DUKE RANCH -B-

Operated by T - C OIL COMPANY (P-5 833850) in the SARCO CREEK (5000) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 208555District 02Field 81077913CondensateGasSave
Value, all time
$14.9 M
Apr 2005 – Jul 2008
Value, last 12 filed months
$288 k
at the published price for each month
Months reported
40
no gaps in the span
Streams
2
condensate, gas

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
CondensateDisposition1,555 bbl$100,584
GasProduction1,799,282 Mcf$14,780,764
Total$14,881,348

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 28.4965, -97.2877. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.49655, -97.28767 · 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
5,605 ft
1 wells filed one
Completion to plug
3.3 years
median over 1 wells

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 5,605 ft.

Completions filed
Apr 2005
1 of 1 wells
Plug dates filed
Jul 2008
1 of 1 wells

Last completion to plug: a median of 3.3 years across the 1 well that filed both dates, with the middle half between 3.3 years and 3.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-1753371915,605 ftApr 2005Jul 2008Yes

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 (40)

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

40 months

Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 20081300123.1711.57$16,012
Apr 200800110.3110.45$0
Mar 200802,131101.909.66$20,594
Feb 200801,76992.538.77$15,515
Jan 200801,60590.388.21$13,170
Dec 200701,75488.337.30$12,808
Nov 200702,78091.677.29$20,271
Oct 200708,22982.856.92$56,961
Sep 200709,56275.846.24$59,707
Aug 2007011,37569.066.39$72,663
Jul 20071814,23870.906.39$39,905
Jun 200708,40062.007.55$63,407
May 2007011,84458.747.85$92,931
Apr 2007013,53359.617.81$105,628
Mar 2007016,78456.927.30$122,556
Feb 200717817,12855.108.22$150,531
Jan 2007025,11150.306.73$168,918
Dec 2006030,49856.656.92$210,999
Nov 2006033,54554.207.62$255,528
Oct 2006041,45554.906.01$249,302
Sep 200618152,43060.085.04$274,975
Aug 2006016,65468.717.34$122,239
Jul 2006072,05369.376.34$457,015
Jun 2006082,71166.286.38$528,017
May 2006096,45566.016.42$619,723
Apr 2006086,23364.397.36$634,716
Mar 2006090,04556.707.08$637,782
Feb 200618380,15557.597.75$631,830
Jan 2006184108,44260.598.93$979,896
Dec 2005045,66954.9413.42$612,668
Nov 2005083,29854.6910.59$881,993
Oct 20050121,61058.3413.80$1,677,702
Sep 2005096,60461.4512.08$1,166,880
Aug 200518222,43661.519.80$230,997
Jul 2005176135,38355.697.84$1,071,697
Jun 2005160147,30052.337.38$1,095,600
May 20050154,45345.226.65$1,027,292
Apr 2005065,61049.207.36$482,921

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 2008 — as filed, then multipliedworked
Condensate           130 bbl  × $123.17 =    $16,012
Gas                    0 Mcf  × $ 11.57 =         $0

────────────────────────────────────────────────────
Month total                                  $16,012

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/208555 is the state's own key, not one this site invented.