NUTSHELL 403

Operated by BURK ROYALTY CO., LTD. (P-5 108799) in the PLATANG (SAN ANDRES) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 71298District 8AField 71823666OilCasinghead gasSave
Value, all time
$45.6 M
Oct 2022 – May 2026
Value, last 12 filed months
$5.0 M
at the published price for each month
Months reported
44
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
OilDisposition559,081 bbl$42,559,250
Casinghead gasProduction931,143 Mcf$3,000,252
Total$45,559,502

Wells on this lease (3)

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 33.1973, -103.0478. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

33.19734, -103.04777 · 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
0.0%
0 of 3 wells
With a plug date
0.0%
0 of 3 wells
Median depth
5,346 ft
3 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
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.
3100.0%

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 5,344 and 5,365 ft, median 5,346 ft, over the 3 wells that filed a depth.

Completions filed
Oct 2022 – May 2023
3 of 3 wells

3 wells

42-501374323H5,365 ftMay 2023
42-501374111H5,344 ftOct 2022
42-501374102H5,346 ftOct 2022

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 (44)

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

44 months

May 20264,03312,202106.413.05$466,317
Apr 20264,64713,81398.932.87$499,367
Mar 20264,50414,12889.753.15$448,729
Feb 20264,35914,13463.503.75$329,804
Jan 20264,79316,00859.138.00$411,441
Dec 20254,91516,49456.664.41$351,278
Nov 20255,06217,65258.593.93$365,892
Oct 20255,42717,99759.383.30$381,732
Sep 20255,22418,25362.743.08$383,917
Aug 20255,50518,68463.933.01$408,262
Jul 20255,99118,50766.743.32$461,194
Jun 20255,79618,49866.483.13$443,193
May 20256,23320,04660.553.23$442,203
Apr 20255,77116,60062.363.54$418,695
Mar 20256,27916,63267.704.27$496,079
Feb 20255,99216,12570.884.34$494,709
Jan 20257,16817,90274.324.28$609,323
Dec 20247,61218,91468.993.12$584,189
Nov 20247,62518,91169.052.20$568,081
Oct 20248,37920,65871.372.28$645,138
Sep 20248,17920,24769.612.36$617,211
Aug 20249,46722,14875.632.06$761,694
Jul 20248,84518,17779.932.15$745,999
Jun 20249,65718,98378.082.63$804,019
May 202410,28019,40478.812.20$852,825
Apr 202411,11719,67584.451.66$971,475
Mar 202410,73819,20580.301.55$891,936
Feb 202410,80319,05676.091.78$855,989
Jan 202412,77020,56273.023.30$1,000,272
Dec 202312,75920,42471.262.61$962,528
Nov 202313,20720,21677.892.81$1,085,451
Oct 202313,67721,61285.443.09$1,235,285
Sep 202313,02824,24289.042.74$1,226,316
Aug 202321,76934,77880.522.67$1,845,797
Jul 202324,10633,21274.852.64$1,892,074
Jun 202330,33935,00468.962.26$2,171,233
May 202339,66236,73470.622.23$2,882,752
Apr 20237,97912,35078.122.24$650,956
Mar 202318,23523,67772.852.39$1,385,083
Feb 202318,80622,40275.112.47$1,467,755
Jan 202324,41127,97476.533.39$1,962,942
Dec 202230,45531,28476.415.73$2,506,295
Nov 202241,99738,62785.005.65$3,787,841
Oct 202241,48028,99287.185.86$3,786,229

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 2026 — as filed, then multipliedworked
Oil                4,033 bbl  × $106.41 =   $429,152
Casinghead gas    12,202 Mcf  × $  3.05 =    $37,165

────────────────────────────────────────────────────
Month total                                 $466,317

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/71298 is the state's own key, not one this site invented.