GRAVES ESTATE(WILCOX)GAS UNIT #1

Name: GRAVES ESTATE(WILCOX)GAS UNIT #1 lease production and value, Oct 1994 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by EOG RESOURCES, INC. (P-5 253162) 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 154137District 03Field 617598002 tax incentive programmesCondensateGasSave Export

Value, all time

$4.0 M

Oct 1994 – May 2006

Value, last 12 filed months

at the published price for each month

Months reported

140

no gaps in the span

Streams

condensate, gas

The MILTON, N. (13000) field

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 32 leases and 32 wells, and the rule below applies to all of them.

Discovered

1963-11-20

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,700 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1994-01-10.

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA SUSPENDED PER OPERATOR REQUEST, EFF 9-1-94.”

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	2001-07-20	144260
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	73,081 bbl	$1,287,204
Gas	Production	2,124,312 Mcf	$2,739,316
Total			$4,026,519

1,235,170 Mcf of this lease's gas, across 27 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 29.9952, -95.4473. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.99517, -95.44728 · 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

12,350 ft

1 wells filed one

Completion to plug

11.6 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 12,350 ft.

Completions filed

Oct 1994

1 of 1 wells

Plug dates filed

May 2006

1 of 1 wells

Last completion to plug: a median of 11.6 years across the 1 well that filed both dates, with the middle half between 11.6 years and 11.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-20132367	1	12,350 ft	Oct 1994	May 2006	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 (140)

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

140 months


May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	6	0	26.31	4.75	$158
Aug 2003	33	2,191	29.76	5.13	$12,221
Jul 2003	55	6,986	29.41	5.17	$37,741
Jun 2003	41	5,827	28.56	5.98	$36,034
May 2003	60	6,686	26.59	5.97	$41,529
Apr 2003	47	6,863	26.67	5.41	$38,364
Mar 2003	158	6,295	31.14	6.10	$43,295
Feb 2003	604	6,272	33.48	7.93	$69,933
Jan 2003	582	5,816	30.31	5.58	$50,106
Dec 2002	716	6,282	26.91	4.85	$49,759
Nov 2002	482	6,493	24.66	4.14	$38,747
Oct 2002	257	6,623	26.46	4.23	$34,810
Sep 2002	216	7,232	27.44	3.64	$32,217
Aug 2002	157	6,143	25.96	3.16	$23,513
Jul 2002	251	7,400	24.58	3.06	$28,827
Jun 2002	185	6,443	23.73	3.34	$25,898
May 2002	172	5,883	24.66	3.58	$25,326
Apr 2002	173	5,142	23.65	3.51	$22,152
Mar 2002	214	5,007	22.00	3.10	$20,243
Feb 2002	202	6,034	18.22	2.38	$18,015
Jan 2002	229	6,829	17.17	2.38	$20,155
Dec 2001	68	6,983	16.93	2.36	$17,662
Nov 2001	111	6,144	18.07	2.41	$16,785
Oct 2001	59	5,858	19.78	2.53	$15,981
Sep 2001	97	5,998	24.26	2.25	$15,857
Aug 2001	103	9,421	24.87	3.05	$31,325
Jul 2001	72	8,199	23.93	3.20	$27,936
Jun 2001	80	8,183	24.56	3.82	$33,258
May 2001	79	7,810	25.52	4.31	$35,656
Apr 2001	80	5,857	24.68	5.34	$33,223
Mar 2001	54	7,945	24.54	5.38	$44,041
Feb 2001	3	9,525	27.75	5.77	$55,015
Jan 2001	4	7,753	27.47	8.40	$65,225
Dec 2000	4	7,677	26.88	9.12	$70,141
Nov 2000	4	8,829	32.21	5.66	$50,083
Oct 2000	4	9,776	31.23	5.15	$50,427
Sep 2000	0	8,501	31.87	5.19	$44,090
Aug 2000	1	7,517	29.64	4.54	$34,162
Jul 2000	4	7,488	28.53	4.09	$30,738
Jun 2000	3	8,482	29.30	4.40	$37,385
May 2000	3	8,982	27.26	3.68	$33,133
Apr 2000	3	9,050	24.51	3.12	$28,273
Mar 2000	0	9,834	28.42	2.86	$28,123
Feb 2000	2	9,115	27.62	2.73	$24,907
Jan 2000	3	9,516	25.27	2.48	$23,680
Dec 1999	4	11,956	24.28	2.42	$29,075
Nov 1999	4	9,577	23.19	2.43	$23,403
Oct 1999	3	10,495	20.98	2.80	$29,488
Sep 1999	3	11,304	21.75	2.62	$29,669
Aug 1999	4	13,364	19.26	2.88	$38,507
Jul 1999	49	15,613	17.89	2.37	$37,916
Jun 1999	414	14,232	15.94	2.36	$40,217
May 1999	358	15,438	15.79	2.32	$41,485
Apr 1999	434	15,714	15.10	2.21	$41,251
Mar 1999	590	18,550	12.47	1.84	$41,458
Feb 1999	483	16,069	9.98	1.82	$34,030
Jan 1999	381	12,455	10.38	1.90	$27,619
Dec 1998	401	11,518	9.20	1.77	$24,114
Nov 1998	331	11,704	10.89	2.19	$29,186
Oct 1998	405	12,847	12.42	1.97	$30,329
Sep 1998	323	13,403	12.59	2.08	$31,980
Aug 1998	365	14,145	11.30	1.91	$31,104
Jul 1998	400	14,607	11.74	2.24	$37,376
Jun 1998	415	16,207	11.24	2.24	$40,924
May 1998	477	17,998	12.62	2.21	$45,729
Apr 1998	411	18,241	13.04	2.51	$51,059
Mar 1998	565	19,088	12.80	2.31	$51,315
Feb 1998	476	15,944	13.95	2.30	$43,298
Jan 1998	436	18,271	14.70	2.15	$45,779
Dec 1997	390	18,557	16.32	2.41	$51,108
Nov 1997	327	17,604	18.19	3.09	$60,314
Oct 1997	310	18,661	19.25	3.15	$64,746
Sep 1997	344	21,071	17.74	2.95	$68,365
Aug 1997	379	22,232	17.86	2.55	$63,566
Jul 1997	437	22,665	17.58	2.25	$58,609
Jun 1997	415	20,307	17.24	2.26	$52,992
May 1997	446	25,633	18.97	2.31	$67,634
Apr 1997	367	21,304	17.88	2.08	$50,934
Mar 1997	7	0	18.95	1.94	$133
Feb 1997	227	7,643	20.49	2.21	$21,511
Jan 1997	662	27,835	23.48	3.54	$114,071
Dec 1996	701	25,302	23.32	—	$16,347
Nov 1996	759	26,950	21.97	—	$16,675
Oct 1996	825	29,024	23.31	—	$19,231
Sep 1996	744	34,292	22.22	—	$16,532
Aug 1996	902	39,666	20.26	—	$18,275
Jul 1996	1,083	39,832	19.55	—	$21,173
Jun 1996	1,970	38,266	18.73	—	$36,898
May 1996	2,194	41,678	19.43	—	$42,629
Apr 1996	2,472	43,499	21.51	—	$53,173
Mar 1996	2,402	47,809	19.38	—	$46,551
Feb 1996	2,501	37,858	16.98	—	$42,467
Jan 1996	2,688	40,734	17.07	—	$45,884
Dec 1995	2,379	40,136	17.19	—	$40,895
Nov 1995	2,764	39,218	16.00	—	$44,224
Oct 1995	2,783	38,482	15.43	—	$42,942
Sep 1995	2,530	38,539	16.18	—	$40,935
Aug 1995	2,782	42,677	15.92	—	$44,289
Jul 1995	1,889	49,329	15.24	—	$28,788
Jun 1995	1,813	50,441	16.41	—	$29,751
May 1995	1,906	56,416	17.56	—	$33,469
Apr 1995	2,232	57,209	17.73	—	$39,573
Mar 1995	2,224	64,472	16.44	—	$36,563
Feb 1995	2,660	66,724	16.58	—	$44,103
Jan 1995	3,088	79,342	15.92	—	$49,161
Dec 1994	3,030	78,249	15.03	—	$45,541
Nov 1994	3,514	72,382	15.90	—	$55,873
Oct 1994	522	16,644	15.58	—	$8,133

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.

Sep 2003 — as filed, then multipliedworked

Condensate             6 bbl  × $ 26.31 =       $158
Gas                    0 Mcf  × $  4.75 =         $0

────────────────────────────────────────────────────
Month total                                     $158

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/154137 is the state's own key, not one this site invented.