STERLING "W" FEE

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

Operated by CHEVRON U. S. A. INC. (P-5 148113) in the CONGER, SW (PENN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 131030District 08Field 20101500CondensateGasSave Export

Value, all time

$317 k

Jan 1993 – Mar 2003

Value, last 12 filed months

$33 k

at the published price for each month

Months reported

123

no gaps in the span

Streams

condensate, gas

The CONGER, SW (PENN) 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 271 leases and 445 wells, and the rule below applies to all of them.

Discovered

1979-02-21

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1986-07-01.

The Commission's schedule remark for this field reads: “OPERATOR REQUEST. TEXACO E & P INC ALLICIANT..”

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
Condensate	Disposition	3,254 bbl	$69,556
Gas	Production	132,607 Mcf	$247,826
Total			$317,382

54,140 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 31.6641, -101.2590. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.66412, -101.25896 · 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

8,500 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 8,500 ft.

Completions filed

Nov 2002

1 of 1 wells

1 well


42-43131723	1	8,500 ft	Nov 2002	—	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 (123)

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

123 months


Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	1	0	26.91	4.85	$27
Nov 2002	11	1,073	24.66	4.14	$4,710
Oct 2002	30	1,141	26.46	4.23	$5,619
Sep 2002	26	1,101	27.44	3.64	$4,716
Aug 2002	25	1,219	25.96	3.16	$4,506
Jul 2002	20	1,177	24.58	3.06	$4,095
Jun 2002	15	1,202	23.73	3.34	$4,369
May 2002	10	1,209	24.66	3.58	$4,580
Apr 2002	4	198	23.65	3.51	$790
Mar 2002	12	860	22.00	3.10	$2,932
Feb 2002	10	869	18.22	2.38	$2,247
Jan 2002	17	933	17.17	2.38	$2,508
Dec 2001	15	991	16.93	2.36	$2,597
Nov 2001	15	958	18.07	2.41	$2,576
Oct 2001	21	1,036	19.78	2.53	$3,035
Sep 2001	19	993	24.26	2.25	$2,697
Aug 2001	12	1,054	24.87	3.05	$3,516
Jul 2001	13	1,077	23.93	3.20	$3,754
Jun 2001	15	1,019	24.56	3.82	$4,265
May 2001	22	1,099	25.52	4.31	$5,295
Apr 2001	28	1,092	24.68	5.34	$6,517
Mar 2001	21	1,518	24.54	5.38	$8,677
Feb 2001	15	1,217	27.75	5.77	$7,435
Jan 2001	19	1,469	27.47	8.40	$12,860
Dec 2000	37	1,185	26.88	9.12	$11,805
Nov 2000	101	1,177	32.21	5.66	$9,913
Oct 2000	575	1,142	31.23	5.15	$23,833
Sep 2000	17	1,093	31.87	5.19	$6,211
Aug 2000	25	1,170	29.64	4.54	$6,054
Jul 2000	29	1,053	28.53	4.09	$5,134
Jun 2000	25	1,186	29.30	4.40	$5,948
May 2000	21	1,364	27.26	3.68	$5,592
Apr 2000	21	1,238	24.51	3.12	$4,372
Mar 2000	19	1,295	28.42	2.86	$4,243
Feb 2000	28	1,280	27.62	2.73	$4,263
Jan 2000	23	1,322	25.27	2.48	$3,860
Dec 1999	24	1,280	24.28	2.42	$3,685
Nov 1999	26	1,264	23.19	2.43	$3,680
Oct 1999	26	1,292	20.98	2.80	$4,168
Sep 1999	24	1,254	21.75	2.62	$3,806
Aug 1999	28	1,296	19.26	2.88	$4,266
Jul 1999	22	1,322	17.89	2.37	$3,530
Jun 1999	24	1,354	15.94	2.36	$3,581
May 1999	21	1,583	15.79	2.32	$4,006
Apr 1999	21	1,475	15.10	2.21	$3,574
Mar 1999	18	1,781	12.47	1.84	$3,499
Feb 1999	21	1,598	9.98	1.82	$3,114
Jan 1999	23	1,505	10.38	1.90	$3,098
Dec 1998	36	1,538	9.20	1.77	$3,059
Nov 1998	31	1,446	10.89	2.19	$3,498
Oct 1998	33	1,659	12.42	1.97	$3,677
Sep 1998	30	1,569	12.59	2.08	$3,645
Aug 1998	28	1,586	11.30	1.91	$3,341
Jul 1998	22	2,021	11.74	2.24	$4,780
Jun 1998	25	984	11.24	2.24	$2,482
May 1998	24	819	12.62	2.21	$2,110
Apr 1998	25	1,449	13.04	2.51	$3,956
Mar 1998	21	1,431	12.80	2.31	$3,574
Feb 1998	19	1,228	13.95	2.30	$3,088
Jan 1998	23	545	14.70	2.15	$1,512
Dec 1997	20	546	16.32	2.41	$1,643
Nov 1997	21	505	18.19	3.09	$1,942
Oct 1997	20	522	19.25	3.15	$2,029
Sep 1997	20	508	17.74	2.95	$1,856
Aug 1997	19	497	17.86	2.55	$1,609
Jul 1997	23	499	17.58	2.25	$1,526
Jun 1997	26	482	17.24	2.26	$1,536
May 1997	34	524	18.97	2.31	$1,855
Apr 1997	33	543	17.88	2.08	$1,721
Mar 1997	29	621	18.95	1.94	$1,754
Feb 1997	27	447	20.49	2.21	$1,539
Jan 1997	19	484	23.48	3.54	$2,159
Dec 1996	25	509	23.32	—	$583
Nov 1996	25	475	21.97	—	$549
Oct 1996	33	453	23.31	—	$769
Sep 1996	26	465	22.22	—	$578
Aug 1996	28	573	20.26	—	$567
Jul 1996	22	610	19.55	—	$430
Jun 1996	18	583	18.73	—	$337
May 1996	23	508	19.43	—	$447
Apr 1996	23	500	21.51	—	$495
Mar 1996	24	523	19.38	—	$465
Feb 1996	21	445	16.98	—	$357
Jan 1996	24	625	17.07	—	$410
Dec 1995	26	1,129	17.19	—	$447
Nov 1995	26	574	16.00	—	$416
Oct 1995	32	879	15.43	—	$494
Sep 1995	21	410	16.18	—	$340
Aug 1995	17	1,222	15.92	—	$271
Jul 1995	12	1,372	15.24	—	$183
Jun 1995	7	1,488	16.41	—	$115
May 1995	17	1,366	17.56	—	$299
Apr 1995	44	1,530	17.73	—	$780
Mar 1995	82	1,535	16.44	—	$1,348
Feb 1995	46	3,970	16.58	—	$763
Jan 1995	4	96	15.92	—	$64
Dec 1994	2	92	15.03	—	$30
Nov 1994	5	57	15.90	—	$80
Oct 1994	3	424	15.58	—	$47
Sep 1994	3	809	15.29	—	$46
Aug 1994	7	987	16.13	—	$113
Jul 1994	30	1,517	17.56	—	$527
Jun 1994	9	737	17.09	—	$154
May 1994	20	1,854	15.88	—	$318
Apr 1994	23	2,215	14.14	—	$325
Mar 1994	33	2,196	12.46	—	$411
Feb 1994	45	2,103	12.50	—	$563
Jan 1994	39	1,808	12.66	—	$494
Dec 1993	15	1,667	12.33	—	$185
Nov 1993	17	1,665	14.49	—	$246
Oct 1993	12	1,167	15.85	—	$190
Sep 1993	24	1,634	15.03	—	$361
Aug 1993	15	1,878	15.66	—	$235
Jul 1993	24	1,687	15.46	—	$371
Jun 1993	14	1,260	16.79	—	$235
May 1993	15	1,288	17.68	—	$265
Apr 1993	16	957	18.05	—	$289
Mar 1993	13	1,146	18.14	—	$236
Feb 1993	16	1,266	17.90	—	$286
Jan 1993	25	1,886	16.93	—	$423

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.

Dec 2002 — as filed, then multipliedworked

Condensate             1 bbl  × $ 26.91 =        $27
Gas                    0 Mcf  × $  4.85 =         $0

────────────────────────────────────────────────────
Month total                                      $27

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/131030 is the state's own key, not one this site invented.