KING, O. P.

Operated by BUFFCO PRODUCTION INC. (P-5 106406) in the LASSATER (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 117036District 06Field 52239333NGPA filingCondensateGasSaveExport
Value, all time
$2.3 M
Jan 1993 – Oct 2014
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
262
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 45 leases and 45 wells, and the rule below applies to all of them.

Discovered
1948-07-07
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 160 acres. The field rule took effect on 2004-02-10.

The Commission's schedule remark for this field reads: EFFECTIVE AUGUST.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA2none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
CondensateDisposition4,930 bbl$140,404
GasProduction769,691 Mcf$2,198,919
Total$2,339,323

352,046 Mcf of this lease's gas, across 47 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 (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 32.8778, -94.5508. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.87776, -94.55083 · 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
12,045 ft
1 wells filed one
Completion to plug
29.5 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 12,045 ft.

Completions filed
Apr 1985
1 of 1 wells
Plug dates filed
Oct 2014
1 of 1 wells

Last completion to plug: a median of 29.5 years across the 1 well that filed both dates, with the middle half between 29.5 years and 29.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-31530651112,045 ftApr 1985Oct 2014Yes

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 (262)

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

262 months

Oct 201425078.303.90$1,958
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
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 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 201291094.672.92$881
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
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 200901,25671.445.48$6,888
Nov 2009020174.593.75$754
Oct 200904572.544.11$185
Sep 2009020465.543.06$625
Aug 20090067.423.22$0
Jul 2009028761.133.46$994
Jun 20090066.163.90$0
May 2009181,48254.743.93$6,803
Apr 200903,42646.773.59$12,291
Mar 20091683,54542.144.06$21,469
Feb 200902,98832.814.63$13,843
Jan 200903,52335.865.37$18,922
Dec 200803,19137.105.98$19,073
Nov 200803,38255.496.86$23,202
Oct 200803,75775.246.92$26,006
Sep 200802,979101.767.88$23,466
Aug 200803,474114.228.48$29,470
Jul 200803,406131.0811.39$38,792
Jun 20081033,283131.3313.03$56,313
May 200803,970123.1711.57$45,950
Apr 200803,581110.3110.45$37,439
Mar 200803,308101.909.66$31,969
Feb 200803,39392.538.77$29,759
Jan 200803,81090.388.21$31,264
Dec 200703,94888.337.30$28,828
Nov 200704,02091.677.29$29,313
Oct 200703,56382.856.92$24,663
Sep 200703,51175.846.24$21,923
Aug 2007863,60169.066.39$28,942
Jul 200703,43470.906.39$21,936
Jun 200703,26662.007.55$24,653
May 200703,01958.747.85$23,688
Apr 200703,91459.617.81$30,550
Mar 20071863,32956.927.30$34,895
Feb 200702,45555.108.22$20,170
Jan 200701,89450.306.73$12,741
Dec 200602,04156.656.92$14,121
Nov 200602,17854.207.62$16,591
Oct 200601,94054.906.01$11,667
Sep 200601,82460.085.04$9,188
Aug 2006791,95668.717.34$19,785
Jul 200603,01069.376.34$19,092
Jun 200601,86666.286.38$11,912
May 200602,00466.016.42$12,876
Apr 2006089764.397.36$6,602
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 200501,99461.4512.08$24,086
Aug 200503,25661.519.80$31,899
Jul 200503,23055.697.84$25,335
Jun 200509052.337.38$664
May 20051793,33145.226.65$30,249
Apr 200503,36549.207.36$24,768
Mar 200503,22750.377.15$23,089
Feb 200502,91245.226.31$18,380
Jan 200503,30843.166.32$20,914
Dec 200403,16539.866.75$21,367
Nov 20041783,11945.286.33$27,804
Oct 200403,09749.706.52$20,177
Sep 200403,15943.245.28$16,692
Aug 200403,34142.375.55$18,545
Jul 200403,34438.286.08$20,346
Jun 20041793,22136.106.43$27,183
May 200403,39537.486.49$22,049
Apr 200403,17334.475.86$18,589
Mar 200402,97234.365.53$16,436
Feb 200402,89032.455.51$15,923
Jan 200403,76232.036.30$23,699
Dec 200303,14030.266.30$19,787
Nov 200303,40028.804.60$15,624
Oct 200303,31628.174.76$15,783
Sep 20030026.314.75$0
Aug 2003011329.765.13$580
Jul 20030029.415.17$0
Jun 200302,74228.565.98$16,405
May 20030326.595.97$18
Apr 200303,34926.675.41$18,109
Mar 200302,82131.146.10$17,197
Feb 200302,95933.487.93$23,453
Jan 20031522,94430.315.58$21,041
Dec 200203,39426.914.85$16,474
Nov 200203,25724.664.14$13,474
Oct 200203,46126.464.23$14,637
Sep 200203,45827.443.64$12,571
Aug 200203,65525.963.16$11,565
Jul 20021743,63924.583.06$15,419
Jun 200202,89123.733.34$9,651
May 200203,66024.663.58$13,117
Apr 200204,02823.653.51$14,148
Mar 2002096022.003.10$2,979
Feb 200203,10618.222.38$7,379
Jan 200203,98817.172.38$9,474
Dec 200103,15516.932.36$7,460
Nov 20011804,08918.072.41$13,089
Oct 200104,37919.782.53$11,074
Sep 200114,40924.262.25$9,950
Aug 200134,46524.873.05$13,707
Jul 200104,66523.933.20$14,914
Jun 20011744,54924.563.82$21,670
May 200104,58625.524.31$19,753
Apr 200104,13524.685.34$22,062
Mar 200104,85524.545.38$26,103
Feb 200104,94327.755.77$28,507
Jan 2001344,07427.478.40$35,151
Dec 200005,20826.889.12$47,510
Nov 20001255,12132.215.66$33,001
Oct 200005,55931.235.15$28,604
Sep 200004,90831.875.19$25,455
Aug 200005,73129.644.54$26,023
Jul 2000955,35728.534.09$24,619
Jun 200005,79829.304.40$25,495
May 200006,14027.263.68$22,594
Apr 2000645,73224.513.12$19,430
Mar 200004,83128.422.86$13,815
Feb 200004,80327.622.73$13,095
Jan 2000774,70725.272.48$13,622
Dec 199903,75124.282.42$9,091
Nov 19991374,05123.192.43$13,037
Oct 199903,75620.982.80$10,531
Sep 199903,89721.752.62$10,206
Aug 199902,18519.262.88$6,283
Jul 199901,83517.892.37$4,353
Jun 19991271,87015.942.36$6,442
May 199901,27415.792.32$2,957
Apr 199901,46915.102.21$3,244
Mar 199901,73612.471.84$3,191
Feb 199904639.981.82$842
Jan 1999052610.381.90$999
Dec 199806089.201.77$1,078
Nov 199813389210.892.19$3,398
Oct 1998079712.421.97$1,569
Sep 1998065012.592.08$1,354
Aug 1998075911.301.91$1,448
Jul 199801,06011.742.24$2,372
Jun 199801,32811.242.24$2,971
May 199801,01812.622.21$2,246
Apr 1998094613.042.51$2,370
Mar 1998072312.802.31$1,670
Feb 1998081513.952.30$1,874
Jan 199801,10614.702.15$2,383
Dec 199701,05816.322.41$2,551
Nov 1997087018.193.09$2,687
Oct 199701,58419.253.15$4,989
Sep 199702,27717.742.95$6,728
Aug 19971372,16817.862.55$7,986
Jul 199702,22117.582.25$4,990
Jun 199701,74517.242.26$3,939
May 199702,26018.972.31$5,217
Apr 199701,58217.882.08$3,295
Mar 199701,97418.951.94$3,828
Feb 199701,58220.492.21$3,490
Jan 1997080423.483.54$2,846
Dec 199601,08923.32$0
Nov 199601,37721.97$0
Oct 199601,47223.31$0
Sep 199601,82422.22$0
Aug 19961652,70220.26$3,343
Jul 199602,04919.55$0
Jun 199602,29118.73$0
May 199604,32719.43$0
Apr 199603,62421.51$0
Mar 199603,72019.38$0
Feb 199603,05016.98$0
Jan 199603,14717.07$0
Dec 199502,75617.19$0
Nov 199503,61616.00$0
Oct 1995175015.43$2,700
Sep 199502,88316.18$0
Aug 199505,48915.92$0
Jul 199504,63915.24$0
Jun 19951783,30416.41$2,921
May 199505,40817.56$0
Apr 199505,47917.73$0
Mar 199505,02716.44$0
Feb 199505,39916.58$0
Jan 199505,94115.92$0
Dec 199415110,87615.03$2,270
Nov 19941109,60115.90$1,749
Oct 1994010,32915.58$0
Sep 19943710,30915.29$566
Aug 19941248,99616.13$2,000
Jul 1994248,91317.56$421
Jun 19941836,10917.09$3,127
May 199408,81715.88$0
Apr 199405,49614.14$0
Mar 19941907,49512.46$2,367
Feb 199408,31412.50$0
Jan 1994011,19412.66$0
Dec 199306,50812.33$0
Nov 199307,39014.49$0
Oct 199308,12915.85$0
Sep 1993012,00215.03$0
Aug 199318915,08715.66$2,960
Jul 1993015,84515.46$0
Jun 1993016,56316.79$0
May 199319217,58417.68$3,395
Apr 1993015,57318.05$0
Mar 199319615,94618.14$3,555
Feb 1993015,83317.90$0
Jan 199319318,52416.93$3,267

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.

Oct 2014 — as filed, then multipliedworked
Condensate            25 bbl  × $ 78.30 =     $1,958
Gas                    0 Mcf  × $  3.90 =         $0

────────────────────────────────────────────────────
Month total                                   $1,958

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. 06/G/117036 is the state's own key, not one this site invented.