SIEVERS

Operated by INLAND OCEAN, INC. (P-5 424607) in the HOLLY, EAST (MASSIVE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 7338District 02Field 42262600NGPA filingOilCasinghead gasSaveExport
Value, all time
$1.5 M
Jan 1993 – May 2009
Value, last 12 filed months
$0
at the published price for each month
Months reported
197
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 13 leases and 16 wells, and the rule below applies to all of them.

Discovered
1961-08-18
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
OilDisposition61,927 bbl$1,498,349
Casinghead gasProduction18 Mcf$0
Total$1,498,349

18 Mcf of this lease's gas, across 18 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 28.9585, -97.3617. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.95850, -97.36168 · 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%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
7,812 ft
1 wells filed one
Completion to plug
21.0 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 7,812 ft.

Completions filed
Dec 1987
1 of 1 wells
Plug dates filed
Dec 2008
1 of 1 wells

Last completion to plug: a median of 21.0 years across the 1 well that filed both dates, with the middle half between 21.0 years and 21.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-123315541 T7,812 ftDec 1987Dec 2008Yes

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 (197)

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

197 months

May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 2007144091.677.29$13,200
Oct 2007179082.856.92$14,830
Sep 20070075.846.24$0
Aug 2007180069.066.39$12,431
Jul 2007176070.906.39$12,478
Jun 2007163062.007.55$10,106
May 2007311058.747.85$18,268
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20071055.108.22$55
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 2006172054.207.62$9,322
Oct 2006173054.906.01$9,498
Sep 2006193060.085.04$11,595
Aug 2006219068.717.34$15,047
Jul 2006360069.376.34$24,973
Jun 2006178066.286.38$11,798
May 2006234066.016.42$15,446
Apr 2006391064.397.36$25,176
Mar 2006281056.707.08$15,933
Feb 2006365057.597.75$21,020
Jan 2006276060.598.93$16,723
Dec 20050054.9413.42$0
Nov 2005341054.6910.59$18,649
Oct 2005170058.3413.80$9,918
Sep 200514061.4512.08$860
Aug 2005256061.519.80$15,747
Jul 200594055.697.84$5,235
Jun 2005246052.337.38$12,873
May 2005225045.226.65$10,175
Apr 2005274049.207.36$13,481
Mar 2005439050.377.15$22,112
Feb 20051045.226.31$45
Jan 2005181043.166.32$7,812
Dec 2004180039.866.75$7,175
Nov 2004292045.286.33$13,222
Oct 2004178049.706.52$8,847
Sep 2004181043.245.28$7,826
Aug 2004176042.375.55$7,457
Jul 2004181038.286.08$6,929
Jun 2004166036.106.43$5,993
May 2004348037.486.49$13,043
Apr 2004177034.475.86$6,101
Mar 2004180034.365.53$6,185
Feb 2004168032.455.51$5,452
Jan 2004167032.036.30$5,349
Dec 2003340030.266.30$10,288
Nov 20030028.804.60$0
Oct 2003349028.174.76$9,831
Sep 2003282026.314.75$7,419
Aug 20030029.765.13$0
Jul 2003354029.415.17$10,411
Jun 2003176028.565.98$5,027
May 2003179026.595.97$4,760
Apr 2003341026.675.41$9,094
Mar 2003333031.146.10$10,370
Feb 20030033.487.93$0
Jan 2003360030.315.58$10,912
Dec 2002356026.914.85$9,580
Nov 2002182024.664.14$4,488
Oct 2002363026.464.23$9,605
Sep 2002181027.443.64$4,967
Aug 2002358025.963.16$9,294
Jul 2002359024.583.06$8,824
Jun 2002177023.733.34$4,200
May 2002342024.663.58$8,434
Apr 2002354023.653.51$8,372
Mar 2002356022.003.10$7,832
Feb 2002177018.222.38$3,225
Jan 2002355017.172.38$6,095
Dec 2001530016.932.36$8,973
Nov 2001170018.072.41$3,072
Oct 2001356019.782.53$7,042
Sep 2001354024.262.25$8,588
Aug 2001171024.873.05$4,253
Jul 2001354023.933.20$8,471
Jun 2001349024.563.82$8,571
May 2001356025.524.31$9,085
Apr 2001175024.685.34$4,319
Mar 2001357024.545.38$8,761
Feb 2001352027.755.77$9,768
Jan 2001358027.478.40$9,834
Dec 2000182026.889.12$4,892
Nov 2000352032.215.66$11,338
Oct 2000351031.235.15$10,962
Sep 2000208031.875.19$6,629
Aug 2000354029.644.54$10,493
Jul 2000179028.534.09$5,107
Jun 2000350029.304.40$10,255
May 2000338027.263.68$9,214
Apr 2000349024.513.12$8,554
Mar 2000353028.422.86$10,032
Feb 2000181027.622.73$4,999
Jan 2000527025.272.48$13,317
Dec 1999350024.282.42$8,498
Nov 1999351023.192.43$8,140
Oct 1999355020.982.80$7,448
Sep 1999350021.752.62$7,613
Aug 1999357019.262.88$6,876
Jul 1999528017.892.37$9,446
Jun 1999359015.942.36$5,722
May 1999358015.792.32$5,653
Apr 1999353015.102.21$5,330
Mar 1999362012.471.84$4,514
Feb 199935109.981.82$3,503
Jan 1999538010.381.90$5,584
Dec 199836009.201.77$3,312
Nov 1998180010.892.19$1,960
Oct 1998359012.421.97$4,459
Sep 1998343012.592.08$4,318
Aug 1998348011.301.91$3,932
Jul 1998350011.742.24$4,109
Jun 1998353011.242.24$3,968
May 1998322012.622.21$4,064
Apr 1998352013.042.51$4,590
Mar 1998175012.802.31$2,240
Feb 1998346013.952.30$4,827
Jan 1998353014.702.15$5,189
Dec 1997344016.322.41$5,614
Nov 1997360018.193.09$6,548
Oct 1997358019.253.15$6,892
Sep 1997354017.742.95$6,280
Aug 1997536017.862.55$9,573
Jul 1997357017.582.25$6,276
Jun 1997358017.242.26$6,172
May 1997359018.972.31$6,810
Apr 1997714017.882.08$12,766
Mar 1997837018.951.94$15,861
Feb 1997716020.492.21$14,671
Jan 1997331023.483.54$7,772
Dec 1996362023.32$8,442
Nov 1996327021.97$7,184
Oct 1996539023.31$12,564
Sep 1996713022.22$15,843
Aug 1996706020.26$14,304
Jul 1996535019.55$10,459
Jun 1996693018.73$12,980
May 1996719019.43$13,970
Apr 1996674021.51$14,498
Mar 1996874019.38$16,938
Feb 1996719016.98$12,209
Jan 1996896017.07$15,295
Dec 1995725017.19$12,463
Nov 1995901016.00$14,416
Oct 19951,071015.43$16,526
Sep 1995895016.18$14,481
Aug 1995540015.92$8,597
Jul 1995356015.24$5,425
Jun 1995537016.41$8,812
May 1995703017.56$12,345
Apr 1995358017.73$6,347
Mar 1995545016.44$8,960
Feb 1995362016.58$6,002
Jan 1995688015.92$10,953
Dec 1994534015.03$8,026
Nov 1994537015.90$8,538
Oct 1994529015.58$8,242
Sep 1994722115.29$11,039
Aug 1994893116.13$14,404
Jul 1994876117.56$15,383
Jun 19941,053117.09$17,996
May 19941115.88$16
Apr 19940014.14$0
Mar 19940012.46$0
Feb 19940012.50$0
Jan 1994180112.66$2,279
Dec 1993510112.33$6,288
Nov 1993182114.49$2,637
Oct 1993527115.85$8,353
Sep 1993362115.03$5,441
Aug 1993361115.66$5,653
Jul 1993356115.46$5,504
Jun 1993348116.79$5,843
May 1993532117.68$9,406
Apr 1993331118.05$5,975
Mar 1993350118.14$6,349
Feb 1993365117.90$6,534
Jan 1993352116.93$5,959

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 2007 — as filed, then multipliedworked
Oil                  144 bbl  × $ 91.67 =    $13,200
Casinghead gas         0 Mcf  × $  7.29 =         $0

────────────────────────────────────────────────────
Month total                                  $13,200

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/7338 is the state's own key, not one this site invented.