TERRY, I. W.

Operated by MERIT ENERGY COMPANY (P-5 561136) in the CONGER, SW (PENN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 153120District 08Field 20101500CondensateGasSaveExport
Value, all time
$366 k
Jan 1995 – Mar 2010
Value, last 12 filed months
$6 k
at the published price for each month
Months reported
183
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 271 leases and 445 wells, and the rule below applies to all of them.

Discovered
1979-02-21
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 1986-07-01.

The Commission's schedule remark for this field reads: OPERATOR REQUEST. TEXACO E & P INC ALLICIANT..

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
CondensateDisposition653 bbl$16,415
GasProduction89,048 Mcf$350,035
Total$366,450

19,611 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 31.6710, -101.2492. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.67103, -101.24920 · 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
8,506 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 8,506 ft.

Completions filed
Mar 2010
1 of 1 wells

1 well

42-43131117158,506 ftMar 2010Yes

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 (183)

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

183 months

Mar 20100078.394.39$0
Feb 201005073.585.44$272
Jan 2010011674.365.96$692
Dec 2009016071.445.48$877
Nov 2009016974.593.75$634
Oct 2009021272.544.11$871
Sep 2009015365.543.06$469
Aug 2009013467.423.22$431
Jul 2009013161.133.46$454
Jun 2009012666.163.90$491
May 2009015054.743.93$589
Apr 2009014146.773.59$506
Mar 2009012842.144.06$520
Feb 200909432.814.63$436
Jan 2009012135.865.37$650
Dec 2008019137.105.98$1,142
Nov 200809455.496.86$645
Oct 200809475.246.92$651
Sep 2008068101.767.88$536
Aug 2008073114.228.48$619
Jul 2008086131.0811.39$979
Jun 2008096131.3313.03$1,251
May 20080116123.1711.57$1,343
Apr 20080118110.3110.45$1,234
Mar 20080119101.909.66$1,150
Feb 2008012292.538.77$1,070
Jan 2008012590.388.21$1,026
Dec 2007012988.337.30$942
Nov 20070091.677.29$0
Oct 2007013082.856.92$900
Sep 2007019075.846.24$1,186
Aug 2007019669.066.39$1,252
Jul 2007019170.906.39$1,220
Jun 2007017262.007.55$1,298
May 2007018158.747.85$1,420
Apr 2007017459.617.81$1,358
Mar 2007022556.927.30$1,643
Feb 2007017755.108.22$1,454
Jan 2007019650.306.73$1,318
Dec 2006021356.656.92$1,474
Nov 2006024154.207.62$1,836
Oct 2006032554.906.01$1,954
Sep 2006041560.085.04$2,090
Aug 2006041868.717.34$3,068
Jul 2006053569.376.34$3,393
Jun 2006047366.286.38$3,020
May 2006045166.016.42$2,898
Apr 2006042864.397.36$3,150
Mar 2006053656.707.08$3,796
Feb 2006060657.597.75$4,697
Jan 2006064960.598.93$5,798
Dec 20050054.9413.42$0
Nov 2005059654.6910.59$6,311
Oct 2005055458.3413.80$7,643
Sep 2005248961.4512.08$6,030
Aug 2005456861.519.80$5,811
Jul 2005468255.697.84$5,572
Jun 2005581452.337.38$6,270
May 2005485845.226.65$5,888
Apr 2005692349.207.36$7,089
Mar 200551,80250.377.15$13,145
Feb 2005576845.226.31$5,074
Jan 2005688143.166.32$5,829
Dec 2004681139.866.75$5,714
Nov 2004568345.286.33$4,550
Oct 2004679049.706.52$5,445
Sep 2004577443.245.28$4,306
Aug 2004577842.375.55$4,530
Jul 2004586238.286.08$5,436
Jun 2004695736.106.43$6,373
May 200461,08837.486.49$7,291
Apr 200451,12834.475.86$6,781
Mar 200461,15334.365.53$6,582
Feb 2004585932.455.51$4,895
Jan 2004677732.036.30$5,087
Dec 2003682330.266.30$5,368
Nov 2003582828.804.60$3,949
Oct 2003776028.174.76$3,815
Sep 2003675226.314.75$3,729
Aug 2003796829.765.13$5,174
Jul 200371,07329.415.17$5,754
Jun 2003585328.565.98$5,246
May 2003687626.595.97$5,392
Apr 2003698626.675.41$5,492
Mar 200361,15131.146.10$7,203
Feb 2003581433.487.93$6,619
Jan 200361,23230.315.58$7,059
Dec 2002676926.914.85$3,894
Nov 2002674524.664.14$3,230
Oct 2002675326.464.23$3,343
Sep 2002576727.443.64$2,925
Aug 2002684725.963.16$2,836
Jul 2002782124.583.06$2,686
Jun 2002975023.733.34$2,717
May 20021180724.663.58$3,164
Apr 20021184923.653.51$3,242
Mar 20021181822.003.10$2,780
Feb 20021481418.222.38$2,189
Jan 20021471517.172.38$1,939
Dec 20011059616.932.36$1,578
Nov 20011061218.072.41$1,653
Oct 2001759719.782.53$1,648
Sep 2001661924.262.25$1,539
Aug 2001758124.873.05$1,948
Jul 2001753823.933.20$1,888
Jun 20012349024.563.82$2,439
May 20011242425.524.31$2,133
Apr 200119024.685.34$469
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20001032.215.66$32
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20005029.644.54$148
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 200011027.263.68$300
Apr 20008024.513.12$196
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20001326925.272.48$996
Dec 19991229224.282.42$999
Nov 1999028023.192.43$682
Oct 19991135920.982.80$1,237
Sep 1999034021.752.62$890
Aug 1999737419.262.88$1,210
Jul 19991442517.892.37$1,259
Jun 19997015.942.36$112
May 19991538915.792.32$1,140
Apr 1999734915.102.21$876
Mar 1999738012.471.84$786
Feb 199903219.981.82$584
Jan 1999729210.381.90$627
Dec 199802799.201.77$495
Nov 1998029910.892.19$654
Oct 1998731012.421.97$697
Sep 1998027312.592.08$569
Aug 1998026311.301.91$502
Jul 1998026911.742.24$602
Jun 1998027111.242.24$606
May 1998929512.622.21$764
Apr 1998030213.042.51$757
Mar 1998034712.802.31$801
Feb 19981034613.952.30$935
Jan 1998038614.702.15$832
Dec 1997937416.322.41$1,049
Nov 1997041918.193.09$1,294
Oct 1997048119.253.15$1,515
Sep 1997840317.742.95$1,333
Aug 1997036917.862.55$943
Jul 1997037817.582.25$849
Jun 1997847717.242.26$1,215
May 1997047918.972.31$1,106
Apr 19971049517.882.08$1,210
Mar 19971043718.951.94$1,037
Feb 199701,81220.492.21$3,997
Jan 1997054223.483.54$1,919
Dec 1996061023.32$0
Nov 1996958921.97$198
Oct 1996060023.31$0
Sep 199607,67922.22$0
Aug 19961064820.26$203
Jul 1996073319.55$0
Jun 1996065518.73$0
May 1996564019.43$97
Apr 1996653621.51$129
Mar 1996072019.38$0
Feb 19961769416.98$289
Jan 1996053417.07$0
Dec 1995052217.19$0
Nov 1995641016.00$96
Oct 1995039415.43$0
Sep 1995630916.18$97
Aug 1995027515.92$0
Jul 1995032715.24$0
Jun 1995632616.41$98
May 1995037817.56$0
Apr 1995037317.73$0
Mar 1995656716.44$99
Feb 1995052916.58$0
Jan 1995056315.92$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.

Feb 2010 — as filed, then multipliedworked
Condensate             0 bbl  × $ 73.58 =         $0
Gas                   50 Mcf  × $  5.44 =       $272

────────────────────────────────────────────────────
Month total                                     $272

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/153120 is the state's own key, not one this site invented.