FROST, A. E., UNIT

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the FROST (SMACKOVER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 5008District 06Field 33105500Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$551 k
Jan 1993 – Jul 2006
Value, last 12 filed months
$0
at the published price for each month
Months reported
163
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 13 leases and 20 wells, and the rule below applies to all of them.

Discovered
1964-02-02
as the register files it
Field class
Oil
the register's own label
Between wells
1,650 ft
minimum
From a lease line
660 ft
minimum

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

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: NO LATER THAN NOV. 15TH

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.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA1none

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.

StreamBasisVolumeValue
OilDisposition13,878 bbl$258,474
Casinghead gasProduction209,109 Mcf$292,756
Total$551,230

97,692 Mcf of this lease's gas, across 30 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 33.2497, -94.4491. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.24968, -94.44907 · 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
3,898 ft
1 wells filed one
Completion to plug
1 well filed both, dated out of order

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 3,898 ft.

Completions filed
Nov 2014
1 of 1 wells
Plug dates filed
Jul 2004
1 of 1 wells

Last completion to plug: no median is published. 1 well on this lease filed both dates, and on that one the last completion is dated after the plug date, so there is no interval to take a median of. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-0670009713,898 ftNov 2014Jul 2004Yes

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 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 2003030130.315.58$1,680
Dec 200205126.914.85$248
Nov 200201324.664.14$54
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 200217698324.583.06$7,336
Jun 20021801,74423.733.34$10,093
May 2002094124.663.58$3,373
Apr 2002015323.653.51$537
Mar 2002024322.003.10$754
Feb 20020018.222.38$0
Jan 200218343117.172.38$4,166
Dec 2001062516.932.36$1,478
Nov 20010018.072.41$0
Oct 2001030219.782.53$764
Sep 2001022124.262.25$498
Aug 20010024.873.05$0
Jul 2001016723.933.20$534
Jun 20013471,03024.563.82$12,461
May 200112639125.524.31$4,900
Apr 20010024.685.34$0
Mar 200102724.545.38$145
Feb 2001020827.755.77$1,200
Jan 2001022027.478.40$1,848
Dec 2000037626.889.12$3,430
Nov 20000032.215.66$0
Oct 2000054631.235.15$2,809
Sep 20001821,15531.875.19$11,791
Aug 200017587029.644.54$9,137
Jul 2000091828.534.09$3,754
Jun 20001801,27229.304.40$10,867
May 200001,31127.263.68$4,824
Apr 200017934224.513.12$5,453
Mar 20001792,14028.422.86$11,207
Feb 20003572,04727.622.73$15,441
Jan 200001,01825.272.48$2,525
Dec 1999035624.282.42$863
Nov 19990023.192.43$0
Oct 199902020.982.80$56
Sep 1999034521.752.62$904
Aug 19990019.262.88$0
Jul 1999100017.892.37$1,789
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990112.471.84$2
Feb 1999009.981.82$0
Jan 1999069410.381.90$1,319
Dec 19981653,2109.201.77$7,210
Nov 199813110.892.19$144
Oct 1998050112.421.97$987
Sep 19981851,77812.592.08$6,032
Aug 1998363,34011.301.91$6,777
Jul 19981803,85811.742.24$10,745
Jun 19982424,96111.242.24$13,819
May 19981673,62612.622.21$10,108
Apr 19982053,72013.042.51$11,993
Mar 19981815,24912.802.31$14,439
Feb 19982244,35613.952.30$13,140
Jan 19981805,74214.702.15$15,019
Dec 19973076,50016.322.41$20,682
Nov 19973025,09018.193.09$21,213
Oct 19971614,60319.253.15$17,598
Sep 19973685,31317.742.95$22,228
Aug 19972304,69217.862.55$16,095
Jul 19971504,48517.582.25$12,715
Jun 19973353,56217.242.26$13,816
May 19973955,90118.972.31$21,116
Apr 19973684,80817.882.08$16,594
Mar 1997221,16218.951.94$2,670
Feb 19972032,17220.492.21$8,951
Jan 19971121,32523.483.54$7,320
Dec 1996951,90023.32$2,215
Nov 19963662,70421.97$8,041
Oct 19961553,06423.31$3,613
Sep 19964915,42022.22$10,910
Aug 19964325,34020.26$8,752
Jul 19963685,10219.55$7,194
Jun 19964665,24118.73$8,728
May 1996901,04919.43$1,749
Apr 1996520121.51$108
Mar 19961022,40519.38$1,977
Feb 19962974,19916.98$5,043
Jan 19962822,68517.07$4,814
Dec 19951943,94917.19$3,335
Nov 19952342,43916.00$3,744
Oct 19952074,96615.43$3,194
Sep 19951941,01016.18$3,139
Aug 19951802,79515.92$2,866
Jul 1995791,75615.24$1,204
Jun 19950016.41$0
May 19951491,98817.56$2,616
Apr 19953478,04917.73$6,152
Mar 19952313,02416.44$3,798
Feb 1995034116.58$0
Jan 19954915,58015.92$7,817
Dec 19944038,08015.03$6,057
Nov 19944489,29215.90$7,123
Oct 19943702,68915.58$5,765
Sep 19941051,79515.29$1,605
Aug 1994044716.13$0
Jul 1994010717.56$0
Jun 199407517.09$0
May 19940015.88$0
Apr 19940014.14$0
Mar 19940012.46$0
Feb 19942012.50$25
Jan 19940012.66$0
Dec 19930012.33$0
Nov 19930014.49$0
Oct 19930015.85$0
Sep 19930015.03$0
Aug 19930015.66$0
Jul 19930015.46$0
Jun 19930016.79$0
May 19930017.68$0
Apr 19930018.05$0
Mar 19930018.14$0
Feb 19930017.90$0
Jan 19930016.93$0

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 2003 — as filed, then multipliedworked
Oil                    0 bbl  × $ 30.31 =         $0
Casinghead gas       301 Mcf  × $  5.58 =     $1,680

────────────────────────────────────────────────────
Month total                                   $1,680

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/5008 is the state's own key, not one this site invented.