MORGAN, J. C.

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

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the YANTIS (HEARD, UP.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 116263District 06Field 99254190NGPA filingCondensateGasSave Export

Value, all time

$638 k

Jan 1993 – Feb 2011

Value, last 12 filed months

at the published price for each month

Months reported

218

no gaps in the span

Streams

condensate, gas

The YANTIS (HEARD, UP.) 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 3 leases and 3 wells, and the rule below applies to all of them.

Discovered

1982-12-12

as the register files it

Field class

Gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “ZONE) FIELD-(99254166).”

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	4,250 bbl	$73,975
Gas	Production	214,846 Mcf	$564,350
Total			$638,324

76,188 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 32.9391, -95.4972. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.93911, -95.49716 · 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

7,986 ft

1 wells filed one

Completion to plug

25.9 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 7,986 ft.

Completions filed

Mar 1985

1 of 1 wells

Plug dates filed

Feb 2011

1 of 1 wells

Last completion to plug: a median of 25.9 years across the 1 well that filed both dates, with the middle half between 25.9 years and 25.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-49931332	2	7,986 ft	Mar 1985	Feb 2011	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 (218)

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

218 months


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	0	0	67.42	3.22	$0
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	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
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	76	62.00	7.55	$574
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	9	56.65	6.92	$62
Nov 2006	0	11	54.20	7.62	$84
Oct 2006	0	29	54.90	6.01	$174
Sep 2006	0	24	60.08	5.04	$121
Aug 2006	0	51	68.71	7.34	$374
Jul 2006	0	492	69.37	6.34	$3,121
Jun 2006	0	445	66.28	6.38	$2,841
May 2006	0	204	66.01	6.42	$1,311
Apr 2006	0	170	64.39	7.36	$1,251
Mar 2006	0	163	56.70	7.08	$1,155
Feb 2006	0	242	57.59	7.75	$1,876
Jan 2006	0	429	60.59	8.93	$3,832
Dec 2005	0	383	54.94	13.42	$5,138
Nov 2005	0	406	54.69	10.59	$4,299
Oct 2005	0	547	58.34	13.80	$7,546
Sep 2005	0	478	61.45	12.08	$5,774
Aug 2005	0	483	61.51	9.80	$4,732
Jul 2005	0	562	55.69	7.84	$4,408
Jun 2005	0	580	52.33	7.38	$4,281
May 2005	0	614	45.22	6.65	$4,084
Apr 2005	0	626	49.20	7.36	$4,608
Mar 2005	0	702	50.37	7.15	$5,023
Feb 2005	0	558	45.22	6.31	$3,522
Jan 2005	0	653	43.16	6.32	$4,128
Dec 2004	0	704	39.86	6.75	$4,753
Nov 2004	0	651	45.28	6.33	$4,121
Oct 2004	0	718	49.70	6.52	$4,678
Sep 2004	0	694	43.24	5.28	$3,667
Aug 2004	0	858	42.37	5.55	$4,762
Jul 2004	0	706	38.28	6.08	$4,295
Jun 2004	0	764	36.10	6.43	$4,915
May 2004	0	828	37.48	6.49	$5,378
Apr 2004	0	780	34.47	5.86	$4,570
Mar 2004	0	795	34.36	5.53	$4,396
Feb 2004	0	1,199	32.45	5.51	$6,606
Jan 2004	0	1,661	32.03	6.30	$10,464
Dec 2003	0	704	30.26	6.30	$4,436
Nov 2003	0	1,713	28.80	4.60	$7,872
Oct 2003	0	1,693	28.17	4.76	$8,058
Sep 2003	0	1,770	26.31	4.75	$8,406
Aug 2003	0	1,621	29.76	5.13	$8,315
Jul 2003	0	1,909	29.41	5.17	$9,871
Jun 2003	0	1,514	28.56	5.98	$9,058
May 2003	0	1,738	26.59	5.97	$10,381
Apr 2003	0	1,538	26.67	5.41	$8,316
Mar 2003	0	1,901	31.14	6.10	$11,589
Feb 2003	0	1,584	33.48	7.93	$12,555
Jan 2003	0	1,433	30.31	5.58	$7,999
Dec 2002	0	1,433	26.91	4.85	$6,955
Nov 2002	0	1,416	24.66	4.14	$5,858
Oct 2002	0	1,601	26.46	4.23	$6,771
Sep 2002	0	1,493	27.44	3.64	$5,427
Aug 2002	0	1,726	25.96	3.16	$5,461
Jul 2002	0	1,423	24.58	3.06	$4,357
Jun 2002	0	1,703	23.73	3.34	$5,685
May 2002	0	1,523	24.66	3.58	$5,458
Apr 2002	0	839	23.65	3.51	$2,947
Mar 2002	0	1,787	22.00	3.10	$5,545
Feb 2002	0	2,098	18.22	2.38	$4,984
Jan 2002	0	604	17.17	2.38	$1,435
Dec 2001	0	725	16.93	2.36	$1,714
Nov 2001	0	1,422	18.07	2.41	$3,421
Oct 2001	0	1,736	19.78	2.53	$4,390
Sep 2001	0	1,762	24.26	2.25	$3,967
Aug 2001	0	1,815	24.87	3.05	$5,541
Jul 2001	0	1,426	23.93	3.20	$4,559
Jun 2001	0	1,875	24.56	3.82	$7,170
May 2001	0	1,629	25.52	4.31	$7,017
Apr 2001	0	1,814	24.68	5.34	$9,678
Mar 2001	1	964	24.54	5.38	$5,207
Feb 2001	0	94	27.75	5.77	$542
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	1,707	26.88	9.12	$15,572
Nov 2000	0	2,510	32.21	5.66	$14,202
Oct 2000	0	2,480	31.23	5.15	$12,761
Sep 2000	0	2,270	31.87	5.19	$11,773
Aug 2000	0	2,632	29.64	4.54	$11,951
Jul 2000	0	2,816	28.53	4.09	$11,517
Jun 2000	193	1,732	29.30	4.40	$13,271
May 2000	0	0	27.26	3.68	$0
Apr 2000	0	548	24.51	3.12	$1,708
Mar 2000	0	1,397	28.42	2.86	$3,995
Feb 2000	56	1,429	27.62	2.73	$5,443
Jan 2000	0	995	25.27	2.48	$2,468
Dec 1999	0	1,038	24.28	2.42	$2,516
Nov 1999	0	1,073	23.19	2.43	$2,612
Oct 1999	136	1,552	20.98	2.80	$7,205
Sep 1999	0	1,285	21.75	2.62	$3,365
Aug 1999	0	1,577	19.26	2.88	$4,535
Jul 1999	0	1,325	17.89	2.37	$3,143
Jun 1999	0	1,869	15.94	2.36	$4,415
May 1999	0	1,311	15.79	2.32	$3,043
Apr 1999	79	1,618	15.10	2.21	$4,766
Mar 1999	0	1,024	12.47	1.84	$1,882
Feb 1999	0	1,377	9.98	1.82	$2,503
Jan 1999	0	1,476	10.38	1.90	$2,804
Dec 1998	109	1,219	9.20	1.77	$3,164
Nov 1998	0	1,550	10.89	2.19	$3,388
Oct 1998	0	1,871	12.42	1.97	$3,684
Sep 1998	148	1,919	12.59	2.08	$5,860
Aug 1998	0	1,822	11.30	1.91	$3,475
Jul 1998	0	1,627	11.74	2.24	$3,640
Jun 1998	0	1,300	11.24	2.24	$2,908
May 1998	62	798	12.62	2.21	$2,543
Apr 1998	60	1,030	13.04	2.51	$3,363
Mar 1998	66	1,162	12.80	2.31	$3,528
Feb 1998	64	755	13.95	2.30	$2,629
Jan 1998	62	1,182	14.70	2.15	$3,458
Dec 1997	93	780	16.32	2.41	$3,398
Nov 1997	0	313	18.19	3.09	$967
Oct 1997	62	1,259	19.25	3.15	$5,159
Sep 1997	104	1,343	17.74	2.95	$5,813
Aug 1997	0	1,323	17.86	2.55	$3,380
Jul 1997	128	1,229	17.58	2.25	$5,012
Jun 1997	0	1,185	17.24	2.26	$2,675
May 1997	0	1,428	18.97	2.31	$3,297
Apr 1997	58	1,281	17.88	2.08	$3,705
Mar 1997	63	1,251	18.95	1.94	$3,620
Feb 1997	56	1,270	20.49	2.21	$3,949
Jan 1997	157	1,399	23.48	3.54	$8,638
Dec 1996	87	1,232	23.32	—	$2,029
Nov 1996	0	1,227	21.97	—	$0
Oct 1996	0	1,327	23.31	—	$0
Sep 1996	81	1,336	22.22	—	$1,800
Aug 1996	0	1,458	20.26	—	$0
Jul 1996	166	1,447	19.55	—	$3,245
Jun 1996	0	1,309	18.73	—	$0
May 1996	0	1,404	19.43	—	$0
Apr 1996	94	1,631	21.51	—	$2,022
Mar 1996	0	50	19.38	—	$0
Feb 1996	2	4	16.98	—	$34
Jan 1996	128	952	17.07	—	$2,185
Dec 1995	0	1,034	17.19	—	$0
Nov 1995	59	1,391	16.00	—	$944
Oct 1995	62	1,553	15.43	—	$957
Sep 1995	56	1,688	16.18	—	$906
Aug 1995	58	1,834	15.92	—	$923
Jul 1995	61	1,544	15.24	—	$930
Jun 1995	58	1,821	16.41	—	$952
May 1995	57	1,815	17.56	—	$1,001
Apr 1995	47	1,729	17.73	—	$833
Mar 1995	54	1,952	16.44	—	$888
Feb 1995	54	1,635	16.58	—	$895
Jan 1995	58	1,696	15.92	—	$923
Dec 1994	58	1,727	15.03	—	$872
Nov 1994	105	1,719	15.90	—	$1,670
Oct 1994	0	1,746	15.58	—	$0
Sep 1994	60	1,809	15.29	—	$917
Aug 1994	99	1,937	16.13	—	$1,597
Jul 1994	0	1,937	17.56	—	$0
Jun 1994	60	1,860	17.09	—	$1,025
May 1994	68	1,946	15.88	—	$1,080
Apr 1994	62	1,853	14.14	—	$877
Mar 1994	119	1,946	12.46	—	$1,483
Feb 1994	0	1,394	12.50	—	$0
Jan 1994	41	1,834	12.66	—	$519
Dec 1993	80	1,547	12.33	—	$986
Nov 1993	0	1,817	14.49	—	$0
Oct 1993	60	1,579	15.85	—	$951
Sep 1993	60	1,812	15.03	—	$902
Aug 1993	62	1,870	15.66	—	$971
Jul 1993	98	1,765	15.46	—	$1,515
Jun 1993	0	1,667	16.79	—	$0
May 1993	56	1,988	17.68	—	$990
Apr 1993	54	1,871	18.05	—	$975
Mar 1993	44	1,877	18.14	—	$798
Feb 1993	42	1,790	17.90	—	$752
Jan 1993	83	1,828	16.93	—	$1,405

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.

Jun 2007 — as filed, then multipliedworked

Condensate             0 bbl  × $ 62.00 =         $0
Gas                   76 Mcf  × $  7.55 =       $574

────────────────────────────────────────────────────
Month total                                     $574

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/116263 is the state's own key, not one this site invented.