CLYDE -B-

Operated by CONOCOPHILLIPS COMPANY (P-5 172232) in the GOLDSMITH (GRAYBURG) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 40947District 08Field 35652496Hydrogen sulphide fieldNGPA filingCondensateGasSaveExport
Value, all time
$188 k
Jan 1993 – Jul 2011
Value, last 12 filed months
$0
at the published price for each month
Months reported
223
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 43 leases and 49 wells, and the rule below applies to all of them.

Discovered
1950-05-22
as the register files it
Field class
Oil and gas
the register's own label
Between wells
2,640 ft
minimum
From a lease line
1,320 ft
minimum

A drilling unit in this field needs at least 320 acres.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: GAS RULES

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
CondensateDisposition92 bbl$1,476
GasProduction60,507 Mcf$186,976
Total$188,453

25,044 Mcf of this lease's gas, across 48 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 31.9540, -102.5755. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.95396, -102.57552 · 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
100.0%
1 of 1 wells
Median depth
3,590 ft
1 wells filed one
Completion to plug
45.3 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 3,590 ft.

Completions filed
Mar 1966
1 of 1 wells
Plug dates filed
Jul 2011
1 of 1 wells

Last completion to plug: a median of 45.3 years across the 1 well that filed both dates, with the middle half between 45.3 years and 45.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-135110541603,590 ftMar 1966Jul 2011Yes

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 (223)

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

223 months

Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 200903372.544.11$136
Sep 200901265.543.06$37
Aug 200902467.423.22$77
Jul 200903261.133.46$111
Jun 200904866.163.90$187
May 2009010454.743.93$408
Apr 2009012946.773.59$463
Mar 200906442.144.06$260
Feb 2009021732.814.63$1,005
Jan 2009025235.865.37$1,353
Dec 2008027337.105.98$1,632
Nov 2008018355.496.86$1,255
Oct 20080075.246.92$0
Sep 2008031101.767.88$244
Aug 20080281114.228.48$2,384
Jul 20080281131.0811.39$3,200
Jun 20080202131.3313.03$2,633
May 20080270123.1711.57$3,125
Apr 20080265110.3110.45$2,771
Mar 20080214101.909.66$2,068
Feb 2008026192.538.77$2,289
Jan 2008027990.388.21$2,289
Dec 2007027788.337.30$2,023
Nov 2007026991.677.29$1,961
Oct 2007027882.856.92$1,924
Sep 2007022475.846.24$1,399
Aug 2007028469.066.39$1,814
Jul 20070070.906.39$0
Jun 2007026662.007.55$2,008
May 20070058.747.85$0
Apr 2007025659.617.81$1,998
Mar 2007026156.927.30$1,906
Feb 2007023555.108.22$1,931
Jan 2007025950.306.73$1,742
Dec 2006025456.656.92$1,757
Nov 2006015454.207.62$1,173
Oct 2006025054.906.01$1,503
Sep 2006024360.085.04$1,224
Aug 2006025468.717.34$1,864
Jul 2006025269.376.34$1,598
Jun 2006023166.286.38$1,475
May 200609666.016.42$617
Apr 200606464.397.36$471
Mar 2006022356.707.08$1,579
Feb 2006022357.597.75$1,729
Jan 2006025460.598.93$2,269
Dec 2005025354.9413.42$3,394
Nov 2005026254.6910.59$2,774
Oct 2005027958.3413.80$3,849
Sep 2005027461.4512.08$3,310
Aug 2005028461.519.80$2,782
Jul 2005028655.697.84$2,243
Jun 2005027352.337.38$2,015
May 2005028345.226.65$1,882
Apr 2005027549.207.36$2,024
Mar 2005027450.377.15$1,960
Feb 2005026045.226.31$1,641
Jan 2005028743.166.32$1,814
Dec 2004028939.866.75$1,951
Nov 2004028345.286.33$1,792
Oct 2004028049.706.52$1,824
Sep 2004030443.245.28$1,606
Aug 2004033042.375.55$1,832
Jul 2004033538.286.08$2,038
Jun 2004029736.106.43$1,911
May 2004028337.486.49$1,838
Apr 2004027434.475.86$1,605
Mar 2004027034.365.53$1,493
Feb 2004030432.455.51$1,675
Jan 2004032232.036.30$2,028
Dec 2003032530.266.30$2,048
Nov 2003027328.804.60$1,254
Oct 2003028228.174.76$1,342
Sep 2003026726.314.75$1,268
Aug 2003027629.765.13$1,416
Jul 2003024829.415.17$1,282
Jun 2003014028.565.98$838
May 2003018726.595.97$1,117
Apr 2003025926.675.41$1,400
Mar 2003025131.146.10$1,530
Feb 2003022833.487.93$1,807
Jan 2003020630.315.58$1,150
Dec 2002031626.914.85$1,534
Nov 2002034824.664.14$1,440
Oct 2002036026.464.23$1,522
Sep 2002037327.443.64$1,356
Aug 2002031125.963.16$984
Jul 2002036924.583.06$1,130
Jun 2002027723.733.34$925
May 2002017324.663.58$620
Apr 2002026223.653.51$920
Mar 2002021522.003.10$667
Feb 2002013118.222.38$311
Jan 2002015517.172.38$368
Dec 2001016616.932.36$392
Nov 2001015218.072.41$366
Oct 2001018319.782.53$463
Sep 2001019924.262.25$448
Aug 2001022924.873.05$699
Jul 2001022923.933.20$732
Jun 2001022324.563.82$853
May 2001023425.524.31$1,008
Apr 2001021324.685.34$1,136
Mar 2001024624.545.38$1,323
Feb 2001022527.755.77$1,298
Jan 2001032827.478.40$2,755
Dec 2000033326.889.12$3,038
Nov 2000022932.215.66$1,296
Oct 2000030831.235.15$1,585
Sep 200006031.875.19$311
Aug 200005429.644.54$245
Jul 2000027028.534.09$1,104
Jun 2000010829.304.40$475
May 2000016327.263.68$600
Apr 2000033024.513.12$1,028
Mar 2000034428.422.86$984
Feb 2000032827.622.73$894
Jan 2000034725.272.48$861
Dec 1999033124.282.42$802
Nov 1999023323.192.43$567
Oct 1999030920.982.80$866
Sep 1999029021.752.62$759
Aug 1999030019.262.88$863
Jul 1999032017.892.37$759
Jun 1999031515.942.36$744
May 1999031915.792.32$740
Apr 1999027115.102.21$598
Mar 1999025312.471.84$465
Feb 199901869.981.82$338
Jan 1999011610.381.90$220
Dec 19980409.201.77$71
Nov 199803510.892.19$77
Oct 1998014812.421.97$291
Sep 1998018312.592.08$381
Aug 1998022811.301.91$435
Jul 1998025211.742.24$564
Jun 1998025611.242.24$573
May 1998019512.622.21$430
Apr 1998018913.042.51$474
Mar 1998026212.802.31$605
Feb 1998011413.952.30$262
Jan 1998023314.702.15$502
Dec 1997022916.322.41$552
Nov 1997021818.193.09$673
Oct 1997016719.253.15$526
Sep 199708617.742.95$254
Aug 1997021717.862.55$554
Jul 1997014617.582.25$328
Jun 1997028717.242.26$648
May 1997034318.972.31$792
Apr 1997033417.882.08$696
Mar 1997035418.951.94$686
Feb 1997027120.492.21$598
Jan 1997027723.483.54$981
Dec 1996020423.32$0
Nov 1996034921.97$0
Oct 1996035323.31$0
Sep 1996235322.22$44
Aug 1996036720.26$0
Jul 1996036419.55$0
Jun 1996030418.73$0
May 1996033919.43$0
Apr 1996536921.51$108
Mar 1996036519.38$0
Feb 1996021716.98$0
Jan 1996056917.07$0
Dec 19951194817.19$189
Nov 1995059016.00$0
Oct 1995032415.43$0
Sep 1995038916.18$0
Aug 19951439315.92$223
Jul 1995036415.24$0
Jun 1995758116.41$115
May 1995048817.56$0
Apr 1995069517.73$0
Mar 1995657916.44$99
Feb 1995046916.58$0
Jan 1995084915.92$0
Dec 199421,42515.03$30
Nov 1994083815.90$0
Oct 199411,46215.58$16
Sep 1994072615.29$0
Aug 1994267016.13$32
Jul 1994091017.56$0
Jun 1994392817.09$51
May 1994042715.88$0
Apr 1994074914.14$0
Mar 19941585212.46$187
Feb 1994055512.50$0
Jan 1994034212.66$0
Dec 1993560512.33$62
Nov 1993032214.49$0
Oct 1993219215.85$32
Sep 1993414715.03$60
Aug 1993050315.66$0
Jul 1993046615.46$0
Jun 1993430616.79$67
May 1993016117.68$0
Apr 1993037318.05$0
Mar 1993437618.14$73
Feb 1993536517.90$90
Jan 1993052216.93$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.

Oct 2009 — as filed, then multipliedworked
Condensate             0 bbl  × $ 72.54 =         $0
Gas                   33 Mcf  × $  4.11 =       $136

────────────────────────────────────────────────────
Month total                                     $136

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/40947 is the state's own key, not one this site invented.