FAVORS, C. C. "B"

Operated by SPENCE, RALPH OIL COMPANY, INC. (P-5 809331) in the POKEY (TRAVIS PEAK LOWER 1) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 190330District 05Field 72170710NGPA filingCondensateGasSaveExport
Value, all time
$5.8 M
Apr 2002 – Apr 2022
Value, last 12 filed months
$6 k
at the published price for each month
Months reported
241
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 9 leases and 9 wells, and the rule below applies to all of them.

Discovered
1978-06-08
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: AOF-1 AND AOF-2 EFFECTIVE 02/01/98.

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.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA1none

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.

StreamBasisVolumeValue
CondensateDisposition177 bbl$12,043
GasProduction897,544 Mcf$5,756,786
Total$5,768,829

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 31.4111, -96.4810. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.41114, -96.48102 · 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
7,700 ft
1 wells filed one
Completion to plug
9.7 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 7,700 ft.

Completions filed
Aug 2011
1 of 1 wells
Plug dates filed
Apr 2021
1 of 1 wells

Last completion to plug: a median of 9.7 years across the 1 well that filed both dates, with the middle half between 9.7 years and 9.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-2933144727,700 ftAug 2011Apr 2021Yes

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 (241)

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

241 months

Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 202262091.054.86$5,645
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 201101283.404.15$50
Jul 201103294.144.52$145
Jun 201102892.904.64$130
May 201102398.134.40$101
Apr 2011016105.964.33$69
Mar 201103596.364.06$142
Feb 201102385.644.18$96
Jan 201102986.504.59$133
Dec 201003285.734.35$139
Nov 201023080.843.80$276
Oct 201003978.103.51$137
Sep 201002472.633.98$96
Aug 201001473.684.42$62
Jul 201003072.554.74$142
Jun 201024870.364.91$376
May 201011971.124.24$152
Apr 201002481.694.12$99
Mar 201022478.394.39$262
Feb 201006573.585.44$354
Jan 201004974.365.96$292
Dec 200912971.445.48$230
Nov 200903574.593.75$131
Oct 200905672.544.11$230
Sep 200903565.543.06$107
Aug 200914567.423.22$212
Jul 200912161.133.46$134
Jun 2009010666.163.90$413
May 2009020754.743.93$813
Apr 2009019946.773.59$714
Mar 20090942.144.06$37
Feb 200903532.814.63$162
Jan 200901,74135.865.37$9,351
Dec 2008071237.105.98$4,256
Nov 200822,27455.496.86$15,711
Oct 200802,51275.246.92$17,388
Sep 200812,403101.767.88$19,030
Aug 200802,510114.228.48$21,292
Jul 200822,741131.0811.39$31,481
Jun 200833,056131.3313.03$40,222
May 200803,594123.1711.57$41,598
Apr 200833,225110.3110.45$34,048
Mar 200843,440101.909.66$33,652
Feb 200823,32292.538.77$29,321
Jan 200873,29590.388.21$27,671
Dec 200733,19288.337.30$23,573
Nov 200723,17591.677.29$23,334
Oct 200733,11682.856.92$21,817
Sep 200722,93675.846.24$18,485
Aug 200703,54769.066.39$22,658
Jul 200703,37970.906.39$21,585
Jun 200703,21962.007.55$24,298
May 200703,65158.747.85$28,647
Apr 200703,50259.617.81$27,334
Mar 200703,75256.927.30$27,397
Feb 200702,48355.108.22$20,400
Jan 200702,76950.306.73$18,627
Dec 200653,04156.656.92$21,322
Nov 200623,29654.207.62$25,216
Oct 200601,57454.906.01$9,466
Sep 200602,31360.085.04$11,651
Aug 200602,47768.717.34$18,181
Jul 200603,44569.376.34$21,851
Jun 200603,91466.286.38$24,987
May 200608,93466.016.42$57,401
Apr 200608,82564.397.36$64,956
Mar 200609,44356.707.08$66,884
Feb 200608,58157.597.75$66,512
Jan 200609,86160.598.93$88,091
Dec 2005010,02454.9413.42$134,476
Nov 2005010,18854.6910.59$107,875
Oct 2005011,40758.3413.80$157,368
Sep 200508,89461.4512.08$107,431
Aug 2005010,46361.519.80$102,504
Jul 2005011,82155.697.84$92,720
Jun 2005012,65552.337.38$93,407
May 2005011,82245.226.65$78,630
Apr 2005112,57649.207.36$92,615
Mar 2005211,79750.377.15$84,507
Feb 2005011,28745.226.31$71,243
Jan 2005013,14243.166.32$83,086
Dec 2004013,87239.866.75$93,651
Nov 2004014,69745.286.33$93,038
Oct 2004016,20049.706.52$105,545
Sep 2004216,42743.245.28$86,885
Aug 2004418,36142.375.55$102,085
Jul 2004119,32838.286.08$117,633
Jun 2004117,93236.106.43$115,393
May 2004120,24037.486.49$131,488
Apr 2004021,65734.475.86$126,877
Mar 2004023,54934.365.53$130,229
Feb 2004022,77532.455.51$125,482
Jan 2004025,92832.036.30$163,337
Dec 2003125,00930.266.30$157,628
Nov 2003229,28428.804.60$134,622
Oct 2003033,00028.174.76$157,068
Sep 2003021,80526.314.75$103,560
Aug 2003023,86529.765.13$122,421
Jul 2003124,91429.415.17$128,856
Jun 2003125,99728.565.98$155,568
May 2003027,61526.595.97$164,936
Apr 2003327,46526.675.41$148,591
Mar 2003631,90931.146.10$194,705
Feb 2003726,19933.487.93$207,884
Jan 2003524,81730.315.58$138,681
Dec 200236,45626.914.85$31,417
Nov 2002513,91924.664.14$57,706
Oct 2002615,89426.464.23$67,376
Sep 2002816,57527.443.64$60,473
Aug 2002415,15625.963.16$48,060
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$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.

Feb 2022 — as filed, then multipliedworked
Condensate            62 bbl  × $ 91.05 =     $5,645
Gas                    0 Mcf  × $  4.86 =         $0

────────────────────────────────────────────────────
Month total                                   $5,645

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/190330 is the state's own key, not one this site invented.