C. SAMPLE

Operated by SABINE OIL & GAS CORPORATION (P-5 742143) in the EAGLEVILLE (EAGLE FORD-1) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 17864District 01Field 27135700Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$2.7 M
Feb 2014 – Jan 2016
Value, last 12 filed months
$243 k
at the published price for each month
Months reported
24
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 5,086 leases and 10,995 wells, and the rule below applies to all of them.

Discovered
2009-08-12
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2017-02-28.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: BASED ON 3000 TO 1 GAS OIL RATIO

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
OilDisposition31,832 bbl$2,666,754
Casinghead gasProduction18,902 Mcf$77,384
Total$2,744,138

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 29.2850, -97.5668. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.28500, -97.56678 · 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
8,845 ft
1 wells filed one
Completion to plug
21 months
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 8,845 ft.

Completions filed
Feb 2014
1 of 1 wells
Plug dates filed
Nov 2015
1 of 1 wells

Last completion to plug: a median of 21 months across the 1 well that filed both dates, with the middle half between 21 months and 21 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-177332121 H8,845 ftFeb 2014Nov 2015Yes

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 (24)

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

24 months

Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 201598038.792.17$3,801
Oct 201533948443.552.43$15,938
Sep 201533655342.992.76$15,970
Aug 201536257440.162.87$16,187
Jul 201551361748.152.95$26,518
Jun 201552659456.152.88$31,247
May 201549959955.212.96$29,320
Apr 201553853149.822.71$28,240
Mar 201555565542.892.93$25,726
Feb 20151,06764144.662.98$49,560
Jan 201567439643.433.10$30,500
Dec 201488863054.693.59$50,827
Nov 20141,26173970.464.25$91,992
Oct 20141,26889678.303.90$102,780
Sep 20142,02097886.164.05$178,000
Aug 20142,1611,33589.394.04$198,559
Jul 20143,1311,51496.564.18$308,657
Jun 20142,7821,34498.164.74$279,447
May 20142,9421,48894.734.73$285,729
Apr 20143,4511,48795.944.81$338,240
Mar 20143,0631,33095.895.06$300,437
Feb 20143,3581,51797.406.19$336,462

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 2015 — as filed, then multipliedworked
Oil                   98 bbl  × $ 38.79 =     $3,801
Casinghead gas         0 Mcf  × $  2.17 =         $0

────────────────────────────────────────────────────
Month total                                   $3,801

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/17864 is the state's own key, not one this site invented.