OLINICK, JEROME

Operated by DEVON LOUISIANA CORPORATION (P-5 216731) in the FALLS CITY (LMA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 5355District 02Field 30119560OilCasinghead gasSaveExport
Value, all time
$550 k
Jan 1993 – Nov 2004
Value, last 12 filed months
$0
at the published price for each month
Months reported
143
no gaps in the span
Streams
2
oil, casinghead 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 3 leases and 6 wells, and the rule below applies to all of them.

Discovered
1977-01-01
as the register files it
Field class
Oil
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres.

The Commission's schedule remark for this field reads: SUBDIVIDED FROM FALLS CITY FIELD EFF 1-1-77 DOCKET 2-66790

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
OilDisposition27,769 bbl$547,113
Casinghead gasProduction906 Mcf$2,656
Total$549,769

73 Mcf of this lease's gas, across 7 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 (2)

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 29.0100, -98.0045. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

29.01001, -98.00446 · 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%
2 of 2 wells
With a plug date
50.0%
1 of 2 wells
Median depth
6,244 ft
2 wells filed one
Completion to plug
20.6 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
150.0%
BothOn the schedule and plugged. Neither fact cancels the other.
150.0%
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

Between 6,068 and 6,420 ft, median 6,244 ft, over the 2 wells that filed a depth.

Completions filed
Feb 1985 – Sep 2004
2 of 2 wells
Plug dates filed
Sep 2005
1 of 2 wells; 1 filed none

Last completion to plug: a median of 20.6 years across the 1 well that filed both dates, with the middle half between 20.6 years and 20.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-25500049146,420 ftSep 2004Yes
42-2550004886,068 ftFeb 1985Sep 2005Yes

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

Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 200264017.172.38$1,099
Dec 2001291016.932.36$4,927
Nov 2001286018.072.41$5,168
Oct 2001333019.782.53$6,587
Sep 2001229024.262.25$5,556
Aug 2001386024.873.05$9,600
Jul 20013562023.933.20$8,583
Jun 2001444024.563.82$10,905
May 20013881625.524.31$9,971
Apr 20013881724.685.34$9,667
Mar 20014331824.545.38$10,723
Feb 20013551227.755.77$9,920
Jan 20013411527.478.40$9,493
Dec 20004191826.889.12$11,427
Nov 20004961832.215.66$16,078
Oct 20005081931.235.15$15,963
Sep 20004761831.875.19$15,263
Aug 20004842029.644.54$14,437
Jul 20004882228.534.09$14,013
Jun 20003611129.304.40$10,626
May 20004781727.263.68$13,093
Apr 20004951724.513.12$12,185
Mar 20006832028.422.86$19,468
Feb 20005601727.622.73$15,514
Jan 20006182225.272.48$15,671
Dec 19994602224.282.42$11,222
Nov 19995101623.192.43$11,866
Oct 19995781920.982.80$12,180
Sep 19995051621.752.62$11,026
Aug 19994321419.262.88$8,361
Jul 19995391717.892.37$9,683
Jun 19995371715.942.36$8,600
May 19995371815.792.32$8,521
Apr 19995671815.102.21$8,601
Mar 19997062112.471.84$8,842
Feb 1999553199.981.82$5,553
Jan 19997122110.381.90$7,430
Dec 1998666209.201.77$6,163
Nov 19987322010.892.19$8,015
Oct 19985561612.421.97$6,937
Sep 19986742112.592.08$8,529
Aug 19984791511.301.91$5,441
Jul 19987402111.742.24$8,735
Jun 19987442211.242.24$8,412
May 19987752312.622.21$9,831
Apr 19988452313.042.51$11,076
Mar 19982791212.802.31$3,599
Feb 19980013.952.30$0
Jan 199845314.702.15$668
Dec 1997186616.322.41$3,050
Nov 19971801018.193.09$3,305
Oct 1997258919.253.15$4,995
Sep 1997178917.742.95$3,184
Aug 1997186617.862.55$3,337
Jul 1997180617.582.25$3,178
Jun 1997180917.242.26$3,124
May 1997181618.972.31$3,447
Apr 19972131217.882.08$3,833
Mar 19971741718.951.94$3,330
Feb 1997167620.492.21$3,435
Jan 1997206623.483.54$4,858
Dec 19962291023.32$5,340
Nov 1996300921.97$6,591
Oct 19962521223.31$5,874
Sep 19963091222.22$6,866
Aug 19962791220.26$5,653
Jul 1996339919.55$6,627
Jun 1996241918.73$4,514
May 19960019.43$0
Apr 19960021.51$0
Mar 19960019.38$0
Feb 19960016.98$0
Jan 19960017.07$0
Dec 19950017.19$0
Nov 19950016.00$0
Oct 19950015.43$0
Sep 19950016.18$0
Aug 19950015.92$0
Jul 19950015.24$0
Jun 19950016.41$0
May 19950017.56$0
Apr 19950017.73$0
Mar 19950016.44$0
Feb 19950016.58$0
Jan 19950015.92$0
Dec 19940015.03$0
Nov 19940015.90$0
Oct 19940015.58$0
Sep 19940015.29$0
Aug 19940016.13$0
Jul 19940017.56$0
Jun 19940017.09$0
May 19940015.88$0
Apr 19940014.14$0
Mar 19940012.46$0
Feb 19940012.50$0
Jan 19940012.66$0
Dec 19930012.33$0
Nov 19930014.49$0
Oct 19930015.85$0
Sep 19930015.03$0
Aug 19930015.66$0
Jul 19930015.46$0
Jun 19930016.79$0
May 19930017.68$0
Apr 19930018.05$0
Mar 19930018.14$0
Feb 19930017.90$0
Jan 19930016.93$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.

Jan 2002 — as filed, then multipliedworked
Oil                   64 bbl  × $ 17.17 =     $1,099
Casinghead gas         0 Mcf  × $  2.38 =         $0

────────────────────────────────────────────────────
Month total                                   $1,099

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/O/5355 is the state's own key, not one this site invented.