FREDERICK

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

Operated by MUSTANG OPERATING COMPANY (P-5 597060) in the WHITE OAK (COTTON VALLEY SAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 145984District 06Field 969691502 tax incentive programmesCondensateGasSave Export

Value, all time

$1.3 M

Jun 1993 – Aug 2002

Value, last 12 filed months

$132 k

at the published price for each month

Months reported

111

no gaps in the span

Streams

condensate, gas

The WHITE OAK (COTTON VALLEY SAND) 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 170 leases and 170 wells, and the rule below applies to all of them.

Discovered

1991-07-20

as the register files it

Field class

Gas

the register's own label

Between wells

600 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 2012-03-20.

The Commission's schedule remark for this field reads: “LOG OF C. W. RESOURCES MAUD SMITH #1 WELL (API 42-183-30958).”

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	1993-10-05	128476
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	12,385 bbl	$210,230
Gas	Production	1,168,664 Mcf	$1,046,137
Total			$1,256,367

809,596 Mcf of this lease's gas, across 43 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 32.5822, -94.8219. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.58218, -94.82192 · 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

10,979 ft

1 wells filed one

Completion to plug

7.8 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 10,979 ft.

Completions filed

Feb 2010

1 of 1 wells

Plug dates filed

Dec 2017

1 of 1 wells

Last completion to plug: a median of 7.8 years across the 1 well that filed both dates, with the middle half between 7.8 years and 7.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-18331004	1	10,979 ft	Feb 2010	Dec 2017	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 (111)

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

111 months


Aug 2002	0	0	25.96	3.16	$0
Jul 2002	386	2,492	24.58	3.06	$17,118
Jun 2002	0	3,341	23.73	3.34	$11,153
May 2002	114	3,799	24.66	3.58	$16,427
Apr 2002	0	3,606	23.65	3.51	$12,665
Mar 2002	0	3,230	22.00	3.10	$10,022
Feb 2002	194	2,928	18.22	2.38	$10,491
Jan 2002	5	3,476	17.17	2.38	$8,344
Dec 2001	1	3,809	16.93	2.36	$9,023
Nov 2001	2	4,065	18.07	2.41	$9,815
Oct 2001	2	4,279	19.78	2.53	$10,861
Sep 2001	200	5,010	24.26	2.25	$16,131
Aug 2001	2	4,144	24.87	3.05	$12,702
Jul 2001	0	4,744	23.93	3.20	$15,167
Jun 2001	0	3,812	24.56	3.82	$14,578
May 2001	1	4,426	25.52	4.31	$19,090
Apr 2001	191	4,330	24.68	5.34	$27,816
Mar 2001	1	4,436	24.54	5.38	$23,874
Feb 2001	0	4,245	27.75	5.77	$24,481
Jan 2001	2	6,641	27.47	8.40	$55,831
Dec 2000	0	1,175	26.88	9.12	$10,719
Nov 2000	1	1,902	32.21	5.66	$10,794
Oct 2000	0	4,293	31.23	5.15	$22,090
Sep 2000	198	4,923	31.87	5.19	$31,843
Aug 2000	3	4,420	29.64	4.54	$20,159
Jul 2000	0	4,502	28.53	4.09	$18,412
Jun 2000	0	4,742	29.30	4.40	$20,852
May 2000	0	5,155	27.26	3.68	$18,969
Apr 2000	0	4,705	24.51	3.12	$14,661
Mar 2000	188	5,827	28.42	2.86	$22,007
Feb 2000	0	4,143	27.62	2.73	$11,296
Jan 2000	0	5,804	25.27	2.48	$14,397
Dec 1999	0	4,404	24.28	2.42	$10,674
Nov 1999	190	5,707	23.19	2.43	$18,297
Oct 1999	0	5,561	20.98	2.80	$15,591
Sep 1999	0	5,089	21.75	2.62	$13,327
Aug 1999	0	6,117	19.26	2.88	$17,590
Jul 1999	0	5,757	17.89	2.37	$13,658
Jun 1999	190	5,557	15.94	2.36	$16,155
May 1999	0	5,692	15.79	2.32	$13,211
Apr 1999	1	6,084	15.10	2.21	$13,449
Mar 1999	4	5,850	12.47	1.84	$10,804
Feb 1999	1	6,455	9.98	1.82	$11,744
Jan 1999	1	7,984	10.38	1.90	$15,180
Dec 1998	153	7,276	9.20	1.77	$14,310
Nov 1998	0	5,303	10.89	2.19	$11,591
Oct 1998	165	6,289	12.42	1.97	$14,434
Sep 1998	0	6,604	12.59	2.08	$13,754
Aug 1998	0	6,900	11.30	1.91	$13,161
Jul 1998	0	6,862	11.74	2.24	$15,352
Jun 1998	0	6,871	11.24	2.24	$15,372
May 1998	0	7,542	12.62	2.21	$16,640
Apr 1998	0	6,806	13.04	2.51	$17,051
Mar 1998	0	7,471	12.80	2.31	$17,254
Feb 1998	172	7,565	13.95	2.30	$19,792
Jan 1998	72	8,168	14.70	2.15	$18,659
Dec 1997	0	7,324	16.32	2.41	$17,659
Nov 1997	193	11,541	18.19	3.09	$39,152
Oct 1997	0	8,276	19.25	3.15	$26,068
Sep 1997	0	0	17.74	2.95	$0
Aug 1997	0	0	17.86	2.55	$0
Jul 1997	0	4,493	17.58	2.25	$10,096
Jun 1997	193	7,299	17.24	2.26	$19,803
May 1997	0	6,196	18.97	2.31	$14,303
Apr 1997	191	7,133	17.88	2.08	$18,272
Mar 1997	0	7,603	18.95	1.94	$14,743
Feb 1997	0	7,772	20.49	2.21	$17,144
Jan 1997	4	9,113	23.48	3.54	$32,351
Dec 1996	182	9,535	23.32	—	$4,244
Nov 1996	1	9,677	21.97	—	$22
Oct 1996	0	9,981	23.31	—	$0
Sep 1996	145	10,057	22.22	—	$3,222
Aug 1996	181	11,078	20.26	—	$3,667
Jul 1996	4	11,433	19.55	—	$78
Jun 1996	0	10,877	18.73	—	$0
May 1996	199	11,835	19.43	—	$3,867
Apr 1996	188	12,960	21.51	—	$4,044
Mar 1996	12	10,655	19.38	—	$233
Feb 1996	181	11,255	16.98	—	$3,073
Jan 1996	330	12,145	17.07	—	$5,633
Dec 1995	2	12,145	17.19	—	$34
Nov 1995	193	12,804	16.00	—	$3,088
Oct 1995	3	13,365	15.43	—	$46
Sep 1995	149	14,020	16.18	—	$2,411
Aug 1995	186	15,704	15.92	—	$2,961
Jul 1995	184	15,787	15.24	—	$2,804
Jun 1995	2	15,735	16.41	—	$33
May 1995	360	16,992	17.56	—	$6,322
Apr 1995	184	17,134	17.73	—	$3,262
Mar 1995	185	19,743	16.44	—	$3,041
Feb 1995	191	20,645	16.58	—	$3,167
Jan 1995	294	22,005	15.92	—	$4,680
Dec 1994	184	15,957	15.03	—	$2,766
Nov 1994	311	17,441	15.90	—	$4,945
Oct 1994	174	13,886	15.58	—	$2,711
Sep 1994	169	17,214	15.29	—	$2,584
Aug 1994	374	15,100	16.13	—	$6,033
Jul 1994	362	21,550	17.56	—	$6,357
Jun 1994	183	30,796	17.09	—	$3,127
May 1994	184	26,900	15.88	—	$2,922
Apr 1994	184	29,612	14.14	—	$2,602
Mar 1994	375	34,733	12.46	—	$4,673
Feb 1994	493	32,531	12.50	—	$6,163
Jan 1994	382	40,627	12.66	—	$4,836
Dec 1993	620	45,059	12.33	—	$7,645
Nov 1993	383	36,100	14.49	—	$5,550
Oct 1993	179	7,305	15.85	—	$2,837
Sep 1993	735	34,840	15.03	—	$11,047
Aug 1993	716	41,856	15.66	—	$11,213
Jul 1993	0	20,352	15.46	—	$0
Jun 1993	0	170	16.79	—	$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.

Jul 2002 — as filed, then multipliedworked

Condensate           386 bbl  × $ 24.58 =     $9,488
Gas                2,492 Mcf  × $  3.06 =     $7,630

────────────────────────────────────────────────────
Month total                                  $17,118

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/145984 is the state's own key, not one this site invented.