HICKS, O.B. GAS UNIT

Name: HICKS, O.B. GAS UNIT lease production and value, Jul 1998 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by BP AMERICA PRODUCTION COMPANY (P-5 40798) in the CARTHAGE (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 169729District 06Field 160321742 tax incentive programmesCondensateGasSave Export

Value, all time

$3.2 M

Jul 1998 – Feb 2009

Value, last 12 filed months

at the published price for each month

Months reported

128

no gaps in the span

Streams

condensate, gas

The CARTHAGE (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 4,104 leases and 4,104 wells, and the rule below applies to all of them.

Discovered

1968-05-01

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 2011-02-08.

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
High Cost Gas	1	1	1998-09-14	139293
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	14,522 bbl	$295,243
Gas	Production	918,871 Mcf	$2,890,670
Total			$3,185,913

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 32.2280, -94.3431. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.22797, -94.34308 · 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

9,620 ft

1 wells filed one

Completion to plug

10.6 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 9,620 ft.

Completions filed

Jul 1998

1 of 1 wells

Plug dates filed

Feb 2009

1 of 1 wells

Last completion to plug: a median of 10.6 years across the 1 well that filed both dates, with the middle half between 10.6 years and 10.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-36533956	18	9,620 ft	Jul 1998	Feb 2009	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 (128)

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

128 months


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	0	62.00	7.55	$0
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	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	34	0	43.24	5.28	$1,470
Aug 2004	63	975	42.37	5.55	$8,081
Jul 2004	15	2,190	38.28	6.08	$13,899
Jun 2004	34	1,836	36.10	6.43	$13,038
May 2004	103	2,209	37.48	6.49	$18,207
Apr 2004	103	1,454	34.47	5.86	$12,069
Mar 2004	103	2,150	34.36	5.53	$15,429
Feb 2004	129	1,951	32.45	5.51	$14,935
Jan 2004	76	1,069	32.03	6.30	$9,169
Dec 2003	105	1,297	30.26	6.30	$11,351
Nov 2003	53	2,284	28.80	4.60	$12,022
Oct 2003	103	2,612	28.17	4.76	$15,334
Sep 2003	129	1,772	26.31	4.75	$11,810
Aug 2003	102	3,110	29.76	5.13	$18,989
Jul 2003	77	3,428	29.41	5.17	$19,990
Jun 2003	101	127	28.56	5.98	$3,644
May 2003	103	116	26.59	5.97	$3,432
Apr 2003	127	144	26.67	5.41	$4,166
Mar 2003	147	179	31.14	6.10	$5,669
Feb 2003	70	6	33.48	7.93	$2,391
Jan 2003	146	148	30.31	5.58	$5,251
Dec 2002	176	767	26.91	4.85	$8,459
Nov 2002	125	731	24.66	4.14	$6,107
Oct 2002	174	409	26.46	4.23	$6,334
Sep 2002	170	5,175	27.44	3.64	$23,477
Aug 2002	144	9,147	25.96	3.16	$32,681
Jul 2002	87	8,939	24.58	3.06	$29,508
Jun 2002	83	8,975	23.73	3.34	$31,930
May 2002	112	9,384	24.66	3.58	$36,394
Apr 2002	96	9,758	23.65	3.51	$36,544
Mar 2002	152	10,933	22.00	3.10	$37,266
Feb 2002	148	9,682	18.22	2.38	$25,698
Jan 2002	161	8,970	17.17	2.38	$24,074
Dec 2001	122	9,346	16.93	2.36	$24,163
Nov 2001	109	9,283	18.07	2.41	$24,300
Oct 2001	101	9,495	19.78	2.53	$26,010
Sep 2001	108	9,557	24.26	2.25	$24,136
Aug 2001	100	9,637	24.87	3.05	$31,910
Jul 2001	112	9,580	23.93	3.20	$33,308
Jun 2001	121	10,120	24.56	3.82	$41,672
May 2001	126	10,839	25.52	4.31	$49,903
Apr 2001	151	11,340	24.68	5.34	$64,229
Mar 2001	152	11,976	24.54	5.38	$68,118
Feb 2001	144	8,250	27.75	5.77	$51,574
Jan 2001	201	11,878	27.47	8.40	$105,282
Dec 2000	205	13,924	26.88	9.12	$132,532
Nov 2000	181	12,860	32.21	5.66	$78,592
Oct 2000	131	13,557	31.23	5.15	$73,849
Sep 2000	137	24,757	31.87	5.19	$132,768
Aug 2000	155	22,104	29.64	4.54	$104,963
Jul 2000	161	22,748	28.53	4.09	$97,627
Jun 2000	176	22,685	29.30	4.40	$104,908
May 2000	194	25,287	27.26	3.68	$98,338
Apr 2000	194	25,968	24.51	3.12	$85,671
Mar 2000	225	13,898	28.42	2.86	$46,139
Feb 2000	187	28,546	27.62	2.73	$82,996
Jan 2000	190	13,052	25.27	2.48	$37,177
Dec 1999	227	13,273	24.28	2.42	$37,682
Nov 1999	162	13,233	23.19	2.43	$35,966
Oct 1999	199	13,730	20.98	2.80	$42,670
Sep 1999	191	14,451	21.75	2.62	$41,999
Aug 1999	216	15,347	19.26	2.88	$48,292
Jul 1999	265	16,099	17.89	2.37	$42,934
Jun 1999	258	15,761	15.94	2.36	$41,342
May 1999	311	14,907	15.79	2.32	$39,510
Apr 1999	318	16,052	15.10	2.21	$40,245
Mar 1999	279	17,621	12.47	1.84	$35,872
Feb 1999	289	17,812	9.98	1.82	$35,263
Jan 1999	362	23,661	10.38	1.90	$48,712
Dec 1998	374	29,467	9.20	1.77	$55,695
Nov 1998	536	26,825	10.89	2.19	$64,469
Oct 1998	595	28,122	12.42	1.97	$62,768
Sep 1998	667	32,116	12.59	2.08	$75,283
Aug 1998	1,525	100,900	11.30	1.91	$209,684
Jul 1998	514	36,880	11.74	2.24	$88,545

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.

Sep 2004 — as filed, then multipliedworked

Condensate            34 bbl  × $ 43.24 =     $1,470
Gas                    0 Mcf  × $  5.28 =         $0

────────────────────────────────────────────────────
Month total                                   $1,470

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/169729 is the state's own key, not one this site invented.