LOCKWOOD & SHARP -B-

Name: LOCKWOOD & SHARP -B- lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by JETTA OPERATING COMPANY, INC. (P-5 432283) in the THOMPSON, SW. (MIOCENE 12-B) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 4963District 03Field 89532600OilCasinghead gasSave Export

Value, all time

$1.7 M

Jan 1993 – Mar 2004

Value, last 12 filed months

$359 k

at the published price for each month

Months reported

135

no gaps in the span

Streams

oil, casinghead gas

The THOMPSON, SW. (MIOCENE 12-B) 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 2 leases and 14 wells, and the rule below applies to all of them.

Discovered

1956-11-16

as the register files it

Field class

Oil

the register's own label

Between wells

933 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 40 acres.

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	85,940 bbl	$1,434,349
Casinghead gas	Production	73,274 Mcf	$273,828
Total			$1,708,177

21,182 Mcf of this lease's gas, across 44 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 (13)

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 29.4523, -95.5895. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

29.45191, -95.58887 · 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%

13 of 13 wells

With a plug date

46.2%

6 of 13 wells

Median depth

4,667 ft

12 wells filed one

Completion to plug

4.8 years

median over 6 wells

What the state filed about each well

On the RRC proration schedule

13100.0%

A plug date is filed

646.2%

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

646.2%

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, 12 of 13 wells. Median 4,667 ft, with the middle half between 4,191 and 5,387 ft; the shallowest is 3,850 ft and the deepest 5,450 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 13 wells, Aug 1986 – Nov 2011. 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 1986 – Nov 2011

9 of 13 wells; 4 filed none

Plug dates filed

Mar 1988 – Oct 1997

6 of 13 wells; 7 filed none

Last completion to plug: a median of 4.8 years across the 6 wells that filed both dates, with the middle half between 2.3 years and 6.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

13 wells


42-15702495	27	5,326 ft	—	—	Yes
42-15702504	37	4,734 ft	—	—	Yes
42-15702505	38 T	—	—	—	Yes
42-15702510	43 F	4,011 ft	—	—	Yes
42-15702506	39	4,600 ft	Nov 2011	—	Yes
42-15731632	72	4,220 ft	Sep 1997	—	Yes
42-15731521	71	4,105 ft	Apr 1997	—	Yes
42-15731631	77	4,236 ft	Mar 1996	Oct 1997	Yes
42-15730901	62	5,450 ft	Sep 1990	Dec 1996	Yes
42-15730888	61	5,450 ft	Dec 1989	Jan 1994	Yes
42-15702490	22	5,430 ft	Jan 1988	Mar 1988	Yes
42-15702485	17	5,373 ft	Mar 1987	Sep 1992	Yes
42-15731438	66	3,850 ft	Aug 1986	Dec 1996	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 (135)

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

135 months


Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	533	236	28.17	4.76	$16,138
Sep 2003	684	1,049	26.31	4.75	$22,978
Aug 2003	577	897	29.76	5.13	$21,773
Jul 2003	208	35	29.41	5.17	$6,298
Jun 2003	712	24,762	28.56	5.98	$168,485
May 2003	1,147	15,614	26.59	5.97	$123,756
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	0	0	26.91	4.85	$0
Nov 2002	4	0	24.66	4.14	$99
Oct 2002	13	0	26.46	4.23	$344
Sep 2002	73	0	27.44	3.64	$2,003
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	0	24.66	3.58	$0
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	0	0	31.23	5.15	$0
Sep 2000	0	0	31.87	5.19	$0
Aug 2000	0	0	29.64	4.54	$0
Jul 2000	0	0	28.53	4.09	$0
Jun 2000	0	0	29.30	4.40	$0
May 2000	0	0	27.26	3.68	$0
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	0	0	28.42	2.86	$0
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	0	0	23.19	2.43	$0
Oct 1999	0	0	20.98	2.80	$0
Sep 1999	0	0	21.75	2.62	$0
Aug 1999	0	0	19.26	2.88	$0
Jul 1999	0	0	17.89	2.37	$0
Jun 1999	4	0	15.94	2.36	$64
May 1999	62	1	15.79	2.32	$981
Apr 1999	445	205	15.10	2.21	$7,172
Mar 1999	526	0	12.47	1.84	$6,559
Feb 1999	837	239	9.98	1.82	$8,788
Jan 1999	687	0	10.38	1.90	$7,131
Dec 1998	640	0	9.20	1.77	$5,888
Nov 1998	686	253	10.89	2.19	$8,024
Oct 1998	526	1,016	12.42	1.97	$8,534
Sep 1998	610	1,677	12.59	2.08	$11,172
Aug 1998	654	0	11.30	1.91	$7,390
Jul 1998	637	37	11.74	2.24	$7,561
Jun 1998	918	86	11.24	2.24	$10,511
May 1998	600	0	12.62	2.21	$7,572
Apr 1998	562	311	13.04	2.51	$8,108
Mar 1998	433	1,682	12.80	2.31	$9,427
Feb 1998	1,234	3,387	13.95	2.30	$25,001
Jan 1998	1,429	0	14.70	2.15	$21,006
Dec 1997	971	0	16.32	2.41	$15,847
Nov 1997	975	561	18.19	3.09	$19,468
Oct 1997	1,357	44	19.25	3.15	$26,261
Sep 1997	947	0	17.74	2.95	$16,800
Aug 1997	826	0	17.86	2.55	$14,752
Jul 1997	1,016	0	17.58	2.25	$17,861
Jun 1997	1,173	0	17.24	2.26	$20,223
May 1997	1,362	0	18.97	2.31	$25,837
Apr 1997	1,477	0	17.88	2.08	$26,409
Mar 1997	595	0	18.95	1.94	$11,275
Feb 1997	733	0	20.49	2.21	$15,019
Jan 1997	524	0	23.48	3.54	$12,304
Dec 1996	386	0	23.32	—	$9,002
Nov 1996	557	0	21.97	—	$12,237
Oct 1996	748	1,336	23.31	—	$17,436
Sep 1996	533	150	22.22	—	$11,843
Aug 1996	595	249	20.26	—	$12,055
Jul 1996	482	218	19.55	—	$9,423
Jun 1996	574	112	18.73	—	$10,751
May 1996	1,356	150	19.43	—	$26,347
Apr 1996	1,429	942	21.51	—	$30,738
Mar 1996	1,410	2,508	19.38	—	$27,326
Feb 1996	1,169	1,797	16.98	—	$19,850
Jan 1996	952	65	17.07	—	$16,251
Dec 1995	1,322	127	17.19	—	$22,725
Nov 1995	1,084	125	16.00	—	$17,344
Oct 1995	1,371	531	15.43	—	$21,155
Sep 1995	1,191	639	16.18	—	$19,270
Aug 1995	300	100	15.92	—	$4,776
Jul 1995	1,493	243	15.24	—	$22,753
Jun 1995	1,071	219	16.41	—	$17,575
May 1995	964	633	17.56	—	$16,928
Apr 1995	930	375	17.73	—	$16,489
Mar 1995	917	627	16.44	—	$15,075
Feb 1995	1,162	768	16.58	—	$19,266
Jan 1995	1,297	416	15.92	—	$20,648
Dec 1994	1,699	439	15.03	—	$25,536
Nov 1994	1,361	222	15.90	—	$21,640
Oct 1994	1,489	272	15.58	—	$23,199
Sep 1994	1,784	377	15.29	—	$27,277
Aug 1994	1,571	139	16.13	—	$25,340
Jul 1994	1,411	51	17.56	—	$24,777
Jun 1994	1,164	564	17.09	—	$19,893
May 1994	1,339	249	15.88	—	$21,263
Apr 1994	1,125	341	14.14	—	$15,908
Mar 1994	2,136	564	12.46	—	$26,615
Feb 1994	2,121	550	12.50	—	$26,513
Jan 1994	2,074	284	12.66	—	$26,257
Dec 1993	1,875	272	12.33	—	$23,119
Nov 1993	2,209	139	14.49	—	$32,008
Oct 1993	926	226	15.85	—	$14,677
Sep 1993	129	58	15.03	—	$1,939
Aug 1993	80	0	15.66	—	$1,253
Jul 1993	536	148	15.46	—	$8,287
Jun 1993	46	0	16.79	—	$772
May 1993	493	202	17.68	—	$8,716
Apr 1993	1,434	1,055	18.05	—	$25,884
Mar 1993	2,519	604	18.14	—	$45,695
Feb 1993	2,617	400	17.90	—	$46,844
Jan 1993	3,112	1,696	16.93	—	$52,686

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.

Oct 2003 — as filed, then multipliedworked

Oil                  533 bbl  × $ 28.17 =    $15,015
Casinghead gas       236 Mcf  × $  4.76 =     $1,123

────────────────────────────────────────────────────
Month total                                  $16,138

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/4963 is the state's own key, not one this site invented.