STERLING "M" FEE

Name: STERLING "M" FEE lease production and value, Aug 1996 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 159911District 08Field 20097700CondensateGasSave Export

Value, all time

$679 k

Aug 1996 – May 2012

Value, last 12 filed months

$24 k

at the published price for each month

Months reported

190

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	2,770 bbl	$93,332
Gas	Production	140,291 Mcf	$585,649
Total			$678,980

5,490 Mcf of this lease's gas, across 5 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 31.7257, -101.1554. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.72567, -101.15542 · 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

7,900 ft

1 wells filed one

Completion to plug

4.3 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 7,900 ft.

Completions filed

May 2012

1 of 1 wells

Plug dates filed

Sep 2016

1 of 1 wells

Last completion to plug: a median of 4.3 years across the 1 well that filed both dates, with the middle half between 4.3 years and 4.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-43130910	3	7,900 ft	May 2012	Sep 2016	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 (190)

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

190 months


May 2012	0	0	91.61	2.49	$0
Apr 2012	3	186	101.65	2.00	$676
Mar 2012	1	190	105.05	2.22	$527
Feb 2012	0	180	101.10	2.57	$463
Jan 2012	0	210	98.09	2.73	$574
Dec 2011	0	359	96.87	3.24	$1,163
Nov 2011	3	400	95.72	3.31	$1,612
Oct 2011	1	571	84.98	3.65	$2,168
Sep 2011	11	559	83.62	3.99	$3,148
Aug 2011	3	533	83.40	4.15	$2,462
Jul 2011	26	732	94.14	4.52	$5,754
Jun 2011	24	592	92.90	4.64	$4,976
May 2011	0	200	98.13	4.40	$881
Apr 2011	0	201	105.96	4.33	$871
Mar 2011	0	268	96.36	4.06	$1,087
Feb 2011	0	329	85.64	4.18	$1,375
Jan 2011	0	326	86.50	4.59	$1,496
Dec 2010	0	310	85.73	4.35	$1,348
Nov 2010	0	235	80.84	3.80	$892
Oct 2010	0	352	78.10	3.51	$1,235
Sep 2010	0	274	72.63	3.98	$1,090
Aug 2010	0	280	73.68	4.42	$1,237
Jul 2010	0	321	72.55	4.74	$1,520
Jun 2010	0	281	70.36	4.91	$1,380
May 2010	0	273	71.12	4.24	$1,156
Apr 2010	0	246	81.69	4.12	$1,014
Mar 2010	0	328	78.39	4.39	$1,439
Feb 2010	0	305	73.58	5.44	$1,660
Jan 2010	0	385	74.36	5.96	$2,296
Dec 2009	0	256	71.44	5.48	$1,404
Nov 2009	0	22	74.59	3.75	$83
Oct 2009	0	351	72.54	4.11	$1,443
Sep 2009	0	360	65.54	3.06	$1,103
Aug 2009	0	335	67.42	3.22	$1,078
Jul 2009	0	337	61.13	3.46	$1,168
Jun 2009	0	402	66.16	3.90	$1,566
May 2009	0	395	54.74	3.93	$1,551
Apr 2009	0	483	46.77	3.59	$1,733
Mar 2009	0	606	42.14	4.06	$2,460
Feb 2009	0	386	32.81	4.63	$1,788
Jan 2009	0	519	35.86	5.37	$2,788
Dec 2008	0	505	37.10	5.98	$3,018
Nov 2008	2	422	55.49	6.86	$3,006
Oct 2008	3	374	75.24	6.92	$2,815
Sep 2008	5	328	101.76	7.88	$3,092
Aug 2008	6	411	114.22	8.48	$4,172
Jul 2008	8	385	131.08	11.39	$5,434
Jun 2008	4	270	131.33	13.03	$4,044
May 2008	12	311	123.17	11.57	$5,078
Apr 2008	38	411	110.31	10.45	$8,489
Mar 2008	0	264	101.90	9.66	$2,551
Feb 2008	0	174	92.53	8.77	$1,526
Jan 2008	0	45	90.38	8.21	$369
Dec 2007	0	24	88.33	7.30	$175
Nov 2007	0	351	91.67	7.29	$2,559
Oct 2007	0	415	82.85	6.92	$2,873
Sep 2007	0	380	75.84	6.24	$2,373
Aug 2007	0	513	69.06	6.39	$3,277
Jul 2007	1	537	70.90	6.39	$3,501
Jun 2007	1	497	62.00	7.55	$3,814
May 2007	0	562	58.74	7.85	$4,410
Apr 2007	0	490	59.61	7.81	$3,825
Mar 2007	0	487	56.92	7.30	$3,556
Feb 2007	1	491	55.10	8.22	$4,089
Jan 2007	5	535	50.30	6.73	$3,850
Dec 2006	12	580	56.65	6.92	$4,693
Nov 2006	1	483	54.20	7.62	$3,733
Oct 2006	10	676	54.90	6.01	$4,614
Sep 2006	0	772	60.08	5.04	$3,889
Aug 2006	0	666	68.71	7.34	$4,888
Jul 2006	0	667	69.37	6.34	$4,231
Jun 2006	0	705	66.28	6.38	$4,501
May 2006	0	429	66.01	6.42	$2,756
Apr 2006	0	343	64.39	7.36	$2,525
Mar 2006	0	370	56.70	7.08	$2,621
Feb 2006	0	327	57.59	7.75	$2,535
Jan 2006	0	331	60.59	8.93	$2,957
Dec 2005	0	327	54.94	13.42	$4,387
Nov 2005	0	302	54.69	10.59	$3,198
Oct 2005	0	319	58.34	13.80	$4,401
Sep 2005	0	352	61.45	12.08	$4,252
Aug 2005	3	372	61.51	9.80	$3,829
Jul 2005	30	437	55.69	7.84	$5,098
Jun 2005	35	348	52.33	7.38	$4,400
May 2005	8	541	45.22	6.65	$3,960
Apr 2005	6	708	49.20	7.36	$5,506
Mar 2005	10	642	50.37	7.15	$5,097
Feb 2005	20	700	45.22	6.31	$5,323
Jan 2005	44	1,007	43.16	6.32	$8,266
Dec 2004	9	902	39.86	6.75	$6,448
Nov 2004	43	702	45.28	6.33	$6,391
Oct 2004	49	857	49.70	6.52	$8,019
Sep 2004	42	911	43.24	5.28	$6,630
Aug 2004	70	834	42.37	5.55	$7,595
Jul 2004	58	762	38.28	6.08	$6,856
Jun 2004	72	797	36.10	6.43	$7,726
May 2004	79	916	37.48	6.49	$8,910
Apr 2004	52	979	34.47	5.86	$7,528
Mar 2004	45	1,033	34.36	5.53	$7,259
Feb 2004	29	915	32.45	5.51	$5,982
Jan 2004	49	765	32.03	6.30	$6,389
Dec 2003	48	748	30.26	6.30	$6,166
Nov 2003	15	683	28.80	4.60	$3,570
Oct 2003	24	652	28.17	4.76	$3,779
Sep 2003	14	642	26.31	4.75	$3,417
Aug 2003	32	751	29.76	5.13	$4,805
Jul 2003	24	813	29.41	5.17	$4,910
Jun 2003	23	888	28.56	5.98	$5,970
May 2003	25	974	26.59	5.97	$6,482
Apr 2003	16	988	26.67	5.41	$5,769
Mar 2003	15	982	31.14	6.10	$6,453
Feb 2003	26	824	33.48	7.93	$7,401
Jan 2003	19	817	30.31	5.58	$5,136
Dec 2002	17	827	26.91	4.85	$4,472
Nov 2002	16	994	24.66	4.14	$4,507
Oct 2002	16	860	26.46	4.23	$4,060
Sep 2002	25	769	27.44	3.64	$3,481
Aug 2002	15	861	25.96	3.16	$3,114
Jul 2002	13	876	24.58	3.06	$3,002
Jun 2002	12	871	23.73	3.34	$3,192
May 2002	4	1,181	24.66	3.58	$4,331
Apr 2002	13	1,190	23.65	3.51	$4,487
Mar 2002	32	1,323	22.00	3.10	$4,809
Feb 2002	141	1,144	18.22	2.38	$5,287
Jan 2002	11	1,090	17.17	2.38	$2,778
Dec 2001	22	900	16.93	2.36	$2,500
Nov 2001	2	717	18.07	2.41	$1,761
Oct 2001	11	709	19.78	2.53	$2,011
Sep 2001	41	805	24.26	2.25	$2,807
Aug 2001	81	1,018	24.87	3.05	$5,123
Jul 2001	52	937	23.93	3.20	$4,240
Jun 2001	20	901	24.56	3.82	$3,937
May 2001	66	866	25.52	4.31	$5,414
Apr 2001	34	910	24.68	5.34	$5,694
Mar 2001	15	995	24.54	5.38	$5,718
Feb 2001	11	883	27.75	5.77	$5,398
Jan 2001	11	836	27.47	8.40	$7,324
Dec 2000	11	1,017	26.88	9.12	$9,573
Nov 2000	12	1,121	32.21	5.66	$6,729
Oct 2000	47	1,172	31.23	5.15	$7,498
Sep 2000	325	1,124	31.87	5.19	$16,187
Aug 2000	4	1,114	29.64	4.54	$5,177
Jul 2000	5	1,153	28.53	4.09	$4,858
Jun 2000	8	1,142	29.30	4.40	$5,256
May 2000	6	1,151	27.26	3.68	$4,399
Apr 2000	13	1,102	24.51	3.12	$3,752
Mar 2000	56	1,088	28.42	2.86	$4,703
Feb 2000	10	1,031	27.62	2.73	$3,087
Jan 2000	5	1,113	25.27	2.48	$2,887
Dec 1999	6	1,109	24.28	2.42	$2,834
Nov 1999	4	1,038	23.19	2.43	$2,619
Oct 1999	4	1,109	20.98	2.80	$3,193
Sep 1999	6	1,177	21.75	2.62	$3,213
Aug 1999	7	1,270	19.26	2.88	$3,787
Jul 1999	6	1,290	17.89	2.37	$3,168
Jun 1999	6	1,133	15.94	2.36	$2,772
May 1999	11	1,467	15.79	2.32	$3,579
Apr 1999	9	1,424	15.10	2.21	$3,280
Mar 1999	10	1,494	12.47	1.84	$2,871
Feb 1999	12	1,135	9.98	1.82	$2,183
Jan 1999	10	1,139	10.38	1.90	$2,268
Dec 1998	11	1,065	9.20	1.77	$1,990
Nov 1998	9	863	10.89	2.19	$1,984
Oct 1998	8	879	12.42	1.97	$1,830
Sep 1998	7	892	12.59	2.08	$1,946
Aug 1998	7	780	11.30	1.91	$1,567
Jul 1998	9	1,037	11.74	2.24	$2,426
Jun 1998	6	995	11.24	2.24	$2,294
May 1998	8	1,035	12.62	2.21	$2,385
Apr 1998	9	993	13.04	2.51	$2,605
Mar 1998	14	1,161	12.80	2.31	$2,860
Feb 1998	36	1,027	13.95	2.30	$2,863
Jan 1998	38	1,134	14.70	2.15	$3,002
Dec 1997	9	1,123	16.32	2.41	$2,855
Nov 1997	7	1,155	18.19	3.09	$3,694
Oct 1997	7	1,187	19.25	3.15	$3,874
Sep 1997	5	1,258	17.74	2.95	$3,806
Aug 1997	1	1,440	17.86	2.55	$3,697
Jul 1997	1	1,399	17.58	2.25	$3,161
Jun 1997	4	1,396	17.24	2.26	$3,220
May 1997	5	1,471	18.97	2.31	$3,491
Apr 1997	8	1,570	17.88	2.08	$3,413
Mar 1997	7	1,608	18.95	1.94	$3,251
Feb 1997	10	1,504	20.49	2.21	$3,523
Jan 1997	12	1,654	23.48	3.54	$6,136
Dec 1996	9	1,408	23.32	—	$210
Nov 1996	8	1,341	21.97	—	$176
Oct 1996	11	1,348	23.31	—	$256
Sep 1996	15	1,304	22.22	—	$333
Aug 1996	0	89	20.26	—	$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.

Apr 2012 — as filed, then multipliedworked

Condensate             3 bbl  × $101.65 =       $305
Gas                  186 Mcf  × $  2.00 =       $371

────────────────────────────────────────────────────
Month total                                     $676

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/159911 is the state's own key, not one this site invented.