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 217859District 05Field 72909300CondensateGasSaveExport
Value, all time
$2.0 M
Aug 2005 – Oct 2022
Value, last 12 filed months
$0
at the published price for each month
Months reported
207
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
CondensateDisposition1,578 bbl$107,509
GasProduction264,723 Mcf$1,861,469
Total$1,968,978

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 31.7191, -95.8968. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.71910, -95.89677 · 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
10,450 ft
1 wells filed one
Completion to plug
17.2 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 10,450 ft.

Completions filed
Aug 2005
1 of 1 wells
Plug dates filed
Oct 2022
1 of 1 wells

Last completion to plug: a median of 17.2 years across the 1 well that filed both dates, with the middle half between 17.2 years and 17.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-16133289310,450 ftAug 2005Oct 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 (207)

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

207 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 20161418036.561.99$5,314
Mar 2016019633.011.79$352
Feb 201601,63126.472.06$3,366
Jan 201604127.352.36$97
Dec 20150032.362.00$0
Nov 2015011438.792.17$247
Oct 2015042143.552.43$1,022
Sep 2015038642.992.76$1,065
Aug 2015055040.162.87$1,580
Jul 201501,02148.152.95$3,007
Jun 20150056.152.88$0
May 2015049155.212.96$1,451
Apr 2015046549.822.71$1,259
Mar 2015049442.892.93$1,450
Feb 2015046044.662.98$1,369
Jan 2015054743.433.10$1,696
Dec 2014054854.693.59$1,968
Nov 2014041370.464.25$1,756
Oct 2014068678.303.90$2,676
Sep 2014039486.164.05$1,594
Aug 2014045389.394.04$1,828
Jul 2014040396.564.18$1,684
Jun 2014043498.164.74$2,056
May 2014294694.734.73$4,661
Apr 2014046695.944.81$2,241
Mar 2014150695.895.06$2,655
Feb 2014036297.406.19$2,242
Jan 2014079990.404.86$3,884
Dec 201341,17291.824.35$5,471
Nov 2013189488.853.74$3,431
Oct 201331,19297.423.78$4,797
Sep 20130286104.113.72$1,063
Aug 201334,208104.253.52$15,136
Jul 20130117102.523.72$435
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 2012281798.092.73$2,430
Dec 2011079396.873.24$2,569
Nov 20111641,12995.723.31$19,437
Oct 2011447284.983.65$2,062
Sep 2011095383.623.99$3,798
Aug 201111,53483.404.15$6,448
Jul 201105,69294.144.52$25,712
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 2010069181.694.12$2,849
Mar 201001,56478.394.39$6,864
Feb 201001,27373.585.44$6,928
Jan 201001,24474.365.96$7,419
Dec 200901,08071.445.48$5,922
Nov 2009086174.593.75$3,230
Oct 200921,17372.544.11$4,966
Sep 2009085765.543.06$2,626
Aug 200911,56367.423.22$5,098
Jul 200901,57761.133.46$5,464
Jun 200902,18566.163.90$8,511
May 200901,06154.743.93$4,165
Apr 200901,26646.773.59$4,542
Mar 200901,95942.144.06$7,952
Feb 200901,12732.814.63$5,221
Jan 200901,74735.865.37$9,383
Dec 200801,48337.105.98$8,864
Nov 200811,78055.496.86$12,267
Oct 200802,11475.246.92$14,633
Sep 20081832,146101.767.88$35,526
Aug 200802,229114.228.48$18,909
Jul 200802,242131.0811.39$25,535
Jun 200802,190131.3313.03$28,541
May 200801,855123.1711.57$21,470
Apr 200802,066110.3110.45$21,600
Mar 200801,912101.909.66$18,478
Feb 200802,87792.538.77$25,233
Jan 200802,59790.388.21$21,310
Dec 200702,34888.337.30$17,145
Nov 200703,58091.677.29$26,104
Oct 200702,76082.856.92$19,105
Sep 200703,17675.846.24$19,831
Aug 200704,35969.066.39$27,845
Jul 20071762,34170.906.39$27,433
Jun 200703,35062.007.55$25,287
May 200713,96158.747.85$31,138
Apr 200704,04259.617.81$31,549
Mar 200703,25756.927.30$23,783
Feb 200724,37955.108.22$36,088
Jan 20071784,17250.306.73$37,018
Dec 200605,49056.656.92$37,982
Nov 200604,34654.207.62$33,106
Oct 200603,70454.906.01$22,275
Sep 200604,91160.085.04$24,738
Aug 20061805,63068.717.34$53,692
Jul 200606,16069.376.34$39,071
Jun 200607,46766.286.38$47,668
May 200618411,91666.016.42$88,706
Apr 2006316,81364.397.36$123,945
Mar 200616425,15256.707.08$187,448
Feb 200617727,08957.597.75$220,164
Jan 2006010,67360.598.93$95,345
Dec 200506,89954.9413.42$92,553
Nov 200503,37554.6910.59$35,736
Oct 200503,60258.3413.80$49,692
Sep 2005041961.4512.08$5,061
Aug 200506761.519.80$656

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.

Apr 2016 — as filed, then multipliedworked
Condensate           141 bbl  × $ 36.56 =     $5,155
Gas                   80 Mcf  × $  1.99 =       $159

────────────────────────────────────────────────────
Month total                                   $5,314

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/217859 is the state's own key, not one this site invented.