SCHARBAUER C NW

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

Oil lease lease 56434District 08Field 70537726Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$11.9 M
Oct 2021 – Sep 2025
Value, last 12 filed months
$102 k
at the published price for each month
Months reported
48
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 18 wells, and the rule below applies to all of them.

Discovered
1953-06-08
as the register files it
Field class
Oil
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 10 acres. The field rule took effect on 2024-06-25.

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: AUTHORITY SWR10; NOT REPORTING FIELD

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
OilDisposition125,152 bbl$11,297,759
Casinghead gasProduction110,334 Mcf$592,736
Total$11,890,495

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 31.7310, -102.6371. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.73081, -102.63716 · 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%
3 of 3 wells
With a plug date
0.0%
0 of 3 wells
Median depth
6,962 ft
3 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
3100.0%
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 6,606 and 7,078 ft, median 6,962 ft, over the 3 wells that filed a depth.

Completions filed
Nov 2022 – Dec 2024
3 of 3 wells

3 wells

42-135438621056,962 ftDec 2024Yes
42-135438271027,078 ftDec 2022Yes
42-135438571046,606 ftNov 2022Yes

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 (48)

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

48 months

Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 202439539869.052.20$28,150
Oct 20249841,73271.372.28$74,179
Sep 20241,1011,65669.612.36$80,556
Aug 20241,2851,59275.632.06$100,470
Jul 20241,3341,79179.932.15$110,471
Jun 20242,1203,78678.082.63$175,502
May 20242,1983,12278.812.20$180,088
Apr 20241,8383,77784.451.66$161,486
Mar 20241,1572,10880.301.55$96,164
Feb 20241,2361,84876.091.78$97,343
Jan 20241,1621,08273.023.30$88,417
Dec 20239011271.262.61$64,237
Nov 20231,2691,67577.892.81$103,545
Oct 20231,6282,61285.443.09$147,160
Sep 20231,4791,06089.042.74$134,589
Aug 20231,7982,07480.522.67$150,319
Jul 20231,7281,56274.852.64$133,467
Jun 20239361568.962.26$64,580
May 20232,259070.622.23$159,531
Apr 20232,1821,85178.122.24$174,600
Mar 20232,47117972.852.39$180,441
Feb 20232,1741,38375.112.47$166,699
Jan 20233,00945276.533.39$231,810
Dec 20223,4181176.415.73$261,232
Nov 20223,116085.005.65$264,860
Oct 20225,59067587.185.86$491,294
Sep 20227,2321,27184.888.16$624,228
Aug 20228,05910,83394.529.13$860,611
Jul 20229,26212,523101.587.54$1,035,283
Jun 202211,3609,797115.097.98$1,385,575
May 20229,5957,334109.378.43$1,111,253
Apr 20225,4541,485104.226.84$578,570
Mar 20226,9332,523108.885.08$767,673
Feb 20222,62748691.054.86$241,550
Jan 20223,3173,12181.844.54$285,625
Dec 20213,6817,61771.323.90$292,229
Nov 20215,2439,83577.435.24$457,470
Oct 20213,6217,05679.795.71$329,237

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.

Nov 2024 — as filed, then multipliedworked
Oil                  395 bbl  × $ 69.05 =    $27,275
Casinghead gas       398 Mcf  × $  2.20 =       $875

────────────────────────────────────────────────────
Month total                                  $28,150

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/56434 is the state's own key, not one this site invented.