LASELL STATE

Operated by PRIEST PETROLEUM CORPORATION (P-5 677560) 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 38503District 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
OilDisposition27,638 bbl$2,196,318
Casinghead gasProduction51,783 Mcf$255,755
Total$2,452,072

Wells on this lease (1)

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 31.8626, -103.9184. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.86257, -103.91844 · 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 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
4,800 ft
1 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.
1100.0%

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

The one well that filed a depth was drilled to 4,800 ft.

Completions filed
Jan 2001
1 of 1 wells

1 well

42-3893219614,800 ftJan 2001

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 2019136056.272.46$7,653
Jun 20190052.782.49$0
May 2019119058.482.74$6,959
Apr 20191475762.632.75$9,363
Mar 2019012656.803.06$386
Feb 201914718850.852.79$8,000
Jan 201907646.033.23$245
Dec 20180046.594.19$0
Nov 2018366052.934.24$19,372
Oct 20180061.443.40$0
Sep 2018175059.543.11$10,420
Aug 201883059.403.07$4,930
Jul 2018136065.142.93$8,859
Jun 20180060.183.08$0
May 201884065.382.90$5,492
Apr 201883063.842.90$5,299
Mar 201883061.222.79$5,081
Feb 201888061.782.77$5,437
Jan 201883062.874.01$5,218
Dec 201749057.272.92$2,806
Nov 2017249055.423.12$13,800
Oct 201782049.292.98$4,042
Sep 201784047.523.09$3,992
Aug 20170045.373.00$0
Jul 2017226043.873.09$9,915
Jun 2017166042.493.09$7,053
May 2017239045.373.26$10,843
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 201705449.413.42$185
Dec 2016827448.763.72$4,274
Nov 201606242.492.64$164
Oct 20160846.193.09$25
Sep 201685041.553.10$3,532
Aug 201679041.442.92$3,274
Jul 201679041.622.92$3,288
Jun 20160045.352.69$0
May 201684042.521.99$3,572
Apr 201684036.561.99$3,071
Mar 20160033.011.79$0
Feb 201679026.472.06$2,091
Jan 201679027.352.36$2,161
Dec 20150032.362.00$0
Nov 20151763938.792.17$6,912
Oct 20158010043.552.43$3,727
Sep 2015469542.992.76$2,240
Aug 2015445940.162.87$1,937
Jul 20150448.152.95$12
Jun 20157220656.152.88$4,637
May 20158319655.212.96$5,162
Apr 201514041349.822.71$8,093
Mar 20151411542.892.93$938
Feb 201504544.662.98$134
Jan 20150043.433.10$0
Dec 2014013254.693.59$474
Nov 20140070.464.25$0
Oct 201414529778.303.90$12,512
Sep 201415445686.164.05$15,113
Aug 201428648889.394.04$27,535
Jul 201416950396.564.18$18,421
Jun 201417544398.164.74$19,276
May 201413230694.734.73$13,951
Apr 2014250095.944.81$23,985
Mar 201426010095.895.06$25,437
Feb 20147224897.406.19$8,548
Jan 2014032690.404.86$1,585
Dec 201330352591.824.35$30,108
Nov 20136732888.853.74$7,179
Oct 201322018097.423.78$22,113
Sep 201396114104.113.72$10,418
Aug 2013274381104.253.52$29,907
Jul 201374326102.523.72$8,798
Jun 201317345594.403.93$18,121
May 201316139394.834.15$16,898
Apr 20137821093.964.28$8,228
Mar 2013137093.623.91$12,826
Feb 201313915291.233.42$13,201
Jan 201317768291.603.42$18,546
Dec 201219763286.773.42$19,255
Nov 201234376086.953.62$32,579
Oct 201243854089.383.40$40,984
Sep 201227256894.672.92$27,408
Aug 201212035692.662.91$12,155
Jul 2012419585.133.02$3,777
Jun 201240657379.822.52$33,850
May 201220267291.612.49$20,177
Apr 2012144654101.652.00$15,944
Mar 20123901,009105.052.22$43,212
Feb 2012149592101.102.57$16,585
Jan 201220974098.092.73$22,524
Dec 201119583596.873.24$21,595
Nov 20113351,07895.723.31$35,636
Oct 201127168984.983.65$25,543
Sep 201130479883.623.99$28,601
Aug 201130575883.404.15$28,582
Jul 201123988894.144.52$26,511
Jun 201124424292.904.64$23,790
May 201141058098.134.40$42,788
Apr 2011181553105.964.33$21,575
Mar 201136185096.364.06$38,235
Feb 201111578785.644.18$13,138
Jan 201123996886.504.59$25,115
Dec 201029873985.734.35$28,761
Nov 201035076580.843.80$31,197
Oct 201020663378.103.51$18,310
Sep 201020044572.633.98$16,297
Aug 20107454273.684.42$7,848
Jul 201031368572.554.74$25,953
Jun 201025147070.364.91$19,968
May 201024454171.124.24$19,645
Apr 201024774581.694.12$23,249
Mar 201035076078.394.39$30,772
Feb 20102571,06273.585.44$24,690
Jan 201054550174.365.96$43,514
Dec 200928935671.445.48$22,598
Nov 200929027674.593.75$22,667
Oct 200935145372.544.11$27,323
Sep 200928659565.543.06$20,568
Aug 200922857767.423.22$17,229
Jul 200928755861.133.46$19,478
Jun 200934149566.163.90$24,489
May 200928359654.743.93$17,831
Apr 200934272846.773.59$18,607
Mar 200940563442.144.06$19,640
Feb 200928868632.814.63$12,628
Jan 200943165335.865.37$18,963
Dec 200840384537.105.98$20,002
Nov 200845353555.496.86$28,807
Oct 200814258875.246.92$14,754
Sep 20084891,191101.767.88$59,142
Aug 2008341734114.228.48$45,176
Jul 2008349839131.0811.39$55,303
Jun 20080779131.3313.03$10,152
May 2008561665123.1711.57$76,795
Apr 2008562271110.3110.45$64,827
Mar 2008432820101.909.66$51,945
Feb 200827247792.538.77$29,352
Jan 200850661890.388.21$50,803
Dec 20075061,42988.337.30$55,130
Nov 20074981,23891.677.29$54,679
Oct 20071,1851,08082.856.92$105,653

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                  136 bbl  × $ 56.27 =     $7,653
Casinghead gas         0 Mcf  × $  2.46 =         $0

────────────────────────────────────────────────────
Month total                                   $7,653

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/38503 is the state's own key, not one this site invented.