A. FASKEN ESTATE

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

Operated by GIEBEL PETROLEUM LTD. (P-5 304280) in the GIEBEL (ABO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 32375District 08Field 34742300OilCasinghead gasSave Export

Value, all time

$2.1 M

Jan 1993 – Oct 1998

Value, last 12 filed months

$182 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The GIEBEL (ABO) 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 11 leases and 13 wells, and the rule below applies to all of them.

Discovered

1985-03-17

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 40 acres. The field rule took effect on 1993-03-08.

The Commission's schedule remark for this field reads: “PER DOCKET #8A-0219559.”

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	117,861 bbl	$1,981,445
Casinghead gas	Production	378,494 Mcf	$165,027
Total			$2,146,472

311,256 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.

Every month this lease reported (70)

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

70 months


Oct 1998	0	0	12.42	1.97	$0
Sep 1998	0	0	12.59	2.08	$0
Aug 1998	533	924	11.30	1.91	$7,785
Jul 1998	735	2,897	11.74	2.24	$15,110
Jun 1998	820	2,881	11.24	2.24	$15,662
May 1998	894	3,054	12.62	2.21	$18,020
Apr 1998	739	3,048	13.04	2.51	$17,273
Mar 1998	734	3,175	12.80	2.31	$16,728
Feb 1998	911	2,953	13.95	2.30	$19,498
Jan 1998	1,018	3,330	14.70	2.15	$22,140
Dec 1997	887	3,395	16.32	2.41	$22,662
Nov 1997	923	3,320	18.19	3.09	$27,042
Oct 1997	927	3,600	19.25	3.15	$29,184
Sep 1997	1,081	3,639	17.74	2.95	$29,930
Aug 1997	1,098	3,893	17.86	2.55	$29,556
Jul 1997	1,095	3,920	17.58	2.25	$28,058
Jun 1997	904	3,752	17.24	2.26	$24,054
May 1997	1,290	3,998	18.97	2.31	$33,701
Apr 1997	923	3,878	17.88	2.08	$24,580
Mar 1997	1,480	4,076	18.95	1.94	$35,950
Feb 1997	1,480	3,646	20.49	2.21	$38,368
Jan 1997	1,651	3,859	23.48	3.54	$52,425
Dec 1996	2,230	3,916	23.32	—	$52,004
Nov 1996	2,305	2,718	21.97	—	$50,641
Oct 1996	1,455	3,523	23.31	—	$33,916
Sep 1996	1,089	4,898	22.22	—	$24,198
Aug 1996	1,084	5,574	20.26	—	$21,962
Jul 1996	1,261	5,479	19.55	—	$24,653
Jun 1996	1,090	5,430	18.73	—	$20,416
May 1996	1,084	5,130	19.43	—	$21,062
Apr 1996	1,439	6,161	21.51	—	$30,953
Mar 1996	1,077	5,313	19.38	—	$20,872
Feb 1996	1,445	5,287	16.98	—	$24,536
Jan 1996	1,473	5,636	17.07	—	$25,144
Dec 1995	1,446	5,847	17.19	—	$24,857
Nov 1995	1,310	6,010	16.00	—	$20,960
Oct 1995	1,643	6,278	15.43	—	$25,351
Sep 1995	1,470	6,318	16.18	—	$23,785
Aug 1995	1,462	6,610	15.92	—	$23,275
Jul 1995	1,665	7,222	15.24	—	$25,375
Jun 1995	1,849	7,119	16.41	—	$30,342
May 1995	1,460	7,036	17.56	—	$25,638
Apr 1995	2,006	6,828	17.73	—	$35,566
Mar 1995	2,023	7,087	16.44	—	$33,258
Feb 1995	1,450	6,777	16.58	—	$24,041
Jan 1995	1,632	6,871	15.92	—	$25,981
Dec 1994	1,635	4,884	15.03	—	$24,574
Nov 1994	1,270	3,929	15.90	—	$20,193
Oct 1994	1,985	6,609	15.58	—	$30,926
Sep 1994	1,607	7,097	15.29	—	$24,571
Aug 1994	2,517	8,641	16.13	—	$40,599
Jul 1994	1,782	5,980	17.56	—	$31,292
Jun 1994	2,158	6,343	17.09	—	$36,880
May 1994	2,499	7,265	15.88	—	$39,684
Apr 1994	2,161	6,692	14.14	—	$30,557
Mar 1994	2,165	7,286	12.46	—	$26,976
Feb 1994	2,356	6,529	12.50	—	$29,450
Jan 1994	2,731	7,996	12.66	—	$34,574
Dec 1993	1,997	7,043	12.33	—	$24,623
Nov 1993	1,995	7,181	14.49	—	$28,908
Oct 1993	2,897	8,002	15.85	—	$45,917
Sep 1993	3,059	7,846	15.03	—	$45,977
Aug 1993	3,237	7,926	15.66	—	$50,691
Jul 1993	2,718	7,821	15.46	—	$42,020
Jun 1993	2,541	7,496	16.79	—	$42,663
May 1993	3,695	7,886	17.68	—	$65,328
Apr 1993	3,713	7,925	18.05	—	$67,020
Mar 1993	3,359	8,060	18.14	—	$60,932
Feb 1993	3,597	7,320	17.90	—	$64,386
Jan 1993	3,616	8,431	16.93	—	$61,219

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.

Aug 1998 — as filed, then multipliedworked

Oil                  533 bbl  × $ 11.30 =     $6,023
Casinghead gas       924 Mcf  × $  1.91 =     $1,762

────────────────────────────────────────────────────
Month total                                   $7,785

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/32375 is the state's own key, not one this site invented.