KEYSTONE CATTLE COMPANY

Operated by BASIN OIL & GAS OPERATING, LLC (P-5 54430) in the KEYSTONE, SW. (SAN ANDRES) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 29385District 08Field 49138100Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$29.4 M
Jan 1993 – May 2026
Value, last 12 filed months
$32 k
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 15 leases and 67 wells, and the rule below applies to all of them.

Discovered
1981-06-09
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1983-04-11.

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: PER DOC 8-79379

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
NGPA10none

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
OilDisposition449,422 bbl$19,107,773
Casinghead gasProduction2,762,476 Mcf$10,327,970
Total$29,435,743

545,556 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 (28)

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 31.9272, -103.0455. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.5 miles.

31.92724, -103.04491 · 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
28.6%
8 of 28 wells
With a plug date
28.6%
8 of 28 wells
Median depth
4,500 ft
28 wells filed one
Completion to plug
25.7 years
median over 6 wells

What the state filed about each well

On the RRC proration schedule
828.6%
A plug date is filed
828.6%
BothOn the schedule and plugged. Neither fact cancels the other.
828.6%
NeitherNo plug date, and not on the schedule.
2071.4%

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

Total depth in feet, 28 of 28 wells. Median 4,500 ft, with the middle half between 4,500 and 4,530 ft; the shallowest is 4,444 ft and the deepest 6,250 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 22 of 28 wells, Feb 1983 – May 2008. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Feb 1983 – May 2008
22 of 28 wells; 6 filed none
Plug dates filed
Jan 2011 – Jan 2019
8 of 28 wells; 20 filed none

Last completion to plug: a median of 25.7 years across the 6 wells that filed both dates, with the middle half between 15.9 years and 26.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

28 wells

42-495319023704,525 ftJan 2011Yes
42-495319043694,500 ftJan 2019Yes
42-495318193634,520 ft
42-495318793664,500 ft
42-495319053684,550 ft
42-49532843602D4,500 ftMay 2008Jan 2015Yes
42-495319263736,250 ftApr 2006
42-49532878604F4,483 ft2003
42-495328861010F4,500 ftFeb 2002
42-495328761006A4,500 ftDec 2001Sep 2014Yes
42-49532873606N4,500 ftOct 2001
42-495328771005G4,500 ftOct 2001
42-495328751009K4,500 ftOct 2001
42-495328671008G4,500 ftAug 2001
42-495328421004P4,530 ftJun 2001
42-495328411003A4,538 ftJun 2001
42-495328501007B4,500 ftMay 2001
42-495328401002I4,530 ftApr 2001
42-495328111001H4,500 ftOct 2000
42-49532812601M4,505 ftOct 2000
42-495319513754,560 ftJul 1986
42-495319273744,550 ftSep 1985Jan 2011Yes
42-495319033714,444 ftMay 1985Jan 2015Yes
42-495318783674,500 ftMar 1985
42-495318643654,520 ftJan 1985Jan 2011Yes
42-495318633644,445 ftJan 1985
42-495318203604,550 ftOct 1984Jan 2011Yes
42-495315453594,520 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 2026116098.932.87$11,476
Mar 20260189.753.15$3
Feb 20260063.503.75$0
Jan 2026147059.138.00$8,692
Dec 20250056.664.41$0
Nov 20250958.593.93$35
Oct 20250959.383.30$30
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 2025179166.483.13$11,903
May 20250560.553.23$16
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 2025170070.884.34$12,050
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240571.372.28$11
Sep 2024178569.612.36$12,402
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240278.082.63$5
May 202417810978.812.20$14,268
Apr 202404884.451.66$80
Mar 202402480.301.55$37
Feb 202409276.091.78$164
Jan 202409573.023.30$313
Dec 2023020271.262.61$527
Nov 202317618577.892.81$14,228
Oct 202319811985.443.09$17,285
Sep 2023056989.042.74$1,556
Aug 2023044680.522.67$1,192
Jul 202317564374.852.64$14,797
Jun 2023035368.962.26$797
May 2023060770.622.23$1,352
Apr 2023081778.122.24$1,828
Mar 202318035272.852.39$13,955
Feb 2023086075.112.47$2,120
Jan 202317897676.533.39$16,929
Dec 2022020676.415.73$1,180
Nov 202218181585.005.65$19,987
Oct 202206787.185.86$393
Sep 202217812784.888.16$16,145
Aug 2022026394.529.13$2,400
Jul 20220899101.587.54$6,780
Jun 2022355644115.097.98$45,994
May 202201,356109.378.43$11,435
Apr 20221681,098104.226.84$25,017
Mar 2022181588108.885.08$22,692
Feb 2022072691.054.86$3,528
Jan 202219132281.844.54$17,093
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 202101279.795.71$69
Sep 202105269.865.35$278
Aug 202105866.024.22$245
Jul 2021038270.783.98$1,521
Jun 2021038469.493.38$1,298
May 2021014563.483.02$438
Apr 2021059360.362.76$1,636
Mar 2021066361.302.72$1,801
Feb 2021056457.805.55$3,129
Jan 2021064350.412.81$1,807
Dec 202015910144.642.68$7,368
Nov 202015615638.772.71$6,470
Oct 2020011436.972.48$283
Sep 202031331437.091.99$12,234
Aug 2020044439.982.39$1,059
Jul 202054777038.371.83$22,394
Jun 202038277634.901.69$14,643
May 2020031116.921.81$564
Apr 2020056514.751.80$1,019
Mar 202034884230.341.86$12,121
Feb 20203731,12349.881.98$20,830
Jan 20203751,00157.252.09$23,566
Dec 20193541,13659.012.30$23,507
Nov 20193341,21155.302.75$21,801
Oct 20196621,65653.472.42$39,402
Sep 201934398455.052.66$21,497
Aug 20193361,67953.112.30$21,714
Jul 20193542,47756.272.46$26,013
Jun 20197151,90352.782.49$42,478
May 20195281,54258.482.74$35,103
Apr 20195301,32062.632.75$36,825
Mar 20191811,40256.803.06$14,574
Feb 20195331,01250.852.79$29,929
Jan 20193581,60546.033.23$21,660
Dec 20184661,82246.594.19$29,337
Nov 20182931,25352.934.24$20,818
Oct 20183581,36361.443.40$26,627
Sep 20181851,67459.543.11$16,218
Aug 20181492,23059.403.07$15,689
Jul 20186831,35665.142.93$48,466
Jun 20181821,56760.183.08$15,774
May 20185191,38365.382.90$37,944
Apr 20183671,64363.842.90$28,195
Mar 20187102,07261.222.79$49,241
Feb 20187291,91761.782.77$50,340
Jan 20183602,19862.874.01$31,446
Dec 20177332,42157.272.92$49,052
Nov 20179062,73855.423.12$58,749
Oct 201701,69449.292.98$5,054
Sep 2017017047.523.09$525
Aug 201716723745.373.00$8,289
Jul 20177261,56143.873.09$36,669
Jun 20175422,52742.493.09$30,831
May 20173572,28545.373.26$23,654
Apr 20177142,46547.933.21$42,139
Mar 20176942,07146.772.98$38,638
Feb 20175342,16150.452.95$33,321
Jan 20177241,97449.413.42$42,522
Dec 20165381,65648.763.72$32,398
Nov 20168871,43742.492.64$41,489
Oct 20167151,17446.193.09$36,654
Sep 20165311,37741.553.10$26,333
Aug 20167181,39541.442.92$33,833
Jul 20166851,29241.622.92$32,288
Jun 20165331,20845.352.69$27,416
May 20168881,54942.521.99$40,842
Apr 20167131,88936.561.99$29,828
Mar 20167982,04533.011.79$30,011
Feb 20163542,05326.472.06$13,607
Jan 20167242,19527.352.36$24,991
Dec 20157382,29432.362.00$28,473
Nov 20157201,76838.792.17$31,761
Oct 20157212,50343.552.43$37,473
Sep 20158923,14442.992.76$47,020
Aug 20153502,92240.162.87$22,449
Jul 20158992,80448.152.95$51,545
Jun 20153613,17456.152.88$29,420
May 20159003,22755.212.96$59,226
Apr 20155333,02349.822.71$34,736
Mar 20159093,57842.892.93$49,487
Feb 20155402,87744.662.98$32,679
Jan 20159173,57943.433.10$50,922
Dec 20147353,37954.693.59$52,332
Nov 20147353,33270.464.25$65,955
Oct 20149213,64178.303.90$86,318
Sep 20149083,53486.164.05$92,530
Aug 20148933,95289.394.04$95,772
Jul 20149103,82596.564.18$103,857
Jun 20147123,29398.164.74$85,488
May 20147213,61194.734.73$85,368
Apr 20146993,58095.944.81$84,279
Mar 20149133,43095.895.06$104,892
Feb 20143723,09397.406.19$55,385
Jan 20147543,38090.404.86$84,591
Dec 20131,1053,73691.824.35$117,729
Nov 20135353,52588.853.74$60,712
Oct 20139143,53897.423.78$102,413
Sep 20131,6663,562104.113.72$186,690
Aug 20139263,833104.253.52$110,038
Jul 20137474,325102.523.72$92,662
Jun 20131,1122,96994.403.93$116,651
May 20139173,25894.834.15$100,477
Apr 20133563,80493.964.28$49,741
Mar 20131,1053,26093.623.91$116,206
Feb 20133813,25191.233.42$45,877
Jan 20131,3033,22891.603.42$130,394
Dec 20125673,45086.773.42$60,998
Nov 20121,3013,56686.953.62$126,049
Oct 20123763,73089.383.40$46,288
Sep 20121,1083,45894.672.92$114,986
Aug 20127523,73492.662.91$80,539
Jul 20127253,76885.133.02$73,102
Jun 20121,1103,97179.822.52$98,603
May 20121,1174,30191.612.49$113,031
Apr 20121,1144,287101.652.00$121,798
Mar 20127394,452105.052.22$87,525
Feb 20121,6153,853101.102.57$173,180
Jan 20123644,00198.092.73$46,644
Dec 20118364,15896.873.24$94,454
Nov 20118933,94195.723.31$98,528
Oct 20119214,34484.983.65$94,116
Sep 20111,0084,63383.623.99$102,755
Aug 20119095,08983.404.15$96,926
Jul 20119144,55794.144.52$106,629
Jun 20118744,16792.904.64$100,529
May 20119124,74898.134.40$110,409
Apr 20119584,342105.964.33$120,325
Mar 20119344,32296.364.06$107,536
Feb 20119733,35385.644.18$97,343
Jan 20111,1604,25586.504.59$119,865
Dec 20101,4874,87885.734.35$148,689
Nov 20109864,85780.843.80$98,142
Oct 20108115,21178.103.51$81,624
Sep 20101,4145,43372.633.98$124,319
Aug 20101,1345,43473.684.42$107,568
Jul 20108345,44072.554.74$86,273
Jun 20101,2425,50370.364.91$114,409
May 20101,2775,98371.124.24$116,160
Apr 20101,3845,98781.694.12$137,742
Mar 20101,2986,15878.394.39$128,776
Feb 20101,5045,71573.585.44$141,767
Jan 20101,1625,16374.365.96$117,199
Dec 20091,5975,19071.445.48$142,550
Nov 20091,2365,37674.593.75$112,361
Oct 20091,4676,08072.544.11$131,407
Sep 20091,5196,62665.543.06$119,862
Aug 20093893,60167.423.22$37,816
Jul 20091,0264,16661.133.46$77,152
Jun 20091,4466,15666.163.90$119,645
May 20091,3236,68154.743.93$98,649
Apr 20091,2246,30446.773.59$79,862
Mar 20091,3516,79842.144.06$84,524
Feb 20091,4905,66632.814.63$75,137
Jan 20091,5937,34035.865.37$96,548
Dec 20081,7336,93437.105.98$105,740
Nov 20081,8397,63555.496.86$154,425
Oct 20081,8237,66675.246.92$190,226
Sep 20089934,241101.767.88$134,454
Aug 20081,6147,162114.228.48$245,106
Jul 20081,7177,583131.0811.39$311,430
Jun 20081,2927,618131.3313.03$268,961
May 20081,9247,349123.1711.57$322,039
Apr 20081,4686,094110.3110.45$225,647
Mar 20081,4996,911101.909.66$219,536
Feb 20081,5126,82792.538.77$199,782
Jan 20081,8787,25190.388.21$229,233
Dec 20071,8046,75388.337.30$208,658
Nov 20071,6207,08991.677.29$200,196
Oct 20071,8767,56682.856.92$207,798
Sep 20071,5727,91775.846.24$168,655
Aug 20071,6387,14469.066.39$158,756
Jul 20071,6307,97070.906.39$166,479
Jun 20071,4886,82462.007.55$143,767
May 20072,0988,46858.747.85$189,679
Apr 20071,7147,00559.617.81$156,847
Mar 20071,9257,96456.927.30$167,724
Feb 20071,9127,44055.108.22$166,478
Jan 20072,0478,64450.306.73$161,111
Dec 20061,9519,04356.656.92$173,088
Nov 20061,8988,75254.207.62$169,540
Oct 20061,9999,40454.906.01$166,299
Sep 20061,7979,16460.085.04$154,125
Aug 20061,6979,52568.717.34$186,514
Jul 20061,95010,31069.376.34$200,665
Jun 20061,90310,04566.286.38$190,257
May 20062,23710,17166.016.42$213,013
Apr 20061,4209,82064.397.36$163,714
Mar 20061,7459,10356.707.08$163,417
Feb 20061,2938,15257.597.75$137,651
Jan 20061,6339,38860.598.93$182,809
Dec 20051,7339,46254.9413.42$222,148
Nov 20051,8219,18154.6910.59$196,803
Oct 20057599,12858.3413.80$170,208
Sep 20051,3859,36761.4512.08$198,252
Aug 20051,0578,91461.519.80$152,345
Jul 20051,2499,82055.697.84$146,581
Jun 20051,0779,75852.337.38$128,384
May 20051,35110,55545.226.65$131,295
Apr 20051,2249,94549.207.36$133,421
Mar 20051,46510,47150.377.15$148,711
Feb 20059579,22345.226.31$101,490
Jan 20051,42610,89643.166.32$130,433
Dec 20041,43411,11439.866.75$132,191
Nov 20041,78810,96845.286.33$150,393
Oct 20041,12012,41649.706.52$136,555
Sep 20041,69411,96943.245.28$136,492
Aug 20041,14113,41042.375.55$122,779
Jul 20041,61413,52538.286.08$144,072
Jun 20041,49512,39136.106.43$133,681
May 20041,69812,97537.486.49$147,908
Apr 20041,40213,22234.475.86$125,788
Mar 20041,72113,09434.365.53$131,545
Feb 20041,61113,67232.455.51$127,604
Jan 20041,75313,50132.036.30$141,200
Dec 20031,71015,23130.266.30$147,725
Nov 20031,76815,39228.804.60$121,647
Oct 20031,81917,34328.174.76$133,788
Sep 20032,07117,04126.314.75$135,422
Aug 20031,81818,47429.765.13$148,870
Jul 20032,02019,04629.415.17$157,892
Jun 20032,29218,59128.565.98$176,689
May 20032,28721,34526.595.97$188,298
Apr 20032,41621,81926.675.41$182,416
Mar 20032,49918,85931.146.10$192,784
Feb 20032,36017,96633.487.93$221,409
Jan 20031,88220,41530.315.58$171,001
Dec 20022,55322,47526.914.85$177,789
Nov 20022,97021,83724.664.14$163,579
Oct 20022,88124,43726.464.23$179,578
Sep 20023,29926,80327.443.64$187,959
Aug 20023,16229,93525.963.16$176,805
Jul 20023,61331,51324.583.06$185,293
Jun 20024,39134,93723.733.34$220,827
May 20024,37134,69924.663.58$232,150
Apr 20023,81237,01823.653.51$220,173
Mar 20025,18839,37222.003.10$236,296
Feb 20024,42234,06718.222.38$161,501
Jan 20025,42038,27617.172.38$183,993
Dec 20015,55738,11616.932.36$184,201
Nov 20016,72542,27618.072.41$223,217
Oct 20016,11538,06419.782.53$217,214
Sep 20015,19437,18824.262.25$209,729
Aug 20018,23141,96524.873.05$332,831
Jul 20014,46525,48223.933.20$188,315
Jun 20013,82023,64224.563.82$184,230
May 20014,21122,55625.524.31$204,621
Apr 20012,70221,52724.685.34$181,539
Mar 20011,68011,44324.545.38$102,750
Feb 20011,37010,17627.755.77$96,703
Jan 20011,68211,45627.478.40$142,421
Dec 20002,01112,74426.889.12$170,313
Nov 20002,69115,64932.215.66$175,219
Oct 20001,5708,32831.235.15$91,883
Sep 20005643,32931.875.19$35,241
Aug 20006083,78629.644.54$35,212
Jul 200094,07128.534.09$16,906
Jun 200003,73829.304.40$16,437
May 20007123,13027.263.68$30,927
Apr 20001,1932,75624.513.12$37,828
Mar 20007243,99628.422.86$32,004
Feb 20005553,81627.622.73$25,733
Jan 20006183,90425.272.48$25,301
Dec 19995233,70524.282.42$21,678
Nov 19998194,40823.192.43$29,722
Oct 19996124,10020.982.80$24,335
Sep 19995634,67821.752.62$24,496
Aug 19996715,38019.262.88$28,394
Jul 19996855,50617.892.37$25,317
Jun 19997675,52815.942.36$25,284
May 19996645,57815.792.32$23,431
Apr 19996464,87815.102.21$20,525
Mar 19996745,72812.471.84$18,935
Feb 19997395,1349.981.82$16,708
Jan 19998735,53810.381.90$19,584
Dec 19987575,8739.201.77$17,379
Nov 19987985,65810.892.19$21,057
Oct 19987986,14512.421.97$22,012
Sep 19987726,05212.592.08$22,324
Aug 19984895,51611.301.91$16,047
Jul 19986615,53611.742.24$20,146
Jun 19989036,78911.242.24$25,339
May 19989587,04112.622.21$27,625
Apr 19989606,66813.042.51$29,224
Mar 19989885,64212.802.31$25,676
Feb 19989116,00213.952.30$26,508
Jan 19981,1676,31914.702.15$30,771
Dec 19971,1066,62016.322.41$34,011
Nov 19971,0726,21218.193.09$38,684
Oct 19971,1346,25019.253.15$41,516
Sep 19971,0527,04217.742.95$39,471
Aug 19979767,27517.862.55$36,017
Jul 19971,0427,36317.582.25$34,863
Jun 19971,2877,28617.242.26$38,634
May 19978647,25618.972.31$33,141
Apr 19971,0597,01817.882.08$33,552
Mar 19971,1537,23618.951.94$35,881
Feb 19971,0115,40720.492.21$32,643
Jan 19971,3095,52023.483.54$50,274
Dec 19961,3246,66723.32$30,876
Nov 19961,4377,16221.97$31,571
Oct 19961,5977,90723.31$37,226
Sep 19961,4417,44722.22$32,019
Aug 19961,6128,15520.26$32,659
Jul 19961,6948,11019.55$33,118
Jun 19961,5217,64018.73$28,488
May 19961,4298,47519.43$27,765
Apr 19961,3668,30621.51$29,383
Mar 19961,3728,54219.38$26,589
Feb 19961,3347,77716.98$22,651
Jan 19961,5168,06017.07$25,878
Dec 19951,5777,06517.19$27,109
Nov 19951,2275,40816.00$19,632
Oct 19951,7148,49115.43$26,447
Sep 19951,3139,70916.18$21,244
Aug 19951,3259,72115.92$21,094
Jul 19951,61611,36115.24$24,628
Jun 19951,15211,95016.41$18,904
May 19951,50012,94617.56$26,340
Apr 19951,57316,29117.73$27,889
Mar 19951,55813,90016.44$25,614
Feb 19951,30012,44616.58$21,554
Jan 19951,73715,58315.92$27,653
Dec 19941,74718,66515.03$26,257
Nov 19941,69519,26115.90$26,951
Oct 19941,40619,92015.58$21,905
Sep 19941,68918,95815.29$25,825
Aug 19941,68820,27216.13$27,227
Jul 19941,97819,52617.56$34,734
Jun 19941,10414,65817.09$18,867
May 19941,27717,50015.88$20,279
Apr 19941,74518,13214.14$24,674
Mar 19941,91313,75512.46$23,836
Feb 19941,7879,91212.50$22,338
Jan 19942,11611,60512.66$26,789
Dec 19932,00511,27612.33$24,722
Nov 19931,8658,24814.49$27,024
Oct 19932,11610,93715.85$33,539
Sep 19931,8768,32015.03$28,196
Aug 19931,6889,86515.66$26,434
Jul 19931,89710,27315.46$29,328
Jun 19931,4316,68916.79$24,026
May 19931,2277,00617.68$21,693
Apr 19931,78815,69518.05$32,273
Mar 19932,05510,85718.14$37,278
Feb 19931,7416,72017.90$31,164
Jan 19931,3598,38716.93$23,008

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 2026 — as filed, then multipliedworked
Oil                  116 bbl  × $ 98.93 =    $11,476
Casinghead gas         0 Mcf  × $  2.87 =         $0

────────────────────────────────────────────────────
Month total                                  $11,476

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/29385 is the state's own key, not one this site invented.