TXI

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

Operated by GAITHER PETROLEUM CORPORATION (P-5 292850) in the CORNERSTONE, N.E. (CLODINE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 17122District 03Field 20652300NGPA filingOilCasinghead gasSave Export

Value, all time

$1.1 M

Jan 1993 – Apr 2007

Value, last 12 filed months

$8 k

at the published price for each month

Months reported

172

no gaps in the span

Streams

oil, casinghead gas

The CORNERSTONE, N.E. (CLODINE) 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 1 leases and 2 wells, and the rule below applies to all of them.

Discovered

1983-10-31

as the register files it

Field class

Oil

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

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	2	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	50,519 bbl	$1,076,175
Casinghead gas	Production	2,754 Mcf	$11,001
Total			$1,087,176

22 Mcf of this lease's gas, across 22 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 29.6857, -95.7091. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

29.68576, -95.70913 · 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

8,268 ft

2 wells filed one

Completion to plug

13.9 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 8,219 and 8,316 ft, median 8,268 ft, over the 2 wells that filed a depth.

Completions filed

Oct 1983 – Oct 1984

2 of 2 wells

Plug dates filed

Aug 1989 – Oct 2006

2 of 2 wells

Last completion to plug: a median of 13.9 years across the 2 wells that filed both dates, with the middle half between 9.4 years and 18.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-15731575	2	8,219 ft	Oct 1984	Aug 1989	Yes
42-15731447	1	8,316 ft	Oct 1983	Oct 2006	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 (172)

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

172 months


Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	152	0	54.20	7.62	$8,238
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	181	0	50.37	7.15	$9,117
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	178	0	43.16	6.32	$7,682
Dec 2004	168	20	39.86	6.75	$6,832
Nov 2004	0	18	45.28	6.33	$114
Oct 2004	505	16	49.70	6.52	$25,203
Sep 2004	0	23	43.24	5.28	$122
Aug 2004	0	19	42.37	5.55	$105
Jul 2004	172	4	38.28	6.08	$6,609
Jun 2004	173	43	36.10	6.43	$6,522
May 2004	341	24	37.48	6.49	$12,937
Apr 2004	162	33	34.47	5.86	$5,777
Mar 2004	335	29	34.36	5.53	$11,671
Feb 2004	345	33	32.45	5.51	$11,377
Jan 2004	178	29	32.03	6.30	$5,884
Dec 2003	180	30	30.26	6.30	$5,636
Nov 2003	516	10	28.80	4.60	$14,907
Oct 2003	0	32	28.17	4.76	$152
Sep 2003	0	9	26.31	4.75	$43
Aug 2003	0	4	29.76	5.13	$21
Jul 2003	339	26	29.41	5.17	$10,104
Jun 2003	188	39	28.56	5.98	$5,603
May 2003	173	22	26.59	5.97	$4,731
Apr 2003	173	25	26.67	5.41	$4,749
Mar 2003	549	11	31.14	6.10	$17,163
Feb 2003	0	22	33.48	7.93	$174
Jan 2003	338	18	30.31	5.58	$10,345
Dec 2002	180	35	26.91	4.85	$5,014
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	349	59	26.46	4.23	$9,484
Sep 2002	184	48	27.44	3.64	$5,223
Aug 2002	167	18	25.96	3.16	$4,392
Jul 2002	359	34	24.58	3.06	$8,928
Jun 2002	353	58	23.73	3.34	$8,570
May 2002	526	47	24.66	3.58	$13,140
Apr 2002	172	40	23.65	3.51	$4,208
Mar 2002	539	22	22.00	3.10	$11,926
Feb 2002	357	43	18.22	2.38	$6,607
Jan 2002	327	13	17.17	2.38	$5,645
Dec 2001	0	41	16.93	2.36	$97
Nov 2001	355	19	18.07	2.41	$6,461
Oct 2001	0	45	19.78	2.53	$114
Sep 2001	173	9	24.26	2.25	$4,217
Aug 2001	171	20	24.87	3.05	$4,314
Jul 2001	172	38	23.93	3.20	$4,237
Jun 2001	348	51	24.56	3.82	$8,742
May 2001	188	9	25.52	4.31	$4,837
Apr 2001	159	12	24.68	5.34	$3,988
Mar 2001	352	64	24.54	5.38	$8,982
Feb 2001	353	49	27.75	5.77	$10,078
Jan 2001	541	23	27.47	8.40	$15,054
Dec 2000	358	66	26.88	9.12	$10,225
Nov 2000	350	52	32.21	5.66	$11,568
Oct 2000	690	78	31.23	5.15	$21,950
Sep 2000	367	44	31.87	5.19	$11,925
Aug 2000	184	27	29.64	4.54	$5,576
Jul 2000	517	53	28.53	4.09	$14,967
Jun 2000	520	70	29.30	4.40	$15,544
May 2000	548	67	27.26	3.68	$15,185
Apr 2000	724	73	24.51	3.12	$17,973
Mar 2000	375	55	28.42	2.86	$10,815
Feb 2000	890	82	27.62	2.73	$24,805
Jan 2000	364	74	25.27	2.48	$9,382
Dec 1999	534	79	24.28	2.42	$13,157
Nov 1999	522	37	23.19	2.43	$12,195
Oct 1999	363	65	20.98	2.80	$7,798
Sep 1999	0	0	21.75	2.62	$0
Aug 1999	181	8	19.26	2.88	$3,509
Jul 1999	586	52	17.89	2.37	$10,607
Jun 1999	358	24	15.94	2.36	$5,763
May 1999	160	390	15.79	2.32	$3,432
Apr 1999	0	0	15.10	2.21	$0
Mar 1999	0	0	12.47	1.84	$0
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	149	0	10.38	1.90	$1,547
Dec 1998	0	0	9.20	1.77	$0
Nov 1998	0	0	10.89	2.19	$0
Oct 1998	253	0	12.42	1.97	$3,142
Sep 1998	255	0	12.59	2.08	$3,210
Aug 1998	352	0	11.30	1.91	$3,978
Jul 1998	261	0	11.74	2.24	$3,064
Jun 1998	172	0	11.24	2.24	$1,933
May 1998	352	0	12.62	2.21	$4,442
Apr 1998	270	0	13.04	2.51	$3,521
Mar 1998	268	0	12.80	2.31	$3,430
Feb 1998	362	0	13.95	2.30	$5,050
Jan 1998	537	0	14.70	2.15	$7,894
Dec 1997	357	0	16.32	2.41	$5,826
Nov 1997	266	0	18.19	3.09	$4,839
Oct 1997	268	0	19.25	3.15	$5,159
Sep 1997	360	0	17.74	2.95	$6,386
Aug 1997	177	0	17.86	2.55	$3,161
Jul 1997	362	0	17.58	2.25	$6,364
Jun 1997	270	0	17.24	2.26	$4,655
May 1997	271	0	18.97	2.31	$5,141
Apr 1997	281	0	17.88	2.08	$5,024
Mar 1997	344	0	18.95	1.94	$6,519
Feb 1997	447	0	20.49	2.21	$9,159
Jan 1997	279	0	23.48	3.54	$6,551
Dec 1996	274	0	23.32	—	$6,390
Nov 1996	454	0	21.97	—	$9,974
Oct 1996	458	0	23.31	—	$10,676
Sep 1996	380	0	22.22	—	$8,444
Aug 1996	536	0	20.26	—	$10,859
Jul 1996	1,073	0	19.55	—	$20,977
Jun 1996	373	0	18.73	—	$6,986
May 1996	921	0	19.43	—	$17,895
Apr 1996	703	0	21.51	—	$15,122
Mar 1996	898	0	19.38	—	$17,403
Feb 1996	1,106	0	16.98	—	$18,780
Jan 1996	893	0	17.07	—	$15,244
Dec 1995	913	0	17.19	—	$15,694
Nov 1995	360	0	16.00	—	$5,760
Oct 1995	542	0	15.43	—	$8,363
Sep 1995	358	0	16.18	—	$5,792
Aug 1995	720	0	15.92	—	$11,462
Jul 1995	541	0	15.24	—	$8,245
Jun 1995	358	0	16.41	—	$5,875
May 1995	535	0	17.56	—	$9,395
Apr 1995	551	0	17.73	—	$9,769
Mar 1995	705	0	16.44	—	$11,590
Feb 1995	362	0	16.58	—	$6,002
Jan 1995	530	0	15.92	—	$8,438
Dec 1994	425	0	15.03	—	$6,388
Nov 1994	0	0	15.90	—	$0
Oct 1994	0	1	15.58	—	$0
Sep 1994	177	1	15.29	—	$2,706
Aug 1994	360	1	16.13	—	$5,807
Jul 1994	7	1	17.56	—	$123
Jun 1994	724	1	17.09	—	$12,373
May 1994	0	1	15.88	—	$0
Apr 1994	540	1	14.14	—	$7,636
Mar 1994	186	1	12.46	—	$2,318
Feb 1994	535	1	12.50	—	$6,688
Jan 1994	361	1	12.66	—	$4,570
Dec 1993	365	1	12.33	—	$4,500
Nov 1993	551	1	14.49	—	$7,984
Oct 1993	188	1	15.85	—	$2,980
Sep 1993	6	1	15.03	—	$90
Aug 1993	538	1	15.66	—	$8,425
Jul 1993	526	1	15.46	—	$8,132
Jun 1993	556	1	16.79	—	$9,335
May 1993	724	1	17.68	—	$12,800
Apr 1993	550	1	18.05	—	$9,928
Mar 1993	1,433	1	18.14	—	$25,995
Feb 1993	3	1	17.90	—	$54
Jan 1993	45	1	16.93	—	$762

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.

Nov 2006 — as filed, then multipliedworked

Oil                  152 bbl  × $ 54.20 =     $8,238
Casinghead gas         0 Mcf  × $  7.62 =         $0

────────────────────────────────────────────────────
Month total                                   $8,238

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/17122 is the state's own key, not one this site invented.