OWEN 3

Operated by LEWIS PETRO PROPERTIES, INC. (P-5 499978) 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 74530District 04Field 52211060NGPA filingCondensateGasSaveExport
Value, all time
$426 k
Jan 1993 – Jan 2012
Value, last 12 filed months
$0
at the published price for each month
Months reported
229
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
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
CondensateDisposition109 bbl$2,309
GasProduction114,060 Mcf$424,141
Total$426,450

30,206 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 28.0095, -99.5548. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.00948, -99.55479 · 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
7,300 ft
1 wells filed one
Completion to plug
34.1 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 7,300 ft.

Completions filed
Dec 1977
1 of 1 wells
Plug dates filed
Jan 2012
1 of 1 wells

Last completion to plug: a median of 34.1 years across the 1 well that filed both dates, with the middle half between 34.1 years and 34.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4793185817,300 ftDec 1977Jan 2012Yes

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 (229)

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

229 months

Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090772.544.11$29
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 2009010166.163.90$393
May 2009027754.743.93$1,087
Apr 2009028646.773.59$1,026
Mar 2009038242.144.06$1,551
Feb 2009035332.814.63$1,635
Jan 2009036335.865.37$1,950
Dec 2008037437.105.98$2,235
Nov 2008032055.496.86$2,195
Oct 2008037075.246.92$2,561
Sep 20080376101.767.88$2,962
Aug 20080364114.228.48$3,088
Jul 20080431131.0811.39$4,909
Jun 20080587131.3313.03$7,650
May 20080536123.1711.57$6,204
Apr 20080512110.3110.45$5,353
Mar 20080533101.909.66$5,151
Feb 2008051792.538.77$4,534
Jan 2008055890.388.21$4,579
Dec 2007061388.337.30$4,476
Nov 2007060091.677.29$4,375
Oct 2007064682.856.92$4,472
Sep 2007060975.846.24$3,803
Aug 2007060969.066.39$3,890
Jul 2007060270.906.39$3,846
Jun 2007057462.007.55$4,333
May 2007060458.747.85$4,739
Apr 2007058659.617.81$4,574
Mar 2007057756.927.30$4,213
Feb 2007050655.108.22$4,157
Jan 2007055750.306.73$3,747
Dec 2006056256.656.92$3,888
Nov 2006053354.207.62$4,060
Oct 2006058854.906.01$3,536
Sep 2006062160.085.04$3,128
Aug 2006061268.717.34$4,492
Jul 2006061969.376.34$3,926
Jun 2006057566.286.38$3,671
May 2006060966.016.42$3,913
Apr 2006059464.397.36$4,372
Mar 2006063556.707.08$4,498
Feb 2006055557.597.75$4,302
Jan 2006059360.598.93$5,297
Dec 2005074954.9413.42$10,048
Nov 2005068454.6910.59$7,242
Oct 2005060158.3413.80$8,291
Sep 2005061061.4512.08$7,368
Aug 2005062661.519.80$6,133
Jul 2005059055.697.84$4,628
Jun 2005056452.337.38$4,163
May 2005054145.226.65$3,598
Apr 2005056149.207.36$4,129
Mar 2005055350.377.15$3,957
Feb 2005055345.226.31$3,490
Jan 2005069743.166.32$4,407
Dec 20042569739.866.75$5,702
Nov 2004047045.286.33$2,975
Oct 2004052649.706.52$3,427
Sep 2004051643.245.28$2,726
Aug 2004053142.375.55$2,947
Jul 2004051038.286.08$3,103
Jun 2004249536.106.43$3,257
May 2004047937.486.49$3,111
Apr 2004050334.475.86$2,947
Mar 2004046734.365.53$2,583
Feb 2004040032.455.51$2,204
Jan 2004043732.036.30$2,753
Dec 2003044530.266.30$2,804
Nov 2003044128.804.60$2,026
Oct 2003050628.174.76$2,408
Sep 2003048326.314.75$2,294
Aug 2003050529.765.13$2,591
Jul 2003050029.415.17$2,585
Jun 2003049928.565.98$2,986
May 2003050626.595.97$3,022
Apr 2003057226.675.41$3,093
Mar 2003052531.146.10$3,200
Feb 2003046833.487.93$3,709
Jan 2003049530.315.58$2,763
Dec 2002050226.914.85$2,437
Nov 2002045924.664.14$1,899
Oct 2002048226.464.23$2,038
Sep 2002054827.443.64$1,992
Aug 2002060825.963.16$1,924
Jul 2002063524.583.06$1,944
Jun 2002161123.733.34$2,063
May 2002068724.663.58$2,462
Apr 2002053723.653.51$1,886
Mar 2002058122.003.10$1,803
Feb 2002057918.222.38$1,376
Jan 2002072617.172.38$1,725
Dec 2001073216.932.36$1,731
Nov 2001071518.072.41$1,720
Oct 2001048019.782.53$1,214
Sep 2001062424.262.25$1,405
Aug 2001073724.873.05$2,250
Jul 2001064123.933.20$2,049
Jun 2001064324.563.82$2,459
May 2001055525.524.31$2,391
Apr 2001047324.685.34$2,524
Mar 2001046824.545.38$2,516
Feb 2001056827.755.77$3,276
Jan 200108027.478.40$672
Dec 200006126.889.12$556
Nov 2000052932.215.66$2,993
Oct 2000058531.235.15$3,010
Sep 2000060731.875.19$3,148
Aug 2000072729.644.54$3,301
Jul 2000063628.534.09$2,601
Jun 2000061029.304.40$2,682
May 2000050527.263.68$1,858
Apr 2000054624.513.12$1,701
Mar 2000072628.422.86$2,076
Feb 2000081327.622.73$2,217
Jan 2000052525.272.48$1,302
Dec 1999060124.282.42$1,457
Nov 1999072923.192.43$1,774
Oct 1999073320.982.80$2,055
Sep 1999074221.752.62$1,943
Aug 1999062819.262.88$1,806
Jul 1999068717.892.37$1,630
Jun 1999056215.942.36$1,328
May 1999069315.792.32$1,608
Apr 1999072315.102.21$1,596
Mar 1999074012.471.84$1,360
Feb 199908449.981.82$1,534
Jan 1999075910.381.90$1,442
Dec 199805979.201.77$1,059
Nov 1998066310.892.19$1,449
Oct 1998075012.421.97$1,477
Sep 1998055312.592.08$1,152
Aug 1998063711.301.91$1,215
Jul 1998083511.742.24$1,868
Jun 1998083911.242.24$1,877
May 1998095412.622.21$2,105
Apr 19984284413.042.51$2,662
Mar 1998056312.802.31$1,300
Feb 1998039413.952.30$906
Jan 1998057814.702.15$1,245
Dec 1997056016.322.41$1,350
Nov 1997043118.193.09$1,331
Oct 1997047019.253.15$1,480
Sep 1997062317.742.95$1,841
Aug 1997053317.862.55$1,362
Jul 1997055017.582.25$1,236
Jun 1997048617.242.26$1,097
May 1997042518.972.31$981
Apr 1997043717.882.08$910
Mar 1997048218.951.94$935
Feb 1997043620.492.21$962
Jan 1997050123.483.54$1,773
Dec 1996057123.32$0
Nov 1996051321.97$0
Oct 1996063023.31$0
Sep 1996070022.22$0
Aug 1996070520.26$0
Jul 1996058919.55$0
Jun 1996069418.73$0
May 1996063819.43$0
Apr 1996056421.51$0
Mar 1996065319.38$0
Feb 1996072616.98$0
Jan 19963373417.07$563
Dec 1995181117.19$17
Nov 1995079516.00$0
Oct 1995077415.43$0
Sep 1995062116.18$0
Aug 1995062715.92$0
Jul 1995064415.24$0
Jun 1995057416.41$0
May 1995056317.56$0
Apr 199501,20017.73$0
Mar 1995076916.44$0
Feb 1995160116.58$17
Jan 1995060615.92$0
Dec 1994069115.03$0
Nov 1994045615.90$0
Oct 1994043315.58$0
Sep 1994045015.29$0
Aug 1994037416.13$0
Jul 1994040817.56$0
Jun 1994051117.09$0
May 1994041415.88$0
Apr 1994066314.14$0
Mar 1994059512.46$0
Feb 1994065712.50$0
Jan 1994070912.66$0
Dec 1993053012.33$0
Nov 1993057414.49$0
Oct 1993065415.85$0
Sep 1993057115.03$0
Aug 1993065915.66$0
Jul 1993055415.46$0
Jun 1993063616.79$0
May 1993079417.68$0
Apr 1993072018.05$0
Mar 1993049518.14$0
Feb 1993452417.90$72
Jan 1993083216.93$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.

Oct 2009 — as filed, then multipliedworked
Condensate             0 bbl  × $ 72.54 =         $0
Gas                    7 Mcf  × $  4.11 =        $29

────────────────────────────────────────────────────
Month total                                      $29

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/74530 is the state's own key, not one this site invented.