FORBES

Operated by RAW OIL & GAS, INC. (P-5 694863) in the ADCOCK (SILURO-DEVONIAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 69978District 8AField 00702500OilCasinghead gasSave
Value, all time
$2.6 M
Sep 2012 – Jun 2015
Value, last 12 filed months
$14 k
at the published price for each month
Months reported
34
no gaps in the span
Streams
2
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.

StreamBasisVolumeValue
OilDisposition27,385 bbl$2,499,330
Casinghead gasProduction29,516 Mcf$113,643
Total$2,612,973

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 32.9171, -101.7993. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.91712, -101.79934 · 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
10,800 ft
1 wells filed one
Completion to plug
2.1 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 10,800 ft.

Completions filed
Sep 2012
1 of 1 wells
Plug dates filed
Oct 2014
1 of 1 wells

Last completion to plug: a median of 2.1 years across the 1 well that filed both dates, with the middle half between 2.1 years and 2.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-11533525110,800 ftSep 2012Oct 2014Yes

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 (34)

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

34 months

Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 2014159089.394.04$14,213
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 2014014594.734.73$685
Apr 20143424695.944.81$4,445
Mar 201420031395.895.06$20,761
Feb 2014027197.406.19$1,678
Jan 201402790.404.86$131
Dec 201324271991.824.35$25,351
Nov 201340363288.853.74$38,169
Oct 201301,11397.423.78$4,206
Sep 2013170143104.113.72$18,230
Aug 20134031,558104.253.52$47,501
Jul 20135012,448102.523.72$60,464
Jun 20131,6152,79994.403.93$163,466
May 20136352,34994.834.15$69,963
Apr 20132,8544,96293.964.28$289,412
Mar 20133,2101,78793.623.91$307,513
Feb 20132,8291,72891.233.42$263,999
Jan 20133,2181,35791.603.42$299,410
Dec 20123,3962,03086.773.42$301,614
Nov 20123,3462,16486.953.62$298,779
Oct 20123,9732,64589.383.40$364,099
Sep 20121978094.672.92$18,883

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.

Aug 2014 — as filed, then multipliedworked
Oil                  159 bbl  × $ 89.39 =    $14,213
Casinghead gas         0 Mcf  × $  4.04 =         $0

────────────────────────────────────────────────────
Month total                                  $14,213

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/69978 is the state's own key, not one this site invented.