LEVERIDGE, W. C. ET UX -A-

Name: LEVERIDGE, W. C. ET UX -A- lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SOUTHEASTERN PIPE LINE COMPANY (P-5 803290) in the BERNARD, EAST (8000) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 142363District 03Field 07301913NGPA filingCondensateGasSave Export

Value, all time

$917 k

Jan 1993 – Dec 1998

Value, last 12 filed months

$270 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The BERNARD, EAST (8000) 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 11 leases and 11 wells, and the rule below applies to all of them.

Discovered

—

not filed

Field class

Gas

the register's own label

Between wells

1,200 ft

minimum

From a lease line

467 ft

minimum

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

The Commission's schedule remark for this field reads: “ CONSOLIDATED TO BERNARD, EAST (7700) FLD EFF 7/14/09.”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	6,452 bbl	$109,095
Gas	Production	1,612,530 Mcf	$808,388
Total			$917,484

1,277,724 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 29.5595, -96.0654. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.55953, -96.06540 · 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

0.0%

0 of 1 wells

Median depth

8,562 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

00.0%

BothOn the schedule and plugged. Neither fact cancels the other.

00.0%

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 8,562 ft.

Completions filed

Dec 1998

1 of 1 wells

1 well


42-48133550	5	8,562 ft	Dec 1998	—	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 (72)

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

72 months


Dec 1998	25	1,890	9.20	1.77	$3,582
Nov 1998	38	8,275	10.89	2.19	$18,501
Oct 1998	0	9,077	12.42	1.97	$17,875
Sep 1998	39	10,060	12.59	2.08	$21,442
Aug 1998	0	8,261	11.30	1.91	$15,757
Jul 1998	41	11,392	11.74	2.24	$25,968
Jun 1998	29	7,674	11.24	2.24	$17,495
May 1998	41	12,522	12.62	2.21	$28,145
Apr 1998	41	12,012	13.04	2.51	$30,629
Mar 1998	42	13,368	12.80	2.31	$31,410
Feb 1998	40	11,776	13.95	2.30	$27,633
Jan 1998	82	14,028	14.70	2.15	$31,433
Dec 1997	34	14,674	16.32	2.41	$35,935
Nov 1997	32	14,339	18.19	3.09	$44,865
Oct 1997	65	15,905	19.25	3.15	$51,349
Sep 1997	35	17,452	17.74	2.95	$52,189
Aug 1997	35	18,632	17.86	2.55	$48,225
Jul 1997	66	18,523	17.58	2.25	$42,780
Jun 1997	79	18,694	17.24	2.26	$43,558
May 1997	42	20,944	18.97	2.31	$49,146
Apr 1997	93	21,992	17.88	2.08	$47,467
Mar 1997	65	16,406	18.95	1.94	$33,045
Feb 1997	81	19,154	20.49	2.21	$43,912
Jan 1997	68	17,756	23.48	3.54	$64,448
Dec 1996	58	18,472	23.32	—	$1,353
Nov 1996	64	25,488	21.97	—	$1,406
Oct 1996	145	31,834	23.31	—	$3,380
Sep 1996	44	29,735	22.22	—	$978
Aug 1996	74	26,775	20.26	—	$1,499
Jul 1996	107	27,441	19.55	—	$2,092
Jun 1996	104	28,323	18.73	—	$1,948
May 1996	172	31,098	19.43	—	$3,342
Apr 1996	122	34,620	21.51	—	$2,624
Mar 1996	183	36,204	19.38	—	$3,547
Feb 1996	128	34,387	16.98	—	$2,173
Jan 1996	197	37,700	17.07	—	$3,363
Dec 1995	232	38,267	17.19	—	$3,988
Nov 1995	101	27,705	16.00	—	$1,616
Oct 1995	189	36,264	15.43	—	$2,916
Sep 1995	128	35,780	16.18	—	$2,071
Aug 1995	190	34,689	15.92	—	$3,025
Jul 1995	122	33,958	15.24	—	$1,859
Jun 1995	170	33,259	16.41	—	$2,790
May 1995	116	34,960	17.56	—	$2,037
Apr 1995	113	32,719	17.73	—	$2,003
Mar 1995	176	33,785	16.44	—	$2,893
Feb 1995	123	31,340	16.58	—	$2,039
Jan 1995	122	38,345	15.92	—	$1,942
Dec 1994	85	19,795	15.03	—	$1,278
Nov 1994	27	9,350	15.90	—	$429
Oct 1994	27	10,036	15.58	—	$421
Sep 1994	33	10,743	15.29	—	$505
Aug 1994	47	10,875	16.13	—	$758
Jul 1994	32	12,065	17.56	—	$562
Jun 1994	66	14,129	17.09	—	$1,128
May 1994	88	12,416	15.88	—	$1,397
Apr 1994	75	11,386	14.14	—	$1,061
Mar 1994	54	17,522	12.46	—	$673
Feb 1994	83	17,496	12.50	—	$1,038
Jan 1994	95	19,318	12.66	—	$1,203
Dec 1993	99	17,878	12.33	—	$1,221
Nov 1993	204	20,398	14.49	—	$2,956
Oct 1993	111	22,038	15.85	—	$1,759
Sep 1993	89	23,234	15.03	—	$1,338
Aug 1993	87	25,505	15.66	—	$1,362
Jul 1993	179	23,940	15.46	—	$2,767
Jun 1993	68	26,431	16.79	—	$1,142
May 1993	135	27,280	17.68	—	$2,387
Apr 1993	136	30,465	18.05	—	$2,455
Mar 1993	139	38,389	18.14	—	$2,521
Feb 1993	68	38,389	17.90	—	$1,217
Jan 1993	132	45,498	16.93	—	$2,235

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.

Dec 1998 — as filed, then multipliedworked

Condensate            25 bbl  × $  9.20 =       $230
Gas                1,890 Mcf  × $  1.77 =     $3,352

────────────────────────────────────────────────────
Month total                                   $3,582

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/142363 is the state's own key, not one this site invented.