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KEYSTONE CATTLE COMPANY

Operated by BURLINGTON RES O&G CO-PERMIAN (P-5 109334) in the KEYSTONE, SOUTH (WICHITA ALBANY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 32721District 08Field 49133800OilCasinghead gasSaveExport
Value, all time
$7.7 M
Jan 1993 – Sep 2001
Value, last 12 filed months
$919 k
at the published price for each month
Months reported
105
no gaps in the span
Streams
2
oil, casinghead gas

The KEYSTONE, SOUTH (WICHITA ALBANY) 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 4 leases and 24 wells, and the rule below applies to all of them.

Discovered
1990-05-01
as the register files it
Field class
Oil
the register's own label
Between wells
—
no field rule filed
From a lease line
—
no field rule filed

The Commission's schedule remark for this field reads: “KEYSTONE, SOUTH FIELD EFFECTIVE 5/22/2001”

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
OilDisposition324,465 bbl$5,807,026
Casinghead gasProduction1,602,409 Mcf$1,897,481
Total$7,704,507

959,949 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 (21)

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 31.8790, -102.9608. A lease has no coordinate of its own — that point is the mean of its wells, and they span 2.1 miles.

31.88185, -102.96675 · 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%
21 of 21 wells
With a plug date
33.3%
7 of 21 wells
Median depth
7,765 ft
21 wells filed one
Completion to plug
9.0 years
median over 7 wells

What the state filed about each well

On the RRC proration schedule
21100.0%
A plug date is filed
733.3%
BothOn the schedule and plugged. Neither fact cancels the other.
733.3%
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

Total depth in feet, 21 of 21 wells. Median 7,765 ft, with the middle half between 7,419 and 8,374 ft; the shallowest is 7,056 ft and the deepest 11,050 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 21 of 21 wells, Jun 1994 – Sep 2018. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Jun 1994 – Sep 2018
21 of 21 wells
Plug dates filed
Feb 2003 – Feb 2023
7 of 21 wells; 14 filed none

Last completion to plug: a median of 9.0 years across the 7 wells that filed both dates, with the middle half between 7.8 years and 16.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

21 wells

42-495323344098,374 ftSep 2018Feb 2023Yes
42-495323684257,910 ftDec 2014Feb 2023Yes
42-495323454147,580 ftFeb 2014Feb 2023Yes
42-495323544177,765 ftJul 2011—Yes
42-495323834307,346 ftApr 2009—Yes
42-495324384357,500 ftMar 2009—Yes
42-495323704228,325 ftMay 2007Jan 2022Yes
42-4951089330111,050 ftJan 2004—Yes
42-495323134037,056 ftJul 2002Dec 2020Yes
42-495323314088,154 ftOct 2001—Yes
42-495324394327,550 ftOct 2001—Yes
42-495323824297,300 ftSep 2001—Yes
42-495323144058,466 ftJul 2001—Yes
42-495323444157,525 ftJul 2001—Yes
42-495323504187,862 ftJun 2001—Yes
42-495323374137,350 ftMar 2001—Yes
42-495323304068,800 ftMar 2001—Yes
42-495323354108,618 ftFeb 2001—Yes
42-495323154047,419 ftApr 1997—Yes
42-495323694198,803 ftSep 1995Feb 2003Yes
42-495101312527,330 ftJun 1994Jan 2023Yes

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 (105)

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

105 months

Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 2001307025.524.31$7,835
Apr 20014,60711,85124.685.34$176,930
Mar 20012,1909,59124.545.38$105,308
Feb 20011,9269,40727.755.77$107,697
Jan 20012,6339,41227.478.40$151,378
Dec 20002,1329,25426.889.12$141,728
Nov 20001,9069,07532.215.66$112,739
Oct 20002,1649,23431.235.15$115,095
Sep 20002,1949,33431.875.19$118,334
Aug 20002,3569,74329.644.54$114,072
Jul 20002,2959,72528.534.09$105,249
Jun 20001,8948,91729.304.40$94,704
May 20002,37810,35427.263.68$102,924
Apr 20002,1519,91224.513.12$83,607
Mar 20002,26110,20428.422.86$93,439
Feb 20002,30610,26127.622.73$91,668
Jan 20002,46110,60225.272.48$88,488
Dec 19992,38210,89124.282.42$84,232
Nov 19992,47111,23323.192.43$84,644
Oct 19992,82612,04920.982.80$93,071
Sep 19992,45211,77021.752.62$84,155
Aug 19992,80412,56419.262.88$90,134
Jul 19992,51112,25617.892.37$73,998
Jun 19992,30511,48115.942.36$63,861
May 19992,33216,53915.792.32$75,210
Apr 19992,47613,79515.102.21$67,848
Mar 19992,44111,33812.471.84$51,282
Feb 19992,16610,9439.981.82$41,509
Jan 19992,74811,89810.381.90$51,130
Dec 19982,71712,8319.201.77$47,750
Nov 19982,50112,52610.892.19$54,614
Oct 19982,94213,79612.421.97$63,707
Sep 19981,90514,55712.592.08$54,301
Aug 19982,07714,01411.301.91$50,200
Jul 19982,76314,42511.742.24$64,710
Jun 19981,65313,25911.242.24$48,244
May 19982,94913,40812.622.21$66,799
Apr 19982,25210,07913.042.51$54,617
Mar 19982,31511,20812.802.31$55,516
Feb 19982,10511,39513.952.30$55,563
Jan 19982,79813,04414.702.15$69,238
Dec 19973,07813,33516.322.41$82,385
Nov 19972,69213,40818.193.09$90,375
Oct 19972,61314,46219.253.15$95,853
Sep 19973,42716,03717.742.95$108,182
Aug 19973,16515,83517.862.55$96,981
Jul 19973,20415,80717.582.25$91,844
Jun 19973,87617,20017.242.26$105,646
May 19973,84517,64418.972.31$113,671
Apr 19973,47515,46317.882.08$94,339
Mar 19972,83017,13218.951.94$86,850
Feb 19972,93613,91620.492.21$90,856
Jan 19972,93414,04623.483.54$118,609
Dec 19963,39315,31323.32—$79,125
Nov 19962,92514,60021.97—$64,262
Oct 19963,13716,68023.31—$73,123
Sep 19962,94816,70722.22—$65,505
Aug 19963,08317,37420.26—$62,462
Jul 19963,00318,26919.55—$58,709
Jun 19962,83614,13218.73—$53,118
May 19962,84316,69719.43—$55,239
Apr 19963,26116,08321.51—$70,144
Mar 19963,19416,01519.38—$61,900
Feb 19963,33217,95016.98—$56,577
Jan 19963,62319,94317.07—$61,845
Dec 19953,14020,05117.19—$53,977
Nov 19953,22020,23816.00—$51,520
Oct 19953,35520,23915.43—$51,768
Sep 19953,24819,98316.18—$52,553
Aug 19953,78823,55515.92—$60,305
Jul 19953,39122,47515.24—$51,679
Jun 19953,71122,40216.41—$60,898
May 19954,03822,08017.56—$70,907
Apr 19954,26322,20617.73—$75,583
Mar 19954,44923,53216.44—$73,142
Feb 19953,86820,61816.58—$64,131
Jan 19953,96520,37415.92—$63,123
Dec 19944,65418,10715.03—$69,950
Nov 19944,24118,72115.90—$67,432
Oct 19944,75815,90915.58—$74,130
Sep 19944,27118,52015.29—$65,304
Aug 19943,75521,54416.13—$60,568
Jul 19944,63424,06017.56—$81,373
Jun 19944,20723,20317.09—$71,898
May 19944,05723,96715.88—$64,425
Apr 19944,63017,80314.14—$65,468
Mar 19944,91819,87512.46—$61,278
Feb 19943,58518,27112.50—$44,813
Jan 19944,35519,75212.66—$55,134
Dec 19934,26119,82312.33—$52,538
Nov 19934,47619,66914.49—$64,857
Oct 19934,71821,23015.85—$74,780
Sep 19934,07520,64815.03—$61,247
Aug 19934,61522,14815.66—$72,271
Jul 19934,65123,23815.46—$71,904
Jun 19934,52823,66716.79—$76,025
May 19934,66624,02817.68—$82,495
Apr 19934,59622,05618.05—$82,958
Mar 19934,71924,17618.14—$85,603
Feb 19934,97520,81917.90—$89,053
Jan 19934,97921,19916.93—$84,294

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 2001 — as filed, then multipliedworked
Oil                  307 bbl  × $ 25.52 =     $7,835
Casinghead gas         0 Mcf  × $  4.31 =         $0

────────────────────────────────────────────────────
Month total                                   $7,835

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/32721 is the state's own key, not one this site invented.