JARVIS

Operated by BUFFCO PRODUCTION INC. (P-5 106406) in the OVERTON (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 235440District 06Field 678491502 tax incentive programmesCondensateGasSaveExport
Value, all time
$467 k
Jan 2008 – Apr 2013
Value, last 12 filed months
$8 k
at the published price for each month
Months reported
64
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 702 leases and 702 wells, and the rule below applies to all of them.

Discovered
1977-02-23
as the register files it
Field class
Oil and gas
the register's own label
Between wells
600 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2014-03-25.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

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 Gas112008-09-17185707
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
CondensateDisposition153 bbl$11,956
GasProduction60,805 Mcf$455,247
Total$467,203

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 32.0628, -95.0549. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.06278, -95.05492 · 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
11,300 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 11,300 ft.

Completions filed
Sep 2011
1 of 1 wells

1 well

42-07331275111,300 ftSep 2011Yes

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 (64)

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

64 months

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 201284091.612.49$7,695
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 20110483.404.15$17
Jul 20110194.144.52$5
Jun 20111192.904.64$98
May 20110098.134.40$0
Apr 201101105.964.33$4
Mar 20110196.364.06$4
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 2010045173.684.42$1,993
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 2010035571.124.24$1,504
Apr 201001,11681.694.12$4,601
Mar 201001,18778.394.39$5,209
Feb 201001,29173.585.44$7,026
Jan 201001,61474.365.96$9,626
Dec 200901,95571.445.48$10,721
Nov 200901,45374.593.75$5,451
Oct 200901,39572.544.11$5,734
Sep 200901,44765.543.06$4,435
Aug 200941,40367.423.22$4,785
Jul 2009631,26061.133.46$8,216
Jun 2009084066.163.90$3,272
May 200901,00754.743.93$3,953
Apr 2009185646.773.59$3,118
Mar 2009084042.144.06$3,410
Feb 200901,71532.814.63$7,946
Jan 200901,21835.865.37$6,542
Dec 200801,31037.105.98$7,830
Nov 200801,07855.496.86$7,395
Oct 200801,46375.246.92$10,127
Sep 20080990101.767.88$7,798
Aug 200801,824114.228.48$15,473
Jul 200801,149131.0811.39$13,086
Jun 200801,820131.3313.03$23,719
May 200802,363123.1711.57$27,350
Apr 200803,385110.3110.45$35,390
Mar 200809,346101.909.66$90,320
Feb 200805,32092.538.77$46,659
Jan 200809,34690.388.21$76,691

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.

May 2012 — as filed, then multipliedworked
Condensate            84 bbl  × $ 91.61 =     $7,695
Gas                    0 Mcf  × $  2.49 =         $0

────────────────────────────────────────────────────
Month total                                   $7,695

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/235440 is the state's own key, not one this site invented.