I.R.T. STATE

Name: I.R.T. STATE lease production and value, Mar 1996 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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

Gas lease lease 158028District 08Field 79227500CondensateGasSave Export

Value, all time

$834 k

Mar 1996 – Oct 2017

Value, last 12 filed months

at the published price for each month

Months reported

260

no gaps in the span

Streams

condensate, gas

The S.E.G. (WICHITA-ALBANY) 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 20 leases and 20 wells, and the rule below applies to all of them.

Discovered

1979-07-05

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 Commission's schedule remark for this field reads: “ALLOCATION FORMULA SUSPENDED 4/1/95 PER COMPLETED AOF SURVEY”

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	2,420 bbl	$106,525
Gas	Production	159,413 Mcf	$727,173
Total			$833,698

12,238 Mcf of this lease's gas, across 10 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 31.1661, -102.7196. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.16607, -102.71962 · 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

100.0%

1 of 1 wells

Median depth

5,015 ft

1 wells filed one

Completion to plug

27.8 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 5,015 ft.

Completions filed

Sep 1989

1 of 1 wells

Plug dates filed

Jun 2017

1 of 1 wells

Last completion to plug: a median of 27.8 years across the 1 well that filed both dates, with the middle half between 27.8 years and 27.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-37136179	2	5,015 ft	Sep 1989	Jun 2017	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 (260)

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

260 months


Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	214	0	26.47	2.06	$5,665
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	19	70.46	4.25	$81
Oct 2014	0	43	78.30	3.90	$168
Sep 2014	0	13	86.16	4.05	$53
Aug 2014	0	16	89.39	4.04	$65
Jul 2014	0	9	96.56	4.18	$38
Jun 2014	0	4	98.16	4.74	$19
May 2014	0	4	94.73	4.73	$19
Apr 2014	0	220	95.94	4.81	$1,058
Mar 2014	0	234	95.89	5.06	$1,183
Feb 2014	0	148	97.40	6.19	$916
Jan 2014	0	148	90.40	4.86	$719
Dec 2013	0	156	91.82	4.35	$679
Nov 2013	0	202	88.85	3.74	$755
Oct 2013	0	174	97.42	3.78	$658
Sep 2013	0	1	104.11	3.72	$4
Aug 2013	0	182	104.25	3.52	$641
Jul 2013	0	201	102.52	3.72	$747
Jun 2013	0	314	94.40	3.93	$1,235
May 2013	0	176	94.83	4.15	$730
Apr 2013	0	288	93.96	4.28	$1,233
Mar 2013	0	209	93.62	3.91	$818
Feb 2013	0	208	91.23	3.42	$711
Jan 2013	0	200	91.60	3.42	$684
Dec 2012	0	257	86.77	3.42	$879
Nov 2012	0	323	86.95	3.62	$1,171
Oct 2012	0	338	89.38	3.40	$1,149
Sep 2012	0	220	94.67	2.92	$642
Aug 2012	0	209	92.66	2.91	$608
Jul 2012	0	204	85.13	3.02	$616
Jun 2012	0	187	79.82	2.52	$471
May 2012	0	235	91.61	2.49	$585
Apr 2012	0	236	101.65	2.00	$471
Mar 2012	0	236	105.05	2.22	$524
Feb 2012	0	209	101.10	2.57	$537
Jan 2012	0	279	98.09	2.73	$763
Dec 2011	0	303	96.87	3.24	$982
Nov 2011	0	452	95.72	3.31	$1,497
Oct 2011	0	389	84.98	3.65	$1,419
Sep 2011	0	396	83.62	3.99	$1,578
Aug 2011	0	359	83.40	4.15	$1,490
Jul 2011	0	395	94.14	4.52	$1,784
Jun 2011	0	309	92.90	4.64	$1,434
May 2011	0	313	98.13	4.40	$1,379
Apr 2011	0	504	105.96	4.33	$2,184
Mar 2011	0	517	96.36	4.06	$2,098
Feb 2011	0	472	85.64	4.18	$1,973
Jan 2011	0	482	86.50	4.59	$2,212
Dec 2010	0	464	85.73	4.35	$2,017
Nov 2010	0	547	80.84	3.80	$2,076
Oct 2010	0	508	78.10	3.51	$1,783
Sep 2010	1	448	72.63	3.98	$1,855
Aug 2010	0	409	73.68	4.42	$1,808
Jul 2010	0	452	72.55	4.74	$2,141
Jun 2010	0	533	70.36	4.91	$2,617
May 2010	0	591	71.12	4.24	$2,503
Apr 2010	170	872	81.69	4.12	$17,482
Mar 2010	19	1,148	78.39	4.39	$6,528
Feb 2010	12	1,045	73.58	5.44	$6,570
Jan 2010	10	963	74.36	5.96	$6,487
Dec 2009	10	886	71.44	5.48	$5,573
Nov 2009	10	1,115	74.59	3.75	$4,929
Oct 2009	22	1,266	72.54	4.11	$6,799
Sep 2009	165	1,013	65.54	3.06	$13,919
Aug 2009	24	1,297	67.42	3.22	$5,792
Jul 2009	24	1,264	61.13	3.46	$5,846
Jun 2009	11	1,079	66.16	3.90	$4,930
May 2009	11	865	54.74	3.93	$3,998
Apr 2009	4	834	46.77	3.59	$3,179
Mar 2009	16	961	42.14	4.06	$4,575
Feb 2009	3	772	32.81	4.63	$3,675
Jan 2009	8	890	35.86	5.37	$5,067
Dec 2008	27	877	37.10	5.98	$6,244
Nov 2008	0	967	55.49	6.86	$6,634
Oct 2008	27	777	75.24	6.92	$7,410
Sep 2008	21	912	101.76	7.88	$9,321
Aug 2008	2	966	114.22	8.48	$8,423
Jul 2008	1	140	131.08	11.39	$1,726
Jun 2008	0	424	131.33	13.03	$5,526
May 2008	0	937	123.17	11.57	$10,845
Apr 2008	0	756	110.31	10.45	$7,904
Mar 2008	0	1,076	101.90	9.66	$10,399
Feb 2008	14	883	92.53	8.77	$9,040
Jan 2008	0	652	90.38	8.21	$5,350
Dec 2007	9	1,198	88.33	7.30	$9,543
Nov 2007	137	414	91.67	7.29	$15,578
Oct 2007	0	1,280	82.85	6.92	$8,860
Sep 2007	1	277	75.84	6.24	$1,805
Aug 2007	0	984	69.06	6.39	$6,286
Jul 2007	0	494	70.90	6.39	$3,156
Jun 2007	0	886	62.00	7.55	$6,688
May 2007	0	946	58.74	7.85	$7,423
Apr 2007	14	881	59.61	7.81	$7,711
Mar 2007	0	1,033	56.92	7.30	$7,543
Feb 2007	3	870	55.10	8.22	$7,313
Jan 2007	0	898	50.30	6.73	$6,041
Dec 2006	0	1,095	56.65	6.92	$7,576
Nov 2006	24	854	54.20	7.62	$7,806
Oct 2006	172	898	54.90	6.01	$14,843
Sep 2006	0	951	60.08	5.04	$4,790
Aug 2006	0	930	68.71	7.34	$6,826
Jul 2006	1	1,236	69.37	6.34	$7,909
Jun 2006	0	1,122	66.28	6.38	$7,163
May 2006	0	549	66.01	6.42	$3,527
Apr 2006	0	549	64.39	7.36	$4,041
Mar 2006	0	1,204	56.70	7.08	$8,528
Feb 2006	0	1,107	57.59	7.75	$8,580
Jan 2006	0	622	60.59	8.93	$5,557
Dec 2005	0	365	54.94	13.42	$4,897
Nov 2005	0	777	54.69	10.59	$8,227
Oct 2005	0	888	58.34	13.80	$12,251
Sep 2005	0	840	61.45	12.08	$10,146
Aug 2005	0	698	61.51	9.80	$6,838
Jul 2005	0	649	55.69	7.84	$5,091
Jun 2005	0	1,321	52.33	7.38	$9,750
May 2005	0	171	45.22	6.65	$1,137
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	141	23	45.22	6.31	$6,521
Jan 2005	0	434	43.16	6.32	$2,744
Dec 2004	0	998	39.86	6.75	$6,738
Nov 2004	0	930	45.28	6.33	$5,887
Oct 2004	0	784	49.70	6.52	$5,108
Sep 2004	170	905	43.24	5.28	$12,133
Aug 2004	0	1,065	42.37	5.55	$5,911
Jul 2004	0	1,148	38.28	6.08	$6,985
Jun 2004	0	1,079	36.10	6.43	$6,941
May 2004	0	1,251	37.48	6.49	$8,125
Apr 2004	0	515	34.47	5.86	$3,017
Mar 2004	4	722	34.36	5.53	$4,130
Feb 2004	0	945	32.45	5.51	$5,207
Jan 2004	0	1,103	32.03	6.30	$6,949
Dec 2003	0	1,121	30.26	6.30	$7,064
Nov 2003	0	1,093	28.80	4.60	$5,023
Oct 2003	0	1,242	28.17	4.76	$5,911
Sep 2003	0	1,463	26.31	4.75	$6,948
Aug 2003	0	1,050	29.76	5.13	$5,386
Jul 2003	0	927	29.41	5.17	$4,793
Jun 2003	0	1,473	28.56	5.98	$8,813
May 2003	0	491	26.59	5.97	$2,933
Apr 2003	0	824	26.67	5.41	$4,456
Mar 2003	182	1,044	31.14	6.10	$12,032
Feb 2003	1	914	33.48	7.93	$7,278
Jan 2003	0	1,112	30.31	5.58	$6,207
Dec 2002	0	1,159	26.91	4.85	$5,626
Nov 2002	0	1,090	24.66	4.14	$4,509
Oct 2002	0	1,088	26.46	4.23	$4,601
Sep 2002	0	1,030	27.44	3.64	$3,744
Aug 2002	0	1,035	25.96	3.16	$3,275
Jul 2002	0	1,105	24.58	3.06	$3,383
Jun 2002	0	923	23.73	3.34	$3,081
May 2002	0	1,097	24.66	3.58	$3,932
Apr 2002	0	783	23.65	3.51	$2,750
Mar 2002	0	938	22.00	3.10	$2,910
Feb 2002	0	999	18.22	2.38	$2,373
Jan 2002	0	874	17.17	2.38	$2,076
Dec 2001	0	1,042	16.93	2.36	$2,464
Nov 2001	0	712	18.07	2.41	$1,713
Oct 2001	0	1,171	19.78	2.53	$2,961
Sep 2001	134	1,198	24.26	2.25	$5,948
Aug 2001	0	1,217	24.87	3.05	$3,716
Jul 2001	0	1,271	23.93	3.20	$4,063
Jun 2001	0	1,177	24.56	3.82	$4,501
May 2001	0	1,333	25.52	4.31	$5,742
Apr 2001	0	1,502	24.68	5.34	$8,014
Mar 2001	0	918	24.54	5.38	$4,936
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	0	387	32.21	5.66	$2,190
Oct 2000	0	1,022	31.23	5.15	$5,259
Sep 2000	0	1,186	31.87	5.19	$6,151
Aug 2000	0	1,273	29.64	4.54	$5,780
Jul 2000	0	0	28.53	4.09	$0
Jun 2000	0	0	29.30	4.40	$0
May 2000	0	0	27.26	3.68	$0
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	0	0	28.42	2.86	$0
Feb 2000	0	2	27.62	2.73	$5
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	0	0	23.19	2.43	$0
Oct 1999	0	0	20.98	2.80	$0
Sep 1999	0	3	21.75	2.62	$8
Aug 1999	0	1	19.26	2.88	$3
Jul 1999	0	4	17.89	2.37	$9
Jun 1999	0	2	15.94	2.36	$5
May 1999	0	11	15.79	2.32	$26
Apr 1999	0	84	15.10	2.21	$185
Mar 1999	0	573	12.47	1.84	$1,053
Feb 1999	1	841	9.98	1.82	$1,539
Jan 1999	6	1,361	10.38	1.90	$2,648
Dec 1998	11	1,375	9.20	1.77	$2,540
Nov 1998	5	1,367	10.89	2.19	$3,042
Oct 1998	4	1,591	12.42	1.97	$3,183
Sep 1998	10	1,136	12.59	2.08	$2,492
Aug 1998	10	1,117	11.30	1.91	$2,244
Jul 1998	10	1,264	11.74	2.24	$2,945
Jun 1998	176	674	11.24	2.24	$3,486
May 1998	16	1,005	12.62	2.21	$2,419
Apr 1998	11	1,070	13.04	2.51	$2,824
Mar 1998	12	1,278	12.80	2.31	$3,105
Feb 1998	11	1,183	13.95	2.30	$2,873
Jan 1998	13	1,357	14.70	2.15	$3,115
Dec 1997	18	1,307	16.32	2.41	$3,445
Nov 1997	15	1,173	18.19	3.09	$3,895
Oct 1997	0	1,492	19.25	3.15	$4,700
Sep 1997	152	1,015	17.74	2.95	$5,696
Aug 1997	0	34	17.86	2.55	$87
Jul 1997	0	42	17.58	2.25	$94
Jun 1997	0	261	17.24	2.26	$589
May 1997	0	330	18.97	2.31	$762
Apr 1997	0	898	17.88	2.08	$1,870
Mar 1997	0	989	18.95	1.94	$1,918
Feb 1997	0	1,163	20.49	2.21	$2,565
Jan 1997	0	1,417	23.48	3.54	$5,016
Dec 1996	13	1,304	23.32	—	$303
Nov 1996	98	1,264	21.97	—	$2,153
Oct 1996	0	1,166	23.31	—	$0
Sep 1996	0	1,196	22.22	—	$0
Aug 1996	0	1,307	20.26	—	$0
Jul 1996	0	1,197	19.55	—	$0
Jun 1996	0	1,293	18.73	—	$0
May 1996	0	1,336	19.43	—	$0
Apr 1996	9	1,369	21.51	—	$194
Mar 1996	0	806	19.38	—	$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 2016 — as filed, then multipliedworked

Condensate           214 bbl  × $ 26.47 =     $5,665
Gas                    0 Mcf  × $  2.06 =         $0

────────────────────────────────────────────────────
Month total                                   $5,665

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/158028 is the state's own key, not one this site invented.