MCFADDIN "B"

Operated by APACHE CORPORATION (P-5 27200) in the KAY CREEK (2950) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 188307District 02Field 48352465CondensateGasSaveExport
Value, all time
$1.0 M
Jul 2001 – May 2005
Value, last 12 filed months
$176 k
at the published price for each month
Months reported
47
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 10 leases and 10 wells, and the rule below applies to all of them.

Discovered
1984-09-19
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 PER OPERATOR REQUEST 12/1/92

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
CondensateDisposition45 bbl$1,191
GasProduction234,296 Mcf$1,029,481
Total$1,030,672

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 28.5410, -97.0118. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.54103, -97.01175 · 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
6,500 ft
1 wells filed one
Completion to plug
22 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 6,500 ft.

Completions filed
May 2005
1 of 1 wells
Plug dates filed
Mar 2007
1 of 1 wells

Last completion to plug: a median of 22 months across the 1 well that filed both dates, with the middle half between 22 months and 22 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-46932770326,500 ftMay 2005Mar 2007Yes

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 (47)

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

47 months

May 20050045.226.65$0
Apr 200502,26849.207.36$16,694
Mar 200502,63150.377.15$18,824
Feb 200502,41645.226.31$15,250
Jan 200503,00543.166.32$18,998
Dec 200402,47439.866.75$16,702
Nov 200402,49745.286.33$15,807
Oct 200402,66049.706.52$17,330
Sep 200402,58143.245.28$13,638
Aug 200402,37642.375.55$13,188
Jul 200402,36938.286.08$14,413
Jun 200402,39536.106.43$15,407
May 200402,71037.486.49$17,600
Apr 200403,49734.475.86$20,487
Mar 200403,93034.365.53$21,733
Feb 200403,82432.455.51$21,069
Jan 200404,19732.036.30$26,440
Dec 200304,43330.266.30$27,935
Nov 200304,30828.804.60$19,796
Oct 200304,68328.174.76$22,289
Sep 200304,71926.314.75$22,412
Aug 200305,03629.765.13$25,833
Jul 200304,94229.415.17$25,554
Jun 200305,16528.565.98$30,902
May 200306,19026.595.97$36,971
Apr 200305,98326.675.41$32,352
Mar 200305,58531.146.10$34,046
Feb 200304,94533.487.93$39,193
Jan 200305,89330.315.58$32,895
Dec 200206,43526.914.85$31,234
Nov 200206,01024.664.14$24,863
Oct 200206,62226.464.23$28,005
Sep 2002286,67727.443.64$25,041
Aug 200207,00325.963.16$22,159
Jul 200204,69024.583.06$14,360
Jun 200207,14723.733.34$23,858
May 200207,32524.663.58$26,253
Apr 200207,44323.653.51$26,142
Mar 200207,80822.003.10$24,226
Feb 200206,88618.222.38$16,359
Jan 200208,55117.172.38$20,314
Dec 200108,22816.932.36$19,454
Nov 200108,09418.072.41$19,470
Oct 200108,47919.782.53$21,442
Sep 200107,62524.262.25$17,166
Aug 2001175,69724.873.05$17,817
Jul 200105,86423.933.20$18,748

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.

Apr 2005 — as filed, then multipliedworked
Condensate             0 bbl  × $ 49.20 =         $0
Gas                2,268 Mcf  × $  7.36 =    $16,694

────────────────────────────────────────────────────
Month total                                  $16,694

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/188307 is the state's own key, not one this site invented.