030. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

28.46075, -98.10243 · 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
57.1%
4 of 7 wells
With a plug date
57.1%
4 of 7 wells
Median depth
2,860 ft
7 wells filed one
Completion to plug
9.5 years
median over 4 wells

What the state filed about each well

On the RRC proration schedule
457.1%
A plug date is filed
457.1%
BothOn the schedule and plugged. Neither fact cancels the other.
457.1%
NeitherNo plug date, and not on the schedule.
342.9%

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 2,850 and 2,900 ft, median 2,860 ft, over the 7 wells that filed a depth.

Completions filed
Sep 1987 – Apr 2017
7 of 7 wells
Plug dates filed
Feb 1997 – Feb 1998
4 of 7 wells; 3 filed none

Last completion to plug: a median of 9.5 years across the 4 wells that filed both dates, with the middle half between 9.3 years and 9.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

7 wells

42-2973380022,860 ftApr 2017
42-2973453472,850 ftJan 2004
42-2973386862,900 ftApr 1989Feb 1998Yes
42-2973382852,860 ftAug 1988Feb 1998Yes
42-2973382142,860 ftMay 1988
42-2973381632,860 ftApr 1988Feb 1998Yes
42-2973375512,860 ftSep 1987Feb 1997Yes

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 20261550106.413.05$16,494
Apr 2026178098.932.87$17,610
Mar 2026156089.753.15$14,001
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 2025178062.743.08$11,168
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 2025157070.884.34$11,128
Jan 20250074.324.28$0
Dec 2024159068.993.12$10,969
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 202447080.301.55$3,774
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 2023158080.522.67$12,722
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 2023162078.122.24$12,655
Mar 20230072.852.39$0
Feb 2023156075.112.47$11,717
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 2022159087.185.86$13,862
Sep 2022164084.888.16$13,920
Aug 2022159094.529.13$15,029
Jul 20221480101.587.54$15,034
Jun 202200115.097.98$0
May 20221550109.378.43$16,952
Apr 202200104.226.84$0
Mar 20221580108.885.08$17,203
Feb 2022167091.054.86$15,205
Jan 20220081.844.54$0
Dec 2021152071.323.90$10,841
Nov 2021159077.435.24$12,311
Oct 2021157079.795.71$12,527
Sep 2021156069.865.35$10,898
Aug 2021158066.024.22$10,431
Jul 2021153070.783.98$10,829
Jun 2021164069.493.38$11,396
May 20210063.483.02$0
Apr 2021151060.362.76$9,114
Mar 2021152061.302.72$9,318
Feb 20210057.805.55$0
Jan 2021161050.412.81$8,116
Dec 2020157044.642.68$7,008
Nov 2020159038.772.71$6,164
Oct 2020149036.972.48$5,509
Sep 20200037.091.99$0
Aug 2020153039.982.39$6,117
Jul 2020153038.371.83$5,871
Jun 2020148034.901.69$5,165
May 2020160016.921.81$2,707
Apr 20200014.751.80$0
Mar 2020158030.341.86$4,794
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 2019154059.012.30$9,088
Nov 2019155055.302.75$8,572
Oct 20190053.472.42$0
Sep 2019155055.052.66$8,533
Aug 20190053.112.30$0
Jul 2019153056.272.46$8,609
Jun 20190052.782.49$0
May 2019153058.482.74$8,947
Apr 2019157062.632.75$9,833
Mar 2019158056.803.06$8,974
Feb 2019156050.852.79$7,933
Jan 20190046.033.23$0
Dec 2018317046.594.19$14,769
Nov 20180052.934.24$0
Oct 2018159061.443.40$9,769
Sep 20180059.543.11$0
Aug 2018157059.403.07$9,326
Jul 2018154065.142.93$10,032
Jun 2018157060.183.08$9,448
May 2018153065.382.90$10,003
Apr 20180063.842.90$0
Mar 2018158061.222.79$9,673
Feb 20180061.782.77$0
Jan 2018158062.874.01$9,933
Dec 20170057.272.92$0
Nov 2017153055.423.12$8,479
Oct 2017157049.292.98$7,739
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 2017160043.873.09$7,019
Jun 20170042.493.09$0
May 2017165045.373.26$7,486
Apr 20170047.933.21$0
Mar 2017160046.772.98$7,483
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 2016165048.763.72$8,045
Nov 2016156042.492.64$6,628
Oct 20160046.193.09$0
Sep 2016159041.553.10$6,606
Aug 20160041.442.92$0
Jul 2016161041.622.92$6,701
Jun 20160045.352.69$0
May 2016158042.521.99$6,718
Apr 2016165036.561.99$6,032
Mar 20160033.011.79$0
Feb 2016160026.472.06$4,235
Jan 20160027.352.36$0
Dec 2015171032.362.00$5,534
Nov 20150038.792.17$0
Oct 2015169043.552.43$7,360
Sep 2015174042.992.76$7,480
Aug 2015169040.162.87$6,787
Jul 20150048.152.95$0
Jun 2015173056.152.88$9,714
May 2015163055.212.96$8,999
Apr 20150049.822.71$0
Mar 2015199042.892.93$8,535
Feb 20150044.662.98$0
Jan 2015169043.433.10$7,340
Dec 2014165054.693.59$9,024
Nov 2014155070.464.25$10,921
Oct 2014190078.303.90$14,877
Sep 2014158086.164.05$13,613
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 2014169094.734.73$16,009
Apr 20140095.944.81$0
Mar 2014159095.895.06$15,247
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 2013157091.824.35$14,416
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 20131480104.113.72$15,408
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 2013163094.403.93$15,387
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 2013162093.623.91$15,166
Feb 20130091.233.42$0
Jan 2013159091.603.42$14,564
Dec 2012159086.773.42$13,796
Nov 2012170086.953.62$14,782
Oct 2012179089.383.40$15,999
Sep 20120094.672.92$0
Aug 2012177092.662.91$16,401
Jul 2012188085.133.02$16,004
Jun 2012167079.822.52$13,330
May 2012158091.612.49$14,474
Apr 20123350101.652.00$34,053
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 2012181098.092.73$17,754
Dec 2011167096.873.24$16,177
Nov 2011173095.723.31$16,560
Oct 20110084.983.65$0
Sep 2011162083.623.99$13,546
Aug 20110083.404.15$0
Jul 2011164094.144.52$15,439
Jun 20110092.904.64$0
May 2011366098.134.40$35,916
Apr 201100105.964.33$0
Mar 2011197096.364.06$18,983
Feb 20110085.644.18$0
Jan 2011158086.504.59$13,667
Dec 2010185085.734.35$15,860
Nov 2010170080.843.80$13,743
Oct 2010335078.103.51$26,164
Sep 20100072.633.98$0
Aug 2010157073.684.42$11,568
Jul 2010168072.554.74$12,188
Jun 2010162070.364.91$11,398
May 2010164071.124.24$11,664
Apr 2010180081.694.12$14,704
Mar 2010363078.394.39$28,456
Feb 2010498073.585.44$36,643
Jan 2010155074.365.96$11,526
Dec 20090071.445.48$0
Nov 2009323074.593.75$24,093
Oct 2009157072.544.11$11,389
Sep 2009160065.543.06$10,486
Aug 2009311067.423.22$20,968
Jul 2009307061.133.46$18,767
Jun 2009317066.163.90$20,973
May 2009326054.743.93$17,845
Apr 2009317046.773.59$14,826
Mar 2009321042.144.06$13,527
Feb 2009356032.814.63$11,680
Jan 2009321035.865.37$11,511
Dec 2008364037.105.98$13,504
Nov 2008339055.496.86$18,811
Oct 2008322075.246.92$24,227
Sep 20083180101.767.88$32,360
Aug 20083330114.228.48$38,035
Jul 20085140131.0811.39$67,375
Jun 20083110131.3313.03$40,844
May 20083240123.1711.57$39,907
Apr 20083530110.3110.45$38,939
Mar 20083600101.909.66$36,684
Feb 2008502092.538.77$46,450
Jan 2008351090.388.21$31,723
Dec 2007549088.337.30$48,493
Nov 2007311091.677.29$28,509
Oct 2007815082.856.92$67,523
Sep 2007155075.846.24$11,755
Aug 2007659069.066.39$45,511
Jul 20070070.906.39$0
Jun 2007660062.007.55$40,920
May 2007337058.747.85$19,795
Apr 2007549059.617.81$32,726
Mar 2007646056.927.30$36,770
Feb 2007646055.108.22$35,595
Jan 2007174050.306.73$8,752
Dec 2006497056.656.92$28,155
Nov 2006512054.207.62$27,750
Oct 2006527054.906.01$28,932
Sep 2006330060.085.04$19,826
Aug 2006336068.717.34$23,087
Jul 2006639069.376.34$44,327
Jun 20060066.286.38$0
May 2006334066.016.42$22,047
Apr 2006341064.397.36$21,957
Mar 2006490056.707.08$27,783
Feb 2006640057.597.75$36,858
Jan 2006481060.598.93$29,144
Dec 2005366054.9413.42$20,108
Nov 2005495054.6910.59$27,072
Oct 2005496058.3413.80$28,937
Sep 2005685061.4512.08$42,093
Aug 2005528061.519.80$32,477
Jul 2005688055.697.84$38,315
Jun 2005507052.337.38$26,531
May 2005661045.226.65$29,890
Apr 2005563049.207.36$27,700
Mar 2005685050.377.15$34,503
Feb 2005514045.226.31$23,243
Jan 2005856043.166.32$36,945
Dec 2004485039.866.75$19,332
Nov 2004661045.286.33$29,930
Oct 2004675049.706.52$33,548
Sep 2004857043.245.28$37,057
Aug 2004814042.375.55$34,489
Jul 2004497038.286.08$19,025
Jun 2004637036.106.43$22,996
May 2004584037.486.49$21,888
Apr 2004644034.475.86$22,199
Mar 2004480034.365.53$16,493
Feb 2004648032.455.51$21,028
Jan 2004479032.036.30$15,342
Dec 2003326030.266.30$9,865
Nov 2003331028.804.60$9,533
Oct 2003323028.174.76$9,099
Sep 2003490026.314.75$12,892
Aug 2003480029.765.13$14,285
Jul 2003330029.415.17$9,705
Jun 2003324028.565.98$9,253
May 2003503026.595.97$13,375
Apr 2003173026.675.41$4,614
Mar 2003308031.146.10$9,591
Feb 2003315033.487.93$10,546
Jan 2003317030.315.58$9,608
Dec 2002303026.914.85$8,154
Nov 2002662024.664.14$16,325
Oct 2002313026.464.23$8,282
Sep 20020027.443.64$0
Aug 2002522025.963.16$13,551
Jul 2002154024.583.06$3,785
Jun 2002465023.733.34$11,034
May 2002463024.663.58$11,418
Apr 2002303023.653.51$7,166
Mar 2002617022.003.10$13,574
Feb 2002493018.222.38$8,982
Jan 2002482017.172.38$8,276
Dec 2001313016.932.36$5,299
Nov 2001650018.072.41$11,746
Oct 2001479019.782.53$9,475
Sep 2001661024.262.25$16,036
Aug 2001652024.873.05$16,215
Jul 2001490023.933.20$11,726
Jun 2001322024.563.82$7,908
May 2001659025.524.31$16,818
Apr 2001993024.685.34$24,507
Mar 2001838024.545.38$20,565
Feb 2001679027.755.77$18,842
Jan 20011,172027.478.40$32,195
Dec 2000842026.889.12$22,633
Nov 2000869032.215.66$27,990
Oct 20001,162031.235.15$36,289
Sep 20001,206031.875.19$38,435
Aug 20001,018029.644.54$30,174
Jul 2000515028.534.09$14,693
Jun 2000651029.304.40$19,074
May 2000336027.263.68$9,159
Apr 2000338024.513.12$8,284
Mar 2000502028.422.86$14,267
Feb 2000500027.622.73$13,810
Jan 2000500025.272.48$12,635
Dec 1999508024.282.42$12,334
Nov 1999529023.192.43$12,268
Oct 1999173020.982.80$3,630
Sep 1999173021.752.62$3,763
Aug 1999370019.262.88$7,126
Jul 1999160017.892.37$2,862
Jun 1999483015.942.36$7,699
May 1999162015.792.32$2,558
Apr 1999326015.102.21$4,923
Mar 1999161012.471.84$2,008
Feb 199916909.981.82$1,687
Jan 1999506010.381.90$5,252
Dec 1998009.201.77$0
Nov 1998342010.892.19$3,724
Oct 1998160012.421.97$1,987
Sep 1998168012.592.08$2,115
Aug 1998330011.301.91$3,729
Jul 1998172011.742.24$2,019
Jun 1998317011.242.24$3,563
May 1998174012.622.21$2,196
Apr 1998304013.042.51$3,964
Mar 1998166012.802.31$2,125
Feb 1998304013.952.30$4,241
Jan 1998489014.702.15$7,188
Dec 1997223016.322.41$3,639
Nov 1997121018.193.09$2,201
Oct 1997168019.253.15$3,234
Sep 1997283017.742.95$5,020
Aug 1997323017.862.55$5,769
Jul 1997331017.582.25$5,819
Jun 1997296017.242.26$5,103
May 1997173018.972.31$3,282
Apr 1997320017.882.08$5,722
Mar 1997321018.951.94$6,083
Feb 1997345020.492.21$7,069
Jan 1997313023.483.54$7,349
Dec 1996344023.32$8,022
Nov 199614021.97$308
Oct 1996344023.31$8,019
Sep 1996348022.22$7,733
Aug 1996294020.26$5,956
Jul 1996343019.55$6,706
Jun 1996320018.73$5,994
May 1996320019.43$6,218
Apr 1996654021.51$14,068
Mar 1996163019.38$3,159
Feb 1996270016.98$4,585
Jan 1996334017.07$5,701
Dec 1995491117.19$8,440
Nov 19950116.00$0
Oct 1995602115.43$9,289
Sep 1995319116.18$5,161
Aug 1995319115.92$5,078
Jul 1995658115.24$10,028
Jun 1995323116.41$5,300
May 1995653117.56$11,467
Apr 1995324117.73$5,745
Mar 1995664116.44$10,916
Feb 1995288116.58$4,775
Jan 1995325115.92$5,174
Dec 1994660115.03$9,920
Nov 1994335115.90$5,327
Oct 1994659115.58$10,267
Sep 1994327115.29$5,000
Aug 1994654116.13$10,549
Jul 1994324117.56$5,689
Jun 1994638117.09$10,903
May 1994622115.88$9,877
Apr 1994328114.14$4,638
Mar 1994647112.46$8,062
Feb 1994639112.50$7,988
Jan 1994630112.66$7,976
Dec 1993979112.33$12,071
Nov 1993605114.49$8,766
Oct 1993337115.85$5,341
Sep 1993991115.03$14,895
Aug 1993658115.66$10,304
Jul 1993969115.46$14,981
Jun 1993668116.79$11,216
May 1993322117.68$5,693
Apr 1993652118.05$11,769
Mar 1993616118.14$11,174
Feb 1993675117.90$12,083
Jan 1993643116.93$10,886

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                  155 bbl  × $106.41 =    $16,494
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $16,494

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. 02/O/7312 is the state's own key, not one this site invented.