GILBERT, H. C. 43

Name: GILBERT, H. C. 43 lease production and value, Oct 2000 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 (PECAN GAP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 3706District 05Field 93042390OilCasinghead gasSave Export

Value, all time

$1.9 M

Oct 2000 – Sep 2008

Value, last 12 filed months

$68 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The VAN (PECAN GAP) 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 34 leases and 76 wells, and the rule below applies to all of them.

Discovered

1988-07-02

as the register files it

Field class

Oil and gas

the register's own label

Between wells

250 ft

minimum

From a lease line

200 ft

minimum

A drilling unit in this field needs at least 5 acres. The field rule took effect on 1995-08-01.

The Commission's schedule remark for this field reads: “FIELD RULES EFFECTIVE 8-1-95 PER DOCKET #05-0209092.”

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	54,154 bbl	$1,543,884
Casinghead gas	Production	63,979 Mcf	$342,992
Total			$1,886,877

Wells on this lease (7)

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 32.5288, -95.6539. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.52880, -95.65435 · 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%

7 of 7 wells

With a plug date

100.0%

7 of 7 wells

Median depth

2,958 ft

7 wells filed one

Completion to plug

7.4 years

median over 7 wells

What the state filed about each well

On the RRC proration schedule

7100.0%

A plug date is filed

7100.0%

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

7100.0%

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 2,452 and 3,271 ft, median 2,958 ft, over the 7 wells that filed a depth.

Completions filed

Oct 2000 – Mar 2002

7 of 7 wells

Plug dates filed

Jul 2008 – Aug 2008

7 of 7 wells

Last completion to plug: a median of 7.4 years across the 7 wells that filed both dates, with the middle half between 7.3 years and 7.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

7 wells


42-46700976	3	2,972 ft	Mar 2002	Jul 2008	Yes
42-46700975	6	3,021 ft	May 2001	Jul 2008	Yes
42-46730739	10	3,271 ft	Mar 2001	Jul 2008	Yes
42-46730705	9	2,475 ft	Feb 2001	Jul 2008	Yes
42-46700973	4	2,958 ft	Feb 2001	Aug 2008	Yes
42-46730771	11	2,452 ft	Jan 2001	Aug 2008	Yes
42-46730970	12	2,505 ft	Oct 2000	Aug 2008	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 (96)

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

96 months


Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	7	201	131.08	11.39	$3,207
Jun 2008	16	103	131.33	13.03	$3,444
May 2008	45	337	123.17	11.57	$9,443
Apr 2008	28	360	110.31	10.45	$6,852
Mar 2008	46	325	101.90	9.66	$7,828
Feb 2008	26	187	92.53	8.77	$4,046
Jan 2008	38	397	90.38	8.21	$6,692
Dec 2007	23	415	88.33	7.30	$5,062
Nov 2007	42	359	91.67	7.29	$6,468
Oct 2007	144	462	82.85	6.92	$15,128
Sep 2007	100	504	75.84	6.24	$10,731
Aug 2007	50	540	69.06	6.39	$6,902
Jul 2007	87	485	70.90	6.39	$9,266
Jun 2007	88	403	62.00	7.55	$8,498
May 2007	110	590	58.74	7.85	$11,091
Apr 2007	106	320	59.61	7.81	$8,816
Mar 2007	114	292	56.92	7.30	$8,621
Feb 2007	103	294	55.10	8.22	$8,091
Jan 2007	175	316	50.30	6.73	$10,928
Dec 2006	98	341	56.65	6.92	$7,911
Nov 2006	48	341	54.20	7.62	$5,199
Oct 2006	24	117	54.90	6.01	$2,021
Sep 2006	54	0	60.08	5.04	$3,244
Aug 2006	93	333	68.71	7.34	$8,834
Jul 2006	64	349	69.37	6.34	$6,653
Jun 2006	67	349	66.28	6.38	$6,669
May 2006	99	356	66.01	6.42	$8,822
Apr 2006	76	330	64.39	7.36	$7,323
Mar 2006	67	332	56.70	7.08	$6,150
Feb 2006	65	291	57.59	7.75	$5,999
Jan 2006	57	324	60.59	8.93	$6,348
Dec 2005	62	326	54.94	13.42	$7,780
Nov 2005	69	380	54.69	10.59	$7,797
Oct 2005	63	311	58.34	13.80	$7,966
Sep 2005	64	322	61.45	12.08	$7,822
Aug 2005	85	321	61.51	9.80	$8,373
Jul 2005	99	379	55.69	7.84	$8,486
Jun 2005	118	372	52.33	7.38	$8,921
May 2005	133	393	45.22	6.65	$8,628
Apr 2005	112	368	49.20	7.36	$8,219
Mar 2005	134	383	50.37	7.15	$9,490
Feb 2005	126	339	45.22	6.31	$7,837
Jan 2005	118	380	43.16	6.32	$7,495
Dec 2004	132	386	39.86	6.75	$7,867
Nov 2004	131	384	45.28	6.33	$8,363
Oct 2004	148	392	49.70	6.52	$9,910
Sep 2004	159	415	43.24	5.28	$9,068
Aug 2004	181	442	42.37	5.55	$10,122
Jul 2004	175	465	38.28	6.08	$9,528
Jun 2004	147	449	36.10	6.43	$8,195
May 2004	136	474	37.48	6.49	$8,176
Apr 2004	137	430	34.47	5.86	$7,242
Mar 2004	172	479	34.36	5.53	$8,559
Feb 2004	179	416	32.45	5.51	$8,101
Jan 2004	159	460	32.03	6.30	$7,991
Dec 2003	186	504	30.26	6.30	$8,804
Nov 2003	146	496	28.80	4.60	$6,484
Oct 2003	167	528	28.17	4.76	$7,217
Sep 2003	160	528	26.31	4.75	$6,717
Aug 2003	186	574	29.76	5.13	$8,480
Jul 2003	183	584	29.41	5.17	$8,402
Jun 2003	174	604	28.56	5.98	$8,583
May 2003	224	646	26.59	5.97	$9,815
Apr 2003	193	687	26.67	5.41	$8,862
Mar 2003	248	725	31.14	6.10	$12,142
Feb 2003	245	640	33.48	7.93	$13,275
Jan 2003	300	667	30.31	5.58	$12,816
Dec 2002	317	695	26.91	4.85	$11,904
Nov 2002	341	681	24.66	4.14	$11,226
Oct 2002	380	731	26.46	4.23	$13,146
Sep 2002	319	583	27.44	3.64	$10,873
Aug 2002	442	709	25.96	3.16	$13,718
Jul 2002	469	730	24.58	3.06	$13,763
Jun 2002	528	755	23.73	3.34	$15,050
May 2002	686	806	24.66	3.58	$19,805
Apr 2002	697	763	23.65	3.51	$19,164
Mar 2002	672	710	22.00	3.10	$16,987
Feb 2002	565	1,243	18.22	2.38	$13,247
Jan 2002	750	1,411	17.17	2.38	$16,230
Dec 2001	814	1,129	16.93	2.36	$16,450
Nov 2001	890	1,529	18.07	2.41	$19,760
Oct 2001	1,136	1,949	19.78	2.53	$27,399
Sep 2001	1,282	1,677	24.26	2.25	$34,877
Aug 2001	1,601	1,668	24.87	3.05	$44,910
Jul 2001	1,984	1,947	23.93	3.20	$53,702
Jun 2001	2,309	2,036	24.56	3.82	$64,495
May 2001	3,110	3,229	25.52	4.31	$93,276
Apr 2001	4,213	2,605	24.68	5.34	$117,875
Mar 2001	5,937	2,794	24.54	5.38	$160,716
Feb 2001	5,618	1,688	27.75	5.77	$165,634
Jan 2001	3,720	891	27.47	8.40	$109,672
Dec 2000	2,071	1,191	26.88	9.12	$66,533
Nov 2000	3,257	2,229	32.21	5.66	$117,520
Oct 2000	2,435	598	31.23	5.15	$79,122

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.

Jul 2008 — as filed, then multipliedworked

Oil                    7 bbl  × $131.08 =       $918
Casinghead gas       201 Mcf  × $ 11.39 =     $2,289

────────────────────────────────────────────────────
Month total                                   $3,207

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/3706 is the state's own key, not one this site invented.