BMB INVESTMENTS

Operated by MAGNUM PRODUCING, LP (P-5 521516) in the CHICOLETE CREEK (WILCOX -C-) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 228931District 02Field 17648250CondensateGasSaveExport
Value, all time
$937 k
Oct 2006 – Aug 2013
Value, last 12 filed months
$393
at the published price for each month
Months reported
83
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 2 leases and 2 wells, and the rule below applies to all of them.

Discovered
1954-07-01
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

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
CondensateDisposition1,939 bbl$122,641
GasProduction108,344 Mcf$814,241
Total$936,882

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 29.1215, -96.9337. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.12149, -96.93370 · 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
0.0%
0 of 1 wells
Median depth
10,618 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
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 10,618 ft.

Completions filed
Jun 2021
1 of 1 wells

1 well

42-28533284110,618 ftJun 2021Yes

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 (83)

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

83 months

Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20134494.403.93$393
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 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110284.983.65$7
Sep 20110283.623.99$8
Aug 20110283.404.15$8
Jul 20110594.144.52$23
Jun 20110292.904.64$9
May 20110298.134.40$9
Apr 201102105.964.33$9
Mar 201101996.364.06$77
Feb 201102285.644.18$92
Jan 20110086.504.59$0
Dec 201001485.734.35$61
Nov 201001880.843.80$68
Oct 201002778.103.51$95
Sep 201001572.633.98$60
Aug 20100073.684.42$0
Jul 201002672.554.74$123
Jun 201002770.364.91$133
May 201004071.124.24$169
Apr 201003781.694.12$153
Mar 201005578.394.39$241
Feb 201006973.585.44$376
Jan 201007274.365.96$429
Dec 200905571.445.48$302
Nov 200907274.593.75$270
Oct 200907972.544.11$325
Sep 200907165.543.06$218
Aug 200908567.423.22$274
Jul 200906761.133.46$232
Jun 2009017866.163.90$693
May 2009049454.743.93$1,939
Apr 2009049546.773.59$1,776
Mar 2009056842.144.06$2,306
Feb 2009046732.814.63$2,164
Jan 2009067235.865.37$3,609
Dec 2008073737.105.98$4,405
Nov 2008069955.496.86$4,795
Oct 2008049175.246.92$3,399
Sep 20080721101.767.88$5,679
Aug 200801,369114.228.48$11,613
Jul 200801,354131.0811.39$15,421
Jun 200801,291131.3313.03$16,825
May 200801,167123.1711.57$13,507
Apr 200801,775110.3110.45$18,557
Mar 20081952,668101.909.66$45,654
Feb 200802,12792.538.77$18,655
Jan 200802,28390.388.21$18,734
Dec 200702,28188.337.30$16,656
Nov 200701,05091.677.29$7,656
Oct 20071843,02782.856.92$36,197
Sep 200702,08075.846.24$12,988
Aug 200702,73069.066.39$17,439
Jul 200701,99370.906.39$12,731
Jun 200705,53062.007.55$41,743
May 20071966,13258.747.85$59,626
Apr 200703,44759.617.81$26,905
Mar 20073896,31556.927.30$68,254
Feb 20071947,64955.108.22$73,534
Jan 200719112,70050.306.73$95,038
Dec 200658614,40956.656.92$132,885
Nov 2006018,55454.207.62$141,335
Oct 20060054.906.01$0

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             4 bbl  × $ 94.40 =       $378
Gas                    4 Mcf  × $  3.93 =        $16

────────────────────────────────────────────────────
Month total                                     $393

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/228931 is the state's own key, not one this site invented.