MIDLAND FARMS "AM"

Operated by OCCIDENTAL PERMIAN LTD. (P-5 617544) in the INEZ (CONSOLIDATED) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 51954District 08Field 44521340OilCasinghead gasSaveExport
Value, all time
$584 k
Jun 2019 – May 2026
Value, last 12 filed months
$432
at the published price for each month
Months reported
84
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 19 wells, and the rule below applies to all of them.

Discovered
1985-12-05
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
300 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2019-06-01.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA EFFECTIVE 03/01/2020.

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
OilDisposition8,042 bbl$519,263
Casinghead gasProduction18,726 Mcf$64,495
Total$583,758

Wells on this lease (1)

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 32.1788, -102.3600. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.17875, -102.36003 · 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%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
10,500 ft
1 wells filed one
Completion to plug
13.1 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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

The one well that filed a depth was drilled to 10,500 ft.

Completions filed
Jun 2012
1 of 1 wells
Plug dates filed
Jul 2025
1 of 1 wells

Last completion to plug: a median of 13.1 years across the 1 well that filed both dates, with the middle half between 13.1 years and 13.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-003435371110,500 ftJun 2012Jul 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 (84)

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

84 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 2025013866.483.13$432
May 202548523760.553.23$30,133
Apr 2025025162.363.54$889
Mar 202517721767.704.27$12,909
Feb 2025020170.884.34$873
Jan 202518322474.324.28$14,559
Dec 2024023968.993.12$746
Nov 202418523669.052.20$13,293
Oct 202417920971.372.28$13,252
Sep 202402769.612.36$64
Aug 2024012775.632.06$262
Jul 2024026379.932.15$565
Jun 202418725078.082.63$15,259
May 2024027778.812.20$609
Apr 20248125984.451.66$7,270
Mar 202417526080.301.55$14,454
Feb 2024025176.091.78$448
Jan 202417627173.023.30$13,745
Dec 202317326971.262.61$13,030
Nov 202351626677.892.81$40,938
Oct 2023027785.443.09$855
Sep 2023026989.042.74$736
Aug 2023031380.522.67$837
Jul 202317229374.852.64$13,648
Jun 2023031168.962.26$702
May 2023031670.622.23$704
Apr 202338820478.122.24$30,767
Mar 202335328872.852.39$26,405
Feb 2023025275.112.47$621
Jan 2023029576.533.39$999
Dec 2022028676.415.73$1,639
Nov 202215829785.005.65$15,107
Oct 2022033787.185.86$1,976
Sep 202236434384.888.16$33,696
Aug 2022133794.529.13$3,170
Jul 20220342101.587.54$2,579
Jun 2022175348115.097.98$22,917
May 2022170388109.378.43$21,865
Apr 2022189313104.226.84$21,838
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 202105477.435.24$283
Oct 2021027279.795.71$1,554
Sep 202118327469.865.35$14,251
Aug 202118530566.024.22$13,501
Jul 2021012970.783.98$514
Jun 2021016969.493.38$571
May 202109863.483.02$296
Apr 202118624560.362.76$11,903
Mar 2021018661.302.72$505
Feb 202135513357.805.55$21,257
Jan 2021028250.412.81$793
Dec 202016929944.642.68$8,344
Nov 2020029838.772.71$807
Oct 202035632636.972.48$13,969
Sep 2020028237.091.99$561
Aug 2020033639.982.39$801
Jul 202034531938.371.83$13,820
Jun 2020023134.901.69$390
May 202017434616.921.81$3,572
Apr 202017436014.751.80$3,216
Mar 202036036730.341.86$11,604
Feb 2020033949.881.98$671
Jan 2020035757.252.09$748
Dec 201936938159.012.30$22,653
Nov 2019037455.302.75$1,029
Oct 201935442753.472.42$19,961
Sep 2019017555.052.66$465
Aug 201934540753.112.30$19,261
Jul 2019040956.272.46$1,006
Jun 2019026552.782.49$660

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.

Jun 2025 — as filed, then multipliedworked
Oil                    0 bbl  × $ 66.48 =         $0
Casinghead gas       138 Mcf  × $  3.13 =       $432

────────────────────────────────────────────────────
Month total                                     $432

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/51954 is the state's own key, not one this site invented.