WASSON

Operated by MAGNUM ENGINEERING COMPANY (P-5 521539) in the ACKERLY (DEAN SAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 62699District 8AField 00448200OilCasinghead gasSaveExport
Value, all time
$195 k
Jan 1993 – Dec 2007
Value, last 12 filed months
$0
at the published price for each month
Months reported
180
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 350 leases and 843 wells, and the rule below applies to all of them.

Discovered
1954-06-29
as the register files it
Field class
Oil and gas
the register's own label
Between wells
900 ft
minimum
From a lease line
550 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2017-01-24.

The Commission's schedule remark for this field reads: RULES.

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
OilDisposition10,722 bbl$195,128
Casinghead gasProduction47 Mcf$0
Total$195,128

47 Mcf of this lease's gas, across 17 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 32.6157, -101.7202. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.61573, -101.72015 · 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%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
8,370 ft
1 wells filed one
Completion to plug
25.3 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 8,370 ft.

Completions filed
Jan 1980
1 of 1 wells
Plug dates filed
Apr 2005
1 of 1 wells

Last completion to plug: a median of 25.3 years across the 1 well that filed both dates, with the middle half between 25.3 years and 25.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-1153131418,370 ftJan 1980Apr 2005Yes

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 (180)

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

180 months

Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 2000172032.215.66$5,540
Oct 2000172031.235.15$5,372
Sep 20000031.875.19$0
Aug 2000177029.644.54$5,246
Jul 2000171028.534.09$4,879
Jun 20000029.304.40$0
May 2000174027.263.68$4,743
Apr 2000175024.513.12$4,289
Mar 20000028.422.86$0
Feb 2000172027.622.73$4,751
Jan 2000173025.272.48$4,372
Dec 19990024.282.42$0
Nov 1999174023.192.43$4,035
Oct 19990020.982.80$0
Sep 1999126021.752.62$2,741
Aug 1999173019.262.88$3,332
Jul 1999170017.892.37$3,041
Jun 1999169015.942.36$2,694
May 19990015.792.32$0
Apr 1999171015.102.21$2,582
Mar 1999172012.471.84$2,145
Feb 1999009.981.82$0
Jan 1999179010.381.90$1,858
Dec 1998009.201.77$0
Nov 1998191010.892.19$2,080
Oct 1998170012.421.97$2,111
Sep 1998171012.592.08$2,153
Aug 19980011.301.91$0
Jul 1998183011.742.24$2,148
Jun 1998169011.242.24$1,900
May 19980012.622.21$0
Apr 1998172013.042.51$2,243
Mar 1998170012.802.31$2,176
Feb 19980013.952.30$0
Jan 1998170014.702.15$2,499
Dec 1997166016.322.41$2,709
Nov 19970018.193.09$0
Oct 1997149019.253.15$2,868
Sep 1997182017.742.95$3,229
Aug 1997170017.862.55$3,036
Jul 19970017.582.25$0
Jun 1997169017.242.26$2,914
May 1997170018.972.31$3,225
Apr 19970017.882.08$0
Mar 1997166018.951.94$3,146
Feb 1997171020.492.21$3,504
Jan 1997158023.483.54$3,710
Dec 19960023.32$0
Nov 1996175021.97$3,845
Oct 1996172023.31$4,009
Sep 19960022.22$0
Aug 1996172020.26$3,485
Jul 1996169019.55$3,304
Jun 1996177018.73$3,315
May 19960019.43$0
Apr 1996160021.51$3,442
Mar 1996172019.38$3,333
Feb 19960016.98$0
Jan 1996179017.07$3,056
Dec 1995183017.19$3,146
Nov 19950016.00$0
Oct 1995183015.43$2,824
Sep 1995184016.18$2,977
Aug 19950015.92$0
Jul 1995177015.24$2,697
Jun 1995166016.41$2,724
May 1995183017.56$3,213
Apr 19950017.73$0
Mar 1995183016.44$3,009
Feb 1995179016.58$2,968
Jan 19950015.92$0
Dec 1994174015.03$2,615
Nov 1994171015.90$2,719
Oct 1994165015.58$2,571
Sep 1994184115.29$2,813
Aug 1994168116.13$2,710
Jul 19940117.56$0
Jun 1994171017.09$2,922
May 1994182115.88$2,890
Apr 19940014.14$0
Mar 1994178112.46$2,218
Feb 19940112.50$0
Jan 19940112.66$0
Dec 19930012.33$0
Nov 19930114.49$0
Oct 19930115.85$0
Sep 19930115.03$0
Aug 1993180115.66$2,819
Jul 1993175115.46$2,706
Jun 19930116.79$0
May 1993180117.68$3,182
Apr 1993180118.05$3,249
Mar 199303118.14$0
Feb 19930017.90$0
Jan 1993183116.93$3,098

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.

Nov 2000 — as filed, then multipliedworked
Oil                  172 bbl  × $ 32.21 =     $5,540
Casinghead gas         0 Mcf  × $  5.66 =         $0

────────────────────────────────────────────────────
Month total                                   $5,540

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. 8A/O/62699 is the state's own key, not one this site invented.