WELDER "G"

Name: WELDER "G" lease production and value, Apr 1997 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by WISER OIL COMPANY, THE (P-5 933800) in the PHIL POWER (5550) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 163124District 02Field 71211710CondensateGasSave Export

Value, all time

$2.3 M

Apr 1997 – Sep 2005

Value, last 12 filed months

$3 k

at the published price for each month

Months reported

102

no gaps in the span

Streams

condensate, gas

The PHIL POWER (5550) 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

1958-08-13

as the register files it

Field class

Oil and 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: “AOF-1 AND AOF-2 EFFECTIVE 12/01/97.”

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	8,095 bbl	$206,128
Gas	Production	686,750 Mcf	$2,067,292
Total			$2,273,419

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 28.4908, -97.1833. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.49077, -97.18333 · 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

6,100 ft

1 wells filed one

Completion to plug

6.1 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 6,100 ft.

Completions filed

Nov 2004

1 of 1 wells

Plug dates filed

Dec 2010

1 of 1 wells

Last completion to plug: a median of 6.1 years across the 1 well that filed both dates, with the middle half between 6.1 years and 6.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-39132170	28	6,100 ft	Nov 2004	Dec 2010	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 (102)

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

102 months


Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	56	0	45.22	6.65	$2,532
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	3	0	39.86	6.75	$120
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	10	38.28	6.08	$61
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	20	37.48	6.49	$130
Apr 2004	177	810	34.47	5.86	$10,847
Mar 2004	0	605	34.36	5.53	$3,346
Feb 2004	0	917	32.45	5.51	$5,052
Jan 2004	0	1,312	32.03	6.30	$8,265
Dec 2003	183	1,455	30.26	6.30	$14,706
Nov 2003	0	1,486	28.80	4.60	$6,828
Oct 2003	0	1,490	28.17	4.76	$7,092
Sep 2003	175	1,576	26.31	4.75	$12,089
Aug 2003	0	1,348	29.76	5.13	$6,915
Jul 2003	0	1,115	29.41	5.17	$5,765
Jun 2003	0	1,844	28.56	5.98	$11,033
May 2003	184	1,686	26.59	5.97	$14,963
Apr 2003	0	2,085	26.67	5.41	$11,274
Mar 2003	0	1,936	31.14	6.10	$11,802
Feb 2003	177	1,916	33.48	7.93	$21,112
Jan 2003	184	2,601	30.31	5.58	$20,096
Dec 2002	0	2,220	26.91	4.85	$10,775
Nov 2002	0	2,513	24.66	4.14	$10,396
Oct 2002	181	2,036	26.46	4.23	$13,400
Sep 2002	0	1,987	27.44	3.64	$7,223
Aug 2002	165	2,402	25.96	3.16	$11,884
Jul 2002	179	3,419	24.58	3.06	$14,868
Jun 2002	0	3,196	23.73	3.34	$10,669
May 2002	181	3,962	24.66	3.58	$18,663
Apr 2002	168	2,632	23.65	3.51	$13,218
Mar 2002	181	3,071	22.00	3.10	$13,510
Feb 2002	363	4,666	18.22	2.38	$17,699
Jan 2002	178	4,608	17.17	2.38	$14,003
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	4,826	18.07	2.41	$11,609
Oct 2001	165	5,778	19.78	2.53	$17,876
Sep 2001	346	5,509	24.26	2.25	$20,796
Aug 2001	178	4,749	24.87	3.05	$18,926
Jul 2001	171	6,820	23.93	3.20	$25,896
Jun 2001	171	4,921	24.56	3.82	$23,018
May 2001	170	5,694	25.52	4.31	$28,864
Apr 2001	184	5,958	24.68	5.34	$36,329
Mar 2001	165	7,035	24.54	5.38	$41,872
Feb 2001	174	6,491	27.75	5.77	$42,263
Jan 2001	347	8,250	27.47	8.40	$78,822
Dec 2000	341	8,802	26.88	9.12	$89,462
Nov 2000	511	8,922	32.21	5.66	$66,940
Oct 2000	343	7,870	31.23	5.15	$51,207
Sep 2000	350	5,001	31.87	5.19	$37,092
Aug 2000	495	5,780	29.64	4.54	$40,917
Jul 2000	178	8,128	28.53	4.09	$38,320
Jun 2000	0	7,869	29.30	4.40	$34,602
May 2000	0	6,087	27.26	3.68	$22,399
Apr 2000	0	2,499	24.51	3.12	$7,787
Mar 2000	3	3,300	28.42	2.86	$9,522
Feb 2000	0	3,961	27.62	2.73	$10,800
Jan 2000	7	4,752	25.27	2.48	$11,964
Dec 1999	0	4,881	24.28	2.42	$11,830
Nov 1999	0	5,565	23.19	2.43	$13,545
Oct 1999	0	3,890	20.98	2.80	$10,906
Sep 1999	4	6,231	21.75	2.62	$16,405
Aug 1999	7	5,807	19.26	2.88	$16,833
Jul 1999	11	6,706	17.89	2.37	$16,106
Jun 1999	0	6,949	15.94	2.36	$16,414
May 1999	2	7,430	15.79	2.32	$17,277
Apr 1999	6	8,235	15.10	2.21	$18,274
Mar 1999	0	10,435	12.47	1.84	$19,183
Feb 1999	7	8,973	9.98	1.82	$16,381
Jan 1999	12	10,076	10.38	1.90	$19,268
Dec 1998	9	11,852	9.20	1.77	$21,100
Nov 1998	0	11,917	10.89	2.19	$26,047
Oct 1998	94	7,677	12.42	1.97	$16,285
Sep 1998	16	16,180	12.59	2.08	$33,898
Aug 1998	31	14,969	11.30	1.91	$28,901
Jul 1998	0	15,112	11.74	2.24	$33,810
Jun 1998	159	22,040	11.24	2.24	$51,097
May 1998	0	20,452	12.62	2.21	$45,124
Apr 1998	0	18,695	13.04	2.51	$46,837
Mar 1998	0	27,895	12.80	2.31	$64,422
Feb 1998	194	21,496	13.95	2.30	$52,128
Jan 1998	0	23,108	14.70	2.15	$49,793
Dec 1997	0	25,554	16.32	2.41	$61,613
Nov 1997	162	27,642	18.19	3.09	$88,312
Oct 1997	0	29,272	19.25	3.15	$92,202
Sep 1997	178	22,064	17.74	2.95	$68,354
Aug 1997	0	22,807	17.86	2.55	$58,266
Jul 1997	169	22,066	17.58	2.25	$52,552
Jun 1997	0	20,152	17.24	2.26	$45,487
May 1997	0	17,900	18.97	2.31	$41,322
Apr 1997	0	2,796	17.88	2.08	$5,823

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 2005 — as filed, then multipliedworked

Condensate            56 bbl  × $ 45.22 =     $2,532
Gas                    0 Mcf  × $  6.65 =         $0

────────────────────────────────────────────────────
Month total                                   $2,532

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/163124 is the state's own key, not one this site invented.