I.R.T. STATE

Name: I.R.T. STATE lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by OLSEN ENERGY INC. (P-5 621750) in the S.E.G. (WICHITA-ALBANY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 96876District 08Field 79227500NGPA filingCondensateGasSave Export

Value, all time

$540 k

Jan 1993 – Jul 2017

Value, last 12 filed months

at the published price for each month

Months reported

295

no gaps in the span

Streams

condensate, gas

The S.E.G. (WICHITA-ALBANY) 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 20 leases and 20 wells, and the rule below applies to all of them.

Discovered

1979-07-05

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: “ALLOCATION FORMULA SUSPENDED 4/1/95 PER COMPLETED AOF SURVEY”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	42 bbl	$1,880
Gas	Production	182,231 Mcf	$538,351
Total			$540,231

62,698 Mcf of this lease's gas, across 46 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 31.1661, -102.7255. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.16612, -102.72550 · 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

5,000 ft

1 wells filed one

Completion to plug

35.9 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 5,000 ft.

Completions filed

Aug 1981

1 of 1 wells

Plug dates filed

Jul 2017

1 of 1 wells

Last completion to plug: a median of 35.9 years across the 1 well that filed both dates, with the middle half between 35.9 years and 35.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-37133466	1	5,000 ft	Aug 1981	Jul 2017	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 (295)

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

295 months


Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	9	96.56	4.18	$38
Jun 2014	0	1	98.16	4.74	$5
May 2014	0	1	94.73	4.73	$5
Apr 2014	0	1	95.94	4.81	$5
Mar 2014	0	2	95.89	5.06	$10
Feb 2014	0	1	97.40	6.19	$6
Jan 2014	0	1	90.40	4.86	$5
Dec 2013	0	1	91.82	4.35	$4
Nov 2013	0	1	88.85	3.74	$4
Oct 2013	0	1	97.42	3.78	$4
Sep 2013	0	1	104.11	3.72	$4
Aug 2013	0	1	104.25	3.52	$4
Jul 2013	0	1	102.52	3.72	$4
Jun 2013	0	1	94.40	3.93	$4
May 2013	0	19	94.83	4.15	$79
Apr 2013	0	123	93.96	4.28	$527
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	16	91.23	3.42	$55
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	25	86.77	3.42	$86
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	87	91.61	2.49	$216
Apr 2012	0	148	101.65	2.00	$296
Mar 2012	0	104	105.05	2.22	$231
Feb 2012	0	59	101.10	2.57	$152
Jan 2012	0	8	98.09	2.73	$22
Dec 2011	0	142	96.87	3.24	$460
Nov 2011	0	54	95.72	3.31	$179
Oct 2011	0	163	84.98	3.65	$595
Sep 2011	0	412	83.62	3.99	$1,642
Aug 2011	0	410	83.40	4.15	$1,701
Jul 2011	0	279	94.14	4.52	$1,260
Jun 2011	0	266	92.90	4.64	$1,234
May 2011	0	436	98.13	4.40	$1,921
Apr 2011	0	511	105.96	4.33	$2,214
Mar 2011	0	597	96.36	4.06	$2,422
Feb 2011	0	406	85.64	4.18	$1,697
Jan 2011	0	446	86.50	4.59	$2,047
Dec 2010	0	381	85.73	4.35	$1,656
Nov 2010	0	461	80.84	3.80	$1,750
Oct 2010	0	402	78.10	3.51	$1,411
Sep 2010	0	353	72.63	3.98	$1,405
Aug 2010	0	336	73.68	4.42	$1,485
Jul 2010	0	470	72.55	4.74	$2,226
Jun 2010	0	509	70.36	4.91	$2,499
May 2010	0	518	71.12	4.24	$2,194
Apr 2010	0	606	81.69	4.12	$2,498
Mar 2010	0	529	78.39	4.39	$2,322
Feb 2010	0	615	73.58	5.44	$3,347
Jan 2010	0	577	74.36	5.96	$3,441
Dec 2009	0	554	71.44	5.48	$3,038
Nov 2009	0	613	74.59	3.75	$2,300
Oct 2009	0	682	72.54	4.11	$2,803
Sep 2009	0	715	65.54	3.06	$2,191
Aug 2009	0	262	67.42	3.22	$843
Jul 2009	0	464	61.13	3.46	$1,608
Jun 2009	0	549	66.16	3.90	$2,138
May 2009	0	493	54.74	3.93	$1,935
Apr 2009	0	591	46.77	3.59	$2,120
Mar 2009	6	462	42.14	4.06	$2,128
Feb 2009	0	371	32.81	4.63	$1,719
Jan 2009	1	459	35.86	5.37	$2,501
Dec 2008	0	423	37.10	5.98	$2,528
Nov 2008	0	210	55.49	6.86	$1,441
Oct 2008	0	256	75.24	6.92	$1,772
Sep 2008	1	107	101.76	7.88	$945
Aug 2008	1	239	114.22	8.48	$2,142
Jul 2008	0	441	131.08	11.39	$5,023
Jun 2008	0	231	131.33	13.03	$3,011
May 2008	0	219	123.17	11.57	$2,535
Apr 2008	0	111	110.31	10.45	$1,160
Mar 2008	0	317	101.90	9.66	$3,064
Feb 2008	0	508	92.53	8.77	$4,455
Jan 2008	0	593	90.38	8.21	$4,866
Dec 2007	0	533	88.33	7.30	$3,892
Nov 2007	0	181	91.67	7.29	$1,320
Oct 2007	0	578	82.85	6.92	$4,001
Sep 2007	1	668	75.84	6.24	$4,247
Aug 2007	1	576	69.06	6.39	$3,749
Jul 2007	1	257	70.90	6.39	$1,713
Jun 2007	2	456	62.00	7.55	$3,566
May 2007	2	168	58.74	7.85	$1,436
Apr 2007	2	483	59.61	7.81	$3,889
Mar 2007	3	660	56.92	7.30	$4,990
Feb 2007	3	357	55.10	8.22	$3,098
Jan 2007	0	340	50.30	6.73	$2,287
Dec 2006	0	576	56.65	6.92	$3,985
Nov 2006	0	633	54.20	7.62	$4,822
Oct 2006	0	677	54.90	6.01	$4,071
Sep 2006	0	580	60.08	5.04	$2,922
Aug 2006	0	628	68.71	7.34	$4,609
Jul 2006	0	581	69.37	6.34	$3,685
Jun 2006	0	434	66.28	6.38	$2,771
May 2006	0	483	66.01	6.42	$3,103
Apr 2006	0	561	64.39	7.36	$4,129
Mar 2006	0	510	56.70	7.08	$3,612
Feb 2006	0	432	57.59	7.75	$3,348
Jan 2006	0	662	60.59	8.93	$5,914
Dec 2005	0	655	54.94	13.42	$8,787
Nov 2005	0	580	54.69	10.59	$6,141
Oct 2005	0	532	58.34	13.80	$7,339
Sep 2005	0	550	61.45	12.08	$6,643
Aug 2005	0	587	61.51	9.80	$5,751
Jul 2005	0	618	55.69	7.84	$4,847
Jun 2005	0	735	52.33	7.38	$5,425
May 2005	0	633	45.22	6.65	$4,210
Apr 2005	0	580	49.20	7.36	$4,269
Mar 2005	0	621	50.37	7.15	$4,443
Feb 2005	0	613	45.22	6.31	$3,869
Jan 2005	0	588	43.16	6.32	$3,717
Dec 2004	0	576	39.86	6.75	$3,889
Nov 2004	0	639	45.28	6.33	$4,045
Oct 2004	0	710	49.70	6.52	$4,626
Sep 2004	0	643	43.24	5.28	$3,398
Aug 2004	0	609	42.37	5.55	$3,380
Jul 2004	0	640	38.28	6.08	$3,894
Jun 2004	0	595	36.10	6.43	$3,828
May 2004	0	666	37.48	6.49	$4,325
Apr 2004	0	599	34.47	5.86	$3,509
Mar 2004	0	618	34.36	5.53	$3,418
Feb 2004	0	622	32.45	5.51	$3,427
Jan 2004	0	594	32.03	6.30	$3,742
Dec 2003	0	609	30.26	6.30	$3,838
Nov 2003	0	628	28.80	4.60	$2,886
Oct 2003	0	782	28.17	4.76	$3,722
Sep 2003	17	805	26.31	4.75	$4,271
Aug 2003	0	691	29.76	5.13	$3,545
Jul 2003	0	656	29.41	5.17	$3,392
Jun 2003	0	747	28.56	5.98	$4,469
May 2003	0	719	26.59	5.97	$4,294
Apr 2003	0	694	26.67	5.41	$3,753
Mar 2003	0	730	31.14	6.10	$4,450
Feb 2003	0	634	33.48	7.93	$5,025
Jan 2003	0	695	30.31	5.58	$3,880
Dec 2002	0	715	26.91	4.85	$3,470
Nov 2002	0	745	24.66	4.14	$3,082
Oct 2002	0	811	26.46	4.23	$3,430
Sep 2002	0	780	27.44	3.64	$2,835
Aug 2002	0	766	25.96	3.16	$2,424
Jul 2002	0	672	24.58	3.06	$2,058
Jun 2002	0	549	23.73	3.34	$1,833
May 2002	0	596	24.66	3.58	$2,136
Apr 2002	0	629	23.65	3.51	$2,209
Mar 2002	0	637	22.00	3.10	$1,976
Feb 2002	0	469	18.22	2.38	$1,114
Jan 2002	0	477	17.17	2.38	$1,133
Dec 2001	0	605	16.93	2.36	$1,430
Nov 2001	0	595	18.07	2.41	$1,431
Oct 2001	0	767	19.78	2.53	$1,940
Sep 2001	0	766	24.26	2.25	$1,725
Aug 2001	0	694	24.87	3.05	$2,119
Jul 2001	0	545	23.93	3.20	$1,742
Jun 2001	0	638	24.56	3.82	$2,440
May 2001	0	718	25.52	4.31	$3,093
Apr 2001	0	789	24.68	5.34	$4,210
Mar 2001	0	740	24.54	5.38	$3,979
Feb 2001	0	717	27.75	5.77	$4,135
Jan 2001	0	842	27.47	8.40	$7,072
Dec 2000	0	831	26.88	9.12	$7,581
Nov 2000	0	781	32.21	5.66	$4,419
Oct 2000	0	817	31.23	5.15	$4,204
Sep 2000	0	837	31.87	5.19	$4,341
Aug 2000	0	539	29.64	4.54	$2,447
Jul 2000	0	784	28.53	4.09	$3,206
Jun 2000	0	884	29.30	4.40	$3,887
May 2000	0	947	27.26	3.68	$3,485
Apr 2000	0	1,090	24.51	3.12	$3,396
Mar 2000	0	1,021	28.42	2.86	$2,920
Feb 2000	0	1,031	27.62	2.73	$2,811
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	0	1,139	24.28	2.42	$2,761
Nov 1999	0	1,136	23.19	2.43	$2,765
Oct 1999	0	1,237	20.98	2.80	$3,468
Sep 1999	0	1,260	21.75	2.62	$3,300
Aug 1999	0	1,406	19.26	2.88	$4,043
Jul 1999	0	1,204	17.89	2.37	$2,856
Jun 1999	0	1,603	15.94	2.36	$3,786
May 1999	0	1,399	15.79	2.32	$3,247
Apr 1999	0	1,335	15.10	2.21	$2,948
Mar 1999	0	1,361	12.47	1.84	$2,502
Feb 1999	0	1,124	9.98	1.82	$2,043
Jan 1999	0	1,365	10.38	1.90	$2,593
Dec 1998	0	1,432	9.20	1.77	$2,539
Nov 1998	0	1,425	10.89	2.19	$3,115
Oct 1998	0	1,287	12.42	1.97	$2,534
Sep 1998	0	1,549	12.59	2.08	$3,226
Aug 1998	0	1,658	11.30	1.91	$3,162
Jul 1998	0	1,407	11.74	2.24	$3,148
Jun 1998	0	1,523	11.24	2.24	$3,407
May 1998	0	1,535	12.62	2.21	$3,387
Apr 1998	0	1,462	13.04	2.51	$3,663
Mar 1998	0	1,664	12.80	2.31	$3,843
Feb 1998	0	1,577	13.95	2.30	$3,626
Jan 1998	0	1,756	14.70	2.15	$3,784
Dec 1997	0	1,674	16.32	2.41	$4,036
Nov 1997	0	1,220	18.19	3.09	$3,768
Oct 1997	0	587	19.25	3.15	$1,849
Sep 1997	0	86	17.74	2.95	$254
Aug 1997	0	87	17.86	2.55	$222
Jul 1997	0	27	17.58	2.25	$61
Jun 1997	0	66	17.24	2.26	$149
May 1997	0	165	18.97	2.31	$381
Apr 1997	0	130	17.88	2.08	$271
Mar 1997	0	223	18.95	1.94	$432
Feb 1997	0	16	20.49	2.21	$35
Jan 1997	0	16	23.48	3.54	$57
Dec 1996	0	27	23.32	—	$0
Nov 1996	0	40	21.97	—	$0
Oct 1996	0	98	23.31	—	$0
Sep 1996	0	169	22.22	—	$0
Aug 1996	0	23	20.26	—	$0
Jul 1996	0	2	19.55	—	$0
Jun 1996	0	0	18.73	—	$0
May 1996	0	0	19.43	—	$0
Apr 1996	0	134	21.51	—	$0
Mar 1996	0	1,557	19.38	—	$0
Feb 1996	0	1,000	16.98	—	$0
Jan 1996	0	1,382	17.07	—	$0
Dec 1995	0	1,325	17.19	—	$0
Nov 1995	0	860	16.00	—	$0
Oct 1995	0	1,132	15.43	—	$0
Sep 1995	0	1,321	16.18	—	$0
Aug 1995	0	1,185	15.92	—	$0
Jul 1995	0	1,460	15.24	—	$0
Jun 1995	0	1,410	16.41	—	$0
May 1995	0	1,540	17.56	—	$0
Apr 1995	0	1,453	17.73	—	$0
Mar 1995	0	1,592	16.44	—	$0
Feb 1995	0	1,524	16.58	—	$0
Jan 1995	1	1,771	15.92	—	$16
Dec 1994	0	1,934	15.03	—	$0
Nov 1994	0	1,783	15.90	—	$0
Oct 1994	0	1,880	15.58	—	$0
Sep 1994	0	1,560	15.29	—	$0
Aug 1994	0	1,472	16.13	—	$0
Jul 1994	0	1,826	17.56	—	$0
Jun 1994	0	1,815	17.09	—	$0
May 1994	0	1,885	15.88	—	$0
Apr 1994	0	1,924	14.14	—	$0
Mar 1994	0	2,197	12.46	—	$0
Feb 1994	0	1,888	12.50	—	$0
Jan 1994	0	1,868	12.66	—	$0
Dec 1993	0	1,853	12.33	—	$0
Nov 1993	0	2,022	14.49	—	$0
Oct 1993	0	2,120	15.85	—	$0
Sep 1993	0	1,517	15.03	—	$0
Aug 1993	0	1,262	15.66	—	$0
Jul 1993	0	1,659	15.46	—	$0
Jun 1993	0	1,767	16.79	—	$0
May 1993	0	1,363	17.68	—	$0
Apr 1993	0	1,501	18.05	—	$0
Mar 1993	0	1,506	18.14	—	$0
Feb 1993	0	1,636	17.90	—	$0
Jan 1993	0	1,455	16.93	—	$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.

Jul 2014 — as filed, then multipliedworked

Condensate             0 bbl  × $ 96.56 =         $0
Gas                    9 Mcf  × $  4.18 =        $38

────────────────────────────────────────────────────
Month total                                      $38

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/96876 is the state's own key, not one this site invented.