RAFE

Operated by FDL OPERATING, LLC (P-5 263924) in the STA (ATOKA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 46703District 08Field 85448150OilCasinghead gasSaveExport
Value, all time
$5.1 M
Apr 2015 – Mar 2018
Value, last 12 filed months
$113 k
at the published price for each month
Months reported
36
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 7 leases and 9 wells, and the rule below applies to all of them.

Discovered
1981-05-28
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
OilDisposition37,417 bbl$1,657,015
Casinghead gasProduction1,306,713 Mcf$3,467,960
Total$5,124,975

Wells on this lease (3)

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 31.6334, -102.3266. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.63338, -102.32755 · 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%
3 of 3 wells
With a plug date
33.3%
1 of 3 wells
Median depth
10,826 ft
3 wells filed one
Completion to plug
6.8 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
3100.0%
A plug date is filed
133.3%
BothOn the schedule and plugged. Neither fact cancels the other.
133.3%
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 10,768 and 10,880 ft, median 10,826 ft, over the 3 wells that filed a depth.

Completions filed
Apr 2017 – Jun 2017
3 of 3 wells
Plug dates filed
Jan 2024
1 of 3 wells; 2 filed none

Last completion to plug: a median of 6.8 years across the 1 well that filed both dates, with the middle half between 6.8 years and 6.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-10336509910,880 ftJun 2017Yes
42-103365101010,826 ftJun 2017Yes
42-10336503510,768 ftApr 2017Jan 2024Yes

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 (36)

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

36 months

Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 201714045.373.26$635
Apr 201757426,27547.933.21$111,897
Mar 201766830,79746.772.98$123,131
Feb 201774330,95250.452.95$128,873
Jan 201776232,39249.413.42$148,392
Dec 201673640,09348.763.72$185,147
Nov 201688234,61442.492.64$129,008
Oct 20161,03245,13746.193.09$187,153
Sep 201689048,08341.553.10$186,067
Aug 201695451,68641.442.92$190,681
Jul 20161,03753,91741.622.92$200,832
Jun 20161,20153,74645.352.69$198,818
May 20161,19559,31242.521.99$168,904
Apr 20161,18157,39236.561.99$157,447
Mar 20161,04651,76033.011.79$127,386
Feb 201698538,09926.472.06$104,695
Jan 20161,38656,37627.352.36$171,200
Dec 20151,35456,72932.362.00$157,353
Nov 20151,85675,58038.792.17$235,801
Oct 20152,53189,96843.552.43$328,540
Sep 20153,03387,05042.992.76$370,509
Aug 20152,67663,47740.162.87$289,805
Jul 20152,51551,25348.152.95$272,041
Jun 20152,91663,68656.152.88$347,331
May 20154,55496,42855.212.96$536,414
Apr 201569611,91149.822.71$66,913

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 2017 — as filed, then multipliedworked
Oil                   14 bbl  × $ 45.37 =       $635
Casinghead gas         0 Mcf  × $  3.26 =         $0

────────────────────────────────────────────────────
Month total                                     $635

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/46703 is the state's own key, not one this site invented.