BAST

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

Operated by V-F PETROLEUM INC. (P-5 880375) in the BAST (STRAWN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 22731District 7BField 06000650NGPA filingOilCasinghead gasSave Export

Value, all time

$317 k

Jan 1993 – Sep 2007

Value, last 12 filed months

$99 k

at the published price for each month

Months reported

177

no gaps in the span

Streams

oil, casinghead gas

The BAST (STRAWN) 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 5 leases and 13 wells, and the rule below applies to all of them.

Discovered

1985-06-28

as the register files it

Field class

Oil

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 1987-06-01.

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Oil	Disposition	10,379 bbl	$287,436
Casinghead gas	Production	30,221 Mcf	$29,740
Total			$317,176

24,121 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 (3)

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 32.1205, -100.4824. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.11992, -100.48301 · 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%

3 of 3 wells

With a plug date

33.3%

1 of 3 wells

Median depth

7,100 ft

3 wells filed one

Completion to plug

8.6 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

3100.0%

A plug date is filed

133.3%

BothOn the schedule and plugged. Neither fact cancels the other.

133.3%

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 6,435 and 7,115 ft, median 7,100 ft, over the 3 wells that filed a depth.

Completions filed

Aug 1986 – May 2021

3 of 3 wells

Plug dates filed

Mar 1995

1 of 3 wells; 2 filed none

Last completion to plug: a median of 8.6 years across the 1 well that filed both dates, with the middle half between 8.6 years and 8.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells


42-35331803	1	7,100 ft	May 2021	—	Yes
42-35331848	2	7,115 ft	Jun 2013	—	Yes
42-35331963	4	6,435 ft	Aug 1986	Mar 1995	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 (177)

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

177 months


Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	273	0	62.00	7.55	$16,926
May 2007	0	50	58.74	7.85	$392
Apr 2007	397	50	59.61	7.81	$24,055
Mar 2007	140	50	56.92	7.30	$8,334
Feb 2007	595	50	55.10	8.22	$33,195
Jan 2007	226	50	50.30	6.73	$11,704
Dec 2006	0	50	56.65	6.92	$346
Nov 2006	0	50	54.20	7.62	$381
Oct 2006	60	50	54.90	6.01	$3,595
Sep 2006	119	50	60.08	5.04	$7,401
Aug 2006	0	50	68.71	7.34	$367
Jul 2006	0	50	69.37	6.34	$317
Jun 2006	86	50	66.28	6.38	$6,019
May 2006	0	50	66.01	6.42	$321
Apr 2006	0	50	64.39	7.36	$368
Mar 2006	0	50	56.70	7.08	$354
Feb 2006	0	50	57.59	7.75	$388
Jan 2006	0	50	60.59	8.93	$447
Dec 2005	0	50	54.94	13.42	$671
Nov 2005	45	50	54.69	10.59	$2,990
Oct 2005	49	50	58.34	13.80	$3,548
Sep 2005	45	50	61.45	12.08	$3,369
Aug 2005	48	50	61.51	9.80	$3,442
Jul 2005	45	50	55.69	7.84	$2,898
Jun 2005	0	50	52.33	7.38	$369
May 2005	0	50	45.22	6.65	$333
Apr 2005	0	50	49.20	7.36	$368
Mar 2005	45	100	50.37	7.15	$2,982
Feb 2005	128	50	45.22	6.31	$6,104
Jan 2005	0	50	43.16	6.32	$316
Dec 2004	0	50	39.86	6.75	$338
Nov 2004	0	50	45.28	6.33	$317
Oct 2004	0	50	49.70	6.52	$326
Sep 2004	45	50	43.24	5.28	$2,210
Aug 2004	0	50	42.37	5.55	$278
Jul 2004	51	50	38.28	6.08	$2,256
Jun 2004	44	50	36.10	6.43	$1,910
May 2004	0	50	37.48	6.49	$325
Apr 2004	40	50	34.47	5.86	$1,672
Mar 2004	45	50	34.36	5.53	$1,823
Feb 2004	0	50	32.45	5.51	$275
Jan 2004	43	50	32.03	6.30	$1,692
Dec 2003	47	50	30.26	6.30	$1,737
Nov 2003	46	50	28.80	4.60	$1,555
Oct 2003	0	50	28.17	4.76	$238
Sep 2003	75	50	26.31	4.75	$2,211
Aug 2003	46	50	29.76	5.13	$1,625
Jul 2003	0	50	29.41	5.17	$259
Jun 2003	42	50	28.56	5.98	$1,499
May 2003	45	50	26.59	5.97	$1,495
Apr 2003	90	50	26.67	5.41	$2,671
Mar 2003	0	50	31.14	6.10	$305
Feb 2003	0	50	33.48	7.93	$396
Jan 2003	83	50	30.31	5.58	$2,795
Dec 2002	42	50	26.91	4.85	$1,373
Nov 2002	47	50	24.66	4.14	$1,366
Oct 2002	46	50	26.46	4.23	$1,429
Sep 2002	0	50	27.44	3.64	$182
Aug 2002	0	50	25.96	3.16	$158
Jul 2002	41	50	24.58	3.06	$1,161
Jun 2002	46	50	23.73	3.34	$1,258
May 2002	0	50	24.66	3.58	$179
Apr 2002	0	50	23.65	3.51	$176
Mar 2002	84	50	22.00	3.10	$2,003
Feb 2002	0	50	18.22	2.38	$119
Jan 2002	47	50	17.17	2.38	$926
Dec 2001	0	50	16.93	2.36	$118
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	87	0	19.78	2.53	$1,721
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	94	0	24.87	3.05	$2,338
Jul 2001	46	50	23.93	3.20	$1,261
Jun 2001	48	50	24.56	3.82	$1,370
May 2001	47	50	25.52	4.31	$1,415
Apr 2001	48	50	24.68	5.34	$1,451
Mar 2001	48	50	24.54	5.38	$1,447
Feb 2001	48	50	27.75	5.77	$1,620
Jan 2001	49	50	27.47	8.40	$1,766
Dec 2000	49	50	26.88	9.12	$1,773
Nov 2000	48	50	32.21	5.66	$1,829
Oct 2000	91	50	31.23	5.15	$3,099
Sep 2000	43	50	31.87	5.19	$1,630
Aug 2000	88	50	29.64	4.54	$2,835
Jul 2000	104	50	28.53	4.09	$3,172
Jun 2000	0	50	29.30	4.40	$220
May 2000	0	50	27.26	3.68	$184
Apr 2000	102	50	24.51	3.12	$2,656
Mar 2000	0	50	28.42	2.86	$143
Feb 2000	0	50	27.62	2.73	$136
Jan 2000	103	50	25.27	2.48	$2,727
Dec 1999	0	50	24.28	2.42	$121
Nov 1999	0	50	23.19	2.43	$122
Oct 1999	0	50	20.98	2.80	$140
Sep 1999	105	50	21.75	2.62	$2,415
Aug 1999	0	50	19.26	2.88	$144
Jul 1999	0	50	17.89	2.37	$119
Jun 1999	0	50	15.94	2.36	$118
May 1999	103	50	15.79	2.32	$1,742
Apr 1999	0	50	15.10	2.21	$110
Mar 1999	80	50	12.47	1.84	$1,090
Feb 1999	0	50	9.98	1.82	$91
Jan 1999	0	50	10.38	1.90	$95
Dec 1998	0	50	9.20	1.77	$89
Nov 1998	52	50	10.89	2.19	$676
Oct 1998	51	50	12.42	1.97	$732
Sep 1998	0	50	12.59	2.08	$104
Aug 1998	0	50	11.30	1.91	$95
Jul 1998	0	50	11.74	2.24	$112
Jun 1998	34	50	11.24	2.24	$494
May 1998	0	50	12.62	2.21	$110
Apr 1998	34	50	13.04	2.51	$569
Mar 1998	0	50	12.80	2.31	$115
Feb 1998	0	50	13.95	2.30	$115
Jan 1998	0	50	14.70	2.15	$108
Dec 1997	0	50	16.32	2.41	$121
Nov 1997	31	50	18.19	3.09	$718
Oct 1997	1	50	19.25	3.15	$177
Sep 1997	0	50	17.74	2.95	$148
Aug 1997	35	50	17.86	2.55	$753
Jul 1997	34	50	17.58	2.25	$710
Jun 1997	0	50	17.24	2.26	$113
May 1997	0	50	18.97	2.31	$115
Apr 1997	0	50	17.88	2.08	$104
Mar 1997	35	50	18.95	1.94	$760
Feb 1997	0	50	20.49	2.21	$110
Jan 1997	7	50	23.48	3.54	$341
Dec 1996	14	50	23.32	—	$326
Nov 1996	7	50	21.97	—	$154
Oct 1996	14	470	23.31	—	$326
Sep 1996	16	50	22.22	—	$356
Aug 1996	21	50	20.26	—	$425
Jul 1996	275	50	19.55	—	$5,376
Jun 1996	46	50	18.73	—	$862
May 1996	0	50	19.43	—	$0
Apr 1996	174	50	21.51	—	$3,743
Mar 1996	0	99	19.38	—	$0
Feb 1996	0	154	16.98	—	$0
Jan 1996	0	67	17.07	—	$0
Dec 1995	180	90	17.19	—	$3,094
Nov 1995	2	438	16.00	—	$32
Oct 1995	177	449	15.43	—	$2,731
Sep 1995	0	437	16.18	—	$0
Aug 1995	170	428	15.92	—	$2,706
Jul 1995	0	257	15.24	—	$0
Jun 1995	178	73	16.41	—	$2,921
May 1995	0	347	17.56	—	$0
Apr 1995	182	406	17.73	—	$3,227
Mar 1995	0	401	16.44	—	$0
Feb 1995	178	354	16.58	—	$2,951
Jan 1995	179	345	15.92	—	$2,850
Dec 1994	2	416	15.03	—	$30
Nov 1994	180	536	15.90	—	$2,862
Oct 1994	179	503	15.58	—	$2,789
Sep 1994	0	407	15.29	—	$0
Aug 1994	168	635	16.13	—	$2,710
Jul 1994	179	616	17.56	—	$3,143
Jun 1994	0	725	17.09	—	$0
May 1994	160	769	15.88	—	$2,541
Apr 1994	176	711	14.14	—	$2,489
Mar 1994	176	988	12.46	—	$2,193
Feb 1994	176	897	12.50	—	$2,200
Jan 1994	0	841	12.66	—	$0
Dec 1993	181	1,041	12.33	—	$2,232
Nov 1993	171	936	14.49	—	$2,478
Oct 1993	178	972	15.85	—	$2,821
Sep 1993	172	1,012	15.03	—	$2,585
Aug 1993	174	1,024	15.66	—	$2,725
Jul 1993	182	383	15.46	—	$2,814
Jun 1993	182	794	16.79	—	$3,056
May 1993	179	1,035	17.68	—	$3,165
Apr 1993	0	994	18.05	—	$0
Mar 1993	181	1,012	18.14	—	$3,283
Feb 1993	179	770	17.90	—	$3,204
Jan 1993	250	889	16.93	—	$4,233

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 2007 — as filed, then multipliedworked

Oil                  273 bbl  × $ 62.00 =    $16,926
Casinghead gas         0 Mcf  × $  7.55 =         $0

────────────────────────────────────────────────────
Month total                                  $16,926

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/22731 is the state's own key, not one this site invented.