I. P. FARMS 366 AC. GAS UNIT

Name: I. P. FARMS 366 AC. GAS UNIT lease production and value, Apr 2000 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by RUTHERFORD OIL CORPORATION (P-5 738100) in the CHOCOLATE BAYOU, S. (LHF-FRIO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 177445District 03Field 17920299CondensateGasSave Export

Value, all time

$6.4 M

Apr 2000 – Oct 2012

Value, last 12 filed months

at the published price for each month

Months reported

151

no gaps in the span

Streams

condensate, gas

The CHOCOLATE BAYOU, S. (LHF-FRIO) 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 2 leases and 2 wells, and the rule below applies to all of them.

Discovered

1997-12-24

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

The Commission's schedule remark for this field reads: “ONE WELL FIELD EFF 1-1-03”

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	30,718 bbl	$883,442
Gas	Production	1,156,945 Mcf	$5,528,603
Total			$6,412,044

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 29.2757, -95.1449. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.27568, -95.14489 · 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

14,700 ft

1 wells filed one

Completion to plug

9.4 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 14,700 ft.

Completions filed

Apr 2000

1 of 1 wells

Plug dates filed

Sep 2009

1 of 1 wells

Last completion to plug: a median of 9.4 years across the 1 well that filed both dates, with the middle half between 9.4 years and 9.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-03932691	7	14,700 ft	Apr 2000	Sep 2009	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 (151)

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

151 months


Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
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	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	132	1,132	50.37	7.15	$14,748
Feb 2005	120	3,563	45.22	6.31	$27,916
Jan 2005	345	4,249	43.16	6.32	$41,753
Dec 2004	89	4,078	39.86	6.75	$31,078
Nov 2004	109	3,448	45.28	6.33	$26,763
Oct 2004	165	4,775	49.70	6.52	$39,310
Sep 2004	286	4,935	43.24	5.28	$38,443
Aug 2004	191	4,710	42.37	5.55	$34,236
Jul 2004	121	2,649	38.28	6.08	$20,749
Jun 2004	525	5,148	36.10	6.43	$52,070
May 2004	304	5,503	37.48	6.49	$47,134
Apr 2004	301	4,968	34.47	5.86	$39,480
Mar 2004	189	4,721	34.36	5.53	$32,602
Feb 2004	317	4,566	32.45	5.51	$35,444
Jan 2004	466	5,013	32.03	6.30	$46,506
Dec 2003	135	4,557	30.26	6.30	$32,802
Nov 2003	260	4,340	28.80	4.60	$27,431
Oct 2003	187	5,266	28.17	4.76	$30,332
Sep 2003	451	5,156	26.31	4.75	$36,354
Aug 2003	119	5,174	29.76	5.13	$30,083
Jul 2003	166	5,630	29.41	5.17	$33,994
Jun 2003	367	5,230	28.56	5.98	$41,772
May 2003	122	5,912	26.59	5.97	$38,554
Apr 2003	601	5,977	26.67	5.41	$48,348
Mar 2003	93	6,431	31.14	6.10	$42,100
Feb 2003	504	6,208	33.48	7.93	$66,078
Jan 2003	209	7,210	30.31	5.58	$46,581
Dec 2002	241	7,491	26.91	4.85	$42,845
Nov 2002	291	7,292	24.66	4.14	$37,343
Oct 2002	73	7,197	26.46	4.23	$32,369
Sep 2002	123	6,962	27.44	3.64	$28,683
Aug 2002	242	7,282	25.96	3.16	$29,324
Jul 2002	200	6,634	24.58	3.06	$25,228
Jun 2002	110	8,023	23.73	3.34	$29,393
May 2002	448	9,874	24.66	3.58	$46,436
Apr 2002	312	11,065	23.65	3.51	$46,243
Mar 2002	222	13,161	22.00	3.10	$45,719
Feb 2002	288	11,046	18.22	2.38	$31,489
Jan 2002	409	13,631	17.17	2.38	$39,405
Dec 2001	460	13,259	16.93	2.36	$39,137
Nov 2001	226	15,428	18.07	2.41	$41,196
Oct 2001	400	17,183	19.78	2.53	$51,366
Sep 2001	640	15,880	24.26	2.25	$51,277
Aug 2001	46	14,017	24.87	3.05	$43,940
Jul 2001	397	15,418	23.93	3.20	$58,793
Jun 2001	459	22,732	24.56	3.82	$98,204
May 2001	761	23,828	25.52	4.31	$122,056
Apr 2001	873	27,671	24.68	5.34	$169,179
Mar 2001	486	30,535	24.54	5.38	$176,096
Feb 2001	854	33,434	27.75	5.77	$216,515
Jan 2001	1,268	40,807	27.47	8.40	$377,560
Dec 2000	1,029	44,594	26.88	9.12	$434,468
Nov 2000	1,233	51,669	32.21	5.66	$332,058
Oct 2000	1,129	58,546	31.23	5.15	$336,507
Sep 2000	1,437	71,974	31.87	5.19	$419,090
Aug 2000	1,970	80,018	29.64	4.54	$421,733
Jul 2000	1,978	102,439	28.53	4.09	$475,382
Jun 2000	3,043	124,851	29.30	4.40	$638,161
May 2000	2,196	109,830	27.26	3.68	$464,010
Apr 2000	0	2,625	24.51	3.12	$8,180

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 2005 — as filed, then multipliedworked

Condensate           132 bbl  × $ 50.37 =     $6,649
Gas                1,132 Mcf  × $  7.15 =     $8,099

────────────────────────────────────────────────────
Month total                                  $14,748

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/177445 is the state's own key, not one this site invented.