MIDLAND FARMS -AV-

Name: MIDLAND FARMS -AV- lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by APACHE CORPORATION (P-5 27200) in the FASKEN (PENN.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 20818District 08Field 30394500NGPA filingOilCasinghead gasSave Export

Value, all time

$378 k

Jan 1993 – Jun 2007

Value, last 12 filed months

$6 k

at the published price for each month

Months reported

174

no gaps in the span

Streams

oil, casinghead gas

The FASKEN (PENN.) 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 38 leases and 106 wells, and the rule below applies to all of them.

Discovered

1956-02-13

as the register files it

Field class

Oil and gas

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 field rule took effect on 1994-03-01.

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA EFFECTIVE 03/01/94.”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	2	none	—	—

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.

Stream	Basis	Volume	Value
Oil	Disposition	14,837 bbl	$306,274
Casinghead gas	Production	31,636 Mcf	$71,513
Total			$377,786

10,623 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 32.0677, -102.4726. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

32.06778, -102.47098 · 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%

5 of 5 wells

With a plug date

100.0%

5 of 5 wells

Median depth

10,550 ft

5 wells filed one

Completion to plug

22.3 years

median over 4 wells

What the state filed about each well

On the RRC proration schedule

5100.0%

A plug date is filed

5100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

5100.0%

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

Between 10,500 and 10,698 ft, median 10,550 ft, over the 5 wells that filed a depth.

Completions filed

Jul 1976 – Sep 1984

4 of 5 wells; 1 filed none

Plug dates filed

Aug 1988 – Apr 2007

5 of 5 wells

Last completion to plug: a median of 22.3 years across the 4 wells that filed both dates, with the middle half between 17.6 years and 24.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells


42-13520003	1	10,698 ft	—	Apr 2007	Yes
42-13534594	6	10,520 ft	Sep 1984	Apr 2007	Yes
42-13533278	5	10,550 ft	Sep 1983	Aug 1988	Yes
42-13531217	2	10,500 ft	Nov 1982	Sep 2004	Yes
42-13531907	3	10,625 ft	Jul 1976	Apr 2007	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 (174)

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

174 months


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	8	0	56.65	6.92	$453
Nov 2006	15	6	54.20	7.62	$859
Oct 2006	37	34	54.90	6.01	$2,236
Sep 2006	20	33	60.08	5.04	$1,368
Aug 2006	7	37	68.71	7.34	$753
Jul 2006	7	19	69.37	6.34	$606
Jun 2006	32	21	66.28	6.38	$2,255
May 2006	37	0	66.01	6.42	$2,442
Apr 2006	29	23	64.39	7.36	$2,037
Mar 2006	42	27	56.70	7.08	$2,573
Feb 2006	21	40	57.59	7.75	$1,519
Jan 2006	40	41	60.59	8.93	$2,790
Dec 2005	29	38	54.94	13.42	$2,103
Nov 2005	27	24	54.69	10.59	$1,731
Oct 2005	29	11	58.34	13.80	$1,844
Sep 2005	30	12	61.45	12.08	$1,988
Aug 2005	42	6	61.51	9.80	$2,642
Jul 2005	22	7	55.69	7.84	$1,280
Jun 2005	34	59	52.33	7.38	$2,215
May 2005	18	14	45.22	6.65	$907
Apr 2005	16	3	49.20	7.36	$809
Mar 2005	25	8	50.37	7.15	$1,316
Feb 2005	7	3	45.22	6.31	$335
Jan 2005	28	17	43.16	6.32	$1,316
Dec 2004	23	17	39.86	6.75	$1,032
Nov 2004	34	16	45.28	6.33	$1,641
Oct 2004	12	3	49.70	6.52	$616
Sep 2004	3	4	43.24	5.28	$151
Aug 2004	26	1	42.37	5.55	$1,107
Jul 2004	63	33	38.28	6.08	$2,612
Jun 2004	75	179	36.10	6.43	$3,859
May 2004	45	77	37.48	6.49	$2,187
Apr 2004	38	169	34.47	5.86	$2,300
Mar 2004	41	173	34.36	5.53	$2,365
Feb 2004	45	158	32.45	5.51	$2,331
Jan 2004	27	217	32.03	6.30	$2,232
Dec 2003	35	221	30.26	6.30	$2,452
Nov 2003	38	206	28.80	4.60	$2,041
Oct 2003	26	219	28.17	4.76	$1,775
Sep 2003	36	203	26.31	4.75	$1,911
Aug 2003	38	154	29.76	5.13	$1,921
Jul 2003	33	196	29.41	5.17	$1,984
Jun 2003	32	171	28.56	5.98	$1,937
May 2003	21	177	26.59	5.97	$1,616
Apr 2003	31	173	26.67	5.41	$1,762
Mar 2003	30	175	31.14	6.10	$2,001
Feb 2003	31	145	33.48	7.93	$2,187
Jan 2003	35	144	30.31	5.58	$1,865
Dec 2002	36	201	26.91	4.85	$1,944
Nov 2002	58	188	24.66	4.14	$2,208
Oct 2002	57	219	26.46	4.23	$2,434
Sep 2002	57	221	27.44	3.64	$2,367
Aug 2002	53	200	25.96	3.16	$2,009
Jul 2002	37	74	24.58	3.06	$1,136
Jun 2002	26	162	23.73	3.34	$1,158
May 2002	30	81	24.66	3.58	$1,030
Apr 2002	30	148	23.65	3.51	$1,229
Mar 2002	38	168	22.00	3.10	$1,357
Feb 2002	76	165	18.22	2.38	$1,777
Jan 2002	61	151	17.17	2.38	$1,406
Dec 2001	66	149	16.93	2.36	$1,470
Nov 2001	100	142	18.07	2.41	$2,149
Oct 2001	71	190	19.78	2.53	$1,885
Sep 2001	60	112	24.26	2.25	$1,708
Aug 2001	93	148	24.87	3.05	$2,765
Jul 2001	110	153	23.93	3.20	$3,121
Jun 2001	80	135	24.56	3.82	$2,481
May 2001	76	147	25.52	4.31	$2,573
Apr 2001	93	82	24.68	5.34	$2,733
Mar 2001	83	89	24.54	5.38	$2,515
Feb 2001	100	120	27.75	5.77	$3,467
Jan 2001	74	140	27.47	8.40	$3,209
Dec 2000	94	129	26.88	9.12	$3,704
Nov 2000	94	112	32.21	5.66	$3,661
Oct 2000	88	146	31.23	5.15	$3,499
Sep 2000	89	118	31.87	5.19	$3,448
Aug 2000	78	252	29.64	4.54	$3,456
Jul 2000	83	237	28.53	4.09	$3,337
Jun 2000	89	197	29.30	4.40	$3,474
May 2000	64	169	27.26	3.68	$2,367
Apr 2000	84	130	24.51	3.12	$2,464
Mar 2000	84	154	28.42	2.86	$2,828
Feb 2000	59	124	27.62	2.73	$1,968
Jan 2000	110	206	25.27	2.48	$3,291
Dec 1999	92	381	24.28	2.42	$3,157
Nov 1999	97	268	23.19	2.43	$2,902
Oct 1999	98	230	20.98	2.80	$2,701
Sep 1999	108	478	21.75	2.62	$3,601
Aug 1999	113	537	19.26	2.88	$3,721
Jul 1999	99	123	17.89	2.37	$2,063
Jun 1999	137	504	15.94	2.36	$3,374
May 1999	91	170	15.79	2.32	$1,831
Apr 1999	96	172	15.10	2.21	$1,829
Mar 1999	96	169	12.47	1.84	$1,508
Feb 1999	109	247	9.98	1.82	$1,537
Jan 1999	66	231	10.38	1.90	$1,124
Dec 1998	98	219	9.20	1.77	$1,290
Nov 1998	84	392	10.89	2.19	$1,772
Oct 1998	112	618	12.42	1.97	$2,608
Sep 1998	103	653	12.59	2.08	$2,657
Aug 1998	131	609	11.30	1.91	$2,642
Jul 1998	100	386	11.74	2.24	$2,038
Jun 1998	73	650	11.24	2.24	$2,275
May 1998	143	445	12.62	2.21	$2,786
Apr 1998	125	483	13.04	2.51	$2,840
Mar 1998	105	255	12.80	2.31	$1,933
Feb 1998	107	247	13.95	2.30	$2,061
Jan 1998	159	287	14.70	2.15	$2,956
Dec 1997	145	278	16.32	2.41	$3,037
Nov 1997	239	347	18.19	3.09	$5,419
Oct 1997	165	251	19.25	3.15	$3,967
Sep 1997	133	313	17.74	2.95	$3,284
Aug 1997	131	287	17.86	2.55	$3,073
Jul 1997	78	153	17.58	2.25	$1,715
Jun 1997	72	186	17.24	2.26	$1,661
May 1997	76	242	18.97	2.31	$2,000
Apr 1997	121	267	17.88	2.08	$2,720
Mar 1997	142	303	18.95	1.94	$3,278
Feb 1997	165	197	20.49	2.21	$3,815
Jan 1997	185	162	23.48	3.54	$4,917
Dec 1996	371	220	23.32	—	$8,652
Nov 1996	107	88	21.97	—	$2,351
Oct 1996	32	24	23.31	—	$746
Sep 1996	1	17	22.22	—	$22
Aug 1996	3	29	20.26	—	$61
Jul 1996	2	72	19.55	—	$39
Jun 1996	16	63	18.73	—	$300
May 1996	30	132	19.43	—	$583
Apr 1996	46	194	21.51	—	$989
Mar 1996	57	171	19.38	—	$1,105
Feb 1996	47	174	16.98	—	$798
Jan 1996	54	151	17.07	—	$922
Dec 1995	123	229	17.19	—	$2,114
Nov 1995	170	304	16.00	—	$2,720
Oct 1995	214	320	15.43	—	$3,302
Sep 1995	78	250	16.18	—	$1,262
Aug 1995	60	237	15.92	—	$955
Jul 1995	96	253	15.24	—	$1,463
Jun 1995	69	493	16.41	—	$1,132
May 1995	128	573	17.56	—	$2,248
Apr 1995	42	320	17.73	—	$745
Mar 1995	49	235	16.44	—	$806
Feb 1995	100	132	16.58	—	$1,658
Jan 1995	131	178	15.92	—	$2,086
Dec 1994	148	507	15.03	—	$2,224
Nov 1994	164	404	15.90	—	$2,608
Oct 1994	186	522	15.58	—	$2,898
Sep 1994	204	546	15.29	—	$3,119
Aug 1994	204	609	16.13	—	$3,291
Jul 1994	194	570	17.56	—	$3,407
Jun 1994	159	156	17.09	—	$2,717
May 1994	166	39	15.88	—	$2,636
Apr 1994	197	8	14.14	—	$2,786
Mar 1994	185	1	12.46	—	$2,305
Feb 1994	151	3	12.50	—	$1,888
Jan 1994	181	15	12.66	—	$2,291
Dec 1993	175	15	12.33	—	$2,158
Nov 1993	166	37	14.49	—	$2,405
Oct 1993	158	42	15.85	—	$2,504
Sep 1993	188	28	15.03	—	$2,826
Aug 1993	170	130	15.66	—	$2,662
Jul 1993	223	125	15.46	—	$3,448
Jun 1993	185	129	16.79	—	$3,106
May 1993	233	96	17.68	—	$4,119
Apr 1993	227	99	18.05	—	$4,097
Mar 1993	247	61	18.14	—	$4,481
Feb 1993	231	138	17.90	—	$4,135
Jan 1993	274	1,484	16.93	—	$4,639

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.

Dec 2006 — as filed, then multipliedworked

Oil                    8 bbl  × $ 56.65 =       $453
Casinghead gas         0 Mcf  × $  6.92 =         $0

────────────────────────────────────────────────────
Month total                                     $453

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/20818 is the state's own key, not one this site invented.