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LAKE

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

Oil lease lease 32151District 09Field 55050333OilCasinghead gasSaveExport
Value, all time
$7.3 M
May 2012 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
169
no gaps in the span
Streams
2
oil, casinghead gas

The LOST VALLEY (CADDO) 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 62 leases and 99 wells, and the rule below applies to all of them.

Discovered
1971-12-30
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 1997-10-01.

The Commission's schedule remark for this field reads: “PSEUDO RULES BUILT TO ACCOMMODATE MITCHELL'S HORIZ. WELL”

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
OilDisposition70,005 bbl$6,051,723
Casinghead gasProduction343,439 Mcf$1,222,709
Total$7,274,432

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 33.2679, -98.3581. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

33.26794, -98.35813 · 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
0.0%
0 of 2 wells
With a plug date
0.0%
0 of 2 wells
Median depth
5,094 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
00.0%
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.
2100.0%

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 5,038 and 5,150 ft, median 5,094 ft, over the 2 wells that filed a depth.

Completions filed
Jan 2012 – May 2012
2 of 2 wells

2 wells

42-2373952925,150 ftMay 2012——
42-2373944615,038 ftJan 2012——

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 (169)

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

169 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 2024164068.993.12$11,314
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20241075.632.06$76
Jul 2024116079.932.15$9,272
Jun 20240078.082.63$0
May 202469078.812.20$5,438
Apr 20240084.451.66$0
Mar 2024107080.301.55$8,592
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 2023166071.262.61$11,829
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 2023176080.522.67$14,172
Jul 20230074.852.64$0
Jun 20231068.962.26$69
May 20230070.622.23$0
Apr 2023163078.122.24$12,734
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 2022179076.415.73$13,677
Nov 2022026185.005.65$1,474
Oct 2022020087.185.86$1,173
Sep 2022030084.888.16$2,449
Aug 202218131094.529.13$19,938
Jul 20220260101.587.54$1,961
Jun 20220315115.097.98$2,513
May 20220330109.378.43$2,783
Apr 2022174490104.226.84$21,485
Mar 20220469108.885.08$2,381
Feb 2022048091.054.86$2,332
Jan 2022053081.844.54$2,405
Dec 2021058071.323.90$2,261
Nov 202133360077.435.24$28,926
Oct 2021062079.795.71$3,543
Sep 2021058069.865.35$3,104
Aug 2021061966.024.22$2,613
Jul 202116667070.783.98$14,417
Jun 2021066069.493.38$2,231
May 2021067063.483.02$2,022
Apr 2021066860.362.76$1,843
Mar 202117771361.302.72$12,787
Feb 2021033457.805.55$1,853
Jan 2021065950.412.81$1,852
Dec 202029765344.642.68$15,005
Nov 2020067538.772.71$1,827
Oct 2020070936.972.48$1,757
Sep 202017971937.091.99$8,071
Aug 2020075339.982.39$1,796
Jul 2020079238.371.83$1,446
Jun 202027663734.901.69$10,709
May 2020075216.921.81$1,365
Apr 2020071314.751.80$1,287
Mar 2020176430.341.86$1,449
Feb 202018471849.881.98$10,600
Jan 2020080657.252.09$1,688
Dec 2019087759.012.30$2,021
Nov 20197953855.302.75$5,849
Oct 2019086753.472.42$2,097
Sep 201917585355.052.66$11,900
Aug 201901,03953.112.30$2,394
Jul 20192301,22856.272.46$15,963
Jun 201901,49552.782.49$3,724
May 201901,55758.482.74$4,267
Apr 20191771,52862.632.75$15,289
Mar 201901,62856.803.06$4,985
Feb 20191751,45750.852.79$12,967
Jan 201901,58446.033.23$5,113
Dec 201801,57246.594.19$6,580
Nov 20181611,70452.934.24$15,742
Oct 20181721,67461.443.40$16,256
Sep 201801,74359.543.11$5,417
Aug 2018551,68559.403.07$8,434
Jul 201801,38365.142.93$4,055
Jun 20181561,56960.183.08$14,216
May 201801,76865.382.90$5,129
Apr 20181741,71663.842.90$16,086
Mar 20181711,82561.222.79$15,555
Feb 201801,52761.782.77$4,224
Jan 20181741,72862.874.01$17,867
Dec 201701,81757.272.92$5,308
Nov 20171681,55955.423.12$14,172
Oct 2017531,57049.292.98$7,297
Sep 201701,35047.523.09$4,168
Aug 201701,50045.373.00$4,507
Jul 201701,49543.873.09$4,615
Jun 20171481,80042.493.09$11,846
May 201701,65045.373.26$5,385
Apr 20171181,80047.933.21$11,437
Mar 201701,21046.772.98$3,610
Feb 201701,08050.452.95$3,189
Jan 2017731,55049.413.42$8,906
Dec 2016651,44048.763.72$8,530
Nov 2016941,65042.492.64$8,357
Oct 20161721,63646.193.09$13,000
Sep 201602,03241.553.10$6,300
Aug 20161362,10841.442.92$11,800
Jul 2016902,32541.622.92$10,545
Jun 20166872045.352.69$5,018
May 20161561,95042.521.99$10,516
Apr 2016962,08536.561.99$7,661
Mar 20161472,17033.011.79$8,745
Feb 20161711,77126.472.06$8,181
Jan 20161611,95327.352.36$9,021
Dec 20151672,07532.362.00$9,557
Nov 20151722,16038.792.17$11,353
Oct 20153492,91343.552.43$22,268
Sep 201502,61442.992.76$7,211
Aug 20151672,99740.162.87$15,316
Jul 20151692,40048.152.95$15,206
Jun 20153402,65056.152.88$26,731
May 20153372,51455.212.96$26,036
Apr 20151712,67949.822.71$15,770
Mar 20153393,46942.892.93$24,720
Feb 20153402,98744.662.98$24,074
Jan 20151693,17243.433.10$17,175
Dec 20143434,18654.693.59$33,792
Nov 20141714,68670.464.25$31,973
Oct 20145144,91578.303.90$59,419
Sep 20145076,05486.164.05$68,174
Aug 20145095,88289.394.04$69,234
Jul 20145005,88696.564.18$72,881
Jun 20146806,06498.164.74$95,473
May 20148507,43694.734.73$115,667
Apr 20146866,41095.944.81$96,641
Mar 20141,3576,99295.895.06$165,480
Feb 20144984,65197.406.19$77,304
Jan 20141,1776,24990.404.86$136,775
Dec 20131,5347,36191.824.35$172,905
Nov 20131,3549,03288.853.74$154,067
Oct 20131,70610,19197.423.78$204,714
Sep 20131,69910,222104.113.72$214,886
Aug 20131,86810,776104.253.52$232,699
Jul 20132,20010,129102.523.72$263,201
Jun 20132,2032,78594.403.93$218,918
May 20133,2117,71994.834.15$336,526
Apr 20133,0559,91993.964.28$329,527
Mar 20133,7297,99293.623.91$380,381
Feb 20132,2206,33891.233.42$224,206
Jan 20131,6812,37091.603.42$162,085
Dec 20122,3904,69086.773.42$223,421
Nov 20122,8985,87386.953.62$273,270
Oct 20123,5517,50789.383.40$342,910
Sep 20123,5859,05694.672.92$365,821
Aug 20124,40110,18092.662.91$437,402
Jul 20124,79111,18685.133.02$441,649
Jun 20124,4923,29779.822.52$366,857
May 20120091.612.49$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.

Dec 2024 — as filed, then multipliedworked
Oil                  164 bbl  × $ 68.99 =    $11,314
Casinghead gas         0 Mcf  × $  3.12 =         $0

────────────────────────────────────────────────────
Month total                                  $11,314

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/32151 is the state's own key, not one this site invented.