SHERIDAN

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

Operated by HOC OPERATING CO., INC. (P-5 390658) in the MOHAT, WEST (8790) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 17590District 03Field 62374750NGPA filingOilCasinghead gasSave Export

Value, all time

$2.0 M

Jan 1993 – Jun 1999

Value, last 12 filed months

$25 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The MOHAT, WEST (8790) 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 3 leases and 5 wells, and the rule below applies to all of them.

Discovered

1984-12-29

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	3	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	113,458 bbl	$1,911,589
Casinghead gas	Production	89,192 Mcf	$74,035
Total			$1,985,624

57,712 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 (3)

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 29.5940, -96.3852. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

29.59367, -96.38478 · 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%

3 of 3 wells

With a plug date

33.3%

1 of 3 wells

Median depth

9,854 ft

3 wells filed one

Completion to plug

11.6 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

3100.0%

A plug date is filed

133.3%

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

133.3%

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 9,770 and 10,212 ft, median 9,854 ft, over the 3 wells that filed a depth.

Completions filed

Apr 1991 – Jan 2018

3 of 3 wells

Plug dates filed

Nov 2002

1 of 3 wells; 2 filed none

Last completion to plug: a median of 11.6 years across the 1 well that filed both dates, with the middle half between 11.6 years and 11.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells


42-08931444	1	9,770 ft	Jan 2018	—	Yes
42-08931487	2	10,212 ft	Oct 1998	—	Yes
42-08931525	3	9,854 ft	Apr 1991	Nov 2002	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 (78)

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

78 months


Jun 1999	0	0	15.94	2.36	$0
May 1999	0	0	15.79	2.32	$0
Apr 1999	90	0	15.10	2.21	$1,359
Mar 1999	0	120	12.47	1.84	$221
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	162	340	10.89	2.19	$2,507
Oct 1998	183	560	12.42	1.97	$3,376
Sep 1998	187	647	12.59	2.08	$3,702
Aug 1998	373	2,009	11.30	1.91	$8,047
Jul 1998	366	580	11.74	2.24	$5,594
Jun 1998	614	603	11.24	2.24	$8,250
May 1998	729	658	12.62	2.21	$10,652
Apr 1998	945	603	13.04	2.51	$13,834
Mar 1998	1,112	2,429	12.80	2.31	$19,843
Feb 1998	989	1,896	13.95	2.30	$18,156
Jan 1998	1,303	714	14.70	2.15	$20,693
Dec 1997	1,098	981	16.32	2.41	$20,285
Nov 1997	1,477	1,223	18.19	3.09	$30,644
Oct 1997	1,342	627	19.25	3.15	$27,808
Sep 1997	1,596	1,443	17.74	2.95	$32,577
Aug 1997	1,391	2,734	17.86	2.55	$31,828
Jul 1997	1,447	2,700	17.58	2.25	$31,505
Jun 1997	1,493	2,120	17.24	2.26	$30,525
May 1997	1,509	1,946	18.97	2.31	$33,118
Apr 1997	1,473	2,161	17.88	2.08	$30,838
Mar 1997	1,539	2,041	18.95	1.94	$33,122
Feb 1997	1,506	1,347	20.49	2.21	$33,829
Jan 1997	1,608	998	23.48	3.54	$41,288
Dec 1996	1,072	834	23.32	—	$24,999
Nov 1996	1,127	1,210	21.97	—	$24,760
Oct 1996	2,017	770	23.31	—	$47,016
Sep 1996	1,877	824	22.22	—	$41,707
Aug 1996	2,196	1,014	20.26	—	$44,491
Jul 1996	1,820	620	19.55	—	$35,581
Jun 1996	1,810	925	18.73	—	$33,901
May 1996	1,857	836	19.43	—	$36,082
Apr 1996	1,669	911	21.51	—	$35,900
Mar 1996	1,679	1,555	19.38	—	$32,539
Feb 1996	1,515	926	16.98	—	$25,725
Jan 1996	1,486	869	17.07	—	$25,366
Dec 1995	1,091	570	17.19	—	$18,754
Nov 1995	1,852	1,219	16.00	—	$29,632
Oct 1995	896	674	15.43	—	$13,825
Sep 1995	480	701	16.18	—	$7,766
Aug 1995	910	788	15.92	—	$14,487
Jul 1995	374	714	15.24	—	$5,700
Jun 1995	218	583	16.41	—	$3,577
May 1995	735	540	17.56	—	$12,907
Apr 1995	1,091	600	17.73	—	$19,343
Mar 1995	1,839	620	16.44	—	$30,233
Feb 1995	2,215	560	16.58	—	$36,725
Jan 1995	1,583	620	15.92	—	$25,201
Dec 1994	2,136	620	15.03	—	$32,104
Nov 1994	2,167	1,289	15.90	—	$34,455
Oct 1994	2,481	1,193	15.58	—	$38,654
Sep 1994	2,162	752	15.29	—	$33,057
Aug 1994	2,571	701	16.13	—	$41,470
Jul 1994	2,490	773	17.56	—	$43,724
Jun 1994	2,343	2,821	17.09	—	$40,042
May 1994	2,686	3,511	15.88	—	$42,654
Apr 1994	2,483	589	14.14	—	$35,110
Mar 1994	2,345	303	12.46	—	$29,219
Feb 1994	2,392	1,509	12.50	—	$29,900
Jan 1994	2,368	238	12.66	—	$29,979
Dec 1993	2,625	216	12.33	—	$32,366
Nov 1993	2,349	925	14.49	—	$34,037
Oct 1993	2,709	2,180	15.85	—	$42,938
Sep 1993	2,486	1,983	15.03	—	$37,365
Aug 1993	1,812	755	15.66	—	$28,376
Jul 1993	1,020	394	15.46	—	$15,769
Jun 1993	2,503	2,299	16.79	—	$42,025
May 1993	1,983	3,875	17.68	—	$35,059
Apr 1993	2,716	4,416	18.05	—	$49,024
Mar 1993	1,999	2,126	18.14	—	$36,262
Feb 1993	2,885	2,212	17.90	—	$51,642
Jan 1993	1,806	2,549	16.93	—	$30,576

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 1999 — as filed, then multipliedworked

Oil                   90 bbl  × $ 15.10 =     $1,359
Casinghead gas         0 Mcf  × $  2.21 =         $0

────────────────────────────────────────────────────
Month total                                   $1,359

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/17590 is the state's own key, not one this site invented.