PRIEST -A-

Operated by BC OPERATING, INC. (P-5 58893) 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 15501District 08Field 73167500Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$384 k
Jan 1993 – Mar 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
183
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 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.

StreamBasisVolumeValue
OilDisposition15,198 bbl$383,527
Casinghead gasProduction24 Mcf$0
Total$383,527

24 Mcf of this lease's gas, across 24 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 30.8130, -102.1549. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.81303, -102.15487 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
2,180 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

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 2,180 ft.

Completions filed
Jan 2010
1 of 1 wells

1 well

42-3710020012,180 ftJan 2010

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 (183)

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

183 months

Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 2006327054.207.62$17,723
Oct 20060054.906.01$0
Sep 2006172060.085.04$10,334
Aug 2006167068.717.34$11,475
Jul 20068069.376.34$555
Jun 20064066.286.38$265
May 200618066.016.42$1,188
Apr 20062064.397.36$129
Mar 20061056.707.08$57
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 2005158054.6910.59$8,641
Oct 20050058.3413.80$0
Sep 2005165061.4512.08$10,139
Aug 2005169061.519.80$10,395
Jul 20052055.697.84$111
Jun 20050052.337.38$0
May 2005176045.226.65$7,959
Apr 20050049.207.36$0
Mar 2005169050.377.15$8,513
Feb 20050045.226.31$0
Jan 2005172043.166.32$7,424
Dec 2004180039.866.75$7,175
Nov 20040045.286.33$0
Oct 2004158049.706.52$7,853
Sep 20040043.245.28$0
Aug 2004153042.375.55$6,483
Jul 2004185038.286.08$7,082
Jun 20040036.106.43$0
May 2004170037.486.49$6,372
Apr 2004175034.475.86$6,032
Mar 20040034.365.53$0
Feb 2004176032.455.51$5,711
Jan 2004161032.036.30$5,157
Dec 2003156030.266.30$4,721
Nov 20030028.804.60$0
Oct 2003160028.174.76$4,507
Sep 2003182026.314.75$4,788
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 2003170028.565.98$4,855
May 200378026.595.97$2,074
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 2002167026.914.85$4,494
Nov 2002163024.664.14$4,020
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 2002162025.963.16$4,206
Jul 20023024.583.06$74
Jun 2002165023.733.34$3,915
May 20029024.663.58$222
Apr 2002176023.653.51$4,162
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 2001162016.932.36$2,743
Nov 20017018.072.41$126
Oct 20010019.782.53$0
Sep 20014024.262.25$97
Aug 2001166024.873.05$4,128
Jul 20011023.933.20$24
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 2001184024.685.34$4,541
Mar 20013024.545.38$74
Feb 2001186027.755.77$5,162
Jan 20010027.478.40$0
Dec 2000188026.889.12$5,053
Nov 20000032.215.66$0
Oct 2000178031.235.15$5,559
Sep 20000031.875.19$0
Aug 2000184029.644.54$5,454
Jul 2000166028.534.09$4,736
Jun 20000029.304.40$0
May 2000172027.263.68$4,689
Apr 20000024.513.12$0
Mar 2000187028.422.86$5,315
Feb 20002027.622.73$55
Jan 2000189025.272.48$4,776
Dec 19990024.282.42$0
Nov 1999178023.192.43$4,128
Oct 1999185020.982.80$3,881
Sep 19991021.752.62$22
Aug 1999183019.262.88$3,525
Jul 19991017.892.37$18
Jun 1999183015.942.36$2,917
May 19990015.792.32$0
Apr 1999168015.102.21$2,537
Mar 19990012.471.84$0
Feb 199919309.981.82$1,926
Jan 19990010.381.90$0
Dec 199818909.201.77$1,739
Nov 19980010.892.19$0
Oct 1998180012.421.97$2,236
Sep 1998176012.592.08$2,216
Aug 19980011.301.91$0
Jul 1998184011.742.24$2,160
Jun 19980011.242.24$0
May 1998180012.622.21$2,272
Apr 19980013.042.51$0
Mar 1998186012.802.31$2,381
Feb 19980013.952.30$0
Jan 1998177014.702.15$2,602
Dec 1997183016.322.41$2,987
Nov 19970018.193.09$0
Oct 1997186019.253.15$3,581
Sep 19970017.742.95$0
Aug 1997167017.862.55$2,983
Jul 1997181017.582.25$3,182
Jun 19970017.242.26$0
May 1997180018.972.31$3,415
Apr 19970017.882.08$0
Mar 1997175018.951.94$3,316
Feb 19970020.492.21$0
Jan 1997187023.483.54$4,391
Dec 1996187023.32$4,361
Nov 19960021.97$0
Oct 1996167023.31$3,893
Sep 19960022.22$0
Aug 1996167020.26$3,383
Jul 19960019.55$0
Jun 1996165018.73$3,090
May 1996178019.43$3,459
Apr 19960021.51$0
Mar 1996163019.38$3,159
Feb 1996155016.98$2,632
Jan 19960017.07$0
Dec 1995165017.19$2,836
Nov 19950016.00$0
Oct 1995170015.43$2,623
Sep 1995160016.18$2,589
Aug 1995166015.92$2,643
Jul 19950015.24$0
Jun 1995167016.41$2,740
May 19950117.56$0
Apr 1995167117.73$2,961
Mar 1995165116.44$2,713
Feb 19950016.58$0
Jan 1995162015.92$2,579
Dec 19940015.03$0
Nov 1994158015.90$2,512
Oct 1994165015.58$2,571
Sep 19940115.29$0
Aug 1994156116.13$2,516
Jul 19940117.56$0
Jun 1994148117.09$2,529
May 1994158115.88$2,509
Apr 1994151114.14$2,135
Mar 19940112.46$0
Feb 1994170112.50$2,125
Jan 1994162112.66$2,051
Dec 19930112.33$0
Nov 1993165114.49$2,391
Oct 1993165115.85$2,615
Sep 19930115.03$0
Aug 1993171115.66$2,678
Jul 1993160115.46$2,474
Jun 19930116.79$0
May 1993172117.68$3,041
Apr 1993164118.05$2,960
Mar 19930118.14$0
Feb 1993168117.90$3,007
Jan 19930116.93$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.

Nov 2006 — as filed, then multipliedworked
Oil                  327 bbl  × $ 54.20 =    $17,723
Casinghead gas         0 Mcf  × $  7.62 =         $0

────────────────────────────────────────────────────
Month total                                  $17,723

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/15501 is the state's own key, not one this site invented.