CRAIN & GRIFFITH -B-

Operated by FAULCONER, VERNON E., INC. (P-5 263701) in the LACY (A 7100) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 11261District 04Field 51180132CondensateGasSave
Value, all time
$885 k
Jan 1993 – Dec 2004
Value, last 12 filed months
$0
at the published price for each month
Months reported
144
no gaps in the span
Streams
2
condensate, gas

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
CondensateDisposition6,315 bbl$113,937
GasProduction449,497 Mcf$771,225
Total$885,162

200,959 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 (1)

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 26.2531, -97.8551. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.25310, -97.85506 · 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%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
7,592 ft
1 wells filed one
Completion to plug
52.1 years
median over 1 wells

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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

The one well that filed a depth was drilled to 7,592 ft.

Completions filed
Nov 1952
1 of 1 wells
Plug dates filed
Dec 2004
1 of 1 wells

Last completion to plug: a median of 52.1 years across the 1 well that filed both dates, with the middle half between 52.1 years and 52.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-0610000577,592 ftNov 1952Dec 2004Yes

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 (144)

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

144 months

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 20032028.804.60$58
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20036029.765.13$179
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 200352026.595.97$1,383
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 2002020227.443.64$734
Aug 200203,07025.963.16$9,714
Jul 2002742,32124.583.06$8,925
Jun 2002291,93023.733.34$7,131
May 200202,72124.663.58$9,752
Apr 2002222,81023.653.51$10,390
Mar 2002533,13422.003.10$10,890
Feb 2002323,27218.222.38$8,356
Jan 2002653,94717.172.38$10,493
Dec 2001534,20316.932.36$10,835
Nov 2001603,54218.072.41$9,605
Oct 2001433,76419.782.53$10,369
Sep 2001523,25424.262.25$8,587
Aug 2001292,94924.873.05$9,725
Jul 2001103,29423.933.20$10,770
Jun 2001503,42824.563.82$14,337
May 2001253,23925.524.31$14,589
Apr 2001353,58524.685.34$19,991
Mar 2001594,05524.545.38$23,249
Feb 2001333,99627.755.77$23,961
Jan 2001334,00527.478.40$34,544
Dec 2000693,71526.889.12$35,745
Nov 2000373,35332.215.66$20,163
Oct 2000373,72931.235.15$20,343
Sep 2000284,13731.875.19$22,349
Aug 2000283,63629.644.54$17,340
Jul 2000534,08128.534.09$18,202
Jun 2000583,86029.304.40$18,673
May 2000443,57127.263.68$14,340
Apr 200003,54324.513.12$11,040
Mar 2000763,61728.422.86$12,504
Feb 2000253,59427.622.73$10,490
Jan 2000483,50225.272.48$9,900
Dec 1999393,74324.282.42$10,019
Nov 1999262,46623.192.43$6,605
Oct 1999593,31720.982.80$10,538
Sep 1999303,06221.752.62$8,671
Aug 1999793,15719.262.88$10,600
Jul 1999543,53417.892.37$9,350
Jun 1999613,69615.942.36$9,703
May 19991004,27315.792.32$11,497
Apr 1999422,62815.102.21$6,437
Mar 19991013,10112.471.84$6,960
Feb 1999512,8089.981.82$5,613
Jan 19991083,58810.381.90$7,938
Dec 19981133,7609.201.77$7,707
Nov 1998583,72910.892.19$8,782
Oct 1998623,77212.421.97$8,198
Sep 19981133,95412.592.08$9,657
Aug 1998553,88911.301.91$8,039
Jul 1998544,05311.742.24$9,702
Jun 19981023,64711.242.24$9,306
May 1998554,31612.622.21$10,217
Apr 1998554,37313.042.51$11,673
Mar 19981154,90312.802.31$12,795
Feb 1998544,23813.952.30$10,497
Jan 19981104,28314.702.15$10,846
Dec 1997544,52216.322.41$11,784
Nov 1997534,36518.193.09$14,444
Oct 1997944,17219.253.15$14,951
Sep 1997413,62117.742.95$11,427
Aug 1997414,01817.862.55$10,997
Jul 1997773,66117.582.25$9,580
Jun 1997434,06817.242.26$9,924
May 1997414,00918.972.31$10,033
Apr 1997884,02417.882.08$9,955
Mar 1997894,37518.951.94$10,170
Feb 1997493,66020.492.21$9,078
Jan 1997524,69423.483.54$17,836
Dec 1996914,44323.32$2,122
Nov 1996443,91421.97$967
Oct 1996853,85323.31$1,981
Sep 1996444,10522.22$978
Aug 1996754,03520.26$1,520
Jul 1996383,65019.55$743
Jun 1996393,89618.73$730
May 1996363,09019.43$699
Apr 1996764,48521.51$1,635
Mar 1996603,29019.38$1,163
Feb 1996171,08916.98$289
Jan 1996243,13817.07$410
Dec 1995524,25017.19$894
Nov 1995222,76016.00$352
Oct 1995533,38015.43$818
Sep 1995314,25516.18$502
Aug 1995574,21615.92$907
Jul 1995614,81315.24$930
Jun 1995314,84816.41$509
May 1995553,71817.56$966
Apr 1995594,48317.73$1,046
Mar 1995473,18016.44$773
Feb 1995252,35116.58$415
Jan 1995624,37115.92$987
Dec 1994313,54415.03$466
Nov 1994654,22315.90$1,034
Oct 1994263,97515.58$405
Sep 1994993,94515.29$1,514
Aug 1994384,75416.13$613
Jul 1994805,10217.56$1,405
Jun 1994394,78317.09$667
May 1994694,19815.88$1,096
Apr 1994945,39614.14$1,329
Mar 1994724,85012.46$897
Feb 1994353,76612.50$438
Jan 1994674,22912.66$848
Dec 1993703,67912.33$863
Nov 1993415,31514.49$594
Oct 19931005,36315.85$1,585
Sep 1993364,97615.03$541
Aug 1993304,56915.66$470
Jul 1993665,72815.46$1,020
Jun 1993594,25716.79$991
May 1993314,94717.68$548
Apr 1993615,02118.05$1,101
Mar 1993624,45218.14$1,125
Feb 1993334,96217.90$591
Jan 1993895,31216.93$1,507

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.

Nov 2003 — as filed, then multipliedworked
Condensate             2 bbl  × $ 28.80 =        $58
Gas                    0 Mcf  × $  4.60 =         $0

────────────────────────────────────────────────────
Month total                                      $58

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. 04/G/11261 is the state's own key, not one this site invented.