OWENS-STATE

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

Operated by PPC OPERATING COMPANY LLC (P-5 631462) in the PRIEST & BEAVERS (QUEEN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 12063District 08Field 73167500Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$312 k

Jan 1993 – Jan 2014

Value, last 12 filed months

at the published price for each month

Months reported

253

no gaps in the span

Streams

oil, casinghead gas

The PRIEST & BEAVERS (QUEEN) 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 22 leases and 82 wells, and the rule below applies to all of them.

Discovered

1957-08-28

as the register files it

Field class

Oil

the register's own label

Between wells

1,200 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2014-12-09.

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: “AND NO MAXIMUM DIAGONALS.”

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
Oil	Disposition	8,976 bbl	$311,638
Casinghead gas	Production	31 Mcf	$0
Total			$311,638

31 Mcf of this lease's gas, across 31 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 (3)

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 31.0965, -101.9949. A lease has no coordinate of its own — that point is the mean of its wells, and they span 57.8 miles, so treat it as the lease's centre and not as its location.

31.23575, -101.93094 · 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

66.7%

2 of 3 wells

With a plug date

66.7%

2 of 3 wells

Median depth

5,485 ft

2 wells filed one

Completion to plug

24.3 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

266.7%

A plug date is filed

266.7%

BothOn the schedule and plugged. Neither fact cancels the other.

266.7%

NeitherNo plug date, and not on the schedule.

133.3%

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

Between 2,220 and 8,750 ft, median 5,485 ft, over the 2 wells that filed a depth.

Completions filed

Oct 1986

1 of 3 wells; 2 filed none

Plug dates filed

Sep 2009 – Jan 2011

2 of 3 wells; 1 filed none

Last completion to plug: a median of 24.3 years across the 1 well that filed both dates, with the middle half between 24.3 years and 24.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells


42-37102056	2	2,220 ft	—	Sep 2009	Yes
42-37102055	1	—	—	—	—
42-17330953	2	8,750 ft	Oct 1986	Jan 2011	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 (253)

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

253 months


Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	480	0	86.95	3.62	$41,736
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	160	0	85.13	3.02	$13,621
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	157	0	98.09	2.73	$15,400
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	161	0	83.40	4.15	$13,427
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	161	0	96.36	4.06	$15,514
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	157	0	72.55	4.74	$11,390
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	153	0	81.69	4.12	$12,499
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	152	0	74.59	3.75	$11,338
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	1	0	65.54	3.06	$66
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	338	0	42.14	4.06	$14,243
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	166	0	123.17	11.57	$20,446
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	333	0	92.53	8.77	$30,812
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
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	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	88	0	25.96	3.16	$2,284
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	0	24.66	3.58	$0
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	0	0	31.23	5.15	$0
Sep 2000	0	0	31.87	5.19	$0
Aug 2000	0	0	29.64	4.54	$0
Jul 2000	0	0	28.53	4.09	$0
Jun 2000	0	0	29.30	4.40	$0
May 2000	0	0	27.26	3.68	$0
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	0	0	28.42	2.86	$0
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	91	0	24.28	2.42	$2,209
Nov 1999	82	0	23.19	2.43	$1,902
Oct 1999	0	0	20.98	2.80	$0
Sep 1999	89	0	21.75	2.62	$1,936
Aug 1999	0	0	19.26	2.88	$0
Jul 1999	89	0	17.89	2.37	$1,592
Jun 1999	89	0	15.94	2.36	$1,419
May 1999	0	0	15.79	2.32	$0
Apr 1999	91	0	15.10	2.21	$1,374
Mar 1999	91	0	12.47	1.84	$1,135
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	87	0	10.38	1.90	$903
Dec 1998	0	0	9.20	1.77	$0
Nov 1998	0	0	10.89	2.19	$0
Oct 1998	90	0	12.42	1.97	$1,118
Sep 1998	0	0	12.59	2.08	$0
Aug 1998	83	0	11.30	1.91	$938
Jul 1998	87	0	11.74	2.24	$1,021
Jun 1998	0	0	11.24	2.24	$0
May 1998	90	0	12.62	2.21	$1,136
Apr 1998	0	0	13.04	2.51	$0
Mar 1998	175	0	12.80	2.31	$2,240
Feb 1998	0	0	13.95	2.30	$0
Jan 1998	82	0	14.70	2.15	$1,205
Dec 1997	91	0	16.32	2.41	$1,485
Nov 1997	0	0	18.19	3.09	$0
Oct 1997	89	0	19.25	3.15	$1,713
Sep 1997	82	0	17.74	2.95	$1,455
Aug 1997	85	0	17.86	2.55	$1,518
Jul 1997	87	0	17.58	2.25	$1,529
Jun 1997	86	0	17.24	2.26	$1,483
May 1997	82	0	18.97	2.31	$1,556
Apr 1997	81	0	17.88	2.08	$1,448
Mar 1997	117	0	18.95	1.94	$2,217
Feb 1997	0	0	20.49	2.21	$0
Jan 1997	0	0	23.48	3.54	$0
Dec 1996	104	0	23.32	—	$2,425
Nov 1996	224	0	21.97	—	$4,921
Oct 1996	0	0	23.31	—	$0
Sep 1996	111	0	22.22	—	$2,466
Aug 1996	99	0	20.26	—	$2,006
Jul 1996	87	0	19.55	—	$1,701
Jun 1996	90	0	18.73	—	$1,686
May 1996	90	0	19.43	—	$1,749
Apr 1996	95	0	21.51	—	$2,043
Mar 1996	100	0	19.38	—	$1,938
Feb 1996	91	0	16.98	—	$1,545
Jan 1996	0	0	17.07	—	$0
Dec 1995	111	0	17.19	—	$1,908
Nov 1995	127	0	16.00	—	$2,032
Oct 1995	188	0	15.43	—	$2,901
Sep 1995	0	0	16.18	—	$0
Aug 1995	92	0	15.92	—	$1,465
Jul 1995	94	1	15.24	—	$1,433
Jun 1995	93	1	16.41	—	$1,526
May 1995	90	1	17.56	—	$1,580
Apr 1995	93	1	17.73	—	$1,649
Mar 1995	96	1	16.44	—	$1,578
Feb 1995	76	1	16.58	—	$1,260
Jan 1995	89	1	15.92	—	$1,417
Dec 1994	78	1	15.03	—	$1,172
Nov 1994	94	1	15.90	—	$1,495
Oct 1994	90	1	15.58	—	$1,402
Sep 1994	91	1	15.29	—	$1,391
Aug 1994	88	1	16.13	—	$1,419
Jul 1994	87	1	17.56	—	$1,528
Jun 1994	85	1	17.09	—	$1,453
May 1994	88	1	15.88	—	$1,397
Apr 1994	92	1	14.14	—	$1,301
Mar 1994	89	1	12.46	—	$1,109
Feb 1994	110	1	12.50	—	$1,375
Jan 1994	95	1	12.66	—	$1,203
Dec 1993	93	1	12.33	—	$1,147
Nov 1993	53	1	14.49	—	$768
Oct 1993	96	1	15.85	—	$1,522
Sep 1993	0	1	15.03	—	$0
Aug 1993	168	1	15.66	—	$2,631
Jul 1993	0	1	15.46	—	$0
Jun 1993	95	1	16.79	—	$1,595
May 1993	123	1	17.68	—	$2,175
Apr 1993	59	1	18.05	—	$1,065
Mar 1993	176	1	18.14	—	$3,193
Feb 1993	0	1	17.90	—	$0
Jan 1993	163	1	16.93	—	$2,760

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.

Nov 2012 — as filed, then multipliedworked

Oil                  480 bbl  × $ 86.95 =    $41,736
Casinghead gas         0 Mcf  × $  3.62 =         $0

────────────────────────────────────────────────────
Month total                                  $41,736

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/O/12063 is the state's own key, not one this site invented.