MORGAN

Name: MORGAN lease production and value, Sep 1996 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by PALMER PETROLEUM INC. (P-5 636222) in the UPPER KEECHI CREEK (DEXTER SD.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 3531District 05Field 92684080OilCasinghead gasSave Export

Value, all time

$1.4 M

Sep 1996 – Feb 2008

Value, last 12 filed months

at the published price for each month

Months reported

138

no gaps in the span

Streams

oil, casinghead gas

The UPPER KEECHI CREEK (DEXTER SD.) 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 5 leases and 6 wells, and the rule below applies to all of them.

Discovered

1996-09-27

as the register files it

Field class

Oil

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

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	66,203 bbl	$1,320,932
Casinghead gas	Production	26,436 Mcf	$101,975
Total			$1,422,907

2,276 Mcf of this lease's gas, across 3 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 31.5297, -95.9034. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.52972, -95.90335 · 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

6,501 ft

1 wells filed one

Completion to plug

10.1 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 6,501 ft.

Completions filed

Sep 1996

1 of 1 wells

Plug dates filed

Oct 2006

1 of 1 wells

Last completion to plug: a median of 10.1 years across the 1 well that filed both dates, with the middle half between 10.1 years and 10.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-28931244	1	6,501 ft	Sep 1996	Oct 2006	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 (138)

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

138 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	73	8	54.94	13.42	$4,118
Nov 2005	1	88	54.69	10.59	$986
Oct 2005	1	176	58.34	13.80	$2,486
Sep 2005	4	136	61.45	12.08	$1,889
Aug 2005	138	248	61.51	9.80	$10,918
Jul 2005	0	248	55.69	7.84	$1,945
Jun 2005	3	240	52.33	7.38	$1,928
May 2005	165	240	45.22	6.65	$9,058
Apr 2005	0	240	49.20	7.36	$1,767
Mar 2005	3	248	50.37	7.15	$1,926
Feb 2005	182	224	45.22	6.31	$9,644
Jan 2005	5	248	43.16	6.32	$1,784
Dec 2004	4	248	39.86	6.75	$1,834
Nov 2004	185	120	45.28	6.33	$9,136
Oct 2004	2	128	49.70	6.52	$933
Sep 2004	0	128	43.24	5.28	$676
Aug 2004	177	128	42.37	5.55	$8,210
Jul 2004	0	128	38.28	6.08	$779
Jun 2004	177	144	36.10	6.43	$7,316
May 2004	0	240	37.48	6.49	$1,559
Apr 2004	0	240	34.47	5.86	$1,406
Mar 2004	182	248	34.36	5.53	$7,625
Feb 2004	194	224	32.45	5.51	$7,529
Jan 2004	182	224	32.03	6.30	$7,241
Dec 2003	189	232	30.26	6.30	$7,181
Nov 2003	0	216	28.80	4.60	$993
Oct 2003	178	248	28.17	4.76	$6,195
Sep 2003	178	240	26.31	4.75	$5,823
Aug 2003	181	248	29.76	5.13	$6,659
Jul 2003	178	224	29.41	5.17	$6,393
Jun 2003	181	240	28.56	5.98	$6,605
May 2003	179	248	26.59	5.97	$6,241
Apr 2003	180	240	26.67	5.41	$6,098
Mar 2003	181	224	31.14	6.10	$7,002
Feb 2003	178	224	33.48	7.93	$7,735
Jan 2003	181	248	30.31	5.58	$6,870
Dec 2002	363	224	26.91	4.85	$10,856
Nov 2002	183	240	24.66	4.14	$5,506
Oct 2002	180	200	26.46	4.23	$5,609
Sep 2002	361	240	27.44	3.64	$10,778
Aug 2002	180	248	25.96	3.16	$5,458
Jul 2002	361	240	24.58	3.06	$9,608
Jun 2002	182	240	23.73	3.34	$5,120
May 2002	364	240	24.66	3.58	$9,836
Apr 2002	183	216	23.65	3.51	$5,087
Mar 2002	369	248	22.00	3.10	$8,887
Feb 2002	367	200	18.22	2.38	$7,162
Jan 2002	183	192	17.17	2.38	$3,598
Dec 2001	374	216	16.93	2.36	$6,843
Nov 2001	362	240	18.07	2.41	$7,119
Oct 2001	183	216	19.78	2.53	$4,166
Sep 2001	364	232	24.26	2.25	$9,353
Aug 2001	361	248	24.87	3.05	$9,735
Jul 2001	364	248	23.93	3.20	$9,503
Jun 2001	365	232	24.56	3.82	$9,852
May 2001	544	248	25.52	4.31	$14,951
Apr 2001	368	240	24.68	5.34	$10,363
Mar 2001	345	248	24.54	5.38	$9,800
Feb 2001	549	224	27.75	5.77	$16,527
Jan 2001	371	248	27.47	8.40	$12,274
Dec 2000	546	248	26.88	9.12	$16,939
Nov 2000	364	240	32.21	5.66	$13,082
Oct 2000	735	248	31.23	5.15	$24,230
Sep 2000	365	224	31.87	5.19	$12,794
Aug 2000	730	224	29.64	4.54	$22,654
Jul 2000	547	240	28.53	4.09	$16,587
Jun 2000	727	240	29.30	4.40	$22,356
May 2000	549	240	27.26	3.68	$15,849
Apr 2000	554	232	24.51	3.12	$14,301
Mar 2000	549	208	28.42	2.86	$16,197
Feb 2000	735	192	27.62	2.73	$20,824
Jan 2000	727	208	25.27	2.48	$18,887
Dec 1999	910	240	24.28	2.42	$22,676
Nov 1999	629	240	23.19	2.43	$15,171
Oct 1999	878	248	20.98	2.80	$19,116
Sep 1999	917	240	21.75	2.62	$20,573
Aug 1999	1,039	248	19.26	2.88	$20,724
Jul 1999	1,085	248	17.89	2.37	$19,999
Jun 1999	1,089	240	15.94	2.36	$17,926
May 1999	1,100	248	15.79	2.32	$17,945
Apr 1999	1,247	240	15.10	2.21	$19,360
Mar 1999	1,079	248	12.47	1.84	$13,911
Feb 1999	1,086	216	9.98	1.82	$11,231
Jan 1999	1,080	248	10.38	1.90	$11,682
Dec 1998	1,100	248	9.20	1.77	$10,560
Nov 1998	1,270	240	10.89	2.19	$14,355
Oct 1998	1,083	248	12.42	1.97	$13,939
Sep 1998	1,060	224	12.59	2.08	$13,812
Aug 1998	882	240	11.30	1.91	$10,424
Jul 1998	1,068	248	11.74	2.24	$13,093
Jun 1998	1,073	240	11.24	2.24	$12,597
May 1998	1,046	248	12.62	2.21	$13,748
Apr 1998	897	240	13.04	2.51	$12,298
Mar 1998	1,267	248	12.80	2.31	$16,790
Feb 1998	898	224	13.95	2.30	$13,042
Jan 1998	1,273	248	14.70	2.15	$19,247
Dec 1997	1,274	248	16.32	2.41	$21,390
Nov 1997	1,279	240	18.19	3.09	$24,006
Oct 1997	1,611	248	19.25	3.15	$31,793
Sep 1997	1,262	208	17.74	2.95	$23,003
Aug 1997	1,438	248	17.86	2.55	$26,316
Jul 1997	1,239	176	17.58	2.25	$22,177
Jun 1997	1,606	224	17.24	2.26	$28,193
May 1997	1,535	248	18.97	2.31	$29,691
Apr 1997	1,812	240	17.88	2.08	$32,898
Mar 1997	1,613	248	18.95	1.94	$31,047
Feb 1997	1,108	144	20.49	2.21	$23,021
Jan 1997	1,429	200	23.48	3.54	$34,261
Dec 1996	1,639	651	23.32	—	$38,221
Nov 1996	1,814	839	21.97	—	$39,854
Oct 1996	1,872	786	23.31	—	$43,636
Sep 1996	0	0	22.22	—	$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.

Dec 2005 — as filed, then multipliedworked

Oil                   73 bbl  × $ 54.94 =     $4,011
Casinghead gas         8 Mcf  × $ 13.42 =       $107

────────────────────────────────────────────────────
Month total                                   $4,118

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/3531 is the state's own key, not one this site invented.