WALTON UNIT

Operated by PRINGLE RESOURCES, INC. (P-5 678759) in the HOUSTON, NORTH (FAIRBANKS 6800) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 118451District 03Field 42905222CondensateGasSaveExport
Value, all time
$9 k
Jan 1993 – Jul 2003
Value, last 12 filed months
$133
at the published price for each month
Months reported
127
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 15 leases and 15 wells, and the rule below applies to all of them.

Discovered
1939-08-23
as the register files it
Field class
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: AOF TO ONE WELL EFF 10-1-93

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
CondensateDisposition5 bbl$133
GasProduction11,811 Mcf$8,570
Total$8,703

8,403 Mcf of this lease's gas, across 28 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 29.9115, -95.4723. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.91146, -95.47228 · 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
8,066 ft
1 wells filed one
Completion to plug
11.2 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 8,066 ft.

Completions filed
Feb 1992
1 of 1 wells
Plug dates filed
Apr 2003
1 of 1 wells

Last completion to plug: a median of 11.2 years across the 1 well that filed both dates, with the middle half between 11.2 years and 11.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-2013180718,066 ftFeb 1992Apr 2003Yes

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 (127)

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

127 months

Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20035026.595.97$133
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 20010124.563.82$4
May 20010125.524.31$4
Apr 20010124.685.34$5
Mar 20010124.545.38$5
Feb 20010127.755.77$6
Jan 20010127.478.40$8
Dec 20000126.889.12$9
Nov 20000132.215.66$6
Oct 20000131.235.15$5
Sep 20000131.875.19$5
Aug 20000129.644.54$5
Jul 20000128.534.09$4
Jun 20000129.304.40$4
May 20000127.263.68$4
Apr 20000124.513.12$3
Mar 20000128.422.86$3
Feb 20000127.622.73$3
Jan 20000025.272.48$0
Dec 19990724.282.42$17
Nov 19990523.192.43$12
Oct 19990020.982.80$0
Sep 199901021.752.62$26
Aug 199904319.262.88$124
Jul 199902017.892.37$47
Jun 199907015.942.36$165
May 199907515.792.32$174
Apr 19990615.102.21$13
Mar 199906212.471.84$114
Feb 1999079.981.82$13
Jan 19990010.381.90$0
Dec 1998059.201.77$9
Nov 19980010.892.19$0
Oct 19980212.421.97$4
Sep 19980212.592.08$4
Aug 19980311.301.91$6
Jul 19980211.742.24$4
Jun 199807111.242.24$159
May 1998020412.622.21$450
Apr 1998015213.042.51$381
Mar 199805912.802.31$136
Feb 1998010013.952.30$230
Jan 1998015514.702.15$334
Dec 1997016916.322.41$407
Nov 1997014318.193.09$442
Oct 1997016119.253.15$507
Sep 1997016117.742.95$476
Aug 1997015417.862.55$393
Jul 1997016717.582.25$375
Jun 1997016717.242.26$377
May 1997015518.972.31$358
Apr 1997022817.882.08$475
Mar 1997018718.951.94$363
Feb 1997027820.492.21$613
Jan 1997036123.483.54$1,278
Dec 1996035223.32$0
Nov 1996031921.97$0
Oct 1996034923.31$0
Sep 1996035622.22$0
Aug 1996028120.26$0
Jul 1996038119.55$0
Jun 1996039418.73$0
May 1996039419.43$0
Apr 1996042821.51$0
Mar 1996034219.38$0
Feb 1996033316.98$0
Jan 1996042817.07$0
Dec 1995043517.19$0
Nov 1995041516.00$0
Oct 1995045715.43$0
Sep 1995045816.18$0
Aug 1995046015.92$0
Jul 1995061515.24$0
Jun 1995038416.41$0
May 1995040017.56$0
Apr 1995017817.73$0
Mar 1995012616.44$0
Feb 199505916.58$0
Jan 199503315.92$0
Dec 199401015.03$0
Nov 19940515.90$0
Oct 19940515.58$0
Sep 19940015.29$0
Aug 19940616.13$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 19930012.33$0
Nov 19930014.49$0
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.

May 2003 — as filed, then multipliedworked
Condensate             5 bbl  × $ 26.59 =       $133
Gas                    0 Mcf  × $  5.97 =         $0

────────────────────────────────────────────────────
Month total                                     $133

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/118451 is the state's own key, not one this site invented.