TEXAS STATE TRACT #74

Name: TEXAS STATE TRACT #74 lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by PANACO, INC. (P-5 637850) in the UMBRELLA POINT (F- 8) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 6788District 03Field 92388405OilCasinghead gasSave Export

Value, all time

$1.5 M

Jan 1993 – Nov 2003

Value, last 12 filed months

at the published price for each month

Months reported

131

no gaps in the span

Streams

oil, casinghead gas

The UMBRELLA POINT (F- 8) 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 7 leases and 9 wells, and the rule below applies to all of them.

Discovered

1959-10-16

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,320 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1964-11-17.

The Commission's schedule remark for this field reads: “MULT. 49-B RES., 320 ACRE UNITS W/10% TOL. 691 DAILY ON 80 AC UNIT”

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	89,186 bbl	$1,455,897
Casinghead gas	Production	86,733 Mcf	$93,060
Total			$1,548,957

45,175 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 (2)

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 29.6305, -94.8380. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

29.63052, -94.83801 · 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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

9,364 ft

2 wells filed one

Completion to plug

17.4 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

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

2100.0%

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 9,125 and 9,602 ft, median 9,364 ft, over the 2 wells that filed a depth.

Completions filed

Jun 1982 – Apr 1990

2 of 2 wells

Plug dates filed

Oct 2003

2 of 2 wells

Last completion to plug: a median of 17.4 years across the 2 wells that filed both dates, with the middle half between 15.5 years and 19.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-07103189	5	9,125 ft	Apr 1990	Oct 2003	Yes
42-07102750	1 L	9,602 ft	Jun 1982	Oct 2003	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 (131)

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

131 months


Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
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	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
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	0	0	15.94	2.36	$0
May 1999	0	0	15.79	2.32	$0
Apr 1999	0	0	15.10	2.21	$0
Mar 1999	1	0	12.47	1.84	$12
Feb 1999	301	2,035	9.98	1.82	$6,703
Jan 1999	550	2,257	10.38	1.90	$9,997
Dec 1998	485	2,677	9.20	1.77	$9,209
Nov 1998	749	1,261	10.89	2.19	$10,913
Oct 1998	723	996	12.42	1.97	$10,941
Sep 1998	537	1,136	12.59	2.08	$9,127
Aug 1998	552	1,197	11.30	1.91	$8,521
Jul 1998	563	7,717	11.74	2.24	$23,875
Jun 1998	613	2,277	11.24	2.24	$11,984
May 1998	660	2,741	12.62	2.21	$14,377
Apr 1998	708	1,847	13.04	2.51	$13,860
Mar 1998	586	1,240	12.80	2.31	$10,365
Feb 1998	62	661	13.95	2.30	$2,385
Jan 1998	325	383	14.70	2.15	$5,603
Dec 1997	559	322	16.32	2.41	$9,899
Nov 1997	706	1,349	18.19	3.09	$17,008
Oct 1997	705	1,005	19.25	3.15	$16,737
Sep 1997	787	1,071	17.74	2.95	$17,126
Aug 1997	879	828	17.86	2.55	$17,814
Jul 1997	1,010	750	17.58	2.25	$19,441
Jun 1997	959	282	17.24	2.26	$17,170
May 1997	896	369	18.97	2.31	$17,849
Apr 1997	223	1,684	17.88	2.08	$7,495
Mar 1997	878	3,003	18.95	1.94	$22,461
Feb 1997	769	1,439	20.49	2.21	$18,931
Jan 1997	770	1,031	23.48	3.54	$21,729
Dec 1996	742	2,347	23.32	—	$17,303
Nov 1996	730	1,410	21.97	—	$16,038
Oct 1996	906	934	23.31	—	$21,119
Sep 1996	891	987	22.22	—	$19,798
Aug 1996	932	662	20.26	—	$18,882
Jul 1996	924	1,871	19.55	—	$18,064
Jun 1996	774	739	18.73	—	$14,497
May 1996	589	866	19.43	—	$11,444
Apr 1996	990	2,138	21.51	—	$21,295
Mar 1996	1,091	2,446	19.38	—	$21,144
Feb 1996	1,145	3,937	16.98	—	$19,442
Jan 1996	870	904	17.07	—	$14,851
Dec 1995	1,326	465	17.19	—	$22,794
Nov 1995	1,201	166	16.00	—	$19,216
Oct 1995	1,349	110	15.43	—	$20,815
Sep 1995	1,560	98	16.18	—	$25,241
Aug 1995	1,609	176	15.92	—	$25,615
Jul 1995	1,648	164	15.24	—	$25,116
Jun 1995	1,559	144	16.41	—	$25,583
May 1995	1,504	867	17.56	—	$26,410
Apr 1995	1,620	518	17.73	—	$28,723
Mar 1995	1,415	297	16.44	—	$23,263
Feb 1995	1,381	241	16.58	—	$22,897
Jan 1995	1,814	831	15.92	—	$28,879
Dec 1994	2,046	1,223	15.03	—	$30,751
Nov 1994	1,568	1,364	15.90	—	$24,931
Oct 1994	1,925	1,396	15.58	—	$29,992
Sep 1994	1,671	1,208	15.29	—	$25,550
Aug 1994	1,904	1,290	16.13	—	$30,712
Jul 1994	1,816	864	17.56	—	$31,889
Jun 1994	1,590	723	17.09	—	$27,173
May 1994	1,661	1,347	15.88	—	$26,377
Apr 1994	1,812	1,260	14.14	—	$25,622
Mar 1994	1,838	1,000	12.46	—	$22,901
Feb 1994	1,720	1,042	12.50	—	$21,500
Jan 1994	1,840	782	12.66	—	$23,294
Dec 1993	1,948	653	12.33	—	$24,019
Nov 1993	1,679	552	14.49	—	$24,329
Oct 1993	1,471	470	15.85	—	$23,315
Sep 1993	1,562	292	15.03	—	$23,477
Aug 1993	2,007	511	15.66	—	$31,430
Jul 1993	2,056	501	15.46	—	$31,786
Jun 1993	1,760	331	16.79	—	$29,550
May 1993	2,139	239	17.68	—	$37,818
Apr 1993	2,020	642	18.05	—	$36,461
Mar 1993	1,818	1,325	18.14	—	$32,979
Feb 1993	1,943	1,067	17.90	—	$34,780
Jan 1993	2,266	1,775	16.93	—	$38,363

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.

Mar 1999 — as filed, then multipliedworked

Oil                    1 bbl  × $ 12.47 =        $12
Casinghead gas         0 Mcf  × $  1.84 =         $0

────────────────────────────────────────────────────
Month total                                      $12

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/6788 is the state's own key, not one this site invented.