WELDER, J. F. HEIRS -R-

Name: WELDER, J. F. HEIRS -R- lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the VIDAURI, WEST (4800) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 68929District 02Field 93746750CondensateGasSave Export

Value, all time

$159 k

Jan 1993 – Sep 2004

Value, last 12 filed months

$42

at the published price for each month

Months reported

141

no gaps in the span

Streams

condensate, gas

The VIDAURI, WEST (4800) 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 12 leases and 12 wells, and the rule below applies to all of them.

Discovered

1947-11-16

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 EFF. 1-1-80 PER AMENDMENT TO SWR 28 & 29”

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	1 bbl	$13
Gas	Production	149,518 Mcf	$158,660
Total			$158,672

97,401 Mcf of this lease's gas, across 47 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 28.4772, -97.2228. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.47715, -97.22276 · 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

5,012 ft

1 wells filed one

Completion to plug

27.8 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 5,012 ft.

Completions filed

Nov 1976

1 of 1 wells

Plug dates filed

Sep 2004

1 of 1 wells

Last completion to plug: a median of 27.8 years across the 1 well that filed both dates, with the middle half between 27.8 years and 27.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-39130543	4	5,012 ft	Nov 1976	Sep 2004	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 (141)

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

141 months


Sep 2004	0	8	43.24	5.28	$42
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	1	26.31	4.75	$5
Aug 2003	0	1	29.76	5.13	$5
Jul 2003	0	11	29.41	5.17	$57
Jun 2003	0	1	28.56	5.98	$6
May 2003	0	1	26.59	5.97	$6
Apr 2003	0	3	26.67	5.41	$16
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	4	26.46	4.23	$17
Sep 2002	0	5	27.44	3.64	$18
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	0	24.66	3.58	$0
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	210	22.00	3.10	$652
Feb 2002	0	495	18.22	2.38	$1,176
Jan 2002	0	486	17.17	2.38	$1,155
Dec 2001	0	588	16.93	2.36	$1,390
Nov 2001	0	568	18.07	2.41	$1,366
Oct 2001	0	767	19.78	2.53	$1,940
Sep 2001	0	798	24.26	2.25	$1,797
Aug 2001	0	653	24.87	3.05	$1,994
Jul 2001	0	825	23.93	3.20	$2,638
Jun 2001	0	872	24.56	3.82	$3,335
May 2001	0	812	25.52	4.31	$3,498
Apr 2001	0	1,276	24.68	5.34	$6,808
Mar 2001	0	721	24.54	5.38	$3,876
Feb 2001	0	853	27.75	5.77	$4,919
Jan 2001	0	862	27.47	8.40	$7,240
Dec 2000	0	922	26.88	9.12	$8,411
Nov 2000	0	753	32.21	5.66	$4,260
Oct 2000	0	756	31.23	5.15	$3,890
Sep 2000	0	614	31.87	5.19	$3,185
Aug 2000	0	915	29.64	4.54	$4,155
Jul 2000	0	814	28.53	4.09	$3,329
Jun 2000	0	556	29.30	4.40	$2,445
May 2000	0	815	27.26	3.68	$2,999
Apr 2000	0	1,183	24.51	3.12	$3,686
Mar 2000	0	905	28.42	2.86	$2,588
Feb 2000	0	671	27.62	2.73	$1,829
Jan 2000	0	1,023	25.27	2.48	$2,538
Dec 1999	0	1,018	24.28	2.42	$2,467
Nov 1999	0	997	23.19	2.43	$2,427
Oct 1999	0	1,246	20.98	2.80	$3,493
Sep 1999	0	2,017	21.75	2.62	$5,282
Aug 1999	0	1,077	19.26	2.88	$3,097
Jul 1999	0	1,371	17.89	2.37	$3,253
Jun 1999	0	822	15.94	2.36	$1,942
May 1999	0	1,074	15.79	2.32	$2,493
Apr 1999	0	1,072	15.10	2.21	$2,367
Mar 1999	0	1,406	12.47	1.84	$2,585
Feb 1999	0	1,291	9.98	1.82	$2,347
Jan 1999	0	1,326	10.38	1.90	$2,519
Dec 1998	0	1,581	9.20	1.77	$2,804
Nov 1998	0	1,129	10.89	2.19	$2,468
Oct 1998	0	883	12.42	1.97	$1,739
Sep 1998	0	730	12.59	2.08	$1,520
Aug 1998	0	1,003	11.30	1.91	$1,913
Jul 1998	0	848	11.74	2.24	$1,897
Jun 1998	0	771	11.24	2.24	$1,725
May 1998	0	898	12.62	2.21	$1,981
Apr 1998	0	1,033	13.04	2.51	$2,588
Mar 1998	0	855	12.80	2.31	$1,975
Feb 1998	0	1,091	13.95	2.30	$2,508
Jan 1998	0	1,159	14.70	2.15	$2,497
Dec 1997	0	40	16.32	2.41	$96
Nov 1997	0	19	18.19	3.09	$59
Oct 1997	0	29	19.25	3.15	$91
Sep 1997	0	161	17.74	2.95	$476
Aug 1997	0	783	17.86	2.55	$2,000
Jul 1997	0	912	17.58	2.25	$2,049
Jun 1997	0	492	17.24	2.26	$1,111
May 1997	0	41	18.97	2.31	$95
Apr 1997	0	1,211	17.88	2.08	$2,522
Mar 1997	0	69	18.95	1.94	$134
Feb 1997	0	273	20.49	2.21	$602
Jan 1997	0	641	23.48	3.54	$2,269
Dec 1996	0	1,593	23.32	—	$0
Nov 1996	0	1,544	21.97	—	$0
Oct 1996	0	2,343	23.31	—	$0
Sep 1996	0	2,054	22.22	—	$0
Aug 1996	0	2,406	20.26	—	$0
Jul 1996	0	1,935	19.55	—	$0
Jun 1996	0	2,221	18.73	—	$0
May 1996	0	2,237	19.43	—	$0
Apr 1996	0	2,106	21.51	—	$0
Mar 1996	0	1,909	19.38	—	$0
Feb 1996	0	1,864	16.98	—	$0
Jan 1996	0	2,071	17.07	—	$0
Dec 1995	0	1,884	17.19	—	$0
Nov 1995	0	2,088	16.00	—	$0
Oct 1995	0	1,927	15.43	—	$0
Sep 1995	0	1,670	16.18	—	$0
Aug 1995	0	2,095	15.92	—	$0
Jul 1995	0	2,843	15.24	—	$0
Jun 1995	0	2,599	16.41	—	$0
May 1995	0	2,212	17.56	—	$0
Apr 1995	0	2,176	17.73	—	$0
Mar 1995	0	1,615	16.44	—	$0
Feb 1995	0	1,474	16.58	—	$0
Jan 1995	0	2,014	15.92	—	$0
Dec 1994	0	2,306	15.03	—	$0
Nov 1994	0	1,689	15.90	—	$0
Oct 1994	0	1,848	15.58	—	$0
Sep 1994	0	1,325	15.29	—	$0
Aug 1994	0	1,651	16.13	—	$0
Jul 1994	0	1,885	17.56	—	$0
Jun 1994	0	1,902	17.09	—	$0
May 1994	0	2,242	15.88	—	$0
Apr 1994	0	2,256	14.14	—	$0
Mar 1994	0	2,409	12.46	—	$0
Feb 1994	1	2,170	12.50	—	$13
Jan 1994	0	2,186	12.66	—	$0
Dec 1993	0	2,828	12.33	—	$0
Nov 1993	0	2,437	14.49	—	$0
Oct 1993	0	2,323	15.85	—	$0
Sep 1993	0	3,298	15.03	—	$0
Aug 1993	0	2,345	15.66	—	$0
Jul 1993	0	0	15.46	—	$0
Jun 1993	0	866	16.79	—	$0
May 1993	0	2,455	17.68	—	$0
Apr 1993	0	2,728	18.05	—	$0
Mar 1993	0	1,911	18.14	—	$0
Feb 1993	0	1,787	17.90	—	$0
Jan 1993	0	1,674	16.93	—	$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.

Sep 2004 — as filed, then multipliedworked

Condensate             0 bbl  × $ 43.24 =         $0
Gas                    8 Mcf  × $  5.28 =        $42

────────────────────────────────────────────────────
Month total                                      $42

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/68929 is the state's own key, not one this site invented.