GINN HEIRS #1

Name: GINN HEIRS #1 lease production and value, Feb 1999 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by GEO-VEST OF TEXAS, INC. (P-5 300267) in the DANVILLE (TRAVIS PEAK CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 13878District 06Field 23089812OilCasinghead gasSave Export

Value, all time

$3.1 M

Feb 1999 – Jun 2008

Value, last 12 filed months

$222 k

at the published price for each month

Months reported

113

no gaps in the span

Streams

oil, casinghead gas

The DANVILLE (TRAVIS PEAK CONS.) 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 85 leases and 87 wells, and the rule below applies to all of them.

Discovered

1993-11-22

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 1999-11-02.

The Commission's schedule remark for this field reads: “PER DOCKET #06-0254453.”

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	55,393 bbl	$1,941,976
Casinghead gas	Production	203,156 Mcf	$1,159,379
Total			$3,101,355

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 32.4024, -94.8125. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.40237, -94.81253 · 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

7,851 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 7,851 ft.

Completions filed

Jun 2014

1 of 1 wells

1 well


42-18331020	2	7,851 ft	Jun 2014	—	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 (113)

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

113 months


Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	460	460	90.38	8.21	$45,349
Dec 2007	151	160	88.33	7.30	$14,506
Nov 2007	149	1,808	91.67	7.29	$26,842
Oct 2007	371	1,041	82.85	6.92	$37,943
Sep 2007	462	661	75.84	6.24	$39,165
Aug 2007	262	767	69.06	6.39	$22,993
Jul 2007	200	3,339	70.90	6.39	$35,509
Jun 2007	430	3,337	62.00	7.55	$51,849
May 2007	117	1,471	58.74	7.85	$18,414
Apr 2007	148	192	59.61	7.81	$10,321
Mar 2007	169	1,777	56.92	7.30	$22,595
Feb 2007	187	1,133	55.10	8.22	$19,612
Jan 2007	160	2,210	50.30	6.73	$22,914
Dec 2006	162	1,590	56.65	6.92	$20,178
Nov 2006	210	2,618	54.20	7.62	$31,325
Oct 2006	234	2,574	54.90	6.01	$28,326
Sep 2006	330	1,951	60.08	5.04	$29,654
Aug 2006	355	1,345	68.71	7.34	$34,264
Jul 2006	295	556	69.37	6.34	$23,991
Jun 2006	416	1,080	66.28	6.38	$34,467
May 2006	475	1,024	66.01	6.42	$37,934
Apr 2006	97	716	64.39	7.36	$11,516
Mar 2006	371	1,394	56.70	7.08	$30,909
Feb 2006	242	1,850	57.59	7.75	$28,276
Jan 2006	595	4,123	60.59	8.93	$72,883
Dec 2005	648	1,897	54.94	13.42	$61,050
Nov 2005	392	1,241	54.69	10.59	$34,579
Oct 2005	635	2,660	58.34	13.80	$73,743
Sep 2005	104	2,057	61.45	12.08	$31,237
Aug 2005	299	853	61.51	9.80	$26,748
Jul 2005	600	1,133	55.69	7.84	$42,301
Jun 2005	472	2,884	52.33	7.38	$45,987
May 2005	470	4,016	45.22	6.65	$47,964
Apr 2005	829	5,448	49.20	7.36	$80,887
Mar 2005	504	1,704	50.37	7.15	$37,578
Feb 2005	495	1,499	45.22	6.31	$31,845
Jan 2005	513	788	43.16	6.32	$27,123
Dec 2004	330	1,942	39.86	6.75	$26,264
Nov 2004	652	1,959	45.28	6.33	$41,924
Oct 2004	623	1,880	49.70	6.52	$43,211
Sep 2004	478	1,788	43.24	5.28	$30,116
Aug 2004	388	1,655	42.37	5.55	$25,626
Jul 2004	651	3,668	38.28	6.08	$47,237
Jun 2004	514	4,104	36.10	6.43	$44,957
May 2004	1,045	3,176	37.48	6.49	$59,793
Apr 2004	332	3,228	34.47	5.86	$30,355
Mar 2004	672	3,224	34.36	5.53	$40,919
Feb 2004	861	3,665	32.45	5.51	$48,132
Jan 2004	843	3,999	32.03	6.30	$52,194
Dec 2003	649	3,988	30.26	6.30	$44,770
Nov 2003	673	4,066	28.80	4.60	$38,066
Oct 2003	476	4,061	28.17	4.76	$32,738
Sep 2003	840	4,033	26.31	4.75	$41,255
Aug 2003	826	4,100	29.76	5.13	$45,614
Jul 2003	1,032	4,222	29.41	5.17	$52,182
Jun 2003	904	4,223	28.56	5.98	$51,084
May 2003	676	2,120	26.59	5.97	$30,637
Apr 2003	1,180	4,911	26.67	5.41	$58,026
Mar 2003	847	4,855	31.14	6.10	$55,972
Feb 2003	701	1,014	33.48	7.93	$31,506
Jan 2003	1,247	1,125	30.31	5.58	$44,076
Dec 2002	524	1,122	26.91	4.85	$19,547
Nov 2002	825	1,113	24.66	4.14	$24,949
Oct 2002	956	1,040	26.46	4.23	$29,694
Sep 2002	1,005	1,022	27.44	3.64	$31,292
Aug 2002	1,026	1,015	25.96	3.16	$29,847
Jul 2002	807	1,012	24.58	3.06	$22,935
Jun 2002	695	1,007	23.73	3.34	$19,854
May 2002	852	1,021	24.66	3.58	$24,670
Apr 2002	337	966	23.65	3.51	$11,363
Mar 2002	518	960	22.00	3.10	$14,375
Feb 2002	500	850	18.22	2.38	$11,129
Jan 2002	685	980	17.17	2.38	$14,090
Dec 2001	159	1,108	16.93	2.36	$5,312
Nov 2001	322	1,110	18.07	2.41	$8,489
Oct 2001	326	1,115	19.78	2.53	$9,268
Sep 2001	170	1,115	24.26	2.25	$6,634
Aug 2001	328	1,118	24.87	3.05	$11,571
Jul 2001	347	1,210	23.93	3.20	$12,172
Jun 2001	291	1,111	24.56	3.82	$11,396
May 2001	303	565	25.52	4.31	$10,166
Apr 2001	307	1,015	24.68	5.34	$12,992
Mar 2001	442	1,012	24.54	5.38	$16,288
Feb 2001	702	1,002	27.75	5.77	$25,259
Jan 2001	414	1,112	27.47	8.40	$20,712
Dec 2000	358	1,111	26.88	9.12	$19,758
Nov 2000	476	1,210	32.21	5.66	$22,178
Oct 2000	478	1,215	31.23	5.15	$21,180
Sep 2000	415	1,185	31.87	5.19	$19,372
Aug 2000	588	1,189	29.64	4.54	$22,827
Jul 2000	503	1,200	28.53	4.09	$19,258
Jun 2000	510	1,235	29.30	4.40	$20,374
May 2000	607	1,115	27.26	3.68	$20,650
Apr 2000	142	788	24.51	3.12	$5,936
Mar 2000	373	1,204	28.42	2.86	$14,044
Feb 2000	507	1,293	27.62	2.73	$17,529
Jan 2000	516	1,395	25.27	2.48	$16,500
Dec 1999	489	1,388	24.28	2.42	$15,237
Nov 1999	615	1,404	23.19	2.43	$17,679
Oct 1999	597	1,450	20.98	2.80	$16,590
Sep 1999	614	1,455	21.75	2.62	$17,165
Aug 1999	553	1,700	19.26	2.88	$15,539
Jul 1999	647	1,855	17.89	2.37	$15,976
Jun 1999	609	2,105	15.94	2.36	$14,680
May 1999	572	2,503	15.79	2.32	$14,841
Apr 1999	754	2,505	15.10	2.21	$16,917
Mar 1999	685	2,465	12.47	1.84	$13,073
Feb 1999	495	3,122	9.98	1.82	$10,615

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.

Jan 2008 — as filed, then multipliedworked

Oil                  460 bbl  × $ 90.38 =    $41,575
Casinghead gas       460 Mcf  × $  8.21 =     $3,775

────────────────────────────────────────────────────
Month total                                  $45,349

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/13878 is the state's own key, not one this site invented.