JEFFERSON LAND COMPANY

Name: JEFFERSON LAND COMPANY lease production and value, Jul 2003 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 (8700) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 196714District 03Field 55184950CondensateGasSave Export

Value, all time

$4.4 M

Jul 2003 – May 2011

Value, last 12 filed months

$12 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The LOVELLS LAKE (8700) 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

2002-08-15

as the register files it

Field class

Gas

the register's own label

Between wells

933 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 320 acres. The field rule took effect on 2002-11-13.

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 12/01/2003.”

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	27,295 bbl	$1,132,371
Gas	Production	498,736 Mcf	$3,229,103
Total			$4,361,474

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 29.9505, -94.1372. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.95049, -94.13724 · 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

7,271 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 7,271 ft.

Completions filed

May 2011

1 of 1 wells

1 well


42-24501757	7	7,271 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 (95)

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

95 months


May 2011	0	0	98.13	4.40	$0
Apr 2011	0	390	105.96	4.33	$1,690
Mar 2011	0	870	96.36	4.06	$3,530
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	32	1,018	70.36	4.91	$7,250
May 2010	36	2,170	71.12	4.24	$11,751
Apr 2010	23	1,014	81.69	4.12	$6,059
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	1	0	35.86	5.37	$36
Dec 2008	27	1,147	37.10	5.98	$7,857
Nov 2008	20	1,710	55.49	6.86	$12,841
Oct 2008	21	1,984	75.24	6.92	$15,313
Sep 2008	10	752	101.76	7.88	$6,941
Aug 2008	17	1,798	114.22	8.48	$17,194
Jul 2008	3	2,072	131.08	11.39	$23,992
Jun 2008	8	1,590	131.33	13.03	$21,773
May 2008	38	1,922	123.17	11.57	$26,926
Apr 2008	41	2,085	110.31	10.45	$26,321
Mar 2008	41	2,380	101.90	9.66	$27,178
Feb 2008	45	2,784	92.53	8.77	$28,581
Jan 2008	46	2,976	90.38	8.21	$28,578
Dec 2007	42	2,327	88.33	7.30	$20,702
Nov 2007	33	2,500	91.67	7.29	$21,254
Oct 2007	30	2,542	82.85	6.92	$20,081
Sep 2007	32	2,492	75.84	6.24	$17,987
Aug 2007	28	2,434	69.06	6.39	$17,482
Jul 2007	51	2,480	70.90	6.39	$19,458
Jun 2007	47	2,497	62.00	7.55	$21,762
May 2007	47	2,680	58.74	7.85	$23,789
Apr 2007	54	2,737	59.61	7.81	$24,582
Mar 2007	63	2,418	56.92	7.30	$21,242
Feb 2007	52	2,544	55.10	8.22	$23,767
Jan 2007	66	3,038	50.30	6.73	$23,756
Dec 2006	68	2,738	56.65	6.92	$22,795
Nov 2006	73	2,735	54.20	7.62	$24,790
Oct 2006	83	2,731	54.90	6.01	$20,980
Sep 2006	87	3,030	60.08	5.04	$20,490
Aug 2006	88	3,102	68.71	7.34	$28,815
Jul 2006	94	2,536	69.37	6.34	$22,606
Jun 2006	62	1,777	66.28	6.38	$15,454
May 2006	99	2,024	66.01	6.42	$19,539
Apr 2006	110	1,559	64.39	7.36	$18,558
Mar 2006	92	2,273	56.70	7.08	$21,316
Feb 2006	72	1,897	57.59	7.75	$18,850
Jan 2006	104	1,813	60.59	8.93	$22,497
Dec 2005	132	2,811	54.94	13.42	$44,963
Nov 2005	126	683	54.69	10.59	$14,123
Oct 2005	99	1,039	58.34	13.80	$20,109
Sep 2005	128	2,147	61.45	12.08	$33,799
Aug 2005	195	4,751	61.51	9.80	$58,539
Jul 2005	175	7,984	55.69	7.84	$72,369
Jun 2005	262	8,235	52.33	7.38	$74,493
May 2005	619	13,671	45.22	6.65	$118,919
Apr 2005	1,202	19,093	49.20	7.36	$199,672
Mar 2005	1,241	22,521	50.37	7.15	$223,644
Feb 2005	1,068	20,727	45.22	6.31	$179,122
Jan 2005	1,092	20,893	43.16	6.32	$179,220
Dec 2004	1,256	18,873	39.86	6.75	$177,477
Nov 2004	1,220	17,886	45.28	6.33	$168,467
Oct 2004	1,188	18,823	49.70	6.52	$181,677
Sep 2004	1,134	18,916	43.24	5.28	$148,984
Aug 2004	1,249	21,194	42.37	5.55	$170,561
Jul 2004	1,238	19,427	38.28	6.08	$165,588
Jun 2004	1,244	17,238	36.10	6.43	$155,801
May 2004	1,161	16,842	37.48	6.49	$152,896
Apr 2004	836	13,996	34.47	5.86	$110,812
Mar 2004	1,059	14,760	34.36	5.53	$118,012
Feb 2004	1,321	16,160	32.45	5.51	$131,902
Jan 2004	1,367	18,446	32.03	6.30	$159,988
Dec 2003	1,359	19,630	30.26	6.30	$164,825
Nov 2003	1,251	19,428	28.80	4.60	$125,304
Oct 2003	1,130	18,076	28.17	4.76	$117,867
Sep 2003	957	15,792	26.31	4.75	$100,181
Aug 2003	0	982	29.76	5.13	$5,037
Jul 2003	0	146	29.41	5.17	$755

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.

Apr 2011 — as filed, then multipliedworked

Condensate             0 bbl  × $105.96 =         $0
Gas                  390 Mcf  × $  4.33 =     $1,690

────────────────────────────────────────────────────
Month total                                   $1,690

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/196714 is the state's own key, not one this site invented.