BUCHANAN, O. P.

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

Operated by PARSLEY ENERGY OPERATIONS, LLC (P-5 642652) 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 23004District 08Field 85280300OilCasinghead gasSave Export

Value, all time

$1.1 M

Jan 1993 – Aug 2010

Value, last 12 filed months

$7 k

at the published price for each month

Months reported

212

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	29,520 bbl	$827,655
Casinghead gas	Production	85,069 Mcf	$274,397
Total			$1,102,052

27,079 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 31.9791, -101.8841. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.97908, -101.88406 · 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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

9,125 ft

2 wells filed one

Completion to plug

35.1 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

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

2100.0%

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 9,125 and 9,125 ft, median 9,125 ft, over the 2 wells that filed a depth.

Completions filed

Dec 1973 – Feb 1974

2 of 2 wells

Plug dates filed

Dec 2008 – Mar 2009

2 of 2 wells

Last completion to plug: a median of 35.1 years across the 2 wells that filed both dates, with the middle half between 34.9 years and 35.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-32930262	2	9,125 ft	Feb 1974	Dec 2008	Yes
42-32930256	1	9,125 ft	Dec 1973	Mar 2009	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 (212)

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

212 months


Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	101	0	71.12	4.24	$7,183
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	120	0	110.31	10.45	$13,237
Mar 2008	118	0	101.90	9.66	$12,024
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	107	0	90.38	8.21	$9,671
Dec 2007	129	242	88.33	7.30	$13,162
Nov 2007	120	526	91.67	7.29	$14,836
Oct 2007	133	412	82.85	6.92	$13,871
Sep 2007	0	326	75.84	6.24	$2,036
Aug 2007	131	402	69.06	6.39	$11,615
Jul 2007	126	420	70.90	6.39	$11,616
Jun 2007	130	412	62.00	7.55	$11,170
May 2007	133	463	58.74	7.85	$11,445
Apr 2007	133	455	59.61	7.81	$11,480
Mar 2007	128	466	56.92	7.30	$10,688
Feb 2007	135	420	55.10	8.22	$10,889
Jan 2007	117	466	50.30	6.73	$9,020
Dec 2006	140	464	56.65	6.92	$11,141
Nov 2006	126	425	54.20	7.62	$10,067
Oct 2006	129	227	54.90	6.01	$8,447
Sep 2006	114	35	60.08	5.04	$7,025
Aug 2006	132	94	68.71	7.34	$9,760
Jul 2006	131	286	69.37	6.34	$10,902
Jun 2006	123	496	66.28	6.38	$11,319
May 2006	132	477	66.01	6.42	$11,778
Apr 2006	122	476	64.39	7.36	$11,359
Mar 2006	255	494	56.70	7.08	$17,957
Feb 2006	132	440	57.59	7.75	$11,012
Jan 2006	129	486	60.59	8.93	$12,158
Dec 2005	133	491	54.94	13.42	$13,894
Nov 2005	261	476	54.69	10.59	$19,314
Oct 2005	127	409	58.34	13.80	$13,052
Sep 2005	0	29	61.45	12.08	$350
Aug 2005	133	0	61.51	9.80	$8,181
Jul 2005	129	0	55.69	7.84	$7,184
Jun 2005	128	117	52.33	7.38	$7,562
May 2005	133	384	45.22	6.65	$8,568
Apr 2005	134	468	49.20	7.36	$10,038
Mar 2005	135	483	50.37	7.15	$10,256
Feb 2005	126	395	45.22	6.31	$8,191
Jan 2005	132	475	43.16	6.32	$8,700
Dec 2004	253	469	39.86	6.75	$13,251
Nov 2004	133	433	45.28	6.33	$8,763
Oct 2004	129	519	49.70	6.52	$9,793
Sep 2004	58	415	43.24	5.28	$4,701
Aug 2004	209	191	42.37	5.55	$9,916
Jul 2004	177	557	38.28	6.08	$10,164
Jun 2004	133	540	36.10	6.43	$8,275
May 2004	0	366	37.48	6.49	$2,377
Apr 2004	79	379	34.47	5.86	$4,943
Mar 2004	167	504	34.36	5.53	$8,525
Feb 2004	111	455	32.45	5.51	$6,109
Jan 2004	210	487	32.03	6.30	$9,794
Dec 2003	97	491	30.26	6.30	$6,029
Nov 2003	165	492	28.80	4.60	$7,013
Oct 2003	207	507	28.17	4.76	$8,244
Sep 2003	91	519	26.31	4.75	$4,859
Aug 2003	241	555	29.76	5.13	$10,019
Jul 2003	131	531	29.41	5.17	$6,598
Jun 2003	0	298	28.56	5.98	$1,783
May 2003	95	415	26.59	5.97	$5,005
Apr 2003	104	567	26.67	5.41	$5,840
Mar 2003	94	250	31.14	6.10	$4,451
Feb 2003	70	339	33.48	7.93	$5,030
Jan 2003	90	466	30.31	5.58	$5,329
Dec 2002	249	465	26.91	4.85	$8,958
Nov 2002	134	122	24.66	4.14	$3,809
Oct 2002	101	140	26.46	4.23	$3,265
Sep 2002	196	135	27.44	3.64	$5,869
Aug 2002	103	142	25.96	3.16	$3,123
Jul 2002	218	179	24.58	3.06	$5,907
Jun 2002	98	271	23.73	3.34	$3,230
May 2002	202	112	24.66	3.58	$5,383
Apr 2002	118	138	23.65	3.51	$3,275
Mar 2002	168	79	22.00	3.10	$3,941
Feb 2002	227	273	18.22	2.38	$4,785
Jan 2002	158	385	17.17	2.38	$3,628
Dec 2001	165	371	16.93	2.36	$3,671
Nov 2001	137	449	18.07	2.41	$3,556
Oct 2001	123	416	19.78	2.53	$3,485
Sep 2001	157	448	24.26	2.25	$4,817
Aug 2001	127	189	24.87	3.05	$3,736
Jul 2001	125	205	23.93	3.20	$3,647
Jun 2001	95	374	24.56	3.82	$3,763
May 2001	120	508	25.52	4.31	$5,251
Apr 2001	230	803	24.68	5.34	$9,961
Mar 2001	127	802	24.54	5.38	$7,428
Feb 2001	106	735	27.75	5.77	$7,180
Jan 2001	275	449	27.47	8.40	$11,325
Dec 2000	114	758	26.88	9.12	$9,979
Nov 2000	114	501	32.21	5.66	$6,507
Oct 2000	241	734	31.23	5.15	$11,303
Sep 2000	118	618	31.87	5.19	$6,966
Aug 2000	102	704	29.64	4.54	$6,220
Jul 2000	229	625	28.53	4.09	$9,089
Jun 2000	114	600	29.30	4.40	$5,979
May 2000	121	631	27.26	3.68	$5,620
Apr 2000	117	414	24.51	3.12	$4,158
Mar 2000	227	638	28.42	2.86	$8,276
Feb 2000	113	612	27.62	2.73	$4,790
Jan 2000	175	685	25.27	2.48	$6,121
Dec 1999	190	582	24.28	2.42	$6,024
Nov 1999	101	601	23.19	2.43	$3,805
Oct 1999	130	584	20.98	2.80	$4,365
Sep 1999	195	465	21.75	2.62	$5,459
Aug 1999	215	545	19.26	2.88	$5,708
Jul 1999	99	287	17.89	2.37	$2,452
Jun 1999	251	654	15.94	2.36	$5,546
May 1999	144	761	15.79	2.32	$4,040
Apr 1999	113	680	15.10	2.21	$3,208
Mar 1999	228	622	12.47	1.84	$3,987
Feb 1999	122	565	9.98	1.82	$2,245
Jan 1999	194	506	10.38	1.90	$2,975
Dec 1998	213	515	9.20	1.77	$2,873
Nov 1998	111	613	10.89	2.19	$2,549
Oct 1998	192	506	12.42	1.97	$3,381
Sep 1998	206	530	12.59	2.08	$3,697
Aug 1998	116	511	11.30	1.91	$2,285
Jul 1998	203	551	11.74	2.24	$3,616
Jun 1998	275	543	11.24	2.24	$4,306
May 1998	219	475	12.62	2.21	$3,812
Apr 1998	210	516	13.04	2.51	$4,031
Mar 1998	0	456	12.80	2.31	$1,053
Feb 1998	216	476	13.95	2.30	$4,108
Jan 1998	214	589	14.70	2.15	$4,415
Dec 1997	223	473	16.32	2.41	$4,780
Nov 1997	200	598	18.19	3.09	$5,485
Oct 1997	232	531	19.25	3.15	$6,139
Sep 1997	0	473	17.74	2.95	$1,398
Aug 1997	130	549	17.86	2.55	$3,724
Jul 1997	199	497	17.58	2.25	$4,615
Jun 1997	153	98	17.24	2.26	$2,859
May 1997	194	256	18.97	2.31	$4,271
Apr 1997	215	276	17.88	2.08	$4,419
Mar 1997	173	497	18.95	1.94	$4,242
Feb 1997	220	519	20.49	2.21	$5,653
Jan 1997	160	498	23.48	3.54	$5,520
Dec 1996	218	557	23.32	—	$5,084
Nov 1996	219	424	21.97	—	$4,811
Oct 1996	214	628	23.31	—	$4,988
Sep 1996	201	374	22.22	—	$4,466
Aug 1996	201	584	20.26	—	$4,072
Jul 1996	0	496	19.55	—	$0
Jun 1996	180	583	18.73	—	$3,371
May 1996	215	615	19.43	—	$4,177
Apr 1996	201	565	21.51	—	$4,324
Mar 1996	220	571	19.38	—	$4,264
Feb 1996	174	536	16.98	—	$2,955
Jan 1996	198	652	17.07	—	$3,380
Dec 1995	199	542	17.19	—	$3,421
Nov 1995	155	513	16.00	—	$2,480
Oct 1995	220	584	15.43	—	$3,395
Sep 1995	206	573	16.18	—	$3,333
Aug 1995	195	630	15.92	—	$3,104
Jul 1995	185	627	15.24	—	$2,819
Jun 1995	171	550	16.41	—	$2,806
May 1995	195	532	17.56	—	$3,424
Apr 1995	208	550	17.73	—	$3,688
Mar 1995	192	520	16.44	—	$3,156
Feb 1995	220	470	16.58	—	$3,648
Jan 1995	342	539	15.92	—	$5,445
Dec 1994	0	561	15.03	—	$0
Nov 1994	353	545	15.90	—	$5,613
Oct 1994	208	492	15.58	—	$3,241
Sep 1994	183	421	15.29	—	$2,798
Aug 1994	186	431	16.13	—	$3,000
Jul 1994	212	446	17.56	—	$3,723
Jun 1994	163	444	17.09	—	$2,786
May 1994	187	503	15.88	—	$2,970
Apr 1994	199	636	14.14	—	$2,814
Mar 1994	380	654	12.46	—	$4,735
Feb 1994	229	537	12.50	—	$2,863
Jan 1994	101	582	12.66	—	$1,279
Dec 1993	217	592	12.33	—	$2,676
Nov 1993	228	617	14.49	—	$3,304
Oct 1993	180	655	15.85	—	$2,853
Sep 1993	207	676	15.03	—	$3,111
Aug 1993	178	726	15.66	—	$2,787
Jul 1993	196	705	15.46	—	$3,030
Jun 1993	216	668	16.79	—	$3,627
May 1993	183	689	17.68	—	$3,235
Apr 1993	216	629	18.05	—	$3,899
Mar 1993	205	567	18.14	—	$3,719
Feb 1993	215	511	17.90	—	$3,849
Jan 1993	208	577	16.93	—	$3,521

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 2010 — as filed, then multipliedworked

Oil                  101 bbl  × $ 71.12 =     $7,183
Casinghead gas         0 Mcf  × $  4.24 =         $0

────────────────────────────────────────────────────
Month total                                   $7,183

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/23004 is the state's own key, not one this site invented.