SMITH, MAUD

Name: SMITH, MAUD lease production and value, Apr 2004 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by QUANTUM RESOURCES MANAGEMENT,LLC (P-5 684554) 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 202329District 06Field 969691502 tax incentive programmesCondensateGasSave Export

Value, all time

$1.5 M

Apr 2004 – May 2014

Value, last 12 filed months

$31 k

at the published price for each month

Months reported

122

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	2004-08-18	157780
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	157 bbl	$10,825
Gas	Production	221,942 Mcf	$1,493,210
Total			$1,504,034

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 32.5453, -94.8398. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.54526, -94.83978 · 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

10,782 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 10,782 ft.

Completions filed

May 2014

1 of 1 wells

1 well


42-18331633	10	10,782 ft	May 2014	—	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 (122)

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

122 months


May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	377	95.89	5.06	$1,906
Feb 2014	0	823	97.40	6.19	$5,096
Jan 2014	0	966	90.40	4.86	$4,695
Dec 2013	0	794	91.82	4.35	$3,457
Nov 2013	0	781	88.85	3.74	$2,920
Oct 2013	0	1,163	97.42	3.78	$4,395
Sep 2013	0	1,134	104.11	3.72	$4,216
Aug 2013	0	621	104.25	3.52	$2,188
Jul 2013	0	459	102.52	3.72	$1,706
Jun 2013	0	193	94.40	3.93	$759
May 2013	0	246	94.83	4.15	$1,021
Apr 2013	0	273	93.96	4.28	$1,169
Mar 2013	0	311	93.62	3.91	$1,217
Feb 2013	0	298	91.23	3.42	$1,019
Jan 2013	0	329	91.60	3.42	$1,125
Dec 2012	0	362	86.77	3.42	$1,238
Nov 2012	0	380	86.95	3.62	$1,377
Oct 2012	0	403	89.38	3.40	$1,370
Sep 2012	0	318	94.67	2.92	$928
Aug 2012	0	329	92.66	2.91	$957
Jul 2012	0	466	85.13	3.02	$1,408
Jun 2012	0	461	79.82	2.52	$1,161
May 2012	0	645	91.61	2.49	$1,605
Apr 2012	0	704	101.65	2.00	$1,406
Mar 2012	0	742	105.05	2.22	$1,649
Feb 2012	0	724	101.10	2.57	$1,861
Jan 2012	0	732	98.09	2.73	$2,001
Dec 2011	0	563	96.87	3.24	$1,824
Nov 2011	0	457	95.72	3.31	$1,513
Oct 2011	0	529	84.98	3.65	$1,930
Sep 2011	0	730	83.62	3.99	$2,910
Aug 2011	0	617	83.40	4.15	$2,560
Jul 2011	0	551	94.14	4.52	$2,489
Jun 2011	0	640	92.90	4.64	$2,970
May 2011	0	640	98.13	4.40	$2,819
Apr 2011	0	681	105.96	4.33	$2,951
Mar 2011	0	475	96.36	4.06	$1,927
Feb 2011	0	274	85.64	4.18	$1,145
Jan 2011	0	597	86.50	4.59	$2,740
Dec 2010	0	1,325	85.73	4.35	$5,761
Nov 2010	0	562	80.84	3.80	$2,133
Oct 2010	0	633	78.10	3.51	$2,221
Sep 2010	0	509	72.63	3.98	$2,026
Aug 2010	0	569	73.68	4.42	$2,515
Jul 2010	0	616	72.55	4.74	$2,918
Jun 2010	0	526	70.36	4.91	$2,583
May 2010	0	540	71.12	4.24	$2,287
Apr 2010	0	562	81.69	4.12	$2,317
Mar 2010	0	670	78.39	4.39	$2,940
Feb 2010	0	532	73.58	5.44	$2,895
Jan 2010	0	755	74.36	5.96	$4,503
Dec 2009	0	812	71.44	5.48	$4,453
Nov 2009	1	811	74.59	3.75	$3,117
Oct 2009	5	857	72.54	4.11	$3,885
Sep 2009	9	744	65.54	3.06	$2,870
Aug 2009	10	918	67.42	3.22	$3,629
Jul 2009	10	717	61.13	3.46	$3,095
Jun 2009	12	788	66.16	3.90	$3,863
May 2009	13	941	54.74	3.93	$4,406
Apr 2009	13	862	46.77	3.59	$3,700
Mar 2009	9	890	42.14	4.06	$3,992
Feb 2009	9	914	32.81	4.63	$4,530
Jan 2009	10	698	35.86	5.37	$4,108
Dec 2008	7	780	37.10	5.98	$4,922
Nov 2008	5	880	55.49	6.86	$6,315
Oct 2008	5	941	75.24	6.92	$6,890
Sep 2008	5	1,100	101.76	7.88	$9,174
Aug 2008	5	1,137	114.22	8.48	$10,216
Jul 2008	6	1,353	131.08	11.39	$16,196
Jun 2008	5	832	131.33	13.03	$11,500
May 2008	7	927	123.17	11.57	$11,592
Apr 2008	1	998	110.31	10.45	$10,544
Mar 2008	4	1,155	101.90	9.66	$11,570
Feb 2008	3	1,086	92.53	8.77	$9,802
Jan 2008	3	1,303	90.38	8.21	$10,963
Dec 2007	0	1,450	88.33	7.30	$10,588
Nov 2007	0	2,011	91.67	7.29	$14,664
Oct 2007	0	3,061	82.85	6.92	$21,188
Sep 2007	0	2,737	75.84	6.24	$17,090
Aug 2007	0	1,525	69.06	6.39	$9,742
Jul 2007	0	1,871	70.90	6.39	$11,952
Jun 2007	0	1,670	62.00	7.55	$12,606
May 2007	0	1,995	58.74	7.85	$15,653
Apr 2007	0	1,494	59.61	7.81	$11,661
Mar 2007	0	1,975	56.92	7.30	$14,421
Feb 2007	0	2,085	55.10	8.22	$17,130
Jan 2007	0	4,043	50.30	6.73	$27,197
Dec 2006	0	3,305	56.65	6.92	$22,865
Nov 2006	0	3,750	54.20	7.62	$28,566
Oct 2006	0	4,859	54.90	6.01	$29,221
Sep 2006	0	4,638	60.08	5.04	$23,363
Aug 2006	0	3,379	68.71	7.34	$24,802
Jul 2006	0	2,256	69.37	6.34	$14,309
Jun 2006	0	2,475	66.28	6.38	$15,800
May 2006	0	2,105	66.01	6.42	$13,525
Apr 2006	0	2,379	64.39	7.36	$17,511
Mar 2006	0	3,224	56.70	7.08	$22,835
Feb 2006	0	2,211	57.59	7.75	$17,138
Jan 2006	0	1,892	60.59	8.93	$16,902
Dec 2005	0	3,230	54.94	13.42	$43,332
Nov 2005	0	3,342	54.69	10.59	$35,386
Oct 2005	0	3,832	58.34	13.80	$52,865
Sep 2005	0	3,703	61.45	12.08	$44,729
Aug 2005	0	3,813	61.51	9.80	$37,355
Jul 2005	0	4,008	55.69	7.84	$31,437
Jun 2005	0	4,848	52.33	7.38	$35,783
May 2005	0	3,910	45.22	6.65	$26,006
Apr 2005	0	3,962	49.20	7.36	$29,162
Mar 2005	0	5,603	50.37	7.15	$40,089
Feb 2005	0	5,440	45.22	6.31	$34,337
Jan 2005	0	4,871	43.16	6.32	$30,795
Dec 2004	0	6,731	39.86	6.75	$45,442
Nov 2004	0	6,815	45.28	6.33	$43,142
Oct 2004	0	7,423	49.70	6.52	$48,362
Sep 2004	0	6,924	43.24	5.28	$36,586
Aug 2004	0	8,399	42.37	5.55	$46,620
Jul 2004	0	5,918	38.28	6.08	$36,006
Jun 2004	0	5,532	36.10	6.43	$35,587
May 2004	0	6,648	37.48	6.49	$43,176
Apr 2004	0	2,569	34.47	5.86	$15,050

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 2014 — as filed, then multipliedworked

Condensate             0 bbl  × $ 95.89 =         $0
Gas                  377 Mcf  × $  5.06 =     $1,906

────────────────────────────────────────────────────
Month total                                   $1,906

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/202329 is the state's own key, not one this site invented.