CAPTAIN MORGAN

Operated by BLACKBEARD OPERATING, LLC (P-5 73056) in the MONAHANS, NORTH (CLEARFORK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 51202District 08Field 62417110OilCasinghead gasSave
Value, all time
$19.1 M
May 2018 – May 2026
Value, last 12 filed months
$589 k
at the published price for each month
Months reported
97
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
OilDisposition249,698 bbl$15,768,861
Casinghead gasProduction961,629 Mcf$3,372,750
Total$19,141,611

Wells on this lease (7)

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 31.6916, -102.9657. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.9 miles.

31.69125, -102.96576 · 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
28.6%
2 of 7 wells
With a plug date
28.6%
2 of 7 wells
Median depth
6,110 ft
7 wells filed one
Completion to plug
3.1 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
228.6%
A plug date is filed
228.6%
BothOn the schedule and plugged. Neither fact cancels the other.
228.6%
NeitherNo plug date, and not on the schedule.
571.4%

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 6,042 and 6,836 ft, median 6,110 ft, over the 7 wells that filed a depth.

Completions filed
Dec 2019 – Dec 2025
7 of 7 wells
Plug dates filed
Jul 2025
2 of 7 wells; 5 filed none

Last completion to plug: a median of 3.1 years across the 2 wells that filed both dates, with the middle half between 21 months and 4.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

7 wells

42-495343884R6,104 ftDec 2025
42-49534667566,042 ftJun 2025
42-4953406016,125 ftFeb 2025
42-4953425156,836 ftJan 2025Jul 2025Yes
42-495344352R6,108 ftJul 2024
42-4953421336,319 ftJul 2024
42-49534452116,110 ftDec 2019Jul 2025Yes

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 (97)

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

97 months

May 202600106.413.05$0
Apr 20262822,47498.932.87$34,998
Mar 20264242,27089.753.15$45,203
Feb 20264873,32263.503.75$43,383
Jan 20266353,96159.138.00$69,227
Dec 20255404,12656.664.41$48,806
Nov 20255913,99758.593.93$50,321
Oct 20256384,24459.383.30$51,910
Sep 20256364,27762.743.08$53,063
Aug 20257175,34263.933.01$61,943
Jul 20257015,24766.743.32$64,180
Jun 20257545,10266.483.13$66,089
May 20257495,51160.553.23$63,165
Apr 20258085,69762.363.54$70,572
Mar 20251,0055,92767.704.27$93,337
Feb 20259764,57370.884.34$89,030
Jan 20251,3716,26274.324.28$128,686
Dec 20241,4596,50068.993.12$120,945
Nov 20241,4456,74169.052.20$114,597
Oct 20241,5077,05971.372.28$123,659
Sep 20241,3827,22569.612.36$113,284
Aug 20241,5037,84175.632.06$129,853
Jul 20241,4927,51479.932.15$135,385
Jun 20241,4277,43278.082.63$130,996
May 20241,5597,64878.812.20$139,678
Apr 20241,5287,47484.451.66$141,440
Mar 20241,5977,74980.301.55$140,212
Feb 20241,6347,52076.091.78$137,744
Jan 20241,7717,66473.023.30$154,592
Dec 20231,7267,55271.262.61$142,711
Nov 20231,6177,56377.892.81$147,182
Oct 20231,8548,11285.443.09$183,450
Sep 20231,7788,30989.042.74$181,039
Aug 20231,7488,41980.522.67$163,252
Jul 20231,8398,69774.852.64$160,625
Jun 20231,7428,93168.962.26$140,299
May 20231,9229,59570.622.23$157,104
Apr 20231,8389,63378.122.24$165,141
Mar 20231,8509,52872.852.39$157,575
Feb 20231,8278,89775.112.47$159,163
Jan 20232,2359,95076.533.39$204,752
Dec 20222,18910,21976.415.73$225,807
Nov 20222,04910,34785.005.65$232,586
Oct 20222,46310,52387.185.86$276,429
Sep 20222,25310,83984.888.16$279,721
Aug 20222,40611,22494.529.13$329,858
Jul 20222,63512,818101.587.54$364,338
Jun 20222,79013,213115.097.98$426,504
May 20222,80614,972109.378.43$433,152
Apr 20223,04814,497104.226.84$416,787
Mar 20223,93417,004108.885.08$514,653
Feb 20223,50816,09191.054.86$397,587
Jan 20225,53020,00581.844.54$543,351
Dec 20212,6329,85071.323.90$226,121
Nov 20212,3619,62977.435.24$233,238
Oct 20212,70810,72479.795.71$277,347
Sep 20212,41011,21769.865.35$228,384
Aug 20212,59311,04566.024.22$217,806
Jul 20212,59211,71870.783.98$230,124
Jun 20212,3857,99169.493.38$192,748
May 20212,97711,31663.483.02$223,128
Apr 20212,80311,36760.362.76$200,544
Mar 20212,79311,99361.302.72$203,795
Feb 20212,79211,29257.805.55$224,025
Jan 20213,32214,85450.412.81$209,206
Dec 20203,56815,92344.642.68$201,877
Nov 20203,50916,33538.772.71$180,256
Oct 20204,00118,07236.972.48$192,707
Sep 20203,89716,23837.091.99$176,870
Aug 20204,92516,71739.982.39$236,773
Jul 20205,48916,15138.371.83$240,090
Jun 20205,14513,76234.901.69$202,823
May 20200016.921.81$0
Apr 20203,31313,40014.751.80$73,045
Mar 20205,35313,19830.341.86$186,909
Feb 20205,57714,86949.881.98$307,631
Jan 20207,39018,98857.252.09$462,852
Dec 20197,10217,08759.012.30$458,464
Nov 20198,05618,85855.302.75$497,370
Oct 20195,74518,87553.472.42$352,835
Sep 20196,34719,26455.052.66$400,592
Aug 20195,69716,14553.112.30$339,772
Jul 20195,32114,60356.272.46$335,337
Jun 20194,73713,78852.782.49$284,368
May 20192,4918,98158.482.74$170,284
Apr 20192,3459,11362.632.75$171,934
Mar 20192,6937,22756.803.06$175,092
Feb 20192,35810,69850.852.79$149,775
Jan 20193,40712,12746.033.23$195,972
Dec 20183,62414,32846.594.19$228,811
Nov 20184,12415,13652.934.24$282,418
Oct 20183,1438,73061.443.40$222,771
Sep 20182,7986,07159.543.11$185,462
Aug 20182,5434,85459.403.07$165,939
Jul 20183,1635,42365.142.93$221,937
Jun 20182,2646,03560.183.08$154,817
May 20180065.382.90$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.

Apr 2026 — as filed, then multipliedworked
Oil                  282 bbl  × $ 98.93 =    $27,898
Casinghead gas     2,474 Mcf  × $  2.87 =     $7,100

────────────────────────────────────────────────────
Month total                                  $34,998

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/51202 is the state's own key, not one this site invented.