JOHN IVY UNIT

Operated by OSBORN,W.B. OIL & GAS OPERATIONS (P-5 627829) in the HOUSTON, NORTH (ELM 7000) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 18700District 03Field 42905160OilCasinghead gasSave
Value, all time
$688 k
Jan 1993 – Aug 2003
Value, last 12 filed months
$30 k
at the published price for each month
Months reported
128
no gaps in the span
Streams
2
oil, casinghead gas

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
OilDisposition21,313 bbl$386,206
Casinghead gasProduction182,022 Mcf$302,004
Total$688,210

81,487 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 29.9069, -95.4923. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.90690, -95.49226 · 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
8,086 ft
1 wells filed one
Completion to plug
8.8 years
median over 1 wells

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 8,086 ft.

Completions filed
Feb 2003
1 of 1 wells
Plug dates filed
Dec 2011
1 of 1 wells

Last completion to plug: a median of 8.8 years across the 1 well that filed both dates, with the middle half between 8.8 years and 8.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-2013127418,086 ftFeb 2003Dec 2011Yes

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 (128)

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

128 months

Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 2003361,77033.487.93$15,234
Jan 200301,03130.315.58$5,755
Dec 2002621526.914.85$1,741
Nov 20020024.664.14$0
Oct 200218041626.464.23$6,522
Sep 2002017227.443.64$625
Aug 20021792625.963.16$4,729
Jul 20021776424.583.06$4,547
Jun 200204123.733.34$137
May 200216840824.663.58$5,605
Apr 200201,39323.653.51$4,893
Mar 20021751,10322.003.10$7,272
Feb 200217987918.222.38$5,350
Jan 20021791,51617.172.38$6,675
Dec 20011791,36016.932.36$6,246
Nov 20011741,43018.072.41$6,584
Oct 200101,69519.782.53$4,286
Sep 20011781,41724.262.25$7,508
Aug 20011752,92124.873.05$13,271
Jul 200117258823.933.20$5,996
Jun 20011741,34024.563.82$9,398
May 20011771,79525.524.31$12,249
Apr 20011781,81724.685.34$14,087
Mar 200101,49324.545.38$8,027
Feb 20011781,80027.755.77$15,320
Jan 20011651,70127.478.40$18,819
Dec 20003461,27426.889.12$20,923
Nov 20001751,43432.215.66$13,750
Oct 20001821,27831.235.15$12,260
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 2000176027.263.68$4,798
Apr 2000019924.513.12$620
Mar 2000017428.422.86$498
Feb 20000027.622.73$0
Jan 200017829625.272.48$5,232
Dec 1999039224.282.42$950
Nov 19991701,10723.192.43$6,637
Oct 199901,24420.982.80$3,488
Sep 199914794121.752.62$5,662
Aug 19991711,66919.262.88$8,093
Jul 19991701,65017.892.37$6,956
Jun 19991771,57315.942.36$6,537
May 19991731,77615.792.32$6,854
Apr 19991671,57115.102.21$5,991
Mar 19991661,86412.471.84$5,497
Feb 19991701,5349.981.82$4,485
Jan 199901,49410.381.90$2,839
Dec 19981642,0739.201.77$5,185
Nov 19981732,19710.892.19$6,686
Oct 19981723,32912.421.97$8,692
Sep 19981641,73112.592.08$5,670
Aug 19981723,43211.301.91$8,490
Jul 19981653,14411.742.24$8,971
Jun 19981711,27011.242.24$4,763
May 19981681,51612.622.21$5,465
Apr 19981751,99213.042.51$7,273
Mar 19981682,05612.802.31$6,899
Feb 19983552,35613.952.30$10,369
Jan 199803,47214.702.15$7,481
Dec 19971722,63416.322.41$9,158
Nov 19971762,28518.193.09$10,258
Oct 19971751,74719.253.15$8,871
Sep 199710017.742.95$177
Aug 19971771,98417.862.55$8,230
Jul 19971762,38117.582.25$8,444
Jun 19971562,11617.242.26$7,466
May 19971692,26418.972.31$8,432
Apr 1997168017.882.08$3,004
Mar 19971752,85018.951.94$8,843
Feb 19971742,50920.492.21$9,100
Jan 19971751,53623.483.54$9,546
Dec 19961751,94723.32$4,081
Nov 19961754,36621.97$3,845
Oct 19961725,76423.31$4,009
Sep 19961733,97022.22$3,844
Aug 19963555,25520.26$7,192
Jul 19961775,51219.55$3,460
Jun 19961744,59218.73$3,259
May 19963523,56419.43$6,839
Apr 19961814,48321.51$3,893
Mar 19962561,80719.38$4,961
Feb 1996347016.98$5,892
Jan 199617286517.07$2,936
Dec 199517559617.19$3,008
Nov 199535336316.00$5,648
Oct 19951811,83515.43$2,793
Sep 1995178016.18$2,880
Aug 1995352015.92$5,604
Jul 1995179015.24$2,728
Jun 19951781,49716.41$2,921
May 19953511,49717.56$6,164
Apr 199535540817.73$6,294
Mar 199501,13716.44$0
Feb 199535910116.58$5,952
Jan 199518180215.92$2,882
Dec 19943566515.03$5,351
Nov 19943481,68715.90$5,533
Oct 1994048115.58$0
Sep 199435326715.29$5,397
Aug 19941711,92716.13$2,758
Jul 19943541,40817.56$6,216
Jun 199436442217.09$6,221
May 199417755015.88$2,811
Apr 199417430514.14$2,460
Mar 199434827712.46$4,336
Feb 199434761512.50$4,338
Jan 19941701,89112.66$2,152
Dec 199318150412.33$2,232
Nov 19931791,61814.49$2,594
Oct 19933402,10615.85$5,389
Sep 19931901,78015.03$2,856
Aug 19933433,35615.66$5,371
Jul 19931722,34115.46$2,659
Jun 19931731,75216.79$2,905
May 19932881,97817.68$5,092
Apr 19931641,32518.05$2,960
Mar 19933031,30918.14$5,496
Feb 19933501,57217.90$6,265
Jan 19933141,59016.93$5,316

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 2003 — as filed, then multipliedworked
Oil                   36 bbl  × $ 33.48 =     $1,205
Casinghead gas     1,770 Mcf  × $  7.93 =    $14,029

────────────────────────────────────────────────────
Month total                                  $15,234

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/18700 is the state's own key, not one this site invented.