MORGAN, R. PROPERTIES

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

Operated by GASPER RICE RESOURCES, LTD. (P-5 297089) in the RAND MORGAN (5250 SAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 4378District 04Field 74582666OilCasinghead gasSave Export

Value, all time

$515 k

Jan 1993 – Feb 2014

Value, last 12 filed months

$4 k

at the published price for each month

Months reported

254

no gaps in the span

Streams

oil, casinghead gas

The RAND MORGAN (5250 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 2 leases and 3 wells, and the rule below applies to all of them.

Discovered

1958-06-03

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

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	27,557 bbl	$515,429
Casinghead gas	Production	1,656 Mcf	$0
Total			$515,429

1,656 Mcf of this lease's gas, across 40 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 27.8856, -97.9368. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

27.88563, -97.93681 · 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

100.0%

2 of 2 wells

Median depth

5,575 ft

2 wells filed one

Completion to plug

38.1 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

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

2100.0%

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 5,400 and 5,750 ft, median 5,575 ft, over the 2 wells that filed a depth.

Completions filed

Aug 1975

1 of 2 wells; 1 filed none

Plug dates filed

Aug 1997 – Sep 2013

2 of 2 wells

Last completion to plug: a median of 38.1 years across the 1 well that filed both dates, with the middle half between 38.1 years and 38.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-24900529	8	5,400 ft	—	Aug 1997	Yes
42-24930375	8 A	5,750 ft	Aug 1975	Sep 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 (254)

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

254 months


Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	42	0	88.85	3.74	$3,732
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	131	0	86.77	3.42	$11,367
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	178	0	24.66	3.58	$4,389
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	326	0	22.00	3.10	$7,172
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	171	0	24.87	3.05	$4,253
Jul 2001	350	0	23.93	3.20	$8,376
Jun 2001	0	0	24.56	3.82	$0
May 2001	178	0	25.52	4.31	$4,543
Apr 2001	351	0	24.68	5.34	$8,663
Mar 2001	179	0	24.54	5.38	$4,393
Feb 2001	177	0	27.75	5.77	$4,912
Jan 2001	178	0	27.47	8.40	$4,890
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	369	0	32.21	5.66	$11,885
Oct 2000	176	0	31.23	5.15	$5,496
Sep 2000	173	0	31.87	5.19	$5,514
Aug 2000	153	0	29.64	4.54	$4,535
Jul 2000	177	0	28.53	4.09	$5,050
Jun 2000	180	0	29.30	4.40	$5,274
May 2000	161	0	27.26	3.68	$4,389
Apr 2000	363	0	24.51	3.12	$8,897
Mar 2000	178	0	28.42	2.86	$5,059
Feb 2000	213	0	27.62	2.73	$5,883
Jan 2000	349	0	25.27	2.48	$8,819
Dec 1999	364	0	24.28	2.42	$8,838
Nov 1999	181	0	23.19	2.43	$4,197
Oct 1999	188	0	20.98	2.80	$3,944
Sep 1999	181	0	21.75	2.62	$3,937
Aug 1999	319	0	19.26	2.88	$6,144
Jul 1999	350	0	17.89	2.37	$6,262
Jun 1999	373	0	15.94	2.36	$5,946
May 1999	391	0	15.79	2.32	$6,174
Apr 1999	179	0	15.10	2.21	$2,703
Mar 1999	195	0	12.47	1.84	$2,432
Feb 1999	381	0	9.98	1.82	$3,802
Jan 1999	146	0	10.38	1.90	$1,515
Dec 1998	383	0	9.20	1.77	$3,524
Nov 1998	355	0	10.89	2.19	$3,866
Oct 1998	187	0	12.42	1.97	$2,323
Sep 1998	200	0	12.59	2.08	$2,518
Aug 1998	363	0	11.30	1.91	$4,102
Jul 1998	180	0	11.74	2.24	$2,113
Jun 1998	351	0	11.24	2.24	$3,945
May 1998	356	0	12.62	2.21	$4,493
Apr 1998	179	0	13.04	2.51	$2,334
Mar 1998	184	0	12.80	2.31	$2,355
Feb 1998	182	0	13.95	2.30	$2,539
Jan 1998	354	0	14.70	2.15	$5,204
Dec 1997	182	0	16.32	2.41	$2,970
Nov 1997	187	0	18.19	3.09	$3,402
Oct 1997	348	0	19.25	3.15	$6,699
Sep 1997	375	0	17.74	2.95	$6,653
Aug 1997	181	0	17.86	2.55	$3,233
Jul 1997	179	0	17.58	2.25	$3,147
Jun 1997	349	0	17.24	2.26	$6,017
May 1997	182	0	18.97	2.31	$3,453
Apr 1997	375	0	17.88	2.08	$6,705
Mar 1997	355	0	18.95	1.94	$6,727
Feb 1997	365	0	20.49	2.21	$7,479
Jan 1997	338	0	23.48	3.54	$7,936
Dec 1996	364	0	23.32	—	$8,488
Nov 1996	177	0	21.97	—	$3,889
Oct 1996	175	0	23.31	—	$4,079
Sep 1996	188	0	22.22	—	$4,177
Aug 1996	340	93	20.26	—	$6,888
Jul 1996	191	57	19.55	—	$3,734
Jun 1996	185	90	18.73	—	$3,465
May 1996	183	0	19.43	—	$3,556
Apr 1996	344	69	21.51	—	$7,399
Mar 1996	1	47	19.38	—	$19
Feb 1996	364	78	16.98	—	$6,181
Jan 1996	184	39	17.07	—	$3,141
Dec 1995	374	60	17.19	—	$6,429
Nov 1995	181	72	16.00	—	$2,896
Oct 1995	194	93	15.43	—	$2,993
Sep 1995	373	90	16.18	—	$6,035
Aug 1995	186	93	15.92	—	$2,961
Jul 1995	168	66	15.24	—	$2,560
Jun 1995	371	87	16.41	—	$6,088
May 1995	361	93	17.56	—	$6,339
Apr 1995	373	90	17.73	—	$6,613
Mar 1995	374	93	16.44	—	$6,149
Feb 1995	182	72	16.58	—	$3,018
Jan 1995	564	93	15.92	—	$8,979
Dec 1994	369	84	15.03	—	$5,546
Nov 1994	380	78	15.90	—	$6,042
Oct 1994	533	0	15.58	—	$8,304
Sep 1994	0	0	15.29	—	$0
Aug 1994	366	1	16.13	—	$5,904
Jul 1994	374	1	17.56	—	$6,567
Jun 1994	187	0	17.09	—	$3,196
May 1994	0	1	15.88	—	$0
Apr 1994	0	1	14.14	—	$0
Mar 1994	362	1	12.46	—	$4,511
Feb 1994	0	1	12.50	—	$0
Jan 1994	200	1	12.66	—	$2,532
Dec 1993	372	1	12.33	—	$4,587
Nov 1993	353	1	14.49	—	$5,115
Oct 1993	369	1	15.85	—	$5,849
Sep 1993	184	1	15.03	—	$2,766
Aug 1993	363	1	15.66	—	$5,685
Jul 1993	373	1	15.46	—	$5,767
Jun 1993	180	1	16.79	—	$3,022
May 1993	385	1	17.68	—	$6,807
Apr 1993	364	1	18.05	—	$6,570
Mar 1993	565	1	18.14	—	$10,249
Feb 1993	0	1	17.90	—	$0
Jan 1993	190	1	16.93	—	$3,217

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.

Nov 2013 — as filed, then multipliedworked

Oil                   42 bbl  × $ 88.85 =     $3,732
Casinghead gas         0 Mcf  × $  3.74 =         $0

────────────────────────────────────────────────────
Month total                                   $3,732

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/4378 is the state's own key, not one this site invented.