OLSEN -8-

Name: OLSEN -8- lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by CIMAREX ENERGY CO. OF COLORADO (P-5 153429) in the RACUE (DELAWARE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 29559District 08Field 74134666OilCasinghead gasSave Export

Value, all time

$437 k

Jan 1993 – Oct 2012

Value, last 12 filed months

at the published price for each month

Months reported

238

no gaps in the span

Streams

oil, casinghead gas

The RACUE (DELAWARE) field

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 5 leases and 7 wells, and the rule below applies to all of them.

Discovered

1965-04-23

as the register files it

Field class

Oil

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

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.

Stream	Basis	Volume	Value
Oil	Disposition	12,677 bbl	$304,501
Casinghead gas	Production	64,969 Mcf	$132,100
Total			$436,601

33,201 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 31.8563, -103.9775. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.85627, -103.97753 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

3,862 ft

1 wells filed one

Completion to plug

19 months

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 3,862 ft.

Completions filed

Dec 2010

1 of 1 wells

Plug dates filed

Jul 2012

1 of 1 wells

Last completion to plug: a median of 19 months across the 1 well that filed both dates, with the middle half between 19 months and 19 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-38931437	1	3,862 ft	Dec 2010	Jul 2012	Yes

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 (238)

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

238 months


Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	83	0	83.62	3.99	$6,940
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	1	98.13	4.40	$4
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	33	72.55	4.74	$156
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	3	71.12	4.24	$13
Apr 2010	0	9	81.69	4.12	$37
Mar 2010	0	65	78.39	4.39	$285
Feb 2010	0	119	73.58	5.44	$648
Jan 2010	0	52	74.36	5.96	$310
Dec 2009	168	11	71.44	5.48	$12,062
Nov 2009	0	9	74.59	3.75	$34
Oct 2009	0	9	72.54	4.11	$37
Sep 2009	0	1	65.54	3.06	$3
Aug 2009	0	23	67.42	3.22	$74
Jul 2009	0	67	61.13	3.46	$232
Jun 2009	0	43	66.16	3.90	$167
May 2009	1	56	54.74	3.93	$275
Apr 2009	0	62	46.77	3.59	$222
Mar 2009	0	114	42.14	4.06	$463
Feb 2009	181	119	32.81	4.63	$6,490
Jan 2009	0	160	35.86	5.37	$859
Dec 2008	0	166	37.10	5.98	$992
Nov 2008	0	144	55.49	6.86	$988
Oct 2008	0	50	75.24	6.92	$346
Sep 2008	0	2	101.76	7.88	$16
Aug 2008	0	27	114.22	8.48	$229
Jul 2008	0	14	131.08	11.39	$159
Jun 2008	0	151	131.33	13.03	$1,968
May 2008	0	159	123.17	11.57	$1,840
Apr 2008	0	115	110.31	10.45	$1,202
Mar 2008	0	100	101.90	9.66	$966
Feb 2008	0	59	92.53	8.77	$517
Jan 2008	0	99	90.38	8.21	$812
Dec 2007	0	139	88.33	7.30	$1,015
Nov 2007	0	79	91.67	7.29	$576
Oct 2007	0	99	82.85	6.92	$685
Sep 2007	177	101	75.84	6.24	$14,054
Aug 2007	0	70	69.06	6.39	$447
Jul 2007	0	60	70.90	6.39	$383
Jun 2007	0	32	62.00	7.55	$242
May 2007	0	60	58.74	7.85	$471
Apr 2007	0	15	59.61	7.81	$117
Mar 2007	0	45	56.92	7.30	$329
Feb 2007	0	7	55.10	8.22	$58
Jan 2007	0	24	50.30	6.73	$161
Dec 2006	0	7	56.65	6.92	$48
Nov 2006	0	6	54.20	7.62	$46
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	14	68.71	7.34	$103
Jul 2006	0	11	69.37	6.34	$70
Jun 2006	186	130	66.28	6.38	$13,158
May 2006	0	168	66.01	6.42	$1,079
Apr 2006	0	97	64.39	7.36	$714
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	107	57.59	7.75	$829
Jan 2006	179	129	60.59	8.93	$11,998
Dec 2005	0	117	54.94	13.42	$1,570
Nov 2005	0	131	54.69	10.59	$1,387
Oct 2005	0	143	58.34	13.80	$1,973
Sep 2005	0	139	61.45	12.08	$1,679
Aug 2005	0	148	61.51	9.80	$1,450
Jul 2005	175	76	55.69	7.84	$10,342
Jun 2005	0	66	52.33	7.38	$487
May 2005	0	143	45.22	6.65	$951
Apr 2005	0	129	49.20	7.36	$950
Mar 2005	177	137	50.37	7.15	$9,896
Feb 2005	0	127	45.22	6.31	$802
Jan 2005	0	122	43.16	6.32	$771
Dec 2004	0	104	39.86	6.75	$702
Nov 2004	0	134	45.28	6.33	$848
Oct 2004	0	106	49.70	6.52	$691
Sep 2004	180	115	43.24	5.28	$8,391
Aug 2004	0	150	42.37	5.55	$833
Jul 2004	0	152	38.28	6.08	$925
Jun 2004	0	152	36.10	6.43	$978
May 2004	179	161	37.48	6.49	$7,755
Apr 2004	0	106	34.47	5.86	$621
Mar 2004	0	99	34.36	5.53	$547
Feb 2004	0	71	32.45	5.51	$391
Jan 2004	0	98	32.03	6.30	$617
Dec 2003	0	103	30.26	6.30	$649
Nov 2003	0	98	28.80	4.60	$450
Oct 2003	178	92	28.17	4.76	$5,452
Sep 2003	0	125	26.31	4.75	$594
Aug 2003	0	150	29.76	5.13	$769
Jul 2003	0	88	29.41	5.17	$455
Jun 2003	181	147	28.56	5.98	$6,049
May 2003	0	161	26.59	5.97	$962
Apr 2003	0	310	26.67	5.41	$1,676
Mar 2003	0	384	31.14	6.10	$2,341
Feb 2003	178	293	33.48	7.93	$8,282
Jan 2003	0	226	30.31	5.58	$1,262
Dec 2002	0	342	26.91	4.85	$1,660
Nov 2002	167	295	24.66	4.14	$5,339
Oct 2002	0	344	26.46	4.23	$1,455
Sep 2002	0	27	27.44	3.64	$98
Aug 2002	0	312	25.96	3.16	$987
Jul 2002	179	250	24.58	3.06	$5,165
Jun 2002	0	243	23.73	3.34	$811
May 2002	178	353	24.66	3.58	$5,655
Apr 2002	0	376	23.65	3.51	$1,321
Mar 2002	0	369	22.00	3.10	$1,145
Feb 2002	0	303	18.22	2.38	$720
Jan 2002	190	477	17.17	2.38	$4,396
Dec 2001	0	328	16.93	2.36	$776
Nov 2001	175	313	18.07	2.41	$3,915
Oct 2001	0	325	19.78	2.53	$822
Sep 2001	0	283	24.26	2.25	$637
Aug 2001	178	138	24.87	3.05	$4,848
Jul 2001	0	501	23.93	3.20	$1,602
Jun 2001	0	355	24.56	3.82	$1,358
May 2001	184	320	25.52	4.31	$6,074
Apr 2001	0	328	24.68	5.34	$1,750
Mar 2001	0	234	24.54	5.38	$1,258
Feb 2001	177	219	27.75	5.77	$6,175
Jan 2001	0	198	27.47	8.40	$1,663
Dec 2000	0	440	26.88	9.12	$4,014
Nov 2000	184	234	32.21	5.66	$7,251
Oct 2000	0	298	31.23	5.15	$1,533
Sep 2000	0	364	31.87	5.19	$1,888
Aug 2000	166	230	29.64	4.54	$5,965
Jul 2000	0	263	28.53	4.09	$1,076
Jun 2000	179	302	29.30	4.40	$6,573
May 2000	0	332	27.26	3.68	$1,222
Apr 2000	0	341	24.51	3.12	$1,063
Mar 2000	198	343	28.42	2.86	$6,608
Feb 2000	0	602	27.62	2.73	$1,641
Jan 2000	198	269	25.27	2.48	$5,671
Dec 1999	0	287	24.28	2.42	$696
Nov 1999	0	182	23.19	2.43	$443
Oct 1999	174	340	20.98	2.80	$4,604
Sep 1999	0	295	21.75	2.62	$773
Aug 1999	0	223	19.26	2.88	$641
Jul 1999	180	407	17.89	2.37	$4,186
Jun 1999	0	593	15.94	2.36	$1,401
May 1999	0	549	15.79	2.32	$1,274
Apr 1999	187	451	15.10	2.21	$3,820
Mar 1999	0	103	12.47	1.84	$189
Feb 1999	187	151	9.98	1.82	$2,141
Jan 1999	0	129	10.38	1.90	$245
Dec 1998	191	180	9.20	1.77	$2,076
Nov 1998	0	136	10.89	2.19	$297
Oct 1998	0	572	12.42	1.97	$1,126
Sep 1998	176	252	12.59	2.08	$2,741
Aug 1998	0	122	11.30	1.91	$233
Jul 1998	188	528	11.74	2.24	$3,388
Jun 1998	0	599	11.24	2.24	$1,340
May 1998	0	183	12.62	2.21	$404
Apr 1998	186	372	13.04	2.51	$3,357
Mar 1998	0	857	12.80	2.31	$1,979
Feb 1998	168	129	13.95	2.30	$2,640
Jan 1998	0	398	14.70	2.15	$858
Dec 1997	182	307	16.32	2.41	$3,710
Nov 1997	0	262	18.19	3.09	$809
Oct 1997	176	215	19.25	3.15	$4,065
Sep 1997	0	435	17.74	2.95	$1,285
Aug 1997	0	433	17.86	2.55	$1,106
Jul 1997	173	272	17.58	2.25	$3,653
Jun 1997	183	510	17.24	2.26	$4,306
May 1997	0	271	18.97	2.31	$626
Apr 1997	0	252	17.88	2.08	$525
Mar 1997	184	239	18.95	1.94	$3,950
Feb 1997	0	368	20.49	2.21	$812
Jan 1997	178	370	23.48	3.54	$5,489
Dec 1996	182	358	23.32	—	$4,244
Nov 1996	0	189	21.97	—	$0
Oct 1996	185	251	23.31	—	$4,312
Sep 1996	0	177	22.22	—	$0
Aug 1996	181	262	20.26	—	$3,667
Jul 1996	0	379	19.55	—	$0
Jun 1996	178	403	18.73	—	$3,334
May 1996	178	410	19.43	—	$3,459
Apr 1996	0	390	21.51	—	$0
Mar 1996	186	389	19.38	—	$3,605
Feb 1996	0	404	16.98	—	$0
Jan 1996	188	443	17.07	—	$3,209
Dec 1995	0	582	17.19	—	$0
Nov 1995	186	582	16.00	—	$2,976
Oct 1995	177	858	15.43	—	$2,731
Sep 1995	0	855	16.18	—	$0
Aug 1995	185	825	15.92	—	$2,945
Jul 1995	184	967	15.24	—	$2,804
Jun 1995	0	1,171	16.41	—	$0
May 1995	0	0	17.56	—	$0
Apr 1995	185	626	17.73	—	$3,280
Mar 1995	0	809	16.44	—	$0
Feb 1995	184	640	16.58	—	$3,051
Jan 1995	0	823	15.92	—	$0
Dec 1994	185	799	15.03	—	$2,781
Nov 1994	183	520	15.90	—	$2,910
Oct 1994	0	1,043	15.58	—	$0
Sep 1994	184	1,066	15.29	—	$2,813
Aug 1994	182	989	16.13	—	$2,936
Jul 1994	0	246	17.56	—	$0
Jun 1994	182	658	17.09	—	$3,110
May 1994	0	656	15.88	—	$0
Apr 1994	182	833	14.14	—	$2,573
Mar 1994	184	1,256	12.46	—	$2,293
Feb 1994	0	886	12.50	—	$0
Jan 1994	206	1,067	12.66	—	$2,608
Dec 1993	0	1,053	12.33	—	$0
Nov 1993	202	936	14.49	—	$2,927
Oct 1993	200	970	15.85	—	$3,170
Sep 1993	0	1,054	15.03	—	$0
Aug 1993	204	859	15.66	—	$3,195
Jul 1993	199	518	15.46	—	$3,077
Jun 1993	0	696	16.79	—	$0
May 1993	189	1,140	17.68	—	$3,342
Apr 1993	181	999	18.05	—	$3,267
Mar 1993	172	904	18.14	—	$3,120
Feb 1993	174	609	17.90	—	$3,115
Jan 1993	0	651	16.93	—	$0

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.

Sep 2011 — as filed, then multipliedworked

Oil                   83 bbl  × $ 83.62 =     $6,940
Casinghead gas         0 Mcf  × $  3.99 =         $0

────────────────────────────────────────────────────
Month total                                   $6,940

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/29559 is the state's own key, not one this site invented.