FUNK GAS UNIT

Name: FUNK GAS UNIT lease production and value, Oct 1997 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by LEGEND NATURAL GAS II, LP (P-5 495450) in the OLD BUZZARD (WILCOX) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 167061District 02Field 669577002 tax incentive programmesCondensateGasSave Export

Value, all time

$23.8 M

Oct 1997 – Aug 2011

Value, last 12 filed months

at the published price for each month

Months reported

167

no gaps in the span

Streams

condensate, gas

The OLD BUZZARD (WILCOX) 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 10 leases and 10 wells, and the rule below applies to all of them.

Discovered

1983-06-26

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 SUSPENDED EFF 5/1/95”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	1998-04-17	138270
NGPA	1	none	—	—

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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	12,584 bbl	$600,506
Gas	Production	6,157,127 Mcf	$23,154,245
Total			$23,754,751

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 28.6485, -97.4819. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.64849, -97.48189 · 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

0.0%

0 of 1 wells

Median depth

12,882 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

00.0%

BothOn the schedule and plugged. Neither fact cancels the other.

00.0%

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 12,882 ft.

Completions filed

Aug 2011

1 of 1 wells

1 well


42-17531765	1A	12,882 ft	Aug 2011	—	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 (167)

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

167 months


Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	337	0	67.42	3.22	$22,721
Jul 2009	0	3,258	61.13	3.46	$11,287
Jun 2009	178	2,195	66.16	3.90	$20,326
May 2009	0	2,000	54.74	3.93	$7,852
Apr 2009	0	264	46.77	3.59	$947
Mar 2009	0	155	42.14	4.06	$629
Feb 2009	0	163	32.81	4.63	$755
Jan 2009	0	131	35.86	5.37	$704
Dec 2008	0	151	37.10	5.98	$903
Nov 2008	0	204	55.49	6.86	$1,400
Oct 2008	0	163	75.24	6.92	$1,128
Sep 2008	181	316	101.76	7.88	$20,908
Aug 2008	0	381	114.22	8.48	$3,232
Jul 2008	0	988	131.08	11.39	$11,253
Jun 2008	0	2,529	131.33	13.03	$32,960
May 2008	178	2,395	123.17	11.57	$49,645
Apr 2008	0	3,562	110.31	10.45	$37,240
Mar 2008	357	6,423	101.90	9.66	$98,451
Feb 2008	182	8,118	92.53	8.77	$88,040
Jan 2008	355	11,878	90.38	8.21	$129,553
Dec 2007	542	18,551	88.33	7.30	$183,334
Nov 2007	898	27,915	91.67	7.29	$285,867
Oct 2007	1,055	32,722	82.85	6.92	$313,908
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	1,332	69.06	6.39	$8,509
Jul 2007	0	1,520	70.90	6.39	$9,710
Jun 2007	166	2,078	62.00	7.55	$25,978
May 2007	0	2,333	58.74	7.85	$18,305
Apr 2007	0	2,235	59.61	7.81	$17,445
Mar 2007	170	1,658	56.92	7.30	$21,783
Feb 2007	0	476	55.10	8.22	$3,911
Jan 2007	0	1,970	50.30	6.73	$13,252
Dec 2006	0	2,602	56.65	6.92	$18,002
Nov 2006	0	160	54.20	7.62	$1,219
Oct 2006	0	919	54.90	6.01	$5,527
Sep 2006	0	208	60.08	5.04	$1,048
Aug 2006	0	5,693	68.71	7.34	$41,786
Jul 2006	0	6,323	69.37	6.34	$40,105
Jun 2006	0	7,834	66.28	6.38	$50,011
May 2006	0	9,284	66.01	6.42	$59,650
Apr 2006	0	19,208	64.39	7.36	$141,380
Mar 2006	0	17,094	56.70	7.08	$121,075
Feb 2006	0	16,441	57.59	7.75	$127,436
Jan 2006	156	20,085	60.59	8.93	$188,878
Dec 2005	0	21,050	54.94	13.42	$282,394
Nov 2005	0	22,688	54.69	10.59	$240,230
Oct 2005	161	8,988	58.34	13.80	$133,389
Sep 2005	0	15,103	61.45	12.08	$182,429
Aug 2005	0	10,192	61.51	9.80	$99,849
Jul 2005	174	17,836	55.69	7.84	$149,589
Jun 2005	0	22,612	52.33	7.38	$166,900
May 2005	0	22,556	45.22	6.65	$150,024
Apr 2005	0	21,124	49.20	7.36	$155,483
Mar 2005	152	25,330	50.37	7.15	$188,889
Feb 2005	0	25,482	45.22	6.31	$160,840
Jan 2005	178	21,638	43.16	6.32	$144,482
Dec 2004	0	26,209	39.86	6.75	$176,939
Nov 2004	0	18,519	45.28	6.33	$117,233
Oct 2004	173	27,496	49.70	6.52	$187,737
Sep 2004	0	28,382	43.24	5.28	$149,968
Aug 2004	0	27,555	42.37	5.55	$152,948
Jul 2004	0	27,931	38.28	6.08	$169,937
Jun 2004	154	27,629	36.10	6.43	$183,297
May 2004	0	31,993	37.48	6.49	$207,781
Apr 2004	179	29,918	34.47	5.86	$181,444
Mar 2004	0	35,531	34.36	5.53	$196,491
Feb 2004	0	33,786	32.45	5.51	$186,148
Jan 2004	185	33,440	32.03	6.30	$216,586
Dec 2003	0	37,935	30.26	6.30	$239,053
Nov 2003	0	39,867	28.80	4.60	$183,195
Oct 2003	0	41,767	28.17	4.76	$198,796
Sep 2003	340	43,184	26.31	4.75	$214,042
Aug 2003	0	43,273	29.76	5.13	$221,978
Jul 2003	177	45,562	29.41	5.17	$240,799
Jun 2003	0	46,757	28.56	5.98	$279,745
May 2003	0	49,900	26.59	5.97	$298,037
Apr 2003	0	51,757	26.67	5.41	$279,865
Mar 2003	0	55,647	31.14	6.10	$339,226
Feb 2003	173	51,652	33.48	7.93	$415,180
Jan 2003	181	58,475	30.31	5.58	$331,896
Dec 2002	0	58,624	26.91	4.85	$284,547
Nov 2002	183	54,310	24.66	4.14	$229,191
Oct 2002	174	51,375	26.46	4.23	$221,875
Sep 2002	179	62,985	27.44	3.64	$233,875
Aug 2002	0	68,195	25.96	3.16	$215,780
Jul 2002	69	20,091	24.58	3.06	$63,210
Jun 2002	178	64,865	23.73	3.34	$220,759
May 2002	0	69,370	24.66	3.58	$248,622
Apr 2002	176	70,533	23.65	3.51	$251,897
Mar 2002	0	76,110	22.00	3.10	$236,148
Feb 2002	181	69,220	18.22	2.38	$167,742
Jan 2002	0	76,828	17.17	2.38	$182,519
Dec 2001	179	77,822	16.93	2.36	$187,033
Nov 2001	0	74,672	18.07	2.41	$179,625
Oct 2001	0	56,450	19.78	2.53	$142,755
Sep 2001	0	35,867	24.26	2.25	$80,748
Aug 2001	0	42,175	24.87	3.05	$128,767
Jul 2001	175	47,262	23.93	3.20	$155,288
Jun 2001	0	42,266	24.56	3.82	$161,632
May 2001	0	47,436	25.52	4.31	$204,322
Apr 2001	0	51,569	24.68	5.34	$275,137
Mar 2001	173	43,505	24.54	5.38	$238,147
Feb 2001	0	45,813	27.75	5.77	$264,207
Jan 2001	174	52,179	27.47	8.40	$443,019
Dec 2000	5	52,262	26.88	9.12	$476,895
Nov 2000	180	54,352	32.21	5.66	$313,321
Oct 2000	1	51,385	31.23	5.15	$264,433
Sep 2000	3	52,751	31.87	5.19	$273,689
Aug 2000	2	46,893	29.64	4.54	$212,989
Jul 2000	2	290	28.53	4.09	$1,243
Jun 2000	182	35,393	29.30	4.40	$160,964
May 2000	2	55,843	27.26	3.68	$205,543
Apr 2000	182	58,696	24.51	3.12	$187,358
Mar 2000	2	59,952	28.42	2.86	$171,505
Feb 2000	3	61,853	27.62	2.73	$168,725
Jan 2000	180	66,679	25.27	2.48	$169,946
Dec 1999	2	67,971	24.28	2.42	$164,791
Nov 1999	177	72,733	23.19	2.43	$181,136
Oct 1999	0	74,607	20.98	2.80	$209,176
Sep 1999	2	68,110	21.75	2.62	$178,413
Aug 1999	2	70,398	19.26	2.88	$202,475
Jul 1999	177	74,425	17.89	2.37	$179,730
Jun 1999	172	85,826	15.94	2.36	$205,471
May 1999	5	87,916	15.79	2.32	$204,134
Apr 1999	178	84,064	15.10	2.21	$188,305
Mar 1999	5	97,155	12.47	1.84	$178,665
Feb 1999	1	79,285	9.98	1.82	$144,133
Jan 1999	3	101,481	10.38	1.90	$192,840
Dec 1998	2	106,838	9.20	1.77	$189,476
Nov 1998	180	107,578	10.89	2.19	$237,096
Oct 1998	163	87,453	12.42	1.97	$174,238
Sep 1998	2	116,890	12.59	2.08	$243,463
Aug 1998	354	122,676	11.30	1.91	$237,986
Jul 1998	4	124,843	11.74	2.24	$279,354
Jun 1998	347	132,552	11.24	2.24	$300,455
May 1998	186	143,521	12.62	2.21	$319,003
Apr 1998	183	148,317	13.04	2.51	$373,969
Mar 1998	177	140,385	12.80	2.31	$326,476
Feb 1998	179	132,252	13.95	2.30	$306,562
Jan 1998	188	169,276	14.70	2.15	$367,518
Dec 1997	183	127,662	16.32	2.41	$310,792
Nov 1997	145	139,387	18.19	3.09	$433,101
Oct 1997	0	44,976	19.25	3.15	$141,666

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.

Aug 2009 — as filed, then multipliedworked

Condensate           337 bbl  × $ 67.42 =    $22,721
Gas                    0 Mcf  × $  3.22 =         $0

────────────────────────────────────────────────────
Month total                                  $22,721

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/167061 is the state's own key, not one this site invented.