VOLPE BROTHERS

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

Operated by CHESAPEAKE OPERATING, INC. (P-5 147715) in the LA RICA (WILCOX, LOWER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 139111District 04Field 509656002 tax incentive programmesCondensateGasSave Export

Value, all time

$469 k

Jan 1993 – Oct 2012

Value, last 12 filed months

at the published price for each month

Months reported

238

no gaps in the span

Streams

condensate, gas

The LA RICA (WILCOX, LOWER) 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 15 leases and 15 wells, and the rule below applies to all of them.

Discovered

1989-01-22

as the register files it

Field class

Gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA EFFECTIVE 10/01/89.”

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
High Cost Gas	2	2	1992-04-04 – 1993-06-02	2 dockets
NGPA	2	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	1,603 bbl	$28,214
Gas	Production	1,053,883 Mcf	$440,954
Total			$469,168

880,824 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 26.9301, -99.1695. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.93008, -99.16947 · 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

9,200 ft

1 wells filed one

Completion to plug

22.8 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 9,200 ft.

Completions filed

Jan 1990

1 of 1 wells

Plug dates filed

Oct 2012

1 of 1 wells

Last completion to plug: a median of 22.8 years across the 1 well that filed both dates, with the middle half between 22.8 years and 22.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-50532625	3	9,200 ft	Jan 1990	Oct 2012	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 (238)

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

238 months


Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
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	0	0	29.76	5.13	$0
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	34	24.58	3.06	$104
Jun 2002	0	100	23.73	3.34	$334
May 2002	0	143	24.66	3.58	$513
Apr 2002	0	120	23.65	3.51	$421
Mar 2002	0	92	22.00	3.10	$285
Feb 2002	0	74	18.22	2.38	$176
Jan 2002	0	327	17.17	2.38	$777
Dec 2001	0	46	16.93	2.36	$109
Nov 2001	0	98	18.07	2.41	$236
Oct 2001	0	625	19.78	2.53	$1,581
Sep 2001	0	305	24.26	2.25	$687
Aug 2001	0	474	24.87	3.05	$1,447
Jul 2001	0	551	23.93	3.20	$1,762
Jun 2001	0	462	24.56	3.82	$1,767
May 2001	0	205	25.52	4.31	$883
Apr 2001	0	452	24.68	5.34	$2,412
Mar 2001	0	751	24.54	5.38	$4,038
Feb 2001	0	777	27.75	5.77	$4,481
Jan 2001	0	573	27.47	8.40	$4,812
Dec 2000	0	718	26.88	9.12	$6,550
Nov 2000	0	788	32.21	5.66	$4,459
Oct 2000	0	678	31.23	5.15	$3,489
Sep 2000	0	894	31.87	5.19	$4,637
Aug 2000	0	993	29.64	4.54	$4,509
Jul 2000	0	909	28.53	4.09	$3,718
Jun 2000	0	920	29.30	4.40	$4,045
May 2000	0	778	27.26	3.68	$2,863
Apr 2000	11	855	24.51	3.12	$2,934
Mar 2000	0	853	28.42	2.86	$2,439
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	102	866	25.27	2.48	$4,726
Dec 1999	0	1,039	24.28	2.42	$2,518
Nov 1999	0	1,356	23.19	2.43	$3,300
Oct 1999	0	1,229	20.98	2.80	$3,446
Sep 1999	0	1,541	21.75	2.62	$4,036
Aug 1999	0	1,868	19.26	2.88	$5,372
Jul 1999	0	2,528	17.89	2.37	$5,997
Jun 1999	0	2,761	15.94	2.36	$6,522
May 1999	0	2,728	15.79	2.32	$6,332
Apr 1999	0	3,118	15.10	2.21	$6,885
Mar 1999	0	5,185	12.47	1.84	$9,532
Feb 1999	0	3,463	9.98	1.82	$6,295
Jan 1999	0	4,438	10.38	1.90	$8,432
Dec 1998	0	2,751	9.20	1.77	$4,878
Nov 1998	0	2,740	10.89	2.19	$5,989
Oct 1998	0	3,060	12.42	1.97	$6,026
Sep 1998	0	2,998	12.59	2.08	$6,244
Aug 1998	0	3,979	11.30	1.91	$7,589
Jul 1998	0	4,882	11.74	2.24	$10,922
Jun 1998	0	4,584	11.24	2.24	$10,256
May 1998	0	4,329	12.62	2.21	$9,551
Apr 1998	0	5,665	13.04	2.51	$14,193
Mar 1998	0	5,574	12.80	2.31	$12,873
Feb 1998	0	6,116	13.95	2.30	$14,061
Jan 1998	0	6,258	14.70	2.15	$13,485
Dec 1997	0	5,679	16.32	2.41	$13,693
Nov 1997	0	6,791	18.19	3.09	$20,972
Oct 1997	0	4,245	19.25	3.15	$13,371
Sep 1997	0	5,905	17.74	2.95	$17,449
Aug 1997	45	4,295	17.86	2.55	$11,776
Jul 1997	0	6,854	17.58	2.25	$15,401
Jun 1997	0	5,353	17.24	2.26	$12,083
May 1997	0	6,574	18.97	2.31	$15,176
Apr 1997	0	6,233	17.88	2.08	$12,982
Mar 1997	0	6,916	18.95	1.94	$13,411
Feb 1997	0	6,883	20.49	2.21	$15,183
Jan 1997	0	7,680	23.48	3.54	$27,185
Dec 1996	62	8,210	23.32	—	$1,446
Nov 1996	0	7,739	21.97	—	$0
Oct 1996	0	8,360	23.31	—	$0
Sep 1996	0	8,079	22.22	—	$0
Aug 1996	0	8,377	20.26	—	$0
Jul 1996	0	8,612	19.55	—	$0
Jun 1996	0	8,684	18.73	—	$0
May 1996	0	8,585	19.43	—	$0
Apr 1996	59	8,620	21.51	—	$1,269
Mar 1996	0	9,828	19.38	—	$0
Feb 1996	0	11,043	16.98	—	$0
Jan 1996	0	10,270	17.07	—	$0
Dec 1995	0	10,266	17.19	—	$0
Nov 1995	0	9,947	16.00	—	$0
Oct 1995	83	10,487	15.43	—	$1,281
Sep 1995	0	10,879	16.18	—	$0
Aug 1995	0	12,177	15.92	—	$0
Jul 1995	0	12,481	15.24	—	$0
Jun 1995	75	12,207	16.41	—	$1,231
May 1995	0	10,406	17.56	—	$0
Apr 1995	0	12,961	17.73	—	$0
Mar 1995	0	15,458	16.44	—	$0
Feb 1995	0	14,245	16.58	—	$0
Jan 1995	51	16,086	15.92	—	$812
Dec 1994	0	16,535	15.03	—	$0
Nov 1994	18	17,003	15.90	—	$286
Oct 1994	0	18,217	15.58	—	$0
Sep 1994	0	17,542	15.29	—	$0
Aug 1994	99	19,157	16.13	—	$1,597
Jul 1994	0	20,008	17.56	—	$0
Jun 1994	104	19,123	17.09	—	$1,777
May 1994	0	20,446	15.88	—	$0
Apr 1994	0	21,476	14.14	—	$0
Mar 1994	128	22,973	12.46	—	$1,595
Feb 1994	12	21,490	12.50	—	$150
Jan 1994	0	27,166	12.66	—	$0
Dec 1993	0	26,245	12.33	—	$0
Nov 1993	0	26,680	14.49	—	$0
Oct 1993	0	29,595	15.85	—	$0
Sep 1993	0	29,690	15.03	—	$0
Aug 1993	108	31,567	15.66	—	$1,691
Jul 1993	0	29,600	15.46	—	$0
Jun 1993	110	30,221	16.79	—	$1,847
May 1993	122	30,015	17.68	—	$2,157
Apr 1993	118	34,684	18.05	—	$2,130
Mar 1993	128	37,156	18.14	—	$2,322
Feb 1993	132	36,342	17.90	—	$2,363
Jan 1993	36	43,886	16.93	—	$609

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.

Jul 2002 — as filed, then multipliedworked

Condensate             0 bbl  × $ 24.58 =         $0
Gas                   34 Mcf  × $  3.06 =       $104

────────────────────────────────────────────────────
Month total                                     $104

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/139111 is the state's own key, not one this site invented.