LOVETT, H. E.

Name: LOVETT, H. E. lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by DEVON ENERGY PRODUCTION CO, L.P. (P-5 216378) in the KERMIT (MCKEE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 83297District 08Field 49038426CondensateGasSave Export

Value, all time

$3.6 M

Jan 1993 – Jun 2008

Value, last 12 filed months

$273 k

at the published price for each month

Months reported

186

no gaps in the span

Streams

condensate, gas

The KERMIT (MCKEE) 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 74 wells, and the rule below applies to all of them.

Discovered

1960-02-11

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: “AOF-1 AND AOF-2 EFFECTIVE 12/01/96.”

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	14,437 bbl	$276,057
Gas	Production	995,758 Mcf	$3,317,946
Total			$3,594,003

307,029 Mcf of this lease's gas, across 45 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 31.8937, -103.0928. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.89371, -103.09283 · 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

10,645 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

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 10,645 ft.

Plug dates filed

Apr 2008

1 of 1 wells

1 well


42-49506202	1	10,645 ft	—	Apr 2008	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 (186)

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

186 months


Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	5	0	110.31	10.45	$552
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	19	4,034	92.53	8.77	$37,139
Jan 2008	5	5,141	90.38	8.21	$42,638
Dec 2007	9	4,775	88.33	7.30	$35,662
Nov 2007	10	4,804	91.67	7.29	$35,946
Oct 2007	16	4,885	82.85	6.92	$35,139
Sep 2007	8	4,760	75.84	6.24	$30,329
Aug 2007	5	4,037	69.06	6.39	$26,133
Jul 2007	4	4,572	70.90	6.39	$29,489
Jun 2007	6	4,391	62.00	7.55	$33,517
May 2007	18	4,831	58.74	7.85	$38,963
Apr 2007	14	4,605	59.61	7.81	$36,777
Mar 2007	6	4,806	56.92	7.30	$35,435
Feb 2007	11	4,377	55.10	8.22	$36,568
Jan 2007	7	4,607	50.30	6.73	$31,343
Dec 2006	15	4,729	56.65	6.92	$33,567
Nov 2006	5	4,799	54.20	7.62	$36,827
Oct 2006	6	4,651	54.90	6.01	$28,300
Sep 2006	7	4,722	60.08	5.04	$24,206
Aug 2006	7	4,814	68.71	7.34	$35,815
Jul 2006	10	4,895	69.37	6.34	$31,742
Jun 2006	5	4,824	66.28	6.38	$31,127
May 2006	14	4,940	66.01	6.42	$32,664
Apr 2006	15	4,909	64.39	7.36	$37,098
Mar 2006	16	5,076	56.70	7.08	$36,860
Feb 2006	10	4,602	57.59	7.75	$36,247
Jan 2006	29	5,322	60.59	8.93	$49,300
Dec 2005	14	5,239	54.94	13.42	$71,052
Nov 2005	10	5,454	54.69	10.59	$58,296
Oct 2005	14	5,228	58.34	13.80	$72,941
Sep 2005	10	5,304	61.45	12.08	$64,682
Aug 2005	15	5,473	61.51	9.80	$54,541
Jul 2005	1	5,697	55.69	7.84	$44,741
Jun 2005	0	4,362	52.33	7.38	$32,196
May 2005	0	5,631	45.22	6.65	$37,453
Apr 2005	13	5,224	49.20	7.36	$39,091
Mar 2005	25	5,424	50.37	7.15	$40,067
Feb 2005	35	5,107	45.22	6.31	$33,818
Jan 2005	28	6,988	43.16	6.32	$45,388
Dec 2004	31	7,222	39.86	6.75	$49,992
Nov 2004	41	5,264	45.28	6.33	$35,180
Oct 2004	44	5,652	49.70	6.52	$39,010
Sep 2004	44	5,706	43.24	5.28	$32,052
Aug 2004	62	5,916	42.37	5.55	$35,465
Jul 2004	73	5,897	38.28	6.08	$38,673
Jun 2004	39	5,541	36.10	6.43	$37,053
May 2004	58	5,390	37.48	6.49	$37,180
Apr 2004	11	4,914	34.47	5.86	$29,168
Mar 2004	0	5,536	34.36	5.53	$30,615
Feb 2004	43	5,732	32.45	5.51	$32,976
Jan 2004	27	5,947	32.03	6.30	$38,329
Dec 2003	1	4,657	30.26	6.30	$29,377
Nov 2003	0	6,707	28.80	4.60	$30,820
Oct 2003	0	6,441	28.17	4.76	$30,657
Sep 2003	0	4,912	26.31	4.75	$23,329
Aug 2003	0	4,926	29.76	5.13	$25,269
Jul 2003	2	3,633	29.41	5.17	$18,844
Jun 2003	23	3,773	28.56	5.98	$23,231
May 2003	74	4,189	26.59	5.97	$26,987
Apr 2003	69	4,116	26.67	5.41	$24,097
Mar 2003	36	4,241	31.14	6.10	$26,974
Feb 2003	72	3,957	33.48	7.93	$33,773
Jan 2003	52	4,130	30.31	5.58	$24,630
Dec 2002	93	4,314	26.91	4.85	$23,442
Nov 2002	99	4,638	24.66	4.14	$21,629
Oct 2002	39	5,302	26.46	4.23	$23,455
Sep 2002	50	3,468	27.44	3.64	$13,979
Aug 2002	11	3,868	25.96	3.16	$12,525
Jul 2002	9	4,008	24.58	3.06	$12,493
Jun 2002	10	3,667	23.73	3.34	$12,479
May 2002	22	4,426	24.66	3.58	$16,405
Apr 2002	12	4,208	23.65	3.51	$15,064
Mar 2002	27	4,796	22.00	3.10	$15,475
Feb 2002	17	4,216	18.22	2.38	$10,326
Jan 2002	27	4,700	17.17	2.38	$11,629
Dec 2001	8	4,880	16.93	2.36	$11,674
Nov 2001	0	4,797	18.07	2.41	$11,539
Oct 2001	17	4,326	19.78	2.53	$11,276
Sep 2001	28	4,203	24.26	2.25	$10,142
Aug 2001	17	4,260	24.87	3.05	$13,429
Jul 2001	10	4,491	23.93	3.20	$14,597
Jun 2001	17	4,826	24.56	3.82	$18,873
May 2001	14	4,013	25.52	4.31	$17,643
Apr 2001	17	4,447	24.68	5.34	$24,146
Mar 2001	9	5,233	24.54	5.38	$28,356
Feb 2001	3	4,449	27.75	5.77	$25,741
Jan 2001	16	4,172	27.47	8.40	$35,479
Dec 2000	15	4,273	26.88	9.12	$39,384
Nov 2000	4	1	32.21	5.66	$135
Oct 2000	13	4,402	31.23	5.15	$23,056
Sep 2000	11	4,723	31.87	5.19	$24,846
Aug 2000	22	5,217	29.64	4.54	$24,341
Jul 2000	18	5,619	28.53	4.09	$23,494
Jun 2000	42	4,593	29.30	4.40	$21,427
May 2000	55	3,682	27.26	3.68	$15,048
Apr 2000	49	3,493	24.51	3.12	$12,085
Mar 2000	37	5,648	28.42	2.86	$17,203
Feb 2000	53	5,078	27.62	2.73	$15,309
Jan 2000	54	5,533	25.27	2.48	$15,089
Dec 1999	127	5,957	24.28	2.42	$17,522
Nov 1999	79	4,299	23.19	2.43	$12,296
Oct 1999	80	2,898	20.98	2.80	$9,804
Sep 1999	83	1,577	21.75	2.62	$5,935
Aug 1999	68	833	19.26	2.88	$3,705
Jul 1999	145	0	17.89	2.37	$2,594
Jun 1999	71	932	15.94	2.36	$3,333
May 1999	152	5,078	15.79	2.32	$14,186
Apr 1999	194	6,243	15.10	2.21	$16,714
Mar 1999	175	6,771	12.47	1.84	$14,630
Feb 1999	139	6,228	9.98	1.82	$12,708
Jan 1999	117	6,439	10.38	1.90	$13,448
Dec 1998	199	7,412	9.20	1.77	$14,975
Nov 1998	180	7,050	10.89	2.19	$17,370
Oct 1998	160	7,613	12.42	1.97	$16,979
Sep 1998	135	6,966	12.59	2.08	$16,207
Aug 1998	101	7,092	11.30	1.91	$14,668
Jul 1998	63	7,092	11.74	2.24	$16,606
Jun 1998	138	6,828	11.24	2.24	$16,827
May 1998	74	6,867	12.62	2.21	$16,085
Apr 1998	31	6,265	13.04	2.51	$16,100
Mar 1998	57	6,726	12.80	2.31	$16,263
Feb 1998	58	7,222	13.95	2.30	$17,413
Jan 1998	124	8,896	14.70	2.15	$20,992
Dec 1997	98	9,069	16.32	2.41	$23,466
Nov 1997	47	8,711	18.19	3.09	$27,757
Oct 1997	100	8,820	19.25	3.15	$29,706
Sep 1997	105	8,393	17.74	2.95	$26,663
Aug 1997	54	6,047	17.86	2.55	$16,413
Jul 1997	138	7,039	17.58	2.25	$18,242
Jun 1997	98	6,581	17.24	2.26	$16,544
May 1997	130	7,279	18.97	2.31	$19,270
Apr 1997	71	6,991	17.88	2.08	$15,830
Mar 1997	82	5,554	18.95	1.94	$12,324
Feb 1997	114	5,582	20.49	2.21	$14,649
Jan 1997	131	4,971	23.48	3.54	$20,672
Dec 1996	107	6,222	23.32	—	$2,495
Nov 1996	81	6,200	21.97	—	$1,780
Oct 1996	118	6,332	23.31	—	$2,751
Sep 1996	126	6,719	22.22	—	$2,800
Aug 1996	85	6,077	20.26	—	$1,722
Jul 1996	107	7,161	19.55	—	$2,092
Jun 1996	83	6,455	18.73	—	$1,555
May 1996	105	6,363	19.43	—	$2,040
Apr 1996	187	6,625	21.51	—	$4,022
Mar 1996	124	6,928	19.38	—	$2,403
Feb 1996	145	7,202	16.98	—	$2,462
Jan 1996	118	7,575	17.07	—	$2,014
Dec 1995	148	7,273	17.19	—	$2,544
Nov 1995	111	7,081	16.00	—	$1,776
Oct 1995	157	7,619	15.43	—	$2,423
Sep 1995	131	7,930	16.18	—	$2,120
Aug 1995	184	7,785	15.92	—	$2,929
Jul 1995	210	6,590	15.24	—	$3,200
Jun 1995	213	7,613	16.41	—	$3,495
May 1995	172	6,475	17.56	—	$3,020
Apr 1995	178	6,087	17.73	—	$3,156
Mar 1995	204	5,777	16.44	—	$3,354
Feb 1995	192	6,144	16.58	—	$3,183
Jan 1995	136	7,021	15.92	—	$2,165
Dec 1994	143	7,049	15.03	—	$2,149
Nov 1994	188	8,184	15.90	—	$2,989
Oct 1994	209	10,182	15.58	—	$3,256
Sep 1994	166	8,222	15.29	—	$2,538
Aug 1994	252	8,975	16.13	—	$4,065
Jul 1994	290	8,393	17.56	—	$5,092
Jun 1994	158	9,301	17.09	—	$2,700
May 1994	147	7,778	15.88	—	$2,334
Apr 1994	259	7,739	14.14	—	$3,662
Mar 1994	691	13,195	12.46	—	$8,610
Feb 1994	577	5,604	12.50	—	$7,213
Jan 1994	180	6,312	12.66	—	$2,279
Dec 1993	122	280	12.33	—	$1,504
Nov 1993	516	4,744	14.49	—	$7,477
Oct 1993	280	10,486	15.85	—	$4,438
Sep 1993	18	930	15.03	—	$271
Aug 1993	0	0	15.66	—	$0
Jul 1993	0	0	15.46	—	$0
Jun 1993	3	0	16.79	—	$50
May 1993	148	948	17.68	—	$2,617
Apr 1993	94	5,866	18.05	—	$1,697
Mar 1993	129	7,032	18.14	—	$2,340
Feb 1993	152	6,185	17.90	—	$2,721
Jan 1993	181	6,370	16.93	—	$3,064

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 2008 — as filed, then multipliedworked

Condensate             5 bbl  × $110.31 =       $552
Gas                    0 Mcf  × $ 10.45 =         $0

────────────────────────────────────────────────────
Month total                                     $552

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/83297 is the state's own key, not one this site invented.