SELECTED LANDS UNIT #1

Name: SELECTED LANDS UNIT #1 lease production and value, May 2001 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by EVOLUTION OPERATING CO., INC. (P-5 256681) in the IOLA (GEORGETOWN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 24011District 03Field 44640275OilCasinghead gasSave Export

Value, all time

$1.4 M

May 2001 – Oct 2014

Value, last 12 filed months

at the published price for each month

Months reported

162

no gaps in the span

Streams

oil, casinghead gas

The IOLA (GEORGETOWN) 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 69 leases and 70 wells, and the rule below applies to all of them.

Discovered

1980-09-14

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,867 ft

minimum

From a lease line

933 ft

minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1998-06-30.

The Commission's schedule remark for this field reads: “PER DOCKET 3-0219357 EFF 6-30-98, RULES MADE PERMANENT.”

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	11,931 bbl	$590,370
Casinghead gas	Production	128,450 Mcf	$830,020
Total			$1,420,390

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 30.7337, -96.1333. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.73367, -96.13327 · 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

100.0%

1 of 1 wells

Median depth

14,590 ft

1 wells filed one

Completion to plug

17.8 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

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

1100.0%

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 14,590 ft.

Completions filed

May 1996

1 of 1 wells

Plug dates filed

Feb 2014

1 of 1 wells

Last completion to plug: a median of 17.8 years across the 1 well that filed both dates, with the middle half between 17.8 years and 17.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-18530564	1	14,590 ft	May 1996	Feb 2014	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 (162)

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

162 months


Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	2	0	97.42	3.78	$195
Sep 2013	5	0	104.11	3.72	$521
Aug 2013	6	0	104.25	3.52	$626
Jul 2013	5	0	102.52	3.72	$513
Jun 2013	145	0	94.40	3.93	$13,688
May 2013	5	1	94.83	4.15	$478
Apr 2013	11	835	93.96	4.28	$4,610
Mar 2013	15	881	93.62	3.91	$4,852
Feb 2013	14	1,150	91.23	3.42	$5,210
Jan 2013	3	1,362	91.60	3.42	$4,933
Dec 2012	337	1,560	86.77	3.42	$34,577
Nov 2012	16	3,708	86.95	3.62	$14,833
Oct 2012	11	2,796	89.38	3.40	$10,489
Sep 2012	2	1	94.67	2.92	$192
Aug 2012	1	74	92.66	2.91	$308
Jul 2012	0	30	85.13	3.02	$91
Jun 2012	0	278	79.82	2.52	$700
May 2012	0	28	91.61	2.49	$70
Apr 2012	0	12	101.65	2.00	$24
Mar 2012	0	43	105.05	2.22	$96
Feb 2012	0	25	101.10	2.57	$64
Jan 2012	0	21	98.09	2.73	$57
Dec 2011	0	46	96.87	3.24	$149
Nov 2011	157	31	95.72	3.31	$15,131
Oct 2011	4	187	84.98	3.65	$1,022
Sep 2011	0	393	83.62	3.99	$1,566
Aug 2011	0	214	83.40	4.15	$888
Jul 2011	0	300	94.14	4.52	$1,355
Jun 2011	0	296	92.90	4.64	$1,373
May 2011	0	451	98.13	4.40	$1,987
Apr 2011	0	371	105.96	4.33	$1,608
Mar 2011	0	455	96.36	4.06	$1,846
Feb 2011	0	419	85.64	4.18	$1,751
Jan 2011	0	292	86.50	4.59	$1,340
Dec 2010	0	95	85.73	4.35	$413
Nov 2010	0	254	80.84	3.80	$964
Oct 2010	0	138	78.10	3.51	$484
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	62	73.68	4.42	$274
Jul 2010	0	46	72.55	4.74	$218
Jun 2010	0	54	70.36	4.91	$265
May 2010	0	73	71.12	4.24	$309
Apr 2010	0	52	81.69	4.12	$214
Mar 2010	0	78	78.39	4.39	$342
Feb 2010	0	38	73.58	5.44	$207
Jan 2010	0	31	74.36	5.96	$185
Dec 2009	0	45	71.44	5.48	$247
Nov 2009	0	18	74.59	3.75	$68
Oct 2009	0	2	72.54	4.11	$8
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	178	307	61.13	3.46	$11,945
Jun 2009	0	83	66.16	3.90	$323
May 2009	0	143	54.74	3.93	$561
Apr 2009	0	791	46.77	3.59	$2,838
Mar 2009	179	893	42.14	4.06	$11,168
Feb 2009	0	641	32.81	4.63	$2,970
Jan 2009	187	898	35.86	5.37	$11,529
Dec 2008	0	744	37.10	5.98	$4,447
Nov 2008	188	892	55.49	6.86	$16,552
Oct 2008	0	828	75.24	6.92	$5,731
Sep 2008	174	947	101.76	7.88	$25,166
Aug 2008	0	775	114.22	8.48	$6,574
Jul 2008	191	760	131.08	11.39	$33,692
Jun 2008	0	724	131.33	13.03	$9,436
May 2008	187	770	123.17	11.57	$31,945
Apr 2008	184	1,721	110.31	10.45	$38,290
Mar 2008	183	2,542	101.90	9.66	$43,214
Feb 2008	185	967	92.53	8.77	$25,599
Jan 2008	0	10	90.38	8.21	$82
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	80	91.67	7.29	$583
Oct 2007	0	187	82.85	6.92	$1,294
Sep 2007	184	345	75.84	6.24	$16,109
Aug 2007	0	1,046	69.06	6.39	$6,682
Jul 2007	0	876	70.90	6.39	$5,596
Jun 2007	186	687	62.00	7.55	$16,718
May 2007	0	1,044	58.74	7.85	$8,192
Apr 2007	182	1,147	59.61	7.81	$19,802
Mar 2007	0	855	56.92	7.30	$6,243
Feb 2007	184	913	55.10	8.22	$17,640
Jan 2007	0	740	50.30	6.73	$4,978
Dec 2006	167	1,658	56.65	6.92	$20,931
Nov 2006	184	1,161	54.20	7.62	$18,817
Oct 2006	186	968	54.90	6.01	$16,033
Sep 2006	0	672	60.08	5.04	$3,385
Aug 2006	180	388	68.71	7.34	$15,216
Jul 2006	0	1,609	69.37	6.34	$10,206
Jun 2006	0	670	66.28	6.38	$4,277
May 2006	183	1,141	66.01	6.42	$19,411
Apr 2006	0	1,661	64.39	7.36	$12,226
Mar 2006	181	1,393	56.70	7.08	$20,129
Feb 2006	183	2,094	57.59	7.75	$26,770
Jan 2006	181	2,158	60.59	8.93	$30,245
Dec 2005	0	2,300	54.94	13.42	$30,855
Nov 2005	181	694	54.69	10.59	$17,247
Oct 2005	0	1,846	58.34	13.80	$25,467
Sep 2005	183	756	61.45	12.08	$20,377
Aug 2005	0	1,499	61.51	9.80	$14,685
Jul 2005	0	1,544	55.69	7.84	$12,111
Jun 2005	187	1,722	52.33	7.38	$22,496
May 2005	6	1,780	45.22	6.65	$12,110
Apr 2005	187	2,568	49.20	7.36	$28,102
Mar 2005	180	1,515	50.37	7.15	$19,906
Feb 2005	184	2,009	45.22	6.31	$21,001
Jan 2005	193	2,672	43.16	6.32	$25,223
Dec 2004	8	1,130	39.86	6.75	$7,948
Nov 2004	4	564	45.28	6.33	$3,751
Oct 2004	206	1,086	49.70	6.52	$17,314
Sep 2004	194	2,669	43.24	5.28	$22,491
Aug 2004	197	1,892	42.37	5.55	$18,849
Jul 2004	2	62	38.28	6.08	$454
Jun 2004	11	2,182	36.10	6.43	$14,434
May 2004	191	2,818	37.48	6.49	$25,460
Apr 2004	181	1,484	34.47	5.86	$14,933
Mar 2004	204	2,887	34.36	5.53	$22,975
Feb 2004	187	920	32.45	5.51	$11,137
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	2	1,462	30.26	6.30	$9,274
Nov 2003	196	3,714	28.80	4.60	$22,711
Oct 2003	396	5,337	28.17	4.76	$36,558
Sep 2003	24	4,539	26.31	4.75	$22,189
Aug 2003	185	2,765	29.76	5.13	$19,689
Jul 2003	194	1,902	29.41	5.17	$15,540
Jun 2003	3	2,385	28.56	5.98	$14,355
May 2003	197	1,835	26.59	5.97	$16,198
Apr 2003	196	2,249	26.67	5.41	$17,388
Mar 2003	382	5,184	31.14	6.10	$43,497
Feb 2003	0	1,813	33.48	7.93	$14,370
Jan 2003	0	491	30.31	5.58	$2,741
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	186	0	24.66	4.14	$4,587
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	194	0	27.44	3.64	$5,323
Aug 2002	193	0	25.96	3.16	$5,010
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	193	0	23.73	3.34	$4,580
May 2002	192	0	24.66	3.58	$4,735
Apr 2002	7	0	23.65	3.51	$166
Mar 2002	190	0	22.00	3.10	$4,180
Feb 2002	193	0	18.22	2.38	$3,516
Jan 2002	196	0	17.17	2.38	$3,365
Dec 2001	199	0	16.93	2.36	$3,369
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	190	0	19.78	2.53	$3,758
Sep 2001	192	0	24.26	2.25	$4,658
Aug 2001	192	0	24.87	3.05	$4,775
Jul 2001	187	0	23.93	3.20	$4,475
Jun 2001	192	0	24.56	3.82	$4,716
May 2001	18	0	25.52	4.31	$459

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 2013 — as filed, then multipliedworked

Oil                    2 bbl  × $ 97.42 =       $195
Casinghead gas         0 Mcf  × $  3.78 =         $0

────────────────────────────────────────────────────
Month total                                     $195

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/24011 is the state's own key, not one this site invented.