RANCH HAND "8"

Name: RANCH HAND "8" lease production and value, May 2000 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by OXY USA INC. (P-5 630591) in the WORLD, EAST (STRAWN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 14992District 7CField 98797450Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$15.3 M

May 2000 – Nov 2015

Value, last 12 filed months

$2 k

at the published price for each month

Months reported

187

no gaps in the span

Streams

oil, casinghead gas

The WORLD, EAST (STRAWN) 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 16 leases and 29 wells, and the rule below applies to all of them.

Discovered

1999-04-14

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,200 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2001-07-24.

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.

The Commission's schedule remark for this field reads: “FIELD APPROVED TO GO AOF PER AOF 2 SIGNED BY EACH OPERATOR.”

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	49,168 bbl	$1,475,369
Casinghead gas	Production	2,759,954 Mcf	$13,776,336
Total			$15,251,705

Wells on this lease (3)

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 31.0294, -101.6083. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.02989, -101.60828 · 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%

3 of 3 wells

With a plug date

100.0%

3 of 3 wells

Median depth

8,400 ft

3 wells filed one

Completion to plug

13.6 years

median over 3 wells

What the state filed about each well

On the RRC proration schedule

3100.0%

A plug date is filed

3100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

3100.0%

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 8,293 and 8,400 ft, median 8,400 ft, over the 3 wells that filed a depth.

Completions filed

May 2000 – Feb 2006

3 of 3 wells

Plug dates filed

Dec 2013 – Sep 2015

3 of 3 wells

Last completion to plug: a median of 13.6 years across the 3 wells that filed both dates, with the middle half between 11.6 years and 13.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells


42-10538855	3	8,293 ft	Feb 2006	Sep 2015	Yes
42-10538523	2	8,400 ft	Apr 2001	Apr 2015	Yes
42-10538353	1	8,400 ft	May 2000	Dec 2013	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 (187)

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

187 months


Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	3	117	49.82	2.71	$466
Mar 2015	0	9	42.89	2.93	$26
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	140	43.43	3.10	$434
Dec 2014	0	182	54.69	3.59	$654
Nov 2014	0	199	70.46	4.25	$846
Oct 2014	0	186	78.30	3.90	$726
Sep 2014	0	204	86.16	4.05	$825
Aug 2014	0	195	89.39	4.04	$787
Jul 2014	0	220	96.56	4.18	$920
Jun 2014	0	250	98.16	4.74	$1,184
May 2014	19	251	94.73	4.73	$2,986
Apr 2014	0	187	95.94	4.81	$899
Mar 2014	20	204	95.89	5.06	$2,949
Feb 2014	0	81	97.40	6.19	$502
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	184	88.85	3.74	$688
Oct 2013	0	171	97.42	3.78	$646
Sep 2013	0	202	104.11	3.72	$751
Aug 2013	0	475	104.25	3.52	$1,673
Jul 2013	50	268	102.52	3.72	$6,122
Jun 2013	0	154	94.40	3.93	$606
May 2013	70	233	94.83	4.15	$7,605
Apr 2013	0	216	93.96	4.28	$925
Mar 2013	0	257	93.62	3.91	$1,006
Feb 2013	0	177	91.23	3.42	$605
Jan 2013	65	88	91.60	3.42	$6,255
Dec 2012	0	228	86.77	3.42	$780
Nov 2012	0	230	86.95	3.62	$834
Oct 2012	80	244	89.38	3.40	$7,980
Sep 2012	0	233	94.67	2.92	$680
Aug 2012	52	229	92.66	2.91	$5,484
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	122	79.82	2.52	$307
May 2012	0	115	91.61	2.49	$286
Apr 2012	76	194	101.65	2.00	$8,113
Mar 2012	77	185	105.05	2.22	$8,500
Feb 2012	0	217	101.10	2.57	$558
Jan 2012	0	265	98.09	2.73	$725
Dec 2011	0	272	96.87	3.24	$881
Nov 2011	89	239	95.72	3.31	$9,310
Oct 2011	0	218	84.98	3.65	$795
Sep 2011	0	208	83.62	3.99	$829
Aug 2011	0	233	83.40	4.15	$967
Jul 2011	20	0	94.14	4.52	$1,883
Jun 2011	0	290	92.90	4.64	$1,346
May 2011	0	296	98.13	4.40	$1,304
Apr 2011	18	209	105.96	4.33	$2,813
Mar 2011	2	245	96.36	4.06	$1,187
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	66	0	85.73	4.35	$5,658
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	1,395	78.10	3.51	$4,895
Sep 2010	0	1,818	72.63	3.98	$7,235
Aug 2010	0	1,227	73.68	4.42	$5,423
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	1,203	70.36	4.91	$5,907
May 2010	0	1,442	71.12	4.24	$6,107
Apr 2010	0	1,464	81.69	4.12	$6,036
Mar 2010	56	1,625	78.39	4.39	$11,521
Feb 2010	0	1,498	73.58	5.44	$8,153
Jan 2010	0	1,419	74.36	5.96	$8,463
Dec 2009	52	1,410	71.44	5.48	$11,447
Nov 2009	41	1,145	74.59	3.75	$7,354
Oct 2009	83	974	72.54	4.11	$10,024
Sep 2009	0	1,039	65.54	3.06	$3,184
Aug 2009	49	1,177	67.42	3.22	$7,092
Jul 2009	56	1,780	61.13	3.46	$9,590
Jun 2009	0	1,466	66.16	3.90	$5,710
May 2009	51	1,797	54.74	3.93	$9,846
Apr 2009	51	2,450	46.77	3.59	$11,175
Mar 2009	0	2,825	42.14	4.06	$11,467
Feb 2009	49	2,333	32.81	4.63	$12,416
Jan 2009	53	2,281	35.86	5.37	$14,152
Dec 2008	78	1,449	37.10	5.98	$11,555
Nov 2008	26	178	55.49	6.86	$2,664
Oct 2008	21	180	75.24	6.92	$2,826
Sep 2008	35	44	101.76	7.88	$3,908
Aug 2008	29	101	114.22	8.48	$4,169
Jul 2008	63	262	131.08	11.39	$11,242
Jun 2008	60	501	131.33	13.03	$14,409
May 2008	27	1,074	123.17	11.57	$15,756
Apr 2008	0	1,913	110.31	10.45	$20,000
Mar 2008	0	2,250	101.90	9.66	$21,744
Feb 2008	0	5,096	92.53	8.77	$44,695
Jan 2008	2	5,193	90.38	8.21	$42,793
Dec 2007	0	5,057	88.33	7.30	$36,926
Nov 2007	3	4,305	91.67	7.29	$31,666
Oct 2007	0	3,543	82.85	6.92	$24,525
Sep 2007	0	6,411	75.84	6.24	$40,031
Aug 2007	2	5,914	69.06	6.39	$37,916
Jul 2007	0	3,891	70.90	6.39	$24,855
Jun 2007	1	2,908	62.00	7.55	$22,013
May 2007	0	4,922	58.74	7.85	$38,619
Apr 2007	2	3,321	59.61	7.81	$26,040
Mar 2007	53	3,261	56.92	7.30	$26,828
Feb 2007	51	4,473	55.10	8.22	$39,560
Jan 2007	91	3,062	50.30	6.73	$25,175
Dec 2006	74	2,945	56.65	6.92	$24,567
Nov 2006	23	1,913	54.20	7.62	$15,819
Oct 2006	1	1,573	54.90	6.01	$9,515
Sep 2006	198	4,671	60.08	5.04	$35,425
Aug 2006	155	1,608	68.71	7.34	$22,453
Jul 2006	105	1,962	69.37	6.34	$19,728
Jun 2006	112	2,690	66.28	6.38	$24,596
May 2006	204	2,533	66.01	6.42	$29,741
Apr 2006	93	1,982	64.39	7.36	$20,577
Mar 2006	93	2,206	56.70	7.08	$20,898
Feb 2006	31	2,844	57.59	7.75	$23,829
Jan 2006	28	2,149	60.59	8.93	$20,894
Dec 2005	0	1,371	54.94	13.42	$18,393
Nov 2005	15	3,059	54.69	10.59	$33,210
Oct 2005	11	2,423	58.34	13.80	$34,069
Sep 2005	19	1,518	61.45	12.08	$19,503
Aug 2005	19	1,959	61.51	9.80	$20,361
Jul 2005	16	2,896	55.69	7.84	$23,606
Jun 2005	27	364	52.33	7.38	$4,100
May 2005	0	445	45.22	6.65	$2,960
Apr 2005	10	480	49.20	7.36	$4,025
Mar 2005	24	444	50.37	7.15	$4,386
Feb 2005	44	2,075	45.22	6.31	$15,087
Jan 2005	122	711	43.16	6.32	$9,761
Dec 2004	43	9,835	39.86	6.75	$68,111
Nov 2004	116	10,453	45.28	6.33	$71,424
Oct 2004	0	6,786	49.70	6.52	$44,211
Sep 2004	102	4,725	43.24	5.28	$29,377
Aug 2004	124	2,711	42.37	5.55	$20,302
Jul 2004	302	30,590	38.28	6.08	$197,676
Jun 2004	303	30,207	36.10	6.43	$205,261
May 2004	0	29,020	37.48	6.49	$188,473
Apr 2004	377	31,777	34.47	5.86	$199,159
Mar 2004	368	63,075	34.36	5.53	$361,458
Feb 2004	733	59,438	32.45	5.51	$351,267
Jan 2004	760	64,175	32.03	6.30	$428,622
Dec 2003	362	65,471	30.26	6.30	$423,529
Nov 2003	744	65,969	28.80	4.60	$324,565
Oct 2003	718	68,417	28.17	4.76	$345,866
Sep 2003	717	63,671	26.31	4.75	$321,261
Aug 2003	359	67,373	29.76	5.13	$356,288
Jul 2003	750	68,742	29.41	5.17	$377,511
Jun 2003	720	63,461	28.56	5.98	$400,248
May 2003	1,080	67,048	26.59	5.97	$429,173
Apr 2003	732	75,878	26.67	5.41	$429,816
Mar 2003	736	76,880	31.14	6.10	$491,583
Feb 2003	1,147	77,139	33.48	7.93	$649,796
Jan 2003	1,128	84,918	30.31	5.58	$508,205
Dec 2002	1,185	82,708	26.91	4.85	$433,333
Nov 2002	1,144	72,680	24.66	4.14	$328,885
Oct 2002	1,869	81,775	26.46	4.23	$395,290
Sep 2002	1,461	73,053	27.44	3.64	$305,652
Aug 2002	1,687	80,170	25.96	3.16	$297,465
Jul 2002	2,024	38,122	24.58	3.06	$166,470
Jun 2002	1,138	58,713	23.73	3.34	$223,003
May 2002	788	37,906	24.66	3.58	$155,287
Apr 2002	760	36,750	23.65	3.51	$147,052
Mar 2002	765	37,166	22.00	3.10	$132,146
Feb 2002	778	33,603	18.22	2.38	$94,005
Jan 2002	807	37,243	17.17	2.38	$102,334
Dec 2001	809	37,722	16.93	2.36	$102,886
Nov 2001	823	37,016	18.07	2.41	$103,914
Oct 2001	732	37,716	19.78	2.53	$109,858
Sep 2001	1,157	37,974	24.26	2.25	$113,560
Aug 2001	381	38,749	24.87	3.05	$127,782
Jul 2001	940	38,472	23.93	3.20	$145,492
Jun 2001	788	37,331	24.56	3.82	$162,113
May 2001	610	37,813	25.52	4.31	$178,440
Apr 2001	1,171	42,622	24.68	5.34	$256,302
Mar 2001	777	40,184	24.54	5.38	$235,114
Feb 2001	766	36,523	27.75	5.77	$231,888
Jan 2001	945	41,026	27.47	8.40	$370,527
Dec 2000	379	40,242	26.88	9.12	$377,295
Nov 2000	1,190	40,402	32.21	5.66	$266,924
Oct 2000	1,952	43,076	31.23	5.15	$282,609
Sep 2000	1,147	39,104	31.87	5.19	$239,368
Aug 2000	1,341	40,562	29.64	4.54	$223,929
Jul 2000	1,707	42,727	28.53	4.09	$223,443
Jun 2000	1,510	28,603	29.30	4.40	$170,018
May 2000	0	5,222	27.26	3.68	$19,216

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 2015 — as filed, then multipliedworked

Oil                    3 bbl  × $ 49.82 =       $149
Casinghead gas       117 Mcf  × $  2.71 =       $317

────────────────────────────────────────────────────
Month total                                     $466

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/14992 is the state's own key, not one this site invented.