GARRETT, ESTATE

Operated by SETEX OIL AND GAS COMPANY (P-5 767793) in the MADISONVILLE, S. (DEXTER 9220) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 110968District 03Field 56595650NGPA filingCondensateGasSaveExport
Value, all time
$183 k
Jan 1993 – Jul 2004
Value, last 12 filed months
$7 k
at the published price for each month
Months reported
139
no gaps in the span
Streams
2
condensate, 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 14 leases and 14 wells, and the rule below applies to all of them.

Discovered
1984-03-21
as the register files it
Field class
Oil and gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: ALLOCATION FORMULA SUSPENDED PER OPERATOR REQUEST, EFF 4-1-94

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
CondensateDisposition8,487 bbl$147,165
GasProduction47,177 Mcf$35,479
Total$182,644

33,696 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 30.8382, -95.9912. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.83816, -95.99124 · 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
9,725 ft
1 wells filed one
Completion to plug
20.3 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 9,725 ft.

Completions filed
Mar 1984
1 of 1 wells
Plug dates filed
Jul 2004
1 of 1 wells

Last completion to plug: a median of 20.3 years across the 1 well that filed both dates, with the middle half between 20.3 years and 20.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-1853034819,725 ftMar 1984Jul 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 (139)

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

139 months

Jul 20041615838.286.08$6,516
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 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 200102924.563.82$111
May 200104625.524.31$198
Apr 200104324.685.34$229
Mar 200102824.545.38$151
Feb 200103827.755.77$219
Jan 200101727.478.40$143
Dec 200003026.889.12$274
Nov 200002832.215.66$158
Oct 200004431.235.15$226
Sep 200003631.875.19$187
Aug 200002229.644.54$100
Jul 200001228.534.09$49
Jun 200001229.304.40$53
May 200003127.263.68$114
Apr 200003824.513.12$118
Mar 200004428.422.86$126
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 199829497111.301.91$5,174
Jul 1998061811.742.24$1,383
Jun 19981791,04811.242.24$4,357
May 199817577312.622.21$3,914
Apr 199818576313.042.51$4,324
Mar 199827250212.802.31$4,641
Feb 1998019513.952.30$448
Jan 1998087014.702.15$1,875
Dec 199701,06816.322.41$2,575
Nov 199717699518.193.09$6,274
Oct 199717399919.253.15$6,477
Sep 199733693717.742.95$8,729
Aug 1997076717.862.55$1,959
Jul 1997012017.582.25$270
Jun 199734535417.242.26$6,747
May 1997133518.972.31$792
Apr 19970017.882.08$0
Mar 1997294018.951.94$5,571
Feb 1997080420.492.21$1,774
Jan 1997080623.483.54$2,853
Dec 199633972323.32$7,905
Nov 1996087021.97$0
Oct 199635092023.31$8,159
Sep 1996072622.22$0
Aug 1996077320.26$0
Jul 199632681119.55$6,373
Jun 1996059318.73$0
May 19963509719.43$6,801
Apr 199618053721.51$3,872
Mar 1996071119.38$0
Feb 199619567616.98$3,311
Jan 199617465817.07$2,970
Dec 199518951117.19$3,249
Nov 199517770316.00$2,832
Oct 1995079715.43$0
Sep 19951901,17416.18$3,074
Aug 19951921,25315.92$3,057
Jul 199519574415.24$2,972
Jun 199517780616.41$2,905
May 199518983917.56$3,319
Apr 1995066317.73$0
Mar 199518268116.44$2,992
Feb 1995042316.58$0
Jan 1995024615.92$0
Dec 1994028415.03$0
Nov 199427228615.90$4,325
Oct 1994013415.58$0
Sep 1994043815.29$0
Aug 19942351,28616.13$3,791
Jul 199422579517.56$3,951
Jun 199416085817.09$2,734
May 1994065715.88$0
Apr 199417844414.14$2,517
Mar 1994039612.46$0
Feb 19942021312.50$2,525
Jan 199401,59712.66$0
Dec 1993047912.33$0
Nov 199317583114.49$2,536
Oct 199317191015.85$2,710
Sep 1993088315.03$0
Aug 199317693615.66$2,756
Jul 19931661,09615.46$2,566
Jun 1993085516.79$0
May 199317862817.68$3,147
Apr 1993071818.05$0
Mar 199317475118.14$3,156
Feb 1993075117.90$0
Jan 199317973516.93$3,030

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.

Jul 2004 — as filed, then multipliedworked
Condensate           161 bbl  × $ 38.28 =     $6,163
Gas                   58 Mcf  × $  6.08 =       $353

────────────────────────────────────────────────────
Month total                                   $6,516

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. 03/G/110968 is the state's own key, not one this site invented.