MCCAIN

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the PRAIRIE LAKE, SE (PETTIT) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 123525District 05Field 72909300CondensateGasSaveExport
Value, all time
$403 k
Jan 1993 – Oct 2022
Value, last 12 filed months
$0
at the published price for each month
Months reported
358
no gaps in the span
Streams
2
condensate, gas

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 3 leases and 3 wells, and the rule below applies to all of them.

Discovered
1985-06-26
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: ALLOCATION FORMULA EFFECTIVE 05/01/87.

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
CondensateDisposition124 bbl$1,445
GasProduction196,366 Mcf$401,756
Total$403,200

85,024 Mcf of this lease's gas, across 47 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 31.7113, -95.9069. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.71130, -95.90688 · 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
100.0%
1 of 1 wells
Median depth
10,300 ft
1 wells filed one
Completion to plug
25.8 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 10,300 ft.

Completions filed
Jan 1997
1 of 1 wells
Plug dates filed
Oct 2022
1 of 1 wells

Last completion to plug: a median of 25.8 years across the 1 well that filed both dates, with the middle half between 25.8 years and 25.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-16130954110,300 ftJan 1997Oct 2022Yes

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 (358)

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

358 months

Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050345.226.65$20
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20052743.166.32$131
Dec 200401639.866.75$108
Nov 200404045.286.33$253
Oct 200402649.706.52$169
Sep 2004014143.245.28$745
Aug 200401542.375.55$83
Jul 20040138.286.08$6
Jun 20040036.106.43$0
May 2004072837.486.49$4,728
Apr 200401,38234.475.86$8,096
Mar 200401,31434.365.53$7,267
Feb 200401,41632.455.51$7,802
Jan 200401,34732.036.30$8,486
Dec 200301,51830.266.30$9,566
Nov 200301,26628.804.60$5,817
Oct 2003077228.174.76$3,674
Sep 2003053126.314.75$2,522
Aug 2003093429.765.13$4,791
Jul 2003069429.415.17$3,589
Jun 2003035528.565.98$2,124
May 2003069726.595.97$4,163
Apr 2003087526.675.41$4,731
Mar 200301,14131.146.10$6,956
Feb 2003038433.487.93$3,044
Jan 200301,36130.315.58$7,597
Dec 2002025326.914.85$1,228
Nov 2002092024.664.14$3,806
Oct 200201,53126.464.23$6,475
Sep 2002090527.443.64$3,290
Aug 200201,75125.963.16$5,540
Jul 200201,88324.583.06$5,765
Jun 2002092323.733.34$3,081
May 200201,22824.663.58$4,401
Apr 200201,20823.653.51$4,243
Mar 2002099122.003.10$3,075
Feb 2002036218.222.38$860
Jan 2002099417.172.38$2,361
Dec 200101,26616.932.36$2,993
Nov 200101,11418.072.41$2,680
Oct 2001043919.782.53$1,110
Sep 200101,19124.262.25$2,681
Aug 200101,06524.873.05$3,252
Jul 200101,12723.933.20$3,603
Jun 200101,59324.563.82$6,092
May 200101,36825.524.31$5,892
Apr 200101,43624.685.34$7,662
Mar 200101,93624.545.38$10,409
Feb 200101,51027.755.77$8,708
Jan 200101,60527.478.40$13,480
Dec 200001,31526.889.12$11,996
Nov 200001,48932.215.66$8,425
Oct 200001,88931.235.15$9,720
Sep 200001,65631.875.19$8,589
Aug 200001,35729.644.54$6,162
Jul 200001,22328.534.09$5,002
Jun 200001,67929.304.40$7,383
May 200002,12927.263.68$7,834
Apr 200001,70624.513.12$5,316
Mar 200002,03128.422.86$5,808
Feb 200002,02027.622.73$5,508
Jan 200001,94925.272.48$4,834
Dec 199901,85824.282.42$4,503
Nov 199901,63323.192.43$3,975
Oct 1999082720.982.80$2,319
Sep 199901,72621.752.62$4,520
Aug 1999043319.262.88$1,245
Jul 199901,90717.892.37$4,524
Jun 1999069915.942.36$1,651
May 199907015.792.32$162
Apr 1999027415.102.21$605
Mar 19990012.471.84$0
Feb 199901,4459.981.82$2,627
Jan 1999981,48710.381.90$3,842
Dec 199801,2699.201.77$2,250
Nov 199801,83610.892.19$4,013
Oct 199802,23512.421.97$4,401
Sep 199801,05312.592.08$2,193
Aug 199801,38511.301.91$2,642
Jul 199801,40011.742.24$3,132
Jun 1998091211.242.24$2,040
May 199801,22212.622.21$2,696
Apr 199801,47513.042.51$3,695
Mar 199802,14312.802.31$4,949
Feb 199801,45713.952.30$3,350
Jan 199801,71514.702.15$3,695
Dec 199701,39916.322.41$3,373
Nov 199701,49818.193.09$4,626
Oct 199701,58119.253.15$4,980
Sep 199701,85217.742.95$5,472
Aug 199702,16117.862.55$5,521
Jul 199702,05517.582.25$4,617
Jun 199701,03717.242.26$2,341
May 199701,14818.972.31$2,650
Apr 199701,48517.882.08$3,093
Mar 1997056918.951.94$1,103
Feb 19970020.492.21$0
Jan 199709023.483.54$319
Dec 19960023.32$0
Nov 1996074421.97$0
Oct 199607323.31$0
Sep 1996045422.22$0
Aug 199601,32820.26$0
Jul 199601,42719.55$0
Jun 199601,93718.73$0
May 199602,06619.43$0
Apr 199602,16721.51$0
Mar 199601,55319.38$0
Feb 199601,87516.98$0
Jan 199602,05517.07$0
Dec 199501,51417.19$0
Nov 199501,19116.00$0
Oct 199501,37415.43$0
Sep 199502,24816.18$0
Aug 199501,59215.92$0
Jul 199501,59715.24$0
Jun 199501,82116.41$0
May 199501,42117.56$0
Apr 199502,00917.73$0
Mar 199501,56916.44$0
Feb 199502,32516.58$0
Jan 199512,96915.92$16
Dec 199402,32415.03$0
Nov 199402,55515.90$0
Oct 199401,94815.58$0
Sep 199402,48315.29$0
Aug 199402,51716.13$0
Jul 199402,15917.56$0
Jun 199401,92517.09$0
May 199402,46615.88$0
Apr 1994232,89114.14$325
Mar 199403,03412.46$0
Feb 199403,03612.50$0
Jan 199402,86012.66$0
Dec 199303,20112.33$0
Nov 199302,77914.49$0
Oct 199302,70515.85$0
Sep 199301,57115.03$0
Aug 199301,63515.66$0
Jul 199302,14615.46$0
Jun 199301,56716.79$0
May 1993027517.68$0
Apr 1993055518.05$0
Mar 199308518.14$0
Feb 1993047317.90$0
Jan 1993052516.93$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 2005 — as filed, then multipliedworked
Condensate             0 bbl  × $ 45.22 =         $0
Gas                    3 Mcf  × $  6.65 =        $20

────────────────────────────────────────────────────
Month total                                      $20

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. 05/G/123525 is the state's own key, not one this site invented.