KEYSTONE CATTLE CO. 14

Operated by TILTED J OIL COMPANY (P-5 860225) in the KEYSTONE (SAN ANDRES) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 29023District 08Field 49129594Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$40 k
Jan 1993 – Aug 2004
Value, last 12 filed months
$1 k
at the published price for each month
Months reported
140
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 65 leases and 165 wells, and the rule below applies to all of them.

Discovered
1960-07-05
as the register files it
Field class
Oil
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 field rule took effect on 1994-10-31.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: 4. ALLOCATION BASED ON 100% ACREAGE.

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
OilDisposition2,455 bbl$39,131
Casinghead gasProduction2,531 Mcf$970
Total$40,101

2,187 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 31.9230, -103.0223. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.92303, -103.02232 · 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
100.0%
1 of 1 wells
Median depth
5,025 ft
1 wells filed one
Completion to plug
20.0 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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 5,025 ft.

Completions filed
May 1984
1 of 1 wells
Plug dates filed
May 2004
1 of 1 wells

Last completion to plug: a median of 20.0 years across the 1 well that filed both dates, with the middle half between 20.0 years and 20.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-495316961U5,025 ftMay 1984May 2004Yes

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 (140)

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

140 months

Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 200421034.475.86$724
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 200329026.314.75$763
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 200123016.932.36$389
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19993017.892.37$54
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19993010.381.90$31
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 1998160011.301.91$1,808
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 1998172012.802.31$2,202
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 1997019019.253.15$598
Sep 19970017.742.95$0
Aug 19970317.862.55$8
Jul 19970517.582.25$11
Jun 199701017.242.26$23
May 199704518.972.31$104
Apr 199703717.882.08$77
Mar 199701618.951.94$31
Feb 199701220.492.21$26
Jan 199702623.483.54$92
Dec 199601323.32$0
Nov 199601821.97$0
Oct 199602123.31$0
Sep 199601822.22$0
Aug 199604720.26$0
Jul 19960019.55$0
Jun 19961132118.73$2,116
May 19961735319.43$3,361
Apr 199606021.51$0
Mar 199605619.38$0
Feb 199601416.98$0
Jan 199646617.07$785
Dec 199502317.19$0
Nov 19951776016.00$2,832
Oct 199505915.43$0
Sep 199503816.18$0
Aug 199505715.92$0
Jul 19951646115.24$2,499
Jun 199506116.41$0
May 19951486417.56$2,599
Apr 199505617.73$0
Mar 199505816.44$0
Feb 19951825016.58$3,018
Jan 199505515.92$0
Dec 199405915.03$0
Nov 19941825815.90$2,894
Oct 199406715.58$0
Sep 199457415.29$76
Aug 199407516.13$0
Jul 199405817.56$0
Jun 1994957017.09$1,624
May 19941508315.88$2,382
Apr 199404414.14$0
Mar 199403312.46$0
Feb 19941783212.50$2,225
Jan 199403912.66$0
Dec 199303112.33$0
Nov 199304914.49$0
Oct 19931236215.85$1,950
Sep 199305815.03$0
Aug 19931715615.66$2,678
Jul 199313519715.46$2,087
Jun 19930416.79$0
May 19930917.68$0
Apr 199301118.05$0
Mar 19930718.14$0
Feb 19930417.90$0
Jan 199323816.93$34

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 2004 — as filed, then multipliedworked
Oil                   21 bbl  × $ 34.47 =       $724
Casinghead gas         0 Mcf  × $  5.86 =         $0

────────────────────────────────────────────────────
Month total                                     $724

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/29023 is the state's own key, not one this site invented.