CARTER, E.B. ESTATE, ET AL

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

Oil lease lease 5600District 02Field 87587700OilCasinghead gasSaveExport
Value, all time
$1.4 M
Jan 1993 – Apr 2018
Value, last 12 filed months
$6 k
at the published price for each month
Months reported
304
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 6 leases and 7 wells, and the rule below applies to all of them.

Discovered
1978-07-20
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,320 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres.

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
OilDisposition38,999 bbl$1,446,781
Casinghead gasProduction21 Mcf$0
Total$1,446,781

21 Mcf of this lease's gas, across 21 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 29.2920, -97.0429. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

29.29201, -97.04286 · 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
100.0%
2 of 2 wells
Median depth
9,801 ft
2 wells filed one
Completion to plug
19.9 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
2100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
2100.0%
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 6,700 and 12,902 ft, median 9,801 ft, over the 2 wells that filed a depth.

Completions filed
Jul 1978 – Aug 1986
2 of 2 wells
Plug dates filed
Nov 1986 – Jan 2018
2 of 2 wells

Last completion to plug: a median of 19.9 years across the 2 wells that filed both dates, with the middle half between 10.1 years and 29.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-2853190526,700 ftAug 1986Nov 1986Yes
42-28531277112,902 ftJul 1978Jan 2018Yes

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 (304)

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

304 months

Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 2017140045.373.26$6,352
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 2016181048.763.72$8,826
Nov 20160042.492.64$0
Oct 2016186046.193.09$8,591
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 2016177041.622.92$7,367
Jun 20160045.352.69$0
May 2016186042.521.99$7,909
Apr 20160036.561.99$0
Mar 2016189033.011.79$6,239
Feb 20160026.472.06$0
Jan 2016188027.352.36$5,142
Dec 20150032.362.00$0
Nov 2015308038.792.17$11,947
Oct 20150043.552.43$0
Sep 2015165042.992.76$7,093
Aug 2015174040.162.87$6,988
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 2015352049.822.71$17,537
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 2015186043.433.10$8,078
Dec 2014185054.693.59$10,118
Nov 20140070.464.25$0
Oct 2014190078.303.90$14,877
Sep 20140086.164.05$0
Aug 2014167089.394.04$14,928
Jul 2014171096.564.18$16,512
Jun 20140098.164.74$0
May 2014183094.734.73$17,336
Apr 20140095.944.81$0
Mar 2014185095.895.06$17,740
Feb 20140097.406.19$0
Jan 2014349090.404.86$31,550
Dec 2013191091.824.35$17,538
Nov 20130088.853.74$0
Oct 2013191097.423.78$18,607
Sep 201300104.113.72$0
Aug 20131800104.253.52$18,765
Jul 201300102.523.72$0
Jun 2013371094.403.93$35,022
May 20134094.834.15$379
Apr 20133093.964.28$282
Mar 2013178093.623.91$16,664
Feb 2013182091.233.42$16,604
Jan 2013184091.603.42$16,854
Dec 2012191086.773.42$16,573
Nov 20120086.953.62$0
Oct 20121089.383.40$89
Sep 2012191094.672.92$18,082
Aug 20120092.662.91$0
Jul 2012189085.133.02$16,090
Jun 20121079.822.52$80
May 2012363091.612.49$33,254
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20113096.873.24$291
Nov 2011184095.723.31$17,612
Oct 20114084.983.65$340
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20113094.144.52$282
Jun 2011185092.904.64$17,187
May 20114098.134.40$393
Apr 20111900105.964.33$20,132
Mar 20110096.364.06$0
Feb 20114085.644.18$343
Jan 20116086.504.59$519
Dec 20100085.734.35$0
Nov 2010190080.843.80$15,360
Oct 20100078.103.51$0
Sep 2010192072.633.98$13,945
Aug 20101073.684.42$74
Jul 2010193072.554.74$14,002
Jun 20100070.364.91$0
May 2010191071.124.24$13,584
Apr 20100081.694.12$0
Mar 2010178078.394.39$13,953
Feb 2010185073.585.44$13,612
Jan 20100074.365.96$0
Dec 2009177071.445.48$12,645
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 2009194061.133.46$11,859
Jun 20090066.163.90$0
May 2009196054.743.93$10,729
Apr 20090046.773.59$0
Mar 2009195042.144.06$8,217
Feb 20090032.814.63$0
Jan 2009190035.865.37$6,813
Dec 2008175037.105.98$6,493
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 20081930101.767.88$19,640
Aug 20081940114.228.48$22,159
Jul 200800131.0811.39$0
Jun 20081790131.3313.03$23,508
May 200800123.1711.57$0
Apr 20081940110.3110.45$21,400
Mar 20081790101.909.66$18,240
Feb 2008187092.538.77$17,303
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 2007196091.677.29$17,967
Oct 20070082.856.92$0
Sep 2007183075.846.24$13,879
Aug 20070069.066.39$0
Jul 2007175070.906.39$12,408
Jun 20070062.007.55$0
May 2007190058.747.85$11,161
Apr 2007188059.617.81$11,207
Mar 2007172056.927.30$9,790
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 2006190056.656.92$10,764
Nov 20060054.207.62$0
Oct 2006186054.906.01$10,211
Sep 2006190060.085.04$11,415
Aug 2006188068.717.34$12,917
Jul 20061069.376.34$69
Jun 20063066.286.38$199
May 2006195066.016.42$12,872
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 2006151057.597.75$8,696
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 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20042043.245.28$86
Aug 2004353042.375.55$14,957
Jul 20040038.286.08$0
Jun 2004175036.106.43$6,318
May 2004179037.486.49$6,709
Apr 2004185034.475.86$6,377
Mar 2004184034.365.53$6,322
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 2003179026.595.97$4,760
Apr 20030026.675.41$0
Mar 2003374031.146.10$11,646
Feb 2003184033.487.93$6,160
Jan 2003180030.315.58$5,456
Dec 2002178026.914.85$4,790
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 2002181027.443.64$4,967
Aug 2002186025.963.16$4,829
Jul 2002179024.583.06$4,400
Jun 2002189023.733.34$4,485
May 2002177024.663.58$4,365
Apr 2002180023.653.51$4,257
Mar 20025022.003.10$110
Feb 2002186018.222.38$3,389
Jan 2002193017.172.38$3,314
Dec 2001184016.932.36$3,115
Nov 2001367018.072.41$6,632
Oct 20014019.782.53$79
Sep 2001180024.262.25$4,367
Aug 2001184024.873.05$4,576
Jul 2001185023.933.20$4,427
Jun 2001175024.563.82$4,298
May 2001182025.524.31$4,645
Apr 2001352024.685.34$8,687
Mar 2001177024.545.38$4,344
Feb 2001175027.755.77$4,856
Jan 20010027.478.40$0
Dec 2000376026.889.12$10,107
Nov 2000180032.215.66$5,798
Oct 2000189031.235.15$5,902
Sep 2000180031.875.19$5,737
Aug 2000346029.644.54$10,255
Jul 2000173028.534.09$4,936
Jun 2000186029.304.40$5,450
May 20000027.263.68$0
Apr 2000350024.513.12$8,579
Mar 20001028.422.86$28
Feb 2000353027.622.73$9,750
Jan 2000346025.272.48$8,743
Dec 19994024.282.42$97
Nov 1999354023.192.43$8,209
Oct 1999357020.982.80$7,490
Sep 19993021.752.62$65
Aug 1999172019.262.88$3,313
Jul 1999183017.892.37$3,274
Jun 1999347015.942.36$5,531
May 1999186015.792.32$2,937
Apr 1999182015.102.21$2,748
Mar 1999184012.471.84$2,294
Feb 199933409.981.82$3,333
Jan 1999199010.381.90$2,066
Dec 1998009.201.77$0
Nov 19986010.892.19$65
Oct 1998355012.421.97$4,409
Sep 1998349012.592.08$4,394
Aug 19980011.301.91$0
Jul 1998354011.742.24$4,156
Jun 19980011.242.24$0
May 1998334012.622.21$4,215
Apr 1998339013.042.51$4,421
Mar 1998361012.802.31$4,621
Feb 19982013.952.30$28
Jan 19980014.702.15$0
Dec 1997362016.322.41$5,908
Nov 1997358018.193.09$6,512
Oct 1997350019.253.15$6,738
Sep 19970017.742.95$0
Aug 1997184017.862.55$3,286
Jul 19970017.582.25$0
Jun 1997356017.242.26$6,137
May 1997353018.972.31$6,696
Apr 19974017.882.08$72
Mar 1997344018.951.94$6,519
Feb 1997347020.492.21$7,110
Jan 19971023.483.54$23
Dec 1996174023.32$4,058
Nov 1996180021.97$3,955
Oct 1996358023.31$8,345
Sep 19961022.22$22
Aug 1996357020.26$7,233
Jul 1996340019.55$6,647
Jun 19960018.73$0
May 19962019.43$39
Apr 1996529021.51$11,379
Mar 19960019.38$0
Feb 19961016.98$17
Jan 1996363017.07$6,196
Dec 1995359017.19$6,171
Nov 19950016.00$0
Oct 1995360015.43$5,555
Sep 1995357016.18$5,776
Aug 19953015.92$48
Jul 1995355015.24$5,410
Jun 19952016.41$33
May 1995359017.56$6,304
Apr 1995350017.73$6,206
Mar 19950016.44$0
Feb 1995362016.58$6,002
Jan 1995369015.92$5,874
Dec 1994357015.03$5,366
Nov 19942015.90$32
Oct 1994361015.58$5,624
Sep 19944115.29$61
Aug 1994337116.13$5,436
Jul 1994181117.56$3,178
Jun 1994363117.09$6,204
May 1994365115.88$5,796
Apr 1994181114.14$2,559
Mar 19941112.46$12
Feb 1994327112.50$4,088
Jan 1994366112.66$4,634
Dec 1993355112.33$4,377
Nov 19931114.49$14
Oct 19930115.85$0
Sep 1993368115.03$5,531
Aug 1993184115.66$2,881
Jul 1993366115.46$5,658
Jun 1993186116.79$3,123
May 1993367117.68$6,489
Apr 1993186118.05$3,357
Mar 1993187118.14$3,392
Feb 1993371117.90$6,641
Jan 1993188116.93$3,183

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.

May 2017 — as filed, then multipliedworked
Oil                  140 bbl  × $ 45.37 =     $6,352
Casinghead gas         0 Mcf  × $  3.26 =         $0

────────────────────────────────────────────────────
Month total                                   $6,352

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/5600 is the state's own key, not one this site invented.