MERCHANT, A. -D-

Name: MERCHANT, A. -D- lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by QUAIL CREEK OIL CORPORATION (P-5 684517) in the MERCHANT (EY-1B RESERVOIR) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 3034District 03Field 60558500OilCasinghead gasSave Export

Value, all time

$6.0 M

Jan 1993 – Jul 2008

Value, last 12 filed months

at the published price for each month

Months reported

187

no gaps in the span

Streams

oil, casinghead gas

The MERCHANT (EY-1B RESERVOIR) 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 12 leases and 38 wells, and the rule below applies to all of them.

Discovered

1951-12-31

as the register files it

Field class

Oil and gas

the register's own label

Between wells

660 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 20 acres.

The Commission's schedule remark for this field reads: “MERCHANT (CONSOLIDATED) FIELD.”

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	252,800 bbl	$5,605,088
Casinghead gas	Production	136,554 Mcf	$380,636
Total			$5,985,724

43,698 Mcf of this lease's gas, across 48 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 (11)

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 30.1385, -94.6524. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

30.13927, -94.65193 · 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%

11 of 11 wells

With a plug date

27.3%

3 of 11 wells

Median depth

9,575 ft

8 wells filed one

Completion to plug

20.9 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

11100.0%

A plug date is filed

327.3%

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

327.3%

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

Total depth in feet, 8 of 11 wells. Median 9,575 ft, with the middle half between 9,190 and 9,925 ft; the shallowest is 9,072 ft and the deepest 13,749 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 5 of 11 wells, Aug 1962 – Oct 2020. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Aug 1962 – Oct 2020

5 of 11 wells; 6 filed none

Plug dates filed

Apr 1979 – Jul 1983

3 of 11 wells; 8 filed none

Last completion to plug: a median of 20.9 years across the 1 well that filed both dates, with the middle half between 20.9 years and 20.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

11 wells


42-29101846	6	13,749 ft	—	Apr 1979	Yes
42-29101847	8	10,000 ft	—	Sep 1980	Yes
42-29101859	12	—	—	—	Yes
42-29101860	13	9,224 ft	—	—	Yes
42-29101862	15	—	—	—	Yes
42-29101863	16	—	—	—	Yes
42-29101844	4	9,250 ft	Oct 2020	—	Yes
42-29101868	9	9,086 ft	Dec 2010	—	Yes
42-29101858	11	9,072 ft	Mar 1990	—	Yes
42-29101850	19	9,900 ft	Jun 1969	—	Yes
42-29101864	18	9,900 ft	Aug 1962	Jul 1983	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 (187)

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

187 months


Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
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	0	0	58.74	7.85	$0
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	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	1,012	564	69.37	6.34	$73,780
Jun 2006	834	461	66.28	6.38	$58,220
May 2006	1,024	515	66.01	6.42	$70,903
Apr 2006	835	48	64.39	7.36	$54,119
Mar 2006	1,010	802	56.70	7.08	$62,948
Feb 2006	1,233	962	57.59	7.75	$78,465
Jan 2006	787	1,011	60.59	8.93	$56,716
Dec 2005	612	575	54.94	13.42	$41,337
Nov 2005	808	567	54.69	10.59	$50,193
Oct 2005	84	220	58.34	13.80	$7,936
Sep 2005	333	350	61.45	12.08	$24,691
Aug 2005	836	596	61.51	9.80	$57,261
Jul 2005	935	742	55.69	7.84	$57,890
Jun 2005	1,089	456	52.33	7.38	$60,353
May 2005	561	659	45.22	6.65	$29,752
Apr 2005	946	628	49.20	7.36	$51,166
Mar 2005	1,170	604	50.37	7.15	$63,254
Feb 2005	873	579	45.22	6.31	$43,132
Jan 2005	1,018	658	43.16	6.32	$48,097
Dec 2004	1,083	666	39.86	6.75	$47,665
Nov 2004	1,201	607	45.28	6.33	$58,224
Oct 2004	759	569	49.70	6.52	$41,429
Sep 2004	146	513	43.24	5.28	$9,024
Aug 2004	557	601	42.37	5.55	$26,936
Jul 2004	1,365	581	38.28	6.08	$55,787
Jun 2004	634	737	36.10	6.43	$27,629
May 2004	723	809	37.48	6.49	$32,352
Apr 2004	1,129	866	34.47	5.86	$43,990
Mar 2004	1,342	589	34.36	5.53	$49,368
Feb 2004	1,053	621	32.45	5.51	$37,591
Jan 2004	1,235	714	32.03	6.30	$44,055
Dec 2003	1,767	606	30.26	6.30	$57,288
Nov 2003	328	376	28.80	4.60	$11,174
Oct 2003	681	548	28.17	4.76	$21,792
Sep 2003	1,399	863	26.31	4.75	$40,906
Aug 2003	1,382	829	29.76	5.13	$45,381
Jul 2003	1,447	833	29.41	5.17	$46,864
Jun 2003	1,098	714	28.56	5.98	$35,631
May 2003	1,530	940	26.59	5.97	$46,297
Apr 2003	1,616	586	26.67	5.41	$46,267
Mar 2003	1,658	611	31.14	6.10	$55,355
Feb 2003	1,669	534	33.48	7.93	$60,111
Jan 2003	1,978	601	30.31	5.58	$63,308
Dec 2002	2,201	591	26.91	4.85	$62,097
Nov 2002	2,328	573	24.66	4.14	$59,779
Oct 2002	942	537	26.46	4.23	$27,196
Sep 2002	1,231	524	27.44	3.64	$35,683
Aug 2002	717	526	25.96	3.16	$20,278
Jul 2002	1,100	519	24.58	3.06	$28,627
Jun 2002	850	530	23.73	3.34	$21,940
May 2002	1,272	549	24.66	3.58	$33,335
Apr 2002	1,089	529	23.65	3.51	$27,613
Mar 2002	1,181	556	22.00	3.10	$27,707
Feb 2002	1,075	504	18.22	2.38	$20,784
Jan 2002	949	568	17.17	2.38	$17,644
Dec 2001	943	555	16.93	2.36	$17,277
Nov 2001	1,001	530	18.07	2.41	$19,363
Oct 2001	1,063	520	19.78	2.53	$22,341
Sep 2001	1,008	561	24.26	2.25	$25,717
Aug 2001	943	531	24.87	3.05	$25,074
Jul 2001	713	422	23.93	3.20	$18,411
Jun 2001	574	531	24.56	3.82	$16,128
May 2001	1,144	555	25.52	4.31	$31,585
Apr 2001	993	586	24.68	5.34	$27,634
Mar 2001	962	672	24.54	5.38	$27,220
Feb 2001	763	823	27.75	5.77	$25,920
Jan 2001	1,013	1,043	27.47	8.40	$36,587
Dec 2000	1,021	834	26.88	9.12	$35,053
Nov 2000	1,107	862	32.21	5.66	$40,534
Oct 2000	896	852	31.23	5.15	$32,366
Sep 2000	1,011	762	31.87	5.19	$36,173
Aug 2000	1,090	762	29.64	4.54	$35,768
Jul 2000	665	627	28.53	4.09	$21,537
Jun 2000	736	656	29.30	4.40	$24,449
May 2000	848	839	27.26	3.68	$26,204
Apr 2000	1,026	921	24.51	3.12	$28,017
Mar 2000	1,003	933	28.42	2.86	$31,173
Feb 2000	1,243	814	27.62	2.73	$36,551
Jan 2000	1,356	913	25.27	2.48	$36,531
Dec 1999	1,351	1,098	24.28	2.42	$35,464
Nov 1999	1,210	1,382	23.19	2.43	$31,424
Oct 1999	1,305	1,426	20.98	2.80	$31,377
Sep 1999	1,460	861	21.75	2.62	$34,010
Aug 1999	916	1,089	19.26	2.88	$20,774
Jul 1999	1,385	1,054	17.89	2.37	$27,278
Jun 1999	1,298	819	15.94	2.36	$22,625
May 1999	1,351	868	15.79	2.32	$23,347
Apr 1999	1,254	1,064	15.10	2.21	$21,285
Mar 1999	1,316	1,147	12.47	1.84	$18,519
Feb 1999	1,259	768	9.98	1.82	$13,961
Jan 1999	1,355	595	10.38	1.90	$15,195
Dec 1998	1,192	860	9.20	1.77	$12,491
Nov 1998	1,210	569	10.89	2.19	$14,421
Oct 1998	1,382	599	12.42	1.97	$18,344
Sep 1998	1,198	581	12.59	2.08	$16,293
Aug 1998	1,580	599	11.30	1.91	$18,997
Jul 1998	1,602	1,431	11.74	2.24	$22,009
Jun 1998	891	1,784	11.24	2.24	$14,006
May 1998	1,495	1,733	12.62	2.21	$22,690
Apr 1998	1,804	1,580	13.04	2.51	$27,483
Mar 1998	1,722	1,829	12.80	2.31	$26,266
Feb 1998	1,413	1,403	13.95	2.30	$22,937
Jan 1998	1,627	856	14.70	2.15	$25,761
Dec 1997	1,667	1,330	16.32	2.41	$30,412
Nov 1997	956	1,287	18.19	3.09	$21,364
Oct 1997	1,488	1,216	19.25	3.15	$32,474
Sep 1997	1,488	1,142	17.74	2.95	$29,772
Aug 1997	1,582	1,338	17.86	2.55	$31,673
Jul 1997	1,659	1,678	17.58	2.25	$32,936
Jun 1997	1,989	1,763	17.24	2.26	$38,270
May 1997	1,664	1,958	18.97	2.31	$36,086
Apr 1997	1,556	1,759	17.88	2.08	$31,485
Mar 1997	1,846	1,494	18.95	1.94	$37,879
Feb 1997	1,418	755	20.49	2.21	$30,720
Jan 1997	2,226	620	23.48	3.54	$54,461
Dec 1996	1,732	676	23.32	—	$40,390
Nov 1996	1,736	567	21.97	—	$38,140
Oct 1996	2,175	631	23.31	—	$50,699
Sep 1996	1,971	1,408	22.22	—	$43,796
Aug 1996	2,122	676	20.26	—	$42,992
Jul 1996	1,766	587	19.55	—	$34,525
Jun 1996	1,838	562	18.73	—	$34,426
May 1996	1,951	547	19.43	—	$37,908
Apr 1996	2,003	510	21.51	—	$43,085
Mar 1996	2,072	512	19.38	—	$40,155
Feb 1996	1,498	433	16.98	—	$25,436
Jan 1996	1,567	460	17.07	—	$26,749
Dec 1995	1,870	746	17.19	—	$32,145
Nov 1995	1,948	699	16.00	—	$31,168
Oct 1995	2,208	950	15.43	—	$34,069
Sep 1995	2,079	835	16.18	—	$33,638
Aug 1995	2,158	1,272	15.92	—	$34,355
Jul 1995	2,254	1,407	15.24	—	$34,351
Jun 1995	2,030	1,301	16.41	—	$33,312
May 1995	2,188	1,277	17.56	—	$38,421
Apr 1995	2,257	1,400	17.73	—	$40,017
Mar 1995	2,857	1,000	16.44	—	$46,969
Feb 1995	1,568	601	16.58	—	$25,997
Jan 1995	2,641	665	15.92	—	$42,045
Dec 1994	2,580	990	15.03	—	$38,777
Nov 1994	1,764	870	15.90	—	$28,048
Oct 1994	2,116	717	15.58	—	$32,967
Sep 1994	2,603	740	15.29	—	$39,800
Aug 1994	2,645	806	16.13	—	$42,664
Jul 1994	2,771	779	17.56	—	$48,659
Jun 1994	2,644	888	17.09	—	$45,186
May 1994	2,777	1,023	15.88	—	$44,099
Apr 1994	3,041	1,066	14.14	—	$43,000
Mar 1994	2,661	1,066	12.46	—	$33,156
Feb 1994	2,921	845	12.50	—	$36,513
Jan 1994	3,219	787	12.66	—	$40,753
Dec 1993	2,968	964	12.33	—	$36,595
Nov 1993	2,867	925	14.49	—	$41,543
Oct 1993	3,322	957	15.85	—	$52,654
Sep 1993	2,945	1,284	15.03	—	$44,263
Aug 1993	2,996	1,638	15.66	—	$46,917
Jul 1993	3,481	1,327	15.46	—	$53,816
Jun 1993	3,209	1,101	16.79	—	$53,879
May 1993	3,424	1,096	17.68	—	$60,536
Apr 1993	3,110	1,154	18.05	—	$56,136
Mar 1993	3,510	1,019	18.14	—	$63,671
Feb 1993	3,108	885	17.90	—	$55,633
Jan 1993	3,677	1,049	16.93	—	$62,252

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.

Jul 2006 — as filed, then multipliedworked

Oil                1,012 bbl  × $ 69.37 =    $70,202
Casinghead gas       564 Mcf  × $  6.34 =     $3,577

────────────────────────────────────────────────────
Month total                                  $73,780

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/3034 is the state's own key, not one this site invented.