RICHARD KING ESTATE

Name: RICHARD KING ESTATE lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by CHESAPEAKE OPERATING, INC. (P-5 147715) in the BAILEY (5350) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 93929District 04Field 05031553NGPA filingCondensateGasSave Export

Value, all time

$562 k

Jan 1993 – Jul 2013

Value, last 12 filed months

$14 k

at the published price for each month

Months reported

247

no gaps in the span

Streams

condensate, gas

The BAILEY (5350) field

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 2 leases and 2 wells, and the rule below applies to all of them.

Discovered

1980-08-30

as the register files it

Field class

Gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “ONE WELL FIELD EFF. 01/01/89”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	148 bbl	$2,341
Gas	Production	159,535 Mcf	$559,231
Total			$561,572

44,212 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 27.8001, -97.9150. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.80006, -97.91502 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

5,650 ft

1 wells filed one

Completion to plug

32.9 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 5,650 ft.

Completions filed

Aug 1980

1 of 1 wells

Plug dates filed

Jul 2013

1 of 1 wells

Last completion to plug: a median of 32.9 years across the 1 well that filed both dates, with the middle half between 32.9 years and 32.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-35531598	1	5,650 ft	Aug 1980	Jul 2013	Yes

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 (247)

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

247 months


Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	132	94.83	4.15	$548
Apr 2013	0	445	93.96	4.28	$1,906
Mar 2013	0	452	93.62	3.91	$1,769
Feb 2013	0	317	91.23	3.42	$1,084
Jan 2013	0	469	91.60	3.42	$1,604
Dec 2012	0	412	86.77	3.42	$1,409
Nov 2012	0	440	86.95	3.62	$1,595
Oct 2012	0	463	89.38	3.40	$1,574
Sep 2012	0	541	94.67	2.92	$1,579
Aug 2012	0	383	92.66	2.91	$1,114
Jul 2012	0	567	85.13	3.02	$1,713
Jun 2012	0	305	79.82	2.52	$768
May 2012	0	447	91.61	2.49	$1,112
Apr 2012	0	374	101.65	2.00	$747
Mar 2012	0	389	105.05	2.22	$864
Feb 2012	0	511	101.10	2.57	$1,313
Jan 2012	0	360	98.09	2.73	$984
Dec 2011	0	545	96.87	3.24	$1,766
Nov 2011	0	472	95.72	3.31	$1,563
Oct 2011	0	543	84.98	3.65	$1,981
Sep 2011	0	366	83.62	3.99	$1,459
Aug 2011	0	575	83.40	4.15	$2,386
Jul 2011	0	421	94.14	4.52	$1,902
Jun 2011	0	575	92.90	4.64	$2,668
May 2011	0	414	98.13	4.40	$1,824
Apr 2011	0	539	105.96	4.33	$2,336
Mar 2011	0	519	96.36	4.06	$2,106
Feb 2011	0	381	85.64	4.18	$1,593
Jan 2011	0	662	86.50	4.59	$3,038
Dec 2010	0	383	85.73	4.35	$1,665
Nov 2010	0	515	80.84	3.80	$1,955
Oct 2010	0	670	78.10	3.51	$2,351
Sep 2010	0	641	72.63	3.98	$2,551
Aug 2010	0	317	73.68	4.42	$1,401
Jul 2010	0	715	72.55	4.74	$3,387
Jun 2010	0	309	70.36	4.91	$1,517
May 2010	0	494	71.12	4.24	$2,092
Apr 2010	0	519	81.69	4.12	$2,140
Mar 2010	0	480	78.39	4.39	$2,107
Feb 2010	0	449	73.58	5.44	$2,444
Jan 2010	0	467	74.36	5.96	$2,785
Dec 2009	0	764	71.44	5.48	$4,190
Nov 2009	0	302	74.59	3.75	$1,133
Oct 2009	0	434	72.54	4.11	$1,784
Sep 2009	0	645	65.54	3.06	$1,977
Aug 2009	0	394	67.42	3.22	$1,268
Jul 2009	0	618	61.13	3.46	$2,141
Jun 2009	0	408	66.16	3.90	$1,589
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	681	46.77	3.59	$2,443
Mar 2009	0	341	42.14	4.06	$1,384
Feb 2009	0	533	32.81	4.63	$2,469
Jan 2009	0	649	35.86	5.37	$3,486
Dec 2008	0	693	37.10	5.98	$4,142
Nov 2008	0	474	55.49	6.86	$3,252
Oct 2008	0	666	75.24	6.92	$4,610
Sep 2008	0	721	101.76	7.88	$5,679
Aug 2008	0	1,086	114.22	8.48	$9,213
Jul 2008	0	1,356	131.08	11.39	$15,444
Jun 2008	0	424	131.33	13.03	$5,526
May 2008	0	781	123.17	11.57	$9,040
Apr 2008	0	263	110.31	10.45	$2,750
Mar 2008	0	98	101.90	9.66	$947
Feb 2008	0	238	92.53	8.77	$2,087
Jan 2008	0	730	90.38	8.21	$5,990
Dec 2007	0	537	88.33	7.30	$3,921
Nov 2007	0	248	91.67	7.29	$1,808
Oct 2007	0	337	82.85	6.92	$2,333
Sep 2007	0	363	75.84	6.24	$2,267
Aug 2007	0	323	69.06	6.39	$2,063
Jul 2007	0	331	70.90	6.39	$2,114
Jun 2007	0	500	62.00	7.55	$3,774
May 2007	0	491	58.74	7.85	$3,853
Apr 2007	0	481	59.61	7.81	$3,754
Mar 2007	0	666	56.92	7.30	$4,863
Feb 2007	0	229	55.10	8.22	$1,881
Jan 2007	0	594	50.30	6.73	$3,996
Dec 2006	0	599	56.65	6.92	$4,144
Nov 2006	0	601	54.20	7.62	$4,578
Oct 2006	0	673	54.90	6.01	$4,047
Sep 2006	0	494	60.08	5.04	$2,488
Aug 2006	0	673	68.71	7.34	$4,940
Jul 2006	0	612	69.37	6.34	$3,882
Jun 2006	0	640	66.28	6.38	$4,086
May 2006	0	640	66.01	6.42	$4,112
Apr 2006	0	650	64.39	7.36	$4,784
Mar 2006	0	664	56.70	7.08	$4,703
Feb 2006	0	771	57.59	7.75	$5,976
Jan 2006	0	885	60.59	8.93	$7,906
Dec 2005	0	668	54.94	13.42	$8,961
Nov 2005	0	634	54.69	10.59	$6,713
Oct 2005	0	795	58.34	13.80	$10,968
Sep 2005	0	696	61.45	12.08	$8,407
Aug 2005	0	756	61.51	9.80	$7,406
Jul 2005	0	753	55.69	7.84	$5,906
Jun 2005	0	1,025	52.33	7.38	$7,566
May 2005	0	424	45.22	6.65	$2,820
Apr 2005	0	419	49.20	7.36	$3,084
Mar 2005	0	374	50.37	7.15	$2,676
Feb 2005	0	640	45.22	6.31	$4,040
Jan 2005	0	591	43.16	6.32	$3,736
Dec 2004	0	638	39.86	6.75	$4,307
Nov 2004	0	534	45.28	6.33	$3,380
Oct 2004	0	167	49.70	6.52	$1,088
Sep 2004	0	189	43.24	5.28	$999
Aug 2004	0	661	42.37	5.55	$3,669
Jul 2004	0	700	38.28	6.08	$4,259
Jun 2004	0	662	36.10	6.43	$4,259
May 2004	0	361	37.48	6.49	$2,345
Apr 2004	0	406	34.47	5.86	$2,379
Mar 2004	0	575	34.36	5.53	$3,180
Feb 2004	0	543	32.45	5.51	$2,992
Jan 2004	0	617	32.03	6.30	$3,887
Dec 2003	0	781	30.26	6.30	$4,922
Nov 2003	0	590	28.80	4.60	$2,711
Oct 2003	0	849	28.17	4.76	$4,041
Sep 2003	0	385	26.31	4.75	$1,829
Aug 2003	0	716	29.76	5.13	$3,673
Jul 2003	0	766	29.41	5.17	$3,961
Jun 2003	0	763	28.56	5.98	$4,565
May 2003	0	889	26.59	5.97	$5,310
Apr 2003	0	1,092	26.67	5.41	$5,905
Mar 2003	0	436	31.14	6.10	$2,658
Feb 2003	0	393	33.48	7.93	$3,115
Jan 2003	0	441	30.31	5.58	$2,462
Dec 2002	0	477	26.91	4.85	$2,315
Nov 2002	0	402	24.66	4.14	$1,663
Oct 2002	0	327	26.46	4.23	$1,383
Sep 2002	0	193	27.44	3.64	$702
Aug 2002	0	292	25.96	3.16	$924
Jul 2002	0	285	24.58	3.06	$873
Jun 2002	0	257	23.73	3.34	$858
May 2002	0	198	24.66	3.58	$710
Apr 2002	0	368	23.65	3.51	$1,293
Mar 2002	0	382	22.00	3.10	$1,185
Feb 2002	0	591	18.22	2.38	$1,404
Jan 2002	0	721	17.17	2.38	$1,713
Dec 2001	0	402	16.93	2.36	$950
Nov 2001	0	618	18.07	2.41	$1,487
Oct 2001	0	681	19.78	2.53	$1,722
Sep 2001	0	333	24.26	2.25	$750
Aug 2001	0	488	24.87	3.05	$1,490
Jul 2001	0	723	23.93	3.20	$2,311
Jun 2001	0	434	24.56	3.82	$1,660
May 2001	0	726	25.52	4.31	$3,127
Apr 2001	0	729	24.68	5.34	$3,889
Mar 2001	0	779	24.54	5.38	$4,188
Feb 2001	0	621	27.75	5.77	$3,581
Jan 2001	0	597	27.47	8.40	$5,014
Dec 2000	0	637	26.88	9.12	$5,811
Nov 2000	0	509	32.21	5.66	$2,880
Oct 2000	0	652	31.23	5.15	$3,355
Sep 2000	0	706	31.87	5.19	$3,662
Aug 2000	0	743	29.64	4.54	$3,374
Jul 2000	0	838	28.53	4.09	$3,427
Jun 2000	0	649	29.30	4.40	$2,854
May 2000	0	838	27.26	3.68	$3,084
Apr 2000	0	767	24.51	3.12	$2,390
Mar 2000	0	794	28.42	2.86	$2,271
Feb 2000	0	800	27.62	2.73	$2,181
Jan 2000	0	810	25.27	2.48	$2,009
Dec 1999	0	829	24.28	2.42	$2,009
Nov 1999	0	759	23.19	2.43	$1,847
Oct 1999	0	838	20.98	2.80	$2,350
Sep 1999	0	834	21.75	2.62	$2,184
Aug 1999	1	822	19.26	2.88	$2,383
Jul 1999	0	802	17.89	2.37	$1,903
Jun 1999	0	812	15.94	2.36	$1,918
May 1999	1	747	15.79	2.32	$1,750
Apr 1999	0	738	15.10	2.21	$1,630
Mar 1999	2	792	12.47	1.84	$1,481
Feb 1999	2	709	9.98	1.82	$1,309
Jan 1999	0	768	10.38	1.90	$1,459
Dec 1998	0	757	9.20	1.77	$1,342
Nov 1998	0	794	10.89	2.19	$1,735
Oct 1998	0	836	12.42	1.97	$1,646
Sep 1998	0	821	12.59	2.08	$1,710
Aug 1998	0	870	11.30	1.91	$1,659
Jul 1998	0	874	11.74	2.24	$1,955
Jun 1998	0	811	11.24	2.24	$1,814
May 1998	0	824	12.62	2.21	$1,818
Apr 1998	0	672	13.04	2.51	$1,684
Mar 1998	0	766	12.80	2.31	$1,769
Feb 1998	0	678	13.95	2.30	$1,559
Jan 1998	0	821	14.70	2.15	$1,769
Dec 1997	0	826	16.32	2.41	$1,992
Nov 1997	0	577	18.19	3.09	$1,782
Oct 1997	0	415	19.25	3.15	$1,307
Sep 1997	0	811	17.74	2.95	$2,396
Aug 1997	0	913	17.86	2.55	$2,332
Jul 1997	0	769	17.58	2.25	$1,728
Jun 1997	0	881	17.24	2.26	$1,989
May 1997	0	829	18.97	2.31	$1,914
Apr 1997	0	883	17.88	2.08	$1,839
Mar 1997	0	273	18.95	1.94	$529
Feb 1997	0	759	20.49	2.21	$1,674
Jan 1997	0	838	23.48	3.54	$2,966
Dec 1996	0	850	23.32	—	$0
Nov 1996	0	880	21.97	—	$0
Oct 1996	0	914	23.31	—	$0
Sep 1996	0	942	22.22	—	$0
Aug 1996	0	709	20.26	—	$0
Jul 1996	0	705	19.55	—	$0
Jun 1996	0	883	18.73	—	$0
May 1996	0	947	19.43	—	$0
Apr 1996	0	976	21.51	—	$0
Mar 1996	0	1,038	19.38	—	$0
Feb 1996	0	886	16.98	—	$0
Jan 1996	0	982	17.07	—	$0
Dec 1995	0	413	17.19	—	$0
Nov 1995	0	969	16.00	—	$0
Oct 1995	0	857	15.43	—	$0
Sep 1995	0	730	16.18	—	$0
Aug 1995	142	600	15.92	—	$2,261
Jul 1995	0	846	15.24	—	$0
Jun 1995	0	878	16.41	—	$0
May 1995	0	1,035	17.56	—	$0
Apr 1995	0	1,065	17.73	—	$0
Mar 1995	0	1,052	16.44	—	$0
Feb 1995	0	978	16.58	—	$0
Jan 1995	0	1,242	15.92	—	$0
Dec 1994	0	1,480	15.03	—	$0
Nov 1994	0	1,702	15.90	—	$0
Oct 1994	0	393	15.58	—	$0
Sep 1994	0	380	15.29	—	$0
Aug 1994	0	466	16.13	—	$0
Jul 1994	0	605	17.56	—	$0
Jun 1994	0	949	17.09	—	$0
May 1994	0	1,021	15.88	—	$0
Apr 1994	0	1,011	14.14	—	$0
Mar 1994	0	929	12.46	—	$0
Feb 1994	0	878	12.50	—	$0
Jan 1994	0	881	12.66	—	$0
Dec 1993	0	880	12.33	—	$0
Nov 1993	0	855	14.49	—	$0
Oct 1993	0	956	15.85	—	$0
Sep 1993	0	950	15.03	—	$0
Aug 1993	0	1,074	15.66	—	$0
Jul 1993	0	1,157	15.46	—	$0
Jun 1993	0	931	16.79	—	$0
May 1993	0	1,215	17.68	—	$0
Apr 1993	0	981	18.05	—	$0
Mar 1993	0	1,086	18.14	—	$0
Feb 1993	0	988	17.90	—	$0
Jan 1993	0	1,067	16.93	—	$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.

May 2013 — as filed, then multipliedworked

Condensate             0 bbl  × $ 94.83 =         $0
Gas                  132 Mcf  × $  4.15 =       $548

────────────────────────────────────────────────────
Month total                                     $548

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/93929 is the state's own key, not one this site invented.