CHRONISTER, LORA UNIT

Operated by FAIR OIL, LTD. (P-5 258410) in the GREEN FOX (SMITH) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 96858District 06Field 36663684NGPA filingCondensateGasSaveExport
Value, all time
$747 k
Jan 1993 – Mar 2003
Value, last 12 filed months
$14 k
at the published price for each month
Months reported
123
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 8 leases and 19 wells, and the rule below applies to all of them.

Discovered
1968-04-01
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,867 ft
minimum
From a lease line
933 ft
minimum

A drilling unit in this field needs at least 640 acres. The field rule took effect on 1984-10-26.

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 12/01/98.

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
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
CondensateDisposition7,842 bbl$144,632
GasProduction545,759 Mcf$602,007
Total$746,639

332,483 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 32.7551, -94.1754. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.75509, -94.17545 · 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
100.0%
1 of 1 wells
Median depth
6,355 ft
1 wells filed one
Completion to plug
21.6 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 6,355 ft.

Completions filed
May 1981
1 of 1 wells
Plug dates filed
Dec 2002
1 of 1 wells

Last completion to plug: a median of 21.6 years across the 1 well that filed both dates, with the middle half between 21.6 years and 21.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-3153056416,355 ftMay 1981Dec 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 (123)

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

123 months

Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 2003231030.315.58$7,002
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 200209225.963.16$291
Jul 2002013524.583.06$413
Jun 2002020123.733.34$671
May 2002074424.663.58$2,667
Apr 2002074623.653.51$2,620
Mar 200201,07922.003.10$3,348
Feb 2002075018.222.38$1,782
Jan 2002043617.172.38$1,036
Dec 2001094516.932.36$2,234
Nov 2001038818.072.41$933
Oct 200101,57719.782.53$3,988
Sep 200101,20424.262.25$2,711
Aug 2001082724.873.05$2,525
Jul 2001079223.933.20$2,532
Jun 2001163124.563.82$2,438
May 200101,22325.524.31$5,268
Apr 200101,82124.685.34$9,716
Mar 20011862,70624.545.38$19,113
Feb 200112,48527.755.77$14,359
Jan 200101,71427.478.40$14,395
Dec 200002,01026.889.12$18,336
Nov 200001,59232.215.66$9,008
Oct 200002,62431.235.15$13,502
Sep 20002052,72931.875.19$20,687
Aug 200002,48029.644.54$11,261
Jul 200002,91228.534.09$11,909
Jun 200002,21629.304.40$9,744
May 200003,01227.263.68$11,083
Apr 200002,69424.513.12$8,395
Mar 20001852,67028.422.86$12,893
Feb 200004,19027.622.73$11,424
Jan 200013,37025.272.48$8,385
Dec 19991864,27924.282.42$14,887
Nov 199901,18823.192.43$2,892
Oct 199913,33220.982.80$9,363
Sep 199904,81621.752.62$12,612
Aug 199901,46019.262.88$4,198
Jul 19990017.892.37$0
Jun 199901,36615.942.36$3,227
May 19991883,80615.792.32$11,802
Apr 199903,43815.102.21$7,591
Mar 199903,74612.471.84$6,886
Feb 19992033,6569.981.82$8,672
Jan 199904,02710.381.90$7,651
Dec 199802,9779.201.77$5,279
Nov 19981915,37710.892.19$13,833
Oct 199801,53212.421.97$3,017
Sep 199804,53412.592.08$9,443
Aug 199804,78811.301.91$9,132
Jul 19981884,82311.742.24$12,997
Jun 199804,37211.242.24$9,781
May 199805,15612.622.21$11,376
Apr 199804,65613.042.51$11,665
Mar 19981934,96612.802.31$13,939
Feb 199814,47513.952.30$10,303
Jan 19981934,78614.702.15$13,150
Dec 19971945,01016.322.41$15,246
Nov 199704,97118.193.09$15,352
Oct 19971905,12719.253.15$19,807
Sep 199715,69917.742.95$16,858
Aug 19971886,18817.862.55$19,166
Jul 199706,61017.582.25$14,852
Jun 19971936,29817.242.26$17,543
May 199716,48418.972.31$14,987
Apr 19971886,57417.882.08$17,054
Mar 199717,04318.951.94$13,676
Feb 19971946,31820.492.21$17,912
Jan 19971956,40323.483.54$27,243
Dec 199607,50023.32$0
Nov 19961817,63421.97$3,977
Oct 19961928,31023.31$4,476
Sep 199607,82622.22$0
Aug 19961878,40820.26$3,789
Jul 199619110,17019.55$3,734
Jun 199609,80618.73$0
May 19961819,77919.43$3,517
Apr 199619110,96921.51$4,108
Mar 199618411,08419.38$3,566
Feb 19961929,95616.98$3,260
Jan 199619011,15817.07$3,243
Dec 199519112,19617.19$3,283
Nov 199505,75416.00$0
Oct 19951906,82015.43$2,932
Sep 199506,87116.18$0
Aug 19951926,99415.92$3,057
Jul 199506,99115.24$0
Jun 199506,95816.41$0
May 19951837,87317.56$3,213
Apr 19951928,08517.73$3,404
Mar 199509,74916.44$0
Feb 19951937,98216.58$3,200
Jan 199507,60015.92$0
Dec 19941896,14115.03$2,841
Nov 199403,43115.90$0
Oct 199418777515.58$2,913
Sep 199404,34415.29$0
Aug 199405,34416.13$0
Jul 199408,24817.56$0
Jun 19941878,78917.09$3,196
May 199407,52315.88$0
Apr 19941904,31914.14$2,687
Mar 199405,64312.46$0
Feb 199405,11512.50$0
Jan 19941894,44812.66$2,393
Dec 199305,24112.33$0
Nov 199306,35914.49$0
Oct 19931905,63915.85$3,012
Sep 199305,05515.03$0
Aug 199306,22515.66$0
Jul 199304,67015.46$0
Jun 199305,80916.79$0
May 19931902,64517.68$3,359
Apr 199305,05318.05$0
Mar 199305,75618.14$0
Feb 19931915,44317.90$3,419
Jan 199303,99516.93$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.

Jan 2003 — as filed, then multipliedworked
Condensate           231 bbl  × $ 30.31 =     $7,002
Gas                    0 Mcf  × $  5.58 =         $0

────────────────────────────────────────────────────
Month total                                   $7,002

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/96858 is the state's own key, not one this site invented.