KEYSTONE MILLS

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

Operated by DIASU OIL & GAS CO., INC. (P-5 217035) in the CONROE field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 167122District 03Field 20211001CondensateGasSave Export

Value, all time

$4.3 M

Oct 1997 – Jul 2007

Value, last 12 filed months

$5 k

at the published price for each month

Months reported

118

no gaps in the span

Streams

condensate, gas

The CONROE 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 372 leases and 1,864 wells, and the rule below applies to all of them.

Discovered

1931-12-31

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 1997-06-01.

The Commission's schedule remark for this field reads: “LETTER 5-30-97 - RULES EFFECTIVE 6-1-97.”

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	6,682 bbl	$97,081
Gas	Production	1,128,498 Mcf	$4,232,175
Total			$4,329,256

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 30.2284, -95.3765. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.22842, -95.37649 · 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

5,139 ft

1 wells filed one

Completion to plug

9.8 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 5,139 ft.

Completions filed

Oct 1997

1 of 1 wells

Plug dates filed

Jul 2007

1 of 1 wells

Last completion to plug: a median of 9.8 years across the 1 well that filed both dates, with the middle half between 9.8 years and 9.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-33980255	1	5,139 ft	Oct 1997	Jul 2007	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 (118)

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

118 months


Jul 2007	68	0	70.90	6.39	$4,821
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
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	4,181	61.51	9.80	$40,961
Jul 2005	0	5,492	55.69	7.84	$43,077
Jun 2005	0	5,132	52.33	7.38	$37,880
May 2005	0	5,639	45.22	6.65	$37,506
Apr 2005	0	5,192	49.20	7.36	$38,216
Mar 2005	0	7,067	50.37	7.15	$50,564
Feb 2005	0	7,159	45.22	6.31	$45,187
Jan 2005	0	8,104	43.16	6.32	$51,235
Dec 2004	0	8,761	39.86	6.75	$59,146
Nov 2004	0	8,832	45.28	6.33	$55,910
Oct 2004	0	9,563	49.70	6.52	$62,304
Sep 2004	0	9,354	43.24	5.28	$49,426
Aug 2004	0	9,976	42.37	5.55	$55,373
Jul 2004	0	10,047	38.28	6.08	$61,128
Jun 2004	0	10,608	36.10	6.43	$68,241
May 2004	0	11,159	37.48	6.49	$72,473
Apr 2004	0	10,791	34.47	5.86	$63,219
Mar 2004	0	7,515	34.36	5.53	$41,559
Feb 2004	0	9,166	32.45	5.51	$50,501
Jan 2004	0	10,909	32.03	6.30	$68,723
Dec 2003	0	10,869	30.26	6.30	$68,493
Nov 2003	0	10,608	28.80	4.60	$48,745
Oct 2003	0	13,902	28.17	4.76	$66,169
Sep 2003	0	14,168	26.31	4.75	$67,289
Aug 2003	0	11,880	29.76	5.13	$60,941
Jul 2003	0	13,360	29.41	5.17	$69,082
Jun 2003	0	12,706	28.56	5.98	$76,019
May 2003	0	11,729	26.59	5.97	$70,054
Apr 2003	0	10,367	26.67	5.41	$56,057
Mar 2003	0	10,919	31.14	6.10	$66,563
Feb 2003	0	5,674	33.48	7.93	$44,971
Jan 2003	0	207	30.31	5.58	$1,155
Dec 2002	0	1,278	26.91	4.85	$6,203
Nov 2002	0	55	24.66	4.14	$228
Oct 2002	0	737	26.46	4.23	$3,117
Sep 2002	0	19	27.44	3.64	$69
Aug 2002	0	13	25.96	3.16	$41
Jul 2002	0	36	24.58	3.06	$110
Jun 2002	0	36	23.73	3.34	$120
May 2002	0	18	24.66	3.58	$65
Apr 2002	0	7	23.65	3.51	$25
Mar 2002	0	14	22.00	3.10	$43
Feb 2002	0	2,796	18.22	2.38	$6,642
Jan 2002	0	6,771	17.17	2.38	$16,086
Dec 2001	0	6,591	16.93	2.36	$15,584
Nov 2001	0	7,364	18.07	2.41	$17,714
Oct 2001	0	7,438	19.78	2.53	$18,810
Sep 2001	0	7,423	24.26	2.25	$16,712
Aug 2001	0	8,351	24.87	3.05	$25,497
Jul 2001	0	8,811	23.93	3.20	$28,169
Jun 2001	0	8,895	24.56	3.82	$34,016
May 2001	0	9,621	25.52	4.31	$41,441
Apr 2001	0	9,492	24.68	5.34	$50,643
Mar 2001	0	10,597	24.54	5.38	$56,974
Feb 2001	0	9,809	27.75	5.77	$56,569
Jan 2001	0	11,258	27.47	8.40	$94,553
Dec 2000	0	11,765	26.88	9.12	$107,326
Nov 2000	0	11,732	32.21	5.66	$66,380
Oct 2000	0	12,704	31.23	5.15	$65,368
Sep 2000	0	12,706	31.87	5.19	$65,900
Aug 2000	0	14,826	29.64	4.54	$67,321
Jul 2000	0	16,541	28.53	4.09	$67,649
Jun 2000	0	17,978	29.30	4.40	$79,054
May 2000	0	21,129	27.26	3.68	$77,749
Apr 2000	0	22,607	24.51	3.12	$70,443
Mar 2000	61	26,017	28.42	2.86	$76,136
Feb 2000	0	26,883	27.62	2.73	$73,297
Jan 2000	0	25,430	25.27	2.48	$63,079
Dec 1999	0	22,313	24.28	2.42	$54,080
Nov 1999	171	7,211	23.19	2.43	$21,517
Oct 1999	341	9,338	20.98	2.80	$33,335
Sep 1999	163	9,615	21.75	2.62	$28,725
Aug 1999	170	10,763	19.26	2.88	$34,224
Jul 1999	329	11,815	17.89	2.37	$33,915
Jun 1999	300	12,224	15.94	2.36	$33,656
May 1999	292	13,369	15.79	2.32	$35,640
Apr 1999	335	13,777	15.10	2.21	$35,479
Mar 1999	303	15,688	12.47	1.84	$32,618
Feb 1999	321	15,954	9.98	1.82	$32,205
Jan 1999	330	13,924	10.38	1.90	$29,880
Dec 1998	259	19,927	9.20	1.77	$37,720
Nov 1998	302	18,869	10.89	2.19	$44,531
Oct 1998	312	22,463	12.42	1.97	$48,109
Sep 1998	332	22,891	12.59	2.08	$51,853
Aug 1998	334	24,522	11.30	1.91	$50,546
Jul 1998	559	25,078	11.74	2.24	$62,669
Jun 1998	323	24,831	11.24	2.24	$59,184
May 1998	349	26,512	12.62	2.21	$62,899
Apr 1998	366	26,687	13.04	2.51	$71,632
Mar 1998	184	30,241	12.80	2.31	$72,195
Feb 1998	0	30,077	13.95	2.30	$69,151
Jan 1998	178	33,073	14.70	2.15	$73,882
Dec 1997	0	31,855	16.32	2.41	$76,806
Nov 1997	0	6,697	18.19	3.09	$20,682
Oct 1997	0	0	19.25	3.15	$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.

Jul 2007 — as filed, then multipliedworked

Condensate            68 bbl  × $ 70.90 =     $4,821
Gas                    0 Mcf  × $  6.39 =         $0

────────────────────────────────────────────────────
Month total                                   $4,821

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/167122 is the state's own key, not one this site invented.