GLASS "K"

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

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 148457District 08Field 20097700CondensateGasSave Export

Value, all time

$79 k

Dec 1993 – Jun 1999

Value, last 12 filed months

$18 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, 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”

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	795 bbl	$12,948
Gas	Production	80,014 Mcf	$65,736
Total			$78,685

51,793 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 31.7757, -101.2217. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.77568, -101.22172 · 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

8,300 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 8,300 ft.

Completions filed

May 1984

1 of 1 wells

1 well


42-43131436	504	8,300 ft	May 1984	—	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 (67)

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

67 months


Jun 1999	0	0	15.94	2.36	$0
May 1999	0	0	15.79	2.32	$0
Apr 1999	0	0	15.10	2.21	$0
Mar 1999	3	0	12.47	1.84	$37
Feb 1999	12	908	9.98	1.82	$1,770
Jan 1999	21	1,025	10.38	1.90	$2,165
Dec 1998	21	968	9.20	1.77	$1,910
Nov 1998	18	978	10.89	2.19	$2,334
Oct 1998	16	1,068	12.42	1.97	$2,302
Sep 1998	16	1,083	12.59	2.08	$2,457
Aug 1998	17	1,151	11.30	1.91	$2,387
Jul 1998	16	1,157	11.74	2.24	$2,776
Jun 1998	14	1,141	11.24	2.24	$2,710
May 1998	13	1,142	12.62	2.21	$2,684
Apr 1998	14	1,073	13.04	2.51	$2,871
Mar 1998	16	1,097	12.80	2.31	$2,738
Feb 1998	13	931	13.95	2.30	$2,322
Jan 1998	16	1,028	14.70	2.15	$2,450
Dec 1997	8	1,037	16.32	2.41	$2,631
Nov 1997	11	1,017	18.19	3.09	$3,341
Oct 1997	16	1,152	19.25	3.15	$3,937
Sep 1997	13	1,124	17.74	2.95	$3,552
Aug 1997	11	1,170	17.86	2.55	$3,186
Jul 1997	18	1,210	17.58	2.25	$3,035
Jun 1997	17	1,129	17.24	2.26	$2,841
May 1997	11	1,116	18.97	2.31	$2,785
Apr 1997	19	1,086	17.88	2.08	$2,602
Mar 1997	20	1,190	18.95	1.94	$2,687
Feb 1997	20	1,072	20.49	2.21	$2,775
Jan 1997	20	1,168	23.48	3.54	$4,604
Dec 1996	22	1,183	23.32	—	$513
Nov 1996	17	1,152	21.97	—	$373
Oct 1996	14	1,239	23.31	—	$326
Sep 1996	9	1,228	22.22	—	$200
Aug 1996	9	1,304	20.26	—	$182
Jul 1996	9	1,361	19.55	—	$176
Jun 1996	11	1,297	18.73	—	$206
May 1996	11	1,346	19.43	—	$214
Apr 1996	11	1,237	21.51	—	$237
Mar 1996	12	1,303	19.38	—	$233
Feb 1996	14	1,246	16.98	—	$238
Jan 1996	17	1,322	17.07	—	$290
Dec 1995	17	1,328	17.19	—	$292
Nov 1995	13	1,302	16.00	—	$208
Oct 1995	7	1,360	15.43	—	$108
Sep 1995	10	1,370	16.18	—	$162
Aug 1995	10	1,440	15.92	—	$159
Jul 1995	10	1,528	15.24	—	$152
Jun 1995	9	1,610	16.41	—	$148
May 1995	11	1,581	17.56	—	$193
Apr 1995	9	1,408	17.73	—	$160
Mar 1995	9	1,414	16.44	—	$148
Feb 1995	5	1,267	16.58	—	$83
Jan 1995	8	1,391	15.92	—	$127
Dec 1994	8	1,405	15.03	—	$120
Nov 1994	11	1,418	15.90	—	$175
Oct 1994	8	1,532	15.58	—	$125
Sep 1994	13	1,503	15.29	—	$199
Aug 1994	9	1,576	16.13	—	$145
Jul 1994	8	1,602	17.56	—	$140
Jun 1994	7	1,550	17.09	—	$120
May 1994	13	1,572	15.88	—	$206
Apr 1994	9	1,523	14.14	—	$127
Mar 1994	9	1,542	12.46	—	$112
Feb 1994	2	1,332	12.50	—	$25
Jan 1994	3	1,463	12.66	—	$38
Dec 1993	11	1,558	12.33	—	$136

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 1999 — as filed, then multipliedworked

Condensate             3 bbl  × $ 12.47 =        $37
Gas                    0 Mcf  × $  1.84 =         $0

────────────────────────────────────────────────────
Month total                                      $37

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/148457 is the state's own key, not one this site invented.