MARTIN, J.C. -A-

Operated by SILVER PINES ENERGY CORP. (P-5 781875) in the SUN T S H (OLMOS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 12496District 01Field 87251500OilCasinghead gasSaveExport
Value, all time
$320 k
Jan 1993 – May 2002
Value, last 12 filed months
$53 k
at the published price for each month
Months reported
113
no gaps in the span
Streams
2
oil, casinghead 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 326 leases and 350 wells, and the rule below applies to all of them.

Discovered
1983-04-30
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 20 acres. The field rule took effect on 2013-01-15.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA OF 5% PER WELL 95% DEL. IF CAPACITY RESCINDED

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
OilDisposition7,906 bbl$135,433
Casinghead gasProduction175,505 Mcf$184,952
Total$320,386

114,458 Mcf of this lease's gas, across 48 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 (2)

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 28.2314, -99.1990. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.4 miles.

28.23142, -99.19899 · 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%
2 of 2 wells
With a plug date
0.0%
0 of 2 wells
Median depth
7,865 ft
2 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
2100.0%
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.
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

Between 7,800 and 7,929 ft, median 7,865 ft, over the 2 wells that filed a depth.

Completions filed
Jul 1984 – Feb 2003
2 of 2 wells

2 wells

42-2833105747,800 ftFeb 2003Yes
42-2833095117,929 ftJul 1984Yes

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 (113)

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

113 months

May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 200270018.222.38$1,275
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 200104,76919.782.53$12,060
Sep 2001752,56624.262.25$7,596
Aug 200101,60924.873.05$4,913
Jul 20011443,48823.933.20$14,597
Jun 20011402,47924.563.82$12,918
May 2001055425.524.31$2,386
Apr 2001048224.685.34$2,572
Mar 200111068924.545.38$6,404
Feb 200101,02327.755.77$5,900
Jan 2001018127.478.40$1,520
Dec 200002,41026.889.12$21,985
Nov 2000015232.215.66$860
Oct 2000032331.235.15$1,662
Sep 20005429931.875.19$3,272
Aug 2000028329.644.54$1,285
Jul 2000041628.534.09$1,701
Jun 2000373829.304.40$3,333
May 2000048527.263.68$1,785
Apr 200001,11024.513.12$3,459
Mar 2000046428.422.86$1,327
Feb 2000521,07727.622.73$4,373
Jan 2000088225.272.48$2,188
Dec 199910445224.282.42$3,621
Nov 1999098823.192.43$2,405
Oct 199901,00620.982.80$2,821
Sep 199901,52721.752.62$3,999
Aug 199901,15519.262.88$3,321
Jul 199901,12417.892.37$2,667
Jun 19994145015.942.36$1,716
May 199901,05515.792.32$2,449
Apr 199901,71015.102.21$3,776
Mar 1999084612.471.84$1,555
Feb 199904909.981.82$891
Jan 1999561,25410.381.90$2,964
Dec 199806749.201.77$1,195
Nov 1998041910.892.19$916
Oct 1998048612.421.97$957
Sep 19985666612.592.08$2,092
Aug 1998059611.301.91$1,137
Jul 1998073611.742.24$1,647
Jun 199801,33511.242.24$2,987
May 1998080612.622.21$1,778
Apr 19981051,66413.042.51$5,538
Mar 199801,37212.802.31$3,169
Feb 19985498713.952.30$3,023
Jan 199801,12214.702.15$2,418
Dec 199710699516.322.41$4,129
Nov 19975685318.193.09$3,653
Oct 1997089019.253.15$2,803
Sep 19975071117.742.95$2,988
Aug 1997561,08517.862.55$3,772
Jul 1997096017.582.25$2,157
Jun 19971851,04717.242.26$5,553
May 1997092118.972.31$2,126
Apr 199701,07017.882.08$2,229
Mar 1997951,64918.951.94$4,998
Feb 1997069120.492.21$1,524
Jan 1997077623.483.54$2,747
Dec 199601,01023.32$0
Nov 1996961,11821.97$2,109
Oct 1996083223.31$0
Sep 199601,09422.22$0
Aug 1996941,05420.26$1,904
Jul 1996098619.55$0
Jun 1996871,00818.73$1,630
May 1996061519.43$0
Apr 19961361,34921.51$2,925
Mar 19961362,24519.38$2,636
Feb 19962692,13116.98$4,568
Jan 19961382,16517.07$2,356
Dec 19951391,79517.19$2,389
Nov 19951442,16716.00$2,304
Oct 19952852,13815.43$4,398
Sep 19951462,48016.18$2,362
Aug 19951462,31415.92$2,324
Jul 199502,65715.24$0
Jun 19951492,73816.41$2,445
May 19951532,82617.56$2,687
Apr 19951413,08117.73$2,500
Mar 19951383,57416.44$2,269
Feb 19951402,70716.58$2,321
Jan 19951472,88315.92$2,340
Dec 19941522,92015.03$2,285
Nov 19941482,73115.90$2,353
Oct 19941433,10715.58$2,228
Sep 19941463,02115.29$2,232
Aug 19941502,85316.13$2,420
Jul 19941463,41217.56$2,564
Jun 19942823,20317.09$4,819
May 19941493,45315.88$2,366
Apr 19941482,63614.14$2,093
Mar 19941472,57612.46$1,832
Feb 19941471,82912.50$1,838
Jan 19943011,84412.66$3,811
Dec 199302,88912.33$0
Nov 19931491,81314.49$2,159
Oct 19931392,65215.85$2,203
Sep 199302,41915.03$0
Aug 19931482,81515.66$2,318
Jul 19931493,56715.46$2,304
Jun 19931432,27916.79$2,401
May 19931473,49817.68$2,599
Apr 19932023,07718.05$3,646
Mar 19932782,91618.14$5,043
Feb 199303,37517.90$0
Jan 19931962,60616.93$3,318

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.

Feb 2002 — as filed, then multipliedworked
Oil                   70 bbl  × $ 18.22 =     $1,275
Casinghead gas         0 Mcf  × $  2.38 =         $0

────────────────────────────────────────────────────
Month total                                   $1,275

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/O/12496 is the state's own key, not one this site invented.