COWAN-MCKINNEY "A"

Operated by FARMER OPERATING, LLC (P-5 262463) in the JEAN, NW. (CADDO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 28185District 09Field 46009333OilCasinghead gasSaveExport
Value, all time
$495 k
Jan 1993 – Jul 2009
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
199
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 74 wells, and the rule below applies to all of them.

Discovered
1961-07-29
as the register files it
Field class
Oil
the register's own label
Between wells
660 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 2018-01-23.

The Commission's schedule remark for this field reads: EFFECTIVE DATE 1/23/18.

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
OilDisposition19,397 bbl$494,647
Casinghead gasProduction21 Mcf$0
Total$494,647

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 (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 33.4256, -98.6327. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.42564, -98.63272 · 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
4,715 ft
1 wells filed one
Completion to plug
17.3 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 4,715 ft.

Completions filed
Nov 1991
1 of 1 wells
Plug dates filed
Mar 2009
1 of 1 wells

Last completion to plug: a median of 17.3 years across the 1 well that filed both dates, with the middle half between 17.3 years and 17.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-0094054314,715 ftNov 1991Mar 2009Yes

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 (199)

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

199 months

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 200972032.814.63$2,362
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 20081760123.1711.57$21,678
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 2008169092.538.77$15,638
Jan 20080090.388.21$0
Dec 2007182088.337.30$16,076
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 2007175069.066.39$12,086
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 2007179059.617.81$10,670
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 2007182050.306.73$9,155
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 2006179054.906.01$9,827
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 2006166066.286.38$11,002
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 2006172056.707.08$9,752
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 2005183054.9413.42$10,054
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 2005180061.4512.08$11,061
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 2005179052.337.38$9,367
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 2005183050.377.15$9,218
Feb 20050045.226.31$0
Jan 2005179043.166.32$7,726
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 2004174043.245.28$7,524
Aug 20040042.375.55$0
Jul 2004178038.286.08$6,814
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 2004161034.475.86$5,550
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 2004186032.036.30$5,958
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 2003141028.174.76$3,972
Sep 20030026.314.75$0
Aug 2003178029.765.13$5,297
Jul 20030029.415.17$0
Jun 2003171028.565.98$4,884
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 2003182031.146.10$5,667
Feb 20030033.487.93$0
Jan 2003170030.315.58$5,153
Dec 20020026.914.85$0
Nov 2002183024.664.14$4,513
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 2002179025.963.16$4,647
Jul 20020024.583.06$0
Jun 2002178023.733.34$4,224
May 20020024.663.58$0
Apr 2002184023.653.51$4,352
Mar 20020022.003.10$0
Feb 2002183018.222.38$3,334
Jan 20020017.172.38$0
Dec 2001177016.932.36$2,997
Nov 20010018.072.41$0
Oct 2001160019.782.53$3,165
Sep 20010024.262.25$0
Aug 2001178024.873.05$4,427
Jul 20010023.933.20$0
Jun 2001163024.563.82$4,003
May 20010025.524.31$0
Apr 2001183024.685.34$4,516
Mar 20010024.545.38$0
Feb 2001175027.755.77$4,856
Jan 2001162027.478.40$4,450
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 2000163031.235.15$5,090
Sep 20000031.875.19$0
Aug 2000177029.644.54$5,246
Jul 20000028.534.09$0
Jun 2000167029.304.40$4,893
May 20000027.263.68$0
Apr 2000179024.513.12$4,387
Mar 20000028.422.86$0
Feb 2000179027.622.73$4,944
Jan 20000025.272.48$0
Dec 1999183024.282.42$4,443
Nov 1999176023.192.43$4,081
Oct 19990020.982.80$0
Sep 1999163021.752.62$3,545
Aug 19990019.262.88$0
Jul 1999173017.892.37$3,095
Jun 1999179015.942.36$2,853
May 19990015.792.32$0
Apr 1999174015.102.21$2,627
Mar 1999186012.471.84$2,319
Feb 1999009.981.82$0
Jan 1999185010.381.90$1,920
Dec 199818109.201.77$1,665
Nov 19980010.892.19$0
Oct 1998180012.421.97$2,236
Sep 1998177012.592.08$2,228
Aug 19980011.301.91$0
Jul 1998170011.742.24$1,996
Jun 1998182011.242.24$2,046
May 1998186012.622.21$2,347
Apr 19980013.042.51$0
Mar 1998178012.802.31$2,278
Feb 1998186013.952.30$2,595
Jan 1998180014.702.15$2,646
Dec 19971016.322.41$16
Nov 1997179018.193.09$3,256
Oct 1997158019.253.15$3,042
Sep 1997363017.742.95$6,440
Aug 19970017.862.55$0
Jul 1997356017.582.25$6,258
Jun 19972017.242.26$34
May 1997160018.972.31$3,035
Apr 1997180017.882.08$3,218
Mar 19970018.951.94$0
Feb 1997167020.492.21$3,422
Jan 1997176023.483.54$4,132
Dec 1996184023.32$4,291
Nov 19960021.97$0
Oct 1996176023.31$4,103
Sep 1996185022.22$4,111
Aug 1996179020.26$3,627
Jul 19960019.55$0
Jun 1996148018.73$2,772
May 1996172019.43$3,342
Apr 1996183021.51$3,936
Mar 1996166019.38$3,217
Feb 19960016.98$0
Jan 1996160017.07$2,731
Dec 1995142017.19$2,441
Nov 1995172016.00$2,752
Oct 1995177015.43$2,731
Sep 1995166016.18$2,686
Aug 1995177015.92$2,818
Jul 1995177015.24$2,697
Jun 1995157016.41$2,576
May 19950017.56$0
Apr 1995171017.73$3,032
Mar 1995167016.44$2,745
Feb 1995179016.58$2,968
Jan 1995179015.92$2,850
Dec 1994179015.03$2,690
Nov 1994184015.90$2,926
Oct 19940015.58$0
Sep 1994159115.29$2,431
Aug 1994177116.13$2,855
Jul 1994182117.56$3,196
Jun 1994180117.09$3,076
May 1994161115.88$2,557
Apr 1994168114.14$2,376
Mar 1994177112.46$2,205
Feb 1994180112.50$2,250
Jan 1994163112.66$2,064
Dec 1993351112.33$4,328
Nov 1993161114.49$2,333
Oct 19930115.85$0
Sep 1993179115.03$2,690
Aug 1993177115.66$2,772
Jul 1993312115.46$4,824
Jun 1993177116.79$2,972
May 1993157117.68$2,776
Apr 19930118.05$0
Mar 1993357118.14$6,476
Feb 1993177117.90$3,168
Jan 1993174116.93$2,946

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.

Feb 2009 — as filed, then multipliedworked
Oil                   72 bbl  × $ 32.81 =     $2,362
Casinghead gas         0 Mcf  × $  4.63 =         $0

────────────────────────────────────────────────────
Month total                                   $2,362

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/28185 is the state's own key, not one this site invented.