WELDER HEIRS

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

Operated by HURD ENTERPRISES, LTD. (P-5 419886) in the BOLD FORBES (9550) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 142436District 04Field 10210810NGPA filingCondensateGasSave Export

Value, all time

$3.2 M

Jan 1993 – Apr 2001

Value, last 12 filed months

$158 k

at the published price for each month

Months reported

100

no gaps in the span

Streams

condensate, gas

The BOLD FORBES (9550) 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 6 leases and 6 wells, and the rule below applies to all of them.

Discovered

1989-01-17

as the register files it

Field class

Gas

the register's own label

Between wells

1,867 ft

minimum

From a lease line

933 ft

minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1993-03-01.

The Commission's schedule remark for this field reads: “ONE WELL FIELD EFF 10/01/09.”

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	117,744 bbl	$1,901,415
Gas	Production	5,207,456 Mcf	$1,309,802
Total			$3,211,217

4,685,198 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 27.9118, -98.3965. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.91181, -98.39650 · 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

10,080 ft

1 wells filed one

Completion to plug

11 months

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 10,080 ft.

Completions filed

Apr 2001

1 of 1 wells

Plug dates filed

Mar 2002

1 of 1 wells

Last completion to plug: a median of 11 months across the 1 well that filed both dates, with the middle half between 11 months and 11 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-13137578	2	10,080 ft	Apr 2001	Mar 2002	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 (100)

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

100 months


Apr 2001	299	0	24.68	5.34	$7,379
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	0	2,525	31.23	5.15	$12,992
Sep 2000	0	5,702	31.87	5.19	$29,573
Aug 2000	0	5,514	29.64	4.54	$25,038
Jul 2000	0	6,103	28.53	4.09	$24,960
Jun 2000	0	6,981	29.30	4.40	$30,697
May 2000	0	7,325	27.26	3.68	$26,954
Apr 2000	0	3,784	24.51	3.12	$11,791
Mar 2000	0	4,787	28.42	2.86	$13,690
Feb 2000	0	2,196	27.62	2.73	$5,987
Jan 2000	0	4,733	25.27	2.48	$11,740
Dec 1999	0	8,665	24.28	2.42	$21,002
Nov 1999	191	7,592	23.19	2.43	$22,908
Oct 1999	0	9,412	20.98	2.80	$26,389
Sep 1999	0	9,454	21.75	2.62	$24,759
Aug 1999	0	9,621	19.26	2.88	$27,666
Jul 1999	0	6,929	17.89	2.37	$16,438
Jun 1999	177	10,311	15.94	2.36	$27,177
May 1999	0	10,033	15.79	2.32	$23,287
Apr 1999	0	9,856	15.10	2.21	$21,763
Mar 1999	0	11,521	12.47	1.84	$21,179
Feb 1999	181	11,110	9.98	1.82	$22,002
Jan 1999	0	11,797	10.38	1.90	$22,414
Dec 1998	0	11,352	9.20	1.77	$20,131
Nov 1998	0	11,710	10.89	2.19	$25,595
Oct 1998	0	14,190	12.42	1.97	$27,943
Sep 1998	180	15,888	12.59	2.08	$35,355
Aug 1998	174	12,936	11.30	1.91	$26,640
Jul 1998	0	13,845	11.74	2.24	$30,975
Jun 1998	361	12,819	11.24	2.24	$32,737
May 1998	0	15,047	12.62	2.21	$33,199
Apr 1998	0	15,210	13.04	2.51	$38,106
Mar 1998	0	17,546	12.80	2.31	$40,521
Feb 1998	184	16,009	13.95	2.30	$39,374
Jan 1998	0	16,807	14.70	2.15	$36,216
Dec 1997	0	17,535	16.32	2.41	$42,279
Nov 1997	178	20,404	18.19	3.09	$66,251
Oct 1997	180	22,635	19.25	3.15	$74,761
Sep 1997	0	11,775	17.74	2.95	$34,794
Aug 1997	0	0	17.86	2.55	$0
Jul 1997	0	728	17.58	2.25	$1,636
Jun 1997	180	19,340	17.24	2.26	$46,757
May 1997	0	18,612	18.97	2.31	$42,966
Apr 1997	187	18,227	17.88	2.08	$41,306
Mar 1997	0	21,525	18.95	1.94	$41,740
Feb 1997	185	15,506	20.49	2.21	$37,995
Jan 1997	0	16,661	23.48	3.54	$58,975
Dec 1996	187	14,958	23.32	—	$4,361
Nov 1996	0	14,378	21.97	—	$0
Oct 1996	193	14,991	23.31	—	$4,499
Sep 1996	193	18,587	22.22	—	$4,288
Aug 1996	0	19,102	20.26	—	$0
Jul 1996	386	22,290	19.55	—	$7,546
Jun 1996	191	20,967	18.73	—	$3,577
May 1996	184	25,077	19.43	—	$3,575
Apr 1996	191	24,119	21.51	—	$4,108
Mar 1996	381	29,057	19.38	—	$7,384
Feb 1996	184	24,683	16.98	—	$3,124
Jan 1996	372	28,539	17.07	—	$6,350
Dec 1995	378	28,263	17.19	—	$6,498
Nov 1995	378	29,571	16.00	—	$6,048
Oct 1995	374	29,778	15.43	—	$5,771
Sep 1995	189	25,655	16.18	—	$3,058
Aug 1995	367	28,303	15.92	—	$5,843
Jul 1995	373	25,709	15.24	—	$5,685
Jun 1995	361	30,449	16.41	—	$5,924
May 1995	365	31,524	17.56	—	$6,409
Apr 1995	368	31,709	17.73	—	$6,525
Mar 1995	357	34,312	16.44	—	$5,869
Feb 1995	384	20,676	16.58	—	$6,367
Jan 1995	182	23,723	15.92	—	$2,897
Dec 1994	353	33,431	15.03	—	$5,306
Nov 1994	555	32,986	15.90	—	$8,825
Oct 1994	545	36,147	15.58	—	$8,491
Sep 1994	371	36,593	15.29	—	$5,673
Aug 1994	763	38,833	16.13	—	$12,307
Jul 1994	744	30,659	17.56	—	$13,065
Jun 1994	566	32,277	17.09	—	$9,673
May 1994	716	40,733	15.88	—	$11,370
Apr 1994	827	46,713	14.14	—	$11,694
Mar 1994	994	62,729	12.46	—	$12,385
Feb 1994	2,237	110,479	12.50	—	$27,963
Jan 1994	4,399	204,307	12.66	—	$55,691
Dec 1993	5,724	239,730	12.33	—	$70,577
Nov 1993	6,257	247,517	14.49	—	$90,664
Oct 1993	7,401	280,268	15.85	—	$117,306
Sep 1993	7,303	278,614	15.03	—	$109,764
Aug 1993	9,273	332,068	15.66	—	$145,215
Jul 1993	9,048	323,297	15.46	—	$139,882
Jun 1993	9,321	314,238	16.79	—	$156,500
May 1993	8,884	308,390	17.68	—	$157,069
Apr 1993	7,744	262,488	18.05	—	$139,779
Mar 1993	8,601	268,107	18.14	—	$156,022
Feb 1993	6,886	217,849	17.90	—	$123,259
Jan 1993	9,037	310,325	16.93	—	$152,996

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.

Apr 2001 — as filed, then multipliedworked

Condensate           299 bbl  × $ 24.68 =     $7,379
Gas                    0 Mcf  × $  5.34 =         $0

────────────────────────────────────────────────────
Month total                                   $7,379

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/142436 is the state's own key, not one this site invented.