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 (STRAWN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 66801District 8AField 13047050OilCasinghead gasSave Export

Value, all time

$2.8 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 (STRAWN) 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 4 leases and 5 wells, and the rule below applies to all of them.

Discovered

1987-06-25

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 1988-04-01.

The Commission's schedule remark for this field reads: “TEMP RULES MADE PERMANENT PER DOC 8A-0201756 8-2-93”

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	155,795 bbl	$2,774,605
Casinghead gas	Production	93,255 Mcf	$68,726
Total			$2,843,331

64,896 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 (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 33.3218, -101.4614. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

33.32178, -101.46142 · 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%

2 of 2 wells

With a plug date

0.0%

0 of 2 wells

Median depth

8,850 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 8,800 and 8,900 ft, median 8,850 ft, over the 2 wells that filed a depth.

Completions filed

Dec 1994 – Aug 2021

2 of 2 wells

2 wells


42-16933074	1	8,900 ft	Aug 2021	—	Yes
42-16933274	6	8,800 ft	Dec 1994	—	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	1,230	608	10.89	2.19	$14,724
Oct 1998	704	681	12.42	1.97	$10,085
Sep 1998	719	573	12.59	2.08	$10,246
Aug 1998	1,060	654	11.30	1.91	$13,225
Jul 1998	1,057	819	11.74	2.24	$14,242
Jun 1998	892	678	11.24	2.24	$11,543
May 1998	1,251	756	12.62	2.21	$17,456
Apr 1998	1,246	969	13.04	2.51	$18,676
Mar 1998	1,253	736	12.80	2.31	$17,738
Feb 1998	1,079	627	13.95	2.30	$16,494
Jan 1998	1,434	663	14.70	2.15	$22,508
Dec 1997	1,285	1,044	16.32	2.41	$23,488
Nov 1997	1,621	1,113	18.19	3.09	$32,923
Oct 1997	1,771	1,546	19.25	3.15	$38,961
Sep 1997	1,953	831	17.74	2.95	$37,102
Aug 1997	1,784	1,562	17.86	2.55	$35,853
Jul 1997	1,971	1,582	17.58	2.25	$38,205
Jun 1997	2,149	1,636	17.24	2.26	$40,742
May 1997	2,296	1,651	18.97	2.31	$47,366
Apr 1997	2,859	3,218	17.88	2.08	$57,821
Mar 1997	3,559	2,105	18.95	1.94	$71,525
Feb 1997	3,573	2,068	20.49	2.21	$77,773
Jan 1997	4,580	2,239	23.48	3.54	$115,464
Dec 1996	4,603	2,387	23.32	—	$107,342
Nov 1996	5,314	5,432	21.97	—	$116,749
Oct 1996	6,056	3,333	23.31	—	$141,165
Sep 1996	5,630	3,349	22.22	—	$125,099
Aug 1996	6,050	3,383	20.26	—	$122,573
Jul 1996	5,939	3,391	19.55	—	$116,107
Jun 1996	2,671	835	18.73	—	$50,028
May 1996	888	694	19.43	—	$17,254
Apr 1996	1,416	652	21.51	—	$30,458
Mar 1996	1,618	773	19.38	—	$31,357
Feb 1996	1,440	787	16.98	—	$24,451
Jan 1996	1,609	62	17.07	—	$27,466
Dec 1995	2,150	1,095	17.19	—	$36,959
Nov 1995	1,973	1,160	16.00	—	$31,568
Oct 1995	2,315	1,097	15.43	—	$35,720
Sep 1995	2,658	1,014	16.18	—	$43,006
Aug 1995	2,483	1,270	15.92	—	$39,529
Jul 1995	2,668	1,523	15.24	—	$40,660
Jun 1995	3,059	60	16.41	—	$50,198
May 1995	3,235	1,657	17.56	—	$56,807
Apr 1995	3,418	1,453	17.73	—	$60,601
Mar 1995	4,094	1,530	16.44	—	$67,305
Feb 1995	3,540	1,742	16.58	—	$58,693
Jan 1995	4,856	1,956	15.92	—	$77,308
Dec 1994	2,507	462	15.03	—	$37,680
Nov 1994	1,072	619	15.90	—	$17,045
Oct 1994	890	907	15.58	—	$13,866
Sep 1994	1,068	695	15.29	—	$16,330
Aug 1994	1,070	760	16.13	—	$17,259
Jul 1994	898	771	17.56	—	$15,769
Jun 1994	879	869	17.09	—	$15,022
May 1994	1,431	344	15.88	—	$22,724
Apr 1994	1,254	744	14.14	—	$17,732
Mar 1994	1,259	771	12.46	—	$15,687
Feb 1994	1,081	1,104	12.50	—	$13,513
Jan 1994	1,253	781	12.66	—	$15,863
Dec 1993	897	779	12.33	—	$11,060
Nov 1993	1,258	1,109	14.49	—	$18,228
Oct 1993	1,429	1,131	15.85	—	$22,650
Sep 1993	1,597	1,408	15.03	—	$24,003
Aug 1993	1,417	1,243	15.66	—	$22,190
Jul 1993	1,768	1,430	15.46	—	$27,333
Jun 1993	1,590	1,387	16.79	—	$26,696
May 1993	1,774	1,001	17.68	—	$31,364
Apr 1993	1,960	1,552	18.05	—	$35,378
Mar 1993	1,956	1,549	18.14	—	$35,482
Feb 1993	2,147	1,295	17.90	—	$38,431
Jan 1993	2,331	1,550	16.93	—	$39,464

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                1,230 bbl  × $ 10.89 =    $13,395
Casinghead gas       608 Mcf  × $  2.19 =     $1,329

────────────────────────────────────────────────────
Month total                                  $14,724

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/66801 is the state's own key, not one this site invented.