MCCANN

Operated by CONTINENTAL TREND RESOURCES, INC (P-5 173783) in the LUBY ( 8600) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 199807District 04Field 55389884CondensateGasSave
Value, all time
$531 k
Dec 2003 – Apr 2005
Value, last 12 filed months
$216 k
at the published price for each month
Months reported
14
3 months not filed
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
CondensateDisposition935 bbl$30,690
GasProduction83,145 Mcf$500,098
Total$530,788

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 27.5896, -97.5929. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.58956, -97.59290 · 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
9,890 ft
1 wells filed one
Completion to plug
11.0 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 9,890 ft.

Completions filed
Jul 2009
1 of 1 wells
Plug dates filed
Jul 2020
1 of 1 wells

Last completion to plug: a median of 11.0 years across the 1 well that filed both dates, with the middle half between 11.0 years and 11.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-35533551409,890 ftJul 2009Jul 2020Yes

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 (14)

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

14 months

Apr 20050049.207.36$0
Feb 20050045.226.31$0
Nov 200455045.286.33$2,490
Oct 200403,47449.706.52$22,633
Sep 200443,02043.245.28$16,130
Aug 200455,40642.375.55$30,219
Jul 200412,60438.286.08$15,881
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20041237,59334.365.53$46,217
Feb 200418213,87232.455.51$82,335
Jan 200430924,32832.036.30$163,155
Dec 200325622,84830.266.30$151,726

Not filed, and not zero: Dec 2004 – Jan 2005 (2 months) · Mar 2005. The Railroad Commission holds no report for those months, so this page shows none — a zero would state that the lease produced nothing.

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.

Nov 2004 — as filed, then multipliedworked
Condensate            55 bbl  × $ 45.28 =     $2,490
Gas                    0 Mcf  × $  6.33 =         $0

────────────────────────────────────────────────────
Month total                                   $2,490

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/199807 is the state's own key, not one this site invented.