ADAMS

Name: ADAMS lease production and value, May 2005 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by BUFFCO PRODUCTION INC. (P-5 106406) in the WOODLAWN (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 211692District 06Field 985630832 tax incentive programmesCondensateGasSave Export

Value, all time

$2.1 M

May 2005 – Mar 2016

Value, last 12 filed months

$10 k

at the published price for each month

Months reported

131

no gaps in the span

Streams

condensate, gas

The WOODLAWN (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 368 leases and 368 wells, and the rule below applies to all of them.

Discovered

1965-01-10

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 20 acres. The field rule took effect on 2010-11-02.

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	2005-11-18	164201
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	1,813 bbl	$129,010
Gas	Production	250,116 Mcf	$1,936,489
Total			$2,065,498

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 32.5793, -94.4004. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.57927, -94.40038 · 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

10,060 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 10,060 ft.

Completions filed

Mar 2016

1 of 1 wells

1 well


42-20333123	1	10,060 ft	Mar 2016	—	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 (131)

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

131 months


Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	137	150	42.99	2.76	$6,303
Aug 2015	0	184	40.16	2.87	$529
Jul 2015	0	379	48.15	2.95	$1,116
Jun 2015	0	147	56.15	2.88	$424
May 2015	0	309	55.21	2.96	$913
Apr 2015	0	350	49.82	2.71	$947
Mar 2015	0	186	42.89	2.93	$546
Feb 2015	0	397	44.66	2.98	$1,182
Jan 2015	0	173	43.43	3.10	$536
Dec 2014	0	346	54.69	3.59	$1,243
Nov 2014	0	182	70.46	4.25	$774
Oct 2014	0	78	78.30	3.90	$304
Sep 2014	0	464	86.16	4.05	$1,877
Aug 2014	131	188	89.39	4.04	$12,469
Jul 2014	0	753	96.56	4.18	$3,147
Jun 2014	0	9	98.16	4.74	$43
May 2014	0	298	94.73	4.73	$1,409
Apr 2014	0	270	95.94	4.81	$1,298
Mar 2014	1	300	95.89	5.06	$1,613
Feb 2014	0	214	97.40	6.19	$1,325
Jan 2014	0	292	90.40	4.86	$1,419
Dec 2013	0	588	91.82	4.35	$2,560
Nov 2013	0	101	88.85	3.74	$378
Oct 2013	0	438	97.42	3.78	$1,655
Sep 2013	0	315	104.11	3.72	$1,171
Aug 2013	0	697	104.25	3.52	$2,455
Jul 2013	0	48	102.52	3.72	$178
Jun 2013	0	103	94.40	3.93	$405
May 2013	0	192	94.83	4.15	$797
Apr 2013	1	202	93.96	4.28	$959
Mar 2013	6	76	93.62	3.91	$859
Feb 2013	0	25	91.23	3.42	$86
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	45	86.77	3.42	$154
Nov 2012	0	215	86.95	3.62	$779
Oct 2012	0	376	89.38	3.40	$1,278
Sep 2012	0	9	94.67	2.92	$26
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	2	129	85.13	3.02	$560
Jun 2012	0	130	79.82	2.52	$327
May 2012	157	112	91.61	2.49	$14,661
Apr 2012	0	279	101.65	2.00	$557
Mar 2012	9	276	105.05	2.22	$1,559
Feb 2012	11	276	101.10	2.57	$1,821
Jan 2012	20	345	98.09	2.73	$2,905
Dec 2011	0	336	96.87	3.24	$1,089
Nov 2011	0	337	95.72	3.31	$1,116
Oct 2011	0	359	84.98	3.65	$1,310
Sep 2011	0	352	83.62	3.99	$1,403
Aug 2011	0	376	83.40	4.15	$1,560
Jul 2011	0	309	94.14	4.52	$1,396
Jun 2011	1	395	92.90	4.64	$1,926
May 2011	1	480	98.13	4.40	$2,212
Apr 2011	1	584	105.96	4.33	$2,637
Mar 2011	0	157	96.36	4.06	$637
Feb 2011	0	428	85.64	4.18	$1,789
Jan 2011	0	497	86.50	4.59	$2,281
Dec 2010	0	357	85.73	4.35	$1,552
Nov 2010	0	295	80.84	3.80	$1,120
Oct 2010	0	384	78.10	3.51	$1,347
Sep 2010	0	316	72.63	3.98	$1,258
Aug 2010	177	371	73.68	4.42	$14,681
Jul 2010	7	332	72.55	4.74	$2,080
Jun 2010	0	438	70.36	4.91	$2,151
May 2010	0	460	71.12	4.24	$1,948
Apr 2010	3	556	81.69	4.12	$2,537
Mar 2010	192	669	78.39	4.39	$17,987
Feb 2010	17	962	73.58	5.44	$6,486
Jan 2010	0	1,099	74.36	5.96	$6,555
Dec 2009	0	988	71.44	5.48	$5,418
Nov 2009	184	1,496	74.59	3.75	$19,337
Oct 2009	0	1,005	72.54	4.11	$4,131
Sep 2009	176	2,315	65.54	3.06	$18,630
Aug 2009	188	3,802	67.42	3.22	$24,912
Jul 2009	0	731	61.13	3.46	$2,533
Jun 2009	0	1,345	66.16	3.90	$5,239
May 2009	0	1,470	54.74	3.93	$5,771
Apr 2009	0	1,820	46.77	3.59	$6,529
Mar 2009	0	1,605	42.14	4.06	$6,515
Feb 2009	0	1,240	32.81	4.63	$5,745
Jan 2009	0	1,733	35.86	5.37	$9,308
Dec 2008	0	1,457	37.10	5.98	$8,709
Nov 2008	1	1,614	55.49	6.86	$11,128
Oct 2008	0	1,467	75.24	6.92	$10,155
Sep 2008	0	2,059	101.76	7.88	$16,219
Aug 2008	0	1,699	114.22	8.48	$14,413
Jul 2008	0	1,896	131.08	11.39	$21,594
Jun 2008	0	1,985	131.33	13.03	$25,870
May 2008	0	2,034	123.17	11.57	$23,542
Apr 2008	0	2,011	110.31	10.45	$21,025
Mar 2008	0	2,300	101.90	9.66	$22,227
Feb 2008	0	2,093	92.53	8.77	$18,357
Jan 2008	4	3,284	90.38	8.21	$27,309
Dec 2007	2	2,127	88.33	7.30	$15,708
Nov 2007	0	2,289	91.67	7.29	$16,691
Oct 2007	4	2,462	82.85	6.92	$17,373
Sep 2007	0	2,278	75.84	6.24	$14,224
Aug 2007	0	1,880	69.06	6.39	$12,009
Jul 2007	1	4,021	70.90	6.39	$25,757
Jun 2007	0	2,600	62.00	7.55	$19,626
May 2007	4	2,812	58.74	7.85	$22,299
Apr 2007	184	2,989	59.61	7.81	$34,298
Mar 2007	2	2,972	56.92	7.30	$21,815
Feb 2007	0	1,973	55.10	8.22	$16,210
Jan 2007	0	3,878	50.30	6.73	$26,087
Dec 2006	0	1,099	56.65	6.92	$7,603
Nov 2006	0	2,028	54.20	7.62	$15,448
Oct 2006	0	2,781	54.90	6.01	$16,724
Sep 2006	0	3,161	60.08	5.04	$15,923
Aug 2006	0	3,353	68.71	7.34	$24,611
Jul 2006	0	3,806	69.37	6.34	$24,141
Jun 2006	0	4,961	66.28	6.38	$31,670
May 2006	0	8,647	66.01	6.42	$55,557
Apr 2006	0	8,954	64.39	7.36	$65,906
Mar 2006	0	9,892	56.70	7.08	$70,064
Feb 2006	0	9,062	57.59	7.75	$70,241
Jan 2006	186	11,720	60.59	8.93	$115,968
Dec 2005	0	6,918	54.94	13.42	$92,808
Nov 2005	0	10,600	54.69	10.59	$112,237
Oct 2005	1	8,718	58.34	13.80	$120,330
Sep 2005	0	10,593	61.45	12.08	$127,953
Aug 2005	1	10,706	61.51	9.80	$104,946
Jul 2005	1	10,942	55.69	7.84	$85,881
Jun 2005	0	14,008	52.33	7.38	$103,394
May 2005	0	10,942	45.22	6.65	$72,777

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 2015 — as filed, then multipliedworked

Condensate           137 bbl  × $ 42.99 =     $5,890
Gas                  150 Mcf  × $  2.76 =       $414

────────────────────────────────────────────────────
Month total                                   $6,303

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/211692 is the state's own key, not one this site invented.