SMIT, WM. S.

Name: SMIT, WM. S. lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by MARQUEE CORPORATION (P-5 526675) in the SMITH RANCH (HOCKLEY, UP.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 7212District 02Field 84327200OilCasinghead gasSave Export

Value, all time

$759 k

Jan 1993 – Apr 2006

Value, last 12 filed months

at the published price for each month

Months reported

160

no gaps in the span

Streams

oil, casinghead gas

The SMITH RANCH (HOCKLEY, UP.) 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 1 leases and 1 wells, and the rule below applies to all of them.

Discovered

1986-12-18

as the register files it

Field class

Oil

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

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
Oil	Disposition	37,015 bbl	$718,804
Casinghead gas	Production	19,770 Mcf	$40,317
Total			$759,121

7,432 Mcf of this lease's gas, across 48 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 28.3794, -97.9044. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.37943, -97.90440 · 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

4,712 ft

1 wells filed one

Completion to plug

17.8 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 4,712 ft.

Completions filed

Dec 1986

1 of 1 wells

Plug dates filed

Sep 2004

1 of 1 wells

Last completion to plug: a median of 17.8 years across the 1 well that filed both dates, with the middle half between 17.8 years and 17.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-02532372	1	4,712 ft	Dec 1986	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 (160)

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

160 months


Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
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	160	0	28.80	4.60	$4,608
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	168	0	29.41	5.17	$4,941
Jun 2003	0	0	28.56	5.98	$0
May 2003	163	0	26.59	5.97	$4,334
Apr 2003	161	0	26.67	5.41	$4,294
Mar 2003	343	80	31.14	6.10	$11,169
Feb 2003	0	77	33.48	7.93	$610
Jan 2003	166	96	30.31	5.58	$5,567
Dec 2002	312	102	26.91	4.85	$8,891
Nov 2002	169	101	24.66	4.14	$4,585
Oct 2002	161	103	26.46	4.23	$4,696
Sep 2002	328	99	27.44	3.64	$9,360
Aug 2002	160	99	25.96	3.16	$4,467
Jul 2002	163	80	24.58	3.06	$4,251
Jun 2002	325	164	23.73	3.34	$8,260
May 2002	323	178	24.66	3.58	$8,603
Apr 2002	169	180	23.65	3.51	$4,629
Mar 2002	317	186	22.00	3.10	$7,551
Feb 2002	338	172	18.22	2.38	$6,567
Jan 2002	165	182	17.17	2.38	$3,265
Dec 2001	330	197	16.93	2.36	$6,053
Nov 2001	334	189	18.07	2.41	$6,490
Oct 2001	328	205	19.78	2.53	$7,006
Sep 2001	333	199	24.26	2.25	$8,527
Aug 2001	162	204	24.87	3.05	$4,652
Jul 2001	325	201	23.93	3.20	$8,420
Jun 2001	331	190	24.56	3.82	$8,856
May 2001	323	197	25.52	4.31	$9,092
Apr 2001	165	192	24.68	5.34	$5,097
Mar 2001	328	195	24.54	5.38	$9,098
Feb 2001	334	171	27.75	5.77	$10,255
Jan 2001	342	194	27.47	8.40	$11,024
Dec 2000	319	190	26.88	9.12	$10,308
Nov 2000	341	191	32.21	5.66	$12,064
Oct 2000	339	186	31.23	5.15	$11,544
Sep 2000	164	184	31.87	5.19	$6,181
Aug 2000	334	193	29.64	4.54	$10,776
Jul 2000	331	192	28.53	4.09	$10,229
Jun 2000	337	190	29.30	4.40	$10,710
May 2000	343	196	27.26	3.68	$10,071
Apr 2000	340	195	24.51	3.12	$8,941
Mar 2000	336	196	28.42	2.86	$10,110
Feb 2000	349	182	27.62	2.73	$10,136
Jan 2000	329	193	25.27	2.48	$8,793
Dec 1999	171	190	24.28	2.42	$4,612
Nov 1999	334	182	23.19	2.43	$8,188
Oct 1999	331	183	20.98	2.80	$7,457
Sep 1999	337	182	21.75	2.62	$7,806
Aug 1999	328	190	19.26	2.88	$6,864
Jul 1999	341	192	17.89	2.37	$6,556
Jun 1999	168	104	15.94	2.36	$2,924
May 1999	339	171	15.79	2.32	$5,750
Apr 1999	164	167	15.10	2.21	$2,845
Mar 1999	326	172	12.47	1.84	$4,381
Feb 1999	323	153	9.98	1.82	$3,502
Jan 1999	159	174	10.38	1.90	$1,981
Dec 1998	317	173	9.20	1.77	$3,223
Nov 1998	324	166	10.89	2.19	$3,891
Oct 1998	319	167	12.42	1.97	$4,291
Sep 1998	317	159	12.59	2.08	$4,322
Aug 1998	163	168	11.30	1.91	$2,162
Jul 1998	332	142	11.74	2.24	$4,215
Jun 1998	175	156	11.24	2.24	$2,316
May 1998	352	160	12.62	2.21	$4,795
Apr 1998	173	152	13.04	2.51	$2,637
Mar 1998	328	161	12.80	2.31	$4,570
Feb 1998	174	149	13.95	2.30	$2,770
Jan 1998	349	161	14.70	2.15	$5,477
Dec 1997	171	157	16.32	2.41	$3,169
Nov 1997	350	161	18.19	3.09	$6,864
Oct 1997	350	160	19.25	3.15	$7,241
Sep 1997	174	155	17.74	2.95	$3,545
Aug 1997	340	154	17.86	2.55	$6,466
Jul 1997	165	137	17.58	2.25	$3,209
Jun 1997	353	163	17.24	2.26	$6,454
May 1997	175	154	18.97	2.31	$3,675
Apr 1997	520	151	17.88	2.08	$9,612
Mar 1997	0	157	18.95	1.94	$304
Feb 1997	175	140	20.49	2.21	$3,895
Jan 1997	352	154	23.48	3.54	$8,810
Dec 1996	351	158	23.32	—	$8,185
Nov 1996	176	151	21.97	—	$3,867
Oct 1996	348	163	23.31	—	$8,112
Sep 1996	345	154	22.22	—	$7,666
Aug 1996	155	165	20.26	—	$3,140
Jul 1996	177	163	19.55	—	$3,460
Jun 1996	354	160	18.73	—	$6,630
May 1996	348	165	19.43	—	$6,762
Apr 1996	177	163	21.51	—	$3,807
Mar 1996	345	165	19.38	—	$6,686
Feb 1996	350	155	16.98	—	$5,943
Jan 1996	161	170	17.07	—	$2,748
Dec 1995	330	175	17.19	—	$5,673
Nov 1995	348	169	16.00	—	$5,568
Oct 1995	174	178	15.43	—	$2,685
Sep 1995	508	176	16.18	—	$8,219
Aug 1995	168	173	15.92	—	$2,675
Jul 1995	324	152	15.24	—	$4,938
Jun 1995	322	173	16.41	—	$5,284
May 1995	163	188	17.56	—	$2,862
Apr 1995	307	176	17.73	—	$5,443
Mar 1995	470	186	16.44	—	$7,727
Feb 1995	166	168	16.58	—	$2,752
Jan 1995	615	186	15.92	—	$9,791
Dec 1994	160	186	15.03	—	$2,405
Nov 1994	330	180	15.90	—	$5,247
Oct 1994	166	178	15.58	—	$2,586
Sep 1994	318	181	15.29	—	$4,862
Aug 1994	332	186	16.13	—	$5,355
Jul 1994	328	10	17.56	—	$5,760
Jun 1994	332	10	17.09	—	$5,674
May 1994	336	10	15.88	—	$5,336
Apr 1994	345	10	14.14	—	$4,878
Mar 1994	341	10	12.46	—	$4,249
Feb 1994	303	142	12.50	—	$3,788
Jan 1994	468	160	12.66	—	$5,925
Dec 1993	345	191	12.33	—	$4,254
Nov 1993	362	154	14.49	—	$5,245
Oct 1993	340	174	15.85	—	$5,389
Sep 1993	475	174	15.03	—	$7,139
Aug 1993	353	182	15.66	—	$5,528
Jul 1993	427	190	15.46	—	$6,601
Jun 1993	532	160	16.79	—	$8,932
May 1993	177	171	17.68	—	$3,129
Apr 1993	498	177	18.05	—	$8,989
Mar 1993	358	192	18.14	—	$6,494
Feb 1993	496	180	17.90	—	$8,878
Jan 1993	354	192	16.93	—	$5,993

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.

Nov 2003 — as filed, then multipliedworked

Oil                  160 bbl  × $ 28.80 =     $4,608
Casinghead gas         0 Mcf  × $  4.60 =         $0

────────────────────────────────────────────────────
Month total                                   $4,608

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/7212 is the state's own key, not one this site invented.