WOLF

Operated by FINLEY RESOURCES, INC. (P-5 268602) in the SARA-MAG (CANYON REEF) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 29725District 08Field 81021250NGPA filingOilCasinghead gasSaveExport
Value, all time
$3.0 M
Jan 1993 – Jun 2013
Value, last 12 filed months
$0
at the published price for each month
Months reported
246
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 25 leases and 31 wells, and the rule below applies to all of them.

Discovered
1954-03-21
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 1984-11-01.

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
OilDisposition150,151 bbl$2,869,552
Casinghead gasProduction172,242 Mcf$155,971
Total$3,025,523

111,879 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 (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 32.4813, -101.2269. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.48131, -101.22691 · 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
7,571 ft
1 wells filed one
Completion to plug
26.7 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 7,571 ft.

Completions filed
Mar 1985
1 of 1 wells
Plug dates filed
Nov 2011
1 of 1 wells

Last completion to plug: a median of 26.7 years across the 1 well that filed both dates, with the middle half between 26.7 years and 26.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-2273270517,571 ftMar 1985Nov 2011Yes

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 (246)

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

246 months

Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
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 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 2003126028.565.98$3,599
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 2002180223.653.51$4,264
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010616.932.36$14
Nov 2001187018.072.41$3,379
Oct 2001373019.782.53$7,378
Sep 20010024.262.25$0
Aug 2001551024.873.05$13,703
Jul 2001190023.933.20$4,547
Jun 20010024.563.82$0
May 2001189025.524.31$4,823
Apr 2001187024.685.34$4,615
Mar 2001191024.545.38$4,687
Feb 2001190027.755.77$5,273
Jan 2001195027.478.40$5,357
Dec 20001833826.889.12$5,266
Nov 20000032.215.66$0
Oct 200003231.235.15$165
Sep 20000231.875.19$10
Aug 20003734429.644.54$11,256
Jul 2000012928.534.09$528
Jun 200034314129.304.40$10,670
May 20001,0691,47027.263.68$34,550
Apr 200033314924.513.12$8,626
Mar 20006,78410,56328.422.86$223,009
Feb 20008,51413,10827.622.73$270,896
Jan 200010,47413,15625.272.48$297,311
Dec 19995,7537,77924.282.42$158,537
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990615.792.32$14
Apr 199923015.102.21$347
Mar 19991718912.471.84$2,296
Feb 19991812449.981.82$2,250
Jan 199936240810.381.90$4,533
Dec 19983554259.201.77$4,020
Nov 199818041110.892.19$2,859
Oct 199818240112.421.97$3,050
Sep 199853151512.592.08$7,758
Aug 199852360011.301.91$7,054
Jul 199853380711.742.24$8,063
Jun 199817717911.242.24$2,390
May 199819418912.622.21$2,865
Apr 199817732213.042.51$3,115
Mar 199835835212.802.31$5,395
Feb 19983611113.952.30$5,061
Jan 19985351214.702.15$7,890
Dec 1997358016.322.41$5,843
Nov 1997362018.193.09$6,585
Oct 19973531919.253.15$6,855
Sep 199752751317.742.95$10,865
Aug 199767776917.862.55$14,056
Jul 19978801,02417.582.25$17,771
Jun 19978941,06617.242.26$17,819
May 19971,0611,31018.972.31$23,151
Apr 19971,2391,35917.882.08$24,984
Mar 19971,2521,45818.951.94$26,553
Feb 199769971020.492.21$15,889
Jan 199759454523.483.54$15,876
Dec 19961,8912,03523.32$44,098
Nov 19962,2542,57521.97$49,520
Oct 19962,1792,23923.31$50,792
Sep 19961,6902,04222.22$37,552
Aug 19961,6571,86620.26$33,571
Jul 19962,1622,34719.55$42,267
Jun 19961,8791,97318.73$35,194
May 19962,2982,34719.43$44,650
Apr 19961,9692,32121.51$42,353
Mar 19961,9541,98719.38$37,869
Feb 19961,7752,01816.98$30,140
Jan 19961,9352,28317.07$33,030
Dec 19952,1682,44317.19$37,268
Nov 19951,7502,08116.00$28,000
Oct 19952,1692,37515.43$33,468
Sep 19951,7542,19416.18$28,380
Aug 19951,6681,97515.92$26,555
Jul 19952,2222,67515.24$33,863
Jun 19952,3462,71116.41$38,498
May 19951,5831,81217.56$27,797
Apr 19951,7372,07617.73$30,797
Mar 19951,9222,32716.44$31,598
Feb 19951,9112,18916.58$31,684
Jan 19952,3262,46615.92$37,030
Dec 19942,3672,52115.03$35,576
Nov 19942,2712,56215.90$36,109
Oct 19942,2882,69315.58$35,647
Sep 19942,1142,61115.29$32,323
Aug 19942,3892,71016.13$38,535
Jul 19942,2452,69317.56$39,422
Jun 19942,3242,59117.09$39,717
May 19942,2492,63015.88$35,714
Apr 19942,1462,55214.14$30,344
Mar 19942,4632,57812.46$30,689
Feb 19942,0992,21112.50$26,238
Jan 19942,2572,40212.66$28,574
Dec 19932,3912,41112.33$29,481
Nov 19932,2592,37714.49$32,733
Oct 19932,0912,41515.85$33,142
Sep 19932,3962,39515.03$36,012
Aug 19932,0982,50315.66$32,855
Jul 19931,9592,17315.46$30,286
Jun 19932,2332,36716.79$37,492
May 19932,1052,48017.68$37,216
Apr 19932,0572,33618.05$37,129
Mar 19932,4402,25318.14$44,262
Feb 19931,7101,93417.90$30,609
Jan 19931,8772,12416.93$31,778

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.

Jun 2003 — as filed, then multipliedworked
Oil                  126 bbl  × $ 28.56 =     $3,599
Casinghead gas         0 Mcf  × $  5.98 =         $0

────────────────────────────────────────────────────
Month total                                   $3,599

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/29725 is the state's own key, not one this site invented.