FINDLEY, M.K.

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

Operated by MEMORIAL PRODUCTION OPER. LLC (P-5 559624) in the OAK HILL (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 120202District 06Field 66461275NGPA filingCondensateGasSave Export

Value, all time

$1.9 M

Jan 1993 – Jan 2015

Value, last 12 filed months

$66 k

at the published price for each month

Months reported

265

no gaps in the span

Streams

condensate, gas

The OAK HILL (COTTON VALLEY) 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 2,275 leases and 2,276 wells, and the rule below applies to all of them.

Discovered

1976-11-17

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,200 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2018-03-20.

The Commission's schedule remark for this field reads: “FIELD. EFFECTIVE 4/12/16.”

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	3,101 bbl	$110,428
Gas	Production	715,522 Mcf	$1,792,832
Total			$1,903,260

324,960 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 32.3566, -94.5038. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.35656, -94.50381 · 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

10,425 ft

1 wells filed one

Completion to plug

29.1 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 10,425 ft.

Completions filed

Dec 1985

1 of 1 wells

Plug dates filed

Jan 2015

1 of 1 wells

Last completion to plug: a median of 29.1 years across the 1 well that filed both dates, with the middle half between 29.1 years and 29.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-40132046	2	10,425 ft	Dec 1985	Jan 2015	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 (265)

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

265 months


Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	804	54.69	3.59	$2,887
Nov 2014	0	1,122	70.46	4.25	$4,771
Oct 2014	0	1,169	78.30	3.90	$4,560
Sep 2014	0	1,160	86.16	4.05	$4,693
Aug 2014	0	1,177	89.39	4.04	$4,749
Jul 2014	0	1,180	96.56	4.18	$4,932
Jun 2014	0	1,133	98.16	4.74	$5,367
May 2014	0	1,140	94.73	4.73	$5,388
Apr 2014	117	1,089	95.94	4.81	$16,462
Mar 2014	0	1,135	95.89	5.06	$5,739
Feb 2014	0	1,044	97.40	6.19	$6,464
Jan 2014	0	1,151	90.40	4.86	$5,595
Dec 2013	0	1,196	91.82	4.35	$5,208
Nov 2013	0	1,184	88.85	3.74	$4,426
Oct 2013	0	1,161	97.42	3.78	$4,388
Sep 2013	0	1,118	104.11	3.72	$4,156
Aug 2013	0	1,199	104.25	3.52	$4,224
Jul 2013	0	1,273	102.52	3.72	$4,733
Jun 2013	0	1,219	94.40	3.93	$4,795
May 2013	1	1,556	94.83	4.15	$6,551
Apr 2013	0	1,584	93.96	4.28	$6,784
Mar 2013	1	1,772	93.62	3.91	$7,027
Feb 2013	0	2,022	91.23	3.42	$6,915
Jan 2013	0	2,173	91.60	3.42	$7,431
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	160	0	79.82	2.52	$12,771
May 2012	0	1,032	91.61	2.49	$2,568
Apr 2012	0	1,279	101.65	2.00	$2,554
Mar 2012	0	1,339	105.05	2.22	$2,975
Feb 2012	0	1,272	101.10	2.57	$3,269
Jan 2012	0	1,371	98.09	2.73	$3,748
Dec 2011	0	1,378	96.87	3.24	$4,464
Nov 2011	0	1,353	95.72	3.31	$4,480
Oct 2011	0	1,350	84.98	3.65	$4,926
Sep 2011	0	1,320	83.62	3.99	$5,261
Aug 2011	0	1,416	83.40	4.15	$5,875
Jul 2011	0	1,326	94.14	4.52	$5,990
Jun 2011	0	1,338	92.90	4.64	$6,208
May 2011	0	1,349	98.13	4.40	$5,942
Apr 2011	0	1,419	105.96	4.33	$6,149
Mar 2011	0	1,478	96.36	4.06	$5,997
Feb 2011	0	1,199	85.64	4.18	$5,012
Jan 2011	0	1,253	86.50	4.59	$5,750
Dec 2010	0	1,386	85.73	4.35	$6,026
Nov 2010	0	1,268	80.84	3.80	$4,812
Oct 2010	0	1,447	78.10	3.51	$5,077
Sep 2010	154	1,288	72.63	3.98	$16,311
Aug 2010	0	1,403	73.68	4.42	$6,200
Jul 2010	0	1,423	72.55	4.74	$6,740
Jun 2010	0	1,362	70.36	4.91	$6,688
May 2010	0	1,393	71.12	4.24	$5,900
Apr 2010	0	1,309	81.69	4.12	$5,397
Mar 2010	0	1,425	78.39	4.39	$6,254
Feb 2010	0	1,260	73.58	5.44	$6,857
Jan 2010	0	1,464	74.36	5.96	$8,731
Dec 2009	174	1,379	71.44	5.48	$19,993
Nov 2009	0	1,366	74.59	3.75	$5,125
Oct 2009	0	1,386	72.54	4.11	$5,697
Sep 2009	0	1,471	65.54	3.06	$4,508
Aug 2009	0	1,696	67.42	3.22	$5,459
Jul 2009	0	1,209	61.13	3.46	$4,189
Jun 2009	0	1,408	66.16	3.90	$5,484
May 2009	0	1,525	54.74	3.93	$5,987
Apr 2009	0	1,445	46.77	3.59	$5,184
Mar 2009	0	1,471	42.14	4.06	$5,971
Feb 2009	0	1,337	32.81	4.63	$6,194
Jan 2009	0	1,103	35.86	5.37	$5,924
Dec 2008	0	1,211	37.10	5.98	$7,238
Nov 2008	0	1,305	55.49	6.86	$8,953
Oct 2008	0	1,410	75.24	6.92	$9,760
Sep 2008	0	1,392	101.76	7.88	$10,965
Aug 2008	0	1,489	114.22	8.48	$12,631
Jul 2008	0	1,449	131.08	11.39	$16,503
Jun 2008	0	1,375	131.33	13.03	$17,920
May 2008	0	1,428	123.17	11.57	$16,528
Apr 2008	0	1,422	110.31	10.45	$14,867
Mar 2008	148	1,571	101.90	9.66	$30,263
Feb 2008	0	1,477	92.53	8.77	$12,954
Jan 2008	0	1,524	90.38	8.21	$12,506
Dec 2007	0	1,579	88.33	7.30	$11,530
Nov 2007	0	1,578	91.67	7.29	$11,506
Oct 2007	0	1,571	82.85	6.92	$10,874
Sep 2007	0	1,591	75.84	6.24	$9,934
Aug 2007	0	1,668	69.06	6.39	$10,655
Jul 2007	0	1,638	70.90	6.39	$10,463
Jun 2007	0	1,667	62.00	7.55	$12,583
May 2007	0	1,680	58.74	7.85	$13,182
Apr 2007	0	1,627	59.61	7.81	$12,699
Mar 2007	0	1,900	56.92	7.30	$13,874
Feb 2007	0	2,004	55.10	8.22	$16,465
Jan 2007	0	1,441	50.30	6.73	$9,693
Dec 2006	0	1,735	56.65	6.92	$12,003
Nov 2006	0	2,185	54.20	7.62	$16,644
Oct 2006	0	164	54.90	6.01	$986
Sep 2006	0	614	60.08	5.04	$3,093
Aug 2006	103	1,413	68.71	7.34	$17,448
Jul 2006	0	1,825	69.37	6.34	$11,576
Jun 2006	0	1,603	66.28	6.38	$10,233
May 2006	0	1,608	66.01	6.42	$10,331
Apr 2006	0	1,419	64.39	7.36	$10,445
Mar 2006	0	1,594	56.70	7.08	$11,290
Feb 2006	0	1,307	57.59	7.75	$10,131
Jan 2006	0	1,506	60.59	8.93	$13,454
Dec 2005	0	1,445	54.94	13.42	$19,385
Nov 2005	0	1,597	54.69	10.59	$16,910
Oct 2005	0	1,711	58.34	13.80	$23,605
Sep 2005	0	1,483	61.45	12.08	$17,913
Aug 2005	0	1,547	61.51	9.80	$15,156
Jul 2005	0	1,804	55.69	7.84	$14,150
Jun 2005	0	1,520	52.33	7.38	$11,219
May 2005	0	1,735	45.22	6.65	$11,540
Apr 2005	0	1,556	49.20	7.36	$11,453
Mar 2005	0	1,476	50.37	7.15	$10,561
Feb 2005	0	1,225	45.22	6.31	$7,732
Jan 2005	0	1,246	43.16	6.32	$7,877
Dec 2004	0	1,201	39.86	6.75	$8,108
Nov 2004	0	1,462	45.28	6.33	$9,255
Oct 2004	0	1,801	49.70	6.52	$11,734
Sep 2004	0	1,789	43.24	5.28	$9,453
Aug 2004	0	1,721	42.37	5.55	$9,553
Jul 2004	0	1,663	38.28	6.08	$10,118
Jun 2004	0	1,607	36.10	6.43	$10,338
May 2004	0	1,716	37.48	6.49	$11,145
Apr 2004	0	1,753	34.47	5.86	$10,270
Mar 2004	0	1,838	34.36	5.53	$10,164
Feb 2004	0	1,582	32.45	5.51	$8,716
Jan 2004	0	1,779	32.03	6.30	$11,207
Dec 2003	0	1,953	30.26	6.30	$12,307
Nov 2003	0	2,067	28.80	4.60	$9,498
Oct 2003	0	2,184	28.17	4.76	$10,395
Sep 2003	0	1,886	26.31	4.75	$8,957
Aug 2003	0	2,271	29.76	5.13	$11,650
Jul 2003	0	2,607	29.41	5.17	$13,480
Jun 2003	0	2,622	28.56	5.98	$15,687
May 2003	0	2,750	26.59	5.97	$16,425
Apr 2003	0	2,546	26.67	5.41	$13,767
Mar 2003	0	2,644	31.14	6.10	$16,118
Feb 2003	0	2,436	33.48	7.93	$19,307
Jan 2003	0	2,782	30.31	5.58	$15,529
Dec 2002	175	2,667	26.91	4.85	$17,654
Nov 2002	0	3,205	24.66	4.14	$13,259
Oct 2002	0	2,103	26.46	4.23	$8,894
Sep 2002	0	2,668	27.44	3.64	$9,699
Aug 2002	0	2,511	25.96	3.16	$7,945
Jul 2002	0	1,569	24.58	3.06	$4,804
Jun 2002	0	1,802	23.73	3.34	$6,016
May 2002	0	2,263	24.66	3.58	$8,111
Apr 2002	0	3,050	23.65	3.51	$10,713
Mar 2002	0	2,777	22.00	3.10	$8,616
Feb 2002	0	2,366	18.22	2.38	$5,621
Jan 2002	0	2,475	17.17	2.38	$5,880
Dec 2001	0	1,701	16.93	2.36	$4,022
Nov 2001	0	2,420	18.07	2.41	$5,821
Oct 2001	0	2,685	19.78	2.53	$6,790
Sep 2001	0	2,883	24.26	2.25	$6,491
Aug 2001	0	2,922	24.87	3.05	$8,921
Jul 2001	0	1,776	23.93	3.20	$5,678
Jun 2001	0	1,907	24.56	3.82	$7,293
May 2001	0	2,195	25.52	4.31	$9,455
Apr 2001	0	2,861	24.68	5.34	$15,264
Mar 2001	165	2,098	24.54	5.38	$15,329
Feb 2001	0	1,682	27.75	5.77	$9,700
Jan 2001	0	1,877	27.47	8.40	$15,764
Dec 2000	0	2,062	26.88	9.12	$18,811
Nov 2000	0	2,034	32.21	5.66	$11,508
Oct 2000	0	2,335	31.23	5.15	$12,015
Sep 2000	0	2,331	31.87	5.19	$12,090
Aug 2000	0	2,926	29.64	4.54	$13,286
Jul 2000	0	3,115	28.53	4.09	$12,740
Jun 2000	0	3,314	29.30	4.40	$14,572
May 2000	0	2,796	27.26	3.68	$10,289
Apr 2000	0	3,149	24.51	3.12	$9,812
Mar 2000	0	3,316	28.42	2.86	$9,483
Feb 2000	0	5,167	27.62	2.73	$14,088
Jan 2000	0	3,567	25.27	2.48	$8,848
Dec 1999	0	2,429	24.28	2.42	$5,887
Nov 1999	0	1,644	23.19	2.43	$4,001
Oct 1999	0	1,991	20.98	2.80	$5,582
Sep 1999	0	1,989	21.75	2.62	$5,209
Aug 1999	0	2,138	19.26	2.88	$6,148
Jul 1999	0	2,425	17.89	2.37	$5,753
Jun 1999	164	2,595	15.94	2.36	$8,744
May 1999	0	2,790	15.79	2.32	$6,476
Apr 1999	0	2,014	15.10	2.21	$4,447
Mar 1999	0	2,084	12.47	1.84	$3,831
Feb 1999	0	1,857	9.98	1.82	$3,376
Jan 1999	0	2,053	10.38	1.90	$3,901
Dec 1998	0	1,946	9.20	1.77	$3,451
Nov 1998	0	1,876	10.89	2.19	$4,100
Oct 1998	0	2,314	12.42	1.97	$4,557
Sep 1998	0	2,126	12.59	2.08	$4,428
Aug 1998	0	2,457	11.30	1.91	$4,686
Jul 1998	0	2,245	11.74	2.24	$5,023
Jun 1998	0	2,174	11.24	2.24	$4,864
May 1998	0	2,063	12.62	2.21	$4,552
Apr 1998	0	1,951	13.04	2.51	$4,888
Mar 1998	0	2,192	12.80	2.31	$5,062
Feb 1998	0	2,110	13.95	2.30	$4,851
Jan 1998	0	2,097	14.70	2.15	$4,519
Dec 1997	0	2,109	16.32	2.41	$5,085
Nov 1997	0	3,193	18.19	3.09	$9,861
Oct 1997	0	3,195	19.25	3.15	$10,064
Sep 1997	0	3,075	17.74	2.95	$9,086
Aug 1997	0	3,724	17.86	2.55	$9,514
Jul 1997	0	2,853	17.58	2.25	$6,411
Jun 1997	0	2,724	17.24	2.26	$6,149
May 1997	0	3,606	18.97	2.31	$8,324
Apr 1997	0	3,385	17.88	2.08	$7,050
Mar 1997	183	3,267	18.95	1.94	$9,803
Feb 1997	0	3,692	20.49	2.21	$8,144
Jan 1997	0	4,172	23.48	3.54	$14,768
Dec 1996	0	3,101	23.32	—	$0
Nov 1996	0	4,759	21.97	—	$0
Oct 1996	0	3,047	23.31	—	$0
Sep 1996	0	3,416	22.22	—	$0
Aug 1996	0	4,697	20.26	—	$0
Jul 1996	0	3,562	19.55	—	$0
Jun 1996	0	4,337	18.73	—	$0
May 1996	172	4,863	19.43	—	$3,342
Apr 1996	0	4,654	21.51	—	$0
Mar 1996	0	5,818	19.38	—	$0
Feb 1996	182	6,766	16.98	—	$3,090
Jan 1996	0	3,086	17.07	—	$0
Dec 1995	0	3,817	17.19	—	$0
Nov 1995	0	9,107	16.00	—	$0
Oct 1995	173	4,995	15.43	—	$2,669
Sep 1995	1	5,872	16.18	—	$16
Aug 1995	0	4,733	15.92	—	$0
Jul 1995	1	6,128	15.24	—	$15
Jun 1995	0	8,186	16.41	—	$0
May 1995	1	5,195	17.56	—	$18
Apr 1995	0	6,854	17.73	—	$0
Mar 1995	0	6,123	16.44	—	$0
Feb 1995	175	7,048	16.58	—	$2,902
Jan 1995	1	6,143	15.92	—	$16
Dec 1994	0	6,845	15.03	—	$0
Nov 1994	1	6,662	15.90	—	$16
Oct 1994	0	6,192	15.58	—	$0
Sep 1994	5	4,587	15.29	—	$76
Aug 1994	1	7,153	16.13	—	$16
Jul 1994	173	7,245	17.56	—	$3,038
Jun 1994	1	6,777	17.09	—	$17
May 1994	1	8,919	15.88	—	$16
Apr 1994	1	10,493	14.14	—	$14
Mar 1994	169	8,912	12.46	—	$2,106
Feb 1994	2	7,050	12.50	—	$25
Jan 1994	0	4,406	12.66	—	$0
Dec 1993	0	5,468	12.33	—	$0
Nov 1993	0	6,864	14.49	—	$0
Oct 1993	0	9,029	15.85	—	$0
Sep 1993	172	9,306	15.03	—	$2,585
Aug 1993	0	10,170	15.66	—	$0
Jul 1993	0	12,316	15.46	—	$0
Jun 1993	166	11,971	16.79	—	$2,787
May 1993	3	12,793	17.68	—	$53
Apr 1993	0	12,420	18.05	—	$0
Mar 1993	155	8,666	18.14	—	$2,812
Feb 1993	0	5,430	17.90	—	$0
Jan 1993	0	8,979	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.

Dec 2014 — as filed, then multipliedworked

Condensate             0 bbl  × $ 54.69 =         $0
Gas                  804 Mcf  × $  3.59 =     $2,887

────────────────────────────────────────────────────
Month total                                   $2,887

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/120202 is the state's own key, not one this site invented.