BALDWIN, J.F. ET AL

Operated by KEY ENERGY OF COLORADO, INC. (P-5 458560) in the PAXTON (HILL) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 128774District 06Field 69855400CondensateGasSaveExport
Value, all time
$375 k
Jan 1993 – Jul 2011
Value, last 12 filed months
$0
at the published price for each month
Months reported
223
no gaps in the span
Streams
2
condensate, gas

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 16 leases and 16 wells, and the rule below applies to all of them.

Discovered
1975-11-18
as the register files it
Field class
Gas
the register's own label
Between wells
2,640 ft
minimum
From a lease line
1,320 ft
minimum

A drilling unit in this field needs at least 640 acres.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA SUSPENDED ADMINISTRATIVELY EFF. 1-1-95.

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.

StreamBasisVolumeValue
CondensateDisposition766 bbl$33,027
GasProduction198,915 Mcf$341,633
Total$374,660

99,621 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 31.9972, -94.2117. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.99724, -94.21170 · centre of the wells drawn, derived

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
5,180 ft
1 wells filed one
Completion to plug
22.8 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 5,180 ft.

Completions filed
Sep 1988
1 of 1 wells
Plug dates filed
Jul 2011
1 of 1 wells

Last completion to plug: a median of 22.8 years across the 1 well that filed both dates, with the middle half between 22.8 years and 22.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-36531907A 15,180 ftSep 1988Jul 2011Yes

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 (223)

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

223 months

Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 20081650123.1711.57$20,323
Apr 200800110.3110.45$0
Mar 2008022101.909.66$213
Feb 20080092.538.77$0
Jan 200801390.388.21$107
Dec 200706788.337.30$489
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 200703569.066.39$224
Jul 200703370.906.39$211
Jun 20070262.007.55$15
May 20070158.747.85$8
Apr 20070059.617.81$0
Mar 200738056.927.30$2,163
Feb 200704255.108.22$345
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050849.207.36$59
Mar 200504250.377.15$301
Feb 200506645.226.31$417
Jan 2005014043.166.32$885
Dec 2004016739.866.75$1,127
Nov 2004023845.286.33$1,507
Oct 2004025249.706.52$1,642
Sep 2004024943.245.28$1,316
Aug 2004034542.375.55$1,915
Jul 2004039738.286.08$2,415
Jun 2004044336.106.43$2,850
May 200401,39737.486.49$9,073
Apr 2004049834.475.86$2,918
Mar 2004055034.365.53$3,042
Feb 2004035332.455.51$1,945
Jan 2004032832.036.30$2,066
Dec 2003049730.266.30$3,132
Nov 2003056228.804.60$2,582
Oct 2003057228.174.76$2,723
Sep 2003062226.314.75$2,954
Aug 2003062229.765.13$3,191
Jul 2003070929.415.17$3,666
Jun 2003081028.565.98$4,846
May 2003075326.595.97$4,497
Apr 2003078626.675.41$4,250
Mar 2003080331.146.10$4,895
Feb 2003079933.487.93$6,333
Jan 20031986030.315.58$5,376
Dec 20023640026.914.85$2,910
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 2002088525.963.16$2,800
Jul 2002083024.583.06$2,541
Jun 2002073923.733.34$2,467
May 2002093024.663.58$3,333
Apr 2002094823.653.51$3,330
Mar 200201,00922.003.10$3,131
Feb 2002069218.222.38$1,644
Jan 2002090017.172.38$2,138
Dec 2001099016.932.36$2,341
Nov 2001095918.072.41$2,307
Oct 200101,00119.782.53$2,531
Sep 2001091324.262.25$2,055
Aug 2001087824.873.05$2,681
Jul 2001181,08223.933.20$3,890
Jun 200101,18924.563.82$4,547
May 200101,04925.524.31$4,518
Apr 200101,06424.685.34$5,677
Mar 200101,01524.545.38$5,457
Feb 2001088327.755.77$5,092
Jan 200101,43027.478.40$12,010
Dec 200001,24426.889.12$11,348
Nov 200001,19432.215.66$6,756
Oct 2000091531.235.15$4,708
Sep 200001,09831.875.19$5,695
Aug 2000201,26029.644.54$6,314
Jul 200001,16128.534.09$4,748
Jun 200001,11929.304.40$4,921
May 200001,14227.263.68$4,202
Apr 200001,18024.513.12$3,677
Mar 200001,24028.422.86$3,546
Feb 2000211,24327.622.73$3,969
Jan 200001,35825.272.48$3,369
Dec 1999201,24824.282.42$3,510
Nov 199901,40423.192.43$3,417
Oct 199901,33320.982.80$3,737
Sep 1999191,31321.752.62$3,852
Aug 199901,43419.262.88$4,124
Jul 199901,48517.892.37$3,523
Jun 199901,39315.942.36$3,290
May 1999331,44815.792.32$3,882
Apr 199901,27915.102.21$2,824
Mar 1999191,37812.471.84$2,770
Feb 199901,2019.981.82$2,183
Jan 199901,32110.381.90$2,510
Dec 199801,3149.201.77$2,330
Nov 1998141,26910.892.19$2,926
Oct 199801,41812.421.97$2,792
Sep 199801,51112.592.08$3,147
Aug 1998201,35611.301.91$2,812
Jul 199801,45111.742.24$3,246
Jun 199801,50611.242.24$3,369
May 199801,55712.622.21$3,435
Apr 199801,48613.042.51$3,723
Mar 199801,24112.802.31$2,866
Feb 1998231,39813.952.30$3,535
Jan 199801,49814.702.15$3,228
Dec 199701,51016.322.41$3,641
Nov 199701,42318.193.09$4,395
Oct 199701,42419.253.15$4,485
Sep 199701,32317.742.95$3,909
Aug 1997201,54117.862.55$4,294
Jul 199701,46717.582.25$3,296
Jun 199701,58717.242.26$3,582
May 199701,57618.972.31$3,638
Apr 199701,60617.882.08$3,345
Mar 1997241,73518.951.94$3,819
Feb 199701,28820.492.21$2,841
Jan 199701,54923.483.54$5,483
Dec 199601,34623.32$0
Nov 199601,48921.97$0
Oct 199601,55723.31$0
Sep 199601,63222.22$0
Aug 199601,68120.26$0
Jul 1996191,67119.55$371
Jun 199601,63718.73$0
May 199601,75619.43$0
Apr 199601,62321.51$0
Mar 1996221,76219.38$426
Feb 199601,52016.98$0
Jan 199601,91217.07$0
Dec 199501,77917.19$0
Nov 1995141,96416.00$224
Oct 199502,06215.43$0
Sep 199501,89416.18$0
Aug 199502,12415.92$0
Jul 199501,94915.24$0
Jun 199502,09816.41$0
May 1995132,19517.56$228
Apr 199501,72217.73$0
Mar 199501,75716.44$0
Feb 1995171,84316.58$282
Jan 199502,01315.92$0
Dec 199401,96615.03$0
Nov 199401,81115.90$0
Oct 199401,76515.58$0
Sep 1994232,05415.29$352
Aug 199402,32816.13$0
Jul 199402,45617.56$0
Jun 199402,36017.09$0
May 1994222,37515.88$349
Apr 199402,24814.14$0
Mar 1994172,09912.46$212
Feb 199402,13312.50$0
Jan 199402,42112.66$0
Dec 1993182,48212.33$222
Nov 199302,15614.49$0
Oct 1993162,41415.85$254
Sep 199302,36515.03$0
Aug 199302,39115.66$0
Jul 1993182,50315.46$278
Jun 199302,66016.79$0
May 199302,85917.68$0
Apr 1993202,51318.05$361
Mar 1993182,73518.14$327
Feb 199302,44517.90$0
Jan 1993203,09616.93$339

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.

May 2008 — as filed, then multipliedworked
Condensate           165 bbl  × $123.17 =    $20,323
Gas                    0 Mcf  × $ 11.57 =         $0

────────────────────────────────────────────────────
Month total                                  $20,323

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/128774 is the state's own key, not one this site invented.