BUCHANAN "D"

Operated by MOMENTUM ENERGY CORPORATION (P-5 574315) 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 25015District 08Field 85280300NGPA filingOilCasinghead gasSaveExport
Value, all time
$548 k
Jan 1993 – Jul 2004
Value, last 12 filed months
$0
at the published price for each month
Months reported
139
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.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
OilDisposition23,973 bbl$436,151
Casinghead gasProduction67,151 Mcf$111,457
Total$547,607

30,580 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 31.9683, -101.9150. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.96826, -101.91498 · 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
9,100 ft
1 wells filed one
Completion to plug
26.1 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 9,100 ft.

Completions filed
May 1978
1 of 1 wells
Plug dates filed
Jun 2004
1 of 1 wells

Last completion to plug: a median of 26.1 years across the 1 well that filed both dates, with the middle half between 26.1 years and 26.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-3293079419,100 ftMay 1978Jun 2004Yes

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 (139)

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

139 months

Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 200338031.146.10$1,183
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020826.464.23$34
Sep 200204227.443.64$153
Aug 2002014425.963.16$456
Jul 20023524.583.06$89
Jun 20020023.733.34$0
May 20024024.663.58$99
Apr 2002019123.653.51$671
Mar 200218842922.003.10$5,467
Feb 200226642518.222.38$5,856
Jan 200227143317.172.38$5,682
Dec 2001043016.932.36$1,017
Nov 2001041418.072.41$996
Oct 200126536919.782.53$6,175
Sep 2001029624.262.25$666
Aug 200125840424.873.05$7,650
Jul 200125641023.933.20$7,437
Jun 2001041624.563.82$1,591
May 2001038525.524.31$1,658
Apr 200124629824.685.34$7,661
Mar 200125942624.545.38$8,646
Feb 2001048927.755.77$2,820
Jan 200126759927.478.40$12,365
Dec 200026484726.889.12$14,823
Nov 2000087532.215.66$4,951
Oct 200019583731.235.15$10,397
Sep 200022051031.875.19$9,657
Aug 200026322929.644.54$8,835
Jul 2000052228.534.09$2,135
Jun 200023046029.304.40$8,762
May 200023548427.263.68$8,187
Apr 200022543224.513.12$6,861
Mar 2000042528.422.86$1,215
Feb 200022634727.622.73$7,188
Jan 2000035125.272.48$871
Dec 199916937124.282.42$5,003
Nov 199918171723.192.43$5,943
Oct 199916157320.982.80$4,984
Sep 199923455521.752.62$6,543
Aug 199922489219.262.88$6,879
Jul 19992621,06817.892.37$7,221
Jun 1999068215.942.36$1,611
May 199925238115.792.32$4,863
Apr 19992401,17215.102.21$6,212
Mar 199926599612.471.84$5,136
Feb 199905539.981.82$1,005
Jan 199926787610.381.90$4,436
Dec 199807469.201.77$1,323
Nov 199825969310.892.19$4,335
Oct 19982331,00712.421.97$4,877
Sep 19982531,17212.592.08$5,626
Aug 199825566811.301.91$4,156
Jul 1998251711.742.24$1,180
Jun 199825665711.242.24$4,347
May 199826526212.622.21$3,922
Apr 199826662513.042.51$5,034
Mar 1998089612.802.31$2,069
Feb 199824950013.952.30$4,623
Jan 199825157014.702.15$4,918
Dec 199725757516.322.41$5,581
Nov 199726250118.193.09$6,313
Oct 199725351119.253.15$6,480
Sep 199723151217.742.95$5,611
Aug 1997070517.862.55$1,801
Jul 199724959217.582.25$5,708
Jun 199722143717.242.26$4,796
May 199724038318.972.31$5,437
Apr 199725874117.882.08$6,156
Mar 199741460618.951.94$9,020
Feb 1997042120.492.21$929
Jan 199725250623.483.54$7,708
Dec 199645048523.32$10,494
Nov 1996068021.97$0
Oct 199626061923.31$6,061
Sep 199625062622.22$5,555
Aug 199625157420.26$5,085
Jul 199623760419.55$4,633
Jun 199620859318.73$3,896
May 199624761619.43$4,799
Apr 199622761921.51$4,883
Mar 199621161919.38$4,089
Feb 199618962416.98$3,209
Jan 199646568317.07$7,938
Dec 199522968517.19$3,937
Nov 199519765716.00$3,152
Oct 199517874715.43$2,747
Sep 199521169916.18$3,414
Aug 199545566515.92$7,244
Jul 1995165415.24$15
Jun 199537660116.41$6,170
May 199521763717.56$3,811
Apr 199524369517.73$4,308
Mar 199519658716.44$3,222
Feb 199525663816.58$4,244
Jan 199526669915.92$4,235
Dec 199424967815.03$3,742
Nov 199419866015.90$3,148
Oct 199442265815.58$6,575
Sep 199418861315.29$2,875
Aug 199419664916.13$3,161
Jul 199442667117.56$7,481
Jun 199421667317.09$3,691
May 199420566215.88$3,255
Apr 199420857614.14$2,941
Mar 199442566112.46$5,296
Feb 199419560912.50$2,438
Jan 199420559412.66$2,595
Dec 199339959512.33$4,920
Nov 199320262514.49$2,927
Oct 199340262215.85$6,372
Sep 199320856315.03$3,126
Aug 199339157915.66$6,123
Jul 199320858615.46$3,216
Jun 199341762716.79$7,001
May 199321165717.68$3,730
Apr 199339865218.05$7,184
Mar 199323174018.14$4,190
Feb 199341366617.90$7,393
Jan 199318065816.93$3,047

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.

Mar 2003 — as filed, then multipliedworked
Oil                   38 bbl  × $ 31.14 =     $1,183
Casinghead gas         0 Mcf  × $  6.10 =         $0

────────────────────────────────────────────────────
Month total                                   $1,183

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/25015 is the state's own key, not one this site invented.