LOCKWOOD & SHARP -A-

Name: LOCKWOOD & SHARP -A- lease production and value, Sep 1996 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by JETTA OPERATING COMPANY, INC. (P-5 432283) in the THOMPSON (MIOCENE 10 SEG 4) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 23075District 03Field 89525465OilCasinghead gasSave Export

Value, all time

$3.9 M

Sep 1996 – Feb 2004

Value, last 12 filed months

$364 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The THOMPSON (MIOCENE 10 SEG 4) 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 4 leases and 9 wells, and the rule below applies to all of them.

Discovered

1959-05-01

as the register files it

Field class

Oil

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “TRANS. FROM THOMPSON /3600 SAND/ FIELD EFF. 5-1-59”

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	181,414 bbl	$3,783,178
Casinghead gas	Production	51,214 Mcf	$153,003
Total			$3,936,181

446 Mcf of this lease's gas, across 4 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 29.4533, -95.5774. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.45325, -95.57744 · 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

3,864 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 3,864 ft.

Completions filed

Sep 1996

1 of 1 wells

1 well


42-15730234	69	3,864 ft	Sep 1996	—	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 (90)

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

90 months


Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	2,601	1,225	28.17	4.76	$79,101
Sep 2003	757	172	26.31	4.75	$20,734
Aug 2003	909	126	29.76	5.13	$27,698
Jul 2003	1,607	222	29.41	5.17	$48,410
Jun 2003	1,289	242	28.56	5.98	$38,262
May 2003	1,865	319	26.59	5.97	$51,496
Apr 2003	2,717	184	26.67	5.41	$73,457
Mar 2003	811	0	31.14	6.10	$25,255
Feb 2003	1,509	70	33.48	7.93	$51,076
Jan 2003	1,400	0	30.31	5.58	$42,434
Dec 2002	387	0	26.91	4.85	$10,414
Nov 2002	621	0	24.66	4.14	$15,314
Oct 2002	1,088	0	26.46	4.23	$28,788
Sep 2002	1,330	0	27.44	3.64	$36,495
Aug 2002	2,281	0	25.96	3.16	$59,215
Jul 2002	2,240	0	24.58	3.06	$55,059
Jun 2002	2,329	0	23.73	3.34	$55,267
May 2002	2,176	0	24.66	3.58	$53,660
Apr 2002	2,057	0	23.65	3.51	$48,648
Mar 2002	2,196	11	22.00	3.10	$48,346
Feb 2002	2,024	774	18.22	2.38	$38,716
Jan 2002	2,122	983	17.17	2.38	$38,770
Dec 2001	2,166	570	16.93	2.36	$38,018
Nov 2001	2,104	856	18.07	2.41	$40,078
Oct 2001	2,245	805	19.78	2.53	$46,442
Sep 2001	2,310	688	24.26	2.25	$57,590
Aug 2001	2,450	1,249	24.87	3.05	$64,745
Jul 2001	2,423	430	23.93	3.20	$59,357
Jun 2001	2,000	82	24.56	3.82	$49,434
May 2001	1,865	418	25.52	4.31	$49,395
Apr 2001	1,788	194	24.68	5.34	$45,163
Mar 2001	1,863	515	24.54	5.38	$48,487
Feb 2001	1,739	683	27.75	5.77	$52,196
Jan 2001	1,962	198	27.47	8.40	$55,559
Dec 2000	1,964	1,101	26.88	9.12	$62,836
Nov 2000	1,912	617	32.21	5.66	$65,077
Oct 2000	2,206	940	31.23	5.15	$73,730
Sep 2000	1,862	453	31.87	5.19	$61,691
Aug 2000	1,955	0	29.64	4.54	$57,946
Jul 2000	2,017	542	28.53	4.09	$59,762
Jun 2000	1,664	970	29.30	4.40	$53,021
May 2000	1,655	820	27.26	3.68	$48,133
Apr 2000	1,586	461	24.51	3.12	$40,309
Mar 2000	1,420	697	28.42	2.86	$42,350
Feb 2000	1,401	1,075	27.62	2.73	$41,627
Jan 2000	1,741	1,228	25.27	2.48	$47,041
Dec 1999	1,759	1,235	24.28	2.42	$45,702
Nov 1999	1,852	1,102	23.19	2.43	$45,630
Oct 1999	1,905	1,037	20.98	2.80	$42,874
Sep 1999	1,998	1,126	21.75	2.62	$46,405
Aug 1999	1,968	534	19.26	2.88	$39,439
Jul 1999	1,547	253	17.89	2.37	$28,276
Jun 1999	1,981	350	15.94	2.36	$32,404
May 1999	2,104	898	15.79	2.32	$35,306
Apr 1999	1,878	523	15.10	2.21	$29,513
Mar 1999	1,671	519	12.47	1.84	$21,791
Feb 1999	1,904	460	9.98	1.82	$19,838
Jan 1999	1,737	618	10.38	1.90	$19,204
Dec 1998	1,929	1,159	9.20	1.77	$19,802
Nov 1998	1,835	489	10.89	2.19	$21,052
Oct 1998	1,504	765	12.42	1.97	$20,186
Sep 1998	2,210	1,172	12.59	2.08	$30,265
Aug 1998	2,771	667	11.30	1.91	$32,585
Jul 1998	2,503	717	11.74	2.24	$30,989
Jun 1998	2,306	487	11.24	2.24	$27,009
May 1998	2,733	551	12.62	2.21	$35,706
Apr 1998	2,527	1,266	13.04	2.51	$36,124
Mar 1998	2,656	73	12.80	2.31	$34,165
Feb 1998	2,473	238	13.95	2.30	$35,046
Jan 1998	2,701	1,374	14.70	2.15	$42,665
Dec 1997	2,404	981	16.32	2.41	$41,599
Nov 1997	3,321	1,109	18.19	3.09	$63,834
Oct 1997	3,839	1,422	19.25	3.15	$78,380
Sep 1997	2,374	482	17.74	2.95	$43,539
Aug 1997	3,506	553	17.86	2.55	$64,030
Jul 1997	2,898	650	17.58	2.25	$52,407
Jun 1997	3,345	1,667	17.24	2.26	$61,431
May 1997	4,737	3,278	18.97	2.31	$97,428
Apr 1997	5,295	138	17.88	2.08	$94,962
Mar 1997	5,276	2,071	18.95	1.94	$103,996
Feb 1997	2,822	753	20.49	2.21	$59,484
Jan 1997	2,189	131	23.48	3.54	$51,861
Dec 1996	1,916	81	23.32	—	$44,681
Nov 1996	1,773	114	21.97	—	$38,953
Oct 1996	1,898	89	23.31	—	$44,242
Sep 1996	755	162	22.22	—	$16,776

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.

Oct 2003 — as filed, then multipliedworked

Oil                2,601 bbl  × $ 28.17 =    $73,270
Casinghead gas     1,225 Mcf  × $  4.76 =     $5,831

────────────────────────────────────────────────────
Month total                                  $79,101

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/23075 is the state's own key, not one this site invented.