GRISSOM UNIT

Name: GRISSOM UNIT lease production and value, Sep 2006 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by TIDAL PETROLEUM, INC. (P-5 859240) in the COSDEN, WEST (WILCOX 9500) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 222043District 02Field 208768322 tax incentive programmesCondensateGasSave Export

Value, all time

$5.8 M

Sep 2006 – Apr 2016

Value, last 12 filed months

$17 k

at the published price for each month

Months reported

116

no gaps in the span

Streams

condensate, gas

The COSDEN, WEST (WILCOX 9500) 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 13 leases and 13 wells, and the rule below applies to all of them.

Discovered

1963-08-26

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 Commission's schedule remark for this field reads: “ALLOCATION FORMULA EFFECTIVE 05/01/2006.”

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	2007-11-05	178301
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	18,160 bbl	$1,237,162
Gas	Production	720,833 Mcf	$4,559,634
Total			$5,796,796

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 28.6419, -97.8991. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.64187, -97.89907 · 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

9,077 ft

1 wells filed one

Completion to plug

9.2 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 9,077 ft.

Completions filed

Sep 2006

1 of 1 wells

Plug dates filed

Nov 2015

1 of 1 wells

Last completion to plug: a median of 9.2 years across the 1 well that filed both dates, with the middle half between 9.2 years and 9.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-02533401	4	9,077 ft	Sep 2006	Nov 2015	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 (116)

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

116 months


Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	77	0	26.47	2.06	$2,038
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	57	43.55	2.43	$138
Sep 2015	32	487	42.99	2.76	$2,719
Aug 2015	0	1,023	40.16	2.87	$2,939
Jul 2015	0	1,095	48.15	2.95	$3,225
Jun 2015	0	984	56.15	2.88	$2,837
May 2015	0	1,011	55.21	2.96	$2,988
Apr 2015	0	997	49.82	2.71	$2,698
Mar 2015	0	817	42.89	2.93	$2,398
Feb 2015	0	843	44.66	2.98	$2,509
Jan 2015	0	799	43.43	3.10	$2,477
Dec 2014	37	978	54.69	3.59	$5,536
Nov 2014	0	1,043	70.46	4.25	$4,435
Oct 2014	0	791	78.30	3.90	$3,086
Sep 2014	0	648	86.16	4.05	$2,621
Aug 2014	0	780	89.39	4.04	$3,147
Jul 2014	0	1,286	96.56	4.18	$5,375
Jun 2014	0	325	98.16	4.74	$1,539
May 2014	0	728	94.73	4.73	$3,441
Apr 2014	172	1,724	95.94	4.81	$24,793
Mar 2014	0	1,980	95.89	5.06	$10,012
Feb 2014	36	2,209	97.40	6.19	$17,185
Jan 2014	0	1,808	90.40	4.86	$8,788
Dec 2013	0	533	91.82	4.35	$2,321
Nov 2013	0	1,397	88.85	3.74	$5,222
Oct 2013	0	1,411	97.42	3.78	$5,333
Sep 2013	0	2,139	104.11	3.72	$7,952
Aug 2013	34	1,922	104.25	3.52	$10,315
Jul 2013	0	1,098	102.52	3.72	$4,082
Jun 2013	118	1,705	94.40	3.93	$17,846
May 2013	0	1,658	94.83	4.15	$6,879
Apr 2013	0	2,051	93.96	4.28	$8,784
Mar 2013	36	2,224	93.62	3.91	$12,073
Feb 2013	0	2,675	91.23	3.42	$9,148
Jan 2013	178	2,568	91.60	3.42	$25,087
Dec 2012	0	1,983	86.77	3.42	$6,782
Nov 2012	25	2,279	86.95	3.62	$10,435
Oct 2012	0	2,726	89.38	3.40	$9,268
Sep 2012	0	2,427	94.67	2.92	$7,083
Aug 2012	0	1,710	92.66	2.91	$4,973
Jul 2012	0	1,874	85.13	3.02	$5,661
Jun 2012	25	2,069	79.82	2.52	$7,207
May 2012	0	1,724	91.61	2.49	$4,290
Apr 2012	0	1,783	101.65	2.00	$3,560
Mar 2012	0	1,906	105.05	2.22	$4,235
Feb 2012	170	3,280	101.10	2.57	$25,617
Jan 2012	172	3,740	98.09	2.73	$27,097
Dec 2011	0	4,213	96.87	3.24	$13,649
Nov 2011	0	924	95.72	3.31	$3,060
Oct 2011	0	2,160	84.98	3.65	$7,881
Sep 2011	0	3,235	83.62	3.99	$12,894
Aug 2011	252	2,803	83.40	4.15	$32,647
Jul 2011	0	3,899	94.14	4.52	$17,613
Jun 2011	109	4,331	92.90	4.64	$30,221
May 2011	178	2,026	98.13	4.40	$26,391
Apr 2011	66	2,140	105.96	4.33	$16,267
Mar 2011	0	4,050	96.36	4.06	$16,432
Feb 2011	162	4,056	85.64	4.18	$30,828
Jan 2011	0	3,692	86.50	4.59	$16,942
Dec 2010	168	4,851	85.73	4.35	$35,494
Nov 2010	0	4,846	80.84	3.80	$18,392
Oct 2010	363	4,720	78.10	3.51	$44,912
Sep 2010	0	4,437	72.63	3.98	$17,657
Aug 2010	0	5,787	73.68	4.42	$25,575
Jul 2010	178	3,709	72.55	4.74	$30,482
Jun 2010	182	4,455	70.36	4.91	$34,681
May 2010	183	5,608	71.12	4.24	$36,766
Apr 2010	0	6,349	81.69	4.12	$26,175
Mar 2010	173	6,851	78.39	4.39	$43,628
Feb 2010	0	2,828	73.58	5.44	$15,391
Jan 2010	0	3,196	74.36	5.96	$19,061
Dec 2009	176	3,375	71.44	5.48	$31,081
Nov 2009	0	1,420	74.59	3.75	$5,327
Oct 2009	0	2,546	72.54	4.11	$10,465
Sep 2009	138	5,044	65.54	3.06	$24,503
Aug 2009	176	5,150	67.42	3.22	$28,441
Jul 2009	0	5,096	61.13	3.46	$17,655
Jun 2009	171	5,424	66.16	3.90	$32,440
May 2009	167	5,528	54.74	3.93	$30,843
Apr 2009	178	7,255	46.77	3.59	$34,352
Mar 2009	0	2,957	42.14	4.06	$12,002
Feb 2009	160	4,850	32.81	4.63	$27,720
Jan 2009	176	6,179	35.86	5.37	$39,499
Dec 2008	178	3,993	37.10	5.98	$30,471
Nov 2008	170	6,283	55.49	6.86	$52,537
Oct 2008	0	3,638	75.24	6.92	$25,182
Sep 2008	290	3,757	101.76	7.88	$59,105
Aug 2008	0	5,104	114.22	8.48	$43,297
Jul 2008	230	6,799	131.08	11.39	$107,585
Jun 2008	172	5,314	131.33	13.03	$91,844
May 2008	0	5,590	123.17	11.57	$64,700
Apr 2008	369	8,320	110.31	10.45	$127,689
Mar 2008	336	10,569	101.90	9.66	$136,378
Feb 2008	182	8,842	92.53	8.77	$94,390
Jan 2008	340	8,639	90.38	8.21	$101,619
Dec 2007	349	11,316	88.33	7.30	$113,456
Nov 2007	182	12,210	91.67	7.29	$105,716
Oct 2007	180	11,933	82.85	6.92	$97,513
Sep 2007	529	17,423	75.84	6.24	$148,911
Aug 2007	307	16,570	69.06	6.39	$127,050
Jul 2007	501	11,824	70.90	6.39	$111,052
Jun 2007	342	15,130	62.00	7.55	$135,412
May 2007	544	18,004	58.74	7.85	$173,219
Apr 2007	519	20,647	59.61	7.81	$192,092
Mar 2007	890	28,179	56.92	7.30	$256,421
Feb 2007	1,018	29,594	55.10	8.22	$299,236
Jan 2007	923	35,946	50.30	6.73	$288,230
Dec 2006	1,450	53,127	56.65	6.92	$449,698
Nov 2006	1,908	67,170	54.20	7.62	$615,080
Oct 2006	1,783	66,159	54.90	6.01	$495,754
Sep 2006	0	7,468	60.08	5.04	$37,618

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 2016 — as filed, then multipliedworked

Condensate            77 bbl  × $ 26.47 =     $2,038
Gas                    0 Mcf  × $  2.06 =         $0

────────────────────────────────────────────────────
Month total                                   $2,038

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/222043 is the state's own key, not one this site invented.