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 160548District 01Field 325195102 tax incentive programmesCondensateGasSaveExport
Value, all time
$605 k
Sep 1996 – Aug 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
144
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 Gas111997-01-17135925
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
CondensateDisposition316 bbl$7,126
GasProduction252,989 Mcf$598,309
Total$605,436

37,711 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 30.2462, -100.5507. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.24617, -100.55072 · 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
7,015 ft
1 wells filed one
Completion to plug
11.9 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 7,015 ft.

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

Last completion to plug: a median of 11.9 years across the 1 well that filed both dates, with the middle half between 11.9 years and 11.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-1373128837,015 ftSep 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 (144)

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

144 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 20050461.519.80$39
Jul 20050355.697.84$24
Jun 20050052.337.38$0
May 20050245.226.65$13
Apr 20050449.207.36$29
Mar 200506750.377.15$479
Feb 2005011045.226.31$694
Jan 2005012243.166.32$771
Dec 2004013939.866.75$938
Nov 2004021645.286.33$1,367
Oct 2004041249.706.52$2,684
Sep 2004044843.245.28$2,367
Aug 2004052342.375.55$2,903
Jul 2004047438.286.08$2,884
Jun 2004052436.106.43$3,371
May 2004058037.486.49$3,767
Apr 2004053634.475.86$3,140
Mar 2004036134.365.53$1,996
Feb 2004024732.455.51$1,361
Jan 2004025332.036.30$1,594
Dec 2003024530.266.30$1,544
Nov 2003025128.804.60$1,153
Oct 2003045228.174.76$2,151
Sep 2003031526.314.75$1,496
Aug 2003035229.765.13$1,806
Jul 2003034029.415.17$1,758
Jun 2003027328.565.98$1,633
May 2003032826.595.97$1,959
Apr 2003035326.675.41$1,909
Mar 2003028431.146.10$1,731
Feb 2003037933.487.93$3,004
Jan 2003039630.315.58$2,210
Dec 2002046226.914.85$2,242
Nov 2002029424.664.14$1,216
Oct 2002039626.464.23$1,675
Sep 2002053927.443.64$1,959
Aug 2002054025.963.16$1,709
Jul 2002045724.583.06$1,399
Jun 2002049123.733.34$1,639
May 2002049824.663.58$1,785
Apr 2002054723.653.51$1,921
Mar 2002058122.003.10$1,803
Feb 2002052818.222.38$1,254
Jan 2002045117.172.38$1,071
Dec 2001040516.932.36$958
Nov 2001038118.072.41$917
Oct 2001039919.782.53$1,009
Sep 2001028224.262.25$635
Aug 2001025424.873.05$776
Jul 2001031923.933.20$1,020
Jun 2001040024.563.82$1,530
May 2001045925.524.31$1,977
Apr 2001070424.685.34$3,756
Mar 2001084924.545.38$4,565
Feb 2001077027.755.77$4,441
Jan 2001067827.478.40$5,694
Dec 2000044126.889.12$4,023
Nov 2000064932.215.66$3,672
Oct 2000078131.235.15$4,019
Sep 20005684731.875.19$6,178
Aug 20002085429.644.54$4,471
Jul 2000092728.534.09$3,791
Jun 2000095529.304.40$4,199
May 2000099527.263.68$3,661
Apr 2000099724.513.12$3,107
Mar 200001,14828.422.86$3,283
Feb 200001,20427.622.73$3,283
Jan 200001,15825.272.48$2,872
Dec 199901,20024.282.42$2,908
Nov 199901,19623.192.43$2,911
Oct 199901,16120.982.80$3,255
Sep 199901,24321.752.62$3,255
Aug 199901,35819.262.88$3,905
Jul 199901,30617.892.37$3,098
Jun 199901,19015.942.36$2,811
May 199901,51915.792.32$3,526
Apr 199901,61715.102.21$3,570
Mar 199901,74512.471.84$3,208
Feb 199901,5499.981.82$2,816
Jan 199901,75210.381.90$3,329
Dec 199802,0369.201.77$3,610
Nov 199802,19610.892.19$4,800
Oct 199802,13312.421.97$4,200
Sep 199802,70312.592.08$5,629
Aug 199803,21411.301.91$6,130
Jul 199802,09511.742.24$4,687
Jun 199802,62011.242.24$5,862
May 199803,33612.622.21$7,360
Apr 199803,65613.042.51$9,159
Mar 199804,42612.802.31$10,222
Feb 199804,78113.952.30$10,992
Jan 199806,13814.702.15$13,226
Dec 199706,89016.322.41$16,612
Nov 199706,09318.193.09$18,817
Oct 199713610,03019.253.15$34,211
Sep 1997012,35817.742.95$36,516
Aug 1997015,63117.862.55$39,933
Jul 1997016,49417.582.25$37,061
Jun 199705,28617.242.26$11,932
May 199707,56918.972.31$17,473
Apr 199707,17217.882.08$14,938
Mar 1997011,99518.951.94$23,260
Feb 199710412,87020.492.21$30,521
Jan 1997015,08723.483.54$53,403
Dec 1996017,45323.32$0
Nov 1996015,73821.97$0
Oct 199604,52023.31$0
Sep 19960022.22$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.

Aug 2005 — as filed, then multipliedworked
Condensate             0 bbl  × $ 61.51 =         $0
Gas                    4 Mcf  × $  9.80 =        $39

────────────────────────────────────────────────────
Month total                                      $39

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/160548 is the state's own key, not one this site invented.