MIDLAND FARMS -BC-

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 27935District 08Field 30394500NGPA filingOilCasinghead gasSaveExport
Value, all time
$1.1 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
NGPA3none

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
OilDisposition13,657 bbl$705,870
Casinghead gasProduction171,318 Mcf$412,034
Total$1,117,904

80,839 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 (3)

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 32.1119, -102.4701. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

32.11143, -102.46993 · 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
33.3%
1 of 3 wells
With a plug date
33.3%
1 of 3 wells
Median depth
10,360 ft
3 wells filed one
Completion to plug
4.5 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
133.3%
A plug date is filed
133.3%
BothOn the schedule and plugged. Neither fact cancels the other.
133.3%
NeitherNo plug date, and not on the schedule.
266.7%

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 10,338 and 10,465 ft, median 10,360 ft, over the 3 wells that filed a depth.

Completions filed
Feb 1983 – Jan 1984
3 of 3 wells
Plug dates filed
Jul 1988
1 of 3 wells; 2 filed none

Last completion to plug: a median of 4.5 years across the 1 well that filed both dates, with the middle half between 4.5 years and 4.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-00333745310,360 ftJan 1984Jul 1988Yes
42-00333533210,338 ftJun 1983
42-003334181 A10,465 ftFeb 1983

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 20254060.553.23$242
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 202512070.884.34$851
Jan 202512074.324.28$892
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 202309471.262.61$245
Nov 2023149877.892.81$1,366
Oct 202305785.443.09$176
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20238074.852.64$599
Jun 202312068.962.26$828
May 20235070.622.23$353
Apr 20237078.122.24$547
Mar 202315072.852.39$1,093
Feb 202319075.112.47$1,427
Jan 202310076.533.39$765
Dec 20228076.415.73$611
Nov 20220085.005.65$0
Oct 202231087.185.86$2,703
Sep 202218084.888.16$1,528
Aug 202218094.529.13$1,701
Jul 2022140101.587.54$1,422
Jun 2022290115.097.98$3,338
May 2022180109.378.43$1,969
Apr 2022618104.226.84$748
Mar 202260108.885.08$653
Feb 202216091.054.86$1,457
Jan 20227081.844.54$573
Dec 20219071.323.90$642
Nov 202115077.435.24$1,161
Oct 20218079.795.71$638
Sep 202113069.865.35$908
Aug 202110066.024.22$660
Jul 202110070.783.98$708
Jun 202114069.493.38$973
May 202114063.483.02$889
Apr 202114060.362.76$845
Mar 20217061.302.72$429
Feb 20217057.805.55$405
Jan 20217050.412.81$353
Dec 202014044.642.68$625
Nov 202013038.772.71$504
Oct 20207036.972.48$259
Sep 202013037.091.99$482
Aug 202013039.982.39$520
Jul 20206038.371.83$230
Jun 20206034.901.69$209
May 202012016.921.81$203
Apr 202012014.751.80$177
Mar 20206030.341.86$182
Feb 20206049.881.98$299
Jan 202012057.252.09$687
Dec 20196059.012.30$354
Nov 201917055.302.75$940
Oct 20195053.472.42$267
Sep 201911055.052.66$606
Aug 20190053.112.30$0
Jul 201910056.272.46$563
Jun 20195052.782.49$264
May 201911058.482.74$643
Apr 201911062.632.75$689
Mar 201912056.803.06$682
Feb 201914050.852.79$712
Jan 201932046.033.23$1,473
Dec 201818046.594.19$839
Nov 20189052.934.24$476
Oct 201814061.443.40$860
Sep 201810059.543.11$595
Aug 20185059.403.07$297
Jul 20184065.142.93$261
Jun 20184060.183.08$241
May 20180065.382.90$0
Apr 20184063.842.90$255
Mar 20184061.222.79$245
Feb 20184061.782.77$247
Jan 20182062.874.01$126
Dec 20173057.272.92$172
Nov 20177055.423.12$388
Oct 201716049.292.98$789
Sep 20170047.523.09$0
Aug 201723045.373.00$1,044
Jul 201746043.873.09$2,018
Jun 201724042.493.09$1,020
May 201721145.373.26$956
Apr 201712147.933.21$578
Mar 20170146.772.98$3
Feb 201717050.452.95$858
Jan 20175049.413.42$247
Dec 201629048.763.72$1,414
Nov 20160042.492.64$0
Oct 201611046.193.09$508
Sep 201623041.553.10$956
Aug 201611041.442.92$456
Jul 201617041.622.92$708
Jun 201621045.352.69$952
May 201620042.521.99$850
Apr 201611036.561.99$402
Mar 20160033.011.79$0
Feb 201631026.472.06$821
Jan 201639027.352.36$1,067
Dec 201577032.362.00$2,492
Nov 201517038.792.17$659
Oct 2015413243.552.43$1,863
Sep 201533842.992.76$1,441
Aug 20150040.162.87$0
Jul 2015732748.152.95$3,594
Jun 2015308756.152.88$1,935
May 2015809955.212.96$4,709
Apr 2015209149.822.71$1,243
Mar 20155520442.892.93$2,958
Feb 20154617844.662.98$2,584
Jan 2015012943.433.10$400
Dec 2014919054.693.59$1,175
Nov 2014010670.464.25$451
Oct 201401478.303.90$55
Sep 201465686.164.05$744
Aug 20145522389.394.04$5,816
Jul 2014014096.564.18$585
Jun 20144613198.164.74$5,136
May 20143231994.734.73$4,539
Apr 20143934995.944.81$5,420
Mar 20143137795.895.06$4,879
Feb 20143032397.406.19$4,922
Jan 2014576090.404.86$5,444
Dec 201306591.824.35$283
Nov 20133512888.853.74$3,588
Oct 20135315497.423.78$5,745
Sep 201324129104.113.72$2,978
Aug 20133255104.253.52$3,530
Jul 20133375102.523.72$3,662
Jun 2013329794.403.93$3,402
May 2013509894.834.15$5,148
Apr 20135025493.964.28$5,786
Mar 20135127593.623.91$5,851
Feb 20131526991.233.42$2,288
Jan 20132228991.603.42$3,004
Dec 20126827186.773.42$6,827
Nov 20127023586.953.62$6,938
Oct 2012959389.383.40$8,807
Sep 201204194.672.92$120
Aug 20121141792.662.91$10,613
Jul 2012385985.133.02$3,413
Jun 201210020379.822.52$8,493
May 20126323191.612.49$6,346
Apr 201254234101.652.00$5,956
Mar 201212537105.052.22$13,213
Feb 2012122242101.102.57$12,956
Jan 20128021898.092.73$8,443
Dec 20113726096.873.24$4,427
Nov 20112125795.723.31$2,861
Oct 20117726984.983.65$7,525
Sep 20115225483.623.99$5,361
Aug 20118727083.404.15$8,376
Jul 20115226894.144.52$6,106
Jun 20115223192.904.64$5,903
May 20114945198.134.40$6,795
Apr 201149447105.964.33$7,129
Mar 20114735296.364.06$5,957
Feb 20115119285.644.18$5,170
Jan 20116623886.504.59$6,801
Dec 20108629385.734.35$8,647
Nov 20109731680.843.80$9,041
Oct 20106739678.103.51$6,622
Sep 20106333672.633.98$5,913
Aug 20107726173.684.42$6,827
Jul 20105823172.554.74$5,302
Jun 20106513570.364.91$5,236
May 20106420671.124.24$5,424
Apr 20105212281.694.12$4,751
Mar 20106514578.394.39$5,732
Feb 20106715473.585.44$5,768
Jan 20108216974.365.96$7,105
Dec 20099417071.445.48$7,648
Nov 2009826674.593.75$6,364
Oct 20095421672.544.11$4,805
Sep 20096239365.543.06$5,268
Aug 20093522867.423.22$3,094
Jul 20098330261.133.46$6,120
Jun 20096032266.163.90$5,224
May 20094916254.743.93$3,318
Apr 20094941946.773.59$3,795
Mar 20098416242.144.06$4,197
Feb 20093811532.814.63$1,780
Jan 20097516935.865.37$3,597
Dec 20086017037.105.98$3,242
Nov 20084814355.496.86$3,645
Oct 20084845275.246.92$6,740
Sep 200872192101.767.88$8,839
Aug 200868343114.228.48$10,677
Jul 200867400131.0811.39$13,338
Jun 200854445131.3313.03$12,891
May 200822483123.1711.57$8,300
Apr 200880437110.3110.45$13,394
Mar 200868459101.909.66$11,365
Feb 20085742692.538.77$9,010
Jan 20086946290.388.21$10,027
Dec 200710146188.337.30$12,288
Nov 200710146391.677.29$12,635
Oct 20078148482.856.92$10,061
Sep 20072340475.846.24$4,267
Aug 20076452869.066.39$7,793
Jul 20073139370.906.39$4,708
Jun 20075323062.007.55$5,022
May 20076643658.747.85$7,298
Apr 20073240259.617.81$5,045
Mar 20076720956.927.30$5,340
Feb 20074832355.108.22$5,299
Jan 20075031650.306.73$4,641
Dec 20066726856.656.92$5,650
Nov 20062413954.207.62$2,360
Oct 20063721154.906.01$3,300
Sep 20062620460.085.04$2,590
Aug 20062418968.717.34$3,036
Jul 20062020669.376.34$2,694
Jun 20063920866.286.38$3,913
May 20064522666.016.42$4,423
Apr 20062516964.397.36$2,854
Mar 20063418456.707.08$3,231
Feb 20062216457.597.75$2,538
Jan 20064018360.598.93$4,058
Dec 20053018354.9413.42$4,103
Nov 20052718854.6910.59$3,467
Oct 20053020258.3413.80$4,537
Sep 20054817261.4512.08$5,027
Aug 20057219561.519.80$6,339
Jul 20052319055.697.84$2,771
Jun 20055020152.337.38$4,100
May 20053944845.226.65$4,743
Apr 20055247049.207.36$6,018
Mar 20055253650.377.15$6,454
Feb 20055449545.226.31$5,566
Jan 20054254943.166.32$5,284
Dec 20043055839.866.75$4,963
Nov 20045656645.286.33$6,119
Oct 20044474749.706.52$7,054
Sep 20042472843.245.28$4,884
Aug 20043876042.375.55$5,829
Jul 20045275838.286.08$6,602
Jun 20046661036.106.43$6,307
May 20043870137.486.49$5,977
Apr 20043757834.475.86$4,662
Mar 20044261834.365.53$4,861
Feb 20045758132.455.51$5,051
Jan 20043857832.036.30$4,858
Dec 20033957930.266.30$4,829
Nov 20035657628.804.60$4,260
Oct 20033760228.174.76$3,908
Sep 20034958926.314.75$4,087
Aug 20034361229.765.13$4,419
Jul 20033861729.415.17$4,308
Jun 20033459628.565.98$4,537
May 20032267026.595.97$4,587
Apr 20033181826.675.41$5,250
Mar 20033285831.146.10$6,227
Feb 20034171433.487.93$7,032
Jan 20034384030.315.58$5,992
Dec 20024284826.914.85$5,246
Nov 20025479724.664.14$4,629
Oct 20025392026.464.23$5,293
Sep 20025988427.443.64$4,832
Aug 20025240325.963.16$2,625
Jul 20029782124.583.06$4,898
Jun 200211073123.733.34$5,051
May 20022952424.663.58$2,593
Apr 20022846523.653.51$2,295
Mar 20023051722.003.10$2,264
Feb 20024546718.222.38$1,929
Jan 20023233517.172.38$1,345
Dec 20011310516.932.36$468
Nov 20013546718.072.41$1,756
Oct 20012748919.782.53$1,771
Sep 20012847624.262.25$1,751
Aug 20013149224.873.05$2,273
Jul 20013748823.933.20$2,446
Jun 20012845024.563.82$2,409
May 20012650625.524.31$2,843
Apr 20012936324.685.34$2,652
Mar 20012850224.545.38$3,386
Feb 20013447127.755.77$3,660
Jan 20012548627.478.40$4,769
Dec 20003247626.889.12$5,202
Nov 20003236532.215.66$3,096
Oct 20003054431.235.15$3,736
Sep 20003353631.875.19$3,832
Aug 20003355729.644.54$3,507
Jul 20003255228.534.09$3,171
Jun 20003057229.304.40$3,394
May 20002449127.263.68$2,461
Apr 20003156624.513.12$2,523
Mar 20003156828.422.86$2,505
Feb 20002349327.622.73$1,979
Jan 20003752025.272.48$2,225
Dec 19992952224.282.42$1,969
Nov 19992951423.192.43$1,924
Oct 19993453620.982.80$2,216
Sep 19993152821.752.62$2,057
Aug 19992955119.262.88$2,143
Jul 19993354117.892.37$1,874
Jun 19993852915.942.36$1,855
May 19993354415.792.32$1,784
Apr 19993352415.102.21$1,655
Mar 19993153912.471.84$1,377
Feb 1999355249.981.82$1,302
Jan 19993157710.381.90$1,418
Dec 1998335739.201.77$1,320
Nov 19982856510.892.19$1,540
Oct 19983359412.421.97$1,580
Sep 19982758812.592.08$1,565
Aug 19983563511.301.91$1,607
Jul 19982863211.742.24$1,743
Jun 19982365611.242.24$1,726
May 19983174412.622.21$2,033
Apr 19982374413.042.51$2,164
Mar 19982782212.802.31$2,244
Feb 19983176113.952.30$2,182
Jan 19983385914.702.15$2,336
Dec 19972386816.322.41$2,468
Nov 19973886618.193.09$3,366
Oct 19971582819.253.15$2,897
Sep 199715017.742.95$266
Aug 199723017.862.55$411
Jul 19971598417.582.25$2,475
Jun 19972685617.242.26$2,380
May 1997291,01018.972.31$2,882
Apr 1997371,01017.882.08$2,765
Mar 1997371,04518.951.94$2,728
Feb 19974783520.492.21$2,805
Jan 1997431,07423.483.54$4,811
Dec 1996381,10623.32$886
Nov 1996401,11421.97$879
Oct 1996451,20223.31$1,049
Sep 1996491,15622.22$1,089
Aug 1996421,20920.26$851
Jul 1996461,24819.55$899
Jun 1996401,20718.73$749
May 1996411,26019.43$797
Apr 1996471,18921.51$1,011
Mar 1996491,15719.38$950
Feb 19964882816.98$815
Jan 1996461,02117.07$785
Dec 1995601,24717.19$1,031
Nov 1995531,13016.00$848
Oct 19953764615.43$571
Sep 1995491,15916.18$793
Aug 1995521,41115.92$828
Jul 1995451,96615.24$686
Jun 1995371,84716.41$607
May 1995422,65317.56$738
Apr 1995511,42517.73$904
Mar 1995562,84916.44$921
Feb 1995673,40116.58$1,111
Jan 1995851,80315.92$1,353
Dec 1994561,62215.03$842
Nov 1994281,46515.90$445
Oct 1994341,62915.58$530
Sep 1994761,54215.29$1,162
Aug 1994332,69716.13$532
Jul 1994272,67017.56$474
Jun 199430117.09$513
May 1994482,19415.88$762
Apr 1994622,78414.14$877
Mar 1994592,75612.46$735
Feb 1994492,82212.50$613
Jan 1994611,70512.66$772
Dec 1993581,75312.33$715
Nov 1993571,66314.49$826
Oct 1993601,73215.85$951
Sep 1993511,73815.03$767
Aug 1993561,83615.66$877
Jul 1993531,88615.46$819
Jun 1993491,86616.79$823
May 1993481,93017.68$849
Apr 1993581,84518.05$1,047
Mar 1993531,86318.14$961
Feb 1993561,69017.90$1,002
Jan 1993781,91616.93$1,321

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                    4 bbl  × $ 60.55 =       $242
Casinghead gas         0 Mcf  × $  3.23 =         $0

────────────────────────────────────────────────────
Month total                                     $242

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/27935 is the state's own key, not one this site invented.