SCHMIDT -B-

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 13966District 01Field 12849001OilSaveExport
Value, all time
$209 k
Feb 1995 – Oct 2009
Value, last 12 filed months
$20 k
at the published price for each month
Months reported
177
no gaps in the span
Streams
1
oil

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
OilDisposition5,375 bbl$208,990
Total$208,990

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 29.9406, -97.5176. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.94057, -97.51757 · 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
2,448 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 2,448 ft.

Completions filed
Jan 1995
1 of 1 wells

1 well

42-0553474572,448 ftJan 1995

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 (177)

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

177 months

Oct 2009072.544.11$0
Sep 2009065.543.06$0
Aug 2009067.423.22$0
Jul 2009061.133.46$0
Jun 20096066.163.90$3,970
May 200917054.743.93$9,306
Apr 2009046.773.59$0
Mar 2009042.144.06$0
Feb 2009032.814.63$0
Jan 200917835.865.37$6,383
Dec 2008037.105.98$0
Nov 2008055.496.86$0
Oct 2008075.246.92$0
Sep 2008166101.767.88$16,892
Aug 20080114.228.48$0
Jul 20080131.0811.39$0
Jun 2008180131.3313.03$23,639
May 20080123.1711.57$0
Apr 20080110.3110.45$0
Mar 20080101.909.66$0
Feb 200818392.538.77$16,933
Jan 2008090.388.21$0
Dec 2007088.337.30$0
Nov 2007091.677.29$0
Oct 200717182.856.92$14,167
Sep 2007075.846.24$0
Aug 2007069.066.39$0
Jul 2007070.906.39$0
Jun 2007062.007.55$0
May 2007058.747.85$0
Apr 2007059.617.81$0
Mar 2007056.927.30$0
Feb 20077155.108.22$3,912
Jan 2007050.306.73$0
Dec 20063156.656.92$1,756
Nov 20063854.207.62$2,060
Oct 20068654.906.01$4,721
Sep 2006060.085.04$0
Aug 20065568.717.34$3,779
Jul 20067869.376.34$5,411
Jun 2006066.286.38$0
May 200613166.016.42$8,647
Apr 2006064.397.36$0
Mar 2006056.707.08$0
Feb 2006057.597.75$0
Jan 2006060.598.93$0
Dec 2005054.9413.42$0
Nov 2005054.6910.59$0
Oct 20052058.3413.80$1,167
Sep 20053961.4512.08$2,397
Aug 2005061.519.80$0
Jul 2005055.697.84$0
Jun 20059252.337.38$4,814
May 20057145.226.65$3,211
Apr 2005049.207.36$0
Mar 2005050.377.15$0
Feb 2005045.226.31$0
Jan 2005043.166.32$0
Dec 2004039.866.75$0
Nov 200410645.286.33$4,800
Oct 2004049.706.52$0
Sep 2004043.245.28$0
Aug 20048942.375.55$3,771
Jul 2004038.286.08$0
Jun 2004036.106.43$0
May 20042337.486.49$862
Apr 20044434.475.86$1,517
Mar 2004034.365.53$0
Feb 2004032.455.51$0
Jan 2004032.036.30$0
Dec 200311630.266.30$3,510
Nov 2003028.804.60$0
Oct 2003028.174.76$0
Sep 2003026.314.75$0
Aug 20033229.765.13$952
Jul 2003029.415.17$0
Jun 2003028.565.98$0
May 2003026.595.97$0
Apr 2003026.675.41$0
Mar 2003031.146.10$0
Feb 2003033.487.93$0
Jan 20031930.315.58$576
Dec 2002126.914.85$27
Nov 2002024.664.14$0
Oct 20022626.464.23$688
Sep 2002027.443.64$0
Aug 20025425.963.16$1,402
Jul 2002024.583.06$0
Jun 20026823.733.34$1,614
May 2002024.663.58$0
Apr 2002023.653.51$0
Mar 20025322.003.10$1,166
Feb 2002018.222.38$0
Jan 2002017.172.38$0
Dec 2001016.932.36$0
Nov 2001018.072.41$0
Oct 2001019.782.53$0
Sep 20013424.262.25$825
Aug 20013924.873.05$970
Jul 2001023.933.20$0
Jun 20014724.563.82$1,154
May 2001025.524.31$0
Apr 20013324.685.34$814
Mar 20013124.545.38$761
Feb 20013727.755.77$1,027
Jan 20012627.478.40$714
Dec 20004726.889.12$1,263
Nov 2000032.215.66$0
Oct 20001331.235.15$406
Sep 20004931.875.19$1,562
Aug 2000029.644.54$0
Jul 20007328.534.09$2,083
Jun 2000029.304.40$0
May 2000027.263.68$0
Apr 2000024.513.12$0
Mar 20007128.422.86$2,018
Feb 2000027.622.73$0
Jan 2000025.272.48$0
Dec 19994324.282.42$1,044
Nov 1999023.192.43$0
Oct 19995120.982.80$1,070
Sep 1999021.752.62$0
Aug 1999019.262.88$0
Jul 19995917.892.37$1,056
Jun 1999015.942.36$0
May 19994315.792.32$679
Apr 1999015.102.21$0
Mar 19993912.471.84$486
Feb 199909.981.82$0
Jan 19998010.381.90$830
Dec 199809.201.77$0
Nov 1998010.892.19$0
Oct 19985412.421.97$671
Sep 1998012.592.08$0
Aug 19987911.301.91$893
Jul 1998011.742.24$0
Jun 1998011.242.24$0
May 19983312.622.21$416
Apr 19983713.042.51$482
Mar 1998012.802.31$0
Feb 19983513.952.30$488
Jan 199812014.702.15$1,764
Dec 1997016.322.41$0
Nov 1997018.193.09$0
Oct 19973319.253.15$635
Sep 19973017.742.95$532
Aug 19976817.862.55$1,214
Jul 1997017.582.25$0
Jun 19974317.242.26$741
May 19973618.972.31$683
Apr 199714617.882.08$2,610
Mar 1997018.951.94$0
Feb 1997020.492.21$0
Jan 1997023.483.54$0
Dec 19964223.32$979
Nov 19963821.97$835
Oct 19964223.31$979
Sep 19964022.22$889
Aug 19968320.26$1,682
Jul 1996019.55$0
Jun 19969718.73$1,817
May 19965519.43$1,069
Apr 1996021.51$0
Mar 199611119.38$2,151
Feb 1996016.98$0
Jan 19965617.07$956
Dec 19956017.19$1,031
Nov 19956316.00$1,008
Oct 19958015.43$1,234
Sep 19955516.18$890
Aug 19955315.92$844
Jul 19957215.24$1,097
Jun 19958116.41$1,329
May 19957917.56$1,387
Apr 19959817.73$1,738
Mar 199512616.44$2,071
Feb 19956416.58$1,061

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                   60 bbl  × $ 66.16 =     $3,970

────────────────────────────────────────────────────
Month total                                   $3,970

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/13966 is the state's own key, not one this site invented.