MCFADDIN RANCH

Operated by ANGELO, ERNEST, JR. (P-5 25440) in the TWO TEE (TANNEHILL) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 14371District 09Field 92127500OilCasinghead gasSave
Value, all time
$721 k
Jan 1993 – Mar 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
183
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
OilDisposition40,298 bbl$720,968
Casinghead gasProduction21 Mcf$0
Total$720,968

21 Mcf of this lease's gas, across 21 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (4)

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 33.4860, -99.9769. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

33.48588, -99.97681 · 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
75.0%
3 of 4 wells
With a plug date
75.0%
3 of 4 wells
Median depth
2,617 ft
4 wells filed one
Completion to plug
30.3 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
375.0%
A plug date is filed
375.0%
BothOn the schedule and plugged. Neither fact cancels the other.
375.0%
NeitherNo plug date, and not on the schedule.
125.0%

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 2,596 and 2,640 ft, median 2,617 ft, over the 4 wells that filed a depth.

Completions filed
Nov 1971 – Jun 1983
3 of 4 wells; 1 filed none
Plug dates filed
Sep 1984 – Mar 2006
3 of 4 wells; 1 filed none

Last completion to plug: a median of 30.3 years across the 2 wells that filed both dates, with the middle half between 30.2 years and 30.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-2758048712,632 ftSep 1984Yes
42-275313501X2,602 ftJun 1983
42-2750005322,640 ftApr 1976Mar 2006Yes
42-2753005232,596 ftNov 1971Aug 2002Yes

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 (183)

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

183 months

Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 2000460026.889.12$12,365
Nov 2000361032.215.66$11,628
Oct 2000360031.235.15$11,243
Sep 2000353031.875.19$11,250
Aug 2000542029.644.54$16,065
Jul 2000174028.534.09$4,964
Jun 2000520029.304.40$15,236
May 2000361027.263.68$9,841
Apr 2000320024.513.12$7,843
Mar 2000352028.422.86$10,004
Feb 2000357027.622.73$9,860
Jan 2000368025.272.48$9,299
Dec 1999352024.282.42$8,547
Nov 1999358023.192.43$8,302
Oct 1999509020.982.80$10,679
Sep 1999506021.752.62$11,006
Aug 1999327019.262.88$6,298
Jul 1999338017.892.37$6,047
Jun 1999498015.942.36$7,938
May 1999510015.792.32$8,053
Apr 1999331015.102.21$4,998
Mar 1999336012.471.84$4,190
Feb 199932709.981.82$3,263
Jan 1999338010.381.90$3,508
Dec 199852509.201.77$4,830
Nov 1998346010.892.19$3,768
Oct 1998302012.421.97$3,751
Sep 1998510012.592.08$6,421
Aug 1998185011.301.91$2,091
Jul 1998367011.742.24$4,309
Jun 1998364011.242.24$4,091
May 1998551012.622.21$6,954
Apr 1998369013.042.51$4,812
Mar 1998362012.802.31$4,634
Feb 1998357013.952.30$4,980
Jan 1998527014.702.15$7,747
Dec 1997546016.322.41$8,911
Nov 1997180018.193.09$3,274
Oct 1997364019.253.15$7,007
Sep 1997359017.742.95$6,369
Aug 1997549017.862.55$9,805
Jul 1997179017.582.25$3,147
Jun 1997543017.242.26$9,361
May 1997368018.972.31$6,981
Apr 1997549017.882.08$9,816
Mar 1997341018.951.94$6,462
Feb 1997318020.492.21$6,516
Jan 1997524023.483.54$12,304
Dec 1996363023.32$8,465
Nov 1996368021.97$8,085
Oct 1996370023.31$8,625
Sep 1996364022.22$8,088
Aug 1996349020.26$7,071
Jul 1996358019.55$6,999
Jun 1996534018.73$10,002
May 1996358019.43$6,956
Apr 1996371021.51$7,980
Mar 1996367019.38$7,112
Feb 1996348016.98$5,909
Jan 1996549017.07$9,371
Dec 1995375017.19$6,446
Nov 1995365016.00$5,840
Oct 1995527015.43$8,132
Sep 1995364016.18$5,890
Aug 1995558015.92$8,883
Jul 1995370015.24$5,639
Jun 1995370016.41$6,072
May 1995558017.56$9,798
Apr 1995369017.73$6,542
Mar 1995534016.44$8,779
Feb 1995373016.58$6,184
Jan 1995377015.92$6,002
Dec 1994541015.03$8,131
Nov 1994370015.90$5,883
Oct 1994544015.58$8,476
Sep 1994351115.29$5,367
Aug 1994543116.13$8,759
Jul 1994360117.56$6,322
Jun 1994552117.09$9,434
May 1994357115.88$5,669
Apr 1994506114.14$7,155
Mar 1994374112.46$4,660
Feb 1994518112.50$6,475
Jan 1994366112.66$4,634
Dec 1993534112.33$6,584
Nov 1993562114.49$8,143
Oct 1993557115.85$8,828
Sep 1993569115.03$8,552
Aug 1993532115.66$8,331
Jul 1993549115.46$8,488
Jun 1993550116.79$9,235
May 1993371117.68$6,559
Apr 1993551118.05$9,946
Mar 1993542118.14$9,832
Feb 1993357117.90$6,390
Jan 1993560116.93$9,481

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.

Dec 2000 — as filed, then multipliedworked
Oil                  460 bbl  × $ 26.88 =    $12,365
Casinghead gas         0 Mcf  × $  9.12 =         $0

────────────────────────────────────────────────────
Month total                                  $12,365

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. 09/O/14371 is the state's own key, not one this site invented.