SANDERS

Operated by BEST PETROLEUM EXPLORATIONS,INC. (P-5 68287) in the DEARING (CADDO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 23027District 09Field 23754200NGPA filingOilCasinghead gasSaveExport
Value, all time
$209 k
Jan 1993 – Jun 2017
Value, last 12 filed months
$0
at the published price for each month
Months reported
294
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 63 leases and 79 wells, and the rule below applies to all of them.

Discovered
1954-04-20
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

The Commission's schedule remark for this field reads: ALLOCATION FORMULA EFFECTIVE 09/01/89.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
OilDisposition3,280 bbl$52,705
Casinghead gasProduction93,849 Mcf$156,605
Total$209,310

40,461 Mcf of this lease's gas, across 48 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 (2)

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 33.2147, -98.3018. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

33.21470, -98.30179 · 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%
2 of 2 wells
With a plug date
100.0%
2 of 2 wells
Median depth
4,648 ft
2 wells filed one
Completion to plug
18.3 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
2100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
2100.0%
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 3,550 and 5,745 ft, median 4,648 ft, over the 2 wells that filed a depth.

Completions filed
Feb 1985 – Mar 2002
2 of 2 wells
Plug dates filed
Aug 2006 – May 2017
2 of 2 wells

Last completion to plug: a median of 18.3 years across the 2 wells that filed both dates, with the middle half between 11.4 years and 25.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-2373436515,745 ftMar 2002Aug 2006Yes
42-2373493623,550 ftFeb 1985May 2017Yes

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 (294)

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

294 months

Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
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 20120091.612.49$0
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 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
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 200800110.3110.45$0
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 200342029.765.13$1,250
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 2002168024.664.14$4,143
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 2002069718.222.38$1,656
Jan 2002082017.172.38$1,948
Dec 2001090516.932.36$2,140
Nov 2001043118.072.41$1,037
Oct 2001081319.782.53$2,056
Sep 2001080024.262.25$1,801
Aug 2001083824.873.05$2,559
Jul 2001069723.933.20$2,228
Jun 2001077224.563.82$2,952
May 2001078725.524.31$3,390
Apr 2001074824.685.34$3,991
Mar 2001070024.545.38$3,764
Feb 2001362327.755.77$3,676
Jan 2001070227.478.40$5,896
Dec 2000053026.889.12$4,835
Nov 2000077332.215.66$4,374
Oct 2000089031.235.15$4,580
Sep 200001,02431.875.19$5,311
Aug 20001267629.644.54$3,425
Jul 2000071028.534.09$2,904
Jun 2000050829.304.40$2,234
May 2000041427.263.68$1,523
Apr 2000034924.513.12$1,087
Mar 2000083728.422.86$2,394
Feb 2000083527.622.73$2,277
Jan 2000090025.272.48$2,232
Dec 19991084624.282.42$2,293
Nov 1999068723.192.43$1,672
Oct 1999050820.982.80$1,424
Sep 1999286621.752.62$2,311
Aug 199901,03319.262.88$2,970
Jul 1999091217.892.37$2,164
Jun 19990015.942.36$0
May 199901,01815.792.32$2,363
Apr 199901,06715.102.21$2,356
Mar 19991711,16112.471.84$4,267
Feb 199901,0019.981.82$1,820
Jan 199901,19610.381.90$2,272
Dec 199801,0509.201.77$1,862
Nov 199801,07910.892.19$2,358
Oct 199801,09912.421.97$2,164
Sep 199801,06612.592.08$2,220
Aug 199801,10011.301.91$2,098
Jul 199801,06811.742.24$2,389
Jun 199815996611.242.24$3,948
May 199801,03612.622.21$2,286
Apr 1998099613.042.51$2,495
Mar 199801,10812.802.31$2,559
Feb 199801,05413.952.30$2,423
Jan 1998094514.702.15$2,036
Dec 199701,04016.322.41$2,508
Nov 1997098018.193.09$3,026
Oct 199701,22619.253.15$3,862
Sep 1997401,16917.742.95$4,164
Aug 1997088717.862.55$2,266
Jul 199701,00117.582.25$2,249
Jun 19976095817.242.26$3,197
May 199701,02118.972.31$2,357
Apr 19971471,00317.882.08$4,717
Mar 1997099318.951.94$1,926
Feb 1997065220.492.21$1,438
Jan 1997181723.483.54$2,915
Dec 1996066723.32$0
Nov 1996067021.97$0
Oct 1996075723.31$0
Sep 1996089222.22$0
Aug 1996093920.26$0
Jul 199601,02419.55$0
Jun 1996088818.73$0
May 1996094419.43$0
Apr 1996073821.51$0
Mar 1996088219.38$0
Feb 199630556616.98$5,179
Jan 1996042617.07$0
Dec 1995036117.19$0
Nov 1995065016.00$0
Oct 199511477415.43$1,759
Sep 1995086416.18$0
Aug 1995078515.92$0
Jul 1995067615.24$0
Jun 1995153816.41$16
May 199513464917.56$2,353
Apr 1995053417.73$0
Mar 199513850316.44$2,269
Feb 199514588916.58$2,404
Jan 1995060615.92$0
Dec 1994084115.03$0
Nov 199411,01215.90$16
Oct 199411,06515.58$16
Sep 199421,11415.29$31
Aug 199401,12516.13$0
Jul 19941671,11517.56$2,933
Jun 199410291917.09$1,743
May 19941721,20915.88$2,731
Apr 19941861,03614.14$2,630
Mar 19941631,26512.46$2,031
Feb 199411,00812.50$13
Jan 199432593412.66$4,115
Dec 1993070612.33$0
Nov 1993032314.49$0
Oct 1993065115.85$0
Sep 19931851,10215.03$2,781
Aug 19931731,13815.66$2,709
Jul 199301,02215.46$0
Jun 199301,05416.79$0
May 1993097917.68$0
Apr 1993082918.05$0
Mar 1993489118.14$73
Feb 1993085717.90$0
Jan 19931461,04416.93$2,472

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.

Aug 2003 — as filed, then multipliedworked
Oil                   42 bbl  × $ 29.76 =     $1,250
Casinghead gas         0 Mcf  × $  5.13 =         $0

────────────────────────────────────────────────────
Month total                                   $1,250

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/23027 is the state's own key, not one this site invented.