BUCKSHOT

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

Operated by REEF EXPLORATION, L.P. (P-5 697952) in the MATTHEWS (LOWER CHERRY CANYON) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 31037District 08Field 58327500OilCasinghead gasSave Export

Value, all time

$1.2 M

Jan 1993 – Mar 2008

Value, last 12 filed months

$77 k

at the published price for each month

Months reported

183

no gaps in the span

Streams

oil, casinghead gas

The MATTHEWS (LOWER CHERRY CANYON) 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 19 leases and 35 wells, and the rule below applies to all of them.

Discovered

1984-05-18

as the register files it

Field class

Oil

the register's own label

Between wells

660 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 1999-04-01.

The Commission's schedule remark for this field reads: “OPTIONAL ACRES 20, 1500 DIAG.”

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	27,494 bbl	$926,878
Casinghead gas	Production	57,799 Mcf	$301,459
Total			$1,228,337

4,557 Mcf of this lease's gas, across 37 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 31.8420, -103.9232. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

31.84197, -103.92315 · 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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

4,657 ft

2 wells filed one

Completion to plug

13.7 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

2100.0%

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

Between 4,508 and 4,805 ft, median 4,657 ft, over the 2 wells that filed a depth.

Completions filed

Aug 2005 – Dec 2005

2 of 2 wells

Plug dates filed

May 2017 – Jun 2021

2 of 2 wells

Last completion to plug: a median of 13.7 years across the 2 wells that filed both dates, with the middle half between 12.7 years and 14.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-38932261	2	4,805 ft	Dec 2005	Jun 2021	Yes
42-38931772	1	4,508 ft	Aug 2005	May 2017	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 (183)

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

183 months


Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	390	338	75.84	6.24	$31,688
Aug 2007	0	145	69.06	6.39	$926
Jul 2007	0	149	70.90	6.39	$952
Jun 2007	359	424	62.00	7.55	$25,459
May 2007	186	368	58.74	7.85	$13,813
Apr 2007	0	515	59.61	7.81	$4,020
Mar 2007	187	372	56.92	7.30	$13,360
Feb 2007	189	315	55.10	8.22	$13,002
Jan 2007	168	424	50.30	6.73	$11,303
Dec 2006	176	372	56.65	6.92	$12,544
Nov 2006	314	360	54.20	7.62	$19,761
Oct 2006	260	372	54.90	6.01	$16,511
Sep 2006	188	360	60.08	5.04	$13,108
Aug 2006	283	365	68.71	7.34	$22,124
Jul 2006	338	367	69.37	6.34	$25,775
Jun 2006	163	380	66.28	6.38	$13,230
May 2006	337	497	66.01	6.42	$25,439
Apr 2006	163	473	64.39	7.36	$13,977
Mar 2006	165	489	56.70	7.08	$12,819
Feb 2006	258	413	57.59	7.75	$18,059
Jan 2006	353	504	60.59	8.93	$25,891
Dec 2005	0	483	54.94	13.42	$6,480
Nov 2005	373	495	54.69	10.59	$25,641
Oct 2005	166	613	58.34	13.80	$18,141
Sep 2005	344	640	61.45	12.08	$28,869
Aug 2005	187	464	61.51	9.80	$16,048
Jul 2005	177	672	55.69	7.84	$15,128
Jun 2005	192	583	52.33	7.38	$14,351
May 2005	196	210	45.22	6.65	$10,260
Apr 2005	0	265	49.20	7.36	$1,951
Mar 2005	197	637	50.37	7.15	$14,481
Feb 2005	385	647	45.22	6.31	$21,494
Jan 2005	197	558	43.16	6.32	$12,030
Dec 2004	370	739	39.86	6.75	$19,737
Nov 2004	193	770	45.28	6.33	$13,613
Oct 2004	205	805	49.70	6.52	$15,433
Sep 2004	356	794	43.24	5.28	$19,589
Aug 2004	316	836	42.37	5.55	$18,029
Jul 2004	203	952	38.28	6.08	$13,563
Jun 2004	343	966	36.10	6.43	$18,597
May 2004	358	1,011	37.48	6.49	$19,984
Apr 2004	343	937	34.47	5.86	$17,313
Mar 2004	189	843	34.36	5.53	$11,156
Feb 2004	349	764	32.45	5.51	$15,534
Jan 2004	371	958	32.03	6.30	$17,918
Dec 2003	346	1,152	30.26	6.30	$17,729
Nov 2003	363	980	28.80	4.60	$14,958
Oct 2003	394	1,020	28.17	4.76	$15,954
Sep 2003	362	953	26.31	4.75	$14,050
Aug 2003	374	931	29.76	5.13	$15,906
Jul 2003	385	1,258	29.41	5.17	$17,828
Jun 2003	391	557	28.56	5.98	$14,499
May 2003	332	1,218	26.59	5.97	$16,103
Apr 2003	539	1,097	26.67	5.41	$20,307
Mar 2003	545	725	31.14	6.10	$21,391
Feb 2003	543	662	33.48	7.93	$23,427
Jan 2003	398	569	30.31	5.58	$15,240
Dec 2002	190	251	26.91	4.85	$6,331
Nov 2002	0	33	24.66	4.14	$137
Oct 2002	0	105	26.46	4.23	$444
Sep 2002	178	44	27.44	3.64	$5,044
Aug 2002	0	28	25.96	3.16	$89
Jul 2002	0	128	24.58	3.06	$392
Jun 2002	47	136	23.73	3.34	$1,569
May 2002	0	224	24.66	3.58	$803
Apr 2002	180	316	23.65	3.51	$5,367
Mar 2002	195	1,056	22.00	3.10	$7,566
Feb 2002	190	808	18.22	2.38	$5,381
Jan 2002	0	323	17.17	2.38	$767
Dec 2001	0	10	16.93	2.36	$24
Nov 2001	0	117	18.07	2.41	$281
Oct 2001	195	417	19.78	2.53	$4,912
Sep 2001	177	294	24.26	2.25	$4,956
Aug 2001	177	49	24.87	3.05	$4,552
Jul 2001	0	690	23.93	3.20	$2,206
Jun 2001	228	770	24.56	3.82	$8,544
May 2001	197	888	25.52	4.31	$8,852
Apr 2001	177	1,042	24.68	5.34	$9,928
Mar 2001	183	393	24.54	5.38	$6,604
Feb 2001	0	244	27.75	5.77	$1,407
Jan 2001	179	315	27.47	8.40	$7,563
Dec 2000	182	440	26.88	9.12	$8,906
Nov 2000	176	298	32.21	5.66	$7,355
Oct 2000	0	398	31.23	5.15	$2,048
Sep 2000	147	171	31.87	5.19	$5,572
Aug 2000	174	508	29.64	4.54	$7,464
Jul 2000	175	310	28.53	4.09	$6,261
Jun 2000	157	147	29.30	4.40	$5,247
May 2000	180	240	27.26	3.68	$5,790
Apr 2000	187	174	24.51	3.12	$5,126
Mar 2000	172	197	28.42	2.86	$5,452
Feb 2000	178	97	27.62	2.73	$5,181
Jan 2000	199	72	25.27	2.48	$5,207
Dec 1999	375	60	24.28	2.42	$9,250
Nov 1999	0	257	23.19	2.43	$626
Oct 1999	0	143	20.98	2.80	$401
Sep 1999	179	299	21.75	2.62	$4,676
Aug 1999	351	425	19.26	2.88	$7,982
Jul 1999	176	314	17.89	2.37	$3,894
Jun 1999	0	211	15.94	2.36	$498
May 1999	338	243	15.79	2.32	$5,901
Apr 1999	180	333	15.10	2.21	$3,453
Mar 1999	182	197	12.47	1.84	$2,632
Feb 1999	362	164	9.98	1.82	$3,911
Jan 1999	0	252	10.38	1.90	$479
Dec 1998	357	264	9.20	1.77	$3,753
Nov 1998	0	228	10.89	2.19	$498
Oct 1998	0	34	12.42	1.97	$67
Sep 1998	23	0	12.59	2.08	$290
Aug 1998	0	0	11.30	1.91	$0
Jul 1998	352	111	11.74	2.24	$4,381
Jun 1998	0	315	11.24	2.24	$705
May 1998	121	117	12.62	2.21	$1,785
Apr 1998	183	225	13.04	2.51	$2,950
Mar 1998	186	172	12.80	2.31	$2,778
Feb 1998	0	181	13.95	2.30	$416
Jan 1998	364	223	14.70	2.15	$5,831
Dec 1997	0	109	16.32	2.41	$263
Nov 1997	0	109	18.19	3.09	$337
Oct 1997	0	156	19.25	3.15	$491
Sep 1997	0	43	17.74	2.95	$127
Aug 1997	0	0	17.86	2.55	$0
Jul 1997	0	0	17.58	2.25	$0
Jun 1997	0	0	17.24	2.26	$0
May 1997	132	12	18.97	2.31	$2,532
Apr 1997	189	70	17.88	2.08	$3,525
Mar 1997	365	217	18.95	1.94	$7,338
Feb 1997	0	237	20.49	2.21	$523
Jan 1997	0	22	23.48	3.54	$78
Dec 1996	0	157	23.32	—	$0
Nov 1996	0	273	21.97	—	$0
Oct 1996	0	301	23.31	—	$0
Sep 1996	0	39	22.22	—	$0
Aug 1996	0	0	20.26	—	$0
Jul 1996	144	134	19.55	—	$2,815
Jun 1996	256	36	18.73	—	$4,795
May 1996	176	257	19.43	—	$3,420
Apr 1996	292	400	21.51	—	$6,281
Mar 1996	176	194	19.38	—	$3,411
Feb 1996	0	0	16.98	—	$0
Jan 1996	140	51	17.07	—	$2,390
Dec 1995	716	366	17.19	—	$12,308
Nov 1995	0	247	16.00	—	$0
Oct 1995	0	39	15.43	—	$0
Sep 1995	0	167	16.18	—	$0
Aug 1995	0	0	15.92	—	$0
Jul 1995	0	0	15.24	—	$0
Jun 1995	0	0	16.41	—	$0
May 1995	0	0	17.56	—	$0
Apr 1995	0	0	17.73	—	$0
Mar 1995	0	0	16.44	—	$0
Feb 1995	0	0	16.58	—	$0
Jan 1995	0	1	15.92	—	$0
Dec 1994	0	1	15.03	—	$0
Nov 1994	0	1	15.90	—	$0
Oct 1994	0	1	15.58	—	$0
Sep 1994	0	0	15.29	—	$0
Aug 1994	0	0	16.13	—	$0
Jul 1994	235	95	17.56	—	$4,127
Jun 1994	0	309	17.09	—	$0
May 1994	0	56	15.88	—	$0
Apr 1994	0	284	14.14	—	$0
Mar 1994	0	65	12.46	—	$0
Feb 1994	0	32	12.50	—	$0
Jan 1994	242	48	12.66	—	$3,064
Dec 1993	0	51	12.33	—	$0
Nov 1993	288	51	14.49	—	$4,173
Oct 1993	0	64	15.85	—	$0
Sep 1993	0	61	15.03	—	$0
Aug 1993	0	184	15.66	—	$0
Jul 1993	0	198	15.46	—	$0
Jun 1993	0	230	16.79	—	$0
May 1993	183	67	17.68	—	$3,235
Apr 1993	0	1	18.05	—	$0
Mar 1993	0	30	18.14	—	$0
Feb 1993	179	42	17.90	—	$3,204
Jan 1993	173	24	16.93	—	$2,929

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 2007 — as filed, then multipliedworked

Oil                  390 bbl  × $ 75.84 =    $29,578
Casinghead gas       338 Mcf  × $  6.24 =     $2,111

────────────────────────────────────────────────────
Month total                                  $31,688

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/31037 is the state's own key, not one this site invented.