HOTSHOT

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 38489District 08Field 58327200OilCasinghead gasSaveExport
Value, all time
$514 k
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
OilDisposition5,821 bbl$446,331
Casinghead gasProduction11,287 Mcf$68,005
Total$514,335

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 31.8430, -103.9266. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.84301, -103.92661 · 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
4,572 ft
2 wells filed one
Completion to plug
25.4 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 4,500 and 4,644 ft, median 4,572 ft, over the 2 wells that filed a depth.

Completions filed
Apr 1987 – Aug 2005
2 of 2 wells
Plug dates filed
Oct 2021 – Nov 2021
2 of 2 wells

Last completion to plug: a median of 25.4 years across the 2 wells that filed both dates, with the middle half between 20.8 years and 30.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-3893175914,500 ftAug 2005Oct 2021Yes
42-3893177824,644 ftApr 1987Nov 2021Yes

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 201986056.272.46$4,839
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 201886052.934.24$4,552
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 201887061.222.79$5,326
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 201785042.493.09$3,612
May 201787045.373.26$3,947
Apr 20170047.933.21$0
Mar 201788046.772.98$4,116
Feb 201789050.452.95$4,490
Jan 201789049.413.42$4,397
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 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 201590040.162.87$3,614
Jul 20150048.152.95$0
Jun 201590656.152.88$5,071
May 20150055.212.96$0
Apr 201589049.822.71$4,434
Mar 2015884642.892.93$3,909
Feb 201504344.662.98$128
Jan 2015904943.433.10$4,061
Dec 2014010354.693.59$370
Nov 2014454970.464.25$3,379
Oct 201405278.303.90$203
Sep 2014434786.164.05$3,895
Aug 201404989.394.04$198
Jul 2014885196.564.18$8,710
Jun 2014885098.164.74$8,875
May 201407794.734.73$364
Apr 2014905195.944.81$8,880
Mar 2014913595.895.06$8,903
Feb 201401497.406.19$87
Jan 2014913690.404.86$8,401
Dec 201304491.824.35$192
Nov 201307388.853.74$273
Oct 2013987497.423.78$9,827
Sep 2013052104.113.72$193
Aug 20138955104.253.52$9,472
Jul 20139064102.523.72$9,465
Jun 2013885594.403.93$8,524
May 201304994.834.15$203
Apr 201302993.964.28$124
Mar 2013195093.623.91$18,256
Feb 201303491.233.42$116
Jan 201302591.603.42$86
Dec 20120686.773.42$21
Nov 2012933986.953.62$8,228
Oct 2012854489.383.40$7,747
Sep 2012864094.672.92$8,258
Aug 201201492.662.91$41
Jul 2012100085.133.02$8,513
Jun 201292079.822.52$7,343
May 20120091.612.49$0
Apr 201205101.652.00$10
Mar 20128727105.052.22$9,199
Feb 2012037101.102.57$95
Jan 2012862098.092.73$8,490
Dec 20110096.873.24$0
Nov 201187095.723.31$8,328
Oct 20110084.983.65$0
Sep 201188183.623.99$7,363
Aug 20110783.404.15$29
Jul 2011815094.144.52$7,851
Jun 2011895692.904.64$8,528
May 201106998.134.40$304
Apr 20118380105.964.33$9,141
Mar 2011010596.364.06$426
Feb 201108085.644.18$334
Jan 20118511286.504.59$7,866
Dec 201007785.734.35$335
Nov 2010928280.843.80$7,749
Oct 2010836078.103.51$6,693
Sep 201008072.633.98$318
Aug 2010837673.684.42$6,451
Jul 20101217572.554.74$9,134
Jun 201004470.364.91$216
May 2010916871.124.24$6,760
Apr 201007181.694.12$293
Mar 2010865178.394.39$6,965
Feb 201003473.585.44$185
Jan 20108410574.365.96$6,872
Dec 20099214871.445.48$7,384
Nov 200904074.593.75$150
Oct 20098415672.544.11$6,735
Sep 2009019065.543.06$582
Aug 20098228267.423.22$6,436
Jul 20098233661.133.46$6,177
Jun 20098143966.163.90$7,069
May 20098443354.743.93$6,298
Apr 2009042446.773.59$1,521
Mar 20098038842.144.06$4,946
Feb 20099134932.814.63$4,603
Jan 20098530335.865.37$4,676
Dec 200812449837.105.98$7,577
Nov 20088444955.496.86$7,741
Oct 2008027175.246.92$1,876
Sep 200883343101.767.88$11,148
Aug 200881265114.228.48$11,500
Jul 200882370131.0811.39$14,963
Jun 20080237131.3313.03$3,089
May 20080420123.1711.57$4,861
Apr 200821200110.3110.45$4,407
Mar 200884418101.909.66$12,599
Feb 2008032992.538.77$2,886
Jan 20089120090.388.21$9,866
Dec 20078922388.337.30$9,490
Nov 20078934991.677.29$10,703
Oct 200721030082.856.92$19,475

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.

Jul 2019 — as filed, then multipliedworked
Oil                   86 bbl  × $ 56.27 =     $4,839
Casinghead gas         0 Mcf  × $  2.46 =         $0

────────────────────────────────────────────────────
Month total                                   $4,839

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/38489 is the state's own key, not one this site invented.