CORBETT, C. M.

Operated by FAULCONER, VERNON E., INC. (P-5 263701) in the LA JARA (FRIO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 81527District 04Field 50827120NGPA filingCondensateGasSaveExport
Value, all time
$521 k
Jan 1993 – Dec 2014
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
264
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 9 leases and 9 wells, and the rule below applies to all of them.

Discovered
1984-06-14
as the register files it
Field class
Gas
the register's own label
Between wells
2,640 ft
minimum
From a lease line
1,320 ft
minimum

A drilling unit in this field needs at least 320 acres. The field rule took effect on 1984-06-04.

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 02/01/97.

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
CondensateDisposition325 bbl$15,596
GasProduction226,172 Mcf$505,808
Total$521,404

98,247 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 26.5570, -97.9659. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.55700, -97.96589 · 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
10,600 ft
1 wells filed one
Completion to plug
35.4 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 10,600 ft.

Completions filed
Feb 1979
1 of 1 wells
Plug dates filed
Jul 2014
1 of 1 wells

Last completion to plug: a median of 35.4 years across the 1 well that filed both dates, with the middle half between 35.4 years and 35.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-48930596110,600 ftFeb 1979Jul 2014Yes

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 (264)

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

264 months

Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 201427089.394.04$2,414
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 201304891.824.35$209
Nov 201307588.853.74$280
Oct 2013013597.423.78$510
Sep 2013059104.113.72$219
Aug 20130179104.253.52$631
Jul 20130215102.523.72$799
Jun 2013021594.403.93$846
May 2013023394.834.15$967
Apr 2013018193.964.28$775
Mar 2013021993.623.91$857
Feb 2013021891.233.42$746
Jan 2013032491.603.42$1,108
Dec 2012019186.773.42$653
Nov 2012020986.953.62$758
Oct 2012026089.383.40$884
Sep 2012027494.672.92$800
Aug 2012030292.662.91$878
Jul 2012029885.133.02$900
Jun 2012027079.822.52$680
May 2012025691.612.49$637
Apr 20120202101.652.00$403
Mar 20120245105.052.22$544
Feb 20120170101.102.57$437
Jan 2012025698.092.73$700
Dec 2011027396.873.24$884
Nov 2011029895.723.31$987
Oct 2011013084.983.65$474
Sep 2011029783.623.99$1,184
Aug 2011035583.404.15$1,473
Jul 2011035694.144.52$1,608
Jun 2011032592.904.64$1,508
May 2011036998.134.40$1,625
Apr 20110365105.964.33$1,582
Mar 2011038896.364.06$1,574
Feb 2011019885.644.18$828
Jan 2011030786.504.59$1,409
Dec 2010028585.734.35$1,239
Nov 201001480.843.80$53
Oct 2010023678.103.51$828
Sep 2010037472.633.98$1,488
Aug 2010030273.684.42$1,335
Jul 2010018372.554.74$867
Jun 2010040570.364.91$1,989
May 2010012871.124.24$542
Apr 20109223181.694.12$8,468
Mar 2010032978.394.39$1,444
Feb 2010035973.585.44$1,954
Jan 2010039774.365.96$2,368
Dec 2009038771.445.48$2,122
Nov 2009037074.593.75$1,388
Oct 2009037272.544.11$1,529
Sep 2009035765.543.06$1,094
Aug 2009021167.423.22$679
Jul 2009032461.133.46$1,123
Jun 2009032366.163.90$1,258
May 2009024154.743.93$946
Apr 20090646.773.59$22
Mar 2009044742.144.06$1,814
Feb 2009039532.814.63$1,830
Jan 2009046635.865.37$2,503
Dec 2008025337.105.98$1,512
Nov 20080055.496.86$0
Oct 200802875.246.92$194
Sep 2008042101.767.88$331
Aug 2008067114.228.48$568
Jul 2008053131.0811.39$604
Jun 20080201131.3313.03$2,620
May 20080141123.1711.57$1,632
Apr 20080417110.3110.45$4,360
Mar 20080498101.909.66$4,813
Feb 2008047792.538.77$4,184
Jan 2008049390.388.21$4,045
Dec 2007050388.337.30$3,673
Nov 2007041391.677.29$3,011
Oct 2007041482.856.92$2,866
Sep 2007047375.846.24$2,953
Aug 2007049969.066.39$3,188
Jul 2007031570.906.39$2,012
Jun 2007026562.007.55$2,000
May 2007037758.747.85$2,958
Apr 2007036159.617.81$2,818
Mar 2007041656.927.30$3,038
Feb 2007042855.108.22$3,516
Jan 2007033750.306.73$2,267
Dec 2006031856.656.92$2,200
Nov 2006028054.207.62$2,133
Oct 2006030154.906.01$1,810
Sep 2006040260.085.04$2,025
Aug 2006022668.717.34$1,659
Jul 2006050269.376.34$3,184
Jun 2006040766.286.38$2,598
May 2006048766.016.42$3,129
Apr 2006042564.397.36$3,128
Mar 2006050156.707.08$3,549
Feb 2006074457.597.75$5,767
Jan 2006011960.598.93$1,063
Dec 2005029354.9413.42$3,931
Nov 20050054.6910.59$0
Oct 20050158.3413.80$14
Sep 20050061.4512.08$0
Aug 2005041461.519.80$4,056
Jul 2005032155.697.84$2,518
Jun 2005063952.337.38$4,716
May 200507945.226.65$525
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 200507345.226.31$461
Jan 20050043.166.32$0
Dec 2004035039.866.75$2,363
Nov 2004041245.286.33$2,608
Oct 2004057849.706.52$3,766
Sep 2004053543.245.28$2,827
Aug 2004050942.375.55$2,825
Jul 2004250538.286.08$3,149
Jun 2004058736.106.43$3,776
May 2004045737.486.49$2,968
Apr 2004066034.475.86$3,867
Mar 2004048834.365.53$2,699
Feb 2004049632.455.51$2,733
Jan 2004059132.036.30$3,723
Dec 2003058330.266.30$3,674
Nov 2003051228.804.60$2,353
Oct 2003152728.174.76$2,537
Sep 2003051326.314.75$2,436
Aug 2003066629.765.13$3,416
Jul 2003066729.415.17$3,449
Jun 2003072728.565.98$4,350
May 2003083226.595.97$4,969
Apr 2003079226.675.41$4,283
Mar 2003078031.146.10$4,755
Feb 2003066333.487.93$5,255
Jan 2003043230.315.58$2,411
Dec 2002077426.914.85$3,757
Nov 2002083524.664.14$3,454
Oct 2002068726.464.23$2,905
Sep 2002080527.443.64$2,926
Aug 2002379625.963.16$2,597
Jul 2002073824.583.06$2,260
Jun 2002088123.733.34$2,941
May 2002074824.663.58$2,681
Apr 2002092023.653.51$3,231
Mar 2002070722.003.10$2,194
Feb 2002076418.222.38$1,815
Jan 2002075717.172.38$1,798
Dec 2001077216.932.36$1,825
Nov 2001076918.072.41$1,850
Oct 2001081019.782.53$2,048
Sep 2001016524.262.25$371
Aug 2001073424.873.05$2,241
Jul 2001079923.933.20$2,554
Jun 2001076924.563.82$2,941
May 2001091125.524.31$3,924
Apr 2001274124.685.34$4,003
Mar 2001082924.545.38$4,457
Feb 200101,08927.755.77$6,280
Jan 200101,00627.478.40$8,449
Dec 200001,10426.889.12$10,071
Nov 200001,09932.215.66$6,218
Oct 200001,00031.235.15$5,146
Sep 200001,18131.875.19$6,125
Aug 2000096429.644.54$4,377
Jul 200001,12528.534.09$4,601
Jun 200001,12529.304.40$4,947
May 200001,08127.263.68$3,978
Apr 200001,61824.513.12$5,042
Mar 200001,47928.422.86$4,230
Feb 20001951,11227.622.73$8,418
Jan 200001,20025.272.48$2,977
Dec 199901,43224.282.42$3,471
Nov 199901,37723.192.43$3,352
Oct 199901,06220.982.80$2,978
Sep 199901,41921.752.62$3,716
Aug 199901,53119.262.88$4,403
Jul 199901,48517.892.37$3,523
Jun 199901,28015.942.36$3,023
May 199901,21915.792.32$2,829
Apr 199901,48115.102.21$3,270
Mar 199901,52412.471.84$2,802
Feb 199901,4909.981.82$2,709
Jan 199901,70210.381.90$3,234
Dec 199801,4089.201.77$2,497
Nov 199801,45410.892.19$3,178
Oct 199801,57112.421.97$3,094
Sep 199801,47112.592.08$3,064
Aug 199801,54111.301.91$2,939
Jul 199801,23911.742.24$2,772
Jun 199801,30211.242.24$2,913
May 199801,53112.622.21$3,378
Apr 199801,53713.042.51$3,851
Mar 199801,62612.802.31$3,755
Feb 199801,22213.952.30$2,810
Jan 199801,71514.702.15$3,695
Dec 199701,64116.322.41$3,957
Nov 199701,44618.193.09$4,466
Oct 199701,35919.253.15$4,281
Sep 199701,41917.742.95$4,193
Aug 199701,45017.862.55$3,704
Jul 1997097717.582.25$2,195
Jun 199701,22017.242.26$2,754
May 199701,45618.972.31$3,361
Apr 199701,36317.882.08$2,839
Mar 199701,50118.951.94$2,911
Feb 199701,38720.492.21$3,060
Jan 199701,49123.483.54$5,278
Dec 199601,71223.32$0
Nov 199601,70121.97$0
Oct 199601,30823.31$0
Sep 199601,68222.22$0
Aug 199602,13820.26$0
Jul 199601,92519.55$0
Jun 199601,86818.73$0
May 199602,14819.43$0
Apr 199602,08721.51$0
Mar 199602,31319.38$0
Feb 199601,90016.98$0
Jan 1996065517.07$0
Dec 199501,08817.19$0
Nov 199501,65616.00$0
Oct 199502,25015.43$0
Sep 199502,16416.18$0
Aug 199511,52715.92$16
Jul 199501,48115.24$0
Jun 199502,06316.41$0
May 199502,79217.56$0
Apr 199512,20917.73$18
Mar 199501,45216.44$0
Feb 1995051416.58$0
Jan 199501,89315.92$0
Dec 199402,18115.03$0
Nov 199402,24415.90$0
Oct 199411,47815.58$16
Sep 199402,05015.29$0
Aug 199402,32616.13$0
Jul 199402,38817.56$0
Jun 199402,76617.09$0
May 199402,83015.88$0
Apr 199402,85514.14$0
Mar 199401,44212.46$0
Feb 199402,21112.50$0
Jan 199401,78512.66$0
Dec 199302,21012.33$0
Nov 199301,07814.49$0
Oct 199302,45115.85$0
Sep 199302,23215.03$0
Aug 199301,92015.66$0
Jul 199302,55815.46$0
Jun 199301,69116.79$0
May 199303,20317.68$0
Apr 199302,71418.05$0
Mar 199302,91618.14$0
Feb 199303,12017.90$0
Jan 199303,07216.93$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.

Aug 2014 — as filed, then multipliedworked
Condensate            27 bbl  × $ 89.39 =     $2,414
Gas                    0 Mcf  × $  4.04 =         $0

────────────────────────────────────────────────────
Month total                                   $2,414

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/81527 is the state's own key, not one this site invented.