CLAY, H. R. -C-

Operated by LEGACY RESERVES OPERATING LP (P-5 495445) in the HOWARD GLASSCOCK field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 12702District 08Field 42971001Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$640 k
Jan 1993 – Aug 2012
Value, last 12 filed months
$24 k
at the published price for each month
Months reported
236
no gaps in the span
Streams
2
oil, casinghead 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 285 leases and 3,948 wells, and the rule below applies to all of them.

Discovered
1925-12-31
as the register files it
Field class
Oil
the register's own label
Between wells
400 ft
minimum
From a lease line
200 ft
minimum

A drilling unit in this field needs at least 5 acres. The field rule took effect on 2008-07-28.

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: HOWARD GLASSCOCK (CONSOLIDATED), EFFECTIVE 11/22/11.

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
OilDisposition17,626 bbl$639,445
Casinghead gasProduction187 Mcf$719
Total$640,164

48 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 (5)

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 32.0917, -101.2994. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

32.09127, -101.29887 · 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%
5 of 5 wells
With a plug date
20.0%
1 of 5 wells
Median depth
2,622 ft
5 wells filed one
Completion to plug
12.0 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
5100.0%
A plug date is filed
120.0%
BothOn the schedule and plugged. Neither fact cancels the other.
120.0%
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 1,622 and 2,650 ft, median 2,622 ft, over the 5 wells that filed a depth.

Completions filed
Mar 1959 – Jun 1967
5 of 5 wells
Plug dates filed
Feb 1979
1 of 5 wells; 4 filed none

Last completion to plug: a median of 12.0 years across the 1 well that filed both dates, with the middle half between 12.0 years and 12.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells

42-2271078542,622 ftJun 1967Yes
42-2271079252,650 ftJun 1967Yes
42-2271075132,623 ftFeb 1967Feb 1979Yes
42-2270173911,622 ftMay 1963Yes
42-2270072622,610 ftMar 1959Yes

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 (236)

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

236 months

Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 2011111095.723.31$10,625
Oct 2011154084.983.65$13,087
Sep 20110083.623.99$0
Aug 2011152083.404.15$12,677
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 2011152098.134.40$14,916
Apr 201100105.964.33$0
Mar 2011154096.364.06$14,839
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 2010150085.734.35$12,860
Nov 20100080.843.80$0
Oct 2010147078.103.51$11,481
Sep 20100072.633.98$0
Aug 2010158073.684.42$11,641
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 2010148071.124.24$10,526
Apr 20100081.694.12$0
Mar 2010157078.394.39$12,307
Feb 20100073.585.44$0
Jan 2010151074.365.96$11,228
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 2009145072.544.11$10,518
Sep 20090065.543.06$0
Aug 2009148067.423.22$9,978
Jul 20090061.133.46$0
Jun 2009157066.163.90$10,387
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 2009161042.144.06$6,785
Feb 20090032.814.63$0
Jan 2009157035.865.37$5,630
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 2008160075.246.92$12,038
Sep 200800101.767.88$0
Aug 20081450114.228.48$16,562
Jul 200801131.0811.39$11
Jun 200801131.3313.03$13
May 20081431123.1711.57$17,625
Apr 200801110.3110.45$10
Mar 20081411101.909.66$14,378
Feb 2008147192.538.77$13,611
Jan 20080190.388.21$8
Dec 20070188.337.30$7
Nov 20070191.677.29$7
Oct 20070182.856.92$7
Sep 20070175.846.24$6
Aug 2007157169.066.39$10,849
Jul 20070170.906.39$6
Jun 2007155162.007.55$9,618
May 20070158.747.85$8
Apr 20070159.617.81$8
Mar 2007164156.927.30$9,342
Feb 20070155.108.22$8
Jan 2007171150.306.73$8,608
Dec 20060156.656.92$7
Nov 20060154.207.62$8
Oct 2006145154.906.01$7,967
Sep 20060160.085.04$5
Aug 200671168.717.34$4,886
Jul 200663169.376.34$4,377
Jun 200668166.286.38$4,513
May 200675166.016.42$4,957
Apr 200650164.397.36$3,227
Mar 200679156.707.08$4,486
Feb 200661157.597.75$3,521
Jan 200669160.598.93$4,190
Dec 200572154.9413.42$3,969
Nov 2005138154.6910.59$7,558
Oct 20050158.3413.80$14
Sep 2005136161.4512.08$8,369
Aug 20050161.519.80$10
Jul 200586155.697.84$4,797
Jun 2005126152.337.38$6,601
May 20050145.226.65$7
Apr 200574149.207.36$3,648
Mar 200577150.377.15$3,886
Feb 200567145.226.31$3,036
Jan 200574143.166.32$3,200
Dec 200489139.866.75$3,554
Nov 2004147145.286.33$6,662
Oct 20040149.706.52$7
Sep 200466143.245.28$2,859
Aug 200467142.375.55$2,844
Jul 200468138.286.08$2,609
Jun 200467136.106.43$2,425
May 200470137.486.49$2,630
Apr 200469134.475.86$2,384
Mar 2004147134.365.53$5,056
Feb 20040132.455.51$6
Jan 200479132.036.30$2,537
Dec 200369130.266.30$2,094
Nov 2003169128.804.60$4,872
Oct 20030128.174.76$5
Sep 200372126.314.75$1,899
Aug 200372129.765.13$2,148
Jul 200371129.415.17$2,093
Jun 200382128.565.98$2,348
May 200375126.595.97$2,000
Apr 200368126.675.41$1,819
Mar 2003134131.146.10$4,179
Feb 20030133.487.93$8
Jan 200382130.315.58$2,491
Dec 200281126.914.85$2,185
Nov 200276124.664.14$1,878
Oct 200275126.464.23$1,989
Sep 200284127.443.64$2,309
Aug 200283125.963.16$2,158
Jul 200291124.583.06$2,240
Jun 200257123.733.34$1,356
May 200276124.663.58$1,878
Apr 200290123.653.51$2,132
Mar 200274122.003.10$1,631
Feb 200282118.222.38$1,496
Jan 2002125117.172.38$2,149
Dec 2001131116.932.36$2,220
Nov 20010118.072.41$2
Oct 2001105119.782.53$2,079
Sep 200184124.262.25$2,040
Aug 2001115124.873.05$2,863
Jul 200197123.933.20$2,324
Jun 2001104124.563.82$2,558
May 2001156125.524.31$3,985
Apr 2001186124.685.34$4,596
Mar 200192124.545.38$2,263
Feb 20010127.755.77$6
Jan 20010127.478.40$8
Dec 20000126.889.12$9
Nov 200055132.215.66$1,777
Oct 200082131.235.15$2,566
Sep 200099131.875.19$3,160
Aug 2000114129.644.54$3,384
Jul 200095128.534.09$2,714
Jun 2000122129.304.40$3,579
May 2000153127.263.68$4,174
Apr 2000187124.513.12$4,586
Mar 20000128.422.86$3
Feb 20000127.622.73$3
Jan 200057125.272.48$1,443
Dec 199950124.282.42$1,216
Nov 199968123.192.43$1,579
Oct 199963120.982.80$1,325
Sep 199982121.752.62$1,786
Aug 1999124119.262.88$2,391
Jul 199974117.892.37$1,326
Jun 1999129115.942.36$2,059
May 19990115.792.32$2
Apr 1999102115.102.21$1,542
Mar 1999188112.471.84$2,346
Feb 1999019.981.82$2
Jan 19990110.381.90$2
Dec 1998019.201.77$2
Nov 199852110.892.19$568
Oct 199876112.421.97$946
Sep 1998155112.592.08$1,954
Aug 199842111.301.91$477
Jul 199896111.742.24$1,129
Jun 199875111.242.24$845
May 1998109112.622.21$1,378
Apr 1998135113.042.51$1,763
Mar 1998137112.802.31$1,756
Feb 1998191113.952.30$2,667
Jan 19980114.702.15$2
Dec 19970116.322.41$2
Nov 199793118.193.09$1,695
Oct 199775119.253.15$1,447
Sep 1997118117.742.95$2,096
Aug 199779117.862.55$1,413
Jul 1997131117.582.25$2,305
Jun 19970117.242.26$2
May 199766118.972.31$1,254
Apr 199782117.882.08$1,468
Mar 1997129118.951.94$2,446
Feb 1997127120.492.21$2,604
Jan 19970123.483.54$4
Dec 1996203123.32$4,734
Nov 19960121.97$0
Oct 1996100123.31$2,331
Sep 1996117122.22$2,600
Aug 1996154120.26$3,120
Jul 19960119.55$0
Jun 199674118.73$1,386
May 1996108119.43$2,098
Apr 1996106121.51$2,280
Mar 199689119.38$1,725
Feb 1996108116.98$1,834
Jan 1996106117.07$1,809
Dec 199583117.19$1,427
Nov 1995135116.00$2,160
Oct 199594115.43$1,450
Sep 1995246116.18$3,980
Aug 19950115.92$0
Jul 19950115.24$0
Jun 1995184116.41$3,019
May 19950117.56$0
Apr 199572117.73$1,277
Mar 199587116.44$1,430
Feb 1995142116.58$2,354
Jan 1995153115.92$2,436
Dec 19940115.03$0
Nov 1994131115.90$2,083
Oct 1994149115.58$2,321
Sep 1994152115.29$2,324
Aug 19940116.13$0
Jul 1994112117.56$1,967
Jun 1994125117.09$2,136
May 1994138115.88$2,191
Apr 19940114.14$0
Mar 1994114112.46$1,420
Feb 1994229112.50$2,863
Jan 19940112.66$0
Dec 199347112.33$580
Nov 1993121114.49$1,753
Oct 199392115.85$1,458
Sep 1993126115.03$1,894
Aug 1993128115.66$2,004
Jul 199371115.46$1,098
Jun 199398116.79$1,645
May 199397117.68$1,715
Apr 199393118.05$1,679
Mar 1993106118.14$1,923
Feb 199366117.90$1,181
Jan 1993115116.93$1,947

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.

Nov 2011 — as filed, then multipliedworked
Oil                  111 bbl  × $ 95.72 =    $10,625
Casinghead gas         0 Mcf  × $  3.31 =         $0

────────────────────────────────────────────────────
Month total                                  $10,625

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/12702 is the state's own key, not one this site invented.