KEYSTONE CATTLE CO.

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

Operated by MERIT ENERGY COMPANY (P-5 561136) in the KEYSTONE (HOLT) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 26369District 08Field 49129396Hydrogen sulphide fieldNGPA filingOilCasinghead gasSave Export

Value, all time

$2.4 M

Jan 1993 – Dec 2015

Value, last 12 filed months

$13 k

at the published price for each month

Months reported

276

no gaps in the span

Streams

oil, casinghead gas

The KEYSTONE (HOLT) 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 63 leases and 354 wells, and the rule below applies to all of them.

Discovered

1943-09-08

as the register files it

Field class

Oil and gas

the register's own label

Between wells

660 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 1975-07-07.

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: “ INTO THE KEYSTONE (CONSOLIDATED) FIELD.”

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	5	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	57,175 bbl	$1,953,261
Casinghead gas	Production	504,952 Mcf	$492,329
Total			$2,445,590

381,775 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 (6)

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 31.9164, -103.0462. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

31.91524, -103.04628 · 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%

6 of 6 wells

With a plug date

33.3%

2 of 6 wells

Median depth

4,970 ft

6 wells filed one

Completion to plug

28.2 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

6100.0%

A plug date is filed

233.3%

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

233.3%

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 4,808 and 5,015 ft, median 4,970 ft, over the 6 wells that filed a depth.

Completions filed

Jan 1981 – Apr 1996

6 of 6 wells

Plug dates filed

Nov 2007 – May 2012

2 of 6 wells; 4 filed none

Last completion to plug: a median of 28.2 years across the 2 wells that filed both dates, with the middle half between 27.5 years and 28.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

6 wells


42-49531408	6	4,808 ft	Apr 1996	—	Yes
42-49531543	10H	4,865 ft	Dec 1982	May 2012	Yes
42-49531415	5	5,015 ft	Dec 1981	—	Yes
42-49531271	2H	5,012 ft	Jun 1981	—	Yes
42-49501249	95H	4,939 ft	Feb 1981	—	Yes
42-49531270	1	5,000 ft	Jan 1981	Nov 2007	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 (276)

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

276 months


Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	42	136	40.16	2.87	$2,077
Jul 2015	32	108	48.15	2.95	$1,859
Jun 2015	28	136	56.15	2.88	$1,964
May 2015	32	129	55.21	2.96	$2,148
Apr 2015	30	141	49.82	2.71	$1,876
Mar 2015	9	132	42.89	2.93	$773
Feb 2015	8	192	44.66	2.98	$929
Jan 2015	12	178	43.43	3.10	$1,073
Dec 2014	13	155	54.69	3.59	$1,268
Nov 2014	29	122	70.46	4.25	$2,562
Oct 2014	96	47	78.30	3.90	$7,700
Sep 2014	85	33	86.16	4.05	$7,457
Aug 2014	86	44	89.39	4.04	$7,865
Jul 2014	98	36	96.56	4.18	$9,613
Jun 2014	68	54	98.16	4.74	$6,931
May 2014	114	57	94.73	4.73	$11,069
Apr 2014	102	51	95.94	4.81	$10,031
Mar 2014	113	32	95.89	5.06	$10,997
Feb 2014	99	22	97.40	6.19	$9,779
Jan 2014	108	17	90.40	4.86	$9,846
Dec 2013	103	7	91.82	4.35	$9,488
Nov 2013	110	11	88.85	3.74	$9,815
Oct 2013	116	8	97.42	3.78	$11,331
Sep 2013	106	11	104.11	3.72	$11,077
Aug 2013	116	16	104.25	3.52	$12,149
Jul 2013	101	17	102.52	3.72	$10,418
Jun 2013	91	26	94.40	3.93	$8,693
May 2013	130	34	94.83	4.15	$12,469
Apr 2013	120	29	93.96	4.28	$11,399
Mar 2013	123	30	93.62	3.91	$11,633
Feb 2013	116	27	91.23	3.42	$10,675
Jan 2013	43	10	91.60	3.42	$3,973
Dec 2012	84	20	86.77	3.42	$7,357
Nov 2012	107	20	86.95	3.62	$9,376
Oct 2012	89	21	89.38	3.40	$8,026
Sep 2012	74	28	94.67	2.92	$7,087
Aug 2012	83	25	92.66	2.91	$7,763
Jul 2012	60	31	85.13	3.02	$5,201
Jun 2012	107	28	79.82	2.52	$8,611
May 2012	68	21	91.61	2.49	$6,282
Apr 2012	106	41	101.65	2.00	$10,857
Mar 2012	70	141	105.05	2.22	$7,667
Feb 2012	75	129	101.10	2.57	$7,914
Jan 2012	57	15	98.09	2.73	$5,632
Dec 2011	160	33	96.87	3.24	$15,606
Nov 2011	0	96	95.72	3.31	$318
Oct 2011	0	64	84.98	3.65	$234
Sep 2011	125	102	83.62	3.99	$10,859
Aug 2011	0	115	83.40	4.15	$477
Jul 2011	2	21	94.14	4.52	$283
Jun 2011	120	61	92.90	4.64	$11,431
May 2011	125	143	98.13	4.40	$12,896
Apr 2011	117	265	105.96	4.33	$13,546
Mar 2011	73	18	96.36	4.06	$7,107
Feb 2011	1	347	85.64	4.18	$1,536
Jan 2011	134	313	86.50	4.59	$13,027
Dec 2010	97	312	85.73	4.35	$9,672
Nov 2010	97	256	80.84	3.80	$8,813
Oct 2010	92	257	78.10	3.51	$8,087
Sep 2010	93	246	72.63	3.98	$7,734
Aug 2010	101	198	73.68	4.42	$8,317
Jul 2010	98	319	72.55	4.74	$8,621
Jun 2010	101	458	70.36	4.91	$9,355
May 2010	97	437	71.12	4.24	$8,749
Apr 2010	97	398	81.69	4.12	$9,565
Mar 2010	106	205	78.39	4.39	$9,209
Feb 2010	109	100	73.58	5.44	$8,564
Jan 2010	119	184	74.36	5.96	$9,946
Dec 2009	123	309	71.44	5.48	$10,482
Nov 2009	130	285	74.59	3.75	$10,766
Oct 2009	126	293	72.54	4.11	$10,344
Sep 2009	133	231	65.54	3.06	$9,425
Aug 2009	130	33	67.42	3.22	$8,871
Jul 2009	134	121	61.13	3.46	$8,611
Jun 2009	125	234	66.16	3.90	$9,181
May 2009	136	208	54.74	3.93	$8,261
Apr 2009	137	176	46.77	3.59	$7,039
Mar 2009	132	223	42.14	4.06	$6,468
Feb 2009	139	219	32.81	4.63	$5,575
Jan 2009	272	224	35.86	5.37	$10,957
Dec 2008	0	191	37.10	5.98	$1,142
Nov 2008	132	160	55.49	6.86	$8,422
Oct 2008	107	152	75.24	6.92	$9,103
Sep 2008	132	89	101.76	7.88	$14,133
Aug 2008	128	281	114.22	8.48	$17,004
Jul 2008	212	328	131.08	11.39	$31,525
Jun 2008	110	288	131.33	13.03	$18,200
May 2008	260	317	123.17	11.57	$35,693
Apr 2008	125	312	110.31	10.45	$17,051
Mar 2008	126	370	101.90	9.66	$16,415
Feb 2008	132	330	92.53	8.77	$15,108
Jan 2008	218	336	90.38	8.21	$22,460
Dec 2007	139	234	88.33	7.30	$13,987
Nov 2007	255	236	91.67	7.29	$25,097
Oct 2007	132	258	82.85	6.92	$12,722
Sep 2007	139	228	75.84	6.24	$11,965
Aug 2007	122	194	69.06	6.39	$9,665
Jul 2007	131	220	70.90	6.39	$10,693
Jun 2007	141	212	62.00	7.55	$10,342
May 2007	166	224	58.74	7.85	$11,508
Apr 2007	294	264	59.61	7.81	$19,586
Mar 2007	380	450	56.92	7.30	$24,915
Feb 2007	301	434	55.10	8.22	$20,151
Jan 2007	226	414	50.30	6.73	$14,153
Dec 2006	131	364	56.65	6.92	$9,939
Nov 2006	228	277	54.20	7.62	$14,468
Oct 2006	259	439	54.90	6.01	$16,859
Sep 2006	312	426	60.08	5.04	$20,891
Aug 2006	363	416	68.71	7.34	$27,995
Jul 2006	22	401	69.37	6.34	$4,070
Jun 2006	448	400	66.28	6.38	$32,247
May 2006	0	515	66.01	6.42	$3,309
Apr 2006	156	504	64.39	7.36	$13,755
Mar 2006	149	436	56.70	7.08	$11,536
Feb 2006	154	444	57.59	7.75	$12,310
Jan 2006	153	397	60.59	8.93	$12,817
Dec 2005	240	412	54.94	13.42	$18,713
Nov 2005	119	423	54.69	10.59	$10,987
Oct 2005	139	506	58.34	13.80	$15,090
Sep 2005	94	452	61.45	12.08	$11,236
Aug 2005	108	542	61.51	9.80	$11,953
Jul 2005	0	416	55.69	7.84	$3,263
Jun 2005	254	496	52.33	7.38	$16,953
May 2005	92	433	45.22	6.65	$7,040
Apr 2005	90	450	49.20	7.36	$7,740
Mar 2005	230	1,008	50.37	7.15	$18,797
Feb 2005	139	694	45.22	6.31	$10,666
Jan 2005	85	754	43.16	6.32	$8,436
Dec 2004	140	261	39.86	6.75	$7,342
Nov 2004	153	439	45.28	6.33	$9,707
Oct 2004	157	771	49.70	6.52	$12,826
Sep 2004	139	768	43.24	5.28	$10,068
Aug 2004	190	591	42.37	5.55	$11,331
Jul 2004	0	468	38.28	6.08	$2,847
Jun 2004	315	658	36.10	6.43	$15,604
May 2004	163	724	37.48	6.49	$10,811
Apr 2004	156	678	34.47	5.86	$9,349
Mar 2004	180	733	34.36	5.53	$10,238
Feb 2004	175	603	32.45	5.51	$9,001
Jan 2004	157	586	32.03	6.30	$8,720
Dec 2003	178	552	30.26	6.30	$8,865
Nov 2003	188	342	28.80	4.60	$6,986
Oct 2003	184	153	28.17	4.76	$5,912
Sep 2003	0	165	26.31	4.75	$784
Aug 2003	186	320	29.76	5.13	$7,177
Jul 2003	153	656	29.41	5.17	$7,892
Jun 2003	133	450	28.56	5.98	$6,491
May 2003	268	359	26.59	5.97	$9,270
Apr 2003	128	296	26.67	5.41	$5,014
Mar 2003	273	582	31.14	6.10	$12,049
Feb 2003	140	675	33.48	7.93	$10,037
Jan 2003	140	649	30.31	5.58	$7,866
Dec 2002	264	828	26.91	4.85	$11,123
Nov 2002	133	531	24.66	4.14	$5,477
Oct 2002	271	572	26.46	4.23	$9,590
Sep 2002	139	453	27.44	3.64	$5,461
Aug 2002	312	650	25.96	3.16	$10,156
Jul 2002	318	606	24.58	3.06	$9,672
Jun 2002	139	652	23.73	3.34	$5,475
May 2002	243	771	24.66	3.58	$8,756
Apr 2002	102	514	23.65	3.51	$4,218
Mar 2002	193	611	22.00	3.10	$6,142
Feb 2002	110	610	18.22	2.38	$3,453
Jan 2002	235	675	17.17	2.38	$5,639
Dec 2001	218	884	16.93	2.36	$5,781
Nov 2001	220	707	18.07	2.41	$5,676
Oct 2001	108	694	19.78	2.53	$3,891
Sep 2001	162	588	24.26	2.25	$5,254
Aug 2001	59	466	24.87	3.05	$2,890
Jul 2001	169	430	23.93	3.20	$5,419
Jun 2001	218	632	24.56	3.82	$7,771
May 2001	103	456	25.52	4.31	$4,593
Apr 2001	208	681	24.68	5.34	$8,767
Mar 2001	217	687	24.54	5.38	$9,019
Feb 2001	117	571	27.75	5.77	$6,540
Jan 2001	111	571	27.47	8.40	$7,845
Dec 2000	119	750	26.88	9.12	$10,041
Nov 2000	134	676	32.21	5.66	$8,141
Oct 2000	280	718	31.23	5.15	$12,439
Sep 2000	141	533	31.87	5.19	$7,258
Aug 2000	319	705	29.64	4.54	$12,656
Jul 2000	164	865	28.53	4.09	$8,217
Jun 2000	264	638	29.30	4.40	$10,541
May 2000	259	400	27.26	3.68	$8,532
Apr 2000	124	464	24.51	3.12	$4,485
Mar 2000	133	421	28.42	2.86	$4,984
Feb 2000	134	387	27.62	2.73	$4,756
Jan 2000	134	664	25.27	2.48	$5,033
Dec 1999	139	623	24.28	2.42	$4,885
Nov 1999	583	522	23.19	2.43	$14,790
Oct 1999	135	400	20.98	2.80	$3,954
Sep 1999	129	260	21.75	2.62	$3,487
Aug 1999	311	0	19.26	2.88	$5,990
Jul 1999	199	0	17.89	2.37	$3,560
Jun 1999	367	882	15.94	2.36	$7,933
May 1999	745	1,218	15.79	2.32	$14,591
Apr 1999	378	1,256	15.10	2.21	$8,481
Mar 1999	736	1,247	12.47	1.84	$11,470
Feb 1999	380	1,135	9.98	1.82	$5,856
Jan 1999	346	1,302	10.38	1.90	$6,065
Dec 1998	732	1,377	9.20	1.77	$9,176
Nov 1998	351	999	10.89	2.19	$6,006
Oct 1998	732	981	12.42	1.97	$11,023
Sep 1998	354	1,545	12.59	2.08	$7,675
Aug 1998	721	1,792	11.30	1.91	$11,565
Jul 1998	368	1,766	11.74	2.24	$8,271
Jun 1998	710	2,430	11.24	2.24	$13,417
May 1998	367	3,127	12.62	2.21	$11,531
Apr 1998	1,088	2,150	13.04	2.51	$19,574
Mar 1998	376	2,792	12.80	2.31	$11,261
Feb 1998	676	2,491	13.95	2.30	$15,157
Jan 1998	0	2,568	14.70	2.15	$5,534
Dec 1997	738	2,467	16.32	2.41	$17,992
Nov 1997	374	2,118	18.19	3.09	$13,344
Oct 1997	362	2,630	19.25	3.15	$15,253
Sep 1997	354	2,542	17.74	2.95	$13,791
Aug 1997	372	2,567	17.86	2.55	$13,202
Jul 1997	713	2,719	17.58	2.25	$18,644
Jun 1997	685	2,298	17.24	2.26	$16,996
May 1997	380	2,492	18.97	2.31	$12,961
Apr 1997	743	2,034	17.88	2.08	$17,521
Mar 1997	0	2,144	18.95	1.94	$4,158
Feb 1997	358	1,730	20.49	2.21	$11,152
Jan 1997	432	1,834	23.48	3.54	$16,635
Dec 1996	471	8,315	23.32	—	$10,984
Nov 1996	479	8,494	21.97	—	$10,524
Oct 1996	470	6,557	23.31	—	$10,956
Sep 1996	457	3,250	22.22	—	$10,155
Aug 1996	435	3,198	20.26	—	$8,813
Jul 1996	0	3,720	19.55	—	$0
Jun 1996	0	3,765	18.73	—	$0
May 1996	447	3,816	19.43	—	$8,685
Apr 1996	0	3,758	21.51	—	$0
Mar 1996	469	3,984	19.38	—	$9,089
Feb 1996	0	6,428	16.98	—	$0
Jan 1996	472	9,887	17.07	—	$8,057
Dec 1995	0	8,568	17.19	—	$0
Nov 1995	463	3,786	16.00	—	$7,408
Oct 1995	0	5,065	15.43	—	$0
Sep 1995	461	7,297	16.18	—	$7,459
Aug 1995	440	11,290	15.92	—	$7,005
Jul 1995	0	10,478	15.24	—	$0
Jun 1995	452	8,905	16.41	—	$7,417
May 1995	0	7,751	17.56	—	$0
Apr 1995	448	7,643	17.73	—	$7,943
Mar 1995	452	7,922	16.44	—	$7,431
Feb 1995	0	9,995	16.58	—	$0
Jan 1995	445	13,350	15.92	—	$7,084
Dec 1994	450	13,053	15.03	—	$6,764
Nov 1994	445	12,042	15.90	—	$7,076
Oct 1994	0	9,818	15.58	—	$0
Sep 1994	446	4,514	15.29	—	$6,819
Aug 1994	0	7,746	16.13	—	$0
Jul 1994	439	10,448	17.56	—	$7,709
Jun 1994	448	7,906	17.09	—	$7,656
May 1994	0	9,891	15.88	—	$0
Apr 1994	440	8,131	14.14	—	$6,222
Mar 1994	458	11,386	12.46	—	$5,707
Feb 1994	449	7,569	12.50	—	$5,613
Jan 1994	0	9,997	12.66	—	$0
Dec 1993	457	5,962	12.33	—	$5,635
Nov 1993	455	6,200	14.49	—	$6,593
Oct 1993	437	9,094	15.85	—	$6,926
Sep 1993	0	6,357	15.03	—	$0
Aug 1993	442	4,393	15.66	—	$6,922
Jul 1993	463	4,113	15.46	—	$7,158
Jun 1993	0	9,832	16.79	—	$0
May 1993	449	9,421	17.68	—	$7,938
Apr 1993	459	12,133	18.05	—	$8,285
Mar 1993	458	12,400	18.14	—	$8,308
Feb 1993	463	10,589	17.90	—	$8,288
Jan 1993	439	11,558	16.93	—	$7,432

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.

Aug 2015 — as filed, then multipliedworked

Oil                   42 bbl  × $ 40.16 =     $1,687
Casinghead gas       136 Mcf  × $  2.87 =       $391

────────────────────────────────────────────────────
Month total                                   $2,077

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/26369 is the state's own key, not one this site invented.