BASS, LEE M., INC.

Name: BASS, LEE M., INC. lease production and value, May 2004 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by DEWBRE PETROLEUM CORPORATION (P-5 216748) in the CANELO (I-08) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 201498District 04Field 15289912CondensateGasSave

Value, all time

$18.7 M

May 2004 – Mar 2012

Value, last 12 filed months

$7 k

at the published price for each month

Months reported

no gaps in the span

Streams

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.

Stream	Basis	Volume	Value
Condensate	Disposition	24,038 bbl	$1,219,502
Gas	Production	2,602,044 Mcf	$17,485,335
Total			$18,704,837

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 27.2404, -97.8872. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.24040, -97.88715 · 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

9,300 ft

1 wells filed one

Completion to plug

22 months

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 9,300 ft.

Completions filed

Dec 2008

1 of 1 wells

Plug dates filed

Oct 2010

1 of 1 wells

Last completion to plug: a median of 22 months across the 1 well that filed both dates, with the middle half between 22 months and 22 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-27332412	1	9,300 ft	Dec 2008	Oct 2010	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 (95)

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

95 months


Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	74	0	98.09	2.73	$7,259
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	108	0	80.84	3.80	$8,731
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	5	70.36	4.91	$25
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	326	81.69	4.12	$1,344
Mar 2010	0	1,686	78.39	4.39	$7,399
Feb 2010	179	3,043	73.58	5.44	$29,732
Jan 2010	0	3,721	74.36	5.96	$22,192
Dec 2009	0	4,134	71.44	5.48	$22,670
Nov 2009	0	3,636	74.59	3.75	$13,640
Oct 2009	0	3,241	72.54	4.11	$13,321
Sep 2009	0	4,640	65.54	3.06	$14,220
Aug 2009	0	6,171	67.42	3.22	$19,861
Jul 2009	0	6,512	61.13	3.46	$22,561
Jun 2009	0	8,121	66.16	3.90	$31,631
May 2009	0	11,091	54.74	3.93	$43,540
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	277	5,086	35.86	5.37	$37,250
Dec 2008	0	5,676	37.10	5.98	$33,926
Nov 2008	0	239	55.49	6.86	$1,640
Oct 2008	0	1,960	75.24	6.92	$13,567
Sep 2008	0	1,931	101.76	7.88	$15,211
Aug 2008	0	6,039	114.22	8.48	$51,229
Jul 2008	0	6,960	131.08	11.39	$79,270
Jun 2008	0	7,629	131.33	13.03	$99,426
May 2008	0	8,091	123.17	11.57	$93,648
Apr 2008	0	8,559	110.31	10.45	$89,483
Mar 2008	187	11,305	101.90	9.66	$128,308
Feb 2008	0	12,660	92.53	8.77	$111,036
Jan 2008	393	12,526	90.38	8.21	$138,304
Dec 2007	0	14,723	88.33	7.30	$107,507
Nov 2007	0	14,868	91.67	7.29	$108,413
Oct 2007	197	16,064	82.85	6.92	$127,516
Sep 2007	392	24,913	75.84	6.24	$185,290
Aug 2007	0	29,243	69.06	6.39	$186,803
Jul 2007	393	31,421	70.90	6.39	$228,579
Jun 2007	0	35,010	62.00	7.55	$264,271
May 2007	0	38,440	58.74	7.85	$301,611
Apr 2007	198	40,552	59.61	7.81	$328,319
Mar 2007	0	45,210	56.92	7.30	$330,122
Feb 2007	798	41,891	55.10	8.22	$388,146
Jan 2007	400	46,164	50.30	6.73	$330,658
Dec 2006	787	52,724	56.65	6.92	$409,351
Nov 2006	0	57,016	54.20	7.62	$434,318
Oct 2006	0	23,227	54.90	6.01	$139,683
Sep 2006	0	8,173	60.08	5.04	$41,169
Aug 2006	385	19,181	68.71	7.34	$167,240
Jul 2006	390	50,450	69.37	6.34	$347,047
Jun 2006	591	77,905	66.28	6.38	$536,508
May 2006	775	72,678	66.01	6.42	$518,114
Apr 2006	0	24,827	64.39	7.36	$182,739
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	1,727	54.69	10.59	$18,286
Oct 2005	0	20,961	58.34	13.80	$289,173
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	31,150	61.51	9.80	$305,172
Jul 2005	387	54,369	55.69	7.84	$448,003
Jun 2005	372	72,434	52.33	7.38	$554,105
May 2005	587	91,843	45.22	6.65	$637,407
Apr 2005	791	102,653	49.20	7.36	$794,493
Mar 2005	964	121,264	50.37	7.15	$916,186
Feb 2005	1,144	116,790	45.22	6.31	$788,901
Jan 2005	1,169	143,945	43.16	6.32	$960,503
Dec 2004	1,761	150,293	39.86	6.75	$1,084,834
Nov 2004	1,693	158,717	45.28	6.33	$1,081,404
Oct 2004	2,316	190,084	49.70	6.52	$1,353,521
Sep 2004	2,613	179,923	43.24	5.28	$1,063,681
Aug 2004	3,216	223,060	42.37	5.55	$1,374,392
Jul 2004	501	33,163	38.28	6.08	$220,948
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$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 2012 — as filed, then multipliedworked

Condensate            74 bbl  × $ 98.09 =     $7,259
Gas                    0 Mcf  × $  2.73 =         $0

────────────────────────────────────────────────────
Month total                                   $7,259

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/201498 is the state's own key, not one this site invented.