FERGUSON BROTHERS "34"

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 38421District 08Field 55279500Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$426 k
Jul 2007 – Jun 2020
Value, last 12 filed months
$5 k
at the published price for each month
Months reported
156
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 46 leases and 237 wells, and the rule below applies to all of them.

Discovered
1985-05-27
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1991-10-01.

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: SPRABERRY (TREND AREA) FIELD EFFECTIVE 10/1/2019.

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
OilDisposition3,773 bbl$316,478
Casinghead gasProduction24,543 Mcf$109,195
Total$425,672

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 31.5755, -101.1357. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.57556, -101.13566 · 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
50.0%
1 of 2 wells
Median depth
7,800 ft
2 wells filed one
Completion to plug
3.6 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
2100.0%
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.
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 7,800 and 7,800 ft, median 7,800 ft, over the 2 wells that filed a depth.

Completions filed
Jul 2007 – Sep 2009
2 of 2 wells
Plug dates filed
Apr 2013
1 of 2 wells; 1 filed none

Last completion to plug: a median of 3.6 years across the 1 well that filed both dates, with the middle half between 3.6 years and 3.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-43132575157,800 ftSep 2009Apr 2013Yes
42-4313194027,800 ftJul 2007Yes

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 (156)

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

156 months

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 201998055.052.66$5,395
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 20182065.142.93$130
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 20172057.272.92$115
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 20178245.373.26$369
Apr 201708647.933.21$276
Mar 2017129446.772.98$842
Feb 201708950.452.95$263
Jan 2017010449.413.42$356
Dec 201609848.763.72$365
Nov 201609342.492.64$246
Oct 201609046.193.09$278
Sep 201607841.553.10$242
Aug 2016011141.442.92$325
Jul 2016010741.622.92$313
Jun 2016909745.352.69$4,342
May 201607142.521.99$141
Apr 201608536.561.99$169
Mar 201608833.011.79$158
Feb 2016010926.472.06$225
Jan 2016012427.352.36$293
Dec 2015012632.362.00$252
Nov 2015939738.792.17$3,818
Oct 2015011443.552.43$277
Sep 2015012942.992.76$356
Aug 2015012140.162.87$348
Jul 2015012748.152.95$374
Jun 2015012856.152.88$369
May 2015016355.212.96$482
Apr 2015012249.822.71$330
Mar 2015011942.892.93$349
Feb 2015679344.662.98$3,269
Jan 2015010943.433.10$338
Dec 2014011054.693.59$395
Nov 2014014470.464.25$612
Oct 2014013878.303.90$538
Sep 2014013086.164.05$526
Aug 2014014389.394.04$577
Jul 2014014496.564.18$602
Jun 2014014898.164.74$701
May 20145613194.734.73$5,924
Apr 2014012795.944.81$611
Mar 2014015695.895.06$789
Feb 2014015297.406.19$941
Jan 20145615590.404.86$5,816
Dec 2013016291.824.35$705
Nov 20135213888.853.74$5,136
Oct 2013015797.423.78$593
Sep 20130104104.113.72$387
Aug 2013089104.253.52$314
Jul 20130119102.523.72$442
Jun 2013016594.403.93$649
May 20134415294.834.15$4,803
Apr 2013013993.964.28$595
Mar 2013017393.623.91$677
Feb 20133413591.233.42$3,564
Jan 20130691.603.42$21
Dec 201201786.773.42$58
Nov 20124520986.953.62$4,670
Oct 2012022189.383.40$751
Sep 20126418194.672.92$6,587
Aug 2012016292.662.91$471
Jul 20129719885.133.02$8,856
Jun 2012020379.822.52$511
May 201214315691.612.49$13,488
Apr 20120191101.652.00$381
Mar 20120647105.052.22$1,438
Feb 2012177776101.102.57$19,889
Jan 2012082198.092.73$2,245
Dec 201115782996.873.24$17,894
Nov 2011099895.723.31$3,305
Oct 201101,22884.983.65$4,480
Sep 2011064283.623.99$2,559
Aug 2011033983.404.15$1,407
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 201104098.134.40$176
Apr 20110220105.964.33$953
Mar 2011022796.364.06$921
Feb 2011013185.644.18$548
Jan 201114722486.504.59$13,743
Dec 2010024085.734.35$1,043
Nov 2010033280.843.80$1,260
Oct 201009278.103.51$323
Sep 2010011472.633.98$454
Aug 201011817073.684.42$9,446
Jul 2010024672.554.74$1,165
Jun 2010020470.364.91$1,002
May 20108919571.124.24$7,156
Apr 20107015881.694.12$6,370
Mar 2010020178.394.39$882
Feb 2010026273.585.44$1,426
Jan 2010038174.365.96$2,272
Dec 2009037271.445.48$2,040
Nov 2009033474.593.75$1,253
Oct 20097235872.544.11$6,694
Sep 2009037065.543.06$1,134
Aug 2009034567.423.22$1,110
Jul 2009023861.133.46$825
Jun 200910420466.163.90$7,675
May 2009018454.743.93$722
Apr 2009022046.773.59$789
Mar 200913428242.144.06$6,791
Feb 200908832.814.63$408
Jan 200908035.865.37$430
Dec 200816710137.105.98$6,799
Nov 200807655.496.86$521
Oct 200818113075.246.92$14,518
Sep 20080234101.767.88$1,843
Aug 20080238114.228.48$2,019
Jul 2008180238131.0811.39$26,305
Jun 20080340131.3313.03$4,431
May 2008156324123.1711.57$22,965
Apr 2008160166110.3110.45$19,385
Mar 2008029101.909.66$280
Feb 200817416792.538.77$17,565
Jan 2008036790.388.21$3,012
Dec 200736263788.337.30$36,627
Nov 200733993891.677.29$37,916
Oct 2007233782.856.92$2,162
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$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                   98 bbl  × $ 55.05 =     $5,395
Casinghead gas         0 Mcf  × $  2.66 =         $0

────────────────────────────────────────────────────
Month total                                   $5,395

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/38421 is the state's own key, not one this site invented.