LASSETTER, W.B.

Operated by STEPHENS & JOHNSON OPERATING CO. (P-5 817555) in the BETTY DELL (FLIPPEN LIME) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 14120District 7BField 07614500OilCasinghead gasSaveExport
Value, all time
$154 k
Jan 1993 – Dec 2006
Value, last 12 filed months
$15 k
at the published price for each month
Months reported
168
no gaps in the span
Streams
2
oil, casinghead 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 5 leases and 12 wells, and the rule below applies to all of them.

Discovered
1953-01-20
as the register files it
Field class
Oil
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.

StreamBasisVolumeValue
OilDisposition6,496 bbl$154,106
Casinghead gasProduction18 Mcf$0
Total$154,106

18 Mcf of this lease's gas, across 18 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 (4)

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 32.8613, -99.8635. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

32.86106, -99.86356 · 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%
4 of 4 wells
With a plug date
100.0%
4 of 4 wells
Median depth
2,315 ft
4 wells filed one
Completion to plug
25.0 years
median over 4 wells

What the state filed about each well

On the RRC proration schedule
4100.0%
A plug date is filed
4100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
4100.0%
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 2,310 and 2,727 ft, median 2,315 ft, over the 4 wells that filed a depth.

Completions filed
Jan 1978 – May 1983
4 of 4 wells
Plug dates filed
Feb 2003 – Oct 2006
4 of 4 wells

Last completion to plug: a median of 25.0 years across the 4 wells that filed both dates, with the middle half between 21.8 years and 27.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-2533258842,311 ftMay 1983Feb 2003Yes
42-2533153732,318 ftAug 1980Feb 2003Yes
42-2533106222,310 ftNov 1978May 2006Yes
42-2533096912,727 ftJan 1978Oct 2006Yes

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 (168)

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

168 months

Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 200672054.906.01$3,953
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 2006173066.016.42$11,420
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 2005186058.3413.80$10,851
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 2005174050.377.15$8,764
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 2004183043.245.28$7,913
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 2004172034.365.53$5,910
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 2003186028.174.76$5,240
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 2003178026.675.41$4,747
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 2002180025.963.16$4,673
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 2001174018.072.41$3,144
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 2001162024.563.82$3,979
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 2001160027.478.40$4,395
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 2000165029.644.54$4,891
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 2000169027.263.68$4,607
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 2000171025.272.48$4,321
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 1999172019.262.88$3,313
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 1999168015.102.21$2,537
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 199818109.201.77$1,665
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 1998163011.301.91$1,842
Jul 19980011.742.24$0
Jun 1998159011.242.24$1,787
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 1998167013.952.30$2,330
Jan 19980014.702.15$0
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 1997170019.253.15$3,273
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 1997168017.242.26$2,896
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 19970018.951.94$0
Feb 1997164020.492.21$3,360
Jan 19970023.483.54$0
Dec 19960023.32$0
Nov 19960021.97$0
Oct 1996162023.31$3,776
Sep 19960022.22$0
Aug 19960020.26$0
Jul 1996169019.55$3,304
Jun 19960018.73$0
May 19960019.43$0
Apr 1996172021.51$3,700
Mar 19960019.38$0
Feb 19960016.98$0
Jan 1996160017.07$2,731
Dec 19950017.19$0
Nov 1995171016.00$2,736
Oct 19950015.43$0
Sep 19950016.18$0
Aug 19950015.92$0
Jul 1995172015.24$2,621
Jun 19950016.41$0
May 19950017.56$0
Apr 19950017.73$0
Mar 1995176016.44$2,893
Feb 19950016.58$0
Jan 19950015.92$0
Dec 19940015.03$0
Nov 1994177015.90$2,814
Oct 19940015.58$0
Sep 19940015.29$0
Aug 19940016.13$0
Jul 1994173117.56$3,038
Jun 19940017.09$0
May 19940115.88$0
Apr 1994171114.14$2,418
Mar 19940112.46$0
Feb 19940112.50$0
Jan 19940112.66$0
Dec 1993176112.33$2,170
Nov 19930114.49$0
Oct 19930115.85$0
Sep 1993169115.03$2,540
Aug 19930115.66$0
Jul 19930115.46$0
Jun 1993165116.79$2,770
May 19930117.68$0
Apr 19930118.05$0
Mar 199393118.14$1,687
Feb 1993173117.90$3,097
Jan 19930116.93$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.

Oct 2006 — as filed, then multipliedworked
Oil                   72 bbl  × $ 54.90 =     $3,953
Casinghead gas         0 Mcf  × $  6.01 =         $0

────────────────────────────────────────────────────
Month total                                   $3,953

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/14120 is the state's own key, not one this site invented.