SHANKS, M. W.

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

Operated by MCGOWAN WORKING PARTNERS, INC. (P-5 549836) in the THOMPSON, NORTH field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 4134District 03Field 89527001OilCasinghead gasSave Export

Value, all time

$2.4 M

Jan 1993 – Apr 2003

Value, last 12 filed months

$193 k

at the published price for each month

Months reported

124

no gaps in the span

Streams

oil, casinghead gas

The THOMPSON, NORTH 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 17 leases and 110 wells, and the rule below applies to all of them.

Discovered

1939-04-09

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 field rule took effect on 1947-05-01.

The Commission's schedule remark for this field reads: “PER DOCKET 3-10530 EFF 5-1-47, RULES ADOPTED”

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	117,965 bbl	$2,291,515
Casinghead gas	Production	46,611 Mcf	$82,030
Total			$2,373,545

18,759 Mcf of this lease's gas, across 45 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 (4)

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 29.7624, -95.8234. A lease has no coordinate of its own — that point is the mean of its wells, and they span 73.2 miles, so treat it as the lease's centre and not as its location.

30.02745, -96.08333 · 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

25.0%

1 of 4 wells

With a plug date

0.0%

0 of 4 wells

Median depth

7,872 ft

3 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

125.0%

A plug date is filed

00.0%

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

00.0%

NeitherNo plug date, and not on the schedule.

375.0%

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 7,792 and 7,944 ft, median 7,872 ft, over the 3 wells that filed a depth.

Completions filed

Jul 2007 – Mar 2014

3 of 4 wells; 1 filed none

4 wells


42-15702752	3	—	—	—	—
42-05133763	1H	7,792 ft	Mar 2014	—	Yes
42-15702751	2	7,944 ft	Sep 2007	—	—
42-15702750	1	7,872 ft	Jul 2007	—	—

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 (124)

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

124 months


Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	999	496	26.91	4.85	$29,291
Nov 2002	709	419	24.66	4.14	$19,217
Oct 2002	1,061	372	26.46	4.23	$29,647
Sep 2002	899	360	27.44	3.64	$25,977
Aug 2002	719	288	25.96	3.16	$19,577
Jul 2002	902	372	24.58	3.06	$23,310
Jun 2002	897	369	23.73	3.34	$22,518
May 2002	891	372	24.66	3.58	$23,305
Apr 2002	1,083	360	23.65	3.51	$26,877
Mar 2002	1,217	372	22.00	3.10	$27,928
Feb 2002	724	336	18.22	2.38	$13,990
Jan 2002	1,074	372	17.17	2.38	$19,324
Dec 2001	1,078	248	16.93	2.36	$18,837
Nov 2001	1,074	240	18.07	2.41	$19,985
Oct 2001	892	248	19.78	2.53	$18,271
Sep 2001	1,076	224	24.26	2.25	$26,608
Aug 2001	1,587	186	24.87	3.05	$40,037
Jul 2001	1,068	186	23.93	3.20	$26,152
Jun 2001	1,255	360	24.56	3.82	$32,200
May 2001	1,082	372	25.52	4.31	$29,215
Apr 2001	1,056	360	24.68	5.34	$27,983
Mar 2001	1,266	310	24.54	5.38	$32,734
Feb 2001	1,085	280	27.75	5.77	$31,724
Jan 2001	1,270	280	27.47	8.40	$37,239
Dec 2000	902	310	26.88	9.12	$27,074
Nov 2000	1,237	300	32.21	5.66	$41,541
Oct 2000	1,089	310	31.23	5.15	$35,605
Sep 2000	1,234	240	31.87	5.19	$40,572
Aug 2000	1,413	248	29.64	4.54	$43,007
Jul 2000	1,408	248	28.53	4.09	$41,185
Jun 2000	1,430	240	29.30	4.40	$42,954
May 2000	1,254	248	27.26	3.68	$35,097
Apr 2000	1,264	249	24.51	3.12	$31,757
Mar 2000	1,628	148	28.42	2.86	$46,691
Feb 2000	1,456	139	27.62	2.73	$40,594
Jan 2000	1,452	149	25.27	2.48	$37,062
Dec 1999	1,630	248	24.28	2.42	$40,177
Nov 1999	1,267	240	23.19	2.43	$29,966
Oct 1999	1,262	248	20.98	2.80	$27,172
Sep 1999	1,244	224	21.75	2.62	$27,644
Aug 1999	1,438	248	19.26	2.88	$28,409
Jul 1999	1,806	248	17.89	2.37	$32,898
Jun 1999	1,093	232	15.94	2.36	$17,970
May 1999	901	208	15.79	2.32	$14,710
Apr 1999	1,422	240	15.10	2.21	$22,002
Mar 1999	672	168	12.47	1.84	$8,689
Feb 1999	864	184	9.98	1.82	$8,957
Jan 1999	839	261	10.38	1.90	$9,205
Dec 1998	1,101	403	9.20	1.77	$10,844
Nov 1998	946	712	10.89	2.19	$11,858
Oct 1998	934	384	12.42	1.97	$12,356
Sep 1998	445	3,333	12.59	2.08	$12,544
Aug 1998	1,065	3,534	11.30	1.91	$18,775
Jul 1998	715	186	11.74	2.24	$8,810
Jun 1998	1,080	240	11.24	2.24	$12,676
May 1998	903	248	12.62	2.21	$11,943
Apr 1998	899	180	13.04	2.51	$12,174
Mar 1998	869	197	12.80	2.31	$11,578
Feb 1998	538	520	13.95	2.30	$8,701
Jan 1998	899	620	14.70	2.15	$14,551
Dec 1997	727	465	16.32	2.41	$12,986
Nov 1997	736	600	18.19	3.09	$15,241
Oct 1997	903	600	19.25	3.15	$19,273
Sep 1997	712	580	17.74	2.95	$14,345
Aug 1997	537	620	17.86	2.55	$11,175
Jul 1997	652	465	17.58	2.25	$12,507
Jun 1997	358	405	17.24	2.26	$7,086
May 1997	166	0	18.97	2.31	$3,149
Apr 1997	169	0	17.88	2.08	$3,022
Mar 1997	169	0	18.95	1.94	$3,203
Feb 1997	169	48	20.49	2.21	$3,569
Jan 1997	204	152	23.48	3.54	$5,328
Dec 1996	359	0	23.32	—	$8,372
Nov 1996	386	0	21.97	—	$8,480
Oct 1996	433	0	23.31	—	$10,093
Sep 1996	352	180	22.22	—	$7,821
Aug 1996	365	279	20.26	—	$7,395
Jul 1996	420	398	19.55	—	$8,211
Jun 1996	351	120	18.73	—	$6,574
May 1996	351	612	19.43	—	$6,820
Apr 1996	327	897	21.51	—	$7,034
Mar 1996	286	398	19.38	—	$5,543
Feb 1996	304	525	16.98	—	$5,162
Jan 1996	426	196	17.07	—	$7,272
Dec 1995	374	196	17.19	—	$6,429
Nov 1995	547	208	16.00	—	$8,752
Oct 1995	520	330	15.43	—	$8,024
Sep 1995	981	328	16.18	—	$15,873
Aug 1995	1,160	320	15.92	—	$18,467
Jul 1995	1,231	413	15.24	—	$18,760
Jun 1995	1,170	280	16.41	—	$19,200
May 1995	1,098	284	17.56	—	$19,281
Apr 1995	1,094	273	17.73	—	$19,397
Mar 1995	1,167	275	16.44	—	$19,185
Feb 1995	1,173	392	16.58	—	$19,448
Jan 1995	1,244	467	15.92	—	$19,804
Dec 1994	1,162	493	15.03	—	$17,465
Nov 1994	1,098	332	15.90	—	$17,458
Oct 1994	800	254	15.58	—	$12,464
Sep 1994	1,323	424	15.29	—	$20,229
Aug 1994	1,573	494	16.13	—	$25,372
Jul 1994	1,252	569	17.56	—	$21,985
Jun 1994	999	551	17.09	—	$17,073
May 1994	1,306	501	15.88	—	$20,739
Apr 1994	1,173	485	14.14	—	$16,586
Mar 1994	1,376	482	12.46	—	$17,145
Feb 1994	1,002	491	12.50	—	$12,525
Jan 1994	1,238	411	12.66	—	$15,673
Dec 1993	1,394	406	12.33	—	$17,188
Nov 1993	1,347	417	14.49	—	$19,518
Oct 1993	1,240	1,113	15.85	—	$19,654
Sep 1993	1,460	395	15.03	—	$21,944
Aug 1993	1,454	440	15.66	—	$22,770
Jul 1993	1,419	362	15.46	—	$21,938
Jun 1993	1,387	492	16.79	—	$23,288
May 1993	1,351	401	17.68	—	$23,886
Apr 1993	1,471	361	18.05	—	$26,552
Mar 1993	1,509	441	18.14	—	$27,373
Feb 1993	1,364	582	17.90	—	$24,416
Jan 1993	1,083	491	16.93	—	$18,335

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.

Dec 2002 — as filed, then multipliedworked

Oil                  999 bbl  × $ 26.91 =    $26,883
Casinghead gas       496 Mcf  × $  4.85 =     $2,407

────────────────────────────────────────────────────
Month total                                  $29,291

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/4134 is the state's own key, not one this site invented.