SMITH, WM. FEE

Name: SMITH, WM. FEE 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 3036District 03Field 60558500OilCasinghead gasSave Export

Value, all time

$3.0 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	117,748 bbl	$2,703,870
Casinghead gas	Production	120,075 Mcf	$328,820
Total			$3,032,690

35,255 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 (9)

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 30.1365, -94.6593. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

30.13662, -94.65945 · 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%

9 of 9 wells

With a plug date

66.7%

6 of 9 wells

Median depth

9,539 ft

9 wells filed one

Completion to plug

8.7 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

9100.0%

A plug date is filed

666.7%

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

666.7%

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, 9 of 9 wells. Median 9,539 ft, with the middle half between 9,380 and 9,557 ft; the shallowest is 9,240 ft and the deepest 9,900 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 9 wells, Mar 1964 – Sep 2023. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Mar 1964 – Sep 2023

5 of 9 wells; 4 filed none

Plug dates filed

Oct 1980 – May 2001

6 of 9 wells; 3 filed none

Last completion to plug: a median of 8.7 years across the 2 wells that filed both dates, with the middle half between 7.7 years and 9.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

9 wells


42-29101773	21	9,557 ft	—	Dec 1980	Yes
42-29101792	14	9,375 ft	—	Dec 1980	Yes
42-29101794	16	9,608 ft	—	Dec 1980	Yes
42-29101795	17	9,539 ft	—	Dec 1980	Yes
42-29101793	15	9,444 ft	Sep 2023	—	Yes
42-29101770	12	9,240 ft	Aug 2005	—	Yes
42-29101791	13	9,900 ft	Nov 1990	May 2001	Yes
42-29101796	20	9,550 ft	Jan 1974	Oct 1980	Yes
42-29101772	19	9,380 ft	Mar 1964	—	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	379	508	69.37	6.34	$29,513
Jun 2006	159	194	66.28	6.38	$11,777
May 2006	252	467	66.01	6.42	$19,635
Apr 2006	463	835	64.39	7.36	$35,959
Mar 2006	342	471	56.70	7.08	$22,727
Feb 2006	385	389	57.59	7.75	$25,187
Jan 2006	419	346	60.59	8.93	$28,478
Dec 2005	425	382	54.94	13.42	$28,474
Nov 2005	889	852	54.69	10.59	$57,641
Oct 2005	202	207	58.34	13.80	$14,640
Sep 2005	263	256	61.45	12.08	$19,254
Aug 2005	81	473	61.51	9.80	$9,616
Jul 2005	486	733	55.69	7.84	$32,815
Jun 2005	484	712	52.33	7.38	$30,583
May 2005	578	683	45.22	6.65	$30,680
Apr 2005	630	724	49.20	7.36	$36,325
Mar 2005	543	737	50.37	7.15	$32,624
Feb 2005	455	650	45.22	6.31	$24,678
Jan 2005	673	680	43.16	6.32	$33,346
Dec 2004	519	654	39.86	6.75	$25,103
Nov 2004	567	523	45.28	6.33	$28,985
Oct 2004	511	423	49.70	6.52	$28,153
Sep 2004	147	133	43.24	5.28	$7,059
Aug 2004	296	269	42.37	5.55	$14,035
Jul 2004	865	609	38.28	6.08	$36,817
Jun 2004	484	1,078	36.10	6.43	$24,407
May 2004	573	449	37.48	6.49	$24,392
Apr 2004	584	650	34.47	5.86	$23,938
Mar 2004	746	239	34.36	5.53	$26,954
Feb 2004	649	221	32.45	5.51	$22,278
Jan 2004	399	250	32.03	6.30	$14,355
Dec 2003	756	366	30.26	6.30	$25,183
Nov 2003	565	438	28.80	4.60	$18,285
Oct 2003	617	574	28.17	4.76	$20,113
Sep 2003	908	796	26.31	4.75	$27,670
Aug 2003	689	628	29.76	5.13	$23,726
Jul 2003	636	491	29.41	5.17	$21,244
Jun 2003	631	456	28.56	5.98	$20,750
May 2003	668	384	26.59	5.97	$20,056
Apr 2003	542	206	26.67	5.41	$15,569
Mar 2003	494	283	31.14	6.10	$17,108
Feb 2003	595	300	33.48	7.93	$22,298
Jan 2003	705	439	30.31	5.58	$23,819
Dec 2002	646	945	26.91	4.85	$21,971
Nov 2002	833	1,030	24.66	4.14	$24,803
Oct 2002	597	799	26.46	4.23	$19,176
Sep 2002	700	1,051	27.44	3.64	$23,029
Aug 2002	768	770	25.96	3.16	$22,374
Jul 2002	906	946	24.58	3.06	$25,166
Jun 2002	705	834	23.73	3.34	$19,514
May 2002	783	831	24.66	3.58	$22,287
Apr 2002	469	446	23.65	3.51	$12,658
Mar 2002	258	372	22.00	3.10	$6,830
Feb 2002	275	259	18.22	2.38	$5,626
Jan 2002	758	708	17.17	2.38	$14,697
Dec 2001	529	536	16.93	2.36	$10,223
Nov 2001	475	682	18.07	2.41	$10,224
Oct 2001	404	490	19.78	2.53	$9,230
Sep 2001	661	507	24.26	2.25	$17,177
Aug 2001	792	718	24.87	3.05	$21,889
Jul 2001	703	1,176	23.93	3.20	$20,583
Jun 2001	538	623	24.56	3.82	$15,596
May 2001	847	517	25.52	4.31	$23,842
Apr 2001	341	206	24.68	5.34	$9,515
Mar 2001	216	173	24.54	5.38	$6,231
Feb 2001	442	306	27.75	5.77	$14,030
Jan 2001	679	433	27.47	8.40	$22,289
Dec 2000	911	665	26.88	9.12	$30,554
Nov 2000	593	684	32.21	5.66	$22,971
Oct 2000	748	604	31.23	5.15	$26,468
Sep 2000	648	615	31.87	5.19	$23,841
Aug 2000	686	757	29.64	4.54	$23,770
Jul 2000	793	604	28.53	4.09	$25,095
Jun 2000	665	710	29.30	4.40	$22,607
May 2000	741	746	27.26	3.68	$22,945
Apr 2000	669	761	24.51	3.12	$18,768
Mar 2000	710	747	28.42	2.86	$22,314
Feb 2000	910	725	27.62	2.73	$27,111
Jan 2000	730	736	25.27	2.48	$20,273
Dec 1999	664	790	24.28	2.42	$18,037
Nov 1999	682	628	23.19	2.43	$17,344
Oct 1999	427	466	20.98	2.80	$10,265
Sep 1999	709	963	21.75	2.62	$17,943
Aug 1999	955	1,012	19.26	2.88	$21,303
Jul 1999	671	1,069	17.89	2.37	$14,540
Jun 1999	782	684	15.94	2.36	$14,081
May 1999	625	445	15.79	2.32	$10,902
Apr 1999	523	762	15.10	2.21	$9,580
Mar 1999	770	1,489	12.47	1.84	$12,339
Feb 1999	608	1,066	9.98	1.82	$8,006
Jan 1999	591	1,624	10.38	1.90	$9,220
Dec 1998	599	1,219	9.20	1.77	$7,672
Nov 1998	964	1,827	10.89	2.19	$14,491
Oct 1998	683	1,056	12.42	1.97	$10,562
Sep 1998	945	986	12.59	2.08	$13,951
Aug 1998	351	2,510	11.30	1.91	$8,754
Jul 1998	729	1,701	11.74	2.24	$12,364
Jun 1998	1,028	1,797	11.24	2.24	$15,575
May 1998	901	1,924	12.62	2.21	$15,616
Apr 1998	950	1,664	13.04	2.51	$16,557
Mar 1998	739	1,656	12.80	2.31	$13,284
Feb 1998	695	1,320	13.95	2.30	$12,730
Jan 1998	633	1,167	14.70	2.15	$11,820
Dec 1997	924	909	16.32	2.41	$17,271
Nov 1997	738	888	18.19	3.09	$16,167
Oct 1997	943	935	19.25	3.15	$21,098
Sep 1997	1,247	967	17.74	2.95	$24,979
Aug 1997	1,092	1,110	17.86	2.55	$22,339
Jul 1997	1,218	1,344	17.58	2.25	$24,432
Jun 1997	833	1,504	17.24	2.26	$17,756
May 1997	772	1,283	18.97	2.31	$17,607
Apr 1997	622	423	17.88	2.08	$12,002
Mar 1997	598	262	18.95	1.94	$11,840
Feb 1997	635	234	20.49	2.21	$13,527
Jan 1997	751	266	23.48	3.54	$18,575
Dec 1996	685	1,342	23.32	—	$15,974
Nov 1996	639	993	21.97	—	$14,039
Oct 1996	637	822	23.31	—	$14,848
Sep 1996	870	1,269	22.22	—	$19,331
Aug 1996	882	1,583	20.26	—	$17,869
Jul 1996	1,040	1,382	19.55	—	$20,332
Jun 1996	815	1,161	18.73	—	$15,265
May 1996	962	1,164	19.43	—	$18,692
Apr 1996	784	1,120	21.51	—	$16,864
Mar 1996	939	1,028	19.38	—	$18,198
Feb 1996	1,050	591	16.98	—	$17,829
Jan 1996	871	399	17.07	—	$14,868
Dec 1995	853	603	17.19	—	$14,663
Nov 1995	1,030	875	16.00	—	$16,480
Oct 1995	993	908	15.43	—	$15,322
Sep 1995	882	870	16.18	—	$14,271
Aug 1995	1,030	817	15.92	—	$16,398
Jul 1995	859	1,046	15.24	—	$13,091
Jun 1995	856	769	16.41	—	$14,047
May 1995	1,103	718	17.56	—	$19,369
Apr 1995	781	633	17.73	—	$13,847
Mar 1995	845	555	16.44	—	$13,892
Feb 1995	791	375	16.58	—	$13,115
Jan 1995	932	526	15.92	—	$14,837
Dec 1994	792	552	15.03	—	$11,904
Nov 1994	1,020	487	15.90	—	$16,218
Oct 1994	776	534	15.58	—	$12,090
Sep 1994	893	469	15.29	—	$13,654
Aug 1994	1,014	508	16.13	—	$16,356
Jul 1994	823	486	17.56	—	$14,452
Jun 1994	1,054	593	17.09	—	$18,013
May 1994	903	685	15.88	—	$14,340
Apr 1994	683	632	14.14	—	$9,658
Mar 1994	1,086	560	12.46	—	$13,532
Feb 1994	888	580	12.50	—	$11,100
Jan 1994	795	338	12.66	—	$10,065
Dec 1993	967	100	12.33	—	$11,923
Nov 1993	1,021	478	14.49	—	$14,794
Oct 1993	871	462	15.85	—	$13,805
Sep 1993	960	632	15.03	—	$14,429
Aug 1993	939	446	15.66	—	$14,705
Jul 1993	891	473	15.46	—	$13,775
Jun 1993	949	425	16.79	—	$15,934
May 1993	926	533	17.68	—	$16,372
Apr 1993	1,240	812	18.05	—	$22,382
Mar 1993	1,500	927	18.14	—	$27,210
Feb 1993	1,297	1,101	17.90	—	$23,216
Jan 1993	1,351	893	16.93	—	$22,872

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                  379 bbl  × $ 69.37 =    $26,291
Casinghead gas       508 Mcf  × $  6.34 =     $3,222

────────────────────────────────────────────────────
Month total                                  $29,513

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/3036 is the state's own key, not one this site invented.