STERLING "G" FEE

Name: STERLING "G" FEE lease production and value, Aug 1994 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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 151372District 08Field 20097700CondensateGasSave Export

Value, all time

$178 k

Aug 1994 – Aug 2003

Value, last 12 filed months

$31 k

at the published price for each month

Months reported

109

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	1,366 bbl	$29,737
Gas	Production	67,923 Mcf	$147,987
Total			$177,724

25,322 Mcf of this lease's gas, across 24 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 31.7231, -101.2115. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.72308, -101.21149 · 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

8,110 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 8,110 ft.

Completions filed

Aug 2003

1 of 1 wells

1 well


42-43131700	15	8,110 ft	Aug 2003	—	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 (109)

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

109 months


Aug 2003	1	52	29.76	5.13	$297
Jul 2003	9	535	29.41	5.17	$3,031
Jun 2003	18	386	28.56	5.98	$2,824
May 2003	12	409	26.59	5.97	$2,762
Apr 2003	7	367	26.67	5.41	$2,171
Mar 2003	10	371	31.14	6.10	$2,573
Feb 2003	13	392	33.48	7.93	$3,542
Jan 2003	30	507	30.31	5.58	$3,739
Dec 2002	9	494	26.91	4.85	$2,640
Nov 2002	6	522	24.66	4.14	$2,307
Oct 2002	10	520	26.46	4.23	$2,464
Sep 2002	12	531	27.44	3.64	$2,260
Aug 2002	8	507	25.96	3.16	$1,812
Jul 2002	7	518	24.58	3.06	$1,758
Jun 2002	7	459	23.73	3.34	$1,698
May 2002	10	428	24.66	3.58	$1,781
Apr 2002	9	416	23.65	3.51	$1,674
Mar 2002	10	451	22.00	3.10	$1,619
Feb 2002	3	427	18.22	2.38	$1,069
Jan 2002	6	467	17.17	2.38	$1,212
Dec 2001	5	455	16.93	2.36	$1,160
Nov 2001	3	434	18.07	2.41	$1,098
Oct 2001	6	452	19.78	2.53	$1,262
Sep 2001	19	535	24.26	2.25	$1,665
Aug 2001	30	614	24.87	3.05	$2,621
Jul 2001	32	632	23.93	3.20	$2,786
Jun 2001	30	675	24.56	3.82	$3,318
May 2001	37	761	25.52	4.31	$4,222
Apr 2001	37	739	24.68	5.34	$4,856
Mar 2001	26	747	24.54	5.38	$4,654
Feb 2001	25	656	27.75	5.77	$4,477
Jan 2001	24	695	27.47	8.40	$6,496
Dec 2000	21	703	26.88	9.12	$6,978
Nov 2000	15	694	32.21	5.66	$4,410
Oct 2000	16	711	31.23	5.15	$4,158
Sep 2000	15	708	31.87	5.19	$4,150
Aug 2000	24	727	29.64	4.54	$4,012
Jul 2000	26	723	28.53	4.09	$3,699
Jun 2000	21	686	29.30	4.40	$3,632
May 2000	25	424	27.26	3.68	$2,242
Apr 2000	22	407	24.51	3.12	$1,807
Mar 2000	20	427	28.42	2.86	$1,790
Feb 2000	24	693	27.62	2.73	$2,552
Jan 2000	18	807	25.27	2.48	$2,457
Dec 1999	18	772	24.28	2.42	$2,308
Nov 1999	14	478	23.19	2.43	$1,488
Oct 1999	15	496	20.98	2.80	$1,705
Sep 1999	16	520	21.75	2.62	$1,710
Aug 1999	17	491	19.26	2.88	$1,739
Jul 1999	12	504	17.89	2.37	$1,410
Jun 1999	9	481	15.94	2.36	$1,280
May 1999	10	500	15.79	2.32	$1,318
Apr 1999	8	470	15.10	2.21	$1,159
Mar 1999	6	472	12.47	1.84	$943
Feb 1999	6	437	9.98	1.82	$854
Jan 1999	6	509	10.38	1.90	$1,029
Dec 1998	7	504	9.20	1.77	$958
Nov 1998	10	500	10.89	2.19	$1,202
Oct 1998	11	544	12.42	1.97	$1,208
Sep 1998	11	492	12.59	2.08	$1,163
Aug 1998	33	646	11.30	1.91	$1,605
Jul 1998	19	647	11.74	2.24	$1,671
Jun 1998	21	622	11.24	2.24	$1,628
May 1998	5	541	12.62	2.21	$1,257
Apr 1998	3	538	13.04	2.51	$1,387
Mar 1998	2	564	12.80	2.31	$1,328
Feb 1998	2	508	13.95	2.30	$1,196
Jan 1998	3	573	14.70	2.15	$1,279
Dec 1997	3	561	16.32	2.41	$1,402
Nov 1997	3	531	18.19	3.09	$1,694
Oct 1997	3	549	19.25	3.15	$1,787
Sep 1997	4	557	17.74	2.95	$1,717
Aug 1997	4	574	17.86	2.55	$1,538
Jul 1997	6	574	17.58	2.25	$1,395
Jun 1997	6	553	17.24	2.26	$1,352
May 1997	6	658	18.97	2.31	$1,633
Apr 1997	7	671	17.88	2.08	$1,523
Mar 1997	6	700	18.95	1.94	$1,471
Feb 1997	0	0	20.49	2.21	$0
Jan 1997	0	0	23.48	3.54	$0
Dec 1996	0	0	23.32	—	$0
Nov 1996	0	0	21.97	—	$0
Oct 1996	0	0	23.31	—	$0
Sep 1996	1	0	22.22	—	$22
Aug 1996	8	1,184	20.26	—	$162
Jul 1996	7	1,265	19.55	—	$137
Jun 1996	1	0	18.73	—	$19
May 1996	10	1,311	19.43	—	$194
Apr 1996	11	1,303	21.51	—	$237
Mar 1996	11	1,333	19.38	—	$213
Feb 1996	14	1,206	16.98	—	$238
Jan 1996	11	1,262	17.07	—	$188
Dec 1995	17	1,227	17.19	—	$292
Nov 1995	21	860	16.00	—	$336
Oct 1995	11	980	15.43	—	$170
Sep 1995	41	775	16.18	—	$663
Aug 1995	33	1,047	15.92	—	$525
Jul 1995	28	1,023	15.24	—	$427
Jun 1995	28	899	16.41	—	$459
May 1995	23	981	17.56	—	$404
Apr 1995	7	939	17.73	—	$124
Mar 1995	4	1,301	16.44	—	$66
Feb 1995	7	1,365	16.58	—	$116
Jan 1995	23	1,240	15.92	—	$366
Dec 1994	2	1,221	15.03	—	$30
Nov 1994	2	996	15.90	—	$32
Oct 1994	8	396	15.58	—	$125
Sep 1994	7	1,162	15.29	—	$107
Aug 1994	0	46	16.13	—	$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 2003 — as filed, then multipliedworked

Condensate             1 bbl  × $ 29.76 =        $30
Gas                   52 Mcf  × $  5.13 =       $267

────────────────────────────────────────────────────
Month total                                     $297

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/151372 is the state's own key, not one this site invented.