M PLUS LAND

Name: M PLUS LAND lease production and value, Aug 1996 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by COX & PERKINS EXPLORATION, INC. (P-5 183345) in the GRACEY RANCH (YEGUA 6850) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 160816District 03Field 36241495CondensateGasSave Export

Value, all time

$9.1 M

Aug 1996 – Nov 2001

Value, last 12 filed months

$6 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The GRACEY RANCH (YEGUA 6850) 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 7 leases and 7 wells, and the rule below applies to all of them.

Discovered

1996-07-17

as the register files it

Field class

Oil and gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 12/01/98.”

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	40,135 bbl	$755,323
Gas	Production	3,592,766 Mcf	$8,374,367
Total			$9,129,690

224,635 Mcf of this lease's gas, across 4 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 29.4805, -96.3730. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.48045, -96.37303 · 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

7,018 ft

1 wells filed one

Completion to plug

10 months

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 7,018 ft.

Completions filed

Jul 2001

1 of 1 wells

Plug dates filed

May 2002

1 of 1 wells

Last completion to plug: a median of 10 months across the 1 well that filed both dates, with the middle half between 10 months and 10 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-08931994	1	7,018 ft	Jul 2001	May 2002	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 (64)

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

64 months


Nov 2001	0	0	18.07	2.41	$0
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	8	0	24.26	2.25	$194
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	114	0	25.52	4.31	$2,909
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	169	27.47	8.40	$1,419
Dec 2000	0	174	26.88	9.12	$1,587
Nov 2000	178	5,301	32.21	5.66	$35,726
Oct 2000	358	9,496	31.23	5.15	$60,042
Sep 2000	348	10,240	31.87	5.19	$64,201
Aug 2000	175	9,904	29.64	4.54	$50,159
Jul 2000	355	12,007	28.53	4.09	$59,234
Jun 2000	344	13,954	29.30	4.40	$71,438
May 2000	535	16,639	27.26	3.68	$75,811
Apr 2000	183	17,928	24.51	3.12	$60,349
Mar 2000	364	18,979	28.42	2.86	$64,620
Feb 2000	183	21,248	27.62	2.73	$62,987
Jan 2000	356	22,532	25.27	2.48	$64,887
Dec 1999	184	23,255	24.28	2.42	$60,831
Nov 1999	439	20,135	23.19	2.43	$59,189
Oct 1999	183	23,627	20.98	2.80	$70,083
Sep 1999	179	21,225	21.75	2.62	$59,478
Aug 1999	180	12,598	19.26	2.88	$39,694
Jul 1999	171	22,587	17.89	2.37	$56,644
Jun 1999	353	31,245	15.94	2.36	$79,431
May 1999	537	39,806	15.79	2.32	$100,870
Apr 1999	367	43,648	15.10	2.21	$101,919
Mar 1999	362	53,039	12.47	1.84	$102,017
Feb 1999	362	48,254	9.98	1.82	$91,328
Jan 1999	536	56,677	10.38	1.90	$113,247
Dec 1998	460	54,151	9.20	1.77	$100,259
Nov 1998	522	60,921	10.89	2.19	$138,841
Oct 1998	353	41,954	12.42	1.97	$87,001
Sep 1998	354	47,456	12.59	2.08	$103,290
Aug 1998	174	49,594	11.30	1.91	$96,559
Jul 1998	644	86,468	11.74	2.24	$201,013
Jun 1998	714	102,027	11.24	2.24	$236,287
May 1998	528	116,901	12.62	2.21	$264,587
Apr 1998	700	119,162	13.04	2.51	$307,668
Mar 1998	846	110,513	12.80	2.31	$266,052
Feb 1998	898	108,759	13.95	2.30	$262,578
Jan 1998	1,094	130,009	14.70	2.15	$296,224
Dec 1997	1,098	132,447	16.32	2.41	$337,262
Nov 1997	1,431	142,680	18.19	3.09	$466,663
Oct 1997	1,251	151,550	19.25	3.15	$501,437
Sep 1997	1,775	157,213	17.74	2.95	$496,034
Aug 1997	1,747	160,805	17.86	2.55	$442,016
Jul 1997	1,951	163,830	17.58	2.25	$402,415
Jun 1997	180	3,410	17.24	2.26	$10,800
May 1997	2,329	174,475	18.97	2.31	$446,957
Apr 1997	2,520	174,661	17.88	2.08	$408,838
Mar 1997	2,121	137,655	18.95	1.94	$307,125
Feb 1997	2,552	175,263	20.49	2.21	$438,903
Jan 1997	2,915	211,560	23.48	3.54	$817,303
Dec 1996	1,821	107,197	23.32	—	$42,466
Nov 1996	903	53,914	21.97	—	$19,839
Oct 1996	900	63,520	23.31	—	$20,979
Sep 1996	0	4	22.22	—	$0
Aug 1996	0	0	20.26	—	$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 2001 — as filed, then multipliedworked

Condensate             8 bbl  × $ 24.26 =       $194
Gas                    0 Mcf  × $  2.25 =         $0

────────────────────────────────────────────────────
Month total                                     $194

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/160816 is the state's own key, not one this site invented.