RITA

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

Oil lease lease 23574District 09Field 23754400OilCasinghead gasSaveExport
Value, all time
$614 k
Jan 1993 – Aug 2008
Value, last 12 filed months
$10 k
at the published price for each month
Months reported
188
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 35 leases and 54 wells, and the rule below applies to all of them.

Discovered
1953-01-14
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 1953-08-28.

The Commission's schedule remark for this field reads: FIELD RULES PER DOCKET# 9-27,117 EFFECTIVE 8/28/53.

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
OilDisposition23,311 bbl$613,568
Casinghead gasProduction37 Mcf$0
Total$613,568

37 Mcf of this lease's gas, across 37 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 (1)

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 33.2091, -98.3009. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.20910, -98.30094 · 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%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
5,300 ft
1 wells filed one
Completion to plug
24.8 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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

The one well that filed a depth was drilled to 5,300 ft.

Completions filed
Aug 1983
1 of 1 wells
Plug dates filed
May 2008
1 of 1 wells

Last completion to plug: a median of 24.8 years across the 1 well that filed both dates, with the middle half between 24.8 years and 24.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-2373520115,300 ftAug 1983May 2008Yes

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 (188)

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

188 months

Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 2008770131.3313.03$10,112
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 2007167062.007.55$10,354
May 2007179058.747.85$10,514
Apr 2007174059.617.81$10,372
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 2007177050.306.73$8,903
Dec 2006185056.656.92$10,480
Nov 20060054.207.62$0
Oct 2006141054.906.01$7,741
Sep 20060060.085.04$0
Aug 2006174068.717.34$11,956
Jul 20060069.376.34$0
Jun 2006163066.286.38$10,804
May 20060066.016.42$0
Apr 2006164064.397.36$10,560
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 2006148060.598.93$8,967
Dec 2005170054.9413.42$9,340
Nov 2005180054.6910.59$9,844
Oct 20050058.3413.80$0
Sep 2005185061.4512.08$11,368
Aug 2005170061.519.80$10,457
Jul 2005173055.697.84$9,634
Jun 2005172052.337.38$9,001
May 20050045.226.65$0
Apr 2005186049.207.36$9,151
Mar 2005329050.377.15$16,572
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 2004166039.866.75$6,617
Nov 2004159045.286.33$7,200
Oct 20040049.706.52$0
Sep 2004165043.245.28$7,135
Aug 20040042.375.55$0
Jul 2004170038.286.08$6,508
Jun 20040036.106.43$0
May 2004168037.486.49$6,297
Apr 20040034.475.86$0
Mar 2004169034.365.53$5,807
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 2003168030.266.30$5,084
Nov 20030028.804.60$0
Oct 2003178028.174.76$5,014
Sep 2003170026.314.75$4,473
Aug 2003169029.765.13$5,029
Jul 2003186029.415.17$5,470
Jun 20030028.565.98$0
May 2003173026.595.97$4,600
Apr 2003174026.675.41$4,641
Mar 2003174031.146.10$5,418
Feb 2003169033.487.93$5,658
Jan 20030030.315.58$0
Dec 2002155026.914.85$4,171
Nov 20020024.664.14$0
Oct 2002332026.464.23$8,785
Sep 20020027.443.64$0
Aug 2002181025.963.16$4,699
Jul 2002138024.583.06$3,392
Jun 2002177023.733.34$4,200
May 20020024.663.58$0
Apr 2002169023.653.51$3,997
Mar 2002162022.003.10$3,564
Feb 2002177018.222.38$3,225
Jan 20020017.172.38$0
Dec 2001172016.932.36$2,912
Nov 2001174018.072.41$3,144
Oct 2001149019.782.53$2,947
Sep 20010024.262.25$0
Aug 2001167024.873.05$4,153
Jul 2001161023.933.20$3,853
Jun 20010024.563.82$0
May 2001173025.524.31$4,415
Apr 2001181024.685.34$4,467
Mar 2001168024.545.38$4,123
Feb 20010027.755.77$0
Jan 2001181027.478.40$4,972
Dec 20000026.889.12$0
Nov 2000170032.215.66$5,476
Oct 2000155031.235.15$4,841
Sep 2000167031.875.19$5,322
Aug 2000166029.644.54$4,920
Jul 2000180028.534.09$5,135
Jun 2000145029.304.40$4,249
May 2000157027.263.68$4,280
Apr 2000169024.513.12$4,142
Mar 2000165028.422.86$4,689
Feb 2000155027.622.73$4,281
Jan 2000171025.272.48$4,321
Dec 1999343024.282.42$8,328
Nov 1999166023.192.43$3,850
Oct 1999164020.982.80$3,441
Sep 1999162021.752.62$3,524
Aug 1999178019.262.88$3,428
Jul 1999178017.892.37$3,184
Jun 1999339015.942.36$5,404
May 1999179015.792.32$2,826
Apr 1999174015.102.21$2,627
Mar 1999338012.471.84$4,215
Feb 199916209.981.82$1,617
Jan 1999179010.381.90$1,858
Dec 199816009.201.77$1,472
Nov 1998171010.892.19$1,862
Oct 19980012.421.97$0
Sep 1998166012.592.08$2,090
Aug 1998162011.301.91$1,831
Jul 1998339011.742.24$3,980
Jun 1998313011.242.24$3,518
May 1998176012.622.21$2,221
Apr 1998302013.042.51$3,938
Mar 19981012.802.31$13
Feb 1998337013.952.30$4,701
Jan 19980014.702.15$0
Dec 1997337016.322.41$5,500
Nov 1997179018.193.09$3,256
Oct 19970019.253.15$0
Sep 1997177017.742.95$3,140
Aug 1997157017.862.55$2,804
Jul 1997339017.582.25$5,960
Jun 19970017.242.26$0
May 1997327018.972.31$6,203
Apr 19970017.882.08$0
Mar 1997166018.951.94$3,146
Feb 19970020.492.21$0
Jan 1997188023.483.54$4,414
Dec 1996134023.32$3,125
Nov 1996306021.97$6,723
Oct 19960023.31$0
Sep 1996170022.22$3,777
Aug 1996137020.26$2,776
Jul 1996156019.55$3,050
Jun 1996161018.73$3,016
May 1996184019.43$3,575
Apr 1996348021.51$7,485
Mar 1996163019.38$3,159
Feb 19960016.98$0
Jan 1996252117.07$4,302
Dec 19950117.19$0
Nov 1995157116.00$2,512
Oct 19951115.43$15
Sep 19950116.18$0
Aug 19950115.92$0
Jul 19950115.24$0
Jun 199597116.41$1,592
May 19950117.56$0
Apr 19950117.73$0
Mar 19950116.44$0
Feb 1995343116.58$5,687
Jan 19950115.92$0
Dec 1994133115.03$1,999
Nov 19940115.90$0
Oct 1994151115.58$2,353
Sep 19940115.29$0
Aug 1994157116.13$2,532
Jul 1994141117.56$2,476
Jun 1994163117.09$2,786
May 19940115.88$0
Apr 1994240114.14$3,394
Mar 1994162112.46$2,019
Feb 19941112.50$13
Jan 1994157112.66$1,988
Dec 1993185112.33$2,281
Nov 19930114.49$0
Oct 1993305115.85$4,834
Sep 19931115.03$15
Aug 1993344115.66$5,387
Jul 1993320115.46$4,947
Jun 1993187116.79$3,140
May 1993139117.68$2,458
Apr 1993341118.05$6,155
Mar 1993170118.14$3,084
Feb 1993157117.90$2,810
Jan 19930116.93$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.

Jun 2008 — as filed, then multipliedworked
Oil                   77 bbl  × $131.33 =    $10,112
Casinghead gas         0 Mcf  × $ 13.03 =         $0

────────────────────────────────────────────────────
Month total                                  $10,112

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/23574 is the state's own key, not one this site invented.