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SCHARBAUER C

Operated by RING ENERGY, INC. (P-5 712382) in the PENWELL (FUSSELMAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 53379District 08Field 70537396Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$14.9 M
Dec 2019 – May 2026
Value, last 12 filed months
$1.1 M
at the published price for each month
Months reported
78
no gaps in the span
Streams
2
oil, casinghead gas

The PENWELL (FUSSELMAN) field

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 8 leases and 19 wells, and the rule below applies to all of them.

Discovered
1953-08-13
as the register files it
Field class
Oil
the register's own label
Between wells
933 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres.

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.

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
OilDisposition216,953 bbl$14,635,644
Casinghead gasProduction80,605 Mcf$250,025
Total$14,885,670

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 31.7292, -102.6219. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.72915, -102.62194 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
9,490 ft
1 wells filed one
Completion to plug
—
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
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.
1100.0%

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 9,490 ft.

Completions filed
Dec 2019
1 of 1 wells

1 well

42-135436961019,490 ftDec 2019——

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 (78)

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

78 months

May 20261,5581,150106.413.05$169,290
Apr 20261,05387398.932.87$106,679
Mar 20261,08285489.753.15$99,799
Feb 20261,10774463.503.75$73,085
Jan 20261,32799859.138.00$86,447
Dec 20251,23377156.664.41$73,264
Nov 20251,24496558.593.93$76,675
Oct 20251,42389459.383.30$87,452
Sep 20251,52359862.743.08$97,393
Aug 20251,41169263.933.01$92,291
Jul 20251,23056166.743.32$83,950
Jun 20251,0791,00466.483.13$74,873
May 20251,80887660.553.23$112,306
Apr 20251,49381662.363.54$95,995
Mar 20252,11377367.704.27$146,350
Feb 20251,77862070.884.34$128,716
Jan 20252,03281774.324.28$154,514
Dec 20242,09593968.993.12$147,465
Nov 20242,12081869.052.20$148,184
Oct 20242,7511,31671.372.28$199,341
Sep 20241,82871569.612.36$128,938
Aug 20241,8832,14175.632.06$146,830
Jul 20242,2641,97179.932.15$185,192
Jun 20242,0652,17678.082.63$166,967
May 20242,1431,58378.812.20$172,370
Apr 20241,9261,99384.451.66$165,957
Mar 20242,0302,08080.301.55$166,223
Feb 20242,0861,66276.091.78$161,688
Jan 20242,34956873.023.30$173,397
Dec 20232,244471.262.61$159,918
Nov 20231,9951,85077.892.81$160,585
Oct 20231,6451,89185.443.09$146,387
Sep 20231,37384389.042.74$124,558
Aug 20231,6911,25780.522.67$139,519
Jul 20231,81047874.852.64$136,741
Jun 20231,504668.962.26$103,729
May 20231,962070.622.23$138,556
Apr 20231,93747678.122.24$152,384
Mar 20231,7354072.852.39$126,490
Feb 20232,86268975.112.47$216,664
Jan 20232,7173976.533.39$208,064
Dec 20223,248376.415.73$248,197
Nov 20222,883085.005.65$245,055
Oct 20223,54212687.185.86$309,530
Sep 20223,55414084.888.16$302,806
Aug 20223,2921,14994.529.13$321,647
Jul 20222,048795101.587.54$214,032
Jun 20223,081992115.097.98$362,506
May 20223,1971,185109.378.43$359,649
Apr 20224,171263104.226.84$436,500
Mar 20224,246460108.885.08$464,640
Feb 20223,72917691.054.86$340,381
Jan 20223,84365981.844.54$317,501
Dec 20213,9761,20371.323.90$288,259
Nov 20214,13376277.435.24$324,009
Oct 20214,40990779.795.71$356,977
Sep 20214,14651969.865.35$292,417
Aug 20214,1051,90266.024.22$279,040
Jul 20214,14451370.783.98$295,355
Jun 20214,40959169.493.38$308,379
May 20214,608063.483.02$292,516
Apr 20214,59091660.362.76$279,579
Mar 20213,99371761.302.72$246,719
Feb 20212,81978557.805.55$167,293
Jan 20213,49763050.412.81$178,054
Dec 20203,975044.642.68$177,444
Nov 20203,3161,27838.772.71$132,020
Oct 20203,8222,43536.972.48$147,334
Sep 20203,6392,15037.091.99$139,251
Aug 20204,2602,17039.982.39$175,490
Jul 20203,9671,63138.371.83$155,191
Jun 20204,7351,37334.901.69$167,572
May 20204,5941,91216.921.81$81,200
Apr 20203,5742,42414.751.80$57,090
Mar 20204,8292,93630.341.86$151,962
Feb 20204,8062,77649.881.98$245,222
Jan 20204,5862,52257.252.09$267,831
Dec 20193,6782,06459.012.30$221,795

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                1,558 bbl  × $106.41 =   $165,787
Casinghead gas     1,150 Mcf  × $  3.05 =     $3,503

────────────────────────────────────────────────────
Month total                                 $169,290

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/53379 is the state's own key, not one this site invented.