FORD

Name: FORD lease production and value, Jan 1995 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by L.C.S. PRODUCTION COMPANY (P-5 479574) in the FARNSWORTH field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 27418District 7BField 30272001OilCasinghead gasSave Export

Value, all time

$207 k

Jan 1995 – Sep 2012

Value, last 12 filed months

at the published price for each month

Months reported

213

no gaps in the span

Streams

oil, casinghead gas

The FARNSWORTH 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 12 leases and 20 wells, and the rule below applies to all of them.

Discovered

1949-08-20

as the register files it

Field class

Oil

the register's own label

Between wells

660 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 20 acres.

The Commission's schedule remark for this field reads: “FIELD RULES PER DKT #7-17,312 EFF 1/9/1950”

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	11,418 bbl	$207,268
Casinghead gas	Production	68 Mcf	$112
Total			$207,380

24 Mcf of this lease's gas, across 24 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 (2)

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 32.7491, -100.0719. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

32.74912, -100.07191 · 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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

3,152 ft

2 wells filed one

Completion to plug

14.7 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

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

2100.0%

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 3,013 and 3,291 ft, median 3,152 ft, over the 2 wells that filed a depth.

Completions filed

Jan 1995 – Dec 2000

2 of 2 wells

Plug dates filed

Aug 2012

2 of 2 wells

Last completion to plug: a median of 14.7 years across the 2 wells that filed both dates, with the middle half between 13.2 years and 16.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-25334511	1	3,013 ft	Dec 2000	Aug 2012	Yes
42-25307775	2B	3,291 ft	Jan 1995	Aug 2012	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 (213)

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

213 months


Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
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	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	90	0	32.45	5.51	$2,921
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	0	24.66	3.58	$0
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	0	0	31.23	5.15	$0
Sep 2000	0	0	31.87	5.19	$0
Aug 2000	0	1	29.64	4.54	$5
Jul 2000	0	1	28.53	4.09	$4
Jun 2000	0	1	29.30	4.40	$4
May 2000	148	1	27.26	3.68	$4,038
Apr 2000	105	1	24.51	3.12	$2,577
Mar 2000	372	1	28.42	2.86	$10,575
Feb 2000	0	1	27.62	2.73	$3
Jan 2000	0	1	25.27	2.48	$2
Dec 1999	112	1	24.28	2.42	$2,722
Nov 1999	156	1	23.19	2.43	$3,620
Oct 1999	264	1	20.98	2.80	$5,542
Sep 1999	168	1	21.75	2.62	$3,657
Aug 1999	161	1	19.26	2.88	$3,104
Jul 1999	352	1	17.89	2.37	$6,300
Jun 1999	172	1	15.94	2.36	$2,744
May 1999	169	1	15.79	2.32	$2,671
Apr 1999	140	1	15.10	2.21	$2,116
Mar 1999	0	1	12.47	1.84	$2
Feb 1999	0	1	9.98	1.82	$2
Jan 1999	173	1	10.38	1.90	$1,798
Dec 1998	0	1	9.20	1.77	$2
Nov 1998	183	1	10.89	2.19	$1,995
Oct 1998	181	1	12.42	1.97	$2,250
Sep 1998	0	1	12.59	2.08	$2
Aug 1998	349	1	11.30	1.91	$3,946
Jul 1998	0	1	11.74	2.24	$2
Jun 1998	335	1	11.24	2.24	$3,768
May 1998	0	1	12.62	2.21	$2
Apr 1998	137	1	13.04	2.51	$1,789
Mar 1998	0	1	12.80	2.31	$2
Feb 1998	86	1	13.95	2.30	$1,202
Jan 1998	177	1	14.70	2.15	$2,604
Dec 1997	178	1	16.32	2.41	$2,907
Nov 1997	359	1	18.19	3.09	$6,533
Oct 1997	0	1	19.25	3.15	$3
Sep 1997	179	1	17.74	2.95	$3,178
Aug 1997	275	1	17.86	2.55	$4,914
Jul 1997	180	1	17.58	2.25	$3,167
Jun 1997	182	1	17.24	2.26	$3,140
May 1997	180	1	18.97	2.31	$3,417
Apr 1997	267	1	17.88	2.08	$4,776
Mar 1997	181	1	18.95	1.94	$3,432
Feb 1997	362	1	20.49	2.21	$7,420
Jan 1997	181	1	23.48	3.54	$4,253
Dec 1996	186	1	23.32	—	$4,338
Nov 1996	183	1	21.97	—	$4,021
Oct 1996	199	1	23.31	—	$4,639
Sep 1996	182	1	22.22	—	$4,044
Aug 1996	180	1	20.26	—	$3,647
Jul 1996	176	1	19.55	—	$3,441
Jun 1996	172	1	18.73	—	$3,222
May 1996	182	1	19.43	—	$3,536
Apr 1996	182	1	21.51	—	$3,915
Mar 1996	183	1	19.38	—	$3,547
Feb 1996	172	1	16.98	—	$2,921
Jan 1996	316	1	17.07	—	$5,394
Dec 1995	180	1	17.19	—	$3,094
Nov 1995	364	1	16.00	—	$5,824
Oct 1995	182	1	15.43	—	$2,808
Sep 1995	312	1	16.18	—	$5,048
Aug 1995	149	1	15.92	—	$2,372
Jul 1995	339	1	15.24	—	$5,166
Jun 1995	305	1	16.41	—	$5,005
May 1995	180	1	17.56	—	$3,161
Apr 1995	176	1	17.73	—	$3,120
Mar 1995	181	1	16.44	—	$2,976
Feb 1995	183	1	16.58	—	$3,034
Jan 1995	0	1	15.92	—	$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.

Feb 2004 — as filed, then multipliedworked

Oil                   90 bbl  × $ 32.45 =     $2,921
Casinghead gas         0 Mcf  × $  5.51 =         $0

────────────────────────────────────────────────────
Month total                                   $2,921

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/27418 is the state's own key, not one this site invented.