HOMER

Operated by CHESAPEAKE OPERATING, L.L.C. (P-5 147699) in the MARSHALL (MIDDLE WILCOX) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 207462District 02Field 577193742 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.8 M
Apr 2004 – Nov 2014
Value, last 12 filed months
$0
at the published price for each month
Months reported
128
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 81 leases and 81 wells, and the rule below applies to all of them.

Discovered
2001-06-16
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2002-01-15.

The Commission's schedule remark for this field reads: MARSHALL (MIDDLE WILCOX) FIELD.

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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112005-08-09158050
NGPA1none

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.

StreamBasisVolumeValue
CondensateDisposition6,696 bbl$345,085
GasProduction356,968 Mcf$2,441,920
Total$2,787,004

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 28.7754, -97.3073. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.77538, -97.30730 · 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
13,000 ft
1 wells filed one
Completion to plug
9.5 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 13,000 ft.

Completions filed
Apr 2004
1 of 1 wells
Plug dates filed
Oct 2013
1 of 1 wells

Last completion to plug: a median of 9.5 years across the 1 well that filed both dates, with the middle half between 9.5 years and 9.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-17533565113,000 ftApr 2004Oct 2013Yes

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 (128)

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

128 months

Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 201334094.403.93$3,210
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 20120377101.102.57$969
Jan 2012371,75598.092.73$8,428
Dec 201171,10296.873.24$4,248
Nov 2011013095.723.31$430
Oct 201101,38884.983.65$5,064
Sep 20111941,88383.623.99$23,728
Aug 2011481,08583.404.15$8,505
Jul 201101,52394.144.52$6,880
Jun 2011030292.904.64$1,401
May 20111213298.134.40$1,759
Apr 20110790105.964.33$3,423
Mar 201101,54396.364.06$6,260
Feb 2011131,55585.644.18$7,613
Jan 201102,16186.504.59$9,916
Dec 201001,52585.734.35$6,630
Nov 20101791,47680.843.80$20,072
Oct 2010161,60178.103.51$6,867
Sep 201001,50072.633.98$5,969
Aug 201001,67373.684.42$7,394
Jul 2010121,59372.554.74$8,416
Jun 2010098870.364.91$4,851
May 20101921,59571.124.24$20,410
Apr 201001,55581.694.12$6,411
Mar 201011,59178.394.39$7,061
Feb 201001,57073.585.44$8,545
Jan 201001,38574.365.96$8,260
Dec 200901,50371.445.48$8,242
Nov 200901,32074.593.75$4,952
Oct 2009811,04372.544.11$10,163
Sep 200901,10365.543.06$3,380
Aug 200901,26667.423.22$4,075
Jul 20091021,27261.133.46$10,642
Jun 200901,17366.163.90$4,569
May 200901,31254.743.93$5,151
Apr 200901,24346.773.59$4,459
Mar 200901,22542.144.06$4,972
Feb 2009931,19232.814.63$8,574
Jan 200901,45035.865.37$7,788
Dec 200801,49837.105.98$8,954
Nov 200801,39255.496.86$9,550
Oct 20081841,38775.246.92$23,445
Sep 200801,288101.767.88$10,146
Aug 200801,448114.228.48$12,283
Jul 200801,387131.0811.39$15,797
Jun 200801,409131.3313.03$18,363
May 200801,382123.1711.57$15,996
Apr 20081811,508110.3110.45$35,732
Mar 200801,571101.909.66$15,182
Feb 200801,41892.538.77$12,437
Jan 200801,57590.388.21$12,924
Dec 200701,43888.337.30$10,500
Nov 200702,25091.677.29$16,406
Oct 200702,13582.856.92$14,778
Sep 200701,63675.846.24$10,215
Aug 200702,18169.066.39$13,932
Jul 2007083870.906.39$5,353
Jun 20071753,39662.007.55$36,485
May 2007088658.747.85$6,952
Apr 200701,16659.617.81$9,101
Mar 200701,57456.927.30$11,493
Feb 2007941,82755.108.22$20,190
Jan 200711,88950.306.73$12,757
Dec 200652,57356.656.92$18,084
Nov 200634,95454.207.62$37,900
Oct 20061392,33354.906.01$21,661
Sep 200603,58960.085.04$18,079
Aug 200604,21268.717.34$30,916
Jul 200604,35469.376.34$27,616
Jun 200604,31166.286.38$27,521
May 20061584,82466.016.42$41,424
Apr 200605,04964.397.36$37,163
Mar 20061705,36256.707.08$47,618
Feb 200604,81957.597.75$37,353
Jan 20061265,65760.598.93$58,170
Dec 200506,84854.9413.42$91,869
Nov 2005989,00054.6910.59$100,655
Oct 200510610,31958.3413.80$148,542
Sep 200502,83961.4512.08$34,292
Aug 200502,25761.519.80$22,111
Jul 200502,55355.697.84$20,025
Jun 20051632,44752.337.38$26,591
May 200503,61645.226.65$24,051
Apr 200503,47849.207.36$25,600
Mar 200503,62950.377.15$25,965
Feb 20051884,51645.226.31$37,006
Jan 20053595,33443.166.32$49,217
Dec 20041946,10739.866.75$48,962
Nov 2004288,14745.286.33$52,842
Oct 200438411,44849.706.52$93,670
Sep 200436115,01243.245.28$94,932
Aug 200418514,53442.375.55$88,512
Jul 200474123,94038.286.08$174,021
Jun 200489948,23036.106.43$342,718
May 200473332,37637.486.49$237,741
Apr 2004094234.475.86$5,519

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.

Jun 2013 — as filed, then multipliedworked
Condensate            34 bbl  × $ 94.40 =     $3,210
Gas                    0 Mcf  × $  3.93 =         $0

────────────────────────────────────────────────────
Month total                                   $3,210

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/207462 is the state's own key, not one this site invented.