GULF LAND & INVESTMENT CO.

Name: GULF LAND & INVESTMENT CO. 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 GOOSE CREEK (YEGUA 3-A) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 125339District 03Field 35862810CondensateGasSave

Value, all time

$2.5 M

Jan 1993 – Apr 2006

Value, last 12 filed months

$315 k

at the published price for each month

Months reported

160

no gaps in the span

Streams

condensate, gas

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
Condensate	Disposition	14,387 bbl	$308,631
Gas	Production	1,007,175 Mcf	$2,177,596
Total			$2,486,227

490,622 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 29.8376, -94.9590. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.83759, -94.95903 · 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

13,696 ft

1 wells filed one

Completion to plug

11.9 years

median over 1 wells

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 13,696 ft.

Completions filed

Jan 2006

1 of 1 wells

Plug dates filed

Dec 2017

1 of 1 wells

Last completion to plug: a median of 11.9 years across the 1 well that filed both dates, with the middle half between 11.9 years and 11.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-20131989	1	13,696 ft	Jan 2006	Dec 2017	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	113	0	57.59	7.75	$6,508
Jan 2006	0	875	60.59	8.93	$7,817
Dec 2005	0	4	54.94	13.42	$54
Nov 2005	169	2,148	54.69	10.59	$31,986
Oct 2005	0	4,628	58.34	13.80	$63,847
Sep 2005	0	4,395	61.45	12.08	$53,087
Aug 2005	172	4,242	61.51	9.80	$52,138
Jul 2005	0	4,115	55.69	7.84	$32,277
Jun 2005	0	4,224	52.33	7.38	$31,178
May 2005	168	4,311	45.22	6.65	$36,270
Apr 2005	0	4,478	49.20	7.36	$32,960
Mar 2005	150	5,249	50.37	7.15	$45,111
Feb 2005	0	5,162	45.22	6.31	$32,582
Jan 2005	164	4,569	43.16	6.32	$35,964
Dec 2004	0	3,737	39.86	6.75	$25,229
Nov 2004	0	4,291	45.28	6.33	$27,164
Oct 2004	0	3,930	49.70	6.52	$25,604
Sep 2004	146	4,212	43.24	5.28	$28,569
Aug 2004	0	4,449	42.37	5.55	$24,695
Jul 2004	163	4,433	38.28	6.08	$33,211
Jun 2004	0	4,076	36.10	6.43	$26,221
May 2004	0	4,442	37.48	6.49	$28,849
Apr 2004	166	4,128	34.47	5.86	$29,906
Mar 2004	0	4,580	34.36	5.53	$25,328
Feb 2004	0	4,295	32.45	5.51	$23,664
Jan 2004	0	4,534	32.03	6.30	$28,563
Dec 2003	171	4,557	30.26	6.30	$33,891
Nov 2003	0	4,288	28.80	4.60	$19,704
Oct 2003	177	4,413	28.17	4.76	$25,990
Sep 2003	0	3,850	26.31	4.75	$18,285
Aug 2003	0	4,001	29.76	5.13	$20,524
Jul 2003	177	4,437	29.41	5.17	$28,149
Jun 2003	0	4,856	28.56	5.98	$29,053
May 2003	0	4,477	26.59	5.97	$26,740
Apr 2003	180	4,867	26.67	5.41	$31,118
Mar 2003	0	5,134	31.14	6.10	$31,297
Feb 2003	181	4,274	33.48	7.93	$39,935
Jan 2003	0	4,445	30.31	5.58	$24,812
Dec 2002	0	4,841	26.91	4.85	$23,497
Nov 2002	173	4,635	24.66	4.14	$23,441
Oct 2002	0	4,770	26.46	4.23	$20,173
Sep 2002	170	4,912	27.44	3.64	$22,521
Aug 2002	0	4,802	25.96	3.16	$15,194
Jul 2002	0	4,848	24.58	3.06	$14,843
Jun 2002	156	4,964	23.73	3.34	$20,273
May 2002	0	5,282	24.66	3.58	$18,931
Apr 2002	0	5,022	23.65	3.51	$17,639
Mar 2002	162	4,723	22.00	3.10	$18,218
Feb 2002	0	4,222	18.22	2.38	$10,030
Jan 2002	161	4,765	17.17	2.38	$14,084
Dec 2001	0	5,071	16.93	2.36	$11,990
Nov 2001	172	4,845	18.07	2.41	$14,763
Oct 2001	0	5,611	19.78	2.53	$14,190
Sep 2001	169	5,116	24.26	2.25	$15,618
Aug 2001	0	5,611	24.87	3.05	$17,131
Jul 2001	0	5,195	23.93	3.20	$16,609
Jun 2001	0	5,192	24.56	3.82	$19,855
May 2001	151	5,794	25.52	4.31	$28,810
Apr 2001	145	5,934	24.68	5.34	$35,238
Mar 2001	0	6,639	24.54	5.38	$35,694
Feb 2001	181	4,547	27.75	5.77	$31,246
Jan 2001	175	5,438	27.47	8.40	$50,480
Dec 2000	0	5,948	26.88	9.12	$54,261
Nov 2000	0	4,859	32.21	5.66	$27,492
Oct 2000	0	3,824	31.23	5.15	$19,676
Sep 2000	0	4,356	31.87	5.19	$22,592
Aug 2000	0	5,250	29.64	4.54	$23,839
Jul 2000	0	4,666	28.53	4.09	$19,083
Jun 2000	0	3,976	29.30	4.40	$17,483
May 2000	170	4,342	27.26	3.68	$20,612
Apr 2000	0	4,977	24.51	3.12	$15,508
Mar 2000	0	4,882	28.42	2.86	$13,961
Feb 2000	172	5,171	27.62	2.73	$18,849
Jan 2000	0	5,404	25.27	2.48	$13,405
Dec 1999	160	4,518	24.28	2.42	$14,835
Nov 1999	0	4,465	23.19	2.43	$10,868
Oct 1999	180	5,025	20.98	2.80	$17,865
Sep 1999	0	4,542	21.75	2.62	$11,895
Aug 1999	0	4,871	19.26	2.88	$14,007
Jul 1999	179	5,398	17.89	2.37	$16,008
Jun 1999	157	5,690	15.94	2.36	$15,943
May 1999	0	5,193	15.79	2.32	$12,053
Apr 1999	0	5,376	15.10	2.21	$11,870
Mar 1999	180	5,125	12.47	1.84	$11,666
Feb 1999	0	4,799	9.98	1.82	$8,724
Jan 1999	171	5,389	10.38	1.90	$12,014
Dec 1998	0	4,290	9.20	1.77	$7,608
Nov 1998	169	3,451	10.89	2.19	$9,383
Oct 1998	0	4,705	12.42	1.97	$9,265
Sep 1998	171	5,047	12.59	2.08	$12,664
Aug 1998	0	5,478	11.30	1.91	$10,448
Jul 1998	0	5,403	11.74	2.24	$12,088
Jun 1998	172	5,487	11.24	2.24	$14,209
May 1998	0	5,928	12.62	2.21	$13,079
Apr 1998	179	5,817	13.04	2.51	$16,908
Mar 1998	0	5,755	12.80	2.31	$13,291
Feb 1998	182	4,956	13.95	2.30	$13,933
Jan 1998	0	5,647	14.70	2.15	$12,168
Dec 1997	171	5,718	16.32	2.41	$16,577
Nov 1997	0	4,721	18.19	3.09	$14,580
Oct 1997	0	4,787	19.25	3.15	$15,078
Sep 1997	0	5,341	17.74	2.95	$15,782
Aug 1997	178	3,072	17.86	2.55	$11,027
Jul 1997	0	3,353	17.58	2.25	$7,534
Jun 1997	177	5,969	17.24	2.26	$16,525
May 1997	0	6,447	18.97	2.31	$14,883
Apr 1997	182	6,167	17.88	2.08	$16,099
Mar 1997	0	5,900	18.95	1.94	$11,441
Feb 1997	177	4,796	20.49	2.21	$14,206
Jan 1997	0	4,387	23.48	3.54	$15,529
Dec 1996	135	6,917	23.32	—	$3,148
Nov 1996	125	6,592	21.97	—	$2,746
Oct 1996	0	7,038	23.31	—	$0
Sep 1996	160	6,431	22.22	—	$3,555
Aug 1996	171	8,315	20.26	—	$3,464
Jul 1996	0	8,296	19.55	—	$0
Jun 1996	157	7,643	18.73	—	$2,941
May 1996	157	9,681	19.43	—	$3,051
Apr 1996	0	7,643	21.51	—	$0
Mar 1996	163	6,943	19.38	—	$3,159
Feb 1996	147	8,214	16.98	—	$2,496
Jan 1996	147	8,216	17.07	—	$2,509
Dec 1995	0	7,284	17.19	—	$0
Nov 1995	158	7,396	16.00	—	$2,528
Oct 1995	159	7,862	15.43	—	$2,453
Sep 1995	164	7,462	16.18	—	$2,654
Aug 1995	1	7,211	15.92	—	$16
Jul 1995	164	7,893	15.24	—	$2,499
Jun 1995	155	7,700	16.41	—	$2,544
May 1995	152	8,195	17.56	—	$2,669
Apr 1995	1	7,826	17.73	—	$18
Mar 1995	137	8,842	16.44	—	$2,252
Feb 1995	164	8,117	16.58	—	$2,719
Jan 1995	114	8,473	15.92	—	$1,815
Dec 1994	152	8,901	15.03	—	$2,285
Nov 1994	162	8,558	15.90	—	$2,576
Oct 1994	171	8,675	15.58	—	$2,664
Sep 1994	0	8,824	15.29	—	$0
Aug 1994	155	9,546	16.13	—	$2,500
Jul 1994	156	10,865	17.56	—	$2,739
Jun 1994	160	10,872	17.09	—	$2,734
May 1994	149	11,492	15.88	—	$2,366
Apr 1994	153	11,427	14.14	—	$2,163
Mar 1994	146	12,244	12.46	—	$1,819
Feb 1994	165	11,389	12.50	—	$2,063
Jan 1994	314	13,228	12.66	—	$3,975
Dec 1993	160	13,882	12.33	—	$1,973
Nov 1993	165	14,938	14.49	—	$2,391
Oct 1993	158	16,091	15.85	—	$2,504
Sep 1993	303	17,803	15.03	—	$4,554
Aug 1993	152	14,227	15.66	—	$2,380
Jul 1993	159	10,727	15.46	—	$2,458
Jun 1993	152	13,431	16.79	—	$2,552
May 1993	311	14,174	17.68	—	$5,498
Apr 1993	158	15,299	18.05	—	$2,852
Mar 1993	333	16,434	18.14	—	$6,041
Feb 1993	168	14,832	17.90	—	$3,007
Jan 1993	315	16,573	16.93	—	$5,333

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.

Feb 2006 — as filed, then multipliedworked

Condensate           113 bbl  × $ 57.59 =     $6,508
Gas                    0 Mcf  × $  7.75 =         $0

────────────────────────────────────────────────────
Month total                                   $6,508

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/125339 is the state's own key, not one this site invented.