HIGGINS

Operated by 7711 CORPORATION, THE (P-5 954998) in the GIDDINGS (AUSTIN CHALK-3) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 21997District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$3.5 M
Mar 1993 – Oct 2002
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
116
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 5,900 leases and 6,985 wells, and the rule below applies to all of them.

Discovered
1960-10-29
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2025-09-30.

The Commission's schedule remark for this field reads: DKT OG-25-00028011: UFT FIELD, ALLOCATION FORMULA SUSPENDED

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
OilDisposition179,890 bbl$2,954,410
Casinghead gasProduction1,260,206 Mcf$540,569
Total$3,494,979

1,077,962 Mcf of this lease's gas, across 46 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 30.5994, -96.2626. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.59938, -96.26264 · 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
10,398 ft
1 wells filed one
Completion to plug
9.4 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 10,398 ft.

Completions filed
Apr 1993
1 of 1 wells
Plug dates filed
Sep 2002
1 of 1 wells

Last completion to plug: a median of 9.4 years across the 1 well that filed both dates, with the middle half between 9.4 years and 9.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-041316831H10,398 ftApr 1993Sep 2002Yes

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 (116)

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

116 months

Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20023346125.963.16$2,315
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 2001130025.524.31$3,318
Apr 2001186024.685.34$4,590
Mar 20010024.545.38$0
Feb 20011843,98227.755.77$28,071
Jan 20011933,11727.478.40$31,481
Dec 200004,94126.889.12$45,074
Nov 20000032.215.66$0
Oct 20001333,54731.235.15$22,405
Sep 20001484,77831.875.19$29,498
Aug 200017269929.644.54$8,272
Jul 20005386,19728.534.09$40,693
Jun 2000048629.304.40$2,137
May 20000027.263.68$0
Apr 2000033724.513.12$1,050
Mar 20003768,54428.422.86$35,120
Feb 20003416,22527.622.73$26,391
Jan 20003668,48825.272.48$30,303
Dec 19993627,47224.282.42$26,899
Nov 19991947,20923.192.43$22,045
Oct 19991875,95320.982.80$20,614
Sep 1999697321.752.62$2,679
Aug 1999011619.262.88$334
Jul 19991822,74417.892.37$9,766
Jun 199902,74415.942.36$6,482
May 19991841,93915.792.32$7,406
Apr 199901,67615.102.21$3,701
Mar 199935772012.471.84$5,775
Feb 199908089.981.82$1,469
Jan 199901,44910.381.90$2,753
Dec 19981797,8019.201.77$15,480
Nov 19981677,97310.892.19$19,245
Oct 19981728,45712.421.97$18,790
Sep 19981794,41012.592.08$11,438
Aug 199801,25111.301.91$2,386
Jul 19981802,21311.742.24$7,064
Jun 19981762,48011.242.24$7,527
May 19981782,63012.622.21$8,049
Apr 199802,40413.042.51$6,023
Mar 19981802,73012.802.31$8,609
Feb 19981823,02613.952.30$9,496
Jan 19981822,93514.702.15$9,000
Dec 19971822,90016.322.41$9,962
Nov 199704,68718.193.09$14,475
Oct 19971785,17219.253.15$19,717
Sep 19971813,68017.742.95$14,085
Aug 19971782,69817.862.55$10,072
Jul 1997334,04717.582.25$9,674
Jun 19971873,57617.242.26$11,296
May 19972004,69018.972.31$14,621
Apr 19971824,42017.882.08$12,460
Mar 19973634,33118.951.94$15,277
Feb 19971464,16820.492.21$12,186
Jan 19971873,96023.483.54$18,408
Dec 19962964,22923.32$6,903
Nov 19961764,01321.97$3,867
Oct 19963755,50223.31$8,741
Sep 19961955,48022.22$4,333
Aug 19963625,38820.26$7,334
Jul 19963647,21719.55$7,116
Jun 19961897,21718.73$3,540
May 19965638,53919.43$10,939
Apr 19963736,05121.51$8,023
Mar 19963757,39219.38$7,268
Feb 19963775,30616.98$6,401
Jan 19965688,41217.07$9,696
Dec 19955557,32317.19$9,540
Nov 19957388,32216.00$11,808
Oct 199572910,16315.43$11,248
Sep 19957158,11116.18$11,569
Aug 199572610,62815.92$11,558
Jul 199587910,75915.24$13,396
Jun 19951,07012,03316.41$17,559
May 19951,08213,81117.56$19,000
Apr 19951,48215,30917.73$26,276
Mar 19951,09118,76716.44$17,936
Feb 19951,65617,89916.58$27,456
Jan 19951,85520,66615.92$29,532
Dec 19942,60822,98715.03$39,198
Nov 19942,75122,44515.90$43,741
Oct 19947133,30115.58$11,109
Sep 19942,01016,24715.29$30,733
Aug 19944,00942,90716.13$64,665
Jul 19945,21254,60517.56$91,523
Jun 19947,14258,61917.09$122,057
May 199412,63778,91815.88$200,676
Apr 199414,90667,30414.14$210,771
Mar 19941,6528,86212.46$20,584
Feb 19942,04110,63612.50$25,513
Jan 19944,22426,65012.66$53,476
Dec 19934,77727,72912.33$58,900
Nov 19935,08334,63014.49$73,653
Oct 19935,32743,52115.85$84,433
Sep 19936,34345,01315.03$95,335
Aug 19937,51246,52015.66$117,638
Jul 19937,95456,01415.46$122,969
Jun 199311,24757,47816.79$188,837
May 199313,48256,96117.68$238,362
Apr 199324,18168,07718.05$436,467
Mar 19939,224118.14$167,323

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.

Aug 2002 — as filed, then multipliedworked
Oil                   33 bbl  × $ 25.96 =       $857
Casinghead gas       461 Mcf  × $  3.16 =     $1,459

────────────────────────────────────────────────────
Month total                                   $2,315

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/21997 is the state's own key, not one this site invented.