GLOVER UNIT

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 157562District 03Field 347735502 tax incentive programmesCondensateGasSaveExport
Value, all time
$450 k
Oct 1995 – Jun 2005
Value, last 12 filed months
$0
at the published price for each month
Months reported
117
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 Gas111996-05-08134793
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
CondensateDisposition6,092 bbl$120,057
GasProduction349,176 Mcf$330,381
Total$450,437

237,041 Mcf of this lease's gas, across 12 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 30.4264, -96.1989. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.42642, -96.19890 · 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
0.0%
0 of 1 wells
Median depth
16,414 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
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 16,414 ft.

Completions filed
Nov 2002
1 of 1 wells

1 well

42-04131870116,414 ftNov 2002Yes

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 (117)

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

117 months

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 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 200297027.443.64$2,662
Aug 2002073125.963.16$2,313
Jul 200215271824.583.06$5,935
Jun 2002076723.733.34$2,560
May 2002066924.663.58$2,398
Apr 2002015023.653.51$527
Mar 2002093222.003.10$2,892
Feb 2002054418.222.38$1,292
Jan 200201,02717.172.38$2,440
Dec 2001098716.932.36$2,334
Nov 2001097418.072.41$2,343
Oct 200101,85119.782.53$4,681
Sep 2001055324.262.25$1,245
Aug 20011711,39324.873.05$8,506
Jul 2001089923.933.20$2,874
Jun 2001067324.563.82$2,574
May 200101,83825.524.31$7,917
Apr 2001058424.685.34$3,116
Mar 200101,33224.545.38$7,161
Feb 2001076727.755.77$4,423
Jan 2001092027.478.40$7,727
Dec 20001381,39126.889.12$16,399
Nov 200001,80432.215.66$10,207
Oct 2000094431.235.15$4,857
Sep 200001,80631.875.19$9,367
Aug 2000049529.644.54$2,248
Jul 20001761,96228.534.09$13,045
Jun 200001,64129.304.40$7,216
May 200001,61027.263.68$5,924
Apr 2000084724.513.12$2,639
Mar 200002,11428.422.86$6,046
Feb 20003612,94327.622.73$17,995
Jan 200003,94925.272.48$9,795
Dec 1999097624.282.42$2,366
Nov 1999082223.192.43$2,001
Oct 199901,95220.982.80$5,473
Sep 1999040021.752.62$1,048
Aug 19991801,31519.262.88$7,248
Jul 199902,30617.892.37$5,471
Jun 1999075515.942.36$1,783
May 199901,12315.792.32$2,607
Apr 199901,29515.102.21$2,859
Mar 19991781,43812.471.84$4,863
Feb 199901,3959.981.82$2,536
Jan 199901,44610.381.90$2,747
Dec 199808059.201.77$1,428
Nov 199801,00910.892.19$2,205
Oct 199801,06612.421.97$2,099
Sep 199802,01212.592.08$4,190
Aug 19981681,80711.301.91$5,345
Jul 1998039611.742.24$886
Jun 199801,07411.242.24$2,403
May 199801,46912.622.21$3,241
Apr 199802,13813.042.51$5,356
Mar 19983602,66612.802.31$10,765
Feb 199801,58713.952.30$3,649
Jan 199801,85014.702.15$3,986
Dec 199701,09616.322.41$2,643
Nov 199702,89018.193.09$8,925
Oct 199702,96719.253.15$9,346
Sep 199704,13217.742.95$12,210
Aug 199701,78817.862.55$4,568
Jul 19971803,16417.582.25$10,274
Jun 199702,31517.242.26$5,225
May 199705,12018.972.31$11,820
Apr 199702,24117.882.08$4,668
Mar 19971842,73718.951.94$8,794
Feb 199706,16420.492.21$13,597
Jan 19971814,60423.483.54$20,547
Dec 19961823,66723.32$4,244
Nov 199604,21021.97$0
Oct 199606,79223.31$0
Sep 19961766,79022.22$3,911
Aug 19961807,13720.26$3,647
Jul 199631612,35519.55$6,178
Jun 199635614,06618.73$6,668
May 1996016,99219.43$0
Apr 199635815,78021.51$7,701
Mar 199654331,81919.38$10,523
Feb 19961,08544,62016.98$18,423
Jan 199637072,81317.07$6,316
Dec 19950017.19$0
Nov 19950016.00$0
Oct 19950015.43$0

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 2002 — as filed, then multipliedworked
Condensate            97 bbl  × $ 27.44 =     $2,662
Gas                    0 Mcf  × $  3.64 =         $0

────────────────────────────────────────────────────
Month total                                   $2,662

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/157562 is the state's own key, not one this site invented.