OLIVER UNIT

Operated by LINN OPERATING, INC. (P-5 501545) in the LASSATER (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 200590District 06Field 52239333CondensateGasSave
Value, all time
$3.2 M
Feb 2004 – May 2015
Value, last 12 filed months
$0
at the published price for each month
Months reported
136
no gaps in the span
Streams
2
condensate, gas

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
CondensateDisposition1,509 bbl$118,441
GasProduction446,655 Mcf$3,070,682
Total$3,189,123

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 32.8267, -94.5779. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.82671, -94.57790 · 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
0.0%
0 of 1 wells
Median depth
11,208 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 11,208 ft.

Completions filed
May 2015
1 of 1 wells

1 well

42-31530899111,208 ftMay 2015Yes

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 (136)

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

136 months

May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
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 2013015788.853.74$587
Oct 201306,28597.423.78$23,753
Sep 201305,704104.113.72$21,206
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 201301,42894.834.15$5,925
Apr 201301,16993.964.28$5,006
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 2012038986.773.42$1,330
Nov 2012053286.953.62$1,928
Oct 2012035489.383.40$1,203
Sep 2012031094.672.92$905
Aug 20120092.662.91$0
Jul 2012017885.133.02$538
Jun 2012010079.822.52$252
May 2012014791.612.49$366
Apr 20120140101.652.00$280
Mar 2012098105.052.22$218
Feb 20120119101.102.57$306
Jan 201209598.092.73$260
Dec 201107996.873.24$256
Nov 2011011495.723.31$377
Oct 2011010884.983.65$394
Sep 201106983.623.99$275
Aug 201109083.404.15$373
Jul 201106894.144.52$307
Jun 201107192.904.64$329
May 201105798.134.40$251
Apr 2011052105.964.33$225
Mar 201107196.364.06$288
Feb 201101885.644.18$75
Jan 2011018986.504.59$867
Dec 20100385.734.35$13
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 2010029270.364.91$1,434
May 2010134971.124.24$1,549
Apr 2010143181.694.12$1,859
Mar 2010142878.394.39$1,957
Feb 2010150373.585.44$2,811
Jan 2010245674.365.96$2,868
Dec 2009342771.445.48$2,556
Nov 2009346874.593.75$1,979
Oct 2009344872.544.11$2,059
Sep 2009241265.543.06$1,394
Aug 2009130267.423.22$1,039
Jul 2009539461.133.46$1,671
Jun 2009777166.163.90$3,466
May 2009484154.743.93$3,521
Apr 2009689946.773.59$3,506
Mar 2009697042.144.06$4,190
Feb 2009798732.814.63$4,802
Jan 200981,18535.865.37$6,652
Dec 200851,72237.105.98$10,478
Nov 200801,35855.496.86$9,316
Oct 200801,93675.246.92$13,401
Sep 200831,128101.767.88$9,191
Aug 200819907114.228.48$9,864
Jul 200825598131.0811.39$10,088
Jun 2008881,170131.3313.03$26,805
May 2008811,123123.1711.57$22,975
Apr 200895980110.3110.45$20,725
Mar 20081051,231101.909.66$22,596
Feb 20081301,28692.538.77$23,308
Jan 20081101,30990.388.21$20,683
Dec 20071241,80388.337.30$24,118
Nov 2007582591.677.29$6,474
Oct 2007374482.856.92$5,399
Sep 2007276575.846.24$4,928
Aug 2007283269.066.39$5,453
Jul 2007390270.906.39$5,975
Jun 200751,98562.007.55$15,294
May 200752,18858.747.85$17,461
Apr 200742,39259.617.81$18,908
Mar 200732,86656.927.30$21,098
Feb 200722,13855.108.22$17,676
Jan 200733,05850.306.73$20,722
Dec 200623,12256.656.92$21,713
Nov 200622,31654.207.62$17,750
Oct 200623,08554.906.01$18,662
Sep 200623,14060.085.04$15,937
Aug 200633,44968.717.34$25,522
Jul 200643,90569.376.34$25,046
Jun 200663,60266.286.38$23,392
May 2006143,97366.016.42$26,451
Apr 2006173,88164.397.36$29,661
Mar 2006224,66656.707.08$34,296
Feb 2006234,53657.597.75$36,484
Jan 2006275,89960.598.93$54,334
Dec 2005166,33654.9413.42$85,879
Nov 2005256,93354.6910.59$74,777
Oct 2005208,57258.3413.80$119,424
Sep 2005208,94961.4512.08$109,324
Aug 20052010,21761.519.80$101,325
Jul 20052111,19355.697.84$88,963
Jun 20052412,10752.337.38$90,618
May 20051814,14645.226.65$94,901
Apr 2005219,14449.207.36$68,337
Mar 20052115,43550.377.15$111,493
Feb 20052413,39845.226.31$85,652
Jan 20052815,14843.166.32$96,977
Dec 20042516,80539.866.75$114,448
Nov 20042316,89245.286.33$107,975
Oct 20042716,25549.706.52$107,245
Sep 20043318,91143.245.28$101,351
Aug 20042920,53042.375.55$115,184
Jul 20043121,55438.286.08$132,325
Jun 20042721,30936.106.43$138,056
May 20043223,30937.486.49$152,582
Apr 20041718,81834.475.86$110,830
Mar 2004020,54634.365.53$113,622
Feb 2004010,57132.455.51$58,242

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.

Nov 2013 — as filed, then multipliedworked
Condensate             0 bbl  × $ 88.85 =         $0
Gas                  157 Mcf  × $  3.74 =       $587

────────────────────────────────────────────────────
Month total                                     $587

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/200590 is the state's own key, not one this site invented.