READ "366"

Operated by RING ENERGY, INC. (P-5 712382) in the SABLE (SAN ANDRES) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 68541District 8AField 79393750Hydrogen sulphide fieldOilSaveExport
Value, all time
$2.4 M
Mar 2003 – Sep 2020
Value, last 12 filed months
$27 k
at the published price for each month
Months reported
211
no gaps in the span
Streams
1
oil

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 69 leases and 165 wells, and the rule below applies to all of them.

Discovered
1957-12-23
as the register files it
Field class
Oil
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2016-12-06.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: PER DOCKET OG-19-00002099.

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
OilDisposition37,849 bbl$2,377,660
Total$2,377,660

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 33.2219, -102.9200. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

33.22188, -102.91999 · 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%
2 of 2 wells
With a plug date
0.0%
0 of 2 wells
Median depth
11,904 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 11,877 and 11,930 ft, median 11,904 ft, over the 2 wells that filed a depth.

Completions filed
Feb 2003 – Apr 2003
2 of 2 wells

2 wells

42-50133484511,877 ftApr 2003Yes
42-50133083211,930 ftFeb 2003Yes

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 (211)

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

211 months

Sep 2020037.091.99$0
Aug 2020039.982.39$0
Jul 2020038.371.83$0
Jun 2020034.901.69$0
May 20209716.921.81$1,641
Apr 2020014.751.80$0
Mar 202018930.341.86$5,734
Feb 2020049.881.98$0
Jan 2020257.252.09$115
Dec 201918059.012.30$10,622
Nov 2019055.302.75$0
Oct 201917153.472.42$9,143
Sep 2019055.052.66$0
Aug 2019053.112.30$0
Jul 201918856.272.46$10,579
Jun 2019052.782.49$0
May 201917758.482.74$10,351
Apr 2019062.632.75$0
Mar 201917356.803.06$9,826
Feb 201918650.852.79$9,458
Jan 201917546.033.23$8,055
Dec 201817146.594.19$7,967
Nov 201817152.934.24$9,051
Oct 201817161.443.40$10,506
Sep 2018059.543.11$0
Aug 201817359.403.07$10,276
Jul 201817565.142.93$11,400
Jun 201817560.183.08$10,532
May 201817365.382.90$11,311
Apr 201817563.842.90$11,172
Mar 201817461.222.79$10,652
Feb 201817461.782.77$10,750
Jan 201817662.874.01$11,065
Dec 201717957.272.92$10,251
Nov 201717455.423.12$9,643
Oct 201717449.292.98$8,576
Sep 2017047.523.09$0
Aug 201735145.373.00$15,925
Jul 2017043.873.09$0
Jun 201717342.493.09$7,351
May 201716045.373.26$7,259
Apr 201717347.933.21$8,292
Mar 201717846.772.98$8,325
Feb 201717550.452.95$8,829
Jan 201717649.413.42$8,696
Dec 2016048.763.72$0
Nov 201617642.492.64$7,478
Oct 201617446.193.09$8,037
Sep 201617441.553.10$7,230
Aug 201617641.442.92$7,293
Jul 201617041.622.92$7,075
Jun 201617245.352.69$7,800
May 201635042.521.99$14,882
Apr 2016036.561.99$0
Mar 201617233.011.79$5,678
Feb 201616526.472.06$4,368
Jan 2016027.352.36$0
Dec 201516832.362.00$5,436
Nov 201550938.792.17$19,744
Oct 2015043.552.43$0
Sep 201516942.992.76$7,265
Aug 201516840.162.87$6,747
Jul 201517348.152.95$8,330
Jun 201517356.152.88$9,714
May 201517255.212.96$9,496
Apr 2015049.822.71$0
Mar 201517142.892.93$7,334
Feb 201534144.662.98$15,229
Jan 2015043.433.10$0
Dec 201416754.693.59$9,133
Nov 201416570.464.25$11,626
Oct 201416978.303.90$13,233
Sep 201417186.164.05$14,733
Aug 201417489.394.04$15,554
Jul 201416996.564.18$16,319
Jun 201416898.164.74$16,491
May 2014094.734.73$0
Apr 201431195.944.81$29,837
Mar 2014095.895.06$0
Feb 2014097.406.19$0
Jan 201432090.404.86$28,928
Dec 2013091.824.35$0
Nov 201317988.853.74$15,904
Oct 201318497.423.78$17,925
Sep 2013184104.113.72$19,156
Aug 2013181104.253.52$18,869
Jul 2013181102.523.72$18,556
Jun 201317994.403.93$16,898
May 201318294.834.15$17,259
Apr 201318293.964.28$17,101
Mar 201318293.623.91$17,039
Feb 201318791.233.42$17,060
Jan 201318391.603.42$16,763
Dec 201217786.773.42$15,358
Nov 201218286.953.62$15,825
Oct 201218489.383.40$16,446
Sep 201217994.672.92$16,946
Aug 201218092.662.91$16,679
Jul 201218285.133.02$15,494
Jun 201217879.822.52$14,208
May 201217291.612.49$15,757
Apr 2012172101.652.00$17,484
Mar 20120105.052.22$0
Feb 2012181101.102.57$18,299
Jan 2012098.092.73$0
Dec 201118096.873.24$17,437
Nov 201118295.723.31$17,421
Oct 201135684.983.65$30,253
Sep 201117983.623.99$14,968
Aug 2011083.404.15$0
Jul 201118094.144.52$16,945
Jun 201117992.904.64$16,629
May 201118298.134.40$17,860
Apr 2011174105.964.33$18,437
Mar 201136796.364.06$35,364
Feb 2011085.644.18$0
Jan 201134886.504.59$30,102
Dec 201017885.734.35$15,260
Nov 201018180.843.80$14,632
Oct 201018678.103.51$14,527
Sep 201017972.633.98$13,001
Aug 201034573.684.42$25,420
Jul 201018072.554.74$13,059
Jun 201017470.364.91$12,243
May 201017771.124.24$12,588
Apr 201017381.694.12$14,132
Mar 201017378.394.39$13,561
Feb 2010073.585.44$0
Jan 201017674.365.96$13,087
Dec 200918071.445.48$12,859
Nov 200917674.593.75$13,128
Oct 200918172.544.11$13,130
Sep 200917965.543.06$11,732
Aug 2009067.423.22$0
Jul 200918061.133.46$11,003
Jun 2009066.163.90$0
May 200917854.743.93$9,744
Apr 200917646.773.59$8,232
Mar 2009042.144.06$0
Feb 2009032.814.63$0
Jan 200935935.865.37$12,874
Dec 2008037.105.98$0
Nov 200817155.496.86$9,489
Oct 200819775.246.92$14,822
Sep 2008168101.767.88$17,096
Aug 2008168114.228.48$19,189
Jul 2008165131.0811.39$21,628
Jun 2008345131.3313.03$45,309
May 2008343123.1711.57$42,247
Apr 20080110.3110.45$0
Mar 2008169101.909.66$17,221
Feb 200817292.538.77$15,915
Jan 200834490.388.21$31,091
Dec 200717188.337.30$15,104
Nov 200717191.677.29$15,676
Oct 200733782.856.92$27,920
Sep 2007075.846.24$0
Aug 200734369.066.39$23,688
Jul 200734870.906.39$24,673
Jun 200717462.007.55$10,788
May 200717058.747.85$9,986
Apr 200716959.617.81$10,074
Mar 200735656.927.30$20,264
Feb 200717155.108.22$9,422
Jan 200733850.306.73$17,001
Dec 2006056.656.92$0
Nov 200634954.207.62$18,916
Oct 200617654.906.01$9,662
Sep 200616960.085.04$10,154
Aug 200633968.717.34$23,293
Jul 200618069.376.34$12,487
Jun 200617966.286.38$11,864
May 200634866.016.42$22,971
Apr 200617864.397.36$11,461
Mar 200634656.707.08$19,618
Feb 200617357.597.75$9,963
Jan 200617360.598.93$10,482
Dec 200535054.9413.42$19,229
Nov 2005054.6910.59$0
Oct 200516458.3413.80$9,568
Sep 200535461.4512.08$21,753
Aug 200516661.519.80$10,211
Jul 200534255.697.84$19,046
Jun 200518352.337.38$9,576
May 200533445.226.65$15,103
Apr 200516949.207.36$8,315
Mar 200534250.377.15$17,227
Feb 200534145.226.31$15,420
Jan 200517543.166.32$7,553
Dec 200418439.866.75$7,334
Nov 200434945.286.33$15,803
Oct 200435149.706.52$17,445
Sep 200415843.245.28$6,832
Aug 200435242.375.55$14,914
Jul 200434038.286.08$13,015
Jun 200417536.106.43$6,318
May 200434837.486.49$13,043
Apr 200435534.475.86$12,237
Mar 200417734.365.53$6,082
Feb 200436632.455.51$11,877
Jan 200434432.036.30$11,018
Dec 200337030.266.30$11,196
Nov 200337028.804.60$10,656
Oct 200336028.174.76$10,141
Sep 200335826.314.75$9,419
Aug 200334029.765.13$10,118
Jul 200352729.415.17$15,499
Jun 200318428.565.98$5,255
May 200352626.595.97$13,986
Apr 2003026.675.41$0
Mar 2003031.146.10$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.

May 2020 — as filed, then multipliedworked
Oil                   97 bbl  × $ 16.92 =     $1,641

────────────────────────────────────────────────────
Month total                                   $1,641

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/68541 is the state's own key, not one this site invented.