FREE, L. O.

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

Operated by FINLEY RESOURCES, INC. (P-5 268602) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 22715District 08Field 85280300OilCasinghead gasSave Export

Value, all time

$2.8 M

Jan 1993 – Apr 2018

Value, last 12 filed months

at the published price for each month

Months reported

304

no gaps in the span

Streams

oil, casinghead gas

The SPRABERRY (TREND AREA) 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 16,587 leases and 43,997 wells, and the rule below applies to all of them.

Discovered

1952-12-22

as the register files it

Field class

Oil and gas

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 80 acres. The field rule took effect on 2018-02-13.

The Commission's schedule remark for this field reads: “SPRABERRY (TREND AREA) FIELD EFFECTIVE 10/1/2019.”

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	66,153 bbl	$2,308,883
Casinghead gas	Production	166,834 Mcf	$529,561
Total			$2,838,444

54,691 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 (3)

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 32.1989, -101.8145. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

32.19843, -101.81561 · 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%

3 of 3 wells

With a plug date

100.0%

3 of 3 wells

Median depth

9,150 ft

3 wells filed one

Completion to plug

43.3 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

3100.0%

A plug date is filed

3100.0%

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

3100.0%

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 8,972 and 9,150 ft, median 9,150 ft, over the 3 wells that filed a depth.

Completions filed

Dec 1972 – Jan 1973

2 of 3 wells; 1 filed none

Plug dates filed

Aug 2014 – Jan 2018

3 of 3 wells

Last completion to plug: a median of 43.3 years across the 2 wells that filed both dates, with the middle half between 42.5 years and 44.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells


42-31730823	3	9,150 ft	—	Aug 2014	Yes
42-31730822	2	8,972 ft	Jan 1973	Aug 2014	Yes
42-31730821	1	9,150 ft	Dec 1972	Jan 2018	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 (304)

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

304 months


Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
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	0	0	50.45	2.95	$0
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	166	0	46.19	3.09	$7,668
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	32	41.44	2.92	$94
Jul 2016	0	110	41.62	2.92	$322
Jun 2016	174	7	45.35	2.69	$7,910
May 2016	0	8	42.52	1.99	$16
Apr 2016	0	42	36.56	1.99	$84
Mar 2016	0	69	33.01	1.79	$124
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	164	4	32.36	2.00	$5,315
Nov 2015	0	8	38.79	2.17	$17
Oct 2015	0	4	43.55	2.43	$10
Sep 2015	0	3	42.99	2.76	$8
Aug 2015	0	5	40.16	2.87	$14
Jul 2015	0	14	48.15	2.95	$41
Jun 2015	165	19	56.15	2.88	$9,320
May 2015	0	23	55.21	2.96	$68
Apr 2015	0	8	49.82	2.71	$22
Mar 2015	0	11	42.89	2.93	$32
Feb 2015	0	6	44.66	2.98	$18
Jan 2015	0	8	43.43	3.10	$25
Dec 2014	0	8	54.69	3.59	$29
Nov 2014	0	10	70.46	4.25	$43
Oct 2014	0	11	78.30	3.90	$43
Sep 2014	0	9	86.16	4.05	$36
Aug 2014	0	16	89.39	4.04	$65
Jul 2014	0	231	96.56	4.18	$965
Jun 2014	147	464	98.16	4.74	$16,627
May 2014	0	94	94.73	4.73	$444
Apr 2014	0	141	95.94	4.81	$678
Mar 2014	0	42	95.89	5.06	$212
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	174	0	90.40	4.86	$15,730
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	1	97.42	3.78	$4
Sep 2013	161	2	104.11	3.72	$16,769
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	54	26	94.67	2.92	$5,188
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	8	26	85.13	3.02	$760
Jun 2012	10	9	79.82	2.52	$821
May 2012	1	8	91.61	2.49	$112
Apr 2012	14	26	101.65	2.00	$1,475
Mar 2012	15	0	105.05	2.22	$1,576
Feb 2012	14	0	101.10	2.57	$1,415
Jan 2012	15	0	98.09	2.73	$1,471
Dec 2011	15	28	96.87	3.24	$1,544
Nov 2011	0	2	95.72	3.31	$7
Oct 2011	156	97	84.98	3.65	$13,611
Sep 2011	142	159	83.62	3.99	$12,508
Aug 2011	296	238	83.40	4.15	$25,674
Jul 2011	124	31	94.14	4.52	$11,813
Jun 2011	234	0	92.90	4.64	$21,739
May 2011	331	448	98.13	4.40	$34,454
Apr 2011	177	142	105.96	4.33	$19,370
Mar 2011	353	598	96.36	4.06	$36,441
Feb 2011	167	459	85.64	4.18	$16,220
Jan 2011	186	506	86.50	4.59	$18,411
Dec 2010	171	539	85.73	4.35	$17,003
Nov 2010	334	596	80.84	3.80	$29,263
Oct 2010	167	598	78.10	3.51	$15,141
Sep 2010	0	461	72.63	3.98	$1,835
Aug 2010	300	454	73.68	4.42	$24,110
Jul 2010	149	491	72.55	4.74	$13,136
Jun 2010	283	494	70.36	4.91	$22,338
May 2010	139	496	71.12	4.24	$11,986
Apr 2010	327	343	81.69	4.12	$28,127
Mar 2010	154	580	78.39	4.39	$14,617
Feb 2010	259	443	73.58	5.44	$21,468
Jan 2010	291	537	74.36	5.96	$24,841
Dec 2009	306	576	71.44	5.48	$25,019
Nov 2009	149	575	74.59	3.75	$13,271
Oct 2009	142	544	72.54	4.11	$12,537
Sep 2009	262	571	65.54	3.06	$18,921
Aug 2009	165	604	67.42	3.22	$13,068
Jul 2009	145	599	61.13	3.46	$10,939
Jun 2009	284	586	66.16	3.90	$21,072
May 2009	151	591	54.74	3.93	$10,586
Apr 2009	324	497	46.77	3.59	$16,936
Mar 2009	160	555	42.14	4.06	$8,995
Feb 2009	159	555	32.81	4.63	$7,788
Jan 2009	314	433	35.86	5.37	$13,586
Dec 2008	158	512	37.10	5.98	$8,922
Nov 2008	311	522	55.49	6.86	$20,839
Oct 2008	150	655	75.24	6.92	$15,820
Sep 2008	316	469	101.76	7.88	$35,851
Aug 2008	153	487	114.22	8.48	$21,607
Jul 2008	160	636	131.08	11.39	$28,216
Jun 2008	155	547	131.33	13.03	$27,485
May 2008	346	569	123.17	11.57	$49,203
Apr 2008	168	642	110.31	10.45	$25,244
Mar 2008	168	669	101.90	9.66	$23,584
Feb 2008	332	624	92.53	8.77	$36,193
Jan 2008	175	656	90.38	8.21	$21,199
Dec 2007	360	648	88.33	7.30	$36,530
Nov 2007	168	624	91.67	7.29	$19,951
Oct 2007	167	685	82.85	6.92	$18,578
Sep 2007	182	682	75.84	6.24	$18,061
Aug 2007	340	704	69.06	6.39	$27,978
Jul 2007	297	668	70.90	6.39	$25,324
Jun 2007	0	673	62.00	7.55	$5,080
May 2007	342	701	58.74	7.85	$25,589
Apr 2007	167	673	59.61	7.81	$15,208
Mar 2007	167	599	56.92	7.30	$13,880
Feb 2007	166	607	55.10	8.22	$14,134
Jan 2007	167	661	50.30	6.73	$12,847
Dec 2006	329	659	56.65	6.92	$23,197
Nov 2006	163	662	54.20	7.62	$13,877
Oct 2006	177	589	54.90	6.01	$13,259
Sep 2006	168	617	60.08	5.04	$13,201
Aug 2006	336	662	68.71	7.34	$27,946
Jul 2006	166	687	69.37	6.34	$15,873
Jun 2006	167	411	66.28	6.38	$13,693
May 2006	339	456	66.01	6.42	$25,307
Apr 2006	158	458	64.39	7.36	$13,545
Mar 2006	178	503	56.70	7.08	$13,655
Feb 2006	338	511	57.59	7.75	$23,426
Jan 2006	169	533	60.59	8.93	$15,001
Dec 2005	167	499	54.94	13.42	$15,869
Nov 2005	338	463	54.69	10.59	$23,388
Oct 2005	169	440	58.34	13.80	$15,930
Sep 2005	166	324	61.45	12.08	$14,114
Aug 2005	334	603	61.51	9.80	$26,452
Jul 2005	162	593	55.69	7.84	$13,673
Jun 2005	332	600	52.33	7.38	$21,802
May 2005	169	613	45.22	6.65	$11,719
Apr 2005	182	599	49.20	7.36	$13,363
Mar 2005	342	608	50.37	7.15	$21,577
Feb 2005	170	542	45.22	6.31	$11,108
Jan 2005	166	601	43.16	6.32	$10,964
Dec 2004	327	590	39.86	6.75	$17,017
Nov 2004	170	593	45.28	6.33	$11,452
Oct 2004	328	653	49.70	6.52	$20,556
Sep 2004	168	664	43.24	5.28	$10,773
Aug 2004	342	745	42.37	5.55	$18,626
Jul 2004	168	524	38.28	6.08	$9,619
Jun 2004	170	541	36.10	6.43	$9,617
May 2004	166	660	37.48	6.49	$10,508
Apr 2004	168	640	34.47	5.86	$9,540
Mar 2004	350	667	34.36	5.53	$15,715
Feb 2004	170	512	32.45	5.51	$8,337
Jan 2004	337	625	32.03	6.30	$14,731
Dec 2003	174	630	30.26	6.30	$9,235
Nov 2003	346	547	28.80	4.60	$12,478
Oct 2003	177	650	28.17	4.76	$8,080
Sep 2003	175	665	26.31	4.75	$7,763
Aug 2003	338	683	29.76	5.13	$13,562
Jul 2003	342	622	29.41	5.17	$13,274
Jun 2003	310	724	28.56	5.98	$13,185
May 2003	178	454	26.59	5.97	$7,445
Apr 2003	183	497	26.67	5.41	$7,568
Mar 2003	169	559	31.14	6.10	$8,670
Feb 2003	164	462	33.48	7.93	$9,152
Jan 2003	321	508	30.31	5.58	$12,565
Dec 2002	184	490	26.91	4.85	$7,330
Nov 2002	321	540	24.66	4.14	$10,150
Oct 2002	161	558	26.46	4.23	$6,620
Sep 2002	175	540	27.44	3.64	$6,765
Aug 2002	302	565	25.96	3.16	$9,628
Jul 2002	170	571	24.58	3.06	$5,927
Jun 2002	184	568	23.73	3.34	$6,262
May 2002	332	585	24.66	3.58	$10,284
Apr 2002	170	576	23.65	3.51	$6,044
Mar 2002	330	345	22.00	3.10	$8,330
Feb 2002	177	402	18.22	2.38	$4,180
Jan 2002	184	458	17.17	2.38	$4,247
Dec 2001	162	453	16.93	2.36	$3,814
Nov 2001	175	470	18.07	2.41	$4,293
Oct 2001	355	486	19.78	2.53	$8,251
Sep 2001	177	484	24.26	2.25	$5,384
Aug 2001	185	506	24.87	3.05	$6,146
Jul 2001	291	504	23.93	3.20	$8,575
Jun 2001	0	498	24.56	3.82	$1,904
May 2001	336	530	25.52	4.31	$10,858
Apr 2001	170	503	24.68	5.34	$6,879
Mar 2001	185	493	24.54	5.38	$7,190
Feb 2001	175	408	27.75	5.77	$7,209
Jan 2001	341	485	27.47	8.40	$13,441
Dec 2000	171	458	26.88	9.12	$8,775
Nov 2000	167	473	32.21	5.66	$8,055
Oct 2000	175	450	31.23	5.15	$7,781
Sep 2000	156	139	31.87	5.19	$5,693
Aug 2000	179	219	29.64	4.54	$6,300
Jul 2000	175	430	28.53	4.09	$6,751
Jun 2000	183	481	29.30	4.40	$7,477
May 2000	178	483	27.26	3.68	$6,630
Apr 2000	173	479	24.51	3.12	$5,733
Mar 2000	175	504	28.42	2.86	$6,415
Feb 2000	175	504	27.62	2.73	$6,208
Jan 2000	180	552	25.27	2.48	$5,918
Dec 1999	338	554	24.28	2.42	$9,549
Nov 1999	187	750	23.19	2.43	$6,162
Oct 1999	353	781	20.98	2.80	$9,596
Sep 1999	348	753	21.75	2.62	$9,541
Aug 1999	354	725	19.26	2.88	$8,903
Jul 1999	178	596	17.89	2.37	$4,598
Jun 1999	353	905	15.94	2.36	$7,765
May 1999	361	1,062	15.79	2.32	$8,165
Apr 1999	361	969	15.10	2.21	$7,591
Mar 1999	349	1,017	12.47	1.84	$6,222
Feb 1999	174	939	9.98	1.82	$3,443
Jan 1999	355	1,015	10.38	1.90	$5,613
Dec 1998	528	995	9.20	1.77	$6,622
Nov 1998	185	1,018	10.89	2.19	$4,240
Oct 1998	554	1,027	12.42	1.97	$8,903
Sep 1998	358	1,043	12.59	2.08	$6,679
Aug 1998	539	1,076	11.30	1.91	$8,143
Jul 1998	364	1,072	11.74	2.24	$6,672
Jun 1998	348	1,001	11.24	2.24	$6,151
May 1998	360	1,086	12.62	2.21	$6,939
Apr 1998	544	1,090	13.04	2.51	$9,825
Mar 1998	359	1,208	12.80	2.31	$7,385
Feb 1998	363	902	13.95	2.30	$7,138
Jan 1998	542	1,165	14.70	2.15	$10,478
Dec 1997	179	743	16.32	2.41	$4,713
Nov 1997	364	1,018	18.19	3.09	$9,765
Oct 1997	542	1,090	19.25	3.15	$13,867
Sep 1997	364	1,072	17.74	2.95	$9,625
Aug 1997	356	1,133	17.86	2.55	$9,253
Jul 1997	375	1,197	17.58	2.25	$9,282
Jun 1997	369	1,123	17.24	2.26	$8,896
May 1997	558	1,184	18.97	2.31	$13,319
Apr 1997	373	1,068	17.88	2.08	$8,894
Mar 1997	376	1,067	18.95	1.94	$9,194
Feb 1997	374	939	20.49	2.21	$9,735
Jan 1997	368	1,078	23.48	3.54	$12,456
Dec 1996	379	1,078	23.32	—	$8,838
Nov 1996	367	892	21.97	—	$8,063
Oct 1996	542	1,140	23.31	—	$12,634
Sep 1996	369	1,039	22.22	—	$8,199
Aug 1996	349	1,131	20.26	—	$7,071
Jul 1996	368	1,095	19.55	—	$7,194
Jun 1996	363	1,022	18.73	—	$6,799
May 1996	474	1,062	19.43	—	$9,210
Apr 1996	364	854	21.51	—	$7,830
Mar 1996	484	1,128	19.38	—	$9,380
Feb 1996	337	1,066	16.98	—	$5,722
Jan 1996	372	1,340	17.07	—	$6,350
Dec 1995	552	1,197	17.19	—	$9,489
Nov 1995	552	1,272	16.00	—	$8,832
Oct 1995	374	1,288	15.43	—	$5,771
Sep 1995	370	1,092	16.18	—	$5,987
Aug 1995	369	1,167	15.92	—	$5,874
Jul 1995	356	1,139	15.24	—	$5,425
Jun 1995	522	1,082	16.41	—	$8,566
May 1995	192	1,071	17.56	—	$3,372
Apr 1995	559	1,226	17.73	—	$9,911
Mar 1995	371	1,217	16.44	—	$6,099
Feb 1995	370	939	16.58	—	$6,135
Jan 1995	367	611	15.92	—	$5,843
Dec 1994	565	1,180	15.03	—	$8,492
Nov 1994	379	975	15.90	—	$6,026
Oct 1994	379	798	15.58	—	$5,905
Sep 1994	560	760	15.29	—	$8,562
Aug 1994	369	1,042	16.13	—	$5,952
Jul 1994	374	1,242	17.56	—	$6,567
Jun 1994	547	1,130	17.09	—	$9,348
May 1994	186	1,259	15.88	—	$2,954
Apr 1994	358	1,225	14.14	—	$5,062
Mar 1994	559	1,280	12.46	—	$6,965
Feb 1994	372	1,107	12.50	—	$4,650
Jan 1994	565	1,252	12.66	—	$7,153
Dec 1993	379	1,209	12.33	—	$4,673
Nov 1993	374	1,239	14.49	—	$5,419
Oct 1993	510	1,233	15.85	—	$8,084
Sep 1993	516	1,190	15.03	—	$7,755
Aug 1993	453	1,316	15.66	—	$7,094
Jul 1993	452	1,247	15.46	—	$6,988
Jun 1993	430	1,368	16.79	—	$7,220
May 1993	587	1,455	17.68	—	$10,378
Apr 1993	290	1,326	18.05	—	$5,235
Mar 1993	382	1,298	18.14	—	$6,929
Feb 1993	598	1,139	17.90	—	$10,704
Jan 1993	726	1,273	16.93	—	$12,291

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 2016 — as filed, then multipliedworked

Oil                  166 bbl  × $ 46.19 =     $7,668
Casinghead gas         0 Mcf  × $  3.09 =         $0

────────────────────────────────────────────────────
Month total                                   $7,668

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/22715 is the state's own key, not one this site invented.