RACE HORSE

Name: RACE HORSE lease production and value, Aug 1994 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 DIAMOND -M- (CANYON LIME AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 67278District 8AField 24562142OilCasinghead gasSave

Value, all time

$397 k

Aug 1994 – Jun 2002

Value, last 12 filed months

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

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	21,796 bbl	$384,719
Casinghead gas	Production	15,008 Mcf	$12,717
Total			$397,436

10,580 Mcf of this lease's gas, across 29 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 32.6974, -100.9654. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.69743, -100.96544 · 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

7,601 ft

1 wells filed one

Completion to plug

3.8 years

median over 1 wells

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 7,601 ft.

Completions filed

Jan 2016

1 of 1 wells

Plug dates filed

Nov 2019

1 of 1 wells

Last completion to plug: a median of 3.8 years across the 1 well that filed both dates, with the middle half between 3.8 years and 3.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-41533307	2	7,601 ft	Jan 2016	Nov 2019	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 (95)

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

95 months


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	17	0	25.52	4.31	$434
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	78	0	27.47	8.40	$2,143
Dec 2000	120	123	26.88	9.12	$4,348
Nov 2000	244	136	32.21	5.66	$8,629
Oct 2000	85	95	31.23	5.15	$3,143
Sep 2000	23	17	31.87	5.19	$821
Aug 2000	147	84	29.64	4.54	$4,739
Jul 2000	95	79	28.53	4.09	$3,033
Jun 2000	130	74	29.30	4.40	$4,134
May 2000	139	86	27.26	3.68	$4,106
Apr 2000	109	76	24.51	3.12	$2,908
Mar 2000	53	30	28.42	2.86	$1,592
Feb 2000	165	65	27.62	2.73	$4,735
Jan 2000	110	66	25.27	2.48	$2,943
Dec 1999	130	67	24.28	2.42	$3,319
Nov 1999	180	62	23.19	2.43	$4,325
Oct 1999	121	70	20.98	2.80	$2,735
Sep 1999	106	71	21.75	2.62	$2,491
Aug 1999	131	76	19.26	2.88	$2,742
Jul 1999	142	93	17.89	2.37	$2,761
Jun 1999	116	84	15.94	2.36	$2,047
May 1999	148	93	15.79	2.32	$2,553
Apr 1999	176	88	15.10	2.21	$2,852
Mar 1999	173	88	12.47	1.84	$2,319
Feb 1999	129	88	9.98	1.82	$1,447
Jan 1999	266	84	10.38	1.90	$2,921
Dec 1998	158	84	9.20	1.77	$1,603
Nov 1998	124	103	10.89	2.19	$1,575
Oct 1998	263	186	12.42	1.97	$3,633
Sep 1998	281	184	12.59	2.08	$3,921
Aug 1998	0	0	11.30	1.91	$0
Jul 1998	152	0	11.74	2.24	$1,784
Jun 1998	42	28	11.24	2.24	$535
May 1998	0	97	12.62	2.21	$214
Apr 1998	318	87	13.04	2.51	$4,365
Mar 1998	0	58	12.80	2.31	$134
Feb 1998	169	62	13.95	2.30	$2,500
Jan 1998	147	55	14.70	2.15	$2,279
Dec 1997	264	93	16.32	2.41	$4,533
Nov 1997	150	97	18.19	3.09	$3,028
Oct 1997	176	88	19.25	3.15	$3,665
Sep 1997	176	105	17.74	2.95	$3,433
Aug 1997	216	121	17.86	2.55	$4,167
Jul 1997	165	163	17.58	2.25	$3,267
Jun 1997	219	141	17.24	2.26	$4,094
May 1997	227	154	18.97	2.31	$4,662
Apr 1997	258	149	17.88	2.08	$4,923
Mar 1997	246	162	18.95	1.94	$4,976
Feb 1997	234	152	20.49	2.21	$5,130
Jan 1997	256	164	23.48	3.54	$6,591
Dec 1996	269	171	23.32	—	$6,273
Nov 1996	258	176	21.97	—	$5,668
Oct 1996	279	192	23.31	—	$6,503
Sep 1996	303	212	22.22	—	$6,733
Aug 1996	248	234	20.26	—	$5,024
Jul 1996	307	219	19.55	—	$6,002
Jun 1996	274	229	18.73	—	$5,132
May 1996	309	256	19.43	—	$6,004
Apr 1996	309	181	21.51	—	$6,647
Mar 1996	293	221	19.38	—	$5,678
Feb 1996	295	210	16.98	—	$5,009
Jan 1996	427	209	17.07	—	$7,289
Dec 1995	347	209	17.19	—	$5,965
Nov 1995	351	222	16.00	—	$5,616
Oct 1995	364	252	15.43	—	$5,617
Sep 1995	354	259	16.18	—	$5,728
Aug 1995	360	280	15.92	—	$5,731
Jul 1995	364	314	15.24	—	$5,547
Jun 1995	372	338	16.41	—	$6,105
May 1995	454	332	17.56	—	$7,972
Apr 1995	464	396	17.73	—	$8,227
Mar 1995	511	487	16.44	—	$8,401
Feb 1995	472	623	16.58	—	$7,826
Jan 1995	671	844	15.92	—	$10,682
Dec 1994	757	764	15.03	—	$11,378
Nov 1994	1,018	986	15.90	—	$16,186
Oct 1994	944	1,259	15.58	—	$14,708
Sep 1994	1,647	334	15.29	—	$25,183
Aug 1994	1,201	171	16.13	—	$19,372

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 2001 — as filed, then multipliedworked

Oil                   17 bbl  × $ 25.52 =       $434
Casinghead gas         0 Mcf  × $  4.31 =         $0

────────────────────────────────────────────────────
Month total                                     $434

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/67278 is the state's own key, not one this site invented.