UNIVERSITY -E-

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

Oil lease lease 12531District 08Field 43878800Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$39.0 M
Jan 1993 – May 2026
Value, last 12 filed months
$963 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 37 leases and 93 wells, and the rule below applies to all of them.

Discovered
1953-02-13
as the register files it
Field class
Oil
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 80 acres.

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.

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
OilDisposition838,284 bbl$38,675,398
Casinghead gasProduction114,231 Mcf$348,870
Total$39,024,268

28,841 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 (5)

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 32.3942, -102.3010. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

32.39356, -102.30124 · 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
80.0%
4 of 5 wells
With a plug date
80.0%
4 of 5 wells
Median depth
12,570 ft
5 wells filed one
Completion to plug
12.4 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
480.0%
A plug date is filed
480.0%
BothOn the schedule and plugged. Neither fact cancels the other.
480.0%
NeitherNo plug date, and not on the schedule.
120.0%

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

Between 12,444 and 12,650 ft, median 12,570 ft, over the 5 wells that filed a depth.

Completions filed
Apr 1974 – Dec 1986
3 of 5 wells; 2 filed none
Plug dates filed
Feb 1986 – May 2023
4 of 5 wells; 1 filed none

Last completion to plug: a median of 12.4 years across the 2 wells that filed both dates, with the middle half between 12.3 years and 12.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells

42-00301285112,580 ftFeb 1986Yes
42-00301290212,444 ftMay 2023Yes
42-00301298312,560 ftDec 1986
42-003353691A12,650 ftJun 1986Apr 1999Yes
42-003013034D12,570 ftApr 1974Apr 1986Yes

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 20261,083211106.413.05$115,885
Apr 20261,07520598.932.87$106,938
Mar 20261,44221189.753.15$130,084
Feb 202671619363.503.75$46,190
Jan 202691821159.138.00$55,969
Dec 20251,10221156.664.41$63,371
Nov 20251,09620558.593.93$65,020
Oct 20251,06721159.383.30$64,056
Sep 20251,31020562.743.08$82,820
Aug 20251,25418663.933.01$80,729
Jul 20251,00718666.743.32$67,824
Jun 20251,25918066.483.13$84,261
May 20251,29818660.553.23$79,195
Apr 202589420562.363.54$56,476
Mar 20251,31618667.704.27$89,887
Feb 20251,23319370.884.34$88,233
Jan 20251,2442574.324.28$92,561
Dec 20241,11821168.993.12$77,789
Nov 20241,27420569.052.20$88,420
Oct 20241,11421171.372.28$79,988
Sep 20241,08620569.612.36$76,081
Aug 20241,10221175.632.06$83,780
Jul 20241,28821179.932.15$103,403
Jun 20241,25420578.082.63$98,452
May 20241,08721178.812.20$86,130
Apr 202488820584.451.66$75,332
Mar 202418621180.301.55$15,262
Feb 202418119976.091.78$14,127
Jan 20241,44721173.023.30$106,356
Dec 202374021171.262.61$53,283
Nov 20231,10320577.892.81$86,488
Oct 20231,11721185.443.09$96,088
Sep 20231,12020589.042.74$100,285
Aug 20231,12318680.522.67$90,921
Jul 20231,33018674.852.64$100,042
Jun 202374918068.962.26$52,058
May 20231,09818670.622.23$77,955
Apr 202393418078.122.24$73,367
Mar 2023018672.852.39$445
Feb 2023016875.112.47$414
Jan 202392518676.533.39$71,420
Dec 20221,20418676.415.73$93,063
Nov 20221,11218085.005.65$95,536
Oct 202285718687.185.86$75,804
Sep 20221,25718084.888.16$108,164
Aug 20221,083094.529.13$102,365
Jul 20221,102186101.587.54$113,344
Jun 2022540180115.097.98$63,585
May 2022738186109.378.43$82,284
Apr 20221,290180104.226.84$135,675
Mar 20221,645186108.885.08$180,052
Feb 20221,44216891.054.86$132,110
Jan 20221,83018681.844.54$150,611
Dec 20211,68018671.323.90$120,543
Nov 20211,30818077.435.24$102,221
Oct 20211,84818679.795.71$148,515
Sep 20212,02718069.865.35$142,569
Aug 20211,08518666.024.22$72,417
Jul 20211,99418670.783.98$141,876
Jun 20211,27318069.493.38$89,069
May 20211,78518663.483.02$113,873
Apr 20211,47618060.362.76$89,588
Mar 20211,62418661.302.72$100,057
Feb 202191116857.805.55$53,588
Jan 20211,99418650.412.81$101,040
Dec 20201,46618644.642.68$65,940
Nov 20201,47118638.772.71$57,534
Oct 20201,46118636.972.48$54,474
Sep 20201,07118637.091.99$40,094
Aug 20201,80618639.982.39$72,648
Jul 20201,62818638.371.83$62,806
Jun 20201,65318034.901.69$57,994
May 20201,81318616.921.81$31,014
Apr 20201,40418014.751.80$21,034
Mar 20201,45318630.341.86$44,429
Feb 20201,81218649.881.98$90,751
Jan 20201,46918657.252.09$84,490
Dec 20191,87818659.012.30$111,249
Nov 20191,50118055.302.75$83,500
Oct 20191,89218653.472.42$101,615
Sep 20191,49318055.052.66$82,668
Aug 20191,48818653.112.30$79,456
Jul 20191,86618656.272.46$105,457
Jun 20191,48018052.782.49$78,563
May 20191,67918658.482.74$98,698
Apr 20191,86118662.632.75$117,066
Mar 20191,49918656.803.06$85,713
Feb 20191,84816850.852.79$94,440
Jan 20191,87918646.033.23$87,091
Dec 20181,47818646.594.19$69,639
Nov 20181,90018052.934.24$101,330
Oct 20182,24818661.443.40$138,749
Sep 20181,48918059.543.11$89,215
Aug 20181,46818659.403.07$87,770
Jul 20181,86618665.142.93$122,097
Jun 20181,48918660.183.08$90,180
May 20181,67618665.382.90$110,116
Apr 20181,97418063.842.90$126,542
Mar 20181,49116861.222.79$91,747
Feb 20181,68216861.782.77$104,379
Jan 20181,85818662.874.01$117,558
Dec 20171,66518657.272.92$95,898
Nov 20171,47318055.423.12$82,195
Oct 20171,84318049.292.98$91,379
Sep 20171,30818047.523.09$62,712
Aug 20171,86018645.373.00$84,947
Jul 20171,47018643.873.09$65,063
Jun 20171,85618042.493.09$79,417
May 20171,66118645.373.26$75,967
Apr 20171,64318047.933.21$79,327
Mar 20171,85318646.772.98$87,220
Feb 20171,48416850.452.95$75,364
Jan 20171,86818049.413.42$92,913
Dec 20161,84918048.763.72$90,827
Nov 20161,48618042.492.64$63,616
Oct 20161,66021846.193.09$77,349
Sep 20161,84317641.553.10$77,122
Aug 20162,22218641.442.92$92,624
Jul 20161,48218641.622.92$62,225
Jun 20161,66718045.352.69$76,082
May 20162,40619642.521.99$102,693
Apr 20161,29021036.561.99$47,581
Mar 20161,84722133.011.79$61,366
Feb 20161,66217426.472.06$44,352
Jan 20161,83218427.352.36$50,540
Dec 20151,85025032.362.00$60,366
Nov 20151,84518738.792.17$71,973
Oct 20151,45918743.552.43$63,993
Sep 20151,84121642.992.76$79,740
Aug 20151,46118740.162.87$59,211
Jul 20151,10318748.152.95$53,660
Jun 20152,38218156.152.88$134,271
May 20151,46121355.212.96$81,291
Apr 20151,46123649.822.71$73,426
Mar 20152,29226642.892.93$99,085
Feb 20151,40716844.662.98$63,337
Jan 20151,44918643.433.10$63,507
Dec 20141,51418654.693.59$83,469
Nov 20142,10018070.464.25$148,731
Oct 20141,81921178.303.90$143,251
Sep 20141,80018086.164.05$155,816
Aug 20141,96818689.394.04$176,670
Jul 20141,67718696.564.18$162,709
Jun 20141,85918098.164.74$183,332
May 20141,68118694.734.73$160,120
Apr 20141,12018195.944.81$108,323
Mar 20142,41318795.895.06$232,328
Feb 201494220497.406.19$93,014
Jan 20141,85418690.404.86$168,506
Dec 20131,86318691.824.35$171,871
Nov 20131,09018088.853.74$97,519
Oct 20132,14518797.423.78$209,673
Sep 20132,377180104.113.72$248,139
Aug 20131,684186104.253.52$176,212
Jul 20131,656186102.523.72$170,465
Jun 20131,49218094.403.93$141,553
May 20132,20718694.834.15$210,062
Apr 20131,83918093.964.28$173,563
Mar 20132,05718693.623.91$193,304
Feb 20131,48616891.233.42$136,142
Jan 20132,22619691.603.42$204,572
Dec 20121,87218686.773.42$163,070
Nov 20121,50318086.953.62$131,338
Oct 20122,26118689.383.40$202,721
Sep 20121,88718094.672.92$179,168
Aug 20122,08618792.662.91$193,833
Jul 20121,87018685.133.02$159,755
Jun 20122,22318079.822.52$177,893
May 20121,84918691.612.49$169,850
Apr 20121,857180101.652.00$189,123
Mar 20122,115186105.052.22$222,594
Feb 20121,631174101.102.57$165,341
Jan 20121,84018698.092.73$180,994
Dec 20111,62518796.873.24$158,020
Nov 20112,21822995.723.31$213,065
Oct 20112,06918684.983.65$176,502
Sep 20111,47118083.623.99$123,722
Aug 20112,26618683.404.15$189,756
Jul 20111,85518694.144.52$175,470
Jun 20112,22818092.904.64$207,816
May 20111,69218698.134.40$166,855
Apr 20112,037180105.964.33$216,621
Mar 20112,06518696.364.06$199,738
Feb 20111,68719585.644.18$145,290
Jan 20112,03518686.504.59$176,881
Dec 20101,87718685.734.35$161,724
Nov 20101,09718280.843.80$89,372
Oct 20101,25712478.103.51$98,607
Sep 20101,70512072.633.98$124,312
Aug 20101,86712473.684.42$138,109
Jul 20101,30912472.554.74$95,555
Jun 201037612070.364.91$27,045
May 20101,69312471.124.24$120,931
Apr 20102,04312081.694.12$167,387
Mar 20102,00912478.394.39$158,030
Feb 20102,04611273.585.44$151,154
Jan 20102,24818774.365.96$168,277
Dec 20092,24618671.445.48$161,474
Nov 20092,06418074.593.75$154,629
Oct 20091,87818672.544.11$136,995
Sep 20092,42121865.543.06$159,340
Aug 20091,86222167.423.22$126,247
Jul 20092,18422261.133.46$134,277
Jun 20091,88524966.163.90$125,681
May 20092,63824954.743.93$145,382
Apr 20092,25818046.773.59$106,252
Mar 20092,06918642.144.06$87,943
Feb 20092,05016832.814.63$68,039
Jan 20092,23518835.865.37$81,157
Dec 20082,04422537.105.98$77,177
Nov 20082,02121455.496.86$113,613
Oct 20082,42924975.246.92$184,482
Sep 20082,4100101.767.88$245,242
Aug 20082,4400114.228.48$278,697
Jul 20081,8700131.0811.39$245,120
Jun 20082,4544131.3313.03$322,336
May 20082,26662123.1711.57$279,821
Apr 20082,44067110.3110.45$269,857
Mar 20082,44388101.909.66$249,792
Feb 20081,8803092.538.77$174,220
Jan 20082,4702390.388.21$223,427
Dec 20072,49715788.337.30$221,706
Nov 20072,50421491.677.29$231,102
Oct 20072,26523982.856.92$189,310
Sep 20072,25329275.846.24$172,691
Aug 20072,06237269.066.39$144,778
Jul 20072,26730270.906.39$162,659
Jun 20072,27310162.007.55$141,688
May 20072,28816058.747.85$135,653
Apr 20072,32834559.617.81$141,465
Mar 20072,47422156.927.30$142,434
Feb 20071,87924455.108.22$105,538
Jan 20071,79924450.306.73$92,131
Dec 20062,05632056.656.92$118,686
Nov 20062,29430754.207.62$126,673
Oct 20062,34635854.906.01$130,948
Sep 20062,10935360.085.04$128,487
Aug 20062,34830668.717.34$163,577
Jul 20062,14040569.376.34$151,021
Jun 20062,21933766.286.38$149,227
May 20062,49228966.016.42$166,354
Apr 20062,08129464.397.36$136,160
Mar 20062,39029056.707.08$137,567
Feb 20061,79020257.597.75$104,652
Jan 20062,41826260.598.93$148,847
Dec 20052,23227754.9413.42$126,342
Nov 20052,39824154.6910.59$133,698
Oct 20052,43029158.3413.80$145,781
Sep 20052,39627361.4512.08$150,532
Aug 20052,12430761.519.80$133,655
Jul 20052,48436855.697.84$141,220
Jun 20052,24932852.337.38$120,111
May 20052,25729845.226.65$104,044
Apr 20052,46332249.207.36$123,550
Mar 20052,40430250.377.15$123,250
Feb 20052,26428045.226.31$104,145
Jan 20052,41731043.166.32$106,278
Dec 20042,62630439.866.75$106,725
Nov 20042,48330045.286.33$114,329
Oct 20042,40032249.706.52$121,378
Sep 20042,38033543.245.28$104,681
Aug 20042,43036342.375.55$104,974
Jul 20042,43438238.286.08$95,498
Jun 20042,37937136.106.43$88,269
May 20042,58631137.486.49$98,943
Apr 20042,42424734.475.86$85,002
Mar 20042,51729334.365.53$88,104
Feb 20042,49328232.455.51$82,452
Jan 20042,67932532.036.30$87,856
Dec 20032,43832630.266.30$75,828
Nov 20032,55433128.804.60$75,076
Oct 20032,72933828.174.76$78,485
Sep 20032,41026026.314.75$64,642
Aug 20032,59639629.765.13$79,288
Jul 20032,66438129.415.17$80,318
Jun 20032,28831628.565.98$67,236
May 20032,67934826.595.97$73,313
Apr 20032,47034126.675.41$67,719
Mar 20032,63932731.146.10$84,172
Feb 20032,52127933.487.93$86,614
Jan 20032,72728430.315.58$84,241
Dec 20021,91824226.914.85$52,788
Nov 20022,60533224.664.14$65,613
Oct 20022,63524126.464.23$70,741
Sep 20022,44432027.443.64$68,227
Aug 20022,74234725.963.16$72,280
Jul 20022,60528624.583.06$64,907
Jun 20022,45933323.733.34$59,464
May 20022,50835324.663.58$63,112
Apr 20022,48830623.653.51$59,916
Mar 20022,60331322.003.10$58,237
Feb 20021,98325718.222.38$36,741
Jan 20022,53831017.172.38$44,314
Dec 20012,55131616.932.36$43,936
Nov 20012,14030918.072.41$39,413
Oct 20012,31932419.782.53$46,689
Sep 20012,19833424.262.25$54,075
Aug 20012,30836424.873.05$58,511
Jul 20012,26539023.933.20$55,448
Jun 20012,27634624.563.82$57,222
May 20011,54721325.524.31$40,397
Apr 20012,68438324.685.34$68,285
Mar 20012,74436624.545.38$69,306
Feb 20012,34124127.755.77$66,353
Jan 20012,71625327.478.40$76,733
Dec 20002,73527626.889.12$76,035
Nov 20002,74735332.215.66$90,478
Oct 20002,71535131.235.15$86,596
Sep 20002,76345331.875.19$90,406
Aug 20002,77347329.644.54$84,339
Jul 20002,84645528.534.09$83,057
Jun 20002,60139229.304.40$77,933
May 20002,76936327.263.68$76,819
Apr 20002,70536824.513.12$67,446
Mar 20002,86336028.422.86$82,396
Feb 20002,65834927.622.73$74,366
Jan 20002,83136925.272.48$72,455
Dec 19992,94243124.282.42$72,476
Nov 19992,77439523.192.43$65,290
Oct 19992,82840920.982.80$60,478
Sep 19992,69647021.752.62$59,869
Aug 19992,78153919.262.88$55,112
Jul 19992,82553317.892.37$51,804
Jun 19992,60349015.942.36$42,649
May 19992,91052315.792.32$47,163
Apr 19992,75646415.102.21$42,640
Mar 19992,89347212.471.84$36,943
Feb 19992,4563999.981.82$25,236
Jan 19992,86647110.381.90$30,644
Dec 19982,9474029.201.77$27,825
Nov 19982,06629710.892.19$23,148
Oct 19982,16635312.421.97$27,597
Sep 19982,32239212.592.08$30,050
Aug 19982,37646111.301.91$27,728
Jul 19982,48948111.742.24$30,297
Jun 19982,36145611.242.24$27,558
May 19982,56248312.622.21$33,398
Apr 19982,50743313.042.51$33,776
Mar 19982,48444612.802.31$32,825
Feb 19981,79427013.952.30$25,647
Jan 19982,73651814.702.15$41,335
Dec 19971,38220116.322.41$23,039
Nov 199787714718.193.09$16,407
Oct 19972,64547219.253.15$52,403
Sep 19972,79561417.742.95$51,398
Aug 19972,66857517.862.55$49,119
Jul 19972,89042417.582.25$51,759
Jun 19972,35943917.242.26$41,660
May 19972,79951718.972.31$54,291
Apr 19972,96950317.882.08$54,133
Mar 19973,05744518.951.94$58,793
Feb 19972,39333920.492.21$49,780
Jan 19972,96943523.483.54$71,252
Dec 19963,01446623.32$70,286
Nov 19963,18637821.97$69,996
Oct 19963,09153323.31$72,051
Sep 19963,03254922.22$67,371
Aug 19962,86461520.26$58,025
Jul 19963,13163519.55$61,211
Jun 19963,00958118.73$56,359
May 19963,28565019.43$63,828
Apr 19963,46456821.51$74,511
Mar 19963,03252919.38$58,760
Feb 19963,50849016.98$59,566
Jan 19963,38455717.07$57,765
Dec 19953,5661,10617.19$61,300
Nov 19953,56257816.00$56,992
Oct 19953,62960915.43$55,995
Sep 19953,32069416.18$53,718
Aug 19953,49162515.92$55,577
Jul 19953,51472315.24$53,553
Jun 19952,82870916.41$46,407
May 19952,65955317.56$46,692
Apr 19953,28444717.73$58,225
Mar 19953,30736316.44$54,367
Feb 19953,02934316.58$50,221
Jan 19953,06932415.92$48,858
Dec 19943,16147715.03$47,510
Nov 19942,34012315.90$37,206
Oct 19943,23035815.58$50,323
Sep 19942,96942215.29$45,396
Aug 19942,9596816.13$47,729
Jul 19943,26659117.56$57,351
Jun 19943,42575217.09$58,533
May 19943,47678715.88$55,199
Apr 19943,55681714.14$50,282
Mar 19943,72877912.46$46,451
Feb 19943,34552912.50$41,813
Jan 19943,52468512.66$44,614
Dec 19933,76276812.33$46,385
Nov 19933,85277514.49$55,815
Oct 19933,47580415.85$55,079
Sep 19933,53787215.03$53,161
Aug 19933,39688115.66$53,181
Jul 19933,89388415.46$60,186
Jun 19932,99786416.79$50,320
May 19932,55479617.68$45,155
Apr 19933,33843918.05$60,251
Mar 19933,28669818.14$59,608
Feb 19932,98856317.90$53,485
Jan 19933,15848416.93$53,465

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 2026 — as filed, then multipliedworked
Oil                1,083 bbl  × $106.41 =   $115,242
Casinghead gas       211 Mcf  × $  3.05 =       $643

────────────────────────────────────────────────────
Month total                                 $115,885

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/12531 is the state's own key, not one this site invented.