RUST ESTATE

Operated by CICO OIL & GAS COMPANY (P-5 153410) in the HUNGERFORD, S. (COOK MOUNTAIN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 229607District 03Field 43619200CondensateGasSaveExport
Value, all time
$4.6 M
Mar 2007 – Nov 2012
Value, last 12 filed months
$36 k
at the published price for each month
Months reported
69
no gaps in the span
Streams
2
condensate, gas

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 4 leases and 4 wells, and the rule below applies to all of them.

Discovered
2007-03-16
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 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 2010-02-01.

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 04/01/2010.

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.

StreamBasisVolumeValue
CondensateDisposition7,417 bbl$597,466
GasProduction551,311 Mcf$4,045,925
Total$4,643,391

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 29.3835, -96.0648. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.38346, -96.06484 · centre of the wells drawn, derived

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
11,246 ft
1 wells filed one
Completion to plug
5.7 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 11,246 ft.

Completions filed
Mar 2007
1 of 1 wells
Plug dates filed
Nov 2012
1 of 1 wells

Last completion to plug: a median of 5.7 years across the 1 well that filed both dates, with the middle half between 5.7 years and 5.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-48134881111,246 ftMar 2007Nov 2012Yes

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 (69)

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

69 months

Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 2012976194.672.92$9,361
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 201217289291.612.49$17,977
Apr 201201,097101.652.00$2,190
Mar 201200105.052.22$0
Feb 20120257101.102.57$661
Jan 2012048098.092.73$1,312
Dec 201101,29696.873.24$4,199
Nov 201101,57695.723.31$5,219
Oct 201102,52684.983.65$9,216
Sep 201102,55783.623.99$10,192
Aug 201102,44983.404.15$10,162
Jul 20111791,97094.144.52$25,750
Jun 20111822,05892.904.64$26,457
May 201102,13298.134.40$9,391
Apr 201121,819105.964.33$8,094
Mar 201121,92396.364.06$7,995
Feb 201111,12085.644.18$4,767
Jan 201102,12986.504.59$9,770
Dec 201002,26085.734.35$9,826
Nov 201022,14680.843.80$8,306
Oct 201002,13878.103.51$7,502
Sep 201002,32872.633.98$9,264
Aug 201002,37473.684.42$10,492
Jul 20101892,50372.554.74$25,567
Jun 201002,57570.364.91$12,644
May 201002,65571.124.24$11,245
Apr 201002,29381.694.12$9,453
Mar 20101822,30678.394.39$24,387
Feb 201012,08573.585.44$11,421
Jan 201002,08074.365.96$12,405
Dec 200921,85871.445.48$10,332
Nov 200901,84474.593.75$6,918
Oct 20091912,14672.544.11$22,676
Sep 200902,27365.543.06$6,966
Aug 200902,51767.423.22$8,101
Jul 200902,98461.133.46$10,338
Jun 200904,11266.163.90$16,016
May 20091781,80954.743.93$16,845
Apr 200902,66746.773.59$9,568
Mar 200902,35642.144.06$9,563
Feb 200901,93532.814.63$8,965
Jan 200904,62435.865.37$24,836
Dec 20081837,22337.105.98$49,962
Nov 200805,60055.496.86$38,418
Oct 20081756,16575.246.92$55,841
Sep 200806,651101.767.88$52,391
Aug 20081079,224114.228.48$90,469
Jul 20081909,988131.0811.39$138,663
Jun 20081611,134131.3313.03$147,207
May 200839414,599123.1711.57$217,502
Apr 20082815,002110.3110.45$159,932
Mar 200839116,738101.909.66$201,600
Feb 200822019,05992.538.77$187,515
Jan 200824422,35990.388.21$205,525
Dec 200741825,42788.337.30$222,589
Nov 200744926,53791.677.29$234,660
Oct 200737324,90282.856.92$203,274
Sep 200717215,19275.846.24$107,906
Aug 200739428,38069.066.39$208,499
Jul 200763835,82870.906.39$274,101
Jun 200756550,21462.007.55$414,068
May 200770760,57258.747.85$516,794
Apr 200737347,77759.617.81$395,144
Mar 200707,53056.927.30$54,984

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.

Sep 2012 — as filed, then multipliedworked
Condensate            97 bbl  × $ 94.67 =     $9,183
Gas                   61 Mcf  × $  2.92 =       $178

────────────────────────────────────────────────────
Month total                                   $9,361

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/229607 is the state's own key, not one this site invented.