TURNEY

Operated by MARSHALL & WINSTON, INC. (P-5 527850) in the FRANCES HILL (PENN, LOWER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 160547District 01Field 325195102 tax incentive programmesCondensateGasSaveExport
Value, all time
$441 k
Aug 1996 – Aug 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
145
no gaps in the span
Streams
2
condensate, gas

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 37 leases and 37 wells, and the rule below applies to all of them.

Discovered
1979-07-20
as the register files it
Field class
Gas
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1997-09-19.

The Commission's schedule remark for this field reads: FRANCES HILL (PENN LOWER) FEILD (ID#'S 159920 & 160065).

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas111997-01-17135922
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
CondensateDisposition179 bbl$2,374
GasProduction166,311 Mcf$438,813
Total$441,187

17,703 Mcf of this lease's gas, across 3 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 30.2480, -100.5629. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.24804, -100.56286 · 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
7,000 ft
1 wells filed one
Completion to plug
12.0 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 7,000 ft.

Completions filed
Aug 1996
1 of 1 wells
Plug dates filed
Aug 2008
1 of 1 wells

Last completion to plug: a median of 12.0 years across the 1 well that filed both dates, with the middle half between 12.0 years and 12.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-1373127627,000 ftAug 1996Aug 2008Yes

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 (145)

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

145 months

Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040245.286.33$13
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040536.106.43$32
May 2004019237.486.49$1,247
Apr 2004075134.475.86$4,400
Mar 2004062934.365.53$3,478
Feb 2004071332.455.51$3,928
Jan 2004014732.036.30$926
Dec 2003035930.266.30$2,262
Nov 2003037328.804.60$1,714
Oct 2003064028.174.76$3,046
Sep 2003058126.314.75$2,759
Aug 2003063329.765.13$3,247
Jul 2003064629.415.17$3,340
Jun 2003040228.565.98$2,405
May 2003053626.595.97$3,201
Apr 2003072626.675.41$3,926
Mar 2003066431.146.10$4,048
Feb 2003073433.487.93$5,818
Jan 2003065930.315.58$3,679
Dec 2002085326.914.85$4,140
Nov 2002044124.664.14$1,824
Oct 2002065226.464.23$2,757
Sep 2002074827.443.64$2,719
Aug 2002080525.963.16$2,547
Jul 2002077124.583.06$2,361
Jun 2002077523.733.34$2,587
May 2002081524.663.58$2,921
Apr 2002082723.653.51$2,905
Mar 2002088822.003.10$2,755
Feb 2002083518.222.38$1,984
Jan 2002080817.172.38$1,920
Dec 2001078416.932.36$1,854
Nov 2001061318.072.41$1,475
Oct 2001089219.782.53$2,256
Sep 2001063924.262.25$1,439
Aug 2001056424.873.05$1,722
Jul 2001068823.933.20$2,200
Jun 2001065024.563.82$2,486
May 2001044125.524.31$1,900
Apr 2001078424.685.34$4,183
Mar 200101,00624.545.38$5,409
Feb 2001091827.755.77$5,294
Jan 200101,03927.478.40$8,726
Dec 2000066526.889.12$6,066
Nov 2000077432.215.66$4,379
Oct 2000097231.235.15$5,001
Sep 2000099331.875.19$5,150
Aug 200001,10129.644.54$4,999
Jul 200001,10628.534.09$4,523
Jun 200001,15929.304.40$5,096
May 200001,30027.263.68$4,784
Apr 2000093224.513.12$2,904
Mar 200001,21328.422.86$3,469
Feb 200001,26327.622.73$3,444
Jan 200001,30225.272.48$3,230
Dec 199901,36424.282.42$3,306
Nov 199901,28623.192.43$3,130
Oct 199901,42720.982.80$4,001
Sep 199901,50321.752.62$3,936
Aug 199901,57719.262.88$4,535
Jul 199901,40717.892.37$3,338
Jun 199901,43815.942.36$3,397
May 199901,59515.792.32$3,702
Apr 199901,63215.102.21$3,604
Mar 199901,85112.471.84$3,403
Feb 199901,6799.981.82$3,052
Jan 19991281,84610.381.90$4,836
Dec 199801,9929.201.77$3,532
Nov 199802,18210.892.19$4,769
Oct 199802,27512.421.97$4,480
Sep 199802,20912.592.08$4,601
Aug 199802,59011.301.91$4,940
Jul 199802,18411.742.24$4,886
Jun 199802,43811.242.24$5,454
May 199802,81712.622.21$6,215
Apr 199803,01313.042.51$7,549
Mar 199803,32312.802.31$7,674
Feb 199803,23013.952.30$7,426
Jan 199804,04714.702.15$8,720
Dec 199704,30116.322.41$10,370
Nov 199704,74218.193.09$14,645
Oct 199705,49419.253.15$17,305
Sep 199705,85217.742.95$17,292
Aug 199706,49217.862.55$16,585
Jul 199706,46517.582.25$14,526
Jun 199703,48317.242.26$7,862
May 199703,65918.972.31$8,447
Apr 199703,76717.882.08$7,846
Mar 199704,03718.951.94$7,828
Feb 1997514,34620.492.21$10,632
Jan 199704,65723.483.54$16,484
Dec 199604,75423.32$0
Nov 199603,29521.97$0
Oct 199609,65423.31$0
Sep 19960022.22$0
Aug 19960020.26$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.

Nov 2004 — as filed, then multipliedworked
Condensate             0 bbl  × $ 45.28 =         $0
Gas                    2 Mcf  × $  6.33 =        $13

────────────────────────────────────────────────────
Month total                                      $13

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. 01/G/160547 is the state's own key, not one this site invented.