GARRETT

Operated by KEY PRODUCTION COMPANY, INC. (P-5 458573) in the JOAQUIN (JETER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 68780District 06Field 46597500CondensateGasSaveExport
Value, all time
$433 k
Jan 1993 – Aug 2002
Value, last 12 filed months
$14 k
at the published price for each month
Months reported
116
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 39 leases and 39 wells, and the rule below applies to all of them.

Discovered
1937-09-20
as the register files it
Field class
Oil and gas
the register's own label
Between wells
2,640 ft
minimum
From a lease line
1,320 ft
minimum

A drilling unit in this field needs at least 640 acres.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA SUSPENDED ADMINISTRATIVELY EFF. 8-1-93

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
CondensateDisposition393 bbl$6,555
GasProduction393,197 Mcf$426,630
Total$433,185

243,322 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 31.9510, -93.9995. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

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
4,855 ft
1 wells filed one
Completion to plug
26.0 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 4,855 ft.

Completions filed
Aug 1976
1 of 1 wells
Plug dates filed
Aug 2002
1 of 1 wells

Last completion to plug: a median of 26.0 years across the 1 well that filed both dates, with the middle half between 26.0 years and 26.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4193006414,855 ftAug 1976Aug 2002Yes

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 (116)

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

116 months

Aug 20020025.963.16$0
Jul 20020324.583.06$9
Jun 2002021523.733.34$718
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 200225217.172.38$434
Dec 2001138916.932.36$937
Nov 200151,88918.072.41$4,634
Oct 200111,63119.782.53$4,144
Sep 200101,55624.262.25$3,503
Aug 200131,69724.873.05$5,256
Jul 200181,97623.933.20$6,509
Jun 200151,92424.563.82$7,480
May 200102,05625.524.31$8,856
Apr 200101,73224.685.34$9,241
Mar 2001084324.545.38$4,532
Feb 20011027.755.77$28
Jan 2001087627.478.40$7,357
Dec 200001,55826.889.12$14,213
Nov 200002,20232.215.66$12,459
Oct 200002,30731.235.15$11,871
Sep 200002,12331.875.19$11,011
Aug 200002,00929.644.54$9,122
Jul 200002,52828.534.09$10,339
Jun 200002,73329.304.40$12,018
May 200001,97327.263.68$7,260
Apr 200002,72424.513.12$8,488
Mar 200002,71728.422.86$7,770
Feb 200002,68427.622.73$7,318
Jan 200003,14725.272.48$7,806
Dec 199903,21724.282.42$7,797
Nov 199903,04423.192.43$7,409
Oct 199902,36920.982.80$6,642
Sep 199902,56021.752.62$6,704
Aug 199901,59019.262.88$4,572
Jul 1999044717.892.37$1,060
Jun 1999027015.942.36$638
May 1999058615.792.32$1,360
Apr 1999044415.102.21$980
Mar 199903,36312.471.84$6,182
Feb 199903,0339.981.82$5,513
Jan 199903,52310.381.90$6,694
Dec 199813,6049.201.77$6,400
Nov 199823,44510.892.19$7,552
Oct 199833,64912.421.97$7,223
Sep 199823,06012.592.08$6,398
Aug 199843,42611.301.91$6,580
Jul 199812,78511.742.24$6,243
Jun 199802,22211.242.24$4,971
May 199843,51712.622.21$7,810
Apr 199853,68213.042.51$9,290
Mar 199833,68812.802.31$8,556
Feb 199833,42113.952.30$7,907
Jan 199853,62814.702.15$7,891
Dec 1997603,69116.322.41$9,879
Nov 199713,55218.193.09$10,988
Oct 199723,08719.253.15$9,762
Sep 199753,35017.742.95$9,988
Aug 199723,22117.862.55$8,265
Jul 199732,59817.582.25$5,890
Jun 199732,85717.242.26$6,501
May 199723,26518.972.31$7,575
Apr 199723,05617.882.08$6,401
Mar 199743,91518.951.94$7,668
Feb 199723,52820.492.21$7,823
Jan 199763,68823.483.54$13,195
Dec 199611,66323.32$23
Nov 199652,35021.97$110
Oct 199632,41623.31$70
Sep 199634,12022.22$67
Aug 199683,93720.26$162
Jul 199693,60919.55$176
Jun 199633,25218.73$56
May 199604,15519.43$0
Apr 199604,10421.51$0
Mar 199613,56019.38$19
Feb 199603,05916.98$0
Jan 199603,52617.07$0
Dec 199504,52917.19$0
Nov 199524,52416.00$32
Oct 199504,47515.43$0
Sep 199504,60016.18$0
Aug 199504,13515.92$0
Jul 199504,86715.24$0
Jun 199504,78316.41$0
May 199585,29217.56$140
Apr 199595,07517.73$160
Mar 199555,45816.44$82
Feb 199504,82816.58$0
Jan 199504,42115.92$0
Dec 199465,34115.03$90
Nov 199495,69915.90$143
Oct 199455,70415.58$78
Sep 1994105,86915.29$153
Aug 199446,15116.13$65
Jul 199476,51017.56$123
Jun 199425,38617.09$34
May 199446,21915.88$64
Apr 199476,07914.14$99
Mar 199454,83112.46$62
Feb 199464,41912.50$75
Jan 199445,62512.66$51
Dec 1993176,81612.33$210
Nov 199306,88914.49$0
Oct 1993566,85915.85$888
Sep 199337,37415.03$45
Aug 199367,71015.66$94
Jul 199317,33515.46$15
Jun 199306,66916.79$0
May 199318,36917.68$18
Apr 199375,50218.05$126
Mar 199329,10218.14$36
Feb 199304,21017.90$0
Jan 199301,91616.93$0

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 2002 — as filed, then multipliedworked
Condensate             0 bbl  × $ 24.58 =         $0
Gas                    3 Mcf  × $  3.06 =         $9

────────────────────────────────────────────────────
Month total                                       $9

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/68780 is the state's own key, not one this site invented.