SEALY & SMITH FOUNDATION, THE

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

Oil lease lease 20042District 08Field 68495666NGPA filingOilCasinghead gasSaveExport
Value, all time
$3.4 M
Jan 1993 – May 2026
Value, last 12 filed months
$86 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 9 leases and 10 wells, and the rule below applies to all of them.

Discovered
1965-11-22
as the register files it
Field class
Oil
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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
OilDisposition65,867 bbl$2,456,810
Casinghead gasProduction297,983 Mcf$971,778
Total$3,428,587

64,078 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 (2)

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 31.7212, -102.8850. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.72124, -102.88501 · 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
50.0%
1 of 2 wells
With a plug date
50.0%
1 of 2 wells
Median depth
9,200 ft
2 wells filed one
Completion to plug
8 months
median over 1 well

What the state filed about each well

On the RRC proration schedule
150.0%
A plug date is filed
150.0%
BothOn the schedule and plugged. Neither fact cancels the other.
150.0%
NeitherNo plug date, and not on the schedule.
150.0%

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 9,000 and 9,400 ft, median 9,200 ft, over the 2 wells that filed a depth.

Completions filed
Oct 1977 – Sep 2008
2 of 2 wells
Plug dates filed
May 2009
1 of 2 wells; 1 filed none

Last completion to plug: a median of 8 months across the 1 well that filed both dates, with the middle half between 8 months and 8 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-4950044519,000 ftSep 2008May 2009Yes
42-4953088029,400 ftOct 1977

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 2026175465106.413.05$20,038
Apr 2026051098.932.87$1,464
Mar 2026052789.753.15$1,660
Feb 202618547663.503.75$13,533
Jan 2026052759.138.00$4,215
Dec 202517152756.664.41$12,015
Nov 2025051058.593.93$2,002
Oct 2025052759.383.30$1,742
Sep 202517351062.743.08$12,423
Aug 2025052763.933.01$1,589
Jul 2025052766.743.32$1,747
Jun 202517551066.483.13$13,230
May 2025052760.553.23$1,703
Apr 2025851062.363.54$2,306
Mar 20258852767.704.27$8,207
Feb 202517547670.884.34$14,470
Jan 2025052774.324.28$2,255
Dec 202417452768.993.12$13,649
Nov 2024051069.052.20$1,121
Oct 2024052771.372.28$1,202
Sep 202414451069.612.36$11,230
Aug 2024052775.632.06$1,088
Jul 202417952779.932.15$15,439
Jun 2024051078.082.63$1,343
May 202418052778.812.20$15,344
Apr 2024051084.451.66$846
Mar 202417152780.301.55$14,546
Feb 2024043576.091.78$776
Jan 2024046573.023.30$1,533
Dec 202317546571.262.61$13,684
Nov 2023045077.892.81$1,263
Oct 2023046585.443.09$1,436
Sep 202318945089.042.74$18,059
Aug 2023052780.522.67$1,409
Jul 202317352774.852.64$14,341
Jun 2023051068.962.26$1,152
May 2023052770.622.23$1,174
Apr 202316551078.122.24$14,031
Mar 2023052772.852.39$1,261
Feb 202317647675.112.47$14,393
Jan 2023052776.533.39$1,785
Dec 2022052776.415.73$3,019
Nov 202216551085.005.65$16,905
Oct 2022052787.185.86$3,090
Sep 202217251084.888.16$18,763
Aug 2022052794.529.13$4,810
Jul 20220527101.587.54$3,975
Jun 2022171510115.097.98$23,749
May 20220221109.378.43$1,864
Apr 2022179510104.226.84$22,143
Mar 20220527108.885.08$2,675
Feb 202217747691.054.86$18,429
Jan 2022051081.844.54$2,314
Dec 2021052771.323.90$2,055
Nov 202117051077.435.24$15,834
Oct 2021040879.795.71$2,331
Sep 2021031869.865.35$1,702
Aug 202116552466.024.22$13,105
Jul 2021051670.783.98$2,055
Jun 2021050069.493.38$1,690
May 202117451863.483.02$12,609
Apr 2021049260.362.76$1,357
Mar 202118250261.302.72$12,521
Feb 2021018657.805.55$1,032
Jan 2021038950.412.81$1,093
Dec 202015437844.642.68$7,886
Nov 2020044238.772.71$1,196
Oct 202018444036.972.48$7,893
Sep 2020048037.091.99$956
Aug 202018143439.982.39$8,272
Jul 2020047938.371.83$874
Jun 202018046834.901.69$7,073
May 2020035516.921.81$644
Apr 2020035614.751.80$642
Mar 202016939430.341.86$5,859
Feb 2020043549.881.98$862
Jan 202017238457.252.09$10,651
Dec 2019037259.012.30$857
Nov 201918239255.302.75$11,143
Oct 2019044353.472.42$1,071
Sep 201918149555.052.66$11,279
Aug 2019050453.112.30$1,161
Jul 2019051556.272.46$1,267
Jun 201918049452.782.49$10,731
May 2019050758.482.74$1,389
Apr 201916547162.632.75$11,630
Mar 201917050156.803.06$11,190
Feb 2019041150.852.79$1,148
Jan 2019052946.033.23$1,708
Dec 201816136546.594.19$9,029
Nov 201816133152.934.24$9,924
Oct 2018050061.443.40$1,699
Sep 2018052959.543.11$1,644
Aug 2018054359.403.07$1,665
Jul 201833854565.142.93$23,615
Jun 2018051760.183.08$1,591
May 2018053865.382.90$1,561
Apr 2018046463.842.90$1,346
Mar 201814246761.222.79$9,995
Feb 201816644861.782.77$11,495
Jan 2018051362.874.01$2,057
Dec 201717351157.272.92$11,401
Nov 2017049255.423.12$1,534
Oct 201717352049.292.98$10,079
Sep 2017051647.523.09$1,593
Aug 201716953745.373.00$9,281
Jul 201717454443.873.09$9,313
Jun 2017050842.493.09$1,568
May 201717555045.373.26$9,735
Apr 2017060247.933.21$1,933
Mar 2017018946.772.98$564
Feb 201717349050.452.95$10,175
Jan 2017054149.413.42$1,850
Dec 2016053448.763.72$1,988
Nov 201617753142.492.64$8,925
Oct 2016054246.193.09$1,675
Sep 201617251241.553.10$8,734
Aug 2016053141.442.92$1,553
Jul 201617957941.622.92$9,143
Jun 2016052145.352.69$1,399
May 201618152042.521.99$8,731
Apr 2016054036.561.99$1,075
Mar 201617050433.011.79$6,516
Feb 201616746426.472.06$5,378
Jan 2016049627.352.36$1,173
Dec 2015047332.362.00$947
Nov 201513549138.792.17$6,301
Oct 201517151343.552.43$8,692
Sep 2015051842.992.76$1,429
Aug 201516356440.162.87$8,166
Jul 2015056348.152.95$1,658
Jun 201517155656.152.88$11,205
May 2015057755.212.96$1,705
Apr 201515665249.822.71$9,537
Mar 201532666842.892.93$15,943
Feb 2015051144.662.98$1,521
Jan 201517256543.433.10$9,222
Dec 2014055754.693.59$2,000
Nov 2014055470.464.25$2,356
Oct 201419553378.303.90$17,348
Sep 2014054586.164.05$2,205
Aug 201417356989.394.04$17,760
Jul 2014057296.564.18$2,391
Jun 2014056698.164.74$2,681
May 201417457894.734.73$19,215
Apr 2014056695.944.81$2,722
Mar 2014056195.895.06$2,837
Feb 201419441097.406.19$21,434
Jan 201417556490.404.86$18,561
Dec 2013014091.824.35$610
Nov 201319441588.853.74$18,788
Oct 2013052697.423.78$1,988
Sep 2013174456104.113.72$19,810
Aug 20130549104.253.52$1,934
Jul 2013174515102.523.72$19,753
Jun 2013050194.403.93$1,971
May 2013052894.834.15$2,191
Apr 201316552793.964.28$17,760
Mar 201318053893.623.91$18,957
Feb 201317649391.233.42$17,743
Jan 2013047791.603.42$1,631
Dec 2012053686.773.42$1,833
Nov 2012047886.953.62$1,733
Oct 201217339889.383.40$16,816
Sep 201217449894.672.92$17,926
Aug 2012051192.662.91$1,486
Jul 201216824985.133.02$15,054
Jun 2012044779.822.52$1,126
May 201217946991.612.49$17,565
Apr 20120498101.652.00$994
Mar 2012349462105.052.22$37,689
Feb 20120409101.102.57$1,051
Jan 201216028898.092.73$16,482
Dec 2011046096.873.24$1,490
Nov 2011049395.723.31$1,632
Oct 2011050984.983.65$1,857
Sep 201116451083.623.99$15,746
Aug 201116851683.404.15$16,152
Jul 2011054394.144.52$2,453
Jun 201117732292.904.64$17,937
May 201117444898.134.40$19,048
Apr 20110475105.964.33$2,058
Mar 2011054596.364.06$2,211
Feb 201116347585.644.18$15,945
Jan 201117454286.504.59$17,538
Dec 2010053785.734.35$2,335
Nov 201016752380.843.80$15,485
Oct 201016454478.103.51$14,717
Sep 2010053472.633.98$2,125
Aug 201017256073.684.42$15,148
Jul 2010055272.554.74$2,615
Jun 201016554370.364.91$14,276
May 201016955671.124.24$14,374
Apr 2010054081.694.12$2,226
Mar 201017455878.394.39$16,089
Feb 2010043573.585.44$2,367
Jan 201035152774.365.96$29,243
Dec 2009047471.445.48$2,599
Nov 2009050674.593.75$1,898
Oct 2009044372.544.11$1,821
Sep 200917947465.543.06$13,184
Aug 200917353567.423.22$13,386
Jul 200917356561.133.46$12,533
Jun 2009056166.163.90$2,185
May 200917557254.743.93$11,825
Apr 2009055046.773.59$1,973
Mar 200917839742.144.06$9,112
Feb 2009039432.814.63$1,825
Jan 200917642535.865.37$8,594
Dec 2008043337.105.98$2,588
Nov 200816548355.496.86$12,469
Oct 200817956975.246.92$17,407
Sep 20080494101.767.88$3,891
Aug 2008166580114.228.48$23,881
Jul 2008160583131.0811.39$27,613
Jun 2008175536131.3313.03$29,968
May 2008172593123.1711.57$28,049
Apr 20080575110.3110.45$6,012
Mar 20080584101.909.66$5,644
Feb 200816641392.538.77$18,982
Jan 200818055190.388.21$20,790
Dec 2007043688.337.30$3,184
Nov 2007053491.677.29$3,894
Oct 200719157682.856.92$19,811
Sep 200717955575.846.24$17,041
Aug 200717557569.066.39$15,759
Jul 2007058770.906.39$3,750
Jun 2007057862.007.55$4,363
May 200718558658.747.85$15,465
Apr 200718449259.617.81$14,808
Mar 200717859956.927.30$14,506
Feb 2007051555.108.22$4,231
Jan 200718155050.306.73$12,804
Dec 200618656056.656.92$14,411
Nov 2006036154.207.62$2,750
Oct 2006058954.906.01$3,542
Sep 200616758260.085.04$12,965
Aug 200617948468.717.34$15,852
Jul 2006061169.376.34$3,875
Jun 200618357866.286.38$15,819
May 200617560966.016.42$15,465
Apr 200617058164.397.36$15,223
Mar 200637756756.707.08$25,392
Feb 2006050657.597.75$3,922
Jan 2006059560.598.93$5,315
Dec 2005054454.9413.42$7,298
Nov 200536657954.6910.59$26,147
Oct 2005061458.3413.80$8,471
Sep 2005061261.4512.08$7,392
Aug 200536463061.519.80$28,562
Jul 2005062155.697.84$4,871
Jun 200537361352.337.38$24,044
May 2005075745.226.65$5,035
Apr 2005090249.207.36$6,639
Mar 200536591150.377.15$24,903
Feb 2005081245.226.31$5,125
Jan 2005090543.166.32$5,722
Dec 200435487839.866.75$20,038
Nov 2004059345.286.33$3,754
Oct 2004055949.706.52$3,642
Sep 200435362043.245.28$18,540
Aug 200434988242.375.55$19,683
Jul 2004097338.286.08$5,920
Jun 2004776336.106.43$5,161
May 200435792737.486.49$19,401
Apr 200401,09234.475.86$6,397
Mar 20043041,11134.365.53$16,589
Feb 20041851,04332.455.51$11,750
Jan 20043581,07432.036.30$18,233
Dec 20031891,11230.266.30$12,727
Nov 20033641,04728.804.60$15,294
Oct 20031801,15528.174.76$10,568
Sep 20033651,02126.314.75$14,452
Aug 200301,13629.765.13$5,827
Jul 20033241,19229.415.17$15,692
Jun 20031801,08828.565.98$11,650
May 20033291,12126.595.97$15,443
Apr 20031801,04326.675.41$10,440
Mar 20035091,08331.146.10$22,452
Feb 2003094733.487.93$7,506
Jan 20032901,04430.315.58$14,618
Dec 20023651,06926.914.85$15,011
Nov 20021821,05624.664.14$8,857
Oct 20023651,10726.464.23$14,340
Sep 20021831,09427.443.64$8,998
Aug 200218486325.963.16$7,507
Jul 20021871,01224.583.06$7,695
Jun 20023361,08323.733.34$11,589
May 20021831,13724.663.58$8,588
Apr 20023661,09823.653.51$12,512
Mar 20021791,08622.003.10$7,308
Feb 200236298018.222.38$8,924
Jan 20021831,10417.172.38$5,765
Dec 20013721,04916.932.36$8,778
Nov 200118297818.072.41$5,641
Oct 20011811,10119.782.53$6,364
Sep 20013321,07724.262.25$10,479
Aug 20011471,15624.873.05$7,185
Jul 20013521,18623.933.20$12,215
Jun 20011871,11424.563.82$8,853
May 20013491,08925.524.31$13,597
Apr 200118794624.685.34$9,662
Mar 200132588624.545.38$12,739
Feb 200138299727.755.77$16,350
Jan 20011921,05827.478.40$14,160
Dec 20001921,02426.889.12$14,502
Nov 20001921,11732.215.66$12,504
Oct 20003751,13531.235.15$17,551
Sep 20001841,08731.875.19$11,502
Aug 20005441,16729.644.54$21,423
Jul 20001771,02928.534.09$9,258
Jun 20001761,05829.304.40$9,809
May 200017891027.263.68$8,201
Apr 20001811,11024.513.12$7,895
Mar 20003031,04328.422.86$11,594
Feb 20005301,04927.622.73$17,499
Jan 200001,07325.272.48$2,662
Dec 19995371,10624.282.42$15,719
Nov 199901,11023.192.43$2,702
Oct 19993631,16220.982.80$10,874
Sep 19993601,16221.752.62$10,873
Aug 19991861,18119.262.88$6,978
Jul 19993211,16917.892.37$8,516
Jun 19993621,10115.942.36$8,371
May 19991811,14215.792.32$5,509
Apr 19993601,10715.102.21$7,880
Mar 19991871,14412.471.84$4,435
Feb 19993631,0439.981.82$5,519
Jan 19991801,13410.381.90$4,023
Dec 19983631,1379.201.77$5,356
Nov 19981821,16810.892.19$4,535
Oct 19983591,22212.421.97$6,865
Sep 19981811,12612.592.08$4,624
Aug 19983491,23111.301.91$6,292
Jul 19984661,19911.742.24$8,153
Jun 19983581,17011.242.24$6,642
May 199821,22412.622.21$2,726
Apr 19983191,14913.042.51$7,038
Mar 19984641,10312.802.31$8,487
Feb 19984421,05113.952.30$8,582
Jan 19984631,20314.702.15$9,398
Dec 199701,16116.322.41$2,799
Nov 19974441,21618.193.09$11,832
Oct 199743281819.253.15$10,893
Sep 19974221,12617.742.95$10,813
Aug 199701,41817.862.55$3,623
Jul 19974511,28017.582.25$10,805
Jun 19973461,11717.242.26$8,486
May 199701,24918.972.31$2,883
Apr 199743996617.882.08$9,861
Mar 19974301,11118.951.94$10,303
Feb 199743499020.492.21$11,077
Jan 199701,14223.483.54$4,042
Dec 199642754523.32$9,958
Nov 19964361,21621.97$9,579
Oct 19963661,27523.31$8,531
Sep 199601,26522.22$0
Aug 199639787920.26$8,043
Jul 199642488219.55$8,289
Jun 1996068318.73$0
May 199640089319.43$7,772
Apr 199642986921.51$9,228
Mar 199642990419.38$8,314
Feb 199642595316.98$7,217
Jan 1996079917.07$0
Dec 199540251117.19$6,910
Nov 19954341,26516.00$6,944
Oct 19954111,38215.43$6,342
Sep 19954281,39516.18$6,925
Aug 19954191,45015.92$6,670
Jul 199511,43915.24$15
Jun 19954501,25216.41$7,385
May 19954431,49217.56$7,779
Apr 19954711,51017.73$8,351
Mar 19954691,54016.44$7,710
Feb 199501,36316.58$0
Jan 19954321,44815.92$6,877
Dec 19944441,49215.03$6,673
Nov 19944471,47515.90$7,107
Oct 19944751,47515.58$7,401
Sep 19944521,48815.29$6,911
Aug 199401,48216.13$0
Jul 19944511,64417.56$7,920
Jun 19944701,59617.09$8,032
May 199446098715.88$7,305
Apr 19944451,55014.14$6,292
Mar 199401,61712.46$0
Feb 19944811,40212.50$6,013
Jan 19944591,53712.66$5,811
Dec 19934601,53112.33$5,672
Nov 19934481,52914.49$6,492
Oct 19934781,65215.85$7,576
Sep 199301,56715.03$0
Aug 19934571,72115.66$7,157
Jul 19939391,68815.46$14,517
Jun 199301,69916.79$0
May 19934821,46817.68$8,522
Apr 19934811,61118.05$8,682
Mar 19934391,65018.14$7,963
Feb 19934741,35317.90$8,485
Jan 19934661,65416.93$7,889

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                  175 bbl  × $106.41 =    $18,622
Casinghead gas       465 Mcf  × $  3.05 =     $1,416

────────────────────────────────────────────────────
Month total                                  $20,038

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/20042 is the state's own key, not one this site invented.