FAIR OIL, LTD

Operated by STROUD PETROLEUM, INC. (P-5 828082) in the CHAPEL HILL (RODESSA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 10430District 06Field 17008444NGPA filingOilCasinghead gasSaveExport
Value, all time
$2.3 M
Jan 1993 – May 2026
Value, last 12 filed months
$31 k
at the published price for each month
Months reported
401
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 93 leases and 96 wells, and the rule below applies to all of them.

Discovered
1941-07-16
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 Commission's schedule remark for this field reads: ALLOCATION FORMULA SUSPENDED ADMINISTRATIVELY EFF. 9-1-92.

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
NGPA1none

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
OilDisposition43,307 bbl$1,641,707
Casinghead gasProduction299,763 Mcf$647,599
Total$2,289,306

144,964 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 (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 32.3217, -95.0973. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.32171, -95.09729 · 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
0.0%
0 of 1 wells
Median depth
8,661 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
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 8,661 ft.

Completions filed
Apr 1981
1 of 1 wells

1 well

42-4233044118,661 ftApr 1981Yes

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 (401)

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

401 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 2026180063.503.75$11,430
Jan 20260059.138.00$0
Dec 20251056.664.41$57
Nov 20250058.593.93$0
Oct 2025153059.383.30$9,085
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 2025154066.483.13$10,238
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 2024185068.993.12$12,763
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 2024156069.612.36$10,859
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 2024163080.301.55$13,089
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 2023156071.262.61$11,117
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 2023162089.042.74$14,424
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 2023168068.962.26$11,585
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 2023156072.852.39$11,365
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 2022167087.185.86$14,559
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 20221890101.587.54$19,199
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 20221650108.885.08$17,965
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 2021181071.323.90$12,909
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 2021175066.024.22$11,554
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 2021166063.483.02$10,538
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 2021162050.412.81$8,166
Dec 20200044.642.68$0
Nov 2020165038.772.71$6,397
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 2020181038.371.83$6,945
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 2020164014.751.80$2,419
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 2019184052.782.49$9,712
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 2019185056.803.06$10,508
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 2018173046.594.19$8,060
Nov 20180052.934.24$0
Oct 2018180061.443.40$11,059
Sep 201801559.543.11$47
Aug 201801659.403.07$49
Jul 20180865.142.93$23
Jun 201811060.183.08$91
May 20181831365.382.90$12,002
Apr 201801063.842.90$29
Mar 201801561.222.79$42
Feb 201801261.782.77$33
Jan 20181941262.874.01$12,245
Dec 201701557.272.92$44
Nov 201701355.423.12$41
Oct 20171781549.292.98$8,818
Sep 201701547.523.09$46
Aug 20170945.373.00$27
Jul 20171771643.873.09$7,814
Jun 201701542.493.09$46
May 201701645.373.26$52
Apr 20170647.933.21$19
Mar 20171841546.772.98$8,650
Feb 201701450.452.95$41
Jan 201701149.413.42$38
Dec 20161821648.763.72$8,934
Nov 20160442.492.64$11
Oct 201601646.193.09$49
Sep 20161791341.553.10$7,478
Aug 201601441.442.92$41
Jul 201601541.622.92$44
Jun 201601245.352.69$32
May 20161831442.521.99$7,809
Apr 201601436.561.99$28
Mar 20161741633.011.79$5,772
Feb 201601526.472.06$31
Jan 201601627.352.36$38
Dec 201501632.362.00$32
Nov 20151871538.792.17$7,286
Oct 201501643.552.43$39
Sep 201501542.992.76$41
Aug 2015178640.162.87$7,166
Jul 201501648.152.95$47
Jun 201501056.152.88$29
May 20151731555.212.96$9,596
Apr 201501549.822.71$41
Mar 201501642.892.93$47
Feb 201501444.662.98$42
Jan 20151731643.433.10$7,563
Dec 20140854.693.59$29
Nov 201401270.464.25$51
Oct 20141861678.303.90$14,626
Sep 201401586.164.05$61
Aug 201401689.394.04$65
Jul 201401696.564.18$67
Jun 20141821598.164.74$17,936
May 201401694.734.73$76
Apr 201401595.944.81$72
Mar 20141841695.895.06$17,725
Feb 201401297.406.19$74
Jan 201401690.404.86$78
Dec 201301691.824.35$70
Nov 20131801488.853.74$16,045
Oct 201301597.423.78$57
Sep 201318615104.113.72$19,420
Aug 2013016104.253.52$56
Jul 2013015102.523.72$56
Jun 20131811594.403.93$17,145
May 201301594.834.15$62
Apr 201301593.964.28$64
Mar 201301693.623.91$63
Feb 20131811491.233.42$16,561
Jan 201301591.603.42$51
Dec 20121831586.773.42$15,930
Nov 201201586.953.62$54
Oct 20121861689.383.40$16,679
Sep 201201494.672.92$41
Aug 201201692.662.91$47
Jul 20121791685.133.02$15,287
Jun 201201479.822.52$35
May 201201391.612.49$32
Apr 201218614101.652.00$18,935
Mar 2012013105.052.22$29
Feb 201218915101.102.57$19,146
Jan 201201698.092.73$44
Dec 201101696.873.24$52
Nov 20111831595.723.31$17,566
Oct 201101684.983.65$58
Sep 201101583.623.99$60
Aug 20111831683.404.15$15,329
Jul 201101394.144.52$59
Jun 201101492.904.64$65
May 20111891598.134.40$18,613
Apr 2011015105.964.33$65
Mar 20111921696.364.06$18,566
Feb 201101185.644.18$46
Jan 20111871586.504.59$16,244
Dec 201001485.734.35$61
Nov 201001380.843.80$49
Oct 201001678.103.51$56
Sep 20101961372.633.98$14,287
Aug 201001673.684.42$71
Jul 201001172.554.74$52
Jun 201019336770.364.91$15,382
May 2010034871.124.24$1,474
Apr 201019237281.694.12$17,218
Mar 2010036978.394.39$1,619
Feb 201018537173.585.44$15,631
Jan 2010035174.365.96$2,093
Dec 200918641971.445.48$15,586
Nov 200918546274.593.75$15,532
Oct 2009051672.544.11$2,121
Sep 200920147665.543.06$14,632
Aug 2009050767.423.22$1,632
Jul 2009050661.133.46$1,753
Jun 200918748166.163.90$14,245
May 200918446154.743.93$11,882
Apr 200919845646.773.59$10,896
Mar 2009044942.144.06$1,822
Feb 2009042132.814.63$1,950
Jan 2009043835.865.37$2,353
Dec 200819144237.105.98$9,728
Nov 200819743655.496.86$13,923
Oct 2008044875.246.92$3,101
Sep 20080417101.767.88$3,285
Aug 2008197490114.228.48$26,658
Jul 20080518131.0811.39$5,900
Jun 2008192517131.3313.03$31,953
May 2008197468123.1711.57$29,681
Apr 20080464110.3110.45$4,851
Mar 20080440101.909.66$4,252
Feb 200818641492.538.77$20,842
Jan 200817732490.388.21$18,656
Dec 2007035288.337.30$2,570
Nov 2007018991.677.29$1,378
Oct 200716225982.856.92$15,214
Sep 200718437275.846.24$16,277
Aug 2007042969.066.39$2,740
Jul 2007041670.906.39$2,657
Jun 200718536062.007.55$14,187
May 2007039858.747.85$3,123
Apr 200718038259.617.81$13,711
Mar 2007045056.927.30$3,286
Feb 200717644755.108.22$13,370
Jan 200718048550.306.73$12,317
Dec 2006052156.656.92$3,605
Nov 200617947854.207.62$13,343
Oct 200617944454.906.01$12,497
Sep 2006043560.085.04$2,191
Aug 200616645468.717.34$14,738
Jul 2006043569.376.34$2,759
Jun 200617743466.286.38$14,502
May 2006042766.016.42$2,743
Apr 200618044764.397.36$14,880
Mar 2006043256.707.08$3,060
Feb 200618739657.597.75$13,839
Jan 2006043660.598.93$3,895
Dec 200518542554.9413.42$15,865
Nov 2005040954.6910.59$4,331
Oct 200517746158.3413.80$16,686
Sep 2005042861.4512.08$5,170
Aug 200517939961.519.80$14,919
Jul 2005044555.697.84$3,490
Jun 2005036052.337.38$2,657
May 200517948945.226.65$11,347
Apr 2005036449.207.36$2,679
Mar 200518438050.377.15$11,987
Feb 2005048745.226.31$3,074
Jan 200518236543.166.32$10,163
Dec 200418334339.866.75$9,610
Nov 2004065045.286.33$4,115
Oct 200417786349.706.52$14,419
Sep 200417989543.245.28$12,469
Aug 200401,01442.375.55$5,628
Jul 20041761,08638.286.08$13,345
Jun 200418186936.106.43$12,124
May 2004093837.486.49$6,092
Apr 200417788434.475.86$11,280
Mar 2004072234.365.53$3,993
Feb 200418494732.455.51$11,188
Jan 20041641,13132.036.30$12,378
Dec 200301,10630.266.30$6,970
Nov 20031881,02828.804.60$10,138
Oct 2003061428.174.76$2,922
Sep 20033531,13026.314.75$14,654
Aug 200301,15929.765.13$5,945
Jul 20031871,18529.415.17$11,627
Jun 20031801,10528.565.98$11,752
May 200301,16226.595.97$6,940
Apr 20031791,16626.675.41$11,079
Mar 20031741,18331.146.10$12,630
Feb 20031851,06933.487.93$14,667
Jan 20031851,17030.315.58$12,138
Dec 200201,17526.914.85$5,703
Nov 20021831,10324.664.14$9,076
Oct 200201,04926.464.23$4,436
Sep 20021831,06327.443.64$8,886
Aug 20021881,01225.963.16$8,083
Jul 20021911,02024.583.06$7,818
Jun 2002082023.733.34$2,737
May 2002057724.663.58$2,068
Apr 200218858223.653.51$6,490
Mar 200201,18222.003.10$3,667
Feb 200216962418.222.38$4,562
Jan 200219099117.172.38$5,617
Dec 20011791,38116.932.36$6,296
Nov 200111,35918.072.41$3,287
Oct 20013811,40519.782.53$11,089
Sep 200101,41424.262.25$3,183
Aug 20013771,45424.873.05$13,815
Jul 200101,43223.933.20$4,578
Jun 200101,26724.563.82$4,845
May 20013771,39925.524.31$15,647
Apr 200101,40024.685.34$7,469
Mar 20013621,41224.545.38$16,475
Feb 200111,27327.755.77$7,369
Jan 200101,42127.478.40$11,935
Dec 200001,46126.889.12$13,328
Nov 20001771,30632.215.66$13,091
Oct 20003751,01331.235.15$16,924
Sep 200001,18131.875.19$6,125
Aug 200001,07329.644.54$4,872
Jul 20003721,10328.534.09$15,124
Jun 2000095729.304.40$4,208
May 2000083627.263.68$3,076
Apr 20005373224.513.12$3,580
Mar 200017460928.422.86$6,687
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 1999031120.982.80$872
Sep 19991701,31921.752.62$7,152
Aug 19991921,64219.262.88$8,420
Jul 19991921,81517.892.37$7,741
Jun 19991941,54515.942.36$6,742
May 19991841,62315.792.32$6,672
Apr 19991871,84315.102.21$6,893
Mar 19991911,80912.471.84$5,707
Feb 19993591,7169.981.82$6,702
Jan 19991851,89610.381.90$5,523
Dec 19981872,0129.201.77$5,288
Nov 19981901,97110.892.19$6,377
Oct 19981872,02212.421.97$6,304
Sep 19981911,98212.592.08$6,532
Aug 19981862,20311.301.91$6,304
Jul 19981872,18111.742.24$7,075
Jun 19983651,89611.242.24$8,344
May 19981811,59012.622.21$5,792
Apr 19981811,82313.042.51$6,927
Mar 19981741,86712.802.31$6,539
Feb 19981821,70513.952.30$6,459
Jan 19981932,00914.702.15$7,166
Dec 19973602,11616.322.41$10,977
Nov 19971872,05118.193.09$9,736
Oct 19971862,21619.253.15$10,561
Sep 19973632,23517.742.95$13,044
Aug 19971922,41817.862.55$9,606
Jul 19971851,66117.582.25$6,984
Jun 19971862,18817.242.26$8,145
May 19971842,22918.972.31$8,636
Apr 19971821,79917.882.08$7,001
Mar 19971842,20418.951.94$7,761
Feb 19973602,00520.492.21$11,799
Jan 19971751,95723.483.54$11,036
Dec 19961902,12423.32$4,431
Nov 19961922,31421.97$4,218
Oct 19963762,42123.31$8,765
Sep 19961892,14722.22$4,200
Aug 19961812,37520.26$3,667
Jul 19961792,36619.55$3,499
Jun 19961852,45918.73$3,465
May 19963602,51919.43$6,995
Apr 19961762,54921.51$3,786
Mar 19961832,68019.38$3,547
Feb 19963822,51416.98$6,486
Jan 19961902,54317.07$3,243
Dec 19951832,82517.19$3,146
Nov 19953792,70816.00$6,064
Oct 19951872,97915.43$2,885
Sep 19951872,93116.18$3,026
Aug 19953463,09815.92$5,508
Jul 19951863,11215.24$2,835
Jun 19953632,94316.41$5,957
May 19951752,62417.56$3,073
Apr 19951833,19117.73$3,245
Mar 19953653,13216.44$6,001
Feb 19951823,02616.58$3,018
Jan 19953623,40715.92$5,763
Dec 19943643,46815.03$5,471
Nov 19941902,66715.90$3,021
Oct 19941921,55115.58$2,991
Sep 19941782,74715.29$2,722
Aug 19943303,13616.13$5,323
Jul 19943543,26317.56$6,216
Jun 19941843,28117.09$3,145
May 19943483,45715.88$5,526
Apr 19941883,41314.14$2,658
Mar 19943703,43212.46$4,610
Feb 19941812,96912.50$2,263
Jan 19943513,67912.66$4,444
Dec 19933673,85612.33$4,525
Nov 19933643,54114.49$5,274
Oct 19931813,43315.85$2,869
Sep 19933623,64815.03$5,441
Aug 19933523,69115.66$5,512
Jul 19933353,50415.46$5,179
Jun 19931823,57016.79$3,056
May 19933542,60217.68$6,259
Apr 19933553,67718.05$6,408
Mar 19933913,98718.14$7,093
Feb 19931983,69217.90$3,544
Jan 19935613,71316.93$9,498

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.

Feb 2026 — as filed, then multipliedworked
Oil                  180 bbl  × $ 63.50 =    $11,430
Casinghead gas         0 Mcf  × $  3.75 =         $0

────────────────────────────────────────────────────
Month total                                  $11,430

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/O/10430 is the state's own key, not one this site invented.