BRANCH

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

Operated by PALO PETROLEUM, INC. (P-5 637400) 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 8934District 7CField 85279200NGPA filingOilCasinghead gasSave Export

Value, all time

$183 k

Jan 1993 – Oct 2003

Value, last 12 filed months

$1 k

at the published price for each month

Months reported

130

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	1	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	8,039 bbl	$151,648
Casinghead gas	Production	25,628 Mcf	$31,397
Total			$183,045

14,628 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 (1)

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 31.2313, -101.2910. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.23126, -101.29100 · 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%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

6,915 ft

1 wells filed one

Completion to plug

22.2 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

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

1100.0%

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

The one well that filed a depth was drilled to 6,915 ft.

Completions filed

Feb 1981

1 of 1 wells

Plug dates filed

Apr 2003

1 of 1 wells

Last completion to plug: a median of 22.2 years across the 1 well that filed both dates, with the middle half between 22.2 years and 22.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-38331861	1	6,915 ft	Feb 1981	Apr 2003	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 (130)

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

130 months


Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	37	0	29.41	5.17	$1,088
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	89	0	27.44	3.64	$2,442
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	181	58	24.58	3.06	$4,627
Jun 2002	0	118	23.73	3.34	$394
May 2002	0	127	24.66	3.58	$455
Apr 2002	179	1,007	23.65	3.51	$7,770
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	42	18.22	2.38	$100
Jan 2002	0	76	17.17	2.38	$181
Dec 2001	179	114	16.93	2.36	$3,300
Nov 2001	0	105	18.07	2.41	$253
Oct 2001	0	85	19.78	2.53	$215
Sep 2001	179	83	24.26	2.25	$4,529
Aug 2001	0	104	24.87	3.05	$318
Jul 2001	0	100	23.93	3.20	$320
Jun 2001	179	64	24.56	3.82	$4,641
May 2001	0	60	25.52	4.31	$258
Apr 2001	0	65	24.68	5.34	$347
Mar 2001	177	72	24.54	5.38	$4,731
Feb 2001	0	96	27.75	5.77	$554
Jan 2001	0	97	27.47	8.40	$815
Dec 2000	160	53	26.88	9.12	$4,784
Nov 2000	0	108	32.21	5.66	$611
Oct 2000	178	80	31.23	5.15	$5,971
Sep 2000	0	86	31.87	5.19	$446
Aug 2000	0	56	29.64	4.54	$254
Jul 2000	0	50	28.53	4.09	$204
Jun 2000	165	119	29.30	4.40	$5,358
May 2000	0	192	27.26	3.68	$707
Apr 2000	0	231	24.51	3.12	$720
Mar 2000	178	179	28.42	2.86	$5,571
Feb 2000	0	198	27.62	2.73	$540
Jan 2000	0	166	25.27	2.48	$412
Dec 1999	166	196	24.28	2.42	$4,506
Nov 1999	0	143	23.19	2.43	$348
Oct 1999	0	155	20.98	2.80	$435
Sep 1999	174	139	21.75	2.62	$4,149
Aug 1999	0	129	19.26	2.88	$371
Jul 1999	0	148	17.89	2.37	$351
Jun 1999	189	130	15.94	2.36	$3,320
May 1999	0	182	15.79	2.32	$422
Apr 1999	0	226	15.10	2.21	$499
Mar 1999	176	172	12.47	1.84	$2,511
Feb 1999	0	189	9.98	1.82	$344
Jan 1999	0	146	10.38	1.90	$277
Dec 1998	182	122	9.20	1.77	$1,891
Nov 1998	0	129	10.89	2.19	$282
Oct 1998	0	184	12.42	1.97	$362
Sep 1998	0	213	12.59	2.08	$444
Aug 1998	0	200	11.30	1.91	$381
Jul 1998	182	186	11.74	2.24	$2,553
Jun 1998	0	177	11.24	2.24	$396
May 1998	0	202	12.62	2.21	$446
Apr 1998	78	220	13.04	2.51	$1,568
Mar 1998	0	231	12.80	2.31	$533
Feb 1998	152	226	13.95	2.30	$2,640
Jan 1998	0	246	14.70	2.15	$530
Dec 1997	0	258	16.32	2.41	$622
Nov 1997	0	205	18.19	3.09	$633
Oct 1997	143	212	19.25	3.15	$3,421
Sep 1997	0	169	17.74	2.95	$499
Aug 1997	0	208	17.86	2.55	$531
Jul 1997	0	196	17.58	2.25	$440
Jun 1997	0	325	17.24	2.26	$734
May 1997	0	104	18.97	2.31	$240
Apr 1997	0	178	17.88	2.08	$371
Mar 1997	147	316	18.95	1.94	$3,398
Feb 1997	0	234	20.49	2.21	$516
Jan 1997	162	313	23.48	3.54	$4,912
Dec 1996	0	186	23.32	—	$0
Nov 1996	171	252	21.97	—	$3,757
Oct 1996	0	266	23.31	—	$0
Sep 1996	158	255	22.22	—	$3,511
Aug 1996	0	278	20.26	—	$0
Jul 1996	162	305	19.55	—	$3,167
Jun 1996	0	333	18.73	—	$0
May 1996	157	302	19.43	—	$3,051
Apr 1996	0	275	21.51	—	$0
Mar 1996	162	291	19.38	—	$3,140
Feb 1996	151	274	16.98	—	$2,564
Jan 1996	0	259	17.07	—	$0
Dec 1995	166	273	17.19	—	$2,854
Nov 1995	0	241	16.00	—	$0
Oct 1995	168	294	15.43	—	$2,592
Sep 1995	0	306	16.18	—	$0
Aug 1995	170	248	15.92	—	$2,706
Jul 1995	0	244	15.24	—	$0
Jun 1995	175	272	16.41	—	$2,872
May 1995	0	325	17.56	—	$0
Apr 1995	174	310	17.73	—	$3,085
Mar 1995	0	302	16.44	—	$0
Feb 1995	176	265	16.58	—	$2,918
Jan 1995	0	280	15.92	—	$0
Dec 1994	175	297	15.03	—	$2,630
Nov 1994	0	289	15.90	—	$0
Oct 1994	172	332	15.58	—	$2,680
Sep 1994	0	315	15.29	—	$0
Aug 1994	114	338	16.13	—	$1,839
Jul 1994	174	379	17.56	—	$3,055
Jun 1994	0	235	17.09	—	$0
May 1994	175	369	15.88	—	$2,779
Apr 1994	0	373	14.14	—	$0
Mar 1994	161	333	12.46	—	$2,006
Feb 1994	48	304	12.50	—	$600
Jan 1994	175	311	12.66	—	$2,216
Dec 1993	0	319	12.33	—	$0
Nov 1993	116	329	14.49	—	$1,681
Oct 1993	102	358	15.85	—	$1,617
Sep 1993	171	388	15.03	—	$2,570
Aug 1993	0	368	15.66	—	$0
Jul 1993	160	360	15.46	—	$2,474
Jun 1993	0	338	16.79	—	$0
May 1993	144	317	17.68	—	$2,546
Apr 1993	182	349	18.05	—	$3,285
Mar 1993	0	352	18.14	—	$0
Feb 1993	177	320	17.90	—	$3,168
Jan 1993	171	319	16.93	—	$2,895

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.

Jul 2003 — as filed, then multipliedworked

Oil                   37 bbl  × $ 29.41 =     $1,088
Casinghead gas         0 Mcf  × $  5.17 =         $0

────────────────────────────────────────────────────
Month total                                   $1,088

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/8934 is the state's own key, not one this site invented.