BRADEN, W. A.

Operated by KAISER-FRANCIS OIL COMPANY (P-5 450175) in the SHERIDAN, SE. (LOWER WILCOX AA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 174988District 03Field 831122402 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.2 M
Jun 1999 – Oct 2012
Value, last 12 filed months
$15 k
at the published price for each month
Months reported
161
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 leases and 1 wells, and the rule below applies to all of them.

Discovered
1999-06-24
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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 Gas112003-02-11150475
NGPA2none

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
CondensateDisposition1,018 bbl$75,523
GasProduction543,130 Mcf$2,095,571
Total$2,171,093

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 29.4629, -96.5512. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.46286, -96.55121 · 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
16,000 ft
1 wells filed one
Completion to plug
6.9 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 16,000 ft.

Completions filed
Nov 2005
1 of 1 wells
Plug dates filed
Oct 2012
1 of 1 wells

Last completion to plug: a median of 6.9 years across the 1 well that filed both dates, with the middle half between 6.9 years and 6.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-08932108116,000 ftNov 2005Oct 2012Yes

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 (161)

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

161 months

Oct 2012169089.383.40$15,105
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 2010024971.124.24$1,055
Apr 2010037781.694.12$1,554
Mar 2010034578.394.39$1,514
Feb 2010029873.585.44$1,622
Jan 2010028474.365.96$1,694
Dec 2009024971.445.48$1,365
Nov 2009033974.593.75$1,272
Oct 2009033972.544.11$1,393
Sep 2009018365.543.06$561
Aug 2009032467.423.22$1,043
Jul 2009019561.133.46$676
Jun 200917925966.163.90$12,851
May 2009037154.743.93$1,456
Apr 2009046146.773.59$1,654
Mar 200909642.144.06$390
Feb 2009024232.814.63$1,121
Jan 2009039835.865.37$2,138
Dec 2008041237.105.98$2,463
Nov 2008027755.496.86$1,900
Oct 200801775.246.92$118
Sep 20080132101.767.88$1,040
Aug 20080252114.228.48$2,138
Jul 20080388131.0811.39$4,419
Jun 20080412131.3313.03$5,369
May 2008153347123.1711.57$22,861
Apr 20080417110.3110.45$4,360
Mar 20080542101.909.66$5,238
Feb 2008036692.538.77$3,210
Jan 2008049190.388.21$4,029
Dec 2007057788.337.30$4,213
Nov 2007061591.677.29$4,484
Oct 2007039682.856.92$2,741
Sep 200718147975.846.24$16,718
Aug 2007052869.066.39$3,373
Jul 2007042270.906.39$2,696
Jun 2007038362.007.55$2,891
May 2007065158.747.85$5,108
Apr 2007069459.617.81$5,417
Mar 2007080956.927.30$5,907
Feb 2007048055.108.22$3,944
Jan 2007063350.306.73$4,258
Dec 200601,00556.656.92$6,953
Nov 2006035454.207.62$2,697
Oct 2006030454.906.01$1,828
Sep 2006062460.085.04$3,143
Aug 200617667068.717.34$17,011
Jul 2006052269.376.34$3,311
Jun 2006062666.286.38$3,996
May 2006081166.016.42$5,211
Apr 2006095764.397.36$7,044
Mar 2006084456.707.08$5,978
Feb 2006090057.597.75$6,976
Jan 2006099860.598.93$8,915
Dec 2005091554.9413.42$12,275
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 2005045652.337.38$3,366
May 200501,15445.226.65$7,675
Apr 200501,05849.207.36$7,787
Mar 200501,34450.377.15$9,616
Feb 200501,15445.226.31$7,284
Jan 200501,06643.166.32$6,739
Dec 200401,02539.866.75$6,920
Nov 200401,04645.286.33$6,622
Oct 200401,15149.706.52$7,499
Sep 200401,36043.245.28$7,186
Aug 200401,39942.375.55$7,765
Jul 200401,19738.286.08$7,283
Jun 200401,15836.106.43$7,449
May 200401,46337.486.49$9,502
Apr 200401,59134.475.86$9,321
Mar 200401,35134.365.53$7,471
Feb 200401,23832.455.51$6,821
Jan 200401,78432.036.30$11,239
Dec 200301,37230.266.30$8,646
Nov 200301,13128.804.60$5,197
Oct 200301,32128.174.76$6,287
Sep 2003060526.314.75$2,873
Aug 200301,98929.765.13$10,203
Jul 200302,34529.415.17$12,126
Jun 200301,63028.565.98$9,752
May 200302,61626.595.97$15,625
Apr 200302,45226.675.41$13,259
Mar 200301,90531.146.10$11,613
Feb 200302,14033.487.93$16,961
Jan 200302,43630.315.58$13,598
Dec 200201,82026.914.85$8,834
Nov 200202,76924.664.14$11,455
Oct 200202,67926.464.23$11,330
Sep 200203,23627.443.64$11,764
Aug 200203,17325.963.16$10,040
Jul 200203,59924.583.06$11,019
Jun 200203,32923.733.34$11,113
May 200203,72824.663.58$13,361
Apr 200203,76523.653.51$13,224
Mar 200203,78222.003.10$11,734
Feb 200203,95318.222.38$9,391
Jan 200203,77817.172.38$8,975
Dec 200102,56816.932.36$6,072
Nov 200104,45418.072.41$10,714
Oct 200105,03819.782.53$12,741
Sep 20011324,84424.262.25$14,108
Aug 200105,38424.873.05$16,438
Jul 200105,72923.933.20$18,316
Jun 200105,83724.563.82$22,322
May 200106,66925.524.31$28,726
Apr 200107,03824.685.34$37,550
Mar 200108,16824.545.38$43,915
Feb 200107,11827.755.77$41,050
Jan 200108,01527.478.40$67,316
Dec 200008,86826.889.12$80,898
Nov 200009,57632.215.66$54,181
Oct 2000010,94931.235.15$56,338
Sep 2000011,65331.875.19$60,438
Aug 2000013,30629.644.54$60,419
Jul 2000014,39728.534.09$58,880
Jun 2000015,52029.304.40$68,245
May 2000017,51927.263.68$64,466
Apr 2000017,50524.513.12$54,546
Mar 2000019,48528.422.86$55,722
Feb 2000020,92927.622.73$57,063
Jan 20002825,62325.272.48$64,265
Dec 1999029,86824.282.42$72,392
Nov 1999033,34723.192.43$81,166
Oct 1999041,26020.982.80$115,681
Sep 1999051,80821.752.62$135,677
Aug 1999021,84819.262.88$62,826
Jul 19990017.892.37$0
Jun 19990015.942.36$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.

Oct 2012 — as filed, then multipliedworked
Condensate           169 bbl  × $ 89.38 =    $15,105
Gas                    0 Mcf  × $  3.40 =         $0

────────────────────────────────────────────────────
Month total                                  $15,105

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/174988 is the state's own key, not one this site invented.