KIM UNIT #3

Name: KIM UNIT #3 lease production and value, Jun 2003 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by BEXCO OPERATING, INC. (P-5 68468) 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 24396District 03Field 34733600OilCasinghead gasSave Export

Value, all time

$4.2 M

Jun 2003 – Dec 2014

Value, last 12 filed months

at the published price for each month

Months reported

139

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	89,964 bbl	$3,616,202
Casinghead gas	Production	95,558 Mcf	$629,778
Total			$4,245,980

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 30.7498, -96.3361. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.74983, -96.33614 · 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

8,640 ft

1 wells filed one

Completion to plug

11.3 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 8,640 ft.

Completions filed

Mar 2003

1 of 1 wells

Plug dates filed

Jul 2014

1 of 1 wells

Last completion to plug: a median of 11.3 years across the 1 well that filed both dates, with the middle half between 11.3 years and 11.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-04130946	3H	8,640 ft	Mar 2003	Jul 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 (139)

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

139 months


Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
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	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
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	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
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	66	0	81.69	4.12	$5,392
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	0	0	74.59	3.75	$0
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	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	2	46.77	3.59	$7
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	4	35.86	5.37	$21
Dec 2008	258	339	37.10	5.98	$11,598
Nov 2008	269	412	55.49	6.86	$17,753
Oct 2008	381	418	75.24	6.92	$31,560
Sep 2008	203	346	101.76	7.88	$23,383
Aug 2008	365	344	114.22	8.48	$44,608
Jul 2008	249	623	131.08	11.39	$39,735
Jun 2008	350	571	131.33	13.03	$53,407
May 2008	378	628	123.17	11.57	$53,827
Apr 2008	196	488	110.31	10.45	$26,723
Mar 2008	340	521	101.90	9.66	$39,681
Feb 2008	368	366	92.53	8.77	$37,261
Jan 2008	192	407	90.38	8.21	$20,693
Dec 2007	322	405	88.33	7.30	$31,400
Nov 2007	388	796	91.67	7.29	$41,372
Oct 2007	378	742	82.85	6.92	$36,453
Sep 2007	546	922	75.84	6.24	$47,166
Aug 2007	366	1,029	69.06	6.39	$31,849
Jul 2007	164	648	70.90	6.39	$15,767
Jun 2007	473	850	62.00	7.55	$35,742
May 2007	380	1,057	58.74	7.85	$30,615
Apr 2007	351	796	59.61	7.81	$27,136
Mar 2007	473	914	56.92	7.30	$33,597
Feb 2007	331	1,033	55.10	8.22	$26,725
Jan 2007	350	1,051	50.30	6.73	$24,675
Dec 2006	523	1,408	56.65	6.92	$39,369
Nov 2006	371	1,434	54.20	7.62	$31,032
Oct 2006	492	1,447	54.90	6.01	$35,713
Sep 2006	522	1,777	60.08	5.04	$40,313
Aug 2006	673	1,902	68.71	7.34	$60,202
Jul 2006	499	1,007	69.37	6.34	$41,003
Jun 2006	519	648	66.28	6.38	$38,536
May 2006	529	798	66.01	6.42	$40,046
Apr 2006	486	888	64.39	7.36	$37,830
Mar 2006	484	515	56.70	7.08	$31,091
Feb 2006	535	256	57.59	7.75	$32,795
Jan 2006	699	631	60.59	8.93	$47,989
Dec 2005	710	636	54.94	13.42	$47,540
Nov 2005	681	980	54.69	10.59	$47,621
Oct 2005	523	1,407	58.34	13.80	$49,922
Sep 2005	674	1,615	61.45	12.08	$60,925
Aug 2005	908	1,035	61.51	9.80	$65,991
Jul 2005	889	353	55.69	7.84	$52,277
Jun 2005	350	868	52.33	7.38	$24,722
May 2005	724	920	45.22	6.65	$38,858
Apr 2005	920	469	49.20	7.36	$48,716
Mar 2005	739	326	50.37	7.15	$39,556
Feb 2005	552	274	45.22	6.31	$26,691
Jan 2005	927	1,434	43.16	6.32	$49,075
Dec 2004	1,121	2,635	39.86	6.75	$62,472
Nov 2004	958	661	45.28	6.33	$47,563
Oct 2004	1,121	0	49.70	6.52	$55,714
Sep 2004	935	530	43.24	5.28	$43,230
Aug 2004	1,317	2,482	42.37	5.55	$69,578
Jul 2004	1,512	1,259	38.28	6.08	$65,539
Jun 2004	1,845	4,064	36.10	6.43	$92,748
May 2004	2,640	2,626	37.48	6.49	$116,002
Apr 2004	3,274	1,825	34.47	5.86	$123,546
Mar 2004	2,728	4,302	34.36	5.53	$117,525
Feb 2004	1,523	1,681	32.45	5.51	$58,683
Jan 2004	4,447	1,886	32.03	6.30	$154,319
Dec 2003	4,692	4,296	30.26	6.30	$169,052
Nov 2003	5,142	2,794	28.80	4.60	$160,928
Oct 2003	5,825	3,277	28.17	4.76	$179,688
Sep 2003	6,282	4,695	26.31	4.75	$187,578
Aug 2003	7,071	6,464	29.76	5.13	$243,591
Jul 2003	7,499	6,257	29.41	5.17	$252,900
Jun 2003	6,966	5,084	28.56	5.98	$229,366

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.

Apr 2010 — as filed, then multipliedworked

Oil                   66 bbl  × $ 81.69 =     $5,392
Casinghead gas         0 Mcf  × $  4.12 =         $0

────────────────────────────────────────────────────
Month total                                   $5,392

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/24396 is the state's own key, not one this site invented.