GRAVES UNIT "B"

Name: GRAVES UNIT "B" lease production and value, Aug 1994 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by EOG RESOURCES, INC. (P-5 ) in the MILTON, N. (13000) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 151237District 03Field 000000002 tax incentive programmesCondensateGasSave Export

Value, all time

$3.1 M

Aug 1994 – Dec 2006

Value, last 12 filed months

$155 k

at the published price for each month

Months reported

148

1 month not filed

Streams

condensate, gas

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
High Cost Gas	1	1	2001-09-25	144257
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	15,290 bbl	$351,725
Gas	Production	1,358,043 Mcf	$2,729,061
Total			$3,080,786

660,226 Mcf of this lease's gas, across 29 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 29.9930, -95.4373. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.99301, -95.43732 · 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

12,157 ft

1 wells filed one

Completion to plug

10.0 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 12,157 ft.

Completions filed

Apr 2006

1 of 1 wells

Plug dates filed

Apr 2016

1 of 1 wells

Last completion to plug: a median of 10.0 years across the 1 well that filed both dates, with the middle half between 10.0 years and 10.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-20132366	2	12,157 ft	Apr 2006	Apr 2016	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 (148)

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

148 months


Dec 2006	0	0	56.65	6.92	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	3	0	66.01	6.42	$198
Apr 2006	25	0	64.39	7.36	$1,610
Mar 2006	51	3,450	56.70	7.08	$27,328
Feb 2006	85	3,319	57.59	7.75	$30,621
Jan 2006	34	4,207	60.59	8.93	$39,643
Dec 2005	72	3,855	54.94	13.42	$55,672
Nov 2005	49	3,905	54.69	10.59	$44,028
Oct 2005	37	4,054	58.34	13.80	$58,087
Sep 2005	77	3,679	61.45	12.08	$49,170
Aug 2005	133	3,815	61.51	9.80	$45,556
Jul 2005	94	3,910	55.69	7.84	$35,903
Jun 2005	144	3,878	52.33	7.38	$36,159
May 2005	144	3,880	45.22	6.65	$32,318
Apr 2005	148	4,292	49.20	7.36	$38,873
Mar 2005	103	5,021	50.37	7.15	$41,113
Feb 2005	193	4,283	45.22	6.31	$35,761
Jan 2005	56	3,595	43.16	6.32	$25,145
Dec 2004	41	3,271	39.86	6.75	$23,717
Nov 2004	44	3,648	45.28	6.33	$25,086
Oct 2004	103	4,223	49.70	6.52	$32,632
Sep 2004	107	4,591	43.24	5.28	$28,885
Aug 2004	53	4,016	42.37	5.55	$24,537
Jul 2004	84	4,543	38.28	6.08	$30,856
Jun 2004	42	3,354	36.10	6.43	$23,093
May 2004	0	4,522	37.48	6.49	$29,368
Apr 2004	0	3,232	34.47	5.86	$18,935
Mar 2004	16	3,645	34.36	5.53	$20,707
Feb 2004	45	4,125	32.45	5.51	$24,187
Jan 2004	31	4,677	32.03	6.30	$30,456
Dec 2003	66	5,323	30.26	6.30	$35,541
Nov 2003	61	3,994	28.80	4.60	$20,110
Oct 2003	90	5,102	28.17	4.76	$26,819
Sep 2003	64	5,882	26.31	4.75	$29,620
Aug 2003	41	6,663	29.76	5.13	$35,399
Jul 2003	38	5,952	29.41	5.17	$31,894
Jun 2003	29	5,235	28.56	5.98	$32,149
May 2003	37	5,314	26.59	5.97	$32,723
Apr 2003	27	4,859	26.67	5.41	$26,994
Mar 2003	45	4,728	31.14	6.10	$30,223
Feb 2003	32	4,973	33.48	7.93	$40,487
Jan 2003	34	5,640	30.31	5.58	$32,513
Dec 2002	39	5,514	26.91	4.85	$27,813
Nov 2002	22	5,536	24.66	4.14	$23,445
Oct 2002	0	5,745	26.46	4.23	$24,296
Sep 2002	0	6,107	27.44	3.64	$22,200
Aug 2002	0	6,041	25.96	3.16	$19,115
Jul 2002	0	5,110	24.58	3.06	$15,646
Jun 2002	0	5,790	23.73	3.34	$19,328
May 2002	0	5,711	24.66	3.58	$20,468
Apr 2002	0	5,114	23.65	3.51	$17,962
Mar 2002	0	5,519	22.00	3.10	$17,124
Feb 2002	0	3,956	18.22	2.38	$9,398
Jan 2002	0	4,508	17.17	2.38	$10,710
Dec 2001	0	4,727	16.93	2.36	$11,177
Nov 2001	0	4,679	18.07	2.41	$11,255
Oct 2001	0	5,681	19.78	2.53	$14,367
Sep 2001	0	5,047	24.26	2.25	$11,362
Aug 2001	5	4,688	24.87	3.05	$14,438
Jul 2001	15	6,129	23.93	3.20	$19,954
Jun 2001	11	4,535	24.56	3.82	$17,613
May 2001	14	5,705	25.52	4.31	$24,931
Apr 2001	15	4,771	24.68	5.34	$25,825
Mar 2001	10	6,169	24.54	5.38	$33,413
Feb 2001	0	5,312	27.75	5.77	$30,635
Jan 2001	39	4,265	27.47	8.40	$36,892
Dec 2000	192	5,547	26.88	9.12	$55,763
Nov 2000	182	5,707	32.21	5.66	$38,152
Oct 2000	130	4,819	31.23	5.15	$28,856
Sep 2000	0	5,842	31.87	5.19	$30,300
Aug 2000	28	4,811	29.64	4.54	$22,675
Jul 2000	199	5,906	28.53	4.09	$29,832
Jun 2000	150	5,499	29.30	4.40	$28,575
May 2000	147	6,061	27.26	3.68	$26,310
Apr 2000	166	6,473	24.51	3.12	$24,239
Mar 2000	0	5,835	28.42	2.86	$16,687
Feb 2000	77	7,252	27.62	2.73	$21,899
Jan 2000	141	5,793	25.27	2.48	$17,933
Dec 1999	229	9,770	24.28	2.42	$29,240
Nov 1999	171	6,491	23.19	2.43	$19,765
Oct 1999	150	7,820	20.98	2.80	$25,072
Sep 1999	136	8,322	21.75	2.62	$24,752
Aug 1999	144	7,034	19.26	2.88	$23,000
Jul 1999	102	8,761	17.89	2.37	$22,609
Jun 1999	80	6,436	15.94	2.36	$16,478
May 1999	43	8,066	15.79	2.32	$19,400
Apr 1999	50	8,250	15.10	2.21	$18,971
Mar 1999	65	8,420	12.47	1.84	$16,289
Feb 1999	62	9,201	9.98	1.82	$17,344
Jan 1999	51	6,515	10.38	1.90	$12,908
Dec 1998	56	8,138	9.20	1.77	$14,946
Nov 1998	37	5,260	10.89	2.19	$11,900
Oct 1998	55	7,728	12.42	1.97	$15,901
Sep 1998	42	7,531	12.59	2.08	$16,213
Aug 1998	48	7,858	11.30	1.91	$15,530
Jul 1998	58	9,401	11.74	2.24	$21,714
Jun 1998	54	9,560	11.24	2.24	$21,995
May 1998	55	8,727	12.62	2.21	$19,949
Apr 1998	52	9,938	13.04	2.51	$25,576
Mar 1998	72	10,817	12.80	2.31	$25,903
Feb 1998	63	8,014	13.95	2.30	$19,304
Jan 1998	103	9,710	14.70	2.15	$22,437
Dec 1997	101	10,079	16.32	2.41	$25,950
Nov 1997	82	9,219	18.19	3.09	$29,962
Oct 1997	78	9,918	19.25	3.15	$32,741
Sep 1997	76	9,652	17.74	2.95	$29,869
Aug 1997	86	10,615	17.86	2.55	$28,655
Jul 1997	97	10,293	17.58	2.25	$24,833
Jun 1997	96	10,065	17.24	2.26	$24,374
May 1997	96	10,821	18.97	2.31	$26,801
Apr 1997	120	13,350	17.88	2.08	$29,951
Mar 1997	120	12,120	18.95	1.94	$25,776
Feb 1997	141	13,362	20.49	2.21	$32,364
Jan 1997	162	13,996	23.48	3.54	$53,345
Dec 1996	189	14,350	23.32	—	$4,407
Nov 1996	190	14,176	21.97	—	$4,174
Oct 1996	194	14,631	23.31	—	$4,522
Sep 1996	149	14,295	22.22	—	$3,311
Aug 1996	183	17,123	20.26	—	$3,708
Jul 1996	124	10,963	19.55	—	$2,424
Jun 1996	44	11,230	18.73	—	$824
May 1996	55	13,484	19.43	—	$1,069
Apr 1996	71	16,911	21.51	—	$1,527
Mar 1996	55	14,461	19.38	—	$1,066
Feb 1996	71	13,835	16.98	—	$1,206
Jan 1996	96	19,244	17.07	—	$1,639
Dec 1995	72	15,920	17.19	—	$1,238
Nov 1995	93	17,148	16.00	—	$1,488
Oct 1995	101	18,518	15.43	—	$1,558
Sep 1995	81	15,892	16.18	—	$1,311
Aug 1995	135	19,951	15.92	—	$2,149
Jul 1995	325	27,511	15.24	—	$4,953
Jun 1995	406	27,714	16.41	—	$6,662
May 1995	432	32,567	17.56	—	$7,586
Apr 1995	486	32,423	17.73	—	$8,617
Mar 1995	528	35,897	16.44	—	$8,680
Feb 1995	548	32,156	16.58	—	$9,086
Jan 1995	638	43,150	15.92	—	$10,157
Dec 1994	742	51,169	15.03	—	$11,152
Nov 1994	1,205	65,142	15.90	—	$19,160
Oct 1994	178	15,136	15.58	—	$2,773
Sep 1994	409	28,409	15.29	—	$6,254
Aug 1994	97	6,820	16.13	—	$1,565

Not filed, and not zero: Nov 2006. The Railroad Commission holds no report for those months, so this page shows none — a zero would state that the lease produced nothing.

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 2006 — as filed, then multipliedworked

Condensate             3 bbl  × $ 66.01 =       $198
Gas                    0 Mcf  × $  6.42 =         $0

────────────────────────────────────────────────────
Month total                                     $198

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/151237 is the state's own key, not one this site invented.