WELCH FOUNDATION

Name: WELCH FOUNDATION lease production and value, Jun 1999 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by LINC GULF COAST PETROLEUM, INC. (P-5 500796) in the HOSKINS MOUND field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 23680District 03Field 42789001OilCasinghead gasSave Export

Value, all time

$13.3 M

Jun 1999 – Mar 2013

Value, last 12 filed months

$2.8 M

at the published price for each month

Months reported

166

no gaps in the span

Streams

oil, casinghead gas

The HOSKINS MOUND 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 21 leases and 110 wells, and the rule below applies to all of them.

Discovered

1970-01-01

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 Commission's schedule remark for this field reads: “250 BOPD. 49B DAILY RATE RECALCULATED BASED ON INCREASED MER.”

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	299,077 bbl	$12,378,971
Casinghead gas	Production	162,592 Mcf	$923,053
Total			$13,302,024

Wells on this lease (4)

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 29.1420, -95.2228. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.6 miles.

29.14104, -95.22440 · 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

25.0%

1 of 4 wells

With a plug date

0.0%

0 of 4 wells

Median depth

5,850 ft

4 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

125.0%

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.

375.0%

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 3,950 and 6,395 ft, median 5,850 ft, over the 4 wells that filed a depth.

Completions filed

Dec 2002 – Nov 2006

4 of 4 wells

4 wells


42-03932775	8	3,950 ft	Nov 2006	—	—
42-03932722	5	6,395 ft	Apr 2005	—	Yes
42-03932671	1	5,850 ft	Mar 2003	—	—
42-03932789	7	5,850 ft	Dec 2002	—	—

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 (166)

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

166 months


Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	2,887	1,615	86.77	3.42	$256,029
Nov 2012	3,481	2,484	86.95	3.62	$311,677
Oct 2012	6,577	3,391	89.38	3.40	$599,381
Sep 2012	11,155	1,856	94.67	2.92	$1,061,460
Aug 2012	2,039	541	92.66	2.91	$190,507
Jul 2012	947	395	85.13	3.02	$81,811
Jun 2012	400	0	79.82	2.52	$31,928
May 2012	1,095	0	91.61	2.49	$100,313
Apr 2012	1,317	41	101.65	2.00	$133,955
Mar 2012	2,178	109	105.05	2.22	$229,041
Feb 2012	2,307	483	101.10	2.57	$234,479
Jan 2012	3,280	1,930	98.09	2.73	$327,012
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	127	95.72	3.31	$421
Oct 2011	198	2,234	84.98	3.65	$24,977
Sep 2011	53	0	83.62	3.99	$4,432
Aug 2011	0	36	83.40	4.15	$149
Jul 2011	146	0	94.14	4.52	$13,744
Jun 2011	156	0	92.90	4.64	$14,492
May 2011	170	0	98.13	4.40	$16,682
Apr 2011	115	0	105.96	4.33	$12,185
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	118	0	86.50	4.59	$10,207
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	362	0	80.84	3.80	$29,264
Oct 2010	255	0	78.10	3.51	$19,916
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	188	0	72.55	4.74	$13,639
Jun 2010	118	0	70.36	4.91	$8,302
May 2010	0	0	71.12	4.24	$0
Apr 2010	135	0	81.69	4.12	$11,028
Mar 2010	434	0	78.39	4.39	$34,021
Feb 2010	433	292	73.58	5.44	$33,449
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	157	10	71.44	5.48	$11,271
Nov 2009	284	0	74.59	3.75	$21,184
Oct 2009	1,010	145	72.54	4.11	$73,861
Sep 2009	276	0	65.54	3.06	$18,089
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	152	200	66.16	3.90	$10,835
May 2009	425	549	54.74	3.93	$25,420
Apr 2009	409	1,148	46.77	3.59	$23,247
Mar 2009	298	381	42.14	4.06	$14,104
Feb 2009	302	96	32.81	4.63	$10,353
Jan 2009	755	425	35.86	5.37	$29,357
Dec 2008	886	553	37.10	5.98	$36,176
Nov 2008	893	686	55.49	6.86	$54,259
Oct 2008	644	625	75.24	6.92	$52,781
Sep 2008	429	462	101.76	7.88	$47,294
Aug 2008	651	520	114.22	8.48	$78,768
Jul 2008	564	494	131.08	11.39	$79,556
Jun 2008	422	425	131.33	13.03	$60,960
May 2008	528	617	123.17	11.57	$72,175
Apr 2008	362	661	110.31	10.45	$46,843
Mar 2008	666	757	101.90	9.66	$75,181
Feb 2008	657	625	92.53	8.77	$66,274
Jan 2008	458	631	90.38	8.21	$46,572
Dec 2007	691	599	88.33	7.30	$65,410
Nov 2007	644	594	91.67	7.29	$63,367
Oct 2007	493	575	82.85	6.92	$44,825
Sep 2007	618	663	75.84	6.24	$51,009
Aug 2007	458	439	69.06	6.39	$34,434
Jul 2007	529	457	70.90	6.39	$40,425
Jun 2007	608	558	62.00	7.55	$41,908
May 2007	638	796	58.74	7.85	$43,722
Apr 2007	569	551	59.61	7.81	$38,219
Mar 2007	505	764	56.92	7.30	$34,323
Feb 2007	291	590	55.10	8.22	$20,882
Jan 2007	727	956	50.30	6.73	$42,999
Dec 2006	756	756	56.65	6.92	$48,058
Nov 2006	773	745	54.20	7.62	$47,572
Oct 2006	714	737	54.90	6.01	$43,631
Sep 2006	762	553	60.08	5.04	$48,567
Aug 2006	691	446	68.71	7.34	$50,752
Jul 2006	1,163	585	69.37	6.34	$84,388
Jun 2006	905	537	66.28	6.38	$63,412
May 2006	805	531	66.01	6.42	$56,550
Apr 2006	792	632	64.39	7.36	$55,649
Mar 2006	1,011	660	56.70	7.08	$61,998
Feb 2006	578	635	57.59	7.75	$38,209
Jan 2006	1,115	674	60.59	8.93	$73,579
Dec 2005	1,059	711	54.94	13.42	$67,720
Nov 2005	587	583	54.69	10.59	$38,276
Oct 2005	1,034	1,099	58.34	13.80	$75,485
Sep 2005	680	1,130	61.45	12.08	$55,435
Aug 2005	1,239	602	61.51	9.80	$82,109
Jul 2005	1,122	1,543	55.69	7.84	$74,587
Jun 2005	1,502	2,034	52.33	7.38	$93,613
May 2005	1,235	2,183	45.22	6.65	$70,366
Apr 2005	1,090	1,030	49.20	7.36	$61,209
Mar 2005	2,405	1,735	50.37	7.15	$133,554
Feb 2005	2,927	1,695	45.22	6.31	$143,058
Jan 2005	1,280	1,693	43.16	6.32	$65,948
Dec 2004	1,680	1,084	39.86	6.75	$74,283
Nov 2004	1,922	1,488	45.28	6.33	$96,448
Oct 2004	1,827	1,642	49.70	6.52	$101,500
Sep 2004	2,219	1,633	43.24	5.28	$104,578
Aug 2004	1,868	1,997	42.37	5.55	$90,232
Jul 2004	2,442	2,295	38.28	6.08	$107,443
Jun 2004	2,252	1,787	36.10	6.43	$92,793
May 2004	3,871	3,468	37.48	6.49	$167,608
Apr 2004	2,991	463	34.47	5.86	$105,812
Mar 2004	2,490	968	34.36	5.53	$90,910
Feb 2004	3,327	1,211	32.45	5.51	$114,633
Jan 2004	3,942	1,652	32.03	6.30	$136,669
Dec 2003	3,984	2,088	30.26	6.30	$133,714
Nov 2003	4,620	1,804	28.80	4.60	$141,346
Oct 2003	5,824	0	28.17	4.76	$164,062
Sep 2003	6,456	0	26.31	4.75	$169,857
Aug 2003	3,158	0	29.76	5.13	$93,982
Jul 2003	3,005	0	29.41	5.17	$88,377
Jun 2003	2,332	0	28.56	5.98	$66,602
May 2003	2,981	0	26.59	5.97	$79,265
Apr 2003	2,771	0	26.67	5.41	$73,903
Mar 2003	343	1,072	31.14	6.10	$17,216
Feb 2003	3,468	1,029	33.48	7.93	$124,264
Jan 2003	3,119	1,401	30.31	5.58	$102,357
Dec 2002	2,464	1,507	26.91	4.85	$73,621
Nov 2002	3,836	1,786	24.66	4.14	$101,984
Oct 2002	1,739	1,106	26.46	4.23	$50,691
Sep 2002	2,248	938	27.44	3.64	$65,095
Aug 2002	3,110	1,513	25.96	3.16	$85,523
Jul 2002	3,105	1,178	24.58	3.06	$79,928
Jun 2002	3,432	1,391	23.73	3.34	$86,085
May 2002	2,767	1,447	24.66	3.58	$73,420
Apr 2002	3,484	0	23.65	3.51	$82,397
Mar 2002	3,161	1,383	22.00	3.10	$73,833
Feb 2002	3,138	1,652	18.22	2.38	$61,099
Jan 2002	3,119	2,112	17.17	2.38	$58,571
Dec 2001	3,335	1,582	16.93	2.36	$60,202
Nov 2001	3,815	1,582	18.07	2.41	$72,743
Oct 2001	4,167	2,169	19.78	2.53	$87,908
Sep 2001	3,540	2,064	24.26	2.25	$90,527
Aug 2001	4,537	2,273	24.87	3.05	$119,775
Jul 2001	4,225	2,068	23.93	3.20	$107,716
Jun 2001	4,570	2,514	24.56	3.82	$121,853
May 2001	5,936	3,346	25.52	4.31	$165,899
Apr 2001	6,347	3,591	24.68	5.34	$175,803
Mar 2001	6,386	3,560	24.54	5.38	$175,853
Feb 2001	6,523	4,952	27.75	5.77	$209,572
Jan 2001	6,548	11,120	27.47	8.40	$273,268
Dec 2000	4,397	7,936	26.88	9.12	$190,588
Nov 2000	2,064	1,585	32.21	5.66	$75,449
Oct 2000	2,466	791	31.23	5.15	$81,083
Sep 2000	1,943	708	31.87	5.19	$65,595
Aug 2000	2,293	702	29.64	4.54	$71,152
Jul 2000	1,573	559	28.53	4.09	$47,164
Jun 2000	1,589	547	29.30	4.40	$48,963
May 2000	1,249	619	27.26	3.68	$36,326
Apr 2000	1,939	712	24.51	3.12	$49,743
Mar 2000	2,313	695	28.42	2.86	$67,723
Feb 2000	2,291	715	27.62	2.73	$65,227
Jan 2000	2,651	904	25.27	2.48	$69,233
Dec 1999	3,020	1,031	24.28	2.42	$75,824
Nov 1999	3,516	1,253	23.19	2.43	$84,586
Oct 1999	4,043	1,390	20.98	2.80	$88,719
Sep 1999	4,158	974	21.75	2.62	$92,987
Aug 1999	3,760	784	19.26	2.88	$74,672
Jul 1999	620	46	17.89	2.37	$11,201
Jun 1999	0	110	15.94	2.36	$260

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 2012 — as filed, then multipliedworked

Oil                2,887 bbl  × $ 86.77 =   $250,505
Casinghead gas     1,615 Mcf  × $  3.42 =     $5,524

────────────────────────────────────────────────────
Month total                                 $256,029

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/23680 is the state's own key, not one this site invented.