FASKEN ESTATE

Name: FASKEN ESTATE lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by FASKEN OIL AND RANCH, LTD. (P-5 263696) in the CIRCLE BAR, EAST (ATOKA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 141616District 08Field 18255500CondensateGasSave Export

Value, all time

$1.1 M

Jan 1993 – Jan 2005

Value, last 12 filed months

$65 k

at the published price for each month

Months reported

145

no gaps in the span

Streams

condensate, gas

The CIRCLE BAR, EAST (ATOKA) field

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 5 leases and 5 wells, and the rule below applies to all of them.

Discovered

1977-11-19

as the register files it

Field class

Oil and gas

the register's own label

Between wells

660 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2012-07-17.

The Commission's schedule remark for this field reads: “CAPACITY FIELD.(VERIFIED BY HEARINGS EXAMINER RICHARD ATKINS)”

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.

Stream	Basis	Volume	Value
Condensate	Disposition	1,145 bbl	$29,105
Gas	Production	505,979 Mcf	$1,109,424
Total			$1,138,530

201,628 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 32.0616, -102.3454. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.06159, -102.34543 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

11,060 ft

1 wells filed one

Completion to plug

9.8 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 11,060 ft.

Completions filed

Jan 2012

1 of 1 wells

Plug dates filed

Nov 2021

1 of 1 wells

Last completion to plug: a median of 9.8 years across the 1 well that filed both dates, with the middle half between 9.8 years and 9.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-13535121	2	11,060 ft	Jan 2012	Nov 2021	Yes

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 (145)

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

145 months


Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	17	0	38.28	6.08	$651
Jun 2004	170	247	36.10	6.43	$7,726
May 2004	171	566	37.48	6.49	$10,085
Apr 2004	0	1,827	34.47	5.86	$10,703
Mar 2004	0	3,386	34.36	5.53	$18,725
Feb 2004	0	3,082	32.45	5.51	$16,981
Jan 2004	0	3,408	32.03	6.30	$21,469
Dec 2003	0	3,510	30.26	6.30	$22,119
Nov 2003	0	3,500	28.80	4.60	$16,083
Oct 2003	2	3,391	28.17	4.76	$16,196
Sep 2003	168	3,634	26.31	4.75	$21,679
Aug 2003	0	3,784	29.76	5.13	$19,411
Jul 2003	0	3,862	29.41	5.17	$19,970
Jun 2003	0	2,728	28.56	5.98	$16,322
May 2003	0	3,526	26.59	5.97	$21,060
Apr 2003	0	2,871	26.67	5.41	$15,524
Mar 2003	0	3,445	31.14	6.10	$21,001
Feb 2003	0	3,109	33.48	7.93	$24,642
Jan 2003	0	3,297	30.31	5.58	$18,404
Dec 2002	0	3,418	26.91	4.85	$16,590
Nov 2002	0	3,371	24.66	4.14	$13,946
Oct 2002	0	3,571	26.46	4.23	$15,102
Sep 2002	0	3,614	27.44	3.64	$13,138
Aug 2002	0	2,655	25.96	3.16	$8,401
Jul 2002	0	3,151	24.58	3.06	$9,648
Jun 2002	0	3,433	23.73	3.34	$11,460
May 2002	0	3,614	24.66	3.58	$12,953
Apr 2002	0	3,704	23.65	3.51	$13,010
Mar 2002	0	2,976	22.00	3.10	$9,234
Feb 2002	0	3,492	18.22	2.38	$8,296
Jan 2002	0	3,987	17.17	2.38	$9,472
Dec 2001	0	3,878	16.93	2.36	$9,169
Nov 2001	0	3,616	18.07	2.41	$8,698
Oct 2001	0	3,959	19.78	2.53	$10,012
Sep 2001	0	3,672	24.26	2.25	$8,267
Aug 2001	0	4,263	24.87	3.05	$13,016
Jul 2001	0	3,515	23.93	3.20	$11,238
Jun 2001	0	4,140	24.56	3.82	$15,832
May 2001	153	3,694	25.52	4.31	$19,816
Apr 2001	0	3,615	24.68	5.34	$19,287
Mar 2001	0	4,405	24.54	5.38	$23,683
Feb 2001	0	3,605	27.75	5.77	$20,790
Jan 2001	0	3,811	27.47	8.40	$32,008
Dec 2000	0	3,884	26.88	9.12	$35,432
Nov 2000	0	3,888	32.21	5.66	$21,998
Oct 2000	0	4,080	31.23	5.15	$20,994
Sep 2000	0	3,869	31.87	5.19	$20,067
Aug 2000	0	4,103	29.64	4.54	$18,631
Jul 2000	0	4,257	28.53	4.09	$17,410
Jun 2000	0	4,357	29.30	4.40	$19,159
May 2000	0	3,401	27.26	3.68	$12,515
Apr 2000	0	3,945	24.51	3.12	$12,293
Mar 2000	0	4,218	28.42	2.86	$12,062
Feb 2000	0	3,982	27.62	2.73	$10,857
Jan 2000	0	4,276	25.27	2.48	$10,607
Dec 1999	0	4,291	24.28	2.42	$10,400
Nov 1999	0	4,334	23.19	2.43	$10,549
Oct 1999	0	4,636	20.98	2.80	$12,998
Sep 1999	0	4,510	21.75	2.62	$11,811
Aug 1999	0	4,437	19.26	2.88	$12,759
Jul 1999	170	4,575	17.89	2.37	$13,895
Jun 1999	0	4,683	15.94	2.36	$11,062
May 1999	0	4,554	15.79	2.32	$10,570
Apr 1999	0	4,516	15.10	2.21	$9,972
Mar 1999	0	4,826	12.47	1.84	$8,872
Feb 1999	0	4,549	9.98	1.82	$8,269
Jan 1999	0	5,203	10.38	1.90	$9,885
Dec 1998	0	3,398	9.20	1.77	$6,026
Nov 1998	0	5,380	10.89	2.19	$11,759
Oct 1998	0	3,874	12.42	1.97	$7,629
Sep 1998	0	5,217	12.59	2.08	$10,865
Aug 1998	0	4,369	11.30	1.91	$8,333
Jul 1998	0	5,114	11.74	2.24	$11,441
Jun 1998	0	2,773	11.24	2.24	$6,204
May 1998	0	946	12.62	2.21	$2,087
Apr 1998	0	1,136	13.04	2.51	$2,846
Mar 1998	0	2,495	12.80	2.31	$5,762
Feb 1998	0	1,067	13.95	2.30	$2,453
Jan 1998	0	3,449	14.70	2.15	$7,432
Dec 1997	0	1,378	16.32	2.41	$3,323
Nov 1997	0	2,949	18.19	3.09	$9,107
Oct 1997	0	394	19.25	3.15	$1,241
Sep 1997	0	1,836	17.74	2.95	$5,425
Aug 1997	144	2,460	17.86	2.55	$8,857
Jul 1997	0	861	17.58	2.25	$1,935
Jun 1997	0	2,553	17.24	2.26	$5,763
May 1997	0	2,060	18.97	2.31	$4,756
Apr 1997	0	1,612	17.88	2.08	$3,357
Mar 1997	7	2,253	18.95	1.94	$4,502
Feb 1997	0	77	20.49	2.21	$170
Jan 1997	0	2,994	23.48	3.54	$10,598
Dec 1996	0	4,301	23.32	—	$0
Nov 1996	0	4,568	21.97	—	$0
Oct 1996	0	3,369	23.31	—	$0
Sep 1996	0	4,243	22.22	—	$0
Aug 1996	0	3,730	20.26	—	$0
Jul 1996	0	3,651	19.55	—	$0
Jun 1996	0	3,267	18.73	—	$0
May 1996	0	4,613	19.43	—	$0
Apr 1996	0	3,343	21.51	—	$0
Mar 1996	0	4,091	19.38	—	$0
Feb 1996	0	3,819	16.98	—	$0
Jan 1996	0	4,103	17.07	—	$0
Dec 1995	0	3,799	17.19	—	$0
Nov 1995	0	4,447	16.00	—	$0
Oct 1995	0	3,776	15.43	—	$0
Sep 1995	0	3,811	16.18	—	$0
Aug 1995	0	4,017	15.92	—	$0
Jul 1995	0	3,532	15.24	—	$0
Jun 1995	0	3,672	16.41	—	$0
May 1995	0	3,992	17.56	—	$0
Apr 1995	0	2,765	17.73	—	$0
Mar 1995	0	4,147	16.44	—	$0
Feb 1995	0	3,524	16.58	—	$0
Jan 1995	0	4,104	15.92	—	$0
Dec 1994	0	4,119	15.03	—	$0
Nov 1994	0	4,310	15.90	—	$0
Oct 1994	0	4,004	15.58	—	$0
Sep 1994	0	4,250	15.29	—	$0
Aug 1994	0	4,461	16.13	—	$0
Jul 1994	0	4,555	17.56	—	$0
Jun 1994	0	4,628	17.09	—	$0
May 1994	0	2,324	15.88	—	$0
Apr 1994	0	3,131	14.14	—	$0
Mar 1994	143	4,406	12.46	—	$1,782
Feb 1994	0	4,550	12.50	—	$0
Jan 1994	0	4,512	12.66	—	$0
Dec 1993	0	4,941	12.33	—	$0
Nov 1993	0	3,882	14.49	—	$0
Oct 1993	0	4,866	15.85	—	$0
Sep 1993	0	4,823	15.03	—	$0
Aug 1993	0	5,012	15.66	—	$0
Jul 1993	0	5,190	15.46	—	$0
Jun 1993	0	5,251	16.79	—	$0
May 1993	0	5,430	17.68	—	$0
Apr 1993	0	4,950	18.05	—	$0
Mar 1993	0	5,173	18.14	—	$0
Feb 1993	0	4,778	17.90	—	$0
Jan 1993	0	5,398	16.93	—	$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.

Jul 2004 — as filed, then multipliedworked

Condensate            17 bbl  × $ 38.28 =       $651
Gas                    0 Mcf  × $  6.08 =         $0

────────────────────────────────────────────────────
Month total                                     $651

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. 08/G/141616 is the state's own key, not one this site invented.