WELLS, RANDOLPH

Operated by BUD OIL, INC. (P-5 106343) in the YOUNG COUNTY REGULAR field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 16531District 09Field 99480001OilCasinghead gasSaveExport
Value, all time
$688 k
Jan 1993 – May 2017
Value, last 12 filed months
$5 k
at the published price for each month
Months reported
293
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 2,525 leases and 8,014 wells, and the rule below applies to all of them.

Discovered
1917-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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
OilDisposition27,300 bbl$687,675
Casinghead gasProduction21 Mcf$0
Total$687,675

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 33.1643, -98.8523. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

33.16433, -98.85206 · 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%
4 of 4 wells
With a plug date
100.0%
4 of 4 wells
Median depth
3,682 ft
4 wells filed one
Completion to plug
35.3 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
4100.0%
A plug date is filed
4100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
4100.0%
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 2,994 and 4,548 ft, median 3,682 ft, over the 4 wells that filed a depth.

Completions filed
Jun 1981 – May 2000
3 of 4 wells; 1 filed none
Plug dates filed
Nov 1986 – Nov 2016
4 of 4 wells

Last completion to plug: a median of 35.3 years across the 3 wells that filed both dates, with the middle half between 25.9 years and 35.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-5038415924,548 ftNov 1986Yes
42-5033042514,367 ftMay 2000Nov 2016Yes
42-5033504752,997 ftAug 1981Nov 2016Yes
42-5033498642,994 ftJun 1981Nov 2016Yes

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 (293)

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

293 months

May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20179049.413.42$445
Dec 201688048.763.72$4,291
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 2012171091.612.49$15,665
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 20111740105.964.33$18,437
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 2010174080.843.80$14,066
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 2010168070.364.91$11,820
May 20101071.124.24$71
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 2009175071.445.48$12,502
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 2009169061.133.46$10,331
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 2009173032.814.63$5,676
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 2008167075.246.92$12,565
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 20081670110.3110.45$18,422
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 2007180091.677.29$16,501
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 2007170070.906.39$12,053
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 2007168055.108.22$9,257
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 2006167054.906.01$9,168
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 2006179069.376.34$12,417
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 2006176057.597.75$10,136
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 2005180058.3413.80$10,501
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 2005170055.697.84$9,467
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 2005185049.207.36$9,102
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 2005178043.166.32$7,682
Dec 20040039.866.75$0
Nov 2004175045.286.33$7,924
Oct 20040049.706.52$0
Sep 2004168043.245.28$7,264
Aug 20040042.375.55$0
Jul 2004173038.286.08$6,622
Jun 20040036.106.43$0
May 2004174037.486.49$6,522
Apr 20040034.475.86$0
Mar 2004176034.365.53$6,047
Feb 20040032.455.51$0
Jan 2004171032.036.30$5,477
Dec 2003178030.266.30$5,386
Nov 2003175028.804.60$5,040
Oct 20030028.174.76$0
Sep 2003174026.314.75$4,578
Aug 2003177029.765.13$5,268
Jul 20030029.415.17$0
Jun 2003176028.565.98$5,027
May 2003180026.595.97$4,786
Apr 20030026.675.41$0
Mar 2003182031.146.10$5,667
Feb 2003179033.487.93$5,993
Jan 2003177030.315.58$5,365
Dec 20020026.914.85$0
Nov 2002182024.664.14$4,488
Oct 2002177026.464.23$4,683
Sep 2002180027.443.64$4,939
Aug 2002177025.963.16$4,595
Jul 20020024.583.06$0
Jun 2002176023.733.34$4,176
May 2002173024.663.58$4,266
Apr 20020023.653.51$0
Mar 2002170022.003.10$3,740
Feb 2002177018.222.38$3,225
Jan 2002177017.172.38$3,039
Dec 20010016.932.36$0
Nov 2001175018.072.41$3,162
Oct 2001175019.782.53$3,462
Sep 20010024.262.25$0
Aug 2001167024.873.05$4,153
Jul 2001174023.933.20$4,164
Jun 20010024.563.82$0
May 2001176025.524.31$4,492
Apr 20010024.685.34$0
Mar 2001177024.545.38$4,344
Feb 20010027.755.77$0
Jan 2001181027.478.40$4,972
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 1999184010.381.90$1,910
Dec 199817809.201.77$1,638
Nov 1998173010.892.19$1,884
Oct 1998167012.421.97$2,074
Sep 1998181012.592.08$2,279
Aug 1998135011.301.91$1,526
Jul 1998158011.742.24$1,855
Jun 1998182011.242.24$2,046
May 1998181012.622.21$2,284
Apr 1998156013.042.51$2,034
Mar 1998170012.802.31$2,176
Feb 1998175013.952.30$2,441
Jan 1998182014.702.15$2,675
Dec 1997188016.322.41$3,068
Nov 1997174018.193.09$3,165
Oct 1997184019.253.15$3,542
Sep 1997181017.742.95$3,211
Aug 1997180017.862.55$3,215
Jul 1997360017.582.25$6,329
Jun 1997176017.242.26$3,034
May 1997170018.972.31$3,225
Apr 1997176017.882.08$3,147
Mar 1997187018.951.94$3,544
Feb 1997189020.492.21$3,873
Jan 1997365023.483.54$8,570
Dec 1996177023.32$4,128
Nov 1996178021.97$3,911
Oct 1996143023.31$3,333
Sep 1996354022.22$7,866
Aug 1996177020.26$3,586
Jul 1996187019.55$3,656
Jun 1996357018.73$6,687
May 1996187019.43$3,633
Apr 1996179021.51$3,850
Mar 1996356019.38$6,899
Feb 1996182016.98$3,090
Jan 1996357017.07$6,094
Dec 1995372017.19$6,395
Nov 1995355016.00$5,680
Oct 1995185015.43$2,855
Sep 1995174016.18$2,815
Aug 1995357015.92$5,683
Jul 1995356015.24$5,425
Jun 1995171016.41$2,806
May 1995308017.56$5,408
Apr 1995358017.73$6,347
Mar 1995183016.44$3,009
Feb 1995367016.58$6,085
Jan 1995369015.92$5,874
Dec 1994374015.03$5,621
Nov 1994176015.90$2,798
Oct 1994361015.58$5,624
Sep 1994349115.29$5,336
Aug 1994361116.13$5,823
Jul 1994184117.56$3,231
Jun 1994367117.09$6,272
May 1994371115.88$5,891
Apr 1994343114.14$4,850
Mar 1994364112.46$4,535
Feb 1994180112.50$2,250
Jan 1994364112.66$4,608
Dec 1993302112.33$3,724
Nov 1993227114.49$3,289
Oct 1993362115.85$5,738
Sep 1993179115.03$2,690
Aug 1993353115.66$5,528
Jul 1993177115.46$2,736
Jun 1993339116.79$5,692
May 1993344117.68$6,082
Apr 1993353118.05$6,372
Mar 1993349118.14$6,331
Feb 1993178117.90$3,186
Jan 1993364116.93$6,163

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.

Jan 2017 — as filed, then multipliedworked
Oil                    9 bbl  × $ 49.41 =       $445
Casinghead gas         0 Mcf  × $  3.42 =         $0

────────────────────────────────────────────────────
Month total                                     $445

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/16531 is the state's own key, not one this site invented.