FROST NATIONAL BANK

Name: FROST NATIONAL BANK lease production and value, Jun 2002 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by CONOCOPHILLIPS COMPANY (P-5 172232) in the B.M.T. (LOBO CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 189873District 04Field 047892372 tax incentive programmesCondensateGasSave Export

Value, all time

$8.0 M

Jun 2002 – Oct 2012

Value, last 12 filed months

$7 k

at the published price for each month

Months reported

125

no gaps in the span

Streams

condensate, gas

The B.M.T. (LOBO CONS.) 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 420 leases and 420 wells, and the rule below applies to all of them.

Discovered

1998-10-21

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 2010-11-02.

The Commission's schedule remark for this field reads: “PERMITTED/DRILLED/COMPLETED ON THE SAME LEASE.”

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2002-11-18	148879
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	3,426 bbl	$159,319
Gas	Production	1,292,758 Mcf	$7,888,603
Total			$8,047,923

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 27.4551, -99.0930. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.45512, -99.09297 · 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

9,550 ft

1 wells filed one

Completion to plug

10.0 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 9,550 ft.

Completions filed

Jun 2002

1 of 1 wells

Plug dates filed

Jun 2012

1 of 1 wells

Last completion to plug: a median of 10.0 years across the 1 well that filed both dates, with the middle half between 10.0 years and 10.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-47938109	83	9,550 ft	Jun 2002	Jun 2012	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 (125)

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

125 months


Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	25	0	92.66	2.91	$2,317
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	46	29	91.61	2.49	$4,286
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	6	84.98	3.65	$22
Sep 2011	0	1,593	83.62	3.99	$6,349
Aug 2011	0	5,248	83.40	4.15	$21,776
Jul 2011	0	4,165	94.14	4.52	$18,814
Jun 2011	0	3,810	92.90	4.64	$17,678
May 2011	100	4,247	98.13	4.40	$28,520
Apr 2011	0	4,028	105.96	4.33	$17,454
Mar 2011	0	4,197	96.36	4.06	$17,029
Feb 2011	0	3,851	85.64	4.18	$16,097
Jan 2011	0	4,292	86.50	4.59	$19,695
Dec 2010	0	4,807	85.73	4.35	$20,900
Nov 2010	0	4,578	80.84	3.80	$17,375
Oct 2010	0	5,379	78.10	3.51	$18,874
Sep 2010	0	5,136	72.63	3.98	$20,439
Aug 2010	0	5,944	73.68	4.42	$26,269
Jul 2010	0	5,743	72.55	4.74	$27,202
Jun 2010	107	5,745	70.36	4.91	$35,739
May 2010	0	5,932	71.12	4.24	$25,123
Apr 2010	0	5,864	81.69	4.12	$24,175
Mar 2010	0	6,331	78.39	4.39	$27,785
Feb 2010	0	5,814	73.58	5.44	$31,642
Jan 2010	0	6,547	74.36	5.96	$39,047
Dec 2009	0	6,613	71.44	5.48	$36,264
Nov 2009	0	6,663	74.59	3.75	$24,996
Oct 2009	0	6,978	72.54	4.11	$28,681
Sep 2009	0	6,795	65.54	3.06	$20,825
Aug 2009	0	7,146	67.42	3.22	$22,999
Jul 2009	65	7,206	61.13	3.46	$28,939
Jun 2009	0	7,043	66.16	3.90	$27,432
May 2009	0	7,392	54.74	3.93	$29,019
Apr 2009	0	7,237	46.77	3.59	$25,963
Mar 2009	0	7,469	42.14	4.06	$30,317
Feb 2009	45	6,705	32.81	4.63	$32,541
Jan 2009	0	7,375	35.86	5.37	$39,611
Dec 2008	0	7,346	37.10	5.98	$43,908
Nov 2008	76	7,510	55.49	6.86	$55,739
Oct 2008	0	7,770	75.24	6.92	$53,784
Sep 2008	0	7,570	101.76	7.88	$59,630
Aug 2008	0	7,879	114.22	8.48	$66,838
Jul 2008	0	7,838	131.08	11.39	$89,270
Jun 2008	76	7,669	131.33	13.03	$109,928
May 2008	0	7,923	123.17	11.57	$91,703
Apr 2008	0	7,326	110.31	10.45	$76,592
Mar 2008	0	8,201	101.90	9.66	$79,255
Feb 2008	114	7,705	92.53	8.77	$78,126
Jan 2008	0	8,533	90.38	8.21	$70,019
Dec 2007	0	8,325	88.33	7.30	$60,789
Nov 2007	0	8,274	91.67	7.29	$60,332
Oct 2007	0	8,985	82.85	6.92	$62,194
Sep 2007	0	8,841	75.84	6.24	$55,205
Aug 2007	135	9,241	69.06	6.39	$68,354
Jul 2007	0	7,878	70.90	6.39	$50,324
Jun 2007	0	7,359	62.00	7.55	$55,549
May 2007	0	9,961	58.74	7.85	$78,157
Apr 2007	0	9,993	59.61	7.81	$77,997
Mar 2007	0	10,572	56.92	7.30	$77,196
Feb 2007	0	9,983	55.10	8.22	$82,020
Jan 2007	0	1,174	50.30	6.73	$7,897
Dec 2006	121	3,663	56.65	6.92	$32,197
Nov 2006	0	10,353	54.20	7.62	$78,864
Oct 2006	0	10,953	54.90	6.01	$65,869
Sep 2006	0	8,706	60.08	5.04	$43,854
Aug 2006	0	7,613	68.71	7.34	$55,879
Jul 2006	0	10,628	69.37	6.34	$67,411
Jun 2006	90	10,873	66.28	6.38	$75,377
May 2006	0	11,607	66.01	6.42	$74,575
Apr 2006	0	8,914	64.39	7.36	$65,611
Mar 2006	0	11,199	56.70	7.08	$79,322
Feb 2006	0	10,323	57.59	7.75	$80,015
Jan 2006	82	11,935	60.59	8.93	$111,588
Dec 2005	0	12,956	54.94	13.42	$173,810
Nov 2005	103	12,509	54.69	10.59	$138,083
Oct 2005	0	13,180	58.34	13.80	$181,828
Sep 2005	0	12,473	61.45	12.08	$150,661
Aug 2005	0	13,615	61.51	9.80	$133,384
Jul 2005	95	13,267	55.69	7.84	$109,352
Jun 2005	0	13,105	52.33	7.38	$96,729
May 2005	0	14,118	45.22	6.65	$93,901
Apr 2005	0	14,018	49.20	7.36	$103,179
Mar 2005	68	15,032	50.37	7.15	$110,977
Feb 2005	0	12,511	45.22	6.31	$78,968
Jan 2005	153	15,238	43.16	6.32	$102,941
Dec 2004	0	15,673	39.86	6.75	$105,810
Nov 2004	0	15,702	45.28	6.33	$99,400
Oct 2004	0	16,806	49.70	6.52	$109,493
Sep 2004	0	16,602	43.24	5.28	$87,723
Aug 2004	89	18,302	42.37	5.55	$105,359
Jul 2004	0	20,414	38.28	6.08	$124,202
Jun 2004	157	18,995	36.10	6.43	$127,863
May 2004	0	14,993	37.48	6.49	$97,373
Apr 2004	0	13,552	34.47	5.86	$79,394
Mar 2004	187	14,432	34.36	5.53	$86,236
Feb 2004	0	14,138	32.45	5.51	$77,895
Jan 2004	0	16,081	32.03	6.30	$101,305
Dec 2003	107	14,032	30.26	6.30	$91,662
Nov 2003	0	14,911	28.80	4.60	$68,518
Oct 2003	118	16,314	28.17	4.76	$80,973
Sep 2003	0	17,145	26.31	4.75	$81,428
Aug 2003	128	17,823	29.76	5.13	$95,236
Jul 2003	0	18,471	29.41	5.17	$95,511
Jun 2003	84	18,739	28.56	5.98	$114,514
May 2003	88	18,834	26.59	5.97	$114,829
Apr 2003	97	19,068	26.67	5.41	$105,693
Mar 2003	178	27,551	31.14	6.10	$173,495
Feb 2003	0	19,253	33.48	7.93	$152,597
Jan 2003	95	21,725	30.31	5.58	$124,149
Dec 2002	0	26,025	26.91	4.85	$126,319
Nov 2002	187	26,427	24.66	4.14	$113,939
Oct 2002	0	30,001	26.46	4.23	$126,878
Sep 2002	135	28,774	27.44	3.64	$108,304
Aug 2002	93	40,059	25.96	3.16	$129,167
Jul 2002	182	50,769	24.58	3.06	$159,916
Jun 2002	0	10,594	23.73	3.34	$35,365

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.

Aug 2012 — as filed, then multipliedworked

Condensate            25 bbl  × $ 92.66 =     $2,317
Gas                    0 Mcf  × $  2.91 =         $0

────────────────────────────────────────────────────
Month total                                   $2,317

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/189873 is the state's own key, not one this site invented.