EAST TEXAS OIL CO. FEE 'B'

Name: EAST TEXAS OIL CO. FEE 'B' lease production and value, Feb 2001 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by MILESTONE OPERATING, INC. (P-5 567103) in the VILLAGE MILLS (6030) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 181242District 03Field 93831880CondensateGasSave Export

Value, all time

$755 k

Feb 2001 – Jul 2006

Value, last 12 filed months

$107 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The VILLAGE MILLS (6030) 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 3 leases and 3 wells, and the rule below applies to all of them.

Discovered

1994-10-01

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

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	1,055 bbl	$25,347
Gas	Production	155,337 Mcf	$729,907
Total			$755,254

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 30.5238, -94.4040. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.52385, -94.40397 · 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

7,300 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 7,300 ft.

Completions filed

May 2011

1 of 1 wells

1 well


42-19932643	6	7,300 ft	May 2011	—	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 (66)

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

66 months


Jul 2006	0	1,076	69.37	6.34	$6,825
Jun 2006	0	122	66.28	6.38	$779
May 2006	0	777	66.01	6.42	$4,992
Apr 2006	0	757	64.39	7.36	$5,572
Mar 2006	0	1,210	56.70	7.08	$8,570
Feb 2006	0	777	57.59	7.75	$6,023
Jan 2006	0	979	60.59	8.93	$8,746
Dec 2005	0	788	54.94	13.42	$10,571
Nov 2005	0	1,170	54.69	10.59	$12,388
Oct 2005	0	1,805	58.34	13.80	$24,901
Sep 2005	0	1,008	61.45	12.08	$12,176
Aug 2005	0	587	61.51	9.80	$5,751
Jul 2005	0	704	55.69	7.84	$5,522
Jun 2005	0	677	52.33	7.38	$4,997
May 2005	0	679	45.22	6.65	$4,516
Apr 2005	0	650	49.20	7.36	$4,784
Mar 2005	0	772	50.37	7.15	$5,524
Feb 2005	0	905	45.22	6.31	$5,712
Jan 2005	0	1,088	43.16	6.32	$6,879
Dec 2004	0	1,081	39.86	6.75	$7,298
Nov 2004	0	1,140	45.28	6.33	$7,217
Oct 2004	0	1,306	49.70	6.52	$8,509
Sep 2004	0	1,280	43.24	5.28	$6,763
Aug 2004	0	1,246	42.37	5.55	$6,916
Jul 2004	0	1,144	38.28	6.08	$6,960
Jun 2004	0	1,824	36.10	6.43	$11,734
May 2004	0	2,020	37.48	6.49	$13,119
Apr 2004	0	1,538	34.47	5.86	$9,010
Mar 2004	0	1,504	34.36	5.53	$8,317
Feb 2004	0	1,275	32.45	5.51	$7,025
Jan 2004	0	1,101	32.03	6.30	$6,936
Dec 2003	0	947	30.26	6.30	$5,968
Nov 2003	0	1,841	28.80	4.60	$8,460
Oct 2003	0	1,179	28.17	4.76	$5,612
Sep 2003	0	1,573	26.31	4.75	$7,471
Aug 2003	0	1,441	29.76	5.13	$7,392
Jul 2003	8	2,635	29.41	5.17	$13,860
Jun 2003	17	2,530	28.56	5.98	$15,622
May 2003	25	3,063	26.59	5.97	$18,959
Apr 2003	33	2,837	26.67	5.41	$16,221
Mar 2003	28	2,297	31.14	6.10	$14,875
Feb 2003	27	2,505	33.48	7.93	$20,758
Jan 2003	32	2,671	30.31	5.58	$15,880
Dec 2002	33	2,873	26.91	4.85	$14,833
Nov 2002	30	2,517	24.66	4.14	$11,153
Oct 2002	30	2,681	26.46	4.23	$12,132
Sep 2002	34	2,910	27.44	3.64	$11,511
Aug 2002	19	2,978	25.96	3.16	$9,916
Jul 2002	15	2,074	24.58	3.06	$6,719
Jun 2002	15	3,283	23.73	3.34	$11,315
May 2002	31	4,439	24.66	3.58	$16,674
Apr 2002	35	2,941	23.65	3.51	$11,157
Mar 2002	46	4,525	22.00	3.10	$15,052
Feb 2002	46	4,180	18.22	2.38	$10,768
Jan 2002	75	4,633	17.17	2.38	$12,294
Dec 2001	44	4,987	16.93	2.36	$12,536
Nov 2001	35	4,545	18.07	2.41	$11,566
Oct 2001	36	5,413	19.78	2.53	$14,401
Sep 2001	43	5,208	24.26	2.25	$12,768
Aug 2001	56	5,577	24.87	3.05	$18,420
Jul 2001	51	5,995	23.93	3.20	$20,387
Jun 2001	42	5,830	24.56	3.82	$23,326
May 2001	53	6,126	25.52	4.31	$27,739
Apr 2001	61	5,454	24.68	5.34	$30,604
Mar 2001	40	4,339	24.54	5.38	$24,310
Feb 2001	15	3,320	27.75	5.77	$19,563

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 2006 — as filed, then multipliedworked

Condensate             0 bbl  × $ 69.37 =         $0
Gas                1,076 Mcf  × $  6.34 =     $6,825

────────────────────────────────────────────────────
Month total                                   $6,825

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/181242 is the state's own key, not one this site invented.