MERCHANT STATE

Operated by OLSEN ENERGY INC. (P-5 621750) in the LEHN-APCO, S. (WICHITA-ALBANY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 34786District 08Field 53010500Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$4.8 M
Jun 1995 – May 2026
Value, last 12 filed months
$155 k
at the published price for each month
Months reported
372
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 36 wells, and the rule below applies to all of them.

Discovered
1977-07-05
as the register files it
Field class
Oil and gas
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 1992-12-14.

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: TO 4645'

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
OilDisposition51,678 bbl$2,667,905
Casinghead gasProduction618,067 Mcf$2,100,437
Total$4,768,342

63,357 Mcf of this lease's gas, across 6 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 31.1156, -102.6792. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.11593, -102.67873 · 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
33.3%
1 of 3 wells
With a plug date
33.3%
1 of 3 wells
Median depth
4,748 ft
3 wells filed one
Completion to plug
7.9 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
133.3%
A plug date is filed
133.3%
BothOn the schedule and plugged. Neither fact cancels the other.
133.3%
NeitherNo plug date, and not on the schedule.
266.7%

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 4,653 and 4,900 ft, median 4,748 ft, over the 3 wells that filed a depth.

Completions filed
Apr 1978 – Jun 1995
3 of 3 wells
Plug dates filed
May 2003
1 of 3 wells; 2 filed none

Last completion to plug: a median of 7.9 years across the 1 well that filed both dates, with the middle half between 7.9 years and 7.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-3713237644,900 ftJun 1995May 2003Yes
42-3713305464,653 ftMay 1980
42-371323392C4,748 ftApr 1978

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 (372)

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

372 months

May 20261660106.413.05$17,664
Apr 2026170098.932.87$16,818
Mar 2026163089.753.15$14,629
Feb 202616526563.503.75$11,471
Jan 202616611459.138.00$10,727
Dec 202516548756.664.41$11,498
Nov 202517320758.593.93$10,949
Oct 2025179059.383.30$10,629
Sep 202517327162.743.08$11,688
Aug 202517554863.933.01$12,840
Jul 202517734566.743.32$12,957
Jun 202517951966.483.13$13,524
May 202517366160.553.23$12,612
Apr 202517953162.363.54$13,044
Mar 202517321167.704.27$12,613
Feb 202517653270.884.34$14,784
Jan 20251783674.324.28$13,383
Dec 202418249068.993.12$14,086
Nov 202418145569.052.20$13,498
Oct 202417623271.372.28$13,090
Sep 202477169.612.36$5,362
Aug 2024177075.632.06$13,387
Jul 2024178079.932.15$14,228
Jun 2024175078.082.63$13,664
May 202417818278.812.20$14,428
Apr 202417733884.451.66$15,508
Mar 202418141780.301.55$15,179
Feb 202416933276.091.78$13,451
Jan 202436231073.023.30$27,456
Dec 2023035371.262.61$922
Nov 202335729777.892.81$28,641
Oct 202317525085.443.09$15,724
Sep 202316736589.042.74$15,868
Aug 202317241580.522.67$14,959
Jul 202317162774.852.64$14,456
Jun 202317559368.962.26$13,407
May 202335767670.622.23$26,717
Apr 202318057678.122.24$15,351
Mar 202317648672.852.39$13,985
Feb 202333744175.112.47$26,399
Jan 202318057776.533.39$15,730
Dec 202217148076.415.73$15,816
Nov 202218162085.005.65$18,886
Oct 202234265687.185.86$33,662
Sep 202218063784.888.16$20,479
Aug 202233565294.529.13$37,615
Jul 2022165607101.587.54$21,339
Jun 2022346458115.097.98$43,475
May 2022166689109.378.43$23,966
Apr 2022333646104.226.84$39,122
Mar 2022345650108.885.08$40,863
Feb 202216860291.054.86$18,221
Jan 2022067681.844.54$3,067
Dec 2021069671.323.90$2,714
Nov 20219262877.435.24$10,412
Oct 2021075279.795.71$4,297
Sep 2021046669.865.35$2,494
Aug 202116976166.024.22$14,369
Jul 2021069170.783.98$2,752
Jun 2021076369.493.38$2,579
May 2021166063.483.02$10,538
Apr 20210060.362.76$0
Mar 2021166061.302.72$10,176
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 2020164044.642.68$7,321
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 2020164037.091.99$6,083
Aug 20200039.982.39$0
Jul 2020169038.371.83$6,485
Jun 202003734.901.69$63
May 2020032516.921.81$590
Apr 2020024514.751.80$442
Mar 202017123330.341.86$5,621
Feb 2020061349.881.98$1,214
Jan 2020073657.252.09$1,542
Dec 201917058259.012.30$11,373
Nov 2019081855.302.75$2,250
Oct 2019082453.472.42$1,993
Sep 2019082055.052.66$2,179
Aug 201916577053.112.30$10,538
Jul 2019080056.272.46$1,968
Jun 2019081152.782.49$2,020
May 201916628758.482.74$10,494
Apr 2019061462.632.75$1,689
Mar 201916988656.803.06$12,312
Feb 2019078450.852.79$2,189
Jan 201916882846.033.23$10,406
Dec 2018075946.594.19$3,177
Nov 2018072852.934.24$3,085
Oct 2018065661.443.40$2,229
Sep 201816675159.543.11$12,218
Aug 2018054359.403.07$1,665
Jul 2018052265.142.93$1,530
Jun 201816970760.183.08$12,346
May 2018075965.382.90$2,202
Apr 201817048563.842.90$12,260
Mar 2018046461.222.79$1,293
Feb 201816560061.782.77$11,853
Jan 2018058962.874.01$2,361
Dec 2017059957.272.92$1,750
Nov 201716820155.423.12$9,937
Oct 2017073849.292.98$2,202
Sep 201716943447.523.09$9,371
Aug 2017053445.373.00$1,604
Jul 20171739143.873.09$7,870
Jun 2017024442.493.09$753
May 2017035045.373.26$1,142
Apr 201716710647.933.21$8,345
Mar 2017026246.772.98$782
Feb 2017067550.452.95$1,993
Jan 201716852449.413.42$10,092
Dec 2016084848.763.72$3,157
Nov 201616865142.492.64$8,860
Oct 2016081146.193.09$2,506
Sep 201616523241.553.10$7,575
Aug 2016076341.442.92$2,231
Jul 201617174041.622.92$9,281
Jun 2016081145.352.69$2,178
May 201617081142.521.99$8,843
Apr 2016027236.561.99$542
Mar 2016170033.011.79$5,612
Feb 20160026.472.06$0
Jan 2016033927.352.36$802
Dec 201516951632.362.00$6,502
Nov 2015072338.792.17$1,567
Oct 2015016043.552.43$388
Sep 201516658442.992.76$8,747
Aug 2015068140.162.87$1,956
Jul 201516858248.152.95$9,803
Jun 201516770656.152.88$11,412
May 2015073055.212.96$2,157
Apr 201513372949.822.71$8,599
Mar 2015050442.892.93$1,479
Feb 2015029944.662.98$890
Jan 201511248243.433.10$6,359
Dec 2014036254.693.59$1,300
Nov 201422592270.464.25$19,774
Oct 2014072678.303.90$2,832
Sep 2014060586.164.05$2,447
Aug 20141151,09889.394.04$14,710
Jul 201411699096.564.18$15,339
Jun 201411379698.164.74$14,863
May 20141161,10294.734.73$16,197
Apr 20141141,13195.944.81$16,376
Mar 20141171,10295.895.06$16,792
Feb 201411876397.406.19$16,218
Jan 201411697790.404.86$15,235
Dec 201323589891.824.35$25,488
Nov 20131161,01388.853.74$14,093
Oct 20131161,11497.423.78$15,511
Sep 2013230792104.113.72$26,890
Aug 201311470104.253.52$12,131
Jul 20131150102.523.72$11,790
Jun 2013114094.403.93$10,762
May 2013112094.834.15$10,621
Apr 201311314993.964.28$11,256
Mar 20131151,20893.623.91$15,493
Feb 20131141,08691.233.42$14,114
Jan 201311386991.603.42$13,323
Dec 20121141,10086.773.42$13,654
Nov 201211685786.953.62$13,193
Oct 20122301,24489.383.40$24,787
Sep 201201,12694.672.92$3,286
Aug 20122291,18692.662.91$24,668
Jul 20121121,01485.133.02$12,598
Jun 201222696479.822.52$20,468
May 201201,25891.612.49$3,130
Apr 20122241,405101.652.00$25,575
Mar 201201,342105.052.22$2,982
Feb 20122271,252101.102.57$26,168
Jan 20121061,27998.092.73$13,894
Dec 20111141,26696.873.24$15,145
Nov 20111131,19795.723.31$14,780
Oct 201101,22584.983.65$4,469
Sep 20111131,37783.623.99$14,938
Aug 20112191,18783.404.15$23,190
Jul 20111121,54594.144.52$17,523
Jun 20111121,33792.904.64$16,608
May 20111091,52398.134.40$17,405
Apr 20111151,479105.964.33$18,594
Mar 20112311,29296.364.06$27,501
Feb 201111080085.644.18$12,764
Jan 20111171,35286.504.59$16,325
Dec 20102281,73185.734.35$27,072
Nov 20101131,29580.843.80$14,050
Oct 20101151,60578.103.51$14,613
Sep 20101151,28072.633.98$13,446
Aug 20101151,58273.684.42$15,465
Jul 20101151,52572.554.74$15,566
Jun 20101131,54070.364.91$15,513
May 20102291,49971.124.24$22,635
Apr 201011598881.694.12$13,468
Mar 201011464378.394.39$11,758
Feb 201011274273.585.44$12,279
Jan 2010063574.365.96$3,787
Dec 200911273871.445.48$12,048
Nov 200911372974.593.75$11,164
Oct 200922479072.544.11$19,496
Sep 200911278565.543.06$9,746
Aug 200911485567.423.22$10,438
Jul 2009080761.133.46$2,796
Jun 200911397166.163.90$11,258
May 20091151,05454.743.93$10,433
Apr 20092251,04046.773.59$14,254
Mar 20091121,06342.144.06$9,034
Feb 200922090132.814.63$11,393
Jan 200922285435.865.37$12,548
Dec 20081121,05837.105.98$10,479
Nov 200811487855.496.86$12,349
Oct 200822485975.246.92$22,800
Sep 2008116877101.767.88$18,712
Aug 20082251,013114.228.48$34,293
Jul 2008111910131.0811.39$24,914
Jun 2008221673131.3313.03$37,795
May 2008108723123.1711.57$21,671
Apr 2008105722110.3110.45$19,131
Mar 2008348582101.909.66$41,086
Feb 200805992.538.77$517
Jan 2008035390.388.21$2,897
Dec 200701,15088.337.30$8,397
Nov 20071041,03591.677.29$17,081
Oct 200710772582.856.92$13,883
Sep 200701,03675.846.24$6,469
Aug 200701,66369.066.39$10,623
Jul 20071081,59470.906.39$17,840
Jun 200732396462.007.55$27,303
May 2007087458.747.85$6,858
Apr 2007043359.617.81$3,380
Mar 20071181,12456.927.30$14,924
Feb 200710953855.108.22$10,426
Jan 2007063150.306.73$4,245
Dec 2006073856.656.92$5,106
Nov 200611076854.207.62$11,812
Oct 200601,31054.906.01$7,878
Sep 200601,08660.085.04$5,470
Aug 20063121,38268.717.34$31,581
Jul 200601,38069.376.34$8,753
Jun 20061091,33166.286.38$15,721
May 200632092266.016.42$27,047
Apr 2006045864.397.36$3,371
Mar 200601,50056.707.08$10,624
Feb 200601,52557.597.75$11,820
Jan 20061101,71260.598.93$21,959
Dec 20051031,63954.9413.42$27,647
Nov 200501,47554.6910.59$15,618
Oct 20051981,72058.3413.80$35,280
Sep 200501,44961.4512.08$17,502
Aug 20051611,74961.519.80$27,038
Jul 2005951,89255.697.84$20,131
Jun 200501,72352.337.38$12,718
May 20051071,91645.226.65$17,582
Apr 20051131,91349.207.36$19,640
Mar 20052161,96750.377.15$24,954
Feb 20051051,77445.226.31$15,945
Jan 20052091,71743.166.32$19,876
Dec 200401,79339.866.75$12,105
Nov 20041151,86945.286.33$17,039
Oct 200401,37749.706.52$8,971
Sep 20042281,86543.245.28$19,713
Aug 20041031,91542.375.55$14,994
Jul 20041071,95638.286.08$15,997
Jun 20042042,02236.106.43$20,372
May 20043242,16837.486.49$26,224
Apr 20041121,95534.475.86$15,314
Mar 20042251,92334.365.53$18,365
Feb 200401,10732.455.51$6,099
Jan 200401,62632.036.30$10,243
Dec 20032241,79030.266.30$18,058
Nov 20032162,10328.804.60$15,884
Oct 20033322,32728.174.76$20,428
Sep 200301,06126.314.75$5,039
Aug 20031121,15729.765.13$9,268
Jul 20031061,15729.415.17$9,100
Jun 20031161,35928.565.98$11,444
May 20031081,46426.595.97$11,616
Apr 20031111,82226.675.41$12,812
Mar 20031102,11331.146.10$16,306
Feb 20031061,96133.487.93$19,092
Jan 20031122,35130.315.58$16,518
Dec 20022241,57426.914.85$13,668
Nov 20021042,21324.664.14$11,720
Oct 2002862,31926.464.23$12,083
Sep 20022222,06027.443.64$13,580
Aug 200202,25225.963.16$7,126
Jul 2002852,14524.583.06$8,657
Jun 2002861,88123.733.34$8,320
May 2002191024.663.58$4,710
Apr 2002922,40023.653.51$10,605
Mar 2002902,51322.003.10$9,777
Feb 20021862,00718.222.38$8,157
Jan 2002952,17517.172.38$6,798
Dec 2001882,45716.932.36$7,299
Nov 20012012,13918.072.41$8,777
Oct 2001932,79219.782.53$8,900
Sep 2001892,57424.262.25$7,954
Aug 2001872,65224.873.05$10,261
Jul 20012062,66223.933.20$13,440
Jun 2001892,57924.563.82$12,048
May 20012082,66125.524.31$16,770
Apr 20011072,64924.685.34$16,774
Mar 20012072,83024.545.38$20,295
Feb 20011912,37827.755.77$19,014
Jan 2001982,47027.478.40$23,437
Dec 2000912,70526.889.12$27,122
Nov 20003072,69632.215.66$25,142
Oct 200002,72931.235.15$14,042
Sep 20001083,19031.875.19$19,987
Aug 20002182,70129.644.54$18,726
Jul 20002334,01328.534.09$23,060
Jun 20001303,77029.304.40$20,387
May 20002493,75327.263.68$20,598
Apr 20003703,79124.513.12$20,881
Mar 20001294,15628.422.86$15,551
Feb 20003823,95027.622.73$21,321
Jan 20002654,04825.272.48$16,738
Dec 19992663,88024.282.42$15,863
Nov 19992624,00723.192.43$15,829
Oct 19991314,11920.982.80$14,297
Sep 19992654,08521.752.62$16,462
Aug 19993794,61019.262.88$20,556
Jul 19991293,66817.892.37$11,010
Jun 19992654,64915.942.36$15,206
May 19993954,69415.792.32$17,132
Apr 19992574,86815.102.21$14,629
Mar 19992615,99712.471.84$14,279
Feb 19992565,7009.981.82$12,916
Jan 19992637,88210.381.90$17,705
Dec 19983956,3969.201.77$14,976
Nov 19982576,74210.892.19$17,535
Oct 19983606,43912.421.97$17,151
Sep 19983956,11312.592.08$17,704
Aug 19983987,48111.301.91$18,766
Jul 19984056,24111.742.24$18,718
Jun 19982717,00911.242.24$18,727
May 19984097,28912.622.21$21,244
Apr 19983946,40613.042.51$21,187
Mar 19985437,78412.802.31$24,927
Feb 19984066,61513.952.30$20,872
Jan 19985306,22414.702.15$21,202
Dec 19972715,40716.322.41$17,460
Nov 199705,42518.193.09$16,754
Oct 19972665,39219.253.15$22,104
Sep 19971356,30517.742.95$21,025
Aug 19972725,76117.862.55$19,576
Jul 19972788,99417.582.25$25,096
Jun 19974019,25717.242.26$27,808
May 19972577,98018.972.31$23,297
Apr 19972697,87417.882.08$21,210
Mar 19973978,39918.951.94$23,810
Feb 19972618,26520.492.21$23,580
Jan 19972938,49823.483.54$36,960
Dec 19964158,94523.32$9,678
Nov 199640210,53321.97$8,832
Oct 199641010,42423.31$9,557
Sep 199648110,48722.22$10,688
Aug 199651211,55320.26$10,373
Jul 199630011,41519.55$5,865
Jun 19960018.73$0
May 19960019.43$0
Apr 19960021.51$0
Mar 19960019.38$0
Feb 19960016.98$0
Jan 19960017.07$0
Dec 19950017.19$0
Nov 19950016.00$0
Oct 19950015.43$0
Sep 19950016.18$0
Aug 19950015.92$0
Jul 19950015.24$0
Jun 19950016.41$0

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                  166 bbl  × $106.41 =    $17,664
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $17,664

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/34786 is the state's own key, not one this site invented.