BASSETT, WILLIAM P. GAS UNIT

Name: BASSETT, WILLIAM P. GAS UNIT lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by BP AMERICA PRODUCTION COMPANY (P-5 40798) in the OAK HILL (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 94010District 06Field 66461275NGPA filingCondensateGasSave Export

Value, all time

$3.1 M

Jan 1993 – Mar 2014

Value, last 12 filed months

at the published price for each month

Months reported

255

no gaps in the span

Streams

condensate, gas

The OAK HILL (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 2,275 leases and 2,276 wells, and the rule below applies to all of them.

Discovered

1976-11-17

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,200 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 2018-03-20.

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
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	2,187 bbl	$54,982
Gas	Production	998,943 Mcf	$3,049,092
Total			$3,104,073

350,400 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 32.2311, -94.8030. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.23110, -94.80298 · 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

10,887 ft

1 wells filed one

Completion to plug

30.4 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 10,887 ft.

Completions filed

Jun 1981

1 of 1 wells

Plug dates filed

Nov 2011

1 of 1 wells

Last completion to plug: a median of 30.4 years across the 1 well that filed both dates, with the middle half between 30.4 years and 30.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-40131112	1	10,887 ft	Jun 1981	Nov 2011	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 (255)

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

255 months


Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	920	92.90	4.64	$4,269
May 2011	2	1,286	98.13	4.40	$5,861
Apr 2011	0	1,689	105.96	4.33	$7,319
Mar 2011	15	1,529	96.36	4.06	$7,649
Feb 2011	0	1,541	85.64	4.18	$6,441
Jan 2011	0	1,747	86.50	4.59	$8,017
Dec 2010	12	2,352	85.73	4.35	$11,255
Nov 2010	0	1,650	80.84	3.80	$6,262
Oct 2010	0	1,889	78.10	3.51	$6,628
Sep 2010	11	1,787	72.63	3.98	$7,910
Aug 2010	0	2,237	73.68	4.42	$9,886
Jul 2010	0	2,146	72.55	4.74	$10,165
Jun 2010	9	2,192	70.36	4.91	$11,397
May 2010	0	2,150	71.12	4.24	$9,106
Apr 2010	0	2,513	81.69	4.12	$10,360
Mar 2010	8	2,146	78.39	4.39	$10,045
Feb 2010	5	1,520	73.58	5.44	$8,640
Jan 2010	0	1,072	74.36	5.96	$6,394
Dec 2009	7	1,933	71.44	5.48	$11,100
Nov 2009	0	1,854	74.59	3.75	$6,955
Oct 2009	9	2,114	72.54	4.11	$9,342
Sep 2009	6	2,316	65.54	3.06	$7,491
Aug 2009	0	2,385	67.42	3.22	$7,676
Jul 2009	5	2,020	61.13	3.46	$7,304
Jun 2009	0	2,113	66.16	3.90	$8,230
May 2009	6	2,625	54.74	3.93	$10,634
Apr 2009	0	1,979	46.77	3.59	$7,100
Mar 2009	5	2,552	42.14	4.06	$10,569
Feb 2009	0	1,825	32.81	4.63	$8,455
Jan 2009	8	2,455	35.86	5.37	$13,473
Dec 2008	7	3,002	37.10	5.98	$18,203
Nov 2008	0	2,523	55.49	6.86	$17,309
Oct 2008	1	2,888	75.24	6.92	$20,066
Sep 2008	1	2,569	101.76	7.88	$20,338
Aug 2008	1	2,932	114.22	8.48	$24,986
Jul 2008	6	4,037	131.08	11.39	$46,766
Jun 2008	1	2,248	131.33	13.03	$29,429
May 2008	7	2,254	123.17	11.57	$26,951
Apr 2008	7	3,061	110.31	10.45	$32,775
Mar 2008	0	1,976	101.90	9.66	$19,096
Feb 2008	0	2,533	92.53	8.77	$22,216
Jan 2008	0	2,764	90.38	8.21	$22,681
Dec 2007	0	2,749	88.33	7.30	$20,073
Nov 2007	0	2,737	91.67	7.29	$19,957
Oct 2007	0	2,770	82.85	6.92	$19,174
Sep 2007	0	2,752	75.84	6.24	$17,184
Aug 2007	0	3,065	69.06	6.39	$19,579
Jul 2007	0	3,136	70.90	6.39	$20,033
Jun 2007	0	2,965	62.00	7.55	$22,381
May 2007	0	3,469	58.74	7.85	$27,219
Apr 2007	0	3,269	59.61	7.81	$25,515
Mar 2007	0	3,484	56.92	7.30	$25,440
Feb 2007	0	2,541	55.10	8.22	$20,877
Jan 2007	0	3,129	50.30	6.73	$21,048
Dec 2006	0	3,319	56.65	6.92	$22,962
Nov 2006	0	3,270	54.20	7.62	$24,909
Oct 2006	0	3,459	54.90	6.01	$20,802
Sep 2006	0	3,063	60.08	5.04	$15,429
Aug 2006	0	3,518	68.71	7.34	$25,822
Jul 2006	0	3,414	69.37	6.34	$21,654
Jun 2006	0	3,108	66.28	6.38	$19,841
May 2006	0	3,427	66.01	6.42	$22,018
Apr 2006	0	3,426	64.39	7.36	$25,217
Mar 2006	0	3,480	56.70	7.08	$24,649
Feb 2006	0	3,237	57.59	7.75	$25,090
Jan 2006	0	3,826	60.59	8.93	$34,179
Dec 2005	0	3,832	54.94	13.42	$51,408
Nov 2005	0	2,905	54.69	10.59	$30,759
Oct 2005	0	3,389	58.34	13.80	$46,754
Sep 2005	0	3,302	61.45	12.08	$39,885
Aug 2005	0	3,496	61.51	9.80	$34,250
Jul 2005	0	3,453	55.69	7.84	$27,084
Jun 2005	0	3,575	52.33	7.38	$26,387
May 2005	0	3,564	45.22	6.65	$23,705
Apr 2005	2	3,578	49.20	7.36	$26,434
Mar 2005	7	3,579	50.37	7.15	$25,960
Feb 2005	17	3,377	45.22	6.31	$22,084
Jan 2005	18	3,971	43.16	6.32	$25,882
Dec 2004	18	4,509	39.86	6.75	$31,158
Nov 2004	10	4,271	45.28	6.33	$27,490
Oct 2004	13	5,325	49.70	6.52	$35,339
Sep 2004	13	3,056	43.24	5.28	$16,710
Aug 2004	13	2,937	42.37	5.55	$16,853
Jul 2004	13	3,270	38.28	6.08	$20,393
Jun 2004	19	2,991	36.10	6.43	$19,927
May 2004	13	3,008	37.48	6.49	$20,023
Apr 2004	25	2,981	34.47	5.86	$18,326
Mar 2004	13	3,201	34.36	5.53	$18,149
Feb 2004	7	2,951	32.45	5.51	$16,486
Jan 2004	7	3,238	32.03	6.30	$20,622
Dec 2003	7	3,225	30.26	6.30	$20,535
Nov 2003	7	2,904	28.80	4.60	$13,546
Oct 2003	0	3,102	28.17	4.76	$14,764
Sep 2003	7	3,233	26.31	4.75	$15,539
Aug 2003	3	3,144	29.76	5.13	$16,217
Jul 2003	4	3,272	29.41	5.17	$17,037
Jun 2003	17	3,226	28.56	5.98	$19,787
May 2003	21	3,465	26.59	5.97	$21,254
Apr 2003	32	3,499	26.67	5.41	$19,774
Mar 2003	15	3,628	31.14	6.10	$22,584
Feb 2003	33	3,495	33.48	7.93	$28,806
Jan 2003	27	3,940	30.31	5.58	$22,812
Dec 2002	30	3,668	26.91	4.85	$18,611
Nov 2002	33	3,980	24.66	4.14	$17,279
Oct 2002	30	3,380	26.46	4.23	$15,088
Sep 2002	18	5,675	27.44	3.64	$21,124
Aug 2002	43	4,293	25.96	3.16	$14,700
Jul 2002	17	3,955	24.58	3.06	$12,527
Jun 2002	38	3,694	23.73	3.34	$13,233
May 2002	49	4,295	24.66	3.58	$16,602
Apr 2002	15	4,379	23.65	3.51	$15,735
Mar 2002	8	4,396	22.00	3.10	$13,816
Feb 2002	4	4,053	18.22	2.38	$9,702
Jan 2002	6	4,489	17.17	2.38	$10,767
Dec 2001	7	4,582	16.93	2.36	$10,952
Nov 2001	6	4,933	18.07	2.41	$11,975
Oct 2001	6	4,847	19.78	2.53	$12,376
Sep 2001	2	4,924	24.26	2.25	$11,134
Aug 2001	2	5,633	24.87	3.05	$17,248
Jul 2001	2	5,169	23.93	3.20	$16,574
Jun 2001	2	4,145	24.56	3.82	$15,900
May 2001	2	5,009	25.52	4.31	$21,626
Apr 2001	2	4,826	24.68	5.34	$25,798
Mar 2001	2	4,214	24.54	5.38	$22,705
Feb 2001	2	4,073	27.75	5.77	$23,545
Jan 2001	0	4,328	27.47	8.40	$36,350
Dec 2000	1	4,197	26.88	9.12	$38,314
Nov 2000	2	4,550	32.21	5.66	$25,808
Oct 2000	2	4,281	31.23	5.15	$22,090
Sep 2000	1	4,841	31.87	5.19	$25,140
Aug 2000	2	4,774	29.64	4.54	$21,737
Jul 2000	2	4,646	28.53	4.09	$19,058
Jun 2000	3	4,894	29.30	4.40	$21,608
May 2000	8	5,370	27.26	3.68	$19,978
Apr 2000	6	4,212	24.51	3.12	$13,272
Mar 2000	8	5,136	28.42	2.86	$14,915
Feb 2000	18	4,557	27.62	2.73	$12,922
Jan 2000	17	4,930	25.27	2.48	$12,658
Dec 1999	17	5,271	24.28	2.42	$13,188
Nov 1999	14	4,558	23.19	2.43	$11,419
Oct 1999	15	5,566	20.98	2.80	$15,920
Sep 1999	8	5,106	21.75	2.62	$13,546
Aug 1999	14	5,018	19.26	2.88	$14,699
Jul 1999	6	5,321	17.89	2.37	$12,731
Jun 1999	25	5,584	15.94	2.36	$13,588
May 1999	20	5,479	15.79	2.32	$13,033
Apr 1999	23	5,204	15.10	2.21	$11,838
Mar 1999	35	5,765	12.47	1.84	$11,034
Feb 1999	24	5,121	9.98	1.82	$9,548
Jan 1999	34	5,848	10.38	1.90	$11,464
Dec 1998	29	5,701	9.20	1.77	$10,377
Nov 1998	15	6,493	10.89	2.19	$14,355
Oct 1998	12	9,416	12.42	1.97	$18,691
Sep 1998	3	3,984	12.59	2.08	$8,335
Aug 1998	1	50	11.30	1.91	$107
Jul 1998	5	2,384	11.74	2.24	$5,392
Jun 1998	10	5,813	11.24	2.24	$13,118
May 1998	23	5,652	12.62	2.21	$12,760
Apr 1998	14	5,563	13.04	2.51	$14,120
Mar 1998	16	5,467	12.80	2.31	$12,831
Feb 1998	12	5,050	13.95	2.30	$11,778
Jan 1998	12	5,574	14.70	2.15	$12,187
Dec 1997	12	5,617	16.32	2.41	$13,739
Nov 1997	12	6,108	18.19	3.09	$19,081
Oct 1997	25	5,790	19.25	3.15	$18,719
Sep 1997	0	5,872	17.74	2.95	$17,351
Aug 1997	11	6,448	17.86	2.55	$16,669
Jul 1997	10	5,611	17.58	2.25	$12,783
Jun 1997	18	5,575	17.24	2.26	$12,894
May 1997	9	4,904	18.97	2.31	$11,492
Apr 1997	11	4,593	17.88	2.08	$9,763
Mar 1997	13	5,174	18.95	1.94	$10,279
Feb 1997	21	6,113	20.49	2.21	$13,915
Jan 1997	14	6,593	23.48	3.54	$23,666
Dec 1996	21	6,805	23.32	—	$490
Nov 1996	10	6,838	21.97	—	$220
Oct 1996	28	7,237	23.31	—	$653
Sep 1996	9	7,089	22.22	—	$200
Aug 1996	9	6,901	20.26	—	$182
Jul 1996	11	6,837	19.55	—	$215
Jun 1996	12	6,366	18.73	—	$225
May 1996	24	6,856	19.43	—	$466
Apr 1996	2	7,172	21.51	—	$43
Mar 1996	3	7,122	19.38	—	$58
Feb 1996	3	7,275	16.98	—	$51
Jan 1996	6	6,564	17.07	—	$102
Dec 1995	6	6,102	17.19	—	$103
Nov 1995	6	7,670	16.00	—	$96
Oct 1995	3	6,979	15.43	—	$46
Sep 1995	6	8,156	16.18	—	$97
Aug 1995	5	5,523	15.92	—	$80
Jul 1995	25	5,519	15.24	—	$381
Jun 1995	25	3,774	16.41	—	$410
May 1995	41	7,035	17.56	—	$720
Apr 1995	2	6,282	17.73	—	$35
Mar 1995	2	6,879	16.44	—	$33
Feb 1995	5	6,371	16.58	—	$83
Jan 1995	20	7,946	15.92	—	$318
Dec 1994	20	6,790	15.03	—	$301
Nov 1994	48	6,747	15.90	—	$763
Oct 1994	24	7,807	15.58	—	$374
Sep 1994	46	7,616	15.29	—	$703
Aug 1994	44	8,121	16.13	—	$710
Jul 1994	10	8,831	17.56	—	$176
Jun 1994	21	10,708	17.09	—	$359
May 1994	10	4,748	15.88	—	$159
Apr 1994	11	4,502	14.14	—	$156
Mar 1994	6	5,547	12.46	—	$75
Feb 1994	6	5,950	12.50	—	$75
Jan 1994	13	6,144	12.66	—	$165
Dec 1993	22	8,275	12.33	—	$271
Nov 1993	17	9,176	14.49	—	$246
Oct 1993	9	9,656	15.85	—	$143
Sep 1993	18	9,741	15.03	—	$271
Aug 1993	18	11,983	15.66	—	$282
Jul 1993	14	7,553	15.46	—	$216
Jun 1993	18	7,890	16.79	—	$302
May 1993	9	8,530	17.68	—	$159
Apr 1993	15	8,488	18.05	—	$271
Mar 1993	15	7,043	18.14	—	$272
Feb 1993	12	8,078	17.90	—	$215
Jan 1993	18	9,178	16.93	—	$305

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.

Jun 2011 — as filed, then multipliedworked

Condensate             0 bbl  × $ 92.90 =         $0
Gas                  920 Mcf  × $  4.64 =     $4,269

────────────────────────────────────────────────────
Month total                                   $4,269

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/94010 is the state's own key, not one this site invented.