PALOMINO "37"

Name: PALOMINO "37" lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by KEYSTONE ENERGY OIL & GAS, INC. (P-5 458777) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 10131District 7CField 85279200NGPA filingOilCasinghead gasSave Export

Value, all time

$493 k

Jan 1993 – Apr 2002

Value, last 12 filed months

$5 k

at the published price for each month

Months reported

112

no gaps in the span

Streams

oil, casinghead gas

The SPRABERRY (TREND AREA) 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 7,461 leases and 22,481 wells, and the rule below applies to all of them.

Discovered

1904-12-31

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2016-03-08.

The Commission's schedule remark for this field reads: “AREA) 85279200.”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	2	none	—	—

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.

Stream	Basis	Volume	Value
Oil	Disposition	23,282 bbl	$387,985
Casinghead gas	Production	108,184 Mcf	$105,272
Total			$493,257

69,141 Mcf of this lease's gas, across 48 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 (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 31.4978, -101.6878. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.49779, -101.68782 · 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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

8,525 ft

2 wells filed one

Completion to plug

16.8 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 8,500 and 8,550 ft, median 8,525 ft, over the 2 wells that filed a depth.

Completions filed

Mar 1983 – Apr 1985

2 of 2 wells

Plug dates filed

Dec 1999 – Feb 2002

2 of 2 wells

Last completion to plug: a median of 16.8 years across the 2 wells that filed both dates, with the middle half between 16.8 years and 16.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-38333378	2	8,500 ft	Apr 1985	Feb 2002	Yes
42-38332432	1	8,550 ft	Mar 1983	Dec 1999	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 (112)

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

112 months


Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	89	0	18.07	2.41	$1,608
Oct 2001	0	176	19.78	2.53	$445
Sep 2001	0	152	24.26	2.25	$342
Aug 2001	0	166	24.87	3.05	$507
Jul 2001	0	162	23.93	3.20	$518
Jun 2001	0	169	24.56	3.82	$646
May 2001	0	170	25.52	4.31	$732
Apr 2001	189	165	24.68	5.34	$5,545
Mar 2001	0	360	24.54	5.38	$1,936
Feb 2001	177	172	27.75	5.77	$5,904
Jan 2001	178	279	27.47	8.40	$7,233
Dec 2000	0	459	26.88	9.12	$4,187
Nov 2000	186	175	32.21	5.66	$6,981
Oct 2000	0	309	31.23	5.15	$1,590
Sep 2000	0	14	31.87	5.19	$73
Aug 2000	0	132	29.64	4.54	$599
Jul 2000	180	335	28.53	4.09	$6,505
Jun 2000	0	556	29.30	4.40	$2,445
May 2000	372	442	27.26	3.68	$11,767
Apr 2000	0	600	24.51	3.12	$1,870
Mar 2000	0	281	28.42	2.86	$804
Feb 2000	0	191	27.62	2.73	$521
Jan 2000	0	185	25.27	2.48	$459
Dec 1999	0	198	24.28	2.42	$480
Nov 1999	0	366	23.19	2.43	$891
Oct 1999	63	315	20.98	2.80	$2,205
Sep 1999	0	297	21.75	2.62	$778
Aug 1999	0	267	19.26	2.88	$768
Jul 1999	187	449	17.89	2.37	$4,411
Jun 1999	384	733	15.94	2.36	$7,852
May 1999	187	733	15.79	2.32	$4,654
Apr 1999	191	271	15.10	2.21	$3,482
Mar 1999	197	747	12.47	1.84	$3,830
Feb 1999	199	645	9.98	1.82	$3,158
Jan 1999	194	836	10.38	1.90	$3,602
Dec 1998	661	1,316	9.20	1.77	$8,415
Nov 1998	0	580	10.89	2.19	$1,268
Oct 1998	0	552	12.42	1.97	$1,087
Sep 1998	188	606	12.59	2.08	$3,629
Aug 1998	149	799	11.30	1.91	$3,208
Jul 1998	182	884	11.74	2.24	$4,114
Jun 1998	187	710	11.24	2.24	$3,690
May 1998	199	886	12.62	2.21	$4,466
Apr 1998	378	872	13.04	2.51	$7,114
Mar 1998	382	925	12.80	2.31	$7,026
Feb 1998	341	1,301	13.95	2.30	$7,748
Jan 1998	378	1,186	14.70	2.15	$8,112
Dec 1997	191	1,088	16.32	2.41	$5,740
Nov 1997	190	1,076	18.19	3.09	$6,779
Oct 1997	188	1,233	19.25	3.15	$7,503
Sep 1997	185	1,329	17.74	2.95	$7,209
Aug 1997	192	1,372	17.86	2.55	$6,934
Jul 1997	375	1,386	17.58	2.25	$9,707
Jun 1997	185	1,363	17.24	2.26	$6,266
May 1997	185	1,403	18.97	2.31	$6,748
Apr 1997	374	1,593	17.88	2.08	$10,005
Mar 1997	196	1,604	18.95	1.94	$6,825
Feb 1997	390	1,429	20.49	2.21	$11,143
Jan 1997	772	2,043	23.48	3.54	$25,358
Dec 1996	196	1,368	23.32	—	$4,571
Nov 1996	194	1,282	21.97	—	$4,262
Oct 1996	365	1,167	23.31	—	$8,508
Sep 1996	189	1,182	22.22	—	$4,200
Aug 1996	195	1,329	20.26	—	$3,951
Jul 1996	574	1,664	19.55	—	$11,222
Jun 1996	187	1,800	18.73	—	$3,503
May 1996	575	2,234	19.43	—	$11,172
Apr 1996	0	883	21.51	—	$0
Mar 1996	0	576	19.38	—	$0
Feb 1996	0	733	16.98	—	$0
Jan 1996	0	641	17.07	—	$0
Dec 1995	0	694	17.19	—	$0
Nov 1995	179	834	16.00	—	$2,864
Oct 1995	0	1,455	15.43	—	$0
Sep 1995	183	1,332	16.18	—	$2,961
Aug 1995	341	1,624	15.92	—	$5,429
Jul 1995	378	1,646	15.24	—	$5,761
Jun 1995	561	1,836	16.41	—	$9,206
May 1995	371	1,950	17.56	—	$6,515
Apr 1995	380	1,904	17.73	—	$6,737
Mar 1995	379	1,762	16.44	—	$6,231
Feb 1995	556	1,544	16.58	—	$9,218
Jan 1995	736	2,014	15.92	—	$11,717
Dec 1994	741	2,351	15.03	—	$11,137
Nov 1994	0	968	15.90	—	$0
Oct 1994	365	1,344	15.58	—	$5,687
Sep 1994	371	1,844	15.29	—	$5,673
Aug 1994	556	2,399	16.13	—	$8,968
Jul 1994	370	2,163	17.56	—	$6,497
Jun 1994	527	2,060	17.09	—	$9,006
May 1994	552	1,953	15.88	—	$8,766
Apr 1994	749	1,672	14.14	—	$10,591
Mar 1994	1,109	2,980	12.46	—	$13,818
Feb 1994	866	2,550	12.50	—	$10,825
Jan 1994	920	3,258	12.66	—	$11,647
Dec 1993	0	526	12.33	—	$0
Nov 1993	0	316	14.49	—	$0
Oct 1993	0	900	15.85	—	$0
Sep 1993	0	1,003	15.03	—	$0
Aug 1993	0	1,005	15.66	—	$0
Jul 1993	0	974	15.46	—	$0
Jun 1993	0	947	16.79	—	$0
May 1993	0	1,029	17.68	—	$0
Apr 1993	0	461	18.05	—	$0
Mar 1993	176	1,209	18.14	—	$3,193
Feb 1993	0	812	17.90	—	$0
Jan 1993	0	963	16.93	—	$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.

Nov 2001 — as filed, then multipliedworked

Oil                   89 bbl  × $ 18.07 =     $1,608
Casinghead gas         0 Mcf  × $  2.41 =         $0

────────────────────────────────────────────────────
Month total                                   $1,608

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/O/10131 is the state's own key, not one this site invented.