OLAVE

Name: OLAVE lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by KAISER-FRANCIS OIL COMPANY (P-5 450175) in the SPARKS (TONKAWA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 3668District 10Field 84932500OilCasinghead gasSave Export

Value, all time

$1.3 M

Jan 1993 – May 2011

Value, last 12 filed months

at the published price for each month

Months reported

221

no gaps in the span

Streams

oil, casinghead gas

The SPARKS (TONKAWA) 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 27 leases and 34 wells, and the rule below applies to all of them.

Discovered

1965-08-26

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,320 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1966-11-03.

The Commission's schedule remark for this field reads: “CONSOLIDATED INTO FELDMAN (TONKAWA) EFF 9/29/09.”

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	13,191 bbl	$406,953
Casinghead gas	Production	239,690 Mcf	$853,331
Total			$1,260,284

65,080 Mcf of this lease's gas, across 41 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 36.0351, -100.2611. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.03511, -100.26110 · 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

0.0%

0 of 1 wells

Median depth

7,570 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

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

The one well that filed a depth was drilled to 7,570 ft.

Completions filed

Aug 1969

1 of 1 wells

1 well


42-21130011	1	7,570 ft	Aug 1969	—	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 (221)

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

221 months


May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	185	0	71.12	4.24	$13,157
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	191	0	72.54	4.11	$13,855
Sep 2009	0	1,170	65.54	3.06	$3,586
Aug 2009	0	1,223	67.42	3.22	$3,936
Jul 2009	0	1,218	61.13	3.46	$4,220
Jun 2009	189	1,210	66.16	3.90	$17,217
May 2009	0	1,262	54.74	3.93	$4,954
Apr 2009	189	1,247	46.77	3.59	$13,313
Mar 2009	0	1,248	42.14	4.06	$5,066
Feb 2009	0	1,187	32.81	4.63	$5,499
Jan 2009	0	1,264	35.86	5.37	$6,789
Dec 2008	0	1,249	37.10	5.98	$7,465
Nov 2008	0	1,205	55.49	6.86	$8,267
Oct 2008	189	1,268	75.24	6.92	$22,997
Sep 2008	0	1,239	101.76	7.88	$9,760
Aug 2008	0	1,281	114.22	8.48	$10,867
Jul 2008	0	1,267	131.08	11.39	$14,430
Jun 2008	0	1,109	131.33	13.03	$14,453
May 2008	0	1,135	123.17	11.57	$13,137
Apr 2008	0	1,061	110.31	10.45	$11,093
Mar 2008	0	897	101.90	9.66	$8,669
Feb 2008	0	41	92.53	8.77	$360
Jan 2008	409	0	90.38	8.21	$36,965
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	338	82.85	6.92	$2,340
Sep 2007	0	355	75.84	6.24	$2,217
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	32	58.74	7.85	$251
Apr 2007	0	852	59.61	7.81	$6,650
Mar 2007	199	1,097	56.92	7.30	$19,337
Feb 2007	0	136	55.10	8.22	$1,117
Jan 2007	0	524	50.30	6.73	$3,525
Dec 2006	0	1,527	56.65	6.92	$10,564
Nov 2006	0	1,484	54.20	7.62	$11,304
Oct 2006	400	1,605	54.90	6.01	$31,612
Sep 2006	0	1,582	60.08	5.04	$7,969
Aug 2006	0	930	68.71	7.34	$6,826
Jul 2006	0	1,668	69.37	6.34	$10,580
Jun 2006	0	1,722	66.28	6.38	$10,993
May 2006	0	1,280	66.01	6.42	$8,224
Apr 2006	390	481	64.39	7.36	$28,652
Mar 2006	0	1,424	56.70	7.08	$10,086
Feb 2006	0	1,435	57.59	7.75	$11,123
Jan 2006	0	1,654	60.59	8.93	$14,776
Dec 2005	0	1,767	54.94	13.42	$23,705
Nov 2005	0	227	54.69	10.59	$2,404
Oct 2005	0	283	58.34	13.80	$3,904
Sep 2005	0	1,156	61.45	12.08	$13,963
Aug 2005	402	1,489	61.51	9.80	$39,315
Jul 2005	0	1,274	55.69	7.84	$9,993
Jun 2005	0	1,535	52.33	7.38	$11,330
May 2005	0	938	45.22	6.65	$6,239
Apr 2005	0	958	49.20	7.36	$7,051
Mar 2005	0	1,110	50.37	7.15	$7,942
Feb 2005	0	988	45.22	6.31	$6,236
Jan 2005	370	180	43.16	6.32	$17,107
Dec 2004	0	1,075	39.86	6.75	$7,257
Nov 2004	0	1,306	45.28	6.33	$8,268
Oct 2004	0	1,226	49.70	6.52	$7,988
Sep 2004	0	1,337	43.24	5.28	$7,065
Aug 2004	0	1,337	42.37	5.55	$7,421
Jul 2004	180	1,287	38.28	6.08	$14,721
Jun 2004	0	1,300	36.10	6.43	$8,363
May 2004	0	1,188	37.48	6.49	$7,716
Apr 2004	0	1,180	34.47	5.86	$6,913
Mar 2004	0	807	34.36	5.53	$4,463
Feb 2004	0	358	32.45	5.51	$1,972
Jan 2004	200	1,202	32.03	6.30	$13,978
Dec 2003	0	1,225	30.26	6.30	$7,720
Nov 2003	0	1,228	28.80	4.60	$5,643
Oct 2003	169	1,308	28.17	4.76	$10,986
Sep 2003	0	1,317	26.31	4.75	$6,255
Aug 2003	0	1,220	29.76	5.13	$6,258
Jul 2003	0	1,286	29.41	5.17	$6,650
Jun 2003	194	1,046	28.56	5.98	$11,799
May 2003	0	1,362	26.59	5.97	$8,135
Apr 2003	0	1,247	26.67	5.41	$6,743
Mar 2003	178	1,332	31.14	6.10	$13,663
Feb 2003	0	1,208	33.48	7.93	$9,574
Jan 2003	0	1,299	30.31	5.58	$7,251
Dec 2002	190	1,347	26.91	4.85	$11,651
Nov 2002	0	1,221	24.66	4.14	$5,051
Oct 2002	0	1,398	26.46	4.23	$5,912
Sep 2002	196	1,288	27.44	3.64	$10,060
Aug 2002	0	1,379	25.96	3.16	$4,363
Jul 2002	0	1,414	24.58	3.06	$4,329
Jun 2002	195	1,414	23.73	3.34	$9,348
May 2002	0	1,417	24.66	3.58	$5,079
Apr 2002	0	1,343	23.65	3.51	$4,717
Mar 2002	196	1,122	22.00	3.10	$7,793
Feb 2002	0	886	18.22	2.38	$2,105
Jan 2002	0	1,124	17.17	2.38	$2,670
Dec 2001	0	1,297	16.93	2.36	$3,067
Nov 2001	0	768	18.07	2.41	$1,847
Oct 2001	202	885	19.78	2.53	$6,234
Sep 2001	0	1,332	24.26	2.25	$2,999
Aug 2001	0	1,172	24.87	3.05	$3,578
Jul 2001	0	1,316	23.93	3.20	$4,207
Jun 2001	201	1,358	24.56	3.82	$10,130
May 2001	0	1,405	25.52	4.31	$6,052
Apr 2001	0	1,306	24.68	5.34	$6,968
Mar 2001	198	0	24.54	5.38	$4,859
Feb 2001	0	986	27.75	5.77	$5,686
Jan 2001	0	1,327	27.47	8.40	$11,145
Dec 2000	196	1,180	26.88	9.12	$16,033
Nov 2000	0	1,305	32.21	5.66	$7,384
Oct 2000	0	1,423	31.23	5.15	$7,322
Sep 2000	186	1,346	31.87	5.19	$12,909
Aug 2000	0	879	29.64	4.54	$3,991
Jul 2000	201	1,384	28.53	4.09	$11,395
Jun 2000	0	1,303	29.30	4.40	$5,730
May 2000	0	1,348	27.26	3.68	$4,960
Apr 2000	0	1,048	24.51	3.12	$3,266
Mar 2000	0	1,260	28.42	2.86	$3,603
Feb 2000	199	1,200	27.62	2.73	$8,768
Jan 2000	189	1,235	25.27	2.48	$7,839
Dec 1999	0	1,126	24.28	2.42	$2,729
Nov 1999	0	1,222	23.19	2.43	$2,974
Oct 1999	205	1,070	20.98	2.80	$7,301
Sep 1999	202	1,283	21.75	2.62	$7,753
Aug 1999	0	1,182	19.26	2.88	$3,399
Jul 1999	200	1,191	17.89	2.37	$6,403
Jun 1999	0	1,015	15.94	2.36	$2,398
May 1999	0	1,141	15.79	2.32	$2,648
Apr 1999	0	1,142	15.10	2.21	$2,522
Mar 1999	0	1,066	12.47	1.84	$1,960
Feb 1999	0	809	9.98	1.82	$1,471
Jan 1999	0	850	10.38	1.90	$1,615
Dec 1998	0	706	9.20	1.77	$1,252
Nov 1998	182	558	10.89	2.19	$3,202
Oct 1998	0	429	12.42	1.97	$845
Sep 1998	0	0	12.59	2.08	$0
Aug 1998	0	716	11.30	1.91	$1,366
Jul 1998	0	1,606	11.74	2.24	$3,593
Jun 1998	0	1,771	11.24	2.24	$3,962
May 1998	193	1,742	12.62	2.21	$6,279
Apr 1998	190	1,688	13.04	2.51	$6,707
Mar 1998	0	1,918	12.80	2.31	$4,430
Feb 1998	0	1,698	13.95	2.30	$3,904
Jan 1998	195	1,636	14.70	2.15	$6,392
Dec 1997	0	1,573	16.32	2.41	$3,793
Nov 1997	190	1,608	18.19	3.09	$8,422
Oct 1997	0	1,469	19.25	3.15	$4,627
Sep 1997	172	1,517	17.74	2.95	$7,534
Aug 1997	0	1,691	17.86	2.55	$4,320
Jul 1997	204	1,686	17.58	2.25	$7,375
Jun 1997	204	1,767	17.24	2.26	$7,505
May 1997	0	1,896	18.97	2.31	$4,377
Apr 1997	0	1,683	17.88	2.08	$3,505
Mar 1997	201	1,876	18.95	1.94	$7,447
Feb 1997	0	1,643	20.49	2.21	$3,624
Jan 1997	193	1,727	23.48	3.54	$10,645
Dec 1996	0	1,715	23.32	—	$0
Nov 1996	198	1,701	21.97	—	$4,350
Oct 1996	0	1,652	23.31	—	$0
Sep 1996	204	1,425	22.22	—	$4,533
Aug 1996	190	1,747	20.26	—	$3,849
Jul 1996	0	1,751	19.55	—	$0
Jun 1996	0	1,793	18.73	—	$0
May 1996	200	1,770	19.43	—	$3,886
Apr 1996	0	1,158	21.51	—	$0
Mar 1996	181	1,840	19.38	—	$3,508
Feb 1996	198	1,769	16.98	—	$3,362
Jan 1996	0	1,677	17.07	—	$0
Dec 1995	185	1,729	17.19	—	$3,180
Nov 1995	0	1,820	16.00	—	$0
Oct 1995	188	1,976	15.43	—	$2,901
Sep 1995	0	1,941	16.18	—	$0
Aug 1995	196	2,029	15.92	—	$3,120
Jul 1995	0	1,704	15.24	—	$0
Jun 1995	189	1,910	16.41	—	$3,101
May 1995	192	2,018	17.56	—	$3,372
Apr 1995	189	1,328	17.73	—	$3,351
Mar 1995	0	1,948	16.44	—	$0
Feb 1995	0	1,727	16.58	—	$0
Jan 1995	180	1,151	15.92	—	$2,866
Dec 1994	181	2,147	15.03	—	$2,720
Nov 1994	0	2,237	15.90	—	$0
Oct 1994	189	2,285	15.58	—	$2,945
Sep 1994	190	1,528	15.29	—	$2,905
Aug 1994	0	661	16.13	—	$0
Jul 1994	141	1	17.56	—	$2,476
Jun 1994	0	0	17.09	—	$0
May 1994	0	0	15.88	—	$0
Apr 1994	0	0	14.14	—	$0
Mar 1994	0	0	12.46	—	$0
Feb 1994	0	0	12.50	—	$0
Jan 1994	0	0	12.66	—	$0
Dec 1993	0	0	12.33	—	$0
Nov 1993	0	1,603	14.49	—	$0
Oct 1993	177	1,649	15.85	—	$2,805
Sep 1993	0	1,638	15.03	—	$0
Aug 1993	186	1,727	15.66	—	$2,913
Jul 1993	0	1,803	15.46	—	$0
Jun 1993	187	1,610	16.79	—	$3,140
May 1993	0	1,826	17.68	—	$0
Apr 1993	155	1,090	18.05	—	$2,798
Mar 1993	193	101	18.14	—	$3,501
Feb 1993	0	185	17.90	—	$0
Jan 1993	188	1,710	16.93	—	$3,183

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.

May 2010 — as filed, then multipliedworked

Oil                  185 bbl  × $ 71.12 =    $13,157
Casinghead gas         0 Mcf  × $  4.24 =         $0

────────────────────────────────────────────────────
Month total                                  $13,157

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/O/3668 is the state's own key, not one this site invented.