MCDONALD 124

Operated by OLSEN ENERGY INC. (P-5 621750) in the PUTNAM (WICHITA-ALBANY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 150247District 08Field 73507600Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$391 k
May 1994 – Aug 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
172
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 30 leases and 31 wells, and the rule below applies to all of them.

Discovered
1978-06-20
as the register files it
Field class
Oil and gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: REQUEST MARATHON OIL COMPANY APPLICIANT

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
CondensateDisposition269 bbl$8,612
GasProduction120,741 Mcf$382,609
Total$391,221

1,008 Mcf of this lease's gas, across 3 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 30.9515, -102.3997. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.95153, -102.39975 · 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
5,400 ft
1 wells filed one
Completion to plug
14.3 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 5,400 ft.

Completions filed
May 1994
1 of 1 wells
Plug dates filed
Aug 2008
1 of 1 wells

Last completion to plug: a median of 14.3 years across the 1 well that filed both dates, with the middle half between 14.3 years and 14.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-3713563335,400 ftMay 1994Aug 2008Yes

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 (172)

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

172 months

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 200603369.376.34$209
Jun 200602666.286.38$166
May 200603566.016.42$225
Apr 200603364.397.36$243
Mar 200604456.707.08$312
Feb 20060457.597.75$31
Jan 200604760.598.93$420
Dec 200506054.9413.42$805
Nov 200505554.6910.59$582
Oct 2005016158.3413.80$2,221
Sep 2005018861.4512.08$2,271
Aug 2005025161.519.80$2,459
Jul 2005031155.697.84$2,439
Jun 2005021052.337.38$1,550
May 2005033745.226.65$2,241
Apr 2005040349.207.36$2,966
Mar 2005044950.377.15$3,213
Feb 2005042945.226.31$2,708
Jan 2005056443.166.32$3,566
Dec 20042560339.866.75$5,067
Nov 2004051945.286.33$3,285
Oct 20048029549.706.52$5,898
Sep 2004014643.245.28$771
Aug 2004019842.375.55$1,099
Jul 2004023338.286.08$1,418
Jun 2004031536.106.43$2,026
May 2004034637.486.49$2,247
Apr 2004038434.475.86$2,250
Mar 2004048634.365.53$2,688
Feb 2004041732.455.51$2,298
Jan 2004032432.036.30$2,041
Dec 2003036530.266.30$2,300
Nov 2003037628.804.60$1,728
Oct 2003037328.174.76$1,775
Sep 2003066226.314.75$3,144
Aug 2003042129.765.13$2,160
Jul 2003050329.415.17$2,601
Jun 2003059328.565.98$3,548
May 2003045826.595.97$2,735
Apr 2003056326.675.41$3,044
Mar 200304731.146.10$287
Feb 2003058533.487.93$4,637
Jan 2003054830.315.58$3,059
Dec 2002068726.914.85$3,335
Nov 2002063524.664.14$2,627
Oct 2002057526.464.23$2,432
Sep 2002071027.443.64$2,581
Aug 2002030525.963.16$965
Jul 2002033024.583.06$1,010
Jun 2002038423.733.34$1,282
May 2002044924.663.58$1,609
Apr 2002071323.653.51$2,504
Mar 2002071522.003.10$2,218
Feb 2002060918.222.38$1,447
Jan 2002056517.172.38$1,342
Dec 2001081816.932.36$1,934
Nov 2001088418.072.41$2,126
Oct 2001086819.782.53$2,195
Sep 2001079424.262.25$1,788
Aug 200101,53724.873.05$4,693
Jul 200101,36223.933.20$4,354
Jun 2001189724.563.82$3,455
May 200101,04725.524.31$4,510
Apr 2001099924.685.34$5,330
Mar 2001298524.545.38$5,345
Feb 2001268627.755.77$4,012
Jan 2001174427.478.40$6,276
Dec 2000194326.889.12$8,629
Nov 2000193432.215.66$5,317
Oct 2000074431.235.15$3,828
Sep 2000196431.875.19$5,032
Aug 2000041929.644.54$1,903
Jul 200011,15128.534.09$4,736
Jun 200001,09929.304.40$4,833
May 200001,24227.263.68$4,570
Apr 200024,16724.513.12$13,033
Mar 200022,20628.422.86$6,365
Feb 200012,84727.622.73$7,790
Jan 200045,92525.272.48$14,798
Dec 199903,20224.282.42$7,761
Nov 199927,31823.192.43$17,858
Oct 199925,17520.982.80$14,551
Sep 19991372,92921.752.62$10,650
Aug 199904,00919.262.88$11,528
Jul 199902,63817.892.37$6,258
Jun 199905,47115.942.36$12,923
May 199914,88815.792.32$11,361
Apr 199935,63115.102.21$12,479
Mar 199904,16912.471.84$7,664
Feb 199906,8389.981.82$12,430
Jan 199905,59510.381.90$10,630
Dec 199805,3999.201.77$9,574
Nov 199801,92510.892.19$4,208
Oct 1998020712.421.97$408
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 19970019.253.15$0
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 19970017.242.26$0
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 19970018.951.94$0
Feb 19970020.492.21$0
Jan 19970023.483.54$0
Dec 19960023.32$0
Nov 19960021.97$0
Oct 19960023.31$0
Sep 19960022.22$0
Aug 19960020.26$0
Jul 19960019.55$0
Jun 19960018.73$0
May 19960019.43$0
Apr 19960021.51$0
Mar 19960019.38$0
Feb 19960016.98$0
Jan 19960017.07$0
Dec 19950017.19$0
Nov 19950016.00$0
Oct 19950015.43$0
Sep 19950016.18$0
Aug 19950015.92$0
Jul 19950015.24$0
Jun 19950016.41$0
May 19950017.56$0
Apr 19950017.73$0
Mar 19950016.44$0
Feb 19950016.58$0
Jan 19950015.92$0
Dec 19940015.03$0
Nov 19940015.90$0
Oct 19940015.58$0
Sep 19940015.29$0
Aug 19940016.13$0
Jul 199402117.56$0
Jun 1994031717.09$0
May 1994067015.88$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.

Jul 2006 — as filed, then multipliedworked
Condensate             0 bbl  × $ 69.37 =         $0
Gas                   33 Mcf  × $  6.34 =       $209

────────────────────────────────────────────────────
Month total                                     $209

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/150247 is the state's own key, not one this site invented.