KEYSTONE CATTLE COMPANY

Operated by WTG EXPLORATION (P-5 945220) in the KEYSTONE (MCKEE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 254079District 08Field 49129528Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$252 k
Jan 2009 – Aug 2016
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
92
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 61 leases and 61 wells, and the rule below applies to all of them.

Discovered
1947-09-20
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 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 2019-02-26.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: FIELDS CONSOLIDATED INTO THE KEYSTONE (DEV-MCKEE CONS) FIELD.

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
CondensateDisposition1,557 bbl$116,414
GasProduction34,481 Mcf$135,610
Total$252,023

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 31.8585, -102.9406. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.85854, -102.94055 · 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
10,987 ft
1 wells filed one
Completion to plug
7.3 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 10,987 ft.

Completions filed
Jan 2009
1 of 1 wells
Plug dates filed
Apr 2016
1 of 1 wells

Last completion to plug: a median of 7.3 years across the 1 well that filed both dates, with the middle half between 7.3 years and 7.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-49510132253R10,987 ftJan 2009Apr 2016Yes

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 (92)

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

92 months

Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 201631042.521.99$1,318
Apr 2016322636.561.99$1,222
Mar 201606233.011.79$111
Feb 201603326.472.06$68
Jan 201605127.352.36$121
Dec 201504732.362.00$94
Nov 201506038.792.17$130
Oct 201507643.552.43$184
Sep 201505942.992.76$163
Aug 20150140.162.87$3
Jul 201502248.152.95$65
Jun 20150356.152.88$9
May 20150855.212.96$24
Apr 20150149.822.71$3
Mar 20150542.892.93$15
Feb 20150944.662.98$27
Jan 20150943.433.10$28
Dec 20140854.693.59$29
Nov 20140970.464.25$38
Oct 201401178.303.90$43
Sep 201408786.164.05$352
Aug 201407089.394.04$282
Jul 201406596.564.18$272
Jun 201408798.164.74$412
May 201405294.734.73$246
Apr 201401295.944.81$58
Mar 201401895.895.06$91
Feb 20140297.406.19$12
Jan 201401890.404.86$87
Dec 201304791.824.35$205
Nov 201308788.853.74$325
Oct 2013010697.423.78$401
Sep 20130134104.113.72$498
Aug 2013057104.253.52$201
Jul 2013033102.523.72$123
Jun 201307194.403.93$279
May 201306394.834.15$261
Apr 20130193.964.28$4
Mar 201306593.623.91$254
Feb 201305991.233.42$202
Jan 201306491.603.42$219
Dec 201206686.773.42$226
Nov 201205586.953.62$199
Oct 201206689.383.40$224
Sep 201206094.672.92$175
Aug 201203892.662.91$111
Jul 2012034185.133.02$1,030
Jun 2012038779.822.52$975
May 2012018491.612.49$458
Apr 20120502101.652.00$1,002
Mar 20120661105.052.22$1,469
Feb 20120138101.102.57$355
Jan 2012020198.092.73$550
Dec 201116835396.873.24$17,418
Nov 2011012295.723.31$404
Oct 201106584.983.65$237
Sep 20111665583.623.99$14,100
Aug 2011029483.404.15$1,220
Jul 201114594.144.52$297
Jun 201116326492.904.64$16,368
May 2011052698.134.40$2,317
Apr 20110524105.964.33$2,271
Mar 201111,01896.364.06$4,227
Feb 2011022585.644.18$941
Jan 2011038686.504.59$1,771
Dec 2010290585.734.35$4,106
Nov 2010034480.843.80$1,306
Oct 2010074278.103.51$2,604
Sep 2010090472.633.98$3,597
Aug 2010030073.684.42$1,326
Jul 201016187672.554.74$15,830
Jun 2010074670.364.91$3,663
May 2010088871.124.24$3,761
Apr 2010079781.694.12$3,286
Mar 201016797378.394.39$17,361
Feb 201001,26073.585.44$6,857
Jan 2010090374.365.96$5,386
Dec 200901,24971.445.48$6,849
Nov 200901,34774.593.75$5,053
Oct 20091721,29572.544.11$17,800
Sep 200902,06665.543.06$6,332
Aug 200901,69867.423.22$5,465
Jul 20093181,49461.133.46$24,615
Jun 20091752,13466.163.90$19,890
May 200903,09754.743.93$12,158
Apr 200901,96746.773.59$7,057
Mar 2009022242.144.06$901
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.

May 2016 — as filed, then multipliedworked
Condensate            31 bbl  × $ 42.52 =     $1,318
Gas                    0 Mcf  × $  1.99 =         $0

────────────────────────────────────────────────────
Month total                                   $1,318

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/254079 is the state's own key, not one this site invented.