HOPEFUL FRED

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

Operated by RAW OIL & GAS, INC. (P-5 694863) in the PALADIN-BARTON (CANYON) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 66768District 8AField 68500075OilCasinghead gasSave Export

Value, all time

$7.1 M

Jan 1993 – Feb 2015

Value, last 12 filed months

$382

at the published price for each month

Months reported

266

no gaps in the span

Streams

oil, casinghead gas

The PALADIN-BARTON (CANYON) 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 10 leases and 11 wells, and the rule below applies to all of them.

Discovered

1991-10-25

as the register files it

Field class

Oil

the register's own label

Between wells

1,200 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1993-09-27.

The Commission's schedule remark for this field reads: “ADOPTED TEMPORARY RULES AS PERMANENT.”

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	191,394 bbl	$6,539,048
Casinghead gas	Production	234,929 Mcf	$548,982
Total			$7,088,029

121,196 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 32.6718, -100.9418. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.67179, -100.94178 · 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

6,910 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 6,910 ft.

Completions filed

Oct 1991

1 of 1 wells

Plug dates filed

Dec 2013

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


42-41533158	1	6,910 ft	Oct 1991	Dec 2013	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 (266)

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

266 months


Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	1	0	94.73	4.73	$95
Apr 2014	1	0	95.94	4.81	$96
Mar 2014	2	0	95.89	5.06	$192
Feb 2014	3	0	97.40	6.19	$292
Jan 2014	4	0	90.40	4.86	$362
Dec 2013	8	0	91.82	4.35	$735
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	34	0	97.42	3.78	$3,312
Sep 2013	44	0	104.11	3.72	$4,581
Aug 2013	163	1	104.25	3.52	$16,996
Jul 2013	230	656	102.52	3.72	$26,018
Jun 2013	350	594	94.40	3.93	$35,376
May 2013	348	611	94.83	4.15	$35,536
Apr 2013	352	596	93.96	4.28	$35,626
Mar 2013	317	445	93.62	3.91	$31,419
Feb 2013	325	249	91.23	3.42	$30,501
Jan 2013	351	369	91.60	3.42	$33,414
Dec 2012	221	337	86.77	3.42	$20,329
Nov 2012	328	538	86.95	3.62	$30,470
Oct 2012	191	285	89.38	3.40	$18,040
Sep 2012	480	649	94.67	2.92	$47,336
Aug 2012	459	767	92.66	2.91	$44,762
Jul 2012	212	429	85.13	3.02	$19,343
Jun 2012	340	306	79.82	2.52	$27,910
May 2012	356	347	91.61	2.49	$33,477
Apr 2012	372	280	101.65	2.00	$38,373
Mar 2012	366	280	105.05	2.22	$39,070
Feb 2012	365	286	101.10	2.57	$37,637
Jan 2012	477	308	98.09	2.73	$47,631
Dec 2011	326	15	96.87	3.24	$31,628
Nov 2011	22	10	95.72	3.31	$2,139
Oct 2011	181	178	84.98	3.65	$16,031
Sep 2011	503	407	83.62	3.99	$43,683
Aug 2011	487	418	83.40	4.15	$42,350
Jul 2011	366	442	94.14	4.52	$36,452
Jun 2011	617	429	92.90	4.64	$59,310
May 2011	467	431	98.13	4.40	$47,725
Apr 2011	379	446	105.96	4.33	$42,091
Mar 2011	499	480	96.36	4.06	$50,031
Feb 2011	580	343	85.64	4.18	$51,105
Jan 2011	231	432	86.50	4.59	$21,964
Dec 2010	497	466	85.73	4.35	$44,634
Nov 2010	642	435	80.84	3.80	$53,550
Oct 2010	691	494	78.10	3.51	$55,700
Sep 2010	529	472	72.63	3.98	$40,300
Aug 2010	671	502	73.68	4.42	$51,658
Jul 2010	509	482	72.55	4.74	$39,211
Jun 2010	484	461	70.36	4.91	$36,318
May 2010	529	524	71.12	4.24	$39,842
Apr 2010	491	648	81.69	4.12	$42,781
Mar 2010	467	545	78.39	4.39	$39,000
Feb 2010	519	463	73.58	5.44	$40,708
Jan 2010	764	554	74.36	5.96	$60,115
Dec 2009	347	481	71.44	5.48	$27,427
Nov 2009	632	492	74.59	3.75	$48,987
Oct 2009	646	551	72.54	4.11	$49,126
Sep 2009	634	553	65.54	3.06	$43,247
Aug 2009	492	574	67.42	3.22	$35,018
Jul 2009	485	598	61.13	3.46	$31,720
Jun 2009	764	461	66.16	3.90	$52,342
May 2009	482	420	54.74	3.93	$28,033
Apr 2009	350	547	46.77	3.59	$18,332
Mar 2009	578	582	42.14	4.06	$26,719
Feb 2009	460	525	32.81	4.63	$17,525
Jan 2009	557	453	35.86	5.37	$22,407
Dec 2008	713	505	37.10	5.98	$29,471
Nov 2008	224	491	55.49	6.86	$15,798
Oct 2008	566	376	75.24	6.92	$45,189
Sep 2008	695	356	101.76	7.88	$73,527
Aug 2008	234	615	114.22	8.48	$31,945
Jul 2008	383	603	131.08	11.39	$57,071
Jun 2008	435	643	131.33	13.03	$65,509
May 2008	650	612	123.17	11.57	$87,144
Apr 2008	462	637	110.31	10.45	$57,623
Mar 2008	715	626	101.90	9.66	$78,908
Feb 2008	420	582	92.53	8.77	$43,967
Jan 2008	645	595	90.38	8.21	$63,178
Dec 2007	556	658	88.33	7.30	$53,916
Nov 2007	569	687	91.67	7.29	$57,170
Oct 2007	581	720	82.85	6.92	$53,120
Sep 2007	629	632	75.84	6.24	$51,650
Aug 2007	534	711	69.06	6.39	$41,420
Jul 2007	561	656	70.90	6.39	$43,965
Jun 2007	590	562	62.00	7.55	$40,822
May 2007	553	684	58.74	7.85	$37,850
Apr 2007	620	606	59.61	7.81	$41,688
Mar 2007	629	480	56.92	7.30	$39,308
Feb 2007	554	528	55.10	8.22	$34,863
Jan 2007	614	432	50.30	6.73	$33,790
Dec 2006	791	463	56.65	6.92	$48,013
Nov 2006	465	308	54.20	7.62	$27,549
Oct 2006	610	465	54.90	6.01	$36,285
Sep 2006	602	613	60.08	5.04	$39,256
Aug 2006	515	448	68.71	7.34	$38,674
Jul 2006	611	564	69.37	6.34	$45,962
Jun 2006	803	347	66.28	6.38	$55,438
May 2006	522	419	66.01	6.42	$37,149
Apr 2006	586	408	64.39	7.36	$40,736
Mar 2006	592	398	56.70	7.08	$36,385
Feb 2006	490	330	57.59	7.75	$30,777
Jan 2006	468	562	60.59	8.93	$33,377
Dec 2005	728	528	54.94	13.42	$47,080
Nov 2005	511	695	54.69	10.59	$35,306
Oct 2005	661	555	58.34	13.80	$46,219
Sep 2005	562	487	61.45	12.08	$40,417
Aug 2005	598	677	61.51	9.80	$43,415
Jul 2005	568	568	55.69	7.84	$36,087
Jun 2005	601	614	52.33	7.38	$35,982
May 2005	602	677	45.22	6.65	$31,725
Apr 2005	563	668	49.20	7.36	$32,616
Mar 2005	673	397	50.37	7.15	$36,740
Feb 2005	664	367	45.22	6.31	$32,343
Jan 2005	719	332	43.16	6.32	$33,131
Dec 2004	675	421	39.86	6.75	$29,748
Nov 2004	604	473	45.28	6.33	$30,343
Oct 2004	664	537	49.70	6.52	$36,499
Sep 2004	693	1,797	43.24	5.28	$39,460
Aug 2004	585	1,896	42.37	5.55	$35,311
Jul 2004	419	1,243	38.28	6.08	$23,602
Jun 2004	644	859	36.10	6.43	$28,774
May 2004	480	892	37.48	6.49	$23,784
Apr 2004	652	1,267	34.47	5.86	$29,897
Mar 2004	542	1,134	34.36	5.53	$24,894
Feb 2004	552	315	32.45	5.51	$19,648
Jan 2004	565	452	32.03	6.30	$20,944
Dec 2003	699	258	30.26	6.30	$22,778
Nov 2003	660	1,602	28.80	4.60	$26,369
Oct 2003	370	422	28.17	4.76	$12,431
Sep 2003	460	433	26.31	4.75	$14,159
Aug 2003	416	425	29.76	5.13	$14,560
Jul 2003	400	287	29.41	5.17	$13,248
Jun 2003	446	444	28.56	5.98	$15,394
May 2003	501	485	26.59	5.97	$16,218
Apr 2003	527	562	26.67	5.41	$17,094
Mar 2003	557	577	31.14	6.10	$20,862
Feb 2003	529	505	33.48	7.93	$21,713
Jan 2003	506	1,076	30.31	5.58	$21,343
Dec 2002	431	789	26.91	4.85	$15,428
Nov 2002	480	821	24.66	4.14	$15,233
Oct 2002	579	580	26.46	4.23	$17,773
Sep 2002	573	590	27.44	3.64	$17,868
Aug 2002	573	524	25.96	3.16	$16,533
Jul 2002	565	569	24.58	3.06	$15,630
Jun 2002	449	634	23.73	3.34	$12,771
May 2002	507	648	24.66	3.58	$14,825
Apr 2002	532	653	23.65	3.51	$14,875
Mar 2002	498	696	22.00	3.10	$13,115
Feb 2002	458	548	18.22	2.38	$9,647
Jan 2002	475	487	17.17	2.38	$9,313
Dec 2001	480	461	16.93	2.36	$9,216
Nov 2001	444	442	18.07	2.41	$9,086
Oct 2001	522	463	19.78	2.53	$11,496
Sep 2001	422	449	24.26	2.25	$11,249
Aug 2001	463	442	24.87	3.05	$12,864
Jul 2001	456	492	23.93	3.20	$12,485
Jun 2001	465	433	24.56	3.82	$13,076
May 2001	491	478	25.52	4.31	$14,589
Apr 2001	563	466	24.68	5.34	$16,381
Mar 2001	507	492	24.54	5.38	$15,087
Feb 2001	547	418	27.75	5.77	$17,590
Jan 2001	503	455	27.47	8.40	$17,639
Dec 2000	500	323	26.88	9.12	$16,387
Nov 2000	574	448	32.21	5.66	$21,023
Oct 2000	537	492	31.23	5.15	$19,302
Sep 2000	560	460	31.87	5.19	$20,233
Aug 2000	609	377	29.64	4.54	$19,763
Jul 2000	518	501	28.53	4.09	$16,828
Jun 2000	632	496	29.30	4.40	$20,699
May 2000	654	593	27.26	3.68	$20,010
Apr 2000	635	577	24.51	3.12	$17,362
Mar 2000	660	487	28.42	2.86	$20,150
Feb 2000	628	459	27.62	2.73	$18,597
Jan 2000	738	482	25.27	2.48	$19,845
Dec 1999	742	426	24.28	2.42	$19,048
Nov 1999	630	372	23.19	2.43	$15,515
Oct 1999	595	421	20.98	2.80	$13,663
Sep 1999	724	445	21.75	2.62	$16,912
Aug 1999	571	482	19.26	2.88	$12,384
Jul 1999	760	443	17.89	2.37	$14,647
Jun 1999	647	461	15.94	2.36	$11,402
May 1999	705	457	15.79	2.32	$12,193
Apr 1999	718	365	15.10	2.21	$11,648
Mar 1999	679	347	12.47	1.84	$9,105
Feb 1999	628	181	9.98	1.82	$6,596
Jan 1999	901	1,126	10.38	1.90	$11,492
Dec 1998	741	819	9.20	1.77	$8,270
Nov 1998	334	498	10.89	2.19	$4,726
Oct 1998	792	660	12.42	1.97	$11,136
Sep 1998	576	653	12.59	2.08	$8,612
Aug 1998	837	566	11.30	1.91	$10,538
Jul 1998	813	653	11.74	2.24	$11,006
Jun 1998	461	565	11.24	2.24	$6,446
May 1998	411	779	12.62	2.21	$6,906
Apr 1998	1,140	792	13.04	2.51	$16,850
Mar 1998	560	783	12.80	2.31	$8,976
Feb 1998	717	757	13.95	2.30	$11,743
Jan 1998	705	878	14.70	2.15	$12,255
Dec 1997	833	837	16.32	2.41	$15,613
Nov 1997	720	843	18.19	3.09	$15,700
Oct 1997	772	918	19.25	3.15	$17,753
Sep 1997	789	937	17.74	2.95	$16,766
Aug 1997	794	1,052	17.86	2.55	$16,868
Jul 1997	754	1,102	17.58	2.25	$15,731
Jun 1997	794	1,075	17.24	2.26	$16,115
May 1997	792	987	18.97	2.31	$17,303
Apr 1997	845	1,058	17.88	2.08	$17,312
Mar 1997	881	1,137	18.95	1.94	$18,900
Feb 1997	788	1,023	20.49	2.21	$18,403
Jan 1997	895	1,214	23.48	3.54	$25,312
Dec 1996	884	1,246	23.32	—	$20,615
Nov 1996	880	1,265	21.97	—	$19,334
Oct 1996	881	1,409	23.31	—	$20,536
Sep 1996	868	1,260	22.22	—	$19,287
Aug 1996	865	1,313	20.26	—	$17,525
Jul 1996	848	1,240	19.55	—	$16,578
Jun 1996	833	1,507	18.73	—	$15,602
May 1996	867	1,842	19.43	—	$16,846
Apr 1996	867	1,753	21.51	—	$18,649
Mar 1996	975	1,833	19.38	—	$18,896
Feb 1996	858	1,619	16.98	—	$14,569
Jan 1996	976	1,763	17.07	—	$16,660
Dec 1995	996	1,707	17.19	—	$17,121
Nov 1995	1,002	1,618	16.00	—	$16,032
Oct 1995	1,293	1,770	15.43	—	$19,951
Sep 1995	1,007	1,274	16.18	—	$16,293
Aug 1995	1,167	1,370	15.92	—	$18,579
Jul 1995	1,202	2,246	15.24	—	$18,318
Jun 1995	1,054	1,954	16.41	—	$17,296
May 1995	1,197	2,008	17.56	—	$21,019
Apr 1995	1,183	1,721	17.73	—	$20,975
Mar 1995	1,373	2,126	16.44	—	$22,572
Feb 1995	1,155	1,898	16.58	—	$19,150
Jan 1995	1,289	3,820	15.92	—	$20,521
Dec 1994	1,396	2,106	15.03	—	$20,982
Nov 1994	1,512	2,526	15.90	—	$24,041
Oct 1994	1,434	1,501	15.58	—	$22,342
Sep 1994	1,721	1,762	15.29	—	$26,314
Aug 1994	1,565	2,028	16.13	—	$25,243
Jul 1994	1,784	3,598	17.56	—	$31,327
Jun 1994	1,669	2,904	17.09	—	$28,523
May 1994	1,961	3,110	15.88	—	$31,141
Apr 1994	1,967	3,059	14.14	—	$27,813
Mar 1994	2,013	3,153	12.46	—	$25,082
Feb 1994	1,919	3,023	12.50	—	$23,988
Jan 1994	2,203	3,247	12.66	—	$27,890
Dec 1993	2,248	3,377	12.33	—	$27,718
Nov 1993	2,294	3,673	14.49	—	$33,240
Oct 1993	2,542	5,460	15.85	—	$40,291
Sep 1993	2,598	6,336	15.03	—	$39,048
Aug 1993	2,564	4,361	15.66	—	$40,152
Jul 1993	3,026	4,878	15.46	—	$46,782
Jun 1993	2,789	5,108	16.79	—	$46,827
May 1993	2,851	3,214	17.68	—	$50,406
Apr 1993	3,102	2,702	18.05	—	$55,991
Mar 1993	3,667	2,814	18.14	—	$66,519
Feb 1993	3,415	2,828	17.90	—	$61,129
Jan 1993	4,001	2,866	16.93	—	$67,737

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.

May 2014 — as filed, then multipliedworked

Oil                    1 bbl  × $ 94.73 =        $95
Casinghead gas         0 Mcf  × $  4.73 =         $0

────────────────────────────────────────────────────
Month total                                      $95

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/66768 is the state's own key, not one this site invented.