LAWRENCE UNIT

Operated by GOLDSTON OIL CORPORATION (P-5 313990) in the HITTS LAKE, NORTH (PALUXY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 12695District 06Field 41716500OilCasinghead gasSaveExport
Value, all time
$1.1 M
Jan 1993 – Dec 2012
Value, last 12 filed months
$0
at the published price for each month
Months reported
240
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 9 wells, and the rule below applies to all of them.

Discovered
1990-06-01
as the register files it
Field class
Oil
the register's own label
Between wells
933 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 1990-06-01.

The Commission's schedule remark for this field reads: SEPARATED FORM HITTS LAKE (PALUXY) PER DOC. 6-94050

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
OilDisposition62,676 bbl$1,082,855
Casinghead gasProduction3,495 Mcf$0
Total$1,082,855

3,495 Mcf of this lease's gas, across 31 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 32.4707, -95.2806. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.47069, -95.28057 · 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
7,398 ft
1 wells filed one
Completion to plug
28.1 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 7,398 ft.

Completions filed
Sep 1984
1 of 1 wells
Plug dates filed
Oct 2012
1 of 1 wells

Last completion to plug: a median of 28.1 years across the 1 well that filed both dates, with the middle half between 28.1 years and 28.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-423308791 A7,398 ftSep 1984Oct 2012Yes

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 (240)

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

240 months

Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
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 2002279027.443.64$7,656
Aug 20021025.963.16$26
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 2001179019.782.53$3,541
Sep 20010024.262.25$0
Aug 2001317024.873.05$7,884
Jul 2001513023.933.20$12,276
Jun 2001176024.563.82$4,323
May 2001529025.524.31$13,500
Apr 2001175024.685.34$4,319
Mar 2001166024.545.38$4,074
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 2000178026.889.12$4,785
Nov 2000483032.215.66$15,557
Oct 2000145031.235.15$4,528
Sep 2000326031.875.19$10,390
Aug 2000351029.644.54$10,404
Jul 2000339028.534.09$9,672
Jun 2000493029.304.40$14,445
May 2000499027.263.68$13,603
Apr 20001024.513.12$25
Mar 20000028.422.86$0
Feb 2000106027.622.73$2,928
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999109.981.82$10
Jan 1999524010.381.90$5,439
Dec 199834609.201.77$3,183
Nov 1998323010.892.19$3,517
Oct 1998520012.421.97$6,458
Sep 1998345012.592.08$4,344
Aug 1998522011.301.91$5,899
Jul 1998505011.742.24$5,929
Jun 1998351011.242.24$3,945
May 1998681012.622.21$8,594
Apr 1998545013.042.51$7,107
Mar 1998521012.802.31$6,669
Feb 1998161013.952.30$2,246
Jan 1998177014.702.15$2,602
Dec 1997359016.322.41$5,859
Nov 1997359018.193.09$6,530
Oct 1997505019.253.15$9,721
Sep 1997524017.742.95$9,296
Aug 1997727017.862.55$12,984
Jul 1997363017.582.25$6,382
Jun 1997538017.242.26$9,275
May 1997528018.972.31$10,016
Apr 1997707017.882.08$12,641
Mar 1997529018.951.94$10,025
Feb 1997336020.492.21$6,885
Jan 1997725023.483.54$17,023
Dec 1996495023.32$11,543
Nov 1996508021.97$11,161
Oct 1996347023.31$8,089
Sep 1996766022.22$17,021
Aug 1996508020.26$10,292
Jul 1996840019.55$16,422
Jun 1996656018.73$12,287
May 1996701019.43$13,620
Apr 1996721021.51$15,509
Mar 1996908019.38$17,597
Feb 1996535016.98$9,084
Jan 1996534017.07$9,115
Dec 1995866017.19$14,887
Nov 1995715016.00$11,440
Oct 1995358015.43$5,524
Sep 1995702016.18$11,358
Aug 1995696015.92$11,080
Jul 19959007715.24$13,716
Jun 19951,06511316.41$17,477
May 19958939917.56$15,681
Apr 19951,07710717.73$19,095
Mar 19951,24111716.44$20,402
Feb 19959009816.58$14,922
Jan 19951,24611615.92$19,836
Dec 19941,09611815.03$16,473
Nov 19941,27211615.90$20,225
Oct 19941,08811315.58$16,951
Sep 19941,11810015.29$17,094
Aug 19941,32314216.13$21,340
Jul 19941,23713017.56$21,722
Jun 19941,0349817.09$17,671
May 19941,21612515.88$19,310
Apr 19941,03510414.14$14,635
Mar 19941,17611912.46$14,653
Feb 19941,0108512.50$12,625
Jan 19941,44515312.66$18,294
Dec 19937198012.33$8,865
Nov 19931,2519414.49$18,127
Oct 199386411315.85$13,694
Sep 19931,34613915.03$20,230
Aug 19931,46913515.66$23,005
Jul 19931,38314715.46$21,381
Jun 19931,03911016.79$17,445
May 19931,19711817.68$21,163
Apr 19931,03510818.05$18,682
Mar 19931,35813118.14$24,634
Feb 19933514017.90$6,283
Jan 19931,45815016.93$24,684

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.

Sep 2002 — as filed, then multipliedworked
Oil                  279 bbl  × $ 27.44 =     $7,656
Casinghead gas         0 Mcf  × $  3.64 =         $0

────────────────────────────────────────────────────
Month total                                   $7,656

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/12695 is the state's own key, not one this site invented.