SCHMIDT -A-

Operated by GEOMEG OPERATING, LLC (P-5 300804) in the BUCHANAN field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 13904District 01Field 12849001OilCasinghead gasSaveExport
Value, all time
$123 k
Aug 1994 – Oct 2009
Value, last 12 filed months
$21 k
at the published price for each month
Months reported
183
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 96 leases and 528 wells, and the rule below applies to all of them.

Discovered
1929-07-10
as the register files it
Field class
Oil
the register's own label
Between wells
300 ft
minimum
From a lease line
150 ft
minimum

A drilling unit in this field needs at least 2 acres.

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
OilDisposition5,034 bbl$122,599
Casinghead gasProduction2 Mcf$0
Total$122,599

2 Mcf of this lease's gas, across 2 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 29.9413, -97.5171. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.94132, -97.51710 · 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 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
2,415 ft
1 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.
1100.0%

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 2,415 ft.

Completions filed
Sep 1994
1 of 1 wells

1 well

42-0553474442,415 ftSep 1994

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 (183)

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

183 months

Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 200977066.163.90$5,094
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 2008168037.105.98$6,233
Nov 2008170055.496.86$9,433
Oct 20080075.246.92$0
Sep 200800101.767.88$0
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 200674060.598.93$4,484
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 2005104049.207.36$5,117
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 200541043.166.32$1,770
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 200425043.245.28$1,081
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 200440034.475.86$1,379
Mar 20040034.365.53$0
Feb 200420032.455.51$649
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 200362028.174.76$1,747
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 200344029.415.17$1,294
Jun 200341028.565.98$1,171
May 200346026.595.97$1,223
Apr 200341026.675.41$1,093
Mar 200342031.146.10$1,308
Feb 200342033.487.93$1,406
Jan 200352030.315.58$1,576
Dec 200237026.914.85$996
Nov 20020024.664.14$0
Oct 200250026.464.23$1,323
Sep 20020027.443.64$0
Aug 200253025.963.16$1,376
Jul 20020024.583.06$0
Jun 200291023.733.34$2,159
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 2002159022.003.10$3,498
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 200137024.262.25$898
Aug 200155024.873.05$1,368
Jul 20010023.933.20$0
Jun 200166024.563.82$1,621
May 20010025.524.31$0
Apr 200118024.685.34$444
Mar 200133024.545.38$810
Feb 200128027.755.77$777
Jan 200136027.478.40$989
Dec 200031026.889.12$833
Nov 200031032.215.66$999
Oct 200051031.235.15$1,593
Sep 200083031.875.19$2,645
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 200086029.304.40$2,520
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 200067028.422.86$1,904
Feb 20000027.622.73$0
Jan 200030025.272.48$758
Dec 199941024.282.42$995
Nov 19990023.192.43$0
Oct 1999105020.982.80$2,203
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 1999158017.892.37$2,827
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 199947012.471.84$586
Feb 1999009.981.82$0
Jan 199933010.381.90$343
Dec 19983409.201.77$313
Nov 199838010.892.19$414
Oct 199836012.421.97$447
Sep 199834012.592.08$428
Aug 1998103011.301.91$1,164
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 199868012.622.21$858
Apr 19980013.042.51$0
Mar 199841012.802.31$525
Feb 199835013.952.30$488
Jan 1998115014.702.15$1,691
Dec 19970016.322.41$0
Nov 199746018.193.09$837
Oct 19970019.253.15$0
Sep 199738017.742.95$674
Aug 1997115017.862.55$2,054
Jul 19970017.582.25$0
Jun 19970017.242.26$0
May 199744018.972.31$835
Apr 199775017.882.08$1,341
Mar 19970018.951.94$0
Feb 199735020.492.21$717
Jan 199748023.483.54$1,127
Dec 199643023.32$1,003
Nov 199644021.97$967
Oct 199693023.31$2,168
Sep 19960022.22$0
Aug 1996109020.26$2,208
Jul 19960019.55$0
Jun 199660018.73$1,124
May 199658019.43$1,127
Apr 19960021.51$0
Mar 199618019.38$349
Feb 199652016.98$883
Jan 199647017.07$802
Dec 199549017.19$842
Nov 199553016.00$848
Oct 199559015.43$910
Sep 199549016.18$793
Aug 199556015.92$892
Jul 199552015.24$792
Jun 199557016.41$935
May 199559017.56$1,036
Apr 199573017.73$1,294
Mar 199562016.44$1,019
Feb 199569016.58$1,144
Jan 199577015.92$1,226
Dec 199474015.03$1,112
Nov 199488015.90$1,399
Oct 199488015.58$1,371
Sep 1994114115.29$1,743
Aug 199411116.13$177

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.

Jun 2009 — as filed, then multipliedworked
Oil                   77 bbl  × $ 66.16 =     $5,094
Casinghead gas         0 Mcf  × $  3.90 =         $0

────────────────────────────────────────────────────
Month total                                   $5,094

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/13904 is the state's own key, not one this site invented.