SEC. 15-HUMBLE FEE

Operated by QUAIL CREEK OIL CORPORATION (P-5 684517) in the DRAKES BRANCH (COCKFIELD 1ST) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 8450District 03Field 26058125OilCasinghead gasSaveExport
Value, all time
$2.2 M
Jan 1993 – May 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
185
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 1 leases and 3 wells, and the rule below applies to all of them.

Discovered
1966-12-14
as the register files it
Field class
Oil
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.

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
OilDisposition64,709 bbl$1,689,109
Casinghead gasProduction107,911 Mcf$475,728
Total$2,164,838

35,843 Mcf of this lease's gas, across 38 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 (3)

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 30.6396, -94.2448. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

30.63949, -94.24457 · centre of the 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%
3 of 3 wells
With a plug date
33.3%
1 of 3 wells
Median depth
6,234 ft
3 wells filed one
Completion to plug
15.8 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
3100.0%
A plug date is filed
133.3%
BothOn the schedule and plugged. Neither fact cancels the other.
133.3%
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 6,100 and 6,511 ft, median 6,234 ft, over the 3 wells that filed a depth.

Completions filed
Sep 1967 – Mar 2008
2 of 3 wells; 1 filed none
Plug dates filed
Jul 1983
1 of 3 wells; 2 filed none

Last completion to plug: a median of 15.8 years across the 1 well that filed both dates, with the middle half between 15.8 years and 15.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-4570042936,234 ftYes
42-457004496 U6,100 ftMar 2008Yes
42-457004425 U6,511 ftSep 1967Jul 1983Yes

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 (185)

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

185 months

May 200800123.1711.57$0
Apr 200800110.3110.45$0
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 20055883,66561.4512.08$80,402
Aug 20055472,76861.519.80$60,764
Jul 20055492,73955.697.84$52,058
Jun 20056502,80852.337.38$54,740
May 20055473,32745.226.65$46,864
Apr 20055402,53449.207.36$45,219
Mar 20056602,73950.377.15$52,841
Feb 20054112,58745.226.31$34,914
Jan 20057033,16643.166.32$50,358
Dec 20045513,10239.866.75$42,905
Nov 20047743,68445.286.33$58,368
Oct 20047993,71549.706.52$63,914
Sep 20046513,42543.245.28$46,247
Aug 20047313,59642.375.55$50,933
Jul 20041,0253,94038.286.08$63,209
Jun 20044973,48936.106.43$40,387
May 20045892,88637.486.49$40,819
Apr 20047983,61134.475.86$48,662
Mar 20046543,52834.365.53$41,982
Feb 20046482,90132.455.51$37,011
Jan 20048164,18432.036.30$52,494
Dec 2003712030.266.30$21,545
Nov 2003644028.804.60$18,547
Oct 2003567028.174.76$15,972
Sep 2003366026.314.75$9,629
Aug 2003726029.765.13$21,606
Jul 2003627029.415.17$18,440
Jun 2003684028.565.98$19,535
May 2003703026.595.97$18,693
Apr 2003613026.675.41$16,349
Mar 2003695031.146.10$21,642
Feb 2003529033.487.93$17,711
Jan 2003763030.315.58$23,127
Dec 2002522026.914.85$14,047
Nov 2002576024.664.14$14,204
Oct 2002829026.464.23$21,935
Sep 2002659027.443.64$18,083
Aug 2002723025.963.16$18,769
Jul 2002691024.583.06$16,985
Jun 2002664023.733.34$15,757
May 2002753024.663.58$18,569
Apr 20026896423.653.51$16,520
Mar 200271360722.003.10$17,569
Feb 200250634318.222.38$10,034
Jan 200263838317.172.38$11,864
Dec 200174947216.932.36$13,797
Nov 2001784018.072.41$14,167
Oct 200167265519.782.53$14,949
Sep 200176842224.262.25$19,582
Aug 200150643524.873.05$13,912
Jul 2001610023.933.20$14,597
Jun 2001669024.563.82$16,431
May 2001556025.524.31$14,189
Apr 2001506024.685.34$12,488
Mar 20014659224.545.38$11,906
Feb 200185313227.755.77$24,432
Jan 20014026927.478.40$11,622
Dec 2000194026.889.12$5,215
Nov 2000305032.215.66$9,824
Oct 2000199031.235.15$6,215
Sep 2000251031.875.19$7,999
Aug 2000496029.644.54$14,701
Jul 2000328028.534.09$9,358
Jun 2000388029.304.40$11,368
May 2000350027.263.68$9,541
Apr 2000222024.513.12$5,441
Mar 2000279028.422.86$7,929
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 1999104015.942.36$1,658
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 19970019.253.15$0
Sep 1997188017.742.95$3,335
Aug 19970017.862.55$0
Jul 1997378017.582.25$6,645
Jun 1997179017.242.26$3,086
May 19970018.972.31$0
Apr 1997368017.882.08$6,580
Mar 1997781018.951.94$14,800
Feb 1997373020.492.21$7,643
Jan 1997565023.483.54$13,266
Dec 1996374023.32$8,722
Nov 1996191021.97$4,196
Oct 19960023.31$0
Sep 19960022.22$0
Aug 19960020.26$0
Jul 19960019.55$0
Jun 19960018.73$0
May 1996582019.43$11,308
Apr 1996388021.51$8,346
Mar 1996496019.38$9,612
Feb 199648948316.98$8,303
Jan 199658448317.07$9,969
Dec 199538646617.19$6,635
Nov 199558046716.00$9,280
Oct 199538266215.43$5,894
Sep 199538833116.18$6,278
Aug 199557234415.92$9,106
Jul 199557945015.24$8,824
Jun 199562251316.41$10,207
May 199548957817.56$8,587
Apr 199547344317.73$8,386
Mar 199547632316.44$7,825
Feb 199518425116.58$3,051
Jan 199562452315.92$9,934
Dec 199447547315.03$7,139
Nov 199447574015.90$7,553
Oct 199464478615.58$10,034
Sep 199447187315.29$7,202
Aug 199470551916.13$11,372
Jul 19942351,00117.56$4,127
Jun 19946411,10717.09$10,955
May 199468191315.88$10,814
Apr 19944711,87914.14$6,660
Mar 199475065112.46$9,345
Feb 199444656012.50$5,575
Jan 199465861812.66$8,330
Dec 199361470612.33$7,571
Nov 199347567414.49$6,883
Oct 19934431,08415.85$7,022
Sep 199366566515.03$9,995
Aug 19936051,44915.66$9,474
Jul 19938662,48515.46$13,388
Jun 199346599516.79$7,807
May 19934422,18517.68$7,815
Apr 19934362,22518.05$7,870
Mar 19936292,58918.14$11,410
Feb 19934523,08217.90$8,091
Jan 19932981,26716.93$5,045

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.

Sep 2005 — as filed, then multipliedworked
Oil                  588 bbl  × $ 61.45 =    $36,133
Casinghead gas     3,665 Mcf  × $ 12.08 =    $44,270

────────────────────────────────────────────────────
Month total                                  $80,402

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/8450 is the state's own key, not one this site invented.