KEELS, GRACE E.

Operated by APACHE CORPORATION (P-5 27200) in the GIDDINGS (AUSTIN CHALK, GAS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 145213District 03Field 34773550CondensateGasSaveExport
Value, all time
$149 k
May 1993 – Jun 2004
Value, last 12 filed months
$0
at the published price for each month
Months reported
134
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 1,061 leases and 1,061 wells, and the rule below applies to all of them.

Discovered
1978-08-01
as the register files it
Field class
Gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2018-10-16.

The Commission's schedule remark for this field reads: AMENDED DRILLING PERMITS, NOTICE, OR HEARING.

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
CondensateDisposition1,533 bbl$26,121
GasProduction65,692 Mcf$123,242
Total$149,363

24,185 Mcf of this lease's gas, across 37 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 30.3922, -96.5190. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.39217, -96.51903 · 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
9,750 ft
1 wells filed one
Completion to plug
23.5 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 9,750 ft.

Completions filed
Dec 1980
1 of 1 wells
Plug dates filed
Jun 2004
1 of 1 wells

Last completion to plug: a median of 23.5 years across the 1 well that filed both dates, with the middle half between 23.5 years and 23.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-0513105619,750 ftDec 1980Jun 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 (134)

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

134 months

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 200302626.595.97$155
Apr 200309326.675.41$503
Mar 2003018831.146.10$1,146
Feb 2003020933.487.93$1,657
Jan 2003040930.315.58$2,283
Dec 2002032326.914.85$1,568
Nov 2002016824.664.14$695
Oct 2002034426.464.23$1,455
Sep 2002021227.443.64$771
Aug 200205725.963.16$180
Jul 2002026624.583.06$814
Jun 2002018523.733.34$618
May 2002031224.663.58$1,118
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 200101716.932.36$40
Nov 2001032918.072.41$791
Oct 2001029819.782.53$754
Sep 2001026324.262.25$592
Aug 2001036024.873.05$1,099
Jul 200113241023.933.20$4,470
Jun 2001032324.563.82$1,235
May 2001039225.524.31$1,688
Apr 2001048224.685.34$2,572
Mar 2001051524.545.38$2,769
Feb 2001028327.755.77$1,632
Jan 2001048727.478.40$4,090
Dec 2000035826.889.12$3,266
Nov 2000047532.215.66$2,688
Oct 2000044731.235.15$2,300
Sep 2000038731.875.19$2,007
Aug 2000045629.644.54$2,071
Jul 2000031028.534.09$1,268
Jun 2000044829.304.40$1,970
May 2000038127.263.68$1,402
Apr 2000036424.513.12$1,134
Mar 200012051428.422.86$4,880
Feb 2000052027.622.73$1,418
Jan 2000011825.272.48$293
Dec 1999022924.282.42$555
Nov 1999048523.192.43$1,180
Oct 1999047720.982.80$1,337
Sep 1999063521.752.62$1,663
Aug 1999066319.262.88$1,907
Jul 1999082517.892.37$1,957
Jun 199911057915.942.36$3,121
May 1999062815.792.32$1,458
Apr 1999073415.102.21$1,621
Mar 199901,03712.471.84$1,906
Feb 199906209.981.82$1,127
Jan 1999077210.381.90$1,467
Dec 1998929229.201.77$2,481
Nov 1998080410.892.19$1,757
Oct 199819280112.421.97$3,962
Sep 1998064612.592.08$1,345
Aug 1998090911.301.91$1,734
Jul 1998083211.742.24$1,861
Jun 1998089111.242.24$1,993
May 1998086012.622.21$1,897
Apr 1998095713.042.51$2,398
Mar 199801,01712.802.31$2,349
Feb 1998072713.952.30$1,671
Jan 1998073214.702.15$1,577
Dec 199701,03316.322.41$2,491
Nov 199701,12518.193.09$3,474
Oct 1997097419.253.15$3,068
Sep 1997086517.742.95$2,556
Aug 199712195917.862.55$4,611
Jul 1997069817.582.25$1,568
Jun 1997083117.242.26$1,876
May 1997070318.972.31$1,623
Apr 1997090917.882.08$1,893
Mar 199701,36718.951.94$2,651
Feb 19971461,15020.492.21$5,528
Jan 199701,38223.483.54$4,892
Dec 1996097723.32$0
Nov 199606721.97$0
Oct 19960023.31$0
Sep 19960022.22$0
Aug 19960020.26$0
Jul 19960019.55$0
Jun 19960018.73$0
May 19960019.43$0
Apr 19960021.51$0
Mar 1996020119.38$0
Feb 1996062216.98$0
Jan 19966467117.07$1,092
Dec 1995071017.19$0
Nov 1995068216.00$0
Oct 1995060315.43$0
Sep 1995051316.18$0
Aug 1995061315.92$0
Jul 1995084615.24$0
Jun 19951841,03116.41$3,019
May 1995065017.56$0
Apr 1995052617.73$0
Mar 1995086816.44$0
Feb 1995054516.58$0
Jan 199518263615.92$2,897
Dec 1994069615.03$0
Nov 1994075215.90$0
Oct 1994082715.58$0
Sep 1994062115.29$0
Aug 1994072616.13$0
Jul 1994074617.56$0
Jun 1994052517.09$0
May 1994056515.88$0
Apr 1994048514.14$0
Mar 1994074212.46$0
Feb 1994052412.50$0
Jan 199419054612.66$2,405
Dec 1993067312.33$0
Nov 1993066914.49$0
Oct 1993076715.85$0
Sep 1993067815.03$0
Aug 1993067315.66$0
Jul 1993076115.46$0
Jun 1993068716.79$0
May 1993076117.68$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             0 bbl  × $ 26.59 =         $0
Gas                   26 Mcf  × $  5.97 =       $155

────────────────────────────────────────────────────
Month total                                     $155

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/145213 is the state's own key, not one this site invented.