WOOD UNIT B

Operated by CONTANGO RESOURCES, INC. (P-5 173206) in the PEARSALL (BUDA, S.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 18550District 01Field 69981375Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$3.1 M
Dec 2013 – Mar 2020
Value, last 12 filed months
$0
at the published price for each month
Months reported
76
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 118 leases and 147 wells, and the rule below applies to all of them.

Discovered
1967-08-19
as the register files it
Field class
Oil and gas
the register's own label
Between wells
660 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2012-11-06.

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: AND VERTICAL WELLS. SEE DOCKET FOR SPECIAL HORIZONTAL RULES.

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
OilDisposition17,063 bbl$1,334,649
Casinghead gasProduction410,335 Mcf$1,732,654
Total$3,067,303

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 28.6101, -99.6252. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.61008, -99.62520 · 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
7,192 ft
1 wells filed one
Completion to plug
5.8 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 7,192 ft.

Completions filed
Dec 2013
1 of 1 wells
Plug dates filed
Oct 2019
1 of 1 wells

Last completion to plug: a median of 5.8 years across the 1 well that filed both dates, with the middle half between 5.8 years and 5.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-127358841H7,192 ftDec 2013Oct 2019Yes

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 (76)

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

76 months

Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 2018449061.222.79$27,488
Feb 20180061.782.77$0
Jan 2018092262.874.01$3,697
Dec 201701,07657.272.92$3,144
Nov 201701,08455.423.12$3,380
Oct 201705,63749.292.98$16,819
Sep 201704,75447.523.09$14,677
Aug 20171772,06745.373.00$14,241
Jul 201717714643.873.09$8,216
Jun 201701,63742.493.09$5,054
May 201701,41345.373.26$4,611
Apr 201701,27447.933.21$4,092
Mar 2017098946.772.98$2,951
Feb 20171591,37650.452.95$12,084
Jan 201701,51149.413.42$5,166
Dec 20161091,54648.763.72$11,070
Nov 20161731,57742.492.64$11,521
Oct 20161781,78246.193.09$13,729
Sep 20161772,07341.553.10$13,782
Aug 201602,32841.442.92$6,808
Jul 20161762,21841.622.92$13,811
Jun 20161772,58845.352.69$14,978
May 201602,78942.521.99$5,553
Apr 20161872,44236.561.99$11,699
Mar 20161742,30733.011.79$9,883
Feb 20161742,78426.472.06$10,351
Jan 20161633,75327.352.36$13,331
Dec 20153343,36932.362.00$17,551
Nov 201501,98838.792.17$4,309
Oct 20151782,39643.552.43$13,566
Sep 20151403,26842.992.76$15,033
Aug 20153553,68240.162.87$24,833
Jul 20151764,26348.152.95$21,029
Jun 20151824,47956.152.88$23,132
May 201535414,50055.212.96$62,398
Apr 201534913,20449.822.71$53,125
Mar 2015010,59442.892.93$31,090
Feb 20151989,97244.662.98$38,521
Jan 20154036,13843.433.10$36,534
Dec 20141619,89054.693.59$44,324
Nov 201419011,20070.464.25$61,008
Oct 201419819,72478.303.90$92,446
Sep 201417913,11286.164.05$68,466
Aug 20143768,42989.394.04$67,623
Jul 201437612,78796.564.18$89,751
Jun 201471521,65898.164.74$172,776
May 201491724,66594.734.73$203,448
Apr 20141,43326,64595.944.81$265,621
Mar 20141,76443,13395.895.06$387,265
Feb 20142,75150,57497.406.19$581,102
Jan 20142,68438,59290.404.86$430,219
Dec 20130091.824.35$0

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.

Mar 2018 — as filed, then multipliedworked
Oil                  449 bbl  × $ 61.22 =    $27,488
Casinghead gas         0 Mcf  × $  2.79 =         $0

────────────────────────────────────────────────────
Month total                                  $27,488

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/18550 is the state's own key, not one this site invented.