FINDLEY, M. K.

Operated by CHINN EXPLORATION COMPANY (P-5 149423) in the OAK HILL (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 182394District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.9 M
Feb 2001 – Nov 2014
Value, last 12 filed months
$0
at the published price for each month
Months reported
166
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 2,275 leases and 2,276 wells, and the rule below applies to all of them.

Discovered
1976-11-17
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2018-03-20.

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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112001-05-31143765
NGPA1none

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.

StreamBasisVolumeValue
CondensateDisposition2,902 bbl$97,807
GasProduction374,915 Mcf$1,785,078
Total$1,882,886

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 32.3660, -94.5244. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.36596, -94.52437 · 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
10,375 ft
1 wells filed one
Completion to plug
13.8 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 10,375 ft.

Completions filed
Feb 2001
1 of 1 wells
Plug dates filed
Nov 2014
1 of 1 wells

Last completion to plug: a median of 13.8 years across the 1 well that filed both dates, with the middle half between 13.8 years and 13.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-40133065110,375 ftFeb 2001Nov 2014Yes

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 (166)

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

166 months

Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 20131290102.523.72$13,225
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
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 2008034123.1711.57$394
Apr 20081210110.3110.45$2,306
Mar 2008191,749101.909.66$18,839
Feb 200861,46592.538.77$13,404
Jan 2008111,29590.388.21$11,621
Dec 2007121,70288.337.30$13,488
Nov 200761,75891.677.29$13,369
Oct 2007101,33482.856.92$10,062
Sep 2007101,35375.846.24$9,207
Aug 200751,27469.066.39$8,484
Jul 200701,08570.906.39$6,931
Jun 2007101,37862.007.55$11,022
May 2007391458.747.85$7,348
Apr 2007254059.617.81$4,334
Mar 2007111,80056.927.30$13,770
Feb 200711,98955.108.22$16,397
Jan 2007110250.306.73$736
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 20061164.397.36$72
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20061160.598.93$70
Dec 20050054.9413.42$0
Nov 20051154.6910.59$65
Oct 2005661458.3413.80$8,821
Sep 200521,00161.4512.08$12,214
Aug 20051872,66361.519.80$37,591
Jul 200582,99155.697.84$23,906
Jun 200511,20252.337.38$8,924
May 200551,73745.226.65$11,779
Apr 200562,81749.207.36$21,030
Mar 200531,91750.377.15$13,867
Feb 2005113045.226.31$866
Jan 200532,47143.166.32$15,752
Dec 200473,17739.866.75$21,727
Nov 200422,91545.286.33$18,544
Oct 200453,50149.706.52$23,058
Sep 200413,12643.245.28$16,561
Aug 200452,96942.375.55$16,692
Jul 200403,17038.286.08$19,287
Jun 20042133,60336.106.43$30,867
May 200444,00637.486.49$26,167
Apr 200404,36134.475.86$25,549
Mar 200474,59234.365.53$25,635
Feb 200494,49132.455.51$25,036
Jan 2004104,34232.036.30$27,673
Dec 200364,76830.266.30$30,228
Nov 2003135,04628.804.60$23,562
Oct 2003144,93328.174.76$23,874
Sep 200375,34326.314.75$25,560
Aug 200385,80229.765.13$30,001
Jul 2003255,44229.415.17$28,875
Jun 2003185,49528.565.98$33,390
May 2003144,70726.595.97$28,486
Apr 2003135,15826.675.41$28,237
Mar 2003136,60231.146.10$40,651
Feb 20031996,21233.487.93$55,898
Jan 2003227,57630.315.58$42,956
Dec 2002357,69626.914.85$38,296
Nov 2002185,87524.664.14$24,749
Oct 2002155,87126.464.23$25,226
Sep 2002266,32927.443.64$23,721
Aug 20022027,16925.963.16$27,928
Jul 2002317,50924.583.06$23,753
Jun 2002318,15123.733.34$27,946
May 2002286,99824.663.58$25,771
Apr 200224010,64223.653.51$43,054
Mar 20023911,10622.003.10$35,317
Feb 20023210,61318.222.38$25,796
Jan 200224111,05417.172.38$30,399
Dec 20013511,35716.932.36$27,445
Nov 20013210,65618.072.41$26,211
Oct 200122410,20219.782.53$30,230
Sep 2001458,91924.262.25$21,171
Aug 20012407,14624.873.05$27,787
Jul 2001676,73223.933.20$23,126
Jun 20011839624.563.82$1,956
May 200119817,79825.524.31$81,715
Apr 2001719,23924.685.34$102,819
Mar 20011325,52024.545.38$137,526
Feb 200189,07227.755.77$52,541

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 2013 — as filed, then multipliedworked
Condensate           129 bbl  × $102.52 =    $13,225
Gas                    0 Mcf  × $  3.72 =         $0

────────────────────────────────────────────────────
Month total                                  $13,225

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/182394 is the state's own key, not one this site invented.