GEASLIN

Operated by FASKEN OIL AND RANCH, LTD. (P-5 263696) in the GEASLIN (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 170155District 7CField 343007002 tax incentive programmesCondensateGasSaveExport
Value, all time
$213 k
Jul 1998 – Feb 2020
Value, last 12 filed months
$521
at the published price for each month
Months reported
260
no gaps in the span
Streams
2
condensate, 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 169 leases and 169 wells, and the rule below applies to all of them.

Discovered
1995-05-19
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2001-07-24.

The Commission's schedule remark for this field reads: 8000FT AS SHOWN ON THE LOG OF THE GEASLIN 198 LEASE, WELL NO. 1.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112006-01-09166790
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
CondensateDisposition854 bbl$17,388
GasProduction53,906 Mcf$195,256
Total$212,644

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 30.3107, -101.8768. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.31072, -101.87683 · 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
7,007 ft
1 wells filed one
Completion to plug
21.6 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 7,007 ft.

Completions filed
Jul 1998
1 of 1 wells
Plug dates filed
Feb 2020
1 of 1 wells

Last completion to plug: a median of 21.6 years across the 1 well that filed both dates, with the middle half between 21.6 years and 21.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4433078418737,007 ftJul 1998Feb 2020Yes

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 (260)

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

260 months

Feb 2020101149.881.98$521
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
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 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150742.892.93$21
Feb 201502644.662.98$77
Jan 201502643.433.10$81
Dec 201402854.693.59$101
Nov 201405770.464.25$242
Oct 20140078.303.90$0
Sep 20140186.164.05$4
Aug 20140489.394.04$16
Jul 201403296.564.18$134
Jun 201402698.164.74$123
May 201401894.734.73$85
Apr 201403495.944.81$164
Mar 201403095.895.06$152
Feb 201404297.406.19$260
Jan 20140090.404.86$0
Dec 201304791.824.35$205
Nov 20130088.853.74$0
Oct 201301097.423.78$38
Sep 2013023104.113.72$86
Aug 201300104.253.52$0
Jul 2013028102.523.72$104
Jun 20130094.403.93$0
May 201303594.834.15$145
Apr 20130093.964.28$0
Mar 20130893.623.91$31
Feb 201305691.233.42$192
Jan 20130191.603.42$3
Dec 201206886.773.42$233
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120294.672.92$6
Aug 201201692.662.91$47
Jul 201201385.133.02$39
Jun 20120979.822.52$23
May 201203791.612.49$92
Apr 201202101.652.00$4
Mar 2012023105.052.22$51
Feb 2012058101.102.57$149
Jan 20120198.092.73$3
Dec 201105396.873.24$172
Nov 201106395.723.31$209
Oct 20110184.983.65$4
Sep 201102083.623.99$80
Aug 2011010783.404.15$444
Jul 2011010494.144.52$470
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 2011110105.964.33$149
Mar 201102496.364.06$97
Feb 201102785.644.18$113
Jan 201102186.504.59$96
Dec 201002885.734.35$122
Nov 201001780.843.80$65
Oct 201038878.103.51$543
Sep 20102272.633.98$153
Aug 201002073.684.42$88
Jul 2010018672.554.74$881
Jun 20101170.364.91$75
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 201008878.394.39$386
Feb 201007573.585.44$408
Jan 201009774.365.96$579
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 200903272.544.11$132
Sep 200908365.543.06$254
Aug 20090067.423.22$0
Jul 200904161.133.46$142
Jun 200901566.163.90$58
May 20090054.743.93$0
Apr 200902746.773.59$97
Mar 200907242.144.06$292
Feb 20090032.814.63$0
Jan 200908135.865.37$435
Dec 2008010337.105.98$616
Nov 20080055.496.86$0
Oct 200804075.246.92$277
Sep 200800101.767.88$0
Aug 2008012114.228.48$102
Jul 20080216131.0811.39$2,460
Jun 2008012131.3313.03$156
May 2008022123.1711.57$255
Apr 200800110.3110.45$0
Mar 20080100101.909.66$966
Feb 200808992.538.77$781
Jan 200808390.388.21$681
Dec 200708788.337.30$635
Nov 2007010391.677.29$751
Oct 200707182.856.92$491
Sep 200709775.846.24$606
Aug 200709469.066.39$600
Jul 200707670.906.39$485
Jun 200703162.007.55$234
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 200609854.906.01$589
Sep 2006010260.085.04$514
Aug 200607468.717.34$543
Jul 2006016569.376.34$1,047
Jun 200606666.286.38$421
May 200606766.016.42$430
Apr 200605564.397.36$405
Mar 200608556.707.08$602
Feb 200606457.597.75$496
Jan 200609460.598.93$840
Dec 200509554.9413.42$1,274
Nov 200507454.6910.59$784
Oct 200508158.3413.80$1,117
Sep 200508161.4512.08$978
Aug 200506661.519.80$647
Jul 200552655.697.84$482
Jun 20050752.337.38$52
May 200502245.226.65$146
Apr 2005023349.207.36$1,715
Mar 2005015350.377.15$1,095
Feb 2005014445.226.31$909
Jan 200512321043.166.32$6,636
Dec 2004039639.866.75$2,673
Nov 2004046745.286.33$2,956
Oct 2004047449.706.52$3,088
Sep 2004048543.245.28$2,563
Aug 2004051542.375.55$2,859
Jul 2004049138.286.08$2,987
Jun 2004050336.106.43$3,236
May 2004055637.486.49$3,611
Apr 2004044934.475.86$2,630
Mar 2004038334.365.53$2,118
Feb 2004043632.455.51$2,402
Jan 2004047632.036.30$2,999
Dec 2003049430.266.30$3,113
Nov 2003048528.804.60$2,229
Oct 2003048228.174.76$2,294
Sep 2003043526.314.75$2,066
Aug 2003046629.765.13$2,390
Jul 2003045129.415.17$2,332
Jun 2003044928.565.98$2,686
May 2003044826.595.97$2,676
Apr 2003046026.675.41$2,487
Mar 2003052531.146.10$3,200
Feb 2003046133.487.93$3,654
Jan 2003051830.315.58$2,892
Dec 2002163026.914.85$3,085
Nov 2002051224.664.14$2,118
Oct 2002044326.464.23$1,874
Sep 2002037427.443.64$1,360
Aug 2002038425.963.16$1,215
Jul 2002046024.583.06$1,408
Jun 2002046623.733.34$1,556
May 2002045824.663.58$1,641
Apr 2002543523.653.51$1,646
Mar 2002443622.003.10$1,441
Feb 2002345318.222.38$1,131
Jan 2002054417.172.38$1,292
Dec 2001053716.932.36$1,270
Nov 2001019318.072.41$464
Oct 200115119.782.53$149
Sep 2001024924.262.25$561
Aug 2001015824.873.05$482
Jul 2001939123.933.20$1,465
Jun 2001046124.563.82$1,763
May 2001083225.524.31$3,584
Apr 20010024.685.34$0
Mar 2001021624.545.38$1,161
Feb 2001043227.755.77$2,491
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 2000036931.235.15$1,899
Sep 20000031.875.19$0
Aug 2000020829.644.54$944
Jul 200015318728.534.09$5,130
Jun 20003029.304.40$88
May 2000026827.263.68$986
Apr 2000021424.513.12$667
Mar 2000029028.422.86$829
Feb 2000053127.622.73$1,448
Jan 2000019425.272.48$481
Dec 1999038224.282.42$926
Nov 1999048523.192.43$1,180
Oct 1999018420.982.80$516
Sep 1999564221.752.62$1,790
Aug 1999064519.262.88$1,855
Jul 1999099617.892.37$2,363
Jun 1999673515.942.36$1,832
May 1999088815.792.32$2,061
Apr 1999294515.102.21$2,117
Mar 199901,19212.471.84$2,191
Feb 19991781,0429.981.82$3,671
Jan 199901,18310.381.90$2,248
Dec 199801,7849.201.77$3,164
Nov 19981741,91610.892.19$6,083
Oct 199803,26312.421.97$6,426
Sep 199803,55612.592.08$7,406
Aug 19981655,67311.301.91$12,685
Jul 1998025411.742.24$568

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 2020 — as filed, then multipliedworked
Condensate            10 bbl  × $ 49.88 =       $499
Gas                   11 Mcf  × $  1.98 =        $22

────────────────────────────────────────────────────
Month total                                     $521

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. 7C/G/170155 is the state's own key, not one this site invented.