GUITAR TRUST ESTATE

Operated by FREE REIN OPERATING LLC (P-5 285002) in the MOORE field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 38418District 08Field 62711001Hydrogen sulphide fieldOilSaveExport
Value, all time
$994 k
Sep 2007 – May 2026
Value, last 12 filed months
$18 k
at the published price for each month
Months reported
225
no gaps in the span
Streams
1
oil

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 287 leases and 1,144 wells, and the rule below applies to all of them.

Discovered
1937-12-31
as the register files it
Field class
Oil
the register's own label
Between wells
933 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres.

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.

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
OilDisposition13,308 bbl$994,421
Total$994,421

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 32.2319, -101.5757. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.23189, -101.57568 · 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
0.0%
0 of 2 wells
With a plug date
0.0%
0 of 2 wells
Median depth
3,349 ft
2 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
2100.0%

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 3,300 and 3,397 ft, median 3,349 ft, over the 2 wells that filed a depth.

Completions filed
Jun 2007 – Jul 2007
2 of 2 wells

2 wells

42-227360602G3,300 ftJul 2007
42-227360591G3,397 ftJun 2007

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 (225)

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

225 months

May 20260106.413.05$0
Apr 2026098.932.87$0
Mar 202610089.753.15$8,975
Feb 2026063.503.75$0
Jan 2026059.138.00$0
Dec 2025056.664.41$0
Nov 2025058.593.93$0
Oct 2025059.383.30$0
Sep 202514862.743.08$9,286
Aug 2025063.933.01$0
Jul 2025066.743.32$0
Jun 2025066.483.13$0
May 2025060.553.23$0
Apr 202511962.363.54$7,421
Mar 2025067.704.27$0
Feb 2025070.884.34$0
Jan 202515574.324.28$11,520
Dec 2024068.993.12$0
Nov 2024069.052.20$0
Oct 20247071.372.28$4,996
Sep 2024069.612.36$0
Aug 2024075.632.06$0
Jul 2024079.932.15$0
Jun 2024078.082.63$0
May 2024078.812.20$0
Apr 2024084.451.66$0
Mar 2024080.301.55$0
Feb 2024076.091.78$0
Jan 202415373.023.30$11,172
Dec 2023071.262.61$0
Nov 2023077.892.81$0
Oct 2023085.443.09$0
Sep 2023089.042.74$0
Aug 2023080.522.67$0
Jul 202315474.852.64$11,527
Jun 2023068.962.26$0
May 2023070.622.23$0
Apr 2023078.122.24$0
Mar 2023072.852.39$0
Feb 2023075.112.47$0
Jan 2023076.533.39$0
Dec 202216476.415.73$12,531
Nov 2022085.005.65$0
Oct 2022087.185.86$0
Sep 2022084.888.16$0
Aug 2022094.529.13$0
Jul 20220101.587.54$0
Jun 2022157115.097.98$18,069
May 20220109.378.43$0
Apr 20220104.226.84$0
Mar 20220108.885.08$0
Feb 202215491.054.86$14,022
Jan 2022081.844.54$0
Dec 2021071.323.90$0
Nov 2021077.435.24$0
Oct 2021079.795.71$0
Sep 202115669.865.35$10,898
Aug 2021066.024.22$0
Jul 2021070.783.98$0
Jun 2021069.493.38$0
May 2021063.483.02$0
Apr 202115460.362.76$9,295
Mar 2021061.302.72$0
Feb 2021057.805.55$0
Jan 2021050.412.81$0
Dec 202015544.642.68$6,919
Nov 2020038.772.71$0
Oct 2020036.972.48$0
Sep 2020537.091.99$185
Aug 2020039.982.39$0
Jul 202015238.371.83$5,832
Jun 2020034.901.69$0
May 2020016.921.81$0
Apr 2020014.751.80$0
Mar 202015230.341.86$4,612
Feb 2020049.881.98$0
Jan 2020057.252.09$0
Dec 2019059.012.30$0
Nov 201915955.302.75$8,793
Oct 2019053.472.42$0
Sep 2019055.052.66$0
Aug 2019053.112.30$0
Jul 201915556.272.46$8,722
Jun 2019052.782.49$0
May 2019058.482.74$0
Apr 2019062.632.75$0
Mar 2019056.803.06$0
Feb 2019050.852.79$0
Jan 201915646.033.23$7,181
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 2018061.443.40$0
Sep 2018059.543.11$0
Aug 201815959.403.07$9,445
Jul 2018065.142.93$0
Jun 2018060.183.08$0
May 2018065.382.90$0
Apr 2018063.842.90$0
Mar 201817161.222.79$10,469
Feb 2018061.782.77$0
Jan 2018062.874.01$0
Dec 2017057.272.92$0
Nov 2017055.423.12$0
Oct 201715549.292.98$7,640
Sep 2017047.523.09$0
Aug 2017045.373.00$0
Jul 2017043.873.09$0
Jun 201716542.493.09$7,011
May 2017045.373.26$0
Apr 2017047.933.21$0
Mar 2017046.772.98$0
Feb 201715550.452.95$7,820
Jan 2017049.413.42$0
Dec 2016048.763.72$0
Nov 201615342.492.64$6,501
Oct 2016046.193.09$0
Sep 2016041.553.10$0
Aug 2016041.442.92$0
Jul 201615041.622.92$6,243
Jun 2016045.352.69$0
May 2016042.521.99$0
Apr 201615036.561.99$5,484
Mar 2016033.011.79$0
Feb 2016026.472.06$0
Jan 201615627.352.36$4,267
Dec 2015032.362.00$0
Nov 2015038.792.17$0
Oct 201515243.552.43$6,620
Sep 2015042.992.76$0
Aug 2015040.162.87$0
Jul 2015048.152.95$0
Jun 201514956.152.88$8,366
May 2015055.212.96$0
Apr 2015049.822.71$0
Mar 201518042.892.93$7,720
Feb 2015044.662.98$0
Jan 2015043.433.10$0
Dec 201417354.693.59$9,461
Nov 2014070.464.25$0
Oct 2014078.303.90$0
Sep 201417386.164.05$14,906
Aug 2014089.394.04$0
Jul 2014096.564.18$0
Jun 201415898.164.74$15,509
May 2014094.734.73$0
Apr 2014095.944.81$0
Mar 201415595.895.06$14,863
Feb 2014097.406.19$0
Jan 2014090.404.86$0
Dec 201315791.824.35$14,416
Nov 2013088.853.74$0
Oct 2013097.423.78$0
Sep 2013154104.113.72$16,033
Aug 20130104.253.52$0
Jul 2013156102.523.72$15,993
Jun 2013094.403.93$0
May 2013094.834.15$0
Apr 201316793.964.28$15,691
Mar 2013093.623.91$0
Feb 2013091.233.42$0
Jan 201316791.603.42$15,297
Dec 2012086.773.42$0
Nov 201215286.953.62$13,216
Oct 2012089.383.40$0
Sep 2012094.672.92$0
Aug 2012092.662.91$0
Jul 201215285.133.02$12,940
Jun 2012079.822.52$0
May 201216091.612.49$14,658
Apr 20120101.652.00$0
Mar 20120105.052.22$0
Feb 2012161101.102.57$16,277
Jan 2012098.092.73$0
Dec 2011096.873.24$0
Nov 201117595.723.31$16,751
Oct 2011084.983.65$0
Sep 201115083.623.99$12,543
Aug 2011083.404.15$0
Jul 2011094.144.52$0
Jun 201115092.904.64$13,935
May 2011098.134.40$0
Apr 2011156105.964.33$16,530
Mar 2011096.364.06$0
Feb 201115485.644.18$13,189
Jan 2011086.504.59$0
Dec 201015585.734.35$13,288
Nov 2010080.843.80$0
Oct 201015478.103.51$12,027
Sep 2010172.633.98$73
Aug 201014773.684.42$10,831
Jul 2010072.554.74$0
Jun 201014870.364.91$10,413
May 201015671.124.24$11,095
Apr 2010081.694.12$0
Mar 201015278.394.39$11,915
Feb 2010073.585.44$0
Jan 201015974.365.96$11,823
Dec 200915971.445.48$11,359
Nov 2009074.593.75$0
Oct 200916272.544.11$11,751
Sep 2009065.543.06$0
Aug 200915667.423.22$10,518
Jul 200915161.133.46$9,231
Jun 200915066.163.90$9,924
May 2009054.743.93$0
Apr 200915346.773.59$7,156
Mar 200915842.144.06$6,658
Feb 200915932.814.63$5,217
Jan 200931835.865.37$11,403
Dec 2008037.105.98$0
Nov 2008055.496.86$0
Oct 200815775.246.92$11,813
Sep 2008158101.767.88$16,078
Aug 20080114.228.48$0
Jul 2008156131.0811.39$20,448
Jun 2008158131.3313.03$20,750
May 2008158123.1711.57$19,461
Apr 2008154110.3110.45$16,988
Mar 2008156101.909.66$15,896
Feb 200831692.538.77$29,239
Jan 200815590.388.21$14,009
Dec 200746888.337.30$41,338
Nov 200730691.677.29$28,051
Oct 200732182.856.92$26,595
Sep 200762475.846.24$47,324

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 2026 — as filed, then multipliedworked
Oil                  100 bbl  × $ 89.75 =     $8,975

────────────────────────────────────────────────────
Month total                                   $8,975

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/38418 is the state's own key, not one this site invented.