WEED, J. F.

Name: WEED, J. F. lease production and value, Jan 1997 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by TEXAS INDEPENDENT EXPLOR LTD. (P-5 846548) in the FRANCITAS, SOUTH ( 9,850) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 161434District 02Field 32538800CondensateGasSave Export

Value, all time

$3.0 M

Jan 1997 – Feb 2005

Value, last 12 filed months

$4 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The FRANCITAS, SOUTH ( 9,850) field

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 6 leases and 6 wells, and the rule below applies to all of them.

Discovered

1962-02-02

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

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.

Stream	Basis	Volume	Value
Condensate	Disposition	11,267 bbl	$198,689
Gas	Production	933,400 Mcf	$2,753,520
Total			$2,952,209

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 28.7749, -96.3474. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.77490, -96.34737 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

9,930 ft

1 wells filed one

Completion to plug

23 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 9,930 ft.

Completions filed

May 2004

1 of 1 wells

Plug dates filed

Apr 2006

1 of 1 wells

Last completion to plug: a median of 23 months across the 1 well that filed both dates, with the middle half between 23 months and 23 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-23932837	18	9,930 ft	May 2004	Apr 2006	Yes

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 (98)

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

98 months


Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	75	0	39.86	6.75	$2,990
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	14	0	37.48	6.49	$525
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	17	0	34.36	5.53	$584
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	4	1,011	32.03	6.30	$6,497
Dec 2003	0	1,879	30.26	6.30	$11,841
Nov 2003	29	4,663	28.80	4.60	$22,262
Oct 2003	0	9,419	28.17	4.76	$44,831
Sep 2003	0	5,826	26.31	4.75	$27,670
Aug 2003	0	9,205	29.76	5.13	$47,219
Jul 2003	27	8,136	29.41	5.17	$42,864
Jun 2003	0	12,349	28.56	5.98	$73,884
May 2003	0	9,203	26.59	5.97	$54,967
Apr 2003	0	12,630	26.67	5.41	$68,294
Mar 2003	0	21,189	31.14	6.10	$129,169
Feb 2003	0	1,539	33.48	7.93	$12,198
Jan 2003	0	2,466	30.31	5.58	$13,765
Dec 2002	0	2,715	26.91	4.85	$13,178
Nov 2002	0	2,804	24.66	4.14	$11,600
Oct 2002	0	3,377	26.46	4.23	$14,282
Sep 2002	0	2,944	27.44	3.64	$10,702
Aug 2002	0	2,940	25.96	3.16	$9,303
Jul 2002	0	3,106	24.58	3.06	$9,510
Jun 2002	0	3,082	23.73	3.34	$10,288
May 2002	0	2,770	24.66	3.58	$9,928
Apr 2002	0	2,046	23.65	3.51	$7,186
Mar 2002	0	2,940	22.00	3.10	$9,122
Feb 2002	0	2,148	18.22	2.38	$5,103
Jan 2002	0	784	17.17	2.38	$1,863
Dec 2001	0	3,073	16.93	2.36	$7,266
Nov 2001	0	2,380	18.07	2.41	$5,725
Oct 2001	0	421	19.78	2.53	$1,065
Sep 2001	0	816	24.26	2.25	$1,837
Aug 2001	0	1,257	24.87	3.05	$3,838
Jul 2001	0	2,623	23.93	3.20	$8,386
Jun 2001	0	3,114	24.56	3.82	$11,908
May 2001	0	1,782	25.52	4.31	$7,676
Apr 2001	0	2,211	24.68	5.34	$11,796
Mar 2001	0	1,548	24.54	5.38	$8,323
Feb 2001	0	2,163	27.75	5.77	$12,474
Jan 2001	0	3,013	27.47	8.40	$25,305
Dec 2000	0	3,304	26.88	9.12	$30,141
Nov 2000	0	3,235	32.21	5.66	$18,304
Oct 2000	103	4,156	31.23	5.15	$24,601
Sep 2000	0	4,088	31.87	5.19	$21,202
Aug 2000	0	5,140	29.64	4.54	$23,339
Jul 2000	108	6,536	28.53	4.09	$29,812
Jun 2000	106	5,356	29.30	4.40	$26,657
May 2000	0	6,726	27.26	3.68	$24,750
Apr 2000	0	5,100	24.51	3.12	$15,892
Mar 2000	0	6,741	28.42	2.86	$19,278
Feb 2000	69	7,052	27.62	2.73	$21,133
Jan 2000	55	7,815	25.27	2.48	$20,775
Dec 1999	34	8,620	24.28	2.42	$21,718
Nov 1999	46	9,017	23.19	2.43	$23,014
Oct 1999	82	9,109	20.98	2.80	$27,259
Sep 1999	222	5,020	21.75	2.62	$17,975
Aug 1999	0	6,435	19.26	2.88	$18,504
Jul 1999	0	6,826	17.89	2.37	$16,194
Jun 1999	184	7,552	15.94	2.36	$20,772
May 1999	182	7,202	15.79	2.32	$19,590
Apr 1999	0	6,897	15.10	2.21	$15,229
Mar 1999	0	7,292	12.47	1.84	$13,405
Feb 1999	194	8,224	9.98	1.82	$16,886
Jan 1999	194	9,418	10.38	1.90	$19,907
Dec 1998	193	11,745	9.20	1.77	$22,603
Nov 1998	0	12,079	10.89	2.19	$26,401
Oct 1998	182	13,610	12.42	1.97	$29,061
Sep 1998	190	17,728	12.59	2.08	$39,313
Aug 1998	182	14,570	11.30	1.91	$29,847
Jul 1998	180	16,438	11.74	2.24	$38,889
Jun 1998	175	19,849	11.24	2.24	$46,375
May 1998	350	24,012	12.62	2.21	$57,396
Apr 1998	194	23,482	13.04	2.51	$61,360
Mar 1998	335	25,501	12.80	2.31	$63,181
Feb 1998	340	24,828	13.95	2.30	$61,826
Jan 1998	379	27,646	14.70	2.15	$65,143
Dec 1997	372	29,047	16.32	2.41	$76,106
Nov 1997	392	36,119	18.19	3.09	$118,675
Oct 1997	556	35,744	19.25	3.15	$123,290
Sep 1997	470	32,117	17.74	2.95	$103,240
Aug 1997	514	32,480	17.86	2.55	$92,158
Jul 1997	559	32,440	17.58	2.25	$82,718
Jun 1997	540	31,071	17.24	2.26	$79,443
May 1997	752	32,987	18.97	2.31	$90,416
Apr 1997	573	30,702	17.88	2.08	$74,191
Mar 1997	923	34,224	18.95	1.94	$83,856
Feb 1997	747	32,614	20.49	2.21	$87,249
Jan 1997	424	29,934	23.48	3.54	$115,913

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.

Dec 2004 — as filed, then multipliedworked

Condensate            75 bbl  × $ 39.86 =     $2,990
Gas                    0 Mcf  × $  6.75 =         $0

────────────────────────────────────────────────────
Month total                                   $2,990

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/161434 is the state's own key, not one this site invented.