EXACTA

Operated by EVOLUTION OPERATING CO., INC. (P-5 256681) 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 152854District 03Field 347735502 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.7 M
Jan 1995 – Mar 2014
Value, last 12 filed months
$104
at the published price for each month
Months reported
231
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 Gas111995-03-22131747
NGPA1none

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
CondensateDisposition33,890 bbl$645,802
GasProduction975,160 Mcf$1,045,034
Total$1,690,836

703,021 Mcf of this lease's gas, across 24 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 30.3416, -96.4915. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.34156, -96.49146 · 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
14,050 ft
1 wells filed one
Completion to plug
19.2 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 14,050 ft.

Completions filed
Jan 1995
1 of 1 wells
Plug dates filed
Mar 2014
1 of 1 wells

Last completion to plug: a median of 19.2 years across the 1 well that filed both dates, with the middle half between 19.2 years and 19.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-05133451114,050 ftJan 1995Mar 2014Yes

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 (231)

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

231 months

Mar 20140095.895.06$0
Feb 20141197.406.19$104
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
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 200855055.496.86$3,052
Oct 2008444875.246.92$3,643
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 20070382.856.92$21
Sep 20072075.846.24$152
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 200701955.108.22$156
Jan 2007031050.306.73$2,085
Dec 200614558856.656.92$12,282
Nov 2006084454.207.62$6,429
Oct 2006085254.906.01$5,124
Sep 2006081260.085.04$4,090
Aug 2006089468.717.34$6,562
Jul 2006097469.376.34$6,178
Jun 200601,03866.286.38$6,626
May 20061781,17866.016.42$19,318
Apr 200601,16664.397.36$8,582
Mar 2006088156.707.08$6,240
Feb 200601,22557.597.75$9,495
Jan 200601,39360.598.93$12,444
Dec 200501,29054.9413.42$17,306
Nov 20051701,33954.6910.59$23,475
Oct 200501,23558.3413.80$17,038
Sep 200501,27961.4512.08$15,449
Aug 200501,50361.519.80$14,725
Jul 200501,53555.697.84$12,040
Jun 20051761,44252.337.38$19,854
May 200501,25145.226.65$8,321
Apr 200501,30149.207.36$9,576
Mar 200501,33450.377.15$9,545
Feb 200501,30645.226.31$8,243
Jan 200501,49743.166.32$9,464
Dec 20041761,56639.866.75$17,588
Nov 200401,10445.286.33$6,989
Oct 2004092849.706.52$6,046
Sep 200401,10143.245.28$5,818
Aug 2004087942.375.55$4,879
Jul 200401,63938.286.08$9,972
Jun 200402,59636.106.43$16,700
May 200401,41237.486.49$9,170
Apr 200414680134.475.86$9,725
Mar 2004073134.365.53$4,043
Feb 200401,04032.455.51$5,730
Jan 200403,35732.036.30$21,148
Dec 20031813,60830.266.30$28,213
Nov 200303,43628.804.60$15,789
Oct 2003063628.174.76$3,027
Sep 200301,22726.314.75$5,827
Aug 200302,02529.765.13$10,388
Jul 200301,19829.415.17$6,195
Jun 2003063228.565.98$3,781
May 200301,16126.595.97$6,934
Apr 20031641,16126.675.41$10,652
Mar 200303,48131.146.10$21,220
Feb 200303,38533.487.93$26,829
Jan 200331,19130.315.58$6,739
Dec 20020026.914.85$0
Nov 200207824.664.14$323
Oct 2002036526.464.23$1,544
Sep 2002081227.443.64$2,952
Aug 20021071,36225.963.16$7,087
Jul 200242,31724.583.06$7,192
Jun 20021752,29223.733.34$11,804
May 200222,62824.663.58$9,468
Apr 200212,50623.653.51$8,826
Mar 20021752,64322.003.10$12,050
Feb 200202,43118.222.38$5,775
Jan 20021642,79617.172.38$9,458
Dec 200113,89116.932.36$9,217
Nov 20011582,61518.072.41$9,145
Oct 200153,49219.782.53$8,930
Sep 20011573,49224.262.25$11,670
Aug 200133,56524.873.05$10,959
Jul 20011735,03023.933.20$20,221
Jun 20011848,16224.563.82$35,732
May 20013749,31725.524.31$49,676
Apr 200105,71124.685.34$30,470
Mar 2001035224.545.38$1,893
Feb 2001037627.755.77$2,168
Jan 2001746627.478.40$4,106
Dec 2000037826.889.12$3,448
Nov 200016450332.215.66$8,128
Oct 2000052331.235.15$2,691
Sep 2000035631.875.19$1,846
Aug 2000048229.644.54$2,189
Jul 2000029128.534.09$1,190
Jun 200018196029.304.40$9,525
May 200014,46727.263.68$16,465
Apr 2000046324.513.12$1,443
Mar 200018588628.422.86$7,791
Feb 2000161027.622.73$1,691
Jan 2000062425.272.48$1,548
Dec 1999268924.282.42$1,719
Nov 1999077523.192.43$1,886
Oct 199923975120.982.80$7,120
Sep 199901,93921.752.62$5,078
Aug 199917240719.262.88$4,483
Jul 1999052717.892.37$1,250
Jun 19991762,67315.942.36$9,119
May 19990015.792.32$0
Apr 1999047615.102.21$1,051
Mar 1999034712.471.84$638
Feb 19991798519.981.82$3,333
Jan 199901610.381.90$30
Dec 199801,1139.201.77$1,974
Nov 199801,02710.892.19$2,245
Oct 19981781,33612.421.97$4,842
Sep 1998052312.592.08$1,089
Aug 199801,53911.301.91$2,935
Jul 19981791,70911.742.24$5,925
Jun 19981741,04611.242.24$4,296
May 199801,51812.622.21$3,349
Apr 19983601,76713.042.51$9,121
Mar 199803,86712.802.31$8,931
Feb 199804,07313.952.30$9,364
Jan 19983672,90614.702.15$11,657
Dec 19971833,87316.322.41$12,325
Nov 19973615,56618.193.09$23,756
Oct 199702,69219.253.15$8,479
Sep 199702,70417.742.95$7,990
Aug 19973606,38917.862.55$22,752
Jul 199708,53017.582.25$19,166
Jun 19975399,39817.242.26$30,506
May 1997011,00718.972.31$25,410
Apr 199736211,94417.882.08$31,349
Mar 199736012,96218.951.94$31,957
Feb 199717713,15420.492.21$32,643
Jan 19973635,97023.483.54$29,655
Dec 199636214,49623.32$8,442
Nov 199635717,70021.97$7,843
Oct 199655219,44023.31$12,867
Sep 199620121,02322.22$4,466
Aug 199655023,93020.26$11,143
Jul 199654227,51219.55$10,596
Jun 199636428,96018.73$6,818
May 199672411,59519.43$14,067
Apr 199671414,90921.51$15,358
Mar 199691622,30219.38$17,752
Feb 199672924,13916.98$12,378
Jan 199672329,49817.07$12,342
Dec 19951,48916,55717.19$25,596
Nov 19959116,07316.00$14,576
Oct 199572629,03515.43$11,202
Sep 199589524,95516.18$14,481
Aug 199590132,51115.92$14,344
Jul 199572130,52415.24$10,988
Jun 19951,08940,08716.41$17,870
May 19951,43643,35117.56$25,216
Apr 19951,78173,09917.73$31,577
Mar 19952,7691,17816.44$45,522
Feb 19953,18577,45916.58$52,807
Jan 19952,85972,68815.92$45,515

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.

Feb 2014 — as filed, then multipliedworked
Condensate             1 bbl  × $ 97.40 =        $97
Gas                    1 Mcf  × $  6.19 =         $6

────────────────────────────────────────────────────
Month total                                     $104

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/152854 is the state's own key, not one this site invented.