MERCHANT, A. -D-

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

Operated by QUAIL CREEK OIL CORPORATION (P-5 684517) in the MERCHANT (EY-3 RESERVOIR) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 22140District 03Field 60558750OilCasinghead gasSave Export

Value, all time

$529 k

Sep 1993 – Jul 2008

Value, last 12 filed months

at the published price for each month

Months reported

179

no gaps in the span

Streams

oil, casinghead gas

The MERCHANT (EY-3 RESERVOIR) 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 7 leases and 9 wells, and the rule below applies to all of them.

Discovered

1950-12-31

as the register files it

Field class

Oil and gas

the register's own label

Between wells

660 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 1970-04-01.

The Commission's schedule remark for this field reads: “MERCHANT (CONSOLIDATED) FIELD.”

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	20,765 bbl	$494,347
Casinghead gas	Production	15,046 Mcf	$34,622
Total			$528,969

7,381 Mcf of this lease's gas, across 40 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 30.1363, -94.6497. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.13627, -94.64975 · 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%

1 of 1 wells

With a plug date

0.0%

0 of 1 wells

Median depth

9,250 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

00.0%

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

00.0%

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 9,250 ft.

Completions filed

Oct 2020

1 of 1 wells

1 well


42-29101844	4	9,250 ft	Oct 2020	—	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 (179)

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

179 months


Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	94	52	69.37	6.34	$6,851
Jun 2006	87	47	66.28	6.38	$6,066
May 2006	96	48	66.01	6.42	$6,645
Apr 2006	87	57	64.39	7.36	$6,021
Mar 2006	94	50	56.70	7.08	$5,684
Feb 2006	96	41	57.59	7.75	$5,846
Jan 2006	62	42	60.59	8.93	$4,132
Dec 2005	58	47	54.94	13.42	$3,817
Nov 2005	82	54	54.69	10.59	$5,056
Oct 2005	17	40	58.34	13.80	$1,544
Sep 2005	41	82	61.45	12.08	$3,510
Aug 2005	99	60	61.51	9.80	$6,677
Jul 2005	100	28	55.69	7.84	$5,789
Jun 2005	145	86	52.33	7.38	$8,223
May 2005	61	64	45.22	6.65	$3,184
Apr 2005	121	82	49.20	7.36	$6,557
Mar 2005	120	61	50.37	7.15	$6,481
Feb 2005	109	73	45.22	6.31	$5,390
Jan 2005	127	83	43.16	6.32	$6,006
Dec 2004	136	86	39.86	6.75	$6,002
Nov 2004	133	63	45.28	6.33	$6,421
Oct 2004	153	115	49.70	6.52	$8,353
Sep 2004	33	117	43.24	5.28	$2,045
Aug 2004	47	50	42.37	5.55	$2,269
Jul 2004	163	70	38.28	6.08	$6,666
Jun 2004	105	90	36.10	6.43	$4,369
May 2004	114	0	37.48	6.49	$4,273
Apr 2004	128	64	34.47	5.86	$4,787
Mar 2004	142	62	34.36	5.53	$5,222
Feb 2004	135	69	32.45	5.51	$4,761
Jan 2004	117	57	32.03	6.30	$4,107
Dec 2003	210	53	30.26	6.30	$6,689
Nov 2003	252	191	28.80	4.60	$8,135
Oct 2003	147	118	28.17	4.76	$4,703
Sep 2003	49	31	26.31	4.75	$1,436
Aug 2003	114	75	29.76	5.13	$3,777
Jul 2003	87	57	29.41	5.17	$2,853
Jun 2003	72	31	28.56	5.98	$2,242
May 2003	87	32	26.59	5.97	$2,504
Apr 2003	123	44	26.67	5.41	$3,518
Mar 2003	77	29	31.14	6.10	$2,575
Feb 2003	76	24	33.48	7.93	$2,735
Jan 2003	88	27	30.31	5.58	$2,818
Dec 2002	100	27	26.91	4.85	$2,822
Nov 2002	103	25	24.66	4.14	$2,643
Oct 2002	88	50	26.46	4.23	$2,540
Sep 2002	125	53	27.44	3.64	$3,623
Aug 2002	91	67	25.96	3.16	$2,574
Jul 2002	139	66	24.58	3.06	$3,619
Jun 2002	81	50	23.73	3.34	$2,089
May 2002	119	51	24.66	3.58	$3,117
Apr 2002	104	51	23.65	3.51	$2,639
Mar 2002	100	47	22.00	3.10	$2,346
Feb 2002	84	39	18.22	2.38	$1,623
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	41	21	18.07	2.41	$791
Oct 2001	107	52	19.78	2.53	$2,248
Sep 2001	88	50	24.26	2.25	$2,247
Aug 2001	111	63	24.87	3.05	$2,953
Jul 2001	139	82	23.93	3.20	$3,588
Jun 2001	84	78	24.56	3.82	$2,361
May 2001	151	74	25.52	4.31	$4,172
Apr 2001	147	87	24.68	5.34	$4,092
Mar 2001	125	88	24.54	5.38	$3,541
Feb 2001	103	111	27.75	5.77	$3,498
Jan 2001	74	77	27.47	8.40	$2,679
Dec 2000	123	102	26.88	9.12	$4,237
Nov 2000	139	113	32.21	5.66	$5,117
Oct 2000	118	114	31.23	5.15	$4,272
Sep 2000	111	81	31.87	5.19	$3,958
Aug 2000	133	89	29.64	4.54	$4,346
Jul 2000	135	123	28.53	4.09	$4,355
Jun 2000	156	133	29.30	4.40	$5,156
May 2000	145	136	27.26	3.68	$4,453
Apr 2000	105	59	24.51	3.12	$2,757
Mar 2000	103	60	28.42	2.86	$3,099
Feb 2000	113	75	27.62	2.73	$3,326
Jan 2000	144	78	25.27	2.48	$3,832
Dec 1999	133	115	24.28	2.42	$3,508
Nov 1999	118	147	23.19	2.43	$3,094
Oct 1999	126	150	20.98	2.80	$3,064
Sep 1999	150	91	21.75	2.62	$3,501
Aug 1999	92	91	19.26	2.88	$2,034
Jul 1999	123	77	17.89	2.37	$2,383
Jun 1999	117	65	15.94	2.36	$2,019
May 1999	120	68	15.79	2.32	$2,053
Apr 1999	91	68	15.10	2.21	$1,524
Mar 1999	133	113	12.47	1.84	$1,866
Feb 1999	108	73	9.98	1.82	$1,211
Jan 1999	132	59	10.38	1.90	$1,482
Dec 1998	110	75	9.20	1.77	$1,145
Nov 1998	120	61	10.89	2.19	$1,440
Oct 1998	118	51	12.42	1.97	$1,566
Sep 1998	100	49	12.59	2.08	$1,361
Aug 1998	136	52	11.30	1.91	$1,636
Jul 1998	138	52	11.74	2.24	$1,736
Jun 1998	109	69	11.24	2.24	$1,380
May 1998	133	60	12.62	2.21	$1,811
Apr 1998	145	45	13.04	2.51	$2,004
Mar 1998	121	52	12.80	2.31	$1,669
Feb 1998	93	43	13.95	2.30	$1,396
Jan 1998	95	129	14.70	2.15	$1,674
Dec 1997	159	53	16.32	2.41	$2,723
Nov 1997	111	72	18.19	3.09	$2,241
Oct 1997	150	63	19.25	3.15	$3,086
Sep 1997	130	47	17.74	2.95	$2,445
Aug 1997	163	56	17.86	2.55	$3,054
Jul 1997	139	47	17.58	2.25	$2,549
Jun 1997	173	47	17.24	2.26	$3,089
May 1997	134	46	18.97	2.31	$2,648
Apr 1997	131	45	17.88	2.08	$2,436
Mar 1997	19	25	18.95	1.94	$409
Feb 1997	130	114	20.49	2.21	$2,915
Jan 1997	151	71	23.48	3.54	$3,797
Dec 1996	117	74	23.32	—	$2,728
Nov 1996	143	77	21.97	—	$3,142
Oct 1996	189	61	23.31	—	$4,406
Sep 1996	129	159	22.22	—	$2,866
Aug 1996	142	54	20.26	—	$2,877
Jul 1996	284	135	19.55	—	$5,552
Jun 1996	230	76	18.73	—	$4,308
May 1996	258	72	19.43	—	$5,013
Apr 1996	247	63	21.51	—	$5,313
Mar 1996	269	82	19.38	—	$5,213
Feb 1996	175	51	16.98	—	$2,972
Jan 1996	204	75	17.07	—	$3,482
Dec 1995	249	145	17.19	—	$4,280
Nov 1995	148	72	16.00	—	$2,368
Oct 1995	152	124	15.43	—	$2,345
Sep 1995	138	102	16.18	—	$2,233
Aug 1995	143	207	15.92	—	$2,277
Jul 1995	155	240	15.24	—	$2,362
Jun 1995	130	200	16.41	—	$2,133
May 1995	150	212	17.56	—	$2,634
Apr 1995	120	368	17.73	—	$2,128
Mar 1995	158	188	16.44	—	$2,598
Feb 1995	95	72	16.58	—	$1,575
Jan 1995	186	295	15.92	—	$2,961
Dec 1994	182	248	15.03	—	$2,735
Nov 1994	118	225	15.90	—	$1,876
Oct 1994	173	198	15.58	—	$2,695
Sep 1994	212	203	15.29	—	$3,241
Aug 1994	226	218	16.13	—	$3,645
Jul 1994	186	207	17.56	—	$3,266
Jun 1994	191	223	17.09	—	$3,264
May 1994	195	250	15.88	—	$3,097
Apr 1994	194	90	14.14	—	$2,743
Mar 1994	200	261	12.46	—	$2,492
Feb 1994	248	220	12.50	—	$3,100
Jan 1994	272	205	12.66	—	$3,444
Dec 1993	294	383	12.33	—	$3,625
Nov 1993	420	366	14.49	—	$6,086
Oct 1993	349	387	15.85	—	$5,532
Sep 1993	330	493	15.03	—	$4,960

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.

Jul 2006 — as filed, then multipliedworked

Oil                   94 bbl  × $ 69.37 =     $6,521
Casinghead gas        52 Mcf  × $  6.34 =       $330

────────────────────────────────────────────────────
Month total                                   $6,851

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/22140 is the state's own key, not one this site invented.