BRADY

Name: BRADY lease production and value, Jul 1994 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SETEX OIL AND GAS COMPANY (P-5 767793) in the NORTH ZULCH (L-D-B-G) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 155431District 03Field 66082200CondensateGasSave Export

Value, all time

$161 k

Jul 1994 – Aug 2002

Value, last 12 filed months

$2 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The NORTH ZULCH (L-D-B-G) 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 13 leases and 13 wells, and the rule below applies to all of them.

Discovered

1977-05-30

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,320 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1979-06-12.

The Commission's schedule remark for this field reads: “OPTIONAL 80 ACRE UNITS. DKT #3-71,073”

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	965 bbl	$17,821
Gas	Production	98,881 Mcf	$143,268
Total			$161,090

45,926 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 30.8195, -96.0401. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.81948, -96.04013 · 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

9,961 ft

1 wells filed one

Completion to plug

11.8 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 9,961 ft.

Completions filed

Sep 2001

1 of 1 wells

Plug dates filed

Jul 2013

1 of 1 wells

Last completion to plug: a median of 11.8 years across the 1 well that filed both dates, with the middle half between 11.8 years and 11.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-18530390	1-T	9,961 ft	Sep 2001	Jul 2013	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 (98)

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

98 months


Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	0	24.66	3.58	$0
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	79	0	19.78	2.53	$1,563
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	0	388	31.23	5.15	$1,996
Sep 2000	0	484	31.87	5.19	$2,510
Aug 2000	0	470	29.64	4.54	$2,134
Jul 2000	0	3,421	28.53	4.09	$13,991
Jun 2000	0	1,773	29.30	4.40	$7,796
May 2000	0	1,325	27.26	3.68	$4,876
Apr 2000	0	2,178	24.51	3.12	$6,787
Mar 2000	0	2,107	28.42	2.86	$6,025
Feb 2000	0	2,300	27.62	2.73	$6,271
Jan 2000	0	2,017	25.27	2.48	$5,003
Dec 1999	0	1,962	24.28	2.42	$4,755
Nov 1999	0	1,937	23.19	2.43	$4,715
Oct 1999	0	1,829	20.98	2.80	$5,128
Sep 1999	238	2,118	21.75	2.62	$10,723
Aug 1999	0	2,187	19.26	2.88	$6,289
Jul 1999	0	1,974	17.89	2.37	$4,683
Jun 1999	0	1,651	15.94	2.36	$3,900
May 1999	0	1,731	15.79	2.32	$4,018
Apr 1999	0	1,666	15.10	2.21	$3,679
Mar 1999	0	1,404	12.47	1.84	$2,581
Feb 1999	0	1,931	9.98	1.82	$3,510
Jan 1999	0	1,160	10.38	1.90	$2,204
Dec 1998	0	261	9.20	1.77	$463
Nov 1998	0	977	10.89	2.19	$2,135
Oct 1998	0	394	12.42	1.97	$776
Sep 1998	0	210	12.59	2.08	$437
Aug 1998	0	169	11.30	1.91	$322
Jul 1998	0	79	11.74	2.24	$177
Jun 1998	0	142	11.24	2.24	$318
May 1998	0	2,132	12.62	2.21	$4,704
Apr 1998	0	1,400	13.04	2.51	$3,507
Mar 1998	0	64	12.80	2.31	$148
Feb 1998	0	162	13.95	2.30	$372
Jan 1998	0	3	14.70	2.15	$6
Dec 1997	0	2,431	16.32	2.41	$5,861
Nov 1997	0	1,329	18.19	3.09	$4,104
Oct 1997	0	340	19.25	3.15	$1,071
Sep 1997	0	165	17.74	2.95	$488
Aug 1997	0	455	17.86	2.55	$1,162
Jul 1997	165	88	17.58	2.25	$3,098
Jun 1997	0	116	17.24	2.26	$262
May 1997	0	55	18.97	2.31	$127
Apr 1997	0	35	17.88	2.08	$73
Mar 1997	0	2,538	18.95	1.94	$4,922
Feb 1997	0	1,281	20.49	2.21	$2,826
Jan 1997	0	116	23.48	3.54	$411
Dec 1996	0	664	23.32	—	$0
Nov 1996	0	468	21.97	—	$0
Oct 1996	0	170	23.31	—	$0
Sep 1996	0	40	22.22	—	$0
Aug 1996	0	45	20.26	—	$0
Jul 1996	0	32	19.55	—	$0
Jun 1996	0	0	18.73	—	$0
May 1996	0	184	19.43	—	$0
Apr 1996	0	1,586	21.51	—	$0
Mar 1996	0	2,042	19.38	—	$0
Feb 1996	0	633	16.98	—	$0
Jan 1996	0	1,870	17.07	—	$0
Dec 1995	0	0	17.19	—	$0
Nov 1995	0	52	16.00	—	$0
Oct 1995	0	36	15.43	—	$0
Sep 1995	0	36	16.18	—	$0
Aug 1995	183	2,494	15.92	—	$2,913
Jul 1995	0	1,633	15.24	—	$0
Jun 1995	0	3,846	16.41	—	$0
May 1995	166	7,030	17.56	—	$2,915
Apr 1995	0	7,876	17.73	—	$0
Mar 1995	0	617	16.44	—	$0
Feb 1995	0	438	16.58	—	$0
Jan 1995	0	1,524	15.92	—	$0
Dec 1994	0	2,839	15.03	—	$0
Nov 1994	0	3,688	15.90	—	$0
Oct 1994	0	4,145	15.58	—	$0
Sep 1994	0	1,528	15.29	—	$0
Aug 1994	0	410	16.13	—	$0
Jul 1994	134	0	17.56	—	$2,353

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.

Oct 2001 — as filed, then multipliedworked

Condensate            79 bbl  × $ 19.78 =     $1,563
Gas                    0 Mcf  × $  2.53 =         $0

────────────────────────────────────────────────────
Month total                                   $1,563

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/155431 is the state's own key, not one this site invented.