NICHOLS

Operated by BLACK ARROW OPERATING, LLC (P-5 72503) in the HORSELOT (STRAWN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 31409District 08Field 42711500OilCasinghead gasSaveExport
Value, all time
$4.0 M
Jan 1993 – May 2026
Value, last 12 filed months
$179 k
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 7 leases and 8 wells, and the rule below applies to all of them.

Discovered
1987-08-31
as the register files it
Field class
Oil
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 80 acres. The field rule took effect on 1987-12-01.

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
OilDisposition85,060 bbl$3,585,274
Casinghead gasProduction197,404 Mcf$374,476
Total$3,959,750

109,032 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 32.0328, -101.9903. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

32.03283, -101.99032 · 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%
1 of 2 wells
With a plug date
0.0%
0 of 2 wells
Median depth
11,490 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
150.0%
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.
150.0%

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 10,760 and 12,220 ft, median 11,490 ft, over the 2 wells that filed a depth.

Completions filed
Jul 1991 – Feb 1999
2 of 2 wells

2 wells

42-32931954310,760 ftFeb 1999Yes
42-32931829212,220 ftJul 1991

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 20263320106.413.05$35,328
Apr 2026179098.932.87$17,708
Mar 2026192089.753.15$17,232
Feb 2026184063.503.75$11,684
Jan 2026177059.138.00$10,466
Dec 2025175056.664.41$9,916
Nov 2025186058.593.93$10,898
Oct 2025176059.383.30$10,451
Sep 2025156062.743.08$9,787
Aug 2025349063.933.01$22,312
Jul 2025172066.743.32$11,479
Jun 2025171066.483.13$11,368
May 2025186060.553.23$11,262
Apr 2025178062.363.54$11,100
Mar 2025358067.704.27$24,237
Feb 2025182070.884.34$12,900
Jan 2025192074.324.28$14,269
Dec 2024184068.993.12$12,694
Nov 2024385069.052.20$26,584
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 2024184075.632.06$13,916
Jul 2024180079.932.15$14,387
Jun 2024181078.082.63$14,132
May 2024173078.812.20$13,634
Apr 2024170084.451.66$14,357
Mar 2024188080.301.55$15,096
Feb 2024186076.091.78$14,153
Jan 2024192073.023.30$14,020
Dec 2023185071.262.61$13,183
Nov 2023179077.892.81$13,942
Oct 2023343085.443.09$29,306
Sep 2023176089.042.74$15,671
Aug 2023187080.522.67$15,057
Jul 20230074.852.64$0
Jun 2023187068.962.26$12,896
May 2023181070.622.23$12,782
Apr 20230078.122.24$0
Mar 20230672.852.39$14
Feb 202309675.112.47$237
Jan 202319622976.533.39$15,776
Dec 202218229776.415.73$15,608
Nov 202217528385.005.65$16,473
Oct 202218129687.185.86$17,515
Sep 202217729384.888.16$17,416
Aug 202218232194.529.13$20,132
Jul 2022171207101.587.54$18,931
Jun 2022177323115.097.98$22,948
May 2022178249109.378.43$21,568
Apr 20220233104.226.84$1,593
Mar 2022342244108.885.08$38,476
Feb 202217019091.054.86$16,402
Jan 2022021081.844.54$953
Dec 202118918071.323.90$14,181
Nov 202137221177.435.24$29,909
Oct 2021014579.795.71$829
Sep 2021178069.865.35$12,435
Aug 20210066.024.22$0
Jul 2021183070.783.98$12,953
Jun 202114069.493.38$973
May 2021181063.483.02$11,490
Apr 2021167060.362.76$10,080
Mar 2021180061.302.72$11,034
Feb 20210057.805.55$0
Jan 2021754050.412.81$38,009
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 202035615730.341.86$11,092
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 201901459.012.30$32
Nov 2019176055.302.75$9,733
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 2019180753.112.30$9,576
Jul 20190556.272.46$12
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 2019025362.632.75$696
Mar 20190056.803.06$0
Feb 2019176050.852.79$8,950
Jan 20190046.033.23$0
Dec 20181743246.594.19$8,241
Nov 201803252.934.24$136
Oct 201802061.443.40$68
Sep 20183534059.543.11$21,142
Aug 201813259.403.07$778
Jul 20180065.142.93$0
Jun 201805660.183.08$172
May 20180665.382.90$17
Apr 20183623663.842.90$23,215
Mar 201802961.222.79$81
Feb 201804661.782.77$127
Jan 20183693362.874.01$23,331
Dec 201705257.272.92$152
Nov 201706055.423.12$187
Oct 201707449.292.98$221
Sep 20173584047.523.09$17,136
Aug 201707445.373.00$222
Jul 201702343.873.09$71
Jun 20173572442.493.09$15,243
May 201704345.373.26$140
Apr 201702947.933.21$93
Mar 201707746.772.98$230
Feb 201705450.452.95$159
Jan 201717512649.413.42$9,078
Dec 201618311548.763.72$9,351
Nov 201606442.492.64$169
Oct 20161794646.193.09$8,410
Sep 20161804441.553.10$7,615
Aug 201606641.442.92$193
Jul 20161796541.622.92$7,640
Jun 20161767045.352.69$8,170
May 201608842.521.99$175
Apr 20161764936.561.99$6,532
Mar 201603533.011.79$63
Feb 201605026.472.06$103
Jan 20161546527.352.36$4,366
Dec 201506832.362.00$136
Nov 20151765238.792.17$6,940
Oct 2015010143.552.43$245
Sep 201535415942.992.76$15,657
Aug 2015010240.162.87$293
Jul 20158130348.152.95$4,793
Jun 201522225356.152.88$13,195
May 201518124355.212.96$10,711
Apr 201518623749.822.71$9,908
Mar 201518225542.892.93$8,554
Feb 201517914444.662.98$8,423
Jan 201517820943.433.10$8,379
Dec 2014020854.693.59$747
Nov 201418237170.464.25$14,401
Oct 201435927978.303.90$29,198
Sep 20140086.164.05$0
Aug 2014700089.394.04$62,573
Jul 20142096.564.18$193
Jun 20140598.164.74$24
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 2013165091.824.35$15,150
Nov 2013182088.853.74$16,171
Oct 2013178097.423.78$17,341
Sep 201300104.113.72$0
Aug 20131680104.253.52$17,514
Jul 201300102.523.72$0
Jun 20131852694.403.93$17,566
May 201318319094.834.15$18,142
Apr 201318025093.964.28$17,983
Mar 201318328893.623.91$18,259
Feb 201318035791.233.42$17,642
Jan 201336832891.603.42$34,831
Dec 201203086.773.42$103
Nov 201218122586.953.62$16,554
Oct 201218011489.383.40$16,476
Sep 201218417094.672.92$17,915
Aug 201217728492.662.91$17,227
Jul 201236526785.133.02$31,879
Jun 201218725379.822.52$15,564
May 201218127191.612.49$17,256
Apr 2012190119101.652.00$19,551
Mar 2012035105.052.22$78
Feb 2012018101.102.57$46
Jan 201216521698.092.73$16,775
Dec 201118323696.873.24$18,492
Nov 201117922295.723.31$17,869
Oct 201118426784.983.65$16,610
Sep 201136129483.623.99$31,359
Aug 201136429583.404.15$31,582
Jul 201107294.144.52$325
Jun 201118411392.904.64$17,618
May 201118419598.134.40$18,915
Apr 2011181291105.964.33$20,440
Mar 201118431696.364.06$19,012
Feb 201119023985.644.18$17,271
Jan 201135527786.504.59$31,979
Dec 201018126585.734.35$16,669
Nov 201018527880.843.80$16,011
Oct 201018330678.103.51$15,366
Sep 201017928272.633.98$14,123
Aug 201026530973.684.42$20,891
Jul 201018829572.554.74$15,037
Jun 201017928270.364.91$13,979
May 201017828471.124.24$13,862
Apr 201036220081.694.12$30,396
Mar 201018426778.394.39$15,596
Feb 201053518773.585.44$40,383
Jan 201008474.365.96$501
Dec 2009011671.445.48$636
Nov 200934818074.593.75$26,633
Oct 2009023272.544.11$954
Sep 200934225765.543.06$23,202
Aug 200918827167.423.22$13,547
Jul 200917926361.133.46$11,853
Jun 200917625866.163.90$12,649
May 200918222754.743.93$10,854
Apr 200918318646.773.59$9,226
Mar 200918225842.144.06$8,717
Feb 200937724932.814.63$13,523
Jan 200919625835.865.37$8,414
Dec 200837319937.105.98$15,028
Nov 2008014555.496.86$995
Oct 200818617675.246.92$15,213
Sep 2008362153101.767.88$38,042
Aug 20080220114.228.48$1,866
Jul 2008188279131.0811.39$27,821
Jun 2008182287131.3313.03$27,642
May 2008174286123.1711.57$24,742
Apr 2008178260110.3110.45$22,353
Mar 2008356263101.909.66$38,818
Feb 200818110092.538.77$17,625
Jan 200835724890.388.21$34,301
Dec 2007024488.337.30$1,782
Nov 200718528391.677.29$19,023
Oct 200718231982.856.92$17,287
Sep 200717829575.846.24$15,342
Aug 200736532169.066.39$27,257
Jul 200718132770.906.39$14,922
Jun 200718231462.007.55$13,654
May 200735835958.747.85$23,846
Apr 200718138159.617.81$13,763
Mar 200734854956.927.30$23,817
Feb 20070155.108.22$8
Jan 20070050.306.73$0
Dec 200607656.656.92$526
Nov 2006017654.207.62$1,341
Oct 2006019154.906.01$1,149
Sep 2006018160.085.04$912
Aug 2006017968.717.34$1,314
Jul 2006118969.376.34$1,268
Jun 2006119066.286.38$1,279
May 200610722166.016.42$8,483
Apr 2006021664.397.36$1,590
Mar 2006120256.707.08$1,487
Feb 2006114257.597.75$1,158
Jan 200637035660.598.93$25,599
Dec 200536646754.9413.42$26,373
Nov 2005015854.6910.59$1,673
Oct 2005029058.3413.80$4,001
Sep 2005022061.4512.08$2,657
Aug 200518038861.519.80$14,873
Jul 200515728755.697.84$10,994
Jun 200517743752.337.38$12,488
May 200518131545.226.65$10,280
Apr 200518029249.207.36$11,005
Mar 2005037950.377.15$2,712
Feb 200518334545.226.31$10,453
Jan 200518336943.166.32$10,231
Dec 200418635239.866.75$9,790
Nov 200418536045.286.33$10,656
Oct 200418539149.706.52$11,742
Sep 200418139843.245.28$9,929
Aug 200418141142.375.55$9,950
Jul 200418241538.286.08$9,492
Jun 200417739736.106.43$8,944
May 200417839237.486.49$9,217
Apr 200418837734.475.86$8,689
Mar 200418138534.365.53$8,348
Feb 200416934932.455.51$7,407
Jan 200419037432.036.30$8,442
Dec 200318436130.266.30$7,843
Nov 200335435928.804.60$11,845
Oct 2003037628.174.76$1,790
Sep 200318539026.314.75$6,720
Aug 200318340829.765.13$7,539
Jul 200318140729.415.17$7,428
Jun 2003038528.565.98$2,303
May 200317739126.595.97$7,042
Apr 200317837726.675.41$6,786
Mar 200318739231.146.10$8,213
Feb 200318034433.487.93$8,753
Jan 200318837530.315.58$7,792
Dec 200218737526.914.85$6,852
Nov 200237437424.664.14$10,770
Oct 200218239826.464.23$6,499
Sep 200218334527.443.64$6,276
Aug 2002040625.963.16$1,285
Jul 200213633824.583.06$4,378
Jun 200215141423.733.34$4,965
May 200218140624.663.58$5,919
Apr 200218038923.653.51$5,623
Mar 200218939422.003.10$5,380
Feb 200218934318.222.38$4,258
Jan 200218936317.172.38$4,108
Dec 200114836116.932.36$3,359
Nov 200118937718.072.41$4,322
Oct 200119342319.782.53$4,887
Sep 200119139324.262.25$5,518
Aug 2001041124.873.05$1,255
Jul 200116646123.933.20$5,446
Jun 200117845224.563.82$6,100
May 200117743225.524.31$6,378
Apr 200117942624.685.34$6,691
Mar 200118541424.545.38$6,766
Feb 200118538127.755.77$7,331
Jan 200118641227.478.40$8,570
Dec 200016637626.889.12$7,892
Nov 20005858332.215.66$5,167
Oct 200023041831.235.15$9,334
Sep 200017243031.875.19$7,712
Aug 200014632729.644.54$5,812
Jul 200015739428.534.09$6,091
Jun 200018340829.304.40$7,156
May 200018142527.263.68$6,498
Apr 200018341724.513.12$5,785
Mar 200018241928.422.86$6,371
Feb 200017535727.622.73$5,807
Jan 200018432025.272.48$5,443
Dec 1999029424.282.42$713
Nov 199915823523.192.43$4,236
Oct 1999167620.982.80$3,520
Sep 1999182221.752.62$3,964
Aug 199915911919.262.88$3,405
Jul 199911538917.892.37$2,980
Jun 199914036815.942.36$3,101
May 199934144215.792.32$6,410
Apr 1999141415.102.21$929
Mar 199920141712.471.84$3,273
Feb 19991493839.981.82$2,183
Jan 199918940910.381.90$2,739
Dec 19981924089.201.77$2,490
Nov 199814440910.892.19$2,462
Oct 199839443912.421.97$5,758
Sep 1998281212.592.08$1,716
Aug 199836396811.301.91$5,948
Jul 19985361,55211.742.24$9,765
Jun 19985451,15511.242.24$8,710
May 19983691,17212.622.21$7,243
Apr 19983681,25413.042.51$7,940
Mar 19983621,30012.802.31$7,636
Feb 19981871,02213.952.30$4,958
Jan 19983581,23614.702.15$7,926
Dec 19975561,34816.322.41$12,324
Nov 19973701,27818.193.09$10,677
Oct 19975251,32919.253.15$14,292
Sep 19975701,41817.742.95$14,302
Aug 19976811,74917.862.55$16,631
Jul 1997072217.582.25$1,622
Jun 19976261,25917.242.26$13,634
May 19971781,32018.972.31$6,424
Apr 19973761,38917.882.08$9,616
Mar 19975461,50918.951.94$13,273
Feb 19973591,29820.492.21$10,219
Jan 19974681,49023.483.54$16,263
Dec 19964761,42623.32$11,100
Nov 19965441,44421.97$11,952
Oct 19965521,58023.31$12,867
Sep 19963571,48322.22$7,933
Aug 19965361,59020.26$10,859
Jul 19964921,64019.55$9,619
Jun 19965011,63518.73$9,384
May 19963521,71519.43$6,839
Apr 19965551,56821.51$11,938
Mar 19965251,60019.38$10,175
Feb 19961771,80716.98$3,005
Jan 19964821,63417.07$8,228
Dec 19958871,76917.19$15,248
Nov 19951781,74716.00$2,848
Oct 19956191,89215.43$9,551
Sep 19953421,67816.18$5,534
Aug 19955411,69315.92$8,613
Jul 19955372,03515.24$8,184
Jun 19955492,00616.41$9,009
May 19953542,00517.56$6,216
Apr 19957021,88217.73$12,446
Mar 19955431,90116.44$8,927
Feb 19953641,68316.58$6,035
Jan 19954981,77215.92$7,928
Dec 19946932,10015.03$10,416
Nov 19945442,18615.90$8,650
Oct 19945352,38815.58$8,335
Sep 19945322,34315.29$8,134
Aug 19943092,42116.13$4,984
Jul 19945222,41517.56$9,166
Jun 19945772,42817.09$9,861
May 19946022,49415.88$9,560
Apr 19944812,44814.14$6,801
Mar 19948362,51512.46$10,417
Feb 19946112,25412.50$7,638
Jan 19945362,54012.66$6,786
Dec 19938692,50612.33$10,715
Nov 19935452,61414.49$7,897
Oct 19935322,92815.85$8,432
Sep 19937043,04515.03$10,581
Aug 19936993,34715.66$10,946
Jul 19937183,45015.46$11,100
Jun 19935683,35816.79$9,537
May 19939583,67617.68$16,937
Apr 19935423,66618.05$9,783
Mar 19939423,97518.14$17,088
Feb 19935662,93217.90$10,131
Jan 19931,0833,81816.93$18,335

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.

May 2026 — as filed, then multipliedworked
Oil                  332 bbl  × $106.41 =    $35,328
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $35,328

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/31409 is the state's own key, not one this site invented.