K&H FEE 1859

Operated by KILLAM OIL CO., LTD. (P-5 460054) 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 235420District 04Field 047892372 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.2 M
Feb 2008 – Mar 2020
Value, last 12 filed months
$8 k
at the published price for each month
Months reported
146
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 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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112008-09-23182822
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
CondensateDisposition1,648 bbl$149,085
GasProduction171,507 Mcf$1,086,259
Total$1,235,344

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 27.4946, -99.1498. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.49458, -99.14977 · 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
9,810 ft
1 wells filed one
Completion to plug
7.2 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 9,810 ft.

Completions filed
Jan 2013
1 of 1 wells
Plug dates filed
Mar 2020
1 of 1 wells

Last completion to plug: a median of 7.2 years across the 1 well that filed both dates, with the middle half between 7.2 years and 7.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4793991059,810 ftJan 2013Mar 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 (146)

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

146 months

Mar 20200030.341.86$0
Feb 202001,12949.881.98$2,236
Jan 202002,77357.252.09$5,809
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
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 20166033.011.79$198
Feb 20160026.472.06$0
Jan 2016969327.352.36$1,885
Dec 20151051132.362.00$1,346
Nov 2015027438.792.17$594
Oct 2015080343.552.43$1,949
Sep 2015074042.992.76$2,041
Aug 20152177240.162.87$3,061
Jul 2015086148.152.95$2,536
Jun 20152579956.152.88$3,707
May 2015093755.212.96$2,769
Apr 20152693349.822.71$3,821
Mar 2015211,00842.892.93$3,859
Feb 20152197944.662.98$3,852
Jan 20153295943.433.10$4,363
Dec 201401,14354.693.59$4,105
Nov 2014087170.464.25$3,703
Oct 2014988378.303.90$4,149
Sep 2014091886.164.05$3,714
Aug 2014096789.394.04$3,902
Jul 20142198796.564.18$6,153
Jun 201401,11798.164.74$5,291
May 20141497194.734.73$5,916
Apr 201401,23195.944.81$5,920
Mar 2014201,18395.895.06$7,900
Feb 2014131,16497.406.19$8,474
Jan 201401,30790.404.86$6,353
Dec 2013181,43891.824.35$7,915
Nov 2013151,47488.853.74$6,843
Oct 201301,51397.423.78$5,718
Sep 201301,769104.113.72$6,577
Aug 201342,626104.253.52$9,667
Jul 20130798102.523.72$2,967
Jun 201301,13294.403.93$4,453
May 201341,38594.834.15$6,126
Apr 201301,95293.964.28$8,360
Mar 201305,51493.623.91$21,576
Feb 201303,10991.233.42$10,633
Jan 201301,11191.603.42$3,800
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 2012191294.672.92$1,834
Aug 201201192.662.91$32
Jul 201201085.133.02$30
Jun 20120079.822.52$0
May 201205691.612.49$139
Apr 2012039101.652.00$78
Mar 20120288105.052.22$640
Feb 201219531101.102.57$3,286
Jan 2012059298.092.73$1,619
Dec 2011044296.873.24$1,432
Nov 20111455695.723.31$3,181
Oct 2011043984.983.65$1,602
Sep 20112731083.623.99$3,493
Aug 2011038483.404.15$1,593
Jul 2011042894.144.52$1,933
Jun 2011068492.904.64$3,174
May 20112557998.134.40$5,004
Apr 20110652105.964.33$2,825
Mar 201121,02596.364.06$4,351
Feb 20115272685.644.18$7,488
Jan 2011311,08686.504.59$7,665
Dec 201001,09085.734.35$4,739
Nov 2010221,15480.843.80$6,158
Oct 201001,26278.103.51$4,428
Sep 2010231,23372.633.98$6,577
Aug 2010511,32273.684.42$9,600
Jul 201001,38772.554.74$6,570
Jun 201001,16070.364.91$5,696
May 2010251,39171.124.24$7,669
Apr 2010121,36581.694.12$6,608
Mar 2010151,45078.394.39$7,539
Feb 201001,35973.585.44$7,396
Jan 2010161,45174.365.96$9,844
Dec 200901,39371.445.48$7,639
Nov 2009141,55374.593.75$6,870
Oct 2009151,71372.544.11$8,129
Sep 2009161,71565.543.06$6,305
Aug 200901,78867.423.22$5,755
Jul 2009141,88661.133.46$7,390
Jun 200901,87866.163.90$7,315
May 2009151,93154.743.93$8,402
Apr 2009181,86246.773.59$7,522
Mar 2009182,28342.144.06$10,025
Feb 200902,20732.814.63$10,225
Jan 2009402,39135.865.37$14,276
Dec 2008202,59637.105.98$16,259
Nov 2008203,16355.496.86$22,809
Oct 2008173,02775.246.92$22,232
Sep 2008863,184101.767.88$33,832
Aug 2008893,547114.228.48$40,255
Jul 2008675,849131.0811.39$75,399
Jun 2008885,142131.3313.03$78,571
May 2008926,638123.1711.57$88,162
Apr 20082187,643110.3110.45$103,954
Mar 20087712,854101.909.66$132,068
Feb 20088220,05692.538.77$183,490

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.

Feb 2020 — as filed, then multipliedworked
Condensate             0 bbl  × $ 49.88 =         $0
Gas                1,129 Mcf  × $  1.98 =     $2,236

────────────────────────────────────────────────────
Month total                                   $2,236

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/235420 is the state's own key, not one this site invented.