MILLS BENNETT ESTATE FEE

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

Operated by GAITHER PETROLEUM CORPORATION (P-5 292850) in the MILLS BENNETT (K SAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 10423District 04Field 61673700NGPA filingOilCasinghead gasSave Export

Value, all time

$153 k

Jan 1993 – Aug 1997

Value, last 12 filed months

$68 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The MILLS BENNETT (K SAND) 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 1 leases and 2 wells, and the rule below applies to all of them.

Discovered

1984-02-20

as the register files it

Field class

Oil

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

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
Oil	Disposition	7,172 bbl	$133,440
Casinghead gas	Production	104,363 Mcf	$19,695
Total			$153,135

96,467 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 (2)

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 27.1884, -98.3334. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

27.18838, -98.33338 · 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%

2 of 2 wells

With a plug date

50.0%

1 of 2 wells

Median depth

6,055 ft

2 wells filed one

Completion to plug

26.8 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

150.0%

BothOn the schedule and plugged. Neither fact cancels the other.

150.0%

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

Between 6,010 and 6,100 ft, median 6,055 ft, over the 2 wells that filed a depth.

Completions filed

Feb 1984 – Nov 1998

2 of 2 wells

Plug dates filed

Aug 2025

1 of 2 wells; 1 filed none

Last completion to plug: a median of 26.8 years across the 1 well that filed both dates, with the middle half between 26.8 years and 26.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-04700401	33	6,010 ft	Nov 1998	Aug 2025	Yes
42-04731219	55	6,100 ft	Feb 1984	—	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 (56)

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

56 months


Aug 1997	0	0	17.86	2.55	$0
Jul 1997	0	0	17.58	2.25	$0
Jun 1997	0	0	17.24	2.26	$0
May 1997	308	1,476	18.97	2.31	$9,250
Apr 1997	251	1,409	17.88	2.08	$7,423
Mar 1997	205	1,447	18.95	1.94	$6,691
Feb 1997	181	1,551	20.49	2.21	$7,130
Jan 1997	243	2,013	23.48	3.54	$12,831
Dec 1996	283	1,098	23.32	—	$6,600
Nov 1996	260	1,592	21.97	—	$5,712
Oct 1996	287	1,845	23.31	—	$6,690
Sep 1996	270	1,757	22.22	—	$5,999
Aug 1996	321	2,054	20.26	—	$6,503
Jul 1996	311	2,344	19.55	—	$6,080
Jun 1996	264	1,846	18.73	—	$4,945
May 1996	288	1,778	19.43	—	$5,596
Apr 1996	270	1,404	21.51	—	$5,808
Mar 1996	235	1,673	19.38	—	$4,554
Feb 1996	139	748	16.98	—	$2,360
Jan 1996	169	4,185	17.07	—	$2,885
Dec 1995	141	1,795	17.19	—	$2,424
Nov 1995	81	1,022	16.00	—	$1,296
Oct 1995	81	1,257	15.43	—	$1,250
Sep 1995	85	1,818	16.18	—	$1,375
Aug 1995	91	1,505	15.92	—	$1,449
Jul 1995	87	1,595	15.24	—	$1,326
Jun 1995	87	1,390	16.41	—	$1,428
May 1995	95	998	17.56	—	$1,668
Apr 1995	90	2,000	17.73	—	$1,596
Mar 1995	91	2,332	16.44	—	$1,496
Feb 1995	82	2,321	16.58	—	$1,360
Jan 1995	91	2,287	15.92	—	$1,449
Dec 1994	90	2,024	15.03	—	$1,353
Nov 1994	87	2,018	15.90	—	$1,383
Oct 1994	91	2,058	15.58	—	$1,418
Sep 1994	90	1,984	15.29	—	$1,376
Aug 1994	101	2,254	16.13	—	$1,629
Jul 1994	90	2,331	17.56	—	$1,580
Jun 1994	111	2,000	17.09	—	$1,897
May 1994	109	2,419	15.88	—	$1,731
Apr 1994	85	2,240	14.14	—	$1,202
Mar 1994	112	2,373	12.46	—	$1,396
Feb 1994	50	1,735	12.50	—	$625
Jan 1994	52	1,500	12.66	—	$658
Dec 1993	39	2,221	12.33	—	$481
Nov 1993	49	2,397	14.49	—	$710
Oct 1993	63	2,368	15.85	—	$999
Sep 1993	62	2,276	15.03	—	$932
Aug 1993	64	2,360	15.66	—	$1,002
Jul 1993	70	2,840	15.46	—	$1,082
Jun 1993	43	3,048	16.79	—	$722
May 1993	49	2,000	17.68	—	$866
Apr 1993	54	2,121	18.05	—	$975
Mar 1993	75	2,095	18.14	—	$1,361
Feb 1993	65	1,960	17.90	—	$1,164
Jan 1993	84	3,201	16.93	—	$1,422

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 1997 — as filed, then multipliedworked

Oil                  308 bbl  × $ 18.97 =     $5,843
Casinghead gas     1,476 Mcf  × $  2.31 =     $3,407

────────────────────────────────────────────────────
Month total                                   $9,250

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/O/10423 is the state's own key, not one this site invented.