EDWARDS, W. P.

Name: EDWARDS, W. P. lease production and value, Dec 1998 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by CITATION OIL & GAS CORP. (P-5 154235) in the WADDELL (GRAYBURG) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 172118District 08Field 94482375CondensateGasSave Export

Value, all time

$131 k

Dec 1998 – Apr 2003

Value, last 12 filed months

$19 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The WADDELL (GRAYBURG) 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 61 leases and 75 wells, and the rule below applies to all of them.

Discovered

1928-04-10

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1986-02-01.

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA ADMIN.SUSPENDED EFFECTIVE 1-1-93.”

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	1,579 bbl	$36,465
Gas	Production	30,511 Mcf	$95,007
Total			$131,472

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 31.6325, -102.4995. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.63254, -102.49951 · 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

3,550 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 3,550 ft.

Completions filed

Mar 2003

1 of 1 wells

1 well


42-10303693	9	3,550 ft	Mar 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 (53)

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

53 months


Apr 2003	0	0	26.67	5.41	$0
Mar 2003	6	0	31.14	6.10	$187
Feb 2003	28	171	33.48	7.93	$2,293
Jan 2003	32	224	30.31	5.58	$2,220
Dec 2002	32	240	26.91	4.85	$2,026
Nov 2002	34	246	24.66	4.14	$1,856
Oct 2002	31	272	26.46	4.23	$1,971
Sep 2002	36	300	27.44	3.64	$2,078
Aug 2002	29	262	25.96	3.16	$1,582
Jul 2002	30	256	24.58	3.06	$1,521
Jun 2002	29	261	23.73	3.34	$1,559
May 2002	30	296	24.66	3.58	$1,801
Apr 2002	31	265	23.65	3.51	$1,664
Mar 2002	32	273	22.00	3.10	$1,551
Feb 2002	27	245	18.22	2.38	$1,074
Jan 2002	29	276	17.17	2.38	$1,154
Dec 2001	31	277	16.93	2.36	$1,180
Nov 2001	27	264	18.07	2.41	$1,123
Oct 2001	30	297	19.78	2.53	$1,344
Sep 2001	32	295	24.26	2.25	$1,440
Aug 2001	29	315	24.87	3.05	$1,683
Jul 2001	31	301	23.93	3.20	$1,704
Jun 2001	26	310	24.56	3.82	$1,824
May 2001	29	310	25.52	4.31	$2,075
Apr 2001	29	238	24.68	5.34	$1,986
Mar 2001	30	301	24.54	5.38	$2,355
Feb 2001	27	298	27.75	5.77	$2,468
Jan 2001	31	391	27.47	8.40	$4,135
Dec 2000	27	488	26.88	9.12	$5,178
Nov 2000	30	503	32.21	5.66	$3,812
Oct 2000	31	588	31.23	5.15	$3,994
Sep 2000	30	590	31.87	5.19	$4,016
Aug 2000	30	612	29.64	4.54	$3,668
Jul 2000	29	560	28.53	4.09	$3,118
Jun 2000	29	594	29.30	4.40	$3,462
May 2000	30	556	27.26	3.68	$2,864
Apr 2000	29	708	24.51	3.12	$2,917
Mar 2000	31	834	28.42	2.86	$3,266
Feb 2000	30	795	27.62	2.73	$2,996
Jan 2000	28	951	25.27	2.48	$3,067
Dec 1999	31	900	24.28	2.42	$2,934
Nov 1999	33	797	23.19	2.43	$2,705
Oct 1999	32	798	20.98	2.80	$2,909
Sep 1999	33	725	21.75	2.62	$2,616
Aug 1999	28	934	19.26	2.88	$3,225
Jul 1999	32	1,179	17.89	2.37	$3,370
Jun 1999	32	1,180	15.94	2.36	$3,297
May 1999	31	1,221	15.79	2.32	$3,323
Apr 1999	32	1,203	15.10	2.21	$3,139
Mar 1999	32	1,315	12.47	1.84	$2,816
Feb 1999	34	1,284	9.98	1.82	$2,673
Jan 1999	61	2,095	10.38	1.90	$4,614
Dec 1998	26	1,917	9.20	1.77	$3,639

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.

Mar 2003 — as filed, then multipliedworked

Condensate             6 bbl  × $ 31.14 =       $187
Gas                    0 Mcf  × $  6.10 =         $0

────────────────────────────────────────────────────
Month total                                     $187

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/172118 is the state's own key, not one this site invented.