LONG SHOT "A"

Operated by MADISON AND WRIGHT LLC (P-5 521182) 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 38488District 08Field 58327200OilCasinghead gasSaveExport
Value, all time
$2.5 M
Oct 2007 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
224
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
OilDisposition25,545 bbl$2,121,253
Casinghead gasProduction71,532 Mcf$376,352
Total$2,497,604

Wells on this lease (3)

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 31.8564, -103.9162. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

31.85675, -103.91613 · 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%
3 of 3 wells
With a plug date
100.0%
3 of 3 wells
Median depth
4,527 ft
3 wells filed one
Completion to plug
28.2 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
3100.0%
A plug date is filed
3100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
3100.0%
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 3,630 and 4,780 ft, median 4,527 ft, over the 3 wells that filed a depth.

Completions filed
Mar 1987 – Apr 2001
2 of 3 wells; 1 filed none
Plug dates filed
Apr 2022 – May 2022
3 of 3 wells

Last completion to plug: a median of 28.2 years across the 2 wells that filed both dates, with the middle half between 24.6 years and 31.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-3893172424,527 ftApr 2022Yes
42-3893220534,780 ftApr 2001May 2022Yes
42-389317481D3,630 ftMar 1987May 2022Yes

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 (224)

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

224 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 2018185061.782.77$11,429
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 2016154046.193.09$7,113
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 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 2015193040.162.87$7,751
Jul 20150048.152.95$0
Jun 20151944556.152.88$11,023
May 20151944755.212.96$10,850
Apr 2015196049.822.71$9,765
Mar 201536147442.892.93$16,874
Feb 201519152644.662.98$10,096
Jan 2015047343.433.10$1,467
Dec 2014061854.693.59$2,219
Nov 201420326970.464.25$15,447
Oct 2014032978.303.90$1,283
Sep 2014050886.164.05$2,055
Aug 201418157889.394.04$18,512
Jul 201420159896.564.18$21,908
Jun 201439256898.164.74$41,169
May 20142460994.734.73$5,152
Apr 2014057895.944.81$2,780
Mar 201418869895.895.06$21,557
Feb 201419858797.406.19$22,920
Jan 201418261990.404.86$19,462
Dec 201320062091.824.35$21,064
Nov 201319862788.853.74$19,936
Oct 201318569997.423.78$20,664
Sep 2013176535104.113.72$20,312
Aug 2013202536104.253.52$22,947
Jul 20130445102.523.72$1,654
Jun 201336948194.403.93$36,726
May 2013053294.834.15$2,207
Apr 201340143393.964.28$39,532
Mar 2013205093.623.91$19,192
Feb 201320456791.233.42$20,550
Jan 2013065391.603.42$2,233
Dec 2012068186.773.42$2,329
Nov 201218754786.953.62$18,243
Oct 201235277289.383.40$34,086
Sep 2012168994.672.92$2,105
Aug 201216145692.662.91$16,244
Jul 201234960285.133.02$31,529
Jun 201238554979.822.52$32,114
May 2012051091.612.49$1,269
Apr 2012195470101.652.00$20,760
Mar 2012165557105.052.22$18,571
Feb 2012336668101.102.57$35,687
Jan 201234466298.092.73$35,553
Dec 201117663596.873.24$19,106
Nov 201117363595.723.31$18,662
Oct 201115672684.983.65$15,906
Sep 201149176683.623.99$44,111
Aug 201116969783.404.15$16,987
Jul 201118585794.144.52$21,287
Jun 201131287192.904.64$33,026
May 20115141,13498.134.40$55,434
Apr 2011341916105.964.33$40,102
Mar 20113471,07696.364.06$37,803
Feb 2011085785.644.18$3,582
Jan 20113421,23286.504.59$35,236
Dec 20103591,04185.734.35$35,303
Nov 201034278680.843.80$30,630
Oct 201034456678.103.51$28,852
Sep 201033971172.633.98$27,451
Aug 201033587973.684.42$28,567
Jul 201033291372.554.74$28,411
Jun 201047769470.364.91$36,970
May 201032958371.124.24$25,868
Apr 201033975281.694.12$30,793
Mar 201033695678.394.39$30,535
Feb 201050278673.585.44$41,215
Jan 20103411,08474.365.96$31,822
Dec 20093521,12571.445.48$31,316
Nov 200917598174.593.75$16,733
Oct 200916384672.544.11$15,301
Sep 200916170165.543.06$12,700
Aug 200916480367.423.22$13,641
Jul 2009057061.133.46$1,975
Jun 200951594266.163.90$37,741
May 200916383354.743.93$12,193
Apr 200916583746.773.59$10,720
Mar 200948095842.144.06$24,116
Feb 20093311,10332.814.63$15,970
Jan 200949594635.865.37$22,832
Dec 20083301,08737.105.98$18,740
Nov 200816579355.496.86$14,596
Oct 20084911,28275.246.92$45,817
Sep 20084911,259101.767.88$59,881
Aug 20084771,180114.228.48$64,493
Jul 20084841,268131.0811.39$77,885
Jun 2008159860131.3313.03$32,090
May 20084871,230123.1711.57$74,220
Apr 20084731,413110.3110.45$66,949
Mar 20083301,268101.909.66$45,881
Feb 20083251,18292.538.77$40,439
Jan 20086691,51590.388.21$72,896
Dec 20075101,16188.337.30$53,526
Nov 20075451,89691.677.29$63,785
Oct 20071,0121,92582.856.92$97,169

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.

Feb 2018 — as filed, then multipliedworked
Oil                  185 bbl  × $ 61.78 =    $11,429
Casinghead gas         0 Mcf  × $  2.77 =         $0

────────────────────────────────────────────────────
Month total                                  $11,429

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/38488 is the state's own key, not one this site invented.