WOODWARD UNIVERSITY

Operated by MARATHON OIL COMPANY (P-5 525380) in the CHENOT (GRANITE WASH) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 124849District 08Field 17438120GasSaveExport
Value, all time
$119 k
Jan 1993 – Apr 2005
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
148
no gaps in the span
Streams
1
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 11 leases and 11 wells, and the rule below applies to all of them.

Discovered
1973-11-02
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: PER MARATHON OIL COMPANY REQUEST

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
GasProduction97,499 Mcf$119,292
Total$119,292

57,503 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 (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 30.9420, -102.4612. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.94202, -102.46121 · 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
5,840 ft
1 wells filed one
Completion to plug
17.8 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 5,840 ft.

Completions filed
Jun 1987
1 of 1 wells
Plug dates filed
Apr 2005
1 of 1 wells

Last completion to plug: a median of 17.8 years across the 1 well that filed both dates, with the middle half between 17.8 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.

1 well

42-3713592835,840 ftJun 1987Apr 2005Yes

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 (148)

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

148 months

Apr 2005049.207.36$0
Mar 2005050.377.15$0
Feb 2005045.226.31$0
Jan 200527143.166.32$1,713
Dec 2004039.866.75$0
Nov 200412545.286.33$791
Oct 2004049.706.52$0
Sep 2004043.245.28$0
Aug 2004042.375.55$0
Jul 2004438.286.08$24
Jun 20041036.106.43$64
May 20048237.486.49$533
Apr 2004034.475.86$0
Mar 2004034.365.53$0
Feb 2004032.455.51$0
Jan 2004032.036.30$0
Dec 2003030.266.30$0
Nov 2003028.804.60$0
Oct 2003028.174.76$0
Sep 2003026.314.75$0
Aug 2003029.765.13$0
Jul 2003029.415.17$0
Jun 2003028.565.98$0
May 2003026.595.97$0
Apr 2003026.675.41$0
Mar 2003031.146.10$0
Feb 20034633.487.93$365
Jan 20031330.315.58$73
Dec 2002026.914.85$0
Nov 2002024.664.14$0
Oct 2002026.464.23$0
Sep 2002027.443.64$0
Aug 200261925.963.16$1,959
Jul 2002024.583.06$0
Jun 2002023.733.34$0
May 2002024.663.58$0
Apr 2002023.653.51$0
Mar 2002022.003.10$0
Feb 2002018.222.38$0
Jan 2002017.172.38$0
Dec 20012116.932.36$50
Nov 2001018.072.41$0
Oct 2001019.782.53$0
Sep 2001024.262.25$0
Aug 2001024.873.05$0
Jul 200122623.933.20$723
Jun 200127524.563.82$1,052
May 200133525.524.31$1,443
Apr 200143624.685.34$2,326
Mar 200151624.545.38$2,774
Feb 200154427.755.77$3,137
Jan 200147127.478.40$3,956
Dec 200043726.889.12$3,987
Nov 200054632.215.66$3,089
Oct 200051531.235.15$2,650
Sep 200043231.875.19$2,241
Aug 200063829.644.54$2,897
Jul 200053128.534.09$2,172
Jun 200055729.304.40$2,449
May 200059527.263.68$2,189
Apr 200062424.513.12$1,944
Mar 200065228.422.86$1,865
Feb 200051427.622.73$1,401
Jan 200053325.272.48$1,322
Dec 199961024.282.42$1,478
Nov 199954123.192.43$1,317
Oct 199961620.982.80$1,727
Sep 199974021.752.62$1,938
Aug 1999019.262.88$0
Jul 199965617.892.37$1,556
Jun 199935715.942.36$843
May 199947715.792.32$1,107
Apr 19997215.102.21$159
Mar 199911112.471.84$204
Feb 19995839.981.82$1,060
Jan 199977410.381.90$1,471
Dec 19988119.201.77$1,438
Nov 1998010.892.19$0
Oct 199879712.421.97$1,569
Sep 199890812.592.08$1,891
Aug 199899011.301.91$1,888
Jul 199894111.742.24$2,105
Jun 199882811.242.24$1,852
May 199891112.622.21$2,010
Apr 19981,05713.042.51$2,648
Mar 19981,03612.802.31$2,393
Feb 199888713.952.30$2,039
Jan 19981,06414.702.15$2,293
Dec 199791616.322.41$2,209
Nov 19971,15818.193.09$3,576
Oct 19971,02919.253.15$3,241
Sep 19971,41717.742.95$4,187
Aug 19971,45017.862.55$3,704
Jul 199771917.582.25$1,616
Jun 19971,35117.242.26$3,049
May 19971,14918.972.31$2,652
Apr 199799517.882.08$2,072
Mar 19971,29718.951.94$2,515
Feb 19971,06720.492.21$2,354
Jan 19971,11323.483.54$3,940
Dec 19961,16723.32$0
Nov 19961,14621.97$0
Oct 19961,13623.31$0
Sep 19961,08322.22$0
Aug 19961,15920.26$0
Jul 19961,16719.55$0
Jun 19961,16418.73$0
May 19961,08819.43$0
Apr 199694821.51$0
Mar 199693219.38$0
Feb 199684716.98$0
Jan 19961,08517.07$0
Dec 199593117.19$0
Nov 19951,08316.00$0
Oct 19951,39115.43$0
Sep 199594916.18$0
Aug 199592915.92$0
Jul 199597015.24$0
Jun 199587716.41$0
May 199596417.56$0
Apr 19951,21517.73$0
Mar 199582516.44$0
Feb 199586216.58$0
Jan 19951,01015.92$0
Dec 199484015.03$0
Nov 19941,13315.90$0
Oct 19941,00915.58$0
Sep 199479715.29$0
Aug 199497316.13$0
Jul 199484717.56$0
Jun 19941,08217.09$0
May 199484515.88$0
Apr 19941,88414.14$0
Mar 19942,38212.46$0
Feb 19941,74712.50$0
Jan 19941,43712.66$0
Dec 19931,84812.33$0
Nov 19931,63914.49$0
Oct 19931,71615.85$0
Sep 19931,58415.03$0
Aug 19931,45615.66$0
Jul 19931,74115.46$0
Jun 19931,26516.79$0
May 19931,28117.68$0
Apr 19931,38918.05$0
Mar 19931,47618.14$0
Feb 19931,90217.90$0
Jan 199330216.93$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 2005 — as filed, then multipliedworked
Gas                  271 Mcf  × $  6.32 =     $1,713

────────────────────────────────────────────────────
Month total                                   $1,713

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. 08/G/124849 is the state's own key, not one this site invented.