KING, R.V.

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

Operated by RANA ENERGY COMPANY (P-5 690510) in the LAKE CREEK (WILCOX, NO.1) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 18492District 03Field 51421936OilCasinghead gasSave Export

Value, all time

$1.7 M

Jan 1993 – Sep 1997

Value, last 12 filed months

$249 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The LAKE CREEK (WILCOX, NO.1) 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 4 leases and 6 wells, and the rule below applies to all of them.

Discovered

1984-11-24

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,320 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 1992-12-01.

The Commission's schedule remark for this field reads: “SIGNED ON 10-24-95”

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	96,105 bbl	$1,650,754
Casinghead gas	Production	362,649 Mcf	$33,467
Total			$1,684,221

350,847 Mcf of this lease's gas, across 47 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 30.2510, -95.6007. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

30.25117, -95.60025 · 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

12,520 ft

3 wells filed one

Completion to plug

6.9 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 12,487 and 12,556 ft, median 12,520 ft, over the 3 wells that filed a depth.

Completions filed

Nov 1984 – Apr 2006

3 of 3 wells

Plug dates filed

Apr 2000

1 of 3 wells; 2 filed none

Last completion to plug: a median of 6.9 years across the 1 well that filed both dates, with the middle half between 6.9 years and 6.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells


42-33930699	3	12,520 ft	Apr 2006	—	Yes
42-33930609	1	12,487 ft	May 1993	Apr 2000	Yes
42-33930669	2	12,556 ft	Nov 1984	—	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 (57)

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

57 months


Sep 1997	0	0	17.74	2.95	$0
Aug 1997	0	0	17.86	2.55	$0
Jul 1997	0	0	17.58	2.25	$0
Jun 1997	0	0	17.24	2.26	$0
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	2,200	6,229	20.49	2.21	$58,819
Jan 1997	1,922	5,573	23.48	3.54	$64,855
Dec 1996	1,640	4,709	23.32	—	$38,245
Nov 1996	1,819	5,269	21.97	—	$39,963
Oct 1996	2,018	0	23.31	—	$47,040
Sep 1996	1,808	5,037	22.22	—	$40,174
Aug 1996	1,989	5,863	20.26	—	$40,297
Jul 1996	2,113	5,247	19.55	—	$41,309
Jun 1996	1,807	5,288	18.73	—	$33,845
May 1996	2,031	5,109	19.43	—	$39,462
Apr 1996	1,817	4,896	21.51	—	$39,084
Mar 1996	2,175	5,806	19.38	—	$42,152
Feb 1996	1,563	4,466	16.98	—	$26,540
Jan 1996	1,901	4,109	17.07	—	$32,450
Dec 1995	1,593	4,873	17.19	—	$27,384
Nov 1995	2,267	6,007	16.00	—	$36,272
Oct 1995	1,981	877	15.43	—	$30,567
Sep 1995	2,104	6,536	16.18	—	$34,043
Aug 1995	2,186	6,258	15.92	—	$34,801
Jul 1995	1,785	6,733	15.24	—	$27,203
Jun 1995	2,313	7,089	16.41	—	$37,956
May 1995	2,498	6,656	17.56	—	$43,865
Apr 1995	2,088	6,676	17.73	—	$37,020
Mar 1995	1,615	7,668	16.44	—	$26,551
Feb 1995	1,443	7,705	16.58	—	$23,925
Jan 1995	1,245	8,921	15.92	—	$19,820
Dec 1994	1,469	9,756	15.03	—	$22,079
Nov 1994	557	5,844	15.90	—	$8,856
Oct 1994	743	2,082	15.58	—	$11,576
Sep 1994	1,807	7,448	15.29	—	$27,629
Aug 1994	1,920	8,916	16.13	—	$30,970
Jul 1994	1,956	8,066	17.56	—	$34,347
Jun 1994	1,941	8,124	17.09	—	$33,172
May 1994	2,122	9,582	15.88	—	$33,697
Apr 1994	1,985	10,338	14.14	—	$28,068
Mar 1994	2,354	10,486	12.46	—	$29,331
Feb 1994	2,157	6,307	12.50	—	$26,963
Jan 1994	2,018	8,879	12.66	—	$25,548
Dec 1993	1,989	9,677	12.33	—	$24,524
Nov 1993	1,820	11,155	14.49	—	$26,372
Oct 1993	2,537	11,040	15.85	—	$40,211
Sep 1993	1,634	12,110	15.03	—	$24,559
Aug 1993	2,330	11,767	15.66	—	$36,488
Jul 1993	2,358	10,925	15.46	—	$36,455
Jun 1993	1,972	11,451	16.79	—	$33,110
May 1993	2,150	9,532	17.68	—	$38,012
Apr 1993	2,120	9,812	18.05	—	$38,266
Mar 1993	2,183	9,698	18.14	—	$39,600
Feb 1993	2,039	7,489	17.90	—	$36,498
Jan 1993	2,023	8,565	16.93	—	$34,249

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 1997 — as filed, then multipliedworked

Oil                2,200 bbl  × $ 20.49 =    $45,078
Casinghead gas     6,229 Mcf  × $  2.21 =    $13,741

────────────────────────────────────────────────────
Month total                                  $58,819

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/18492 is the state's own key, not one this site invented.