MASTERSON

Operated by SUMMIT EXPLORATION, L.L.C. (P-5 829201) in the APCO-WARNER field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 317District 08Field 03278001Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$157 k
Jan 1993 – Mar 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
183
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 31 leases and 54 wells, and the rule below applies to all of them.

Discovered
1939-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
880 ft
minimum
From a lease line
440 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1997-08-01.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 07/01/98.

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
OilDisposition9,151 bbl$154,531
Casinghead gasProduction11,258 Mcf$2,166
Total$156,697

10,249 Mcf of this lease's gas, across 45 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 (3)

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 31.1355, -102.6411. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

31.13519, -102.64128 · 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%
3 of 3 wells
With a plug date
100.0%
3 of 3 wells
Median depth
4,680 ft
3 wells filed one
Completion to plug
31.0 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
3100.0%
A plug date is filed
3100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
3100.0%
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 4,598 and 4,690 ft, median 4,680 ft, over the 3 wells that filed a depth.

Completions filed
May 1973 – Jul 2008
2 of 3 wells; 1 filed none
Plug dates filed
Oct 1985 – May 2004
3 of 3 wells

Last completion to plug: a median of 31.0 years across the 1 well that filed both dates, with the middle half between 31.0 years and 31.0 years. A further 1 well is excluded, because the last completion the Commission holds for it is dated after the plug date. Both dates are the latest of their kind on the wellbore record and they are filed separately, so the two need not run in order. The gap is the distance between two filed dates — it is not a statement of how long the well produced.

3 wells

42-3710679234,690 ftOct 1985Yes
42-3710029114,680 ftJul 2008May 2004Yes
42-3713080144,598 ftMay 1973May 2004Yes

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 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 20030028.565.98$0
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 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 2000133031.235.15$4,154
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
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 19990015.792.32$0
Apr 19998015.102.21$121
Mar 1999163012.471.84$2,033
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 1998179011.742.24$2,101
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 1998364013.042.51$4,747
Mar 19980012.802.31$0
Feb 1998194013.952.30$2,706
Jan 1998180014.702.15$2,646
Dec 1997181016.322.41$2,954
Nov 1997185018.193.09$3,365
Oct 1997190019.253.15$3,658
Sep 1997378017.742.95$6,706
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 199717816017.242.26$3,430
May 1997021418.972.31$494
Apr 19971779617.882.08$3,365
Mar 199718334318.951.94$4,133
Feb 199717718620.492.21$4,037
Jan 199701023.483.54$35
Dec 199604123.32$0
Nov 1996012821.97$0
Oct 199618612823.31$4,336
Sep 199618929722.22$4,200
Aug 199618814520.26$3,809
Jul 1996014519.55$0
Jun 199618110518.73$3,390
May 1996963919.43$1,865
Apr 199618318021.51$3,936
Mar 199612721419.38$2,461
Feb 199618853216.98$3,192
Jan 199617962417.07$3,056
Dec 199505917.19$0
Nov 199515419616.00$2,464
Oct 199518131415.43$2,793
Sep 199519116016.18$3,090
Aug 19951774215.92$2,818
Jul 199504915.24$0
Jun 19951799416.41$2,937
May 199536519017.56$6,409
Apr 199518120717.73$3,209
Mar 199536446616.44$5,984
Feb 199518231216.58$3,018
Jan 199503215.92$0
Dec 19940015.03$0
Nov 19940015.90$0
Oct 19940015.58$0
Sep 1994010415.29$0
Aug 199418423316.13$2,968
Jul 1994011317.56$0
Jun 199403317.09$0
May 199402515.88$0
Apr 199406714.14$0
Mar 199417022312.46$2,118
Feb 199417821512.50$2,225
Jan 199436322812.66$4,596
Dec 1993091512.33$0
Nov 199316216614.49$2,347
Oct 199335825815.85$5,674
Sep 199318225715.03$2,735
Aug 199317828815.66$2,787
Jul 199318123615.46$2,798
Jun 1993031916.79$0
May 199313341117.68$2,351
Apr 199316829218.05$3,032
Mar 199317833318.14$3,229
Feb 199317944617.90$3,204
Jan 199317638816.93$2,980

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.

Oct 2000 — as filed, then multipliedworked
Oil                  133 bbl  × $ 31.23 =     $4,154
Casinghead gas         0 Mcf  × $  5.15 =         $0

────────────────────────────────────────────────────
Month total                                   $4,154

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/317 is the state's own key, not one this site invented.