EAST TEXAS OIL CO. FEE -C-

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

Oil lease lease 10912District 03Field 93832230OilCasinghead gasSaveExport
Value, all time
$1.0 M
Jan 1993 – Jun 2008
Value, last 12 filed months
$89 k
at the published price for each month
Months reported
186
no gaps in the span
Streams
2
oil, casinghead 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 13 leases and 36 wells, and the rule below applies to all of them.

Discovered
1949-06-07
as the register files it
Field class
Oil
the register's own label
Between wells
933 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres.

The Commission's schedule remark for this field reads: SEPARATED FROM VILLAGE MILLS, EAST (V-Y) 6-1-75

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
OilDisposition22,424 bbl$863,020
Casinghead gasProduction29,796 Mcf$164,398
Total$1,027,419

677 Mcf of this lease's gas, across 3 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 (10)

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 30.4978, -94.3906. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles. 2 wells have no surveyed location and are left out of it.

30.49706, -94.39151 · centre of 8 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%
10 of 10 wells
With a plug date
30.0%
3 of 10 wells
Median depth
6,723 ft
8 wells filed one
Completion to plug
2.3 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
10100.0%
A plug date is filed
330.0%
BothOn the schedule and plugged. Neither fact cancels the other.
330.0%
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

Total depth in feet, 8 of 10 wells. Median 6,723 ft, with the middle half between 6,648 and 7,284 ft; the shallowest is 4,519 ft and the deepest 7,300 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 7 of 10 wells, Apr 1983 – Aug 2014. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Apr 1983 – Aug 2014
7 of 10 wells; 3 filed none
Plug dates filed
Jun 1983 – Oct 1986
3 of 10 wells; 7 filed none

Last completion to plug: a median of 2.3 years across the 2 wells that filed both dates, with the middle half between 20 months and 2.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

10 wells

42-1990058525 T6,640 ftJun 1983Yes
42-199814097Yes
42-1998141550Yes
42-19900579196,796 ftAug 2014Yes
42-199005643 U7,295 ftAug 2008Yes
42-19900581216,650 ftDec 2000Yes
42-19900572127,280 ftJul 1999Yes
42-1990056217,300 ftJun 1994Yes
42-1990056666,650 ftOct 1985Oct 1986Yes
42-1990056554,519 ftApr 1983Oct 1986Yes

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 (186)

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

186 months

Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20085090.388.21$452
Dec 200710088.337.30$883
Nov 2007603291.677.29$5,734
Oct 200719113282.856.92$16,738
Sep 200734918075.846.24$27,592
Aug 200724716269.066.39$18,093
Jul 200725712470.906.39$19,013
Jun 200725411862.007.55$16,639
May 200723712358.747.85$14,886
Apr 200723724059.617.81$16,001
Mar 200712819256.927.30$8,688
Feb 2007402155.108.22$2,377
Jan 2007453550.306.73$2,499
Dec 200623110656.656.92$13,820
Nov 200632118354.207.62$18,792
Oct 200635312454.906.01$20,125
Sep 200619412460.085.04$12,280
Aug 200626730168.717.34$20,555
Jul 20066212269.376.34$5,075
Jun 2006575666.286.38$4,135
May 200614610566.016.42$10,312
Apr 200624540264.397.36$18,734
Mar 200632529856.707.08$20,538
Feb 200623737857.597.75$16,579
Jan 200619329260.598.93$14,302
Dec 200526036854.9413.42$19,221
Nov 200525636054.6910.59$17,812
Oct 200519427558.3413.80$15,112
Sep 200513726361.4512.08$11,595
Aug 200523826261.519.80$17,206
Jul 200518038555.697.84$13,044
Jun 200527139752.337.38$17,112
May 200528139745.226.65$15,347
Apr 200521026149.207.36$12,253
Mar 200519030250.377.15$11,731
Feb 200524129845.226.31$12,779
Jan 200525624743.166.32$12,611
Dec 200433424839.866.75$14,988
Nov 200425127045.286.33$13,074
Oct 200423738649.706.52$14,294
Sep 200424529443.245.28$12,147
Aug 200417718942.375.55$8,549
Jul 200427630338.286.08$12,409
Jun 200424750736.106.43$12,178
May 200429347237.486.49$14,047
Apr 200425939034.475.86$11,213
Mar 200425330234.365.53$10,363
Feb 200421329032.455.51$8,510
Jan 2004968032.036.30$3,579
Dec 20030030.266.30$0
Nov 20035028.804.60$144
Oct 200331028.174.76$873
Sep 200323323526.314.75$7,246
Aug 200320331029.765.13$7,631
Jul 200323024829.415.17$8,047
Jun 200322921028.565.98$7,797
May 200326524126.595.97$8,486
Apr 200338634326.675.41$12,149
Mar 200320737931.146.10$8,756
Feb 200319422433.487.93$8,271
Jan 200334426330.315.58$11,895
Dec 200227821726.914.85$8,534
Nov 200224840524.664.14$7,791
Oct 200223755826.464.23$8,631
Sep 200224155027.443.64$8,612
Aug 200221648625.963.16$7,145
Jul 200230156624.583.06$9,132
Jun 200224457023.733.34$7,693
May 200231643524.663.58$9,352
Apr 200229945023.653.51$8,652
Mar 200227645022.003.10$7,468
Feb 200230449618.222.38$6,717
Jan 200235649017.172.38$7,277
Dec 200150850116.932.36$9,785
Nov 200135950618.072.41$7,704
Oct 200130367819.782.53$7,708
Sep 200132648024.262.25$8,989
Aug 200134946124.873.05$10,087
Jul 200130970623.933.20$9,652
Jun 200131321024.563.82$8,490
May 200133620325.524.31$9,449
Apr 200139051024.685.34$12,346
Mar 200128345624.545.38$9,396
Feb 200136447527.755.77$12,840
Jan 200144059027.478.40$17,042
Dec 200044177526.889.12$18,924
Nov 200049679732.215.66$20,486
Oct 200050170531.235.15$19,274
Sep 20004481,01331.875.19$19,532
Aug 200026953129.644.54$10,384
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 19970019.253.15$0
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 19970017.242.26$0
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 19970018.951.94$0
Feb 19970020.492.21$0
Jan 19970023.483.54$0
Dec 19960023.32$0
Nov 19960021.97$0
Oct 19960023.31$0
Sep 19960022.22$0
Aug 19960020.26$0
Jul 19960019.55$0
Jun 19960018.73$0
May 19960019.43$0
Apr 19960021.51$0
Mar 19960019.38$0
Feb 19960016.98$0
Jan 19960017.07$0
Dec 19950017.19$0
Nov 19950016.00$0
Oct 19950015.43$0
Sep 19950016.18$0
Aug 19950015.92$0
Jul 19950015.24$0
Jun 19950016.41$0
May 19950017.56$0
Apr 19950017.73$0
Mar 19950016.44$0
Feb 19950016.58$0
Jan 19950015.92$0
Dec 19940015.03$0
Nov 19940015.90$0
Oct 19940015.58$0
Sep 19940015.29$0
Aug 19940016.13$0
Jul 19940017.56$0
Jun 19940017.09$0
May 19940015.88$0
Apr 19940014.14$0
Mar 19940012.46$0
Feb 19940012.50$0
Jan 19940012.66$0
Dec 1993126512.33$148
Nov 19930014.49$0
Oct 19930015.85$0
Sep 19930015.03$0
Aug 19930015.66$0
Jul 19930015.46$0
Jun 19930016.79$0
May 19930017.68$0
Apr 19930018.05$0
Mar 19933017918.14$544
Feb 19931843317.90$322
Jan 19930016.93$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.

Jan 2008 — as filed, then multipliedworked
Oil                    5 bbl  × $ 90.38 =       $452
Casinghead gas         0 Mcf  × $  8.21 =         $0

────────────────────────────────────────────────────
Month total                                     $452

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/O/10912 is the state's own key, not one this site invented.