ARMSTRONG

Operated by SLEDGE BROS. OIL CO. (P-5 787409) in the KEN REGAN (DELAWARE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 27254District 08Field 48754500OilCasinghead gasSaveExport
Value, all time
$313 k
Jan 1993 – Feb 2010
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
206
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 80 leases and 177 wells, and the rule below applies to all of them.

Discovered
1954-07-11
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 Commission's schedule remark for this field reads: MULTIPLE 49B ALLOW. 80 AC + 10% TOL.

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
OilDisposition7,759 bbl$169,179
Casinghead gasProduction45,774 Mcf$143,981
Total$313,160

10,651 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 31.7072, -103.8768. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.70719, -103.87675 · 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
0.0%
0 of 1 wells
Median depth
4,473 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
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 4,473 ft.

Completions filed
Mar 1982
1 of 1 wells

1 well

42-3891047914,473 ftMar 1982Yes

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 (206)

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

206 months

Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 200928071.445.48$2,000
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 2009170032.814.63$5,578
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 2007019150.306.73$1,285
Dec 2006022056.656.92$1,522
Nov 2006011954.207.62$906
Oct 2006026254.906.01$1,576
Sep 2006018660.085.04$937
Aug 2006023568.717.34$1,725
Jul 2006020369.376.34$1,288
Jun 2006017066.286.38$1,085
May 2006025566.016.42$1,638
Apr 2006015564.397.36$1,141
Mar 200631422956.707.08$19,426
Feb 2006018157.597.75$1,403
Jan 2006021260.598.93$1,894
Dec 2005021754.9413.42$2,911
Nov 2005029654.6910.59$3,134
Oct 2005018658.3413.80$2,566
Sep 2005017361.4512.08$2,090
Aug 200517418561.519.80$12,515
Jul 2005016155.697.84$1,263
Jun 2005026552.337.38$1,956
May 2005028345.226.65$1,882
Apr 2005030149.207.36$2,216
Mar 200517828850.377.15$11,026
Feb 2005014945.226.31$940
Jan 2005014843.166.32$936
Dec 20040039.866.75$0
Nov 200404045.286.33$253
Oct 2004012049.706.52$782
Sep 200409743.245.28$513
Aug 200409542.375.55$527
Jul 200406138.286.08$371
Jun 200407936.106.43$508
May 200407637.486.49$494
Apr 200409734.475.86$568
Mar 2004012534.365.53$691
Feb 2004013532.455.51$744
Jan 200408032.036.30$504
Dec 2003012730.266.30$800
Nov 200309428.804.60$432
Oct 200308628.174.76$409
Sep 200307926.314.75$375
Aug 2003011829.765.13$605
Jul 200307629.415.17$393
Jun 2003011528.565.98$688
May 200309726.595.97$579
Apr 2003013026.675.41$703
Mar 2003017831.146.10$1,085
Feb 2003023433.487.93$1,855
Jan 2003020230.315.58$1,128
Dec 2002026526.914.85$1,286
Nov 2002023424.664.14$968
Oct 2002024426.464.23$1,032
Sep 200232421827.443.64$9,683
Aug 2002021925.963.16$693
Jul 2002026724.583.06$817
Jun 2002032623.733.34$1,088
May 2002035124.663.58$1,258
Apr 2002023823.653.51$836
Mar 2002030022.003.10$931
Feb 200233734218.222.38$6,953
Jan 2002035517.172.38$843
Dec 2001043316.932.36$1,024
Nov 20013033018.072.41$1,336
Oct 2001034319.782.53$867
Sep 2001033724.262.25$759
Aug 2001029224.873.05$892
Jul 2001034023.933.20$1,087
Jun 200134130524.563.82$9,541
May 2001037325.524.31$1,607
Apr 2001053024.685.34$2,828
Mar 2001052324.545.38$2,812
Feb 2001055427.755.77$3,195
Jan 2001055527.478.40$4,661
Dec 2000061226.889.12$5,583
Nov 2000051632.215.66$2,920
Oct 2000042631.235.15$2,192
Sep 200016144231.875.19$7,424
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 2000042624.513.12$1,327
Mar 2000046328.422.86$1,324
Feb 200034132427.622.73$10,302
Jan 2000034025.272.48$843
Dec 1999038124.282.42$923
Nov 1999040323.192.43$981
Oct 1999057420.982.80$1,609
Sep 1999064821.752.62$1,697
Aug 199935054719.262.88$8,314
Jul 1999044717.892.37$1,060
Jun 1999034615.942.36$817
May 1999045115.792.32$1,047
Apr 1999032115.102.21$709
Mar 199914855912.471.84$2,873
Feb 19991875439.981.82$2,853
Jan 1999049910.381.90$948
Dec 199806579.201.77$1,165
Nov 199801,02210.892.19$2,234
Oct 1998049112.421.97$967
Sep 199835413512.592.08$4,738
Aug 199805711.301.91$109
Jul 199804111.742.24$92
Jun 199817925411.242.24$2,580
May 1998031612.622.21$697
Apr 199832769213.042.51$5,998
Mar 1998030812.802.31$711
Feb 1998032413.952.30$745
Jan 1998092914.702.15$2,002
Dec 1997068116.322.41$1,642
Nov 1997030718.193.09$948
Oct 1997033619.253.15$1,058
Sep 1997015917.742.95$470
Aug 1997016817.862.55$429
Jul 1997027517.582.25$618
Jun 199733520017.242.26$6,227
May 1997042918.972.31$990
Apr 1997034017.882.08$708
Mar 1997035218.951.94$683
Feb 1997037720.492.21$832
Jan 1997092023.483.54$3,257
Dec 199632755823.32$7,626
Nov 1996038221.97$0
Oct 1996038223.31$0
Sep 1996035022.22$0
Aug 1996022020.26$0
Jul 1996022319.55$0
Jun 199633768018.73$6,312
May 1996026819.43$0
Apr 1996030521.51$0
Mar 199632619819.38$6,318
Feb 1996031616.98$0
Jan 1996047017.07$0
Dec 1995044417.19$0
Nov 1995047316.00$0
Oct 1995040415.43$0
Sep 1995035816.18$0
Aug 1995039615.92$0
Jul 199516351115.24$2,484
Jun 1995032216.41$0
May 199534632317.56$6,076
Apr 1995053117.73$0
Mar 1995081416.44$0
Feb 199533147216.58$5,488
Jan 1995023515.92$0
Dec 199433526115.03$5,035
Nov 1994073315.90$0
Oct 19940115.58$0
Sep 19940115.29$0
Aug 19940116.13$0
Jul 19940117.56$0
Jun 19940117.09$0
May 19940115.88$0
Apr 1994635114.14$8,979
Mar 19940112.46$0
Feb 19940112.50$0
Jan 1994336112.66$4,254
Dec 19930112.33$0
Nov 19930114.49$0
Oct 19930115.85$0
Sep 19930115.03$0
Aug 19930115.66$0
Jul 19930115.46$0
Jun 19930116.79$0
May 1993345117.68$6,100
Apr 19930118.05$0
Mar 19930118.14$0
Feb 19930117.90$0
Jan 19930116.93$0

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.

Dec 2009 — as filed, then multipliedworked
Oil                   28 bbl  × $ 71.44 =     $2,000
Casinghead gas         0 Mcf  × $  5.48 =         $0

────────────────────────────────────────────────────
Month total                                   $2,000

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/27254 is the state's own key, not one this site invented.