BUCHANAN, O. P. -B-

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 23364District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$1.4 M
Jan 1993 – Jun 2015
Value, last 12 filed months
$0
at the published price for each month
Months reported
270
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 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.

StreamBasisVolumeValue
OilDisposition39,672 bbl$1,041,439
Casinghead gasProduction89,134 Mcf$317,857
Total$1,359,296

16,686 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 (1)

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 31.9675, -101.9002. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.96753, -101.90023 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
9,150 ft
1 wells filed one
Completion to plug
34.2 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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

The one well that filed a depth was drilled to 9,150 ft.

Completions filed
Nov 1974
1 of 1 wells
Plug dates filed
Jan 2009
1 of 1 wells

Last completion to plug: a median of 34.2 years across the 1 well that filed both dates, with the middle half between 34.2 years and 34.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-3293029459,150 ftNov 1974Jan 2009Yes

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 (270)

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

270 months

Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
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 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20087092.538.77$648
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 2007328091.677.29$30,068
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 2007371069.066.39$25,621
Jul 20070070.906.39$0
Jun 20070962.007.55$68
May 200738545558.747.85$26,185
Apr 2007049459.617.81$3,856
Mar 200738247456.927.30$25,205
Feb 2007037455.108.22$3,073
Jan 2007032450.306.73$2,180
Dec 200638644156.656.92$24,918
Nov 2006048354.207.62$3,679
Oct 200642350654.906.01$26,266
Sep 2006049760.085.04$2,503
Aug 2006051268.717.34$3,758
Jul 200640451269.376.34$31,273
Jun 2006049766.286.38$3,173
May 2006051666.016.42$3,315
Apr 200643648164.397.36$31,614
Mar 2006048056.707.08$3,400
Feb 2006044557.597.75$3,449
Jan 200642549960.598.93$30,208
Dec 2005048954.9413.42$6,560
Nov 200544548254.6910.59$29,441
Oct 2005038658.3413.80$5,325
Sep 2005035961.4512.08$4,336
Aug 200541451361.519.80$30,491
Jul 2005049255.697.84$3,859
Jun 200542248352.337.38$25,648
May 2005050045.226.65$3,326
Apr 2005048749.207.36$3,585
Mar 200542550550.377.15$25,020
Feb 2005045245.226.31$2,853
Jan 200541150343.166.32$20,919
Dec 2004048239.866.75$3,254
Nov 200437445245.286.33$19,796
Oct 2004047149.706.52$3,069
Sep 2004038243.245.28$2,018
Aug 200429725442.375.55$13,994
Jul 200450525838.286.08$20,901
Jun 2004054536.106.43$3,506
May 2004030137.486.49$1,955
Apr 200405534.475.86$322
Mar 200424922334.365.53$9,789
Feb 2004052432.455.51$2,887
Jan 2004045932.036.30$2,892
Dec 200316055630.266.30$8,345
Nov 200324454528.804.60$9,532
Oct 200334156628.174.76$12,300
Sep 2003056426.314.75$2,679
Aug 200336859929.765.13$14,024
Jul 2003057229.415.17$2,958
Jun 200338056428.565.98$14,227
May 2003066726.595.97$3,984
Apr 200335464626.675.41$12,934
Mar 2003049731.146.10$3,030
Feb 200330652433.487.93$14,398
Jan 200330859530.315.58$12,657
Dec 2002059426.914.85$2,883
Nov 200232657524.664.14$10,418
Oct 200231260426.464.23$10,810
Sep 2002060827.443.64$2,210
Aug 200245263525.963.16$13,743
Jul 2002062624.583.06$1,917
Jun 200226161123.733.34$8,233
May 200236665524.663.58$11,373
Apr 2002042823.653.51$1,503
Mar 2002056422.003.10$1,750
Feb 200242554818.222.38$9,045
Jan 200247058417.172.38$9,457
Dec 2001057916.932.36$1,369
Nov 200139358118.072.41$8,499
Oct 2001052019.782.53$1,315
Sep 2001035024.262.25$788
Aug 200130549324.873.05$9,091
Jul 200136533623.933.20$9,809
Jun 2001034124.563.82$1,304
May 200143032225.524.31$12,361
Apr 200141136524.685.34$12,091
Mar 2001033424.545.38$1,796
Feb 200146333727.755.77$14,792
Jan 2001036727.478.40$3,082
Dec 200045935826.889.12$15,604
Nov 2000032832.215.66$1,856
Oct 200043340731.235.15$15,617
Sep 2000086131.875.19$4,466
Aug 20004541,45929.644.54$20,082
Jul 200001,15828.534.09$4,736
Jun 20003421,55929.304.40$16,876
May 20004431,72027.263.68$18,405
Apr 2000064324.513.12$2,004
Mar 200027968828.422.86$9,897
Feb 200045666727.622.73$14,413
Jan 200011,21525.272.48$3,039
Dec 199923462524.282.42$7,196
Nov 199931298223.192.43$9,625
Oct 19992671,17620.982.80$8,899
Sep 19993461,06121.752.62$10,304
Aug 199932758319.262.88$7,974
Jul 199934345017.892.37$7,204
Jun 199945695815.942.36$9,532
May 199901,46315.792.32$3,396
Apr 199945989615.102.21$8,909
Mar 1999075612.471.84$1,390
Feb 19994279239.981.82$5,939
Jan 199940873210.381.90$5,626
Dec 199806159.201.77$1,091
Nov 199845973610.892.19$6,607
Oct 199842077612.421.97$6,745
Sep 1998077412.592.08$1,612
Aug 199837385011.301.91$5,836
Jul 199846278011.742.24$7,169
Jun 1998061011.242.24$1,365
May 199845568912.622.21$7,262
Apr 199846378913.042.51$8,014
Mar 1998186312.802.31$2,006
Feb 199845950913.952.30$7,573
Jan 1998049314.702.15$1,062
Dec 199732445016.322.41$6,373
Nov 199739754118.193.09$8,892
Oct 199741748219.253.15$9,545
Sep 1997050617.742.95$1,495
Aug 199761149017.862.55$12,164
Jul 1997048717.582.25$1,094
Jun 199739255817.242.26$8,018
May 199744855318.972.31$9,775
Apr 1997064017.882.08$1,333
Mar 199746640818.951.94$9,622
Feb 19974528920.492.21$9,458
Jan 1997018423.483.54$651
Dec 199675217123.32$17,537
Nov 1996134321.97$22
Oct 199644546523.31$10,373
Sep 199641643222.22$9,244
Aug 1996251520.26$41
Jul 199639445919.55$7,703
Jun 199637143118.73$6,949
May 1996143019.43$19
Apr 199643737521.51$9,400
Mar 199637234119.38$7,209
Feb 1996031316.98$0
Jan 199643536117.07$7,425
Dec 199538532917.19$6,618
Nov 1995132916.00$16
Oct 199528535915.43$4,398
Sep 199528929716.18$4,676
Aug 199535727915.92$5,683
Jul 1995132915.24$15
Jun 199536443416.41$5,973
May 199539841617.56$6,989
Apr 199543343017.73$7,677
Mar 1995133516.44$16
Feb 199546331216.58$7,677
Jan 1995034315.92$0
Dec 199431129815.03$4,674
Nov 199436031615.90$5,724
Oct 199437334715.58$5,811
Sep 1994035415.29$0
Aug 199434335016.13$5,533
Jul 199441035517.56$7,200
Jun 1994034817.09$0
May 199428734015.88$4,558
Apr 199431130714.14$4,398
Mar 199435931012.46$4,473
Feb 199432027512.50$4,000
Jan 1994033012.66$0
Dec 199329832012.33$3,674
Nov 199337240514.49$5,390
Oct 1993038115.85$0
Sep 199330531915.03$4,584
Aug 199329132515.66$4,557
Jul 1993032915.46$0
Jun 199338432816.79$6,447
May 1993131817.68$18
Apr 199338133818.05$6,877
Mar 199338917618.14$7,056
Feb 1993031017.90$0
Jan 1993037916.93$0

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.

Feb 2008 — as filed, then multipliedworked
Oil                    7 bbl  × $ 92.53 =       $648
Casinghead gas         0 Mcf  × $  8.77 =         $0

────────────────────────────────────────────────────
Month total                                     $648

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/23364 is the state's own key, not one this site invented.