LOVING -AS- FEE

Operated by WAGNER OIL COMPANY (P-5 891175) in the DIMMITT (DELAWARE CONS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 38247District 08Field 24853600Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$2.1 M
Jul 2007 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
227
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 109 leases and 325 wells, and the rule below applies to all of them.

Discovered
2007-03-29
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 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 2007-07-01.

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: 9/11/2012.

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
OilDisposition21,274 bbl$1,742,468
Casinghead gasProduction82,458 Mcf$372,786
Total$2,115,254

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 31.8306, -103.5153. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.83060, -103.51535 · 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%
2 of 2 wells
With a plug date
100.0%
2 of 2 wells
Median depth
6,580 ft
2 wells filed one
Completion to plug
27.6 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
2100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
2100.0%
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

Between 6,550 and 6,610 ft, median 6,580 ft, over the 2 wells that filed a depth.

Completions filed
Jun 1988 – Jul 1989
2 of 2 wells
Plug dates filed
Jul 2016 – Aug 2016
2 of 2 wells

Last completion to plug: a median of 27.6 years across the 2 wells that filed both dates, with the middle half between 27.3 years and 27.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-3013034316,550 ftJul 1989Jul 2016Yes
42-3013047626,610 ftJun 1988Aug 2016Yes

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 (227)

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

227 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 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
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 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
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 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 2016175036.561.99$6,398
Mar 2016042033.011.79$753
Feb 201617441826.472.06$5,468
Jan 201634245127.352.36$10,420
Dec 2015044632.362.00$893
Nov 201518139738.792.17$7,881
Oct 2015040143.552.43$973
Sep 201516829942.992.76$8,047
Aug 2015054240.162.87$1,557
Jul 20151605848.152.95$7,875
Jun 201517548856.152.88$11,233
May 201518255855.212.96$11,697
Apr 201517445149.822.71$9,889
Mar 201518948142.892.93$9,518
Feb 2015020844.662.98$619
Jan 201536837543.433.10$17,145
Dec 2014040654.693.59$1,458
Nov 20141697770.464.25$12,235
Oct 201415434378.303.90$13,396
Sep 201415065386.164.05$15,566
Aug 20141471,05089.394.04$17,377
Jul 20143021,11896.564.18$33,834
Jun 20142981,06898.164.74$34,311
May 20141361,00094.734.73$17,610
Apr 20143011,05295.944.81$33,937
Mar 20141461,02995.895.06$19,203
Feb 201413583897.406.19$18,338
Jan 201414967290.404.86$16,736
Dec 201330658791.824.35$30,653
Nov 20131471,15288.853.74$17,367
Oct 201326066097.423.78$27,824
Sep 20130636104.113.72$2,364
Aug 2013279631104.253.52$31,309
Jul 2013322562102.523.72$35,101
Jun 201315783694.403.93$18,109
May 201318574994.834.15$20,651
Apr 201314262993.964.28$16,036
Mar 20138285993.623.91$11,038
Feb 201313764591.233.42$14,704
Jan 201314945691.603.42$15,208
Dec 201215257486.773.42$15,152
Nov 201216259286.953.62$16,232
Oct 201215385489.383.40$16,578
Sep 20121661,06594.672.92$18,823
Aug 201233994492.662.91$34,157
Jul 201216394185.133.02$16,719
Jun 201233486879.822.52$28,846
May 201211182691.612.49$12,224
Apr 2012161842101.652.00$18,047
Mar 2012323994105.052.22$36,140
Feb 2012161900101.102.57$18,590
Jan 201235692998.092.73$37,460
Dec 201101,04096.873.24$3,369
Nov 201131898895.723.31$33,711
Oct 20111411,06784.983.65$15,875
Sep 201127093383.623.99$26,296
Aug 201121094583.404.15$21,435
Jul 20111981,07994.144.52$23,514
Jun 20119199992.904.64$13,089
May 20111951,03898.134.40$23,708
Apr 2011302998105.964.33$36,325
Mar 20112301,12796.364.06$26,735
Feb 201121,01885.644.18$4,427
Jan 201135887386.504.59$34,973
Dec 201024590885.734.35$24,952
Nov 201023893680.843.80$22,792
Oct 20102301,07878.103.51$21,746
Sep 20102141,20872.633.98$20,350
Aug 201019359773.684.42$16,859
Jul 201021267472.554.74$18,573
Jun 201013272270.364.91$12,833
May 201028495771.124.24$24,251
Apr 201029992181.694.12$28,222
Mar 20104901,23478.394.39$43,827
Feb 20101611,16373.585.44$18,176
Jan 201028157574.365.96$24,325
Dec 200935979271.445.48$29,990
Nov 20092231,29374.593.75$21,484
Oct 2009991,29772.544.11$12,512
Sep 20091111,05765.543.06$10,514
Aug 200914843567.423.22$11,378
Jul 20091201,17661.133.46$11,410
Jun 20093511,35066.163.90$28,480
May 20092831,43854.743.93$21,137
Apr 20093071,09746.773.59$18,294
Mar 2009073642.144.06$2,987
Feb 200930488332.814.63$14,065
Jan 200914423935.865.37$6,448
Dec 200814315837.105.98$6,250
Nov 200828213855.496.86$16,595
Oct 200829028175.246.92$23,765
Sep 2008301491101.767.88$34,497
Aug 200845531114.228.48$52,233
Jul 200830476131.0811.39$40,714
Jun 2008306210131.3313.03$42,924
May 2008279586123.1711.57$41,147
Apr 20082671,003110.3110.45$39,939
Mar 20081411,338101.909.66$27,298
Feb 20082871,11192.538.77$36,300
Jan 20081431,30390.388.21$23,616
Dec 20072921,35288.337.30$35,665
Nov 20072961,37391.677.29$37,146
Oct 20072871,41382.856.92$33,559
Sep 200701,27175.846.24$7,936
Aug 2007074669.066.39$4,765
Jul 200733667670.906.39$28,141

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.

Apr 2016 — as filed, then multipliedworked
Oil                  175 bbl  × $ 36.56 =     $6,398
Casinghead gas         0 Mcf  × $  1.99 =         $0

────────────────────────────────────────────────────
Month total                                   $6,398

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/38247 is the state's own key, not one this site invented.