SOUTHWEST FARM & RANCH-STATE

Name: SOUTHWEST FARM & RANCH-STATE lease production and value, Dec 1997 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SHELL WESTERN E&P (P-5 774719) in the HINDE, WEST (MARKER III SD.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 168572District 04Field 41545300CondensateGasSave Export

Value, all time

$7.6 M

Dec 1997 – Sep 2006

Value, last 12 filed months

at the published price for each month

Months reported

106

no gaps in the span

Streams

condensate, gas

The HINDE, WEST (MARKER III SD.) 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

1983-12-24

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 40 acres. The field rule took effect on 1984-07-02.

The Commission's schedule remark for this field reads: “HINDE (VICKSBURG CONSOLIDATED)41537250”

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	33,770 bbl	$695,195
Gas	Production	2,288,900 Mcf	$6,884,767
Total			$7,579,962

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 26.4768, -98.5539. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.47679, -98.55386 · 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

0.0%

0 of 1 wells

Median depth

8,900 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 8,900 ft.

Completions filed

Sep 2005

1 of 1 wells

1 well


42-42733057	11	8,900 ft	Sep 2005	—	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 (106)

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

106 months


Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	1	0	61.45	12.08	$61
Aug 2005	105	4,749	61.51	9.80	$52,984
Jul 2005	134	6,346	55.69	7.84	$57,238
Jun 2005	94	4,272	52.33	7.38	$36,451
May 2005	114	4,517	45.22	6.65	$35,198
Apr 2005	81	4,025	49.20	7.36	$33,611
Mar 2005	82	3,916	50.37	7.15	$32,149
Feb 2005	75	3,616	45.22	6.31	$26,215
Jan 2005	80	4,176	43.16	6.32	$29,854
Dec 2004	84	4,236	39.86	6.75	$31,946
Nov 2004	76	4,453	45.28	6.33	$31,631
Oct 2004	83	4,955	49.70	6.52	$36,407
Sep 2004	89	4,886	43.24	5.28	$29,666
Aug 2004	106	5,186	42.37	5.55	$33,277
Jul 2004	126	5,480	38.28	6.08	$38,165
Jun 2004	128	5,612	36.10	6.43	$40,723
May 2004	142	6,315	37.48	6.49	$46,335
Apr 2004	129	6,543	34.47	5.86	$42,779
Mar 2004	192	9,749	34.36	5.53	$60,510
Feb 2004	183	9,249	32.45	5.51	$56,897
Jan 2004	162	8,253	32.03	6.30	$57,180
Dec 2003	199	9,705	30.26	6.30	$67,179
Nov 2003	193	9,413	28.80	4.60	$48,813
Oct 2003	181	8,257	28.17	4.76	$44,399
Sep 2003	217	7,888	26.31	4.75	$43,172
Aug 2003	151	8,151	29.76	5.13	$46,306
Jul 2003	131	6,503	29.41	5.17	$37,479
Jun 2003	142	6,863	28.56	5.98	$45,117
May 2003	175	7,546	26.59	5.97	$49,723
Apr 2003	195	8,367	26.67	5.41	$50,443
Mar 2003	218	8,878	31.14	6.10	$60,909
Feb 2003	239	8,976	33.48	7.93	$79,144
Jan 2003	292	10,407	30.31	5.58	$66,943
Dec 2002	229	10,696	26.91	4.85	$58,078
Nov 2002	200	8,889	24.66	4.14	$41,705
Oct 2002	231	9,245	26.46	4.23	$45,210
Sep 2002	251	10,552	27.44	3.64	$45,246
Aug 2002	232	11,336	25.96	3.16	$41,892
Jul 2002	224	11,909	24.58	3.06	$41,968
Jun 2002	253	11,724	23.73	3.34	$45,141
May 2002	240	12,467	24.66	3.58	$50,600
Apr 2002	211	12,646	23.65	3.51	$49,407
Mar 2002	263	14,468	22.00	3.10	$50,676
Feb 2002	260	14,119	18.22	2.38	$38,279
Jan 2002	288	17,219	17.17	2.38	$45,852
Dec 2001	310	19,177	16.93	2.36	$50,590
Nov 2001	351	22,541	18.07	2.41	$60,565
Oct 2001	345	22,333	19.78	2.53	$63,302
Sep 2001	361	22,867	24.26	2.25	$60,239
Aug 2001	530	35,188	24.87	3.05	$120,616
Jul 2001	483	33,656	23.93	3.20	$119,159
Jun 2001	288	17,127	24.56	3.82	$72,570
May 2001	201	10,519	25.52	4.31	$50,438
Apr 2001	229	10,776	24.68	5.34	$63,145
Mar 2001	281	14,670	24.54	5.38	$85,768
Feb 2001	215	13,068	27.75	5.77	$81,330
Jan 2001	231	13,902	27.47	8.40	$123,105
Dec 2000	237	13,798	26.88	9.12	$132,243
Nov 2000	261	15,611	32.21	5.66	$96,734
Oct 2000	333	17,365	31.23	5.15	$99,751
Sep 2000	295	16,681	31.87	5.19	$95,918
Aug 2000	304	16,215	29.64	4.54	$82,639
Jul 2000	306	16,193	28.53	4.09	$74,956
Jun 2000	309	16,962	29.30	4.40	$83,640
May 2000	625	31,765	27.26	3.68	$133,925
Apr 2000	815	39,858	24.51	3.12	$144,173
Mar 2000	973	48,290	28.42	2.86	$165,750
Feb 2000	420	20,614	27.62	2.73	$67,804
Jan 2000	314	15,092	25.27	2.48	$45,370
Dec 1999	282	15,119	24.28	2.42	$43,491
Nov 1999	272	16,222	23.19	2.43	$45,792
Oct 1999	263	18,469	20.98	2.80	$57,299
Sep 1999	724	35,647	21.75	2.62	$109,101
Aug 1999	303	51,650	19.26	2.88	$154,361
Jul 1999	238	44,587	17.89	2.37	$110,035
Jun 1999	155	47,292	15.94	2.36	$114,179
May 1999	166	58,473	15.79	2.32	$138,338
Apr 1999	133	45,263	15.10	2.21	$101,951
Mar 1999	135	48,009	12.47	1.84	$89,940
Feb 1999	154	60,435	9.98	1.82	$111,395
Jan 1999	190	54,127	10.38	1.90	$104,811
Dec 1998	208	47,021	9.20	1.77	$85,297
Nov 1998	1,276	65,907	10.89	2.19	$157,950
Oct 1998	1,546	65,837	12.42	1.97	$148,848
Sep 1998	1,503	63,540	12.59	2.08	$151,252
Aug 1998	1,805	74,556	11.30	1.91	$162,601
Jul 1998	1,836	80,828	11.74	2.24	$202,389
Jun 1998	1,909	86,333	11.24	2.24	$214,607
May 1998	1,797	99,727	12.62	2.21	$242,710
Apr 1998	537	108,824	13.04	2.51	$279,643
Mar 1998	670	125,511	12.80	2.31	$298,436
Feb 1998	857	82,164	13.95	2.30	$200,861
Jan 1998	195	18,593	14.70	2.15	$42,931
Dec 1997	118	13,740	16.32	2.41	$35,054

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.

Sep 2005 — as filed, then multipliedworked

Condensate             1 bbl  × $ 61.45 =        $61
Gas                    0 Mcf  × $ 12.08 =         $0

────────────────────────────────────────────────────
Month total                                      $61

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/168572 is the state's own key, not one this site invented.