SOUTHWEST TEXAS CORP.

Operated by LIVE OAK RESERVES, INC. (P-5 503944) in the REALITOS, EAST (6430 SD) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 154114District 04Field 75040750CondensateGasSave
Value, all time
$42 k
Feb 1995 – Jan 1999
Value, last 12 filed months
$0
at the published price for each month
Months reported
48
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
CondensateDisposition744 bbl$12,198
GasProduction117,934 Mcf$29,529
Total$41,726

104,755 Mcf of this lease's gas, across 20 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 27.4267, -98.4589. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.42673, -98.45888 · 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
6,600 ft
1 wells filed one
Completion to plug
3.9 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 6,600 ft.

Completions filed
Feb 1995
1 of 1 wells
Plug dates filed
Jan 1999
1 of 1 wells

Last completion to plug: a median of 3.9 years across the 1 well that filed both dates, with the middle half between 3.9 years and 3.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-1313797916,600 ftFeb 1995Jan 1999Yes

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 (48)

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

48 months

Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 1998124014.702.15$1,823
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 1997027819.253.15$876
Sep 1997050517.742.95$1,492
Aug 1997070017.862.55$1,788
Jul 1997062717.582.25$1,409
Jun 1997063517.242.26$1,433
May 1997095618.972.31$2,207
Apr 199701,42917.882.08$2,976
Mar 199704,10018.951.94$7,950
Feb 199703,43520.492.21$7,577
Jan 1997051423.483.54$1,819
Dec 199605823.32$0
Nov 19960421.97$0
Oct 19960023.31$0
Sep 19960022.22$0
Aug 1996019820.26$0
Jul 1996030019.55$0
Jun 1996058818.73$0
May 199601,54619.43$0
Apr 199601,54621.51$0
Mar 199602,81219.38$0
Feb 199663,58016.98$102
Jan 19961273,89617.07$2,168
Dec 199504,85317.19$0
Nov 199506,54416.00$0
Oct 199509,71115.43$0
Sep 199509,75716.18$0
Aug 19951658,99515.92$2,627
Jul 1995010,16715.24$0
Jun 199515312,55316.41$2,511
May 199516912,89417.56$2,968
Apr 1995012,83417.73$0
Mar 199501,91916.44$0
Feb 19950016.58$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.

Jan 1998 — as filed, then multipliedworked
Condensate           124 bbl  × $ 14.70 =     $1,823
Gas                    0 Mcf  × $  2.15 =         $0

────────────────────────────────────────────────────
Month total                                   $1,823

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/154114 is the state's own key, not one this site invented.