JONES ESTATE "348"

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

Oil lease lease 68915District 8AField 05228200Hydrogen sulphide fieldOilSaveExport
Value, all time
$3.7 M
Apr 2006 – Apr 2019
Value, last 12 filed months
$0
at the published price for each month
Months reported
157
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 7 leases and 10 wells, and the rule below applies to all of them.

Discovered
1969-07-05
as the register files it
Field class
Oil
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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.

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
OilDisposition49,586 bbl$3,659,978
Total$3,659,978

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 32.8601, -102.8288. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.86009, -102.82876 · 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%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
11,870 ft
1 wells filed one
Completion to plug
10.8 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 11,870 ft.

Completions filed
Apr 2006
1 of 1 wells
Plug dates filed
Jan 2017
1 of 1 wells

Last completion to plug: a median of 10.8 years across the 1 well that filed both dates, with the middle half between 10.8 years and 10.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-16536410611,870 ftApr 2006Jan 2017Yes

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 (157)

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

157 months

Apr 2019062.632.75$0
Mar 2019056.803.06$0
Feb 2019050.852.79$0
Jan 2019046.033.23$0
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 2018061.443.40$0
Sep 2018059.543.11$0
Aug 2018059.403.07$0
Jul 2018065.142.93$0
Jun 2018060.183.08$0
May 2018065.382.90$0
Apr 2018063.842.90$0
Mar 2018061.222.79$0
Feb 2018061.782.77$0
Jan 2018062.874.01$0
Dec 2017057.272.92$0
Nov 2017055.423.12$0
Oct 2017049.292.98$0
Sep 2017247.523.09$95
Aug 2017145.373.00$45
Jul 2017243.873.09$88
Jun 2017342.493.09$127
May 2017445.373.26$181
Apr 2017647.933.21$288
Mar 2017946.772.98$421
Feb 20171750.452.95$858
Jan 20175249.413.42$2,569
Dec 20164948.763.72$2,389
Nov 20168242.492.64$3,484
Oct 201622646.193.09$10,439
Sep 201633641.553.10$13,961
Aug 201623041.442.92$9,531
Jul 201634441.622.92$14,317
Jun 201635145.352.69$15,918
May 201626842.521.99$11,395
Apr 201631636.561.99$11,553
Mar 201630433.011.79$10,035
Feb 20168626.472.06$2,276
Jan 201634827.352.36$9,518
Dec 201527532.362.00$8,899
Nov 201520138.792.17$7,797
Oct 201541643.552.43$18,117
Sep 201525442.992.76$10,919
Aug 201536340.162.87$14,578
Jul 201527748.152.95$13,338
Jun 201526856.152.88$15,048
May 201526355.212.96$14,520
Apr 201526649.822.71$13,252
Mar 201527142.892.93$11,623
Feb 201535244.662.98$15,720
Jan 201526243.433.10$11,379
Dec 201435754.693.59$19,524
Nov 201417870.464.25$12,542
Oct 201427178.303.90$21,219
Sep 201436286.164.05$31,190
Aug 201438289.394.04$34,147
Jul 201446096.564.18$44,418
Jun 201425598.164.74$25,031
May 201435794.734.73$33,819
Apr 201426095.944.81$24,944
Mar 201442995.895.06$41,137
Feb 201422897.406.19$22,207
Jan 201435490.404.86$32,002
Dec 201317791.824.35$16,252
Nov 201334888.853.74$30,920
Oct 201326697.423.78$25,914
Sep 2013265104.113.72$27,589
Aug 2013341104.253.52$35,549
Jul 2013263102.523.72$26,963
Jun 201334594.403.93$32,568
May 201334194.834.15$32,337
Apr 201336093.964.28$33,826
Mar 201330193.623.91$28,180
Feb 201333591.233.42$30,562
Jan 201328491.603.42$26,014
Dec 201226586.773.42$22,994
Nov 201234786.953.62$30,172
Oct 201226189.383.40$23,328
Sep 201225294.672.92$23,857
Aug 201233792.662.91$31,226
Jul 201233685.133.02$28,604
Jun 201225579.822.52$20,354
May 201226991.612.49$24,643
Apr 2012346101.652.00$35,171
Mar 2012249105.052.22$26,157
Feb 2012254101.102.57$25,679
Jan 201234398.092.73$33,645
Dec 201127496.873.24$26,542
Nov 201135795.723.31$34,172
Oct 201125684.983.65$21,755
Sep 201134083.623.99$28,431
Aug 201135383.404.15$29,440
Jul 201127094.144.52$25,418
Jun 201136092.904.64$33,444
May 201134898.134.40$34,149
Apr 2011410105.964.33$43,444
Mar 201132096.364.06$30,835
Feb 201125685.644.18$21,924
Jan 201133886.504.59$29,237
Dec 201034285.734.35$29,320
Nov 201026980.843.80$21,746
Oct 201034678.103.51$27,023
Sep 201045072.633.98$32,684
Aug 201038173.684.42$28,072
Jul 201028772.554.74$20,822
Jun 201037970.364.91$26,666
May 201034871.124.24$24,750
Apr 201044181.694.12$36,025
Mar 201027078.394.39$21,165
Feb 201027573.585.44$20,235
Jan 201049874.365.96$37,031
Dec 200931471.445.48$22,432
Nov 200934474.593.75$25,659
Oct 200941372.544.11$29,959
Sep 200930765.543.06$20,121
Aug 200948667.423.22$32,766
Jul 200941361.133.46$25,247
Jun 200952766.163.90$34,866
May 200943154.743.93$23,593
Apr 200942746.773.59$19,971
Mar 200931942.144.06$13,443
Feb 200942532.814.63$13,944
Jan 200942135.865.37$15,097
Dec 200840637.105.98$15,063
Nov 200843155.496.86$23,916
Oct 200850275.246.92$37,770
Sep 2008413101.767.88$42,027
Aug 2008493114.228.48$56,310
Jul 2008394131.0811.39$51,646
Jun 2008505131.3313.03$66,322
May 2008399123.1711.57$49,145
Apr 2008580110.3110.45$63,980
Mar 2008386101.909.66$39,333
Feb 200830692.538.77$28,314
Jan 200839190.388.21$35,339
Dec 200739788.337.30$35,067
Nov 200731691.677.29$28,968
Oct 200753382.856.92$44,159
Sep 200742375.846.24$32,080
Aug 200742369.066.39$29,212
Jul 200741270.906.39$29,211
Jun 200742962.007.55$26,598
May 200743258.747.85$25,376
Apr 200740959.617.81$24,380
Mar 200758956.927.30$33,526
Feb 200740255.108.22$22,150
Jan 200751150.306.73$25,703
Dec 200675456.656.92$42,714
Nov 200664154.207.62$34,742
Oct 200673854.906.01$40,516
Sep 200666460.085.04$39,893
Aug 200680168.717.34$55,037
Jul 20061,01669.376.34$70,480
Jun 20061,16666.286.38$77,282
May 20061,94566.016.42$128,389
Apr 200684764.397.36$54,538

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.

Sep 2017 — as filed, then multipliedworked
Oil                    2 bbl  × $ 47.52 =        $95

────────────────────────────────────────────────────
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/68915 is the state's own key, not one this site invented.