OLDS OIL UNIT #1

Name: OLDS OIL UNIT #1 lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SHENANDOAH PETROLEUM CORPORATION (P-5 775563) in the OLDS (DELAWARE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 15679District 08Field 67074500OilCasinghead gasSave Export

Value, all time

$39 k

Jan 1993 – May 2017

Value, last 12 filed months

$6 k

at the published price for each month

Months reported

293

no gaps in the span

Streams

oil, casinghead gas

The OLDS (DELAWARE) 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 21 leases and 46 wells, and the rule below applies to all of them.

Discovered

1958-01-10

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 40 acres.

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	2,118 bbl	$38,926
Casinghead gas	Production	1,741 Mcf	$554
Total			$39,480

1,502 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 (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 31.8409, -103.8942. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.84095, -103.89417 · 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

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

3,229 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

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 3,229 ft.

Plug dates filed

Nov 2009

1 of 1 wells

1 well


42-38900736	1	3,229 ft	—	Nov 2009	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 (293)

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

293 months


May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	111	0	50.45	2.95	$5,600
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
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	0	0	86.95	3.62	$0
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	0	0	85.13	3.02	$0
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	0	0	98.09	2.73	$0
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	0	0	83.40	4.15	$0
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	0	0	96.36	4.06	$0
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	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
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	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
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	0	0	42.14	4.06	$0
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	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
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	0	0	25.96	3.16	$0
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	11	0	17.17	2.38	$189
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	52	0	24.68	5.34	$1,283
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	28	0	27.26	3.68	$763
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	0	0	28.42	2.86	$0
Feb 2000	56	0	27.62	2.73	$1,547
Jan 2000	0	3	25.27	2.48	$7
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	52	0	23.19	2.43	$1,206
Oct 1999	0	0	20.98	2.80	$0
Sep 1999	56	0	21.75	2.62	$1,218
Aug 1999	0	0	19.26	2.88	$0
Jul 1999	0	5	17.89	2.37	$12
Jun 1999	52	6	15.94	2.36	$843
May 1999	0	7	15.79	2.32	$16
Apr 1999	54	7	15.10	2.21	$831
Mar 1999	0	7	12.47	1.84	$13
Feb 1999	53	6	9.98	1.82	$540
Jan 1999	0	7	10.38	1.90	$13
Dec 1998	55	8	9.20	1.77	$520
Nov 1998	0	7	10.89	2.19	$15
Oct 1998	58	7	12.42	1.97	$734
Sep 1998	0	8	12.59	2.08	$17
Aug 1998	0	8	11.30	1.91	$15
Jul 1998	51	8	11.74	2.24	$617
Jun 1998	0	7	11.24	2.24	$16
May 1998	52	7	12.62	2.21	$672
Apr 1998	55	8	13.04	2.51	$737
Mar 1998	0	7	12.80	2.31	$16
Feb 1998	56	8	13.95	2.30	$800
Jan 1998	44	8	14.70	2.15	$664
Dec 1997	0	7	16.32	2.41	$17
Nov 1997	44	8	18.19	3.09	$825
Oct 1997	42	8	19.25	3.15	$834
Sep 1997	0	9	17.74	2.95	$27
Aug 1997	42	9	17.86	2.55	$773
Jul 1997	0	9	17.58	2.25	$20
Jun 1997	43	9	17.24	2.26	$762
May 1997	0	9	18.97	2.31	$21
Apr 1997	0	8	17.88	2.08	$17
Mar 1997	0	9	18.95	1.94	$17
Feb 1997	0	7	20.49	2.21	$15
Jan 1997	0	8	23.48	3.54	$28
Dec 1996	0	9	23.32	—	$0
Nov 1996	0	9	21.97	—	$0
Oct 1996	0	10	23.31	—	$0
Sep 1996	44	10	22.22	—	$978
Aug 1996	0	11	20.26	—	$0
Jul 1996	0	14	19.55	—	$0
Jun 1996	0	9	18.73	—	$0
May 1996	0	13	19.43	—	$0
Apr 1996	44	21	21.51	—	$946
Mar 1996	0	23	19.38	—	$0
Feb 1996	0	19	16.98	—	$0
Jan 1996	0	23	17.07	—	$0
Dec 1995	0	22	17.19	—	$0
Nov 1995	0	22	16.00	—	$0
Oct 1995	0	28	15.43	—	$0
Sep 1995	0	28	16.18	—	$0
Aug 1995	44	33	15.92	—	$700
Jul 1995	39	35	15.24	—	$594
Jun 1995	0	37	16.41	—	$0
May 1995	44	28	17.56	—	$773
Apr 1995	0	27	17.73	—	$0
Mar 1995	47	33	16.44	—	$773
Feb 1995	0	30	16.58	—	$0
Jan 1995	46	32	15.92	—	$732
Dec 1994	0	36	15.03	—	$0
Nov 1994	48	36	15.90	—	$763
Oct 1994	45	42	15.58	—	$701
Sep 1994	0	47	15.29	—	$0
Aug 1994	44	42	16.13	—	$710
Jul 1994	0	43	17.56	—	$0
Jun 1994	33	38	17.09	—	$564
May 1994	42	43	15.88	—	$667
Apr 1994	38	48	14.14	—	$537
Mar 1994	0	53	12.46	—	$0
Feb 1994	44	57	12.50	—	$550
Jan 1994	0	47	12.66	—	$0
Dec 1993	44	67	12.33	—	$543
Nov 1993	46	31	14.49	—	$667
Oct 1993	44	45	15.85	—	$697
Sep 1993	46	51	15.03	—	$691
Aug 1993	0	62	15.66	—	$0
Jul 1993	43	59	15.46	—	$665
Jun 1993	45	57	16.79	—	$756
May 1993	0	60	17.68	—	$0
Apr 1993	44	9	18.05	—	$794
Mar 1993	46	1	18.14	—	$834
Feb 1993	45	1	17.90	—	$806
Jan 1993	46	1	16.93	—	$779

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.

Feb 2017 — as filed, then multipliedworked

Oil                  111 bbl  × $ 50.45 =     $5,600
Casinghead gas         0 Mcf  × $  2.95 =         $0

────────────────────────────────────────────────────
Month total                                   $5,600

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/15679 is the state's own key, not one this site invented.