WILLOW

Name: WILLOW lease production and value, Oct 2010 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SQUARE MILE ENERGY, L.L.C. (P-5 810815) in the GUM ISLAND,N. (HACKBERRY 3-C) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 259413District 03Field 374565602 tax incentive programmesCondensateGasSave Export

Value, all time

$21.2 M

Oct 2010 – Mar 2018

Value, last 12 filed months

$469 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The GUM ISLAND,N. (HACKBERRY 3-C) 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 5 leases and 5 wells, and the rule below applies to all of them.

Discovered

1979-11-06

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

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 08/01/2007.”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2011-11-22	203901
NGPA	1	none	—	—

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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	218,255 bbl	$18,596,807
Gas	Production	706,241 Mcf	$2,578,894
Total			$21,175,701

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 29.8030, -94.1204. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.80302, -94.12044 · 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

10,872 ft

1 wells filed one

Completion to plug

7.4 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 10,872 ft.

Completions filed

Oct 2010

1 of 1 wells

Plug dates filed

Mar 2018

1 of 1 wells

Last completion to plug: a median of 7.4 years across the 1 well that filed both dates, with the middle half between 7.4 years and 7.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-24532662	1	10,872 ft	Oct 2010	Mar 2018	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 (90)

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

90 months


Mar 2018	161	0	61.22	2.79	$9,856
Feb 2018	688	2,371	61.78	2.77	$49,063
Jan 2018	736	3,240	62.87	4.01	$59,263
Dec 2017	811	2,316	57.27	2.92	$53,212
Nov 2017	768	3,029	55.42	3.12	$52,008
Oct 2017	935	2,407	49.29	2.98	$53,268
Sep 2017	1	17	47.52	3.09	$100
Aug 2017	374	1,742	45.37	3.00	$22,202
Jul 2017	736	2,120	43.87	3.09	$38,833
Jun 2017	766	2,900	42.49	3.09	$41,500
May 2017	782	2,620	45.37	3.26	$44,029
Apr 2017	777	2,506	47.93	3.21	$45,290
Mar 2017	727	1,660	46.77	2.98	$38,955
Feb 2017	735	1,800	50.45	2.95	$42,395
Jan 2017	715	2,528	49.41	3.42	$43,971
Dec 2016	702	2,229	48.76	3.72	$42,528
Nov 2016	882	2,704	42.49	2.64	$44,627
Oct 2016	751	2,476	46.19	3.09	$42,340
Sep 2016	790	2,272	41.55	3.10	$39,869
Aug 2016	722	2,451	41.44	2.92	$37,087
Jul 2016	930	2,309	41.62	2.92	$45,459
Jun 2016	844	2,051	45.35	2.69	$43,784
May 2016	736	2,302	42.52	1.99	$35,878
Apr 2016	753	2,145	36.56	1.99	$31,800
Mar 2016	908	2,138	33.01	1.79	$33,809
Feb 2016	705	1,979	26.47	2.06	$22,745
Jan 2016	877	2,004	27.35	2.36	$28,724
Dec 2015	931	2,818	32.36	2.00	$35,767
Nov 2015	721	2,594	38.79	2.17	$33,590
Oct 2015	719	2,850	43.55	2.43	$38,228
Sep 2015	853	2,693	42.99	2.76	$44,099
Aug 2015	709	2,816	40.16	2.87	$36,562
Jul 2015	726	2,481	48.15	2.95	$42,264
Jun 2015	546	2,281	56.15	2.88	$37,234
May 2015	738	2,156	55.21	2.96	$47,117
Apr 2015	533	1,916	49.82	2.71	$31,740
Mar 2015	534	2,067	42.89	2.93	$28,969
Feb 2015	588	1,805	44.66	2.98	$31,632
Jan 2015	775	2,083	43.43	3.10	$40,117
Dec 2014	755	2,136	54.69	3.59	$48,962
Nov 2014	556	1,973	70.46	4.25	$47,565
Oct 2014	711	1,971	78.30	3.90	$63,360
Sep 2014	524	2,177	86.16	4.05	$53,955
Aug 2014	522	1,276	89.39	4.04	$51,810
Jul 2014	737	2,361	96.56	4.18	$81,033
Jun 2014	736	2,236	98.16	4.74	$82,837
May 2014	709	2,502	94.73	4.73	$78,989
Apr 2014	731	2,623	95.94	4.81	$82,746
Mar 2014	735	2,739	95.89	5.06	$84,330
Feb 2014	543	2,579	97.40	6.19	$68,857
Jan 2014	899	2,340	90.40	4.86	$92,644
Dec 2013	700	2,882	91.82	4.35	$76,824
Nov 2013	901	2,648	88.85	3.74	$89,953
Oct 2013	904	2,368	97.42	3.78	$97,017
Sep 2013	705	1,931	104.11	3.72	$80,577
Aug 2013	715	2,166	104.25	3.52	$82,169
Jul 2013	728	2,631	102.52	3.72	$84,416
Jun 2013	1,000	2,590	94.40	3.93	$104,588
May 2013	718	2,704	94.83	4.15	$79,307
Apr 2013	549	2,389	93.96	4.28	$61,815
Mar 2013	753	2,729	93.62	3.91	$81,174
Feb 2013	693	1,987	91.23	3.42	$70,018
Jan 2013	2,292	7,231	91.60	3.42	$234,677
Dec 2012	3,662	11,832	86.77	3.42	$358,219
Nov 2012	3,656	8,797	86.95	3.62	$349,778
Oct 2012	4,997	15,278	89.38	3.40	$498,572
Sep 2012	4,384	13,215	94.67	2.92	$453,600
Aug 2012	4,770	14,669	92.66	2.91	$484,648
Jul 2012	5,229	15,660	85.13	3.02	$492,451
Jun 2012	5,092	15,976	79.82	2.52	$446,688
May 2012	5,307	16,521	91.61	2.49	$527,284
Apr 2012	5,098	15,894	101.65	2.00	$549,949
Mar 2012	5,413	16,997	105.05	2.22	$606,404
Feb 2012	4,344	15,202	101.10	2.57	$478,251
Jan 2012	4,363	11,861	98.09	2.73	$460,396
Dec 2011	4,613	15,999	96.87	3.24	$498,694
Nov 2011	5,127	16,070	95.72	3.31	$543,969
Oct 2011	6,589	21,784	84.98	3.65	$639,413
Sep 2011	8,610	27,156	83.62	3.99	$828,207
Aug 2011	8,978	29,081	83.40	4.15	$869,432
Jul 2011	9,058	29,975	94.14	4.52	$988,124
Jun 2011	8,571	28,700	92.90	4.64	$929,410
May 2011	8,391	28,647	98.13	4.40	$949,594
Apr 2011	7,811	25,813	105.96	4.33	$939,509
Mar 2011	8,765	28,789	96.36	4.06	$961,402
Feb 2011	7,150	24,945	85.64	4.18	$716,596
Jan 2011	9,350	33,885	86.50	4.59	$964,266
Dec 2010	10,799	36,680	85.73	4.35	$1,085,274
Nov 2010	11,432	37,021	80.84	3.80	$1,064,670
Oct 2010	195	1,749	78.10	3.51	$21,367

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.

Mar 2018 — as filed, then multipliedworked

Condensate           161 bbl  × $ 61.22 =     $9,856
Gas                    0 Mcf  × $  2.79 =         $0

────────────────────────────────────────────────────
Month total                                   $9,856

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/259413 is the state's own key, not one this site invented.