CRAIG

Name: CRAIG lease production and value, Aug 1997 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by ETOCO INCORPORATED (P-5 255130) in the SRALLA ROAD (JACKSON, W.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 166506District 03Field 85446250CondensateGasSave Export

Value, all time

$6.1 M

Aug 1997 – Aug 2002

Value, last 12 filed months

$67 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The SRALLA ROAD (JACKSON, W.) 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 17 leases and 18 wells, and the rule below applies to all of them.

Discovered

1995-09-08

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

467 ft

minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1997-06-03.

The Commission's schedule remark for this field reads: “PER DOCKET 3-0215943 EFF 6-3-97, RULES MADE PERMANENT.”

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	23,626 bbl	$406,989
Gas	Production	1,816,458 Mcf	$5,669,340
Total			$6,076,329

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 29.8352, -95.0554. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.83521, -95.05538 · 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

9,311 ft

1 wells filed one

Completion to plug

4.4 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 9,311 ft.

Completions filed

Aug 1997

1 of 1 wells

Plug dates filed

Jan 2002

1 of 1 wells

Last completion to plug: a median of 4.4 years across the 1 well that filed both dates, with the middle half between 4.4 years and 4.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-20132494	1	9,311 ft	Aug 1997	Jan 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 (61)

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

61 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	240	0	22.00	3.10	$5,280
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	833	16.93	2.36	$1,970
Nov 2001	0	1,788	18.07	2.41	$4,301
Oct 2001	0	8,561	19.78	2.53	$21,650
Sep 2001	188	12,873	24.26	2.25	$33,542
Aug 2001	0	8,403	24.87	3.05	$25,656
Jul 2001	172	16,654	23.93	3.20	$57,360
Jun 2001	150	19,094	24.56	3.82	$76,703
May 2001	174	21,366	25.52	4.31	$96,471
Apr 2001	373	22,908	24.68	5.34	$131,427
Mar 2001	178	25,244	24.54	5.38	$140,091
Feb 2001	370	30,397	27.75	5.77	$185,569
Jan 2001	367	31,484	27.47	8.40	$274,508
Dec 2000	369	33,190	26.88	9.12	$312,695
Nov 2000	186	34,750	32.21	5.66	$202,607
Oct 2000	171	37,347	31.23	5.15	$197,509
Sep 2000	0	29,061	31.87	5.19	$150,725
Aug 2000	176	40,050	29.64	4.54	$187,074
Jul 2000	171	38,343	28.53	4.09	$161,692
Jun 2000	179	36,849	29.30	4.40	$167,279
May 2000	195	42,193	27.26	3.68	$160,575
Apr 2000	193	37,594	24.51	3.12	$121,873
Mar 2000	195	41,140	28.42	2.86	$123,192
Feb 2000	182	40,717	27.62	2.73	$116,042
Jan 2000	339	40,402	25.27	2.48	$108,784
Dec 1999	365	42,919	24.28	2.42	$112,886
Nov 1999	362	42,589	23.19	2.43	$112,056
Oct 1999	350	42,405	20.98	2.80	$126,234
Sep 1999	344	42,006	21.75	2.62	$117,489
Aug 1999	351	39,495	19.26	2.88	$120,332
Jul 1999	500	43,651	17.89	2.37	$112,501
Jun 1999	363	37,078	15.94	2.36	$93,368
May 1999	429	41,444	15.79	2.32	$102,966
Apr 1999	334	39,988	15.10	2.21	$93,339
Mar 1999	422	41,828	12.47	1.84	$82,156
Feb 1999	562	38,041	9.98	1.82	$74,759
Jan 1999	546	43,612	10.38	1.90	$88,528
Dec 1998	702	43,958	9.20	1.77	$84,410
Nov 1998	596	43,032	10.89	2.19	$100,546
Oct 1998	549	40,876	12.42	1.97	$87,312
Sep 1998	744	38,292	12.59	2.08	$89,115
Aug 1998	559	38,857	11.30	1.91	$80,431
Jul 1998	546	38,660	11.74	2.24	$92,903
Jun 1998	874	41,022	11.24	2.24	$101,601
May 1998	719	43,092	12.62	2.21	$104,149
Apr 1998	915	42,695	13.04	2.51	$118,897
Mar 1998	927	40,086	12.80	2.31	$104,442
Feb 1998	811	34,600	13.95	2.30	$90,863
Jan 1998	963	39,889	14.70	2.15	$100,109
Dec 1997	1,254	44,089	16.32	2.41	$126,768
Nov 1997	946	40,726	18.19	3.09	$142,980
Oct 1997	1,229	39,732	19.25	3.15	$148,807
Sep 1997	1,245	37,932	17.74	2.95	$134,171
Aug 1997	551	22,623	17.86	2.55	$67,637

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.

Mar 2002 — as filed, then multipliedworked

Condensate           240 bbl  × $ 22.00 =     $5,280
Gas                    0 Mcf  × $  3.10 =         $0

────────────────────────────────────────────────────
Month total                                   $5,280

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/166506 is the state's own key, not one this site invented.