FEE -ZB-

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

Operated by FASKEN OIL AND RANCH, LTD. (P-5 263696) in the FASKEN (PENN.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 27345District 08Field 30394500OilCasinghead gasSave Export

Value, all time

$334 k

Jan 1993 – Oct 2002

Value, last 12 filed months

$9 k

at the published price for each month

Months reported

118

no gaps in the span

Streams

oil, casinghead gas

The FASKEN (PENN.) 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 38 leases and 106 wells, and the rule below applies to all of them.

Discovered

1956-02-13

as the register files it

Field class

Oil and gas

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 80 acres. The field rule took effect on 1994-03-01.

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA EFFECTIVE 03/01/94.”

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	12,892 bbl	$226,668
Casinghead gas	Production	84,990 Mcf	$107,630
Total			$334,298

50,608 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 (2)

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 32.0973, -102.4918. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.09734, -102.49180 · 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%

2 of 2 wells

With a plug date

0.0%

0 of 2 wells

Median depth

10,507 ft

2 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

2100.0%

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

Between 10,414 and 10,600 ft, median 10,507 ft, over the 2 wells that filed a depth.

Completions filed

Jun 1996 – Apr 2002

2 of 2 wells

2 wells


42-00333151	5	10,600 ft	Apr 2002	—	Yes
42-00333246	7	10,414 ft	Jun 1996	—	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 (118)

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

118 months


Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	0	24.66	3.58	$0
Apr 2002	23	0	23.65	3.51	$544
Mar 2002	87	441	22.00	3.10	$3,282
Feb 2002	30	49	18.22	2.38	$663
Jan 2002	52	82	17.17	2.38	$1,088
Dec 2001	83	155	16.93	2.36	$1,772
Nov 2001	75	280	18.07	2.41	$2,029
Oct 2001	46	286	19.78	2.53	$1,633
Sep 2001	45	322	24.26	2.25	$1,817
Aug 2001	64	349	24.87	3.05	$2,657
Jul 2001	59	331	23.93	3.20	$2,470
Jun 2001	57	355	24.56	3.82	$2,758
May 2001	66	330	25.52	4.31	$3,106
Apr 2001	38	305	24.68	5.34	$2,565
Mar 2001	33	646	24.54	5.38	$4,283
Feb 2001	31	583	27.75	5.77	$4,222
Jan 2001	25	564	27.47	8.40	$5,424
Dec 2000	32	667	26.88	9.12	$6,945
Nov 2000	29	430	32.21	5.66	$3,367
Oct 2000	21	581	31.23	5.15	$3,645
Sep 2000	66	833	31.87	5.19	$6,424
Aug 2000	63	795	29.64	4.54	$5,477
Jul 2000	64	711	28.53	4.09	$4,734
Jun 2000	76	664	29.30	4.40	$5,147
May 2000	56	585	27.26	3.68	$3,679
Apr 2000	55	515	24.51	3.12	$2,953
Mar 2000	78	532	28.42	2.86	$3,738
Feb 2000	75	529	27.62	2.73	$3,514
Jan 2000	78	727	25.27	2.48	$3,774
Dec 1999	80	867	24.28	2.42	$4,044
Nov 1999	74	580	23.19	2.43	$3,128
Oct 1999	79	630	20.98	2.80	$3,424
Sep 1999	76	564	21.75	2.62	$3,130
Aug 1999	67	676	19.26	2.88	$3,234
Jul 1999	59	472	17.89	2.37	$2,175
Jun 1999	55	393	15.94	2.36	$1,805
May 1999	70	442	15.79	2.32	$2,131
Apr 1999	84	536	15.10	2.21	$2,452
Mar 1999	75	569	12.47	1.84	$1,981
Feb 1999	77	604	9.98	1.82	$1,866
Jan 1999	82	595	10.38	1.90	$1,982
Dec 1998	77	583	9.20	1.77	$1,742
Nov 1998	78	577	10.89	2.19	$2,111
Oct 1998	88	474	12.42	1.97	$2,026
Sep 1998	84	537	12.59	2.08	$2,176
Aug 1998	99	607	11.30	1.91	$2,276
Jul 1998	92	515	11.74	2.24	$2,232
Jun 1998	78	605	11.24	2.24	$2,230
May 1998	78	593	12.62	2.21	$2,293
Apr 1998	74	562	13.04	2.51	$2,373
Mar 1998	87	644	12.80	2.31	$2,601
Feb 1998	87	273	13.95	2.30	$1,841
Jan 1998	133	714	14.70	2.15	$3,494
Dec 1997	133	783	16.32	2.41	$4,058
Nov 1997	77	627	18.19	3.09	$3,337
Oct 1997	82	639	19.25	3.15	$3,591
Sep 1997	88	727	17.74	2.95	$3,709
Aug 1997	77	719	17.86	2.55	$3,212
Jul 1997	109	646	17.58	2.25	$3,368
Jun 1997	122	668	17.24	2.26	$3,611
May 1997	84	661	18.97	2.31	$3,119
Apr 1997	89	526	17.88	2.08	$2,687
Mar 1997	124	720	18.95	1.94	$3,746
Feb 1997	94	616	20.49	2.21	$3,285
Jan 1997	82	791	23.48	3.54	$4,725
Dec 1996	184	756	23.32	—	$4,291
Nov 1996	111	728	21.97	—	$2,439
Oct 1996	85	806	23.31	—	$1,981
Sep 1996	138	674	22.22	—	$3,066
Aug 1996	83	838	20.26	—	$1,682
Jul 1996	112	854	19.55	—	$2,190
Jun 1996	139	836	18.73	—	$2,603
May 1996	133	795	19.43	—	$2,584
Apr 1996	173	844	21.51	—	$3,721
Mar 1996	217	927	19.38	—	$4,205
Feb 1996	164	914	16.98	—	$2,785
Jan 1996	151	866	17.07	—	$2,578
Dec 1995	137	990	17.19	—	$2,355
Nov 1995	165	806	16.00	—	$2,640
Oct 1995	200	814	15.43	—	$3,086
Sep 1995	139	815	16.18	—	$2,249
Aug 1995	175	970	15.92	—	$2,786
Jul 1995	171	941	15.24	—	$2,606
Jun 1995	171	784	16.41	—	$2,806
May 1995	181	814	17.56	—	$3,178
Apr 1995	133	628	17.73	—	$2,358
Mar 1995	187	836	16.44	—	$3,074
Feb 1995	154	1,080	16.58	—	$2,553
Jan 1995	186	1,325	15.92	—	$2,961
Dec 1994	169	784	15.03	—	$2,540
Nov 1994	135	827	15.90	—	$2,147
Oct 1994	164	1,421	15.58	—	$2,555
Sep 1994	184	975	15.29	—	$2,813
Aug 1994	163	1,243	16.13	—	$2,629
Jul 1994	149	1,272	17.56	—	$2,616
Jun 1994	204	996	17.09	—	$3,486
May 1994	163	1,038	15.88	—	$2,588
Apr 1994	202	1,011	14.14	—	$2,856
Mar 1994	162	1,049	12.46	—	$2,019
Feb 1994	204	1,272	12.50	—	$2,550
Jan 1994	124	766	12.66	—	$1,570
Dec 1993	210	1,146	12.33	—	$2,589
Nov 1993	261	1,339	14.49	—	$3,782
Oct 1993	240	1,572	15.85	—	$3,804
Sep 1993	191	1,462	15.03	—	$2,871
Aug 1993	49	1,547	15.66	—	$767
Jul 1993	116	1,777	15.46	—	$1,793
Jun 1993	173	1,501	16.79	—	$2,905
May 1993	210	1,522	17.68	—	$3,713
Apr 1993	279	1,523	18.05	—	$5,036
Mar 1993	263	1,633	18.14	—	$4,771
Feb 1993	283	1,450	17.90	—	$5,066
Jan 1993	304	841	16.93	—	$5,147

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.

Apr 2002 — as filed, then multipliedworked

Oil                   23 bbl  × $ 23.65 =       $544
Casinghead gas         0 Mcf  × $  3.51 =         $0

────────────────────────────────────────────────────
Month total                                     $544

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/27345 is the state's own key, not one this site invented.