GLASS

Operated by WAGNER & BROWN, LTD. (P-5 891075) 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 148451District 08Field 200977002 tax incentive programmesCondensateGasSaveExport
Value, all time
$179 k
Dec 1993 – Jun 1998
Value, last 12 filed months
$81 k
at the published price for each month
Months reported
55
no gaps in the span
Streams
2
condensate, 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 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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas111994-03-21129938
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
CondensateDisposition2,750 bbl$46,639
GasProduction304,472 Mcf$132,646
Total$179,285

251,753 Mcf of this lease's gas, across 37 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 31.7602, -101.2384. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.76022, -101.23844 · 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
0.0%
0 of 1 wells
Median depth
8,450 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 8,450 ft.

Completions filed
Aug 1993
1 of 1 wells

1 well

42-4313268320248,450 ftAug 1993Yes

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 (55)

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

55 months

Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 199812012.802.31$154
Feb 1998443,14713.952.30$7,849
Jan 1998503,51514.702.15$8,309
Dec 1997403,57916.322.41$9,282
Nov 1997393,49318.193.09$11,497
Oct 1997403,75819.253.15$12,607
Sep 1997353,69417.742.95$11,536
Aug 1997343,84417.862.55$10,428
Jul 1997363,87317.582.25$9,335
Jun 1997443,83517.242.26$9,415
May 1997433,99218.972.31$10,031
Apr 1997383,86617.882.08$8,731
Mar 1997504,18618.951.94$9,065
Feb 1997513,74220.492.21$9,299
Jan 1997534,19523.483.54$16,093
Dec 1996654,40723.32$1,516
Nov 1996474,34321.97$1,033
Oct 1996564,61023.31$1,305
Sep 1996534,41122.22$1,178
Aug 1996224,68520.26$446
Jul 1996394,78619.55$762
Jun 1996384,73518.73$712
May 1996484,87419.43$933
Apr 1996524,93021.51$1,119
Mar 1996534,98319.38$1,027
Feb 1996424,59916.98$713
Jan 1996595,28317.07$1,007
Dec 1995655,28617.19$1,117
Nov 1995555,37716.00$880
Oct 1995535,66615.43$818
Sep 1995645,75916.18$1,036
Aug 1995335,98315.92$525
Jul 1995416,41415.24$625
Jun 1995466,12616.41$755
May 1995506,57817.56$878
Apr 1995606,50317.73$1,064
Mar 1995646,86416.44$1,052
Feb 1995606,40716.58$995
Jan 1995717,24815.92$1,130
Dec 1994737,50915.03$1,097
Nov 1994687,53715.90$1,081
Oct 1994558,29415.58$857
Sep 1994598,06115.29$902
Aug 1994928,62616.13$1,484
Jul 1994339,39817.56$579
Jun 1994299,73317.09$496
May 1994569,39115.88$889
Apr 19948810,47214.14$1,244
Mar 19945111,47912.46$635
Feb 19949210,93212.50$1,150
Jan 199410813,17912.66$1,367
Dec 19931016,28512.33$1,245

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.

Mar 1998 — as filed, then multipliedworked
Condensate            12 bbl  × $ 12.80 =       $154
Gas                    0 Mcf  × $  2.31 =         $0

────────────────────────────────────────────────────
Month total                                     $154

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/148451 is the state's own key, not one this site invented.