KEYSTONE CATTLE COMPANY

Operated by FORMENTERA OPERATIONS LLC (P-5 276959) in the KEYSTONE (COLBY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 27106District 08Field 49129132Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$7.8 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
401
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 157 leases and 1,140 wells, and the rule below applies to all of them.

Discovered
1939-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
880 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 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.

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
NGPA6none

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
OilDisposition164,757 bbl$7,072,443
Casinghead gasProduction247,579 Mcf$732,883
Total$7,805,326

86,701 Mcf of this lease's gas, across 45 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 (16)

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 31.9118, -103.0508. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.9 miles.

31.91201, -103.05094 · 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
50.0%
8 of 16 wells
With a plug date
50.0%
8 of 16 wells
Median depth
3,561 ft
16 wells filed one
Completion to plug
35.0 years
median over 8 wells

What the state filed about each well

On the RRC proration schedule
850.0%
A plug date is filed
850.0%
BothOn the schedule and plugged. Neither fact cancels the other.
850.0%
NeitherNo plug date, and not on the schedule.
850.0%

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

Total depth in feet, 16 of 16 wells. Median 3,561 ft, with the middle half between 3,540 and 3,611 ft; the shallowest is 3,475 ft and the deepest 5,000 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 16 of 16 wells, Oct 1981 – Nov 1988. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Oct 1981 – Nov 1988
16 of 16 wells
Plug dates filed
Nov 2007 – Dec 2024
8 of 16 wells; 8 filed none

Last completion to plug: a median of 35.0 years across the 8 wells that filed both dates, with the middle half between 26.0 years and 39.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

16 wells

42-4953142544,550 ftNov 1988Nov 2007Yes
42-495320101 W3,552 ftJan 1986
42-495320083 W3,615 ftDec 1985
42-495320092 W3,590 ftDec 1985
42-4953200718 C3,542 ftDec 1985
42-4953201217 C3,610 ftNov 1985Nov 2011Yes
42-495320114 W3,520 ftNov 1985Oct 2024Yes
42-4953171416C3,570 ftJan 1985Dec 2016Yes
42-4953171515 C3,545 ftApr 1984Dec 2024Yes
42-4953171114 C3,589 ftMar 1984Feb 2010Yes
42-4953162713 C3,475 ftMar 1984
42-4953167612 C3,547 ftDec 1983
42-4953162811C3,525 ftOct 1983Oct 2021Yes
42-495316039C3,535 ftAug 1983
42-495315418C3,665 ftJan 1983Mar 2023Yes
42-495013451965,000 ftOct 1981

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 (401)

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

401 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 2024110069.052.20$7,596
Oct 2024119071.372.28$8,493
Sep 2024129269.612.36$8,984
Aug 20241397275.632.06$10,661
Jul 20241382879.932.15$11,090
Jun 20241541878.082.63$12,072
May 20241783678.812.20$14,107
Apr 2024107084.451.66$9,036
Mar 20242348980.301.55$18,928
Feb 202413515376.091.78$10,545
Jan 202416213773.023.30$12,281
Dec 202317714271.262.61$12,984
Nov 20231772577.892.81$13,857
Oct 20231807885.443.09$15,620
Sep 20231189089.042.74$10,753
Aug 202323312480.522.67$19,093
Jul 202330414374.852.64$23,132
Jun 202335220768.962.26$24,741
May 202326922370.622.23$19,493
Apr 202340618478.122.24$32,128
Mar 202358717572.852.39$43,182
Feb 202304975.112.47$121
Jan 202304876.533.39$163
Dec 20221152676.415.73$8,936
Nov 20221735685.005.65$15,021
Oct 20222675287.185.86$23,582
Sep 202237711384.888.16$32,922
Aug 202226617494.529.13$26,730
Jul 2022322159101.587.54$33,908
Jun 2022360130115.097.98$42,469
May 2022305366109.378.43$36,444
Apr 2022253157104.226.84$27,441
Mar 2022451148108.885.08$49,856
Feb 202232312691.054.86$30,021
Jan 202232312681.844.54$27,006
Dec 202128010271.323.90$20,367
Nov 202138916677.435.24$30,990
Oct 20213822979.795.71$30,645
Sep 2021387069.865.35$27,036
Aug 2021359866.024.22$23,735
Jul 202129624270.783.98$21,915
Jun 2021325069.493.38$22,584
May 2021151763.483.02$1,004
Apr 2021151460.362.76$944
Mar 2021161661.302.72$1,024
Feb 2021131257.805.55$818
Jan 2021181350.412.81$944
Dec 2020151144.642.68$699
Nov 202020038.772.71$775
Oct 202013236.972.48$486
Sep 2020211137.091.99$801
Aug 2020161139.982.39$666
Jul 2020211138.371.83$826
Jun 2020341134.901.69$1,205
May 2020621816.921.81$1,082
Apr 2020822014.751.80$1,246
Mar 2020452130.341.86$1,404
Feb 2020871249.881.98$4,363
Jan 2020742657.252.09$4,291
Dec 2019311859.012.30$1,871
Nov 201901155.302.75$30
Oct 201901553.472.42$36
Sep 20190055.052.66$0
Aug 201905353.112.30$122
Jul 2019732456.272.46$4,167
Jun 201903352.782.49$82
May 20191034558.482.74$6,147
Apr 2019314562.632.75$2,065
Mar 20191273556.803.06$7,321
Feb 2019872750.852.79$4,499
Jan 20191164746.033.23$5,491
Dec 2018862446.594.19$4,107
Nov 201858052.934.24$3,070
Oct 20181144061.443.40$7,140
Sep 20181037759.543.11$6,372
Aug 20181519759.403.07$9,267
Jul 20188013865.142.93$5,616
Jun 20189416460.183.08$6,162
May 2018343265.382.90$2,316
Apr 201811411563.842.90$7,611
Mar 2018925661.222.79$5,788
Feb 201854361.782.77$3,344
Jan 201891562.874.01$5,741
Dec 2017127157.272.92$7,276
Nov 2017110555.423.12$6,112
Oct 2017105549.292.98$5,190
Sep 20171464647.523.09$7,080
Aug 2017713745.373.00$3,332
Jul 2017105043.873.09$4,606
Jun 2017107042.493.09$4,546
May 2017187045.373.26$8,484
Apr 2017172047.933.21$8,244
Mar 2017168046.772.98$7,857
Feb 201795050.452.95$4,793
Jan 2017220049.413.42$10,870
Dec 2016354048.763.72$17,261
Nov 2016165042.492.64$7,011
Oct 2016279046.193.09$12,887
Sep 2016270041.553.10$11,219
Aug 2016198041.442.92$8,205
Jul 20162833741.622.92$11,887
Jun 201625237045.352.69$12,422
May 201629046042.521.99$13,247
Apr 201630643736.561.99$12,057
Mar 201628838233.011.79$10,192
Feb 201628415926.472.06$7,846
Jan 201632225227.352.36$9,403
Dec 201524637432.362.00$8,709
Nov 201533545438.792.17$13,979
Oct 201523451543.552.43$11,440
Sep 201535039342.992.76$16,131
Aug 201535533640.162.87$15,222
Jul 201540624948.152.95$20,282
Jun 201535435956.152.88$20,912
May 201536839255.212.96$21,476
Apr 201545037149.822.71$23,423
Mar 201533017642.892.93$14,670
Feb 201533728144.662.98$15,887
Jan 201546631943.433.10$21,227
Dec 201451127954.693.59$28,949
Nov 201419521570.464.25$14,654
Oct 201436251278.303.90$30,342
Sep 201424349386.164.05$22,931
Aug 201421560689.394.04$21,664
Jul 201424661096.564.18$26,303
Jun 201417571898.164.74$20,579
May 20143181,07994.734.73$35,224
Apr 201428187595.944.81$31,167
Mar 201431055895.895.06$32,548
Feb 201427137897.406.19$28,736
Jan 201430930290.404.86$29,402
Dec 201330312591.824.35$28,366
Nov 201330919688.853.74$28,187
Oct 201326214897.423.78$26,083
Sep 2013162183104.113.72$17,546
Aug 2013213298104.253.52$23,255
Jul 2013263322102.523.72$28,160
Jun 201326149694.403.93$26,589
May 201337265194.834.15$37,978
Apr 201331656193.964.28$32,094
Mar 201324555793.623.91$25,116
Feb 201350549991.233.42$47,778
Jan 20136231,03991.603.42$60,620
Dec 20126851,05486.773.42$63,042
Nov 20128611,06586.953.62$78,725
Oct 20126561,06189.383.40$62,240
Sep 201246270094.672.92$45,780
Aug 201251763392.662.91$49,746
Jul 201237277185.133.02$33,997
Jun 201264769179.822.52$53,384
May 201241853291.612.49$39,617
Apr 2012307816101.652.00$32,836
Mar 2012251358105.052.22$27,163
Feb 2012725670101.102.57$75,020
Jan 201250164798.092.73$50,912
Dec 201149057396.873.24$49,323
Nov 201172954295.723.31$71,575
Oct 201152169384.983.65$46,803
Sep 201152658483.623.99$46,312
Aug 201125946283.404.15$23,518
Jul 201150914594.144.52$48,572
Jun 2011524092.904.64$48,680
May 201152651098.134.40$53,863
Apr 2011499431105.964.33$54,742
Mar 20115282596.364.06$50,980
Feb 201125923585.644.18$23,163
Jan 201147745086.504.59$43,325
Dec 201051450785.734.35$46,270
Nov 201053654380.843.80$45,391
Oct 201052949478.103.51$43,048
Sep 201026541872.633.98$20,910
Aug 201052927673.684.42$40,196
Jul 201026435072.554.74$20,811
Jun 201051438670.364.91$38,060
May 201025035771.124.24$19,292
Apr 201049031581.694.12$41,327
Mar 201025235478.394.39$21,308
Feb 201052040973.585.44$40,488
Jan 201053544474.365.96$42,431
Dec 200924927671.445.48$19,302
Nov 200953238174.593.75$41,111
Oct 200926537872.544.11$20,777
Sep 200952530565.543.06$35,343
Aug 20092658967.423.22$18,153
Jul 200926323261.133.46$16,881
Jun 200926042166.163.90$18,841
May 200953035154.743.93$30,390
Apr 200926646146.773.59$14,095
Mar 200952546942.144.06$24,027
Feb 200927160232.814.63$11,681
Jan 200953179635.865.37$23,317
Dec 200827198137.105.98$15,918
Nov 200852770155.496.86$34,052
Oct 200853073575.246.92$44,965
Sep 2008260371101.767.88$29,380
Aug 2008517604114.228.48$64,175
Jul 2008527575131.0811.39$75,628
Jun 2008266564131.3313.03$42,284
May 2008488564123.1711.57$66,635
Apr 2008529469110.3110.45$63,257
Mar 2008492409101.909.66$54,087
Feb 200853841892.538.77$53,447
Jan 200826355990.388.21$28,357
Dec 200747858888.337.30$46,515
Nov 200753453991.677.29$52,882
Oct 200753161982.856.92$48,278
Sep 200752976775.846.24$44,909
Aug 200752851969.066.39$39,779
Jul 200726346270.906.39$21,598
Jun 2007058062.007.55$4,378
May 200753059258.747.85$35,777
Apr 200726540759.617.81$18,973
Mar 200726244856.927.30$18,184
Feb 200726745355.108.22$18,434
Jan 200727134650.306.73$15,959
Dec 200626941656.656.92$18,117
Nov 200652960454.207.62$33,273
Oct 200653260854.906.01$32,863
Sep 200626564860.085.04$19,185
Aug 200626274468.717.34$23,463
Jul 200652775069.376.34$41,315
Jun 200626266666.286.38$21,617
May 200626665666.016.42$21,773
Apr 2006048264.397.36$3,548
Mar 200626941556.707.08$18,192
Feb 200626354557.597.75$19,371
Jan 200626456860.598.93$21,070
Dec 200526345854.9413.42$20,593
Nov 200551541054.6910.59$32,507
Oct 200526551558.3413.80$22,565
Sep 200552965761.4512.08$40,443
Aug 200552673661.519.80$39,565
Jul 200527180955.697.84$21,437
Jun 200553085952.337.38$34,075
May 200579396945.226.65$42,304
Apr 20052671,11549.207.36$21,343
Mar 20055281,04950.377.15$34,101
Feb 200526782245.226.31$17,262
Jan 200553462043.166.32$26,967
Dec 200454051839.866.75$25,021
Nov 200426555145.286.33$15,487
Oct 200453349849.706.52$29,735
Sep 200453267443.245.28$26,565
Aug 200453191042.375.55$27,550
Jul 200426696538.286.08$16,054
Jun 200453292236.106.43$25,136
May 200453192737.486.49$25,922
Apr 200426782034.475.86$14,007
Mar 200452595534.365.53$23,320
Feb 200453780632.455.51$21,866
Jan 200427078332.036.30$13,581
Dec 200326574830.266.30$12,733
Nov 20035331,12628.804.60$20,525
Oct 20035371,01328.174.76$19,949
Sep 200352393726.314.75$18,210
Aug 20035241,06129.765.13$21,037
Jul 20037941,05029.415.17$28,781
Jun 200326390728.565.98$12,938
May 200353261426.595.97$17,813
Apr 200353469426.675.41$17,994
Mar 200353090731.146.10$22,033
Feb 200353675633.487.93$23,937
Jan 200353791430.315.58$21,378
Dec 200274293226.914.85$24,491
Nov 200253587324.664.14$16,805
Oct 20022631,00026.464.23$11,188
Sep 20025271,16327.443.64$18,689
Aug 20025281,11325.963.16$17,229
Jul 20025271,14924.583.06$16,472
Jun 20025281,03323.733.34$15,978
May 200253298824.663.58$16,660
Apr 20028011,00523.653.51$22,474
Mar 200253598222.003.10$14,817
Feb 200279787018.222.38$16,588
Jan 20025171,00117.172.38$11,255
Dec 20011,0781,12716.932.36$20,915
Nov 200127293118.072.41$7,155
Oct 200153488019.782.53$12,788
Sep 200153297924.262.25$15,110
Aug 200126590824.873.05$9,363
Jul 20015271,05123.933.20$15,971
Jun 200152698224.563.82$16,674
May 20015261,12925.524.31$18,286
Apr 20012661,08524.685.34$12,354
Mar 200153598824.545.38$18,441
Feb 200153486627.755.77$19,813
Jan 200152995827.478.40$22,578
Dec 200026891626.889.12$15,560
Nov 200054483832.215.66$22,264
Oct 20005431,20631.235.15$23,163
Sep 20005291,12431.875.19$22,689
Aug 20005351,13029.644.54$20,988
Jul 20005361,15328.534.09$20,008
Jun 20005361,04729.304.40$20,309
May 20005321,03227.263.68$18,300
Apr 20005351,03424.513.12$16,335
Mar 200053884628.422.86$17,709
Feb 200052973127.622.73$16,604
Jan 200027077625.272.48$8,748
Dec 199926876224.282.42$8,354
Nov 199954286123.192.43$14,665
Oct 199952688420.982.80$13,514
Sep 199926282621.752.62$7,862
Aug 199953077119.262.88$12,425
Jul 199952382317.892.37$11,309
Jun 199952871115.942.36$10,096
May 199926865615.792.32$5,754
Apr 199926753815.102.21$5,220
Mar 199953463612.471.84$7,828
Feb 19995326129.981.82$6,422
Jan 199925764410.381.90$3,891
Dec 19983507009.201.77$4,461
Nov 199853265610.892.19$7,227
Oct 199852081112.421.97$8,055
Sep 199853090312.592.08$8,553
Aug 19985371,01711.301.91$8,008
Jul 19987951,20511.742.24$12,029
Jun 199853154811.242.24$7,194
May 199826961712.622.21$4,756
Apr 199853852813.042.51$8,338
Mar 199853748712.802.31$7,998
Feb 199827146713.952.30$4,854
Jan 199827262014.702.15$5,334
Dec 199795894516.322.41$17,913
Nov 199726669718.193.09$6,991
Oct 199779385719.253.15$17,965
Sep 199751868017.742.95$11,199
Aug 199773395117.862.55$15,521
Jul 19977681,09017.582.25$15,951
Jun 199751497417.242.26$11,060
May 19977631,08718.972.31$16,983
Apr 19977911,07817.882.08$16,388
Mar 19977471,08418.951.94$16,258
Feb 199777594220.492.21$17,958
Jan 19975341,03223.483.54$16,191
Dec 1996792023.32$18,469
Nov 199680880021.97$17,752
Oct 19968071,05523.31$18,811
Sep 19967911,05322.22$17,576
Aug 19967831,01020.26$15,864
Jul 19967721,12619.55$15,093
Jun 19967471,13218.73$13,991
May 19961,0051,19619.43$19,527
Apr 19965071,10521.51$10,906
Mar 19961,0231,15219.38$19,826
Feb 19967961,06316.98$13,516
Jan 19967541,14617.07$12,871
Dec 19951,0041,18117.19$17,259
Nov 19951,0171,17316.00$16,272
Oct 19951,0411,43315.43$16,063
Sep 19957511,13716.18$12,151
Aug 19957891,39215.92$12,561
Jul 19959971,44315.24$15,194
Jun 19958031,68316.41$13,177
May 19957711,75717.56$13,539
Apr 19951,0431,64217.73$18,492
Mar 19951,310016.44$21,536
Feb 1995484016.58$8,025
Jan 19957791,91015.92$12,402
Dec 19941,0172,16515.03$15,286
Nov 19947692,14015.90$12,227
Oct 19941,2902,59415.58$20,098
Sep 19947132,60815.29$10,902
Aug 19941,2593,04716.13$20,308
Jul 19947842,97417.56$13,767
Jun 19941,2692,72417.09$21,687
May 19941,0212,60015.88$16,213
Apr 19941,0422,44814.14$14,734
Mar 19941,0362,58012.46$12,909
Feb 19941,0172,35312.50$12,713
Jan 19941,0332,33812.66$13,078
Dec 19931,0572,57012.33$13,033
Nov 19931,3262,52814.49$19,214
Oct 19931,0062,49415.85$15,945
Sep 19931,0042,46415.03$15,090
Aug 19931,0062,55515.66$15,754
Jul 19931,4442,55715.46$22,324
Jun 19937922,53316.79$13,298
May 19931,3122,61017.68$23,196
Apr 19931,0272,55718.05$18,537
Mar 19931,3122,38518.14$23,800
Feb 19938182,11917.90$14,642
Jan 19931,2992,16916.93$21,992

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.

Nov 2024 — as filed, then multipliedworked
Oil                  110 bbl  × $ 69.05 =     $7,596
Casinghead gas         0 Mcf  × $  2.20 =         $0

────────────────────────────────────────────────────
Month total                                   $7,596

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/27106 is the state's own key, not one this site invented.