U-TEXAS #36994-A/C #2

Operated by FASKEN OIL AND RANCH, LTD. (P-5 263696) in the MAGUTEX (DEVONIAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 4038District 08Field 56822125Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$22.2 M
Jan 1993 – May 2026
Value, last 12 filed months
$511 k
at the published price for each month
Months reported
401
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 37 leases and 119 wells, and the rule below applies to all of them.

Discovered
1953-04-18
as the register files it
Field class
Oil
the register's own label
Between wells
1,220 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 80 acres.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: SEE FIELD RULES FOR CASING REQUIREMENTS.

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
OilDisposition447,836 bbl$20,913,131
Casinghead gasProduction294,329 Mcf$1,256,790
Total$22,169,921

30,200 Mcf of this lease's gas, across 47 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 32.3722, -102.3525. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

32.37203, -102.35284 · 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
66.7%
4 of 6 wells
With a plug date
50.0%
3 of 6 wells
Median depth
13,212 ft
6 wells filed one
Completion to plug
17.8 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
466.7%
A plug date is filed
350.0%
BothOn the schedule and plugged. Neither fact cancels the other.
350.0%
NeitherNo plug date, and not on the schedule.
233.3%

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 12,585 and 13,918 ft, median 13,212 ft, over the 6 wells that filed a depth.

Completions filed
Jun 1998 – May 2014
6 of 6 wells
Plug dates filed
Jan 1992 – May 2024
3 of 6 wells; 3 filed none

Last completion to plug: a median of 17.8 years across the 2 wells that filed both dates, with the middle half between 15.2 years and 20.4 years. A further 1 well is excluded, because the last completion the Commission holds for it is dated after the plug date. Both dates are the latest of their kind on the wellbore record and they are filed separately, so the two need not run in order. The gap is the distance between two filed dates — it is not a statement of how long the well produced.

6 wells

42-00303782113,918 ftMay 2014Yes
42-00303789312,585 ftApr 2011
42-00310120412,674 ftNov 2004Jan 1992Yes
42-00338767612,612 ftMay 2001May 2024Yes
42-00338172513,749 ftNov 2000
42-00303785213,830 ftJun 1998Jan 2011Yes

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 (401)

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

401 months

May 2026594341106.413.05$64,246
Apr 202658940098.932.87$59,418
Mar 202659640089.753.15$54,751
Feb 202668735863.503.75$44,967
Jan 202652634059.138.00$33,822
Dec 202557252656.664.41$34,731
Nov 202561656758.593.93$38,318
Oct 20255847559.383.30$34,926
Sep 202558514362.743.08$37,143
Aug 202552013463.933.01$33,648
Jul 202551216266.743.32$34,708
Jun 202559920166.483.13$40,450
May 202525124160.553.23$15,977
Apr 202527316562.363.54$17,609
Mar 2025101567.704.27$6,859
Feb 202514117670.884.34$10,758
Jan 20252175574.324.28$16,363
Dec 20241071368.993.12$7,423
Nov 20242844569.052.20$19,709
Oct 202446225471.372.28$33,552
Sep 202414211669.612.36$10,159
Aug 202425119075.632.06$19,375
Jul 202429921679.932.15$24,363
Jun 202470227478.082.63$55,534
May 202490553878.812.20$72,506
Apr 202474526984.451.66$63,362
Mar 202482244480.301.55$66,693
Feb 202453425376.091.78$41,083
Jan 202470271873.023.30$53,628
Dec 202381749671.262.61$59,514
Nov 202368750877.892.81$54,937
Oct 202362943785.443.09$55,091
Sep 202379924789.042.74$71,819
Aug 202376337080.522.67$62,426
Jul 202388462474.852.64$67,816
Jun 202373951168.962.26$52,116
May 202367723870.622.23$48,340
Apr 202374222178.122.24$58,460
Mar 202395723772.852.39$70,285
Feb 202365120675.112.47$49,405
Jan 202373229576.533.39$57,019
Dec 202293732976.415.73$73,481
Nov 202288634885.005.65$77,275
Oct 202283624287.185.86$74,302
Sep 202295391784.888.16$88,377
Aug 202286172394.529.13$87,981
Jul 2022956795101.587.54$103,106
Jun 2022837576115.097.98$100,925
May 20221,197851109.378.43$138,092
Apr 2022915890104.226.84$101,447
Mar 20221,1051,321108.885.08$127,018
Feb 20229471,08491.054.86$91,491
Jan 20221,1091,36181.844.54$96,936
Dec 20211,1071,24971.323.90$83,821
Nov 20211,2372,08377.435.24$106,689
Oct 20211,3111,38479.795.71$112,513
Sep 20211,1531,21169.865.35$87,029
Aug 20211,2721,25766.024.22$89,283
Jul 20211,4131,58170.783.98$106,308
Jun 20211,2181,58269.493.38$89,987
May 20211,36665163.483.02$88,678
Apr 202197819160.362.76$59,559
Mar 20211,04261561.302.72$65,546
Feb 202180341957.805.55$48,738
Jan 202154063950.412.81$29,017
Dec 202055742544.642.68$26,002
Nov 202036327338.772.71$14,812
Oct 202023418736.972.48$9,114
Sep 202018612637.091.99$7,150
Aug 2020684239.982.39$2,819
Jul 202019116538.371.83$7,630
Jun 20201189734.901.69$4,282
May 202017713816.921.81$3,245
Apr 202022416914.751.80$3,609
Mar 202025312930.341.86$7,915
Feb 202026710149.881.98$13,518
Jan 202053112557.252.09$30,662
Dec 201945914059.012.30$27,408
Nov 201964517455.302.75$36,147
Oct 201931116253.472.42$17,021
Sep 20191126155.052.66$6,328
Aug 201953726653.112.30$29,133
Jul 201917615556.272.46$10,285
Jun 201969958152.782.49$38,341
May 201982264958.482.74$49,849
Apr 201934734462.632.75$22,679
Mar 2019704256.803.06$4,105
Feb 201930826950.852.79$16,413
Jan 201940323046.033.23$19,293
Dec 201841517846.594.19$20,080
Nov 20181423552.934.24$7,664
Oct 201829619861.443.40$18,859
Sep 2018796259.543.11$4,896
Aug 201853130959.403.07$32,489
Jul 201811413165.142.93$7,810
Jun 201871848060.183.08$44,686
May 201859246965.382.90$40,065
Apr 201864345663.842.90$42,372
Mar 201877953461.222.79$49,179
Feb 201871350461.782.77$45,443
Jan 201875955962.874.01$49,960
Dec 201780857257.272.92$47,945
Nov 201776963455.423.12$44,595
Oct 201770956749.292.98$36,638
Sep 201739919647.523.09$19,566
Aug 201737020645.373.00$17,406
Jul 201727923343.873.09$12,959
Jun 201748535742.493.09$21,710
May 201776035845.373.26$35,650
Apr 201785984647.933.21$43,889
Mar 201781742146.772.98$39,467
Feb 201745623350.452.95$23,693
Jan 201769920049.413.42$35,221
Dec 201680036248.763.72$40,356
Nov 20161,02452442.492.64$44,895
Oct 20161,12359846.193.09$53,719
Sep 201691430141.553.10$38,910
Aug 201648229441.442.92$20,834
Jul 201614710241.622.92$6,416
Jun 201658557345.352.69$28,069
May 201699080142.521.99$43,690
Apr 20161,25884036.561.99$47,665
Mar 20161,2971,19533.011.79$44,958
Feb 20161,1451,17826.472.06$32,739
Jan 201650221027.352.36$14,226
Dec 201562822332.362.00$20,768
Nov 201561724538.792.17$24,464
Oct 201531618643.552.43$14,213
Sep 201532823942.992.76$14,760
Aug 201542650340.162.87$18,553
Jul 201564670948.152.95$33,193
Jun 20151,01254056.152.88$58,381
May 20151,11069555.212.96$63,337
Apr 20151,25861849.822.71$64,346
Mar 20151,45462642.892.93$64,199
Feb 20151,07457244.662.98$49,667
Jan 20151,03367843.433.10$46,965
Dec 20141,38288654.693.59$78,764
Nov 20141,06444470.464.25$76,857
Oct 201465111278.303.90$51,410
Sep 20144903986.164.05$42,376
Aug 20143745989.394.04$33,670
Jul 201471611896.564.18$69,630
Jun 2014606098.164.74$59,485
May 20144824094.734.73$45,849
Apr 20145977895.944.81$57,651
Mar 201490810295.895.06$87,584
Feb 201487731397.406.19$87,358
Jan 201482213590.404.86$74,965
Dec 201375940891.824.35$71,468
Nov 201383859988.853.74$76,696
Oct 201334780197.423.78$36,832
Sep 2013325497104.113.72$35,683
Aug 2013606926104.253.52$66,437
Jul 2013687762102.523.72$73,264
Jun 201364629894.403.93$62,155
May 20131,06755594.834.15$103,486
Apr 201381136193.964.28$77,748
Mar 201379646393.623.91$76,333
Feb 201369031091.233.42$64,009
Jan 201389936891.603.42$83,607
Dec 201293243586.773.42$82,357
Nov 201295852586.953.62$85,201
Oct 201295770989.383.40$87,947
Sep 201282874994.672.92$80,573
Aug 201288074692.662.91$83,710
Jul 201273254485.133.02$63,958
Jun 201274161179.822.52$60,686
May 201280852891.612.49$75,335
Apr 2012834504101.652.00$85,782
Mar 2012835549105.052.22$88,937
Feb 2012832547101.102.57$85,521
Jan 201289754098.092.73$89,463
Dec 20111,06544696.873.24$104,611
Nov 20119003295.723.31$86,254
Oct 201189651484.983.65$78,017
Sep 20111,06958183.623.99$91,706
Aug 201188819083.404.15$74,848
Jul 201194314094.144.52$89,406
Jun 20119318992.904.64$86,903
May 201187423598.134.40$86,801
Apr 20111,055437105.964.33$113,681
Mar 20111,04334396.364.06$101,895
Feb 20115467185.644.18$47,056
Jan 201192322986.504.59$80,890
Dec 201034710685.734.35$30,209
Nov 201064419480.843.80$52,797
Oct 201033517278.103.51$26,767
Sep 201043612472.633.98$32,160
Aug 20103896073.684.42$28,927
Jul 20104202572.554.74$30,589
Jun 20108528770.364.91$60,374
May 20105839871.124.24$41,878
Apr 201084318681.694.12$69,631
Mar 201091729178.394.39$73,161
Feb 201090521773.585.44$67,771
Jan 201093125874.365.96$70,768
Dec 20091,00024971.445.48$72,805
Nov 200995935774.593.75$72,871
Oct 20097487972.544.11$54,585
Sep 200982326865.543.06$54,761
Aug 200992923167.423.22$63,377
Jul 20091,07823961.133.46$66,726
Jun 20099976566.163.90$66,215
May 20094355954.743.93$24,044
Apr 20091,25228046.773.59$59,561
Mar 20091,60218942.144.06$68,275
Feb 20091,64311032.814.63$54,416
Jan 20091,45339135.865.37$54,205
Dec 20081,24038437.105.98$48,299
Nov 20081,46946655.496.86$84,712
Oct 20081,36821375.246.92$104,403
Sep 20081,474637101.767.88$155,012
Aug 2008947344114.228.48$111,085
Jul 20081,800916131.0811.39$246,377
Jun 20081,9431,066131.3313.03$269,067
May 20088631,054123.1711.57$118,495
Apr 2008689712110.3110.45$83,447
Mar 2008996938101.909.66$110,557
Feb 20081,45294292.538.77$142,615
Jan 20081,137090.388.21$102,762
Dec 20071,21485688.337.30$113,483
Nov 20071,87186991.677.29$177,851
Oct 20071,28981582.856.92$112,435
Sep 20071,5651,04675.846.24$125,221
Aug 20071,60798869.066.39$117,291
Jul 20071,44860970.906.39$106,553
Jun 20071,87979962.007.55$122,529
May 20071,6171,03858.747.85$103,127
Apr 20071,9131,22859.617.81$123,619
Mar 20071,9121,11456.927.30$116,965
Feb 20071,51985255.108.22$90,697
Jan 20071,6891,34150.306.73$93,977
Dec 20061,9621,36556.656.92$120,591
Nov 20061,7801,14554.207.62$105,198
Oct 20061,7581,22254.906.01$103,863
Sep 20061,7091,30960.085.04$109,270
Aug 20061,8211,33268.717.34$134,898
Jul 20061,5371,13969.376.34$113,846
Jun 20061,31580566.286.38$92,297
May 20061,25475266.016.42$87,608
Apr 200690652764.397.36$62,216
Mar 20061,23685456.707.08$76,130
Feb 20061,28180657.597.75$80,020
Jan 20061,22393460.598.93$82,445
Dec 20051,4661,04154.9413.42$94,507
Nov 20051,4591,09154.6910.59$91,345
Oct 20051,5581,36458.3413.80$109,711
Sep 20051,6811,43361.4512.08$120,607
Aug 20051,4541,18061.519.80$100,996
Jul 20051,6161,26755.697.84$99,933
Jun 20051,50093552.337.38$85,396
May 20051,5551,28545.226.65$78,864
Apr 20052,2201,10349.207.36$117,343
Mar 20052,5322,08550.377.15$142,455
Feb 20052,3951,91445.226.31$120,383
Jan 20052,6992,11543.166.32$129,860
Dec 20041,4851,29439.866.75$67,928
Nov 20041,6341,55145.286.33$83,806
Oct 20042,0711,83149.706.52$114,858
Sep 20041,8551,58243.245.28$88,569
Aug 20041,9311,82242.375.55$91,930
Jul 20041,7931,64438.286.08$78,638
Jun 20042,2382,04236.106.43$93,928
May 20042,2441,87037.486.49$96,250
Apr 20042,9002,93134.475.86$117,134
Mar 20042,8772,28834.365.53$111,507
Feb 20042,4321,73632.455.51$88,483
Jan 20041,9971,83832.036.30$75,543
Dec 20031,9221,68730.266.30$68,791
Nov 20031,7421,71928.804.60$58,069
Oct 20031,9831,86328.174.76$64,728
Sep 20031,7241,55426.314.75$52,739
Aug 20032,2481,85829.765.13$76,432
Jul 20031,8441,60329.415.17$62,521
Jun 20031,5501,35028.565.98$52,345
May 20031,7611,45226.595.97$55,497
Apr 20031,8221,59626.675.41$57,223
Mar 20032,0431,66631.146.10$73,775
Feb 20031,6361,46733.487.93$66,401
Jan 20031,8201,82930.315.58$65,374
Dec 20022,1542,06026.914.85$67,963
Nov 20022,0331,78524.664.14$57,518
Oct 20022,3022,11626.464.23$69,860
Sep 20022,2572,14127.443.64$69,715
Aug 20022,4531,88625.963.16$69,647
Jul 20022,6152,19324.583.06$70,991
Jun 20022,6602,50523.733.34$71,484
May 20022,9992,54324.663.58$83,069
Apr 20022,9812,11023.653.51$77,912
Mar 20023,3803,13922.003.10$84,099
Feb 20023,4163,31418.222.38$70,113
Jan 20023,9103,38217.172.38$75,169
Dec 20014,0103,27416.932.36$75,630
Nov 20014,2083,54018.072.41$84,554
Oct 20014,3163,52719.782.53$94,290
Sep 20014,1273,53424.262.25$108,077
Aug 20014,4603,79124.873.05$122,495
Jul 20014,4573,63623.933.20$118,281
Jun 20014,6443,82024.563.82$128,665
May 20015,1983,76225.524.31$148,857
Apr 20014,0583,07524.685.34$116,558
Mar 20014,8033,26024.545.38$135,393
Feb 20014,5042,45727.755.77$139,156
Jan 20016,25276627.478.40$178,176
Dec 20008,6011,53726.889.12$245,216
Nov 20002,04195632.215.66$71,150
Oct 200084242931.235.15$28,503
Sep 200080242031.875.19$27,738
Aug 200037722229.644.54$12,182
Jul 200052945028.534.09$16,933
Jun 200051644329.304.40$17,067
May 200044935627.263.68$13,550
Apr 200047838424.513.12$12,912
Mar 200053040328.422.86$16,215
Feb 200048034827.622.73$14,206
Jan 200050736325.272.48$13,712
Dec 199963843824.282.42$16,552
Nov 199963747923.192.43$15,938
Oct 199958742320.982.80$13,501
Sep 199932325421.752.62$7,690
Aug 199955844019.262.88$12,012
Jul 199951539517.892.37$10,150
Jun 199954743215.942.36$9,740
May 199959039815.792.32$10,240
Apr 199960120615.102.21$9,530
Mar 199960844112.471.84$8,392
Feb 19994943459.981.82$5,557
Jan 199959641010.381.90$6,965
Dec 19985403449.201.77$5,578
Nov 199854620910.892.19$6,403
Oct 199858639712.421.97$8,060
Sep 199855140512.592.08$7,781
Aug 199864050111.301.91$8,188
Jul 199865953911.742.24$8,943
Jun 199861343711.242.24$7,868
May 199864546112.622.21$9,157
Apr 199869643513.042.51$10,166
Mar 199871546312.802.31$10,221
Feb 199868236213.952.30$10,346
Jan 199873847914.702.15$11,881
Dec 199779747516.322.41$14,152
Nov 199768232318.193.09$13,403
Oct 199749483519.253.15$12,140
Sep 199782373217.742.95$16,763
Aug 199785225417.862.55$15,866
Jul 19971,38569817.582.25$25,917
Jun 199776445917.242.26$14,207
May 199780648118.972.31$16,400
Apr 199772145317.882.08$13,835
Mar 199776145418.951.94$15,301
Feb 199774545520.492.21$16,269
Jan 199779037623.483.54$19,880
Dec 199667841623.32$15,811
Nov 199692017221.97$20,212
Oct 199693865023.31$21,865
Sep 199694365022.22$20,953
Aug 19961,06274320.26$21,516
Jul 199692778319.55$18,123
Jun 199686168618.73$16,127
May 199689362119.43$17,351
Apr 199681457321.51$17,509
Mar 199684540019.38$16,376
Feb 199690660816.98$15,384
Jan 1996946017.07$16,148
Dec 19951,02887917.19$17,671
Nov 19951,02455216.00$16,384
Oct 199582940915.43$12,791
Sep 199589553716.18$14,481
Aug 19951,02066015.92$16,238
Jul 19951,01979515.24$15,530
Jun 199587098116.41$14,277
May 199577674117.56$13,627
Apr 199599971517.73$17,712
Mar 199589353816.44$14,681
Feb 199594642616.58$15,685
Jan 19951,18131115.92$18,802
Dec 19941,58143515.03$23,762
Nov 19941,30230315.90$20,702
Oct 19941,06843715.58$16,639
Sep 19941,02655715.29$15,688
Aug 199497651316.13$15,743
Jul 199498953617.56$17,367
Jun 199476752017.09$13,108
May 199495755915.88$15,197
Apr 199491052614.14$12,867
Mar 199493554212.46$11,650
Feb 199487042112.50$10,875
Jan 19941,00275312.66$12,685
Dec 19931,44084312.33$17,755
Nov 19931,7731,03114.49$25,691
Oct 19931,46377115.85$23,189
Sep 199388851115.03$13,347
Aug 199398869015.66$15,472
Jul 19931,02391015.46$15,816
Jun 19931,13098416.79$18,973
May 19931,06098417.68$18,741
Apr 19931,09895818.05$19,819
Mar 199387876418.14$15,927
Feb 199369372017.90$12,405
Jan 19931,4421,08616.93$24,413

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.

May 2026 — as filed, then multipliedworked
Oil                  594 bbl  × $106.41 =    $63,208
Casinghead gas       341 Mcf  × $  3.05 =     $1,039

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Month total                                  $64,246

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/4038 is the state's own key, not one this site invented.