PROPST 'A'

Operated by PARAGON CORPORATION (P-5 639000) in the MIGHTY QUINN (STRAWN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 29201District 7BField 61284375OilSaveExport
Value, all time
$666 k
Aug 2002 – Oct 2012
Value, last 12 filed months
$0
at the published price for each month
Months reported
123
no gaps in the span
Streams
1
oil

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 13 leases and 15 wells, and the rule below applies to all of them.

Discovered
2001-11-09
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.

StreamBasisVolumeValue
OilDisposition20,108 bbl$666,033
Total$666,033

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 32.6228, -100.0082. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.62276, -100.00823 · 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
4,800 ft
1 wells filed one
Completion to plug
9.2 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 4,800 ft.

Completions filed
Nov 2001
1 of 1 wells
Plug dates filed
Jan 2011
1 of 1 wells

Last completion to plug: a median of 9.2 years across the 1 well that filed both dates, with the middle half between 9.2 years and 9.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-2533456324,800 ftNov 2001Jan 2011Yes

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 (123)

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

123 months

Oct 2012089.383.40$0
Sep 2012094.672.92$0
Aug 2012092.662.91$0
Jul 2012085.133.02$0
Jun 2012079.822.52$0
May 2012091.612.49$0
Apr 20120101.652.00$0
Mar 20120105.052.22$0
Feb 20120101.102.57$0
Jan 2012098.092.73$0
Dec 2011096.873.24$0
Nov 2011095.723.31$0
Oct 2011084.983.65$0
Sep 2011083.623.99$0
Aug 2011083.404.15$0
Jul 2011094.144.52$0
Jun 2011092.904.64$0
May 2011098.134.40$0
Apr 20110105.964.33$0
Mar 2011096.364.06$0
Feb 2011085.644.18$0
Jan 2011086.504.59$0
Dec 2010085.734.35$0
Nov 2010080.843.80$0
Oct 2010078.103.51$0
Sep 2010072.633.98$0
Aug 2010073.684.42$0
Jul 2010072.554.74$0
Jun 2010070.364.91$0
May 2010071.124.24$0
Apr 2010081.694.12$0
Mar 2010078.394.39$0
Feb 2010073.585.44$0
Jan 2010074.365.96$0
Dec 2009071.445.48$0
Nov 2009074.593.75$0
Oct 2009072.544.11$0
Sep 2009065.543.06$0
Aug 2009067.423.22$0
Jul 2009061.133.46$0
Jun 2009066.163.90$0
May 2009054.743.93$0
Apr 2009046.773.59$0
Mar 2009042.144.06$0
Feb 2009032.814.63$0
Jan 2009035.865.37$0
Dec 2008037.105.98$0
Nov 2008055.496.86$0
Oct 2008075.246.92$0
Sep 20080101.767.88$0
Aug 20080114.228.48$0
Jul 20080131.0811.39$0
Jun 20080131.3313.03$0
May 20080123.1711.57$0
Apr 20080110.3110.45$0
Mar 20080101.909.66$0
Feb 2008092.538.77$0
Jan 2008090.388.21$0
Dec 2007088.337.30$0
Nov 2007091.677.29$0
Oct 2007082.856.92$0
Sep 2007075.846.24$0
Aug 2007069.066.39$0
Jul 2007070.906.39$0
Jun 2007062.007.55$0
May 2007058.747.85$0
Apr 2007059.617.81$0
Mar 2007056.927.30$0
Feb 20076855.108.22$3,747
Jan 2007050.306.73$0
Dec 2006056.656.92$0
Nov 2006054.207.62$0
Oct 200616854.906.01$9,223
Sep 2006060.085.04$0
Aug 2006068.717.34$0
Jul 200615569.376.34$10,752
Jun 2006066.286.38$0
May 200617566.016.42$11,552
Apr 2006064.397.36$0
Mar 2006056.707.08$0
Feb 200616057.597.75$9,214
Jan 2006060.598.93$0
Dec 200516354.9413.42$8,955
Nov 2005054.6910.59$0
Oct 200516858.3413.80$9,801
Sep 200517861.4512.08$10,938
Aug 200516061.519.80$9,842
Jul 2005055.697.84$0
Jun 200531752.337.38$16,589
May 200517445.226.65$7,868
Apr 200516549.207.36$8,118
Mar 200517850.377.15$8,966
Feb 200516145.226.31$7,280
Jan 200522943.166.32$9,884
Dec 200411939.866.75$4,743
Nov 200411445.286.33$5,162
Oct 200441949.706.52$20,824
Sep 200443043.245.28$18,593
Aug 200427442.375.55$11,609
Jul 200427238.286.08$10,412
Jun 200442136.106.43$15,198
May 200442037.486.49$15,742
Apr 200410334.475.86$3,550
Mar 200431134.365.53$10,686
Feb 200410932.455.51$3,537
Jan 200428832.036.30$9,225
Dec 200331730.266.30$9,592
Nov 200343328.804.60$12,470
Oct 200334828.174.76$9,803
Sep 200336226.314.75$9,524
Aug 200345829.765.13$13,630
Jul 200334529.415.17$10,146
Jun 200345728.565.98$13,052
May 200353726.595.97$14,279
Apr 200355826.675.41$14,882
Mar 200382431.146.10$25,659
Feb 200357033.487.93$19,084
Jan 20031,27930.315.58$38,766
Dec 20021,26826.914.85$34,122
Nov 20021,31424.664.14$32,403
Oct 20021,77826.464.23$47,046
Sep 20021,56127.443.64$42,834
Aug 20021,80025.963.16$46,728

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 2007 — as filed, then multipliedworked
Oil                   68 bbl  × $ 55.10 =     $3,747

────────────────────────────────────────────────────
Month total                                   $3,747

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/29201 is the state's own key, not one this site invented.