STERLING 'M' FEE

Name: STERLING 'M' FEE lease production and value, Feb 2008 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by BURK ROYALTY CO., LTD. (P-5 108799) in the CONGER, SW (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 38650District 08Field 20101750OilCasinghead gasSave

Value, all time

$10.2 M

Feb 2008 – Dec 2022

Value, last 12 filed months

at the published price for each month

Months reported

179

no gaps in the span

Streams

oil, casinghead gas

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.

Stream	Basis	Volume	Value
Oil	Disposition	125,548 bbl	$9,774,927
Casinghead gas	Production	121,098 Mcf	$469,455
Total			$10,244,382

Wells on this lease (6)

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 31.7219, -101.1576. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.72179, -101.15788 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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%

6 of 6 wells

With a plug date

33.3%

2 of 6 wells

Median depth

7,849 ft

6 wells filed one

Completion to plug

8.5 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

6100.0%

A plug date is filed

233.3%

BothOn the schedule and plugged. Neither fact cancels the other.

233.3%

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 7,749 and 8,100 ft, median 7,849 ft, over the 6 wells that filed a depth.

Completions filed

Nov 2007 – Jun 2013

6 of 6 wells

Plug dates filed

Sep 2016 – Jul 2021

2 of 6 wells; 4 filed none

Last completion to plug: a median of 8.5 years across the 2 wells that filed both dates, with the middle half between 6.4 years and 10.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

6 wells


42-43131694	5	7,808 ft	Jun 2013	—	Yes
42-43130910	3	7,900 ft	May 2012	Sep 2016	Yes
42-43131381	4	7,800 ft	Jun 2010	—	Yes
42-43131712	6	7,749 ft	Feb 2009	—	Yes
42-43130598	2	8,100 ft	Dec 2008	Jul 2021	Yes
42-43132679	7	7,890 ft	Nov 2007	—	Yes

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 (179)

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

179 months


Dec 2022	0	0	76.41	5.73	$0
Nov 2022	0	0	85.00	5.65	$0
Oct 2022	0	0	87.18	5.86	$0
Sep 2022	0	0	84.88	8.16	$0
Aug 2022	0	0	94.52	9.13	$0
Jul 2022	0	0	101.58	7.54	$0
Jun 2022	0	0	115.09	7.98	$0
May 2022	0	0	109.37	8.43	$0
Apr 2022	0	0	104.22	6.84	$0
Mar 2022	0	0	108.88	5.08	$0
Feb 2022	0	0	91.05	4.86	$0
Jan 2022	0	0	81.84	4.54	$0
Dec 2021	0	0	71.32	3.90	$0
Nov 2021	0	0	77.43	5.24	$0
Oct 2021	0	0	79.79	5.71	$0
Sep 2021	0	0	69.86	5.35	$0
Aug 2021	0	0	66.02	4.22	$0
Jul 2021	0	0	70.78	3.98	$0
Jun 2021	0	0	69.49	3.38	$0
May 2021	0	0	63.48	3.02	$0
Apr 2021	0	0	60.36	2.76	$0
Mar 2021	0	0	61.30	2.72	$0
Feb 2021	0	0	57.80	5.55	$0
Jan 2021	0	0	50.41	2.81	$0
Dec 2020	0	0	44.64	2.68	$0
Nov 2020	0	0	38.77	2.71	$0
Oct 2020	0	0	36.97	2.48	$0
Sep 2020	0	0	37.09	1.99	$0
Aug 2020	0	0	39.98	2.39	$0
Jul 2020	0	0	38.37	1.83	$0
Jun 2020	0	0	34.90	1.69	$0
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	0	0	49.88	1.98	$0
Jan 2020	1	0	57.25	2.09	$57
Dec 2019	16	5	59.01	2.30	$956
Nov 2019	138	118	55.30	2.75	$7,956
Oct 2019	115	254	53.47	2.42	$6,763
Sep 2019	102	298	55.05	2.66	$6,407
Aug 2019	124	394	53.11	2.30	$7,494
Jul 2019	85	123	56.27	2.46	$5,086
Jun 2019	74	135	52.78	2.49	$4,242
May 2019	111	105	58.48	2.74	$6,779
Apr 2019	118	226	62.63	2.75	$8,012
Mar 2019	193	533	56.80	3.06	$12,595
Feb 2019	156	464	50.85	2.79	$9,228
Jan 2019	136	55	46.03	3.23	$6,438
Dec 2018	92	70	46.59	4.19	$4,579
Nov 2018	87	69	52.93	4.24	$4,897
Oct 2018	113	115	61.44	3.40	$7,334
Sep 2018	125	230	59.54	3.11	$8,157
Aug 2018	162	332	59.40	3.07	$10,641
Jul 2018	205	520	65.14	2.93	$14,878
Jun 2018	135	421	60.18	3.08	$9,420
May 2018	295	512	65.38	2.90	$20,772
Apr 2018	292	545	63.84	2.90	$20,222
Mar 2018	304	567	61.22	2.79	$20,191
Feb 2018	276	473	61.78	2.77	$18,360
Jan 2018	220	542	62.87	4.01	$16,004
Dec 2017	314	511	57.27	2.92	$19,476
Nov 2017	442	560	55.42	3.12	$26,242
Oct 2017	364	537	49.29	2.98	$19,544
Sep 2017	300	531	47.52	3.09	$15,895
Aug 2017	390	660	45.37	3.00	$19,677
Jul 2017	466	592	43.87	3.09	$22,271
Jun 2017	281	569	42.49	3.09	$13,696
May 2017	207	594	45.37	3.26	$11,330
Apr 2017	293	694	47.93	3.21	$16,272
Mar 2017	314	701	46.77	2.98	$16,777
Feb 2017	383	646	50.45	2.95	$21,230
Jan 2017	417	620	49.41	3.42	$22,724
Dec 2016	362	663	48.76	3.72	$20,119
Nov 2016	343	741	42.49	2.64	$16,534
Oct 2016	257	607	46.19	3.09	$13,747
Sep 2016	387	614	41.55	3.10	$17,984
Aug 2016	490	577	41.44	2.92	$21,993
Jul 2016	592	691	41.62	2.92	$26,660
Jun 2016	196	365	45.35	2.69	$9,869
May 2016	324	438	42.52	1.99	$14,649
Apr 2016	591	552	36.56	1.99	$22,706
Mar 2016	579	835	33.01	1.79	$20,611
Feb 2016	43	579	26.47	2.06	$2,333
Jan 2016	15	26	27.35	2.36	$472
Dec 2015	387	298	32.36	2.00	$13,120
Nov 2015	600	558	38.79	2.17	$24,483
Oct 2015	685	650	43.55	2.43	$31,409
Sep 2015	623	684	42.99	2.76	$28,670
Aug 2015	569	925	40.16	2.87	$25,508
Jul 2015	4	0	48.15	2.95	$193
Jun 2015	365	587	56.15	2.88	$22,187
May 2015	401	1,173	55.21	2.96	$25,606
Apr 2015	485	1,167	49.82	2.71	$27,321
Mar 2015	678	1,026	42.89	2.93	$32,090
Feb 2015	406	1,071	44.66	2.98	$21,319
Jan 2015	539	1,133	43.43	3.10	$26,922
Dec 2014	715	1,373	54.69	3.59	$44,034
Nov 2014	774	1,476	70.46	4.25	$60,812
Oct 2014	797	1,735	78.30	3.90	$69,173
Sep 2014	802	1,674	86.16	4.05	$75,872
Aug 2014	940	1,948	89.39	4.04	$91,887
Jul 2014	931	1,979	96.56	4.18	$98,169
Jun 2014	635	2,123	98.16	4.74	$72,388
May 2014	1,642	2,625	94.73	4.73	$167,954
Apr 2014	1,871	2,452	95.94	4.81	$191,296
Mar 2014	1,623	1,956	95.89	5.06	$165,521
Feb 2014	1,929	2,178	97.40	6.19	$201,371
Jan 2014	2,609	2,245	90.40	4.86	$246,766
Dec 2013	1,442	1,322	91.82	4.35	$138,161
Nov 2013	849	1,357	88.85	3.74	$80,507
Oct 2013	1,057	2,082	97.42	3.78	$110,842
Sep 2013	1,507	1,668	104.11	3.72	$163,095
Aug 2013	2,570	1,752	104.25	3.52	$274,094
Jul 2013	2,565	1,774	102.52	3.72	$269,559
Jun 2013	646	1,075	94.40	3.93	$65,211
May 2013	593	909	94.83	4.15	$60,006
Apr 2013	340	601	93.96	4.28	$34,520
Mar 2013	269	779	93.62	3.91	$28,232
Feb 2013	173	619	91.23	3.42	$17,900
Jan 2013	773	723	91.60	3.42	$73,279
Dec 2012	1,229	813	86.77	3.42	$109,421
Nov 2012	1,343	827	86.95	3.62	$119,772
Oct 2012	1,131	663	89.38	3.40	$103,343
Sep 2012	1,416	696	94.67	2.92	$136,084
Aug 2012	1,679	818	92.66	2.91	$157,955
Jul 2012	1,329	951	85.13	3.02	$116,011
Jun 2012	1,399	982	79.82	2.52	$114,142
May 2012	1,435	866	91.61	2.49	$133,615
Apr 2012	1,434	725	101.65	2.00	$147,214
Mar 2012	446	792	105.05	2.22	$48,612
Feb 2012	247	691	101.10	2.57	$26,748
Jan 2012	74	903	98.09	2.73	$9,728
Dec 2011	182	832	96.87	3.24	$20,326
Nov 2011	1,535	855	95.72	3.31	$149,761
Oct 2011	46	910	84.98	3.65	$7,229
Sep 2011	628	891	83.62	3.99	$56,065
Aug 2011	174	1,059	83.40	4.15	$18,906
Jul 2011	1,293	912	94.14	4.52	$125,843
Jun 2011	1,532	1,026	92.90	4.64	$147,083
May 2011	1,157	1,022	98.13	4.40	$118,038
Apr 2011	121	1,273	105.96	4.33	$18,337
Mar 2011	2,756	1,350	96.36	4.06	$271,046
Feb 2011	1,621	938	85.64	4.18	$142,743
Jan 2011	1,563	1,301	86.50	4.59	$141,170
Dec 2010	820	1,369	85.73	4.35	$76,251
Nov 2010	1,951	1,612	80.84	3.80	$163,837
Oct 2010	2,122	1,419	78.10	3.51	$170,707
Sep 2010	2,283	1,382	72.63	3.98	$171,314
Aug 2010	3,323	1,960	73.68	4.42	$253,501
Jul 2010	3,401	1,952	72.55	4.74	$255,988
Jun 2010	769	1,058	70.36	4.91	$59,302
May 2010	2,575	1,256	71.12	4.24	$188,453
Apr 2010	3,194	2,353	81.69	4.12	$270,619
Mar 2010	4,886	2,349	78.39	4.39	$393,323
Feb 2010	1,973	735	73.58	5.44	$149,173
Jan 2010	3,037	1,783	74.36	5.96	$236,465
Dec 2009	1,244	1,187	71.44	5.48	$95,381
Nov 2009	51	0	74.59	3.75	$3,804
Oct 2009	1,036	424	72.54	4.11	$76,894
Sep 2009	1,193	500	65.54	3.06	$79,722
Aug 2009	1,420	502	67.42	3.22	$97,352
Jul 2009	1,447	616	61.13	3.46	$90,589
Jun 2009	1,426	575	66.16	3.90	$96,584
May 2009	1,718	941	54.74	3.93	$97,737
Apr 2009	1,726	1,011	46.77	3.59	$84,352
Mar 2009	1,729	1,194	42.14	4.06	$77,707
Feb 2009	1,045	680	32.81	4.63	$37,437
Jan 2009	648	950	35.86	5.37	$28,340
Dec 2008	1,347	1,084	37.10	5.98	$56,453
Nov 2008	728	147	55.49	6.86	$41,405
Oct 2008	1,409	733	75.24	6.92	$111,087
Sep 2008	1,658	192	101.76	7.88	$170,230
Aug 2008	1,572	205	114.22	8.48	$181,293
Jul 2008	663	12	131.08	11.39	$87,043
Jun 2008	505	4	131.33	13.03	$66,374
May 2008	77	2	123.17	11.57	$9,507
Apr 2008	117	0	110.31	10.45	$12,906
Mar 2008	340	41	101.90	9.66	$35,042
Feb 2008	526	68	92.53	8.77	$49,267

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.

Jan 2020 — as filed, then multipliedworked

Oil                    1 bbl  × $ 57.25 =        $57
Casinghead gas         0 Mcf  × $  2.09 =         $0

────────────────────────────────────────────────────
Month total                                      $57

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/38650 is the state's own key, not one this site invented.