STERLING "E" FEE

Operated by TEXACO E & P INC. (P-5 844118) in the BIG SALUTE (LEONARD "A") field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 24316District 08Field 08023715Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$370 k
Jan 1993 – Apr 1998
Value, last 12 filed months
$26 k
at the published price for each month
Months reported
64
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 1 leases and 3 wells, and the rule below applies to all of them.

Discovered
1976-11-11
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.

StreamBasisVolumeValue
OilDisposition22,401 bbl$357,562
Casinghead gasProduction17,249 Mcf$12,848
Total$370,410

12,098 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 31.7678, -101.2007. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.76790, -101.20002 · 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%
3 of 3 wells
With a plug date
0.0%
0 of 3 wells
Median depth
5,520 ft
3 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
3100.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
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 5,350 and 5,890 ft, median 5,520 ft, over the 3 wells that filed a depth.

Completions filed
Dec 1982 – Oct 2012
3 of 3 wells

3 wells

42-431302592 U5,890 ftOct 2012Yes
42-43131401155,520 ftNov 1997Yes
42-431302674 U5,350 ftDec 1982Yes

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 (64)

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

64 months

Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 199715016.322.41$245
Nov 19978334718.193.09$2,581
Oct 199711035419.253.15$3,233
Sep 199725737717.742.95$5,673
Aug 199725438017.862.55$5,507
Jul 199711333817.582.25$2,746
Jun 19979436917.242.26$2,453
May 19979657618.972.31$3,151
Apr 19979670717.882.08$3,189
Mar 199711476418.951.94$3,642
Feb 19979146720.492.21$2,895
Jan 199712147223.483.54$4,512
Dec 19966231023.32$1,446
Nov 19965544221.97$1,208
Oct 19965437923.31$1,259
Sep 199615330522.22$3,400
Aug 199670941920.26$14,364
Jul 19962422619.55$469
Jun 19961398618.73$2,603
May 199614215719.43$2,759
Apr 199613716221.51$2,947
Mar 199615316319.38$2,965
Feb 199611216816.98$1,902
Jan 199612123917.07$2,065
Dec 199511618117.19$1,994
Nov 199513018216.00$2,080
Oct 199527818615.43$4,290
Sep 199516020116.18$2,589
Aug 199519227915.92$3,057
Jul 199521217515.24$3,231
Jun 199520735716.41$3,397
May 199524015417.56$4,214
Apr 199524913217.73$4,415
Mar 199518716216.44$3,074
Feb 19956413616.58$1,061
Jan 19959326015.92$1,481
Dec 199411124015.03$1,668
Nov 19947922215.90$1,256
Oct 199411424715.58$1,776
Sep 199410623315.29$1,621
Aug 199423224516.13$3,742
Jul 199431825617.56$5,584
Jun 199483224317.09$14,219
May 19941,03725615.88$16,468
Apr 19941,13725414.14$16,077
Mar 19941,23927012.46$15,438
Feb 199491725412.50$11,463
Jan 199497936412.66$12,394
Dec 19931,22328912.33$15,080
Nov 19931,19028214.49$17,243
Oct 199377727815.85$12,315
Sep 199390126215.03$13,542
Aug 199398728515.66$15,456
Jul 199385231215.46$13,172
Jun 199340128916.79$6,733
May 199384526617.68$14,940
Apr 199373157418.05$13,195
Mar 199387127618.14$15,800
Feb 199371724317.90$12,834
Jan 199337219716.93$6,298

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.

Dec 1997 — as filed, then multipliedworked
Oil                   15 bbl  × $ 16.32 =       $245
Casinghead gas         0 Mcf  × $  2.41 =         $0

────────────────────────────────────────────────────
Month total                                     $245

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/24316 is the state's own key, not one this site invented.