BEARD-4-

Operated by BACON ENERGY (P-5 42398) in the EASTLAND COUNTY REGULAR field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 18236District 7BField 27358001NGPA filingOilCasinghead gasSaveExport
Value, all time
$55 k
Jan 1993 – Mar 2007
Value, last 12 filed months
$7 k
at the published price for each month
Months reported
171
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 1,053 leases and 2,020 wells, and the rule below applies to all of them.

Discovered
1917-12-31
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

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
OilDisposition181 bbl$8,905
Casinghead gasProduction8,009 Mcf$46,398
Total$55,303

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 32.4200, -98.8273. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.42004, -98.82734 · 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
0.0%
0 of 1 wells
Median depth
3,780 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 3,780 ft.

Completions filed
Jan 1981
1 of 1 wells

1 well

42-1333238543,780 ftJan 1981Yes

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 (171)

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

171 months

Mar 200709356.927.30$679
Feb 200709655.108.22$789
Jan 200709950.306.73$666
Dec 200609956.656.92$685
Nov 200609554.207.62$724
Oct 200609754.906.01$583
Sep 2006011060.085.04$554
Aug 200608268.717.34$602
Jul 200605969.376.34$374
Jun 200605366.286.38$338
May 200609866.016.42$630
Apr 200609364.397.36$685
Mar 2006010756.707.08$758
Feb 200608257.597.75$636
Jan 200609760.598.93$867
Dec 200509954.9413.42$1,328
Nov 2005010154.6910.59$1,069
Oct 2005011258.3413.80$1,545
Sep 200509961.4512.08$1,196
Aug 200509261.519.80$901
Jul 200509555.697.84$745
Jun 200509552.337.38$701
May 200509945.226.65$658
Apr 20051817849.207.36$9,479
Mar 2005011350.377.15$809
Feb 200509245.226.31$581
Jan 2005010943.166.32$689
Dec 2004010839.866.75$729
Nov 2004010145.286.33$639
Oct 2004011049.706.52$717
Sep 2004012043.245.28$634
Aug 2004012342.375.55$683
Jul 2004013638.286.08$827
Jun 2004014136.106.43$907
May 2004014237.486.49$922
Apr 2004011934.475.86$697
Mar 200409934.365.53$547
Feb 200409132.455.51$501
Jan 2004011132.036.30$699
Dec 2003010830.266.30$681
Nov 2003011328.804.60$519
Oct 2003013028.174.76$619
Sep 2003013526.314.75$641
Aug 2003013529.765.13$693
Jul 2003014029.415.17$724
Jun 2003014528.565.98$868
May 2003015026.595.97$896
Apr 2003015026.675.41$811
Mar 2003014231.146.10$866
Feb 200309833.487.93$777
Jan 200308930.315.58$497
Dec 200209126.914.85$442
Nov 2002011824.664.14$488
Oct 2002013126.464.23$554
Sep 200208927.443.64$324
Aug 2002010225.963.16$323
Jul 2002012624.583.06$386
Jun 2002012623.733.34$421
May 200208124.663.58$290
Apr 200208223.653.51$288
Mar 2002012622.003.10$391
Feb 2002010718.222.38$254
Jan 200208917.172.38$211
Dec 2001011416.932.36$270
Nov 200107418.072.41$178
Oct 200109719.782.53$245
Sep 2001013024.262.25$293
Aug 2001014124.873.05$431
Jul 2001015323.933.20$489
Jun 2001012124.563.82$463
May 2001011125.524.31$478
Apr 2001016324.685.34$870
Mar 2001015424.545.38$828
Feb 20010127.755.77$6
Jan 20010127.478.40$8
Dec 20000126.889.12$9
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 19970019.253.15$0
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 19970017.242.26$0
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 19970018.951.94$0
Feb 19970020.492.21$0
Jan 19970023.483.54$0
Dec 19960023.32$0
Nov 19960021.97$0
Oct 19960023.31$0
Sep 19960022.22$0
Aug 19960020.26$0
Jul 19960019.55$0
Jun 19960018.73$0
May 19960019.43$0
Apr 19960021.51$0
Mar 19960019.38$0
Feb 19960016.98$0
Jan 19960017.07$0
Dec 19950017.19$0
Nov 19950016.00$0
Oct 19950015.43$0
Sep 19950016.18$0
Aug 19950015.92$0
Jul 19950015.24$0
Jun 19950016.41$0
May 19950017.56$0
Apr 19950017.73$0
Mar 19950016.44$0
Feb 19950016.58$0
Jan 19950015.92$0
Dec 19940015.03$0
Nov 19940015.90$0
Oct 19940015.58$0
Sep 19940015.29$0
Aug 19940016.13$0
Jul 19940017.56$0
Jun 19940017.09$0
May 19940015.88$0
Apr 19940014.14$0
Mar 19940012.46$0
Feb 19940012.50$0
Jan 19940012.66$0
Dec 19930012.33$0
Nov 19930014.49$0
Oct 19930015.85$0
Sep 19930015.03$0
Aug 19930015.66$0
Jul 19930015.46$0
Jun 19930016.79$0
May 19930017.68$0
Apr 19930018.05$0
Mar 19930018.14$0
Feb 19930017.90$0
Jan 19930016.93$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.

Mar 2007 — as filed, then multipliedworked
Oil                    0 bbl  × $ 56.92 =         $0
Casinghead gas        93 Mcf  × $  7.30 =       $679

────────────────────────────────────────────────────
Month total                                     $679

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/18236 is the state's own key, not one this site invented.