SCHARBAUER C NW

Operated by RING ENERGY, INC. (P-5 712382) in the PENWELL (CLEAR FORK 5100) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 58703District 08Field 70537198Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$32.8 M
Nov 2022 – May 2026
Value, last 12 filed months
$7.3 M
at the published price for each month
Months reported
43
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 14 leases and 69 wells, and the rule below applies to all of them.

Discovered
1963-12-01
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: 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
OilDisposition405,107 bbl$30,128,833
Casinghead gasProduction861,534 Mcf$2,644,330
Total$32,773,163

Wells on this lease (6)

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 31.7304, -102.6355. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.73013, -102.63539 · 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 6 wells
With a plug date
0.0%
0 of 6 wells
Median depth
7,077 ft
6 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.
6100.0%

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 7,956 ft, median 7,077 ft, over the 6 wells that filed a depth.

Completions filed
Nov 2022 – Dec 2024
6 of 6 wells

6 wells

42-135438621056,962 ftDec 2024
42-135439901037,075 ftFeb 2024
42-135438271027,078 ftDec 2022
42-135438681067,158 ftDec 2022
42-135438571046,606 ftNov 2022
42-135438071017,956 ftNov 2022

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 (43)

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

43 months

May 20266,66535,302106.413.05$816,747
Apr 20267,24132,50998.932.87$809,644
Mar 20267,44830,89489.753.15$765,757
Feb 20266,74222,91463.503.75$514,052
Jan 20267,99930,68659.138.00$718,405
Dec 20258,36229,81556.664.41$605,375
Nov 20257,43726,57858.593.93$540,091
Oct 20257,16322,66159.383.30$500,230
Sep 20256,96916,09662.743.08$486,761
Aug 20257,16319,70863.933.01$517,345
Jul 20257,37717,92066.743.32$551,749
Jun 20256,44119,62966.483.13$489,611
May 20256,27016,21860.553.23$432,070
Apr 20256,71217,15762.363.54$479,350
Mar 20257,52022,64867.704.27$605,773
Feb 20256,57420,56770.884.34$555,243
Jan 20259,61229,12774.324.28$838,989
Dec 20249,67332,08368.993.12$767,483
Nov 20247,77425,92369.052.20$593,785
Oct 20248,28233,57171.372.28$667,675
Sep 20248,05834,28069.612.36$641,968
Aug 20249,73131,70175.632.06$801,375
Jul 202410,28431,20979.932.15$888,993
Jun 20248,98225,71378.082.63$769,042
May 20249,12518,65478.812.20$760,151
Apr 202411,93430,60484.451.66$1,058,604
Mar 202415,95735,51280.301.55$1,336,218
Feb 202414,26925,55976.091.78$1,131,316
Jan 20248,49011,81373.023.30$658,895
Dec 20238,51315971.262.61$607,051
Nov 20238,71710,63177.892.81$708,814
Oct 202310,34520,82285.443.09$948,160
Sep 20237,7798,41689.042.74$715,660
Aug 20238,21412,05980.522.67$693,624
Jul 202310,21312,98574.852.64$798,747
Jun 20239,67120568.962.26$667,375
May 202311,131070.622.23$786,071
Apr 202311,21913,98178.122.24$907,714
Mar 202314,4318,83672.852.39$1,072,444
Feb 202317,24323,94575.112.47$1,354,162
Jan 202323,4522,42376.533.39$1,802,990
Dec 202213,5152176.415.73$1,032,801
Nov 20224,410085.005.65$374,850

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                6,665 bbl  × $106.41 =   $709,223
Casinghead gas    35,302 Mcf  × $  3.05 =   $107,524

────────────────────────────────────────────────────
Month total                                 $816,747

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/58703 is the state's own key, not one this site invented.