FARMS, I. P.

Name: FARMS, I. P. lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by MILAGRO EXPLORATION, LLC (P-5 566789) in the CHOCOLATE BAYOU (IP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 143862District 03Field 17915454CondensateGasSave

Value, all time

$83.1 M

Jan 1993 – Jul 2012

Value, last 12 filed months

$35 k

at the published price for each month

Months reported

235

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	328,518 bbl	$7,062,820
Gas	Production	33,261,397 Mcf	$76,023,574
Total			$83,086,393

14,841,814 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 29.2895, -95.1921. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.28955, -95.19207 · 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

14,550 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 14,550 ft.

Completions filed

Feb 2015

1 of 1 wells

1 well


42-03932465	1X	14,550 ft	Feb 2015	—	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 (235)

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

235 months


Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	4	0	105.05	2.22	$420
Feb 2012	23	0	101.10	2.57	$2,325
Jan 2012	64	0	98.09	2.73	$6,278
Dec 2011	0	353	96.87	3.24	$1,144
Nov 2011	0	638	95.72	3.31	$2,113
Oct 2011	0	1,730	84.98	3.65	$6,312
Sep 2011	0	892	83.62	3.99	$3,555
Aug 2011	0	3,061	83.40	4.15	$12,701
Jul 2011	0	64	94.14	4.52	$289
Jun 2011	0	362	92.90	4.64	$1,680
May 2011	179	10,455	98.13	4.40	$63,618
Apr 2011	0	15,723	105.96	4.33	$68,132
Mar 2011	171	17,100	96.36	4.06	$85,858
Feb 2011	0	14,727	85.64	4.18	$61,559
Jan 2011	192	15,382	86.50	4.59	$87,193
Dec 2010	0	13,953	85.73	4.35	$60,664
Nov 2010	185	9,333	80.84	3.80	$50,377
Oct 2010	0	14,512	78.10	3.51	$50,921
Sep 2010	0	13,809	72.63	3.98	$54,953
Aug 2010	185	14,747	73.68	4.42	$78,803
Jul 2010	0	15,263	72.55	4.74	$72,293
Jun 2010	182	14,327	70.36	4.91	$83,157
May 2010	0	14,928	71.12	4.24	$63,223
Apr 2010	156	12,351	81.69	4.12	$63,663
Mar 2010	185	18,404	78.39	4.39	$95,271
Feb 2010	190	17,823	73.58	5.44	$110,979
Jan 2010	0	17,368	74.36	5.96	$103,584
Dec 2009	175	18,000	71.44	5.48	$111,210
Nov 2009	188	16,020	74.59	3.75	$74,122
Oct 2009	180	15,697	72.54	4.11	$77,576
Sep 2009	0	14,141	65.54	3.06	$43,339
Aug 2009	170	16,130	67.42	3.22	$63,376
Jul 2009	181	16,702	61.13	3.46	$68,929
Jun 2009	0	18,394	66.16	3.90	$71,645
May 2009	0	11,659	54.74	3.93	$45,770
Apr 2009	0	263	46.77	3.59	$944
Mar 2009	0	1,101	42.14	4.06	$4,469
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	194	135	37.10	5.98	$8,004
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	174	12,539	114.22	8.48	$126,243
Jul 2008	174	37,901	131.08	11.39	$454,479
Jun 2008	181	43,031	131.33	13.03	$584,578
May 2008	368	45,397	123.17	11.57	$570,765
Apr 2008	354	53,492	110.31	10.45	$598,301
Mar 2008	360	64,587	101.90	9.66	$660,857
Feb 2008	0	60,531	92.53	8.77	$530,892
Jan 2008	710	67,788	90.38	8.21	$620,420
Dec 2007	184	66,184	88.33	7.30	$499,526
Nov 2007	164	63,205	91.67	7.29	$475,906
Oct 2007	184	67,380	82.85	6.92	$481,647
Sep 2007	351	65,510	75.84	6.24	$435,675
Aug 2007	740	52,868	69.06	6.39	$388,822
Jul 2007	0	44,137	70.90	6.39	$281,945
Jun 2007	533	55,424	62.00	7.55	$451,411
May 2007	371	56,942	58.74	7.85	$468,575
Apr 2007	185	46,468	59.61	7.81	$373,720
Mar 2007	555	63,879	56.92	7.30	$498,033
Feb 2007	553	34,473	55.10	8.22	$313,700
Jan 2007	0	60,291	50.30	6.73	$405,569
Dec 2006	355	64,181	56.65	6.92	$464,143
Nov 2006	364	64,221	54.20	7.62	$508,931
Oct 2006	540	65,470	54.90	6.01	$423,369
Sep 2006	185	67,382	60.08	5.04	$350,531
Aug 2006	708	72,361	68.71	7.34	$579,771
Jul 2006	541	74,797	69.37	6.34	$511,949
Jun 2006	537	64,563	66.28	6.38	$447,755
May 2006	0	76,403	66.01	6.42	$490,889
Apr 2006	524	78,862	64.39	7.36	$614,203
Mar 2006	539	78,736	56.70	7.08	$588,242
Feb 2006	359	57,493	57.59	7.75	$466,310
Jan 2006	184	77,068	60.59	8.93	$699,622
Dec 2005	364	61,011	54.94	13.42	$838,485
Nov 2005	556	72,989	54.69	10.59	$803,244
Oct 2005	190	68,837	58.34	13.80	$960,743
Sep 2005	537	71,185	61.45	12.08	$892,842
Aug 2005	363	89,967	61.51	9.80	$903,720
Jul 2005	362	91,473	55.69	7.84	$737,641
Jun 2005	362	96,594	52.33	7.38	$731,908
May 2005	544	104,359	45.22	6.65	$718,708
Apr 2005	515	74,236	49.20	7.36	$571,751
Mar 2005	551	100,371	50.37	7.15	$745,896
Feb 2005	703	84,674	45.22	6.31	$566,245
Jan 2005	548	96,649	43.16	6.32	$634,686
Dec 2004	919	95,363	39.86	6.75	$680,435
Nov 2004	360	102,149	45.28	6.33	$662,947
Oct 2004	539	109,186	49.70	6.52	$738,146
Sep 2004	745	105,085	43.24	5.28	$587,472
Aug 2004	542	97,753	42.37	5.55	$565,558
Jul 2004	722	109,985	38.28	6.08	$696,807
Jun 2004	543	78,572	36.10	6.43	$525,058
May 2004	361	90,352	37.48	6.49	$600,329
Apr 2004	374	93,450	34.47	5.86	$560,365
Mar 2004	490	99,966	34.36	5.53	$569,662
Feb 2004	747	85,905	32.45	5.51	$497,544
Jan 2004	379	81,457	32.03	6.30	$525,289
Dec 2003	544	81,089	30.26	6.30	$527,455
Nov 2003	715	81,660	28.80	4.60	$395,833
Oct 2003	726	92,549	28.17	4.76	$460,951
Sep 2003	542	93,382	26.31	4.75	$457,765
Aug 2003	1,087	99,344	29.76	5.13	$541,956
Jul 2003	354	95,881	29.41	5.17	$506,196
Jun 2003	553	100,396	28.56	5.98	$616,459
May 2003	1,095	106,376	26.59	5.97	$664,466
Apr 2003	544	106,072	26.67	5.41	$588,069
Mar 2003	546	116,207	31.14	6.10	$725,405
Feb 2003	547	88,204	33.48	7.93	$717,408
Jan 2003	1,056	99,548	30.31	5.58	$587,688
Dec 2002	180	87,924	26.91	4.85	$431,606
Nov 2002	714	94,569	24.66	4.14	$408,835
Oct 2002	1,089	100,956	26.46	4.23	$455,770
Sep 2002	357	95,535	27.44	3.64	$357,085
Aug 2002	725	98,052	25.96	3.16	$329,073
Jul 2002	909	100,219	24.58	3.06	$329,190
Jun 2002	536	102,307	23.73	3.34	$354,245
May 2002	731	101,956	24.66	3.58	$383,437
Apr 2002	729	98,492	23.65	3.51	$363,176
Mar 2002	757	114,639	22.00	3.10	$372,347
Feb 2002	945	104,340	18.22	2.38	$265,096
Jan 2002	766	133,422	17.17	2.38	$330,120
Dec 2001	778	124,086	16.93	2.36	$306,560
Nov 2001	779	119,300	18.07	2.41	$301,055
Oct 2001	968	129,429	19.78	2.53	$346,457
Sep 2001	950	126,808	24.26	2.25	$308,532
Aug 2001	944	132,870	24.87	3.05	$429,151
Jul 2001	1,130	130,966	23.93	3.20	$445,750
Jun 2001	573	116,885	24.56	3.82	$461,060
May 2001	944	120,258	25.52	4.31	$542,081
Apr 2001	931	118,808	24.68	5.34	$656,856
Mar 2001	949	125,572	24.54	5.38	$698,419
Feb 2001	1,140	110,812	27.75	5.77	$670,697
Jan 2001	954	125,857	27.47	8.40	$1,083,249
Dec 2000	1,110	131,294	26.88	9.12	$1,227,566
Nov 2000	907	127,820	32.21	5.66	$752,420
Oct 2000	1,124	133,938	31.23	5.15	$724,281
Sep 2000	562	128,903	31.87	5.19	$686,466
Aug 2000	907	139,479	29.64	4.54	$660,223
Jul 2000	1,314	134,918	28.53	4.09	$589,269
Jun 2000	1,125	132,453	29.30	4.40	$615,391
May 2000	1,124	133,871	27.26	3.68	$523,252
Apr 2000	1,112	140,833	24.51	3.12	$466,091
Mar 2000	1,227	155,631	28.42	2.86	$479,937
Feb 2000	1,607	146,320	27.62	2.73	$443,327
Jan 2000	1,392	160,600	25.27	2.48	$433,544
Dec 1999	1,206	157,471	24.28	2.42	$410,947
Nov 1999	1,037	156,713	23.19	2.43	$405,486
Oct 1999	1,356	140,208	20.98	2.80	$421,551
Sep 1999	779	152,551	21.75	2.62	$416,451
Aug 1999	1,139	148,112	19.26	2.88	$447,848
Jul 1999	1,235	147,630	17.89	2.37	$372,327
Jun 1999	1,413	150,079	15.94	2.36	$377,025
May 1999	1,813	155,589	15.79	2.32	$389,752
Apr 1999	1,503	162,701	15.10	2.21	$381,947
Mar 1999	1,466	173,314	12.47	1.84	$336,889
Feb 1999	1,550	162,677	9.98	1.82	$311,182
Jan 1999	1,438	180,142	10.38	1.90	$357,187
Dec 1998	1,746	178,214	9.20	1.77	$332,094
Nov 1998	1,392	181,498	10.89	2.19	$411,863
Oct 1998	1,512	189,455	12.42	1.97	$391,856
Sep 1998	1,717	188,779	12.59	2.08	$414,772
Aug 1998	1,281	187,003	11.30	1.91	$371,155
Jul 1998	2,341	195,068	11.74	2.24	$463,903
Jun 1998	2,600	192,507	11.24	2.24	$459,914
May 1998	1,675	233,384	12.62	2.21	$536,063
Apr 1998	2,954	232,015	13.04	2.51	$619,794
Mar 1998	2,852	251,687	12.80	2.31	$617,762
Feb 1998	2,528	247,091	13.95	2.30	$603,360
Jan 1998	3,184	297,601	14.70	2.15	$688,072
Dec 1997	3,353	298,810	16.32	2.41	$775,182
Nov 1997	3,444	284,554	18.19	3.09	$941,423
Oct 1997	3,383	303,220	19.25	3.15	$1,020,211
Sep 1997	3,817	306,392	17.74	2.95	$973,065
Aug 1997	3,600	320,789	17.86	2.55	$883,828
Jul 1997	3,624	307,157	17.58	2.25	$753,873
Jun 1997	3,955	324,677	17.24	2.26	$801,045
May 1997	4,166	341,549	18.97	2.31	$867,495
Apr 1997	4,502	344,015	17.88	2.08	$797,003
Mar 1997	4,679	373,287	18.95	1.94	$812,523
Feb 1997	4,528	356,001	20.49	2.21	$878,081
Jan 1997	4,653	406,134	23.48	3.54	$1,546,845
Dec 1996	4,315	392,149	23.32	—	$100,626
Nov 1996	3,656	364,610	21.97	—	$80,322
Oct 1996	4,137	394,942	23.31	—	$96,433
Sep 1996	4,335	389,405	22.22	—	$96,324
Aug 1996	3,909	344,931	20.26	—	$79,196
Jul 1996	3,906	359,141	19.55	—	$76,362
Jun 1996	4,599	383,556	18.73	—	$86,139
May 1996	4,374	397,834	19.43	—	$84,987
Apr 1996	4,060	402,803	21.51	—	$87,331
Mar 1996	3,812	407,714	19.38	—	$73,877
Feb 1996	3,547	374,422	16.98	—	$60,228
Jan 1996	3,773	396,141	17.07	—	$64,405
Dec 1995	3,764	375,496	17.19	—	$64,703
Nov 1995	3,483	347,756	16.00	—	$55,728
Oct 1995	3,477	350,524	15.43	—	$53,650
Sep 1995	3,407	340,047	16.18	—	$55,125
Aug 1995	3,300	265,329	15.92	—	$52,536
Jul 1995	2,973	271,496	15.24	—	$45,309
Jun 1995	3,149	266,646	16.41	—	$51,675
May 1995	3,164	272,636	17.56	—	$55,560
Apr 1995	3,203	270,237	17.73	—	$56,789
Mar 1995	3,358	297,992	16.44	—	$55,206
Feb 1995	3,258	263,982	16.58	—	$54,018
Jan 1995	3,358	306,325	15.92	—	$53,459
Dec 1994	3,810	301,120	15.03	—	$57,264
Nov 1994	3,761	292,286	15.90	—	$59,800
Oct 1994	3,649	297,049	15.58	—	$56,851
Sep 1994	3,606	290,518	15.29	—	$55,136
Aug 1994	4,089	305,572	16.13	—	$65,956
Jul 1994	3,615	305,216	17.56	—	$63,479
Jun 1994	3,703	288,095	17.09	—	$63,284
May 1994	3,475	290,691	15.88	—	$55,183
Apr 1994	3,807	296,307	14.14	—	$53,831
Mar 1994	3,786	299,994	12.46	—	$47,174
Feb 1994	2,949	244,217	12.50	—	$36,863
Jan 1994	3,987	318,438	12.66	—	$50,475
Dec 1993	4,361	335,511	12.33	—	$53,771
Nov 1993	3,001	246,665	14.49	—	$43,484
Oct 1993	2,834	218,051	15.85	—	$44,919
Sep 1993	3,817	312,715	15.03	—	$57,370
Aug 1993	3,924	312,442	15.66	—	$61,450
Jul 1993	3,900	301,419	15.46	—	$60,294
Jun 1993	3,894	313,041	16.79	—	$65,380
May 1993	3,912	275,759	17.68	—	$69,164
Apr 1993	3,242	282,979	18.05	—	$58,518
Mar 1993	3,755	268,361	18.14	—	$68,116
Feb 1993	2,508	178,159	17.90	—	$44,893
Jan 1993	0	31,095	16.93	—	$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.

Mar 2012 — as filed, then multipliedworked

Condensate             4 bbl  × $105.05 =       $420
Gas                    0 Mcf  × $  2.22 =         $0

────────────────────────────────────────────────────
Month total                                     $420

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/143862 is the state's own key, not one this site invented.