OLINICK, JEROME

Operated by LEGEND NATURAL GAS II, LP (P-5 495450) in the FALLS CITY (LPA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 5371District 02Field 30119660OilCasinghead gasSaveExport
Value, all time
$359 k
Jan 1993 – Oct 2006
Value, last 12 filed months
$0
at the published price for each month
Months reported
166
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 21 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
OilDisposition16,052 bbl$357,688
Casinghead gasProduction663 Mcf$1,520
Total$359,209

147 Mcf of this lease's gas, across 9 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 (6)

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 29.0114, -98.0020. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

29.01035, -98.00225 · centre of 5 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%
6 of 6 wells
With a plug date
66.7%
4 of 6 wells
Median depth
6,087 ft
6 wells filed one
Completion to plug
26.0 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
6100.0%
A plug date is filed
466.7%
BothOn the schedule and plugged. Neither fact cancels the other.
466.7%
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 5,946 and 6,515 ft, median 6,087 ft, over the 6 wells that filed a depth.

Completions filed
Feb 1976 – Aug 2001
5 of 6 wells; 1 filed none
Plug dates filed
Jun 1983 – Sep 2006
4 of 6 wells; 2 filed none

Last completion to plug: a median of 26.0 years across the 3 wells that filed both dates, with the middle half between 21.5 years and 27.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

6 wells

42-2550004336,091 ftJun 1983Yes
42-2550004116,083 ftAug 2001Yes
42-2553020916 U6,515 ftSep 1989Sep 2006Yes
42-2550004446,120 ftNov 1985Yes
42-255000477 L5,946 ftMar 1976Mar 2002Yes
42-255000466 L6,060 ftFeb 1976Mar 2004Yes

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 (166)

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

166 months

Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 200513043.166.32$561
Dec 2004136039.866.75$5,421
Nov 2004119045.286.33$5,388
Oct 2004142049.706.52$7,057
Sep 200490043.245.28$3,892
Aug 200474042.375.55$3,135
Jul 2004112038.286.08$4,287
Jun 200442036.106.43$1,516
May 200427037.486.49$1,012
Apr 2004191034.475.86$6,584
Mar 200495034.365.53$3,264
Feb 2004165032.455.51$5,354
Jan 2004167032.036.30$5,349
Dec 2003107030.266.30$3,238
Nov 200313028.804.60$374
Oct 200313028.174.76$366
Sep 200329026.314.75$763
Aug 2003154029.765.13$4,583
Jul 2003134029.415.17$3,941
Jun 200397028.565.98$2,770
May 2003129026.595.97$3,430
Apr 2003160026.675.41$4,267
Mar 2003130031.146.10$4,048
Feb 200383033.487.93$2,779
Jan 2003194030.315.58$5,880
Dec 2002174026.914.85$4,682
Nov 2002131024.664.14$3,230
Oct 2002138026.464.23$3,651
Sep 2002144027.443.64$3,951
Aug 2002148025.963.16$3,842
Jul 200237024.583.06$909
Jun 200261023.733.34$1,448
May 2002158024.663.58$3,896
Apr 2002154023.653.51$3,642
Mar 2002169022.003.10$3,718
Feb 2002197018.222.38$3,589
Jan 2002338017.172.38$5,803
Dec 2001173016.932.36$2,929
Nov 2001168018.072.41$3,036
Oct 2001168019.782.53$3,323
Sep 200164024.262.25$1,553
Aug 2001111024.873.05$2,761
Jul 200195523.933.20$2,289
Jun 2001118024.563.82$2,898
May 2001102425.524.31$2,620
Apr 200198424.685.34$2,440
Mar 2001109424.545.38$2,696
Feb 200189327.755.77$2,487
Jan 200181327.478.40$2,250
Dec 200098426.889.12$2,671
Nov 2000117432.215.66$3,791
Oct 2000120531.235.15$3,773
Sep 2000112431.875.19$3,590
Aug 2000134629.644.54$3,999
Jul 2000136628.534.09$3,905
Jun 2000100329.304.40$2,943
May 2000123527.263.68$3,371
Apr 2000110324.513.12$2,705
Mar 2000189528.422.86$5,386
Feb 2000155527.622.73$4,295
Jan 2000173625.272.48$4,387
Dec 1999128624.282.42$3,122
Nov 1999142523.192.43$3,305
Oct 1999151520.982.80$3,182
Sep 1999140521.752.62$3,058
Aug 1999128419.262.88$2,477
Jul 1999159517.892.37$2,856
Jun 1999130415.942.36$2,082
May 19990015.792.32$0
Apr 1999123415.102.21$1,866
Mar 1999156412.471.84$1,953
Feb 199912649.981.82$1,265
Jan 1999155410.381.90$1,617
Dec 199817359.201.77$1,600
Nov 1998205610.892.19$2,246
Oct 1998131412.421.97$1,635
Sep 1998174512.592.08$2,201
Aug 1998148511.301.91$1,682
Jul 1998228611.742.24$2,690
Jun 1998186511.242.24$2,102
May 1998221712.622.21$2,804
Apr 1998310913.042.51$4,065
Mar 1998106512.802.31$1,368
Feb 1998391813.952.30$585
Jan 199857414.702.15$847
Dec 1997168916.322.41$2,763
Nov 19972401818.193.09$4,421
Oct 19972879019.253.15$5,808
Sep 19972089017.742.95$3,956
Aug 1997152817.862.55$2,735
Jul 1997180917.582.25$3,185
Jun 1997180917.242.26$3,124
May 1997171918.972.31$3,265
Apr 19972542117.882.08$4,585
Mar 19972341518.951.94$4,463
Feb 19972231420.492.21$4,600
Jan 19972481623.483.54$5,880
Dec 19962291523.32$5,340
Nov 19962611521.97$5,734
Oct 19962972223.31$6,923
Sep 19963662122.22$8,133
Aug 19963772220.26$7,638
Jul 19964002219.55$7,820
Jun 19963212418.73$6,012
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 1993148312.33$1,825
Nov 1993184314.49$2,666
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 2005 — as filed, then multipliedworked
Oil                   13 bbl  × $ 43.16 =       $561
Casinghead gas         0 Mcf  × $  6.32 =         $0

────────────────────────────────────────────────────
Month total                                     $561

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/5371 is the state's own key, not one this site invented.