BARRON

Operated by OLEUM OPERATING COMPANY, L.C. (P-5 621462) in the GOOD SPRINGS (PETTIT) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 12309District 06Field 35800600OilCasinghead gasSaveExport
Value, all time
$42 k
Jan 1993 – Jun 2007
Value, last 12 filed months
$0
at the published price for each month
Months reported
174
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 17 leases and 17 wells, and the rule below applies to all of them.

Discovered
1982-11-29
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2014-06-17.

The Commission's schedule remark for this field reads: FOR HORIZONTAL RULES. P-15 AND ACRE LISTING REQUIRED.

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
OilDisposition1,812 bbl$41,777
Casinghead gasProduction110 Mcf$367
Total$42,144

19 Mcf of this lease's gas, across 19 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 32.1138, -95.0402. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.11377, -95.04019 · 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
8,620 ft
1 wells filed one
Completion to plug
19.5 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 8,620 ft.

Completions filed
Aug 1987
1 of 1 wells
Plug dates filed
Feb 2007
1 of 1 wells

Last completion to plug: a median of 19.5 years across the 1 well that filed both dates, with the middle half between 19.5 years and 19.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-0733059518,620 ftAug 1987Feb 2007Yes

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 (174)

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

174 months

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 2006120066.286.38$7,954
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 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050150.377.15$7
Feb 20050145.226.31$6
Jan 20050143.166.32$6
Dec 20040139.866.75$7
Nov 20040145.286.33$6
Oct 20040149.706.52$7
Sep 20040143.245.28$5
Aug 20040142.375.55$6
Jul 20040138.286.08$6
Jun 20040136.106.43$6
May 20040137.486.49$6
Apr 20040134.475.86$6
Mar 20040134.365.53$6
Feb 20040132.455.51$6
Jan 20040132.036.30$6
Dec 200399130.266.30$3,002
Nov 20030128.804.60$5
Oct 20030128.174.76$5
Sep 20030126.314.75$5
Aug 20030129.765.13$5
Jul 20030129.415.17$5
Jun 20030128.565.98$6
May 20030126.595.97$6
Apr 20030126.675.41$5
Mar 20030131.146.10$6
Feb 20030133.487.93$8
Jan 20030130.315.58$6
Dec 20020126.914.85$5
Nov 20020124.664.14$4
Oct 20020126.464.23$4
Sep 20020027.443.64$0
Aug 20020125.963.16$3
Jul 2002151124.583.06$3,715
Jun 20020123.733.34$3
May 20020124.663.58$4
Apr 20020123.653.51$4
Mar 20020122.003.10$3
Feb 20020118.222.38$2
Jan 20020117.172.38$2
Dec 20010116.932.36$2
Nov 20010118.072.41$2
Oct 20010119.782.53$3
Sep 20010124.262.25$2
Aug 2001166124.873.05$4,131
Jul 20010123.933.20$3
Jun 20010124.563.82$4
May 20010125.524.31$4
Apr 20010124.685.34$5
Mar 20010124.545.38$5
Feb 20010127.755.77$6
Jan 20010127.478.40$8
Dec 20000126.889.12$9
Nov 20000132.215.66$6
Oct 20000131.235.15$5
Sep 2000135131.875.19$4,308
Aug 20000129.644.54$5
Jul 20000128.534.09$4
Jun 20000129.304.40$4
May 20000127.263.68$4
Apr 20000124.513.12$3
Mar 200015028.422.86$426
Feb 20000127.622.73$3
Jan 20000125.272.48$2
Dec 19990124.282.42$2
Nov 19990123.192.43$2
Oct 19990120.982.80$3
Sep 1999138121.752.62$3,004
Aug 19990119.262.88$3
Jul 19990117.892.37$2
Jun 19990115.942.36$2
May 19991115.792.32$18
Apr 19990115.102.21$2
Mar 19991112.471.84$14
Feb 199913019.981.82$1,299
Jan 19990110.381.90$2
Dec 1998119.201.77$11
Nov 19980010.892.19$0
Oct 19981112.421.97$14
Sep 19980112.592.08$2
Aug 19980011.301.91$0
Jul 19981111.742.24$14
Jun 19980111.242.24$2
May 199864112.622.21$810
Apr 19980113.042.51$3
Mar 199862112.802.31$796
Feb 199881113.952.30$1,132
Jan 19980114.702.15$2
Dec 19971116.322.41$19
Nov 19970018.193.09$0
Oct 19970119.253.15$3
Sep 19970117.742.95$3
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 19970117.242.26$2
May 19970118.972.31$2
Apr 19970117.882.08$2
Mar 19970118.951.94$2
Feb 19970020.492.21$0
Jan 19970123.483.54$4
Dec 19961123.32$23
Nov 19960121.97$0
Oct 199661123.31$1,422
Sep 19961122.22$22
Aug 19961120.26$20
Jul 19960119.55$0
Jun 19960118.73$0
May 1996105119.43$2,040
Apr 19960021.51$0
Mar 19960019.38$0
Feb 19960016.98$0
Jan 19960017.07$0
Dec 199584017.19$1,444
Nov 19950016.00$0
Oct 19950015.43$0
Sep 19950016.18$0
Aug 19950015.92$0
Jul 19950015.24$0
Jun 19950116.41$0
May 199552117.56$913
Apr 19950117.73$0
Mar 19950116.44$0
Feb 19950016.58$0
Jan 199550115.92$796
Dec 19940015.03$0
Nov 19940115.90$0
Oct 19940115.58$0
Sep 19940015.29$0
Aug 19940016.13$0
Jul 19940017.56$0
Jun 199446117.09$786
May 19940015.88$0
Apr 19940014.14$0
Mar 199435012.46$436
Feb 19940012.50$0
Jan 19940012.66$0
Dec 19930012.33$0
Nov 19930014.49$0
Oct 19930015.85$0
Sep 19930015.03$0
Aug 199384115.66$1,315
Jul 1993125115.46$1,933
Jun 19930116.79$0
May 19930017.68$0
Apr 19930018.05$0
Mar 19930018.14$0
Feb 19930017.90$0
Jan 19930016.93$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.

Jun 2006 — as filed, then multipliedworked
Oil                  120 bbl  × $ 66.28 =     $7,954
Casinghead gas         0 Mcf  × $  6.38 =         $0

────────────────────────────────────────────────────
Month total                                   $7,954

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/12309 is the state's own key, not one this site invented.