MAYO-OWENS GAS UNIT

Name: MAYO-OWENS GAS UNIT lease production and value, Mar 1994 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by ABRAXAS PETROLEUM CORPORATION (P-5 3125) in the WHITE POINT EAST DEEP(GUEDIN LWR field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 150059District 04Field 96980350CondensateGasSave Export

Value, all time

$2.7 M

Mar 1994 – Nov 1999

Value, last 12 filed months

$59 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The WHITE POINT EAST DEEP(GUEDIN LWR 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 4 leases and 4 wells, and the rule below applies to all of them.

Discovered

1979-10-23

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 160 acres.

The Commission's schedule remark for this field reads: “WHITE POINT EAST (CONSOLIDATED) 96979012”

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	93,190 bbl	$1,602,978
Gas	Production	1,939,783 Mcf	$1,138,616
Total			$2,741,594

1,480,827 Mcf of this lease's gas, across 34 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 27.8836, -97.4131. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.88358, -97.41314 · 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

10,992 ft

1 wells filed one

Completion to plug

20.5 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 10,992 ft.

Completions filed

Aug 2002

1 of 1 wells

Plug dates filed

Feb 2023

1 of 1 wells

Last completion to plug: a median of 20.5 years across the 1 well that filed both dates, with the middle half between 20.5 years and 20.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-40932430	4	10,992 ft	Aug 2002	Feb 2023	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 (69)

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

69 months


Nov 1999	0	0	23.19	2.43	$0
Oct 1999	0	0	20.98	2.80	$0
Sep 1999	0	0	21.75	2.62	$0
Aug 1999	0	0	19.26	2.88	$0
Jul 1999	4	0	17.89	2.37	$72
Jun 1999	25	264	15.94	2.36	$1,022
May 1999	53	2,978	15.79	2.32	$7,749
Apr 1999	117	4,871	15.10	2.21	$12,522
Mar 1999	121	4,248	12.47	1.84	$9,318
Feb 1999	108	3,425	9.98	1.82	$7,304
Jan 1999	156	4,909	10.38	1.90	$10,946
Dec 1998	165	4,886	9.20	1.77	$10,182
Nov 1998	184	5,097	10.89	2.19	$13,144
Oct 1998	257	5,348	12.42	1.97	$13,723
Sep 1998	141	6,412	12.59	2.08	$15,129
Aug 1998	158	7,189	11.30	1.91	$15,497
Jul 1998	182	7,449	11.74	2.24	$18,802
Jun 1998	192	7,424	11.24	2.24	$18,768
May 1998	256	8,408	12.62	2.21	$21,782
Apr 1998	275	9,773	13.04	2.51	$28,071
Mar 1998	343	11,308	12.80	2.31	$30,506
Feb 1998	375	13,222	13.95	2.30	$35,630
Jan 1998	464	14,786	14.70	2.15	$38,682
Dec 1997	723	15,288	16.32	2.41	$48,660
Nov 1997	818	26,723	18.19	3.09	$97,407
Oct 1997	878	20,882	19.25	3.15	$82,676
Sep 1997	911	26,280	17.74	2.95	$93,815
Aug 1997	993	28,456	17.86	2.55	$90,433
Jul 1997	1,083	28,668	17.58	2.25	$83,454
Jun 1997	1,385	32,069	17.24	2.26	$96,264
May 1997	1,535	37,178	18.97	2.31	$114,944
Apr 1997	913	22,180	17.88	2.08	$62,521
Mar 1997	1,151	23,710	18.95	1.94	$67,788
Feb 1997	1,364	32,070	20.49	2.21	$98,692
Jan 1997	1,738	43,455	23.48	3.54	$194,626
Dec 1996	1,365	36,086	23.32	—	$31,832
Nov 1996	512	20,552	21.97	—	$11,249
Oct 1996	228	6,295	23.31	—	$5,315
Sep 1996	828	32,527	22.22	—	$18,398
Aug 1996	945	37,316	20.26	—	$19,146
Jul 1996	1,042	37,190	19.55	—	$20,371
Jun 1996	1,106	33,734	18.73	—	$20,715
May 1996	2,444	34,837	19.43	—	$47,487
Apr 1996	2,183	29,503	21.51	—	$46,956
Mar 1996	2,718	36,197	19.38	—	$52,675
Feb 1996	2,733	38,416	16.98	—	$46,406
Jan 1996	3,379	44,130	17.07	—	$57,680
Dec 1995	3,123	45,382	17.19	—	$53,684
Nov 1995	551	44,171	16.00	—	$8,816
Oct 1995	661	49,110	15.43	—	$10,199
Sep 1995	817	45,697	16.18	—	$13,219
Aug 1995	1,086	50,871	15.92	—	$17,289
Jul 1995	3,298	53,566	15.24	—	$50,262
Jun 1995	2,621	51,045	16.41	—	$43,011
May 1995	3,048	56,514	17.56	—	$53,523
Apr 1995	3,415	51,715	17.73	—	$60,548
Mar 1995	3,805	49,915	16.44	—	$62,554
Feb 1995	4,018	52,876	16.58	—	$66,618
Jan 1995	4,486	62,829	15.92	—	$71,417
Dec 1994	2,879	54,978	15.03	—	$43,271
Nov 1994	3,015	56,040	15.90	—	$47,939
Oct 1994	3,201	57,957	15.58	—	$49,872
Sep 1994	3,403	63,109	15.29	—	$52,032
Aug 1994	4,357	71,948	16.13	—	$70,278
Jul 1994	4,333	68,638	17.56	—	$76,087
Jun 1994	2,765	44,873	17.09	—	$47,254
May 1994	639	17,809	15.88	—	$10,147
Apr 1994	765	28,905	14.14	—	$10,817
Mar 1994	353	16,096	12.46	—	$4,398

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 1999 — as filed, then multipliedworked

Condensate             4 bbl  × $ 17.89 =        $72
Gas                    0 Mcf  × $  2.37 =         $0

────────────────────────────────────────────────────
Month total                                      $72

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/150059 is the state's own key, not one this site invented.