GLASSCOCK 'V' FEE

Operated by CHEVRON U. S. A. INC. (P-5 148113) 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 149798District 08Field 200977002 tax incentive programmesCondensateGasSaveExport
Value, all time
$108 k
May 1994 – Jul 2013
Value, last 12 filed months
$0
at the published price for each month
Months reported
231
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 Gas111994-10-10130728
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
CondensateDisposition1,668 bbl$29,457
GasProduction63,500 Mcf$78,177
Total$107,634

36,897 Mcf of this lease's gas, across 32 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 31.7754, -101.2738. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.77544, -101.27384 · 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
8,425 ft
1 wells filed one
Completion to plug
20.8 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 8,425 ft.

Completions filed
Oct 1992
1 of 1 wells
Plug dates filed
Jul 2013
1 of 1 wells

Last completion to plug: a median of 20.8 years across the 1 well that filed both dates, with the middle half between 20.8 years and 20.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-1733223038,425 ftOct 1992Jul 2013Yes

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 (231)

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

231 months

Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 2001237725.524.31$1,675
Apr 2001337424.685.34$2,069
Mar 2001639224.545.38$2,255
Feb 2001729827.755.77$1,913
Jan 2001237227.478.40$3,179
Dec 2000338426.889.12$3,584
Nov 2000739032.215.66$2,432
Oct 2000640831.235.15$2,287
Sep 2000434431.875.19$1,912
Aug 2000734229.644.54$1,760
Jul 2000735528.534.09$1,652
Jun 2000641029.304.40$1,979
May 2000941527.263.68$1,772
Apr 20001041124.513.12$1,526
Mar 2000943628.422.86$1,503
Feb 20001542227.622.73$1,565
Jan 20001245025.272.48$1,419
Dec 19991546124.282.42$1,482
Nov 19995348923.192.43$2,419
Oct 19995951720.982.80$2,687
Sep 19997449821.752.62$2,914
Aug 19993066819.262.88$2,499
Jul 19991067817.892.37$1,787
Jun 19991066815.942.36$1,737
May 1999953215.792.32$1,377
Apr 19991051915.102.21$1,297
Mar 19991551312.471.84$1,130
Feb 1999144859.981.82$1,021
Jan 19991352410.381.90$1,131
Dec 1998125229.201.77$1,036
Nov 19981652510.892.19$1,322
Oct 19981555012.421.97$1,269
Sep 19981353012.592.08$1,267
Aug 19983271911.301.91$1,733
Jul 19981970411.742.24$1,798
Jun 19982067711.242.24$1,739
May 19981460812.622.21$1,518
Apr 19981360013.042.51$1,673
Mar 19981263612.802.31$1,622
Feb 1998948013.952.30$1,229
Jan 19981349314.702.15$1,253
Dec 19971647816.322.41$1,414
Nov 19972547018.193.09$1,906
Oct 19972350819.253.15$2,043
Sep 19971950517.742.95$1,829
Aug 19971166617.862.55$1,898
Jul 19972870217.582.25$2,070
Jun 19972368917.242.26$1,952
May 19973555118.972.31$1,936
Apr 19973348317.882.08$1,596
Mar 19972751118.951.94$1,503
Feb 1997340720.492.21$959
Jan 1997345723.483.54$1,688
Dec 1996247923.32$47
Nov 1996242721.97$44
Oct 1996348323.31$70
Sep 1996349622.22$67
Aug 1996488920.26$81
Jul 1996488019.55$78
Jun 1996589018.73$94
May 1996101,03519.43$194
Apr 1996101,04121.51$215
Mar 1996101,19119.38$194
Feb 19961398916.98$221
Jan 1996141,08717.07$239
Dec 1995171,10417.19$292
Nov 19951975816.00$304
Oct 19955150115.43$787
Sep 19954830216.18$777
Aug 1995646615.92$96
Jul 1995102,61915.24$152
Jun 1995442,20016.41$722
May 1995451,89817.56$790
Apr 1995481,87317.73$851
Mar 19952652716.44$427
Feb 19954965116.58$812
Jan 19954956915.92$780
Dec 19943892015.03$571
Nov 19945470515.90$859
Oct 19943161315.58$483
Sep 1994142,08115.29$214
Aug 1994352,56516.13$565
Jul 1994443,63017.56$773
Jun 1994391,40217.09$667
May 1994601,62615.88$953

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.

May 2001 — as filed, then multipliedworked
Condensate             2 bbl  × $ 25.52 =        $51
Gas                  377 Mcf  × $  4.31 =     $1,624

────────────────────────────────────────────────────
Month total                                   $1,675

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/149798 is the state's own key, not one this site invented.