SELMAN

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

Operated by POWELL, GENE INVESTMENTS, INC. (P-5 674342) in the SHEA (RODESSA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 12340District 06Field 82815500OilCasinghead gasSave Export

Value, all time

$326 k

Jan 1993 – Sep 2002

Value, last 12 filed months

$4 k

at the published price for each month

Months reported

117

no gaps in the span

Streams

oil, casinghead gas

The SHEA (RODESSA) 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 20 leases and 20 wells, and the rule below applies to all of them.

Discovered

1983-03-30

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

467 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1984-10-01.

The Commission's schedule remark for this field reads: “THAN 80, ALLOWABLE WILL BE REDUCED PROPORTIONATELY.”

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	12,368 bbl	$231,515
Casinghead gas	Production	178,737 Mcf	$94,152
Total			$325,667

141,747 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 (3)

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 31.6616, -95.2888. A lease has no coordinate of its own — that point is the mean of its wells, and they span 72.9 miles, so treat it as the lease's centre and not as its location. 1 well has no surveyed location and is left out of it.

31.66156, -95.28879 · centre of 2 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%

3 of 3 wells

With a plug date

66.7%

2 of 3 wells

Median depth

8,636 ft

2 wells filed one

Completion to plug

17.1 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

3100.0%

A plug date is filed

266.7%

BothOn the schedule and plugged. Neither fact cancels the other.

266.7%

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

Between 8,210 and 9,061 ft, median 8,636 ft, over the 2 wells that filed a depth.

Completions filed

Jun 1979 – Oct 1983

3 of 3 wells

Plug dates filed

Nov 1994 – Jun 2002

2 of 3 wells; 1 filed none

Last completion to plug: a median of 17.1 years across the 2 wells that filed both dates, with the middle half between 16.3 years and 17.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells


42-40131738	2A	8,210 ft	Oct 1983	Jun 2002	Yes
42-22580139	2	—	Sep 1979	—	Yes
42-22530313	1	9,061 ft	Jun 1979	Nov 1994	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 (117)

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

117 months


Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	165	0	24.58	3.06	$4,056
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	0	24.66	3.58	$0
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	56	0	27.75	5.77	$1,554
Jan 2001	0	95	27.47	8.40	$798
Dec 2000	88	95	26.88	9.12	$3,232
Nov 2000	70	29	32.21	5.66	$2,419
Oct 2000	129	323	31.23	5.15	$5,691
Sep 2000	57	57	31.87	5.19	$2,112
Aug 2000	225	249	29.64	4.54	$7,800
Jul 2000	259	180	28.53	4.09	$8,125
Jun 2000	263	231	29.30	4.40	$8,722
May 2000	244	722	27.26	3.68	$9,308
Apr 2000	258	736	24.51	3.12	$8,617
Mar 2000	136	632	28.42	2.86	$5,672
Feb 2000	397	523	27.62	2.73	$12,391
Jan 2000	283	586	25.27	2.48	$8,605
Dec 1999	375	584	24.28	2.42	$10,520
Nov 1999	262	659	23.19	2.43	$7,680
Oct 1999	296	619	20.98	2.80	$7,946
Sep 1999	383	680	21.75	2.62	$10,111
Aug 1999	367	712	19.26	2.88	$9,116
Jul 1999	371	581	17.89	2.37	$8,016
Jun 1999	359	612	15.94	2.36	$7,168
May 1999	228	491	15.79	2.32	$4,740
Apr 1999	365	439	15.10	2.21	$6,481
Mar 1999	265	658	12.47	1.84	$4,514
Feb 1999	260	499	9.98	1.82	$3,502
Jan 1999	391	605	10.38	1.90	$5,208
Dec 1998	0	647	9.20	1.77	$1,147
Nov 1998	264	676	10.89	2.19	$4,353
Oct 1998	133	767	12.42	1.97	$3,162
Sep 1998	220	767	12.59	2.08	$4,367
Aug 1998	130	938	11.30	1.91	$3,258
Jul 1998	202	761	11.74	2.24	$4,074
Jun 1998	132	1,029	11.24	2.24	$3,786
May 1998	128	952	12.62	2.21	$3,716
Apr 1998	161	912	13.04	2.51	$4,384
Mar 1998	141	1,125	12.80	2.31	$4,403
Feb 1998	148	185	13.95	2.30	$2,490
Jan 1998	134	993	14.70	2.15	$4,110
Dec 1997	125	993	16.32	2.41	$4,434
Nov 1997	0	980	18.19	3.09	$3,026
Oct 1997	120	1,227	19.25	3.15	$6,175
Sep 1997	104	1,311	17.74	2.95	$5,719
Aug 1997	99	1,354	17.86	2.55	$5,227
Jul 1997	124	1,436	17.58	2.25	$5,407
Jun 1997	126	1,367	17.24	2.26	$5,258
May 1997	138	1,534	18.97	2.31	$6,159
Apr 1997	0	1,389	17.88	2.08	$2,893
Mar 1997	137	1,284	18.95	1.94	$5,086
Feb 1997	0	1,242	20.49	2.21	$2,740
Jan 1997	109	1,524	23.48	3.54	$7,954
Dec 1996	123	1,000	23.32	—	$2,868
Nov 1996	0	1,298	21.97	—	$0
Oct 1996	0	988	23.31	—	$0
Sep 1996	0	2,088	22.22	—	$0
Aug 1996	0	2,274	20.26	—	$0
Jul 1996	0	2,397	19.55	—	$0
Jun 1996	65	2,276	18.73	—	$1,217
May 1996	0	2,461	19.43	—	$0
Apr 1996	128	2,387	21.51	—	$2,753
Mar 1996	0	2,483	19.38	—	$0
Feb 1996	0	2,354	16.98	—	$0
Jan 1996	113	2,094	17.07	—	$1,929
Dec 1995	91	1,897	17.19	—	$1,564
Nov 1995	0	2,280	16.00	—	$0
Oct 1995	0	2,921	15.43	—	$0
Sep 1995	87	2,808	16.18	—	$1,408
Aug 1995	0	3,054	15.92	—	$0
Jul 1995	52	2,883	15.24	—	$792
Jun 1995	56	2,919	16.41	—	$919
May 1995	67	3,128	17.56	—	$1,177
Apr 1995	45	2,883	17.73	—	$798
Mar 1995	111	2,797	16.44	—	$1,825
Feb 1995	70	3,238	16.58	—	$1,161
Jan 1995	121	3,473	15.92	—	$1,926
Dec 1994	0	3,899	15.03	—	$0
Nov 1994	82	4,089	15.90	—	$1,304
Oct 1994	49	2,189	15.58	—	$763
Sep 1994	0	1,948	15.29	—	$0
Aug 1994	92	3,731	16.13	—	$1,484
Jul 1994	42	3,559	17.56	—	$738
Jun 1994	60	2,910	17.09	—	$1,025
May 1994	71	3,544	15.88	—	$1,127
Apr 1994	91	4,748	14.14	—	$1,287
Mar 1994	127	4,504	12.46	—	$1,582
Feb 1994	88	2,707	12.50	—	$1,100
Jan 1994	52	2,473	12.66	—	$658
Dec 1993	242	3,512	12.33	—	$2,984
Nov 1993	0	3,512	14.49	—	$0
Oct 1993	54	3,906	15.85	—	$856
Sep 1993	0	2,899	15.03	—	$0
Aug 1993	94	4,123	15.66	—	$1,472
Jul 1993	109	3,680	15.46	—	$1,685
Jun 1993	92	4,185	16.79	—	$1,545
May 1993	0	4,119	17.68	—	$0
Apr 1993	127	3,704	18.05	—	$2,292
Mar 1993	109	3,101	18.14	—	$1,977
Feb 1993	112	3,125	17.90	—	$2,005
Jan 1993	119	3,199	16.93	—	$2,015

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.

Jul 2002 — as filed, then multipliedworked

Oil                  165 bbl  × $ 24.58 =     $4,056
Casinghead gas         0 Mcf  × $  3.06 =         $0

────────────────────────────────────────────────────
Month total                                   $4,056

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/12340 is the state's own key, not one this site invented.