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KING 59

Operated by FORMENTERA OPERATIONS LLC (P-5 276959) in the ROEPKE (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 46724District 08Field 77897666OilCasinghead gasSave
Value, all time
$44.8 M
Jun 2014 – May 2026
Value, last 12 filed months
$1.5 M
at the published price for each month
Months reported
144
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
OilDisposition786,355 bbl$41,959,417
Casinghead gasProduction951,799 Mcf$2,811,881
Total$44,771,298

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 31.3974, -102.4795. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

31.39750, -102.47940 · 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
33.3%
1 of 3 wells
With a plug date
33.3%
1 of 3 wells
Median depth
8,041 ft
3 wells filed one
Completion to plug
6.0 years
median over 1 wells

What the state filed about each well

On the RRC proration schedule
133.3%
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.
266.7%

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 7,500 and 8,462 ft, median 8,041 ft, over the 3 wells that filed a depth.

Completions filed
Jun 2014 – Dec 2014
3 of 3 wells
Plug dates filed
Nov 2020
1 of 3 wells; 2 filed none

Last completion to plug: a median of 6.0 years across the 1 well that filed both dates, with the middle half between 6.0 years and 6.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-1033641147,500 ftDec 2014——
42-1033641028,462 ftNov 2014Nov 2020Yes
42-1033635818,041 ftJun 2014——

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 (144)

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

144 months

May 20261,4211,402106.413.05$155,479
Apr 20261,9621,33198.932.87$197,920
Mar 20261,6261,42789.753.15$150,428
Feb 20261,2611,30463.503.75$84,964
Jan 20261,8341,42259.138.00$119,817
Dec 20251,6551,39856.664.41$99,942
Nov 20251,9771,41958.593.93$121,404
Oct 20251,4441,52759.383.30$90,791
Sep 20251,7791,50262.743.08$116,236
Aug 20251,7941,62263.933.01$119,580
Jul 20251,8111,63766.743.32$126,293
Jun 20251,8081,69166.483.13$125,487
May 20251,8251,76060.553.23$116,193
Apr 20252,1941,82262.363.54$143,273
Mar 20252,1971,78567.704.27$156,356
Feb 20251,2751,68770.884.34$97,695
Jan 20252,2211,90574.324.28$173,216
Dec 20242,0341,90668.993.12$146,275
Nov 20241,6561,83169.052.20$118,372
Oct 20242,1691,81071.372.28$158,931
Sep 20241,8091,83669.612.36$130,265
Aug 20242,5262,07575.632.06$195,323
Jul 20241,9891,79479.932.15$162,832
Jun 20241,6261,77978.082.63$131,644
May 20241,8161,85178.812.20$147,188
Apr 20242,3931,78084.451.66$205,042
Mar 20241,8401,74080.301.55$150,441
Feb 20242,1781,39876.091.78$168,218
Jan 20241,8411,57873.023.30$139,634
Dec 20231,8401,67171.262.61$135,481
Nov 20231,8511,70777.892.81$148,967
Oct 20232,0031,88385.443.09$176,950
Sep 20231,9871,75189.042.74$181,712
Aug 20232,1501,86780.522.67$178,108
Jul 20231,8161,86074.852.64$140,841
Jun 20232,3691,85268.962.26$167,549
May 20232,0142,05170.622.23$146,797
Apr 20232,3641,96878.122.24$189,080
Mar 20231,6932,06472.852.39$128,275
Feb 20232,2121,95975.112.47$170,974
Jan 20232,5392,14176.533.39$201,563
Dec 20222,3342,24576.415.73$191,203
Nov 20222,0182,02885.005.65$182,980
Oct 20222,3202,39787.185.86$216,313
Sep 20222,3442,33184.888.16$217,988
Aug 20222,3212,32394.529.13$240,583
Jul 20222,4982,534101.587.54$272,858
Jun 20222,1752,333115.097.98$268,932
May 20222,5001,169109.378.43$283,283
Apr 20222,369100104.226.84$247,581
Mar 20222,743203108.885.08$299,688
Feb 20222,3692,36591.054.86$227,189
Jan 20222,2272,62881.844.54$194,183
Dec 20212,6832,67471.323.90$201,778
Nov 20212,3782,38277.435.24$196,603
Oct 20212,3642,30979.795.71$201,817
Sep 20211,8501,98369.865.35$139,852
Aug 20211,5011,46466.024.22$105,275
Jul 202166862670.783.98$49,774
Jun 202101269.493.38$41
May 202101163.483.02$33
Apr 202150517660.362.76$30,967
Mar 20212,0162,13061.302.72$129,368
Feb 20212,5211,98757.805.55$156,738
Jan 20212,8642,24550.412.81$150,683
Dec 20202,0232,32444.642.68$96,524
Nov 20202,3662,28838.772.71$97,922
Oct 20202,5332,48536.972.48$99,804
Sep 20202,6962,54137.091.99$105,054
Aug 20202,8112,67539.982.39$118,764
Jul 20202,4322,65438.371.83$98,160
Jun 20202,5532,56734.901.69$93,439
May 20203,2822,90816.921.81$60,809
Apr 20202,2132,67414.751.80$37,467
Mar 20202,9522,95730.341.86$95,053
Feb 20202,5832,74649.881.98$134,279
Jan 20203,1592,99957.252.09$187,135
Dec 20192,3693,14559.012.30$147,042
Nov 20193,0493,21655.302.75$177,456
Oct 20193,1363,47553.472.42$176,086
Sep 20192,9153,42155.052.66$169,561
Aug 20192,8813,55553.112.30$161,202
Jul 20192,8903,56856.272.46$171,398
Jun 20193,0263,52352.782.49$168,489
May 20193,1753,95958.482.74$196,523
Apr 20193,0204,10862.632.75$200,442
Mar 20192,9594,08056.803.06$180,565
Feb 20193,1444,25250.852.79$171,745
Jan 20193,3784,05546.033.23$168,580
Dec 20183,6495,40646.594.19$192,633
Nov 20183,5764,99652.934.24$210,447
Oct 20183,3465,43561.443.40$224,047
Sep 20183,3255,92159.543.11$216,373
Aug 20184,2605,98559.403.07$271,397
Jul 20183,7795,80065.142.93$263,169
Jun 20183,8845,08860.183.08$249,394
May 20183,8736,18765.382.90$271,164
Apr 20183,9376,69263.842.90$270,750
Mar 20184,2257,28261.222.79$278,948
Feb 20183,8697,04261.782.77$258,506
Jan 20184,7888,17262.874.01$333,786
Dec 20174,8078,35457.272.92$299,703
Nov 20174,5858,37655.423.12$280,220
Oct 20175,1029,29549.292.98$279,211
Sep 20174,9648,95847.523.09$263,545
Aug 20175,6429,88945.373.00$285,688
Jul 20175,55410,64443.873.09$276,515
Jun 20175,21410,85942.493.09$255,068
May 20176,40312,34145.373.26$330,778
Apr 20175,94912,25947.933.21$324,507
Mar 20176,69413,31046.772.98$352,791
Feb 20176,29211,28650.452.95$350,754
Jan 20177,26614,25249.413.42$407,738
Dec 20167,48015,08748.763.72$420,891
Nov 20168,50815,56842.492.64$402,672
Oct 20168,62517,06446.193.09$451,121
Sep 20169,06217,54741.553.10$430,933
Aug 201610,08118,89641.442.92$473,015
Jul 201610,47919,00041.622.92$491,698
Jun 201610,65019,62345.352.69$535,682
May 201612,13719,78042.521.99$555,448
Apr 201612,34521,45036.561.99$494,041
Mar 201613,38019,16333.011.79$476,052
Feb 201614,00521,98626.472.06$416,083
Jan 201616,42425,64527.352.36$509,830
Dec 201517,37323,63732.362.00$609,498
Nov 201515,94622,34338.792.17$666,970
Oct 201520,45426,61443.552.43$955,353
Sep 201517,82924,07742.992.76$832,883
Aug 201518,53018,30040.162.87$796,731
Jul 201522,18125,29848.152.95$1,142,520
Jun 201523,35424,78956.152.88$1,382,790
May 201528,16128,34155.212.96$1,638,529
Apr 201529,26826,41849.822.71$1,529,634
Mar 201537,21331,37442.892.93$1,688,139
Feb 201530,80224,19044.662.98$1,447,611
Jan 201519,15611,47343.433.10$867,519
Dec 201410,3038,50254.693.59$594,005
Nov 201410,0486,58970.464.25$735,997
Oct 201410,4466,82578.303.90$844,546
Sep 201410,7866,77086.164.05$956,709
Aug 201411,7807,01889.394.04$1,081,333
Jul 20149,0975,59096.564.18$901,770
Jun 20141,5571,39098.164.74$159,419

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                1,421 bbl  × $106.41 =   $151,209
Casinghead gas     1,402 Mcf  × $  3.05 =     $4,270

────────────────────────────────────────────────────
Month total                                 $155,479

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/46724 is the state's own key, not one this site invented.