FEE -J-

Operated by FASKEN OIL AND RANCH, LTD. (P-5 263696) in the BLOCK 2 (GRAYBURG) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 12602District 08Field 09116500Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$13.2 M
Jan 1993 – May 2026
Value, last 12 filed months
$226 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 14 leases and 83 wells, and the rule below applies to all of them.

Discovered
1957-12-09
as the register files it
Field class
Oil
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 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.

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
OilDisposition284,413 bbl$13,217,302
Casinghead gasProduction15,321 Mcf$16,032
Total$13,233,334

10,435 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 (9)

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 32.2152, -102.4406. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

32.21592, -102.44024 · 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
33.3%
3 of 9 wells
With a plug date
22.2%
2 of 9 wells
Median depth
4,898 ft
8 wells filed one
Completion to plug
34.6 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
333.3%
A plug date is filed
222.2%
BothOn the schedule and plugged. Neither fact cancels the other.
222.2%
NeitherNo plug date, and not on the schedule.
666.7%

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

Total depth in feet, 8 of 9 wells. Median 4,898 ft, with the middle half between 4,840 and 4,951 ft; the shallowest is 4,754 ft and the deepest 5,001 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 7 of 9 wells, Sep 1958 – Feb 2022. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Sep 1958 – Feb 2022
7 of 9 wells; 2 filed none
Plug dates filed
Sep 2011 – Jul 2024
2 of 9 wells; 7 filed none

Last completion to plug: a median of 34.6 years across the 2 wells that filed both dates, with the middle half between 19.0 years and 50.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

9 wells

42-0031018394,780 ftYes
42-003012505
42-0030125274,926 ftFeb 2022
42-00339057145,001 ftSep 2015
42-0030124334,860 ftMay 2008Sep 2011Yes
42-0030124744,870 ftAug 2007
42-00339056134,954 ftOct 2003
42-00338970124,950 ftJul 2002
42-0030125164,754 ftSep 1958Jul 2024Yes

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 20262551106.413.05$27,138
Apr 2026230198.932.87$22,757
Mar 2026296289.753.15$26,572
Feb 2026340263.503.75$21,598
Jan 2026296159.138.00$17,510
Dec 2025221356.664.41$12,535
Nov 2025252358.593.93$14,776
Oct 2025213259.383.30$12,655
Sep 2025206262.743.08$12,931
Aug 2025233063.933.01$14,896
Jul 2025286666.743.32$19,108
Jun 202534713266.483.13$23,482
May 2025175460.553.23$10,609
Apr 20253951162.363.54$24,671
Mar 202511540067.704.27$9,493
Feb 202522140070.884.34$17,401
Jan 20252035074.324.28$15,301
Dec 20242895068.993.12$20,094
Nov 20244045069.052.20$28,006
Oct 202440326071.372.28$29,355
Sep 20241265069.612.36$8,889
Aug 20243113875.632.06$23,599
Jul 20241803879.932.15$14,469
Jun 20244503878.082.63$35,236
May 2024286078.812.20$22,540
Apr 2024289084.451.66$24,406
Mar 20243105080.301.55$24,970
Feb 20245175076.091.78$39,428
Jan 20241505073.023.30$11,118
Dec 20232765071.262.61$19,798
Nov 2023291877.892.81$22,688
Oct 2023559885.443.09$47,786
Sep 2023403889.042.74$35,905
Aug 2023426080.522.67$34,302
Jul 2023359074.852.64$26,871
Jun 2023267068.962.26$18,412
May 2023302070.622.23$21,327
Apr 2023579078.122.24$45,231
Mar 2023398072.852.39$28,994
Feb 2023308075.112.47$23,134
Jan 2023275076.533.39$21,046
Dec 202215970076.415.73$16,160
Nov 2022448085.005.65$38,080
Oct 2022404087.185.86$35,221
Sep 2022400084.888.16$33,952
Aug 2022371094.529.13$35,067
Jul 20223070101.587.54$31,185
Jun 20222540115.097.98$29,233
May 20222710109.378.43$29,639
Apr 20223520104.226.84$36,685
Mar 20224180108.885.08$45,512
Feb 2022402091.054.86$36,602
Jan 2022266081.844.54$21,769
Dec 2021502071.323.90$35,803
Nov 2021361077.435.24$27,952
Oct 2021352079.795.71$28,086
Sep 2021359069.865.35$25,080
Aug 2021553066.024.22$36,509
Jul 2021364070.783.98$25,764
Jun 2021313069.493.38$21,750
May 2021569063.483.02$36,120
Apr 2021448060.362.76$27,041
Mar 2021305061.302.72$18,697
Feb 2021287057.805.55$16,589
Jan 2021384050.412.81$19,357
Dec 2020368044.642.68$16,428
Nov 2020610038.772.71$23,650
Oct 2020270036.972.48$9,982
Sep 2020569037.091.99$21,104
Aug 2020421039.982.39$16,832
Jul 2020618038.371.83$23,713
Jun 202089034.901.69$3,106
May 2020107016.921.81$1,810
Apr 2020385014.751.80$5,679
Mar 2020391030.341.86$11,863
Feb 2020483049.881.98$24,092
Jan 2020337057.252.09$19,293
Dec 2019422059.012.30$24,902
Nov 2019317055.302.75$17,530
Oct 2019598053.472.42$31,975
Sep 2019159055.052.66$8,753
Aug 2019586053.112.30$31,122
Jul 2019409056.272.46$23,014
Jun 2019498052.782.49$26,284
May 2019374058.482.74$21,872
Apr 2019597062.632.75$37,390
Mar 2019443056.803.06$25,162
Feb 2019343050.852.79$17,442
Jan 2019377046.033.23$17,353
Dec 2018474046.594.19$22,084
Nov 2018435052.934.24$23,025
Oct 2018514061.443.40$31,580
Sep 2018247059.543.11$14,706
Aug 2018552059.403.07$32,789
Jul 2018248065.142.93$16,155
Jun 2018404060.183.08$24,313
May 2018427065.382.90$27,917
Apr 201843123463.842.90$28,194
Mar 2018558061.222.79$34,161
Feb 2018368061.782.77$22,735
Jan 2018360062.874.01$22,633
Dec 2017377057.272.92$21,591
Nov 2017589055.423.12$32,642
Oct 20174045249.292.98$20,068
Sep 2017410047.523.09$19,483
Aug 2017494045.373.00$22,413
Jul 2017458043.873.09$20,092
Jun 2017417042.493.09$17,718
May 2017554045.373.26$25,135
Apr 2017495047.933.21$23,725
Mar 2017377046.772.98$17,632
Feb 2017637050.452.95$32,137
Jan 2017423049.413.42$20,900
Dec 2016407048.763.72$19,845
Nov 2016639042.492.64$27,151
Oct 2016438046.193.09$20,231
Sep 2016700041.553.10$29,085
Aug 2016495041.442.92$20,513
Jul 2016632041.622.92$26,304
Jun 2016759045.352.69$34,421
May 2016379042.521.99$16,115
Apr 2016490036.561.99$17,914
Mar 2016771033.011.79$25,451
Feb 2016398026.472.06$10,535
Jan 2016601027.352.36$16,437
Dec 2015614032.362.00$19,869
Nov 2015414038.792.17$16,059
Oct 2015633043.552.43$27,567
Sep 2015444042.992.76$19,088
Aug 2015647040.162.87$25,984
Jul 2015665048.152.95$32,020
Jun 2015586056.152.88$32,904
May 2015521055.212.96$28,764
Apr 2015448049.822.71$22,319
Mar 2015799042.892.93$34,269
Feb 2015481044.662.98$21,481
Jan 2015423043.433.10$18,371
Dec 2014419054.693.59$22,915
Nov 2014545070.464.25$38,401
Oct 2014575078.303.90$45,023
Sep 2014521086.164.05$44,889
Aug 2014556089.394.04$49,701
Jul 2014629096.564.18$60,736
Jun 2014576098.164.74$56,540
May 2014620094.734.73$58,733
Apr 2014671095.944.81$64,376
Mar 2014423095.895.06$40,561
Feb 2014574097.406.19$55,908
Jan 2014775090.404.86$70,060
Dec 2013793091.824.35$72,813
Nov 2013493088.853.74$43,803
Oct 2013651097.423.78$63,420
Sep 20135190104.113.72$54,033
Aug 20135680104.253.52$59,214
Jul 20137400102.523.72$75,865
Jun 2013518094.403.93$48,899
May 2013558094.834.15$52,915
Apr 2013516093.964.28$48,483
Mar 2013654093.623.91$61,227
Feb 2013685091.233.42$62,493
Jan 2013759091.603.42$69,524
Dec 2012443086.773.42$38,439
Nov 2012766086.953.62$66,604
Oct 2012646089.383.40$57,739
Sep 2012434094.672.92$41,087
Aug 2012753092.662.91$69,773
Jul 2012624085.133.02$53,121
Jun 2012517079.822.52$41,267
May 2012708091.612.49$64,860
Apr 20125790101.652.00$58,855
Mar 20125470105.052.22$57,462
Feb 20125430101.102.57$54,897
Jan 2012410098.092.73$40,217
Dec 2011561096.873.24$54,344
Nov 2011742095.723.31$71,024
Oct 2011677084.983.65$57,531
Sep 2011385083.623.99$32,194
Aug 2011724083.404.15$60,382
Jul 2011861094.144.52$81,055
Jun 2011666092.904.64$61,871
May 2011716098.134.40$70,261
Apr 20111,0500105.964.33$111,258
Mar 20111,069096.364.06$103,009
Feb 2011541085.644.18$46,331
Jan 2011909086.504.59$78,629
Dec 20101,049085.734.35$89,931
Nov 2010668080.843.80$54,001
Oct 20101,115078.103.51$87,082
Sep 2010974072.633.98$70,742
Aug 2010667073.684.42$49,145
Jul 20101,026072.554.74$74,436
Jun 2010681070.364.91$47,915
May 2010891071.124.24$63,368
Apr 2010388081.694.12$31,696
Mar 2010883078.394.39$69,218
Feb 2010750073.585.44$55,185
Jan 2010816074.365.96$60,678
Dec 2009638071.445.48$45,579
Nov 2009944074.593.75$70,413
Oct 2009692072.544.11$50,198
Sep 2009583065.543.06$38,210
Aug 2009859067.423.22$57,914
Jul 2009974061.133.46$59,541
Jun 2009829066.163.90$54,847
May 2009839054.743.93$45,927
Apr 2009720046.773.59$33,674
Mar 2009996042.144.06$41,971
Feb 2009889032.814.63$29,168
Jan 2009983035.865.37$35,250
Dec 2008615037.105.98$22,817
Nov 2008667055.496.86$37,012
Oct 2008876075.246.92$65,910
Sep 20081,0020101.767.88$101,964
Aug 20088350114.228.48$95,374
Jul 20089270131.0811.39$121,511
Jun 20089500131.3313.03$124,764
May 20086660123.1711.57$82,031
Apr 20088630110.3110.45$95,198
Mar 20088850101.909.66$90,182
Feb 2008908092.538.77$84,017
Jan 2008716090.388.21$64,712
Dec 2007802088.337.30$70,841
Nov 2007909091.677.29$83,328
Oct 20071,081082.856.92$89,561
Sep 2007829075.846.24$62,871
Aug 2007848069.066.39$58,563
Jul 2007886070.906.39$62,817
Jun 2007809062.007.55$50,158
May 2007868058.747.85$50,986
Apr 2007645059.617.81$38,448
Mar 2007845056.927.30$48,097
Feb 2007954055.108.22$52,565
Jan 2007937050.306.73$47,131
Dec 2006315056.656.92$17,845
Nov 2006841054.207.62$45,582
Oct 2006881054.906.01$48,367
Sep 2006897060.085.04$53,892
Aug 20061,033068.717.34$70,977
Jul 2006578069.376.34$40,096
Jun 2006794066.286.38$52,626
May 2006907066.016.42$59,871
Apr 2006636064.397.36$40,952
Mar 2006919056.707.08$52,107
Feb 2006744057.597.75$42,847
Jan 2006978060.598.93$59,257
Dec 2005780054.9413.42$42,853
Nov 20051,483054.6910.59$81,105
Oct 2005921058.3413.80$53,731
Sep 2005886061.4512.08$54,445
Aug 2005944061.519.80$58,065
Jul 2005911055.697.84$50,734
Jun 2005923052.337.38$48,301
May 2005471045.226.65$21,299
Apr 2005916049.207.36$45,067
Mar 20051,391050.377.15$70,065
Feb 2005464045.226.31$20,982
Jan 2005916043.166.32$39,535
Dec 2004920039.866.75$36,671
Nov 20041,384045.286.33$62,668
Oct 2004925049.706.52$45,973
Sep 2004939043.245.28$40,602
Aug 2004932042.375.55$39,489
Jul 2004900038.286.08$34,452
Jun 20041,394036.106.43$50,323
May 2004932037.486.49$34,931
Apr 20041,349034.475.86$46,500
Mar 2004924034.365.53$31,749
Feb 20041,652032.455.51$53,607
Jan 2004924032.036.30$29,596
Dec 2003939030.266.30$28,414
Nov 2003947028.804.60$27,274
Oct 2003885028.174.76$24,930
Sep 2003939026.314.75$24,705
Aug 2003927029.765.13$27,588
Jul 20031,399029.415.17$41,145
Jun 2003463028.565.98$13,223
May 20031,412026.595.97$37,545
Apr 2003902026.675.41$24,056
Mar 2003947031.146.10$29,490
Feb 2003933033.487.93$31,237
Jan 2003917030.315.58$27,794
Dec 2002933026.914.85$25,107
Nov 2002906024.664.14$22,342
Oct 20021,410026.464.23$37,309
Sep 2002898027.443.64$24,641
Aug 20021,408025.963.16$36,552
Jul 2002886024.583.06$21,778
Jun 2002911023.733.34$21,618
May 2002902024.663.58$22,243
Apr 2002932023.653.51$22,042
Mar 2002937022.003.10$20,614
Feb 2002480018.222.38$8,746
Jan 2002969017.172.38$16,638
Dec 2001957016.932.36$16,202
Nov 2001946018.072.41$17,094
Oct 2001957019.782.53$18,929
Sep 2001478024.262.25$11,596
Aug 2001930024.873.05$23,129
Jul 2001922023.933.20$22,063
Jun 2001901024.563.82$22,129
May 2001846025.524.31$21,590
Apr 2001860024.685.34$21,225
Mar 2001920024.545.38$22,577
Feb 2001970027.755.77$26,918
Jan 2001938027.478.40$25,767
Dec 2000945026.889.12$25,402
Nov 2000948032.215.66$30,535
Oct 2000475031.235.15$14,834
Sep 2000937031.875.19$29,862
Aug 2000936029.644.54$27,743
Jul 2000953028.534.09$27,189
Jun 2000926029.304.40$27,132
May 2000859027.263.68$23,416
Apr 2000944024.513.12$23,137
Mar 2000954028.422.86$27,113
Feb 2000808027.622.73$22,317
Jan 2000903025.272.48$22,819
Dec 1999873024.282.42$21,196
Nov 1999902023.192.43$20,917
Oct 1999988020.982.80$20,728
Sep 1999905021.752.62$19,684
Aug 1999952019.262.88$18,336
Jul 1999463017.892.37$8,283
Jun 1999925015.942.36$14,745
May 1999923015.792.32$14,574
Apr 1999929015.102.21$14,028
Mar 19999025012.471.84$11,340
Feb 199948309.981.82$4,820
Jan 1999969010.381.90$10,058
Dec 199876609.201.77$7,047
Nov 1998917010.892.19$9,986
Oct 1998961012.421.97$11,936
Sep 1998879012.592.08$11,067
Aug 1998945011.301.91$10,679
Jul 1998832011.742.24$9,768
Jun 1998946011.242.24$10,633
May 1998817012.622.21$10,311
Apr 1998967013.042.51$12,610
Mar 19981,0006812.802.31$12,957
Feb 19984858213.952.30$6,954
Jan 19981,3407614.702.15$19,862
Dec 19977547616.322.41$12,489
Nov 19979627518.193.09$17,730
Oct 19974717119.253.15$9,290
Sep 19971,3788417.742.95$24,694
Aug 199748025217.862.55$9,217
Jul 19971,38529317.582.25$25,007
Jun 199747715917.242.26$8,582
May 199795115818.972.31$18,405
Apr 19971,23812417.882.08$22,394
Mar 199795516618.951.94$18,419
Feb 199786821820.492.21$18,266
Jan 199784018023.483.54$20,360
Dec 199695616823.32$22,294
Nov 199690918321.97$19,971
Oct 199686318823.31$20,117
Sep 199695123622.22$21,131
Aug 199694923320.26$19,227
Jul 199688925719.55$17,380
Jun 199695429518.73$17,868
May 199695723519.43$18,595
Apr 199691723721.51$19,725
Mar 199688118419.38$17,074
Feb 19961,29819516.98$22,040
Jan 199695419117.07$16,285
Dec 199595316417.19$16,382
Nov 199573217816.00$11,712
Oct 199595216615.43$14,689
Sep 199593517516.18$15,128
Aug 19951,43017415.92$22,766
Jul 199595533615.24$14,554
Jun 199593426716.41$15,327
May 199594621517.56$16,612
Apr 199596211517.73$17,056
Mar 199596416516.44$15,848
Feb 199596814116.58$16,049
Jan 19951,43415715.92$22,829
Dec 199495120215.03$14,294
Nov 199496319815.90$15,312
Oct 199496423615.58$15,019
Sep 199494424015.29$14,434
Aug 199495222416.13$15,356
Jul 19941,37324017.56$24,110
Jun 199494828817.09$16,201
May 199495320315.88$15,134
Apr 199496221114.14$13,603
Mar 19941,39221412.46$17,344
Feb 199496417512.50$12,050
Jan 199496215612.66$12,179
Dec 19931,41715212.33$17,472
Nov 199387018314.49$12,606
Oct 199395222015.85$15,089
Sep 19931,33723915.03$20,095
Aug 199393424015.66$14,626
Jul 199395635015.46$14,780
Jun 19931,43036016.79$24,010
May 199394932717.68$16,778
Apr 199395727318.05$17,274
Mar 19931,32325318.14$23,999
Feb 199395120217.90$17,023
Jan 199395419416.93$16,151

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                  255 bbl  × $106.41 =    $27,135
Casinghead gas         1 Mcf  × $  3.05 =         $3

────────────────────────────────────────────────────
Month total                                  $27,138

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/12602 is the state's own key, not one this site invented.