STEARNS

Operated by GIBSON ENTERPRISES (P-5 302777) in the COLEMAN COUNTY REGULAR field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 24155District 7BField 19511001OilCasinghead gasSaveExport
Value, all time
$63 k
Jan 1993 – Mar 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
183
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 892 leases and 2,428 wells, and the rule below applies to all of them.

Discovered
1910-12-31
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

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
OilDisposition3,659 bbl$62,920
Casinghead gasProduction83 Mcf$90
Total$63,009

45 Mcf of this lease's gas, across 45 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 (5)

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 31.6418, -99.2224. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.64171, -99.22315 · 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%
5 of 5 wells
With a plug date
100.0%
5 of 5 wells
Median depth
1,225 ft
5 wells filed one
Completion to plug
14.1 years
median over 5 wells

What the state filed about each well

On the RRC proration schedule
5100.0%
A plug date is filed
5100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
5100.0%
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 1,173 and 1,350 ft, median 1,225 ft, over the 5 wells that filed a depth.

Completions filed
Dec 1986 – Jan 1991
5 of 5 wells
Plug dates filed
Apr 2003
5 of 5 wells

Last completion to plug: a median of 14.1 years across the 5 wells that filed both dates, with the middle half between 12.3 years and 15.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells

42-083351311C1,225 ftJan 1991Apr 2003Yes
42-083350671B1,200 ftJan 1991Apr 2003Yes
42-083350431 A1,250 ftMar 1989Apr 2003Yes
42-0833491331,173 ftDec 1987Apr 2003Yes
42-0833214521,350 ftDec 1986Apr 2003Yes

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 (183)

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

183 months

Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
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 20050058.3413.80$0
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 20050050.377.15$0
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 20040043.245.28$0
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 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
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 20030026.675.41$0
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 20020025.963.16$0
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 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 200119024.873.05$473
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
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 200059029.304.40$1,729
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000127.622.73$3
Jan 20000125.272.48$2
Dec 19990124.282.42$2
Nov 19990123.192.43$2
Oct 19990120.982.80$3
Sep 19990121.752.62$3
Aug 1999146119.262.88$2,815
Jul 19990117.892.37$2
Jun 19990115.942.36$2
May 19990115.792.32$2
Apr 19990115.102.21$2
Mar 19990112.471.84$2
Feb 199913719.981.82$1,369
Jan 19990110.381.90$2
Dec 1998019.201.77$2
Nov 19980110.892.19$2
Oct 19980112.421.97$2
Sep 1998132112.592.08$1,664
Aug 19980111.301.91$2
Jul 1998151111.742.24$1,775
Jun 1998146111.242.24$1,643
May 19980112.622.21$2
Apr 19980113.042.51$3
Mar 1998130112.802.31$1,666
Feb 19980113.952.30$2
Jan 1998140114.702.15$2,060
Dec 19970116.322.41$2
Nov 1997131118.193.09$2,386
Oct 19970119.253.15$3
Sep 1997124117.742.95$2,203
Aug 19970117.862.55$3
Jul 1997115117.582.25$2,024
Jun 19970117.242.26$2
May 1997155118.972.31$2,943
Apr 19970117.882.08$2
Mar 19970118.951.94$2
Feb 1997294120.492.21$6,026
Jan 19970123.483.54$4
Dec 19960123.32$0
Nov 1996153121.97$3,361
Oct 19960123.31$0
Sep 19963122.22$67
Aug 19960120.26$0
Jul 1996152119.55$2,972
Jun 1996134118.73$2,510
May 1996150119.43$2,915
Apr 1996142121.51$3,054
Mar 1996160119.38$3,101
Feb 1996135116.98$2,292
Jan 19960117.07$0
Dec 1995144117.19$2,475
Nov 19950116.00$0
Oct 1995139115.43$2,145
Sep 19950116.18$0
Aug 19950115.92$0
Jul 19950115.24$0
Jun 19950116.41$0
May 1995154117.56$2,704
Apr 19950117.73$0
Mar 19950116.44$0
Feb 19950116.58$0
Jan 19950115.92$0
Dec 19940115.03$0
Nov 19940115.90$0
Oct 19940115.58$0
Sep 19940015.29$0
Aug 19940016.13$0
Jul 19940117.56$0
Jun 1994142117.09$2,427
May 19940115.88$0
Apr 19940114.14$0
Mar 19940112.46$0
Feb 1994172112.50$2,150
Jan 19940112.66$0
Dec 19930112.33$0
Nov 19930114.49$0
Oct 19930115.85$0
Sep 19930115.03$0
Aug 19930115.66$0
Jul 19930115.46$0
Jun 19930116.79$0
May 19930117.68$0
Apr 19930118.05$0
Mar 19930118.14$0
Feb 19930017.90$0
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.

Aug 2001 — as filed, then multipliedworked
Oil                   19 bbl  × $ 24.87 =       $473
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                     $473

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/24155 is the state's own key, not one this site invented.