RED ANGUS 48

Operated by PURVIS OPERATING CO. (P-5 683200) in the RAY ALBAUGH (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 40872District 08Field 74905500OilCasinghead gasSaveExport
Value, all time
$7.1 M
Feb 2011 – May 2015
Value, last 12 filed months
$0
at the published price for each month
Months reported
52
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 19 leases and 23 wells, and the rule below applies to all of them.

Discovered
1966-03-23
as the register files it
Field class
Oil
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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
OilDisposition76,677 bbl$6,984,008
Casinghead gasProduction21,553 Mcf$76,280
Total$7,060,288

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 32.2155, -101.0672. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

32.21550, -101.06716 · 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
0.0%
0 of 2 wells
Median depth
5,851 ft
2 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
2100.0%
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.
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 5,810 and 5,892 ft, median 5,851 ft, over the 2 wells that filed a depth.

Completions filed
Feb 2011 – Jul 2011
2 of 2 wells

2 wells

42-3353554225,892 ftJul 2011Yes
42-3353544215,810 ftFeb 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 (52)

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

52 months

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 20140086.164.05$0
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 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20133,6923,51893.623.91$359,411
Feb 20133,3983,20291.233.42$320,950
Jan 20134,1054,57391.603.42$391,657
Dec 20123,7613,93186.773.42$339,787
Nov 20123,7054,27886.953.62$337,657
Oct 20123,8692,05189.383.40$352,784
Sep 20123,829094.672.92$362,491
Aug 20123,894092.662.91$360,818
Jul 20123,772085.133.02$321,110
Jun 20123,608079.822.52$287,991
May 20125,894091.612.49$539,949
Apr 20124,7130101.652.00$479,076
Mar 20121,4860105.052.22$156,104
Feb 20122,0100101.102.57$203,211
Jan 20122,148098.092.73$210,697
Dec 20113,090096.873.24$299,328
Nov 20113,842095.723.31$367,756
Oct 20114,025084.983.65$342,045
Sep 20114,001083.623.99$334,564
Aug 20114,676083.404.15$389,978
Jul 2011666094.144.52$62,697
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20112,493096.364.06$240,225
Feb 20110085.644.18$0

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.

Mar 2013 — as filed, then multipliedworked
Oil                3,692 bbl  × $ 93.62 =   $345,645
Casinghead gas     3,518 Mcf  × $  3.91 =    $13,765

────────────────────────────────────────────────────
Month total                                 $359,411

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/40872 is the state's own key, not one this site invented.