SWANSON

Operated by BURK ROYALTY CO., LTD. (P-5 108799) in the FORT TRINIDAD, EAST (BUDA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 26409District 03Field 32157071OilCasinghead gasSaveExport
Value, all time
$1.8 M
Aug 2013 – Feb 2021
Value, last 12 filed months
$51
at the published price for each month
Months reported
91
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 310 leases and 403 wells, and the rule below applies to all of them.

Discovered
1965-04-27
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2016-02-23.

The Commission's schedule remark for this field reads: DUE TO COMPUTER RESTRAINTS THE HIGHEST POSSIBLE TOP IS 3499

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
OilDisposition16,157 bbl$1,432,380
Casinghead gasProduction91,384 Mcf$357,435
Total$1,789,815

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 30.9562, -95.7513. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.95615, -95.75126 · 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%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
11,750 ft
1 wells filed one
Completion to plug
7.1 years
median over 1 well

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 11,750 ft.

Completions filed
Aug 2013
1 of 1 wells
Plug dates filed
Sep 2020
1 of 1 wells

Last completion to plug: a median of 7.1 years across the 1 well that filed both dates, with the middle half between 7.1 years and 7.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-31331002111,750 ftAug 2013Sep 2020Yes

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 (91)

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

91 months

Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200434.901.69$7
May 20200516.921.81$9
Apr 20200314.751.80$5
Mar 202001630.341.86$30
Feb 2020012149.881.98$240
Jan 202002257.252.09$46
Dec 201904059.012.30$92
Nov 20190055.302.75$0
Oct 201909253.472.42$223
Sep 201908155.052.66$215
Aug 201902753.112.30$62
Jul 2019993656.272.46$5,659
Jun 2019016552.782.49$411
May 2019019058.482.74$521
Apr 201917926862.632.75$11,948
Mar 2019036356.803.06$1,112
Feb 2019026250.852.79$732
Jan 2019043646.033.23$1,407
Dec 2018016246.594.19$678
Nov 201817129452.934.24$10,297
Oct 2018026961.443.40$914
Sep 2018026359.543.11$817
Aug 201819025459.403.07$12,065
Jul 2018027865.142.93$815
Jun 2018019260.183.08$591
May 201817720965.382.90$12,179
Apr 2018030763.842.90$891
Mar 2018029861.222.79$830
Feb 2018030761.782.77$849
Jan 2018046562.874.01$1,864
Dec 2017031457.272.92$917
Nov 2017029255.423.12$911
Oct 201717536149.292.98$9,703
Sep 2017026747.523.09$824
Aug 2017036045.373.00$1,082
Jul 2017036343.873.09$1,121
Jun 2017027142.493.09$837
May 201718420945.373.26$9,030
Apr 2017022147.933.21$710
Mar 20170046.772.98$0
Feb 2017185050.452.95$9,333
Jan 20170049.413.42$0
Dec 201602348.763.72$86
Nov 201603742.492.64$98
Oct 20160646.193.09$19
Sep 20160541.553.10$16
Aug 201616813441.442.92$7,354
Jul 2016012741.622.92$371
Jun 201617717145.352.69$8,486
May 201607742.521.99$153
Apr 20161774336.561.99$6,557
Mar 2016024533.011.79$440
Feb 201618515226.472.06$5,211
Jan 201606927.352.36$163
Dec 201518816232.362.00$6,408
Nov 2015024238.792.17$524
Oct 2015176043.552.43$7,665
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 2015017256.152.88$496
May 20150055.212.96$0
Apr 20151781,04249.822.71$11,688
Mar 201501,36342.892.93$4,000
Feb 20151851,44644.662.98$12,566
Jan 2015094043.433.10$2,915
Dec 201401,47554.693.59$5,297
Nov 20141911,64270.464.25$20,439
Oct 20143562,47378.303.90$37,522
Sep 20141772,63986.164.05$25,926
Aug 20145552,99489.394.04$61,693
Jul 201401,46096.564.18$6,102
Jun 20141841,43198.164.74$24,840
May 20143241,89794.734.73$39,659
Apr 20141791,77595.944.81$25,709
Mar 20141741,50995.895.06$24,316
Feb 20141792,82497.406.19$34,921
Jan 20147266,35890.404.86$96,535
Dec 20137326,42291.824.35$95,177
Nov 20131,4167,06288.853.74$152,211
Oct 20132,34811,67197.423.78$272,851
Sep 20133,10416,205104.113.72$383,403
Aug 20132,7187,004104.253.52$308,024

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.

Jun 2020 — as filed, then multipliedworked
Oil                    0 bbl  × $ 34.90 =         $0
Casinghead gas         4 Mcf  × $  1.69 =         $7

────────────────────────────────────────────────────
Month total                                       $7

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/26409 is the state's own key, not one this site invented.