LOTUS OIL CO. -A-

Name: LOTUS OIL CO. -A- lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by WESTERN RESERVES OIL COMPANY INC (P-5 912220) in the FULLERTON field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 10040District 08Field 33230001Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$1.1 M

Jan 1993 – Sep 2009

Value, last 12 filed months

$1 k

at the published price for each month

Months reported

201

no gaps in the span

Streams

oil, casinghead gas

The FULLERTON 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 165 leases and 2,135 wells, and the rule below applies to all of them.

Discovered

1941-12-23

as the register files it

Field class

Oil

the register's own label

Between wells

0 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 10 acres. The field rule took effect on 2010-06-09.

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: “BLANCO-FULLERTON D WELLS 13 D, 15D, 16D & 17D. 08/3/21”

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
Oil	Disposition	46,685 bbl	$1,052,477
Casinghead gas	Production	15,914 Mcf	$22,431
Total			$1,074,908

8,606 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 (2)

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 32.3464, -102.8153. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.34645, -102.81525 · 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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

6,990 ft

2 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

2100.0%

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

Between 6,990 and 6,990 ft, median 6,990 ft, over the 2 wells that filed a depth.

Plug dates filed

Mar 1979 – Jul 2009

2 of 2 wells

2 wells


42-00307688	1	6,990 ft	—	Jul 2009	Yes
42-00307692	2	6,990 ft	—	Mar 1979	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 (201)

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

201 months


Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	19	0	61.13	3.46	$1,161
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	1	0	123.17	11.57	$123
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	2	0	62.00	7.55	$124
May 2007	1	0	58.74	7.85	$59
Apr 2007	3	0	59.61	7.81	$179
Mar 2007	5	0	56.92	7.30	$285
Feb 2007	7	0	55.10	8.22	$386
Jan 2007	6	0	50.30	6.73	$302
Dec 2006	177	0	56.65	6.92	$10,027
Nov 2006	181	0	54.20	7.62	$9,810
Oct 2006	184	0	54.90	6.01	$10,102
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	160	0	68.71	7.34	$10,994
Jul 2006	146	0	69.37	6.34	$10,128
Jun 2006	165	0	66.28	6.38	$10,936
May 2006	182	0	66.01	6.42	$12,014
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	168	0	57.59	7.75	$9,675
Jan 2006	308	0	60.59	8.93	$18,662
Dec 2005	171	0	54.94	13.42	$9,395
Nov 2005	348	0	54.69	10.59	$19,032
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	1	0	61.45	12.08	$61
Aug 2005	322	0	61.51	9.80	$19,806
Jul 2005	165	0	55.69	7.84	$9,189
Jun 2005	6	0	52.33	7.38	$314
May 2005	174	0	45.22	6.65	$7,868
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	179	0	39.86	6.75	$7,135
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	178	0	49.70	6.52	$8,847
Sep 2004	178	0	43.24	5.28	$7,697
Aug 2004	354	0	42.37	5.55	$14,999
Jul 2004	179	0	38.28	6.08	$6,852
Jun 2004	176	0	36.10	6.43	$6,354
May 2004	0	0	37.48	6.49	$0
Apr 2004	182	0	34.47	5.86	$6,274
Mar 2004	168	0	34.36	5.53	$5,772
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	163	0	32.03	6.30	$5,221
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	364	0	28.17	4.76	$10,254
Sep 2003	349	0	26.31	4.75	$9,182
Aug 2003	169	0	29.76	5.13	$5,029
Jul 2003	179	15	29.41	5.17	$5,342
Jun 2003	338	24	28.56	5.98	$9,797
May 2003	178	80	26.59	5.97	$5,211
Apr 2003	347	68	26.67	5.41	$9,622
Mar 2003	177	62	31.14	6.10	$5,890
Feb 2003	180	60	33.48	7.93	$6,502
Jan 2003	181	53	30.31	5.58	$5,782
Dec 2002	357	60	26.91	4.85	$9,898
Nov 2002	369	63	24.66	4.14	$9,360
Oct 2002	169	89	26.46	4.23	$4,848
Sep 2002	177	69	27.44	3.64	$5,108
Aug 2002	355	98	25.96	3.16	$9,526
Jul 2002	176	98	24.58	3.06	$4,626
Jun 2002	173	100	23.73	3.34	$4,439
May 2002	336	102	24.66	3.58	$8,651
Apr 2002	337	78	23.65	3.51	$8,244
Mar 2002	167	78	22.00	3.10	$3,916
Feb 2002	342	65	18.22	2.38	$6,386
Jan 2002	342	74	17.17	2.38	$6,048
Dec 2001	98	57	16.93	2.36	$1,794
Nov 2001	340	86	18.07	2.41	$6,351
Oct 2001	348	90	19.78	2.53	$7,111
Sep 2001	343	112	24.26	2.25	$8,573
Aug 2001	336	114	24.87	3.05	$8,704
Jul 2001	183	117	23.93	3.20	$4,753
Jun 2001	168	118	24.56	3.82	$4,577
May 2001	368	120	25.52	4.31	$9,908
Apr 2001	183	122	24.68	5.34	$5,167
Mar 2001	342	103	24.54	5.38	$8,946
Feb 2001	183	100	27.75	5.77	$5,655
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	342	0	32.21	5.66	$11,016
Oct 2000	182	0	31.23	5.15	$5,684
Sep 2000	184	76	31.87	5.19	$6,258
Aug 2000	352	110	29.64	4.54	$10,933
Jul 2000	232	115	28.53	4.09	$7,089
Jun 2000	435	105	29.30	4.40	$13,207
May 2000	547	106	27.26	3.68	$15,301
Apr 2000	0	94	24.51	3.12	$293
Mar 2000	585	111	28.42	2.86	$16,943
Feb 2000	0	94	27.62	2.73	$256
Jan 2000	685	64	25.27	2.48	$17,469
Dec 1999	0	92	24.28	2.42	$223
Nov 1999	591	45	23.19	2.43	$13,815
Oct 1999	59	109	20.98	2.80	$1,543
Sep 1999	263	98	21.75	2.62	$5,977
Aug 1999	397	148	19.26	2.88	$8,072
Jul 1999	259	108	17.89	2.37	$4,890
Jun 1999	407	119	15.94	2.36	$6,769
May 1999	2	128	15.79	2.32	$329
Apr 1999	637	95	15.10	2.21	$9,828
Mar 1999	263	112	12.47	1.84	$3,486
Feb 1999	3	94	9.98	1.82	$201
Jan 1999	388	104	10.38	1.90	$4,225
Dec 1998	269	119	9.20	1.77	$2,686
Nov 1998	421	84	10.89	2.19	$4,768
Oct 1998	249	137	12.42	1.97	$3,362
Sep 1998	438	125	12.59	2.08	$5,775
Aug 1998	2	121	11.30	1.91	$253
Jul 1998	639	121	11.74	2.24	$7,773
Jun 1998	0	32	11.24	2.24	$72
May 1998	231	111	12.62	2.21	$3,160
Apr 1998	443	122	13.04	2.51	$6,082
Mar 1998	249	63	12.80	2.31	$3,333
Feb 1998	465	90	13.95	2.30	$6,694
Jan 1998	258	88	14.70	2.15	$3,982
Dec 1997	723	36	16.32	2.41	$11,886
Nov 1997	0	93	18.19	3.09	$287
Oct 1997	424	114	19.25	3.15	$8,521
Sep 1997	0	114	17.74	2.95	$337
Aug 1997	215	123	17.86	2.55	$4,154
Jul 1997	414	135	17.58	2.25	$7,581
Jun 1997	216	155	17.24	2.26	$4,074
May 1997	445	153	18.97	2.31	$8,795
Apr 1997	669	128	17.88	2.08	$12,228
Mar 1997	1	147	18.95	1.94	$304
Feb 1997	652	127	20.49	2.21	$13,640
Jan 1997	260	168	23.48	3.54	$6,699
Dec 1996	450	85	23.32	—	$10,494
Nov 1996	259	124	21.97	—	$5,690
Oct 1996	460	150	23.31	—	$10,723
Sep 1996	244	162	22.22	—	$5,422
Aug 1996	413	176	20.26	—	$8,367
Jul 1996	670	192	19.55	—	$13,099
Jun 1996	0	165	18.73	—	$0
May 1996	686	175	19.43	—	$13,329
Apr 1996	225	162	21.51	—	$4,840
Mar 1996	471	137	19.38	—	$9,128
Feb 1996	0	126	16.98	—	$0
Jan 1996	689	136	17.07	—	$11,761
Dec 1995	257	132	17.19	—	$4,418
Nov 1995	416	141	16.00	—	$6,656
Oct 1995	263	162	15.43	—	$4,058
Sep 1995	419	172	16.18	—	$6,779
Aug 1995	703	168	15.92	—	$11,192
Jul 1995	242	183	15.24	—	$3,688
Jun 1995	431	179	16.41	—	$7,073
May 1995	246	211	17.56	—	$4,320
Apr 1995	462	176	17.73	—	$8,191
Mar 1995	227	137	16.44	—	$3,732
Feb 1995	466	136	16.58	—	$7,726
Jan 1995	646	122	15.92	—	$10,284
Dec 1994	249	120	15.03	—	$3,742
Nov 1994	458	166	15.90	—	$7,282
Oct 1994	242	189	15.58	—	$3,770
Sep 1994	403	198	15.29	—	$6,162
Aug 1994	706	277	16.13	—	$11,388
Jul 1994	243	252	17.56	—	$4,267
Jun 1994	452	230	17.09	—	$7,725
May 1994	245	187	15.88	—	$3,891
Apr 1994	425	202	14.14	—	$6,010
Mar 1994	703	192	12.46	—	$8,759
Feb 1994	241	112	12.50	—	$3,013
Jan 1994	447	153	12.66	—	$5,659
Dec 1993	262	119	12.33	—	$3,230
Nov 1993	452	158	14.49	—	$6,549
Oct 1993	257	175	15.85	—	$4,073
Sep 1993	389	234	15.03	—	$5,847
Aug 1993	676	292	15.66	—	$10,586
Jul 1993	245	197	15.46	—	$3,788
Jun 1993	462	336	16.79	—	$7,757
May 1993	240	292	17.68	—	$4,243
Apr 1993	431	245	18.05	—	$7,780
Mar 1993	718	256	18.14	—	$13,025
Feb 1993	260	148	17.90	—	$4,654
Jan 1993	325	167	16.93	—	$5,502

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 2009 — as filed, then multipliedworked

Oil                   19 bbl  × $ 61.13 =     $1,161
Casinghead gas         0 Mcf  × $  3.46 =         $0

────────────────────────────────────────────────────
Month total                                   $1,161

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/O/10040 is the state's own key, not one this site invented.