WILSON, J. A.

Operated by FAULCONER, VERNON E., INC. (P-5 263701) in the MADISONVILLE, NE. (DEXTER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 18306District 03Field 56593500NGPA filingOilCasinghead gasSaveExport
Value, all time
$862 k
Jan 1993 – Oct 2010
Value, last 12 filed months
$0
at the published price for each month
Months reported
214
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 32 leases and 35 wells, and the rule below applies to all of them.

Discovered
1960-09-04
as the register files it
Field class
Oil
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 80 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.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA1none

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.

StreamBasisVolumeValue
OilDisposition24,341 bbl$496,947
Casinghead gasProduction235,309 Mcf$364,716
Total$861,663

124,552 Mcf of this lease's gas, across 44 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 30.9138, -96.0204. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.91375, -96.02044 · centre of the 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%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
9,214 ft
1 wells filed one
Completion to plug
25.5 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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 9,214 ft.

Completions filed
Dec 1984
1 of 1 wells
Plug dates filed
Jun 2010
1 of 1 wells

Last completion to plug: a median of 25.5 years across the 1 well that filed both dates, with the middle half between 25.5 years and 25.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-3133053719,214 ftDec 1984Jun 2010Yes

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 (214)

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

214 months

Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 2009137442.144.06$5,789
Feb 2009027932.814.63$1,293
Jan 20090735.865.37$38
Dec 2008018137.105.98$1,082
Nov 200806655.496.86$453
Oct 2008012675.246.92$872
Sep 20080129101.767.88$1,016
Aug 20080105114.228.48$891
Jul 2008054131.0811.39$615
Jun 200805131.3313.03$65
May 2008083123.1711.57$961
Apr 2008032110.3110.45$335
Mar 2008095101.909.66$918
Feb 20080092.538.77$0
Jan 200801290.388.21$98
Dec 20070288.337.30$15
Nov 20070791.677.29$51
Oct 200703582.856.92$242
Sep 200701275.846.24$75
Aug 20070169.066.39$6
Jul 200706870.906.39$434
Jun 20070862.007.55$60
May 20070558.747.85$39
Apr 2007031859.617.81$2,482
Mar 200703656.927.30$263
Feb 20071914155.108.22$10,861
Jan 200701350.306.73$87
Dec 20060456.656.92$28
Nov 200603454.207.62$259
Oct 200608454.906.01$505
Sep 20060460.085.04$20
Aug 200607468.717.34$543
Jul 200605069.376.34$317
Jun 2006014266.286.38$907
May 2006015066.016.42$964
Apr 2006010964.397.36$802
Mar 200605356.707.08$375
Feb 200605257.597.75$403
Jan 20061857960.598.93$11,915
Dec 2005011254.9413.42$1,503
Nov 200509454.6910.59$995
Oct 2005010358.3413.80$1,421
Sep 200507161.4512.08$858
Aug 2005023861.519.80$2,332
Jul 200506855.697.84$533
Jun 200505052.337.38$369
May 2005018545.226.65$1,230
Apr 200504949.207.36$361
Mar 2005048850.377.15$3,492
Feb 2005011245.226.31$707
Jan 2005019943.166.32$1,258
Dec 200407739.866.75$520
Nov 200418456545.286.33$11,908
Oct 2004031649.706.52$2,059
Sep 2004054343.245.28$2,869
Aug 200406742.375.55$372
Jul 20041786038.286.08$7,179
Jun 2004042036.106.43$2,702
May 200418111237.486.49$7,511
Apr 2004017834.475.86$1,043
Mar 200402934.365.53$160
Feb 2004017032.455.51$937
Jan 20041847132.036.30$6,341
Dec 2003015830.266.30$996
Nov 2003014528.804.60$666
Oct 200304728.174.76$224
Sep 200302926.314.75$138
Aug 2003036729.765.13$1,883
Jul 2003019629.415.17$1,013
Jun 200317831128.565.98$6,944
May 2003012826.595.97$765
Apr 200305226.675.41$281
Mar 200319055131.146.10$9,276
Feb 2003034133.487.93$2,703
Jan 200318538930.315.58$7,779
Dec 2002054926.914.85$2,665
Nov 200218368224.664.14$7,334
Oct 2002037326.464.23$1,577
Sep 200218345527.443.64$6,676
Aug 200225254625.963.16$8,270
Jul 200217567324.583.06$6,362
Jun 200217895123.733.34$7,399
May 2002024224.663.58$867
Apr 2002018123.653.51$636
Mar 200218934822.003.10$5,238
Feb 20021881318.222.38$3,456
Jan 200218241017.172.38$4,099
Dec 200118579516.932.36$5,012
Nov 2001043518.072.41$1,046
Oct 200136544319.782.53$8,340
Sep 2001064424.262.25$1,450
Aug 200136021624.873.05$9,613
Jul 200118259123.933.20$6,245
Jun 200118352324.563.82$6,495
May 200101,03025.524.31$4,437
Apr 200118571824.685.34$8,397
Mar 2001094224.545.38$5,065
Feb 20011831,12827.755.77$11,584
Jan 200101,32627.478.40$11,137
Dec 20003601,07526.889.12$19,483
Nov 200001,28932.215.66$7,293
Oct 20003741,58731.235.15$19,846
Sep 20001851,56231.875.19$13,997
Aug 200001,58829.644.54$7,211
Jul 20003251,52028.534.09$15,489
Jun 20001861,60429.304.40$12,503
May 20001871,84527.263.68$11,887
Apr 20001851,75824.513.12$10,012
Mar 200001,52828.422.86$4,370
Feb 20001841,91327.622.73$10,298
Jan 20001591,12125.272.48$6,799
Dec 19991881,65624.282.42$8,578
Nov 199901,44723.192.43$3,522
Oct 19993592,12520.982.80$13,490
Sep 19991822,34921.752.62$10,110
Aug 19991762,71819.262.88$11,206
Jul 199901,32417.892.37$3,141
Jun 19992881,19515.942.36$7,413
May 19991881,75115.792.32$7,033
Apr 199901,60415.102.21$3,542
Mar 19991841,98212.471.84$5,938
Feb 199901,5499.981.82$2,816
Jan 19993581,74910.381.90$7,039
Dec 199801,2869.201.77$2,280
Nov 19985382,06210.892.19$10,366
Oct 199802,33212.421.97$4,592
Sep 19981781,68212.592.08$5,744
Aug 199801,76511.301.91$3,366
Jul 19983491,79411.742.24$8,111
Jun 19981851,77911.242.24$6,060
May 199801,84212.622.21$4,064
Apr 19983652,45613.042.51$10,913
Mar 199801,59412.802.31$3,681
Feb 19983572,16813.952.30$9,965
Jan 19981852,08714.702.15$7,217
Dec 19973572,25216.322.41$11,256
Nov 19971891,48318.193.09$8,018
Oct 19971882,03919.253.15$10,041
Sep 19971811,87517.742.95$8,751
Aug 19971842,20817.862.55$8,927
Jul 19971822,13817.582.25$8,004
Jun 19973651,99317.242.26$10,791
May 19973532,17318.972.31$11,713
Apr 19973792,29017.882.08$11,546
Mar 19971772,49318.951.94$8,188
Feb 19971862,28120.492.21$8,843
Jan 199717998223.483.54$7,679
Dec 19961861,87923.32$4,338
Nov 19963432,26721.97$7,536
Oct 19963602,30623.31$8,392
Sep 1996068022.22$0
Aug 19961832,17420.26$3,708
Jul 19963312,25019.55$6,471
Jun 19967061,92118.73$13,223
May 199602,44119.43$0
Apr 1996028221.51$0
Mar 19960019.38$0
Feb 19960016.98$0
Jan 19960017.07$0
Dec 19950017.19$0
Nov 1995080616.00$0
Oct 19953542,64415.43$5,462
Sep 19953512,20916.18$5,679
Aug 199502,36815.92$0
Jul 19951782,22215.24$2,713
Jun 199502,10316.41$0
May 19953552,35317.56$6,234
Apr 199502,52917.73$0
Mar 19953532,72016.44$5,803
Feb 19951662,30816.58$2,752
Jan 19953352,34515.92$5,333
Dec 199402,14015.03$0
Nov 19943642,29515.90$5,788
Oct 199402,68715.58$0
Sep 19943701,90015.29$5,657
Aug 199402,08716.13$0
Jul 199402,43917.56$0
Jun 19941772,15417.09$3,025
May 19941813,05015.88$2,874
Apr 19943532,36014.14$4,991
Mar 199401,45512.46$0
Feb 199420595112.50$2,563
Jan 1994047612.66$0
Dec 1993025912.33$0
Nov 199301,02514.49$0
Oct 19933723,89615.85$5,896
Sep 19935323,27915.03$7,996
Aug 1993283,44815.66$438
Jul 199303,47415.46$0
Jun 19931883,85916.79$3,157
May 19937076,30317.68$12,500
Apr 19935438,18618.05$9,801
Mar 19935747,93918.14$10,412
Feb 19937167,95917.90$12,816
Jan 199371910,12416.93$12,173

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.

Mar 2009 — as filed, then multipliedworked
Oil                  137 bbl  × $ 42.14 =     $5,773
Casinghead gas         4 Mcf  × $  4.06 =        $16

────────────────────────────────────────────────────
Month total                                   $5,789

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/18306 is the state's own key, not one this site invented.