WALLACE, T. J. 402

Name: WALLACE, T. J. 402 lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by UNION OIL COMPANY OF CALIFORNIA (P-5 876520) in the VAN field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 1206District 05Field 93042001Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$119 k

Jan 1993 – Feb 2008

Value, last 12 filed months

at the published price for each month

Months reported

182

no gaps in the span

Streams

oil, casinghead gas

The VAN 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 130 leases and 710 wells, and the rule below applies to all of them.

Discovered

1929-12-31

as the register files it

Field class

Oil and gas

the register's own label

Between wells

400 ft

minimum

From a lease line

200 ft

minimum

A drilling unit in this field needs at least 7 acres. The field rule took effect on 1989-03-13.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: “AMENDED RULES ESTABLISH NO TOLERANCE ACRES & 1300' DIAG. LIMIT”

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	7,276 bbl	$117,870
Casinghead gas	Production	2,275 Mcf	$715
Total			$118,586

1,977 Mcf of this lease's gas, across 48 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 (5)

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 32.5302, -95.6265. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

32.53035, -95.62653 · 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%

5 of 5 wells

With a plug date

100.0%

5 of 5 wells

Median depth

2,945 ft

5 wells filed one

Completion to plug

20.1 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

5100.0%

A plug date is filed

5100.0%

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

5100.0%

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 2,924 and 3,056 ft, median 2,945 ft, over the 5 wells that filed a depth.

Completions filed

Oct 1990

1 of 5 wells; 4 filed none

Plug dates filed

May 1995 – Nov 2010

5 of 5 wells

Last completion to plug: a median of 20.1 years across the 1 well that filed both dates, with the middle half between 20.1 years and 20.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells


42-46700652	2	2,944 ft	—	Nov 2001	Yes
42-46700653	3	2,945 ft	—	May 1995	Yes
42-46700654	5	2,963 ft	—	May 1995	Yes
42-46700655	4	3,056 ft	—	Dec 2007	Yes
42-46700656	1	2,924 ft	Oct 1990	Nov 2010	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 (182)

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

182 months


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	0	0	24.66	3.58	$0
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	0	22.00	3.10	$0
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	0	0	24.87	3.05	$0
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	0	0	31.23	5.15	$0
Sep 2000	0	0	31.87	5.19	$0
Aug 2000	0	0	29.64	4.54	$0
Jul 2000	0	0	28.53	4.09	$0
Jun 2000	0	0	29.30	4.40	$0
May 2000	0	0	27.26	3.68	$0
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	0	0	28.42	2.86	$0
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	0	0	23.19	2.43	$0
Oct 1999	0	0	20.98	2.80	$0
Sep 1999	0	0	21.75	2.62	$0
Aug 1999	0	0	19.26	2.88	$0
Jul 1999	0	0	17.89	2.37	$0
Jun 1999	0	0	15.94	2.36	$0
May 1999	0	0	15.79	2.32	$0
Apr 1999	0	0	15.10	2.21	$0
Mar 1999	0	0	12.47	1.84	$0
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	1	0	10.38	1.90	$10
Dec 1998	35	10	9.20	1.77	$340
Nov 1998	32	8	10.89	2.19	$366
Oct 1998	35	8	12.42	1.97	$450
Sep 1998	36	4	12.59	2.08	$462
Aug 1998	25	3	11.30	1.91	$288
Jul 1998	12	4	11.74	2.24	$150
Jun 1998	9	3	11.24	2.24	$108
May 1998	8	3	12.62	2.21	$108
Apr 1998	88	11	13.04	2.51	$1,175
Mar 1998	0	12	12.80	2.31	$28
Feb 1998	4	13	13.95	2.30	$86
Jan 1998	0	14	14.70	2.15	$30
Dec 1997	2	15	16.32	2.41	$69
Nov 1997	3	15	18.19	3.09	$101
Oct 1997	0	15	19.25	3.15	$47
Sep 1997	1	15	17.74	2.95	$62
Aug 1997	8	15	17.86	2.55	$181
Jul 1997	24	30	17.58	2.25	$489
Jun 1997	51	40	17.24	2.26	$970
May 1997	18	25	18.97	2.31	$399
Apr 1997	55	10	17.88	2.08	$1,004
Mar 1997	27	11	18.95	1.94	$533
Feb 1997	9	5	20.49	2.21	$195
Jan 1997	42	9	23.48	3.54	$1,018
Dec 1996	46	19	23.32	—	$1,073
Nov 1996	32	26	21.97	—	$703
Oct 1996	13	37	23.31	—	$303
Sep 1996	51	26	22.22	—	$1,133
Aug 1996	71	18	20.26	—	$1,438
Jul 1996	67	19	19.55	—	$1,310
Jun 1996	50	26	18.73	—	$937
May 1996	53	28	19.43	—	$1,030
Apr 1996	55	27	21.51	—	$1,183
Mar 1996	65	25	19.38	—	$1,260
Feb 1996	90	24	16.98	—	$1,528
Jan 1996	91	25	17.07	—	$1,553
Dec 1995	99	30	17.19	—	$1,702
Nov 1995	122	21	16.00	—	$1,952
Oct 1995	94	13	15.43	—	$1,450
Sep 1995	87	18	16.18	—	$1,408
Aug 1995	165	22	15.92	—	$2,627
Jul 1995	103	9	15.24	—	$1,570
Jun 1995	144	19	16.41	—	$2,363
May 1995	99	16	17.56	—	$1,738
Apr 1995	36	17	17.73	—	$638
Mar 1995	156	10	16.44	—	$2,565
Feb 1995	124	20	16.58	—	$2,056
Jan 1995	121	20	15.92	—	$1,926
Dec 1994	93	15	15.03	—	$1,398
Nov 1994	65	17	15.90	—	$1,034
Oct 1994	64	21	15.58	—	$997
Sep 1994	197	22	15.29	—	$3,012
Aug 1994	181	13	16.13	—	$2,920
Jul 1994	190	11	17.56	—	$3,336
Jun 1994	161	14	17.09	—	$2,751
May 1994	149	7	15.88	—	$2,366
Apr 1994	229	44	14.14	—	$3,238
Mar 1994	280	140	12.46	—	$3,489
Feb 1994	190	51	12.50	—	$2,375
Jan 1994	101	1	12.66	—	$1,279
Dec 1993	154	9	12.33	—	$1,899
Nov 1993	150	5	14.49	—	$2,174
Oct 1993	140	7	15.85	—	$2,219
Sep 1993	289	45	15.03	—	$4,344
Aug 1993	318	12	15.66	—	$4,980
Jul 1993	227	182	15.46	—	$3,509
Jun 1993	213	230	16.79	—	$3,576
May 1993	287	124	17.68	—	$5,074
Apr 1993	301	205	18.05	—	$5,433
Mar 1993	290	208	18.14	—	$5,261
Feb 1993	230	68	17.90	—	$4,117
Jan 1993	218	11	16.93	—	$3,691

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.

Jan 1999 — as filed, then multipliedworked

Oil                    1 bbl  × $ 10.38 =        $10
Casinghead gas         0 Mcf  × $  1.90 =         $0

────────────────────────────────────────────────────
Month total                                      $10

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/O/1206 is the state's own key, not one this site invented.