BUCKSHOT

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 38491District 08Field 58327200OilCasinghead gasSaveExport
Value, all time
$669 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
OilDisposition7,326 bbl$622,325
Casinghead gasProduction7,083 Mcf$46,497
Total$668,823

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 31.8420, -103.9232. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

31.84197, -103.92315 · 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
4,657 ft
2 wells filed one
Completion to plug
13.7 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 4,508 and 4,805 ft, median 4,657 ft, over the 2 wells that filed a depth.

Completions filed
Aug 2005 – Dec 2005
2 of 2 wells
Plug dates filed
May 2017 – Jun 2021
2 of 2 wells

Last completion to plug: a median of 13.7 years across the 2 wells that filed both dates, with the middle half between 12.7 years and 14.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-3893226124,805 ftDec 2005Jun 2021Yes
42-3893177214,508 ftAug 2005May 2017Yes

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 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 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 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 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 2014186086.164.05$16,026
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20135191.824.35$463
Nov 20130088.853.74$0
Oct 2013196097.423.78$19,094
Sep 201300104.113.72$0
Aug 20131980104.253.52$20,642
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 2013197091.233.42$17,972
Jan 20130591.603.42$17
Dec 201201586.773.42$51
Nov 20121963986.953.62$17,184
Oct 201204989.383.40$167
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 2012195085.133.02$16,600
Jun 20120079.822.52$0
May 20120191.612.49$2
Apr 20122031101.652.00$20,637
Mar 201201105.052.22$2
Feb 201202101.102.57$5
Jan 20121811798.092.73$17,801
Dec 201104696.873.24$149
Nov 201117012295.723.31$16,676
Oct 201109484.983.65$343
Sep 20111638983.623.99$13,985
Aug 20111894483.404.15$15,945
Jul 201106394.144.52$285
Jun 20110192.904.64$5
May 20113492698.134.40$34,362
Apr 2011024105.964.33$104
Mar 201103696.364.06$146
Feb 201101085.644.18$42
Jan 20110086.504.59$0
Dec 20101634585.734.35$14,170
Nov 201004380.843.80$163
Oct 20101783778.103.51$14,032
Sep 201003772.633.98$147
Aug 20101837973.684.42$13,833
Jul 201007472.554.74$351
Jun 20101654870.364.91$11,845
May 201006571.124.24$275
Apr 201016510181.694.12$13,895
Mar 201009378.394.39$408
Feb 201016611573.585.44$12,840
Jan 2010016274.365.96$966
Dec 200916814371.445.48$12,786
Nov 2009014774.593.75$551
Oct 2009012172.544.11$497
Sep 200916819265.543.06$11,599
Aug 2009014367.423.22$460
Jul 200916614361.133.46$10,643
Jun 200916416266.163.90$11,481
May 200916212254.743.93$9,347
Apr 2009014546.773.59$520
Mar 200916717342.144.06$7,740
Feb 200908332.814.63$385
Jan 200916814335.865.37$6,793
Dec 200816616237.105.98$7,127
Nov 200817216155.496.86$10,649
Oct 200816818075.246.92$13,886
Sep 2008080101.767.88$630
Aug 2008163145114.228.48$19,848
Jul 2008164185131.0811.39$23,604
Jun 2008160217131.3313.03$23,841
May 2008162245123.1711.57$22,789
Apr 2008160335110.3110.45$21,152
Mar 2008166283101.909.66$19,650
Feb 200817830892.538.77$19,172
Jan 200816727390.388.21$17,334
Dec 200716743588.337.30$17,927
Nov 200716642091.677.29$18,280
Oct 200755635282.856.92$48,501

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 2014 — as filed, then multipliedworked
Oil                  186 bbl  × $ 86.16 =    $16,026
Casinghead gas         0 Mcf  × $  4.05 =         $0

────────────────────────────────────────────────────
Month total                                  $16,026

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/38491 is the state's own key, not one this site invented.