BENTON

Operated by IE/HOYT, LLC (P-5 422745) in the ROWAN & HOPE (STRAWN REEF) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 29859District 7BField 78632750Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$690 k
Mar 2006 – Oct 2018
Value, last 12 filed months
$8 k
at the published price for each month
Months reported
152
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 5 leases and 34 wells, and the rule below applies to all of them.

Discovered
1951-12-27
as the register files it
Field class
Oil
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

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
OilDisposition8,168 bbl$621,861
Casinghead gasProduction9,620 Mcf$68,206
Total$690,067

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 32.4607, -100.5364. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

32.46068, -100.53644 · 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%
2 of 2 wells
With a plug date
100.0%
2 of 2 wells
Median depth
6,962 ft
2 wells filed one
Completion to plug
12.3 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 6,698 and 7,225 ft, median 6,962 ft, over the 2 wells that filed a depth.

Completions filed
Mar 2006 – Aug 2006
2 of 2 wells
Plug dates filed
Aug 2018
2 of 2 wells

Last completion to plug: a median of 12.3 years across the 2 wells that filed both dates, with the middle half between 12.1 years and 12.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-3533290820396,698 ftAug 2006Aug 2018Yes
42-3533288710397,225 ftMar 2006Aug 2018Yes

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 (152)

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

152 months

Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 2018137059.403.07$8,138
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 2015176032.362.00$5,695
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 2015190042.992.76$8,168
Aug 2015189040.162.87$7,590
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20159049.822.71$448
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 2014184096.564.18$17,767
Jun 20140098.164.74$0
May 2014365094.734.73$34,576
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 20131850104.253.52$19,286
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 2013179093.964.28$16,819
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 2012190086.773.42$16,486
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 2012182094.672.92$17,230
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 2012176079.822.52$14,048
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 20121720105.052.22$18,069
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 2011179096.873.24$17,340
Nov 20110095.723.31$0
Oct 2011186084.983.65$15,806
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 2011180092.904.64$16,722
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 2011181096.364.06$17,441
Feb 20110085.644.18$0
Jan 2011183086.504.59$15,830
Dec 2010182085.734.35$15,603
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 2010176071.124.24$12,517
Apr 201001881.694.12$74
Mar 201001178.394.39$48
Feb 20101791173.585.44$13,231
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20091742874.593.75$13,084
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 2009178067.423.22$12,001
Jul 20090061.133.46$0
Jun 2009182066.163.90$12,041
May 2009018754.743.93$734
Apr 2009025446.773.59$911
Mar 200918526442.144.06$8,867
Feb 2009024232.814.63$1,121
Jan 200917527035.865.37$7,726
Dec 2008027437.105.98$1,638
Nov 2008027355.496.86$1,873
Oct 200817629375.246.92$15,270
Sep 20080171101.767.88$1,347
Aug 200817955114.228.48$20,912
Jul 2008083131.0811.39$945
Jun 2008188143131.3313.03$26,554
May 20080162123.1711.57$1,875
Apr 2008178288110.3110.45$22,646
Mar 20080299101.909.66$2,890
Feb 200818928192.538.77$19,953
Jan 2008031090.388.21$2,544
Dec 200718730788.337.30$18,759
Nov 2007029491.677.29$2,144
Oct 200717630882.856.92$16,714
Sep 2007030675.846.24$1,911
Aug 200718531969.066.39$14,814
Jul 2007031870.906.39$2,031
Jun 200718830962.007.55$13,988
May 200718034158.747.85$13,249
Apr 2007032959.617.81$2,568
Mar 200718033656.927.30$12,699
Feb 2007030055.108.22$2,465
Jan 200718632850.306.73$11,562
Dec 200618533256.656.92$12,777
Nov 2006033154.207.62$2,521
Oct 200618836754.906.01$12,528
Sep 2006039460.085.04$1,985
Aug 200618240868.717.34$15,500
Jul 200607669.376.34$482
Jun 2006385066.286.38$25,518
May 20060066.016.42$0
Apr 2006190064.397.36$12,234
Mar 2006172056.707.08$9,752

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 2018 — as filed, then multipliedworked
Oil                  137 bbl  × $ 59.40 =     $8,138
Casinghead gas         0 Mcf  × $  3.07 =         $0

────────────────────────────────────────────────────
Month total                                   $8,138

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/29859 is the state's own key, not one this site invented.