JAMES TRUST

Operated by WHITE MARLIN OPERATING CO, LLC (P-5 918475) in the OWEN (OLMOS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 217038District 04Field 678854002 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.2 M
Feb 2006 – May 2019
Value, last 12 filed months
$625
at the published price for each month
Months reported
160
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 811 leases and 811 wells, and the rule below applies to all of them.

Discovered
1971-11-11
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 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 2015-03-24.

The Commission's schedule remark for this field reads: LATERALS. EFFECTIVE 3/24/15;

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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112006-11-21170780
NGPA1none

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.

StreamBasisVolumeValue
CondensateDisposition341 bbl$20,350
GasProduction187,540 Mcf$1,179,350
Total$1,199,700

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 28.0831, -99.5095. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.08309, -99.50949 · 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
7,200 ft
1 wells filed one
Completion to plug
12.8 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 7,200 ft.

Completions filed
Feb 2006
1 of 1 wells
Plug dates filed
Nov 2018
1 of 1 wells

Last completion to plug: a median of 12.8 years across the 1 well that filed both dates, with the middle half between 12.8 years and 12.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-47939283187,200 ftFeb 2006Nov 2018Yes

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 (160)

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

160 months

May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 201911056.803.06$625
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 201402696.564.18$109
Jun 20140698.164.74$28
May 201409994.734.73$468
Apr 201401695.944.81$77
Mar 201407995.895.06$399
Feb 201401497.406.19$87
Jan 201403490.404.86$165
Dec 2013070091.824.35$3,048
Nov 201301,08288.853.74$4,045
Oct 201301,23497.423.78$4,664
Sep 201301,181104.113.72$4,391
Aug 201301,263104.253.52$4,449
Jul 201301,405102.523.72$5,223
Jun 201302,00194.403.93$7,871
May 201301,93394.834.15$8,020
Apr 201301,66893.964.28$7,143
Mar 201302,11093.623.91$8,256
Feb 201301,84391.233.42$6,303
Jan 201302,50491.603.42$8,563
Dec 201202,50886.773.42$8,578
Nov 2012041386.953.62$1,497
Oct 201208789.383.40$296
Sep 2012014894.672.92$432
Aug 2012011692.662.91$337
Jul 20120085.133.02$0
Jun 2012014679.822.52$368
May 201201591.612.49$37
Apr 2012090101.652.00$180
Mar 2012023105.052.22$51
Feb 20120112101.102.57$288
Jan 2012010998.092.73$298
Dec 2011021896.873.24$706
Nov 2011037495.723.31$1,238
Oct 2011062084.983.65$2,262
Sep 201106983.623.99$275
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 2011089198.134.40$3,925
Apr 201102,193105.964.33$9,503
Mar 201102,45796.364.06$9,969
Feb 201102,43185.644.18$10,162
Jan 201102,53486.504.59$11,628
Dec 201002,14085.734.35$9,304
Nov 2010040980.843.80$1,552
Oct 2010071878.103.51$2,519
Sep 2010031172.633.98$1,238
Aug 2010038173.684.42$1,684
Jul 2010027972.554.74$1,321
Jun 2010041470.364.91$2,033
May 2010068071.124.24$2,880
Apr 2010069781.694.12$2,874
Mar 2010065778.394.39$2,883
Feb 2010052473.585.44$2,852
Jan 2010059374.365.96$3,537
Dec 2009069771.445.48$3,822
Nov 2009075974.593.75$2,847
Oct 2009082372.544.11$3,383
Sep 200901,78165.543.06$5,458
Aug 200902,50167.423.22$8,049
Jul 200902,64261.133.46$9,153
Jun 200901,13466.163.90$4,417
May 200901,95254.743.93$7,663
Apr 200901,36546.773.59$4,897
Mar 200901,93242.144.06$7,842
Feb 200901,61632.814.63$7,487
Jan 200901,78935.865.37$9,609
Dec 200801,88937.105.98$11,291
Nov 200801,79255.496.86$12,294
Oct 200801,86575.246.92$12,909
Sep 200801,907101.767.88$15,022
Aug 200801,954114.228.48$16,576
Jul 200801,984131.0811.39$22,597
Jun 200802,012131.3313.03$26,222
May 200802,147123.1711.57$24,850
Apr 200802,095110.3110.45$21,903
Mar 200802,247101.909.66$21,715
Feb 200802,06992.538.77$18,146
Jan 200802,28890.388.21$18,775
Dec 200702,38688.337.30$17,423
Nov 200702,46291.677.29$17,952
Oct 200702,74282.856.92$18,980
Sep 200702,97875.846.24$18,595
Aug 200703,21469.066.39$20,531
Jul 200703,52570.906.39$22,517
Jun 200703,13862.007.55$23,687
May 200703,83158.747.85$30,059
Apr 2007373,49959.617.81$29,516
Mar 200703,96756.927.30$28,967
Feb 200704,01855.108.22$33,012
Jan 200704,60150.306.73$30,950
Dec 200604,61156.656.92$31,901
Nov 2006615,77154.207.62$47,267
Oct 200605,50354.906.01$33,094
Sep 200603,92660.085.04$19,776
Aug 2006383,98868.717.34$31,883
Jul 200604,31169.376.34$27,344
Jun 200604,71966.286.38$30,126
May 2006203,70566.016.42$25,125
Apr 2006476,98264.397.36$54,417
Mar 20066510,09056.707.08$75,152
Feb 2006627,77857.597.75$63,859

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.

Mar 2019 — as filed, then multipliedworked
Condensate            11 bbl  × $ 56.80 =       $625
Gas                    0 Mcf  × $  3.06 =         $0

────────────────────────────────────────────────────
Month total                                     $625

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/217038 is the state's own key, not one this site invented.