KIM UNIT

Name: KIM UNIT lease production and value, Jan 2002 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by MARTINEAU PETROLEUM, INC. (P-5 531036) in the GIDDINGS (BUDA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 24158District 03Field 34733600OilCasinghead gasSave Export

Value, all time

$7.4 M

Jan 2002 – Apr 2009

Value, last 12 filed months

$5 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The GIDDINGS (BUDA) 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 598 leases and 630 wells, and the rule below applies to all of them.

Discovered

1977-03-26

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,200 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1997-05-16.

The Commission's schedule remark for this field reads: “DESIGNATED AS UFT FIELD PER DOCKET 01-0299858.”

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	187,891 bbl	$5,552,982
Casinghead gas	Production	360,491 Mcf	$1,840,219
Total			$7,393,201

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 30.7383, -96.3584. A lease has no coordinate of its own — that point is the mean of its wells, and they span 2.6 miles.

30.73831, -96.35834 · 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

10,932 ft

2 wells filed one

Completion to plug

9.3 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 8,640 and 13,223 ft, median 10,932 ft, over the 2 wells that filed a depth.

Completions filed

Jan 2002 – Mar 2003

2 of 2 wells

Plug dates filed

Feb 2009 – Jul 2014

2 of 2 wells

Last completion to plug: a median of 9.3 years across the 2 wells that filed both dates, with the middle half between 8.2 years and 10.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-04130946	3H	8,640 ft	Mar 2003	Jul 2014	Yes
42-04130827	1H	13,223 ft	Jan 2002	Feb 2009	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 (88)

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

88 months


Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	105	0	32.81	4.63	$3,445
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	2	0	101.76	7.88	$204
Aug 2008	1	0	114.22	8.48	$114
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	11	0	123.17	11.57	$1,355
Apr 2008	4	2	110.31	10.45	$462
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	8	0	90.38	8.21	$723
Dec 2007	99	46	88.33	7.30	$9,081
Nov 2007	14	55	91.67	7.29	$1,684
Oct 2007	181	48	82.85	6.92	$15,328
Sep 2007	188	114	75.84	6.24	$14,970
Aug 2007	10	300	69.06	6.39	$2,607
Jul 2007	170	601	70.90	6.39	$15,892
Jun 2007	160	658	62.00	7.55	$14,887
May 2007	186	770	58.74	7.85	$16,967
Apr 2007	304	567	59.61	7.81	$22,547
Mar 2007	211	624	56.92	7.30	$16,567
Feb 2007	204	571	55.10	8.22	$15,932
Jan 2007	171	633	50.30	6.73	$12,859
Dec 2006	176	674	56.65	6.92	$14,633
Nov 2006	351	995	54.20	7.62	$26,604
Oct 2006	164	868	54.90	6.01	$14,224
Sep 2006	360	864	60.08	5.04	$25,981
Aug 2006	367	1,181	68.71	7.34	$33,885
Jul 2006	366	1,010	69.37	6.34	$31,796
Jun 2006	589	2,296	66.28	6.38	$53,696
May 2006	690	2,749	66.01	6.42	$63,209
Apr 2006	519	2,807	64.39	7.36	$54,079
Mar 2006	705	2,971	56.70	7.08	$61,017
Feb 2006	542	2,918	57.59	7.75	$53,832
Jan 2006	698	3,482	60.59	8.93	$73,398
Dec 2005	681	3,769	54.94	13.42	$87,977
Nov 2005	497	2,140	54.69	10.59	$49,840
Oct 2005	852	3,420	58.34	13.80	$96,887
Sep 2005	716	3,398	61.45	12.08	$85,043
Aug 2005	807	3,075	61.51	9.80	$79,764
Jul 2005	879	1,700	55.69	7.84	$62,286
Jun 2005	1,029	4,199	52.33	7.38	$84,841
May 2005	910	3,959	45.22	6.65	$67,482
Apr 2005	1,059	4,322	49.20	7.36	$83,915
Mar 2005	1,519	2,888	50.37	7.15	$97,175
Feb 2005	947	3,205	45.22	6.31	$63,053
Jan 2005	1,572	3,312	43.16	6.32	$88,787
Dec 2004	2,091	1,310	39.86	6.75	$92,191
Nov 2004	808	1,494	45.28	6.33	$46,044
Oct 2004	1,317	2,931	49.70	6.52	$84,551
Sep 2004	1,126	2,800	43.24	5.28	$63,483
Aug 2004	1,144	3,214	42.37	5.55	$66,311
Jul 2004	1,320	2,778	38.28	6.08	$67,431
Jun 2004	1,534	2,713	36.10	6.43	$72,830
May 2004	1,528	2,622	37.48	6.49	$74,298
Apr 2004	1,159	2,616	34.47	5.86	$55,276
Mar 2004	1,321	2,698	34.36	5.53	$60,310
Feb 2004	1,341	2,259	32.45	5.51	$55,962
Jan 2004	1,166	1,934	32.03	6.30	$49,530
Dec 2003	2,273	3,881	30.26	6.30	$93,238
Nov 2003	1,871	1,716	28.80	4.60	$61,770
Oct 2003	1,856	3,452	28.17	4.76	$68,714
Sep 2003	1,830	4,106	26.31	4.75	$67,648
Aug 2003	2,068	4,824	29.76	5.13	$86,289
Jul 2003	2,252	4,341	29.41	5.17	$88,678
Jun 2003	1,508	3,159	28.56	5.98	$61,969
May 2003	13,145	15,284	26.59	5.97	$440,812
Apr 2003	18,027	17,216	26.67	5.41	$573,872
Mar 2003	16,390	18,278	31.14	6.10	$621,808
Feb 2003	2,568	6,541	33.48	7.93	$137,820
Jan 2003	3,112	7,314	30.31	5.58	$135,152
Dec 2002	3,114	7,863	26.91	4.85	$121,963
Nov 2002	3,408	9,098	24.66	4.14	$121,679
Oct 2002	4,042	10,365	26.46	4.23	$150,786
Sep 2002	4,277	11,167	27.44	3.64	$157,955
Aug 2002	4,982	12,697	25.96	3.16	$169,508
Jul 2002	5,733	14,664	24.58	3.06	$185,815
Jun 2002	6,451	15,839	23.73	3.34	$205,957
May 2002	8,179	19,651	24.66	3.58	$272,123
Apr 2002	9,843	20,799	23.65	3.51	$305,840
Mar 2002	15,003	27,031	22.00	3.10	$413,936
Feb 2002	21,080	24,645	18.22	2.38	$442,626
Jan 2002	0	0	17.17	2.38	$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 2009 — as filed, then multipliedworked

Oil                  105 bbl  × $ 32.81 =     $3,445
Casinghead gas         0 Mcf  × $  4.63 =         $0

────────────────────────────────────────────────────
Month total                                   $3,445

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/24158 is the state's own key, not one this site invented.