STARNES

Name: STARNES lease production and value, Mar 2005 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by PALMER PETROLEUM INC. (P-5 636222) in the FT. TRINIDAD, SW. (BUDA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 24692District 03Field 32177125OilCasinghead gasSave

Value, all time

$11.4 M

Mar 2005 – Jun 2012

Value, last 12 filed months

$2.3 M

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

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	141,118 bbl	$10,202,569
Casinghead gas	Production	164,965 Mcf	$1,215,711
Total			$11,418,281

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 30.9987, -95.7365. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.99868, -95.73648 · 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

9,516 ft

1 wells filed one

Completion to plug

19.3 years

median over 1 wells

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 9,516 ft.

Completions filed

Mar 2005

1 of 1 wells

Plug dates filed

Jul 2024

1 of 1 wells

Last completion to plug: a median of 19.3 years across the 1 well that filed both dates, with the middle half between 19.3 years and 19.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-31330786	1	9,516 ft	Mar 2005	Jul 2024	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 (88)

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

88 months


Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	4,228	9,039	105.05	2.22	$464,237
Feb 2012	2,984	6,350	101.10	2.57	$318,003
Jan 2012	2,049	280	98.09	2.73	$201,752
Dec 2011	2,057	310	96.87	3.24	$200,266
Nov 2011	3,087	280	95.72	3.31	$296,415
Oct 2011	1,488	220	84.98	3.65	$127,253
Sep 2011	2,514	300	83.62	3.99	$211,416
Aug 2011	2,975	310	83.40	4.15	$249,401
Jul 2011	2,190	310	94.14	4.52	$207,567
Jun 2011	2,505	300	92.90	4.64	$234,106
May 2011	974	210	98.13	4.40	$96,504
Apr 2011	1,935	300	105.96	4.33	$206,333
Mar 2011	2,332	310	96.36	4.06	$225,969
Feb 2011	2,327	280	85.64	4.18	$200,455
Jan 2011	2,316	270	86.50	4.59	$201,573
Dec 2010	946	270	85.73	4.35	$82,274
Nov 2010	577	280	80.84	3.80	$47,707
Oct 2010	1,474	290	78.10	3.51	$116,137
Sep 2010	1,700	290	72.63	3.98	$124,625
Aug 2010	1,325	250	73.68	4.42	$98,731
Jul 2010	551	60	72.55	4.74	$40,259
Jun 2010	965	270	70.36	4.91	$69,223
May 2010	569	310	71.12	4.24	$41,780
Apr 2010	1,879	230	81.69	4.12	$154,444
Mar 2010	550	310	78.39	4.39	$44,475
Feb 2010	728	280	73.58	5.44	$55,090
Jan 2010	552	260	74.36	5.96	$42,597
Dec 2009	1,146	270	71.44	5.48	$83,351
Nov 2009	729	250	74.59	3.75	$55,314
Oct 2009	918	270	72.54	4.11	$67,701
Sep 2009	1,105	220	65.54	3.06	$73,096
Aug 2009	1,627	280	67.42	3.22	$110,594
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	785	240	46.77	3.59	$37,575
Mar 2009	1,913	310	42.14	4.06	$81,872
Feb 2009	202	190	32.81	4.63	$7,508
Jan 2009	610	190	35.86	5.37	$22,895
Dec 2008	204	230	37.10	5.98	$8,943
Nov 2008	194	290	55.49	6.86	$12,755
Oct 2008	397	240	75.24	6.92	$31,532
Sep 2008	353	200	101.76	7.88	$37,497
Aug 2008	577	220	114.22	8.48	$67,771
Jul 2008	1,188	260	131.08	11.39	$158,684
Jun 2008	1,486	270	131.33	13.03	$198,675
May 2008	1,354	290	123.17	11.57	$170,129
Apr 2008	198	50	110.31	10.45	$22,364
Mar 2008	386	120	101.90	9.66	$40,493
Feb 2008	994	290	92.53	8.77	$94,518
Jan 2008	996	270	90.38	8.21	$92,234
Dec 2007	1,195	240	88.33	7.30	$107,307
Nov 2007	187	160	91.67	7.29	$18,309
Oct 2007	1,176	240	82.85	6.92	$99,093
Sep 2007	1,542	300	75.84	6.24	$118,819
Aug 2007	3,133	250	69.06	6.39	$217,962
Jul 2007	1,885	491	70.90	6.39	$136,783
Jun 2007	1,627	260	62.00	7.55	$102,837
May 2007	1,394	310	58.74	7.85	$84,316
Apr 2007	1,338	280	59.61	7.81	$81,944
Mar 2007	1,704	393	56.92	7.30	$99,861
Feb 2007	1,197	2,269	55.10	8.22	$84,597
Jan 2007	1,530	611	50.30	6.73	$81,069
Dec 2006	1,370	1,427	56.65	6.92	$87,483
Nov 2006	925	650	54.20	7.62	$55,086
Oct 2006	2,336	1,583	54.90	6.01	$137,766
Sep 2006	791	1,937	60.08	5.04	$57,280
Aug 2006	422	1,069	68.71	7.34	$36,842
Jul 2006	1,433	746	69.37	6.34	$104,139
Jun 2006	1,875	1,892	66.28	6.38	$136,353
May 2006	3,670	9,578	66.01	6.42	$303,795
Apr 2006	1,273	4,901	64.39	7.36	$118,042
Mar 2006	1,546	3,012	56.70	7.08	$108,992
Feb 2006	785	2,862	57.59	7.75	$67,392
Jan 2006	2,926	4,103	60.59	8.93	$213,940
Dec 2005	1,370	3,775	54.94	13.42	$125,911
Nov 2005	4,133	8,681	54.69	10.59	$317,952
Oct 2005	1,135	3,830	58.34	13.80	$119,054
Sep 2005	3,173	4,778	61.45	12.08	$252,694
Aug 2005	2,883	7,905	61.51	9.80	$254,777
Jul 2005	5,979	12,639	55.69	7.84	$432,106
Jun 2005	8,543	20,028	52.33	7.38	$594,883
May 2005	397	12,051	45.22	6.65	$98,105
Apr 2005	8,599	16,410	49.20	7.36	$543,856
Mar 2005	2,507	8,185	50.37	7.15	$184,840

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.

Mar 2012 — as filed, then multipliedworked

Oil                4,228 bbl  × $105.05 =   $444,151
Casinghead gas     9,039 Mcf  × $  2.22 =    $20,085

────────────────────────────────────────────────────
Month total                                 $464,237

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. 03/O/24692 is the state's own key, not one this site invented.