PICKETT, E. W., FEE -A- O/A

Operated by DELTA EXPLORATION COMPANY, INC. (P-5 213559) in the LIBERTY, SOUTH field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 2724District 03Field 53498001Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$821 k
Jan 1993 – Mar 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
183
no gaps in the span
Streams
2
oil, casinghead gas

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 other leases, and the rule below applies to all of them.

Discovered
1925-12-31
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 register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: THIS IS A PIERCEMENT TYPE SALT DOME.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA3none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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.

StreamBasisVolumeValue
OilDisposition45,196 bbl$812,169
Casinghead gasProduction4,652 Mcf$8,343
Total$820,511

1,553 Mcf of this lease's gas, across 21 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (6)

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 30.0214, -94.7974. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

30.02137, -94.79650 · centre of the wells drawn, derived

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%
6 of 6 wells
With a plug date
100.0%
6 of 6 wells
Median depth
5,592 ft
6 wells filed one
Completion to plug
15.3 years
median over 4 wells

What the state filed about each well

On the RRC proration schedule
6100.0%
A plug date is filed
6100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
6100.0%
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 4,896 and 6,500 ft, median 5,592 ft, over the 6 wells that filed a depth.

Completions filed
Feb 1972 – May 1993
4 of 6 wells; 2 filed none
Plug dates filed
Feb 1995 – Nov 2006
6 of 6 wells

Last completion to plug: a median of 15.3 years across the 4 wells that filed both dates, with the middle half between 13.9 years and 21.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

6 wells

42-2910349145,637 ftNov 2006Yes
42-2913192585,546 ftNov 2006Yes
42-2913182264,896 ftMay 1993Nov 2006Yes
42-2913192675,033 ftNov 1992Nov 2006Yes
42-2910348816,088 ftJul 1978Feb 1995Yes
42-2910348926,500 ftFeb 1972Nov 2006Yes

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 (183)

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

183 months

Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 2003232026.675.41$6,187
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 2002387023.653.51$9,153
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 2001382018.072.41$6,903
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 2001102023.933.20$2,441
Jun 2001297024.563.82$7,294
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 2001178027.478.40$4,890
Dec 20002421126.889.12$6,605
Nov 20002471832.215.66$8,058
Oct 20002493431.235.15$7,951
Sep 20003228131.875.19$10,682
Aug 20002753929.644.54$8,328
Jul 20002283228.534.09$6,636
Jun 20003062529.304.40$9,076
May 2000194827.263.68$5,318
Apr 20002275524.513.12$5,735
Mar 2000347028.422.86$9,862
Feb 20002344427.622.73$6,583
Jan 20002092925.272.48$5,353
Dec 19993036424.282.42$7,512
Nov 19993404123.192.43$7,984
Oct 19992666420.982.80$5,760
Sep 19993587621.752.62$7,986
Aug 19992525019.262.88$4,997
Jul 19993664117.892.37$6,645
Jun 19994384615.942.36$7,090
May 19991184615.792.32$1,970
Apr 19993905415.102.21$6,008
Mar 19992334412.471.84$2,986
Feb 1999242409.981.82$2,488
Jan 19993814710.381.90$4,044
Dec 1998350249.201.77$3,263
Nov 199801710.892.19$37
Oct 19984465612.421.97$5,650
Sep 19983845512.592.08$4,949
Aug 19984222811.301.91$4,822
Jul 1998422011.742.24$4,954
Jun 19983843611.242.24$4,397
May 1998336012.622.21$4,240
Apr 19980013.042.51$0
Mar 1998305012.802.31$3,904
Feb 1998399013.952.30$5,566
Jan 19984051914.702.15$5,994
Dec 1997433016.322.41$7,067
Nov 1997312018.193.09$5,675
Oct 1997470019.253.15$9,048
Sep 19976337517.742.95$11,451
Aug 199747021117.862.55$8,933
Jul 199781310317.582.25$14,524
Jun 199735226617.242.26$6,669
May 19977123118.972.31$13,578
Apr 199745411917.882.08$8,365
Mar 19976497918.951.94$12,452
Feb 199795257720.492.21$20,779
Jan 199747841423.483.54$12,689
Dec 199683523123.32$19,472
Nov 1996726021.97$15,950
Oct 1996951023.31$22,168
Sep 1996397022.22$8,821
Aug 1996839020.26$16,998
Jul 1996707019.55$13,822
Jun 1996598018.73$11,201
May 1996608019.43$11,813
Apr 1996436021.51$9,378
Mar 19960019.38$0
Feb 1996690016.98$11,716
Jan 19961017.07$17
Dec 19951017.19$17
Nov 1995475016.00$7,600
Oct 1995953015.43$14,705
Sep 1995956016.18$15,468
Aug 19950015.92$0
Jul 1995461015.24$7,026
Jun 1995458016.41$7,516
May 19950017.56$0
Apr 19954802017.73$8,510
Mar 19954362016.44$7,168
Feb 19957212016.58$11,954
Jan 19950015.92$0
Dec 1994322015.03$4,840
Nov 19940015.90$0
Oct 19940015.58$0
Sep 19940015.29$0
Aug 19940016.13$0
Jul 19940017.56$0
Jun 19940117.09$0
May 1994384115.88$6,098
Apr 199447586814.14$6,717
Mar 1994389012.46$4,847
Feb 1994475112.50$5,938
Jan 1994865112.66$10,951
Dec 19931,225112.33$15,104
Nov 199326514.49$29
Oct 19933961915.85$6,277
Sep 19938202315.03$12,325
Aug 19931,3842715.66$21,673
Jul 19931,5781415.46$24,396
Jun 19931,7996416.79$30,205
May 19933,2462917.68$57,389
Apr 199301818.05$0
Mar 19937244518.14$13,133
Feb 199304517.90$0
Jan 19934574016.93$7,737

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 2003 — as filed, then multipliedworked
Oil                  232 bbl  × $ 26.67 =     $6,187
Casinghead gas         0 Mcf  × $  5.41 =         $0

────────────────────────────────────────────────────
Month total                                   $6,187

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/2724 is the state's own key, not one this site invented.