OLCOTT GU 2

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

Operated by DENBURY ONSHORE, LLC (P-5 215343) in the OLCOTT (MIOCENE 3400) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 7562District 03Field 66950396CondensateGasSave Export

Value, all time

$3.1 M

Jan 1993 – Jul 2013

Value, last 12 filed months

at the published price for each month

Months reported

247

no gaps in the span

Streams

condensate, gas

The OLCOTT (MIOCENE 3400) 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 2 leases and 2 wells, and the rule below applies to all of them.

Discovered

1963-03-24

as the register files it

Field class

Gas

the register's own label

Between wells

933 ft

minimum

From a lease line

466 ft

minimum

A drilling unit in this field needs at least 160 acres.

The Commission's schedule remark for this field reads: “ONE WELL FIELD EFF 5-1-95”

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	406 bbl	$7,402
Gas	Production	1,162,198 Mcf	$3,085,849
Total			$3,093,251

464,216 Mcf of this lease's gas, across 48 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 29.5753, -95.2035. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.57534, -95.20349 · 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

6,065 ft

1 wells filed one

Completion to plug

50.3 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 6,065 ft.

Completions filed

Mar 1963

1 of 1 wells

Plug dates filed

Jul 2013

1 of 1 wells

Last completion to plug: a median of 50.3 years across the 1 well that filed both dates, with the middle half between 50.3 years and 50.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-20105914	1	6,065 ft	Mar 1963	Jul 2013	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 (247)

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

247 months


Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
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	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	169	105.96	4.33	$732
Mar 2011	0	1,048	96.36	4.06	$4,252
Feb 2011	0	656	85.64	4.18	$2,742
Jan 2011	0	608	86.50	4.59	$2,790
Dec 2010	0	849	85.73	4.35	$3,691
Nov 2010	0	1,186	80.84	3.80	$4,501
Oct 2010	0	2,285	78.10	3.51	$8,018
Sep 2010	0	2,326	72.63	3.98	$9,256
Aug 2010	0	2,375	73.68	4.42	$10,496
Jul 2010	0	2,699	72.55	4.74	$12,784
Jun 2010	0	1,405	70.36	4.91	$6,899
May 2010	0	645	71.12	4.24	$2,732
Apr 2010	0	587	81.69	4.12	$2,420
Mar 2010	0	548	78.39	4.39	$2,405
Feb 2010	0	603	73.58	5.44	$3,282
Jan 2010	0	1,753	74.36	5.96	$10,455
Dec 2009	0	2,466	71.44	5.48	$13,523
Nov 2009	0	2,529	74.59	3.75	$9,488
Oct 2009	0	2,708	72.54	4.11	$11,131
Sep 2009	0	2,452	65.54	3.06	$7,515
Aug 2009	0	2,320	67.42	3.22	$7,467
Jul 2009	0	2,699	61.13	3.46	$9,351
Jun 2009	0	1,302	66.16	3.90	$5,071
May 2009	0	2,240	54.74	3.93	$8,794
Apr 2009	0	1,928	46.77	3.59	$6,917
Mar 2009	0	1,948	42.14	4.06	$7,907
Feb 2009	0	1,575	32.81	4.63	$7,297
Jan 2009	0	1,956	35.86	5.37	$10,506
Dec 2008	0	1,724	37.10	5.98	$10,305
Nov 2008	0	2,044	55.49	6.86	$14,023
Oct 2008	0	2,261	75.24	6.92	$15,651
Sep 2008	0	1,938	101.76	7.88	$15,266
Aug 2008	0	2,108	114.22	8.48	$17,882
Jul 2008	0	2,176	131.08	11.39	$24,783
Jun 2008	0	2,065	131.33	13.03	$26,912
May 2008	0	2,033	123.17	11.57	$23,531
Apr 2008	0	1,898	110.31	10.45	$19,843
Mar 2008	0	1,907	101.90	9.66	$18,429
Feb 2008	0	1,791	92.53	8.77	$15,708
Jan 2008	0	2,038	90.38	8.21	$16,723
Dec 2007	0	2,184	88.33	7.30	$15,948
Nov 2007	0	2,264	91.67	7.29	$16,508
Oct 2007	0	2,463	82.85	6.92	$17,049
Sep 2007	0	2,543	75.84	6.24	$15,879
Aug 2007	0	2,957	69.06	6.39	$18,889
Jul 2007	0	2,951	70.90	6.39	$18,851
Jun 2007	0	2,928	62.00	7.55	$22,102
May 2007	0	3,047	58.74	7.85	$23,908
Apr 2007	0	2,878	59.61	7.81	$22,463
Mar 2007	0	2,946	56.92	7.30	$21,512
Feb 2007	0	2,649	55.10	8.22	$21,764
Jan 2007	0	3,130	50.30	6.73	$21,055
Dec 2006	0	3,237	56.65	6.92	$22,395
Nov 2006	0	3,285	54.20	7.62	$25,023
Oct 2006	0	3,772	54.90	6.01	$22,684
Sep 2006	0	3,573	60.08	5.04	$17,998
Aug 2006	0	3,270	68.71	7.34	$24,002
Jul 2006	0	3,457	69.37	6.34	$21,927
Jun 2006	0	3,492	66.28	6.38	$22,293
May 2006	0	3,915	66.01	6.42	$25,154
Apr 2006	0	4,912	64.39	7.36	$36,155
Mar 2006	0	4,980	56.70	7.08	$35,273
Feb 2006	0	5,372	57.59	7.75	$41,639
Jan 2006	0	6,501	60.59	8.93	$58,076
Dec 2005	0	2,288	54.94	13.42	$30,694
Nov 2005	0	1,712	54.69	10.59	$18,127
Oct 2005	0	2,996	58.34	13.80	$41,332
Sep 2005	0	2,004	61.45	12.08	$24,206
Aug 2005	0	2,538	61.51	9.80	$24,864
Jul 2005	0	2,488	55.69	7.84	$19,515
Jun 2005	0	2,917	52.33	7.38	$21,530
May 2005	0	1,863	45.22	6.65	$12,391
Apr 2005	0	2,150	49.20	7.36	$15,825
Mar 2005	0	2,273	50.37	7.15	$16,263
Feb 2005	0	2,148	45.22	6.31	$13,558
Jan 2005	0	2,507	43.16	6.32	$15,850
Dec 2004	0	2,851	39.86	6.75	$19,247
Nov 2004	0	3,798	45.28	6.33	$24,043
Oct 2004	0	5,174	49.70	6.52	$33,709
Sep 2004	0	4,978	43.24	5.28	$26,303
Aug 2004	0	5,097	42.37	5.55	$28,292
Jul 2004	0	5,199	38.28	6.08	$31,632
Jun 2004	0	5,892	36.10	6.43	$37,903
May 2004	0	5,249	37.48	6.49	$34,090
Apr 2004	0	5,832	34.47	5.86	$34,167
Mar 2004	0	4,261	34.36	5.53	$23,564
Feb 2004	0	3,631	32.45	5.51	$20,005
Jan 2004	0	4,527	32.03	6.30	$28,518
Dec 2003	0	4,990	30.26	6.30	$31,445
Nov 2003	0	3,215	28.80	4.60	$14,773
Oct 2003	0	3,809	28.17	4.76	$18,129
Sep 2003	0	4,316	26.31	4.75	$20,498
Aug 2003	0	4,801	29.76	5.13	$24,628
Jul 2003	0	4,285	29.41	5.17	$22,157
Jun 2003	0	4,643	28.56	5.98	$27,779
May 2003	0	4,253	26.59	5.97	$25,402
Apr 2003	0	4,199	26.67	5.41	$22,705
Mar 2003	0	5,668	31.14	6.10	$34,552
Feb 2003	0	5,223	33.48	7.93	$41,397
Jan 2003	0	6,186	30.31	5.58	$34,531
Dec 2002	0	3,333	26.91	4.85	$16,178
Nov 2002	0	3,557	24.66	4.14	$14,715
Oct 2002	0	4,308	26.46	4.23	$18,219
Sep 2002	0	3,959	27.44	3.64	$14,392
Aug 2002	0	2,741	25.96	3.16	$8,673
Jul 2002	0	3,385	24.58	3.06	$10,364
Jun 2002	0	4,372	23.73	3.34	$14,595
May 2002	0	5,092	24.66	3.58	$18,250
Apr 2002	0	5,432	23.65	3.51	$19,079
Mar 2002	0	6,153	22.00	3.10	$19,091
Feb 2002	0	8,895	18.22	2.38	$21,132
Jan 2002	0	9,723	17.17	2.38	$23,099
Dec 2001	0	5,565	16.93	2.36	$13,158
Nov 2001	0	5,644	18.07	2.41	$13,577
Oct 2001	0	6,117	19.78	2.53	$15,469
Sep 2001	0	5,845	24.26	2.25	$13,159
Aug 2001	0	5,057	24.87	3.05	$15,440
Jul 2001	0	2,300	23.93	3.20	$7,353
Jun 2001	0	4,102	24.56	3.82	$15,687
May 2001	0	3,082	25.52	4.31	$13,275
Apr 2001	0	3,339	24.68	5.34	$17,815
Mar 2001	0	4,111	24.54	5.38	$22,103
Feb 2001	0	2,971	27.75	5.77	$17,134
Jan 2001	0	1,644	27.47	8.40	$13,808
Dec 2000	0	3,010	26.88	9.12	$27,459
Nov 2000	0	7,076	32.21	5.66	$40,036
Oct 2000	0	7,363	31.23	5.15	$37,886
Sep 2000	0	3,669	31.87	5.19	$19,029
Aug 2000	0	3,448	29.64	4.54	$15,657
Jul 2000	0	3,061	28.53	4.09	$12,519
Jun 2000	0	2,757	29.30	4.40	$12,123
May 2000	0	3,198	27.26	3.68	$11,768
Apr 2000	0	3,243	24.51	3.12	$10,105
Mar 2000	0	3,670	28.42	2.86	$10,495
Feb 2000	0	3,256	27.62	2.73	$8,877
Jan 2000	0	3,127	25.27	2.48	$7,757
Dec 1999	0	3,017	24.28	2.42	$7,312
Nov 1999	0	3,208	23.19	2.43	$7,808
Oct 1999	0	3,235	20.98	2.80	$9,070
Sep 1999	0	2,698	21.75	2.62	$7,066
Aug 1999	0	2,534	19.26	2.88	$7,287
Jul 1999	0	2,534	17.89	2.37	$6,012
Jun 1999	0	2,895	15.94	2.36	$6,838
May 1999	0	2,581	15.79	2.32	$5,991
Apr 1999	0	2,512	15.10	2.21	$5,547
Mar 1999	0	2,933	12.47	1.84	$5,392
Feb 1999	0	3,716	9.98	1.82	$6,755
Jan 1999	0	4,844	10.38	1.90	$9,203
Dec 1998	0	6,587	9.20	1.77	$11,681
Nov 1998	0	7,700	10.89	2.19	$16,830
Oct 1998	0	7,549	12.42	1.97	$14,866
Sep 1998	0	6,771	12.59	2.08	$14,101
Aug 1998	0	8,154	11.30	1.91	$15,553
Jul 1998	0	7,512	11.74	2.24	$16,806
Jun 1998	0	6,947	11.24	2.24	$15,542
May 1998	0	8,981	12.62	2.21	$19,815
Apr 1998	0	9,003	13.04	2.51	$22,555
Mar 1998	0	10,320	12.80	2.31	$23,833
Feb 1998	0	9,278	13.95	2.30	$21,331
Jan 1998	0	10,413	14.70	2.15	$22,438
Dec 1997	0	8,967	16.32	2.41	$21,620
Nov 1997	0	9,220	18.19	3.09	$28,474
Oct 1997	0	5,029	19.25	3.15	$15,840
Sep 1997	0	8,590	17.74	2.95	$25,382
Aug 1997	0	10,358	17.86	2.55	$26,462
Jul 1997	0	11,018	17.58	2.25	$24,757
Jun 1997	5	10,442	17.24	2.26	$23,656
May 1997	24	10,497	18.97	2.31	$24,688
Apr 1997	265	10,986	17.88	2.08	$27,620
Mar 1997	112	9,005	18.95	1.94	$19,584
Feb 1997	0	8,016	20.49	2.21	$17,682
Jan 1997	0	9,812	23.48	3.54	$34,732
Dec 1996	0	9,140	23.32	—	$0
Nov 1996	0	11,039	21.97	—	$0
Oct 1996	0	11,537	23.31	—	$0
Sep 1996	0	8,593	22.22	—	$0
Aug 1996	0	11,646	20.26	—	$0
Jul 1996	0	12,533	19.55	—	$0
Jun 1996	0	10,075	18.73	—	$0
May 1996	0	7,430	19.43	—	$0
Apr 1996	0	8,266	21.51	—	$0
Mar 1996	0	9,990	19.38	—	$0
Feb 1996	0	8,404	16.98	—	$0
Jan 1996	0	9,543	17.07	—	$0
Dec 1995	0	10,143	17.19	—	$0
Nov 1995	0	10,701	16.00	—	$0
Oct 1995	0	10,215	15.43	—	$0
Sep 1995	0	12,185	16.18	—	$0
Aug 1995	0	11,854	15.92	—	$0
Jul 1995	0	15,016	15.24	—	$0
Jun 1995	0	6,926	16.41	—	$0
May 1995	0	8,120	17.56	—	$0
Apr 1995	0	8,611	17.73	—	$0
Mar 1995	0	8,208	16.44	—	$0
Feb 1995	0	6,183	16.58	—	$0
Jan 1995	0	10,950	15.92	—	$0
Dec 1994	0	11,804	15.03	—	$0
Nov 1994	0	10,996	15.90	—	$0
Oct 1994	0	8,135	15.58	—	$0
Sep 1994	0	9,074	15.29	—	$0
Aug 1994	0	9,600	16.13	—	$0
Jul 1994	0	9,752	17.56	—	$0
Jun 1994	0	9,367	17.09	—	$0
May 1994	0	9,107	15.88	—	$0
Apr 1994	0	8,945	14.14	—	$0
Mar 1994	0	8,574	12.46	—	$0
Feb 1994	0	8,911	12.50	—	$0
Jan 1994	0	9,766	12.66	—	$0
Dec 1993	0	9,781	12.33	—	$0
Nov 1993	0	10,110	14.49	—	$0
Oct 1993	0	10,270	15.85	—	$0
Sep 1993	0	9,979	15.03	—	$0
Aug 1993	0	9,964	15.66	—	$0
Jul 1993	0	5,864	15.46	—	$0
Jun 1993	0	10,131	16.79	—	$0
May 1993	0	9,447	17.68	—	$0
Apr 1993	0	9,882	18.05	—	$0
Mar 1993	0	9,791	18.14	—	$0
Feb 1993	0	9,061	17.90	—	$0
Jan 1993	0	8,597	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.

Apr 2011 — as filed, then multipliedworked

Condensate             0 bbl  × $105.96 =         $0
Gas                  169 Mcf  × $  4.33 =       $732

────────────────────────────────────────────────────
Month total                                     $732

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/7562 is the state's own key, not one this site invented.