MCGILL BROS.

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

Operated by EXXON MOBIL CORPORATION (P-5 257128) in the KELSEY ( M-1-M) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 4264District 04Field 48630260OilCasinghead gasSave Export

Value, all time

$228 k

Jan 1993 – Jun 2000

Value, last 12 filed months

$20 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The KELSEY ( M-1-M) 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 4 wells, and the rule below applies to all of them.

Discovered

1938-09-06

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 ft

minimum

From a lease line

466 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1967-08-24.

The Commission's schedule remark for this field reads: “CONSOL.) EFFECTIVE 2-1-2000.”

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	12,773 bbl	$211,608
Casinghead gas	Production	21,433 Mcf	$16,253
Total			$227,861

14,722 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 (3)

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 26.8131, -98.4027. A lease has no coordinate of its own — that point is the mean of its wells, and they span 2.3 miles.

26.81024, -98.40194 · 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%

3 of 3 wells

With a plug date

100.0%

3 of 3 wells

Median depth

6,400 ft

3 wells filed one

Completion to plug

13.0 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

3100.0%

A plug date is filed

3100.0%

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

3100.0%

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 5,002 and 6,740 ft, median 6,400 ft, over the 3 wells that filed a depth.

Completions filed

Jun 1992 – Oct 1997

2 of 3 wells; 1 filed none

Plug dates filed

Sep 1993 – Oct 2009

3 of 3 wells

Last completion to plug: a median of 13.0 years across the 2 wells that filed both dates, with the middle half between 10.8 years and 15.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells


42-04701008	75	5,002 ft	—	Sep 1993	Yes
42-04701565	357 F	6,400 ft	Oct 1997	May 2006	Yes
42-04701505	338 D	6,740 ft	Jun 1992	Oct 2009	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 (90)

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

90 months


Jun 2000	0	0	29.30	4.40	$0
May 2000	0	0	27.26	3.68	$0
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	0	0	28.42	2.86	$0
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	78	545	24.28	2.42	$3,215
Nov 1999	86	479	23.19	2.43	$3,160
Oct 1999	73	468	20.98	2.80	$2,844
Sep 1999	128	612	21.75	2.62	$4,387
Aug 1999	100	466	19.26	2.88	$3,266
Jul 1999	106	444	17.89	2.37	$2,950
Jun 1999	82	344	15.94	2.36	$2,120
May 1999	78	461	15.79	2.32	$2,302
Apr 1999	87	1,055	15.10	2.21	$3,643
Mar 1999	94	148	12.47	1.84	$1,444
Feb 1999	77	212	9.98	1.82	$1,154
Jan 1999	72	38	10.38	1.90	$820
Dec 1998	82	18	9.20	1.77	$786
Nov 1998	59	9	10.89	2.19	$662
Oct 1998	71	9	12.42	1.97	$900
Sep 1998	60	8	12.59	2.08	$772
Aug 1998	84	11	11.30	1.91	$970
Jul 1998	85	14	11.74	2.24	$1,029
Jun 1998	61	8	11.24	2.24	$704
May 1998	77	41	12.62	2.21	$1,062
Apr 1998	67	15	13.04	2.51	$911
Mar 1998	98	18	12.80	2.31	$1,296
Feb 1998	64	17	13.95	2.30	$932
Jan 1998	93	20	14.70	2.15	$1,410
Dec 1997	86	79	16.32	2.41	$1,594
Nov 1997	124	27	18.19	3.09	$2,339
Oct 1997	93	25	19.25	3.15	$1,869
Sep 1997	80	15	17.74	2.95	$1,464
Aug 1997	77	15	17.86	2.55	$1,414
Jul 1997	97	18	17.58	2.25	$1,746
Jun 1997	87	397	17.24	2.26	$2,396
May 1997	80	19	18.97	2.31	$1,561
Apr 1997	124	146	17.88	2.08	$2,521
Mar 1997	114	36	18.95	1.94	$2,230
Feb 1997	118	269	20.49	2.21	$3,011
Jan 1997	126	205	23.48	3.54	$3,684
Dec 1996	142	400	23.32	—	$3,311
Nov 1996	125	298	21.97	—	$2,746
Oct 1996	136	517	23.31	—	$3,170
Sep 1996	109	661	22.22	—	$2,422
Aug 1996	106	864	20.26	—	$2,148
Jul 1996	124	559	19.55	—	$2,424
Jun 1996	86	492	18.73	—	$1,611
May 1996	125	500	19.43	—	$2,429
Apr 1996	114	648	21.51	—	$2,452
Mar 1996	127	730	19.38	—	$2,461
Feb 1996	98	289	16.98	—	$1,664
Jan 1996	121	67	17.07	—	$2,065
Dec 1995	115	537	17.19	—	$1,977
Nov 1995	104	25	16.00	—	$1,664
Oct 1995	89	24	15.43	—	$1,373
Sep 1995	86	299	16.18	—	$1,391
Aug 1995	98	382	15.92	—	$1,560
Jul 1995	106	157	15.24	—	$1,615
Jun 1995	78	62	16.41	—	$1,280
May 1995	123	59	17.56	—	$2,160
Apr 1995	134	412	17.73	—	$2,376
Mar 1995	167	566	16.44	—	$2,745
Feb 1995	99	804	16.58	—	$1,641
Jan 1995	176	438	15.92	—	$2,802
Dec 1994	169	507	15.03	—	$2,540
Nov 1994	167	459	15.90	—	$2,655
Oct 1994	156	443	15.58	—	$2,430
Sep 1994	203	276	15.29	—	$3,104
Aug 1994	273	1	16.13	—	$4,403
Jul 1994	298	107	17.56	—	$5,233
Jun 1994	214	1	17.09	—	$3,657
May 1994	156	244	15.88	—	$2,477
Apr 1994	240	1	14.14	—	$3,394
Mar 1994	296	1	12.46	—	$3,688
Feb 1994	253	1	12.50	—	$3,163
Jan 1994	288	1	12.66	—	$3,646
Dec 1993	316	1	12.33	—	$3,896
Nov 1993	75	2,239	14.49	—	$1,087
Oct 1993	351	641	15.85	—	$5,563
Sep 1993	319	1	15.03	—	$4,795
Aug 1993	335	1	15.66	—	$5,246
Jul 1993	301	1	15.46	—	$4,653
Jun 1993	314	1	16.79	—	$5,272
May 1993	348	1	17.68	—	$6,153
Apr 1993	335	1	18.05	—	$6,047
Mar 1993	392	1	18.14	—	$7,111
Feb 1993	367	1	17.90	—	$6,569
Jan 1993	651	1	16.93	—	$11,021

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.

Dec 1999 — as filed, then multipliedworked

Oil                   78 bbl  × $ 24.28 =     $1,894
Casinghead gas       545 Mcf  × $  2.42 =     $1,321

────────────────────────────────────────────────────
Month total                                   $3,215

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/4264 is the state's own key, not one this site invented.