HAND, L.C. UNIT

Name: HAND, L.C. UNIT lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by LKD CORP. (P-5 504597) in the MINDEN (TRAVIS PEAK CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 88048District 06Field 61792380NGPA filingCondensateGasSave Export

Value, all time

$359 k

Jan 1993 – Feb 2009

Value, last 12 filed months

$445

at the published price for each month

Months reported

194

no gaps in the span

Streams

condensate, gas

The MINDEN (TRAVIS PEAK CONS.) 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 304 leases and 325 wells, and the rule below applies to all of them.

Discovered

2006-03-28

as the register files it

Field class

Oil and gas

the register's own label

Between wells

660 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 2008-11-12.

The Commission's schedule remark for this field reads: “EFF. 11-12-08. ALLOCATION FORMULA REMAINS SUSPENDED.”

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
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	1,955 bbl	$48,146
Gas	Production	110,778 Mcf	$310,836
Total			$358,982

43,218 Mcf of this lease's gas, across 43 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 32.1294, -94.6734. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.12939, -94.67340 · 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

100.0%

1 of 1 wells

Median depth

7,600 ft

1 wells filed one

Completion to plug

28.5 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 7,600 ft.

Completions filed

Apr 1980

1 of 1 wells

Plug dates filed

Oct 2008

1 of 1 wells

Last completion to plug: a median of 28.5 years across the 1 well that filed both dates, with the middle half between 28.5 years and 28.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-40130926	1	7,600 ft	Apr 1980	Oct 2008	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 (194)

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

194 months


Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	12	0	37.10	5.98	$445
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	59	0	62.00	7.55	$3,658
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	810	59.61	7.81	$6,322
Mar 2007	0	591	56.92	7.30	$4,315
Feb 2007	0	631	55.10	8.22	$5,184
Jan 2007	0	521	50.30	6.73	$3,505
Dec 2006	0	232	56.65	6.92	$1,605
Nov 2006	0	246	54.20	7.62	$1,874
Oct 2006	0	971	54.90	6.01	$5,839
Sep 2006	80	739	60.08	5.04	$8,529
Aug 2006	0	434	68.71	7.34	$3,186
Jul 2006	0	365	69.37	6.34	$2,315
Jun 2006	0	170	66.28	6.38	$1,085
May 2006	0	770	66.01	6.42	$4,947
Apr 2006	0	310	64.39	7.36	$2,282
Mar 2006	0	388	56.70	7.08	$2,748
Feb 2006	0	481	57.59	7.75	$3,728
Jan 2006	0	422	60.59	8.93	$3,770
Dec 2005	0	531	54.94	13.42	$7,124
Nov 2005	0	1,032	54.69	10.59	$10,927
Oct 2005	0	793	58.34	13.80	$10,940
Sep 2005	0	707	61.45	12.08	$8,540
Aug 2005	0	601	61.51	9.80	$5,888
Jul 2005	123	480	55.69	7.84	$10,615
Jun 2005	0	672	52.33	7.38	$4,960
May 2005	0	676	45.22	6.65	$4,496
Apr 2005	0	418	49.20	7.36	$3,077
Mar 2005	0	466	50.37	7.15	$3,334
Feb 2005	0	416	45.22	6.31	$2,626
Jan 2005	0	298	43.16	6.32	$1,884
Dec 2004	0	181	39.86	6.75	$1,222
Nov 2004	0	435	45.28	6.33	$2,754
Oct 2004	0	433	49.70	6.52	$2,821
Sep 2004	0	461	43.24	5.28	$2,436
Aug 2004	0	450	42.37	5.55	$2,498
Jul 2004	0	364	38.28	6.08	$2,215
Jun 2004	0	405	36.10	6.43	$2,605
May 2004	0	436	37.48	6.49	$2,832
Apr 2004	0	377	34.47	5.86	$2,209
Mar 2004	73	487	34.36	5.53	$5,201
Feb 2004	0	524	32.45	5.51	$2,887
Jan 2004	0	475	32.03	6.30	$2,992
Dec 2003	2	475	30.26	6.30	$3,054
Nov 2003	0	472	28.80	4.60	$2,169
Oct 2003	0	954	28.17	4.76	$4,541
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	444	29.76	5.13	$2,278
Jul 2003	0	684	29.41	5.17	$3,537
Jun 2003	0	450	28.56	5.98	$2,692
May 2003	0	484	26.59	5.97	$2,891
Apr 2003	97	506	26.67	5.41	$5,323
Mar 2003	0	26	31.14	6.10	$159
Feb 2003	0	59	33.48	7.93	$468
Jan 2003	0	650	30.31	5.58	$3,628
Dec 2002	0	663	26.91	4.85	$3,218
Nov 2002	0	633	24.66	4.14	$2,619
Oct 2002	0	450	26.46	4.23	$1,903
Sep 2002	0	500	27.44	3.64	$1,818
Aug 2002	0	517	25.96	3.16	$1,636
Jul 2002	0	255	24.58	3.06	$781
Jun 2002	0	347	23.73	3.34	$1,158
May 2002	0	642	24.66	3.58	$2,301
Apr 2002	0	942	23.65	3.51	$3,309
Mar 2002	170	439	22.00	3.10	$5,102
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	203	16.93	2.36	$480
Nov 2001	0	436	18.07	2.41	$1,049
Oct 2001	0	432	19.78	2.53	$1,092
Sep 2001	0	439	24.26	2.25	$988
Aug 2001	0	536	24.87	3.05	$1,636
Jul 2001	0	429	23.93	3.20	$1,372
Jun 2001	1	519	24.56	3.82	$2,009
May 2001	0	627	25.52	4.31	$2,701
Apr 2001	0	411	24.68	5.34	$2,193
Mar 2001	0	451	24.54	5.38	$2,425
Feb 2001	0	426	27.75	5.77	$2,457
Jan 2001	0	177	27.47	8.40	$1,487
Dec 2000	0	541	26.88	9.12	$4,935
Nov 2000	1	613	32.21	5.66	$3,501
Oct 2000	0	508	31.23	5.15	$2,614
Sep 2000	0	494	31.87	5.19	$2,562
Aug 2000	0	148	29.64	4.54	$672
Jul 2000	0	461	28.53	4.09	$1,885
Jun 2000	130	375	29.30	4.40	$5,458
May 2000	0	667	27.26	3.68	$2,454
Apr 2000	0	749	24.51	3.12	$2,334
Mar 2000	1	776	28.42	2.86	$2,248
Feb 2000	0	695	27.62	2.73	$1,895
Jan 2000	1	796	25.27	2.48	$2,000
Dec 1999	0	987	24.28	2.42	$2,392
Nov 1999	1	683	23.19	2.43	$1,686
Oct 1999	0	920	20.98	2.80	$2,579
Sep 1999	1	435	21.75	2.62	$1,161
Aug 1999	0	626	19.26	2.88	$1,800
Jul 1999	1	901	17.89	2.37	$2,155
Jun 1999	0	1,130	15.94	2.36	$2,669
May 1999	202	2,049	15.79	2.32	$7,945
Apr 1999	0	0	15.10	2.21	$0
Mar 1999	0	0	12.47	1.84	$0
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	0	88	10.38	1.90	$167
Dec 1998	0	641	9.20	1.77	$1,137
Nov 1998	0	728	10.89	2.19	$1,591
Oct 1998	0	720	12.42	1.97	$1,418
Sep 1998	0	748	12.59	2.08	$1,558
Aug 1998	1	667	11.30	1.91	$1,284
Jul 1998	1	669	11.74	2.24	$1,508
Jun 1998	1	752	11.24	2.24	$1,694
May 1998	1	730	12.62	2.21	$1,623
Apr 1998	0	728	13.04	2.51	$1,824
Mar 1998	1	1,076	12.80	2.31	$2,498
Feb 1998	1	562	13.95	2.30	$1,306
Jan 1998	0	30	14.70	2.15	$65
Dec 1997	0	448	16.32	2.41	$1,080
Nov 1997	0	720	18.19	3.09	$2,224
Oct 1997	0	830	19.25	3.15	$2,614
Sep 1997	193	833	17.74	2.95	$5,885
Aug 1997	0	618	17.86	2.55	$1,579
Jul 1997	0	744	17.58	2.25	$1,672
Jun 1997	0	674	17.24	2.26	$1,521
May 1997	0	806	18.97	2.31	$1,861
Apr 1997	1	776	17.88	2.08	$1,634
Mar 1997	0	838	18.95	1.94	$1,625
Feb 1997	0	790	20.49	2.21	$1,743
Jan 1997	1	913	23.48	3.54	$3,255
Dec 1996	0	797	23.32	—	$0
Nov 1996	1	887	21.97	—	$22
Oct 1996	1	888	23.31	—	$23
Sep 1996	0	924	22.22	—	$0
Aug 1996	1	894	20.26	—	$20
Jul 1996	6	958	19.55	—	$117
Jun 1996	0	970	18.73	—	$0
May 1996	0	1,042	19.43	—	$0
Apr 1996	0	1,069	21.51	—	$0
Mar 1996	0	1,219	19.38	—	$0
Feb 1996	0	132	16.98	—	$0
Jan 1996	0	0	17.07	—	$0
Dec 1995	0	919	17.19	—	$0
Nov 1995	153	893	16.00	—	$2,448
Oct 1995	0	647	15.43	—	$0
Sep 1995	0	817	16.18	—	$0
Aug 1995	0	978	15.92	—	$0
Jul 1995	0	875	15.24	—	$0
Jun 1995	0	820	16.41	—	$0
May 1995	0	935	17.56	—	$0
Apr 1995	0	960	17.73	—	$0
Mar 1995	0	876	16.44	—	$0
Feb 1995	0	912	16.58	—	$0
Jan 1995	191	792	15.92	—	$3,041
Dec 1994	0	730	15.03	—	$0
Nov 1994	0	963	15.90	—	$0
Oct 1994	0	742	15.58	—	$0
Sep 1994	0	1,020	15.29	—	$0
Aug 1994	0	1,052	16.13	—	$0
Jul 1994	0	1,043	17.56	—	$0
Jun 1994	0	290	17.09	—	$0
May 1994	0	1,620	15.88	—	$0
Apr 1994	193	1,151	14.14	—	$2,729
Mar 1994	0	1,942	12.46	—	$0
Feb 1994	0	1,324	12.50	—	$0
Jan 1994	0	0	12.66	—	$0
Dec 1993	0	1,480	12.33	—	$0
Nov 1993	0	2,148	14.49	—	$0
Oct 1993	0	2,784	15.85	—	$0
Sep 1993	62	1	15.03	—	$932
Aug 1993	0	153	15.66	—	$0
Jul 1993	0	1,568	15.46	—	$0
Jun 1993	0	0	16.79	—	$0
May 1993	0	0	17.68	—	$0
Apr 1993	191	722	18.05	—	$3,448
Mar 1993	0	1,276	18.14	—	$0
Feb 1993	0	0	17.90	—	$0
Jan 1993	0	1,005	16.93	—	$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.

Dec 2008 — as filed, then multipliedworked

Condensate            12 bbl  × $ 37.10 =       $445
Gas                    0 Mcf  × $  5.98 =         $0

────────────────────────────────────────────────────
Month total                                     $445

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/88048 is the state's own key, not one this site invented.