OLSON, VALENA P.

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

Operated by VAN OPERATING, LTD. (P-5 881442) in the KEELER-WIMBERLY,N(SWASTIKA 3680) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 10399District 7BField 48424500OilCasinghead gasSave Export

Value, all time

$483 k

Jan 1993 – Apr 2004

Value, last 12 filed months

$2 k

at the published price for each month

Months reported

136

no gaps in the span

Streams

oil, casinghead gas

The KEELER-WIMBERLY,N(SWASTIKA 3680) 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 4 leases and 4 wells, and the rule below applies to all of them.

Discovered

1966-08-22

as the register files it

Field class

Oil and gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

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	26,774 bbl	$460,110
Casinghead gas	Production	23,742 Mcf	$23,229
Total			$483,339

13,723 Mcf of this lease's gas, across 48 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 32.9083, -100.1741. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.90830, -100.17407 · 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

3,730 ft

1 wells filed one

Completion to plug

37.1 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 3,730 ft.

Completions filed

Aug 1966

1 of 1 wells

Plug dates filed

Sep 2003

1 of 1 wells

Last completion to plug: a median of 37.1 years across the 1 well that filed both dates, with the middle half between 37.1 years and 37.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-15110330	1	3,730 ft	Aug 1966	Sep 2003	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 (136)

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

136 months


Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	87	0	28.56	5.98	$2,485
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	187	0	31.14	6.10	$5,823
Feb 2003	53	0	33.48	7.93	$1,774
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	116	0	25.96	3.16	$3,011
Jul 2002	62	0	24.58	3.06	$1,524
Jun 2002	117	0	23.73	3.34	$2,776
May 2002	123	0	24.66	3.58	$3,033
Apr 2002	227	0	23.65	3.51	$5,369
Mar 2002	223	0	22.00	3.10	$4,906
Feb 2002	242	0	18.22	2.38	$4,409
Jan 2002	84	0	17.17	2.38	$1,442
Dec 2001	97	0	16.93	2.36	$1,642
Nov 2001	70	0	18.07	2.41	$1,265
Oct 2001	124	0	19.78	2.53	$2,453
Sep 2001	38	0	24.26	2.25	$922
Aug 2001	182	0	24.87	3.05	$4,526
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	0	25.52	4.31	$0
Apr 2001	114	0	24.68	5.34	$2,814
Mar 2001	118	0	24.54	5.38	$2,896
Feb 2001	121	0	27.75	5.77	$3,358
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	122	0	26.88	9.12	$3,279
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	0	0	31.23	5.15	$0
Sep 2000	105	0	31.87	5.19	$3,346
Aug 2000	0	0	29.64	4.54	$0
Jul 2000	0	9	28.53	4.09	$37
Jun 2000	0	59	29.30	4.40	$259
May 2000	0	30	27.26	3.68	$110
Apr 2000	123	0	24.51	3.12	$3,015
Mar 2000	0	30	28.42	2.86	$86
Feb 2000	123	39	27.62	2.73	$3,504
Jan 2000	0	66	25.27	2.48	$164
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	121	46	23.19	2.43	$2,918
Oct 1999	0	153	20.98	2.80	$429
Sep 1999	122	211	21.75	2.62	$3,206
Aug 1999	120	150	19.26	2.88	$2,743
Jul 1999	121	291	17.89	2.37	$2,855
Jun 1999	0	249	15.94	2.36	$588
May 1999	292	268	15.79	2.32	$5,233
Apr 1999	57	383	15.10	2.21	$1,706
Mar 1999	346	334	12.47	1.84	$4,929
Feb 1999	580	234	9.98	1.82	$6,214
Jan 1999	0	225	10.38	1.90	$427
Dec 1998	379	300	9.20	1.77	$4,019
Nov 1998	543	349	10.89	2.19	$6,676
Oct 1998	261	245	12.42	1.97	$3,724
Sep 1998	240	550	12.59	2.08	$4,167
Aug 1998	462	354	11.30	1.91	$5,896
Jul 1998	362	247	11.74	2.24	$4,802
Jun 1998	358	363	11.24	2.24	$4,836
May 1998	522	282	12.62	2.21	$7,210
Apr 1998	378	342	13.04	2.51	$5,786
Mar 1998	389	308	12.80	2.31	$5,691
Feb 1998	0	237	13.95	2.30	$545
Jan 1998	410	297	14.70	2.15	$6,667
Dec 1997	521	121	16.32	2.41	$8,794
Nov 1997	353	62	18.19	3.09	$6,613
Oct 1997	213	134	19.25	3.15	$4,522
Sep 1997	316	251	17.74	2.95	$6,348
Aug 1997	313	341	17.86	2.55	$6,461
Jul 1997	350	367	17.58	2.25	$6,978
Jun 1997	353	403	17.24	2.26	$6,995
May 1997	355	401	18.97	2.31	$7,660
Apr 1997	427	379	17.88	2.08	$8,424
Mar 1997	118	268	18.95	1.94	$2,756
Feb 1997	356	274	20.49	2.21	$7,899
Jan 1997	360	367	23.48	3.54	$9,752
Dec 1996	246	437	23.32	—	$5,737
Nov 1996	462	366	21.97	—	$10,150
Oct 1996	471	365	23.31	—	$10,979
Sep 1996	357	275	22.22	—	$7,933
Aug 1996	237	244	20.26	—	$4,802
Jul 1996	426	419	19.55	—	$8,328
Jun 1996	115	149	18.73	—	$2,154
May 1996	201	209	19.43	—	$3,905
Apr 1996	549	245	21.51	—	$11,809
Mar 1996	227	203	19.38	—	$4,399
Feb 1996	314	260	16.98	—	$5,332
Jan 1996	437	222	17.07	—	$7,460
Dec 1995	300	235	17.19	—	$5,157
Nov 1995	203	2	16.00	—	$3,248
Oct 1995	288	274	15.43	—	$4,444
Sep 1995	204	455	16.18	—	$3,301
Aug 1995	237	418	15.92	—	$3,773
Jul 1995	201	267	15.24	—	$3,063
Jun 1995	256	345	16.41	—	$4,201
May 1995	256	174	17.56	—	$4,495
Apr 1995	169	321	17.73	—	$2,996
Mar 1995	329	282	16.44	—	$5,409
Feb 1995	220	192	16.58	—	$3,648
Jan 1995	106	136	15.92	—	$1,688
Dec 1994	329	262	15.03	—	$4,945
Nov 1994	329	323	15.90	—	$5,231
Oct 1994	364	302	15.58	—	$5,671
Sep 1994	133	120	15.29	—	$2,034
Aug 1994	331	166	16.13	—	$5,339
Jul 1994	261	195	17.56	—	$4,583
Jun 1994	500	202	17.09	—	$8,545
May 1994	377	247	15.88	—	$5,987
Apr 1994	294	238	14.14	—	$4,157
Mar 1994	267	199	12.46	—	$3,327
Feb 1994	269	184	12.50	—	$3,363
Jan 1994	274	227	12.66	—	$3,469
Dec 1993	185	167	12.33	—	$2,281
Nov 1993	304	223	14.49	—	$4,405
Oct 1993	305	262	15.85	—	$4,834
Sep 1993	206	287	15.03	—	$3,096
Aug 1993	303	469	15.66	—	$4,745
Jul 1993	199	364	15.46	—	$3,077
Jun 1993	300	367	16.79	—	$5,037
May 1993	207	571	17.68	—	$3,660
Apr 1993	313	542	18.05	—	$5,650
Mar 1993	319	471	18.14	—	$5,787
Feb 1993	217	412	17.90	—	$3,884
Jan 1993	421	428	16.93	—	$7,128

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.

Jun 2003 — as filed, then multipliedworked

Oil                   87 bbl  × $ 28.56 =     $2,485
Casinghead gas         0 Mcf  × $  5.98 =         $0

────────────────────────────────────────────────────
Month total                                   $2,485

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. 7B/O/10399 is the state's own key, not one this site invented.