FAVORS, C. C. "B"

Operated by SPENCE, RALPH OIL COMPANY, INC. (P-5 809331) in the POKEY (TRAVIS PEAK LOWER 1) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 252425District 05Field 72170710CondensateGasSaveExport
Value, all time
$1.3 M
Jan 2009 – Feb 2023
Value, last 12 filed months
$124 k
at the published price for each month
Months reported
170
no gaps in the span
Streams
2
condensate, 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 9 leases and 9 wells, and the rule below applies to all of them.

Discovered
1978-06-08
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 02/01/98.

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
CondensateDisposition145 bbl$11,293
GasProduction353,551 Mcf$1,308,766
Total$1,320,059

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 31.4140, -96.4837. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.41398, -96.48369 · 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
7,700 ft
1 wells filed one
Completion to plug
14.1 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 7,700 ft.

Completions filed
Jan 2009
1 of 1 wells
Plug dates filed
Feb 2023
1 of 1 wells

Last completion to plug: a median of 14.1 years across the 1 well that filed both dates, with the middle half between 14.1 years and 14.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-2933220947,700 ftJan 2009Feb 2023Yes

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 (170)

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

170 months

Feb 20230075.112.47$0
Jan 202301,07576.533.39$3,642
Dec 2022064576.415.73$3,695
Nov 202201,00085.005.65$5,646
Oct 202201,69387.185.86$9,927
Sep 202201,17784.888.16$9,609
Aug 202201,89894.529.13$17,323
Jul 202201,728101.587.54$13,033
Jun 202201,876115.097.98$14,965
May 202201,940109.378.43$16,360
Apr 202202,457104.226.84$16,800
Mar 202202,604108.885.08$13,219
Feb 202201,97491.054.86$9,591
Jan 202201,34281.844.54$6,090
Dec 202101,77171.323.90$6,905
Nov 202101,74977.435.24$9,159
Oct 202101,27679.795.71$7,291
Sep 202101,76569.865.35$9,444
Aug 202102,08766.024.22$8,808
Jul 202101,96670.783.98$7,829
Jun 202102,16669.493.38$7,322
May 202102,06763.483.02$6,238
Apr 202101,11360.362.76$3,070
Mar 2021085661.302.72$2,326
Feb 2021080757.805.55$4,477
Jan 2021099350.412.81$2,791
Dec 202001,04244.642.68$2,788
Nov 202001,36938.772.71$3,705
Oct 202001,59036.972.48$3,941
Sep 2020089437.091.99$1,780
Aug 202001,58739.982.39$3,785
Jul 202001,71038.371.83$3,121
Jun 202001,63834.901.69$2,769
May 202001,41216.921.81$2,562
Apr 202001,75014.751.80$3,158
Mar 202001,82930.341.86$3,395
Feb 202001,74149.881.98$3,448
Jan 202001,90557.252.09$3,990
Dec 201901,96759.012.30$4,533
Nov 201901,88855.302.75$5,193
Oct 201901,96553.472.42$4,752
Sep 201902,06555.052.66$5,487
Aug 201902,35753.112.30$5,431
Jul 201902,72556.272.46$6,704
Jun 201903,05052.782.49$7,598
May 2019087858.482.74$2,406
Apr 2019073262.632.75$2,014
Mar 201901,08456.803.06$3,319
Feb 2019095150.852.79$2,655
Jan 201901,63246.033.23$5,268
Dec 201801,57446.594.19$6,588
Nov 201801,63652.934.24$6,932
Oct 201802,44161.443.40$8,295
Sep 201802,11559.543.11$6,573
Aug 201803,39459.403.07$10,408
Jul 201803,29665.142.93$9,663
Jun 201803,78060.183.08$11,631
May 201803,57965.382.90$10,382
Apr 201805,26763.842.90$15,279
Mar 201801,15261.222.79$3,210
Feb 201801,27661.782.77$3,530
Jan 201801,47962.874.01$5,930
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 2017067042.493.09$2,068
May 201701,58645.373.26$5,176
Apr 201711,85047.933.21$5,989
Mar 201722,24046.772.98$6,777
Feb 201712,53550.452.95$7,535
Jan 201701,45549.413.42$4,974
Dec 201611,85248.763.72$6,943
Nov 201612,25042.492.64$5,992
Oct 201611,85046.193.09$5,763
Sep 2016032441.553.10$1,005
Aug 2016185341.442.92$2,536
Jul 201611,49241.622.92$4,405
Jun 201612,44645.352.69$6,615
May 201612,36342.521.99$4,747
Apr 201602,07236.561.99$4,125
Mar 201601,63933.011.79$2,940
Feb 201611,13226.472.06$2,363
Jan 201601,91027.352.36$4,516
Dec 201501,87932.362.00$3,761
Nov 201512,03938.792.17$4,458
Oct 201502,32743.552.43$5,647
Sep 201512,44442.992.76$6,785
Aug 201512,50340.162.87$7,230
Jul 201522,40148.152.95$7,167
Jun 201511,61256.152.88$4,703
May 201501,93655.212.96$5,722
Apr 201522,08249.822.71$5,735
Mar 201511,98742.892.93$5,874
Feb 201501,81344.662.98$5,396
Jan 201521,61743.433.10$5,101
Dec 2014170154.693.59$2,572
Nov 201401170.464.25$47
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140496.564.18$17
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 201308788.853.74$325
Oct 2013117397.423.78$751
Sep 201311104.113.72$108
Aug 201300104.253.52$0
Jul 20133152102.523.72$873
Jun 201301,34294.403.93$5,279
May 201361,86894.834.15$8,319
Apr 201331,54293.964.28$6,886
Mar 201302,06493.623.91$8,076
Feb 201312,50291.233.42$8,648
Jan 201322,87291.603.42$10,005
Dec 201222,25686.773.42$7,889
Nov 201221,82786.953.62$6,797
Oct 201201,69689.383.40$5,766
Sep 201202,99694.672.92$8,744
Aug 201202,65292.662.91$7,712
Jul 201272,19285.133.02$7,218
Jun 201202,73679.822.52$6,892
May 201223,07491.612.49$7,832
Apr 201213,188101.652.00$6,467
Mar 201213,533105.052.22$7,956
Feb 201203,287101.102.57$8,448
Jan 201223,71498.092.73$10,351
Dec 201113,35696.873.24$10,969
Nov 201122,45295.723.31$8,311
Oct 201103,30184.983.65$12,044
Sep 201133,42383.623.99$13,894
Aug 201113,47583.404.15$14,502
Jul 201123,60894.144.52$16,486
Jun 201163,88692.904.64$18,588
May 201124,41098.134.40$19,622
Apr 201134,500105.964.33$19,818
Mar 201155,69196.364.06$23,572
Feb 201112,54385.644.18$10,715
Jan 201102,94286.504.59$13,500
Dec 201034,79085.734.35$21,083
Nov 201024,66080.843.80$17,848
Oct 201045,24078.103.51$18,699
Sep 201025,21472.633.98$20,894
Aug 2010115,95273.684.42$27,115
Jul 201025,93372.554.74$28,247
Jun 201036,31270.364.91$31,206
May 201006,28471.124.24$26,614
Apr 201076,24581.694.12$26,318
Mar 2010106,24578.394.39$28,191
Feb 201006,38873.585.44$34,766
Jan 201027,17674.365.96$42,947
Dec 200956,43271.445.48$35,629
Nov 200905,58574.593.75$20,952
Oct 200935,62272.544.11$23,325
Sep 200904,82365.543.06$14,781
Aug 200974,43667.423.22$14,749
Jul 200901561.133.46$52
Jun 2009020866.163.90$810
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

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.

Jan 2023 — as filed, then multipliedworked
Condensate             0 bbl  × $ 76.53 =         $0
Gas                1,075 Mcf  × $  3.39 =     $3,642

────────────────────────────────────────────────────
Month total                                   $3,642

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. 05/G/252425 is the state's own key, not one this site invented.