LOVELLS LAKE GAS UNIT 1

Name: LOVELLS LAKE GAS UNIT 1 lease production and value, Sep 2000 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by MILESTONE OPERATING, INC. (P-5 567103) in the LOVELLS LAKE (MARG. 7500) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 179569District 03Field 55184740CondensateGasSave Export

Value, all time

$530 k

Sep 2000 – May 2008

Value, last 12 filed months

$57 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The LOVELLS LAKE (MARG. 7500) 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 17 wells, and the rule below applies to all of them.

Discovered

1996-04-17

as the register files it

Field class

Oil and 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: “AOF-1 AND AOF-2 EFFECTIVE 06/01/97.”

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	972 bbl	$51,484
Gas	Production	83,554 Mcf	$478,823
Total			$530,308

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 29.9384, -94.1322. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.93841, -94.13223 · 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

0.0%

0 of 1 wells

Median depth

7,800 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

00.0%

BothOn the schedule and plugged. Neither fact cancels the other.

00.0%

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 7,800 ft.

Completions filed

Sep 2000

1 of 1 wells

1 well


42-24501733	7	7,800 ft	Sep 2000	—	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 (93)

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

93 months


May 2008	2	0	123.17	11.57	$246
Apr 2008	18	345	110.31	10.45	$5,593
Mar 2008	16	419	101.90	9.66	$5,680
Feb 2008	22	638	92.53	8.77	$7,631
Jan 2008	24	662	90.38	8.21	$7,601
Dec 2007	21	558	88.33	7.30	$5,929
Nov 2007	8	540	91.67	7.29	$4,671
Oct 2007	8	503	82.85	6.92	$4,145
Sep 2007	8	525	75.84	6.24	$3,885
Aug 2007	14	425	69.06	6.39	$3,682
Jul 2007	10	465	70.90	6.39	$3,679
Jun 2007	11	535	62.00	7.55	$4,720
May 2007	14	465	58.74	7.85	$4,471
Apr 2007	13	645	59.61	7.81	$5,809
Mar 2007	14	450	56.92	7.30	$4,083
Feb 2007	10	434	55.10	8.22	$4,117
Jan 2007	13	481	50.30	6.73	$3,890
Dec 2006	12	481	56.65	6.92	$4,008
Nov 2006	12	465	54.20	7.62	$4,193
Oct 2006	14	574	54.90	6.01	$4,221
Sep 2006	15	505	60.08	5.04	$3,445
Aug 2006	10	392	68.71	7.34	$3,564
Jul 2006	7	512	69.37	6.34	$3,733
Jun 2006	6	465	66.28	6.38	$3,366
May 2006	7	419	66.01	6.42	$3,154
Apr 2006	6	435	64.39	7.36	$3,588
Mar 2006	10	543	56.70	7.08	$4,413
Feb 2006	11	420	57.59	7.75	$3,889
Jan 2006	12	481	60.59	8.93	$5,024
Dec 2005	10	608	54.94	13.42	$8,706
Nov 2005	10	440	54.69	10.59	$5,206
Oct 2005	10	442	58.34	13.80	$6,681
Sep 2005	11	320	61.45	12.08	$4,541
Aug 2005	20	496	61.51	9.80	$6,089
Jul 2005	19	501	55.69	7.84	$4,988
Jun 2005	17	805	52.33	7.38	$6,831
May 2005	17	534	45.22	6.65	$4,320
Apr 2005	17	514	49.20	7.36	$4,620
Mar 2005	16	552	50.37	7.15	$4,755
Feb 2005	18	668	45.22	6.31	$5,030
Jan 2005	13	583	43.16	6.32	$4,247
Dec 2004	17	419	39.86	6.75	$3,506
Nov 2004	19	702	45.28	6.33	$5,304
Oct 2004	38	510	49.70	6.52	$5,211
Sep 2004	85	284	43.24	5.28	$5,176
Aug 2004	44	288	42.37	5.55	$3,463
Jul 2004	60	335	38.28	6.08	$4,335
Jun 2004	35	675	36.10	6.43	$5,606
May 2004	0	1,084	37.48	6.49	$7,040
Apr 2004	0	875	34.47	5.86	$5,126
Mar 2004	0	579	34.36	5.53	$3,202
Feb 2004	0	646	32.45	5.51	$3,559
Jan 2004	0	465	32.03	6.30	$2,929
Dec 2003	0	599	30.26	6.30	$3,775
Nov 2003	0	631	28.80	4.60	$2,900
Oct 2003	0	612	28.17	4.76	$2,913
Sep 2003	4	701	26.31	4.75	$3,435
Aug 2003	0	568	29.76	5.13	$2,914
Jul 2003	0	674	29.41	5.17	$3,485
Jun 2003	0	433	28.56	5.98	$2,591
May 2003	0	597	26.59	5.97	$3,566
Apr 2003	1	496	26.67	5.41	$2,709
Mar 2003	9	890	31.14	6.10	$5,706
Feb 2003	10	577	33.48	7.93	$4,908
Jan 2003	28	1,163	30.31	5.58	$7,341
Dec 2002	0	399	26.91	4.85	$1,937
Nov 2002	0	531	24.66	4.14	$2,197
Oct 2002	0	789	26.46	4.23	$3,337
Sep 2002	0	706	27.44	3.64	$2,566
Aug 2002	0	434	25.96	3.16	$1,373
Jul 2002	0	476	24.58	3.06	$1,457
Jun 2002	0	534	23.73	3.34	$1,783
May 2002	0	1,201	24.66	3.58	$4,304
Apr 2002	0	1,034	23.65	3.51	$3,632
Mar 2002	0	1,300	22.00	3.10	$4,034
Feb 2002	0	1,210	18.22	2.38	$2,875
Jan 2002	0	1,352	17.17	2.38	$3,212
Dec 2001	0	2,031	16.93	2.36	$4,802
Nov 2001	1	1,980	18.07	2.41	$4,781
Oct 2001	1	1,051	19.78	2.53	$2,678
Sep 2001	0	1,128	24.26	2.25	$2,539
Aug 2001	0	411	24.87	3.05	$1,255
Jul 2001	1	1,214	23.93	3.20	$3,905
Jun 2001	2	1,995	24.56	3.82	$7,678
May 2001	4	2,278	25.52	4.31	$9,914
Apr 2001	2	2,257	24.68	5.34	$12,091
Mar 2001	9	2,825	24.54	5.38	$15,409
Feb 2001	2	2,543	27.75	5.77	$14,721
Jan 2001	4	3,109	27.47	8.40	$26,222
Dec 2000	10	3,424	26.88	9.12	$31,504
Nov 2000	19	3,342	32.21	5.66	$19,521
Oct 2000	34	6,754	31.23	5.15	$35,815
Sep 2000	7	2,198	31.87	5.19	$11,623

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.

May 2008 — as filed, then multipliedworked

Condensate             2 bbl  × $123.17 =       $246
Gas                    0 Mcf  × $ 11.57 =         $0

────────────────────────────────────────────────────
Month total                                     $246

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/179569 is the state's own key, not one this site invented.