VARINA

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

Operated by SINCLAIR OIL & GAS COMPANY (P-5 784548) in the BUDS BUTTE (PENN REEF) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 27709District 7BField 13005270OilCasinghead gasSave Export

Value, all time

$918 k

Nov 1995 – Jul 2008

Value, last 12 filed months

at the published price for each month

Months reported

153

no gaps in the span

Streams

oil, casinghead gas

The BUDS BUTTE (PENN REEF) 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 1 leases and 1 wells, and the rule below applies to all of them.

Discovered

1995-11-01

as the register files it

Field class

Oil

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.

Stream	Basis	Volume	Value
Oil	Disposition	39,990 bbl	$882,448
Casinghead gas	Production	18,576 Mcf	$35,454
Total			$917,902

10,694 Mcf of this lease's gas, across 12 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 32.2790, -100.3116. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.27905, -100.31163 · 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%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

5,970 ft

1 wells filed one

Completion to plug

12.5 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 5,970 ft.

Completions filed

Nov 1995

1 of 1 wells

Plug dates filed

May 2008

1 of 1 wells

Last completion to plug: a median of 12.5 years across the 1 well that filed both dates, with the middle half between 12.5 years and 12.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-35332358	1	5,970 ft	Nov 1995	May 2008	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 (153)

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

153 months


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	114	0	58.74	7.85	$6,696
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	166	0	60.08	5.04	$9,973
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	169	0	69.37	6.34	$11,724
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	113	9	54.94	13.42	$6,329
Nov 2005	0	68	54.69	10.59	$720
Oct 2005	0	64	58.34	13.80	$883
Sep 2005	189	72	61.45	12.08	$12,484
Aug 2005	177	98	61.51	9.80	$11,847
Jul 2005	0	61	55.69	7.84	$478
Jun 2005	181	94	52.33	7.38	$10,166
May 2005	188	99	45.22	6.65	$9,160
Apr 2005	0	93	49.20	7.36	$685
Mar 2005	181	88	50.37	7.15	$9,747
Feb 2005	168	74	45.22	6.31	$8,064
Jan 2005	172	82	43.16	6.32	$7,942
Dec 2004	0	84	39.86	6.75	$567
Nov 2004	175	86	45.28	6.33	$8,468
Oct 2004	189	105	49.70	6.52	$10,077
Sep 2004	162	108	43.24	5.28	$7,576
Aug 2004	0	112	42.37	5.55	$622
Jul 2004	188	111	38.28	6.08	$7,872
Jun 2004	192	110	36.10	6.43	$7,639
May 2004	0	111	37.48	6.49	$721
Apr 2004	190	105	34.47	5.86	$7,164
Mar 2004	184	95	34.36	5.53	$6,848
Feb 2004	180	82	32.45	5.51	$6,293
Jan 2004	0	86	32.03	6.30	$542
Dec 2003	191	86	30.26	6.30	$6,322
Nov 2003	189	84	28.80	4.60	$5,829
Oct 2003	188	159	28.17	4.76	$6,053
Sep 2003	0	95	26.31	4.75	$451
Aug 2003	182	102	29.76	5.13	$5,940
Jul 2003	182	115	29.41	5.17	$5,947
Jun 2003	184	110	28.56	5.98	$5,913
May 2003	0	105	26.59	5.97	$627
Apr 2003	179	112	26.67	5.41	$5,380
Mar 2003	184	113	31.14	6.10	$6,419
Feb 2003	185	102	33.48	7.93	$7,002
Jan 2003	185	113	30.31	5.58	$6,238
Dec 2002	183	97	26.91	4.85	$5,395
Nov 2002	182	78	24.66	4.14	$4,811
Oct 2002	191	85	26.46	4.23	$5,413
Sep 2002	191	99	27.44	3.64	$5,601
Aug 2002	0	111	25.96	3.16	$351
Jul 2002	187	116	24.58	3.06	$4,952
Jun 2002	180	108	23.73	3.34	$4,632
May 2002	0	114	24.66	3.58	$409
Apr 2002	176	118	23.65	3.51	$4,577
Mar 2002	178	100	22.00	3.10	$4,226
Feb 2002	186	83	18.22	2.38	$3,586
Jan 2002	0	98	17.17	2.38	$233
Dec 2001	179	94	16.93	2.36	$3,253
Nov 2001	194	97	18.07	2.41	$3,739
Oct 2001	180	100	19.78	2.53	$3,813
Sep 2001	179	109	24.26	2.25	$4,588
Aug 2001	0	125	24.87	3.05	$382
Jul 2001	168	137	23.93	3.20	$4,458
Jun 2001	179	133	24.56	3.82	$4,905
May 2001	0	122	25.52	4.31	$525
Apr 2001	176	113	24.68	5.34	$4,947
Mar 2001	176	0	24.54	5.38	$4,319
Feb 2001	178	0	27.75	5.77	$4,940
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	182	0	26.88	9.12	$4,892
Nov 2000	191	0	32.21	5.66	$6,152
Oct 2000	177	0	31.23	5.15	$5,528
Sep 2000	0	0	31.87	5.19	$0
Aug 2000	182	0	29.64	4.54	$5,394
Jul 2000	175	0	28.53	4.09	$4,993
Jun 2000	0	0	29.30	4.40	$0
May 2000	159	0	27.26	3.68	$4,334
Apr 2000	169	0	24.51	3.12	$4,142
Mar 2000	173	0	28.42	2.86	$4,917
Feb 2000	179	0	27.62	2.73	$4,944
Jan 2000	182	0	25.27	2.48	$4,599
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	173	0	23.19	2.43	$4,012
Oct 1999	166	0	20.98	2.80	$3,483
Sep 1999	172	0	21.75	2.62	$3,741
Aug 1999	0	0	19.26	2.88	$0
Jul 1999	286	0	17.89	2.37	$5,117
Jun 1999	0	60	15.94	2.36	$142
May 1999	190	62	15.79	2.32	$3,144
Apr 1999	185	60	15.10	2.21	$2,926
Mar 1999	190	62	12.47	1.84	$2,483
Feb 1999	190	56	9.98	1.82	$1,998
Jan 1999	186	62	10.38	1.90	$2,048
Dec 1998	0	62	9.20	1.77	$110
Nov 1998	181	60	10.89	2.19	$2,102
Oct 1998	183	62	12.42	1.97	$2,395
Sep 1998	185	60	12.59	2.08	$2,454
Aug 1998	181	62	11.30	1.91	$2,164
Jul 1998	369	62	11.74	2.24	$4,471
Jun 1998	187	60	11.24	2.24	$2,236
May 1998	181	62	12.62	2.21	$2,421
Apr 1998	348	60	13.04	2.51	$4,688
Mar 1998	349	62	12.80	2.31	$4,610
Feb 1998	190	56	13.95	2.30	$2,779
Jan 1998	357	62	14.70	2.15	$5,382
Dec 1997	188	62	16.32	2.41	$3,218
Nov 1997	379	60	18.19	3.09	$7,079
Oct 1997	366	62	19.25	3.15	$7,241
Sep 1997	353	60	17.74	2.95	$6,440
Aug 1997	378	62	17.86	2.55	$6,909
Jul 1997	384	62	17.58	2.25	$6,890
Jun 1997	362	60	17.24	2.26	$6,376
May 1997	559	62	18.97	2.31	$10,747
Apr 1997	385	60	17.88	2.08	$7,009
Mar 1997	536	62	18.95	1.94	$10,277
Feb 1997	543	56	20.49	2.21	$11,250
Jan 1997	1,076	492	23.48	3.54	$27,006
Dec 1996	356	456	23.32	—	$8,302
Nov 1996	525	607	21.97	—	$11,534
Oct 1996	786	673	23.31	—	$18,322
Sep 1996	1,190	687	22.22	—	$26,442
Aug 1996	608	948	20.26	—	$12,318
Jul 1996	1,313	1,230	19.55	—	$25,669
Jun 1996	1,294	2,331	18.73	—	$24,237
May 1996	1,587	1,689	19.43	—	$30,835
Apr 1996	1,701	1,533	21.51	—	$36,589
Mar 1996	1,470	155	19.38	—	$28,489
Feb 1996	1,617	230	16.98	—	$27,457
Jan 1996	1,482	155	17.07	—	$25,298
Dec 1995	3,869	0	17.19	—	$66,508
Nov 1995	2,075	0	16.00	—	$33,200

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.

May 2007 — as filed, then multipliedworked

Oil                  114 bbl  × $ 58.74 =     $6,696
Casinghead gas         0 Mcf  × $  7.85 =         $0

────────────────────────────────────────────────────
Month total                                   $6,696

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/27709 is the state's own key, not one this site invented.