SMITH, J. T.

Operated by UNION SEABOARD CORPORATION (P-5 876900) in the SARATOGA, WEST field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 3705District 03Field 81063001OilCasinghead gasSaveExport
Value, all time
$96 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 103 leases and 185 wells, and the rule below applies to all of them.

Discovered
1954-03-01
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 Commission's schedule remark for this field reads: THIS IS A PIERCEMENT TYPE SALT DOME.

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
OilDisposition3,990 bbl$81,146
Casinghead gasProduction28,903 Mcf$14,861
Total$96,007

22,922 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 (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 30.2960, -94.5239. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles. 1 well has no surveyed location and is left out of it.

30.29594, -94.52442 · centre of 5 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
83.3%
5 of 6 wells
Median depth
3,869 ft
6 wells filed one
Completion to plug
19.7 years
median over 4 wells

What the state filed about each well

On the RRC proration schedule
6100.0%
A plug date is filed
583.3%
BothOn the schedule and plugged. Neither fact cancels the other.
583.3%
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

Between 3,592 and 7,228 ft, median 3,869 ft, over the 6 wells that filed a depth.

Completions filed
Sep 1964 – Nov 1978
4 of 6 wells; 2 filed none
Plug dates filed
Nov 1986 – Mar 2005
5 of 6 wells; 1 filed none

Last completion to plug: a median of 19.7 years across the 4 wells that filed both dates, with the middle half between 12.5 years and 29.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

6 wells

42-199017003S3,592 ftDec 1991Yes
42-199805223 S3,592 ftYes
42-199016732 D7,038 ftNov 1978Feb 2005Yes
42-199016992 S3,900 ftNov 1978Dec 1991Yes
42-199017031S3,838 ftApr 1976Nov 1986Yes
42-199016721 D7,228 ftSep 1964Mar 2005Yes

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 2005534049.207.36$26,273
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 20030126.675.41$5
Mar 20030131.146.10$6
Feb 20030133.487.93$8
Jan 20030030.315.58$0
Dec 20020126.914.85$5
Nov 20020124.664.14$4
Oct 20020126.464.23$4
Sep 20020127.443.64$4
Aug 20020125.963.16$3
Jul 20020124.583.06$3
Jun 20020223.733.34$7
May 20020124.663.58$4
Apr 20020123.653.51$4
Mar 20020222.003.10$6
Feb 20020218.222.38$5
Jan 20020217.172.38$5
Dec 20010216.932.36$5
Nov 20010018.072.41$0
Oct 20010219.782.53$5
Sep 20010124.262.25$2
Aug 20010224.873.05$6
Jul 20010123.933.20$3
Jun 20010324.563.82$11
May 20010225.524.31$9
Apr 20010324.685.34$16
Mar 20010424.545.38$22
Feb 20010327.755.77$17
Jan 20010427.478.40$34
Dec 20000626.889.12$55
Nov 20000332.215.66$17
Oct 20000231.235.15$10
Sep 20000331.875.19$16
Aug 20000229.644.54$9
Jul 20000528.534.09$20
Jun 20000529.304.40$22
May 20000427.263.68$15
Apr 20000424.513.12$12
Mar 20000328.422.86$9
Feb 20000427.622.73$11
Jan 20000425.272.48$10
Dec 19990424.282.42$10
Nov 19990523.192.43$12
Oct 19990620.982.80$17
Sep 19990421.752.62$10
Aug 19990319.262.88$9
Jul 19990317.892.37$7
Jun 19990415.942.36$9
May 19990515.792.32$12
Apr 19990415.102.21$9
Mar 19990312.471.84$6
Feb 1999009.981.82$0
Jan 19990410.381.90$8
Dec 1998069.201.77$11
Nov 19980510.892.19$11
Oct 19980412.421.97$8
Sep 19980512.592.08$10
Aug 19980911.301.91$17
Jul 19980011.742.24$0
Jun 199805211.242.24$116
May 1998014812.622.21$327
Apr 1998015313.042.51$383
Mar 1998021612.802.31$499
Feb 1998025813.952.30$593
Jan 1998042314.702.15$911
Dec 1997048916.322.41$1,179
Nov 1997027818.193.09$859
Oct 1997028819.253.15$907
Sep 1997023017.742.95$680
Aug 1997034317.862.55$876
Jul 1997051517.582.25$1,157
Jun 1997030817.242.26$695
May 1997037918.972.31$875
Apr 1997038117.882.08$794
Mar 1997042418.951.94$822
Feb 1997051020.492.21$1,125
Jan 1997042123.483.54$1,490
Dec 1996030923.32$0
Nov 1996045421.97$0
Oct 1996050123.31$0
Sep 1996039922.22$0
Aug 19967434220.26$1,499
Jul 1996042219.55$0
Jun 1996042718.73$0
May 199607419.43$0
Apr 1996048721.51$0
Mar 1996048519.38$0
Feb 199616340616.98$2,768
Jan 1996063517.07$0
Dec 1995050817.19$0
Nov 199515466316.00$2,464
Oct 1995058715.43$0
Sep 1995047416.18$0
Aug 199516462715.92$2,611
Jul 1995018215.24$0
Jun 1995026916.41$0
May 1995048317.56$0
Apr 199517747017.73$3,138
Mar 1995048416.44$0
Feb 1995045516.58$0
Jan 199515543815.92$2,468
Dec 1994046315.03$0
Nov 1994056315.90$0
Oct 199416447615.58$2,555
Sep 1994047515.29$0
Aug 1994060416.13$0
Jul 199417468317.56$3,055
Jun 199416868617.09$2,871
May 199417262515.88$2,731
Apr 1994066414.14$0
Mar 199415254012.46$1,894
Feb 199417348712.50$2,163
Jan 199417550212.66$2,216
Dec 199317750512.33$2,182
Nov 1993051514.49$0
Oct 199318461415.85$2,916
Sep 199316662615.03$2,495
Aug 1993051715.66$0
Jul 199317475315.46$2,690
Jun 199317858516.79$2,989
May 199317267517.68$3,041
Apr 1993033118.05$0
Mar 199317131718.14$3,102
Feb 1993169717.90$3,025
Jan 1993012816.93$0

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 2005 — as filed, then multipliedworked
Oil                  534 bbl  × $ 49.20 =    $26,273
Casinghead gas         0 Mcf  × $  7.36 =         $0

────────────────────────────────────────────────────
Month total                                  $26,273

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/3705 is the state's own key, not one this site invented.