MIDLAND FARMS COMPANY -E-

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 30059District 08Field 30394500NGPA filingOilCasinghead gasSaveExport
Value, all time
$2.6 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
NGPA4none

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
OilDisposition38,229 bbl$1,278,493
Casinghead gasProduction422,227 Mcf$1,286,462
Total$2,564,956

124,747 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 (4)

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 32.0402, -102.4831. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

32.04072, -102.48325 · 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
50.0%
2 of 4 wells
With a plug date
50.0%
2 of 4 wells
Median depth
10,691 ft
4 wells filed one
Completion to plug
25.3 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
250.0%
A plug date is filed
250.0%
BothOn the schedule and plugged. Neither fact cancels the other.
250.0%
NeitherNo plug date, and not on the schedule.
250.0%

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 10,665 and 10,807 ft, median 10,691 ft, over the 4 wells that filed a depth.

Completions filed
Aug 1985 – Feb 1986
4 of 4 wells
Plug dates filed
Dec 1999 – Jul 2022
2 of 4 wells; 2 filed none

Last completion to plug: a median of 25.3 years across the 2 wells that filed both dates, with the middle half between 19.6 years and 31.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-13535025310,665 ftFeb 1986Dec 1999Yes
42-13535026410,807 ftDec 1985
42-13535027210,690 ftOct 1985Jul 2022Yes
42-13534975110,691 ftAug 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 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
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 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20214069.865.35$279
Aug 202127066.024.22$1,783
Jul 202126070.783.98$1,840
Jun 202133069.493.38$2,293
May 202140063.483.02$2,539
Apr 202144060.362.76$2,656
Mar 202125061.302.72$1,533
Feb 202127057.805.55$1,561
Jan 202127050.412.81$1,361
Dec 202055044.642.68$2,455
Nov 202054038.772.71$2,094
Oct 202027036.972.48$998
Sep 202053037.091.99$1,966
Aug 202061039.982.39$2,439
Jul 202032038.371.83$1,228
Jun 202031034.901.69$1,082
May 202061016.921.81$1,032
Apr 202062014.751.80$915
Mar 202033030.341.86$1,001
Feb 202034049.881.98$1,696
Jan 202068057.252.09$3,893
Dec 201935059.012.30$2,065
Nov 2019104055.302.75$5,751
Oct 201933053.472.42$1,765
Sep 201969055.052.66$3,798
Aug 20190053.112.30$0
Jul 201954056.272.46$3,039
Jun 201933052.782.49$1,742
May 201968058.482.74$3,977
Apr 201961062.632.75$3,820
Mar 201949056.803.06$2,783
Feb 201930650.852.79$1,542
Jan 2019311446.033.23$1,472
Dec 201814446.594.19$669
Nov 20187052.934.24$371
Oct 201815061.443.40$922
Sep 201814059.543.11$834
Aug 201814059.403.07$832
Jul 201823065.142.93$1,498
Jun 201840060.183.08$2,407
May 20180065.382.90$0
Apr 201839063.842.90$2,490
Mar 201839261.222.79$2,393
Feb 201837061.782.77$2,286
Jan 201819062.874.01$1,195
Dec 201735357.272.92$2,013
Nov 201747055.423.12$2,605
Oct 2017301749.292.98$1,529
Sep 20170747.523.09$22
Aug 201734945.373.00$1,570
Jul 2017581043.873.09$2,575
Jun 201724342.493.09$1,029
May 201721345.373.26$963
Apr 201716047.933.21$767
Mar 20170146.772.98$3
Feb 201731650.452.95$1,582
Jan 20179349.413.42$455
Dec 201657648.763.72$2,802
Nov 201602042.492.64$53
Oct 2016213146.193.09$1,066
Sep 20162513141.553.10$1,445
Aug 20161149441.442.92$1,900
Jul 20161745441.622.92$2,035
Jun 20162144645.352.69$2,150
May 20162053442.521.99$1,914
Apr 20161147736.561.99$1,352
Mar 20161948833.011.79$1,503
Feb 20166446926.472.06$2,662
Jan 20166050327.352.36$2,830
Dec 201511560232.362.00$4,926
Nov 20152671438.792.17$2,556
Oct 20156239843.552.43$3,666
Sep 20155057442.992.76$3,733
Aug 2015057240.162.87$1,643
Jul 201510964848.152.95$7,157
Jun 20154564856.152.88$4,395
May 201512030355.212.96$7,521
Apr 20153049249.822.71$2,826
Mar 20158653542.892.93$5,259
Feb 201510555844.662.98$6,350
Jan 2015024943.433.10$772
Dec 20148172254.693.59$7,023
Nov 20146469570.464.25$7,464
Oct 20147373278.303.90$8,571
Sep 201413273586.164.05$14,347
Aug 201412182689.394.04$14,149
Jul 2014082996.564.18$3,465
Jun 20149380998.164.74$12,961
May 20146384694.734.73$9,967
Apr 20147880195.944.81$11,335
Mar 20146383895.895.06$10,279
Feb 201411671197.406.19$15,701
Jan 201411377490.404.86$13,977
Dec 2013080291.824.35$3,492
Nov 20136982088.853.74$9,196
Oct 201311190497.423.78$14,230
Sep 201369682104.113.72$9,719
Aug 201367896104.253.52$10,141
Jul 201368949102.523.72$10,500
Jun 20136990794.403.93$10,081
May 20139995794.834.15$13,359
Apr 201310079693.964.28$12,805
Mar 201310190493.623.91$12,993
Feb 20132985591.233.42$5,570
Jan 20134297591.603.42$7,182
Dec 2012901,06786.773.42$11,459
Nov 2012231,11586.953.62$6,042
Oct 20123337389.383.40$4,218
Sep 2012013694.672.92$397
Aug 20128371092.662.91$9,756
Jul 2012411,13085.133.02$6,904
Jun 2012521,07079.822.52$6,846
May 2012311,10291.612.49$5,582
Apr 2012271,062101.652.00$4,865
Mar 2012631,063105.052.22$8,980
Feb 201261994101.102.57$8,722
Jan 2012401,05898.092.73$6,816
Dec 2011181,06196.873.24$5,181
Nov 2011111,05895.723.31$4,556
Oct 2011401,11884.983.65$7,478
Sep 2011271,08583.623.99$6,582
Aug 2011431,09283.404.15$8,117
Jul 2011261,10094.144.52$7,417
Jun 2011301,07992.904.64$7,793
May 2011251,11098.134.40$7,343
Apr 2011241,122105.964.33$7,405
Mar 2011281,15096.364.06$7,364
Feb 20112884685.644.18$5,934
Jan 2011311,12786.504.59$7,853
Dec 201034985.734.35$2,954
Nov 2010511,11980.843.80$8,370
Oct 2010561,17578.103.51$8,497
Sep 2010631,15572.633.98$9,172
Aug 2010681,25573.684.42$10,557
Jul 2010451,17372.554.74$8,821
Jun 20105872570.364.91$7,641
May 2010641,21871.124.24$9,710
Apr 2010521,18381.694.12$9,125
Mar 2010651,22478.394.39$10,467
Feb 2010671,01973.585.44$10,476
Jan 2010821,08874.365.96$12,586
Dec 2009941,08571.445.48$12,665
Nov 2009821,18774.593.75$10,569
Oct 2009541,27672.544.11$9,162
Sep 2009621,22765.543.06$7,824
Aug 2009351,21967.423.22$6,283
Jul 2009831,36361.133.46$9,796
Jun 2009601,25266.163.90$8,846
May 20094997354.743.93$6,502
Apr 2009491,23946.773.59$6,737
Mar 20098497342.144.06$7,489
Feb 20093898932.814.63$5,829
Jan 2009751,13035.865.37$8,759
Dec 2008601,10737.105.98$8,843
Nov 2008481,02255.496.86$9,675
Oct 20084883275.246.92$9,371
Sep 200872453101.767.88$10,895
Aug 2008681,258114.228.48$18,439
Jul 2008671,329131.0811.39$23,919
Jun 2008541,245131.3313.03$23,317
May 200822522123.1711.57$8,752
Apr 2008801,144110.3110.45$20,785
Mar 2008681,231101.909.66$18,826
Feb 2008571,18192.538.77$15,632
Jan 2008691,26690.388.21$16,625
Dec 20071001,22388.337.30$17,763
Nov 20071001,26291.677.29$18,369
Oct 2007821,56082.856.92$17,592
Sep 2007281,07775.846.24$8,848
Aug 2007551,14769.066.39$11,125
Jul 20072530870.906.39$3,740
Jun 20075763862.007.55$8,350
May 20079560158.747.85$10,296
Apr 2007501,06759.617.81$11,309
Mar 200710394056.927.30$12,727
Feb 20077186155.108.22$10,986
Jan 20076793050.306.73$9,626
Dec 20068889756.656.92$11,191
Nov 20065248554.207.62$6,513
Oct 200610794554.906.01$11,557
Sep 20067590860.085.04$9,080
Aug 20067194468.717.34$11,807
Jul 2006661,00169.376.34$10,928
Jun 200610096066.286.38$12,757
May 20061071,03866.016.42$13,732
Apr 2006721,03364.397.36$12,239
Mar 20061011,09156.707.08$13,454
Feb 2006671,03057.597.75$11,842
Jan 20061351,21060.598.93$18,989
Dec 2005861,31154.9413.42$22,312
Nov 20053990454.6910.59$11,705
Oct 20052210958.3413.80$2,787
Sep 20058877861.4512.08$14,805
Aug 200513198061.519.80$17,659
Jul 2005651,08855.697.84$12,154
Jun 20051021,02652.337.38$12,911
May 2005641,09445.226.65$10,170
Apr 2005851,11249.207.36$12,367
Mar 2005951,07050.377.15$12,441
Feb 200510398145.226.31$10,850
Jan 20051121,10043.166.32$11,788
Dec 2004731,06139.866.75$10,073
Nov 20041281,04945.286.33$12,436
Oct 20041131,07549.706.52$12,620
Sep 2004651,06143.245.28$8,417
Aug 20041101,11742.375.55$10,861
Jul 20041361,20438.286.08$12,531
Jun 20041691,52436.106.43$15,905
May 20041361,59437.486.49$15,450
Apr 20041171,39134.475.86$12,182
Mar 20041201,46734.365.53$12,236
Feb 20041301,35432.455.51$11,679
Jan 2004841,52732.036.30$12,310
Dec 20031331,56430.266.30$13,880
Nov 20031351,42328.804.60$10,427
Oct 2003931,52928.174.76$9,897
Sep 20031381,57926.314.75$11,130
Aug 20031241,53529.765.13$11,564
Jul 20031221,50529.415.17$11,370
Jun 20031201,47728.565.98$12,264
May 2003831,56126.595.97$11,530
Apr 20031251,39726.675.41$10,888
Mar 20031211,40731.146.10$12,345
Feb 20031181,29333.487.93$14,199
Jan 20031271,43130.315.58$11,837
Dec 20021161,12526.914.85$8,582
Nov 20021691,06024.664.14$8,553
Oct 20021191,16126.464.23$8,059
Sep 20021271,42827.443.64$8,676
Aug 20021361,44125.963.16$8,090
Jul 20021301,70824.583.06$8,425
Jun 20021291,65523.733.34$8,586
May 20021391,72524.663.58$9,610
Apr 20021401,66923.653.51$9,173
Mar 20021311,69922.003.10$8,154
Feb 20021431,45018.222.38$6,050
Jan 20021271,58317.172.38$5,941
Dec 20011261,58616.932.36$5,883
Nov 20011601,54618.072.41$6,610
Oct 20011261,69919.782.53$6,789
Sep 20011321,68724.262.25$7,000
Aug 20011511,78224.873.05$9,196
Jul 20011881,82123.933.20$10,321
Jun 20011321,75824.563.82$9,965
May 20011291,81825.524.31$11,123
Apr 20011561,55324.685.34$12,136
Mar 20011411,71524.545.38$12,681
Feb 20011311,04827.755.77$9,679
Jan 2001941,15827.478.40$12,308
Dec 20001391,51326.889.12$17,539
Nov 20001481,65532.215.66$14,131
Oct 20001431,74431.235.15$13,440
Sep 20001651,75431.875.19$14,356
Aug 20001591,84429.644.54$13,086
Jul 20001461,86228.534.09$11,780
Jun 20001431,86029.304.40$12,369
May 20001111,57827.263.68$8,833
Apr 20001451,85624.513.12$9,337
Mar 20001491,92228.422.86$9,731
Feb 20001131,80727.622.73$8,048
Jan 20001741,92525.272.48$9,172
Dec 19991471,86924.282.42$8,099
Nov 19991351,68123.192.43$7,222
Oct 19991531,76120.982.80$8,147
Sep 19991541,94221.752.62$8,435
Aug 19991382,06819.262.88$8,605
Jul 19991242,10417.892.37$7,210
Jun 19991871,94115.942.36$7,566
May 19991602,02315.792.32$7,222
Apr 19991551,95115.102.21$6,648
Mar 19991382,02512.471.84$5,443
Feb 19991601,8449.981.82$4,949
Jan 19991472,03610.381.90$5,394
Dec 19981632,0359.201.77$5,108
Nov 19981312,03310.892.19$5,870
Oct 19981742,17312.421.97$6,440
Sep 19981562,22212.592.08$6,592
Aug 19982022,28311.301.91$6,637
Jul 19981622,39511.742.24$7,260
Jun 19981592,28011.242.24$6,888
May 19982612,24812.622.21$8,254
Apr 19981441,65013.042.51$6,012
Mar 19981131,65112.802.31$5,259
Feb 19981171,63513.952.30$5,391
Jan 19981572,43414.702.15$7,553
Dec 19971252,63416.322.41$8,391
Nov 19971892,33318.193.09$10,643
Oct 19971442,07119.253.15$9,295
Sep 19971362,74317.742.95$10,518
Aug 19971832,72317.862.55$10,225
Jul 19971432,78317.582.25$8,767
Jun 19971872,44017.242.26$8,731
May 19971672,64718.972.31$9,279
Apr 19972042,71017.882.08$9,292
Mar 19971762,71118.951.94$8,592
Feb 19972172,03820.492.21$8,942
Jan 19972452,46123.483.54$14,464
Dec 19962522,57623.32$5,877
Nov 19961972,51721.97$4,328
Oct 19961942,62623.31$4,522
Sep 19961722,44622.22$3,822
Aug 19962182,60920.26$4,417
Jul 19962512,71919.55$4,907
Jun 19961692,67218.73$3,165
May 19961512,82819.43$2,934
Apr 19962002,65421.51$4,302
Mar 19961832,16819.38$3,547
Feb 19962282,41716.98$3,871
Jan 19962142,48617.07$3,653
Dec 19952402,45717.19$4,126
Nov 19952512,38116.00$4,016
Oct 19953122,48115.43$4,814
Sep 19952542,36016.18$4,110
Aug 19952892,13015.92$4,601
Jul 19954012,36515.24$6,111
Jun 19952702,20516.41$4,431
May 19953752,36817.56$6,585
Apr 19952081,69217.73$3,688
Mar 19952161,89416.44$3,551
Feb 19952535,12416.58$4,195
Jan 19952854,12915.92$4,537
Dec 19942742,05415.03$4,118
Nov 19942652,01315.90$4,214
Oct 19942812,13015.58$4,378
Sep 19942472,11615.29$3,777
Aug 19942632,21516.13$4,242
Jul 19942622,46417.56$4,601
Jun 19942752,49317.09$4,700
May 19942302,08115.88$3,652
Apr 19943242,20614.14$4,581
Mar 19943241,95212.46$4,037
Feb 19942911,36812.50$3,638
Jan 19943361,81612.66$4,254
Dec 19933482,09412.33$4,291
Nov 19933501,51214.49$5,072
Oct 19933733,22415.85$5,912
Sep 19934402,82515.03$6,613
Aug 19933693,91715.66$5,779
Jul 19933184,08215.46$4,916
Jun 19933343,39916.79$5,608
May 19933691,85017.68$6,524
Apr 19934122,66618.05$7,437
Mar 19934324,08118.14$7,836
Feb 19933983,67517.90$7,124
Jan 19934754,21016.93$8,042

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 2021 — as filed, then multipliedworked
Oil                    4 bbl  × $ 69.86 =       $279
Casinghead gas         0 Mcf  × $  5.35 =         $0

────────────────────────────────────────────────────
Month total                                     $279

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/30059 is the state's own key, not one this site invented.