FROST NATIONAL BANK

Operated by CONOCOPHILLIPS COMPANY (P-5 172232) in the VILLEGAS (MIDDLE WILCOX 7950) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 125282District 04Field 93845600NGPA filingCondensateGasSaveExport
Value, all time
$1.2 M
Jan 1993 – Feb 2004
Value, last 12 filed months
$0
at the published price for each month
Months reported
134
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 50 leases and 50 wells, and the rule below applies to all of them.

Discovered
1983-03-01
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1984-06-04.

The Commission's schedule remark for this field reads: ALLOC. FORM. SUSP. ADMIN. EFF 8-1-93.

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
CondensateDisposition14,272 bbl$239,918
GasProduction1,100,788 Mcf$941,788
Total$1,181,707

754,563 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 27.4895, -99.0987. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.48950, -99.09867 · 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
8,600 ft
1 wells filed one
Completion to plug
16.4 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 8,600 ft.

Completions filed
Sep 1987
1 of 1 wells
Plug dates filed
Feb 2004
1 of 1 wells

Last completion to plug: a median of 16.4 years across the 1 well that filed both dates, with the middle half between 16.4 years and 16.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-47934562288,600 ftSep 1987Feb 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 (134)

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

134 months

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 20020327.443.64$11
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020224.663.58$7
Apr 20020123.653.51$4
Mar 2002015122.003.10$469
Feb 20021510918.222.38$532
Jan 2002759017.172.38$1,522
Dec 200102,19316.932.36$5,185
Nov 200101,34718.072.41$3,240
Oct 20011102,43619.782.53$8,336
Sep 200102,45224.262.25$5,520
Aug 200102,04624.873.05$6,247
Jul 200101,77823.933.20$5,684
Jun 200102,43324.563.82$9,304
May 200101,40925.524.31$6,069
Apr 200101,56124.685.34$8,328
Mar 200102,53924.545.38$13,651
Feb 200102,18327.755.77$12,590
Jan 20011332,84827.478.40$27,573
Dec 2000194326.889.12$8,629
Nov 200002,01432.215.66$11,395
Oct 200003,55631.235.15$18,297
Sep 200003,16031.875.19$16,389
Aug 200001,53929.644.54$6,988
Jul 200004,36628.534.09$17,856
Jun 20001175,13029.304.40$25,986
May 200006,48827.263.68$23,874
Apr 20001675,12424.513.12$20,060
Mar 200005,81228.422.86$16,621
Feb 200006,17927.622.73$16,847
Jan 200004,86225.272.48$12,060
Dec 19991415,33724.282.42$16,359
Nov 199905,96523.192.43$14,519
Oct 199906,70220.982.80$18,790
Sep 199907,57721.752.62$19,843
Aug 19991617,87319.262.88$25,740
Jul 199906,95817.892.37$16,507
Jun 19991646,71815.942.36$18,483
May 199907,92215.792.32$18,387
Apr 19991555,00015.102.21$13,381
Mar 199905,63812.471.84$10,365
Feb 199904,0919.981.82$7,437
Jan 19991685,13810.381.90$11,506
Dec 199806,0939.201.77$10,805
Nov 199806,05110.892.19$13,226
Oct 19981736,98512.421.97$15,904
Sep 199806,76512.592.08$14,089
Aug 199806,46011.301.91$12,321
Jul 199807,32511.742.24$16,388
Jun 19981776,16111.242.24$15,773
May 199807,89812.622.21$17,426
Apr 19981759,00513.042.51$24,843
Mar 199808,72912.802.31$20,159
Feb 19981386,28113.952.30$16,366
Jan 19981788,59214.702.15$21,131
Dec 199706,66016.322.41$16,058
Nov 19971757,52418.193.09$26,419
Oct 199708,35819.253.15$26,326
Sep 19971738,25217.742.95$27,453
Aug 199709,33317.862.55$23,843
Jul 19971539,51017.582.25$24,058
Jun 199709,19017.242.26$20,744
May 199713910,63818.972.31$27,195
Apr 19971288,14117.882.08$19,245
Mar 1997010,66818.951.94$20,687
Feb 19971369,97420.492.21$24,788
Jan 199715711,45923.483.54$44,248
Dec 19967210,14723.32$1,679
Nov 199614811,72121.97$3,252
Oct 199617212,44423.31$4,009
Sep 1996011,73122.22$0
Aug 199615812,16120.26$3,201
Jul 199614812,63119.55$2,893
Jun 199614712,68718.73$2,753
May 199615912,71519.43$3,089
Apr 199615612,00421.51$3,356
Mar 199617512,19619.38$3,392
Feb 199617712,79316.98$3,005
Jan 199618010,51717.07$3,073
Dec 19951799,49217.19$3,077
Nov 199517713,62216.00$2,832
Oct 1995013,13515.43$0
Sep 199517013,88916.18$2,751
Aug 199534313,53515.92$5,461
Jul 1995013,98315.24$0
Jun 199516613,96016.41$2,724
May 199517214,30017.56$3,020
Apr 199532613,29017.73$5,780
Mar 199517915,03316.44$2,943
Feb 199516613,17216.58$2,752
Jan 199517115,04115.92$2,722
Dec 199418015,31615.03$2,705
Nov 199435914,82215.90$5,708
Oct 19945515,92815.58$857
Sep 199433315,27315.29$5,092
Aug 199434016,87516.13$5,484
Jul 199416717,68317.56$2,933
Jun 199433517,85117.09$5,725
May 199416718,53815.88$2,652
Apr 199435517,85014.14$5,020
Mar 199433118,70012.46$4,124
Feb 199432517,45512.50$4,063
Jan 199436521,30312.66$4,621
Dec 199332418,97312.33$3,995
Nov 199334621,54014.49$5,014
Oct 199335318,87915.85$5,595
Sep 199317417,61915.03$2,615
Aug 199335220,85115.66$5,512
Jul 199334221,38615.46$5,287
Jun 199317020,82316.79$2,854
May 199350921,33017.68$8,999
Apr 199335819,88418.05$6,462
Mar 199334926,90318.14$6,331
Feb 199335318,14617.90$6,319
Jan 199334814,43616.93$5,892

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 2002 — as filed, then multipliedworked
Condensate             0 bbl  × $ 27.44 =         $0
Gas                    3 Mcf  × $  3.64 =        $11

────────────────────────────────────────────────────
Month total                                      $11

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/125282 is the state's own key, not one this site invented.