KEYSTONE CATTLE CO. -24-

Name: KEYSTONE CATTLE CO. -24- lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by WHITING OIL AND GAS CORPORATION (P-5 920478) in the FLYING -W- (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 26101District 08Field 31768666Hydrogen sulphide fieldNGPA filingOilCasinghead gasSave Export

Value, all time

$936 k

Jan 1993 – Mar 2009

Value, last 12 filed months

at the published price for each month

Months reported

195

no gaps in the span

Streams

oil, casinghead gas

The FLYING -W- (WOLFCAMP) 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 6 leases and 20 wells, and the rule below applies to all of them.

Discovered

1955-10-02

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1989-08-01.

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.

The Commission's schedule remark for this field reads: “RULES PERM. 01-14-91 DOC. 8-95016”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Oil	Disposition	24,179 bbl	$628,001
Casinghead gas	Production	104,008 Mcf	$307,875
Total			$935,876

42,345 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 32.0097, -102.9343. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.00973, -102.93432 · 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%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

8,450 ft

1 wells filed one

Completion to plug

28.7 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 8,450 ft.

Completions filed

May 1980

1 of 1 wells

Plug dates filed

Jan 2009

1 of 1 wells

Last completion to plug: a median of 28.7 years across the 1 well that filed both dates, with the middle half between 28.7 years and 28.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-49531177	1	8,450 ft	May 1980	Jan 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 (195)

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

195 months


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	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	34	0	90.38	8.21	$3,073
Dec 2007	182	507	88.33	7.30	$19,778
Nov 2007	65	660	91.67	7.29	$10,771
Oct 2007	95	513	82.85	6.92	$11,422
Sep 2007	93	369	75.84	6.24	$9,357
Aug 2007	43	380	69.06	6.39	$5,397
Jul 2007	100	428	70.90	6.39	$9,824
Jun 2007	104	438	62.00	7.55	$9,754
May 2007	51	455	58.74	7.85	$6,566
Apr 2007	56	431	59.61	7.81	$6,702
Mar 2007	91	449	56.92	7.30	$8,458
Feb 2007	81	296	55.10	8.22	$6,895
Jan 2007	81	353	50.30	6.73	$6,449
Dec 2006	97	462	56.65	6.92	$8,691
Nov 2006	87	419	54.20	7.62	$7,907
Oct 2006	102	476	54.90	6.01	$8,462
Sep 2006	92	504	60.08	5.04	$8,066
Aug 2006	100	615	68.71	7.34	$11,385
Jul 2006	67	619	69.37	6.34	$8,574
Jun 2006	43	573	66.28	6.38	$6,508
May 2006	109	534	66.01	6.42	$10,626
Apr 2006	97	320	64.39	7.36	$8,601
Mar 2006	121	643	56.70	7.08	$11,415
Feb 2006	117	580	57.59	7.75	$11,234
Jan 2006	88	650	60.59	8.93	$11,139
Dec 2005	113	633	54.94	13.42	$14,700
Nov 2005	117	630	54.69	10.59	$13,069
Oct 2005	96	643	58.34	13.80	$14,471
Sep 2005	141	641	61.45	12.08	$16,407
Aug 2005	124	688	61.51	9.80	$14,367
Jul 2005	63	673	55.69	7.84	$8,787
Jun 2005	49	697	52.33	7.38	$7,709
May 2005	48	770	45.22	6.65	$7,292
Apr 2005	57	647	49.20	7.36	$7,567
Mar 2005	68	671	50.37	7.15	$8,226
Feb 2005	81	592	45.22	6.31	$7,399
Jan 2005	113	667	43.16	6.32	$9,094
Dec 2004	76	711	39.86	6.75	$7,829
Nov 2004	157	563	45.28	6.33	$10,673
Oct 2004	204	748	49.70	6.52	$15,012
Sep 2004	124	547	43.24	5.28	$8,252
Aug 2004	65	552	42.37	5.55	$5,818
Jul 2004	139	591	38.28	6.08	$8,917
Jun 2004	129	560	36.10	6.43	$8,259
May 2004	100	400	37.48	6.49	$6,346
Apr 2004	105	314	34.47	5.86	$5,459
Mar 2004	69	292	34.36	5.53	$3,986
Feb 2004	56	294	32.45	5.51	$3,437
Jan 2004	114	415	32.03	6.30	$6,266
Dec 2003	71	316	30.26	6.30	$4,140
Nov 2003	96	307	28.80	4.60	$4,176
Oct 2003	119	113	28.17	4.76	$3,890
Sep 2003	79	83	26.31	4.75	$2,473
Aug 2003	79	252	29.76	5.13	$3,644
Jul 2003	78	263	29.41	5.17	$3,654
Jun 2003	226	222	28.56	5.98	$7,783
May 2003	73	277	26.59	5.97	$3,596
Apr 2003	140	273	26.67	5.41	$5,210
Mar 2003	142	327	31.14	6.10	$6,415
Feb 2003	109	302	33.48	7.93	$6,043
Jan 2003	73	371	30.31	5.58	$4,284
Dec 2002	94	320	26.91	4.85	$4,083
Nov 2002	123	321	24.66	4.14	$4,361
Oct 2002	95	311	26.46	4.23	$3,829
Sep 2002	53	362	27.44	3.64	$2,770
Aug 2002	83	342	25.96	3.16	$3,237
Jul 2002	66	332	24.58	3.06	$2,639
Jun 2002	122	284	23.73	3.34	$3,843
May 2002	110	289	24.66	3.58	$3,748
Apr 2002	152	296	23.65	3.51	$4,634
Mar 2002	195	266	22.00	3.10	$5,115
Feb 2002	140	222	18.22	2.38	$3,078
Jan 2002	276	256	17.17	2.38	$5,347
Dec 2001	255	256	16.93	2.36	$4,922
Nov 2001	109	197	18.07	2.41	$2,444
Oct 2001	159	306	19.78	2.53	$3,919
Sep 2001	105	263	24.26	2.25	$3,139
Aug 2001	63	241	24.87	3.05	$2,303
Jul 2001	110	437	23.93	3.20	$4,029
Jun 2001	146	395	24.56	3.82	$5,096
May 2001	110	382	25.52	4.31	$4,453
Apr 2001	79	345	24.68	5.34	$3,790
Mar 2001	121	343	24.54	5.38	$4,813
Feb 2001	122	312	27.75	5.77	$5,185
Jan 2001	116	323	27.47	8.40	$5,899
Dec 2000	117	366	26.88	9.12	$6,484
Nov 2000	115	345	32.21	5.66	$5,656
Oct 2000	111	478	31.23	5.15	$5,926
Sep 2000	115	450	31.87	5.19	$5,999
Aug 2000	118	416	29.64	4.54	$5,386
Jul 2000	148	416	28.53	4.09	$5,924
Jun 2000	163	476	29.30	4.40	$6,869
May 2000	124	388	27.26	3.68	$4,808
Apr 2000	77	366	24.51	3.12	$3,028
Mar 2000	150	393	28.42	2.86	$5,387
Feb 2000	127	352	27.62	2.73	$4,467
Jan 2000	114	362	25.27	2.48	$3,779
Dec 1999	113	334	24.28	2.42	$3,553
Nov 1999	77	332	23.19	2.43	$2,594
Oct 1999	134	323	20.98	2.80	$3,717
Sep 1999	102	526	21.75	2.62	$3,596
Aug 1999	141	372	19.26	2.88	$3,785
Jul 1999	108	364	17.89	2.37	$2,796
Jun 1999	99	337	15.94	2.36	$2,374
May 1999	95	451	15.79	2.32	$2,547
Apr 1999	109	348	15.10	2.21	$2,414
Mar 1999	130	382	12.47	1.84	$2,323
Feb 1999	79	167	9.98	1.82	$1,092
Jan 1999	137	217	10.38	1.90	$1,834
Dec 1998	124	216	9.20	1.77	$1,524
Nov 1998	55	214	10.89	2.19	$1,067
Oct 1998	168	662	12.42	1.97	$3,390
Sep 1998	146	696	12.59	2.08	$3,288
Aug 1998	141	742	11.30	1.91	$3,009
Jul 1998	177	769	11.74	2.24	$3,798
Jun 1998	125	742	11.24	2.24	$3,065
May 1998	161	741	12.62	2.21	$3,667
Apr 1998	133	644	13.04	2.51	$3,348
Mar 1998	197	726	12.80	2.31	$4,198
Feb 1998	137	742	13.95	2.30	$3,617
Jan 1998	99	805	14.70	2.15	$3,190
Dec 1997	284	933	16.32	2.41	$6,884
Nov 1997	210	982	18.19	3.09	$6,853
Oct 1997	204	904	19.25	3.15	$6,774
Sep 1997	85	786	17.74	2.95	$3,830
Aug 1997	175	765	17.86	2.55	$5,080
Jul 1997	211	694	17.58	2.25	$5,269
Jun 1997	136	687	17.24	2.26	$3,895
May 1997	173	599	18.97	2.31	$4,665
Apr 1997	177	833	17.88	2.08	$4,900
Mar 1997	90	728	18.95	1.94	$3,117
Feb 1997	84	471	20.49	2.21	$2,760
Jan 1997	81	501	23.48	3.54	$3,675
Dec 1996	80	545	23.32	—	$1,866
Nov 1996	97	518	21.97	—	$2,131
Oct 1996	71	556	23.31	—	$1,655
Sep 1996	93	548	22.22	—	$2,066
Aug 1996	81	486	20.26	—	$1,641
Jul 1996	79	564	19.55	—	$1,544
Jun 1996	91	511	18.73	—	$1,704
May 1996	64	529	19.43	—	$1,244
Apr 1996	81	527	21.51	—	$1,742
Mar 1996	154	528	19.38	—	$2,985
Feb 1996	260	915	16.98	—	$4,415
Jan 1996	149	958	17.07	—	$2,543
Dec 1995	216	893	17.19	—	$3,713
Nov 1995	175	937	16.00	—	$2,800
Oct 1995	216	1,030	15.43	—	$3,333
Sep 1995	180	981	16.18	—	$2,912
Aug 1995	236	1,051	15.92	—	$3,757
Jul 1995	211	950	15.24	—	$3,216
Jun 1995	207	937	16.41	—	$3,397
May 1995	251	925	17.56	—	$4,408
Apr 1995	254	891	17.73	—	$4,503
Mar 1995	245	898	16.44	—	$4,028
Feb 1995	199	808	16.58	—	$3,299
Jan 1995	178	906	15.92	—	$2,834
Dec 1994	194	921	15.03	—	$2,916
Nov 1994	174	1,007	15.90	—	$2,767
Oct 1994	237	1,064	15.58	—	$3,692
Sep 1994	200	1,069	15.29	—	$3,058
Aug 1994	288	1,188	16.13	—	$4,645
Jul 1994	192	1,124	17.56	—	$3,372
Jun 1994	176	960	17.09	—	$3,008
May 1994	250	986	15.88	—	$3,970
Apr 1994	176	970	14.14	—	$2,489
Mar 1994	247	1,016	12.46	—	$3,078
Feb 1994	172	933	12.50	—	$2,150
Jan 1994	210	932	12.66	—	$2,659
Dec 1993	212	857	12.33	—	$2,614
Nov 1993	211	910	14.49	—	$3,057
Oct 1993	241	1,036	15.85	—	$3,820
Sep 1993	204	1,030	15.03	—	$3,066
Aug 1993	235	1,037	15.66	—	$3,680
Jul 1993	205	1,045	15.46	—	$3,169
Jun 1993	208	1,116	16.79	—	$3,492
May 1993	211	818	17.68	—	$3,730
Apr 1993	206	1,116	18.05	—	$3,718
Mar 1993	176	837	18.14	—	$3,193
Feb 1993	157	926	17.90	—	$2,810
Jan 1993	260	1,055	16.93	—	$4,402

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.

Jan 2008 — as filed, then multipliedworked

Oil                   34 bbl  × $ 90.38 =     $3,073
Casinghead gas         0 Mcf  × $  8.21 =         $0

────────────────────────────────────────────────────
Month total                                   $3,073

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/26101 is the state's own key, not one this site invented.