SLOAN, LARIO

Operated by MARALO, LLC (P-5 525339) in the DEEP ROCK (PENN.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 27081District 08Field 23907710Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$427 k
Jan 1993 – Feb 1999
Value, last 12 filed months
$15 k
at the published price for each month
Months reported
74
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 54 leases and 106 wells, and the rule below applies to all of them.

Discovered
1961-03-04
as the register files it
Field class
Oil
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 40 acres.

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: OPTIONAL 40 ACRE, DIAG. 2100

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
NGPA4none

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
OilDisposition24,805 bbl$411,960
Casinghead gasProduction30,539 Mcf$15,138
Total$427,098

24,382 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 (4)

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 32.2889, -102.6329. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

32.28974, -102.63288 · 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%
4 of 4 wells
With a plug date
100.0%
4 of 4 wells
Median depth
9,399 ft
4 wells filed one
Completion to plug
16.1 years
median over 4 wells

What the state filed about each well

On the RRC proration schedule
4100.0%
A plug date is filed
4100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
4100.0%
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 9,357 and 9,497 ft, median 9,399 ft, over the 4 wells that filed a depth.

Completions filed
Jan 1982 – Feb 1983
4 of 4 wells
Plug dates filed
Nov 1990 – Jan 1999
4 of 4 wells

Last completion to plug: a median of 16.1 years across the 4 wells that filed both dates, with the middle half between 14.1 years and 16.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-0033341449,497 ftFeb 1983Dec 1998Yes
42-0033329439,400 ftSep 1982Jan 1999Yes
42-0033314429,398 ftMay 1982Dec 1998Yes
42-0033300019,357 ftJan 1982Nov 1990Yes

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 (74)

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

74 months

Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 199803112.421.97$61
Sep 1998010912.592.08$227
Aug 199833011911.301.91$3,956
Jul 1998012611.742.24$282
Jun 1998015011.242.24$336
May 199866624812.622.21$8,952
Apr 1998027613.042.51$691
Mar 1998025412.802.31$587
Feb 199836242713.952.30$6,032
Jan 1998042714.702.15$920
Dec 199736031616.322.41$6,637
Nov 199736632518.193.09$7,661
Oct 1997032419.253.15$1,021
Sep 199736534317.742.95$7,489
Aug 199734937417.862.55$7,189
Jul 1997039517.582.25$888
Jun 199736536717.242.26$7,121
May 199737135718.972.31$7,862
Apr 199737031917.882.08$7,280
Mar 199737024218.951.94$7,481
Feb 199737728020.492.21$8,342
Jan 1997034823.483.54$1,232
Dec 1996028123.32$0
Nov 199637131421.97$8,151
Oct 199637940223.31$8,834
Sep 199635037922.22$7,777
Aug 1996044220.26$0
Jul 199638044019.55$7,429
Jun 199648043718.73$8,990
May 199648346419.43$9,385
Apr 199648639921.51$10,454
Mar 1996044819.38$0
Feb 199648642216.98$8,252
Jan 199646343017.07$7,903
Dec 1995046317.19$0
Nov 199548945816.00$7,824
Oct 199547841315.43$7,376
Sep 1995043516.18$0
Aug 199545843315.92$7,291
Jul 199546939015.24$7,148
Jun 199547645616.41$7,811
May 1995045317.56$0
Apr 199548246317.73$8,546
Mar 199548138816.44$7,908
Feb 199547334416.58$7,842
Jan 199548936315.92$7,785
Dec 199448939815.03$7,350
Nov 199447637415.90$7,568
Oct 1994065915.58$0
Sep 199448477015.29$7,400
Aug 199493981816.13$15,146
Jul 199447874717.56$8,394
Jun 199448075917.09$8,203
May 199448374615.88$7,670
Apr 199447472314.14$6,702
Mar 199448971712.46$6,093
Feb 199448068912.50$6,000
Jan 199447982112.66$6,064
Dec 199348248412.33$5,943
Nov 199347936014.49$6,941
Oct 199348840015.85$7,735
Sep 199348352415.03$7,259
Aug 199348255915.66$7,548
Jul 199348455415.46$7,483
Jun 199348452716.79$8,126
May 199395552117.68$16,884
Apr 1993158818.05$18
Mar 199392557618.14$16,780
Feb 199348255617.90$8,628
Jan 199348559516.93$8,211

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.

Oct 1998 — as filed, then multipliedworked
Oil                    0 bbl  × $ 12.42 =         $0
Casinghead gas        31 Mcf  × $  1.97 =        $61

────────────────────────────────────────────────────
Month total                                      $61

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/27081 is the state's own key, not one this site invented.