SUGG -B-

Operated by INDEPENDENCE RESOURCES MGMT, LLC (P-5 423716) in the LOWER HALF (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 36998District 08Field 55279500OilCasinghead gasSave
Value, all time
$36.8 M
Feb 2003 – Mar 2020
Value, last 12 filed months
$193 k
at the published price for each month
Months reported
206
no gaps in the span
Streams
2
oil, casinghead gas

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
OilDisposition430,944 bbl$29,942,062
Casinghead gasProduction1,383,707 Mcf$6,840,699
Total$36,782,761

Wells on this lease (27)

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 31.5751, -101.1732. A lease has no coordinate of its own — that point is the mean of its wells, and they span 2.2 miles.

31.57524, -101.17299 · 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%
27 of 27 wells
With a plug date
22.2%
6 of 27 wells
Median depth
7,980 ft
27 wells filed one
Completion to plug
12.2 years
median over 6 wells

What the state filed about each well

On the RRC proration schedule
27100.0%
A plug date is filed
622.2%
BothOn the schedule and plugged. Neither fact cancels the other.
622.2%
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

0k
2k
4k
6k
8k
10k
12k
15k
20k+

Total depth in feet, 27 of 27 wells. Median 7,980 ft, with the middle half between 7,950 and 8,015 ft; the shallowest is 7,875 ft and the deepest 8,090 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

00s
10s

Last completion by decade, 27 of 27 wells, Jul 2001 – Jun 2015. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Jul 2001 – Jun 2015
27 of 27 wells
Plug dates filed
Jan 2010 – Jun 2024
6 of 27 wells; 21 filed none

Last completion to plug: a median of 12.2 years across the 6 wells that filed both dates, with the middle half between 6.5 years and 17.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

27 wells

42-4313251913107,940 ftJun 2015Yes
42-4313206214037,962 ftSep 2013Yes
42-4313236116057,980 ftJun 2013Yes
42-4313239111107,912 ftNov 2012Yes
42-4313191113028,000 ftSep 2008Yes
42-4313189213017,975 ftSep 2008Jul 2023Yes
42-4313203711078,025 ftSep 2008Yes
42-4313245613118,090 ftSep 2008Yes
42-4313251811148,000 ftAug 2008Yes
42-4313233011117,950 ftAug 2008Yes
42-4313232613097,950 ftJul 2008Yes
42-4313249216068,070 ftMay 2008Yes
42-4313244311138,005 ftJun 2007Yes
42-4313241914067,920 ftJun 2007Yes
42-4313194213038,000 ftDec 2006Yes
42-4313210013048,050 ftDec 2006Yes
42-4313247213128,087 ftMar 2006Sep 2015Yes
42-4313250713088,050 ftFeb 2006Jun 2024Yes
42-4313186914017,875 ftAug 2005Feb 2011Yes
42-4313239811127,970 ftAug 2005Yes
42-4313245811168,000 ftAug 2005Yes
42-4313244416077,962 ftJun 2005Yes
42-4313208114047,875 ftApr 2005Yes
42-4313239313078,040 ftFeb 2005Yes
42-4313187711027,950 ftFeb 2005Jan 2010Yes
42-4313190711047,900 ftJan 2005Yes
42-4313205411088,000 ftJul 2001Nov 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 (206)

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

206 months

Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20195482,61455.052.66$37,114
Aug 20195162,86753.112.30$34,011
Jul 20195962,53056.272.46$39,761
Jun 20191892,51852.782.49$16,248
May 20195122,39258.482.74$36,497
Apr 20193522,51062.632.75$28,950
Mar 20193532,22556.803.06$26,864
Feb 20194612,31750.852.79$29,911
Jan 20193292,63846.033.23$23,660
Dec 20185202,62846.594.19$35,226
Nov 20183442,93352.934.24$30,636
Oct 20184723,04361.443.40$39,340
Sep 20185082,94559.543.11$39,399
Aug 20186293,26859.403.07$47,384
Jul 20187542,71665.142.93$57,079
Jun 20181812,70960.183.08$19,228
May 20185542,73965.382.90$44,166
Apr 20183682,72463.842.90$31,395
Mar 20181,0223,51061.222.79$72,349
Feb 20185723,24961.782.77$44,325
Jan 20188523,41962.874.01$67,273
Dec 20176413,19157.272.92$46,033
Nov 20177373,18755.423.12$50,783
Oct 20177813,65849.292.98$49,410
Sep 20177283,60547.523.09$45,724
Aug 20178864,50445.373.00$53,730
Jul 20177984,67243.873.09$49,432
Jun 20176984,25242.493.09$42,785
May 20178654,31945.373.26$53,340
Apr 20176915,29247.933.21$50,115
Mar 20177784,89246.772.98$50,983
Feb 20176944,77750.452.95$49,117
Jan 20176945,25049.413.42$52,239
Dec 20167735,41948.763.72$57,866
Nov 20166945,40542.492.64$43,781
Oct 20168575,25146.193.09$55,812
Sep 20167695,36041.553.10$48,571
Aug 20169435,97141.442.92$56,539
Jul 20162685,73741.622.92$27,931
Jun 20169935,84945.352.69$60,742
May 20168637,39942.521.99$51,426
Apr 20168185,24136.561.99$40,341
Mar 20167975,20433.011.79$35,645
Feb 20165544,75826.472.06$24,483
Jan 20161,0515,27627.352.36$41,219
Dec 20156735,04632.362.00$31,877
Nov 20156685,19738.792.17$37,175
Oct 20159526,05943.552.43$56,162
Sep 20156705,61842.992.76$44,300
Aug 20157568,28540.162.87$54,160
Jul 20151,0267,81248.152.95$72,409
Jun 20157127,23956.152.88$60,848
May 20151,0347,59155.212.96$79,522
Apr 20151,0488,27849.822.71$74,616
Mar 20151,3039,30942.892.93$83,205
Feb 20159068,17044.662.98$64,777
Jan 20151,6477,32843.433.10$94,251
Dec 20141,4288,79054.693.59$109,665
Nov 20141,2148,22170.464.25$120,493
Oct 20141,2058,29778.303.90$126,718
Sep 20141,0708,07086.164.05$124,838
Aug 20141,1258,24489.394.04$133,829
Jul 20141,2647,69996.564.18$154,231
Jun 20141,3357,82798.164.74$168,119
May 20141,3478,01194.734.73$165,466
Apr 20141,3948,57195.944.81$174,959
Mar 20141,4678,37695.895.06$183,026
Feb 20141,3768,71197.406.19$187,961
Jan 20142,36510,12190.404.86$262,991
Dec 20131,51910,09891.824.35$183,446
Nov 20131,0879,09088.853.74$130,561
Oct 20132,21310,26497.423.78$254,382
Sep 20131,4829,851104.113.72$190,914
Aug 20131,92710,025104.253.52$236,204
Jul 20132,48512,419102.523.72$300,933
Jun 20131,43210,49594.403.93$176,462
May 20132,0029,43294.834.15$228,984
Apr 20131,70510,52693.964.28$205,280
Mar 20132,01211,02493.623.91$231,499
Feb 20131,9969,05791.233.42$213,069
Jan 20132,91910,80991.603.42$304,346
Dec 20123,06210,61086.773.42$301,978
Nov 20121,8189,45486.953.62$192,345
Oct 20121,4889,60289.383.40$165,641
Sep 20121,5999,29594.672.92$178,504
Aug 20121,43310,10092.662.91$162,154
Jul 20121,8159,54085.133.02$183,329
Jun 20121,2889,54779.822.52$126,857
May 20121,32410,13291.612.49$146,503
Apr 20121,82810,328101.652.00$206,439
Mar 20121,88010,051105.052.22$219,828
Feb 20121,9298,598101.102.57$217,121
Jan 20122,33910,07798.092.73$256,984
Dec 20111,5669,24296.873.24$181,640
Nov 20111,78310,07095.723.31$204,013
Oct 20111,66810,05184.983.65$178,418
Sep 20111,4609,37483.623.99$159,448
Aug 20112,0938,36383.404.15$209,257
Jul 20111,7859,06994.144.52$209,007
Jun 20111,8448,39592.904.64$210,259
May 20112,2399,91398.134.40$263,378
Apr 20111,8358,580105.964.33$231,616
Mar 20112,3499,12196.364.06$263,357
Feb 20111,7447,79385.644.18$181,931
Jan 20111,8708,32586.504.59$199,957
Dec 20102,3559,76185.734.35$244,333
Nov 20102,2178,94680.843.80$213,175
Oct 20102,3789,70278.103.51$219,765
Sep 20102,03010,04472.633.98$187,409
Aug 20102,44710,23673.684.42$225,532
Jul 20102,13810,48672.554.74$204,779
Jun 20102,22110,79670.364.91$209,282
May 20102,72011,90171.124.24$243,850
Apr 20102,23611,12881.694.12$228,536
Mar 20103,08610,94278.394.39$289,932
Feb 20101,9348,24373.585.44$187,165
Jan 20102,57510,29774.365.96$252,889
Dec 20092,76410,87871.445.48$257,112
Nov 20092,91711,39874.593.75$260,339
Oct 20092,74710,90472.544.11$244,086
Sep 20092,77511,80165.543.06$218,041
Aug 20093,34613,11967.423.22$267,811
Jul 20092,54612,41761.133.46$198,656
Jun 20092,70211,83966.163.90$224,877
May 20093,27913,70754.743.93$233,303
Apr 20093,42512,16946.773.59$203,844
Mar 20093,61311,63942.144.06$199,495
Feb 20093,14210,50732.814.63$151,768
Jan 20093,58812,13135.865.37$193,821
Dec 20084,02713,75437.105.98$231,611
Nov 20084,72413,43355.496.86$354,290
Oct 20084,82811,50075.246.92$442,861
Sep 20083,2688,450101.767.88$399,113
Aug 20082,9378,477114.228.48$407,375
Jul 20083,4548,525131.0811.39$549,845
Jun 20083,6658,053131.3313.03$586,276
May 20082,8516,589123.1711.57$427,421
Apr 20083,4156,031110.3110.45$439,762
Mar 20083,3166,723101.909.66$402,872
Feb 20083,1546,25092.538.77$346,656
Jan 20084,3167,32890.388.21$450,212
Dec 20073,7006,22588.337.30$372,276
Nov 20074,1497,29491.677.29$433,524
Oct 20075,2378,74482.856.92$494,411
Sep 20075,3808,53775.846.24$461,326
Aug 20073,9376,16469.066.39$311,264
Jul 20074,1846,83070.906.39$340,275
Jun 20073,9726,85662.007.55$298,016
May 20074,2657,42758.747.85$308,800
Apr 20075,0408,55759.617.81$367,224
Mar 20075,1217,61756.927.30$347,106
Feb 20073,9286,04855.108.22$266,123
Jan 20073,5275,27650.306.73$212,899
Dec 20064,0796,80156.656.92$278,128
Nov 20064,6157,26854.207.62$305,497
Oct 20064,7847,83354.906.01$309,748
Sep 20064,4777,17560.085.04$305,120
Aug 20064,55510,89068.717.34$392,906
Jul 20066,51511,32369.376.34$523,765
Jun 20066,39111,92566.286.38$499,723
May 20067,60014,21666.016.42$593,014
Apr 20068,48313,60764.397.36$646,374
Mar 20065,70410,67456.707.08$399,020
Feb 20064,4348,94757.597.75$324,703
Jan 20065,47410,02860.598.93$421,253
Dec 20055,9869,71054.9413.42$459,134
Nov 20056,0639,50854.6910.59$432,260
Oct 20056,6789,02558.3413.80$514,101
Sep 20057,5888,53661.4512.08$569,389
Aug 20058,1729,95561.519.80$600,187
Jul 20054,4148,13855.697.84$309,647
Jun 20055,1118,58752.337.38$330,840
May 20057,1669,33845.226.65$386,155
Apr 20058,8769,01449.207.36$503,047
Mar 20059,3526,73150.377.15$519,220
Feb 20055,4413,55845.226.31$268,500
Jan 20052,5052,05743.166.32$121,121
Dec 20041,09963139.866.75$48,066
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

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.

Sep 2019 — as filed, then multipliedworked
Oil                  548 bbl  × $ 55.05 =    $30,167
Casinghead gas     2,614 Mcf  × $  2.66 =     $6,946

────────────────────────────────────────────────────
Month total                                  $37,114

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/36998 is the state's own key, not one this site invented.