SLICK, T.B. ESTATE

Operated by PLAINS EXPLORATION & PROD. CO. (P-5 667862) in the RINCON (VICKSBURG CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 122325District 04Field 76721550NGPA filingCondensateGasSaveExport
Value, all time
$271 k
Jan 1993 – Sep 2011
Value, last 12 filed months
$0
at the published price for each month
Months reported
225
no gaps in the span
Streams
2
condensate, 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 287 leases and 304 wells, and the rule below applies to all of them.

Discovered
2002-12-20
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 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 2009-02-26.

The Commission's schedule remark for this field reads: APPROVED.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
CondensateDisposition4,167 bbl$68,439
GasProduction447,410 Mcf$202,717
Total$271,157

360,197 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 26.4458, -98.6110. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.44581, -98.61102 · 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
8,200 ft
1 wells filed one
Completion to plug
24.9 years
median over 1 well

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 8,200 ft.

Completions filed
Oct 1986
1 of 1 wells
Plug dates filed
Sep 2011
1 of 1 wells

Last completion to plug: a median of 24.9 years across the 1 well that filed both dates, with the middle half between 24.9 years and 24.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4273085618,200 ftOct 1986Sep 2011Yes

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 (225)

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

225 months

Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
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 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
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 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
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 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 200242018.222.38$765
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
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 1999273017.892.37$4,884
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 1999082812.471.84$1,522
Feb 199901,5039.981.82$2,732
Jan 199903,56610.381.90$6,775
Dec 199802,3539.201.77$4,173
Nov 199803,89210.892.19$8,507
Oct 199803,07512.421.97$6,055
Sep 199803,10512.592.08$6,467
Aug 199803,05711.301.91$5,831
Jul 199803,02211.742.24$6,761
Jun 199803,43811.242.24$7,692
May 199803,91012.622.21$8,627
Apr 19981751,63113.042.51$6,368
Mar 199802,01012.802.31$4,642
Feb 199803,18113.952.30$7,314
Jan 199802,95114.702.15$6,359
Dec 199703,43116.322.41$8,272
Nov 199703,81118.193.09$11,769
Oct 199704,26519.253.15$13,434
Sep 199701,97217.742.95$5,827
Aug 199702,93317.862.55$7,493
Jul 199703,76417.582.25$8,457
Jun 199703,37717.242.26$7,623
May 199704,25218.972.31$9,816
Apr 199704,98017.882.08$10,372
Mar 19971684,77118.951.94$12,435
Feb 199704,45020.492.21$9,816
Jan 199703,68523.483.54$13,044
Dec 199604,33323.32$0
Nov 199602,43921.97$0
Oct 199603,61923.31$0
Sep 19961874,22722.22$4,155
Aug 199604,62120.26$0
Jul 199605,13919.55$0
Jun 199605,52018.73$0
May 199605,85519.43$0
Apr 199645,73921.51$86
Mar 199644,90719.38$78
Feb 19962073,76616.98$3,515
Jan 199614,65317.07$17
Dec 1995184,86417.19$309
Nov 199515,64916.00$16
Oct 19951806,33315.43$2,777
Sep 199516,18116.18$16
Aug 199517,03015.92$16
Jul 199516,67015.24$15
Jun 19951896,09316.41$3,101
May 199506,64417.56$0
Apr 199517,44617.73$18
Mar 199517,64516.44$16
Feb 19951847,21016.58$3,051
Jan 199528,54915.92$32
Dec 19941938,62415.03$2,901
Nov 199406,87515.90$0
Oct 19941979,02415.58$3,069
Sep 199409,03015.29$0
Aug 199409,07516.13$0
Jul 19941998,90917.56$3,494
Jun 199428,98017.09$34
May 199419,39415.88$16
Apr 19941949,95214.14$2,743
Mar 199409,95812.46$0
Feb 19941869,26312.50$2,325
Jan 1994011,10612.66$0
Dec 19931975,09812.33$2,429
Nov 1993010,33314.49$0
Oct 199319610,46115.85$3,107
Sep 199308,86215.03$0
Aug 19931968,89915.66$3,069
Jul 1993010,13715.46$0
Jun 19931948,86216.79$3,257
May 199318910,78317.68$3,342
Apr 199318710,32918.05$3,375
Mar 199319810,08818.14$3,592
Feb 199309,18317.90$0
Jan 199319811,84016.93$3,352

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.

Feb 2002 — as filed, then multipliedworked
Condensate            42 bbl  × $ 18.22 =       $765
Gas                    0 Mcf  × $  2.38 =         $0

────────────────────────────────────────────────────
Month total                                     $765

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/122325 is the state's own key, not one this site invented.