TEXON ROYALTY CO.

Operated by APACHE CORPORATION (P-5 27200) in the STRATTON (CONSOLIDATED) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 124665District 04Field 86508170GasSaveExport
Value, all time
$281 k
Jan 1993 – Oct 2011
Value, last 12 filed months
$0
at the published price for each month
Months reported
226
no gaps in the span
Streams
1
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 856 leases and 917 wells, and the rule below applies to all of them.

Discovered
1990-07-01
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2000-01-11.

The Commission's schedule remark for this field reads: WITH A DIAG. OF 1500 FEET.

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
GasProduction179,466 Mcf$280,608
Total$280,608

97,773 Mcf of this lease's gas, across 47 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 27.6717, -97.9236. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.67174, -97.92365 · 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
7,405 ft
1 wells filed one
Completion to plug
24.5 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 7,405 ft.

Completions filed
May 1987
1 of 1 wells
Plug dates filed
Nov 2011
1 of 1 wells

Last completion to plug: a median of 24.5 years across the 1 well that filed both dates, with the middle half between 24.5 years and 24.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-35505347F 107,405 ftMay 1987Nov 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 (226)

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

226 months

Oct 2011084.983.65$0
Sep 2011083.623.99$0
Aug 2011083.404.15$0
Jul 2011094.144.52$0
Jun 2011092.904.64$0
May 2011098.134.40$0
Apr 20110105.964.33$0
Mar 2011096.364.06$0
Feb 2011085.644.18$0
Jan 2011086.504.59$0
Dec 2010085.734.35$0
Nov 2010080.843.80$0
Oct 2010078.103.51$0
Sep 2010072.633.98$0
Aug 2010073.684.42$0
Jul 2010072.554.74$0
Jun 2010070.364.91$0
May 2010071.124.24$0
Apr 2010081.694.12$0
Mar 2010078.394.39$0
Feb 2010073.585.44$0
Jan 2010074.365.96$0
Dec 2009071.445.48$0
Nov 2009074.593.75$0
Oct 2009072.544.11$0
Sep 2009065.543.06$0
Aug 2009067.423.22$0
Jul 2009061.133.46$0
Jun 2009066.163.90$0
May 2009054.743.93$0
Apr 2009046.773.59$0
Mar 2009042.144.06$0
Feb 2009032.814.63$0
Jan 2009035.865.37$0
Dec 2008037.105.98$0
Nov 2008055.496.86$0
Oct 2008075.246.92$0
Sep 20080101.767.88$0
Aug 20080114.228.48$0
Jul 20080131.0811.39$0
Jun 20080131.3313.03$0
May 20080123.1711.57$0
Apr 20080110.3110.45$0
Mar 20080101.909.66$0
Feb 2008092.538.77$0
Jan 2008090.388.21$0
Dec 2007088.337.30$0
Nov 2007091.677.29$0
Oct 2007082.856.92$0
Sep 2007075.846.24$0
Aug 2007069.066.39$0
Jul 2007070.906.39$0
Jun 2007062.007.55$0
May 2007058.747.85$0
Apr 2007059.617.81$0
Mar 2007056.927.30$0
Feb 2007055.108.22$0
Jan 2007050.306.73$0
Dec 2006056.656.92$0
Nov 2006054.207.62$0
Oct 2006054.906.01$0
Sep 2006060.085.04$0
Aug 2006068.717.34$0
Jul 2006069.376.34$0
Jun 2006066.286.38$0
May 2006066.016.42$0
Apr 2006064.397.36$0
Mar 2006056.707.08$0
Feb 2006057.597.75$0
Jan 2006060.598.93$0
Dec 2005054.9413.42$0
Nov 20059754.6910.59$1,027
Oct 200511458.3413.80$1,573
Sep 200512561.4512.08$1,510
Aug 200514861.519.80$1,450
Jul 200516155.697.84$1,263
Jun 200514152.337.38$1,041
May 200514745.226.65$978
Apr 200514849.207.36$1,089
Mar 200515650.377.15$1,116
Feb 200514245.226.31$896
Jan 200516543.166.32$1,043
Dec 200418939.866.75$1,276
Nov 200419645.286.33$1,241
Oct 200419749.706.52$1,283
Sep 200419943.245.28$1,052
Aug 200420842.375.55$1,155
Jul 200422838.286.08$1,387
Jun 200419336.106.43$1,242
May 200423337.486.49$1,513
Apr 200417034.475.86$996
Mar 200416934.365.53$935
Feb 200414132.455.51$777
Jan 200416232.036.30$1,021
Dec 200321030.266.30$1,323
Nov 200323428.804.60$1,075
Oct 200326628.174.76$1,266
Sep 200328126.314.75$1,335
Aug 200333529.765.13$1,718
Jul 200340529.415.17$2,094
Jun 200353228.565.98$3,183
May 200375226.595.97$4,491
Apr 200381926.675.41$4,429
Mar 200392931.146.10$5,663
Feb 200381533.487.93$6,460
Jan 200329130.315.58$1,624
Dec 200228126.914.85$1,364
Nov 200242924.664.14$1,775
Oct 200250426.464.23$2,131
Sep 200249027.443.64$1,781
Aug 200256125.963.16$1,775
Jul 200259624.583.06$1,825
Jun 200270623.733.34$2,357
May 200288724.663.58$3,179
Apr 20021,27523.653.51$4,478
Mar 200281422.003.10$2,526
Feb 200297618.222.38$2,319
Jan 20021,10917.172.38$2,635
Dec 20011,26616.932.36$2,993
Nov 20011,41818.072.41$3,411
Oct 20011,57919.782.53$3,993
Sep 20011,33124.262.25$2,997
Aug 20011,43024.873.05$4,366
Jul 20011,26723.933.20$4,051
Jun 20011,61524.563.82$6,176
May 20011,26825.524.31$5,462
Apr 20011,55524.685.34$8,296
Mar 200137924.545.38$2,038
Feb 200144727.755.77$2,578
Jan 200187227.478.40$7,324
Dec 200092326.889.12$8,420
Nov 20001,27532.215.66$7,214
Oct 200071531.235.15$3,679
Sep 200099231.875.19$5,145
Aug 200034929.644.54$1,585
Jul 200075528.534.09$3,088
Jun 200074829.304.40$3,289
May 200085527.263.68$3,146
Apr 200042124.513.12$1,312
Mar 200065028.422.86$1,859
Feb 200091327.622.73$2,489
Jan 200094525.272.48$2,344
Dec 199957424.282.42$1,391
Nov 199966923.192.43$1,628
Oct 199991920.982.80$2,577
Sep 19991,11121.752.62$2,910
Aug 19991,43219.262.88$4,118
Jul 199962317.892.37$1,478
Jun 199983515.942.36$1,972
May 19991,24415.792.32$2,887
Apr 19991,59115.102.21$3,513
Mar 19991,64712.471.84$3,028
Feb 1999679.981.82$122
Jan 199956010.381.90$1,064
Dec 19989029.201.77$1,600
Nov 1998010.892.19$0
Oct 199848512.421.97$955
Sep 19981,27912.592.08$2,664
Aug 199891011.301.91$1,736
Jul 199887811.742.24$1,964
Jun 19981,04711.242.24$2,342
May 19981,16912.622.21$2,579
Apr 19981,36913.042.51$3,430
Mar 19981,53412.802.31$3,543
Feb 19981,05913.952.30$2,435
Jan 19981,18414.702.15$2,551
Dec 199795916.322.41$2,312
Nov 199776818.193.09$2,372
Oct 19971,12019.253.15$3,528
Sep 19971,08817.742.95$3,215
Aug 19971,31017.862.55$3,347
Jul 19971,53117.582.25$3,440
Jun 19971,52817.242.26$3,449
May 19971,60518.972.31$3,705
Apr 19971,52317.882.08$3,172
Mar 19971,56318.951.94$3,031
Feb 19971,58120.492.21$3,488
Jan 19971,73523.483.54$6,141
Dec 19961,87423.32$0
Nov 19961,76821.97$0
Oct 19961,26923.31$0
Sep 19961,40722.22$0
Aug 199674120.26$0
Jul 19961,23719.55$0
Jun 19961,42418.73$0
May 19961,70919.43$0
Apr 19961,66121.51$0
Mar 19961,64019.38$0
Feb 19961,29616.98$0
Jan 19961,86417.07$0
Dec 19951,74717.19$0
Nov 19951,61316.00$0
Oct 19952,11915.43$0
Sep 199585216.18$0
Aug 19951,09615.92$0
Jul 199581615.24$0
Jun 199550416.41$0
May 19951,01817.56$0
Apr 19951,53517.73$0
Mar 19952,31616.44$0
Feb 19951,96916.58$0
Jan 199546915.92$0
Dec 1994015.03$0
Nov 19942,11815.90$0
Oct 19941,45715.58$0
Sep 19942,24115.29$0
Aug 19942,29816.13$0
Jul 19942,36017.56$0
Jun 19942,37917.09$0
May 19942,54115.88$0
Apr 19942,58214.14$0
Mar 19942,48612.46$0
Feb 19942,60512.50$0
Jan 19942,76112.66$0
Dec 19932,84112.33$0
Nov 19932,66514.49$0
Oct 19932,96815.85$0
Sep 19932,93115.03$0
Aug 19933,02415.66$0
Jul 19933,10115.46$0
Jun 19933,15016.79$0
May 19933,30717.68$0
Apr 19933,14418.05$0
Mar 19933,85918.14$0
Feb 19933,19417.90$0
Jan 19933,81716.93$0

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 2005 — as filed, then multipliedworked
Gas                   97 Mcf  × $ 10.59 =     $1,027

────────────────────────────────────────────────────
Month total                                   $1,027

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/124665 is the state's own key, not one this site invented.