MCALLEN FIELDWIDE UNIT

Operated by FINA OIL & CHEMICAL COMPANY (P-5 268321) in the MCALLEN (9400) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 150565District 04Field 587219602 tax incentive programmesCondensateGasSaveExport
Value, all time
$402 k
Feb 1994 – May 1998
Value, last 12 filed months
$168 k
at the published price for each month
Months reported
52
no gaps in the span
Streams
2
condensate, gas

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
1964-12-03
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: PHARR (CONSOLIDATED) FIELD EFFECTIVE 10/01/2013

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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas111998-12-07139819
NGPA1none

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.

StreamBasisVolumeValue
CondensateDisposition12,245 bbl$195,335
GasProduction344,698 Mcf$206,491
Total$401,826

264,075 Mcf of this lease's gas, across 35 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 26.1895, -98.2221. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.18950, -98.22206 · 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
10,742 ft
1 wells filed one
Completion to plug
8.2 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 10,742 ft.

Completions filed
May 2007
1 of 1 wells
Plug dates filed
Jul 2015
1 of 1 wells

Last completion to plug: a median of 8.2 years across the 1 well that filed both dates, with the middle half between 8.2 years and 8.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-215015011510,742 ftMay 2007Jul 2015Yes

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 (52)

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

52 months

May 19983012.622.21$38
Apr 1998256,89613.042.51$17,603
Mar 1998142,17212.802.31$5,195
Feb 1998906,93013.952.30$17,188
Jan 19981805,97014.702.15$15,510
Dec 1997634,58216.322.41$12,076
Nov 19971199,07218.193.09$30,181
Oct 1997394,18519.253.15$13,933
Sep 1997597,27617.742.95$22,546
Aug 1997595,91317.862.55$16,160
Jul 1997643,75117.582.25$9,553
Jun 1997593,09617.242.26$8,005
May 1997783,37018.972.31$9,259
Apr 1997834,04017.882.08$9,898
Mar 1997164,33618.951.94$8,711
Feb 19971094,08420.492.21$11,242
Jan 19974974,95023.483.54$29,191
Dec 19961165,41123.32$2,705
Nov 1996506,43921.97$1,099
Oct 1996506,76023.31$1,166
Sep 1996767,52522.22$1,689
Aug 1996459,00220.26$912
Jul 199654,49819.55$98
Jun 1996353,34418.73$656
May 19967510,85219.43$1,457
Apr 19965352621.51$1,140
Mar 1996144,18919.38$271
Feb 19962553216.98$425
Jan 1996381,30717.07$649
Dec 19952113,86717.19$3,627
Nov 19951763,05316.00$2,816
Oct 19954323,67015.43$6,666
Sep 19953833,90216.18$6,197
Aug 19953655,12815.92$5,811
Jul 19953845,62115.24$5,852
Jun 19953095,67616.41$5,071
May 19953215,74317.56$5,637
Apr 19953526,26117.73$6,241
Mar 19953797,02616.44$6,231
Feb 19953667,60616.58$6,068
Jan 19953299,97715.92$5,238
Dec 19943379,03415.03$5,065
Nov 199447410,96515.90$7,537
Oct 19941211,41815.58$1,885
Sep 19941765,16215.29$2,691
Aug 199432411,98516.13$5,226
Jul 199432711,20417.56$5,742
Jun 199445113,41917.09$7,708
May 199460014,42015.88$9,528
Apr 199483916,84414.14$11,863
Mar 19941,36722,04612.46$17,033
Feb 19941,08319,66312.50$13,538

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 1998 — as filed, then multipliedworked
Condensate             3 bbl  × $ 12.62 =        $38
Gas                    0 Mcf  × $  2.21 =         $0

────────────────────────────────────────────────────
Month total                                      $38

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/150565 is the state's own key, not one this site invented.