SLICK, T. B. ESTATE B-486

Operated by CONOCO INC. (P-5 172230) in the RINCON (VICKSBURG SAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 168497District 04Field 76721693CondensateGasSaveExport
Value, all time
$2.2 M
Apr 1998 – Jul 2002
Value, last 12 filed months
$279 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 14 leases and 64 wells, and the rule below applies to all of them.

Discovered
1950-02-04
as the register files it
Field class
Oil and gas
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1969-09-30.

The Commission's schedule remark for this field reads: NET GOR 1000 MCF/DAY PER WELL PER DKT 4-59,613 EFF 9/30/69

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
CondensateDisposition61,194 bbl$1,312,842
GasProduction310,628 Mcf$915,658
Total$2,228,499

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 26.5197, -98.6140. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.51974, -98.61401 · 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
0.0%
0 of 1 wells
Median depth
6,000 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
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 6,000 ft.

Completions filed
Jan 2009
1 of 1 wells

1 well

42-427330161896,000 ftJan 2009Yes

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

Jul 20020024.583.06$0
Jun 20023488523.733.34$8,542
May 20021,24238124.663.58$31,993
Apr 20021,24032323.653.51$30,460
Mar 20021,39733722.003.10$31,780
Feb 200251231218.222.38$10,070
Jan 20021,14837717.172.38$20,607
Dec 20012,48139116.932.36$42,928
Nov 20011,09657518.072.41$21,188
Oct 200144596019.782.53$11,230
Sep 20011,15795324.262.25$30,214
Aug 20011,4541,36724.873.05$40,335
Jul 20011,6261,39023.933.20$43,354
Jun 20011,6821,94924.563.82$48,763
May 20011,7162,78825.524.31$55,801
Apr 20013,3332,45824.685.34$95,373
Mar 20017,2515,26424.545.38$206,241
Feb 20014,9907,45527.755.77$181,466
Jan 20013,71410,78127.478.40$192,571
Dec 20003,6249,82826.889.12$187,069
Nov 20003,69214,26932.215.66$199,653
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 199911920.982.80$74
Sep 19997857521.752.62$3,202
Aug 19993954,03519.262.88$19,211
Jul 19993241517.892.37$1,557
Jun 19991021,64215.942.36$5,504
May 1999791,42215.792.32$4,548
Apr 19991142,13215.102.21$6,429
Mar 19992674,36212.471.84$11,348
Feb 199905,4129.981.82$9,838
Jan 19993307,36110.381.90$17,411
Dec 199826611,6699.201.77$23,140
Nov 199834917,88010.892.19$42,881
Oct 199876624,34312.421.97$57,450
Sep 199848014,71912.592.08$36,697
Aug 199891922,77511.301.91$53,825
Jul 19984,93845,39211.742.24$159,526
Jun 19981,92853,06511.242.24$140,391
May 19985,63927,27012.622.21$131,331
Apr 19983633,89713.042.51$14,497

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.

Jun 2002 — as filed, then multipliedworked
Condensate           348 bbl  × $ 23.73 =     $8,258
Gas                   85 Mcf  × $  3.34 =       $284

────────────────────────────────────────────────────
Month total                                   $8,542

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/168497 is the state's own key, not one this site invented.