FASKEN

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

Operated by FASKEN OIL AND RANCH, LTD. (P-5 263696) in the SERIO (GRAYBURG) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 23406District 08Field 82275500Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$13.7 M

Jan 1993 – May 2016

Value, last 12 filed months

$212 k

at the published price for each month

Months reported

281

no gaps in the span

Streams

oil, casinghead gas

The SERIO (GRAYBURG) 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 8 leases and 76 wells, and the rule below applies to all of them.

Discovered

1970-01-21

as the register files it

Field class

Oil

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

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.

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	397,434 bbl	$13,547,461
Casinghead gas	Production	39,027 Mcf	$126,229
Total			$13,673,690

8,426 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 (7)

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 32.2025, -102.3112. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.1 miles.

32.20423, -102.30971 · 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

57.1%

4 of 7 wells

With a plug date

57.1%

4 of 7 wells

Median depth

4,849 ft

7 wells filed one

Completion to plug

15.1 years

median over 3 wells

What the state filed about each well

On the RRC proration schedule

457.1%

A plug date is filed

457.1%

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

457.1%

NeitherNo plug date, and not on the schedule.

342.9%

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 4,836 and 4,887 ft, median 4,849 ft, over the 7 wells that filed a depth.

Completions filed

Dec 1974 – Jun 1993

6 of 7 wells; 1 filed none

Plug dates filed

Aug 1980 – May 2016

4 of 7 wells; 3 filed none

Last completion to plug: a median of 15.1 years across the 3 wells that filed both dates, with the middle half between 14.9 years and 20.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

7 wells


42-00330640	2	4,849 ft	—	Aug 1980	Yes
42-00330747	5	4,836 ft	Jun 1993	Feb 2008	Yes
42-00330773	4A	4,849 ft	May 1993	—	—
42-00336799	3A	4,850 ft	Sep 1990	May 2016	Yes
42-00330789	6	4,887 ft	Jan 1976	—	—
42-00330668	3	4,844 ft	Jun 1975	Jul 1990	Yes
42-00330573	1	4,869 ft	Dec 1974	—	—

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 (281)

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

281 months


May 2016	0	0	42.52	1.99	$0
Apr 2016	4	0	36.56	1.99	$146
Mar 2016	51	31	33.01	1.79	$1,739
Feb 2016	390	27	26.47	2.06	$10,379
Jan 2016	450	17	27.35	2.36	$12,348
Dec 2015	839	25	32.36	2.00	$27,200
Nov 2015	561	29	38.79	2.17	$21,824
Oct 2015	655	17	43.55	2.43	$28,567
Sep 2015	693	34	42.99	2.76	$29,886
Aug 2015	676	32	40.16	2.87	$27,240
Jul 2015	433	30	48.15	2.95	$20,937
Jun 2015	563	31	56.15	2.88	$31,702
May 2015	537	33	55.21	2.96	$29,745
Apr 2015	564	34	49.82	2.71	$28,191
Mar 2015	478	30	42.89	2.93	$20,589
Feb 2015	432	17	44.66	2.98	$19,344
Jan 2015	245	14	43.43	3.10	$10,684
Dec 2014	308	19	54.69	3.59	$16,913
Nov 2014	503	21	70.46	4.25	$35,531
Oct 2014	499	25	78.30	3.90	$39,169
Sep 2014	497	24	86.16	4.05	$42,919
Aug 2014	529	24	89.39	4.04	$47,384
Jul 2014	433	26	96.56	4.18	$41,919
Jun 2014	154	25	98.16	4.74	$15,235
May 2014	627	24	94.73	4.73	$59,509
Apr 2014	374	23	95.94	4.81	$35,992
Mar 2014	293	22	95.89	5.06	$28,207
Feb 2014	391	24	97.40	6.19	$38,232
Jan 2014	439	21	90.40	4.86	$39,788
Dec 2013	458	20	91.82	4.35	$42,141
Nov 2013	460	21	88.85	3.74	$40,950
Oct 2013	501	20	97.42	3.78	$48,883
Sep 2013	530	21	104.11	3.72	$55,256
Aug 2013	375	24	104.25	3.52	$39,178
Jul 2013	442	24	102.52	3.72	$45,403
Jun 2013	322	20	94.40	3.93	$30,475
May 2013	464	25	94.83	4.15	$44,105
Apr 2013	554	20	93.96	4.28	$52,139
Mar 2013	410	19	93.62	3.91	$38,459
Feb 2013	435	19	91.23	3.42	$39,750
Jan 2013	451	19	91.60	3.42	$41,377
Dec 2012	426	32	86.77	3.42	$37,073
Nov 2012	622	24	86.95	3.62	$54,170
Oct 2012	778	25	89.38	3.40	$69,623
Sep 2012	629	19	94.67	2.92	$59,603
Aug 2012	598	21	92.66	2.91	$55,472
Jul 2012	647	21	85.13	3.02	$55,143
Jun 2012	721	20	79.82	2.52	$57,601
May 2012	618	16	91.61	2.49	$56,655
Apr 2012	656	17	101.65	2.00	$66,716
Mar 2012	709	20	105.05	2.22	$74,525
Feb 2012	716	17	101.10	2.57	$72,431
Jan 2012	696	14	98.09	2.73	$68,309
Dec 2011	706	19	96.87	3.24	$68,452
Nov 2011	745	26	95.72	3.31	$71,397
Oct 2011	761	22	84.98	3.65	$64,750
Sep 2011	742	28	83.62	3.99	$62,158
Aug 2011	726	37	83.40	4.15	$60,702
Jul 2011	851	30	94.14	4.52	$80,249
Jun 2011	775	36	92.90	4.64	$72,165
May 2011	781	29	98.13	4.40	$76,767
Apr 2011	783	22	105.96	4.33	$83,062
Mar 2011	833	39	96.36	4.06	$80,426
Feb 2011	567	22	85.64	4.18	$48,650
Jan 2011	889	28	86.50	4.59	$77,027
Dec 2010	771	47	85.73	4.35	$66,302
Nov 2010	840	40	80.84	3.80	$68,057
Oct 2010	883	32	78.10	3.51	$69,075
Sep 2010	716	22	72.63	3.98	$52,091
Aug 2010	1,067	34	73.68	4.42	$78,767
Jul 2010	1,112	38	72.55	4.74	$80,856
Jun 2010	1,104	34	70.36	4.91	$77,844
May 2010	1,151	36	71.12	4.24	$82,012
Apr 2010	1,291	17	81.69	4.12	$105,532
Mar 2010	1,453	33	78.39	4.39	$114,046
Feb 2010	1,252	23	73.58	5.44	$92,247
Jan 2010	1,129	44	74.36	5.96	$84,215
Dec 2009	755	44	71.44	5.48	$54,178
Nov 2009	619	86	74.59	3.75	$46,494
Oct 2009	650	116	72.54	4.11	$47,628
Sep 2009	639	103	65.54	3.06	$42,196
Aug 2009	697	58	67.42	3.22	$47,178
Jul 2009	705	67	61.13	3.46	$43,329
Jun 2009	685	63	66.16	3.90	$45,565
May 2009	490	86	54.74	3.93	$27,160
Apr 2009	662	68	46.77	3.59	$31,206
Mar 2009	721	73	42.14	4.06	$30,679
Feb 2009	592	63	32.81	4.63	$19,715
Jan 2009	610	65	35.86	5.37	$22,224
Dec 2008	686	62	37.10	5.98	$25,821
Nov 2008	915	64	55.49	6.86	$51,212
Oct 2008	900	89	75.24	6.92	$68,332
Sep 2008	862	65	101.76	7.88	$88,229
Aug 2008	943	73	114.22	8.48	$108,329
Jul 2008	961	67	131.08	11.39	$126,731
Jun 2008	994	65	131.33	13.03	$131,389
May 2008	978	77	123.17	11.57	$121,351
Apr 2008	931	78	110.31	10.45	$103,514
Mar 2008	560	66	101.90	9.66	$57,702
Feb 2008	614	38	92.53	8.77	$57,147
Jan 2008	955	72	90.38	8.21	$86,904
Dec 2007	1,024	42	88.33	7.30	$90,757
Nov 2007	1,131	42	91.67	7.29	$103,985
Oct 2007	1,153	67	82.85	6.92	$95,990
Sep 2007	1,085	57	75.84	6.24	$82,642
Aug 2007	988	37	69.06	6.39	$68,468
Jul 2007	984	54	70.90	6.39	$70,111
Jun 2007	963	79	62.00	7.55	$60,302
May 2007	929	83	58.74	7.85	$55,221
Apr 2007	878	94	59.61	7.81	$53,071
Mar 2007	906	89	56.92	7.30	$52,219
Feb 2007	822	91	55.10	8.22	$46,040
Jan 2007	911	107	50.30	6.73	$46,543
Dec 2006	1,059	73	56.65	6.92	$60,497
Nov 2006	1,049	55	54.20	7.62	$57,275
Oct 2006	844	133	54.90	6.01	$47,135
Sep 2006	778	36	60.08	5.04	$46,924
Aug 2006	1,057	133	68.71	7.34	$73,603
Jul 2006	1,161	119	69.37	6.34	$81,293
Jun 2006	1,020	104	66.28	6.38	$68,270
May 2006	1,054	71	66.01	6.42	$70,031
Apr 2006	1,099	107	64.39	7.36	$71,552
Mar 2006	1,088	105	56.70	7.08	$62,433
Feb 2006	1,010	118	57.59	7.75	$59,081
Jan 2006	1,088	126	60.59	8.93	$67,048
Dec 2005	1,092	122	54.94	13.42	$61,631
Nov 2005	1,031	101	54.69	10.59	$57,455
Oct 2005	1,046	104	58.34	13.80	$62,458
Sep 2005	640	110	61.45	12.08	$40,657
Aug 2005	689	129	61.51	9.80	$43,644
Jul 2005	616	144	55.69	7.84	$35,435
Jun 2005	534	132	52.33	7.38	$28,919
May 2005	842	163	45.22	6.65	$39,159
Apr 2005	618	138	49.20	7.36	$31,421
Mar 2005	721	132	50.37	7.15	$37,261
Feb 2005	527	122	45.22	6.31	$24,601
Jan 2005	372	129	43.16	6.32	$16,871
Dec 2004	519	135	39.86	6.75	$21,599
Nov 2004	643	86	45.28	6.33	$29,659
Oct 2004	657	98	49.70	6.52	$33,291
Sep 2004	652	68	43.24	5.28	$28,552
Aug 2004	678	137	42.37	5.55	$29,487
Jul 2004	756	139	38.28	6.08	$29,785
Jun 2004	704	123	36.10	6.43	$26,206
May 2004	651	103	37.48	6.49	$25,068
Apr 2004	1,922	197	34.47	5.86	$67,405
Mar 2004	1,964	193	34.36	5.53	$68,550
Feb 2004	1,816	156	32.45	5.51	$59,789
Jan 2004	2,093	177	32.03	6.30	$68,154
Dec 2003	1,926	169	30.26	6.30	$59,346
Nov 2003	1,760	188	28.80	4.60	$51,552
Oct 2003	1,909	203	28.17	4.76	$54,743
Sep 2003	1,898	244	26.31	4.75	$51,095
Aug 2003	2,161	216	29.76	5.13	$65,419
Jul 2003	1,856	219	29.41	5.17	$55,717
Jun 2003	1,659	245	28.56	5.98	$48,847
May 2003	1,911	280	26.59	5.97	$52,486
Apr 2003	1,956	166	26.67	5.41	$53,064
Mar 2003	1,920	131	31.14	6.10	$60,587
Feb 2003	1,689	161	33.48	7.93	$57,824
Jan 2003	2,005	180	30.31	5.58	$61,776
Dec 2002	1,732	197	26.91	4.85	$47,564
Nov 2002	2,012	153	24.66	4.14	$50,249
Oct 2002	2,275	178	26.46	4.23	$60,949
Sep 2002	1,780	135	27.44	3.64	$49,334
Aug 2002	1,795	200	25.96	3.16	$47,231
Jul 2002	1,777	254	24.58	3.06	$44,456
Jun 2002	1,900	260	23.73	3.34	$45,955
May 2002	1,898	172	24.66	3.58	$47,421
Apr 2002	1,786	153	23.65	3.51	$42,776
Mar 2002	1,904	138	22.00	3.10	$42,316
Feb 2002	5,237	447	18.22	2.38	$96,480
Jan 2002	1,974	153	17.17	2.38	$34,257
Dec 2001	1,987	172	16.93	2.36	$34,047
Nov 2001	1,948	174	18.07	2.41	$35,619
Oct 2001	1,894	250	19.78	2.53	$38,096
Sep 2001	1,916	240	24.26	2.25	$47,022
Aug 2001	2,159	296	24.87	3.05	$54,598
Jul 2001	2,172	262	23.93	3.20	$52,814
Jun 2001	1,772	188	24.56	3.82	$44,239
May 2001	2,070	177	25.52	4.31	$53,589
Apr 2001	2,315	88	24.68	5.34	$57,604
Mar 2001	2,411	169	24.54	5.38	$60,075
Feb 2001	2,347	145	27.75	5.77	$65,965
Jan 2001	2,374	188	27.47	8.40	$66,793
Dec 2000	2,403	148	26.88	9.12	$65,943
Nov 2000	2,492	137	32.21	5.66	$81,042
Oct 2000	2,385	285	31.23	5.15	$75,950
Sep 2000	2,631	308	31.87	5.19	$85,447
Aug 2000	2,632	239	29.64	4.54	$79,098
Jul 2000	2,381	256	28.53	4.09	$68,977
Jun 2000	1,971	135	29.30	4.40	$58,344
May 2000	1,948	430	27.26	3.68	$54,685
Apr 2000	1,867	119	24.51	3.12	$46,131
Mar 2000	2,199	175	28.42	2.86	$62,996
Feb 2000	2,015	186	27.62	2.73	$56,161
Jan 2000	2,423	412	25.27	2.48	$62,251
Dec 1999	2,325	401	24.28	2.42	$57,423
Nov 1999	2,032	361	23.19	2.43	$48,001
Oct 1999	2,438	369	20.98	2.80	$52,184
Sep 1999	2,083	397	21.75	2.62	$46,345
Aug 1999	2,014	477	19.26	2.88	$40,161
Jul 1999	1,837	619	17.89	2.37	$34,332
Jun 1999	1,589	465	15.94	2.36	$26,427
May 1999	1,978	206	15.79	2.32	$31,711
Apr 1999	2,193	235	15.10	2.21	$33,633
Mar 1999	559	63	12.47	1.84	$7,087
Feb 1999	739	52	9.98	1.82	$7,470
Jan 1999	2,325	273	10.38	1.90	$24,652
Dec 1998	2,809	297	9.20	1.77	$26,369
Nov 1998	2,418	300	10.89	2.19	$26,988
Oct 1998	2,534	283	12.42	1.97	$32,030
Sep 1998	2,204	344	12.59	2.08	$28,465
Aug 1998	2,714	477	11.30	1.91	$31,578
Jul 1998	2,696	453	11.74	2.24	$32,665
Jun 1998	2,552	412	11.24	2.24	$29,606
May 1998	2,448	200	12.62	2.21	$31,335
Apr 1998	2,916	111	13.04	2.51	$38,303
Mar 1998	3,139	205	12.80	2.31	$40,653
Feb 1998	2,989	317	13.95	2.30	$42,425
Jan 1998	3,159	326	14.70	2.15	$47,140
Dec 1997	2,591	343	16.32	2.41	$43,112
Nov 1997	2,390	376	18.19	3.09	$44,635
Oct 1997	2,429	297	19.25	3.15	$47,694
Sep 1997	2,251	320	17.74	2.95	$40,878
Aug 1997	2,811	454	17.86	2.55	$51,364
Jul 1997	2,374	470	17.58	2.25	$42,791
Jun 1997	2,365	327	17.24	2.26	$41,511
May 1997	2,511	385	18.97	2.31	$48,522
Apr 1997	2,574	369	17.88	2.08	$46,792
Mar 1997	2,620	333	18.95	1.94	$50,295
Feb 1997	2,355	251	20.49	2.21	$48,808
Jan 1997	2,697	229	23.48	3.54	$64,136
Dec 1996	3,043	225	23.32	—	$70,963
Nov 1996	3,087	259	21.97	—	$67,821
Oct 1996	2,804	323	23.31	—	$65,361
Sep 1996	2,975	448	22.22	—	$66,105
Aug 1996	2,498	385	20.26	—	$50,609
Jul 1996	2,687	414	19.55	—	$52,531
Jun 1996	2,908	287	18.73	—	$54,467
May 1996	2,842	319	19.43	—	$55,220
Apr 1996	3,135	217	21.51	—	$67,434
Mar 1996	3,312	185	19.38	—	$64,187
Feb 1996	3,636	156	16.98	—	$61,739
Jan 1996	1,674	113	17.07	—	$28,575
Dec 1995	1,608	154	17.19	—	$27,642
Nov 1995	2,027	234	16.00	—	$32,432
Oct 1995	1,660	243	15.43	—	$25,614
Sep 1995	1,674	253	16.18	—	$27,085
Aug 1995	1,648	223	15.92	—	$26,236
Jul 1995	1,566	221	15.24	—	$23,866
Jun 1995	1,517	187	16.41	—	$24,894
May 1995	1,761	150	17.56	—	$30,923
Apr 1995	1,704	155	17.73	—	$30,212
Mar 1995	1,828	107	16.44	—	$30,052
Feb 1995	1,628	77	16.58	—	$26,992
Jan 1995	1,831	125	15.92	—	$29,150
Dec 1994	1,837	119	15.03	—	$27,610
Nov 1994	1,816	147	15.90	—	$28,874
Oct 1994	1,682	225	15.58	—	$26,206
Sep 1994	1,653	220	15.29	—	$25,274
Aug 1994	1,692	367	16.13	—	$27,292
Jul 1994	1,795	88	17.56	—	$31,520
Jun 1994	1,828	99	17.09	—	$31,241
May 1994	2,042	77	15.88	—	$32,427
Apr 1994	1,839	74	14.14	—	$26,003
Mar 1994	1,983	95	12.46	—	$24,708
Feb 1994	1,835	86	12.50	—	$22,938
Jan 1994	1,932	205	12.66	—	$24,459
Dec 1993	2,010	84	12.33	—	$24,783
Nov 1993	1,893	187	14.49	—	$27,430
Oct 1993	2,015	62	15.85	—	$31,938
Sep 1993	2,136	58	15.03	—	$32,104
Aug 1993	2,026	58	15.66	—	$31,727
Jul 1993	2,058	116	15.46	—	$31,817
Jun 1993	2,091	106	16.79	—	$35,108
May 1993	2,144	138	17.68	—	$37,906
Apr 1993	1,801	149	18.05	—	$32,508
Mar 1993	1,341	127	18.14	—	$24,326
Feb 1993	1,293	38	17.90	—	$23,145
Jan 1993	1,797	41	16.93	—	$30,423

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.

Apr 2016 — as filed, then multipliedworked

Oil                    4 bbl  × $ 36.56 =       $146
Casinghead gas         0 Mcf  × $  1.99 =         $0

────────────────────────────────────────────────────
Month total                                     $146

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/23406 is the state's own key, not one this site invented.