MIDLAND FARMS -Y-

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 28539District 08Field 30394500NGPA filingOilCasinghead gasSaveExport
Value, all time
$1.5 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
NGPA1none

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
OilDisposition23,006 bbl$999,557
Casinghead gasProduction154,003 Mcf$540,235
Total$1,539,792

32,678 Mcf of this lease's gas, across 47 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 32.1054, -102.4652. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.10536, -102.46520 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
10,348 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
00.0%
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.
1100.0%

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 10,348 ft.

Completions filed
Jan 1984
1 of 1 wells

1 well

42-00333668310,348 ftJan 1984

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 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 202467073.023.30$4,892
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 202316074.852.64$1,198
Jun 202330068.962.26$2,069
May 202312070.622.23$847
Apr 202316078.122.24$1,250
Mar 202337072.852.39$2,695
Feb 202348075.112.47$3,605
Jan 202324076.533.39$1,837
Dec 202221276.415.73$1,616
Nov 20220085.005.65$0
Oct 202232087.185.86$2,790
Sep 202218484.888.16$1,560
Aug 202218094.529.13$1,701
Jul 2022140101.587.54$1,422
Jun 2022389115.097.98$4,445
May 2022279109.378.43$3,029
Apr 20221272104.226.84$1,743
Mar 202212241108.885.08$2,530
Feb 20223213591.054.86$3,570
Jan 2022135681.844.54$1,318
Dec 20211919071.323.90$2,096
Nov 20213029177.435.24$3,847
Oct 20211532279.795.71$3,037
Sep 20214618869.865.35$4,220
Aug 20212925266.024.22$2,978
Jul 20212837970.783.98$3,491
Jun 2021293969.493.38$2,147
May 202127063.483.02$1,714
Apr 202128060.362.76$1,690
Mar 202114061.302.72$858
Feb 20211311257.805.55$1,373
Jan 20211417950.412.81$1,209
Dec 20202715144.642.68$1,609
Nov 2020271938.772.71$1,098
Oct 20201313236.972.48$808
Sep 20202627037.091.99$1,502
Aug 202026239.982.39$1,044
Jul 202013038.371.83$499
Jun 202013034.901.69$454
May 20202410216.921.81$591
Apr 2020244214.751.80$430
Mar 20201231730.341.86$953
Feb 20201228449.881.98$1,161
Jan 20202431857.252.09$2,040
Dec 20191332559.012.30$1,516
Nov 20193530755.302.75$2,780
Oct 20191134553.472.42$1,423
Sep 20192432355.052.66$2,180
Aug 2019033453.112.30$770
Jul 20192436556.272.46$2,248
Jun 20191230452.782.49$1,391
May 20192320558.482.74$1,907
Apr 20192226662.632.75$2,110
Mar 20192426256.803.06$2,165
Feb 20192923350.852.79$2,125
Jan 20196223046.033.23$3,596
Dec 20183628546.594.19$2,870
Nov 20181828852.934.24$2,173
Oct 20184032361.443.40$3,555
Sep 20184732659.543.11$3,812
Aug 20184234559.403.07$3,553
Jul 20182435465.142.93$2,601
Jun 20182125960.183.08$2,061
May 2018032165.382.90$931
Apr 20182023463.842.90$1,956
Mar 20181933461.222.79$2,094
Feb 20181930061.782.77$2,004
Jan 20181033062.874.01$1,952
Dec 20171732857.272.92$1,932
Nov 20172434655.423.12$2,409
Oct 20171527349.292.98$1,554
Sep 2017031847.523.09$982
Aug 20171729945.373.00$1,670
Jul 20172832243.873.09$2,222
Jun 20171631542.493.09$1,652
May 20172035845.373.26$2,076
Apr 20171641147.933.21$2,087
Mar 20170846.772.98$24
Feb 201731050.452.95$1,564
Jan 2017910049.413.42$787
Dec 2016573748.763.72$2,917
Nov 2016038042.492.64$1,005
Oct 20162121746.193.09$1,641
Sep 20164630241.553.10$2,848
Aug 20162216441.442.92$1,391
Jul 201633041.622.92$1,373
Jun 20164211545.352.69$2,214
May 2016416542.521.99$1,873
Apr 2016218136.561.99$929
Mar 20163914333.011.79$1,544
Feb 20166621426.472.06$2,189
Jan 20166031027.352.36$2,374
Dec 201511535532.362.00$4,432
Nov 20152636538.792.17$1,800
Oct 20156238243.552.43$3,627
Sep 2015502442.992.76$2,216
Aug 20150040.162.87$0
Jul 2015109048.152.95$5,248
Jun 201545356.152.88$2,535
May 201512039755.212.96$7,799
Apr 20153034249.822.71$2,420
Mar 2015873642.892.93$3,837
Feb 201510520244.662.98$5,290
Jan 2015015543.433.10$481
Dec 20148143454.693.59$5,989
Nov 20146441270.464.25$6,261
Oct 20147339678.303.90$7,261
Sep 201413234086.164.05$12,749
Aug 201412132189.394.04$12,111
Jul 2014033796.564.18$1,409
Jun 20149340898.164.74$11,062
May 20146332394.734.73$7,495
Apr 20147838895.944.81$9,349
Mar 20146340795.895.06$8,099
Feb 201411637197.406.19$13,596
Jan 201414840790.404.86$15,358
Dec 2013041191.824.35$1,790
Nov 20137041388.853.74$7,763
Oct 201311143797.423.78$12,465
Sep 201369373104.113.72$8,570
Aug 201367420104.253.52$8,464
Jul 201368428102.523.72$8,563
Jun 20136942894.403.93$8,197
May 20139944994.834.15$11,251
Apr 201310045393.964.28$11,336
Mar 201310146793.623.91$11,283
Feb 20132941291.233.42$4,055
Jan 20134245791.603.42$5,410
Dec 20129046986.773.42$9,413
Nov 20126244086.953.62$6,986
Oct 20127246689.383.40$8,020
Sep 2012046094.672.92$1,342
Aug 20128537792.662.91$8,972
Jul 20124544385.133.02$5,169
Jun 201210341779.822.52$9,272
May 20126344491.612.49$6,876
Apr 201254426101.652.00$6,340
Mar 2012125188105.052.22$13,549
Feb 2012122347101.102.57$13,226
Jan 20128044998.092.73$9,075
Dec 20113743096.873.24$4,977
Nov 20112140395.723.31$3,345
Oct 20117945384.983.65$8,366
Sep 20115443883.623.99$6,261
Aug 20118744483.404.15$9,098
Jul 20115242694.144.52$6,820
Jun 20115346792.904.64$7,091
May 20115225098.134.40$6,204
Apr 201149452105.964.33$7,151
Mar 20114345496.364.06$5,986
Feb 20114734385.644.18$5,459
Jan 20116243286.504.59$7,345
Dec 20106545585.734.35$7,551
Nov 20107532580.843.80$7,296
Oct 20106348678.103.51$6,626
Sep 20106146972.633.98$6,297
Aug 20107748973.684.42$7,834
Jul 20105641472.554.74$6,024
Jun 20106146970.364.91$6,595
May 20106448271.124.24$6,593
Apr 20105247781.694.12$6,214
Mar 20106548278.394.39$7,211
Feb 20106739273.585.44$7,063
Jan 20108243174.365.96$8,668
Dec 20099442671.445.48$9,051
Nov 20098241874.593.75$7,685
Oct 20095451572.544.11$6,034
Sep 20096247365.543.06$5,513
Aug 20093546067.423.22$3,840
Jul 20098353861.133.46$6,938
Jun 20096051266.163.90$5,964
May 20094925354.743.93$3,675
Apr 20094939146.773.59$3,694
Mar 20098425342.144.06$4,567
Feb 20093834632.814.63$2,850
Jan 20097528135.865.37$4,199
Dec 20086040737.105.98$4,659
Nov 20084830155.496.86$4,728
Oct 20084835975.246.92$6,097
Sep 200872180101.767.88$8,745
Aug 200865475114.228.48$11,454
Jul 200867445131.0811.39$13,851
Jun 200854393131.3313.03$12,214
May 200822517123.1711.57$8,694
Apr 200880514110.3110.45$14,199
Mar 200868498101.909.66$11,742
Feb 20085745492.538.77$9,256
Jan 20086950490.388.21$10,372
Dec 200710146188.337.30$12,288
Nov 200710148191.677.29$12,766
Oct 20078152582.856.92$10,345
Sep 20072634775.846.24$4,139
Aug 20075650569.066.39$7,093
Jul 20072549870.906.39$4,954
Jun 20074247862.007.55$6,212
May 20075137858.747.85$5,962
Apr 20072642659.617.81$4,875
Mar 20074548456.927.30$6,096
Feb 20073044755.108.22$5,326
Jan 20072648050.306.73$4,537
Dec 20064342656.656.92$5,383
Nov 20062129854.207.62$3,408
Oct 20063750454.906.01$5,062
Sep 20062750960.085.04$4,186
Aug 20062753368.717.34$5,767
Jul 20062352769.376.34$4,938
Jun 20063351366.286.38$5,462
May 20063649866.016.42$5,576
Apr 20062549664.397.36$5,261
Mar 20063449356.707.08$5,420
Feb 20062445757.597.75$4,924
Jan 20065451460.598.93$7,864
Dec 20053850454.9413.42$8,849
Nov 20053249954.6910.59$7,034
Oct 20054054358.3413.80$9,825
Sep 20055353961.4512.08$9,767
Aug 20058755561.519.80$10,789
Jul 20054156255.697.84$6,691
Jun 20056354152.337.38$7,290
May 20053145845.226.65$4,448
Apr 2005189049.207.36$1,548
Mar 20054843750.377.15$5,544
Feb 20054338745.226.31$4,387
Jan 20053938943.166.32$4,143
Dec 20042938939.866.75$3,782
Nov 20045741545.286.33$5,208
Oct 20045444549.706.52$5,583
Sep 20043845543.245.28$4,047
Aug 20046651042.375.55$5,627
Jul 20046832938.286.08$4,605
Jun 2004745036.106.43$2,993
May 20044539437.486.49$4,245
Apr 20044545934.475.86$4,240
Mar 20044652934.365.53$4,506
Feb 20045250932.455.51$4,492
Jan 20043554232.036.30$4,535
Dec 20035254030.266.30$4,976
Nov 20034650128.804.60$3,627
Oct 20033049828.174.76$3,215
Sep 20034649326.314.75$3,552
Aug 20035152229.765.13$4,195
Jul 20034251429.415.17$3,893
Jun 20033651828.565.98$4,127
May 20032854626.595.97$4,006
Apr 20034757626.675.41$4,368
Mar 20035059031.146.10$5,154
Feb 20035052333.487.93$5,819
Jan 20034952730.315.58$4,427
Dec 20023221226.914.85$1,890
Nov 20024319724.664.14$1,875
Oct 20025544826.464.23$3,350
Sep 20025844327.443.64$3,202
Aug 20025636025.963.16$2,593
Jul 20025243324.583.06$2,604
Jun 20025443023.733.34$2,717
May 20025841224.663.58$2,907
Apr 20025742223.653.51$2,830
Mar 20025544922.003.10$2,603
Feb 20026236318.222.38$1,992
Jan 20025641217.172.38$1,940
Dec 20015748216.932.36$2,105
Nov 20017347518.072.41$2,462
Oct 20015550319.782.53$2,360
Sep 20015041424.262.25$2,145
Aug 20016444124.873.05$2,938
Jul 20017845023.933.20$3,305
Jun 20015842024.563.82$3,031
May 20015840825.524.31$3,238
Apr 20017437324.685.34$3,816
Mar 20017152324.545.38$4,554
Feb 20018547627.755.77$5,104
Jan 20016354127.478.40$6,274
Dec 20008654926.889.12$7,320
Nov 20008655932.215.66$5,933
Oct 20007054931.235.15$5,011
Sep 20008453531.875.19$5,452
Aug 20009356129.644.54$5,304
Jul 20008856828.534.09$4,834
Jun 20007347029.304.40$4,206
May 20006049027.263.68$3,439
Apr 20008059724.513.12$3,821
Mar 20007863928.422.86$4,044
Feb 20006064527.622.73$3,416
Jan 20009663625.272.48$4,004
Dec 19998256524.282.42$3,360
Nov 19997757023.192.43$3,173
Oct 19998059820.982.80$3,355
Sep 19997658821.752.62$3,193
Aug 19996859819.262.88$3,029
Jul 19998962617.892.37$3,077
Jun 199911460315.942.36$3,242
May 19998959115.792.32$2,777
Apr 19998958115.102.21$2,627
Mar 19998859412.471.84$2,189
Feb 19991075439.981.82$2,055
Jan 19999360410.381.90$2,113
Dec 19981156019.201.77$2,124
Nov 19988459510.892.19$2,215
Oct 199810463812.421.97$2,548
Sep 19988764712.592.08$2,443
Aug 199810365511.301.91$2,413
Jul 19987666211.742.24$2,373
Jun 19986161811.242.24$2,068
May 199811568712.622.21$2,967
Apr 19989265913.042.51$2,851
Mar 19989067312.802.31$2,706
Feb 19988762613.952.30$2,653
Jan 199811269514.702.15$3,144
Dec 19978974416.322.41$3,246
Nov 199713767718.193.09$4,583
Oct 19978957419.253.15$3,521
Sep 19978567117.742.95$3,491
Aug 199711756617.862.55$3,536
Jul 19979076817.582.25$3,308
Jun 199712436017.242.26$2,950
May 19979750118.972.31$2,997
Apr 199711171217.882.08$3,468
Mar 19979584518.951.94$3,439
Feb 199710265820.492.21$3,541
Jan 199711281523.483.54$5,515
Dec 199612481423.32$2,892
Nov 199610379821.97$2,263
Oct 199610984723.31$2,541
Sep 1996114022.22$2,533
Aug 199611384520.26$2,289
Jul 199612385219.55$2,405
Jun 199611085118.73$2,060
May 199610077419.43$1,943
Apr 199611979321.51$2,560
Mar 199612479019.38$2,403
Feb 199613474816.98$2,275
Jan 199611577017.07$1,963
Dec 199513474417.19$2,303
Nov 199512274416.00$1,952
Oct 199512376915.43$1,898
Sep 199510874116.18$1,747
Aug 199511883615.92$1,879
Jul 199513983115.24$2,118
Jun 199510078316.41$1,641
May 199512979117.56$2,265
Apr 19959749917.73$1,720
Mar 199511662616.44$1,907
Feb 199511458016.58$1,890
Jan 199512963715.92$2,054
Dec 199412065615.03$1,804
Nov 199411466415.90$1,813
Oct 199411468715.58$1,776
Sep 199411566915.29$1,758
Aug 199411270216.13$1,807
Jul 199410865617.56$1,896
Jun 19941106017.09$1,880
May 19941121715.88$1,779
Apr 1994131114.14$1,852
Mar 1994139112.46$1,732
Feb 1994124112.50$1,550
Jan 1994134512.66$1,696
Dec 199313139512.33$1,615
Nov 199313372414.49$1,927
Oct 199313781015.85$2,171
Sep 199313478515.03$2,014
Aug 199311981315.66$1,864
Jul 199312687415.46$1,948
Jun 199311491316.79$1,914
May 19931311,32917.68$2,316
Apr 199313385118.05$2,401
Mar 199314491118.14$2,612
Feb 19931471,46517.90$2,631
Jan 19931981,22616.93$3,352

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.

Jan 2024 — as filed, then multipliedworked
Oil                   67 bbl  × $ 73.02 =     $4,892
Casinghead gas         0 Mcf  × $  3.30 =         $0

────────────────────────────────────────────────────
Month total                                   $4,892

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/28539 is the state's own key, not one this site invented.