BRADFORD TRUST B UNIT 2

Operated by XTO ENERGY INC. (P-5 945936) in the SPRABERRY (TREND AREA) R 40 EXC field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 48457District 08Field 85280301Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$28.8 M
Jun 2016 – Jun 2018
Value, last 12 filed months
$2.7 M
at the published price for each month
Months reported
25
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 581 leases and 1,079 wells, and the rule below applies to all of them.

Discovered
2013-12-18
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2016-03-08.

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: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

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
OilDisposition582,833 bbl$25,986,973
Casinghead gasProduction921,101 Mcf$2,803,888
Total$28,790,862

Wells on this lease (4)

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 31.7529, -101.9724. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

31.75309, -101.97251 · 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%
4 of 4 wells
With a plug date
0.0%
0 of 4 wells
Median depth
9,688 ft
4 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
4100.0%
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 9,586 and 9,772 ft, median 9,688 ft, over the 4 wells that filed a depth.

Completions filed
Jun 2016 – Dec 2016
4 of 4 wells

4 wells

42-329405311208BH9,586 ftDec 2016Yes
42-329405321206BH9,619 ftJun 2016Yes
42-329405241207BH9,772 ftJun 2016Yes
42-329405091205BH9,757 ftJun 2016Yes

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 (25)

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

25 months

Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
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 201730,06142,83645.373.00$1,492,564
Jul 201723,68542,18543.873.09$1,169,298
Jun 20173,2187,03142.493.09$158,439
May 20177,35223,70345.373.26$410,913
Apr 20177,15320,35747.933.21$408,222
Mar 201736,41196,73046.772.98$1,991,554
Feb 201743,29782,72450.452.95$2,428,585
Jan 201741,49867,09249.413.42$2,279,790
Dec 201633,81658,13148.763.72$1,865,280
Nov 201648,27971,28242.492.64$2,239,869
Oct 201652,66570,95246.193.09$2,651,856
Sep 201651,20570,46041.553.10$2,346,038
Aug 201675,002102,35541.442.92$3,407,404
Jul 2016105,653136,07441.622.92$4,795,205
Jun 201623,53829,18945.352.69$1,145,845

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.

Aug 2017 — as filed, then multipliedworked
Oil               30,061 bbl  × $ 45.37 = $1,363,868
Casinghead gas    42,836 Mcf  × $  3.00 =   $128,696

────────────────────────────────────────────────────
Month total                               $1,492,564

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/48457 is the state's own key, not one this site invented.