MILAM

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

Operated by RME PETROLEUM COMPANY (P-5 714229) 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 17212District 03Field 50424500OilCasinghead gasSave Export

Value, all time

$240 k

Jan 1993 – Apr 2001

Value, last 12 filed months

at the published price for each month

Months reported

100

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.”

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	12,432 bbl	$233,239
Casinghead gas	Production	2,967 Mcf	$6,435
Total			$239,673

20 Mcf of this lease's gas, across 20 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 30.7519, -96.4025. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.75186, -96.40246 · 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

0.0%

0 of 1 wells

Median depth

8,326 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 8,326 ft.

Completions filed

Jun 2000

1 of 1 wells

1 well


42-04130868	1LT	8,326 ft	Jun 2000	—	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 (100)

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

100 months


Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	0	0	31.23	5.15	$0
Sep 2000	0	0	31.87	5.19	$0
Aug 2000	0	0	29.64	4.54	$0
Jul 2000	0	0	28.53	4.09	$0
Jun 2000	0	0	29.30	4.40	$0
May 2000	0	0	27.26	3.68	$0
Apr 2000	95	0	24.51	3.12	$2,328
Mar 2000	0	0	28.42	2.86	$0
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	165	0	25.27	2.48	$4,170
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	0	0	23.19	2.43	$0
Oct 1999	0	0	20.98	2.80	$0
Sep 1999	0	0	21.75	2.62	$0
Aug 1999	0	0	19.26	2.88	$0
Jul 1999	0	0	17.89	2.37	$0
Jun 1999	0	0	15.94	2.36	$0
May 1999	0	0	15.79	2.32	$0
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	0	0	10.38	1.90	$0
Dec 1998	0	0	9.20	1.77	$0
Nov 1998	0	0	10.89	2.19	$0
Oct 1998	0	0	12.42	1.97	$0
Sep 1998	179	0	12.59	2.08	$2,254
Aug 1998	182	0	11.30	1.91	$2,057
Jul 1998	184	0	11.74	2.24	$2,160
Jun 1998	0	0	11.24	2.24	$0
May 1998	0	0	12.62	2.21	$0
Apr 1998	161	0	13.04	2.51	$2,099
Mar 1998	0	0	12.80	2.31	$0
Feb 1998	159	0	13.95	2.30	$2,218
Jan 1998	177	0	14.70	2.15	$2,602
Dec 1997	0	0	16.32	2.41	$0
Nov 1997	0	0	18.19	3.09	$0
Oct 1997	0	0	19.25	3.15	$0
Sep 1997	350	0	17.74	2.95	$6,209
Aug 1997	179	318	17.86	2.55	$4,009
Jul 1997	360	308	17.58	2.25	$7,021
Jun 1997	357	536	17.24	2.26	$7,365
May 1997	181	513	18.97	2.31	$4,618
Apr 1997	179	484	17.88	2.08	$4,209
Mar 1997	716	788	18.95	1.94	$15,096
Feb 1997	359	0	20.49	2.21	$7,356
Jan 1997	1,075	0	23.48	3.54	$25,241
Dec 1996	1,072	0	23.32	—	$24,999
Nov 1996	1,245	0	21.97	—	$27,353
Oct 1996	542	0	23.31	—	$12,634
Sep 1996	0	0	22.22	—	$0
Aug 1996	175	0	20.26	—	$3,546
Jul 1996	0	0	19.55	—	$0
Jun 1996	181	0	18.73	—	$3,390
May 1996	179	0	19.43	—	$3,478
Apr 1996	0	0	21.51	—	$0
Mar 1996	177	0	19.38	—	$3,430
Feb 1996	0	0	16.98	—	$0
Jan 1996	180	0	17.07	—	$3,073
Dec 1995	180	0	17.19	—	$3,094
Nov 1995	0	0	16.00	—	$0
Oct 1995	0	0	15.43	—	$0
Sep 1995	182	0	16.18	—	$2,945
Aug 1995	179	0	15.92	—	$2,850
Jul 1995	181	0	15.24	—	$2,758
Jun 1995	177	0	16.41	—	$2,905
May 1995	0	0	17.56	—	$0
Apr 1995	0	0	17.73	—	$0
Mar 1995	0	0	16.44	—	$0
Feb 1995	0	0	16.58	—	$0
Jan 1995	180	0	15.92	—	$2,866
Dec 1994	0	0	15.03	—	$0
Nov 1994	176	0	15.90	—	$2,798
Oct 1994	4	0	15.58	—	$62
Sep 1994	178	1	15.29	—	$2,722
Aug 1994	176	1	16.13	—	$2,839
Jul 1994	0	1	17.56	—	$0
Jun 1994	183	1	17.09	—	$3,127
May 1994	180	1	15.88	—	$2,858
Apr 1994	0	1	14.14	—	$0
Mar 1994	172	1	12.46	—	$2,143
Feb 1994	0	1	12.50	—	$0
Jan 1994	446	1	12.66	—	$5,646
Dec 1993	0	1	12.33	—	$0
Nov 1993	0	1	14.49	—	$0
Oct 1993	113	1	15.85	—	$1,791
Sep 1993	0	1	15.03	—	$0
Aug 1993	128	1	15.66	—	$2,004
Jul 1993	244	1	15.46	—	$3,772
Jun 1993	0	0	16.79	—	$0
May 1993	0	1	17.68	—	$0
Apr 1993	168	1	18.05	—	$3,032
Mar 1993	0	1	18.14	—	$0
Feb 1993	186	1	17.90	—	$3,329
Jan 1993	190	1	16.93	—	$3,217

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 2000 — as filed, then multipliedworked

Oil                   95 bbl  × $ 24.51 =     $2,328
Casinghead gas         0 Mcf  × $  3.12 =         $0

────────────────────────────────────────────────────
Month total                                   $2,328

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/17212 is the state's own key, not one this site invented.