PRICE RANCH

Operated by LOCIN OIL CORPORATION (P-5 504678) in the WOLFBONE (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 43724District 08Field 98359800OilCasinghead gasSave
Value, all time
$22.3 M
May 2012 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
169
no gaps in the span
Streams
2
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.

StreamBasisVolumeValue
OilDisposition338,549 bbl$18,935,197
Casinghead gasProduction993,063 Mcf$3,319,786
Total$22,254,983

Wells on this lease (5)

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 30.8241, -102.8063. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.7 miles.

30.81977, -102.80916 · 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
20.0%
1 of 5 wells
With a plug date
0.0%
0 of 5 wells
Median depth
7,538 ft
5 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
120.0%
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.
480.0%

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 7,494 and 9,379 ft, median 7,538 ft, over the 5 wells that filed a depth.

Completions filed
Aug 2012 – Aug 2018
5 of 5 wells

5 wells

42-3713889629,379 ftAug 2018Yes
42-371393255H7,538 ftMay 2017
42-371393233H7,494 ftOct 2016
42-371393244H7,526 ftJul 2015
42-371021501H7,594 ftAug 2012

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 (169)

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

169 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 20241,19412,93469.612.36$113,695
Aug 202403275.632.06$66
Jul 202436558379.932.15$30,426
Jun 202418291178.082.63$16,610
May 202436491178.812.20$30,690
Apr 202418546084.451.66$16,386
Mar 20243511,59780.301.55$30,653
Feb 20245261,97876.091.78$43,551
Jan 20243722,37673.023.30$34,999
Dec 202335624771.262.61$26,013
Nov 202336924777.892.81$29,435
Oct 20230085.443.09$0
Sep 20233896,94589.042.74$53,631
Aug 20233676,94480.522.67$48,111
Jul 20231804,26574.852.64$24,740
Jun 2023370068.962.26$25,515
May 2023389070.622.23$27,471
Apr 2023541078.122.24$42,263
Mar 20231851,82372.852.39$17,840
Feb 20233021,82375.112.47$27,178
Jan 20236512,80176.533.39$59,310
Dec 20221,0175,36576.415.73$108,445
Nov 202236113,56285.005.65$107,259
Oct 202217811,72387.185.86$84,259
Sep 20229621,62084.888.16$94,880
Aug 20221,3776,54894.529.13$189,919
Jul 20223375,598101.587.54$76,453
Jun 20221,2305,704115.097.98$187,063
May 20228794,883109.378.43$137,315
Apr 20221,3676,316104.226.84$185,655
Mar 20228936,520108.885.08$130,328
Feb 20227794,63891.054.86$93,463
Jan 20228986,29281.844.54$102,043
Dec 20211,0733,93471.323.90$91,866
Nov 20218984,94577.435.24$95,428
Oct 20211,0795,36479.795.71$116,743
Sep 20211,2065,41669.865.35$113,232
Aug 20211,4274,91866.024.22$114,967
Jul 20211,1916,11270.783.98$108,637
Jun 20217054,06569.493.38$62,733
May 20211,6266,03963.483.02$121,442
Apr 20211,0965,30260.362.76$80,780
Mar 20211,1956,71961.302.72$91,509
Feb 20218732,85157.805.55$66,277
Jan 20211,0014,18450.412.81$62,219
Dec 20209992,84544.642.68$52,207
Nov 20201,0073,24338.772.71$47,819
Oct 20209154,61236.972.48$45,258
Sep 20201,1122,53437.091.99$46,289
Aug 20209703,89739.982.39$48,075
Jul 20201632,40138.371.83$10,636
Jun 2020320034.901.69$11,168
May 20201,2196,59816.921.81$32,599
Apr 20208815,50014.751.80$22,919
Mar 20201,0824,76330.341.86$41,669
Feb 20201,2735,07049.881.98$73,539
Jan 20201,6328,73457.252.09$111,727
Dec 20192,13712,52159.012.30$154,957
Nov 20192,34511,42655.302.75$161,108
Oct 20191,4566,03053.472.42$92,436
Sep 20191,530055.052.66$84,227
Aug 20192,330053.112.30$123,746
Jul 20192,654056.272.46$149,341
Jun 20192,516052.782.49$132,794
May 20192,090058.482.74$122,223
Apr 20193,1784,98862.632.75$212,759
Mar 20192,56413,72156.803.06$187,650
Feb 20193,65015,94750.852.79$230,130
Jan 20193,84917,01646.033.23$232,100
Dec 20183,20016,29546.594.19$217,290
Nov 20183,40115,05752.934.24$243,815
Oct 20183,98615,08261.443.40$296,150
Sep 20184,55724,45959.543.11$347,342
Aug 20185,39121,30459.403.07$385,555
Jul 20186,28122,73165.142.93$475,789
Jun 20186,30223,77160.183.08$452,396
May 20186,17826,60365.382.90$481,088
Apr 20187,13526,77163.842.90$533,156
Mar 20188,03332,81061.222.79$583,216
Feb 20188,85331,58361.782.77$634,301
Jan 20189,64933,28162.874.01$740,067
Dec 20179,48627,97857.272.92$625,002
Nov 201713,23348,15355.423.12$883,531
Oct 201714,69750,44749.292.98$874,933
Sep 201716,45949,19947.523.09$934,023
Aug 201720,17748,60145.373.00$1,061,447
Jul 201717,39039,70643.873.09$885,483
Jun 201714,27432,68942.493.09$707,422
May 20177,08315,51745.373.26$371,994
Apr 20176,14410,08147.933.21$326,858
Mar 20178,26712,26446.772.98$423,239
Feb 20178,2779,46550.452.95$445,521
Jan 201710,6389,64849.413.42$558,608
Dec 20168,0698,06048.763.72$423,450
Nov 20168,4908,98942.492.64$384,510
Oct 201610,9727,29946.193.09$529,352
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160341.622.92$9
Jun 2016534245.352.69$2,516
May 20160942.521.99$18
Apr 20160936.561.99$18
Mar 2016361233.011.79$1,210
Feb 20160026.472.06$0
Jan 201611027.352.36$301
Dec 2015351832.362.00$1,169
Nov 2015936838.792.17$3,755
Oct 2015809943.552.43$3,724
Sep 2015799542.992.76$3,658
Aug 2015616940.162.87$2,648
Jul 20151588748.152.95$7,864
Jun 20151709156.152.88$9,808
May 20151306855.212.96$7,378
Apr 20151487449.822.71$7,574
Mar 2015823642.892.93$3,623
Feb 20159611144.662.98$4,618
Jan 201521415143.433.10$9,762
Dec 201422826954.693.59$13,435
Nov 201423022070.464.25$17,141
Oct 20141994878.303.90$15,769
Sep 20143735086.164.05$32,340
Aug 20143287489.394.04$29,619
Jul 2014166096.564.18$16,029
Jun 20140498.164.74$19
May 20141673394.734.73$15,976
Apr 20141697395.944.81$16,565
Mar 20143325895.895.06$32,129
Feb 2014164297.406.19$15,986
Jan 20141657390.404.86$15,271
Dec 2013324991.824.35$29,789
Nov 20131651088.853.74$14,698
Oct 201316320897.423.78$16,666
Sep 2013316312104.113.72$34,059
Aug 2013335424104.253.52$36,417
Jul 2013508474102.523.72$53,842
Jun 201332852994.403.93$33,044
May 201353966394.834.15$53,864
Apr 201350162893.964.28$49,763
Mar 201333151893.623.91$33,015
Feb 201376862991.233.42$72,216
Jan 20139901,52991.603.42$95,913
Dec 20121,221086.773.42$105,946
Nov 20121,218086.953.62$105,905
Oct 20122,158089.383.40$192,882
Sep 20122,565094.672.92$242,829
Aug 20122,372092.662.91$219,790
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$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.

Sep 2024 — as filed, then multipliedworked
Oil                1,194 bbl  × $ 69.61 =    $83,114
Casinghead gas    12,934 Mcf  × $  2.36 =    $30,581

────────────────────────────────────────────────────
Month total                                 $113,695

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/43724 is the state's own key, not one this site invented.