ROUND TOP DL

Operated by CHESAPEAKE OPERATING, INC. (P-5 147715) 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 151507District 03Field 347735502 tax incentive programmesCondensateGasSaveExport
Value, all time
$346 k
Sep 1994 – Sep 2011
Value, last 12 filed months
$11 k
at the published price for each month
Months reported
205
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.

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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas221994-11-14 – 1995-01-242 dockets
NGPA2none

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.

StreamBasisVolumeValue
CondensateDisposition6,582 bbl$119,777
GasProduction515,026 Mcf$225,785
Total$345,562

430,325 Mcf of this lease's gas, across 28 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 30.0532, -96.6563. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.05318, -96.65631 · 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
15,370 ft
1 wells filed one
Completion to plug
12.8 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 15,370 ft.

Completions filed
Sep 1994
1 of 1 wells
Plug dates filed
Jun 2007
1 of 1 wells

Last completion to plug: a median of 12.8 years across the 1 well that filed both dates, with the middle half between 12.8 years and 12.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-149328661H15,370 ftSep 1994Jun 2007Yes

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 (205)

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

205 months

Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 2011118094.144.52$11,109
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 200404036.106.43$257
May 2004014237.486.49$922
Apr 2004013434.475.86$785
Mar 2004012934.365.53$713
Feb 200408232.455.51$452
Jan 2004010232.036.30$643
Dec 200309030.266.30$567
Nov 2003010228.804.60$469
Oct 2003019628.174.76$933
Sep 20030326.314.75$14
Aug 200307129.765.13$364
Jul 2003018329.415.17$946
Jun 2003015928.565.98$951
May 2003019126.595.97$1,141
Apr 2003014926.675.41$806
Mar 2003019931.146.10$1,213
Feb 2003010933.487.93$864
Jan 2003025030.315.58$1,396
Dec 2002014026.914.85$680
Nov 2002016724.664.14$691
Oct 2002025426.464.23$1,074
Sep 2002023427.443.64$851
Aug 2002015625.963.16$494
Jul 2002018424.583.06$563
Jun 2002029323.733.34$978
May 2002014024.663.58$502
Apr 2002020923.653.51$734
Mar 2002018022.003.10$558
Feb 2002020018.222.38$475
Jan 2002019517.172.38$463
Dec 2001019716.932.36$466
Nov 2001011418.072.41$274
Oct 2001015819.782.53$400
Sep 2001014224.262.25$320
Aug 200107424.873.05$226
Jul 2001014023.933.20$448
Jun 2001016124.563.82$616
May 2001026025.524.31$1,120
Apr 2001020124.685.34$1,072
Mar 2001014624.545.38$785
Feb 2001016727.755.77$963
Jan 2001029327.478.40$2,461
Dec 2000026726.889.12$2,436
Nov 2000022932.215.66$1,296
Oct 2000025131.235.15$1,292
Sep 2000016231.875.19$840
Aug 200006929.644.54$313
Jul 2000013128.534.09$536
Jun 2000016329.304.40$717
May 2000015427.263.68$567
Apr 2000031124.513.12$969
Mar 2000038228.422.86$1,092
Feb 2000012627.622.73$344
Jan 2000034525.272.48$856
Dec 1999012324.282.42$298
Nov 1999025323.192.43$616
Oct 199918437020.982.80$4,898
Sep 199901,22021.752.62$3,195
Aug 1999060419.262.88$1,737
Jul 1999072217.892.37$1,713
Jun 1999081615.942.36$1,927
May 1999077815.792.32$1,806
Apr 1999088115.102.21$1,945
Mar 1999032312.471.84$594
Feb 199907909.981.82$1,436
Jan 199901,16610.381.90$2,215
Dec 199801,2759.201.77$2,261
Nov 199801,54010.892.19$3,366
Oct 1998094712.421.97$1,865
Sep 199801,15012.592.08$2,395
Aug 19981681,33011.301.91$4,435
Jul 199801,18511.742.24$2,651
Jun 199801,64711.242.24$3,685
May 199801,26412.622.21$2,789
Apr 199801,92013.042.51$4,810
Mar 199801,91112.802.31$4,413
Feb 199801,98813.952.30$4,571
Jan 199802,34314.702.15$5,049
Dec 199702,88816.322.41$6,963
Nov 19971773,41918.193.09$13,778
Oct 199703,81419.253.15$12,013
Sep 199704,07017.742.95$12,026
Aug 199703,82717.862.55$9,777
Jul 199701,46417.582.25$3,290
Jun 19971574,11617.242.26$11,997
May 199705,19418.972.31$11,990
Apr 19971655,90817.882.08$15,255
Mar 199725,42418.951.94$10,556
Feb 199703,43120.492.21$7,568
Jan 199735,27423.483.54$18,739
Dec 19961713,52823.32$3,988
Nov 199613,16521.97$22
Oct 199604,04823.31$0
Sep 199614,27122.22$22
Aug 19961743,94720.26$3,525
Jul 199625,79919.55$39
Jun 19961807,58218.73$3,371
May 199659,79619.43$97
Apr 19961809,13721.51$3,872
Mar 199615,73919.38$19
Feb 199618810,63316.98$3,192
Jan 199618714,42317.07$3,192
Dec 199519711,01117.19$3,386
Nov 199517,24116.00$16
Oct 19951777,34315.43$2,731
Sep 19951778,81816.18$2,864
Aug 199518010,51715.92$2,866
Jul 199518512,39315.24$2,819
Jun 199518512,85816.41$3,036
May 199518712,68117.56$3,284
Apr 199536715,24017.73$6,507
Mar 199519516,20416.44$3,206
Feb 199537717,66416.58$6,251
Jan 199536922,38715.92$5,874
Dec 199455726,64515.03$8,372
Nov 199439138,67715.90$6,217
Oct 199496151,36215.58$14,972
Sep 19941277,21615.29$183

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.

Jul 2011 — as filed, then multipliedworked
Condensate           118 bbl  × $ 94.14 =    $11,109
Gas                    0 Mcf  × $  4.52 =         $0

────────────────────────────────────────────────────
Month total                                  $11,109

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/151507 is the state's own key, not one this site invented.