PARSON, I. M. "K"

Operated by SUN-KEY OIL CO., INC. (P-5 829320) in the PARSONS (GRAY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 26843District 7BField 69450300OilCasinghead gasSaveExport
Value, all time
$374 k
Mar 1993 – Feb 2010
Value, last 12 filed months
$14 k
at the published price for each month
Months reported
204
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 18 leases and 18 wells, and the rule below applies to all of them.

Discovered
1978-05-17
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

The Commission's schedule remark for this field reads: ALLOCATION FORMULA EFF. 010183 PER AMENDMENT TO SWR 28 & 29

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
OilDisposition15,715 bbl$313,569
Casinghead gasProduction98,457 Mcf$60,358
Total$373,927

77,699 Mcf of this lease's gas, across 46 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 32.1058, -99.4150. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.10580, -99.41497 · 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
100.0%
1 of 1 wells
Median depth
3,204 ft
1 wells filed one
Completion to plug
16.3 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 3,204 ft.

Completions filed
Mar 1993
1 of 1 wells
Plug dates filed
Jun 2009
1 of 1 wells

Last completion to plug: a median of 16.3 years across the 1 well that filed both dates, with the middle half between 16.3 years and 16.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-05936264133,204 ftMar 1993Jun 2009Yes

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 (204)

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

204 months

Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 2009202071.445.48$14,431
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 200724091.677.29$2,200
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 2007129069.066.39$8,909
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 2005158061.4512.08$9,709
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 2005164043.166.32$7,078
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 2004177036.106.43$6,390
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 2003174029.765.13$5,178
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 2003178030.315.58$5,395
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 200202227.443.64$80
Aug 200211219425.963.16$3,521
Jul 200209224.583.06$282
Jun 200217916223.733.34$4,788
May 2002018724.663.58$670
Apr 2002021423.653.51$752
Mar 2002021322.003.10$661
Feb 2002019618.222.38$466
Jan 200217219117.172.38$3,407
Dec 2001019716.932.36$466
Nov 2001018118.072.41$435
Oct 2001020219.782.53$511
Sep 2001020724.262.25$466
Aug 200114121124.873.05$4,151
Jul 2001018023.933.20$575
Jun 2001019324.563.82$738
May 200115920625.524.31$4,945
Apr 2001021224.685.34$1,131
Mar 2001020224.545.38$1,086
Feb 200115125327.755.77$5,649
Jan 2001021527.478.40$1,806
Dec 2000024026.889.12$2,189
Nov 200016518532.215.66$6,361
Oct 2000020731.235.15$1,065
Sep 2000021431.875.19$1,110
Aug 20009322929.644.54$3,796
Jul 200015618328.534.09$5,199
Jun 2000020729.304.40$910
May 2000016427.263.68$603
Apr 2000018924.513.12$589
Mar 200016917828.422.86$5,312
Feb 2000018927.622.73$515
Jan 2000019825.272.48$491
Dec 1999019924.282.42$482
Nov 1999018123.192.43$441
Oct 1999017820.982.80$499
Sep 1999015221.752.62$398
Aug 1999014919.262.88$428
Jul 199901217.892.37$28
Jun 19990715.942.36$17
May 1999013115.792.32$304
Apr 19996315915.102.21$1,302
Mar 1999016312.471.84$300
Feb 199901799.981.82$325
Jan 1999019010.381.90$361
Dec 199801979.201.77$349
Nov 1998017410.892.19$380
Oct 199813534112.421.97$2,348
Sep 1998031912.592.08$664
Aug 1998035111.301.91$669
Jul 199817845311.742.24$3,103
Jun 1998048511.242.24$1,085
May 199815750012.622.21$3,085
Apr 1998037813.042.51$947
Mar 1998044512.802.31$1,028
Feb 1998043813.952.30$1,007
Jan 1998045214.702.15$974
Dec 1997048416.322.41$1,167
Nov 199718158218.193.09$5,090
Oct 1997059519.253.15$1,874
Sep 199716658317.742.95$4,668
Aug 1997073017.862.55$1,865
Jul 199729177517.582.25$6,857
Jun 1997081817.242.26$1,846
May 1997046618.972.31$1,076
Apr 1997059317.882.08$1,235
Mar 199717088518.951.94$4,938
Feb 1997080420.492.21$1,774
Jan 199725689723.483.54$9,186
Dec 199601,18123.32$0
Nov 1996083721.97$0
Oct 19961231,26223.31$2,867
Sep 19961441,39822.22$3,200
Aug 19962061,51920.26$4,174
Jul 19961371,63019.55$2,678
Jun 19962121,50218.73$3,971
May 19962961,56319.43$5,751
Apr 19963121,82621.51$6,711
Mar 19961511,21219.38$2,926
Feb 19961391,00016.98$2,360
Jan 19961561,17917.07$2,663
Dec 19951531,25817.19$2,630
Nov 19951731,34016.00$2,768
Oct 199515383115.43$2,361
Sep 19951721,05616.18$2,783
Aug 19951641,26915.92$2,611
Jul 19951281,63415.24$1,951
Jun 19955362216.41$870
May 199501,37817.56$0
Apr 19951421,90317.73$2,518
Mar 19951572,05416.44$2,581
Feb 19951741,73216.58$2,885
Jan 19951521,72315.92$2,420
Dec 19941861,91915.03$2,796
Nov 19941492,05115.90$2,369
Oct 19942592,25715.58$4,035
Sep 19942181,67315.29$3,333
Aug 19942361,41716.13$3,807
Jul 19942562,15317.56$4,495
Jun 19942812,28217.09$4,802
May 19942892,31915.88$4,589
Apr 19943162,36014.14$4,468
Mar 19942852,55412.46$3,551
Feb 19943222,26912.50$4,025
Jan 19943043,09112.66$3,849
Dec 19933192,39712.33$3,933
Nov 19933962,28414.49$5,738
Oct 19933701,84415.85$5,865
Sep 19934342,09115.03$6,523
Aug 19935322,21315.66$8,331
Jul 19935222,01415.46$8,070
Jun 19935672,05616.79$9,520
May 19936901,79817.68$12,199
Apr 19938291,56318.05$14,963
Mar 199315818518.14$2,866

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.

Dec 2009 — as filed, then multipliedworked
Oil                  202 bbl  × $ 71.44 =    $14,431
Casinghead gas         0 Mcf  × $  5.48 =         $0

────────────────────────────────────────────────────
Month total                                  $14,431

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/26843 is the state's own key, not one this site invented.