WELDER 'C'

Name: WELDER 'C' lease production and value, Aug 2006 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by REMORA OPERATING, LLC (P-5 701613) in the PHIL POWER (4870) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 250307District 02Field 71211220CondensateGasSave Export

Value, all time

$373 k

Aug 2006 – Jun 2018

Value, last 12 filed months

$3 k

at the published price for each month

Months reported

143

no gaps in the span

Streams

condensate, gas

The PHIL POWER (4870) 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 7 leases and 7 wells, and the rule below applies to all of them.

Discovered

1973-11-25

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 06/01/2007.”

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	871 bbl	$64,141
Gas	Production	52,921 Mcf	$309,077
Total			$373,217

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 28.4820, -97.1926. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.48199, -97.19261 · 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

6,110 ft

1 wells filed one

Completion to plug

11.8 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 6,110 ft.

Completions filed

Aug 2006

1 of 1 wells

Plug dates filed

Jun 2018

1 of 1 wells

Last completion to plug: a median of 11.8 years across the 1 well that filed both dates, with the middle half between 11.8 years and 11.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-39132160	19	6,110 ft	Aug 2006	Jun 2018	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 (143)

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

143 months


Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	35	0	61.78	2.77	$2,162
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	15	0	45.37	3.00	$681
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	38	50.45	2.95	$112
Jan 2017	0	31	49.41	3.42	$106
Dec 2016	0	33	48.76	3.72	$123
Nov 2016	0	36	42.49	2.64	$95
Oct 2016	0	50	46.19	3.09	$155
Sep 2016	0	48	41.55	3.10	$149
Aug 2016	0	40	41.44	2.92	$117
Jul 2016	0	49	41.62	2.92	$143
Jun 2016	0	30	45.35	2.69	$81
May 2016	0	46	42.52	1.99	$92
Apr 2016	0	26	36.56	1.99	$52
Mar 2016	0	45	33.01	1.79	$81
Feb 2016	0	55	26.47	2.06	$114
Jan 2016	0	16	27.35	2.36	$38
Dec 2015	0	4	32.36	2.00	$8
Nov 2015	0	8	38.79	2.17	$17
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	141	40.16	2.87	$405
Jul 2015	0	810	48.15	2.95	$2,386
Jun 2015	0	33	56.15	2.88	$95
May 2015	0	1,404	55.21	2.96	$4,149
Apr 2015	0	1,162	49.82	2.71	$3,145
Mar 2015	0	1,691	42.89	2.93	$4,963
Feb 2015	226	1,329	44.66	2.98	$14,049
Jan 2015	0	82	43.43	3.10	$254
Dec 2014	0	217	54.69	3.59	$779
Nov 2014	0	18	70.46	4.25	$77
Oct 2014	0	47	78.30	3.90	$183
Sep 2014	0	153	86.16	4.05	$619
Aug 2014	0	178	89.39	4.04	$718
Jul 2014	0	150	96.56	4.18	$627
Jun 2014	0	607	98.16	4.74	$2,875
May 2014	0	103	94.73	4.73	$487
Apr 2014	0	33	95.94	4.81	$159
Mar 2014	0	20	95.89	5.06	$101
Feb 2014	0	162	97.40	6.19	$1,003
Jan 2014	0	25	90.40	4.86	$122
Dec 2013	0	407	91.82	4.35	$1,772
Nov 2013	0	157	88.85	3.74	$587
Oct 2013	0	146	97.42	3.78	$552
Sep 2013	0	126	104.11	3.72	$468
Aug 2013	0	291	104.25	3.52	$1,025
Jul 2013	0	218	102.52	3.72	$810
Jun 2013	0	52	94.40	3.93	$205
May 2013	0	125	94.83	4.15	$519
Apr 2013	0	319	93.96	4.28	$1,366
Mar 2013	0	212	93.62	3.91	$830
Feb 2013	0	130	91.23	3.42	$445
Jan 2013	43	45	91.60	3.42	$4,093
Dec 2012	0	146	86.77	3.42	$499
Nov 2012	0	156	86.95	3.62	$565
Oct 2012	0	265	89.38	3.40	$901
Sep 2012	0	239	94.67	2.92	$698
Aug 2012	0	250	92.66	2.91	$727
Jul 2012	0	250	85.13	3.02	$755
Jun 2012	0	258	79.82	2.52	$650
May 2012	0	294	91.61	2.49	$732
Apr 2012	0	335	101.65	2.00	$669
Mar 2012	0	220	105.05	2.22	$489
Feb 2012	0	179	101.10	2.57	$460
Jan 2012	0	252	98.09	2.73	$689
Dec 2011	0	382	96.87	3.24	$1,238
Nov 2011	0	234	95.72	3.31	$775
Oct 2011	160	161	84.98	3.65	$14,184
Sep 2011	0	203	83.62	3.99	$809
Aug 2011	0	230	83.40	4.15	$954
Jul 2011	0	326	94.14	4.52	$1,473
Jun 2011	0	175	92.90	4.64	$812
May 2011	0	183	98.13	4.40	$806
Apr 2011	0	256	105.96	4.33	$1,109
Mar 2011	0	127	96.36	4.06	$515
Feb 2011	0	284	85.64	4.18	$1,187
Jan 2011	0	497	86.50	4.59	$2,281
Dec 2010	0	123	85.73	4.35	$535
Nov 2010	159	72	80.84	3.80	$13,127
Oct 2010	0	322	78.10	3.51	$1,130
Sep 2010	0	156	72.63	3.98	$621
Aug 2010	0	72	73.68	4.42	$318
Jul 2010	0	342	72.55	4.74	$1,620
Jun 2010	0	220	70.36	4.91	$1,080
May 2010	0	205	71.12	4.24	$868
Apr 2010	0	186	81.69	4.12	$767
Mar 2010	0	128	78.39	4.39	$562
Feb 2010	0	189	73.58	5.44	$1,029
Jan 2010	0	87	74.36	5.96	$519
Dec 2009	0	316	71.44	5.48	$1,733
Nov 2009	0	233	74.59	3.75	$874
Oct 2009	0	324	72.54	4.11	$1,332
Sep 2009	0	198	65.54	3.06	$607
Aug 2009	0	391	67.42	3.22	$1,258
Jul 2009	0	240	61.13	3.46	$831
Jun 2009	0	308	66.16	3.90	$1,200
May 2009	0	164	54.74	3.93	$644
Apr 2009	0	389	46.77	3.59	$1,396
Mar 2009	0	113	42.14	4.06	$459
Feb 2009	0	167	32.81	4.63	$774
Jan 2009	0	287	35.86	5.37	$1,541
Dec 2008	0	313	37.10	5.98	$1,871
Nov 2008	0	292	55.49	6.86	$2,003
Oct 2008	0	406	75.24	6.92	$2,810
Sep 2008	0	293	101.76	7.88	$2,308
Aug 2008	0	481	114.22	8.48	$4,080
Jul 2008	0	679	131.08	11.39	$7,733
Jun 2008	0	284	131.33	13.03	$3,701
May 2008	60	471	123.17	11.57	$12,842
Apr 2008	0	470	110.31	10.45	$4,914
Mar 2008	0	593	101.90	9.66	$5,731
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	222	90.38	8.21	$1,822
Dec 2007	0	292	88.33	7.30	$2,132
Nov 2007	0	98	91.67	7.29	$715
Oct 2007	142	786	82.85	6.92	$17,205
Sep 2007	0	655	75.84	6.24	$4,090
Aug 2007	0	438	69.06	6.39	$2,798
Jul 2007	0	1,038	70.90	6.39	$6,631
Jun 2007	0	1,789	62.00	7.55	$13,504
May 2007	0	5,775	58.74	7.85	$45,312
Apr 2007	0	1,233	59.61	7.81	$9,624
Mar 2007	0	1,393	56.92	7.30	$10,172
Feb 2007	0	778	55.10	8.22	$6,392
Jan 2007	9	463	50.30	6.73	$3,567
Dec 2006	0	1,043	56.65	6.92	$7,216
Nov 2006	0	735	54.20	7.62	$5,599
Oct 2006	22	561	54.90	6.01	$4,582
Sep 2006	0	2,437	60.08	5.04	$12,276
Aug 2006	0	6,621	68.71	7.34	$48,598

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 2018 — as filed, then multipliedworked

Condensate            35 bbl  × $ 61.78 =     $2,162
Gas                    0 Mcf  × $  2.77 =         $0

────────────────────────────────────────────────────
Month total                                   $2,162

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/250307 is the state's own key, not one this site invented.