FITE

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

Operated by HALEX OIL CORPORATION (P-5 345411) in the SANDY POINT field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 24316District 03Field 80700001OilCasinghead gasSave Export

Value, all time

$669 k

Jun 2002 – Sep 2014

Value, last 12 filed months

$16 k

at the published price for each month

Months reported

148

no gaps in the span

Streams

oil, casinghead gas

The SANDY POINT 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 8 wells, and the rule below applies to all of them.

Discovered

1937-12-31

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

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	13,933 bbl	$664,420
Casinghead gas	Production	1,499 Mcf	$4,931
Total			$669,350

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 29.3977, -95.4413. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.39771, -95.44129 · 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

7,012 ft

1 wells filed one

Completion to plug

11.9 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 7,012 ft.

Completions filed

Jun 2002

1 of 1 wells

Plug dates filed

May 2014

1 of 1 wells

Last completion to plug: a median of 11.9 years across the 1 well that filed both dates, with the middle half between 11.9 years and 11.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-03932776	1	7,012 ft	Jun 2002	May 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 (148)

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

148 months


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	162	0	97.42	3.78	$15,782
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	170	0	104.25	3.52	$17,723
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	156	0	94.83	4.15	$14,793
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	135	0	91.23	3.42	$12,316
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	159	0	86.95	3.62	$13,825
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	86	0	74.59	3.75	$6,415
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	182	0	61.13	3.46	$11,126
Jun 2009	170	0	66.16	3.90	$11,247
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	171	0	32.81	4.63	$5,611
Jan 2009	157	0	35.86	5.37	$5,630
Dec 2008	154	0	37.10	5.98	$5,713
Nov 2008	169	0	55.49	6.86	$9,378
Oct 2008	172	0	75.24	6.92	$12,941
Sep 2008	172	0	101.76	7.88	$17,503
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	95	0	131.08	11.39	$12,453
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	165	0	110.31	10.45	$18,201
Mar 2008	184	0	101.90	9.66	$18,750
Feb 2008	164	0	92.53	8.77	$15,175
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	180	0	91.67	7.29	$16,501
Oct 2007	349	0	82.85	6.92	$28,915
Sep 2007	148	0	75.84	6.24	$11,224
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	147	0	58.74	7.85	$8,635
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	347	0	54.90	6.01	$19,050
Sep 2006	168	0	60.08	5.04	$10,093
Aug 2006	362	0	68.71	7.34	$24,873
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	58	0	61.51	9.80	$3,568
Jul 2005	180	0	55.69	7.84	$10,024
Jun 2005	365	0	52.33	7.38	$19,100
May 2005	366	0	45.22	6.65	$16,551
Apr 2005	549	0	49.20	7.36	$27,011
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	159	0	39.86	6.75	$6,338
Nov 2004	175	0	45.28	6.33	$7,924
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	159	0	42.37	5.55	$6,737
Jul 2004	178	0	38.28	6.08	$6,814
Jun 2004	168	0	36.10	6.43	$6,065
May 2004	109	0	37.48	6.49	$4,085
Apr 2004	171	0	34.47	5.86	$5,894
Mar 2004	179	0	34.36	5.53	$6,150
Feb 2004	367	0	32.45	5.51	$11,909
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	168	0	28.80	4.60	$4,838
Oct 2003	1	0	28.17	4.76	$28
Sep 2003	379	0	26.31	4.75	$9,971
Aug 2003	353	0	29.76	5.13	$10,505
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	904	0	26.59	5.97	$24,037
Apr 2003	553	0	26.67	5.41	$14,749
Mar 2003	921	0	31.14	6.10	$28,680
Feb 2003	559	0	33.48	7.93	$18,715
Jan 2003	1,856	0	30.31	5.58	$56,255
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	532	398	27.44	3.64	$16,045
Aug 2002	0	1,101	25.96	3.16	$3,484
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$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.

Oct 2013 — as filed, then multipliedworked

Oil                  162 bbl  × $ 97.42 =    $15,782
Casinghead gas         0 Mcf  × $  3.78 =         $0

────────────────────────────────────────────────────
Month total                                  $15,782

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/24316 is the state's own key, not one this site invented.