SMITH, J.P.

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

Operated by SOUTHWEST RESOURCES, INC. (P-5 806471) in the KURTEN (BUDA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 16975District 03Field 50424500NGPA filingOilCasinghead gasSave Export

Value, all time

$564 k

Jan 1993 – May 2005

Value, last 12 filed months

$7 k

at the published price for each month

Months reported

149

no gaps in the span

Streams

oil, casinghead gas

The KURTEN (BUDA) 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 456 leases and 533 wells, and the rule below applies to all of them.

Discovered

1976-12-02

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,200 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2015-03-24.

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA SET TO 100 % ACRES.”

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
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
Oil	Disposition	29,116 bbl	$526,915
Casinghead gas	Production	20,169 Mcf	$36,678
Total			$563,593

9,321 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 (2)

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 30.7917, -96.3906. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

30.79173, -96.39062 · 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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

8,260 ft

2 wells filed one

Completion to plug

17.2 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

2100.0%

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

Between 8,220 and 8,300 ft, median 8,260 ft, over the 2 wells that filed a depth.

Completions filed

Oct 1983 – Jan 1984

2 of 2 wells

Plug dates filed

Jan 1997 – Feb 2005

2 of 2 wells

Last completion to plug: a median of 17.2 years across the 2 wells that filed both dates, with the middle half between 15.1 years and 19.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-04131069	2	8,300 ft	Jan 1984	Jan 1997	Yes
42-04131018	1	8,220 ft	Oct 1983	Feb 2005	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 (149)

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

149 months


May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	72	0	45.22	6.31	$3,256
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	85	0	42.37	5.55	$3,601
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	115	0	37.48	6.49	$4,310
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	102	32.45	5.51	$562
Jan 2004	0	102	32.03	6.30	$643
Dec 2003	0	102	30.26	6.30	$643
Nov 2003	0	75	28.80	4.60	$345
Oct 2003	0	75	28.17	4.76	$357
Sep 2003	329	82	26.31	4.75	$9,045
Aug 2003	0	109	29.76	5.13	$559
Jul 2003	0	88	29.41	5.17	$455
Jun 2003	0	95	28.56	5.98	$568
May 2003	0	95	26.59	5.97	$567
Apr 2003	0	54	26.67	5.41	$292
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	171	150	26.91	4.85	$5,330
Nov 2002	1	150	24.66	4.14	$645
Oct 2002	3	109	26.46	4.23	$540
Sep 2002	111	177	27.44	3.64	$3,689
Aug 2002	172	184	25.96	3.16	$5,047
Jul 2002	5	211	24.58	3.06	$769
Jun 2002	3	143	23.73	3.34	$549
May 2002	511	197	24.66	3.58	$13,307
Apr 2002	5	190	23.65	3.51	$786
Mar 2002	4	211	22.00	3.10	$743
Feb 2002	9	170	18.22	2.38	$568
Jan 2002	9	143	17.17	2.38	$494
Dec 2001	1	61	16.93	2.36	$161
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	5	34	19.78	2.53	$185
Sep 2001	0	14	24.26	2.25	$32
Aug 2001	0	190	24.87	3.05	$580
Jul 2001	184	129	23.93	3.20	$4,816
Jun 2001	0	41	24.56	3.82	$157
May 2001	178	143	25.52	4.31	$5,159
Apr 2001	12	156	24.68	5.34	$1,128
Mar 2001	190	211	24.54	5.38	$5,797
Feb 2001	5	184	27.75	5.77	$1,200
Jan 2001	0	27	27.47	8.40	$227
Dec 2000	1	150	26.88	9.12	$1,395
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	0	61	31.23	5.15	$314
Sep 2000	185	150	31.87	5.19	$6,674
Aug 2000	0	184	29.64	4.54	$836
Jul 2000	0	116	28.53	4.09	$474
Jun 2000	190	204	29.30	4.40	$6,464
May 2000	2	190	27.26	3.68	$754
Apr 2000	329	177	24.51	3.12	$8,615
Mar 2000	2	177	28.42	2.86	$563
Feb 2000	2	136	27.62	2.73	$426
Jan 2000	1	68	25.27	2.48	$194
Dec 1999	194	34	24.28	2.42	$4,793
Nov 1999	0	170	23.19	2.43	$414
Oct 1999	197	136	20.98	2.80	$4,514
Sep 1999	0	136	21.75	2.62	$356
Aug 1999	201	184	19.26	2.88	$4,400
Jul 1999	0	150	17.89	2.37	$356
Jun 1999	349	197	15.94	2.36	$6,028
May 1999	377	184	15.79	2.32	$6,380
Apr 1999	0	27	15.10	2.21	$60
Mar 1999	0	0	12.47	1.84	$0
Feb 1999	0	27	9.98	1.82	$49
Jan 1999	171	190	10.38	1.90	$2,136
Dec 1998	183	190	9.20	1.77	$2,021
Nov 1998	180	177	10.89	2.19	$2,347
Oct 1998	1	197	12.42	1.97	$400
Sep 1998	368	163	12.59	2.08	$4,973
Aug 1998	184	184	11.30	1.91	$2,430
Jul 1998	0	150	11.74	2.24	$336
Jun 1998	2	197	11.24	2.24	$463
May 1998	351	211	12.62	2.21	$4,895
Apr 1998	179	129	13.04	2.51	$2,657
Mar 1998	184	211	12.80	2.31	$2,842
Feb 1998	185	143	13.95	2.30	$2,910
Jan 1998	370	184	14.70	2.15	$5,835
Dec 1997	184	197	16.32	2.41	$3,478
Nov 1997	181	197	18.19	3.09	$3,901
Oct 1997	519	211	19.25	3.15	$10,655
Sep 1997	575	204	17.74	2.95	$10,803
Aug 1997	369	156	17.86	2.55	$6,989
Jul 1997	707	190	17.58	2.25	$12,856
Jun 1997	1	95	17.24	2.26	$232
May 1997	0	0	18.97	2.31	$0
Apr 1997	0	0	17.88	2.08	$0
Mar 1997	0	0	18.95	1.94	$0
Feb 1997	0	54	20.49	2.21	$119
Jan 1997	170	156	23.48	3.54	$4,544
Dec 1996	556	211	23.32	—	$12,966
Nov 1996	1,098	166	21.97	—	$24,123
Oct 1996	757	216	23.31	—	$17,646
Sep 1996	964	197	22.22	—	$21,420
Aug 1996	182	171	20.26	—	$3,687
Jul 1996	376	211	19.55	—	$7,351
Jun 1996	192	127	18.73	—	$3,596
May 1996	919	209	19.43	—	$17,856
Apr 1996	195	113	21.51	—	$4,194
Mar 1996	361	73	19.38	—	$6,996
Feb 1996	177	171	16.98	—	$3,005
Jan 1996	190	194	17.07	—	$3,243
Dec 1995	182	184	17.19	—	$3,129
Nov 1995	185	210	16.00	—	$2,960
Oct 1995	364	222	15.43	—	$5,617
Sep 1995	178	214	16.18	—	$2,880
Aug 1995	187	195	15.92	—	$2,977
Jul 1995	553	220	15.24	—	$8,428
Jun 1995	188	194	16.41	—	$3,085
May 1995	562	183	17.56	—	$9,869
Apr 1995	356	197	17.73	—	$6,312
Mar 1995	178	202	16.44	—	$2,926
Feb 1995	356	170	16.58	—	$5,902
Jan 1995	369	136	15.92	—	$5,874
Dec 1994	176	177	15.03	—	$2,645
Nov 1994	537	205	15.90	—	$8,538
Oct 1994	362	197	15.58	—	$5,640
Sep 1994	356	207	15.29	—	$5,443
Aug 1994	362	209	16.13	—	$5,839
Jul 1994	358	224	17.56	—	$6,286
Jun 1994	363	195	17.09	—	$6,204
May 1994	339	210	15.88	—	$5,383
Apr 1994	499	176	14.14	—	$7,056
Mar 1994	510	215	12.46	—	$6,355
Feb 1994	503	198	12.50	—	$6,288
Jan 1994	493	225	12.66	—	$6,241
Dec 1993	176	224	12.33	—	$2,170
Nov 1993	502	197	14.49	—	$7,274
Oct 1993	512	202	15.85	—	$8,115
Sep 1993	697	217	15.03	—	$10,476
Aug 1993	814	210	15.66	—	$12,747
Jul 1993	344	209	15.46	—	$5,318
Jun 1993	350	199	16.79	—	$5,877
May 1993	539	217	17.68	—	$9,530
Apr 1993	342	205	18.05	—	$6,173
Mar 1993	370	214	18.14	—	$6,712
Feb 1993	181	195	17.90	—	$3,240
Jan 1993	532	208	16.93	—	$9,007

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.

Feb 2005 — as filed, then multipliedworked

Oil                   72 bbl  × $ 45.22 =     $3,256
Casinghead gas         0 Mcf  × $  6.31 =         $0

────────────────────────────────────────────────────
Month total                                   $3,256

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/16975 is the state's own key, not one this site invented.