ZEPHYR

Operated by MODERN EXPLORATION, INC. (P-5 573226) in the CLAYTON (QUEEN CITY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 274971District 02Field 18765370CondensateGasSaveExport
Value, all time
$101 k
May 2012 – Apr 2015
Value, last 12 filed months
$25 k
at the published price for each month
Months reported
36
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 21 leases and 28 wells, and the rule below applies to all of them.

Discovered
1953-05-16
as the register files it
Field class
Oil and 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 SUSPENDED BY OPERATOR REQUEST 01/1/93

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
CondensateDisposition549 bbl$44,395
GasProduction14,381 Mcf$56,644
Total$101,039

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 28.3320, -98.3049. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.33196, -98.30486 · 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
6,910 ft
1 wells filed one
Completion to plug
2.9 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 6,910 ft.

Completions filed
May 2012
1 of 1 wells
Plug dates filed
Apr 2015
1 of 1 wells

Last completion to plug: a median of 2.9 years across the 1 well that filed both dates, with the middle half between 2.9 years and 2.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-2973509016,910 ftMay 2012Apr 2015Yes

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 (36)

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

36 months

Apr 20150049.822.71$0
Mar 201505242.892.93$153
Feb 20158727044.662.98$4,689
Jan 2015019843.433.10$614
Dec 2014029554.693.59$1,059
Nov 2014014870.464.25$629
Oct 201413510578.303.90$10,980
Sep 2014016286.164.05$655
Aug 2014024389.394.04$981
Jul 2014030996.564.18$1,292
Jun 2014048498.164.74$2,293
May 2014028394.734.73$1,338
Apr 2014053095.944.81$2,549
Mar 2014033295.895.06$1,679
Feb 2014019597.406.19$1,207
Jan 2014034290.404.86$1,662
Dec 2013066091.824.35$2,874
Nov 201317982388.853.74$18,981
Oct 201301,48597.423.78$5,612
Sep 201301,920104.113.72$7,138
Aug 201301,994104.253.52$7,024
Jul 2013016102.523.72$59
Jun 2013018594.403.93$728
May 201314818594.834.15$14,802
Apr 201301,23893.964.28$5,302
Mar 2013040993.623.91$1,600
Feb 201301,45991.233.42$4,990
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 201205979.822.52$149
May 20120091.612.49$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.

Mar 2015 — as filed, then multipliedworked
Condensate             0 bbl  × $ 42.89 =         $0
Gas                   52 Mcf  × $  2.93 =       $153

────────────────────────────────────────────────────
Month total                                     $153

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/274971 is the state's own key, not one this site invented.