FREEMAN, C. N.

Name: FREEMAN, C. N. lease production and value, Jun 2003 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by KOVAR OPERATING, LLC (P-5 448984) in the FREEMAN (PETTUS 4600) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 197344District 02Field 32907760CondensateGasSave Export

Value, all time

$2.4 M

Jun 2003 – May 2017

Value, last 12 filed months

$13 k

at the published price for each month

Months reported

168

no gaps in the span

Streams

condensate, gas

The FREEMAN (PETTUS 4600) 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 4 leases and 4 wells, and the rule below applies to all of them.

Discovered

1997-09-23

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 EFFECTIVE 06/01/2008.”

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	9,679 bbl	$774,146
Gas	Production	289,332 Mcf	$1,600,503
Total			$2,374,649

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 28.2344, -97.9889. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.23439, -97.98888 · 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

5,700 ft

1 wells filed one

Completion to plug

13.9 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 5,700 ft.

Completions filed

Jun 2003

1 of 1 wells

Plug dates filed

May 2017

1 of 1 wells

Last completion to plug: a median of 13.9 years across the 1 well that filed both dates, with the middle half between 13.9 years and 13.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-29734254	2R	5,700 ft	Jun 2003	May 2017	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 (168)

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

168 months


May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	101	0	50.45	2.95	$5,095
Jan 2017	0	8	49.41	3.42	$27
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	22	42.49	2.64	$58
Oct 2016	0	433	46.19	3.09	$1,338
Sep 2016	0	13	41.55	3.10	$40
Aug 2016	0	434	41.44	2.92	$1,269
Jul 2016	0	425	41.62	2.92	$1,243
Jun 2016	57	414	45.35	2.69	$3,697
May 2016	0	428	42.52	1.99	$852
Apr 2016	68	583	36.56	1.99	$3,647
Mar 2016	0	582	33.01	1.79	$1,044
Feb 2016	0	570	26.47	2.06	$1,176
Jan 2016	0	928	27.35	2.36	$2,194
Dec 2015	0	708	32.36	2.00	$1,417
Nov 2015	104	200	38.79	2.17	$4,468
Oct 2015	100	624	43.55	2.43	$5,869
Sep 2015	0	529	42.99	2.76	$1,459
Aug 2015	119	137	40.16	2.87	$5,173
Jul 2015	0	53	48.15	2.95	$156
Jun 2015	126	13	56.15	2.88	$7,112
May 2015	0	429	55.21	2.96	$1,268
Apr 2015	131	622	49.82	2.71	$8,210
Mar 2015	0	692	42.89	2.93	$2,031
Feb 2015	169	678	44.66	2.98	$9,565
Jan 2015	0	718	43.43	3.10	$2,226
Dec 2014	146	560	54.69	3.59	$9,996
Nov 2014	22	598	70.46	4.25	$4,093
Oct 2014	0	570	78.30	3.90	$2,224
Sep 2014	0	680	86.16	4.05	$2,751
Aug 2014	105	915	89.39	4.04	$13,078
Jul 2014	110	621	96.56	4.18	$13,217
Jun 2014	0	656	98.16	4.74	$3,107
May 2014	124	560	94.73	4.73	$14,393
Apr 2014	0	549	95.94	4.81	$2,640
Mar 2014	124	652	95.89	5.06	$15,187
Feb 2014	0	555	97.40	6.19	$3,437
Jan 2014	260	628	90.40	4.86	$26,557
Dec 2013	0	528	91.82	4.35	$2,299
Nov 2013	155	668	88.85	3.74	$16,269
Oct 2013	0	882	97.42	3.78	$3,333
Sep 2013	111	858	104.11	3.72	$14,746
Aug 2013	118	628	104.25	3.52	$14,514
Jul 2013	45	456	102.52	3.72	$6,309
Jun 2013	0	775	94.40	3.93	$3,048
May 2013	127	651	94.83	4.15	$14,744
Apr 2013	0	633	93.96	4.28	$2,711
Mar 2013	128	667	93.62	3.91	$14,593
Feb 2013	0	720	91.23	3.42	$2,462
Jan 2013	224	749	91.60	3.42	$23,080
Dec 2012	0	1,051	86.77	3.42	$3,595
Nov 2012	114	1,357	86.95	3.62	$14,831
Oct 2012	0	1,429	89.38	3.40	$4,858
Sep 2012	113	931	94.67	2.92	$13,415
Aug 2012	0	310	92.66	2.91	$902
Jul 2012	198	934	85.13	3.02	$19,677
Jun 2012	258	1,485	79.82	2.52	$24,334
May 2012	0	1,673	91.61	2.49	$4,163
Apr 2012	131	1,628	101.65	2.00	$16,567
Mar 2012	102	1,331	105.05	2.22	$13,673
Feb 2012	141	1,622	101.10	2.57	$18,424
Jan 2012	141	1,814	98.09	2.73	$18,790
Dec 2011	185	1,699	96.87	3.24	$23,425
Nov 2011	75	1,810	95.72	3.31	$13,172
Oct 2011	101	855	84.98	3.65	$11,702
Sep 2011	0	774	83.62	3.99	$3,085
Aug 2011	109	2,271	83.40	4.15	$18,514
Jul 2011	144	2,358	94.14	4.52	$24,208
Jun 2011	107	1,033	92.90	4.64	$14,733
May 2011	127	2,036	98.13	4.40	$21,431
Apr 2011	313	2,251	105.96	4.33	$42,920
Mar 2011	124	2,234	96.36	4.06	$21,013
Feb 2011	0	1,919	85.64	4.18	$8,021
Jan 2011	244	2,425	86.50	4.59	$32,234
Dec 2010	129	2,452	85.73	4.35	$21,720
Nov 2010	413	2,636	80.84	3.80	$43,391
Oct 2010	143	3,119	78.10	3.51	$22,113
Sep 2010	264	2,901	72.63	3.98	$30,719
Aug 2010	283	2,680	73.68	4.42	$32,695
Jul 2010	435	2,681	72.55	4.74	$44,258
Jun 2010	542	2,371	70.36	4.91	$49,778
May 2010	571	2,208	71.12	4.24	$49,961
Apr 2010	559	1,450	81.69	4.12	$51,643
Mar 2010	556	1,042	78.39	4.39	$48,158
Feb 2010	0	557	73.58	5.44	$3,031
Jan 2010	0	132	74.36	5.96	$787
Dec 2009	0	130	71.44	5.48	$713
Nov 2009	11	107	74.59	3.75	$1,222
Oct 2009	0	266	72.54	4.11	$1,093
Sep 2009	0	620	65.54	3.06	$1,900
Aug 2009	12	632	67.42	3.22	$2,843
Jul 2009	0	597	61.13	3.46	$2,068
Jun 2009	0	455	66.16	3.90	$1,772
May 2009	0	540	54.74	3.93	$2,120
Apr 2009	0	569	46.77	3.59	$2,041
Mar 2009	0	644	42.14	4.06	$2,614
Feb 2009	13	730	32.81	4.63	$3,809
Jan 2009	0	840	35.86	5.37	$4,512
Dec 2008	0	820	37.10	5.98	$4,901
Nov 2008	1	724	55.49	6.86	$5,022
Oct 2008	3	637	75.24	6.92	$4,635
Sep 2008	0	205	101.76	7.88	$1,615
Aug 2008	0	644	114.22	8.48	$5,463
Jul 2008	0	684	131.08	11.39	$7,790
Jun 2008	16	826	131.33	13.03	$12,866
May 2008	0	951	123.17	11.57	$11,007
Apr 2008	0	1,162	110.31	10.45	$12,149
Mar 2008	14	1,367	101.90	9.66	$14,637
Feb 2008	0	1,310	92.53	8.77	$11,489
Jan 2008	0	404	90.38	8.21	$3,315
Dec 2007	15	809	88.33	7.30	$7,232
Nov 2007	0	433	91.67	7.29	$3,157
Oct 2007	0	1,138	82.85	6.92	$7,877
Sep 2007	11	1,202	75.84	6.24	$8,340
Aug 2007	0	1,010	69.06	6.39	$6,452
Jul 2007	0	958	70.90	6.39	$6,120
Jun 2007	25	1,636	62.00	7.55	$13,899
May 2007	0	1,890	58.74	7.85	$14,829
Apr 2007	0	2,113	59.61	7.81	$16,492
Mar 2007	0	1,058	56.92	7.30	$7,725
Feb 2007	0	1,843	55.10	8.22	$15,142
Jan 2007	52	2,381	50.30	6.73	$18,632
Dec 2006	0	3,185	56.65	6.92	$22,035
Nov 2006	0	1,325	54.20	7.62	$10,093
Oct 2006	0	3,132	54.90	6.01	$18,835
Sep 2006	0	2,395	60.08	5.04	$12,064
Aug 2006	0	885	68.71	7.34	$6,496
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	1,204	64.39	7.36	$8,862
Mar 2006	0	1,381	56.70	7.08	$9,782
Feb 2006	0	1,463	57.59	7.75	$11,340
Jan 2006	0	1,714	60.59	8.93	$15,312
Dec 2005	0	1,774	54.94	13.42	$23,799
Nov 2005	0	1,913	54.69	10.59	$20,256
Oct 2005	0	2,004	58.34	13.80	$27,647
Sep 2005	0	2,040	61.45	12.08	$24,641
Aug 2005	0	1,924	61.51	9.80	$18,849
Jul 2005	0	2,964	55.69	7.84	$23,249
Jun 2005	7	2,767	52.33	7.38	$20,790
May 2005	10	2,856	45.22	6.65	$19,448
Apr 2005	6	3,461	49.20	7.36	$25,770
Mar 2005	0	1,880	50.37	7.15	$13,451
Feb 2005	0	1,586	45.22	6.31	$10,011
Jan 2005	0	2,066	43.16	6.32	$13,062
Dec 2004	0	3,165	39.86	6.75	$21,367
Nov 2004	0	3,802	45.28	6.33	$24,068
Oct 2004	0	2,639	49.70	6.52	$17,193
Sep 2004	0	1,220	43.24	5.28	$6,446
Aug 2004	0	2,794	42.37	5.55	$15,509
Jul 2004	0	3,352	38.28	6.08	$20,394
Jun 2004	0	2,907	36.10	6.43	$18,701
May 2004	0	3,968	37.48	6.49	$25,770
Apr 2004	0	4,827	34.47	5.86	$28,279
Mar 2004	0	4,104	34.36	5.53	$22,696
Feb 2004	0	3,291	32.45	5.51	$18,132
Jan 2004	0	7,631	32.03	6.30	$48,073
Dec 2003	0	11,346	30.26	6.30	$71,498
Nov 2003	0	10,685	28.80	4.60	$49,099
Oct 2003	0	16,863	28.17	4.76	$80,262
Sep 2003	0	17,680	26.31	4.75	$83,969
Aug 2003	18	12,730	29.76	5.13	$65,837
Jul 2003	69	10,822	29.41	5.17	$57,988
Jun 2003	0	1,791	28.56	5.98	$10,715

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.

Feb 2017 — as filed, then multipliedworked

Condensate           101 bbl  × $ 50.45 =     $5,095
Gas                    0 Mcf  × $  2.95 =         $0

────────────────────────────────────────────────────
Month total                                   $5,095

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/197344 is the state's own key, not one this site invented.