LESLIE TURNER

Operated by BANNER OPERATING, LLC (P-5 48537) in the JUNE ANN (STARKEY-CANYON SD) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 18733District 7CField 47684100OilCasinghead gasSaveExport
Value, all time
$771 k
May 2014 – May 2018
Value, last 12 filed months
$33 k
at the published price for each month
Months reported
49
no gaps in the span
Streams
2
oil, casinghead 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 15 leases and 24 wells, and the rule below applies to all of them.

Discovered
2007-01-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2012-03-20.

The Commission's schedule remark for this field reads: JUNE ANN (PENNSYLVANIAN).

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
OilDisposition14,219 bbl$679,508
Casinghead gasProduction32,371 Mcf$91,270
Total$770,778

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 31.8229, -100.2597. A lease has no coordinate of its own — that point is the mean of its wells, and they span 57.5 miles, so treat it as the lease's centre and not as its location.

31.82293, -100.25966 · 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%
2 of 2 wells
With a plug date
50.0%
1 of 2 wells
Median depth
6,247 ft
2 wells filed one
Completion to plug
6.5 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
150.0%
BothOn the schedule and plugged. Neither fact cancels the other.
150.0%
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 5,002 and 7,492 ft, median 6,247 ft, over the 2 wells that filed a depth.

Completions filed
Jun 1982 – Oct 2014
2 of 2 wells
Plug dates filed
Dec 1988
1 of 2 wells; 1 filed none

Last completion to plug: a median of 6.5 years across the 1 well that filed both dates, with the middle half between 6.5 years and 6.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-4513277360037,492 ftOct 2014Yes
42-3993219415,002 ftJun 1982Dec 1988Yes

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 (49)

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

49 months

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 201730330045.373.00$14,648
Jul 201720388843.873.09$11,647
Jun 2017921,04942.493.09$7,148
May 20172071,07045.373.26$12,883
Apr 2017245047.933.21$11,743
Mar 20172307746.772.98$10,987
Feb 201737810250.452.95$19,371
Jan 20173802249.413.42$18,851
Dec 201627318648.763.72$14,004
Nov 201623863642.492.64$11,794
Oct 20163421,03246.193.09$18,986
Sep 20163351,37141.553.10$18,170
Aug 20161741,57541.442.92$11,816
Jul 20161721,64541.622.92$11,969
Jun 20163311,10445.352.69$17,976
May 20163731,39342.521.99$18,633
Apr 20164931,12936.561.99$20,272
Mar 201633596933.011.79$12,797
Feb 201651387026.472.06$15,374
Jan 20164531,29427.352.36$15,449
Dec 20153451,06532.362.00$13,296
Nov 20155151,07438.792.17$22,305
Oct 20156751,09043.552.43$32,041
Sep 201550664742.992.76$23,538
Aug 201562594340.162.87$27,809
Jul 20151,0042,43748.152.95$55,520
Jun 20151,0261,93956.152.88$63,200
May 20157071,25455.212.96$42,740
Apr 2015151049.822.71$7,523
Mar 20151684442.892.93$7,335
Feb 201532698744.662.98$17,497
Jan 20151721,13143.433.10$10,977
Dec 20146811,60054.693.59$42,990
Nov 20143631,25670.464.25$30,917
Oct 201436019278.303.90$28,937
Sep 20140086.164.05$0
Aug 2014177089.394.04$15,822
Jul 2014144096.564.18$13,905
Jun 2014170098.164.74$16,687
May 201434094.734.73$3,221

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.

Aug 2017 — as filed, then multipliedworked
Oil                  303 bbl  × $ 45.37 =    $13,747
Casinghead gas       300 Mcf  × $  3.00 =       $901

────────────────────────────────────────────────────
Month total                                  $14,648

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/18733 is the state's own key, not one this site invented.