MIDLAND FARMS -AX-

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 27799District 08Field 30394500NGPA filingOilCasinghead gasSaveExport
Value, all time
$3.8 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 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.

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
NGPA5none

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
OilDisposition42,305 bbl$1,694,259
Casinghead gasProduction710,305 Mcf$2,067,327
Total$3,761,586

211,942 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 (5)

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 32.1223, -102.4862. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

32.12222, -102.48577 · 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
20.0%
1 of 5 wells
With a plug date
20.0%
1 of 5 wells
Median depth
10,493 ft
5 wells filed one
Completion to plug
38.2 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
120.0%
A plug date is filed
120.0%
BothOn the schedule and plugged. Neither fact cancels the other.
120.0%
NeitherNo plug date, and not on the schedule.
480.0%

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 10,450 and 10,606 ft, median 10,493 ft, over the 5 wells that filed a depth.

Completions filed
Dec 1982 – Feb 1991
5 of 5 wells
Plug dates filed
Jul 2022
1 of 5 wells; 4 filed none

Last completion to plug: a median of 38.2 years across the 1 well that filed both dates, with the middle half between 38.2 years and 38.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells

42-00333977410,470 ftFeb 1991
42-00333976510,525 ftMay 1984Jul 2022Yes
42-00333719310,450 ftFeb 1984
42-00333505210,493 ftAug 1983
42-00333343110,606 ftDec 1982

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 20258060.553.23$484
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 202521074.324.28$1,561
Dec 202404668.993.12$144
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240779.932.15$15
Jun 202403578.082.63$92
May 202403778.812.20$81
Apr 202407184.451.66$118
Mar 2024010680.301.55$164
Feb 2024013376.091.78$237
Jan 2024016373.023.30$538
Dec 20230071.262.61$0
Nov 20231295577.892.81$3,616
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 2023044580.522.67$1,189
Jul 20231647574.852.64$2,452
Jun 20233098068.962.26$4,282
May 20231287970.622.23$2,805
Apr 20231687978.122.24$3,217
Mar 20233790272.852.39$4,854
Feb 20234873575.112.47$5,418
Jan 2023241,00676.533.39$5,245
Dec 20223098376.415.73$7,924
Nov 2022094685.005.65$5,341
Oct 20226392987.185.86$10,940
Sep 2022351,00184.888.16$11,143
Aug 20223698394.529.13$12,375
Jul 2022391,030101.587.54$11,730
Jun 2022851,080115.097.98$18,398
May 2022851,112109.378.43$18,674
Apr 2022491,204104.226.84$13,339
Mar 2022471,165108.885.08$11,031
Feb 2022881,00191.054.86$12,876
Jan 202211,15081.844.54$5,300
Dec 2021271,21471.323.90$6,659
Nov 2021601,30077.435.24$11,454
Oct 2021321,03079.795.71$8,439
Sep 202111487269.865.35$12,630
Aug 20216495166.024.22$8,239
Jul 20216187670.783.98$7,806
Jun 20217286469.493.38$7,924
May 20217159763.483.02$6,309
Apr 20217039060.362.76$5,301
Mar 20213452661.302.72$3,513
Feb 20213429857.805.55$3,618
Jan 2021341,05650.412.81$4,682
Dec 20206891044.642.68$5,470
Nov 20206788338.772.71$4,987
Oct 20203189936.972.48$3,374
Sep 2020651,09437.091.99$4,589
Aug 20206595539.982.39$4,876
Jul 20203292638.371.83$2,918
Jun 2020311,08834.901.69$2,921
May 2020611,05816.921.81$2,952
Apr 2020611,00014.751.80$2,704
Mar 2020311,06530.341.86$2,917
Feb 2020311,11749.881.98$3,759
Jan 2020611,22657.252.09$6,060
Dec 2019311,25259.012.30$4,714
Nov 20198794255.302.75$7,402
Oct 20192891753.472.42$3,715
Sep 2019601,24355.052.66$6,606
Aug 201901,26853.112.30$2,922
Jul 2019591,32456.272.46$6,577
Jun 2019291,17252.782.49$4,450
May 20195868958.482.74$5,280
Apr 20195594362.632.75$6,039
Mar 20195461756.803.06$4,957
Feb 20195392850.852.79$5,286
Jan 201913396646.033.23$9,240
Dec 2018691,18946.594.19$8,191
Nov 2018341,36152.934.24$7,567
Oct 2018781,28261.443.40$9,149
Sep 2018941,29859.543.11$9,631
Aug 2018841,30959.403.07$9,004
Jul 2018911,29365.142.93$9,719
Jun 2018931,10660.183.08$9,000
May 201801,28165.382.90$3,716
Apr 2018951,27563.842.90$9,763
Mar 20181091,30761.222.79$10,315
Feb 20181201,15361.782.77$10,603
Jan 20185695062.874.01$7,330
Dec 20171121,01857.272.92$9,388
Nov 201718382555.423.12$12,715
Oct 201711155449.292.98$7,124
Sep 2017027647.523.09$852
Aug 20179426445.373.00$5,058
Jul 201721329243.873.09$10,246
Jun 201711326642.493.09$5,623
May 201710637345.373.26$6,026
Apr 20178633547.933.21$5,198
Mar 2017030446.772.98$907
Feb 201717327150.452.95$9,528
Jan 20175047649.413.42$4,098
Dec 201631867748.763.72$18,026
Nov 2016094342.492.64$2,494
Oct 20161241,08746.193.09$9,087
Sep 20162791,07641.553.10$14,929
Aug 20161321,08941.442.92$8,655
Jul 20162141,12941.622.92$12,208
Jun 20163041,10745.352.69$16,760
May 20162991,20942.521.99$15,121
Apr 20161461,28636.561.99$7,898
Mar 201625576633.011.79$9,792
Feb 201614396826.472.06$5,783
Jan 20161821,07727.352.36$7,524
Dec 20155071,18032.362.00$18,768
Nov 2015771,00138.792.17$5,156
Oct 20154183743.552.43$3,817
Sep 20153378942.992.76$3,595
Aug 2015085240.162.87$2,447
Jul 2015731,08048.152.95$6,696
Jun 20153097856.152.88$4,504
May 20158098755.212.96$7,334
Apr 20152074149.822.71$3,002
Mar 2015552842.892.93$2,441
Feb 20155338844.662.98$3,522
Jan 201507243.433.10$223
Dec 20144063754.693.59$4,475
Nov 20143244970.464.25$4,164
Oct 20143657778.303.90$5,070
Sep 20146658886.164.05$8,065
Aug 20146185489.394.04$8,899
Jul 2014088796.564.18$3,707
Jun 20144693698.164.74$8,949
May 2014321,09494.734.73$8,202
Apr 2014391,17495.944.81$9,388
Mar 2014311,22595.895.06$9,167
Feb 2014571,00497.406.19$11,769
Jan 20147487290.404.86$10,928
Dec 2013067491.824.35$2,935
Nov 20133596388.853.74$6,710
Oct 2013561,04697.423.78$9,409
Sep 2013351,025104.113.72$7,455
Aug 2013331,108104.253.52$7,343
Jul 2013341,136102.523.72$7,709
Jun 2013341,01694.403.93$7,206
May 2013501,22194.834.15$9,808
Apr 2013501,26393.964.28$10,107
Mar 2013531,24893.623.91$9,845
Feb 2013271,10491.233.42$6,239
Jan 2013401,22691.603.42$7,857
Dec 20121031,11086.773.42$12,734
Nov 2012731,30186.953.62$11,063
Oct 2012851,45389.383.40$12,537
Sep 201201,38894.672.92$4,051
Aug 20121231,36092.662.91$15,352
Jul 2012631,17985.133.02$8,925
Jun 20121121,29179.822.52$12,192
May 20121131,41691.612.49$13,875
Apr 20121341,406101.652.00$16,429
Mar 2012313403105.052.22$33,776
Feb 20122981,274101.102.57$33,402
Jan 20122011,27198.092.73$23,191
Dec 2011921,38896.873.24$13,409
Nov 2011531,45795.723.31$9,898
Oct 20111921,96184.983.65$23,471
Sep 20111371,70483.623.99$18,248
Aug 20112151,68283.404.15$24,910
Jul 20111411,56794.144.52$20,352
Jun 20111721,54292.904.64$23,133
May 20111772,02998.134.40$26,306
Apr 20111692,067105.964.33$26,864
Mar 20111661,96496.364.06$23,964
Feb 20111711,62785.644.18$21,445
Jan 20112041,82086.504.59$25,998
Dec 20102371,81885.734.35$28,222
Nov 20102391,72980.843.80$25,883
Oct 20101111,78978.103.51$14,947
Sep 2010611,84872.633.98$11,784
Aug 2010771,94173.684.42$14,251
Jul 2010691,86372.554.74$13,830
Jun 2010761,30370.364.91$11,746
May 20106486871.124.24$8,228
Apr 20105278481.694.12$7,480
Mar 20106569778.394.39$8,154
Feb 20106753473.585.44$7,836
Jan 20108246274.365.96$8,853
Dec 20099441471.445.48$8,986
Nov 20098255274.593.75$8,187
Oct 20095494072.544.11$7,781
Sep 2009621,14165.543.06$7,560
Aug 2009351,99467.423.22$8,777
Jul 2009832,51161.133.46$13,773
Jun 2009601,59866.163.90$10,194
May 20094953554.743.93$4,783
Apr 20094964246.773.59$4,595
Mar 20098453542.144.06$5,711
Feb 20093845832.814.63$3,369
Jan 20097523635.865.37$3,957
Dec 200860037.105.98$2,226
Nov 2008487355.496.86$3,164
Oct 20084867075.246.92$8,249
Sep 200872330101.767.88$9,926
Aug 200868634114.228.48$13,145
Jul 200867657131.0811.39$16,265
Jun 200854578131.3313.03$14,625
May 200822601123.1711.57$9,666
Apr 200880769110.3110.45$16,865
Mar 200868816101.909.66$14,815
Feb 20085774892.538.77$11,835
Jan 20086978690.388.21$12,686
Dec 200710169588.337.30$13,996
Nov 200710171191.677.29$14,443
Oct 20078978182.856.92$12,780
Sep 20072457675.846.24$5,417
Aug 20075477469.066.39$8,674
Jul 20072082770.906.39$6,701
Jun 20074391062.007.55$9,535
May 20078193258.747.85$12,071
Apr 20075096059.617.81$10,473
Mar 20071031,01956.927.30$13,303
Feb 20076979355.108.22$10,317
Jan 20076893350.306.73$9,697
Dec 20068978356.656.92$10,459
Nov 20064449354.207.62$6,140
Oct 20068594254.906.01$10,332
Sep 20065789960.085.04$7,953
Aug 20067982868.717.34$11,506
Jul 20068998269.376.34$12,403
Jun 20068898166.286.38$12,095
May 20068097366.016.42$11,532
Apr 2006481,15564.397.36$11,592
Mar 2006741,53556.707.08$15,068
Feb 2006541,75357.597.75$16,698
Jan 20061282,07460.598.93$26,283
Dec 2005932,04554.9413.42$32,544
Nov 2005662,21554.6910.59$27,063
Oct 2005622,27058.3413.80$34,933
Sep 2005802,02261.4512.08$29,340
Aug 20051202,27461.519.80$29,659
Jul 2005351,87755.697.84$16,672
Jun 2005701,90552.337.38$17,724
May 2005471,87045.226.65$14,563
Apr 2005601,94749.207.36$17,283
Mar 2005701,79650.377.15$16,376
Feb 2005891,75545.226.31$15,102
Jan 2005992,22643.166.32$18,346
Dec 2004661,97539.866.75$15,964
Nov 2004952,12545.286.33$17,754
Oct 20041102,29549.706.52$20,419
Sep 2004902,29143.245.28$15,997
Aug 20041422,39542.375.55$19,310
Jul 20041602,38238.286.08$20,617
Jun 20041972,40736.106.43$22,596
May 20041392,61537.486.49$22,193
Apr 2004961,81934.475.86$13,966
Mar 2004971,85734.365.53$13,602
Feb 20041021,63632.455.51$12,324
Jan 2004681,90232.036.30$14,160
Dec 20031131,93230.266.30$15,594
Nov 20031192,00728.804.60$12,650
Oct 2003782,19528.174.76$12,645
Sep 20031252,34726.314.75$14,436
Aug 20031262,47329.765.13$16,436
Jul 20031242,29129.415.17$15,493
Jun 20031122,38828.565.98$17,486
May 2003762,62626.595.97$17,705
Apr 20031172,59226.675.41$17,136
Mar 20031252,68431.146.10$20,254
Feb 20031312,29633.487.93$22,584
Jan 20031252,21730.315.58$16,164
Dec 20021282,50426.914.85$15,598
Nov 20021572,37924.664.14$13,713
Oct 20021172,69626.464.23$14,498
Sep 20021132,68627.443.64$12,865
Aug 20021092,35125.963.16$10,269
Jul 20021092,81624.583.06$11,301
Jun 20021082,70723.733.34$11,599
May 20021162,62724.663.58$12,276
Apr 20021262,69723.653.51$12,453
Mar 20021272,74222.003.10$11,302
Feb 20021412,43918.222.38$8,363
Jan 20021252,43417.172.38$7,929
Dec 20011282,67816.932.36$8,499
Nov 20011582,60118.072.41$9,112
Oct 20011142,84719.782.53$9,455
Sep 20011062,31724.262.25$7,788
Aug 20011012,23924.873.05$9,348
Jul 20011172,42023.933.20$10,537
Jun 2001872,44724.563.82$11,494
May 2001952,64725.524.31$13,826
Apr 20011222,22324.685.34$14,871
Mar 20011252,59324.545.38$17,009
Feb 20011392,34527.755.77$17,381
Jan 20011102,57227.478.40$24,623
Dec 20001422,44926.889.12$26,158
Nov 20001412,49932.215.66$18,681
Oct 20001212,75531.235.15$17,955
Sep 20001232,68331.875.19$17,835
Aug 20001192,94129.644.54$16,882
Jul 20001182,98928.534.09$15,591
Jun 20001183,02129.304.40$16,741
May 2000912,55727.263.68$11,890
Apr 20001242,90324.513.12$12,085
Mar 20001202,89828.422.86$11,698
Feb 2000952,63827.622.73$9,816
Jan 20001592,73325.272.48$10,797
Dec 19991322,80924.282.42$10,013
Nov 19991352,90723.192.43$10,206
Oct 19991603,06920.982.80$11,961
Sep 19991372,99121.752.62$10,813
Aug 19991323,24119.262.88$11,862
Jul 19991503,20017.892.37$10,275
Jun 19991633,02715.942.36$9,748
May 19991483,14815.792.32$9,643
Apr 19991562,97315.102.21$8,920
Mar 19991453,04312.471.84$7,402
Feb 19991842,8739.981.82$7,059
Jan 19991773,13910.381.90$7,801
Dec 19981863,1509.201.77$7,297
Nov 19981343,13510.892.19$8,311
Oct 19981623,35912.421.97$8,627
Sep 19981263,34612.592.08$8,555
Aug 19981583,52811.301.91$8,515
Jul 19981263,63111.742.24$9,603
Jun 19981113,51311.242.24$9,107
May 19981793,65112.622.21$10,314
Apr 19981573,45013.042.51$10,691
Mar 19981743,55512.802.31$10,437
Feb 19981722,82413.952.30$8,892
Jan 19981542,74314.702.15$8,174
Dec 19971283,02216.322.41$9,375
Nov 19971863,26918.193.09$13,479
Oct 19971203,05319.253.15$11,926
Sep 19971213,33017.742.95$11,986
Aug 19971603,43817.862.55$11,641
Jul 19971203,60017.582.25$10,199
Jun 19971652,75717.242.26$9,068
May 19971292,97018.972.31$9,303
Apr 19971393,07017.882.08$8,879
Mar 19971163,33918.951.94$8,673
Feb 19971562,42420.492.21$8,544
Jan 19972003,31523.483.54$16,430
Dec 19962313,52623.32$5,387
Nov 19962253,45121.97$4,943
Oct 19962223,75423.31$5,175
Sep 19962293,59122.22$5,088
Aug 19961843,87020.26$3,728
Jul 19962113,95319.55$4,125
Jun 19961423,81918.73$2,660
May 19961084,12219.43$2,098
Apr 19962063,80821.51$4,431
Mar 19962823,80019.38$5,465
Feb 19962043,59016.98$3,464
Jan 19962234,07917.07$3,807
Dec 19952393,78117.19$4,108
Nov 19952054,14316.00$3,280
Oct 19951874,09915.43$2,885
Sep 19953004,33316.18$4,854
Aug 19952974,59415.92$4,728
Jul 19953074,29915.24$4,679
Jun 19952433,80916.41$3,988
May 19952593,28817.56$4,548
Apr 19951723,57517.73$3,050
Mar 19952234,61816.44$3,666
Feb 19952464,34016.58$4,079
Jan 19952944,62615.92$4,680
Dec 19942054,57615.03$3,081
Nov 19942234,52815.90$3,546
Oct 19942424,84315.58$3,770
Sep 19942524,90915.29$3,853
Aug 19942584,56316.13$4,162
Jul 19942454,65117.56$4,302
Jun 19942424,20617.09$4,136
May 19942534,90115.88$4,018
Apr 19943033,84914.14$4,284
Mar 19942874,57412.46$3,576
Feb 19942173,39112.50$2,713
Jan 19943605,41312.66$4,558
Dec 19933675,44212.33$4,525
Nov 19932435,40614.49$3,521
Oct 19932716,07915.85$4,295
Sep 19932356,02015.03$3,532
Aug 19932686,42415.66$4,197
Jul 19932816,89115.46$4,344
Jun 19932464,99716.79$4,130
May 19932504,43817.68$4,420
Apr 19932624,20518.05$4,729
Mar 19932754,23718.14$4,989
Feb 19934454,05717.90$7,966
Jan 19931664,47416.93$2,810

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.

May 2025 — as filed, then multipliedworked
Oil                    8 bbl  × $ 60.55 =       $484
Casinghead gas         0 Mcf  × $  3.23 =         $0

────────────────────────────────────────────────────
Month total                                     $484

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/27799 is the state's own key, not one this site invented.