WB OWEN

Name: WB OWEN lease production and value, Oct 2010 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by PETROBAL OMEGA 1, LLC (P-5 660307) in the KRS (MARBLE FALLS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 31796District 09Field 47941500OilCasinghead gasSave Export

Value, all time

$4.3 M

Oct 2010 – Sep 2019

Value, last 12 filed months

$286 k

at the published price for each month

Months reported

108

no gaps in the span

Streams

oil, casinghead gas

The KRS (MARBLE FALLS) 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 532 leases and 790 wells, and the rule below applies to all of them.

Discovered

2010-10-25

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 2015-08-25.

The Commission's schedule remark for this field reads: “LEASE PLAT;”

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	31,106 bbl	$2,780,268
Casinghead gas	Production	443,758 Mcf	$1,552,652
Total			$4,332,919

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 33.1444, -98.2110. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

33.14437, -98.21101 · 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

0.0%

0 of 2 wells

Median depth

5,791 ft

2 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

00.0%

BothOn the schedule and plugged. Neither fact cancels the other.

00.0%

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 5,701 and 5,880 ft, median 5,791 ft, over the 2 wells that filed a depth.

Completions filed

Oct 2010 – Feb 2015

2 of 2 wells

2 wells


42-23739792	B 2	5,701 ft	Feb 2015	—	Yes
42-23730424	1	5,880 ft	Oct 2010	—	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 (108)

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

108 months


Sep 2019	0	8,294	55.05	2.66	$22,039
Aug 2019	0	21,750	53.11	2.30	$50,120
Jul 2019	0	22,035	56.27	2.46	$54,207
Jun 2019	0	14,806	52.78	2.49	$36,885
May 2019	46	4,737	58.48	2.74	$15,671
Apr 2019	0	3,874	62.63	2.75	$10,656
Mar 2019	0	3,323	56.80	3.06	$10,175
Feb 2019	0	3,954	50.85	2.79	$11,040
Jan 2019	0	3,883	46.03	3.23	$12,535
Dec 2018	0	5,205	46.59	4.19	$21,785
Nov 2018	0	5,555	52.93	4.24	$23,538
Oct 2018	0	4,980	61.44	3.40	$16,922
Sep 2018	0	5,118	59.54	3.11	$15,907
Aug 2018	0	5,931	59.40	3.07	$18,188
Jul 2018	0	5,444	65.14	2.93	$15,961
Jun 2018	0	5,699	60.18	3.08	$17,535
May 2018	0	5,788	65.38	2.90	$16,790
Apr 2018	0	5,558	63.84	2.90	$16,123
Mar 2018	0	5,890	61.22	2.79	$16,414
Feb 2018	0	5,767	61.78	2.77	$15,952
Jan 2018	0	5,892	62.87	4.01	$23,623
Dec 2017	0	6,759	57.27	2.92	$19,747
Nov 2017	0	6,438	55.42	3.12	$20,076
Oct 2017	0	7,097	49.29	2.98	$21,175
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	58	45.37	3.00	$174
Jul 2017	0	8	43.87	3.09	$25
Jun 2017	0	60	42.49	3.09	$185
May 2017	0	45	45.37	3.26	$147
Apr 2017	0	31	47.93	3.21	$100
Mar 2017	0	18	46.77	2.98	$54
Feb 2017	0	12	50.45	2.95	$35
Jan 2017	0	5	49.41	3.42	$17
Dec 2016	0	5	48.76	3.72	$19
Nov 2016	0	6	42.49	2.64	$16
Oct 2016	0	33	46.19	3.09	$102
Sep 2016	0	34	41.55	3.10	$105
Aug 2016	0	40	41.44	2.92	$117
Jul 2016	0	317	41.62	2.92	$927
Jun 2016	0	592	45.35	2.69	$1,590
May 2016	0	268	42.52	1.99	$534
Apr 2016	0	807	36.56	1.99	$1,607
Mar 2016	43	515	33.01	1.79	$2,343
Feb 2016	0	1,468	26.47	2.06	$3,029
Jan 2016	79	1,513	27.35	2.36	$5,738
Dec 2015	0	1,304	32.36	2.00	$2,610
Nov 2015	0	1,436	38.79	2.17	$3,112
Oct 2015	0	1,435	43.55	2.43	$3,482
Sep 2015	166	1,406	42.99	2.76	$11,015
Aug 2015	0	1,068	40.16	2.87	$3,068
Jul 2015	0	1,432	48.15	2.95	$4,217
Jun 2015	0	1,414	56.15	2.88	$4,076
May 2015	0	1,317	55.21	2.96	$3,892
Apr 2015	165	1,599	49.82	2.71	$12,548
Mar 2015	0	1,761	42.89	2.93	$5,168
Feb 2015	167	1,463	44.66	2.98	$11,812
Jan 2015	0	5,861	43.43	3.10	$18,173
Dec 2014	348	8,802	54.69	3.59	$50,643
Nov 2014	0	9,693	70.46	4.25	$41,213
Oct 2014	311	10,178	78.30	3.90	$64,055
Sep 2014	359	10,675	86.16	4.05	$74,117
Aug 2014	577	10,102	89.39	4.04	$92,341
Jul 2014	184	8,178	96.56	4.18	$51,948
Jun 2014	169	6,635	98.16	4.74	$48,018
May 2014	0	3,178	94.73	4.73	$15,021
Apr 2014	181	3,940	95.94	4.81	$36,313
Mar 2014	348	5,855	95.89	5.06	$62,977
Feb 2014	173	5,133	97.40	6.19	$48,634
Jan 2014	316	7,828	90.40	4.86	$66,616
Dec 2013	514	10,305	91.82	4.35	$92,068
Nov 2013	663	12,800	88.85	3.74	$106,758
Oct 2013	1,226	14,901	97.42	3.78	$175,753
Sep 2013	860	3,778	104.11	3.72	$103,580
Aug 2013	176	2,525	104.25	3.52	$27,243
Jul 2013	339	4,615	102.52	3.72	$51,912
Jun 2013	718	4,600	94.40	3.93	$85,873
May 2013	523	3,656	94.83	4.15	$64,765
Apr 2013	696	3,128	93.96	4.28	$78,792
Mar 2013	523	3,372	93.62	3.91	$62,157
Feb 2013	677	2,981	91.23	3.42	$71,957
Jan 2013	858	3,426	91.60	3.42	$90,309
Dec 2012	859	3,941	86.77	3.42	$88,014
Nov 2012	1,038	4,369	86.95	3.62	$106,092
Oct 2012	1,119	4,361	89.38	3.40	$114,842
Sep 2012	862	6,270	94.67	2.92	$99,904
Aug 2012	699	6,287	92.66	2.91	$83,053
Jul 2012	498	3,235	85.13	3.02	$52,167
Jun 2012	70	1,169	79.82	2.52	$8,532
May 2012	168	1,034	91.61	2.49	$17,963
Apr 2012	198	957	101.65	2.00	$22,038
Mar 2012	337	602	105.05	2.22	$36,740
Feb 2012	0	147	101.10	2.57	$378
Jan 2012	0	47	98.09	2.73	$129
Dec 2011	0	30	96.87	3.24	$97
Nov 2011	115	3	95.72	3.31	$11,018
Oct 2011	264	27	84.98	3.65	$22,533
Sep 2011	119	83	83.62	3.99	$10,282
Aug 2011	263	741	83.40	4.15	$25,009
Jul 2011	703	1,960	94.14	4.52	$75,034
Jun 2011	305	581	92.90	4.64	$31,030
May 2011	555	1,231	98.13	4.40	$59,884
Apr 2011	1,012	2,121	105.96	4.33	$116,422
Mar 2011	1,393	6,154	96.36	4.06	$159,198
Feb 2011	1,546	6,213	85.64	4.18	$158,370
Jan 2011	2,280	10,557	86.50	4.59	$245,664
Dec 2010	2,502	12,527	85.73	4.35	$268,961
Nov 2010	2,257	6,147	80.84	3.80	$205,786
Oct 2010	539	1,572	78.10	3.51	$47,612

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.

Sep 2019 — as filed, then multipliedworked

Oil                    0 bbl  × $ 55.05 =         $0
Casinghead gas     8,294 Mcf  × $  2.66 =    $22,039

────────────────────────────────────────────────────
Month total                                  $22,039

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/31796 is the state's own key, not one this site invented.