TEXAS NORTHERN RAILWAY

Operated by COBRA OPERATING COMPANY (P-5 163006) in the CHANNELVIEW (YEGUA 10,000) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 168975District 03Field 16931495GasSave
Value, all time
$17.0 M
Apr 1998 – Apr 2002
Value, last 12 filed months
$1.3 M
at the published price for each month
Months reported
49
no gaps in the span
Streams
1
gas

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
GasProduction4,845,246 Mcf$17,004,787
Total$17,004,787

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 29.7956, -95.1048. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.79558, -95.10483 · 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
100.0%
1 of 1 wells
Median depth
10,561 ft
1 wells filed one
Completion to plug
4.0 years
median over 1 wells

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 10,561 ft.

Completions filed
Apr 1998
1 of 1 wells
Plug dates filed
Apr 2002
1 of 1 wells

Last completion to plug: a median of 4.0 years across the 1 well that filed both dates, with the middle half between 4.0 years and 4.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-20132525410,561 ftApr 1998Apr 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 (49)

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

49 months

Apr 2002023.653.51$0
Mar 2002022.003.10$0
Feb 2002018.222.38$0
Jan 20021,36617.172.38$3,245
Dec 20013,36016.932.36$7,944
Nov 200110,64718.072.41$25,612
Oct 2001019.782.53$0
Sep 2001024.262.25$0
Aug 2001024.873.05$0
Jul 2001023.933.20$0
Jun 2001132,71524.563.82$507,523
May 2001164,90825.524.31$710,312
Apr 2001173,44424.685.34$925,379
Mar 2001146,89524.545.38$789,772
Feb 2001112,50427.755.77$648,820
Jan 2001153,00027.478.40$1,285,010
Dec 2000143,99126.889.12$1,313,558
Nov 2000131,33732.215.66$743,105
Oct 2000106,07131.235.15$545,788
Sep 2000131,09731.875.19$679,935
Aug 2000145,18329.644.54$659,240
Jul 2000144,74528.534.09$591,971
Jun 2000112,36829.304.40$494,110
May 2000106,47927.263.68$391,816
Apr 2000113,36924.513.12$353,258
Mar 2000131,63028.422.86$376,429
Feb 2000104,68827.622.73$285,432
Jan 2000113,36025.272.48$281,189
Dec 1999122,50024.282.42$296,906
Nov 1999120,00023.192.43$292,079
Oct 1999126,72120.982.80$355,289
Sep 1999101,71121.752.62$266,366
Aug 199961,50619.262.88$176,867
Jul 199964,74317.892.37$153,594
Jun 199971,66915.942.36$169,289
May 1999199,11215.792.32$462,143
Apr 1999175,98615.102.21$388,586
Mar 1999176,26212.471.84$324,028
Feb 1999127,0219.981.82$230,898
Jan 1999178,22510.381.90$338,619
Dec 1998152,9909.201.77$271,300
Nov 1998146,45810.892.19$320,116
Oct 1998127,87412.421.97$251,811
Sep 199895,15812.592.08$198,178
Aug 1998110,11011.301.91$210,018
Jul 1998100,94711.742.24$225,846
Jun 1998101,40511.242.24$226,870
May 199894,42512.622.21$208,334
Apr 19987,26613.042.51$18,204

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.

Jan 2002 — as filed, then multipliedworked
Gas                1,366 Mcf  × $  2.38 =     $3,245

────────────────────────────────────────────────────
Month total                                   $3,245

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/168975 is the state's own key, not one this site invented.