KING, J. M. -A-

Operated by BLUESTEM ENERGY HOLDINGS, LLC (P-5 76862) in the AZALEA (GRAYBURG) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 21408District 08Field 04605444Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$4.1 M
Jan 1993 – May 2013
Value, last 12 filed months
$182 k
at the published price for each month
Months reported
245
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 24 leases and 70 wells, and the rule below applies to all of them.

Discovered
1967-10-19
as the register files it
Field class
Oil
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 10 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: PRODUCTION.

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
OilDisposition104,109 bbl$4,110,738
Casinghead gasProduction35 Mcf$0
Total$4,110,738

35 Mcf of this lease's gas, across 35 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 31.9976, -101.9269. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.99755, -101.92694 · 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 2 wells
With a plug date
0.0%
0 of 2 wells
Median depth
4,180 ft
2 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.
2100.0%

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 4,170 and 4,190 ft, median 4,180 ft, over the 2 wells that filed a depth.

Completions filed
Dec 1969 – Jan 1970
2 of 2 wells

2 wells

42-3293003024,190 ftJan 1970
42-3293002814,170 ftDec 1969

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 (245)

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

245 months

May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 2012347089.383.40$31,015
Sep 2012318094.672.92$30,105
Aug 2012609092.662.91$56,430
Jul 2012164085.133.02$13,961
Jun 2012635079.822.52$50,686
May 2012308091.612.49$28,216
Apr 20123240101.652.00$32,935
Mar 20124640105.052.22$48,743
Feb 20122940101.102.57$29,723
Jan 2012291098.092.73$28,544
Dec 2011449096.873.24$43,495
Nov 2011286095.723.31$27,376
Oct 2011299084.983.65$25,409
Sep 2011309083.623.99$25,839
Aug 2011638083.404.15$53,209
Jul 2011298094.144.52$28,054
Jun 2011150092.904.64$13,935
May 2011305098.134.40$29,930
Apr 20111590105.964.33$16,848
Mar 2011294096.364.06$28,330
Feb 2011489085.644.18$41,878
Jan 2011225086.504.59$19,463
Dec 2010456085.734.35$39,093
Nov 2010124080.843.80$10,024
Oct 2010492078.103.51$38,425
Sep 2010254072.633.98$18,448
Aug 2010471073.684.42$34,703
Jul 2010465072.554.74$33,736
Jun 2010324070.364.91$22,797
May 2010484071.124.24$34,422
Apr 2010461081.694.12$37,659
Mar 2010505078.394.39$39,587
Feb 2010304073.585.44$22,368
Jan 2010379074.365.96$28,182
Dec 2009423071.445.48$30,219
Nov 2009302074.593.75$22,526
Oct 2009473072.544.11$34,311
Sep 2009511065.543.06$33,491
Aug 2009551067.423.22$37,148
Jul 2009632061.133.46$38,634
Jun 2009462066.163.90$30,566
May 2009542054.743.93$29,669
Apr 2009300046.773.59$14,031
Mar 2009580042.144.06$24,441
Feb 2009316032.814.63$10,368
Jan 2009322035.865.37$11,547
Dec 2008602037.105.98$22,334
Nov 2008318055.496.86$17,646
Oct 2008624075.246.92$46,950
Sep 20083180101.767.88$32,360
Aug 20084800114.228.48$54,826
Jul 20084800131.0811.39$62,918
Jun 20083070131.3313.03$40,318
May 20083030123.1711.57$37,321
Apr 20083030110.3110.45$33,424
Mar 20084280101.909.66$43,613
Feb 200894092.538.77$8,698
Jan 2008296090.388.21$26,752
Dec 2007407088.337.30$35,950
Nov 2007223091.677.29$20,442
Oct 2007307082.856.92$25,435
Sep 2007450075.846.24$34,128
Aug 2007322069.066.39$22,237
Jul 2007267070.906.39$18,930
Jun 2007325062.007.55$20,150
May 2007654058.747.85$38,416
Apr 2007163059.617.81$9,716
Mar 2007495056.927.30$28,175
Feb 2007444055.108.22$24,464
Jan 2007304050.306.73$15,291
Dec 2006649056.656.92$36,766
Nov 2006163054.207.62$8,835
Oct 2006486054.906.01$26,681
Sep 2006327060.085.04$19,646
Aug 2006284068.717.34$19,514
Jul 2006298069.376.34$20,672
Jun 2006164066.286.38$10,870
May 2006245066.016.42$16,172
Apr 2006503064.397.36$32,388
Mar 2006329056.707.08$18,654
Feb 2006424057.597.75$24,418
Jan 2006327060.598.93$19,813
Dec 2005239054.9413.42$13,131
Nov 2005470054.6910.59$25,704
Oct 2005453058.3413.80$26,428
Sep 2005592061.4512.08$36,378
Aug 2005644061.519.80$39,612
Jul 2005408055.697.84$22,722
Jun 2005472052.337.38$24,700
May 2005621045.226.65$28,082
Apr 2005483049.207.36$23,764
Mar 2005647050.377.15$32,589
Feb 2005510045.226.31$23,062
Jan 2005474043.166.32$20,458
Dec 2004331039.866.75$13,194
Nov 2004166045.286.33$7,516
Oct 2004653049.706.52$32,454
Sep 2004488043.245.28$21,101
Aug 2004319042.375.55$13,516
Jul 2004630038.286.08$24,116
Jun 2004327036.106.43$11,805
May 2004490037.486.49$18,365
Apr 2004454034.475.86$15,649
Mar 2004653034.365.53$22,437
Feb 2004310032.455.51$10,060
Jan 2004408032.036.30$13,068
Dec 2003486030.266.30$14,706
Nov 2003476028.804.60$13,709
Oct 2003243028.174.76$6,845
Sep 2003457026.314.75$12,024
Aug 2003486029.765.13$14,463
Jul 2003647029.415.17$19,028
Jun 2003479028.565.98$13,680
May 2003433026.595.97$11,513
Apr 2003426026.675.41$11,361
Mar 2003492031.146.10$15,321
Feb 2003482033.487.93$16,137
Jan 2003470030.315.58$14,246
Dec 2002493026.914.85$13,267
Nov 2002485024.664.14$11,960
Oct 2002491026.464.23$12,992
Sep 2002479027.443.64$13,144
Aug 2002489025.963.16$12,694
Jul 2002489024.583.06$12,020
Jun 2002327023.733.34$7,760
May 2002325024.663.58$8,015
Apr 2002627023.653.51$14,829
Mar 2002333022.003.10$7,326
Feb 2002329018.222.38$5,994
Jan 2002481017.172.38$8,259
Dec 2001574016.932.36$9,718
Nov 2001481018.072.41$8,692
Oct 2001320019.782.53$6,330
Sep 2001491024.262.25$11,912
Aug 2001320024.873.05$7,958
Jul 2001484023.933.20$11,582
Jun 2001325024.563.82$7,982
May 2001486025.524.31$12,403
Apr 2001645024.685.34$15,919
Mar 2001497024.545.38$12,196
Feb 2001305027.755.77$8,464
Jan 2001658027.478.40$18,075
Dec 2000496026.889.12$13,332
Nov 2000484032.215.66$15,590
Oct 2000492031.235.15$15,365
Sep 2000326031.875.19$10,390
Aug 2000448029.644.54$13,279
Jul 2000496028.534.09$14,151
Jun 2000657029.304.40$19,250
May 2000322027.263.68$8,778
Apr 2000312024.513.12$7,647
Mar 2000658028.422.86$18,700
Feb 2000328027.622.73$9,059
Jan 2000636025.272.48$16,072
Dec 1999470024.282.42$11,412
Nov 1999488023.192.43$11,317
Oct 1999469020.982.80$9,840
Sep 1999631021.752.62$13,724
Aug 1999441019.262.88$8,494
Jul 1999482017.892.37$8,623
Jun 1999488015.942.36$7,779
May 1999467015.792.32$7,374
Apr 1999487015.102.21$7,354
Mar 1999654012.471.84$8,155
Feb 199949009.981.82$4,890
Jan 1999655010.381.90$6,799
Dec 199832809.201.77$3,018
Nov 1998472010.892.19$5,140
Oct 1998656012.421.97$8,148
Sep 1998644012.592.08$8,108
Aug 1998489011.301.91$5,526
Jul 1998649011.742.24$7,619
Jun 1998324011.242.24$3,642
May 1998652012.622.21$8,228
Apr 1998496013.042.51$6,468
Mar 1998660012.802.31$8,448
Feb 1998498013.952.30$6,947
Jan 1998487014.702.15$7,159
Dec 1997519016.322.41$8,470
Nov 1997639018.193.09$11,623
Oct 1997648019.253.15$12,474
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 1997154017.582.25$2,707
Jun 1997323017.242.26$5,569
May 1997163018.972.31$3,092
Apr 1997491017.882.08$8,779
Mar 1997329018.951.94$6,235
Feb 1997331020.492.21$6,782
Jan 1997655023.483.54$15,379
Dec 1996333023.32$7,766
Nov 1996513021.97$11,271
Oct 1996485023.31$11,305
Sep 1996489022.22$10,866
Aug 1996325020.26$6,585
Jul 1996322019.55$6,295
Jun 1996164018.73$3,072
May 1996489019.43$9,501
Apr 1996315021.51$6,776
Mar 1996491019.38$9,516
Feb 19960016.98$0
Jan 1996493017.07$8,416
Dec 1995494017.19$8,492
Nov 1995656116.00$10,496
Oct 1995490115.43$7,561
Sep 1995488116.18$7,896
Aug 1995327115.92$5,206
Jul 1995319115.24$4,862
Jun 1995324116.41$5,317
May 1995489117.56$8,587
Apr 1995491117.73$8,705
Mar 1995485116.44$7,973
Feb 1995491116.58$8,141
Jan 1995493115.92$7,849
Dec 1994489115.03$7,350
Nov 1994488115.90$7,759
Oct 1994646115.58$10,065
Sep 1994646115.29$9,877
Aug 1994489116.13$7,888
Jul 1994486117.56$8,534
Jun 1994652117.09$11,143
May 1994649115.88$10,306
Apr 1994474114.14$6,702
Mar 1994494112.46$6,155
Feb 1994657112.50$8,213
Jan 1994329112.66$4,165
Dec 1993473112.33$5,832
Nov 1993484114.49$7,013
Oct 1993658115.85$10,429
Sep 1993479115.03$7,199
Aug 1993630115.66$9,866
Jul 1993635115.46$9,817
Jun 1993585116.79$9,822
May 1993490117.68$8,663
Apr 1993470118.05$8,484
Mar 1993625118.14$11,338
Feb 1993324117.90$5,800
Jan 1993653116.93$11,055

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.

Oct 2012 — as filed, then multipliedworked
Oil                  347 bbl  × $ 89.38 =    $31,015
Casinghead gas         0 Mcf  × $  3.40 =         $0

────────────────────────────────────────────────────
Month total                                  $31,015

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/21408 is the state's own key, not one this site invented.