MERCHANT -B-

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

Oil lease lease 2297District 03Field 43381001Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$1.7 M
Jan 1993 – Jun 2003
Value, last 12 filed months
$0
at the published price for each month
Months reported
126
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 other leases, and the rule below applies to all of them.

Discovered
1918-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
0 ft
minimum

A drilling unit in this field needs at least 0 acres.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: THIS IS A PIERCEMENT TYPE SALT DOME.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA4none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
OilDisposition107,753 bbl$1,731,853
Casinghead gasProduction70,751 Mcf$0
Total$1,731,853

70,751 Mcf of this lease's gas, across 39 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 (12)

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 30.1208, -94.6508. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

30.12083, -94.65170 · 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
91.7%
11 of 12 wells
With a plug date
91.7%
11 of 12 wells
Median depth
3,994 ft
12 wells filed one
Completion to plug
17.7 years
median over 9 wells

What the state filed about each well

On the RRC proration schedule
1191.7%
A plug date is filed
1191.7%
BothOn the schedule and plugged. Neither fact cancels the other.
1191.7%
NeitherNo plug date, and not on the schedule.
18.3%

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

Total depth in feet, 12 of 12 wells. Median 3,994 ft, with the middle half between 3,950 and 4,389 ft; the shallowest is 3,163 ft and the deepest 6,376 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 10 of 12 wells, Jan 1984 – Jun 1995. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Jan 1984 – Jun 1995
10 of 12 wells; 2 filed none
Plug dates filed
Jun 1992 – Jan 2009
11 of 12 wells; 1 filed none

Last completion to plug: a median of 17.7 years across the 9 wells that filed both dates, with the middle half between 13.6 years and 18.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

12 wells

42-29104857184,464 ftMay 2003Yes
42-29104858194,100 ftAug 2000Yes
42-2910082716,376 ftJun 1995Jan 2009Yes
42-29132225253,163 ftApr 1995Oct 2002Yes
42-29181575103,972 ftFeb 1987Sep 2002Yes
42-29100824156,270 ftJun 1985
42-29131833243,900 ftJan 1985Sep 2002Yes
42-2910081233,968 ftOct 1984Jun 1992Yes
42-29131832234,016 ftOct 1984Sep 2002Yes
42-29131819223,967 ftSep 1984Sep 2002Yes
42-29131754204,364 ftJun 1984Sep 2002Yes
42-2910081343,565 ftJan 1984Oct 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 (126)

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

126 months

Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
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 200146016.932.36$779
Nov 2001212018.072.41$3,831
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 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 2001126027.755.77$3,497
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 2000222031.875.19$7,075
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 2000331024.513.12$8,113
Mar 20000028.422.86$0
Feb 2000320027.622.73$8,838
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 1999636020.982.80$13,343
Sep 19990021.752.62$0
Aug 1999100019.262.88$1,926
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 1999178015.102.21$2,688
Mar 1999431012.471.84$5,375
Feb 1999009.981.82$0
Jan 1999573010.381.90$5,948
Dec 199831909.201.77$2,935
Nov 1998236010.892.19$2,570
Oct 19980012.421.97$0
Sep 1998281012.592.08$3,538
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 1998212013.042.51$2,764
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 1997193016.322.41$3,150
Nov 19970018.193.09$0
Oct 19970019.253.15$0
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 1997230017.582.25$4,043
Jun 19970017.242.26$0
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 1997200018.951.94$3,790
Feb 19970020.492.21$0
Jan 19970023.483.54$0
Dec 19960023.32$0
Nov 19960021.97$0
Oct 1996229023.31$5,338
Sep 19960022.22$0
Aug 19960020.26$0
Jul 1996251019.55$4,907
Jun 1996272018.73$5,095
May 19960019.43$0
Apr 1996280021.51$6,023
Mar 19963,0163,36719.38$58,450
Feb 19963,1151,61916.98$52,893
Jan 19962,9932,98817.07$51,091
Dec 19953,3832,63017.19$58,154
Nov 19953,1882,65316.00$51,008
Oct 19953,3761,96715.43$52,092
Sep 19952,9531,89816.18$47,780
Aug 19953,1133,49615.92$49,559
Jul 19953,5112,46015.24$53,508
Jun 19953,25498616.41$53,398
May 19952,23379917.56$39,211
Apr 19952,0032,61017.73$35,513
Mar 19952,4712,60116.44$40,623
Feb 19951,9884,76816.58$32,961
Jan 19952,4612,03215.92$39,179
Dec 19942,5262,21915.03$37,966
Nov 19942,5291,93915.90$40,211
Oct 19942,2162,05815.58$34,525
Sep 19942,3771,76215.29$36,344
Aug 19942,5081,84616.13$40,454
Jul 19942,5871,49317.56$45,428
Jun 19942,5221,82217.09$43,101
May 19942,9242,43315.88$46,433
Apr 19942,5041,78014.14$35,407
Mar 19942,1021,78012.46$26,191
Feb 19942,5121,86312.50$31,400
Jan 19942,9492,06112.66$37,334
Dec 19933,9642,30012.33$48,876
Nov 19932,3871,70714.49$34,588
Oct 19931,9981,53615.85$31,668
Sep 19932,29998315.03$34,554
Aug 19932,28889715.66$35,830
Jul 19932,51477515.46$38,866
Jun 19932,32968116.79$39,104
May 19932,39947717.68$42,414
Apr 19932,31429518.05$41,768
Mar 19932,48245118.14$45,023
Feb 19932,73768317.90$48,992
Jan 19938503616.93$14,391

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.

Dec 2001 — as filed, then multipliedworked
Oil                   46 bbl  × $ 16.93 =       $779
Casinghead gas         0 Mcf  × $  2.36 =         $0

────────────────────────────────────────────────────
Month total                                     $779

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/2297 is the state's own key, not one this site invented.