WHALEY, T.W. -A-

Operated by DEVON ENERGY PRODUCTION CO, L.P. (P-5 ) in the BALD PRAIRIE (TRAVIS PEAK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 266174District 05Field 000000002 tax incentive programmesCondensateGasSaveExport
Value, all time
$98 k
Feb 2012 – Oct 2013
Value, last 12 filed months
$17 k
at the published price for each month
Months reported
21
no gaps in the span
Streams
2
condensate, gas

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
High Cost Gas112013-12-13211756
NGPA2none

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
CondensateDisposition38 bbl$3,472
GasProduction36,104 Mcf$94,121
Total$97,593

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 31.2091, -96.4711. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.20909, -96.47110 · 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
13,119 ft
1 wells filed one
Completion to plug
12 months
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 13,119 ft.

Completions filed
Jul 2016
1 of 1 wells
Plug dates filed
Jul 2017
1 of 1 wells

Last completion to plug: a median of 12 months across the 1 well that filed both dates, with the middle half between 12 months and 12 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-39530813313,119 ftJul 2016Jul 2017Yes

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 (21)

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

21 months

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 20133094.834.15$284
Apr 201301193.964.28$47
Mar 20131471193.623.91$4,093
Feb 2013066891.233.42$2,285
Jan 2013075691.603.42$2,585
Dec 2012891986.773.42$3,837
Nov 2012097886.953.62$3,545
Oct 201261,20889.383.40$4,643
Sep 201201,46294.672.92$4,267
Aug 201253,02092.662.91$9,246
Jul 201203,47585.133.02$10,497
Jun 201203,71479.822.52$9,356
May 201224,00991.612.49$10,159
Apr 201204,904101.652.00$9,792
Mar 201209,873105.052.22$21,939
Feb 20120396101.102.57$1,018

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 2013 — as filed, then multipliedworked
Condensate             3 bbl  × $ 94.83 =       $284
Gas                    0 Mcf  × $  4.15 =         $0

────────────────────────────────────────────────────
Month total                                     $284

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/266174 is the state's own key, not one this site invented.