LOWRY

Operated by VIRTEX OPERATING COMPANY, INC. (P-5 886261) in the TRI BAR (OLMOS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 243840District 01Field 910805002 tax incentive programmesCondensateGasSaveExport
Value, all time
$87 k
Nov 2008 – Jun 2021
Value, last 12 filed months
$345
at the published price for each month
Months reported
152
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 134 leases and 140 wells, and the rule below applies to all of them.

Discovered
1975-07-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2013-03-26.

The Commission's schedule remark for this field reads: CONSOLIDATED IN TO THIS FIELD EFFECTIVE 4/1/2013.

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 Gas112009-04-09190611
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
CondensateDisposition157 bbl$12,692
GasProduction18,611 Mcf$74,066
Total$86,758

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 28.1765, -99.1820. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.17650, -99.18197 · 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
8,356 ft
1 wells filed one
Completion to plug
12.6 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 8,356 ft.

Completions filed
Nov 2008
1 of 1 wells
Plug dates filed
Jun 2021
1 of 1 wells

Last completion to plug: a median of 12.6 years across the 1 well that filed both dates, with the middle half between 12.6 years and 12.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-2833211772418,356 ftNov 2008Jun 2021Yes

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 (152)

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

152 months

Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 202001438.772.71$38
Oct 202003636.972.48$89
Sep 202002537.091.99$50
Aug 202005539.982.39$131
Jul 202002038.371.83$37
Jun 2020010234.901.69$172
May 202007616.921.81$138
Apr 202001914.751.80$34
Mar 202007030.341.86$130
Feb 202002649.881.98$52
Jan 202002657.252.09$54
Dec 201902759.012.30$62
Nov 201902055.302.75$55
Oct 201902453.472.42$58
Sep 201907155.052.66$189
Aug 2019011753.112.30$270
Jul 201907456.272.46$182
Jun 2019037652.782.49$937
May 201906358.482.74$173
Apr 201904262.632.75$116
Mar 201902156.803.06$64
Feb 201903550.852.79$98
Jan 201902346.033.23$74
Dec 201802546.594.19$105
Nov 201801352.934.24$55
Oct 201804761.443.40$160
Sep 201802659.543.11$81
Aug 201804359.403.07$132
Jul 2018027465.142.93$803
Jun 201808660.183.08$265
May 201809565.382.90$276
Apr 2018012063.842.90$348
Mar 201804461.222.79$123
Feb 201804661.782.77$127
Jan 201804562.874.01$180
Dec 201704657.272.92$134
Nov 201702455.423.12$75
Oct 201705249.292.98$155
Sep 201703847.523.09$117
Aug 201707645.373.00$228
Jul 2017010343.873.09$318
Jun 201707542.493.09$232
May 201702545.373.26$82
Apr 201706347.933.21$202
Mar 20170846.772.98$24
Feb 201706250.452.95$183
Jan 201704249.413.42$144
Dec 201601948.763.72$71
Nov 201601242.492.64$32
Oct 201603546.193.09$108
Sep 201602241.553.10$68
Aug 201604041.442.92$117
Jul 201602941.622.92$85
Jun 201602545.352.69$67
May 201601342.521.99$26
Apr 201603136.561.99$62
Mar 201601933.011.79$34
Feb 201601526.472.06$31
Jan 201601927.352.36$45
Dec 201505432.362.00$108
Nov 201504938.792.17$106
Oct 201504943.552.43$119
Sep 201503942.992.76$108
Aug 201504840.162.87$138
Jul 201506948.152.95$203
Jun 201508256.152.88$236
May 201503655.212.96$106
Apr 201503349.822.71$89
Mar 201504042.892.93$117
Feb 201507444.662.98$220
Jan 201505143.433.10$158
Dec 201408554.693.59$305
Nov 201403770.464.25$157
Oct 201405778.303.90$222
Sep 201406086.164.05$243
Aug 201406689.394.04$266
Jul 201408896.564.18$368
Jun 201405698.164.74$265
May 201407894.734.73$369
Apr 2014012995.944.81$620
Mar 201407895.895.06$394
Feb 201408297.406.19$508
Jan 201403690.404.86$175
Dec 2013013891.824.35$601
Nov 2013015188.853.74$564
Oct 201307397.423.78$276
Sep 2013061104.113.72$227
Aug 2013069104.253.52$243
Jul 2013097102.523.72$361
Jun 2013011994.403.93$468
May 2013014594.834.15$602
Apr 201309193.964.28$390
Mar 201309393.623.91$364
Feb 201308491.233.42$287
Jan 201307991.603.42$270
Dec 2012014186.773.42$482
Nov 2012010086.953.62$363
Oct 2012010089.383.40$340
Sep 2012010094.672.92$292
Aug 2012011792.662.91$340
Jul 201207385.133.02$221
Jun 201209879.822.52$247
May 2012013691.612.49$338
Apr 2012079101.652.00$158
Mar 20120155105.052.22$344
Feb 20120181101.102.57$465
Jan 2012018498.092.73$503
Dec 2011010096.873.24$324
Nov 201108095.723.31$265
Oct 201108884.983.65$321
Sep 2011011183.623.99$442
Aug 2011016983.404.15$701
Jul 2011017394.144.52$781
Jun 2011011792.904.64$543
May 2011016998.134.40$744
Apr 20110174105.964.33$754
Mar 2011024196.364.06$978
Feb 2011017485.644.18$727
Jan 2011016386.504.59$748
Dec 2010016885.734.35$730
Nov 201015719280.843.80$13,421
Oct 2010012978.103.51$453
Sep 2010017672.633.98$700
Aug 2010018073.684.42$795
Jul 2010027572.554.74$1,303
Jun 2010024270.364.91$1,188
May 2010021071.124.24$889
Apr 2010018281.694.12$750
Mar 2010018178.394.39$794
Feb 2010016073.585.44$871
Jan 2010034074.365.96$2,028
Dec 2009036871.445.48$2,018
Nov 2009036674.593.75$1,373
Oct 2009027272.544.11$1,118
Sep 2009038065.543.06$1,165
Aug 2009043667.423.22$1,403
Jul 2009047361.133.46$1,639
Jun 2009053166.163.90$2,068
May 2009046554.743.93$1,825
Apr 2009051446.773.59$1,844
Mar 2009051442.144.06$2,086
Feb 2009057732.814.63$2,673
Jan 2009087635.865.37$4,705
Dec 2008086637.105.98$5,176
Nov 2008052055.496.86$3,567

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 2020 — as filed, then multipliedworked
Condensate             0 bbl  × $ 38.77 =         $0
Gas                   14 Mcf  × $  2.71 =        $38

────────────────────────────────────────────────────
Month total                                      $38

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/243840 is the state's own key, not one this site invented.