KING

Name: KING lease production and value, Jul 1994 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by BORDERLINE OPERATING CORP. (P-5 82999) in the LANGSTON-KLEINER (STRAWN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 28838District 09Field 51982332OilCasinghead gasSave Export

Value, all time

$145 k

Jul 1994 – Jun 2007

Value, last 12 filed months

$9 k

at the published price for each month

Months reported

156

no gaps in the span

Streams

oil, casinghead gas

The LANGSTON-KLEINER (STRAWN) 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 58 leases and 183 wells, and the rule below applies to all of them.

Discovered

1950-11-30

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.

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	6,430 bbl	$143,821
Casinghead gas	Production	349 Mcf	$1,106
Total			$144,928

111 Mcf of this lease's gas, across 30 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 33.3238, -98.5005. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.32376, -98.50049 · 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%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

3,515 ft

1 wells filed one

Completion to plug

12.7 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 3,515 ft.

Completions filed

Jul 1994

1 of 1 wells

Plug dates filed

Mar 2007

1 of 1 wells

Last completion to plug: a median of 12.7 years across the 1 well that filed both dates, with the middle half between 12.7 years and 12.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-50340589	1	3,515 ft	Jul 1994	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 (156)

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

156 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	163	2	54.20	7.62	$8,850
Oct 2006	0	2	54.90	6.01	$12
Sep 2006	0	2	60.08	5.04	$10
Aug 2006	0	2	68.71	7.34	$15
Jul 2006	0	2	69.37	6.34	$13
Jun 2006	1	2	66.28	6.38	$79
May 2006	0	2	66.01	6.42	$13
Apr 2006	2	2	64.39	7.36	$144
Mar 2006	0	2	56.70	7.08	$14
Feb 2006	179	2	57.59	7.75	$10,324
Jan 2006	1	2	60.59	8.93	$78
Dec 2005	0	2	54.94	13.42	$27
Nov 2005	0	2	54.69	10.59	$21
Oct 2005	0	2	58.34	13.80	$28
Sep 2005	0	2	61.45	12.08	$24
Aug 2005	0	2	61.51	9.80	$20
Jul 2005	0	2	55.69	7.84	$16
Jun 2005	1	2	52.33	7.38	$67
May 2005	0	2	45.22	6.65	$13
Apr 2005	179	2	49.20	7.36	$8,822
Mar 2005	1	2	50.37	7.15	$65
Feb 2005	0	2	45.22	6.31	$13
Jan 2005	1	2	43.16	6.32	$56
Dec 2004	0	2	39.86	6.75	$14
Nov 2004	0	2	45.28	6.33	$13
Oct 2004	0	2	49.70	6.52	$13
Sep 2004	1	2	43.24	5.28	$54
Aug 2004	0	2	42.37	5.55	$11
Jul 2004	106	2	38.28	6.08	$4,070
Jun 2004	0	2	36.10	6.43	$13
May 2004	0	2	37.48	6.49	$13
Apr 2004	1	2	34.47	5.86	$46
Mar 2004	1	2	34.36	5.53	$45
Feb 2004	178	2	32.45	5.51	$5,787
Jan 2004	1	2	32.03	6.30	$45
Dec 2003	0	2	30.26	6.30	$13
Nov 2003	0	2	28.80	4.60	$9
Oct 2003	1	2	28.17	4.76	$38
Sep 2003	0	2	26.31	4.75	$10
Aug 2003	0	2	29.76	5.13	$10
Jul 2003	2	2	29.41	5.17	$69
Jun 2003	2	2	28.56	5.98	$69
May 2003	143	2	26.59	5.97	$3,814
Apr 2003	0	2	26.67	5.41	$11
Mar 2003	1	2	31.14	6.10	$43
Feb 2003	1	2	33.48	7.93	$49
Jan 2003	1	2	30.31	5.58	$41
Dec 2002	1	2	26.91	4.85	$37
Nov 2002	179	2	24.66	4.14	$4,422
Oct 2002	0	2	26.46	4.23	$8
Sep 2002	0	2	27.44	3.64	$7
Aug 2002	0	2	25.96	3.16	$6
Jul 2002	0	2	24.58	3.06	$6
Jun 2002	0	2	23.73	3.34	$7
May 2002	0	2	24.66	3.58	$7
Apr 2002	177	2	23.65	3.51	$4,193
Mar 2002	0	2	22.00	3.10	$6
Feb 2002	0	2	18.22	2.38	$5
Jan 2002	0	2	17.17	2.38	$5
Dec 2001	0	2	16.93	2.36	$5
Nov 2001	0	2	18.07	2.41	$5
Oct 2001	0	2	19.78	2.53	$5
Sep 2001	0	2	24.26	2.25	$5
Aug 2001	173	2	24.87	3.05	$4,309
Jul 2001	0	2	23.93	3.20	$6
Jun 2001	1	2	24.56	3.82	$32
May 2001	0	2	25.52	4.31	$9
Apr 2001	0	2	24.68	5.34	$11
Mar 2001	150	2	24.54	5.38	$3,692
Feb 2001	0	2	27.75	5.77	$12
Jan 2001	0	2	27.47	8.40	$17
Dec 2000	0	2	26.88	9.12	$18
Nov 2000	0	2	32.21	5.66	$11
Oct 2000	0	2	31.23	5.15	$10
Sep 2000	137	2	31.87	5.19	$4,377
Aug 2000	0	2	29.64	4.54	$9
Jul 2000	0	2	28.53	4.09	$8
Jun 2000	0	2	29.30	4.40	$9
May 2000	0	2	27.26	3.68	$7
Apr 2000	160	2	24.51	3.12	$3,928
Mar 2000	0	2	28.42	2.86	$6
Feb 2000	0	2	27.62	2.73	$5
Jan 2000	0	2	25.27	2.48	$5
Dec 1999	0	2	24.28	2.42	$5
Nov 1999	173	2	23.19	2.43	$4,017
Oct 1999	0	2	20.98	2.80	$6
Sep 1999	0	2	21.75	2.62	$5
Aug 1999	0	2	19.26	2.88	$6
Jul 1999	0	2	17.89	2.37	$5
Jun 1999	174	2	15.94	2.36	$2,778
May 1999	0	2	15.79	2.32	$5
Apr 1999	0	2	15.10	2.21	$4
Mar 1999	184	2	12.47	1.84	$2,298
Feb 1999	0	2	9.98	1.82	$4
Jan 1999	0	2	10.38	1.90	$4
Dec 1998	0	2	9.20	1.77	$4
Nov 1998	0	2	10.89	2.19	$4
Oct 1998	183	2	12.42	1.97	$2,277
Sep 1998	0	2	12.59	2.08	$4
Aug 1998	0	2	11.30	1.91	$4
Jul 1998	20	2	11.74	2.24	$239
Jun 1998	0	2	11.24	2.24	$4
May 1998	0	2	12.62	2.21	$4
Apr 1998	169	2	13.04	2.51	$2,209
Mar 1998	0	2	12.80	2.31	$5
Feb 1998	0	2	13.95	2.30	$5
Jan 1998	0	2	14.70	2.15	$4
Dec 1997	179	2	16.32	2.41	$2,926
Nov 1997	0	2	18.19	3.09	$6
Oct 1997	0	2	19.25	3.15	$6
Sep 1997	0	2	17.74	2.95	$6
Aug 1997	181	2	17.86	2.55	$3,238
Jul 1997	0	2	17.58	2.25	$4
Jun 1997	0	2	17.24	2.26	$5
May 1997	0	2	18.97	2.31	$5
Apr 1997	161	2	17.88	2.08	$2,883
Mar 1997	0	2	18.95	1.94	$4
Feb 1997	0	2	20.49	2.21	$4
Jan 1997	180	2	23.48	3.54	$4,233
Dec 1996	0	2	23.32	—	$0
Nov 1996	0	2	21.97	—	$0
Oct 1996	168	2	23.31	—	$3,916
Sep 1996	0	2	22.22	—	$0
Aug 1996	172	2	20.26	—	$3,485
Jul 1996	0	2	19.55	—	$0
Jun 1996	0	2	18.73	—	$0
May 1996	180	2	19.43	—	$3,497
Apr 1996	3	2	21.51	—	$65
Mar 1996	184	2	19.38	—	$3,566
Feb 1996	0	2	16.98	—	$0
Jan 1996	0	2	17.07	—	$0
Dec 1995	183	2	17.19	—	$3,146
Nov 1995	0	5	16.00	—	$0
Oct 1995	180	5	15.43	—	$2,777
Sep 1995	184	5	16.18	—	$2,977
Aug 1995	0	5	15.92	—	$0
Jul 1995	180	5	15.24	—	$2,743
Jun 1995	0	5	16.41	—	$0
May 1995	170	5	17.56	—	$2,985
Apr 1995	179	5	17.73	—	$3,174
Mar 1995	0	5	16.44	—	$0
Feb 1995	182	5	16.58	—	$3,018
Jan 1995	186	5	15.92	—	$2,961
Dec 1994	187	5	15.03	—	$2,811
Nov 1994	0	5	15.90	—	$0
Oct 1994	185	5	15.58	—	$2,882
Sep 1994	357	5	15.29	—	$5,459
Aug 1994	1	5	16.13	—	$16
Jul 1994	0	5	17.56	—	$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.

Nov 2006 — as filed, then multipliedworked

Oil                  163 bbl  × $ 54.20 =     $8,835
Casinghead gas         2 Mcf  × $  7.62 =        $15

────────────────────────────────────────────────────
Month total                                   $8,850

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/28838 is the state's own key, not one this site invented.