SMITH, TALMADGE

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

Operated by PHILLIPS, JACK L. CO. (P-5 663109) in the CHAPMAN (TRAVIS PEAK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 12885District 06Field 17020500OilCasinghead gasSave Export

Value, all time

$791 k

Jan 1993 – Jul 2006

Value, last 12 filed months

$94 k

at the published price for each month

Months reported

163

no gaps in the span

Streams

oil, casinghead gas

The CHAPMAN (TRAVIS PEAK) 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 18 leases and 18 wells, and the rule below applies to all of them.

Discovered

1976-10-01

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

467 ft

minimum

A drilling unit in this field needs at least 160 acres.

The Commission's schedule remark for this field reads: “03/28/2006 PER DOCKET 06-0245877.”

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	12,476 bbl	$303,129
Casinghead gas	Production	215,720 Mcf	$488,318
Total			$791,447

92,807 Mcf of this lease's gas, across 47 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 32.1120, -94.6150. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.11196, -94.61502 · 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

7,464 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 7,464 ft.

Completions filed

Mar 1982

1 of 1 wells

1 well


42-40131394	1	7,464 ft	Mar 1982	—	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 (163)

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

163 months


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	346	802	56.70	7.08	$25,299
Feb 2006	147	282	57.59	7.75	$10,652
Jan 2006	0	472	60.59	8.93	$4,217
Dec 2005	0	513	54.94	13.42	$6,882
Nov 2005	0	640	54.69	10.59	$6,777
Oct 2005	0	200	58.34	13.80	$2,759
Sep 2005	151	790	61.45	12.08	$18,821
Aug 2005	174	778	61.51	9.80	$18,325
Jul 2005	0	373	55.69	7.84	$2,926
Jun 2005	0	520	52.33	7.38	$3,838
May 2005	176	552	45.22	6.65	$11,630
Apr 2005	0	485	49.20	7.36	$3,570
Mar 2005	0	535	50.37	7.15	$3,828
Feb 2005	0	305	45.22	6.31	$1,925
Jan 2005	164	302	43.16	6.32	$8,988
Dec 2004	0	745	39.86	6.75	$5,030
Nov 2004	0	1,018	45.28	6.33	$6,444
Oct 2004	0	1,086	49.70	6.52	$7,075
Sep 2004	169	922	43.24	5.28	$12,179
Aug 2004	0	1,008	42.37	5.55	$5,595
Jul 2004	175	965	38.28	6.08	$12,570
Jun 2004	0	828	36.10	6.43	$5,327
May 2004	167	958	37.48	6.49	$12,481
Apr 2004	0	842	34.47	5.86	$4,933
Mar 2004	0	769	34.36	5.53	$4,253
Feb 2004	0	604	32.45	5.51	$3,328
Jan 2004	159	698	32.03	6.30	$9,490
Dec 2003	0	1,013	30.26	6.30	$6,384
Nov 2003	171	1,077	28.80	4.60	$9,874
Oct 2003	0	1,150	28.17	4.76	$5,474
Sep 2003	165	1,124	26.31	4.75	$9,679
Aug 2003	0	1,245	29.76	5.13	$6,387
Jul 2003	168	1,458	29.41	5.17	$12,480
Jun 2003	0	1,074	28.56	5.98	$6,426
May 2003	0	1,139	26.59	5.97	$6,803
Apr 2003	167	1,073	26.67	5.41	$10,256
Mar 2003	0	1,181	31.14	6.10	$7,199
Feb 2003	164	1,054	33.48	7.93	$13,845
Jan 2003	175	1,335	30.31	5.58	$12,756
Dec 2002	0	1,257	26.91	4.85	$6,101
Nov 2002	0	1,307	24.66	4.14	$5,407
Oct 2002	162	1,360	26.46	4.23	$10,038
Sep 2002	0	1,340	27.44	3.64	$4,871
Aug 2002	158	1,291	25.96	3.16	$8,187
Jul 2002	0	1,263	24.58	3.06	$3,867
Jun 2002	169	1,177	23.73	3.34	$7,939
May 2002	169	1,219	24.66	3.58	$8,536
Apr 2002	0	1,070	23.65	3.51	$3,758
Mar 2002	0	1,142	22.00	3.10	$3,543
Feb 2002	174	517	18.22	2.38	$4,399
Jan 2002	0	745	17.17	2.38	$1,770
Dec 2001	0	1,081	16.93	2.36	$2,556
Nov 2001	169	1,121	18.07	2.41	$5,750
Oct 2001	176	930	19.78	2.53	$5,833
Sep 2001	0	223	24.26	2.25	$502
Aug 2001	149	148	24.87	3.05	$4,158
Jul 2001	0	758	23.93	3.20	$2,423
Jun 2001	0	1,338	24.56	3.82	$5,117
May 2001	160	1,628	25.52	4.31	$11,096
Apr 2001	0	1,551	24.68	5.34	$8,275
Mar 2001	172	1,304	24.54	5.38	$11,232
Feb 2001	0	1,253	27.75	5.77	$7,226
Jan 2001	174	1,002	27.47	8.40	$13,195
Dec 2000	0	1,018	26.88	9.12	$9,287
Nov 2000	182	1,052	32.21	5.66	$11,814
Oct 2000	0	1,159	31.23	5.15	$5,964
Sep 2000	176	995	31.87	5.19	$10,770
Aug 2000	0	1,555	29.64	4.54	$7,061
Jul 2000	0	917	28.53	4.09	$3,750
Jun 2000	180	826	29.30	4.40	$8,906
May 2000	175	530	27.26	3.68	$6,721
Apr 2000	0	751	24.51	3.12	$2,340
Mar 2000	0	0	28.42	2.86	$0
Feb 2000	0	630	27.62	2.73	$1,718
Jan 2000	171	820	25.27	2.48	$6,355
Dec 1999	0	925	24.28	2.42	$2,242
Nov 1999	174	632	23.19	2.43	$5,573
Oct 1999	0	126	20.98	2.80	$353
Sep 1999	0	1,055	21.75	2.62	$2,763
Aug 1999	167	1,323	19.26	2.88	$7,021
Jul 1999	0	1,145	17.89	2.37	$2,716
Jun 1999	0	1,512	15.94	2.36	$3,572
May 1999	175	1,640	15.79	2.32	$6,570
Apr 1999	0	1,708	15.10	2.21	$3,771
Mar 1999	0	1,173	12.47	1.84	$2,156
Feb 1999	209	1,249	9.98	1.82	$4,356
Jan 1999	2	1,076	10.38	1.90	$2,065
Dec 1998	166	1,735	9.20	1.77	$4,604
Nov 1998	0	1,542	10.89	2.19	$3,370
Oct 1998	0	1,557	12.42	1.97	$3,066
Sep 1998	164	1,471	12.59	2.08	$5,128
Aug 1998	0	1,874	11.30	1.91	$3,574
Jul 1998	0	1,445	11.74	2.24	$3,233
Jun 1998	0	1,350	11.24	2.24	$3,020
May 1998	213	1,537	12.62	2.21	$6,079
Apr 1998	0	1,691	13.04	2.51	$4,237
Mar 1998	209	1,734	12.80	2.31	$6,680
Feb 1998	0	1,479	13.95	2.30	$3,400
Jan 1998	179	1,734	14.70	2.15	$6,368
Dec 1997	0	1,831	16.32	2.41	$4,415
Nov 1997	0	1,866	18.19	3.09	$5,763
Oct 1997	0	1,762	19.25	3.15	$5,550
Sep 1997	0	1,286	17.74	2.95	$3,800
Aug 1997	324	1,989	17.86	2.55	$10,868
Jul 1997	0	1,858	17.58	2.25	$4,175
Jun 1997	0	1,943	17.24	2.26	$4,386
May 1997	210	1,912	18.97	2.31	$8,398
Apr 1997	0	2,000	17.88	2.08	$4,166
Mar 1997	0	2,066	18.95	1.94	$4,006
Feb 1997	171	1,775	20.49	2.21	$7,419
Jan 1997	0	1,719	23.48	3.54	$6,085
Dec 1996	0	1,326	23.32	—	$0
Nov 1996	179	2,099	21.97	—	$3,933
Oct 1996	0	2,443	23.31	—	$0
Sep 1996	179	2,244	22.22	—	$3,977
Aug 1996	0	2,581	20.26	—	$0
Jul 1996	210	2,537	19.55	—	$4,106
Jun 1996	0	2,669	18.73	—	$0
May 1996	161	1,924	19.43	—	$3,128
Apr 1996	165	1,340	21.51	—	$3,549
Mar 1996	0	2,741	19.38	—	$0
Feb 1996	2	2,404	16.98	—	$34
Jan 1996	334	2,664	17.07	—	$5,701
Dec 1995	0	3,043	17.19	—	$0
Nov 1995	180	2,791	16.00	—	$2,880
Oct 1995	0	3,045	15.43	—	$0
Sep 1995	174	2,468	16.18	—	$2,815
Aug 1995	161	2,595	15.92	—	$2,563
Jul 1995	0	2,758	15.24	—	$0
Jun 1995	178	1,109	16.41	—	$2,921
May 1995	178	3,064	17.56	—	$3,126
Apr 1995	0	2,633	17.73	—	$0
Mar 1995	177	2,915	16.44	—	$2,910
Feb 1995	179	2,809	16.58	—	$2,968
Jan 1995	176	2,957	15.92	—	$2,802
Dec 1994	175	2,757	15.03	—	$2,630
Nov 1994	178	2,537	15.90	—	$2,830
Oct 1994	174	1,285	15.58	—	$2,711
Sep 1994	0	1	15.29	—	$0
Aug 1994	0	1	16.13	—	$0
Jul 1994	0	1	17.56	—	$0
Jun 1994	178	106	17.09	—	$3,042
May 1994	0	51	15.88	—	$0
Apr 1994	0	542	14.14	—	$0
Mar 1994	0	1	12.46	—	$0
Feb 1994	0	1	12.50	—	$0
Jan 1994	0	1	12.66	—	$0
Dec 1993	1	1	12.33	—	$12
Nov 1993	0	0	14.49	—	$0
Oct 1993	2	1	15.85	—	$32
Sep 1993	1	1,809	15.03	—	$15
Aug 1993	178	2,947	15.66	—	$2,787
Jul 1993	174	3,319	15.46	—	$2,690
Jun 1993	174	3,505	16.79	—	$2,921
May 1993	0	4,089	17.68	—	$0
Apr 1993	348	2,244	18.05	—	$6,281
Mar 1993	0	3,044	18.14	—	$0
Feb 1993	164	1,933	17.90	—	$2,936
Jan 1993	179	3,472	16.93	—	$3,030

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.

Mar 2006 — as filed, then multipliedworked

Oil                  346 bbl  × $ 56.70 =    $19,618
Casinghead gas       802 Mcf  × $  7.08 =     $5,681

────────────────────────────────────────────────────
Month total                                  $25,299

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/12885 is the state's own key, not one this site invented.