LOWE STATE

Operated by PRIEST PETROLEUM CORPORATION (P-5 677560) in the MATTHEWS (CANYON CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 38300District 08Field 58327200OilCasinghead gasSaveExport
Value, all time
$3.7 M
Dec 2006 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
234
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 38 leases and 66 wells, and the rule below applies to all of them.

Discovered
2007-09-11
as the register files it
Field class
Oil
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2007-09-11.

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
OilDisposition39,265 bbl$3,064,587
Casinghead gasProduction137,848 Mcf$624,433
Total$3,689,020

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 31.8650, -103.9135. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

31.86496, -103.91351 · 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
6,175 ft
2 wells filed one
Completion to plug
19.0 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 6,148 and 6,202 ft, median 6,175 ft, over the 2 wells that filed a depth.

Completions filed
Nov 2005
2 of 2 wells
Plug dates filed
Jun 2023 – Apr 2026
2 of 2 wells

Last completion to plug: a median of 19.0 years across the 2 wells that filed both dates, with the middle half between 18.3 years and 19.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-3893237046,202 ftNov 2005Jun 2023Yes
42-3893236936,148 ftNov 2005Apr 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 (234)

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

234 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 202078030.341.86$2,367
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 2019107053.112.30$5,683
Jul 20190056.272.46$0
Jun 201994052.782.49$4,961
May 2019102058.482.74$5,965
Apr 2019949062.632.75$6,135
Mar 2019019956.803.06$609
Feb 20192425850.852.79$1,941
Jan 20191798946.033.23$8,527
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 2018149059.543.11$8,871
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 2018266060.183.08$16,008
May 20180065.382.90$0
Apr 2018141063.842.90$9,001
Mar 20180061.222.79$0
Feb 2018150061.782.77$9,267
Jan 2018156062.874.01$9,808
Dec 20170057.272.92$0
Nov 2017142055.423.12$7,870
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 2017139045.373.00$6,306
Jul 20170043.873.09$0
Jun 201790042.493.09$3,824
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 2017142046.772.98$6,641
Feb 20170050.452.95$0
Jan 2017147049.413.42$7,263
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 2016142041.553.10$5,900
Aug 20160041.442.92$0
Jul 2016139041.622.92$5,785
Jun 20160045.352.69$0
May 2016139042.521.99$5,910
Apr 20160036.561.99$0
Mar 2016140033.011.79$4,621
Feb 20160026.472.06$0
Jan 2016141027.352.36$3,856
Dec 2015142032.362.00$4,595
Nov 2015037538.792.17$813
Oct 20152911,78243.552.43$16,997
Sep 20154501,93442.992.76$24,680
Aug 20152972,01740.162.87$17,721
Jul 20154671,78748.152.95$27,749
Jun 201544596556.152.88$27,769
May 20152912,12055.212.96$22,332
Apr 20157592,27049.822.71$43,957
Mar 20154662,13642.892.93$26,255
Feb 20156392,08544.662.98$34,743
Jan 20154882,92843.433.10$30,272
Dec 20146422,77954.693.59$45,091
Nov 20142942,06170.464.25$29,478
Oct 20144282,22078.303.90$42,173
Sep 20142862,42986.164.05$34,468
Aug 20147083,39889.394.04$76,999
Jul 20144383,68796.564.18$57,703
Jun 20143912,47598.164.74$50,104
May 20145423,45294.734.73$67,660
Apr 20145311,74295.944.81$59,322
Mar 20145852,93495.895.06$70,932
Feb 20145761,87297.406.19$67,694
Jan 20147312,11190.404.86$76,343
Dec 20136082,27091.824.35$65,711
Nov 20135641,82688.853.74$56,938
Oct 20135762,32097.423.78$64,882
Sep 20132461,532104.113.72$31,307
Aug 20136191,715104.253.52$70,572
Jul 20134321,592102.523.72$50,207
Jun 20134831,94994.403.93$53,261
May 20132741,78294.834.15$33,377
Apr 201342282293.964.28$43,171
Mar 201327196593.623.91$29,147
Feb 201321370391.233.42$21,836
Jan 201348381691.603.42$47,033
Dec 201224191286.773.42$24,031
Nov 201223598186.953.62$23,989
Oct 201251654389.383.40$47,966
Sep 20126701,31294.672.92$67,258
Aug 20128340092.662.91$8,854
Jul 201220654485.133.02$19,180
Jun 201215779179.822.52$14,524
May 201217873891.612.49$18,143
Apr 2012288899101.652.00$31,070
Mar 20121651,058105.052.22$19,684
Feb 20122631,054101.102.57$29,298
Jan 201226996898.092.73$29,033
Dec 201118796696.873.24$21,244
Nov 201127395895.723.31$29,304
Oct 201119184484.983.65$19,311
Sep 20112821,19783.623.99$28,352
Aug 20111861,12483.404.15$20,176
Jul 20113211,23194.144.52$35,780
Jun 201118394092.904.64$21,362
May 201123177198.134.40$26,064
Apr 2011225770105.964.33$27,178
Mar 201131984296.364.06$34,155
Feb 2011043785.644.18$1,827
Jan 2011236086.504.59$20,414
Dec 2010247085.734.35$21,175
Nov 2010271080.843.80$21,908
Oct 20102401,06878.103.51$22,491
Sep 20102601,37672.633.98$24,360
Aug 20102621,39073.684.42$25,447
Jul 20102601,58972.554.74$26,389
Jun 20102481,59570.364.91$25,281
May 20103261,67171.124.24$30,262
Apr 20102691,81581.694.12$29,457
Mar 20102711,57178.394.39$28,138
Feb 20102691,54373.585.44$28,191
Jan 20103221,65374.365.96$33,803
Dec 20093381,44071.445.48$32,043
Nov 20092451,47974.593.75$23,823
Oct 20093321,76072.544.11$31,317
Sep 20093921,36765.543.06$29,881
Aug 20094191,29467.423.22$32,414
Jul 20094121,29261.133.46$29,662
Jun 20094181,06366.163.90$31,795
May 200941668054.743.93$25,441
Apr 200925244346.773.59$13,375
Mar 200920959242.144.06$11,210
Feb 200925147832.814.63$10,450
Jan 200916340835.865.37$8,037
Dec 200812016337.105.98$5,426
Nov 200827562055.496.86$19,513
Oct 20084151,12175.246.92$38,984
Sep 2008342856101.767.88$41,545
Aug 20084151,057114.228.48$56,368
Jul 20084011,129131.0811.39$65,422
Jun 20084021,019131.3313.03$66,075
May 20083931,114123.1711.57$61,300
Apr 20085161,110110.3110.45$68,525
Mar 20084151,079101.909.66$52,716
Feb 20083851,00492.538.77$44,430
Jan 200828886990.388.21$33,160
Dec 200719660588.337.30$21,730
Nov 200719360091.677.29$22,067
Oct 200717270382.856.92$19,116
Sep 200717152475.846.24$16,241
Aug 20079734669.066.39$8,909
Jul 200719760970.906.39$17,858
Jun 200719062462.007.55$16,490
May 200724471158.747.85$19,911
Apr 200726971159.617.81$21,585
Mar 200730372456.927.30$22,533
Feb 200726861155.108.22$19,787
Jan 200728393750.306.73$20,538
Dec 200633966856.656.92$23,826

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.

Mar 2020 — as filed, then multipliedworked
Oil                   78 bbl  × $ 30.34 =     $2,367
Casinghead gas         0 Mcf  × $  1.86 =         $0

────────────────────────────────────────────────────
Month total                                   $2,367

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/38300 is the state's own key, not one this site invented.