VLT FALCON JAYJOHNSON STATE UNIT

Operated by CHEVRON U. S. A. INC. (P-5 148113) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 59040District 08Field 85280300OilCasinghead gasSave
Value, all time
$167.9 M
Dec 2022 – May 2026
Value, last 12 filed months
$23.0 M
at the published price for each month
Months reported
42
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
OilDisposition2,130,510 bbl$159,554,242
Casinghead gasProduction2,924,012 Mcf$8,322,486
Total$167,876,729

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 32.2314, -101.6650. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

32.23139, -101.66507 · 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
8,093 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 8,065 and 8,113 ft, median 8,093 ft, over the 6 wells that filed a depth.

Completions filed
Apr 2023 – May 2023
6 of 6 wells

6 wells

42-227420260121WA8,108 ftMay 2023
42-227420270122WA8,113 ftMay 2023
42-227420280123WA8,086 ftMay 2023
42-227420150141WA8,099 ftApr 2023
42-227420160142WA8,070 ftApr 2023
42-227420170143WA8,065 ftApr 2023

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 (42)

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

42 months

May 202620,82419,781106.413.05$2,276,132
Apr 202618,86823,39498.932.87$1,933,745
Mar 202619,30930,80589.753.15$1,830,001
Feb 202619,29525,73663.503.75$1,321,751
Jan 202620,61238,26659.138.00$1,524,836
Dec 202523,36667,55056.664.41$1,622,040
Nov 202524,60353,30858.593.93$1,650,800
Oct 202527,71261,97659.383.30$1,850,359
Sep 202527,96571,71962.743.08$1,975,198
Aug 202532,81793,71763.933.01$2,380,525
Jul 202533,08581,97566.743.32$2,479,856
Jun 202528,66771,70766.483.13$2,130,133
May 202528,13866,81460.553.23$1,919,720
Apr 202531,61158,47262.363.54$2,178,435
Mar 202534,39739,48367.704.27$2,497,203
Feb 202526,42830,71770.884.34$2,006,554
Jan 202539,28975,74874.324.28$3,244,060
Dec 202437,20368,65468.993.12$2,780,930
Nov 202420,78637,36769.052.20$1,517,422
Oct 202431,22469,31871.372.28$2,386,599
Sep 202444,15289,88869.612.36$3,285,948
Aug 202450,12656,61375.632.06$3,907,858
Jul 202446,27651,40179.932.15$3,809,178
Jun 202441,32466,56878.082.63$3,401,917
May 202456,71699,29878.812.20$4,688,089
Apr 202461,922103,26784.451.66$5,400,654
Mar 202468,881110,25280.301.55$5,701,498
Feb 202470,041111,06576.091.78$5,527,520
Jan 202473,595100,63373.023.30$5,705,760
Dec 202376,365114,93971.262.61$5,741,843
Nov 202385,232123,95577.892.81$6,986,732
Oct 2023100,656138,03385.443.09$9,026,195
Sep 2023119,899140,47089.042.74$11,059,998
Aug 2023152,809158,45080.522.67$12,727,699
Jul 2023199,007141,07874.852.64$15,268,374
Jun 2023208,824148,86668.962.26$14,736,714
May 2023110,30668,14170.622.23$7,941,587
Apr 202318,18014,58878.122.24$1,452,866
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$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.

May 2026 — as filed, then multipliedworked
Oil               20,824 bbl  × $106.41 = $2,215,882
Casinghead gas    19,781 Mcf  × $  3.05 =    $60,250

────────────────────────────────────────────────────
Month total                               $2,276,132

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/59040 is the state's own key, not one this site invented.