BP

Name: BP lease production and value, Nov 1997 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by GILSTER, RALPH R. III (P-5 307029) in the LAKE PASTURE, WEST (4450) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 8324District 02Field 51518875OilCasinghead gasSave Export

Value, all time

$15.8 M

Nov 1997 – Mar 2001

Value, last 12 filed months

$11.0 M

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The LAKE PASTURE, WEST (4450) 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 8 leases and 38 wells, and the rule below applies to all of them.

Discovered

1962-04-23

as the register files it

Field class

Oil and gas

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 0 acres. The field rule took effect on 2000-01-01.

The Commission's schedule remark for this field reads: “CONSOLIDATED INTO LAKE PASTURE (H-434)”

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	484,887 bbl	$12,982,451
Casinghead gas	Production	838,845 Mcf	$2,857,877
Total			$15,840,327

Wells on this lease (26)

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 28.4562, -97.0842. A lease has no coordinate of its own — that point is the mean of its wells, and they span 2.0 miles.

28.45445, -97.08161 · 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%

26 of 26 wells

With a plug date

0.0%

0 of 26 wells

Median depth

4,700 ft

26 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

26100.0%

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.

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

Total depth in feet, 26 of 26 wells. Median 4,700 ft, with the middle half between 4,700 and 4,743 ft; the shallowest is 4,700 ft and the deepest 7,600 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 26 of 26 wells, Jun 2000 – Jun 2025. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Jun 2000 – Jun 2025

26 of 26 wells

26 wells


42-39132220	3	7,130 ft	Jun 2025	—	Yes
42-39132258	5	4,720 ft	Jun 2025	—	Yes
42-39132277	10	4,700 ft	Apr 2025	—	Yes
42-39132355	27	7,000 ft	Jul 2023	—	Yes
42-39132278	11	4,700 ft	Apr 2022	—	Yes
42-39132314	17	4,750 ft	Jun 2021	—	Yes
42-39132274	6	4,700 ft	Oct 2020	—	Yes
42-39132282	9	4,700 ft	Jan 2016	—	Yes
42-39132298	13	4,700 ft	Jan 2016	—	Yes
42-39132275	7	4,700 ft	Oct 2015	—	Yes
42-39132276	8	4,704 ft	Jul 2015	—	Yes
42-39132330	18	4,700 ft	Apr 2015	—	Yes
42-39132354	22	4,704 ft	Nov 2014	—	Yes
42-39132333	20	6,000 ft	Aug 2014	—	Yes
42-39132279	12	4,700 ft	Mar 2014	—	Yes
42-39132301	15	4,700 ft	Dec 2013	—	Yes
42-39132331	19	4,700 ft	Mar 2013	—	Yes
42-39132300	16	4,700 ft	Feb 2013	—	Yes
42-39132332	21	5,900 ft	May 2012	—	Yes
42-39132344	24	4,700 ft	May 2010	—	Yes
42-39132219	2	6,075 ft	Aug 2007	—	Yes
42-39132373	29	4,700 ft	Sep 2004	—	Yes
42-39132372	28	4,700 ft	Sep 2004	—	Yes
42-39132192	1	7,600 ft	Sep 2001	—	Yes
42-39132345	23	4,703 ft	Jul 2000	—	Yes
42-39132299	14	4,700 ft	Jun 2000	—	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.

Leases whose centres are nearest (572)

Ranked by the distance between lease centres, within 5 miles. A lease has no coordinate the state files — each centre is the mean of that lease's own wells, so this measures how far apart two centres are and not whether the two leases touch.

Lease	Operator	Centres apart
BP	T - C OIL COMPANY	0.29 mi
WLP	T-C OIL COMPANY, LLC	0.41 mi
BP	T - C OIL COMPANY	0.45 mi
BP	T - C OIL COMPANY	0.49 mi
BP	T - C OIL COMPANY	0.55 mi
BP	T - C OIL COMPANY	1.11 mi
O'CONNOR, DENNIS ET AL "CEFI"	T - C OIL COMPANY	1.29 mi
WLP	T-C OIL COMPANY, LLC	1.50 mi
O'CONNER -D-	T-C OIL COMPANY, LLC	1.69 mi
O'CONNOR, DENNIS ET AL "G"	T - C OIL COMPANY	1.84 mi

The 10 nearest are listed. 572 leases in all have a centre within 5 miles of this one.

Operators who reported on those leases

Taken from the same 5-mile set above. This is who filed production, not who holds acreage — the state publishes no acreage register.

T - C OIL COMPANY 134 leases, nearest 0.29 mi
T-C OIL COMPANY, LLC 75 leases, nearest 0.41 mi
HILCORP ENERGY COMPANY 243 leases, nearest 2.26 mi
KEBO OIL & GAS, INC. 13 leases, nearest 2.30 mi
QUINTANA PET. CORP. 38 leases, nearest 2.55 mi
LONG TRUSTS, THE 1 lease, nearest 2.90 mi

Every month this lease reported (41)

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

41 months


Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	38,205	39,183	26.88	9.12	$1,384,397
Nov 2000	36,879	39,127	32.21	5.66	$1,409,253
Oct 2000	38,695	40,057	31.23	5.15	$1,414,558
Sep 2000	38,075	37,500	31.87	5.19	$1,407,944
Aug 2000	39,479	41,519	29.64	4.54	$1,358,685
Jul 2000	38,366	39,839	28.53	4.09	$1,257,514
Jun 2000	32,998	34,108	29.30	4.40	$1,116,823
May 2000	29,674	26,678	27.26	3.68	$907,082
Apr 2000	25,401	27,157	24.51	3.12	$707,200
Mar 2000	24,038	26,745	28.42	2.86	$759,644
Feb 2000	23,079	22,396	27.62	2.73	$698,505
Jan 2000	20,277	21,835	25.27	2.48	$566,562
Dec 1999	17,339	17,633	24.28	2.42	$463,728
Nov 1999	14,093	15,949	23.19	2.43	$365,636
Oct 1999	10,235	16,558	20.98	2.80	$261,154
Sep 1999	9,318	30,775	21.75	2.62	$283,262
Aug 1999	6,978	29,616	19.26	2.88	$219,560
Jul 1999	4,353	30,304	17.89	2.37	$149,767
Jun 1999	3,975	23,271	15.94	2.36	$118,330
May 1999	4,287	23,297	15.79	2.32	$121,765
Apr 1999	3,665	20,640	15.10	2.21	$100,916
Mar 1999	4,321	19,359	12.47	1.84	$89,471
Feb 1999	3,664	27,095	9.98	1.82	$85,820
Jan 1999	4,335	21,466	10.38	1.90	$85,782
Dec 1998	2,678	18,088	9.20	1.77	$56,713
Nov 1998	1,992	17,318	10.89	2.19	$59,545
Oct 1998	2,318	17,311	12.42	1.97	$62,879
Sep 1998	2,331	14,710	12.59	2.08	$59,983
Aug 1998	2,492	16,563	11.30	1.91	$59,751
Jul 1998	0	11,284	11.74	2.24	$25,245
Jun 1998	337	10,799	11.24	2.24	$27,948
May 1998	169	9,355	12.62	2.21	$22,773
Apr 1998	0	8,115	13.04	2.51	$20,331
Mar 1998	170	11,132	12.80	2.31	$27,885
Feb 1998	329	10,236	13.95	2.30	$28,123
Jan 1998	342	10,491	14.70	2.15	$27,633
Dec 1997	0	10,111	16.32	2.41	$24,379
Nov 1997	0	1,225	18.19	3.09	$3,783

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.

Dec 2000 — as filed, then multipliedworked

Oil               38,205 bbl  × $ 26.88 = $1,026,950
Casinghead gas    39,183 Mcf  × $  9.12 =   $357,447

────────────────────────────────────────────────────
Month total                               $1,384,397

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/8324 is the state's own key, not one this site invented.