SPESSARD, W.M.

Operated by CONTINENTAL TREND RESOURCES, INC (P-5 173783) in the LUBY (4750) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 149339District 04Field 55389343CondensateGasSave
Value, all time
$91 k
May 1994 – Jan 2006
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
141
no gaps in the span
Streams
2
condensate, gas

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
CondensateDisposition361 bbl$9,028
GasProduction103,046 Mcf$81,860
Total$90,888

70,854 Mcf of this lease's gas, across 32 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 27.5921, -97.6077. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.59213, -97.60770 · 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
8,543 ft
1 wells filed one
Completion to plug
11.7 years
median over 1 wells

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 8,543 ft.

Completions filed
May 1994
1 of 1 wells
Plug dates filed
Jan 2006
1 of 1 wells

Last completion to plug: a median of 11.7 years across the 1 well that filed both dates, with the middle half between 11.7 years and 11.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-3553018847-F8,543 ftMay 1994Jan 2006Yes

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 (141)

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

141 months

Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 200534045.226.65$1,537
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
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 20030231.146.10$12
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020724.664.14$29
Oct 20020026.464.23$0
Sep 20020427.443.64$15
Aug 20020025.963.16$0
Jul 2002010224.583.06$312
Jun 20020523.733.34$17
May 200201224.663.58$43
Apr 2002151323.653.51$400
Mar 200201322.003.10$40
Feb 2002276318.222.38$642
Jan 200202017.172.38$48
Dec 20012845116.932.36$1,540
Nov 200101118.072.41$26
Oct 2001191519.782.53$414
Sep 200101124.262.25$25
Aug 200107324.873.05$223
Jul 200110517723.933.20$3,079
Jun 2001122224.563.82$379
May 2001010525.524.31$452
Apr 200112112124.685.34$3,632
Mar 200101324.545.38$70
Feb 2001041427.755.77$2,388
Jan 2001018827.478.40$1,579
Dec 20000026.889.12$0
Nov 2000014332.215.66$809
Oct 2000043531.235.15$2,238
Sep 2000032831.875.19$1,701
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 200005827.263.68$213
Apr 20000024.513.12$0
Mar 2000010128.422.86$289
Feb 2000011727.622.73$319
Jan 200009225.272.48$228
Dec 19990024.282.42$0
Nov 199904123.192.43$100
Oct 199903320.982.80$93
Sep 199903121.752.62$81
Aug 199903119.262.88$89
Jul 199904117.892.37$97
Jun 199904415.942.36$104
May 19990615.792.32$14
Apr 199905415.102.21$119
Mar 199908512.471.84$156
Feb 199901209.981.82$218
Jan 1999023310.381.90$443
Dec 199801459.201.77$257
Nov 1998095410.892.19$2,085
Oct 1998089712.421.97$1,766
Sep 1998093012.592.08$1,937
Aug 1998070111.301.91$1,337
Jul 1998092411.742.24$2,067
Jun 1998099711.242.24$2,231
May 199801,07612.622.21$2,374
Apr 199801,07413.042.51$2,691
Mar 199801,09612.802.31$2,531
Feb 199801,68013.952.30$3,863
Jan 199801,86014.702.15$4,008
Dec 199701,55016.322.41$3,737
Nov 199701,40018.193.09$4,324
Oct 1997062019.253.15$1,953
Sep 199701,31417.742.95$3,883
Aug 1997073517.862.55$1,878
Jul 199701,86017.582.25$4,179
Jun 199701,35017.242.26$3,047
May 199701,39518.972.31$3,220
Apr 199701,20017.882.08$2,499
Mar 199701,08518.951.94$2,104
Feb 199702,80020.492.21$6,177
Jan 1997071423.483.54$2,527
Dec 199601,90023.32$0
Nov 199601,50021.97$0
Oct 1996031023.31$0
Sep 199604,20022.22$0
Aug 199601,24020.26$0
Jul 199604,19519.55$0
Jun 199602,66218.73$0
May 199603,79519.43$0
Apr 199601,51521.51$0
Mar 199601,08519.38$0
Feb 1996087016.98$0
Jan 199605217.07$0
Dec 199503,46717.19$0
Nov 199502,56016.00$0
Oct 199502,85615.43$0
Sep 199502,35716.18$0
Aug 199501,54115.92$0
Jul 199502,66115.24$0
Jun 199503,20816.41$0
May 199504,08717.56$0
Apr 199502,99017.73$0
Mar 199502,71716.44$0
Feb 199502,13916.58$0
Jan 199503,31915.92$0
Dec 1994098815.03$0
Nov 1994093015.90$0
Oct 199401,24115.58$0
Sep 199403,15015.29$0
Aug 199401,18016.13$0
Jul 199401,74617.56$0
Jun 199401,90017.09$0
May 199402,49315.88$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.

May 2005 — as filed, then multipliedworked
Condensate            34 bbl  × $ 45.22 =     $1,537
Gas                    0 Mcf  × $  6.65 =         $0

────────────────────────────────────────────────────
Month total                                   $1,537

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/149339 is the state's own key, not one this site invented.