TURNER RANCH T.D. 26

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 19422District 7CField 47684100OilCasinghead gasSaveExport
Value, all time
$1.5 M
Jun 2015 – Mar 2018
Value, last 12 filed months
$410 k
at the published price for each month
Months reported
34
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
OilDisposition30,688 bbl$1,318,334
Casinghead gasProduction53,576 Mcf$146,990
Total$1,465,324

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 31.5530, -100.7412. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.55304, -100.74121 · 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
0.0%
0 of 2 wells
Median depth
7,400 ft
2 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
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 7,400 and 7,400 ft, median 7,400 ft, over the 2 wells that filed a depth.

Completions filed
Jun 2015 – Jul 2017
2 of 2 wells

2 wells

42-4513285657,400 ftJul 2017Yes
42-4513250717,400 ftJun 2015Yes

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 (34)

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

34 months

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 20173,76019,94445.373.00$230,511
Jul 20171,2962,56443.873.09$64,771
Jun 201772497542.493.09$33,773
May 201783362145.373.26$39,820
Apr 201785413147.933.21$41,353
Mar 20171,221046.772.98$57,106
Feb 2017746050.452.95$37,636
Jan 20171,171049.413.42$57,859
Dec 20161,08418648.763.72$53,548
Nov 201688458342.492.64$39,103
Oct 20161,21051346.193.09$57,475
Sep 20161,2881,57541.553.10$58,400
Aug 20161,4491,02041.442.92$63,029
Jul 20161,449041.622.92$60,307
Jun 20161,1922,24345.352.69$60,082
May 20161,1501,79842.521.99$52,478
Apr 20161,0302,78136.561.99$43,194
Mar 20169522,06733.011.79$35,134
Feb 201665993226.472.06$19,367
Jan 20166691,13427.352.36$20,978
Dec 201535959032.362.00$12,798
Nov 20158551,70338.792.17$36,856
Oct 20151,4542,54143.552.43$69,488
Sep 20151,7694,03542.992.76$87,180
Aug 20151,4352,52240.162.87$64,874
Jul 20151,0052,50448.152.95$55,765
Jun 201519061456.152.88$12,439

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                3,760 bbl  × $ 45.37 =   $170,591
Casinghead gas    19,944 Mcf  × $  3.00 =    $59,920

────────────────────────────────────────────────────
Month total                                 $230,511

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/19422 is the state's own key, not one this site invented.