LABAY/GLO GU #2

Operated by FREDCO (P-5 284921) in the JACK STARR (YEGUA Y-4) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 150406District 02Field 45337500CondensateGasSaveExport
Value, all time
$2.2 M
Jul 1994 – Jan 2008
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
163
no gaps in the span
Streams
2
condensate, 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 11 leases and 11 wells, and the rule below applies to all of them.

Discovered
1987-09-29
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: ALLOCATION FORMULA EFF 1/1/95

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
CondensateDisposition23,719 bbl$411,157
GasProduction2,713,765 Mcf$1,802,056
Total$2,213,213

2,134,882 Mcf of this lease's gas, across 30 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 29.0559, -96.6633. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.05588, -96.66329 · 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
8,150 ft
1 wells filed one
Completion to plug
13.5 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 8,150 ft.

Completions filed
Jul 1994
1 of 1 wells
Plug dates filed
Jan 2008
1 of 1 wells

Last completion to plug: a median of 13.5 years across the 1 well that filed both dates, with the middle half between 13.5 years and 13.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-2393278318,150 ftJul 1994Jan 2008Yes

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 (163)

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

163 months

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 200728058.747.85$1,645
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 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050954.6910.59$95
Oct 200506258.3413.80$855
Sep 2005030861.4512.08$3,720
Aug 20050061.519.80$0
Jul 2005050655.697.84$3,969
Jun 2005028752.337.38$2,118
May 200515470645.226.65$11,660
Apr 2005060249.207.36$4,431
Mar 200501,46150.377.15$10,453
Feb 200501,22545.226.31$7,732
Jan 200501,72043.166.32$10,874
Dec 200401,67939.866.75$11,335
Nov 200401,35245.286.33$8,559
Oct 200401,41049.706.52$9,186
Sep 2004066743.245.28$3,524
Aug 2004020842.375.55$1,155
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 2004041237.486.49$2,676
Apr 20040034.475.86$0
Mar 2004012034.365.53$664
Feb 200402,51232.455.51$13,840
Jan 200403,71632.036.30$23,409
Dec 200302,46830.266.30$15,552
Nov 2003047328.804.60$2,174
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 200302328.565.98$138
May 200301,93726.595.97$11,569
Apr 200302,74526.675.41$14,843
Mar 200303,42231.146.10$20,861
Feb 200303,00533.487.93$23,817
Jan 200303,45230.315.58$19,269
Dec 200202,95826.914.85$14,357
Nov 200202,83324.664.14$11,720
Oct 200203,23126.464.23$13,664
Sep 200203,85927.443.64$14,028
Aug 200203,74025.963.16$11,834
Jul 200204,01124.583.06$12,281
Jun 200203,96723.733.34$13,243
May 200204,49324.663.58$16,103
Apr 20021524,08623.653.51$17,946
Mar 200203,12322.003.10$9,690
Feb 200203,47318.222.38$8,251
Jan 200203,99017.172.38$9,479
Dec 200103,99316.932.36$9,441
Nov 200105,03818.072.41$12,119
Oct 200105,10619.782.53$12,912
Sep 200105,07424.262.25$11,423
Aug 200105,23524.873.05$15,983
Jul 20011575,40223.933.20$21,028
Jun 200104,32624.563.82$16,543
May 200105,25325.524.31$22,626
Apr 200103,04524.685.34$16,246
Mar 200106,30024.545.38$33,872
Feb 200106,21827.755.77$35,860
Jan 200106,30227.478.40$52,929
Dec 20001205,33126.889.12$51,858
Nov 200005,46932.215.66$30,944
Oct 200005,53731.235.15$28,491
Sep 20001674,29731.875.19$27,609
Aug 200004,80629.644.54$21,823
Jul 200004,68528.534.09$19,160
Jun 200003,83329.304.40$16,855
May 200003,89427.263.68$14,329
Apr 200003,15024.513.12$9,815
Mar 200004,84928.422.86$13,867
Feb 20001664,22327.622.73$16,099
Jan 200004,18925.272.48$10,391
Dec 199904,46524.282.42$10,822
Nov 199906,56323.192.43$15,974
Oct 199905,52320.982.80$15,485
Sep 19991495,39221.752.62$17,362
Aug 199905,69019.262.88$16,362
Jul 199906,43717.892.37$15,271
Jun 199905,86615.942.36$13,856
May 19991577,33415.792.32$19,501
Apr 199906,83015.102.21$15,081
Mar 199907,03012.471.84$12,923
Feb 199907,3609.981.82$13,379
Jan 19991488,37510.381.90$17,448
Dec 199808,6729.201.77$15,378
Nov 19981798,67410.892.19$20,908
Oct 19981658,48712.421.97$18,762
Sep 199818,71212.592.08$18,156
Aug 199809,12911.301.91$17,412
Jul 199809,46511.742.24$21,176
Jun 19981159,51811.242.24$22,587
May 199819,91712.622.21$21,893
Apr 199808,72913.042.51$21,869
Mar 199839,21712.802.31$21,325
Feb 199808,97413.952.30$20,632
Jan 1998011,33814.702.15$24,431
Dec 1997013,40316.322.41$32,316
Nov 1997014,24218.193.09$43,983
Oct 199734915,44319.253.15$55,361
Sep 1997015,94717.742.95$47,121
Aug 1997016,66317.862.55$42,570
Jul 199716316,71517.582.25$40,423
Jun 1997317,11917.242.26$38,693
May 199718417,50418.972.31$43,898
Apr 199718116,88217.882.08$38,398
Mar 199717117,56118.951.94$37,294
Feb 1997014,71720.492.21$32,464
Jan 199718219,18423.483.54$72,179
Dec 199616921,41823.32$3,941
Nov 199616720,63221.97$3,669
Oct 199617923,22123.31$4,172
Sep 199617329,73322.22$3,844
Aug 199617735,02720.26$3,586
Jul 199634449,36919.55$6,725
Jun 199636239,21918.73$6,780
May 199635344,01119.43$6,859
Apr 199631444,26121.51$6,754
Mar 199643246,61919.38$8,372
Feb 199646352,87116.98$7,862
Jan 199653259,59617.07$9,081
Dec 199562273,96617.19$10,692
Nov 199569981,35416.00$11,184
Oct 199570682,31015.43$10,894
Sep 199580785,47716.18$13,057
Aug 19951,00792,15915.92$16,031
Jul 199588694,46815.24$13,503
Jun 199587295,12916.41$14,310
May 19951,14199,08517.56$20,036
Apr 199584686,24517.73$15,000
Mar 1995866100,16616.44$14,237
Feb 19951,04392,20516.58$17,293
Jan 19951,26498,92215.92$20,123
Dec 19941,106105,96715.03$16,623
Nov 199499496,87715.90$15,805
Oct 19941,01089,58615.58$15,736
Sep 19941,264108,39815.29$19,327
Aug 19941,387140,62116.13$22,372
Jul 199443945,97017.56$7,709

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.

May 2007 — as filed, then multipliedworked
Condensate            28 bbl  × $ 58.74 =     $1,645
Gas                    0 Mcf  × $  7.85 =         $0

────────────────────────────────────────────────────
Month total                                   $1,645

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. 02/G/150406 is the state's own key, not one this site invented.