FROST NATIONAL BANK

Name: FROST NATIONAL BANK lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by CONOCOPHILLIPS COMPANY (P-5 172232) in the B.M.T. (LOBO CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 129716District 04Field 04789237NGPA filingCondensateGasSave Export

Value, all time

$2.2 M

Jan 1993 – Nov 2003

Value, last 12 filed months

$119

at the published price for each month

Months reported

131

no gaps in the span

Streams

condensate, gas

The B.M.T. (LOBO CONS.) field

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 420 leases and 420 wells, and the rule below applies to all of them.

Discovered

1998-10-21

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 2010-11-02.

The Commission's schedule remark for this field reads: “PERMITTED/DRILLED/COMPLETED ON THE SAME LEASE.”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	6,475 bbl	$114,290
Gas	Production	1,976,543 Mcf	$2,054,663
Total			$2,168,953

1,256,660 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 27.4871, -99.1261. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.48709, -99.12612 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

10,500 ft

1 wells filed one

Completion to plug

14.8 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 10,500 ft.

Completions filed

Jan 1989

1 of 1 wells

Plug dates filed

Nov 2003

1 of 1 wells

Last completion to plug: a median of 14.8 years across the 1 well that filed both dates, with the middle half between 14.8 years and 14.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-47934772	33	10,500 ft	Jan 1989	Nov 2003	Yes

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 (131)

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

131 months


Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	4	0	29.76	5.13	$119
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	2	0	23.73	3.34	$47
May 2002	2	0	24.66	3.58	$49
Apr 2002	1	0	23.65	3.51	$24
Mar 2002	60	1,431	22.00	3.10	$5,760
Feb 2002	0	7,192	18.22	2.38	$17,086
Jan 2002	55	9,901	17.17	2.38	$24,466
Dec 2001	0	11,893	16.93	2.36	$28,120
Nov 2001	0	12,315	18.07	2.41	$29,624
Oct 2001	83	12,297	19.78	2.53	$32,739
Sep 2001	0	8,354	24.26	2.25	$18,808
Aug 2001	0	5,859	24.87	3.05	$17,888
Jul 2001	0	10,841	23.93	3.20	$34,660
Jun 2001	0	8,101	24.56	3.82	$30,980
May 2001	0	6,656	25.52	4.31	$28,670
Apr 2001	70	7,723	24.68	5.34	$42,932
Mar 2001	0	7,707	24.54	5.38	$41,436
Feb 2001	0	6,806	27.75	5.77	$39,251
Jan 2001	0	8,539	27.47	8.40	$71,717
Dec 2000	84	9,697	26.88	9.12	$90,719
Nov 2000	0	10,972	32.21	5.66	$62,080
Oct 2000	0	8,910	31.23	5.15	$45,846
Sep 2000	0	6,034	31.87	5.19	$31,295
Aug 2000	0	6,478	29.64	4.54	$29,415
Jul 2000	0	7,098	28.53	4.09	$29,029
Jun 2000	97	7,366	29.30	4.40	$35,232
May 2000	0	8,489	27.26	3.68	$31,237
Apr 2000	0	8,839	24.51	3.12	$27,542
Mar 2000	0	11,507	28.42	2.86	$32,907
Feb 2000	0	9,216	27.62	2.73	$25,127
Jan 2000	140	9,570	25.27	2.48	$27,276
Dec 1999	0	11,198	24.28	2.42	$27,141
Nov 1999	0	11,606	23.19	2.43	$28,249
Oct 1999	0	10,831	20.98	2.80	$30,367
Sep 1999	0	11,465	21.75	2.62	$30,025
Aug 1999	0	10,296	19.26	2.88	$29,607
Jul 1999	140	9,051	17.89	2.37	$23,977
Jun 1999	0	9,910	15.94	2.36	$23,408
May 1999	0	11,266	15.79	2.32	$26,149
Apr 1999	0	9,118	15.10	2.21	$20,133
Mar 1999	0	9,672	12.47	1.84	$17,780
Feb 1999	0	18,715	9.98	1.82	$34,020
Jan 1999	157	18,387	10.38	1.90	$36,564
Dec 1998	0	5,782	9.20	1.77	$10,253
Nov 1998	0	11,832	10.89	2.19	$25,861
Oct 1998	0	10,490	12.42	1.97	$20,657
Sep 1998	0	11,670	12.59	2.08	$24,304
Aug 1998	0	19,580	11.30	1.91	$37,346
Jul 1998	0	21,333	11.74	2.24	$47,728
Jun 1998	0	27,120	11.24	2.24	$60,675
May 1998	0	11,146	12.62	2.21	$24,592
Apr 1998	0	610	13.04	2.51	$1,528
Mar 1998	0	6,651	12.80	2.31	$15,360
Feb 1998	66	12,295	13.95	2.30	$29,189
Jan 1998	145	15,912	14.70	2.15	$36,419
Dec 1997	0	26,070	16.32	2.41	$62,857
Nov 1997	0	2,885	18.19	3.09	$8,910
Oct 1997	98	11,888	19.25	3.15	$39,332
Sep 1997	119	27,009	17.74	2.95	$81,919
Aug 1997	0	7,223	17.86	2.55	$18,453
Jul 1997	0	13,011	17.58	2.25	$29,235
Jun 1997	0	13,299	17.24	2.26	$30,019
May 1997	290	27,893	18.97	2.31	$69,892
Apr 1997	128	37,244	17.88	2.08	$79,860
Mar 1997	122	9,033	18.95	1.94	$19,828
Feb 1997	1	6,823	20.49	2.21	$15,071
Jan 1997	55	11,778	23.48	3.54	$42,982
Dec 1996	180	15,151	23.32	—	$4,198
Nov 1996	4	28,449	21.97	—	$88
Oct 1996	156	19,024	23.31	—	$3,636
Sep 1996	1	15,948	22.22	—	$22
Aug 1996	0	22,725	20.26	—	$0
Jul 1996	157	21,790	19.55	—	$3,069
Jun 1996	1	24,613	18.73	—	$19
May 1996	178	26,659	19.43	—	$3,459
Apr 1996	138	27,364	21.51	—	$2,968
Mar 1996	2	29,729	19.38	—	$39
Feb 1996	152	19,554	16.98	—	$2,581
Jan 1996	2	14,813	17.07	—	$34
Dec 1995	1	18,371	17.19	—	$17
Nov 1995	173	20,414	16.00	—	$2,768
Oct 1995	2	22,806	15.43	—	$31
Sep 1995	169	19,233	16.18	—	$2,734
Aug 1995	141	17,986	15.92	—	$2,245
Jul 1995	0	20,243	15.24	—	$0
Jun 1995	177	22,422	16.41	—	$2,905
May 1995	1	25,805	17.56	—	$18
Apr 1995	165	26,974	17.73	—	$2,925
Mar 1995	1	28,692	16.44	—	$16
Feb 1995	69	18,821	16.58	—	$1,144
Jan 1995	168	26,535	15.92	—	$2,675
Dec 1994	0	32,317	15.03	—	$0
Nov 1994	182	25,567	15.90	—	$2,894
Oct 1994	0	27,872	15.58	—	$0
Sep 1994	146	31,160	15.29	—	$2,232
Aug 1994	161	32,004	16.13	—	$2,597
Jul 1994	169	34,208	17.56	—	$2,968
Jun 1994	70	24,729	17.09	—	$1,196
May 1994	174	29,069	15.88	—	$2,763
Apr 1994	0	29,548	14.14	—	$0
Mar 1994	82	32,898	12.46	—	$1,022
Feb 1994	81	31,701	12.50	—	$1,013
Jan 1994	130	26,776	12.66	—	$1,646
Dec 1993	133	32,933	12.33	—	$1,640
Nov 1993	167	30,252	14.49	—	$2,420
Oct 1993	177	28,833	15.85	—	$2,805
Sep 1993	0	30,985	15.03	—	$0
Aug 1993	170	29,741	15.66	—	$2,662
Jul 1993	164	27,933	15.46	—	$2,535
Jun 1993	0	29,313	16.79	—	$0
May 1993	163	32,041	17.68	—	$2,882
Apr 1993	173	32,070	18.05	—	$3,123
Mar 1993	176	32,208	18.14	—	$3,193
Feb 1993	0	27,127	17.90	—	$0
Jan 1993	0	31,254	16.93	—	$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.

Aug 2003 — as filed, then multipliedworked

Condensate             4 bbl  × $ 29.76 =       $119
Gas                    0 Mcf  × $  5.13 =         $0

────────────────────────────────────────────────────
Month total                                     $119

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/129716 is the state's own key, not one this site invented.