KING, T. B. GAS UNIT

Name: KING, T. B. GAS UNIT lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by CHESAPEAKE OPERATING, INC. (P-5 147715) in the NACONICHE CREEK (ROD.-TP CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 115842District 06Field 64300287NGPA filingCondensateGasSave Export

Value, all time

$1.0 M

Jan 1993 – Jan 2013

Value, last 12 filed months

at the published price for each month

Months reported

241

no gaps in the span

Streams

condensate, gas

The NACONICHE CREEK (ROD.-TP CONS.) 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 373 leases and 373 wells, and the rule below applies to all of them.

Discovered

2005-09-27

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2005-09-27.

The Commission's schedule remark for this field reads: “BY HEARING.”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	1,921 bbl	$52,406
Gas	Production	353,613 Mcf	$988,471
Total			$1,040,877

140,163 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 (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 31.7623, -94.5892. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.76234, -94.58918 · 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

10,285 ft

1 wells filed one

Completion to plug

27.8 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 10,285 ft.

Completions filed

Mar 1985

1 of 1 wells

Plug dates filed

Jan 2013

1 of 1 wells

Last completion to plug: a median of 27.8 years across the 1 well that filed both dates, with the middle half between 27.8 years and 27.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-34731358	1	10,285 ft	Mar 1985	Jan 2013	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 (241)

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

241 months


Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
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	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	151	0	67.42	3.22	$10,180
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	12	37.10	5.98	$72
Nov 2008	1	571	55.49	6.86	$3,973
Oct 2008	0	771	75.24	6.92	$5,337
Sep 2008	2	630	101.76	7.88	$5,166
Aug 2008	3	739	114.22	8.48	$6,612
Jul 2008	3	809	131.08	11.39	$9,607
Jun 2008	0	740	131.33	13.03	$9,644
May 2008	0	832	123.17	11.57	$9,630
Apr 2008	0	775	110.31	10.45	$8,103
Mar 2008	1	832	101.90	9.66	$8,142
Feb 2008	0	882	92.53	8.77	$7,736
Jan 2008	0	880	90.38	8.21	$7,221
Dec 2007	0	891	88.33	7.30	$6,506
Nov 2007	0	793	91.67	7.29	$5,782
Oct 2007	0	721	82.85	6.92	$4,991
Sep 2007	0	747	75.84	6.24	$4,664
Aug 2007	0	921	69.06	6.39	$5,883
Jul 2007	0	1,042	70.90	6.39	$6,656
Jun 2007	0	912	62.00	7.55	$6,884
May 2007	0	850	58.74	7.85	$6,669
Apr 2007	0	945	59.61	7.81	$7,376
Mar 2007	0	721	56.92	7.30	$5,265
Feb 2007	0	1,007	55.10	8.22	$8,274
Jan 2007	3	1,188	50.30	6.73	$8,142
Dec 2006	0	1,095	56.65	6.92	$7,576
Nov 2006	0	1,199	54.20	7.62	$9,133
Oct 2006	0	978	54.90	6.01	$5,882
Sep 2006	0	886	60.08	5.04	$4,463
Aug 2006	0	1,065	68.71	7.34	$7,817
Jul 2006	0	257	69.37	6.34	$1,630
Jun 2006	2	656	66.28	6.38	$4,320
May 2006	0	1,052	66.01	6.42	$6,759
Apr 2006	0	1,236	64.39	7.36	$9,098
Mar 2006	0	1,279	56.70	7.08	$9,059
Feb 2006	0	1,040	57.59	7.75	$8,061
Jan 2006	31	1,231	60.59	8.93	$12,875
Dec 2005	0	943	54.94	13.42	$12,651
Nov 2005	187	839	54.69	10.59	$19,111
Oct 2005	0	1,322	58.34	13.80	$18,238
Sep 2005	0	1,172	61.45	12.08	$14,157
Aug 2005	0	1,238	61.51	9.80	$12,128
Jul 2005	0	1,096	55.69	7.84	$8,597
Jun 2005	0	1,161	52.33	7.38	$8,569
May 2005	0	1,164	45.22	6.65	$7,742
Apr 2005	0	1,095	49.20	7.36	$8,060
Mar 2005	0	818	50.37	7.15	$5,853
Feb 2005	0	807	45.22	6.31	$5,094
Jan 2005	0	1,265	43.16	6.32	$7,998
Dec 2004	0	1,350	39.86	6.75	$9,114
Nov 2004	0	708	45.28	6.33	$4,482
Oct 2004	0	604	49.70	6.52	$3,935
Sep 2004	0	1,341	43.24	5.28	$7,086
Aug 2004	0	1,529	42.37	5.55	$8,487
Jul 2004	0	1,791	38.28	6.08	$10,897
Jun 2004	0	1,429	36.10	6.43	$9,193
May 2004	0	1,755	37.48	6.49	$11,398
Apr 2004	0	1,809	34.47	5.86	$10,598
Mar 2004	0	1,627	34.36	5.53	$8,998
Feb 2004	0	1,470	32.45	5.51	$8,099
Jan 2004	0	1,462	32.03	6.30	$9,210
Dec 2003	0	1,634	30.26	6.30	$10,297
Nov 2003	0	1,426	28.80	4.60	$6,553
Oct 2003	0	1,515	28.17	4.76	$7,211
Sep 2003	0	1,542	26.31	4.75	$7,324
Aug 2003	0	1,678	29.76	5.13	$8,608
Jul 2003	0	1,719	29.41	5.17	$8,889
Jun 2003	0	2,075	28.56	5.98	$12,415
May 2003	194	1,503	26.59	5.97	$14,135
Apr 2003	0	1,520	26.67	5.41	$8,219
Mar 2003	0	1,604	31.14	6.10	$9,778
Feb 2003	0	1,395	33.48	7.93	$11,057
Jan 2003	0	1,648	30.31	5.58	$9,199
Dec 2002	0	1,633	26.91	4.85	$7,926
Nov 2002	0	1,512	24.66	4.14	$6,255
Oct 2002	0	1,927	26.46	4.23	$8,150
Sep 2002	0	1,618	27.44	3.64	$5,882
Aug 2002	0	1,852	25.96	3.16	$5,860
Jul 2002	0	1,922	24.58	3.06	$5,885
Jun 2002	0	1,669	23.73	3.34	$5,572
May 2002	0	1,648	24.66	3.58	$5,906
Apr 2002	0	1,894	23.65	3.51	$6,652
Mar 2002	0	1,646	22.00	3.10	$5,107
Feb 2002	0	1,591	18.22	2.38	$3,780
Jan 2002	0	1,180	17.17	2.38	$2,803
Dec 2001	0	1,445	16.93	2.36	$3,417
Nov 2001	0	1,538	18.07	2.41	$3,700
Oct 2001	0	1,559	19.78	2.53	$3,943
Sep 2001	0	1,425	24.26	2.25	$3,208
Aug 2001	0	1,989	24.87	3.05	$6,073
Jul 2001	0	1,976	23.93	3.20	$6,317
Jun 2001	0	1,674	24.56	3.82	$6,402
May 2001	0	1,762	25.52	4.31	$7,590
Apr 2001	0	1,925	24.68	5.34	$10,270
Mar 2001	0	1,713	24.54	5.38	$9,210
Feb 2001	0	1,703	27.75	5.77	$9,821
Jan 2001	0	2,013	27.47	8.40	$16,907
Dec 2000	0	2,011	26.88	9.12	$18,345
Nov 2000	0	1,802	32.21	5.66	$10,196
Oct 2000	0	1,859	31.23	5.15	$9,565
Sep 2000	177	864	31.87	5.19	$10,122
Aug 2000	0	1,530	29.64	4.54	$6,947
Jul 2000	0	1,727	28.53	4.09	$7,063
Jun 2000	0	1,745	29.30	4.40	$7,673
May 2000	0	1,976	27.26	3.68	$7,271
Apr 2000	0	1,980	24.51	3.12	$6,170
Mar 2000	0	1,928	28.42	2.86	$5,514
Feb 2000	0	1,967	27.62	2.73	$5,363
Jan 2000	0	2,173	25.27	2.48	$5,390
Dec 1999	0	2,055	24.28	2.42	$4,981
Nov 1999	0	1,834	23.19	2.43	$4,464
Oct 1999	0	2,155	20.98	2.80	$6,042
Sep 1999	0	1,690	21.75	2.62	$4,426
Aug 1999	0	1,673	19.26	2.88	$4,811
Jul 1999	0	1,792	17.89	2.37	$4,251
Jun 1999	0	2,150	15.94	2.36	$5,079
May 1999	0	2,336	15.79	2.32	$5,422
Apr 1999	0	1,097	15.10	2.21	$2,422
Mar 1999	212	1,775	12.47	1.84	$5,907
Feb 1999	0	854	9.98	1.82	$1,552
Jan 1999	0	1,196	10.38	1.90	$2,272
Dec 1998	0	1,395	9.20	1.77	$2,474
Nov 1998	0	1,440	10.89	2.19	$3,147
Oct 1998	0	1,430	12.42	1.97	$2,816
Sep 1998	0	1,426	12.59	2.08	$2,970
Aug 1998	0	1,260	11.30	1.91	$2,403
Jul 1998	0	1,882	11.74	2.24	$4,211
Jun 1998	0	1,550	11.24	2.24	$3,468
May 1998	0	2,200	12.62	2.21	$4,854
Apr 1998	0	2,499	13.04	2.51	$6,261
Mar 1998	0	2,485	12.80	2.31	$5,739
Feb 1998	0	1,876	13.95	2.30	$4,313
Jan 1998	0	2,223	14.70	2.15	$4,790
Dec 1997	0	2,366	16.32	2.41	$5,705
Nov 1997	0	1,853	18.19	3.09	$5,723
Oct 1997	0	1,387	19.25	3.15	$4,369
Sep 1997	0	2,175	17.74	2.95	$6,427
Aug 1997	0	2,265	17.86	2.55	$5,786
Jul 1997	0	2,713	17.58	2.25	$6,096
Jun 1997	0	2,611	17.24	2.26	$5,894
May 1997	189	2,757	18.97	2.31	$9,950
Apr 1997	0	2,657	17.88	2.08	$5,534
Mar 1997	0	2,774	18.95	1.94	$5,379
Feb 1997	0	2,475	20.49	2.21	$5,460
Jan 1997	0	2,529	23.48	3.54	$8,952
Dec 1996	0	2,779	23.32	—	$0
Nov 1996	0	2,546	21.97	—	$0
Oct 1996	0	2,649	23.31	—	$0
Sep 1996	0	2,693	22.22	—	$0
Aug 1996	0	2,186	20.26	—	$0
Jul 1996	0	2,294	19.55	—	$0
Jun 1996	0	2,573	18.73	—	$0
May 1996	0	2,584	19.43	—	$0
Apr 1996	0	2,553	21.51	—	$0
Mar 1996	0	2,610	19.38	—	$0
Feb 1996	0	2,500	16.98	—	$0
Jan 1996	211	2,869	17.07	—	$3,602
Dec 1995	0	2,924	17.19	—	$0
Nov 1995	0	2,990	16.00	—	$0
Oct 1995	0	2,858	15.43	—	$0
Sep 1995	0	2,805	16.18	—	$0
Aug 1995	0	2,747	15.92	—	$0
Jul 1995	0	2,916	15.24	—	$0
Jun 1995	0	2,972	16.41	—	$0
May 1995	0	3,192	17.56	—	$0
Apr 1995	0	3,006	17.73	—	$0
Mar 1995	0	3,272	16.44	—	$0
Feb 1995	0	2,810	16.58	—	$0
Jan 1995	191	3,055	15.92	—	$3,041
Dec 1994	0	3,304	15.03	—	$0
Nov 1994	0	3,641	15.90	—	$0
Oct 1994	0	4,671	15.58	—	$0
Sep 1994	0	2,003	15.29	—	$0
Aug 1994	0	3,269	16.13	—	$0
Jul 1994	0	1,297	17.56	—	$0
Jun 1994	0	1,760	17.09	—	$0
May 1994	0	3,354	15.88	—	$0
Apr 1994	0	3,436	14.14	—	$0
Mar 1994	181	3,523	12.46	—	$2,255
Feb 1994	0	3,237	12.50	—	$0
Jan 1994	0	3,664	12.66	—	$0
Dec 1993	0	3,388	12.33	—	$0
Nov 1993	0	3,525	14.49	—	$0
Oct 1993	0	3,770	15.85	—	$0
Sep 1993	0	3,725	15.03	—	$0
Aug 1993	0	3,809	15.66	—	$0
Jul 1993	182	3,309	15.46	—	$2,814
Jun 1993	0	1,919	16.79	—	$0
May 1993	0	2,486	17.68	—	$0
Apr 1993	0	2,505	18.05	—	$0
Mar 1993	0	2,877	18.14	—	$0
Feb 1993	0	2,383	17.90	—	$0
Jan 1993	0	2,925	16.93	—	$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.

Aug 2009 — as filed, then multipliedworked

Condensate           151 bbl  × $ 67.42 =    $10,180
Gas                    0 Mcf  × $  3.22 =         $0

────────────────────────────────────────────────────
Month total                                  $10,180

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. 06/G/115842 is the state's own key, not one this site invented.