WAGSTAFF 'C'

Operated by LARIAT LAND & EXPLORATION, INC. (P-5 486649) in the LAKE ABILENE (FLIPPEN SAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 31448District 7BField 51365400OilSaveExport
Value, all time
$724 k
Mar 2014 – May 2026
Value, last 12 filed months
$41 k
at the published price for each month
Months reported
147
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 10 leases and 25 wells, and the rule below applies to all of them.

Discovered
1954-02-16
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.

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
OilDisposition10,452 bbl$724,341
Total$724,341

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 32.2500, -99.8430. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.24999, -99.84298 · 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
0.0%
0 of 2 wells
With a plug date
50.0%
1 of 2 wells
Median depth
2,430 ft
2 wells filed one
Completion to plug
1 well filed both, dated out of order

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
150.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
150.0%

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 2,360 and 2,500 ft, median 2,430 ft, over the 2 wells that filed a depth.

Completions filed
Mar 2014 – Aug 2015
2 of 2 wells
Plug dates filed
Oct 1994
1 of 2 wells; 1 filed none

Last completion to plug: no median is published. 1 well on this lease filed both dates, and on that one the last completion is dated after the plug date, so there is no interval to take a median of. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-4413451222,360 ftAug 2015
42-4413370512,500 ftMar 2014Oct 1994

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 (147)

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

147 months

May 20260106.413.05$0
Apr 202613998.932.87$13,751
Mar 2026089.753.15$0
Feb 2026063.503.75$0
Jan 2026059.138.00$0
Dec 20258456.664.41$4,759
Nov 2025058.593.93$0
Oct 202511759.383.30$6,947
Sep 2025062.743.08$0
Aug 20257763.933.01$4,923
Jul 2025066.743.32$0
Jun 202516166.483.13$10,703
May 2025060.553.23$0
Apr 202513762.363.54$8,543
Mar 2025067.704.27$0
Feb 20256470.884.34$4,536
Jan 2025074.324.28$0
Dec 202416668.993.12$11,452
Nov 2024069.052.20$0
Oct 202410771.372.28$7,637
Sep 2024069.612.36$0
Aug 202416875.632.06$12,706
Jul 202413479.932.15$10,711
Jun 2024078.082.63$0
May 202417678.812.20$13,871
Apr 2024084.451.66$0
Mar 202417580.301.55$14,053
Feb 2024076.091.78$0
Jan 202415173.023.30$11,026
Dec 2023071.262.61$0
Nov 202313077.892.81$10,126
Oct 202312185.443.09$10,338
Sep 2023089.042.74$0
Aug 202314380.522.67$11,514
Jul 202310174.852.64$7,560
Jun 202317768.962.26$12,206
May 2023070.622.23$0
Apr 202316778.122.24$13,046
Mar 202315672.852.39$11,365
Feb 202317975.112.47$13,445
Jan 202317476.533.39$13,316
Dec 2022076.415.73$0
Nov 202217185.005.65$14,535
Oct 202217287.185.86$14,995
Sep 2022084.888.16$0
Aug 20229494.529.13$8,885
Jul 2022166101.587.54$16,862
Jun 2022168115.097.98$19,335
May 2022234109.378.43$25,593
Apr 2022161104.226.84$16,779
Mar 2022175108.885.08$19,054
Feb 2022091.054.86$0
Jan 20229081.844.54$7,366
Dec 202116571.323.90$11,768
Nov 202116377.435.24$12,621
Oct 20214479.795.71$3,511
Sep 202117269.865.35$12,016
Aug 202115866.024.22$10,431
Jul 202117070.783.98$12,033
Jun 202116069.493.38$11,118
May 202134263.483.02$21,710
Apr 202133460.362.76$20,160
Mar 202151061.302.72$31,263
Feb 2021057.805.55$0
Jan 2021050.412.81$0
Dec 2020044.642.68$0
Nov 2020038.772.71$0
Oct 2020036.972.48$0
Sep 2020037.091.99$0
Aug 2020039.982.39$0
Jul 2020038.371.83$0
Jun 2020034.901.69$0
May 2020016.921.81$0
Apr 2020014.751.80$0
Mar 202011130.341.86$3,368
Feb 2020049.881.98$0
Jan 20207757.252.09$4,408
Dec 2019059.012.30$0
Nov 201916655.302.75$9,180
Oct 2019053.472.42$0
Sep 2019055.052.66$0
Aug 201916253.112.30$8,604
Jul 2019056.272.46$0
Jun 201917152.782.49$9,025
May 2019058.482.74$0
Apr 2019062.632.75$0
Mar 201916356.803.06$9,258
Feb 20196350.852.79$3,204
Jan 2019046.033.23$0
Dec 2018046.594.19$0
Nov 201817652.934.24$9,316
Oct 2018061.443.40$0
Sep 201818259.543.11$10,836
Aug 2018059.403.07$0
Jul 2018065.142.93$0
Jun 2018060.183.08$0
May 2018065.382.90$0
Apr 201816663.842.90$10,597
Mar 2018061.222.79$0
Feb 2018061.782.77$0
Jan 201817662.874.01$11,065
Dec 2017057.272.92$0
Nov 201716555.423.12$9,144
Oct 2017049.292.98$0
Sep 201716347.523.09$7,746
Aug 2017045.373.00$0
Jul 2017043.873.09$0
Jun 201716742.493.09$7,096
May 2017045.373.26$0
Apr 2017047.933.21$0
Mar 201716146.772.98$7,530
Feb 201712150.452.95$6,104
Jan 2017049.413.42$0
Dec 2016048.763.72$0
Nov 201616342.492.64$6,926
Oct 2016046.193.09$0
Sep 2016041.553.10$0
Aug 2016041.442.92$0
Jul 2016041.622.92$0
Jun 201616345.352.69$7,392
May 2016042.521.99$0
Apr 2016036.561.99$0
Mar 201616933.011.79$5,579
Feb 2016026.472.06$0
Jan 2016027.352.36$0
Dec 201516232.362.00$5,242
Nov 2015038.792.17$0
Oct 20156243.552.43$2,700
Sep 2015042.992.76$0
Aug 2015040.162.87$0
Jul 20156348.152.95$3,033
Jun 2015056.152.88$0
May 2015055.212.96$0
Apr 2015049.822.71$0
Mar 2015042.892.93$0
Feb 2015044.662.98$0
Jan 2015043.433.10$0
Dec 2014054.693.59$0
Nov 201410470.464.25$7,328
Oct 2014078.303.90$0
Sep 2014086.164.05$0
Aug 2014089.394.04$0
Jul 201416396.564.18$15,739
Jun 2014098.164.74$0
May 2014094.734.73$0
Apr 201416095.944.81$15,350
Mar 2014095.895.06$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.

Apr 2026 — as filed, then multipliedworked
Oil                  139 bbl  × $ 98.93 =    $13,751

────────────────────────────────────────────────────
Month total                                  $13,751

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/31448 is the state's own key, not one this site invented.