TERRY

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

Operated by RANGE PRODUCTION COMPANY (P-5 691703) in the CONGER (PENN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 145647District 08Field 200977002 tax incentive programmesGasSave Export

Value, all time

$266 k

May 1993 – Sep 2004

Value, last 12 filed months

$29 k

at the published price for each month

Months reported

137

no gaps in the span

Streams

gas

The CONGER (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 1,011 leases and 1,988 wells, and the rule below applies to all of them.

Discovered

1978-01-01

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 1985-04-29.

The Commission's schedule remark for this field reads: “OPTIONAL 40ACRE UNIT DIAG. 2100 PER #8-84810”

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	1993-08-02	129070
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Gas	Production	394,144 Mcf	$266,106
Total			$266,106

313,772 Mcf of this lease's gas, across 44 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 31.7778, -101.1095. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.77783, -101.10952 · 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

7,710 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 7,710 ft.

Completions filed

Sep 2004

1 of 1 wells

1 well


42-43132619	610	7,710 ft	Sep 2004	—	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 (137)

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

137 months


Sep 2004	0	43.24	5.28	$0
Aug 2004	400	42.37	5.55	$2,220
Jul 2004	492	38.28	6.08	$2,993
Jun 2004	439	36.10	6.43	$2,824
May 2004	473	37.48	6.49	$3,072
Apr 2004	421	34.47	5.86	$2,466
Mar 2004	527	34.36	5.53	$2,914
Feb 2004	442	32.45	5.51	$2,435
Jan 2004	437	32.03	6.30	$2,753
Dec 2003	482	30.26	6.30	$3,037
Nov 2003	558	28.80	4.60	$2,564
Oct 2003	432	28.17	4.76	$2,056
Sep 2003	518	26.31	4.75	$2,460
Aug 2003	610	29.76	5.13	$3,129
Jul 2003	635	29.41	5.17	$3,283
Jun 2003	611	28.56	5.98	$3,656
May 2003	547	26.59	5.97	$3,267
Apr 2003	609	26.67	5.41	$3,293
Mar 2003	618	31.14	6.10	$3,767
Feb 2003	620	33.48	7.93	$4,914
Jan 2003	719	30.31	5.58	$4,013
Dec 2002	645	26.91	4.85	$3,131
Nov 2002	528	24.66	4.14	$2,184
Oct 2002	494	26.46	4.23	$2,089
Sep 2002	435	27.44	3.64	$1,581
Aug 2002	756	25.96	3.16	$2,392
Jul 2002	311	24.58	3.06	$952
Jun 2002	455	23.73	3.34	$1,519
May 2002	461	24.66	3.58	$1,652
Apr 2002	422	23.65	3.51	$1,482
Mar 2002	536	22.00	3.10	$1,663
Feb 2002	534	18.22	2.38	$1,269
Jan 2002	543	17.17	2.38	$1,290
Dec 2001	596	16.93	2.36	$1,409
Nov 2001	608	18.07	2.41	$1,463
Oct 2001	622	19.78	2.53	$1,573
Sep 2001	718	24.26	2.25	$1,616
Aug 2001	599	24.87	3.05	$1,829
Jul 2001	523	23.93	3.20	$1,672
Jun 2001	601	24.56	3.82	$2,298
May 2001	565	25.52	4.31	$2,434
Apr 2001	789	24.68	5.34	$4,210
Mar 2001	824	24.54	5.38	$4,430
Feb 2001	672	27.75	5.77	$3,875
Jan 2001	694	27.47	8.40	$5,829
Dec 2000	516	26.88	9.12	$4,707
Nov 2000	691	32.21	5.66	$3,910
Oct 2000	765	31.23	5.15	$3,936
Sep 2000	760	31.87	5.19	$3,942
Aug 2000	878	29.64	4.54	$3,987
Jul 2000	778	28.53	4.09	$3,182
Jun 2000	849	29.30	4.40	$3,733
May 2000	1,049	27.26	3.68	$3,860
Apr 2000	520	24.51	3.12	$1,620
Mar 2000	575	28.42	2.86	$1,644
Feb 2000	606	27.62	2.73	$1,652
Jan 2000	557	25.27	2.48	$1,382
Dec 1999	609	24.28	2.42	$1,476
Nov 1999	607	23.19	2.43	$1,477
Oct 1999	843	20.98	2.80	$2,364
Sep 1999	664	21.75	2.62	$1,739
Aug 1999	688	19.26	2.88	$1,978
Jul 1999	712	17.89	2.37	$1,689
Jun 1999	644	15.94	2.36	$1,521
May 1999	921	15.79	2.32	$2,138
Apr 1999	868	15.10	2.21	$1,917
Mar 1999	794	12.47	1.84	$1,460
Feb 1999	743	9.98	1.82	$1,351
Jan 1999	865	10.38	1.90	$1,643
Dec 1998	846	9.20	1.77	$1,500
Nov 1998	920	10.89	2.19	$2,011
Oct 1998	940	12.42	1.97	$1,851
Sep 1998	724	12.59	2.08	$1,508
Aug 1998	960	11.30	1.91	$1,831
Jul 1998	993	11.74	2.24	$2,222
Jun 1998	905	11.24	2.24	$2,025
May 1998	1,181	12.62	2.21	$2,606
Apr 1998	1,561	13.04	2.51	$3,911
Mar 1998	1,708	12.80	2.31	$3,945
Feb 1998	1,836	13.95	2.30	$4,221
Jan 1998	1,802	14.70	2.15	$3,883
Dec 1997	1,901	16.32	2.41	$4,584
Nov 1997	1,907	18.19	3.09	$5,889
Oct 1997	1,680	19.25	3.15	$5,292
Sep 1997	1,522	17.74	2.95	$4,497
Aug 1997	1,739	17.86	2.55	$4,443
Jul 1997	1,786	17.58	2.25	$4,013
Jun 1997	2,090	17.24	2.26	$4,718
May 1997	1,569	18.97	2.31	$3,622
Apr 1997	2,251	17.88	2.08	$4,688
Mar 1997	2,333	18.95	1.94	$4,524
Feb 1997	2,501	20.49	2.21	$5,517
Jan 1997	2,694	23.48	3.54	$9,536
Dec 1996	3,138	23.32	—	$0
Nov 1996	2,870	21.97	—	$0
Oct 1996	2,675	23.31	—	$0
Sep 1996	3,308	22.22	—	$0
Aug 1996	3,652	20.26	—	$0
Jul 1996	3,484	19.55	—	$0
Jun 1996	2,762	18.73	—	$0
May 1996	3,686	19.43	—	$0
Apr 1996	3,740	21.51	—	$0
Mar 1996	4,466	19.38	—	$0
Feb 1996	4,206	16.98	—	$0
Jan 1996	4,560	17.07	—	$0
Dec 1995	5,354	17.19	—	$0
Nov 1995	4,962	16.00	—	$0
Oct 1995	5,597	15.43	—	$0
Sep 1995	6,229	16.18	—	$0
Aug 1995	7,120	15.92	—	$0
Jul 1995	6,603	15.24	—	$0
Jun 1995	6,225	16.41	—	$0
May 1995	6,667	17.56	—	$0
Apr 1995	4,305	17.73	—	$0
Mar 1995	2,785	16.44	—	$0
Feb 1995	2,540	16.58	—	$0
Jan 1995	2,321	15.92	—	$0
Dec 1994	2,662	15.03	—	$0
Nov 1994	3,105	15.90	—	$0
Oct 1994	4,411	15.58	—	$0
Sep 1994	4,883	15.29	—	$0
Aug 1994	2,093	16.13	—	$0
Jul 1994	4,910	17.56	—	$0
Jun 1994	5,762	17.09	—	$0
May 1994	6,798	15.88	—	$0
Apr 1994	7,930	14.14	—	$0
Mar 1994	10,950	12.46	—	$0
Feb 1994	10,591	12.50	—	$0
Jan 1994	12,805	12.66	—	$0
Dec 1993	13,572	12.33	—	$0
Nov 1993	11,976	14.49	—	$0
Oct 1993	13,264	15.85	—	$0
Sep 1993	14,126	15.03	—	$0
Aug 1993	18,943	15.66	—	$0
Jul 1993	23,210	15.46	—	$0
Jun 1993	25,179	16.79	—	$0
May 1993	13,347	17.68	—	$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.

Aug 2004 — as filed, then multipliedworked

Gas                  400 Mcf  × $  5.55 =     $2,220

────────────────────────────────────────────────────
Month total                                   $2,220

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/145647 is the state's own key, not one this site invented.