LOVELL LAKE FRIO 1 GU

Operated by MILESTONE OPERATING, INC. (P-5 567103) in the LOVELLS LAKE (FRIO 1) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 80946District 03Field 55184213GasSaveExport
Value, all time
$763 k
Jan 1993 – Nov 2007
Value, last 12 filed months
$23 k
at the published price for each month
Months reported
179
no gaps in the span
Streams
1
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 65 leases and 89 wells, and the rule below applies to all of them.

Discovered
1948-02-04
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres.

The Commission's schedule remark for this field reads: BALANCING RULE IN EFFECT.

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
GasProduction566,456 Mcf$763,435
Total$763,435

349,756 Mcf of this lease's gas, across 47 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 29.9576, -94.1235. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.95758, -94.12347 · 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
0.0%
0 of 1 wells
Median depth
7,721 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 7,721 ft.

Completions filed
Apr 2009
1 of 1 wells

1 well

42-24501708157,721 ftApr 2009Yes

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 (179)

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

179 months

Nov 2007091.677.29$0
Oct 2007082.856.92$0
Sep 2007075.846.24$0
Aug 2007069.066.39$0
Jul 200715370.906.39$977
Jun 200726162.007.55$1,970
May 200724358.747.85$1,907
Apr 200743559.617.81$3,395
Mar 200796356.927.30$7,032
Feb 200769255.108.22$5,685
Jan 20079950.306.73$666
Dec 200617156.656.92$1,183
Nov 200623554.207.62$1,790
Oct 200620554.906.01$1,233
Sep 200625060.085.04$1,259
Aug 200633468.717.34$2,452
Jul 200618469.376.34$1,167
Jun 200616466.286.38$1,047
May 200619566.016.42$1,253
Apr 200616564.397.36$1,214
Mar 200640356.707.08$2,854
Feb 200640657.597.75$3,147
Jan 200641960.598.93$3,743
Dec 200542354.9413.42$5,675
Nov 200544054.6910.59$4,659
Oct 200540358.3413.80$5,560
Sep 200529061.4512.08$3,503
Aug 200586061.519.80$8,425
Jul 200554355.697.84$4,259
Jun 20051,01552.337.38$7,492
May 200589145.226.65$5,926
Apr 200552549.207.36$3,864
Mar 200561050.377.15$4,364
Feb 200571645.226.31$4,519
Jan 200558343.166.32$3,686
Dec 200450939.866.75$3,436
Nov 200470045.286.33$4,431
Oct 200469549.706.52$4,528
Sep 200485143.245.28$4,497
Aug 20041,01342.375.55$5,623
Jul 200468538.286.08$4,168
Jun 200483636.106.43$5,378
May 200487437.486.49$5,676
Apr 200471734.475.86$4,201
Mar 200470334.365.53$3,888
Feb 20041,06932.455.51$5,890
Jan 200468232.036.30$4,296
Dec 20031,02830.266.30$6,478
Nov 20031,06028.804.60$4,871
Oct 200390628.174.76$4,312
Sep 200393026.314.75$4,417
Aug 20031,01429.765.13$5,202
Jul 20031,07029.415.17$5,533
Jun 20031,06828.565.98$6,390
May 20031,27126.595.97$7,591
Apr 20031,20826.675.41$6,532
Mar 20031,51931.146.10$9,260
Feb 20031,03533.487.93$8,203
Jan 200315230.315.58$848
Dec 200268626.914.85$3,330
Nov 20021,15624.664.14$4,782
Oct 20021,22826.464.23$5,193
Sep 20021,42627.443.64$5,184
Aug 200293025.963.16$2,943
Jul 20021,00024.583.06$3,062
Jun 200276723.733.34$2,560
May 200293724.663.58$3,358
Apr 200298523.653.51$3,460
Mar 20021,77122.003.10$5,495
Feb 20021,50218.222.38$3,568
Jan 20022,34617.172.38$5,573
Dec 20012,04216.932.36$4,828
Nov 20011,81618.072.41$4,368
Oct 20011,92519.782.53$4,868
Sep 20011,22124.262.25$2,749
Aug 20011,59424.873.05$4,867
Jul 20011,39123.933.20$4,447
Jun 20011,57724.563.82$6,031
May 20011,90425.524.31$8,201
Apr 20011,79324.685.34$9,566
Mar 20012,63524.545.38$14,167
Feb 20011,61427.755.77$9,308
Jan 20011,61527.478.40$13,564
Dec 20001,99226.889.12$18,172
Nov 20001,94232.215.66$10,988
Oct 20001,55731.235.15$8,012
Sep 20001,88931.875.19$9,797
Aug 20002,10629.644.54$9,563
Jul 20002,32028.534.09$9,488
Jun 20002,39529.304.40$10,531
May 20002,40027.263.68$8,831
Apr 20002,31224.513.12$7,204
Mar 20002,42528.422.86$6,935
Feb 20002,53527.622.73$6,912
Jan 20002,40025.272.48$5,953
Dec 19992,08624.282.42$5,056
Nov 19992,27023.192.43$5,525
Oct 19992,69820.982.80$7,564
Sep 19992,63621.752.62$6,903
Aug 19992,90819.262.88$8,362
Jul 19993,10017.892.37$7,354
Jun 19992,82515.942.36$6,673
May 19992,86815.792.32$6,657
Apr 19992,89215.102.21$6,386
Mar 19991,93112.471.84$3,550
Feb 19991,6969.981.82$3,083
Jan 19992,75610.381.90$5,236
Dec 19982,6869.201.77$4,763
Nov 19982,74610.892.19$6,002
Oct 19982,92612.421.97$5,762
Sep 19983,03212.592.08$6,315
Aug 19983,10111.301.91$5,915
Jul 19983,13311.742.24$7,009
Jun 19983,15211.242.24$7,052
May 19983,30912.622.21$7,301
Apr 19983,27313.042.51$8,200
Mar 19984,14412.802.31$9,570
Feb 19983,96613.952.30$9,118
Jan 19984,38714.702.15$9,453
Dec 19974,33816.322.41$10,459
Nov 19974,12618.193.09$12,742
Oct 19974,33219.253.15$13,645
Sep 19974,55817.742.95$13,468
Aug 19974,84317.862.55$12,373
Jul 19974,82517.582.25$10,841
Jun 19974,77617.242.26$10,780
May 19975,01018.972.31$11,566
Apr 19974,91217.882.08$10,231
Mar 19974,39818.951.94$8,528
Feb 199718120.492.21$399
Jan 19972,87523.483.54$10,177
Dec 19965,36523.32$0
Nov 19964,15021.97$0
Oct 19964,49823.31$0
Sep 19965,31122.22$0
Aug 19964,99920.26$0
Jul 19965,04619.55$0
Jun 19963,04618.73$0
May 19965,20619.43$0
Apr 19965,35021.51$0
Mar 19966,10619.38$0
Feb 19966,37316.98$0
Jan 19966,30417.07$0
Dec 19956,21417.19$0
Nov 19956,18016.00$0
Oct 19956,73715.43$0
Sep 19956,80216.18$0
Aug 19956,32415.92$0
Jul 19956,52215.24$0
Jun 19956,54916.41$0
May 19956,73717.56$0
Apr 19956,14617.73$0
Mar 19957,10016.44$0
Feb 19956,20516.58$0
Jan 19958,59315.92$0
Dec 19947,15615.03$0
Nov 19948,82015.90$0
Oct 19949,46115.58$0
Sep 19949,25715.29$0
Aug 19948,61516.13$0
Jul 19949,29217.56$0
Jun 19948,64117.09$0
May 19949,07315.88$0
Apr 19949,20914.14$0
Mar 19948,92912.46$0
Feb 19948,34912.50$0
Jan 199410,55112.66$0
Dec 199310,51112.33$0
Nov 199310,72714.49$0
Oct 19939,13815.85$0
Sep 199311,37415.03$0
Aug 199312,52515.66$0
Jul 199312,82015.46$0
Jun 199311,42416.79$0
May 199311,08717.68$0
Apr 19938,21918.05$0
Mar 19931,71618.14$0
Feb 199399917.90$0
Jan 1993016.93$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.

Jul 2007 — as filed, then multipliedworked
Gas                  153 Mcf  × $  6.39 =       $977

────────────────────────────────────────────────────
Month total                                     $977

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/80946 is the state's own key, not one this site invented.