MORGAN, J. C., ET AL

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the YANTIS (HILL ZONE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 10053District 06Field 99254498OilCasinghead gasSaveExport
Value, all time
$615 k
Jan 1993 – Jul 2013
Value, last 12 filed months
$96 k
at the published price for each month
Months reported
247
no gaps in the span
Streams
2
oil, casinghead 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 7 leases and 7 wells, and the rule below applies to all of them.

Discovered
1950-07-05
as the register files it
Field class
Oil
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 40 acres. The field rule took effect on 2012-01-24.

The Commission's schedule remark for this field reads: COMO (RODESSA HILL, LO.), EFFECTIVE DATE 2/26/13.

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
OilDisposition13,072 bbl$564,341
Casinghead gasProduction15,744 Mcf$50,318
Total$614,659

768 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 32.9391, -95.4943. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.93909, -95.49428 · 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
8,052 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 8,052 ft.

Completions filed
Jul 2019
1 of 1 wells

1 well

42-4990034418,052 ftJul 2019Yes

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 (247)

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

247 months

Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 2013157091.233.42$14,323
Jan 20131741,17291.603.42$19,947
Dec 2012163786.773.42$2,265
Nov 201217360386.953.62$17,228
Oct 201219474089.383.40$19,855
Sep 201218558494.672.92$19,218
Aug 2012383392.662.91$2,700
Jul 201217592585.133.02$17,692
Jun 201217855479.822.52$15,604
May 201218236891.612.49$17,589
Apr 2012177372101.652.00$18,735
Mar 2012179392105.052.22$19,675
Feb 2012179734101.102.57$19,983
Jan 201236271998.092.73$37,474
Dec 201117865696.873.24$19,368
Nov 201117756995.723.31$18,827
Oct 201135148084.983.65$31,579
Sep 201118730783.623.99$16,861
Aug 20113531,10683.404.15$34,029
Jul 20115471,29894.144.52$57,358
Jun 2011039592.904.64$1,833
May 201118161898.134.40$20,484
Apr 20110290105.964.33$1,257
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 2011163086.504.59$14,100
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 2010147078.103.51$11,481
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 200001628.422.86$46
Feb 20001231627.622.73$3,441
Jan 200001625.272.48$40
Dec 199901624.282.42$39
Nov 199901623.192.43$39
Oct 1999361620.982.80$800
Sep 199901621.752.62$42
Aug 199901619.262.88$46
Jul 19991651617.892.37$2,990
Jun 199901615.942.36$38
May 199901615.792.32$37
Apr 1999901615.102.21$1,394
Mar 199901612.471.84$29
Feb 19990169.981.82$29
Jan 199901610.381.90$30
Dec 199874169.201.77$709
Nov 199801610.892.19$35
Oct 199801612.421.97$32
Sep 1998121612.592.08$184
Aug 199801611.301.91$31
Jul 199801611.742.24$36
Jun 199801611.242.24$36
May 19982711612.622.21$3,455
Apr 19981131613.042.51$1,514
Mar 19981061612.802.31$1,394
Feb 1998991613.952.30$1,418
Jan 19981151614.702.15$1,725
Dec 19974461616.322.41$7,317
Nov 199701618.193.09$49
Oct 19971151619.253.15$2,264
Sep 19972461617.742.95$4,411
Aug 199701617.862.55$41
Jul 1997491617.582.25$897
Jun 199701617.242.26$36
May 199701618.972.31$37
Apr 19971191617.882.08$2,161
Mar 19971151618.951.94$2,210
Feb 19971191620.492.21$2,474
Jan 19971881623.483.54$4,471
Dec 19964471623.32$10,424
Nov 199601621.97$0
Oct 199601623.31$0
Sep 1996971622.22$2,155
Aug 199601620.26$0
Jul 19961841619.55$3,597
Jun 199601618.73$0
May 199601619.43$0
Apr 19962541621.51$5,464
Mar 199601619.38$0
Feb 19961771616.98$3,005
Jan 1996461617.07$785
Dec 199501617.19$0
Nov 19951201616.00$1,920
Oct 19952871615.43$4,428
Sep 19951201616.18$1,942
Aug 19951181615.92$1,879
Jul 19951101615.24$1,676
Jun 19951151616.41$1,887
May 19951171617.56$2,055
Apr 19951271617.73$2,252
Mar 19951271616.44$2,088
Feb 19951241616.58$2,056
Jan 19951171615.92$1,863
Dec 19942941615.03$4,419
Nov 1994651615.90$1,034
Oct 199401615.58$0
Sep 19942901615.29$4,434
Aug 1994781616.13$1,258
Jul 199401617.56$0
Jun 19942891617.09$4,939
May 19941091615.88$1,731
Apr 19942871614.14$4,058
Mar 19942301612.46$2,866
Feb 199401612.50$0
Jan 19941331612.66$1,684
Dec 1993891612.33$1,097
Nov 199301614.49$0
Oct 19932821615.85$4,470
Sep 19931101615.03$1,653
Aug 19931041615.66$1,629
Jul 1993771615.46$1,190
Jun 199301616.79$0
May 19931091617.68$1,927
Apr 19932851618.05$5,144
Mar 19931281618.14$2,322
Feb 19931321617.90$2,363
Jan 1993901616.93$1,524

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.

Feb 2013 — as filed, then multipliedworked
Oil                  157 bbl  × $ 91.23 =    $14,323
Casinghead gas         0 Mcf  × $  3.42 =         $0

────────────────────────────────────────────────────
Month total                                  $14,323

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/O/10053 is the state's own key, not one this site invented.