RAY, L. C.

Name: RAY, L. C. lease production and value, May 1998 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by FUL-HILL OIL & GAS, L.L.P. (P-5 288500) in the WRIGHT CITY (TRAVIS PEAK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 170097District 06Field 98956700CondensateGasSave Export

Value, all time

$1.2 M

May 1998 – Mar 2004

Value, last 12 filed months

$239 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The WRIGHT CITY (TRAVIS PEAK) 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 12 leases and 12 wells, and the rule below applies to all of them.

Discovered

1984-09-21

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,320 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1985-02-28.

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 01/01/99.”

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	17,292 bbl	$406,129
Gas	Production	232,485 Mcf	$791,526
Total			$1,197,656

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 32.2058, -95.0405. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.20582, -95.04050 · 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

12,200 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 12,200 ft.

Completions filed

Apr 2004

1 of 1 wells

1 well


42-42330727	1	12,200 ft	Apr 2004	—	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 (71)

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

71 months


Mar 2004	163	3	34.36	5.53	$5,617
Feb 2004	0	1	32.45	5.51	$6
Jan 2004	346	2,604	32.03	6.30	$27,487
Dec 2003	161	3,266	30.26	6.30	$25,453
Nov 2003	360	3,190	28.80	4.60	$25,027
Oct 2003	340	2,889	28.17	4.76	$23,328
Sep 2003	354	3,354	26.31	4.75	$25,243
Aug 2003	162	2,658	29.76	5.13	$18,456
Jul 2003	339	2,772	29.41	5.17	$24,304
Jun 2003	165	2,618	28.56	5.98	$20,376
May 2003	328	2,792	26.59	5.97	$25,397
Apr 2003	177	2,495	26.67	5.41	$18,212
Mar 2003	304	2,806	31.14	6.10	$26,572
Feb 2003	180	2,954	33.48	7.93	$29,439
Jan 2003	331	2,382	30.31	5.58	$23,329
Dec 2002	334	2,255	26.91	4.85	$19,933
Nov 2002	165	2,722	24.66	4.14	$15,330
Oct 2002	170	2,292	26.46	4.23	$14,191
Sep 2002	351	2,553	27.44	3.64	$18,912
Aug 2002	357	2,550	25.96	3.16	$17,336
Jul 2002	317	2,557	24.58	3.06	$15,621
Jun 2002	167	2,477	23.73	3.34	$12,232
May 2002	333	2,484	24.66	3.58	$17,114
Apr 2002	167	2,419	23.65	3.51	$12,446
Mar 2002	338	2,382	22.00	3.10	$14,827
Feb 2002	175	2,333	18.22	2.38	$8,731
Jan 2002	185	2,461	17.17	2.38	$9,023
Dec 2001	318	2,679	16.93	2.36	$11,718
Nov 2001	330	2,642	18.07	2.41	$12,318
Oct 2001	327	3,219	19.78	2.53	$14,609
Sep 2001	156	2,376	24.26	2.25	$9,134
Aug 2001	351	3,088	24.87	3.05	$18,158
Jul 2001	158	2,410	23.93	3.20	$11,486
Jun 2001	332	2,492	24.56	3.82	$17,684
May 2001	358	2,539	25.52	4.31	$20,072
Apr 2001	179	2,465	24.68	5.34	$17,569
Mar 2001	358	2,195	24.54	5.38	$20,587
Feb 2001	162	2,082	27.75	5.77	$16,503
Jan 2001	183	2,287	27.47	8.40	$24,235
Dec 2000	336	2,303	26.88	9.12	$30,041
Nov 2000	173	2,214	32.21	5.66	$18,099
Oct 2000	166	2,655	31.23	5.15	$18,845
Sep 2000	312	1,847	31.87	5.19	$19,523
Aug 2000	169	2,413	29.64	4.54	$15,966
Jul 2000	341	2,665	28.53	4.09	$20,628
Jun 2000	176	2,665	29.30	4.40	$16,875
May 2000	171	2,820	27.26	3.68	$15,038
Apr 2000	330	2,526	24.51	3.12	$15,959
Mar 2000	172	2,962	28.42	2.86	$13,359
Feb 2000	350	2,675	27.62	2.73	$16,960
Jan 2000	170	3,045	25.27	2.48	$11,849
Dec 1999	342	3,123	24.28	2.42	$15,873
Nov 1999	168	3,105	23.19	2.43	$11,453
Oct 1999	171	3,309	20.98	2.80	$12,865
Sep 1999	325	3,117	21.75	2.62	$15,232
Aug 1999	174	2,717	19.26	2.88	$11,164
Jul 1999	174	3,511	17.89	2.37	$11,442
Jun 1999	325	3,177	15.94	2.36	$12,685
May 1999	173	1,733	15.79	2.32	$6,754
Apr 1999	346	3,106	15.10	2.21	$12,083
Mar 1999	168	3,197	12.47	1.84	$7,972
Feb 1999	356	4,120	9.98	1.82	$11,042
Jan 1999	340	4,162	10.38	1.90	$11,437
Dec 1998	337	5,751	9.20	1.77	$13,299
Nov 1998	175	4,756	10.89	2.19	$12,301
Oct 1998	359	5,103	12.42	1.97	$14,508
Sep 1998	330	4,850	12.59	2.08	$14,255
Aug 1998	166	7,947	11.30	1.91	$17,034
Jul 1998	5	9,055	11.74	2.24	$20,317
Jun 1998	5	13,507	11.24	2.24	$30,275
May 1998	6	15,606	12.62	2.21	$34,508

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.

Mar 2004 — as filed, then multipliedworked

Condensate           163 bbl  × $ 34.36 =     $5,601
Gas                    3 Mcf  × $  5.53 =        $17

────────────────────────────────────────────────────
Month total                                   $5,617

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/170097 is the state's own key, not one this site invented.