MIDLAND FARMS COMPANY

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 29508District 08Field 30394500NGPA filingOilCasinghead gasSaveExport
Value, all time
$2.2 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
NGPA2none

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
OilDisposition22,569 bbl$994,642
Casinghead gasProduction324,034 Mcf$1,155,415
Total$2,150,057

43,238 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 (2)

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 32.0547, -102.4868. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

32.05468, -102.48680 · 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 2 wells
With a plug date
0.0%
0 of 2 wells
Median depth
10,664 ft
2 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.
2100.0%

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 10,660 and 10,667 ft, median 10,664 ft, over the 2 wells that filed a depth.

Completions filed
Jan 1985 – Jun 2010
2 of 2 wells

2 wells

42-13534645110,667 ftJun 2010
42-13534650210,660 ftJan 1985

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 202402079.932.15$43
Jun 2024011878.082.63$311
May 20240978.812.20$20
Apr 20240684.451.66$10
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 202402873.023.30$92
Dec 202304871.262.61$125
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 202212076.415.73$917
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 2022300115.097.98$3,453
May 202249445109.378.43$9,112
Apr 202225700104.226.84$7,392
Mar 202223268108.885.08$3,865
Feb 20226430991.054.86$7,329
Jan 20222779581.844.54$5,817
Dec 2021381,29971.323.90$7,775
Nov 2021481,48177.435.24$11,472
Oct 20211586579.795.71$6,139
Sep 20214637969.865.35$5,242
Aug 20212928666.024.22$3,122
Jul 20212712370.783.98$2,401
Jun 20212970869.493.38$4,409
May 2021271,00363.483.02$4,741
Apr 20212837660.362.76$2,727
Mar 20211424761.302.72$1,529
Feb 2021133057.805.55$918
Jan 20211416450.412.81$1,167
Dec 2020271,07944.642.68$4,092
Nov 2020271,08738.772.71$3,989
Oct 20201337136.972.48$1,400
Sep 20202644237.091.99$1,844
Aug 20202644339.982.39$2,096
Jul 20201336038.371.83$1,156
Jun 20201328034.901.69$927
May 20202450716.921.81$1,326
Apr 20202455914.751.80$1,363
Mar 20201259430.341.86$1,467
Feb 20201250649.881.98$1,601
Jan 20202458957.252.09$2,608
Dec 20191354359.012.30$2,018
Nov 20193541055.302.75$3,063
Oct 20191116553.472.42$987
Sep 20192417755.052.66$1,792
Aug 2019057253.112.30$1,318
Jul 20192487356.272.46$3,498
Jun 20191245852.782.49$1,774
May 20192845658.482.74$2,887
Apr 20193849062.632.75$3,728
Mar 20194747556.803.06$4,124
Feb 20195844550.852.79$4,192
Jan 201910549746.033.23$6,438
Dec 20185251746.594.19$4,587
Nov 20183645052.934.24$3,812
Oct 20185844261.443.40$5,065
Sep 20183447459.543.11$3,498
Aug 20183652959.403.07$3,761
Jul 20184253265.142.93$4,296
Jun 20184136560.183.08$3,590
May 2018025365.382.90$734
Apr 2018399363.842.90$2,760
Mar 20183922161.222.79$3,003
Feb 20183731161.782.77$3,146
Jan 20181924962.874.01$2,193
Dec 20173438057.272.92$3,057
Nov 20174642955.423.12$3,887
Oct 20172541049.292.98$2,456
Sep 2017059547.523.09$1,837
Aug 20173013545.373.00$1,767
Jul 20172816543.873.09$1,738
Jun 20171227242.493.09$1,350
May 20171054145.373.26$2,219
Apr 20178947.933.21$412
Mar 2017017446.772.98$519
Feb 20171612650.452.95$1,179
Jan 2017546249.413.42$1,827
Dec 20162953248.763.72$3,395
Nov 2016052042.492.64$1,375
Oct 20161153846.193.09$2,171
Sep 20162334941.553.10$2,038
Aug 2016116241.442.92$637
Jul 2016171741.622.92$757
Jun 20162147945.352.69$2,239
May 20162267342.521.99$2,275
Apr 201619036.561.99$695
Mar 20163842733.011.79$2,020
Feb 20166647126.472.06$2,719
Jan 20166056627.352.36$2,979
Dec 201511556832.362.00$4,858
Nov 20152658038.792.17$2,266
Oct 20156256043.552.43$4,059
Sep 2015503642.992.76$2,249
Aug 2015039740.162.87$1,140
Jul 201510960848.152.95$7,039
Jun 20154559056.152.88$4,228
May 201512063855.212.96$8,511
Apr 20153059849.822.71$3,113
Mar 20158862142.892.93$5,597
Feb 201510754144.662.98$6,389
Jan 2015028043.433.10$868
Dec 20148186854.693.59$7,547
Nov 20146481070.464.25$7,953
Oct 20147330678.303.90$6,910
Sep 201413266386.164.05$14,055
Aug 20141212,29189.394.04$20,061
Jul 2014027696.564.18$1,154
Jun 20149359898.164.74$11,962
May 20146356594.734.73$8,639
Apr 20147860195.944.81$10,374
Mar 2014631,43795.895.06$13,308
Feb 20141162,55897.406.19$27,138
Jan 20141481,83990.404.86$22,318
Dec 2013060291.824.35$2,621
Nov 20137060088.853.74$8,462
Oct 201311162897.423.78$13,187
Sep 201369557104.113.72$9,254
Aug 201365624104.253.52$8,974
Jul 201367626102.523.72$9,196
Jun 20136960494.403.93$8,889
May 20139961594.834.15$11,940
Apr 201310050593.964.28$11,559
Mar 201310144693.623.91$11,201
Feb 20132935991.233.42$3,873
Jan 20134250391.603.42$5,567
Dec 20129058986.773.42$9,824
Nov 2012622,16086.953.62$13,221
Oct 2012732,77689.383.40$15,962
Sep 201202,81594.672.92$8,215
Aug 20128580492.662.91$10,214
Jul 20124183785.133.02$6,019
Jun 20125259879.822.52$5,657
May 20123161291.612.49$4,363
Apr 201227595101.652.00$3,933
Mar 201263473105.052.22$7,669
Feb 2012611,726101.102.57$10,603
Jan 2012401,83398.092.73$8,935
Dec 2011181,76996.873.24$7,475
Nov 2011111,74695.723.31$6,834
Oct 2011401,85284.983.65$10,156
Sep 2011331,83483.623.99$10,069
Aug 2011791,92183.404.15$14,559
Jul 2011521,90994.144.52$13,519
Jun 2011531,85892.904.64$13,545
May 20114979898.134.40$8,323
Apr 201149653105.964.33$8,022
Mar 20114464896.364.06$6,869
Feb 20114842885.644.18$5,900
Jan 20116263886.504.59$8,291
Dec 20106964285.734.35$8,707
Nov 20109563480.843.80$10,086
Oct 20107468878.103.51$8,194
Sep 20106265272.633.98$7,098
Aug 20107659273.684.42$8,216
Jul 20105430272.554.74$5,348
Jun 201060170.364.91$4,227
May 2010643171.124.24$4,683
Apr 2010525981.694.12$4,491
Mar 2010651,02178.394.39$9,576
Feb 2010671,34873.585.44$12,266
Jan 2010821,11074.365.96$12,718
Dec 20099441071.445.48$8,964
Nov 20098235174.593.75$7,433
Oct 20095474272.544.11$6,967
Sep 2009621,19265.543.06$7,717
Aug 20093559067.423.22$4,259
Jul 20098372161.133.46$7,572
Jun 20096083366.163.90$7,214
May 20094973054.743.93$5,548
Apr 20094985846.773.59$5,370
Mar 20098473042.144.06$6,503
Feb 20093840932.814.63$3,142
Jan 20097569035.865.37$6,395
Dec 20086088137.105.98$7,492
Nov 2008488855.496.86$3,267
Oct 20084864375.246.92$8,062
Sep 200872314101.767.88$9,800
Aug 200868865114.228.48$15,105
Jul 200867827131.0811.39$18,201
Jun 200854802131.3313.03$17,544
May 200822915123.1711.57$13,300
Apr 200880863110.3110.45$17,847
Mar 200868882101.909.66$15,453
Feb 20085782292.538.77$12,484
Jan 20086987390.388.21$13,400
Dec 200710185488.337.30$15,157
Nov 200710177391.677.29$14,895
Oct 20078188482.856.92$12,830
Sep 20072466875.846.24$5,991
Aug 20075197869.066.39$9,769
Jul 20072680070.906.39$6,954
Jun 20074581562.007.55$8,942
May 20076889058.747.85$10,978
Apr 20073673859.617.81$7,906
Mar 20076987356.927.30$10,302
Feb 20074878255.108.22$9,070
Jan 20075284950.306.73$8,327
Dec 20067686056.656.92$10,255
Nov 20063545054.207.62$5,325
Oct 20066990654.906.01$9,237
Sep 20065088360.085.04$7,452
Aug 20065091868.717.34$10,174
Jul 20064792269.376.34$9,108
Jun 20066488866.286.38$9,911
May 20066992266.016.42$10,479
Apr 20064888864.397.36$9,627
Mar 20066888756.707.08$10,138
Feb 20064479357.597.75$8,681
Jan 20068986760.598.93$13,138
Dec 20055486454.9413.42$14,558
Nov 20054083354.6910.59$11,008
Oct 20054883258.3413.80$14,278
Sep 20056885161.4512.08$14,458
Aug 200510788861.519.80$15,281
Jul 20054789655.697.84$9,645
Jun 20057885352.337.38$10,378
May 20054986745.226.65$7,982
Apr 20056982949.207.36$9,497
Mar 20057384550.377.15$9,723
Feb 20056794045.226.31$8,963
Jan 20054421543.166.32$3,258
Dec 20044586439.866.75$7,627
Nov 20047291045.286.33$9,021
Oct 20046797149.706.52$9,656
Sep 20043983843.245.28$6,114
Aug 20046390342.375.55$7,682
Jul 20047191538.286.08$8,285
Jun 20048190336.106.43$8,733
May 20045484837.486.49$7,531
Apr 20045285134.475.86$6,778
Mar 20045291734.365.53$6,858
Feb 20045784232.455.51$6,489
Jan 20043789232.036.30$6,804
Dec 20035588630.266.30$7,248
Nov 20035087928.804.60$5,479
Oct 20033393928.174.76$5,399
Sep 20034792326.314.75$5,620
Aug 20034495229.765.13$6,193
Jul 20034498229.415.17$6,372
Jun 20034296928.565.98$6,997
May 2003281,03726.595.97$6,938
Apr 20034596526.675.41$6,418
Mar 2003511,18231.146.10$8,794
Feb 2003521,01833.487.93$9,810
Jan 2003501,14330.315.58$7,896
Dec 2002501,04626.914.85$6,423
Nov 20026998424.664.14$5,772
Oct 2002471,06426.464.23$5,743
Sep 2002431,04727.443.64$4,986
Aug 20024291625.963.16$3,989
Jul 2002411,09924.583.06$4,373
Jun 2002401,07123.733.34$4,524
May 2002441,03724.663.58$4,802
Apr 2002511,03723.653.51$4,848
Mar 2002501,04822.003.10$4,352
Feb 20025892718.222.38$3,259
Jan 20025598917.172.38$3,294
Dec 2001571,04816.932.36$3,443
Nov 2001701,04218.072.41$3,771
Oct 2001561,13219.782.53$3,970
Sep 2001551,10124.262.25$3,813
Aug 2001631,14624.873.05$5,066
Jul 2001851,15423.933.20$5,723
Jun 2001631,10324.563.82$5,765
May 2001631,10225.524.31$6,354
Apr 20017590224.685.34$6,663
Mar 2001721,09424.545.38$7,649
Feb 20018998127.755.77$8,127
Jan 2001691,08027.478.40$10,966
Dec 2000911,03226.889.12$11,861
Nov 2000851,03232.215.66$8,577
Oct 2000751,08731.235.15$7,935
Sep 2000851,06831.875.19$8,248
Aug 2000781,11529.644.54$7,375
Jul 2000741,11228.534.09$6,659
Jun 2000771,06629.304.40$6,944
May 20006192727.263.68$5,074
Apr 2000811,09224.513.12$5,388
Mar 2000851,11928.422.86$5,616
Feb 2000641,04027.622.73$4,603
Jan 20001041,08525.272.48$5,319
Dec 1999891,08624.282.42$4,793
Nov 1999811,06423.192.43$4,468
Oct 1999851,10820.982.80$4,890
Sep 1999851,08021.752.62$4,677
Aug 1999881,45219.262.88$5,870
Jul 19991043,13317.892.37$9,293
Jun 19991233,00215.942.36$9,052
May 19991093,09315.792.32$8,900
Apr 19991112,96215.102.21$8,216
Mar 1999983,03112.471.84$6,794
Feb 19991112,7269.981.82$6,063
Jan 19991082,98110.381.90$6,785
Dec 19981102,9649.201.77$6,268
Nov 1998862,89310.892.19$7,260
Oct 19981003,00912.421.97$7,167
Sep 1998792,94012.592.08$7,118
Aug 19981023,08511.301.91$7,037
Jul 1998783,03211.742.24$7,699
Jun 1998682,91911.242.24$7,295
May 19981143,00312.622.21$8,064
Apr 1998892,86113.042.51$8,328
Mar 1998902,92112.802.31$7,898
Feb 1998952,68213.952.30$7,492
Jan 19981102,95014.702.15$7,974
Dec 1997822,92216.322.41$8,383
Nov 19971331,67118.193.09$7,580
Oct 19979814919.253.15$2,356
Sep 19978474917.742.95$3,703
Aug 199710563717.862.55$3,503
Jul 19978697717.582.25$3,707
Jun 199712180217.242.26$3,896
May 19978584818.972.31$3,570
Apr 199710384717.882.08$3,606
Mar 19978797418.951.94$3,537
Feb 19979174720.492.21$3,512
Jan 199710090323.483.54$5,544
Dec 199611392923.32$2,635
Nov 199610089321.97$2,197
Oct 19961041,01023.31$2,424
Sep 199610694322.22$2,355
Aug 199610299120.26$2,067
Jul 19961251,00119.55$2,444
Jun 199610397818.73$1,929
May 1996981,02319.43$1,904
Apr 199613193421.51$2,818
Mar 199611599819.38$2,229
Feb 199611687116.98$1,970
Jan 199610289917.07$1,741
Dec 199510189417.19$1,736
Nov 19956686416.00$1,056
Oct 19952588715.43$386
Sep 19958470216.18$1,359
Aug 199510297815.92$1,624
Jul 199511699315.24$1,768
Jun 19959094716.41$1,477
May 199512197717.56$2,125
Apr 19955375417.73$940
Mar 19959692516.44$1,578
Feb 199510681516.58$1,757
Jan 199511987215.92$1,894
Dec 199410988315.03$1,638
Nov 199410182015.90$1,606
Oct 199410392215.58$1,605
Sep 19948682915.29$1,315
Aug 19949688416.13$1,548
Jul 19949493417.56$1,651
Jun 19949296817.09$1,572
May 19949594515.88$1,509
Apr 199411790014.14$1,654
Mar 199411294412.46$1,396
Feb 19949983812.50$1,238
Jan 199411188512.66$1,405
Dec 199310889712.33$1,332
Nov 199311587014.49$1,666
Oct 199311292115.85$1,775
Sep 199311388415.03$1,698
Aug 199311291115.66$1,754
Jul 199312392415.46$1,902
Jun 199310187816.79$1,696
May 199311984817.68$2,104
Apr 199312085818.05$2,166
Mar 199313782218.14$2,485
Feb 199311676317.90$2,076
Jan 199313683216.93$2,302

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.

Jul 2024 — as filed, then multipliedworked
Oil                    0 bbl  × $ 79.93 =         $0
Casinghead gas        20 Mcf  × $  2.15 =        $43

────────────────────────────────────────────────────
Month total                                      $43

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/29508 is the state's own key, not one this site invented.