SPEARS-MAYS

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

Operated by WINCHESTER PRODUCTION CO., LTD. (P-5 931353) in the WASKOM (SANDERS SAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 12243District 06Field 95369648NGPA filingOilCasinghead gasSave Export

Value, all time

$1.1 M

Jan 1993 – Sep 2007

Value, last 12 filed months

$4 k

at the published price for each month

Months reported

177

no gaps in the span

Streams

oil, casinghead gas

The WASKOM (SANDERS SAND) 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 40 leases and 52 wells, and the rule below applies to all of them.

Discovered

1983-08-20

as the register files it

Field class

Oil and gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “EFFECTIVE AUGUST.”

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
Oil	Disposition	41,164 bbl	$830,088
Casinghead gas	Production	111,890 Mcf	$253,528
Total			$1,083,615

44,505 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 32.4188, -94.1076. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.41884, -94.10762 · 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

0.0%

0 of 1 wells

Median depth

6,300 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 6,300 ft.

Completions filed

Oct 1987

1 of 1 wells

1 well


42-20331604	1	6,300 ft	Oct 1987	—	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 (177)

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

177 months


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	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	32	0	59.61	7.81	$1,908
Mar 2007	41	0	56.92	7.30	$2,334
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	651	45.22	6.31	$4,109
Jan 2005	0	742	43.16	6.32	$4,691
Dec 2004	0	484	39.86	6.75	$3,268
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	10	49.70	6.52	$65
Sep 2004	0	288	43.24	5.28	$1,522
Aug 2004	170	417	42.37	5.55	$9,518
Jul 2004	348	968	38.28	6.08	$19,211
Jun 2004	179	872	36.10	6.43	$12,071
May 2004	175	648	37.48	6.49	$10,767
Apr 2004	0	506	34.47	5.86	$2,964
Mar 2004	163	737	34.36	5.53	$9,676
Feb 2004	178	607	32.45	5.51	$9,120
Jan 2004	0	429	32.03	6.30	$2,703
Dec 2003	0	415	30.26	6.30	$2,615
Nov 2003	368	461	28.80	4.60	$12,717
Oct 2003	0	302	28.17	4.76	$1,437
Sep 2003	356	498	26.31	4.75	$11,732
Aug 2003	355	538	29.76	5.13	$13,325
Jul 2003	177	456	29.41	5.17	$7,563
Jun 2003	356	498	28.56	5.98	$13,147
May 2003	177	485	26.59	5.97	$7,603
Apr 2003	345	560	26.67	5.41	$12,229
Mar 2003	177	524	31.14	6.10	$8,706
Feb 2003	169	676	33.48	7.93	$11,016
Jan 2003	358	856	30.31	5.58	$15,629
Dec 2002	350	424	26.91	4.85	$11,476
Nov 2002	179	756	24.66	4.14	$7,542
Oct 2002	366	496	26.46	4.23	$11,782
Sep 2002	358	437	27.44	3.64	$11,412
Aug 2002	175	458	25.96	3.16	$5,992
Jul 2002	355	504	24.58	3.06	$10,269
Jun 2002	178	494	23.73	3.34	$5,873
May 2002	176	500	24.66	3.58	$6,132
Apr 2002	0	192	23.65	3.51	$674
Mar 2002	0	327	22.00	3.10	$1,015
Feb 2002	173	555	18.22	2.38	$4,471
Jan 2002	344	639	17.17	2.38	$7,425
Dec 2001	180	586	16.93	2.36	$4,433
Nov 2001	176	601	18.07	2.41	$4,626
Oct 2001	172	580	19.78	2.53	$4,869
Sep 2001	182	697	24.26	2.25	$5,984
Aug 2001	186	721	24.87	3.05	$6,827
Jul 2001	354	946	23.93	3.20	$11,496
Jun 2001	340	781	24.56	3.82	$11,337
May 2001	358	882	25.52	4.31	$12,935
Apr 2001	180	948	24.68	5.34	$9,500
Mar 2001	359	313	24.54	5.38	$10,493
Feb 2001	362	598	27.75	5.77	$13,494
Jan 2001	182	922	27.47	8.40	$12,743
Dec 2000	183	847	26.88	9.12	$12,646
Nov 2000	363	1,014	32.21	5.66	$17,429
Oct 2000	356	1,124	31.23	5.15	$16,901
Sep 2000	363	1,206	31.87	5.19	$17,824
Aug 2000	179	706	29.64	4.54	$8,511
Jul 2000	366	1,072	28.53	4.09	$14,826
Jun 2000	181	1,009	29.30	4.40	$9,740
May 2000	365	1,017	27.26	3.68	$13,692
Apr 2000	365	1,053	24.51	3.12	$12,227
Mar 2000	182	952	28.42	2.86	$7,895
Feb 2000	369	913	27.62	2.73	$12,681
Jan 2000	184	988	25.27	2.48	$7,100
Dec 1999	362	986	24.28	2.42	$11,179
Nov 1999	364	965	23.19	2.43	$10,790
Oct 1999	352	1,099	20.98	2.80	$10,466
Sep 1999	186	961	21.75	2.62	$6,562
Aug 1999	370	929	19.26	2.88	$9,798
Jul 1999	357	947	17.89	2.37	$8,633
Jun 1999	374	978	15.94	2.36	$8,272
May 1999	372	930	15.79	2.32	$8,032
Apr 1999	192	755	15.10	2.21	$4,566
Mar 1999	364	719	12.47	1.84	$5,861
Feb 1999	369	716	9.98	1.82	$4,984
Jan 1999	366	742	10.38	1.90	$5,209
Dec 1998	183	699	9.20	1.77	$2,923
Nov 1998	371	777	10.89	2.19	$5,738
Oct 1998	360	859	12.42	1.97	$6,163
Sep 1998	179	615	12.59	2.08	$3,534
Aug 1998	380	910	11.30	1.91	$6,030
Jul 1998	0	560	11.74	2.24	$1,253
Jun 1998	178	591	11.24	2.24	$3,323
May 1998	365	856	12.62	2.21	$6,495
Apr 1998	368	796	13.04	2.51	$6,793
Mar 1998	359	660	12.80	2.31	$6,119
Feb 1998	379	660	13.95	2.30	$6,804
Jan 1998	376	722	14.70	2.15	$7,083
Dec 1997	369	697	16.32	2.41	$7,703
Nov 1997	371	669	18.19	3.09	$8,815
Oct 1997	363	761	19.25	3.15	$9,385
Sep 1997	544	887	17.74	2.95	$12,272
Aug 1997	172	711	17.86	2.55	$4,888
Jul 1997	0	499	17.58	2.25	$1,121
Jun 1997	179	526	17.24	2.26	$4,273
May 1997	198	746	18.97	2.31	$5,478
Apr 1997	377	561	17.88	2.08	$7,909
Mar 1997	388	699	18.95	1.94	$8,708
Feb 1997	184	662	20.49	2.21	$5,230
Jan 1997	580	649	23.48	3.54	$15,916
Dec 1996	395	755	23.32	—	$9,211
Nov 1996	185	679	21.97	—	$4,064
Oct 1996	375	834	23.31	—	$8,741
Sep 1996	0	363	22.22	—	$0
Aug 1996	188	724	20.26	—	$3,809
Jul 1996	369	865	19.55	—	$7,214
Jun 1996	381	854	18.73	—	$7,136
May 1996	390	863	19.43	—	$7,578
Apr 1996	187	817	21.51	—	$4,022
Mar 1996	202	823	19.38	—	$3,915
Feb 1996	380	546	16.98	—	$6,452
Jan 1996	364	745	17.07	—	$6,213
Dec 1995	187	847	17.19	—	$3,215
Nov 1995	386	765	16.00	—	$6,176
Oct 1995	188	770	15.43	—	$2,901
Sep 1995	200	842	16.18	—	$3,236
Aug 1995	383	758	15.92	—	$6,097
Jul 1995	188	907	15.24	—	$2,865
Jun 1995	389	901	16.41	—	$6,383
May 1995	192	927	17.56	—	$3,372
Apr 1995	372	1,081	17.73	—	$6,596
Mar 1995	385	1,048	16.44	—	$6,329
Feb 1995	195	776	16.58	—	$3,233
Jan 1995	383	912	15.92	—	$6,097
Dec 1994	386	894	15.03	—	$5,802
Nov 1994	576	839	15.90	—	$9,158
Oct 1994	370	1,123	15.58	—	$5,765
Sep 1994	388	1,041	15.29	—	$5,933
Aug 1994	376	1,054	16.13	—	$6,065
Jul 1994	396	1,045	17.56	—	$6,954
Jun 1994	384	930	17.09	—	$6,563
May 1994	197	950	15.88	—	$3,128
Apr 1994	198	689	14.14	—	$2,800
Mar 1994	389	1,059	12.46	—	$4,847
Feb 1994	392	920	12.50	—	$4,900
Jan 1994	213	945	12.66	—	$2,697
Dec 1993	522	1,001	12.33	—	$6,436
Nov 1993	413	976	14.49	—	$5,984
Oct 1993	413	859	15.85	—	$6,546
Sep 1993	388	1,063	15.03	—	$5,832
Aug 1993	398	1,209	15.66	—	$6,233
Jul 1993	392	1,033	15.46	—	$6,060
Jun 1993	192	1,017	16.79	—	$3,224
May 1993	600	1,464	17.68	—	$10,608
Apr 1993	594	1,345	18.05	—	$10,722
Mar 1993	406	1,192	18.14	—	$7,365
Feb 1993	593	1,055	17.90	—	$10,615
Jan 1993	608	1,400	16.93	—	$10,293

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.

Apr 2007 — as filed, then multipliedworked

Oil                   32 bbl  × $ 59.61 =     $1,908
Casinghead gas         0 Mcf  × $  7.81 =         $0

────────────────────────────────────────────────────
Month total                                   $1,908

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/12243 is the state's own key, not one this site invented.