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 160609District 08Field 20101500CondensateGasSaveExport
Value, all time
$642 k
Jul 1996 – Sep 2010
Value, last 12 filed months
$32 k
at the published price for each month
Months reported
171
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
CondensateDisposition1,255 bbl$49,272
GasProduction120,537 Mcf$592,609
Total$641,881

4,625 Mcf of this lease's gas, across 6 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 31.6764, -101.2250. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.67643, -101.22503 · 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
8,400 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 8,400 ft.

Completions filed
Sep 2010
1 of 1 wells

1 well

42-43130993118,400 ftSep 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 (171)

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

171 months

Sep 201015072.633.98$1,089
Aug 20101236173.684.42$2,480
Jul 2010847772.554.74$2,840
Jun 2010357770.364.91$3,044
May 2010462771.124.24$2,940
Apr 2010762081.694.12$3,128
Mar 2010445978.394.39$2,328
Feb 2010842373.585.44$2,891
Jan 2010946674.365.96$3,449
Dec 2009653571.445.48$3,362
Nov 2009150774.593.75$1,977
Oct 2009149172.544.11$2,091
Sep 2009248365.543.06$1,611
Aug 2009451967.423.22$1,940
Jul 2009348661.133.46$1,867
Jun 2009350666.163.90$2,169
May 2009354254.743.93$2,292
Apr 2009252346.773.59$1,970
Mar 2009549642.144.06$2,224
Feb 2009541632.814.63$2,091
Jan 20091459435.865.37$3,692
Dec 20083587937.105.98$6,552
Nov 2008546955.496.86$3,495
Oct 2008252675.246.92$3,791
Sep 20084398101.767.88$3,542
Aug 20082374114.228.48$3,401
Jul 20088413131.0811.39$5,752
Jun 20082471131.3313.03$6,401
May 20083580123.1711.57$7,083
Apr 20082602110.3110.45$6,514
Mar 20085621101.909.66$6,511
Feb 2008563392.538.77$6,014
Jan 2008660390.388.21$5,490
Dec 2007663088.337.30$5,130
Nov 2007453591.677.29$4,268
Oct 20071155882.856.92$4,774
Sep 20071569575.846.24$5,477
Aug 2007667969.066.39$4,752
Jul 2007669370.906.39$4,852
Jun 20071463862.007.55$5,684
May 2007967358.747.85$5,809
Apr 2007963759.617.81$5,508
Mar 2007880456.927.30$6,326
Feb 2007763055.108.22$5,562
Jan 2007770150.306.73$5,068
Dec 2006970256.656.92$5,367
Nov 20061172354.207.62$6,104
Oct 2006475454.906.01$4,754
Sep 2006973160.085.04$4,223
Aug 2006773868.717.34$5,898
Jul 2006494469.376.34$6,265
Jun 2006983566.286.38$5,927
May 2006579566.016.42$5,438
Apr 2006775564.397.36$6,008
Mar 2006676256.707.08$5,737
Feb 2006672757.597.75$5,981
Jan 20061077960.598.93$7,565
Dec 20055854.9413.42$382
Nov 2005771554.6910.59$7,954
Oct 2005566558.3413.80$9,466
Sep 2005658761.4512.08$7,459
Aug 2005665061.519.80$6,737
Jul 2005673555.697.84$6,099
Jun 2005683352.337.38$6,462
May 2005493645.226.65$6,406
Apr 200551,02549.207.36$7,790
Mar 200552,00250.377.15$14,576
Feb 2005585345.226.31$5,610
Jan 2005697943.166.32$6,448
Dec 2004690139.866.75$6,322
Nov 2004576045.286.33$5,038
Oct 2004687849.706.52$6,018
Sep 2004582443.245.28$4,570
Aug 2004580442.375.55$4,675
Jul 2004584838.286.08$5,351
Jun 2004698136.106.43$6,527
May 200461,20337.486.49$8,038
Apr 200451,01534.475.86$6,119
Mar 200461,07434.365.53$6,146
Feb 2004391232.455.51$5,122
Jan 2004380232.036.30$5,148
Dec 2003383930.266.30$5,378
Nov 2003385528.804.60$4,015
Oct 2003380128.174.76$3,897
Sep 2003484926.314.75$4,137
Aug 200361,09729.765.13$5,806
Jul 200361,09729.415.17$5,849
Jun 2003485128.565.98$5,206
May 2003683226.595.97$5,129
Apr 2003693626.675.41$5,221
Mar 200361,09331.146.10$6,850
Feb 2003779033.487.93$6,496
Jan 200381,20130.315.58$6,947
Dec 200291,15326.914.85$5,839
Nov 200291,11824.664.14$4,847
Oct 200291,13026.464.23$5,017
Sep 200291,15127.443.64$4,431
Aug 2002101,27025.963.16$4,278
Jul 2002111,23224.583.06$4,042
Jun 200291,12423.733.34$3,966
May 2002111,21124.663.58$4,611
Apr 2002101,27323.653.51$4,708
Mar 2002111,22622.003.10$4,046
Feb 2002111,22118.222.38$3,101
Jan 2002121,07217.172.38$2,753
Dec 20011289416.932.36$2,317
Nov 20011291918.072.41$2,428
Oct 20011389519.782.53$2,520
Sep 20011792724.262.25$2,499
Aug 20012087124.873.05$3,157
Jul 20012080723.933.20$3,059
Jun 20017073524.563.82$4,530
May 20016363725.524.31$4,352
Apr 200114151824.685.34$6,244
Mar 20011347024.545.38$2,846
Feb 20013544227.755.77$3,520
Jan 2001057827.478.40$4,854
Dec 2000043126.889.12$3,932
Nov 20002550132.215.66$3,640
Oct 2000057531.235.15$2,959
Sep 2000052731.875.19$2,733
Aug 2000055929.644.54$2,538
Jul 2000068628.534.09$2,806
Jun 20001257129.304.40$2,862
May 2000054127.263.68$1,991
Apr 2000038524.513.12$1,200
Mar 2000041428.422.86$1,184
Feb 2000042727.622.73$1,164
Jan 2000040525.272.48$1,005
Dec 1999043824.282.42$1,062
Nov 1999042023.192.43$1,022
Oct 1999053820.982.80$1,508
Sep 1999050921.752.62$1,333
Aug 1999056219.262.88$1,616
Jul 1999063817.892.37$1,514
Jun 1999063815.942.36$1,507
May 1999158415.792.32$1,371
Apr 1999452415.102.21$1,217
Mar 1999257112.471.84$1,075
Feb 199903859.981.82$700
Jan 1999338910.381.90$770
Dec 199803729.201.77$660
Nov 1998039910.892.19$872
Oct 1998541312.421.97$875
Sep 1998036412.592.08$758
Aug 1998032211.301.91$614
Jul 1998032911.742.24$736
Jun 1998033111.242.24$741
May 1998944212.622.21$1,089
Apr 199804,45313.042.51$11,156
Mar 1998050212.802.31$1,159
Feb 19981436513.952.30$1,034
Jan 1998043214.702.15$931
Dec 19971443916.322.41$1,287
Nov 1997048618.193.09$1,501
Oct 1997039219.253.15$1,235
Sep 19971235817.742.95$1,271
Aug 1997038117.862.55$973
Jul 1997036217.582.25$813
Jun 19971055517.242.26$1,425
May 1997062718.972.31$1,447
Apr 19971162817.882.08$1,505
Mar 19971157318.951.94$1,320
Feb 1997058320.492.21$1,286
Jan 1997068623.483.54$2,428
Dec 1996072523.32$0
Nov 1996969921.97$198
Oct 1996074123.31$0
Sep 1996025422.22$0
Aug 1996082120.26$0
Jul 199601,38519.55$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.

Sep 2010 — as filed, then multipliedworked
Condensate            15 bbl  × $ 72.63 =     $1,089
Gas                    0 Mcf  × $  3.98 =         $0

────────────────────────────────────────────────────
Month total                                   $1,089

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/160609 is the state's own key, not one this site invented.