TREADAWAY LAND COMPANY

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

Operated by AMOCO PRODUCTION COMPANY (P-5 20425) in the BEAUMONT, WEST field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 306District 03Field 06532001NGPA filingOilCasinghead gasSave Export

Value, all time

$1.8 M

Jan 1993 – Aug 1998

Value, last 12 filed months

$136 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The BEAUMONT, WEST 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 15 leases and 79 wells, and the rule below applies to all of them.

Discovered

1936-12-31

as the register files it

Field class

Oil

the register's own label

Between wells

1,200 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 0 acres. The field rule took effect on 2001-10-23.

The Commission's schedule remark for this field reads: “CONSOLIDATED INTO BEAUMONT, WEST (CONSOLIDATED)”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	2	none	—	—

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.

Stream	Basis	Volume	Value
Oil	Disposition	97,273 bbl	$1,726,808
Casinghead gas	Production	87,598 Mcf	$30,850
Total			$1,757,659

76,137 Mcf of this lease's gas, across 37 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 (15)

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 30.1051, -94.1684. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.1 miles.

30.10144, -94.16989 · 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%

15 of 15 wells

With a plug date

93.3%

14 of 15 wells

Median depth

5,681 ft

14 wells filed one

Completion to plug

6.3 years

median over 9 wells

What the state filed about each well

On the RRC proration schedule

15100.0%

A plug date is filed

1493.3%

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

1493.3%

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, 14 of 15 wells. Median 5,681 ft, with the middle half between 5,392 and 5,991 ft; the shallowest is 2,801 ft and the deepest 6,208 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, 9 of 15 wells, Nov 1967 – Jun 1998. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Nov 1967 – Jun 1998

9 of 15 wells; 6 filed none

Plug dates filed

Oct 1955 – Nov 1998

14 of 15 wells; 1 filed none

Last completion to plug: a median of 6.3 years across the 9 wells that filed both dates, with the middle half between 3.5 years and 10.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

15 wells


42-24500239	4	5,389 ft	—	Jun 1979	Yes
42-24500246	11	5,405 ft	—	Aug 1989	Yes
42-24500248	13	—	—	—	Yes
42-24500252	17	4,587 ft	—	Aug 1989	Yes
42-24500254	19	5,450 ft	—	Aug 1989	Yes
42-24500255	1SW	2,801 ft	—	Oct 1955	Yes
42-24503203	21	5,912 ft	Jun 1998	Nov 1998	Yes
42-24531237	22	6,208 ft	Feb 1998	Nov 1998	Yes
42-24500251	16	5,920 ft	May 1995	Nov 1998	Yes
42-24581484	5	5,373 ft	Mar 1986	Sep 1989	Yes
42-24503024	20	5,953 ft	May 1983	Dec 1993	Yes
42-24500245	10	6,118 ft	May 1983	Aug 1989	Yes
42-24500250	15	6,130 ft	May 1983	Aug 1989	Yes
42-24500241	6 D	5,400 ft	May 1981	Nov 1995	Yes
42-24500237	2	6,003 ft	Nov 1967	Jul 1991	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 (68)

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

68 months


Aug 1998	0	0	11.30	1.91	$0
Jul 1998	0	0	11.74	2.24	$0
Jun 1998	0	0	11.24	2.24	$0
May 1998	0	0	12.62	2.21	$0
Apr 1998	0	0	13.04	2.51	$0
Mar 1998	0	0	12.80	2.31	$0
Feb 1998	426	0	13.95	2.30	$5,943
Jan 1998	661	0	14.70	2.15	$9,717
Dec 1997	486	0	16.32	2.41	$7,932
Nov 1997	947	1,197	18.19	3.09	$20,923
Oct 1997	2,097	640	19.25	3.15	$42,383
Sep 1997	2,184	3,569	17.74	2.95	$49,290
Aug 1997	2,402	135	17.86	2.55	$43,245
Jul 1997	2,250	215	17.58	2.25	$40,038
Jun 1997	2,422	77	17.24	2.26	$41,929
May 1997	2,434	254	18.97	2.31	$46,759
Apr 1997	2,394	365	17.88	2.08	$43,565
Mar 1997	2,247	1,428	18.95	1.94	$45,350
Feb 1997	2,278	2,400	20.49	2.21	$51,970
Jan 1997	2,487	1,181	23.48	3.54	$62,575
Dec 1996	2,517	758	23.32	—	$58,696
Nov 1996	2,083	1,276	21.97	—	$45,764
Oct 1996	2,022	1,216	23.31	—	$47,133
Sep 1996	1,446	811	22.22	—	$32,130
Aug 1996	1,841	973	20.26	—	$37,299
Jul 1996	2,259	655	19.55	—	$44,163
Jun 1996	2,361	423	18.73	—	$44,222
May 1996	2,951	0	19.43	—	$57,338
Apr 1996	3,085	0	21.51	—	$66,358
Mar 1996	2,811	0	19.38	—	$54,477
Feb 1996	2,990	0	16.98	—	$50,770
Jan 1996	2,735	0	17.07	—	$46,686
Dec 1995	1,144	0	17.19	—	$19,665
Nov 1995	1,444	0	16.00	—	$23,104
Oct 1995	1,758	0	15.43	—	$27,126
Sep 1995	1,575	0	16.18	—	$25,484
Aug 1995	1,377	0	15.92	—	$21,922
Jul 1995	1,444	0	15.24	—	$22,007
Jun 1995	810	1,470	16.41	—	$13,292
May 1995	826	249	17.56	—	$14,505
Apr 1995	783	232	17.73	—	$13,883
Mar 1995	767	2,093	16.44	—	$12,609
Feb 1995	728	272	16.58	—	$12,070
Jan 1995	825	300	15.92	—	$13,134
Dec 1994	893	387	15.03	—	$13,422
Nov 1994	833	483	15.90	—	$13,245
Oct 1994	930	447	15.58	—	$14,489
Sep 1994	919	723	15.29	—	$14,052
Aug 1994	915	1,606	16.13	—	$14,759
Jul 1994	949	2,374	17.56	—	$16,664
Jun 1994	1,164	1,799	17.09	—	$19,893
May 1994	1,203	1,549	15.88	—	$19,104
Apr 1994	1,588	1,473	14.14	—	$22,454
Mar 1994	1,633	918	12.46	—	$20,347
Feb 1994	1,246	1,525	12.50	—	$15,575
Jan 1994	1,120	2,102	12.66	—	$14,179
Dec 1993	1,585	1,480	12.33	—	$19,543
Nov 1993	1,907	1,498	14.49	—	$27,632
Oct 1993	2,473	1,482	15.85	—	$39,197
Sep 1993	1,102	3,942	15.03	—	$16,563
Aug 1993	1,909	1,590	15.66	—	$29,895
Jul 1993	2,112	1,034	15.46	—	$32,652
Jun 1993	1,171	1,706	16.79	—	$19,661
May 1993	976	1,567	17.68	—	$17,256
Apr 1993	576	8,258	18.05	—	$10,397
Mar 1993	571	9,224	18.14	—	$10,358
Feb 1993	551	8,383	17.90	—	$9,863
Jan 1993	650	9,859	16.93	—	$11,005

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.

Feb 1998 — as filed, then multipliedworked

Oil                  426 bbl  × $ 13.95 =     $5,943
Casinghead gas         0 Mcf  × $  2.30 =         $0

────────────────────────────────────────────────────
Month total                                   $5,943

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/306 is the state's own key, not one this site invented.