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 (AUSTIN CHALK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 3359District 05Field 93042166OilCasinghead gasSave Export

Value, all time

$188 k

Jan 1993 – Jan 2011

Value, last 12 filed months

$933

at the published price for each month

Months reported

217

no gaps in the span

Streams

oil, casinghead gas

The VAN (AUSTIN CHALK) 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 66 leases and 277 wells, and the rule below applies to all of them.

Discovered

1969-11-22

as the register files it

Field class

Oil and gas

the register's own label

Between wells

125 ft

minimum

From a lease line

100 ft

minimum

A drilling unit in this field needs at least 2 acres. The field rule took effect on 1997-12-05.

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 09/01/2004.”

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	7,140 bbl	$166,298
Casinghead gas	Production	7,815 Mcf	$22,157
Total			$188,455

3,737 Mcf of this lease's gas, across 41 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 32.5317, -95.6276. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.53172, -95.62759 · 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%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

2,924 ft

1 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

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 2,924 ft.

Completions filed

Oct 1990

1 of 1 wells

Plug dates filed

Nov 2010

1 of 1 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.

1 well


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 (217)

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

217 months


Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	2	46	71.12	4.24	$337
Apr 2010	0	48	81.69	4.12	$198
Mar 2010	0	46	78.39	4.39	$202
Feb 2010	0	36	73.58	5.44	$196
Jan 2010	2	42	74.36	5.96	$399
Dec 2009	14	50	71.44	5.48	$1,274
Nov 2009	9	55	74.59	3.75	$878
Oct 2009	2	58	72.54	4.11	$383
Sep 2009	6	67	65.54	3.06	$599
Aug 2009	16	35	67.42	3.22	$1,191
Jul 2009	2	31	61.13	3.46	$230
Jun 2009	17	29	66.16	3.90	$1,238
May 2009	19	31	54.74	3.93	$1,162
Apr 2009	23	38	46.77	3.59	$1,212
Mar 2009	15	34	42.14	4.06	$770
Feb 2009	11	30	32.81	4.63	$500
Jan 2009	6	35	35.86	5.37	$403
Dec 2008	2	30	37.10	5.98	$254
Nov 2008	19	29	55.49	6.86	$1,253
Oct 2008	10	29	75.24	6.92	$953
Sep 2008	5	33	101.76	7.88	$769
Aug 2008	5	32	114.22	8.48	$843
Jul 2008	11	35	131.08	11.39	$1,841
Jun 2008	0	31	131.33	13.03	$404
May 2008	17	31	123.17	11.57	$2,453
Apr 2008	10	33	110.31	10.45	$1,448
Mar 2008	15	25	101.90	9.66	$1,770
Feb 2008	3	31	92.53	8.77	$549
Jan 2008	6	36	90.38	8.21	$838
Dec 2007	4	35	88.33	7.30	$609
Nov 2007	3	37	91.67	7.29	$545
Oct 2007	12	28	82.85	6.92	$1,188
Sep 2007	16	34	75.84	6.24	$1,426
Aug 2007	37	39	69.06	6.39	$2,804
Jul 2007	3	32	70.90	6.39	$417
Jun 2007	6	33	62.00	7.55	$621
May 2007	14	32	58.74	7.85	$1,073
Apr 2007	27	18	59.61	7.81	$1,750
Mar 2007	27	19	56.92	7.30	$1,676
Feb 2007	2	24	55.10	8.22	$307
Jan 2007	0	26	50.30	6.73	$175
Dec 2006	0	22	56.65	6.92	$152
Nov 2006	2	26	54.20	7.62	$306
Oct 2006	2	27	54.90	6.01	$272
Sep 2006	8	0	60.08	5.04	$481
Aug 2006	8	0	68.71	7.34	$550
Jul 2006	4	0	69.37	6.34	$277
Jun 2006	17	0	66.28	6.38	$1,127
May 2006	11	0	66.01	6.42	$726
Apr 2006	15	23	64.39	7.36	$1,135
Mar 2006	17	50	56.70	7.08	$1,318
Feb 2006	16	24	57.59	7.75	$1,107
Jan 2006	19	26	60.59	8.93	$1,383
Dec 2005	21	25	54.94	13.42	$1,489
Nov 2005	14	26	54.69	10.59	$1,041
Oct 2005	21	24	58.34	13.80	$1,556
Sep 2005	11	25	61.45	12.08	$978
Aug 2005	4	22	61.51	9.80	$462
Jul 2005	18	24	55.69	7.84	$1,191
Jun 2005	13	26	52.33	7.38	$872
May 2005	18	21	45.22	6.65	$954
Apr 2005	16	21	49.20	7.36	$942
Mar 2005	18	41	50.37	7.15	$1,200
Feb 2005	15	20	45.22	6.31	$805
Jan 2005	12	20	43.16	6.32	$644
Dec 2004	5	23	39.86	6.75	$355
Nov 2004	17	24	45.28	6.33	$922
Oct 2004	16	18	49.70	6.52	$912
Sep 2004	13	20	43.24	5.28	$668
Aug 2004	15	21	42.37	5.55	$752
Jul 2004	19	19	38.28	6.08	$843
Jun 2004	18	20	36.10	6.43	$778
May 2004	18	24	37.48	6.49	$831
Apr 2004	15	23	34.47	5.86	$652
Mar 2004	22	23	34.36	5.53	$883
Feb 2004	17	23	32.45	5.51	$678
Jan 2004	20	23	32.03	6.30	$785
Dec 2003	30	23	30.26	6.30	$1,053
Nov 2003	18	33	28.80	4.60	$670
Oct 2003	19	24	28.17	4.76	$649
Sep 2003	18	20	26.31	4.75	$569
Aug 2003	17	20	29.76	5.13	$609
Jul 2003	21	21	29.41	5.17	$726
Jun 2003	16	21	28.56	5.98	$583
May 2003	23	20	26.59	5.97	$731
Apr 2003	21	20	26.67	5.41	$668
Mar 2003	27	21	31.14	6.10	$969
Feb 2003	20	22	33.48	7.93	$844
Jan 2003	22	19	30.31	5.58	$773
Dec 2002	23	16	26.91	4.85	$697
Nov 2002	28	20	24.66	4.14	$773
Oct 2002	22	20	26.46	4.23	$667
Sep 2002	13	17	27.44	3.64	$419
Aug 2002	20	22	25.96	3.16	$589
Jul 2002	9	20	24.58	3.06	$282
Jun 2002	11	20	23.73	3.34	$328
May 2002	20	33	24.66	3.58	$611
Apr 2002	23	10	23.65	3.51	$579
Mar 2002	23	10	22.00	3.10	$537
Feb 2002	18	12	18.22	2.38	$356
Jan 2002	22	18	17.17	2.38	$421
Dec 2001	19	15	16.93	2.36	$357
Nov 2001	21	30	18.07	2.41	$452
Oct 2001	19	30	19.78	2.53	$452
Sep 2001	24	30	24.26	2.25	$650
Aug 2001	22	41	24.87	3.05	$672
Jul 2001	25	48	23.93	3.20	$752
Jun 2001	27	42	24.56	3.82	$824
May 2001	6	41	25.52	4.31	$330
Apr 2001	14	42	24.68	5.34	$570
Mar 2001	29	45	24.54	5.38	$954
Feb 2001	25	48	27.75	5.77	$971
Jan 2001	29	53	27.47	8.40	$1,242
Dec 2000	28	47	26.88	9.12	$1,181
Nov 2000	29	47	32.21	5.66	$1,200
Oct 2000	30	49	31.23	5.15	$1,189
Sep 2000	32	50	31.87	5.19	$1,279
Aug 2000	40	44	29.64	4.54	$1,385
Jul 2000	42	22	28.53	4.09	$1,288
Jun 2000	37	15	29.30	4.40	$1,150
May 2000	37	15	27.26	3.68	$1,064
Apr 2000	31	9	24.51	3.12	$788
Mar 2000	3	10	28.42	2.86	$114
Feb 2000	5	10	27.62	2.73	$165
Jan 2000	21	10	25.27	2.48	$555
Dec 1999	37	10	24.28	2.42	$923
Nov 1999	36	10	23.19	2.43	$859
Oct 1999	53	14	20.98	2.80	$1,151
Sep 1999	22	10	21.75	2.62	$505
Aug 1999	49	8	19.26	2.88	$967
Jul 1999	42	8	17.89	2.37	$770
Jun 1999	21	8	15.94	2.36	$354
May 1999	34	8	15.79	2.32	$555
Apr 1999	59	9	15.10	2.21	$911
Mar 1999	72	9	12.47	1.84	$914
Feb 1999	53	8	9.98	1.82	$543
Jan 1999	79	8	10.38	1.90	$835
Dec 1998	35	0	9.20	1.77	$322
Nov 1998	32	0	10.89	2.19	$348
Oct 1998	35	5	12.42	1.97	$445
Sep 1998	36	11	12.59	2.08	$476
Aug 1998	26	10	11.30	1.91	$313
Jul 1998	51	21	11.74	2.24	$646
Jun 1998	57	20	11.24	2.24	$685
May 1998	41	20	12.62	2.21	$562
Apr 1998	70	13	13.04	2.51	$945
Mar 1998	1	12	12.80	2.31	$41
Feb 1998	12	13	13.95	2.30	$197
Jan 1998	1	14	14.70	2.15	$45
Dec 1997	5	14	16.32	2.41	$115
Nov 1997	9	14	18.19	3.09	$207
Oct 1997	1	14	19.25	3.15	$63
Sep 1997	2	15	17.74	2.95	$80
Aug 1997	25	14	17.86	2.55	$482
Jul 1997	67	29	17.58	2.25	$1,243
Jun 1997	27	26	17.24	2.26	$524
May 1997	21	83	18.97	2.31	$590
Apr 1997	90	36	17.88	2.08	$1,684
Mar 1997	61	40	18.95	1.94	$1,234
Feb 1997	15	39	20.49	2.21	$393
Jan 1997	31	33	23.48	3.54	$845
Dec 1996	62	13	23.32	—	$1,446
Nov 1996	32	17	21.97	—	$703
Oct 1996	93	26	23.31	—	$2,168
Sep 1996	60	32	22.22	—	$1,333
Aug 1996	62	33	20.26	—	$1,256
Jul 1996	62	33	19.55	—	$1,212
Jun 1996	81	125	18.73	—	$1,517
May 1996	93	109	19.43	—	$1,807
Apr 1996	90	105	21.51	—	$1,936
Mar 1996	93	97	19.38	—	$1,802
Feb 1996	73	94	16.98	—	$1,240
Jan 1996	94	99	17.07	—	$1,605
Dec 1995	154	116	17.19	—	$2,647
Nov 1995	60	81	16.00	—	$960
Oct 1995	93	95	15.43	—	$1,435
Sep 1995	120	104	16.18	—	$1,942
Aug 1995	92	131	15.92	—	$1,465
Jul 1995	32	55	15.24	—	$488
Jun 1995	120	108	16.41	—	$1,969
May 1995	94	106	17.56	—	$1,651
Apr 1995	149	123	17.73	—	$2,642
Mar 1995	93	73	16.44	—	$1,529
Feb 1995	112	108	16.58	—	$1,857
Jan 1995	154	91	15.92	—	$2,452
Dec 1994	63	74	15.03	—	$947
Nov 1994	150	89	15.90	—	$2,385
Oct 1994	155	103	15.58	—	$2,415
Sep 1994	150	129	15.29	—	$2,294
Aug 1994	155	45	16.13	—	$2,500
Jul 1994	154	49	17.56	—	$2,704
Jun 1994	90	50	17.09	—	$1,538
May 1994	93	21	15.88	—	$1,477
Apr 1994	110	94	14.14	—	$1,555
Mar 1994	93	398	12.46	—	$1,159
Feb 1994	84	461	12.50	—	$1,050
Jan 1994	93	1	12.66	—	$1,177
Dec 1993	62	49	12.33	—	$764
Nov 1993	89	29	14.49	—	$1,290
Oct 1993	61	1	15.85	—	$967
Sep 1993	0	0	15.03	—	$0
Aug 1993	0	0	15.66	—	$0
Jul 1993	0	0	15.46	—	$0
Jun 1993	0	0	16.79	—	$0
May 1993	0	0	17.68	—	$0
Apr 1993	0	0	18.05	—	$0
Mar 1993	0	0	18.14	—	$0
Feb 1993	28	141	17.90	—	$501
Jan 1993	62	29	16.93	—	$1,050

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 2010 — as filed, then multipliedworked

Oil                    2 bbl  × $ 71.12 =       $142
Casinghead gas        46 Mcf  × $  4.24 =       $195

────────────────────────────────────────────────────
Month total                                     $337

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/3359 is the state's own key, not one this site invented.