BUZZARD FARMS

Operated by STRAT LAND EXPLORATION COMPANY (P-5 825420) in the PAN PETRO (CLEVELAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 223973District 10Field 68735120CondensateGasSaveExport
Value, all time
$1.5 M
Jul 2006 – Apr 2020
Value, last 12 filed months
$5 k
at the published price for each month
Months reported
166
no gaps in the span
Streams
2
condensate, 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 965 leases and 1,339 wells, and the rule below applies to all of them.

Discovered
1974-03-21
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 40 acres. The field rule took effect on 2011-04-18.

The Commission's schedule remark for this field reads: PRORATION ACRES PLATS ARE REQUIRED.

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
CondensateDisposition236 bbl$15,212
GasProduction300,027 Mcf$1,524,414
Total$1,539,627

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 36.1707, -101.2134. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.17065, -101.21344 · 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
8,000 ft
1 wells filed one
Completion to plug
13.3 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 8,000 ft.

Completions filed
Jul 2006
1 of 1 wells
Plug dates filed
Oct 2019
1 of 1 wells

Last completion to plug: a median of 13.3 years across the 1 well that filed both dates, with the middle half between 13.3 years and 13.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-195315211968,000 ftJul 2006Oct 2019Yes

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 (166)

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

166 months

Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 201980059.012.30$4,721
Nov 20190055.302.75$0
Oct 201908853.472.42$213
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 201601,99141.553.10$6,173
Aug 201602,32641.442.92$6,802
Jul 2016085341.622.92$2,494
Jun 2016073245.352.69$1,966
May 2016038142.521.99$759
Apr 20160036.561.99$0
Mar 2016039033.011.79$700
Feb 2016096126.472.06$1,983
Jan 201601,30727.352.36$3,090
Dec 2015056832.362.00$1,137
Nov 2015062238.792.17$1,348
Oct 201502,17143.552.43$5,268
Sep 201502,12442.992.76$5,859
Aug 201502,56940.162.87$7,379
Jul 201503,28848.152.95$9,683
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 201501,33844.662.98$3,982
Jan 201501,47643.433.10$4,577
Dec 201402,37654.693.59$8,533
Nov 201402,09770.464.25$8,916
Oct 201408478.303.90$328
Sep 2014252,07386.164.05$10,540
Aug 201402,58089.394.04$10,411
Jul 201402,19396.564.18$9,166
Jun 201402,58298.164.74$12,231
May 201402,78994.734.73$13,182
Apr 201402,17295.944.81$10,445
Mar 201403,01895.895.06$15,261
Feb 201401,80997.406.19$11,201
Jan 201402,64390.404.86$12,847
Dec 201302,51491.824.35$10,947
Nov 201302,66488.853.74$9,959
Oct 201303,08497.423.78$11,656
Sep 201303,457104.113.72$12,852
Aug 201302,267104.253.52$7,986
Jul 201303,005102.523.72$11,172
Jun 201302,70494.403.93$10,636
May 201302,57094.834.15$10,663
Apr 201302,77293.964.28$11,871
Mar 201302,01993.623.91$7,900
Feb 201301,80691.233.42$6,176
Jan 201302,85891.603.42$9,774
Dec 201203,14686.773.42$10,760
Nov 201201,57686.953.62$5,713
Oct 201202,49789.383.40$8,489
Sep 201202,13894.672.92$6,240
Aug 201202,70992.662.91$7,878
Jul 201202,18585.133.02$6,600
Jun 201201,67979.822.52$4,229
May 201202,16991.612.49$5,397
Apr 201202,456101.652.00$4,904
Mar 201203,023105.052.22$6,717
Feb 201202,990101.102.57$7,685
Jan 201202,67198.092.73$7,303
Dec 201102,96396.873.24$9,599
Nov 201103,15995.723.31$10,460
Oct 201103,37084.983.65$12,296
Sep 201103,22083.623.99$12,834
Aug 201102,62183.404.15$10,875
Jul 201102,59094.144.52$11,700
Jun 201102,50192.904.64$11,604
May 201102,46798.134.40$10,867
Apr 201102,410105.964.33$10,443
Mar 201102,49296.364.06$10,111
Feb 201102,24885.644.18$9,397
Jan 201102,43786.504.59$11,183
Dec 201002,58885.734.35$11,252
Nov 201002,43680.843.80$9,245
Oct 201002,77378.103.51$9,730
Sep 201002,29572.633.98$9,133
Aug 2010613,43773.684.42$19,684
Jul 201002,85372.554.74$13,513
Jun 201003,07170.364.91$15,080
May 201002,29171.124.24$9,703
Apr 201002,26681.694.12$9,342
Mar 201002,47878.394.39$10,875
Feb 201002,28773.585.44$12,447
Jan 201002,37674.365.96$14,171
Dec 200902,47871.445.48$13,589
Nov 200902,49974.593.75$9,375
Oct 200902,68572.544.11$11,036
Sep 200902,64365.543.06$8,100
Aug 200902,75767.423.22$8,873
Jul 200902,82661.133.46$9,791
Jun 200902,67666.163.90$10,423
May 200902,93854.743.93$11,534
Apr 200902,88146.773.59$10,336
Mar 200902,98742.144.06$12,124
Feb 200902,66632.814.63$12,352
Jan 200902,78035.865.37$14,931
Dec 200802,50737.105.98$14,985
Nov 200802,70155.496.86$18,530
Oct 200803,18875.246.92$22,067
Sep 200803,066101.767.88$24,151
Aug 200803,110114.228.48$26,382
Jul 200803,335131.0811.39$37,984
Jun 200803,265131.3313.03$42,552
May 200803,062123.1711.57$35,440
Apr 200803,195110.3110.45$33,403
Mar 200803,129101.909.66$30,239
Feb 200802,74792.538.77$24,093
Jan 200803,19890.388.21$26,242
Dec 200702,99588.337.30$21,869
Nov 200703,30191.677.29$24,070
Oct 200703,70882.856.92$25,667
Sep 200703,64175.846.24$22,735
Aug 200703,71869.066.39$23,750
Jul 200703,87070.906.39$24,721
Jun 200703,73862.007.55$28,216
May 200704,03258.747.85$31,636
Apr 200703,81059.617.81$29,738
Mar 200704,23656.927.30$30,931
Feb 200701,03055.108.22$8,462
Jan 200704,38550.306.73$29,497
Dec 200604,56656.656.92$31,590
Nov 200604,40054.207.62$33,517
Oct 2006705,08954.906.01$34,447
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$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 2019 — as filed, then multipliedworked
Condensate            80 bbl  × $ 59.01 =     $4,721
Gas                    0 Mcf  × $  2.30 =         $0

────────────────────────────────────────────────────
Month total                                   $4,721

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. 10/G/223973 is the state's own key, not one this site invented.