OSTRANDER

Name: OSTRANDER lease production and value, Jun 2008 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SOUTHERN EXPLORATION, INC. (P-5 803812) in the ARDEN, S. (CANYON SD.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 16615District 7CField 03492333OilCasinghead gasSave Export

Value, all time

$2.1 M

Jun 2008 – Apr 2019

Value, last 12 filed months

$639

at the published price for each month

Months reported

131

no gaps in the span

Streams

oil, casinghead gas

The ARDEN, S. (CANYON SD.) 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 18 leases and 53 wells, and the rule below applies to all of them.

Discovered

1965-09-15

as the register files it

Field class

Oil and gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

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	23,975 bbl	$1,891,446
Casinghead gas	Production	57,696 Mcf	$239,242
Total			$2,130,688

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 31.4587, -100.7088. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.9 miles.

31.45871, -100.70882 · 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

7,316 ft

2 wells filed one

Completion to plug

6.8 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 7,220 and 7,412 ft, median 7,316 ft, over the 2 wells that filed a depth.

Completions filed

Feb 2009 – Oct 2018

2 of 2 wells

Plug dates filed

Jan 2018 – Jun 2023

2 of 2 wells

Last completion to plug: a median of 6.8 years across the 2 wells that filed both dates, with the middle half between 5.8 years and 7.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-23534247	30	7,220 ft	Oct 2018	Jun 2023	Yes
42-23534404	31	7,412 ft	Feb 2009	Jan 2018	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 (131)

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

131 months


Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	0	56.80	3.06	$0
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	90	59.54	3.11	$280
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	90	65.14	2.93	$264
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	33	65.38	2.90	$96
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	168	62.87	4.01	$674
Dec 2017	0	112	57.27	2.92	$327
Nov 2017	0	210	55.42	3.12	$655
Oct 2017	0	116	49.29	2.98	$346
Sep 2017	0	210	47.52	3.09	$648
Aug 2017	0	138	45.37	3.00	$415
Jul 2017	0	150	43.87	3.09	$463
Jun 2017	0	190	42.49	3.09	$587
May 2017	0	224	45.37	3.26	$731
Apr 2017	0	227	47.93	3.21	$729
Mar 2017	170	179	46.77	2.98	$8,485
Feb 2017	0	173	50.45	2.95	$511
Jan 2017	0	320	49.41	3.42	$1,094
Dec 2016	0	307	48.76	3.72	$1,143
Nov 2016	0	262	42.49	2.64	$693
Oct 2016	176	223	46.19	3.09	$8,819
Sep 2016	0	248	41.55	3.10	$769
Aug 2016	0	252	41.44	2.92	$737
Jul 2016	174	295	41.62	2.92	$8,105
Jun 2016	0	364	45.35	2.69	$978
May 2016	0	315	42.52	1.99	$627
Apr 2016	0	509	36.56	1.99	$1,013
Mar 2016	0	344	33.01	1.79	$617
Feb 2016	0	318	26.47	2.06	$656
Jan 2016	0	428	27.35	2.36	$1,012
Dec 2015	307	331	32.36	2.00	$10,597
Nov 2015	0	421	38.79	2.17	$912
Oct 2015	0	373	43.55	2.43	$905
Sep 2015	0	373	42.99	2.76	$1,029
Aug 2015	0	409	40.16	2.87	$1,175
Jul 2015	171	387	48.15	2.95	$9,373
Jun 2015	0	382	56.15	2.88	$1,101
May 2015	0	352	55.21	2.96	$1,040
Apr 2015	171	402	49.82	2.71	$9,607
Mar 2015	177	428	42.89	2.93	$8,848
Feb 2015	168	391	44.66	2.98	$8,667
Jan 2015	0	479	43.43	3.10	$1,485
Dec 2014	0	489	54.69	3.59	$1,756
Nov 2014	340	487	70.46	4.25	$26,027
Oct 2014	0	485	78.30	3.90	$1,892
Sep 2014	0	452	86.16	4.05	$1,829
Aug 2014	157	463	89.39	4.04	$15,902
Jul 2014	174	458	96.56	4.18	$18,716
Jun 2014	0	435	98.16	4.74	$2,061
May 2014	165	449	94.73	4.73	$17,753
Apr 2014	172	409	95.94	4.81	$18,469
Mar 2014	166	137	95.89	5.06	$16,611
Feb 2014	0	365	97.40	6.19	$2,260
Jan 2014	334	451	90.40	4.86	$32,386
Dec 2013	0	515	91.82	4.35	$2,243
Nov 2013	168	479	88.85	3.74	$16,717
Oct 2013	172	444	97.42	3.78	$18,434
Sep 2013	169	414	104.11	3.72	$19,134
Aug 2013	0	432	104.25	3.52	$1,522
Jul 2013	341	469	102.52	3.72	$36,703
Jun 2013	0	368	94.40	3.93	$1,447
May 2013	168	384	94.83	4.15	$17,525
Apr 2013	172	0	93.96	4.28	$16,161
Mar 2013	165	498	93.62	3.91	$17,396
Feb 2013	170	465	91.23	3.42	$17,099
Jan 2013	169	513	91.60	3.42	$17,235
Dec 2012	178	0	86.77	3.42	$15,445
Nov 2012	355	0	86.95	3.62	$30,867
Oct 2012	176	519	89.38	3.40	$17,495
Sep 2012	0	506	94.67	2.92	$1,477
Aug 2012	177	571	92.66	2.91	$18,061
Jul 2012	177	283	85.13	3.02	$15,923
Jun 2012	176	0	79.82	2.52	$14,048
May 2012	175	0	91.61	2.49	$16,032
Apr 2012	179	0	101.65	2.00	$18,195
Mar 2012	359	0	105.05	2.22	$37,713
Feb 2012	267	128	101.10	2.57	$27,323
Jan 2012	170	0	98.09	2.73	$16,675
Dec 2011	356	584	96.87	3.24	$36,378
Nov 2011	0	512	95.72	3.31	$1,695
Oct 2011	357	533	84.98	3.65	$32,283
Sep 2011	179	511	83.62	3.99	$17,005
Aug 2011	355	0	83.40	4.15	$29,607
Jul 2011	0	173	94.14	4.52	$781
Jun 2011	355	983	92.90	4.64	$37,541
May 2011	178	568	98.13	4.40	$19,969
Apr 2011	360	576	105.96	4.33	$40,642
Mar 2011	176	660	96.36	4.06	$19,637
Feb 2011	362	620	85.64	4.18	$33,593
Jan 2011	0	695	86.50	4.59	$3,189
Dec 2010	543	791	85.73	4.35	$49,990
Nov 2010	357	854	80.84	3.80	$32,101
Oct 2010	180	928	78.10	3.51	$17,314
Sep 2010	182	979	72.63	3.98	$17,115
Aug 2010	360	873	73.68	4.42	$30,383
Jul 2010	176	1,015	72.55	4.74	$17,576
Jun 2010	355	941	70.36	4.91	$29,598
May 2010	529	1,011	71.12	4.24	$41,904
Apr 2010	179	933	81.69	4.12	$18,469
Mar 2010	354	1,183	78.39	4.39	$32,942
Feb 2010	541	1,132	73.58	5.44	$45,968
Jan 2010	542	1,234	74.36	5.96	$47,663
Dec 2009	544	1,372	71.44	5.48	$46,387
Nov 2009	723	1,404	74.59	3.75	$59,196
Oct 2009	538	1,974	72.54	4.11	$47,140
Sep 2009	341	850	65.54	3.06	$24,954
Aug 2009	519	2,027	67.42	3.22	$41,515
Jul 2009	712	729	61.13	3.46	$46,050
Jun 2009	176	130	66.16	3.90	$12,151
May 2009	358	655	54.74	3.93	$22,168
Apr 2009	357	1,041	46.77	3.59	$20,431
Mar 2009	355	1,057	42.14	4.06	$19,250
Feb 2009	353	0	32.81	4.63	$11,582
Jan 2009	532	0	35.86	5.37	$19,078
Dec 2008	534	0	37.10	5.98	$19,811
Nov 2008	535	0	55.49	6.86	$29,687
Oct 2008	536	1,917	75.24	6.92	$53,598
Sep 2008	870	2,960	101.76	7.88	$111,847
Aug 2008	1,230	0	114.22	8.48	$140,491
Jul 2008	681	0	131.08	11.39	$89,265
Jun 2008	0	0	131.33	13.03	$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.

Sep 2018 — as filed, then multipliedworked

Oil                    0 bbl  × $ 59.54 =         $0
Casinghead gas        90 Mcf  × $  3.11 =       $280

────────────────────────────────────────────────────
Month total                                     $280

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/16615 is the state's own key, not one this site invented.