KING

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 21732District 08Field 04605444Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$1.7 M
Jan 1993 – May 2013
Value, last 12 filed months
$112 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
OilDisposition32,505 bbl$1,719,058
Casinghead gasProduction21 Mcf$0
Total$1,719,058

21 Mcf of this lease's gas, across 21 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 31.9923, -101.9305. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

31.99231, -101.93051 · 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
4,229 ft
2 wells filed one
Completion to plug
8.0 years
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 4,150 and 4,308 ft, median 4,229 ft, over the 2 wells that filed a depth.

Completions filed
Nov 1970 – Jul 1996
2 of 2 wells
Plug dates filed
Jul 2004
1 of 2 wells; 1 filed none

Last completion to plug: a median of 8.0 years across the 1 well that filed both dates, with the middle half between 8.0 years and 8.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-3293345624,308 ftJul 1996Jul 2004Yes
42-3293005414,150 ftNov 1970

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 2012240089.383.40$21,451
Sep 2012493094.672.92$46,672
Aug 2012169092.662.91$15,660
Jul 20120085.133.02$0
Jun 2012356079.822.52$28,416
May 2012339091.612.49$31,056
Apr 201200101.652.00$0
Mar 20123570105.052.22$37,503
Feb 20121690101.102.57$17,086
Jan 2012164098.092.73$16,087
Dec 2011171096.873.24$16,565
Nov 2011340095.723.31$32,545
Oct 2011348084.983.65$29,573
Sep 2011175083.623.99$14,634
Aug 2011165083.404.15$13,761
Jul 2011177094.144.52$16,663
Jun 2011182092.904.64$16,908
May 2011179098.134.40$17,565
Apr 20113300105.964.33$34,967
Mar 2011318096.364.06$30,642
Feb 20110085.644.18$0
Jan 2011481086.504.59$41,607
Dec 20100085.734.35$0
Nov 2010327080.843.80$26,435
Oct 20100078.103.51$0
Sep 2010347072.633.98$25,203
Aug 2010346073.684.42$25,493
Jul 20100072.554.74$0
Jun 2010349070.364.91$24,556
May 2010319071.124.24$22,687
Apr 20100081.694.12$0
Mar 2010338078.394.39$26,496
Feb 20100073.585.44$0
Jan 2010314074.365.96$23,349
Dec 2009319071.445.48$22,789
Nov 20090074.593.75$0
Oct 2009321072.544.11$23,285
Sep 2009320065.543.06$20,973
Aug 20090067.423.22$0
Jul 2009323061.133.46$19,745
Jun 2009162066.163.90$10,718
May 2009153054.743.93$8,375
Apr 2009318046.773.59$14,873
Mar 20090042.144.06$0
Feb 2009332032.814.63$10,893
Jan 2009336035.865.37$12,049
Dec 20080037.105.98$0
Nov 2008334055.496.86$18,534
Oct 20080075.246.92$0
Sep 20083460101.767.88$35,209
Aug 20081610114.228.48$18,389
Jul 20081670131.0811.39$21,890
Jun 20081650131.3313.03$21,669
May 20081630123.1711.57$20,077
Apr 20081640110.3110.45$18,091
Mar 20083290101.909.66$33,525
Feb 2008163092.538.77$15,082
Jan 2008158090.388.21$14,280
Dec 2007158088.337.30$13,956
Nov 2007326091.677.29$29,884
Oct 2007162082.856.92$13,422
Sep 2007162075.846.24$12,286
Aug 2007159069.066.39$10,981
Jul 2007328070.906.39$23,255
Jun 2007171062.007.55$10,602
May 2007163058.747.85$9,575
Apr 2007168059.617.81$10,014
Mar 2007307056.927.30$17,474
Feb 20070055.108.22$0
Jan 2007171050.306.73$8,601
Dec 2006166056.656.92$9,404
Nov 2006169054.207.62$9,160
Oct 2006165054.906.01$9,059
Sep 2006359060.085.04$21,569
Aug 2006156068.717.34$10,719
Jul 20060069.376.34$0
Jun 2006159066.286.38$10,539
May 2006308066.016.42$20,331
Apr 20060064.397.36$0
Mar 2006306056.707.08$17,350
Feb 2006156057.597.75$8,984
Jan 2006312060.598.93$18,904
Dec 2005168054.9413.42$9,230
Nov 20050054.6910.59$0
Oct 2005160058.3413.80$9,334
Sep 2005155061.4512.08$9,525
Aug 2005330061.519.80$20,298
Jul 20050055.697.84$0
Jun 2005171052.337.38$8,948
May 2005175045.226.65$7,914
Apr 2005176049.207.36$8,659
Mar 2005175050.377.15$8,815
Feb 2005177045.226.31$8,004
Jan 2005179043.166.32$7,726
Dec 2004177039.866.75$7,055
Nov 20041045.286.33$45
Oct 2004165049.706.52$8,201
Sep 2004176043.245.28$7,610
Aug 2004173042.375.55$7,330
Jul 2004174038.286.08$6,661
Jun 20040036.106.43$0
May 2004156037.486.49$5,847
Apr 2004177034.475.86$6,101
Mar 2004174034.365.53$5,979
Feb 2004173032.455.51$5,614
Jan 2004178032.036.30$5,701
Dec 20030030.266.30$0
Nov 2003177028.804.60$5,098
Oct 2003173028.174.76$4,873
Sep 20030026.314.75$0
Aug 2003152029.765.13$4,524
Jul 2003175029.415.17$5,147
Jun 20030028.565.98$0
May 2003150026.595.97$3,989
Apr 20030026.675.41$0
Mar 2003148031.146.10$4,609
Feb 2003177033.487.93$5,926
Jan 20030030.315.58$0
Dec 2002162026.914.85$4,359
Nov 2002167024.664.14$4,118
Oct 20020026.464.23$0
Sep 2002173027.443.64$4,747
Aug 20020025.963.16$0
Jul 2002163024.583.06$4,007
Jun 20020023.733.34$0
May 2002159024.663.58$3,921
Apr 20020023.653.51$0
Mar 2002152022.003.10$3,344
Feb 20020018.222.38$0
Jan 2002176017.172.38$3,022
Dec 2001161016.932.36$2,726
Nov 2001155018.072.41$2,801
Oct 20010019.782.53$0
Sep 2001167024.262.25$4,051
Aug 20010024.873.05$0
Jul 2001153023.933.20$3,661
Jun 20010024.563.82$0
May 2001150025.524.31$3,828
Apr 20010024.685.34$0
Mar 2001105024.545.38$2,577
Feb 2001130027.755.77$3,608
Jan 20010027.478.40$0
Dec 2000112026.889.12$3,011
Nov 2000182032.215.66$5,862
Oct 20000031.235.15$0
Sep 2000160031.875.19$5,099
Aug 20000029.644.54$0
Jul 2000145028.534.09$4,137
Jun 20000029.304.40$0
May 2000177027.263.68$4,825
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 2000168027.622.73$4,640
Jan 20000025.272.48$0
Dec 1999171024.282.42$4,152
Nov 19990023.192.43$0
Oct 1999167020.982.80$3,504
Sep 19990021.752.62$0
Aug 1999165019.262.88$3,178
Jul 19990017.892.37$0
Jun 1999166015.942.36$2,646
May 19990015.792.32$0
Apr 1999165015.102.21$2,492
Mar 19990012.471.84$0
Feb 199915909.981.82$1,587
Jan 19990010.381.90$0
Dec 199816909.201.77$1,555
Nov 19980010.892.19$0
Oct 1998162012.421.97$2,012
Sep 19980012.592.08$0
Aug 199883011.301.91$938
Jul 1998165011.742.24$1,937
Jun 19980011.242.24$0
May 199890012.622.21$1,136
Apr 1998165013.042.51$2,152
Mar 19980012.802.31$0
Feb 1998169013.952.30$2,358
Jan 19980014.702.15$0
Dec 199767016.322.41$1,093
Nov 1997170018.193.09$3,092
Oct 19970019.253.15$0
Sep 199792017.742.95$1,632
Aug 199780017.862.55$1,429
Jul 199792017.582.25$1,617
Jun 1997104017.242.26$1,793
May 199790018.972.31$1,707
Apr 199774017.882.08$1,323
Mar 1997126018.951.94$2,388
Feb 199788020.492.21$1,803
Jan 199788023.483.54$2,066
Dec 1996121023.32$2,822
Nov 199683021.97$1,824
Oct 1996111023.31$2,587
Sep 1996113022.22$2,511
Aug 1996119020.26$2,411
Jul 1996125019.55$2,444
Jun 199682018.73$1,536
May 1996104019.43$2,021
Apr 199695021.51$2,043
Mar 199680019.38$1,550
Feb 199688016.98$1,494
Jan 1996115017.07$1,963
Dec 1995106017.19$1,822
Nov 199585016.00$1,360
Oct 1995126015.43$1,944
Sep 1995119016.18$1,925
Aug 199590015.92$1,433
Jul 199593015.24$1,417
Jun 199584016.41$1,378
May 1995102017.56$1,791
Apr 1995112017.73$1,986
Mar 199594016.44$1,545
Feb 199578016.58$1,293
Jan 1995106015.92$1,688
Dec 199498015.03$1,473
Nov 1994103015.90$1,638
Oct 1994100015.58$1,558
Sep 199473115.29$1,116
Aug 199491116.13$1,468
Jul 199486117.56$1,510
Jun 199486117.09$1,470
May 199492115.88$1,461
Apr 199495114.14$1,343
Mar 199488112.46$1,096
Feb 1994109112.50$1,363
Jan 199496112.66$1,215
Dec 199391112.33$1,122
Nov 199388114.49$1,275
Oct 1993106115.85$1,680
Sep 1993100115.03$1,503
Aug 1993113115.66$1,770
Jul 199395115.46$1,469
Jun 199379116.79$1,326
May 199389117.68$1,574
Apr 199376118.05$1,372
Mar 1993134118.14$2,431
Feb 1993141117.90$2,524
Jan 1993161116.93$2,726

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                  240 bbl  × $ 89.38 =    $21,451
Casinghead gas         0 Mcf  × $  3.40 =         $0

────────────────────────────────────────────────────
Month total                                  $21,451

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/21732 is the state's own key, not one this site invented.