GALVAN

Operated by WAGNER OIL COMPANY (P-5 891175) in the LAS TIENDAS (OLMOS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 218594District 04Field 522110602 tax incentive programmesCondensateGasSaveExport
Value, all time
$324 k
Feb 2006 – Jul 2018
Value, last 12 filed months
$0
at the published price for each month
Months reported
150
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 754 leases and 754 wells, and the rule below applies to all of them.

Discovered
1974-04-22
as the register files it
Field class
Gas
the register's own label
Between wells
933 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 2011-08-23.

The Commission's schedule remark for this field reads: REMAINS SUSPENDED. FIELD REMAINS SET TO MANUAL REVIEW.

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 Gas112007-08-13170944
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
CondensateDisposition93 bbl$3,954
GasProduction74,849 Mcf$320,118
Total$324,072

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 28.0559, -99.5863. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.05595, -99.58629 · 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
7,000 ft
1 wells filed one
Completion to plug
12.4 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 7,000 ft.

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

Last completion to plug: a median of 12.4 years across the 1 well that filed both dates, with the middle half between 12.4 years and 12.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-47939418D 17,000 ftFeb 2006Jul 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 (150)

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

150 months

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 2016933942.521.99$4,032
Apr 2016042436.561.99$844
Mar 2016054133.011.79$971
Feb 2016042526.472.06$877
Jan 2016043227.352.36$1,021
Dec 2015040732.362.00$815
Nov 2015039538.792.17$856
Oct 2015044443.552.43$1,077
Sep 2015043242.992.76$1,192
Aug 2015041540.162.87$1,192
Jul 2015039948.152.95$1,175
Jun 2015038856.152.88$1,119
May 2015044855.212.96$1,324
Apr 2015045549.822.71$1,231
Mar 2015042142.892.93$1,236
Feb 2015055744.662.98$1,658
Jan 2015046043.433.10$1,426
Dec 2014060754.693.59$2,180
Nov 2014051070.464.25$2,168
Oct 2014056478.303.90$2,200
Sep 2014052086.164.05$2,104
Aug 2014070189.394.04$2,829
Jul 2014069696.564.18$2,909
Jun 2014066398.164.74$3,141
May 2014065494.734.73$3,091
Apr 2014058995.944.81$2,833
Mar 2014052995.895.06$2,675
Feb 2014047497.406.19$2,935
Jan 2014060490.404.86$2,936
Dec 2013065691.824.35$2,857
Nov 2013065788.853.74$2,456
Oct 2013069997.423.78$2,642
Sep 20130766104.113.72$2,848
Aug 20130863104.253.52$3,040
Jul 20130854102.523.72$3,175
Jun 2013085494.403.93$3,359
May 2013077994.834.15$3,232
Apr 2013077293.964.28$3,306
Mar 2013078493.623.91$3,068
Feb 2013061291.233.42$2,093
Jan 2013025491.603.42$869
Dec 2012042386.773.42$1,447
Nov 2012074386.953.62$2,693
Oct 2012067289.383.40$2,285
Sep 2012074394.672.92$2,168
Aug 2012081492.662.91$2,367
Jul 2012056585.133.02$1,707
Jun 2012060279.822.52$1,516
May 2012073691.612.49$1,831
Apr 20120813101.652.00$1,623
Mar 20120783105.052.22$1,740
Feb 20120696101.102.57$1,789
Jan 2012013798.092.73$375
Dec 2011042596.873.24$1,377
Nov 2011049295.723.31$1,629
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110783.404.15$29
Jul 20110094.144.52$0
Jun 201107392.904.64$339
May 2011067398.134.40$2,964
Apr 20110392105.964.33$1,699
Mar 2011068796.364.06$2,787
Feb 2011050585.644.18$2,111
Jan 2011065186.504.59$2,987
Dec 2010095285.734.35$4,139
Nov 201001,02480.843.80$3,886
Oct 2010097878.103.51$3,432
Sep 2010093772.633.98$3,729
Aug 201001,09373.684.42$4,830
Jul 201001,29472.554.74$6,129
Jun 201001,22670.364.91$6,020
May 201001,16071.124.24$4,913
Apr 201001,63281.694.12$6,728
Mar 201001,52478.394.39$6,688
Feb 201001,45073.585.44$7,891
Jan 201001,13174.365.96$6,745
Dec 200901,38671.445.48$7,600
Nov 200901,98174.593.75$7,432
Oct 200904,40872.544.11$18,118
Sep 200901,61965.543.06$4,962
Aug 200902,19367.423.22$7,058
Jul 200901,10861.133.46$3,839
Jun 2009063066.163.90$2,454
May 2009061754.743.93$2,422
Apr 2009060846.773.59$2,181
Mar 2009067542.144.06$2,740
Feb 2009058532.814.63$2,710
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 2008058114.228.48$492
Jul 2008087131.0811.39$991
Jun 2008092131.3313.03$1,199
May 2008062123.1711.57$718
Apr 2008095110.3110.45$993
Mar 20080101101.909.66$976
Feb 200809392.538.77$816
Jan 2008044790.388.21$3,668
Dec 2007056888.337.30$4,148
Nov 2007067891.677.29$4,944
Oct 200701,01182.856.92$6,998
Sep 200701,02075.846.24$6,369
Aug 200701,41569.066.39$9,039
Jul 200702,25770.906.39$14,418
Jun 200702,27962.007.55$17,203
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$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.

May 2016 — as filed, then multipliedworked
Condensate            93 bbl  × $ 42.52 =     $3,954
Gas                   39 Mcf  × $  1.99 =        $78

────────────────────────────────────────────────────
Month total                                   $4,032

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/218594 is the state's own key, not one this site invented.