MORGAN-SUNRAY

Operated by WELDER EXPLORATION & PROD., INC. (P-5 907297) in the JABONCILLOS (STILLWELL) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 14040District 04Field 45244750OilCasinghead gasSave
Value, all time
$417 k
Feb 2017 – May 2018
Value, last 12 filed months
$314 k
at the published price for each month
Months reported
16
no gaps in the span
Streams
2
oil, casinghead gas

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
OilDisposition1,456 bbl$70,432
Casinghead gasProduction112,801 Mcf$346,504
Total$416,936

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 27.5102, -98.3106. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.51019, -98.31056 · 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
0.0%
0 of 1 wells
Median depth
5,985 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
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 5,985 ft.

Completions filed
Feb 2017
1 of 1 wells

1 well

42-1313959215,985 ftFeb 2017Yes

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 (16)

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

16 months

May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 201863062.874.01$3,961
Dec 2017012,25457.272.92$35,800
Nov 201719012,88855.423.12$50,719
Oct 201737214,18249.292.98$60,650
Sep 2017010,01447.523.09$30,916
Aug 2017669,31145.373.00$30,968
Jul 201738713,55943.873.09$58,838
Jun 2017013,51642.493.09$41,728
May 201718911,09245.373.26$44,773
Apr 20171898,26647.933.21$35,606
Mar 201705,97446.772.98$17,825
Feb 201701,74550.452.95$5,152

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.

Jan 2018 — as filed, then multipliedworked
Oil                   63 bbl  × $ 62.87 =     $3,961
Casinghead gas         0 Mcf  × $  4.01 =         $0

────────────────────────────────────────────────────
Month total                                   $3,961

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/14040 is the state's own key, not one this site invented.