LOFTIN

Name: LOFTIN lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by BORDERLINE OPERATING CORP. (P-5 82999) 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 28131District 09Field 99480001OilCasinghead gasSave Export

Value, all time

$114 k

Jan 1993 – Jun 2007

Value, last 12 filed months

$6 k

at the published price for each month

Months reported

174

no gaps in the span

Streams

oil, casinghead gas

The YOUNG COUNTY REGULAR field

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.

Stream	Basis	Volume	Value
Oil	Disposition	4,734 bbl	$96,218
Casinghead gas	Production	11,470 Mcf	$18,185
Total			$114,403

6,168 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 33.3230, -98.4954. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

33.32304, -98.49536 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

4,853 ft

2 wells filed one

Completion to plug

15.2 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 4,815 and 4,890 ft, median 4,853 ft, over the 2 wells that filed a depth.

Completions filed

Aug 1991 – Aug 1992

2 of 2 wells

Plug dates filed

Mar 2007 – Apr 2007

2 of 2 wells

Last completion to plug: a median of 15.2 years across the 2 wells that filed both dates, with the middle half between 14.9 years and 15.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-50300783	9	4,890 ft	Aug 1992	Apr 2007	Yes
42-50336189	1	4,815 ft	Aug 1991	Mar 2007	Yes

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 (174)

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

174 months


Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	103	0	54.20	7.62	$5,583
Oct 2006	0	1	54.90	6.01	$6
Sep 2006	8	1	60.08	5.04	$486
Aug 2006	0	3	68.71	7.34	$22
Jul 2006	0	8	69.37	6.34	$51
Jun 2006	2	9	66.28	6.38	$190
May 2006	0	10	66.01	6.42	$64
Apr 2006	0	11	64.39	7.36	$81
Mar 2006	0	10	56.70	7.08	$71
Feb 2006	0	11	57.59	7.75	$85
Jan 2006	0	12	60.59	8.93	$107
Dec 2005	0	11	54.94	13.42	$148
Nov 2005	0	14	54.69	10.59	$148
Oct 2005	0	5	58.34	13.80	$69
Sep 2005	0	3	61.45	12.08	$36
Aug 2005	124	6	61.51	9.80	$7,686
Jul 2005	0	2	55.69	7.84	$16
Jun 2005	0	4	52.33	7.38	$30
May 2005	0	2	45.22	6.65	$13
Apr 2005	0	2	49.20	7.36	$15
Mar 2005	0	2	50.37	7.15	$14
Feb 2005	0	2	45.22	6.31	$13
Jan 2005	0	9	43.16	6.32	$57
Dec 2004	0	23	39.86	6.75	$155
Nov 2004	0	9	45.28	6.33	$57
Oct 2004	0	15	49.70	6.52	$98
Sep 2004	0	22	43.24	5.28	$116
Aug 2004	0	21	42.37	5.55	$117
Jul 2004	71	19	38.28	6.08	$2,833
Jun 2004	0	27	36.10	6.43	$174
May 2004	0	26	37.48	6.49	$169
Apr 2004	0	20	34.47	5.86	$117
Mar 2004	0	29	34.36	5.53	$160
Feb 2004	0	21	32.45	5.51	$116
Jan 2004	0	24	32.03	6.30	$151
Dec 2003	101	23	30.26	6.30	$3,201
Nov 2003	0	19	28.80	4.60	$87
Oct 2003	0	19	28.17	4.76	$90
Sep 2003	0	27	26.31	4.75	$128
Aug 2003	0	30	29.76	5.13	$154
Jul 2003	0	45	29.41	5.17	$233
Jun 2003	0	42	28.56	5.98	$251
May 2003	30	41	26.59	5.97	$1,043
Apr 2003	0	45	26.67	5.41	$243
Mar 2003	0	43	31.14	6.10	$262
Feb 2003	0	38	33.48	7.93	$301
Jan 2003	0	41	30.31	5.58	$229
Dec 2002	44	41	26.91	4.85	$1,383
Nov 2002	31	37	24.66	4.14	$918
Oct 2002	0	24	26.46	4.23	$102
Sep 2002	0	33	27.44	3.64	$120
Aug 2002	0	46	25.96	3.16	$146
Jul 2002	0	45	24.58	3.06	$138
Jun 2002	0	38	23.73	3.34	$127
May 2002	119	33	24.66	3.58	$3,053
Apr 2002	0	42	23.65	3.51	$148
Mar 2002	0	41	22.00	3.10	$127
Feb 2002	0	59	18.22	2.38	$140
Jan 2002	0	61	17.17	2.38	$145
Dec 2001	0	55	16.93	2.36	$130
Nov 2001	0	65	18.07	2.41	$156
Oct 2001	0	87	19.78	2.53	$220
Sep 2001	121	63	24.26	2.25	$3,077
Aug 2001	0	69	24.87	3.05	$211
Jul 2001	0	13	23.93	3.20	$42
Jun 2001	0	98	24.56	3.82	$375
May 2001	0	163	25.52	4.31	$702
Apr 2001	0	177	24.68	5.34	$944
Mar 2001	0	56	24.54	5.38	$301
Feb 2001	0	4	27.75	5.77	$23
Jan 2001	0	1	27.47	8.40	$8
Dec 2000	135	17	26.88	9.12	$3,784
Nov 2000	0	34	32.21	5.66	$192
Oct 2000	0	45	31.23	5.15	$232
Sep 2000	0	34	31.87	5.19	$176
Aug 2000	0	7	29.64	4.54	$32
Jul 2000	0	34	28.53	4.09	$139
Jun 2000	0	34	29.30	4.40	$150
May 2000	55	41	27.26	3.68	$1,650
Apr 2000	0	47	24.51	3.12	$146
Mar 2000	69	71	28.42	2.86	$2,164
Feb 2000	0	19	27.62	2.73	$52
Jan 2000	0	21	25.27	2.48	$52
Dec 1999	0	53	24.28	2.42	$128
Nov 1999	82	59	23.19	2.43	$2,045
Oct 1999	0	44	20.98	2.80	$123
Sep 1999	0	53	21.75	2.62	$139
Aug 1999	0	57	19.26	2.88	$164
Jul 1999	119	56	17.89	2.37	$2,262
Jun 1999	0	42	15.94	2.36	$99
May 1999	0	71	15.79	2.32	$165
Apr 1999	157	32	15.10	2.21	$2,441
Mar 1999	0	48	12.47	1.84	$88
Feb 1999	0	41	9.98	1.82	$75
Jan 1999	0	71	10.38	1.90	$135
Dec 1998	0	52	9.20	1.77	$92
Nov 1998	0	86	10.89	2.19	$188
Oct 1998	249	77	12.42	1.97	$3,244
Sep 1998	0	71	12.59	2.08	$148
Aug 1998	0	68	11.30	1.91	$130
Jul 1998	0	71	11.74	2.24	$159
Jun 1998	0	101	11.24	2.24	$226
May 1998	0	109	12.62	2.21	$240
Apr 1998	228	125	13.04	2.51	$3,286
Mar 1998	0	81	12.80	2.31	$187
Feb 1998	0	95	13.95	2.30	$218
Jan 1998	0	89	14.70	2.15	$192
Dec 1997	0	74	16.32	2.41	$178
Nov 1997	0	73	18.19	3.09	$225
Oct 1997	0	89	19.25	3.15	$280
Sep 1997	182	89	17.74	2.95	$3,492
Aug 1997	0	96	17.86	2.55	$245
Jul 1997	0	96	17.58	2.25	$216
Jun 1997	0	87	17.24	2.26	$196
May 1997	0	80	18.97	2.31	$185
Apr 1997	0	98	17.88	2.08	$204
Mar 1997	164	99	18.95	1.94	$3,300
Feb 1997	0	89	20.49	2.21	$196
Jan 1997	0	118	23.48	3.54	$418
Dec 1996	0	112	23.32	—	$0
Nov 1996	0	109	21.97	—	$0
Oct 1996	145	110	23.31	—	$3,380
Sep 1996	0	104	22.22	—	$0
Aug 1996	0	107	20.26	—	$0
Jul 1996	0	102	19.55	—	$0
Jun 1996	0	115	18.73	—	$0
May 1996	0	122	19.43	—	$0
Apr 1996	0	121	21.51	—	$0
Mar 1996	208	136	19.38	—	$4,031
Feb 1996	0	137	16.98	—	$0
Jan 1996	0	129	17.07	—	$0
Dec 1995	0	130	17.19	—	$0
Nov 1995	0	127	16.00	—	$0
Oct 1995	0	132	15.43	—	$0
Sep 1995	167	127	16.18	—	$2,702
Aug 1995	0	117	15.92	—	$0
Jul 1995	0	130	15.24	—	$0
Jun 1995	0	133	16.41	—	$0
May 1995	0	113	17.56	—	$0
Apr 1995	206	111	17.73	—	$3,652
Mar 1995	0	107	16.44	—	$0
Feb 1995	0	106	16.58	—	$0
Jan 1995	0	99	15.92	—	$0
Dec 1994	167	103	15.03	—	$2,510
Nov 1994	0	110	15.90	—	$0
Oct 1994	0	123	15.58	—	$0
Sep 1994	274	120	15.29	—	$4,189
Aug 1994	0	98	16.13	—	$0
Jul 1994	0	123	17.56	—	$0
Jun 1994	0	145	17.09	—	$0
May 1994	199	126	15.88	—	$3,160
Apr 1994	0	143	14.14	—	$0
Mar 1994	0	141	12.46	—	$0
Feb 1994	223	126	12.50	—	$2,788
Jan 1994	0	139	12.66	—	$0
Dec 1993	0	152	12.33	—	$0
Nov 1993	161	137	14.49	—	$2,333
Oct 1993	0	161	15.85	—	$0
Sep 1993	0	171	15.03	—	$0
Aug 1993	143	153	15.66	—	$2,239
Jul 1993	0	159	15.46	—	$0
Jun 1993	185	147	16.79	—	$3,106
May 1993	0	161	17.68	—	$0
Apr 1993	178	149	18.05	—	$3,213
Mar 1993	0	155	18.14	—	$0
Feb 1993	0	132	17.90	—	$0
Jan 1993	284	158	16.93	—	$4,808

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.

Nov 2006 — as filed, then multipliedworked

Oil                  103 bbl  × $ 54.20 =     $5,583
Casinghead gas         0 Mcf  × $  7.62 =         $0

────────────────────────────────────────────────────
Month total                                   $5,583

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/28131 is the state's own key, not one this site invented.