NANTUCKET

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

Operated by SOUTHWEST RESOURCES, INC. (P-5 806471) 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 22342District 03Field 34733500OilCasinghead gasSave Export

Value, all time

$9.0 M

Oct 1993 – Oct 2006

Value, last 12 filed months

$16 k

at the published price for each month

Months reported

157

no gaps in the span

Streams

oil, casinghead gas

The GIDDINGS (AUSTIN CHALK-3) 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 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.

Stream	Basis	Volume	Value
Oil	Disposition	211,171 bbl	$4,653,705
Casinghead gas	Production	1,389,602 Mcf	$4,366,912
Total			$9,020,617

236,593 Mcf of this lease's gas, across 25 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 (2)

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 30.5415, -96.2553. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

30.54153, -96.25526 · 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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

12,089 ft

2 wells filed one

Completion to plug

5.1 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

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

2100.0%

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

Between 10,900 and 13,278 ft, median 12,089 ft, over the 2 wells that filed a depth.

Completions filed

Apr 1999 – Jan 2003

2 of 2 wells

Plug dates filed

Oct 2005 – Aug 2006

2 of 2 wells

Last completion to plug: a median of 5.1 years across the 2 wells that filed both dates, with the middle half between 4.3 years and 5.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-04131952	2	10,900 ft	Jan 2003	Aug 2006	Yes
42-04131771	1	13,278 ft	Apr 1999	Oct 2005	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 (157)

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

157 months


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	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	164	57.59	7.75	$1,271
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	78	0	54.94	13.42	$4,285
Nov 2005	184	0	54.69	10.59	$10,063
Oct 2005	183	860	58.34	13.80	$22,541
Sep 2005	0	821	61.45	12.08	$9,917
Aug 2005	144	940	61.51	9.80	$18,066
Jul 2005	190	1,090	55.69	7.84	$19,131
Jun 2005	183	966	52.33	7.38	$16,706
May 2005	183	902	45.22	6.65	$14,275
Apr 2005	188	1,040	49.20	7.36	$16,905
Mar 2005	185	1,304	50.37	7.15	$18,648
Feb 2005	186	1,475	45.22	6.31	$17,721
Jan 2005	182	1,265	43.16	6.32	$15,853
Dec 2004	183	1,111	39.86	6.75	$14,795
Nov 2004	174	1,023	45.28	6.33	$14,355
Oct 2004	185	1,050	49.70	6.52	$16,035
Sep 2004	185	811	43.24	5.28	$12,285
Aug 2004	363	622	42.37	5.55	$18,833
Jul 2004	110	1,040	38.28	6.08	$10,538
Jun 2004	190	1,188	36.10	6.43	$14,501
May 2004	362	1,755	37.48	6.49	$24,966
Apr 2004	351	1,906	34.47	5.86	$23,265
Mar 2004	369	2,036	34.36	5.53	$23,938
Feb 2004	370	1,374	32.45	5.51	$19,577
Jan 2004	699	4,786	32.03	6.30	$52,539
Dec 2003	733	7,342	30.26	6.30	$68,447
Nov 2003	720	7,530	28.80	4.60	$55,338
Oct 2003	1,263	8,065	28.17	4.76	$73,965
Sep 2003	898	8,141	26.31	4.75	$62,291
Aug 2003	1,079	9,358	29.76	5.13	$80,115
Jul 2003	1,088	10,663	29.41	5.17	$87,135
Jun 2003	1,098	10,895	28.56	5.98	$96,543
May 2003	1,415	11,787	26.59	5.97	$108,025
Apr 2003	1,588	12,053	26.67	5.41	$107,526
Mar 2003	1,606	14,477	31.14	6.10	$138,263
Feb 2003	1,784	14,266	33.48	7.93	$172,799
Jan 2003	1,470	13,215	30.31	5.58	$118,322
Dec 2002	1,451	17,608	26.91	4.85	$124,511
Nov 2002	1,806	16,929	24.66	4.14	$114,571
Oct 2002	886	9,109	26.46	4.23	$61,967
Sep 2002	1,068	10,955	27.44	3.64	$69,130
Aug 2002	1,253	12,030	25.96	3.16	$70,593
Jul 2002	1,249	12,926	24.58	3.06	$70,277
Jun 2002	1,254	13,053	23.73	3.34	$73,331
May 2002	1,084	13,843	24.66	3.58	$76,345
Apr 2002	1,457	13,860	23.65	3.51	$83,139
Mar 2002	1,993	14,566	22.00	3.10	$89,040
Feb 2002	1,454	13,859	18.22	2.38	$59,416
Jan 2002	1,468	15,180	17.17	2.38	$61,268
Dec 2001	2,159	16,177	16.93	2.36	$74,801
Nov 2001	1,640	15,299	18.07	2.41	$66,437
Oct 2001	1,803	15,503	19.78	2.53	$74,869
Sep 2001	1,776	15,891	24.26	2.25	$78,861
Aug 2001	1,950	16,281	24.87	3.05	$98,205
Jul 2001	1,965	17,137	23.93	3.20	$101,811
Jun 2001	2,159	15,874	24.56	3.82	$113,730
May 2001	2,130	17,402	25.52	4.31	$129,314
Apr 2001	1,981	17,612	24.68	5.34	$142,857
Mar 2001	2,710	16,468	24.54	5.38	$155,043
Feb 2001	2,170	14,828	27.75	5.77	$145,732
Jan 2001	2,607	16,805	27.47	8.40	$212,755
Dec 2000	3,100	18,307	26.88	9.12	$250,334
Nov 2000	2,473	17,382	32.21	5.66	$178,003
Oct 2000	3,169	19,611	31.23	5.15	$199,876
Sep 2000	2,756	18,921	31.87	5.19	$185,967
Aug 2000	3,369	23,730	29.64	4.54	$207,609
Jul 2000	3,836	23,561	28.53	4.09	$205,800
Jun 2000	2,853	22,914	29.30	4.40	$184,351
May 2000	3,783	25,481	27.26	3.68	$196,888
Apr 2000	4,133	24,860	24.51	3.12	$178,764
Mar 2000	3,972	26,307	28.42	2.86	$188,116
Feb 2000	4,228	28,688	27.62	2.73	$194,995
Jan 2000	4,834	33,910	25.27	2.48	$206,269
Dec 1999	4,133	24,507	24.28	2.42	$159,747
Nov 1999	6,573	37,112	23.19	2.43	$242,758
Oct 1999	6,407	37,622	20.98	2.80	$239,900
Sep 1999	6,481	37,763	21.75	2.62	$239,857
Aug 1999	8,069	42,410	19.26	2.88	$277,363
Jul 1999	7,708	39,728	17.89	2.37	$232,146
Jun 1999	12,556	61,158	15.94	2.36	$344,604
May 1999	13,446	69,584	15.79	2.32	$373,818
Apr 1999	1,158	2,937	15.10	2.21	$23,971
Mar 1999	0	0	12.47	1.84	$0
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	0	0	10.38	1.90	$0
Dec 1998	0	0	9.20	1.77	$0
Nov 1998	0	0	10.89	2.19	$0
Oct 1998	0	0	12.42	1.97	$0
Sep 1998	0	0	12.59	2.08	$0
Aug 1998	0	0	11.30	1.91	$0
Jul 1998	62	0	11.74	2.24	$728
Jun 1998	0	0	11.24	2.24	$0
May 1998	0	0	12.62	2.21	$0
Apr 1998	0	0	13.04	2.51	$0
Mar 1998	0	0	12.80	2.31	$0
Feb 1998	0	0	13.95	2.30	$0
Jan 1998	0	0	14.70	2.15	$0
Dec 1997	0	0	16.32	2.41	$0
Nov 1997	0	0	18.19	3.09	$0
Oct 1997	0	0	19.25	3.15	$0
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	35	0	17.88	2.08	$626
Mar 1997	0	0	18.95	1.94	$0
Feb 1997	0	0	20.49	2.21	$0
Jan 1997	0	0	23.48	3.54	$0
Dec 1996	0	0	23.32	—	$0
Nov 1996	0	0	21.97	—	$0
Oct 1996	0	0	23.31	—	$0
Sep 1996	50	0	22.22	—	$1,111
Aug 1996	0	0	20.26	—	$0
Jul 1996	0	0	19.55	—	$0
Jun 1996	0	0	18.73	—	$0
May 1996	0	0	19.43	—	$0
Apr 1996	0	0	21.51	—	$0
Mar 1996	0	0	19.38	—	$0
Feb 1996	0	0	16.98	—	$0
Jan 1996	0	0	17.07	—	$0
Dec 1995	0	13	17.19	—	$0
Nov 1995	546	3,703	16.00	—	$8,736
Oct 1995	558	4,919	15.43	—	$8,610
Sep 1995	368	3,301	16.18	—	$5,954
Aug 1995	540	2,687	15.92	—	$8,597
Jul 1995	0	621	15.24	—	$0
Jun 1995	185	478	16.41	—	$3,036
May 1995	0	439	17.56	—	$0
Apr 1995	8	9	17.73	—	$142
Mar 1995	0	0	16.44	—	$0
Feb 1995	0	0	16.58	—	$0
Jan 1995	909	4,795	15.92	—	$14,471
Dec 1994	1,268	7,224	15.03	—	$19,058
Nov 1994	362	1,620	15.90	—	$5,756
Oct 1994	546	3,853	15.58	—	$8,507
Sep 1994	1,073	7,289	15.29	—	$16,406
Aug 1994	1,427	9,052	16.13	—	$23,018
Jul 1994	1,519	9,670	17.56	—	$26,674
Jun 1994	1,418	10,123	17.09	—	$24,234
May 1994	2,123	4,123	15.88	—	$33,713
Apr 1994	1,977	11,940	14.14	—	$27,955
Mar 1994	3,034	16,941	12.46	—	$37,804
Feb 1994	3,598	21,583	12.50	—	$44,975
Jan 1994	5,557	50,754	12.66	—	$70,352
Dec 1993	10,137	53,078	12.33	—	$124,989
Nov 1993	3,192	8,377	14.49	—	$46,252
Oct 1993	0	1	15.85	—	$0

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 2006 — as filed, then multipliedworked

Oil                    0 bbl  × $ 57.59 =         $0
Casinghead gas       164 Mcf  × $  7.75 =     $1,271

────────────────────────────────────────────────────
Month total                                   $1,271

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/22342 is the state's own key, not one this site invented.