CONOCO FEE A-226

Operated by HUNT OIL COMPANY (P-5 416330) in the GUN POINT (WILCOX MIDDLE, 11000) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 230243District 02Field 37480770CondensateGasSaveExport
Value, all time
$276 k
Jul 2007 – Oct 2010
Value, last 12 filed months
$22 k
at the published price for each month
Months reported
40
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 14 leases and 14 wells, and the rule below applies to all of them.

Discovered
1986-08-16
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 09/01/87.

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
CondensateDisposition570 bbl$41,328
GasProduction34,241 Mcf$234,320
Total$275,648

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 28.9792, -97.2772. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.97919, -97.27715 · 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
16,740 ft
1 wells filed one
Completion to plug
3.3 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 16,740 ft.

Completions filed
Jul 2007
1 of 1 wells
Plug dates filed
Oct 2010
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

42-12332132116,740 ftJul 2007Oct 2010Yes

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

Oct 20100078.103.51$0
Sep 201018472.633.98$1,323
Aug 2010011073.684.42$486
Jul 20101738972.554.74$12,973
Jun 201008370.364.91$408
May 201009871.124.24$415
Apr 2010015181.694.12$623
Mar 2010012878.394.39$562
Feb 2010018773.585.44$1,018
Jan 2010023774.365.96$1,413
Dec 2009023971.445.48$1,311
Nov 2009036474.593.75$1,366
Oct 2009016372.544.11$670
Sep 2009025865.543.06$791
Aug 2009047867.423.22$1,538
Jul 2009063461.133.46$2,196
Jun 2009074366.163.90$2,894
May 200901,02154.743.93$4,008
Apr 2009092546.773.59$3,318
Mar 2009067642.144.06$2,744
Feb 200918579932.814.63$9,772
Jan 2009093035.865.37$4,995
Dec 200801,26537.105.98$7,561
Nov 200801,06055.496.86$7,272
Oct 200801,27475.246.92$8,819
Sep 20080496101.767.88$3,907
Aug 20080163114.228.48$1,383
Jul 20080831131.0811.39$9,465
Jun 200801,174131.3313.03$15,300
May 200800123.1711.57$0
Apr 20081941,127110.3110.45$33,183
Mar 200801,249101.909.66$12,070
Feb 200801,39792.538.77$12,253
Jan 200801,52290.388.21$12,489
Dec 200702,20088.337.30$16,064
Nov 200702,42391.677.29$17,668
Oct 200703,09882.856.92$21,444
Sep 200703,48175.846.24$21,736
Aug 200703,15569.066.39$20,154
Jul 20070970.906.39$57

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.

Sep 2010 — as filed, then multipliedworked
Condensate            18 bbl  × $ 72.63 =     $1,307
Gas                    4 Mcf  × $  3.98 =        $16

────────────────────────────────────────────────────
Month total                                   $1,323

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/230243 is the state's own key, not one this site invented.