KING RANCH MORGAN

Operated by EXXON MOBIL CORPORATION (P-5 257128) in the ELPAR (F-47) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 8039District 04Field 28694810OilCasinghead gasSaveExport
Value, all time
$1.4 M
Jan 1993 – Mar 2012
Value, last 12 filed months
$0
at the published price for each month
Months reported
231
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 2 leases and 11 wells, and the rule below applies to all of them.

Discovered
1972-09-15
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 80 acres.

The Commission's schedule remark for this field reads: NGOR-GAS INJ.-.2 BBLS-25%-BANK

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
OilDisposition63,491 bbl$1,109,229
Casinghead gasProduction213,539 Mcf$299,474
Total$1,408,703

98,882 Mcf of this lease's gas, across 48 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 (10)

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 27.5990, -98.0650. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.1 miles.

27.59946, -98.06454 · 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%
10 of 10 wells
With a plug date
100.0%
10 of 10 wells
Median depth
5,580 ft
10 wells filed one
Completion to plug
23.9 years
median over 8 wells

What the state filed about each well

On the RRC proration schedule
10100.0%
A plug date is filed
10100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
10100.0%
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, 10 of 10 wells. Median 5,580 ft, with the middle half between 5,568 and 5,600 ft; the shallowest is 5,535 ft and the deepest 6,397 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, 8 of 10 wells, May 1962 – Jul 1985. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
May 1962 – Jul 1985
8 of 10 wells; 2 filed none
Plug dates filed
Apr 1982 – Jan 2012
10 of 10 wells

Last completion to plug: a median of 23.9 years across the 8 wells that filed both dates, with the middle half between 13.8 years and 28.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

10 wells

42-24930146M 315,535 ftAug 1993Yes
42-24930178M 335,575 ftApr 1982Yes
42-24930276M 445,600 ftJul 1985Apr 1987Yes
42-24930138M 305,535 ftMay 1983Mar 2010Yes
42-24930296M 425,565 ftJan 1975Aug 2007Yes
42-24930256M 435,600 ftMay 1974Jan 2012Yes
42-24930233M 41 T5,575 ftMar 1974Sep 1984Yes
42-24930204M 38 D5,585 ftDec 1973Nov 1988Yes
42-24930174M 325,800 ftSep 1973Mar 2001Yes
42-24902168M 14 D6,397 ftMay 1962May 1983Yes

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 (231)

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

231 months

Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 200518055.697.84$1,002
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20042043.245.28$86
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20022022.003.10$44
Feb 20027018.222.38$128
Jan 20024017.172.38$69
Dec 20014016.932.36$68
Nov 200112018.072.41$217
Oct 200116019.782.53$316
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 200116023.933.20$383
Jun 200160024.563.82$1,474
May 200178025.524.31$1,991
Apr 20011218724.685.34$3,450
Mar 200125770124.545.38$10,076
Feb 200118612127.755.77$5,859
Jan 200131427727.478.40$10,952
Dec 200019333626.889.12$8,253
Nov 200045235432.215.66$16,562
Oct 20004211,41631.235.15$20,434
Sep 200043375231.875.19$17,700
Aug 200054921029.644.54$17,226
Jul 200030148728.534.09$10,579
Jun 20004581,92729.304.40$21,893
May 20006513,30227.263.68$29,897
Apr 20005683,30324.513.12$24,214
Mar 20006372,10728.422.86$24,129
Feb 20007882,60227.622.73$28,859
Jan 20006462,23125.272.48$21,858
Dec 19995881,79824.282.42$18,634
Nov 19996621,48123.192.43$18,957
Oct 19997801,41120.982.80$20,320
Sep 1999991,40221.752.62$5,825
Aug 19993011,01519.262.88$8,716
Jul 19998172,01417.892.37$19,394
Jun 19996482,35315.942.36$15,887
May 19994302,65315.792.32$12,947
Apr 19997173,17715.102.21$17,842
Mar 19996884,21512.471.84$16,328
Feb 19995793,1789.981.82$11,555
Jan 19997452,64210.381.90$12,753
Dec 19987331,9899.201.77$10,271
Nov 19989003,21910.892.19$16,837
Oct 19989047,47812.421.97$25,953
Sep 19986403,99612.592.08$16,380
Aug 19985744,32111.301.91$14,728
Jul 19988482,12711.742.24$14,714
Jun 19988671,73711.242.24$13,631
May 19989922,69612.622.21$18,467
Apr 19985482,55513.042.51$13,547
Mar 19989091,18512.802.31$14,372
Feb 199853783313.952.30$9,406
Jan 19988261,01514.702.15$14,329
Dec 199782098716.322.41$15,762
Nov 19978441,38218.193.09$19,620
Oct 19979581,31119.253.15$22,571
Sep 199767515,26417.742.95$57,078
Aug 19974418,14917.862.55$28,695
Jul 199734145617.582.25$7,019
Jun 19978571,17517.242.26$17,427
May 19977931,30718.972.31$18,060
Apr 19978611,39817.882.08$18,306
Mar 199749790218.951.94$11,167
Feb 199711545020.492.21$3,349
Jan 19973741,17323.483.54$12,934
Dec 19964031,77623.32$9,398
Nov 19964431,23421.97$9,733
Oct 19964221,40123.31$9,837
Sep 19963571,42722.22$7,933
Aug 19963731,91520.26$7,557
Jul 19963821,84119.55$7,468
Jun 19964231,75018.73$7,923
May 19964861,39019.43$9,443
Apr 19964341,45521.51$9,335
Mar 199648992019.38$9,477
Feb 19964151,38416.98$7,047
Jan 19964651,22117.07$7,938
Dec 199511432417.19$1,960
Nov 19955501,52616.00$8,800
Oct 19957492,51315.43$11,557
Sep 19957282,61916.18$11,779
Aug 19957112,72115.92$11,319
Jul 19957403,17915.24$11,278
Jun 19957762,68616.41$12,734
May 19958512,25417.56$14,944
Apr 19957081,18017.73$12,553
Mar 199549583416.44$8,138
Feb 199562981716.58$10,429
Jan 199558496215.92$9,297
Dec 199464680415.03$9,709
Nov 19947571,60715.90$12,036
Oct 19947151,67615.58$11,140
Sep 19945331,21315.29$8,150
Aug 19949161,30316.13$14,775
Jul 19948771,25517.56$15,400
Jun 19949471,21917.09$16,184
May 19949131,32815.88$14,498
Apr 19947832,25014.14$11,072
Mar 19947312,52112.46$9,108
Feb 19949732,30112.50$12,163
Jan 19949142,19312.66$11,571
Dec 19937012,52212.33$8,643
Nov 19936673,11014.49$9,665
Oct 19938463,00915.85$13,409
Sep 19936113,00115.03$9,183
Aug 19936973,21915.66$10,915
Jul 19937732,96015.46$11,951
Jun 19937822,97716.79$13,130
May 19939843,01017.68$17,397
Apr 19931,0014,03218.05$18,068
Mar 19931,1014,22418.14$19,972
Feb 19938403,53617.90$15,036
Jan 19939544,28316.93$16,151

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 2005 — as filed, then multipliedworked
Oil                   18 bbl  × $ 55.69 =     $1,002
Casinghead gas         0 Mcf  × $  7.84 =         $0

────────────────────────────────────────────────────
Month total                                   $1,002

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. 04/O/8039 is the state's own key, not one this site invented.