GAY, JOHN M.

Name: GAY, JOHN M. lease production and value, Jul 2003 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by STRAND ENERGY, L.C. (P-5 824758) in the NEW ULM (LWR WILCOX CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 196880District 03Field 65248075CondensateGasSave Export

Value, all time

$5.2 M

Jul 2003 – Jun 2015

Value, last 12 filed months

at the published price for each month

Months reported

144

no gaps in the span

Streams

condensate, gas

The NEW ULM (LWR WILCOX CONS.) 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 40 leases and 44 wells, and the rule below applies to all of them.

Discovered

2006-10-10

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2006-10-10.

The Commission's schedule remark for this field reads: “AND TWO PART ALLOCATION FORMULA WHICH IS SUSPENDED.”

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	19,999 bbl	$1,291,024
Gas	Production	661,899 Mcf	$3,869,265
Total			$5,160,289

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 29.8524, -96.4647. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.85243, -96.46465 · 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

11,200 ft

1 wells filed one

Completion to plug

5.6 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 11,200 ft.

Completions filed

May 2014

1 of 1 wells

Plug dates filed

Dec 2019

1 of 1 wells

Last completion to plug: a median of 5.6 years across the 1 well that filed both dates, with the middle half between 5.6 years and 5.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-08930170	1	11,200 ft	May 2014	Dec 2019	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 (144)

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

144 months


Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	90	0	98.16	4.74	$8,834
May 2014	374	1,076	94.73	4.73	$40,515
Apr 2014	0	172	95.94	4.81	$827
Mar 2014	193	483	95.89	5.06	$20,949
Feb 2014	380	157	97.40	6.19	$37,984
Jan 2014	0	197	90.40	4.86	$958
Dec 2013	177	198	91.82	4.35	$17,114
Nov 2013	173	146	88.85	3.74	$15,917
Oct 2013	179	180	97.42	3.78	$18,118
Sep 2013	5	195	104.11	3.72	$1,246
Aug 2013	340	614	104.25	3.52	$37,608
Jul 2013	181	270	102.52	3.72	$19,560
Jun 2013	358	222	94.40	3.93	$34,668
May 2013	9	199	94.83	4.15	$1,679
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	928	89.38	3.40	$3,155
Sep 2012	181	4,230	94.67	2.92	$29,480
Aug 2012	0	4,409	92.66	2.91	$12,822
Jul 2012	190	4,602	85.13	3.02	$30,076
Jun 2012	0	4,406	79.82	2.52	$11,099
May 2012	0	4,844	91.61	2.49	$12,053
Apr 2012	0	5,180	101.65	2.00	$10,343
Mar 2012	0	166	105.05	2.22	$369
Feb 2012	195	1,648	101.10	2.57	$23,950
Jan 2012	0	5,979	98.09	2.73	$16,347
Dec 2011	0	6,427	96.87	3.24	$20,822
Nov 2011	0	6,075	95.72	3.31	$20,116
Oct 2011	177	6,586	84.98	3.65	$39,071
Sep 2011	0	5,999	83.62	3.99	$23,911
Aug 2011	0	5,942	83.40	4.15	$24,655
Jul 2011	188	5,928	94.14	4.52	$44,477
Jun 2011	0	5,733	92.90	4.64	$26,600
May 2011	196	6,138	98.13	4.40	$46,270
Apr 2011	207	6,833	105.96	4.33	$51,543
Mar 2011	0	6,586	96.36	4.06	$26,722
Feb 2011	0	6,923	85.64	4.18	$28,938
Jan 2011	183	6,333	86.50	4.59	$44,890
Dec 2010	0	6,803	85.73	4.35	$29,578
Nov 2010	0	6,006	80.84	3.80	$22,795
Oct 2010	180	6,224	78.10	3.51	$35,897
Sep 2010	182	6,409	72.63	3.98	$38,723
Aug 2010	180	6,829	73.68	4.42	$43,442
Jul 2010	176	6,265	72.55	4.74	$42,443
Jun 2010	1	6,321	70.36	4.91	$31,109
May 2010	0	6,942	71.12	4.24	$29,401
Apr 2010	175	7,357	81.69	4.12	$44,626
Mar 2010	177	7,601	78.39	4.39	$47,233
Feb 2010	0	7,282	73.58	5.44	$39,631
Jan 2010	183	7,677	74.36	5.96	$59,394
Dec 2009	186	7,015	71.44	5.48	$51,756
Nov 2009	0	2,958	74.59	3.75	$11,097
Oct 2009	180	7,608	72.54	4.11	$44,328
Sep 2009	178	10,277	65.54	3.06	$43,163
Aug 2009	175	9,875	67.42	3.22	$43,581
Jul 2009	352	10,383	61.13	3.46	$57,490
Jun 2009	0	9,135	66.16	3.90	$35,581
May 2009	177	10,228	54.74	3.93	$49,842
Apr 2009	361	9,110	46.77	3.59	$49,566
Mar 2009	177	9,399	42.14	4.06	$45,609
Feb 2009	0	9,092	32.81	4.63	$42,123
Jan 2009	538	8,876	35.86	5.37	$66,966
Dec 2008	0	9,850	37.10	5.98	$58,875
Nov 2008	178	9,607	55.49	6.86	$75,785
Oct 2008	183	6,826	75.24	6.92	$61,018
Sep 2008	0	47	101.76	7.88	$370
Aug 2008	178	1,682	114.22	8.48	$34,600
Jul 2008	177	7,933	131.08	11.39	$113,554
Jun 2008	173	8,239	131.33	13.03	$130,096
May 2008	0	5,964	123.17	11.57	$69,029
Apr 2008	178	785	110.31	10.45	$27,842
Mar 2008	0	1,510	101.90	9.66	$14,593
Feb 2008	182	4,741	92.53	8.77	$58,422
Jan 2008	184	4,932	90.38	8.21	$57,101
Dec 2007	182	5,820	88.33	7.30	$58,574
Nov 2007	177	4,392	91.67	7.29	$48,251
Oct 2007	185	5,307	82.85	6.92	$52,062
Sep 2007	182	5,626	75.84	6.24	$48,933
Aug 2007	0	3,486	69.06	6.39	$22,268
Jul 2007	182	5,167	70.90	6.39	$45,910
Jun 2007	186	5,838	62.00	7.55	$55,600
May 2007	182	5,994	58.74	7.85	$57,721
Apr 2007	187	274	59.61	7.81	$13,286
Mar 2007	0	5,663	56.92	7.30	$41,351
Feb 2007	361	5,018	55.10	8.22	$61,119
Jan 2007	186	5,707	50.30	6.73	$47,746
Dec 2006	372	5,992	56.65	6.92	$62,529
Nov 2006	181	5,491	54.20	7.62	$51,638
Oct 2006	182	6,380	54.90	6.01	$48,360
Sep 2006	181	5,847	60.08	5.04	$40,327
Aug 2006	360	5,945	68.71	7.34	$68,371
Jul 2006	179	6,606	69.37	6.34	$54,318
Jun 2006	182	6,792	66.28	6.38	$55,422
May 2006	358	7,129	66.01	6.42	$69,435
Apr 2006	180	6,982	64.39	7.36	$62,981
Mar 2006	369	6,785	56.70	7.08	$68,980
Feb 2006	1	6,405	57.59	7.75	$49,704
Jan 2006	176	7,412	60.59	8.93	$76,878
Dec 2005	182	7,137	54.94	13.42	$105,745
Nov 2005	357	7,293	54.69	10.59	$96,746
Oct 2005	362	8,093	58.34	13.80	$132,768
Sep 2005	0	7,758	61.45	12.08	$93,709
Aug 2005	0	278	61.51	9.80	$2,724
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	0	0	50.37	7.15	$0
Feb 2005	5	6	45.22	6.31	$264
Jan 2005	0	509	43.16	6.32	$3,218
Dec 2004	361	5,343	39.86	6.75	$50,460
Nov 2004	180	6,471	45.28	6.33	$49,115
Oct 2004	364	6,309	49.70	6.52	$59,195
Sep 2004	178	6,461	43.24	5.28	$41,836
Aug 2004	361	6,758	42.37	5.55	$52,807
Jul 2004	12	7,881	38.28	6.08	$48,409
Jun 2004	189	8,890	36.10	6.43	$64,012
May 2004	741	9,599	37.48	6.49	$90,114
Apr 2004	372	9,507	34.47	5.86	$68,519
Mar 2004	187	10,024	34.36	5.53	$61,859
Feb 2004	564	9,223	32.45	5.51	$69,117
Jan 2004	574	10,072	32.03	6.30	$81,835
Dec 2003	371	7,284	30.26	6.30	$57,128
Nov 2003	0	3,066	28.80	4.60	$14,089
Oct 2003	921	8,446	28.17	4.76	$66,144
Sep 2003	0	5,050	26.31	4.75	$23,984
Aug 2003	0	9,258	29.76	5.13	$47,491
Jul 2003	0	1,333	29.41	5.17	$6,893

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.

Jun 2014 — as filed, then multipliedworked

Condensate            90 bbl  × $ 98.16 =     $8,834
Gas                    0 Mcf  × $  4.74 =         $0

────────────────────────────────────────────────────
Month total                                   $8,834

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/196880 is the state's own key, not one this site invented.