PENROSE OLDHAM "27"

Operated by DIAMONDBACK E&P LLC (P-5 217012) in the MID-MAR, EAST (STRAWN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 38078District 08Field 61143800OilCasinghead gasSaveExport
Value, all time
$3.4 M
Jan 2007 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
233
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 17 leases and 21 wells, and the rule below applies to all of them.

Discovered
1984-05-15
as the register files it
Field class
Oil and gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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
OilDisposition40,960 bbl$2,911,412
Casinghead gasProduction82,984 Mcf$486,875
Total$3,398,287

Wells on this lease (2)

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 32.0732, -101.9060. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

32.07320, -101.90602 · 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
50.0%
1 of 2 wells
With a plug date
50.0%
1 of 2 wells
Median depth
11,862 ft
2 wells filed one
Completion to plug
19.3 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
150.0%
A plug date is filed
150.0%
BothOn the schedule and plugged. Neither fact cancels the other.
150.0%
NeitherNo plug date, and not on the schedule.
150.0%

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 11,840 and 11,883 ft, median 11,862 ft, over the 2 wells that filed a depth.

Completions filed
Jan 2007 – Jul 2015
2 of 2 wells
Plug dates filed
May 2026
1 of 2 wells; 1 filed none

Last completion to plug: a median of 19.3 years across the 1 well that filed both dates, with the middle half between 19.3 years and 19.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-32931211311,840 ftJul 2015
42-32931374511,883 ftJan 2007May 2026Yes

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 (233)

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

233 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 202550060.553.23$3,028
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 2025140070.884.34$9,923
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 2024153071.372.28$10,920
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 2024185079.932.15$14,787
Jun 20240078.082.63$0
May 2024162078.812.20$12,767
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 2024173076.091.78$13,164
Jan 2024170073.023.30$12,413
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 2023156074.852.64$11,677
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 2023171072.852.39$12,457
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 2022011985.005.65$672
Oct 202217026787.185.86$16,386
Sep 202218625584.888.16$17,869
Aug 202218368894.529.13$23,577
Jul 202211176101.587.54$2,445
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 20220106104.226.84$725
Mar 20220266108.885.08$1,350
Feb 202218362991.054.86$19,718
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 2021351079.795.71$28,006
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 2021172070.783.98$12,174
Jun 20211575969.493.38$11,109
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 2021174061.302.72$10,666
Feb 20210257.805.55$11
Jan 2021164050.412.81$8,267
Dec 2020171044.642.68$7,633
Nov 20200038.772.71$0
Oct 202001636.972.48$40
Sep 202017015937.091.99$6,622
Aug 20200039.982.39$0
Jul 20202038.371.83$77
Jun 202016840834.901.69$6,553
May 20209088016.921.81$3,120
Apr 202016997414.751.80$4,250
Mar 20201741,54230.341.86$8,141
Feb 202035426349.881.98$18,178
Jan 2020022457.252.09$469
Dec 2019017459.012.30$401
Nov 2019012555.302.75$344
Oct 2019015453.472.42$372
Sep 2019016355.052.66$433
Aug 201906653.112.30$152
Jul 201926522556.272.46$15,465
Jun 201905552.782.49$137
May 201928528158.482.74$17,437
Apr 20199670462.632.75$7,949
Mar 201909056.803.06$276
Feb 20190050.852.79$0
Jan 2019155046.033.23$7,135
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 2018134061.443.40$8,233
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 2018149060.183.08$8,967
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 2018122061.222.79$7,469
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 2017154057.272.92$8,820
Nov 20171055.423.12$55
Oct 201715425649.292.98$8,354
Sep 2017027447.523.09$846
Aug 201732028845.373.00$15,384
Jul 2017029543.873.09$911
Jun 2017029642.493.09$914
May 201733930345.373.26$16,369
Apr 2017048547.933.21$1,558
Mar 201715849246.772.98$8,858
Feb 201717344850.452.95$10,051
Jan 201717533549.413.42$9,792
Dec 2016026748.763.72$994
Nov 201633126942.492.64$14,776
Oct 2016027046.193.09$834
Sep 201616726741.553.10$7,767
Aug 201616331341.442.92$7,670
Jul 201615232641.622.92$7,280
Jun 201617137645.352.69$8,765
May 201635213342.521.99$15,232
Apr 201615330236.561.99$6,195
Mar 201633845833.011.79$11,979
Feb 20160026.472.06$0
Jan 2016175327.352.36$4,793
Dec 201506532.362.00$130
Nov 201532617838.792.17$13,031
Oct 201515818343.552.43$7,325
Sep 201531820342.992.76$14,231
Aug 201533225740.162.87$14,071
Jul 201516033248.152.95$8,682
Jun 2015030056.152.88$865
May 201515521055.212.96$9,178
Apr 201516323049.822.71$8,743
Mar 20151042.892.93$43
Feb 20150044.662.98$0
Jan 20151344643.433.10$5,962
Dec 201415720854.693.59$9,333
Nov 2014021870.464.25$927
Oct 201429715578.303.90$23,860
Sep 20141424986.164.05$12,433
Aug 2014021489.394.04$864
Jul 201416222296.564.18$16,571
Jun 201415924298.164.74$16,754
May 20141204494.734.73$11,576
Apr 2014261095.944.81$25,040
Mar 20140095.895.06$0
Feb 2014152097.406.19$14,805
Jan 201417517190.404.86$16,651
Dec 201317226391.824.35$16,938
Nov 201317726488.853.74$16,713
Oct 201316730197.423.78$17,407
Sep 2013157311104.113.72$17,501
Aug 2013170154104.253.52$18,265
Jul 2013171381102.523.72$18,947
Jun 201317539594.403.93$18,074
May 201317736594.834.15$18,299
Apr 201335633793.964.28$34,893
Mar 201318135193.623.91$18,319
Feb 201317123191.233.42$16,390
Jan 201317924691.603.42$17,238
Dec 201217934086.773.42$16,695
Nov 201235034786.953.62$31,690
Oct 201217837989.383.40$17,198
Sep 201234856694.672.92$34,597
Aug 201209592.662.91$276
Jul 201201285.133.02$36
Jun 20121645379.822.52$13,224
May 2012013491.612.49$333
Apr 201217291101.652.00$17,666
Mar 2012166166105.052.22$17,807
Feb 2012170140101.102.57$17,547
Jan 201216816398.092.73$16,925
Dec 201115015596.873.24$15,033
Nov 20110495.723.31$13
Oct 201133420484.983.65$29,128
Sep 201116022983.623.99$14,292
Aug 201117022383.404.15$15,103
Jul 201117217594.144.52$16,983
Jun 201117019392.904.64$16,689
May 201116721898.134.40$17,348
Apr 2011165205105.964.33$18,372
Mar 201117120296.364.06$17,297
Feb 201106085.644.18$251
Jan 201130815486.504.59$27,349
Dec 201015818785.734.35$14,358
Nov 201017922380.843.80$15,317
Oct 2010285078.103.51$22,259
Sep 201016519772.633.98$12,768
Aug 201016720273.684.42$13,197
Jul 201015724772.554.74$12,560
Jun 201016733670.364.91$13,400
May 2010021371.124.24$902
Apr 2010015081.694.12$618
Mar 201013725978.394.39$11,876
Feb 2010015373.585.44$833
Jan 2010019074.365.96$1,133
Dec 2009021471.445.48$1,174
Nov 2009029474.593.75$1,103
Oct 200933199372.544.11$28,092
Sep 200901,02765.543.06$3,148
Aug 20094441,21467.423.22$33,842
Jul 20091681,21861.133.46$14,490
Jun 20093391,10666.163.90$26,736
May 200917247054.743.93$11,260
Apr 20091481,08446.773.59$10,811
Mar 20094641,31342.144.06$24,882
Feb 20091481,14732.814.63$10,170
Jan 20091642,03435.865.37$16,806
Dec 20085022,91937.105.98$36,071
Nov 20081631,83655.496.86$21,640
Oct 20083412,00375.246.92$39,522
Sep 20085011,649101.767.88$63,971
Aug 20083431,995114.228.48$56,101
Jul 20085011,663131.0811.39$84,612
Jun 20083291,772131.3313.03$66,301
May 20086591,883123.1711.57$102,963
Apr 20084911,853110.3110.45$73,535
Mar 20084982,172101.909.66$71,737
Feb 20086651,86892.538.77$77,916
Jan 200866796590.388.21$68,202
Dec 20076731,59188.337.30$71,064
Nov 20078291,79091.677.29$89,047
Oct 20074871,06082.856.92$47,685
Sep 200750183175.846.24$43,185
Aug 20078191,36169.066.39$65,254
Jul 20071,1592,60570.906.39$98,814
Jun 20078401,83662.007.55$65,939
May 200733335458.747.85$22,338
Apr 200784795059.617.81$57,905
Mar 20071,5071,81156.927.30$99,002
Feb 20071,6941,69155.108.22$107,233
Jan 20073,2402,89550.306.73$182,446

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 2025 — as filed, then multipliedworked
Oil                   50 bbl  × $ 60.55 =     $3,028
Casinghead gas         0 Mcf  × $  3.23 =         $0

────────────────────────────────────────────────────
Month total                                   $3,028

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/38078 is the state's own key, not one this site invented.