KING

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

Operated by FASKEN OIL AND RANCH, LTD. (P-5 263696) in the BUENOS (ELLENBURGER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 66788District 8AField 13047025OilCasinghead gasSave Export

Value, all time

$7.5 M

Jan 1993 – Mar 2008

Value, last 12 filed months

at the published price for each month

Months reported

183

no gaps in the span

Streams

oil, casinghead gas

The BUENOS (ELLENBURGER) 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 2 leases and 7 wells, and the rule below applies to all of them.

Discovered

1991-12-23

as the register files it

Field class

Oil

the register's own label

Between wells

1,320 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1993-08-02.

The Commission's schedule remark for this field reads: “APRIL 4, 1995.”

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	440,559 bbl	$7,402,555
Casinghead gas	Production	170,033 Mcf	$84,409
Total			$7,486,964

134,764 Mcf of this lease's gas, across 45 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 (6)

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 33.3231, -101.4632. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

33.32357, -101.46246 · 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%

6 of 6 wells

With a plug date

33.3%

2 of 6 wells

Median depth

8,807 ft

6 wells filed one

Completion to plug

13.0 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

6100.0%

A plug date is filed

233.3%

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

233.3%

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 8,800 and 8,900 ft, median 8,807 ft, over the 6 wells that filed a depth.

Completions filed

Apr 1993 – Aug 2021

6 of 6 wells

Plug dates filed

Jun 2003 – Dec 2010

2 of 6 wells; 4 filed none

Last completion to plug: a median of 13.0 years across the 2 wells that filed both dates, with the middle half between 10.8 years and 15.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

6 wells


42-16933074	1	8,900 ft	Aug 2021	—	Yes
42-16933277	7	8,800 ft	Jan 1995	—	Yes
42-16933271	5	8,814 ft	Dec 1994	Jun 2003	Yes
42-16933228	4	8,800 ft	Dec 1993	—	Yes
42-16933186	3	8,813 ft	Jul 1993	Dec 2010	Yes
42-16933164	2	8,800 ft	Apr 1993	—	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 (183)

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

183 months


Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
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	0	0	29.41	5.17	$0
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	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	0	24.66	3.58	$0
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	0	0	31.23	5.15	$0
Sep 2000	0	0	31.87	5.19	$0
Aug 2000	0	0	29.64	4.54	$0
Jul 2000	0	0	28.53	4.09	$0
Jun 2000	0	0	29.30	4.40	$0
May 2000	0	0	27.26	3.68	$0
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	0	0	28.42	2.86	$0
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	0	0	23.19	2.43	$0
Oct 1999	0	0	20.98	2.80	$0
Sep 1999	0	0	21.75	2.62	$0
Aug 1999	0	0	19.26	2.88	$0
Jul 1999	0	0	17.89	2.37	$0
Jun 1999	0	0	15.94	2.36	$0
May 1999	0	0	15.79	2.32	$0
Apr 1999	0	0	15.10	2.21	$0
Mar 1999	0	0	12.47	1.84	$0
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	0	0	10.38	1.90	$0
Dec 1998	0	0	9.20	1.77	$0
Nov 1998	2,232	1,061	10.89	2.19	$26,626
Oct 1998	1,975	930	12.42	1.97	$26,361
Sep 1998	1,971	1,045	12.59	2.08	$26,991
Aug 1998	1,615	937	11.30	1.91	$20,037
Jul 1998	1,611	1,240	11.74	2.24	$21,687
Jun 1998	1,433	1,346	11.24	2.24	$19,118
May 1998	2,326	1,685	12.62	2.21	$33,072
Apr 1998	2,347	1,459	13.04	2.51	$34,260
Mar 1998	2,202	1,468	12.80	2.31	$31,576
Feb 1998	2,547	1,440	13.95	2.30	$38,841
Jan 1998	2,703	1,694	14.70	2.15	$43,384
Dec 1997	2,911	1,559	16.32	2.41	$51,266
Nov 1997	3,281	1,459	18.19	3.09	$64,187
Oct 1997	3,272	1,467	19.25	3.15	$67,607
Sep 1997	3,811	871	17.74	2.95	$70,181
Aug 1997	3,972	1,823	17.86	2.55	$75,597
Jul 1997	3,782	1,558	17.58	2.25	$69,988
Jun 1997	3,938	1,690	17.24	2.26	$71,706
May 1997	4,153	1,759	18.97	2.31	$82,843
Apr 1997	3,963	4,196	17.88	2.08	$79,598
Mar 1997	4,655	811	18.95	1.94	$89,785
Feb 1997	4,344	1,775	20.49	2.21	$92,924
Jan 1997	4,856	1,996	23.48	3.54	$121,084
Dec 1996	4,883	2,154	23.32	—	$113,872
Nov 1996	5,422	5,273	21.97	—	$119,121
Oct 1996	5,950	2,853	23.31	—	$138,695
Sep 1996	5,076	2,838	22.22	—	$112,789
Aug 1996	5,736	3,767	20.26	—	$116,211
Jul 1996	6,270	4,189	19.55	—	$122,579
Jun 1996	6,861	3,656	18.73	—	$128,507
May 1996	8,821	4,598	19.43	—	$171,392
Apr 1996	9,800	4,321	21.51	—	$210,798
Mar 1996	10,518	4,174	19.38	—	$203,839
Feb 1996	8,620	2,686	16.98	—	$146,368
Jan 1996	9,822	3,068	17.07	—	$167,662
Dec 1995	10,900	3,376	17.19	—	$187,371
Nov 1995	11,097	3,453	16.00	—	$177,552
Oct 1995	11,761	3,894	15.43	—	$181,472
Sep 1995	12,048	4,037	16.18	—	$194,937
Aug 1995	12,846	4,788	15.92	—	$204,508
Jul 1995	12,838	4,620	15.24	—	$195,651
Jun 1995	13,232	4,309	16.41	—	$217,137
May 1995	14,603	4,557	17.56	—	$256,429
Apr 1995	14,150	3,792	17.73	—	$250,880
Mar 1995	16,336	4,362	16.44	—	$268,564
Feb 1995	12,176	3,490	16.58	—	$201,878
Jan 1995	11,270	3,447	15.92	—	$179,418
Dec 1994	7,834	2,655	15.03	—	$117,745
Nov 1994	7,673	2,244	15.90	—	$122,001
Oct 1994	7,277	1,860	15.58	—	$113,376
Sep 1994	7,632	2,758	15.29	—	$116,693
Aug 1994	7,977	3,031	16.13	—	$128,669
Jul 1994	7,775	2,847	17.56	—	$136,529
Jun 1994	7,739	2,935	17.09	—	$132,260
May 1994	8,703	3,910	15.88	—	$138,204
Apr 1994	9,244	3,055	14.14	—	$130,710
Mar 1994	10,148	3,364	12.46	—	$126,444
Feb 1994	7,113	1,243	12.50	—	$88,913
Jan 1994	5,111	1,253	12.66	—	$64,705
Dec 1993	4,933	1,789	12.33	—	$60,824
Nov 1993	5,879	1,739	14.49	—	$85,187
Oct 1993	6,948	2,247	15.85	—	$110,126
Sep 1993	3,444	1,030	15.03	—	$51,763
Aug 1993	3,245	1,166	15.66	—	$50,817
Jul 1993	2,533	1,272	15.46	—	$39,160
Jun 1993	3,238	1,264	16.79	—	$54,366
May 1993	3,563	1,399	17.68	—	$62,994
Apr 1993	1,614	1	18.05	—	$29,133
Mar 1993	0	0	18.14	—	$0
Feb 1993	0	0	17.90	—	$0
Jan 1993	0	0	16.93	—	$0

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 1998 — as filed, then multipliedworked

Oil                2,232 bbl  × $ 10.89 =    $24,306
Casinghead gas     1,061 Mcf  × $  2.19 =     $2,319

────────────────────────────────────────────────────
Month total                                  $26,626

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/66788 is the state's own key, not one this site invented.