HAMILL GAS UNIT #2

Name: HAMILL GAS UNIT #2 lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by EOG RESOURCES, INC. (P-5 253162) in the MILTON, N. (13000) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 40188District 03Field 61759800CondensateGasSave Export

Value, all time

$423 k

Jan 1993 – Mar 2000

Value, last 12 filed months

$62 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The MILTON, N. (13000) 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 32 leases and 32 wells, and the rule below applies to all of them.

Discovered

1963-11-20

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,700 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1994-01-10.

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA SUSPENDED PER OPERATOR REQUEST, EFF 9-1-94.”

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	19,268 bbl	$312,160
Gas	Production	333,979 Mcf	$111,027
Total			$423,187

287,361 Mcf of this lease's gas, across 39 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 29.9691, -95.4878. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.96906, -95.48778 · 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

14,700 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 14,700 ft.

Completions filed

Sep 1993

1 of 1 wells

1 well


42-20120260	1	14,700 ft	Sep 1993	—	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 (87)

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

87 months


Mar 2000	0	713	28.42	2.86	$2,039
Feb 2000	92	739	27.62	2.73	$4,556
Jan 2000	273	1,087	25.27	2.48	$9,595
Dec 1999	162	687	24.28	2.42	$5,598
Nov 1999	303	695	23.19	2.43	$8,718
Oct 1999	200	655	20.98	2.80	$6,032
Sep 1999	240	819	21.75	2.62	$7,365
Aug 1999	246	1,569	19.26	2.88	$9,250
Jul 1999	17	869	17.89	2.37	$2,366
Jun 1999	16	727	15.94	2.36	$1,972
May 1999	19	818	15.79	2.32	$2,199
Apr 1999	11	752	15.10	2.21	$1,827
Mar 1999	27	859	12.47	1.84	$1,916
Feb 1999	23	781	9.98	1.82	$1,649
Jan 1999	24	801	10.38	1.90	$1,771
Dec 1998	21	927	9.20	1.77	$1,837
Nov 1998	25	901	10.89	2.19	$2,242
Oct 1998	28	928	12.42	1.97	$2,175
Sep 1998	16	930	12.59	2.08	$2,138
Aug 1998	25	971	11.30	1.91	$2,135
Jul 1998	24	952	11.74	2.24	$2,412
Jun 1998	24	950	11.24	2.24	$2,395
May 1998	25	990	12.62	2.21	$2,500
Apr 1998	26	970	13.04	2.51	$2,769
Mar 1998	39	1,019	12.80	2.31	$2,853
Feb 1998	67	1,468	13.95	2.30	$4,310
Jan 1998	203	3,896	14.70	2.15	$11,379
Dec 1997	281	6,223	16.32	2.41	$19,590
Nov 1997	52	510	18.19	3.09	$2,521
Oct 1997	115	1,172	19.25	3.15	$5,905
Sep 1997	116	1,631	17.74	2.95	$6,877
Aug 1997	69	870	17.86	2.55	$3,455
Jul 1997	103	1,275	17.58	2.25	$4,676
Jun 1997	90	1,256	17.24	2.26	$4,387
May 1997	117	1,412	18.97	2.31	$5,479
Apr 1997	84	1,147	17.88	2.08	$3,891
Mar 1997	109	1,264	18.95	1.94	$4,517
Feb 1997	70	906	20.49	2.21	$3,433
Jan 1997	136	1,479	23.48	3.54	$8,429
Dec 1996	121	1,850	23.32	—	$2,822
Nov 1996	111	1,716	21.97	—	$2,439
Oct 1996	90	1,395	23.31	—	$2,098
Sep 1996	150	2,418	22.22	—	$3,333
Aug 1996	111	1,655	20.26	—	$2,249
Jul 1996	171	2,629	19.55	—	$3,343
Jun 1996	148	2,160	18.73	—	$2,772
May 1996	141	2,466	19.43	—	$2,740
Apr 1996	164	2,222	21.51	—	$3,528
Mar 1996	229	4,112	19.38	—	$4,438
Feb 1996	219	3,152	16.98	—	$3,719
Jan 1996	239	3,608	17.07	—	$4,080
Dec 1995	276	3,997	17.19	—	$4,744
Nov 1995	258	4,056	16.00	—	$4,128
Oct 1995	168	2,221	15.43	—	$2,592
Sep 1995	269	3,693	16.18	—	$4,352
Aug 1995	342	3,999	15.92	—	$5,445
Jul 1995	271	3,509	15.24	—	$4,130
Jun 1995	163	4,907	16.41	—	$2,675
May 1995	11	851	17.56	—	$193
Apr 1995	18	158	17.73	—	$319
Mar 1995	37	1,207	16.44	—	$608
Feb 1995	104	5,346	16.58	—	$1,724
Jan 1995	148	4,516	15.92	—	$2,356
Dec 1994	201	3,214	15.03	—	$3,021
Nov 1994	393	5,405	15.90	—	$6,249
Oct 1994	343	5,326	15.58	—	$5,344
Sep 1994	348	4,568	15.29	—	$5,321
Aug 1994	720	11,230	16.13	—	$11,614
Jul 1994	14	0	17.56	—	$246
Jun 1994	296	3,362	17.09	—	$5,059
May 1994	1,176	15,164	15.88	—	$18,675
Apr 1994	822	10,593	14.14	—	$11,623
Mar 1994	3	9,014	12.46	—	$37
Feb 1994	718	13,993	12.50	—	$8,975
Jan 1994	1,009	16,551	12.66	—	$12,774
Dec 1993	1,185	16,687	12.33	—	$14,611
Nov 1993	1,274	28,562	14.49	—	$18,460
Oct 1993	2,150	48,602	15.85	—	$34,078
Sep 1993	1,139	27,247	15.03	—	$17,119
Aug 1993	0	0	15.66	—	$0
Jul 1993	0	0	15.46	—	$0
Jun 1993	0	0	16.79	—	$0
May 1993	0	0	17.68	—	$0
Apr 1993	0	0	18.05	—	$0
Mar 1993	0	0	18.14	—	$0
Feb 1993	0	0	17.90	—	$0
Jan 1993	0	0	16.93	—	$0

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 2000 — as filed, then multipliedworked

Condensate             0 bbl  × $ 28.42 =         $0
Gas                  713 Mcf  × $  2.86 =     $2,039

────────────────────────────────────────────────────
Month total                                   $2,039

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/40188 is the state's own key, not one this site invented.