O'BANION

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

Operated by SHELBY OPERATING COMPANY (P-5 773678) in the WASKOM (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 132782District 06Field 953691602 tax incentive programmesCondensateGasSave Export

Value, all time

$2.6 M

Jan 1993 – Feb 2002

Value, last 12 filed months

$77 k

at the published price for each month

Months reported

110

no gaps in the span

Streams

condensate, gas

The WASKOM (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 473 leases and 477 wells, and the rule below applies to all of them.

Discovered

1955-09-19

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2012-11-06.

The Commission's schedule remark for this field reads: “DESIGNATED AS UFT FIELD PER DOCKET 01-0299858”

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
High Cost Gas	1	1	1991-06-18	123618
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	27,464 bbl	$490,297
Gas	Production	2,185,644 Mcf	$2,102,641
Total			$2,592,938

1,386,536 Mcf of this lease's gas, across 47 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 32.4881, -94.0736. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.48809, -94.07361 · 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

0.0%

0 of 1 wells

Median depth

8,610 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

00.0%

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

00.0%

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 8,610 ft.

Completions filed

Aug 2001

1 of 1 wells

1 well


42-20331810	4	8,610 ft	Aug 2001	—	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 (110)

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

110 months


Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	73	0	16.93	2.36	$1,236
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	178	0	24.26	2.25	$4,318
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	178	2,736	23.93	3.20	$13,007
Jun 2001	178	2,282	24.56	3.82	$13,098
May 2001	0	2,615	25.52	4.31	$11,264
Apr 2001	179	1,515	24.68	5.34	$12,501
Mar 2001	179	3,157	24.54	5.38	$21,366
Feb 2001	182	3,170	27.75	5.77	$23,332
Jan 2001	364	3,268	27.47	8.40	$37,446
Dec 2000	179	2,455	26.88	9.12	$27,207
Nov 2000	0	4,143	32.21	5.66	$23,441
Oct 2000	0	6,039	31.23	5.15	$31,074
Sep 2000	178	5,985	31.87	5.19	$36,714
Aug 2000	0	6,933	29.64	4.54	$31,481
Jul 2000	175	8,136	28.53	4.09	$38,267
Jun 2000	0	9,515	29.30	4.40	$41,840
May 2000	177	11,157	27.26	3.68	$45,880
Apr 2000	181	11,215	24.51	3.12	$39,382
Mar 2000	361	12,224	28.42	2.86	$45,217
Feb 2000	180	11,981	27.62	2.73	$37,638
Jan 2000	0	13,637	25.27	2.48	$33,827
Dec 1999	363	15,647	24.28	2.42	$46,738
Nov 1999	179	17,021	23.19	2.43	$45,580
Oct 1999	352	20,763	20.98	2.80	$65,598
Sep 1999	180	15,174	21.75	2.62	$43,653
Aug 1999	0	875	19.26	2.88	$2,516
Jul 1999	0	1,311	17.89	2.37	$3,110
Jun 1999	0	1,963	15.94	2.36	$4,637
May 1999	0	1,841	15.79	2.32	$4,273
Apr 1999	0	3,043	15.10	2.21	$6,719
Mar 1999	0	3,845	12.47	1.84	$7,068
Feb 1999	0	3,808	9.98	1.82	$6,922
Jan 1999	182	8,069	10.38	1.90	$17,220
Dec 1998	0	5,879	9.20	1.77	$10,425
Nov 1998	179	8,186	10.89	2.19	$19,842
Oct 1998	0	12,081	12.42	1.97	$23,790
Sep 1998	179	17,728	12.59	2.08	$39,174
Aug 1998	180	27,899	11.30	1.91	$55,247
Jul 1998	340	47,425	11.74	2.24	$110,094
Jun 1998	354	51,839	11.24	2.24	$119,957
May 1998	358	49,467	12.62	2.21	$113,659
Apr 1998	178	9,371	13.04	2.51	$25,799
Mar 1998	372	21,152	12.80	2.31	$53,611
Feb 1998	183	20,316	13.95	2.30	$49,262
Jan 1998	363	23,335	14.70	2.15	$55,618
Dec 1997	364	23,108	16.32	2.41	$61,656
Nov 1997	182	22,315	18.19	3.09	$72,225
Oct 1997	183	24,133	19.25	3.15	$79,537
Sep 1997	355	23,576	17.74	2.95	$75,962
Aug 1997	362	22,197	17.86	2.55	$63,173
Jul 1997	176	25,000	17.58	2.25	$59,268
Jun 1997	178	24,426	17.24	2.26	$58,203
May 1997	357	26,373	18.97	2.31	$67,654
Apr 1997	182	24,168	17.88	2.08	$53,591
Mar 1997	363	24,675	18.95	1.94	$54,727
Feb 1997	537	22,606	20.49	2.21	$60,870
Jan 1997	183	26,330	23.48	3.54	$97,497
Dec 1996	182	26,737	23.32	—	$4,244
Nov 1996	183	26,649	21.97	—	$4,021
Oct 1996	535	27,216	23.31	—	$12,471
Sep 1996	181	26,841	22.22	—	$4,022
Aug 1996	176	28,462	20.26	—	$3,566
Jul 1996	357	28,770	19.55	—	$6,979
Jun 1996	175	26,330	18.73	—	$3,278
May 1996	354	27,563	19.43	—	$6,878
Apr 1996	350	27,264	21.51	—	$7,529
Mar 1996	368	28,690	19.38	—	$7,132
Feb 1996	368	25,787	16.98	—	$6,249
Jan 1996	368	28,452	17.07	—	$6,282
Dec 1995	375	29,054	17.19	—	$6,446
Nov 1995	361	26,833	16.00	—	$5,776
Oct 1995	539	30,420	15.43	—	$8,317
Sep 1995	509	30,026	16.18	—	$8,236
Aug 1995	175	30,462	15.92	—	$2,786
Jul 1995	393	31,848	15.24	—	$5,989
Jun 1995	368	29,263	16.41	—	$6,039
May 1995	359	32,192	17.56	—	$6,304
Apr 1995	359	31,281	17.73	—	$6,365
Mar 1995	539	31,440	16.44	—	$8,861
Feb 1995	368	28,410	16.58	—	$6,101
Jan 1995	350	29,853	15.92	—	$5,572
Dec 1994	547	28,764	15.03	—	$8,221
Nov 1994	365	23,843	15.90	—	$5,804
Oct 1994	0	4,371	15.58	—	$0
Sep 1994	0	0	15.29	—	$0
Aug 1994	180	30,782	16.13	—	$2,903
Jul 1994	551	30,665	17.56	—	$9,676
Jun 1994	359	30,366	17.09	—	$6,135
May 1994	182	31,687	15.88	—	$2,890
Apr 1994	374	31,093	14.14	—	$5,288
Mar 1994	364	33,192	12.46	—	$4,535
Feb 1994	552	28,733	12.50	—	$6,900
Jan 1994	185	33,434	12.66	—	$2,342
Dec 1993	436	32,646	12.33	—	$5,376
Nov 1993	574	31,152	14.49	—	$8,317
Oct 1993	395	34,209	15.85	—	$6,261
Sep 1993	181	33,373	15.03	—	$2,720
Aug 1993	528	30,976	15.66	—	$8,268
Jul 1993	363	30,104	15.46	—	$5,612
Jun 1993	360	30,867	16.79	—	$6,044
May 1993	359	33,386	17.68	—	$6,347
Apr 1993	377	31,171	18.05	—	$6,805
Mar 1993	363	34,367	18.14	—	$6,585
Feb 1993	552	32,034	17.90	—	$9,881
Jan 1993	719	35,478	16.93	—	$12,173

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 2001 — as filed, then multipliedworked

Condensate            73 bbl  × $ 16.93 =     $1,236
Gas                    0 Mcf  × $  2.36 =         $0

────────────────────────────────────────────────────
Month total                                   $1,236

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/132782 is the state's own key, not one this site invented.