EMBAR

Operated by CONOCOPHILLIPS COMPANY (P-5 172232) in the GOLDSMITH (5600) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 14198District 08Field 35652868Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$629 k
Jan 1993 – Feb 2007
Value, last 12 filed months
$90 k
at the published price for each month
Months reported
170
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 157 leases and 1,575 wells, and the rule below applies to all of them.

Discovered
1947-10-26
as the register files it
Field class
Oil and gas
the register's own label
Between wells
850 ft
minimum
From a lease line
555 ft
minimum

A drilling unit in this field needs at least 20 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: INTO THE GOLDSMITH (CLEAR FORK) FIELD.

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
OilDisposition9,033 bbl$316,406
Casinghead gasProduction61,687 Mcf$312,529
Total$628,935

6,572 Mcf of this lease's gas, across 18 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 32.0478, -102.6673. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

32.04776, -102.66732 · 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%
2 of 2 wells
With a plug date
50.0%
1 of 2 wells
Median depth
8,522 ft
2 wells filed one
Completion to plug
8.3 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
150.0%
BothOn the schedule and plugged. Neither fact cancels the other.
150.0%
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 8,509 and 8,534 ft, median 8,522 ft, over the 2 wells that filed a depth.

Completions filed
Mar 1998 – Apr 2009
2 of 2 wells
Plug dates filed
Jul 2006
1 of 2 wells; 1 filed none

Last completion to plug: a median of 8.3 years across the 1 well that filed both dates, with the middle half between 8.3 years and 8.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-13502733438,534 ftApr 2009Yes
42-13508445258,509 ftMar 1998Jul 2006Yes

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 (170)

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

170 months

Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 200631068.717.34$2,130
Jul 200610161369.376.34$10,894
Jun 20061761,31266.286.38$20,041
May 20062111,32566.016.42$22,441
Apr 200614189564.397.36$15,667
Mar 20061131,74956.707.08$18,795
Feb 200612384757.597.75$13,649
Jan 20061571,02760.598.93$18,687
Dec 200514297554.9413.42$20,882
Nov 20058269654.6910.59$11,854
Oct 200516058.3413.80$933
Sep 20057426361.4512.08$7,724
Aug 20052251,07261.519.80$24,342
Jul 20051681,07055.697.84$17,749
Jun 20051111,05952.337.38$13,625
May 20051421,04945.226.65$13,398
Apr 20051761,08349.207.36$16,631
Mar 200518895450.377.15$16,295
Feb 200514889545.226.31$12,342
Jan 200512589143.166.32$11,028
Dec 20041231,01539.866.75$11,755
Nov 20041221,00945.286.33$11,912
Oct 20041021,04849.706.52$11,897
Sep 20041121,24543.245.28$11,421
Aug 20042021,79842.375.55$18,539
Jul 20042051,79338.286.08$18,756
Jun 20042731,62836.106.43$20,328
May 20041911,10737.486.49$14,348
Apr 200417482134.475.86$10,808
Mar 20042051,31434.365.53$14,310
Feb 20042341,23532.455.51$14,398
Jan 20042381,68332.036.30$18,225
Dec 20032391,67130.266.30$17,762
Nov 20032381,50128.804.60$13,752
Oct 20031841,63228.174.76$12,951
Sep 200316123126.314.75$5,333
Aug 20034082,64929.765.13$25,731
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 199815012.592.08$189
Aug 199823494411.301.91$4,445
Jul 19980011.742.24$0
Jun 19984011.242.24$45
May 19983725112.622.21$1,021
Apr 19980013.042.51$0
Mar 199831012.802.31$397
Feb 1998276013.952.30$3,850
Jan 199834014.702.15$500
Dec 19975774,17816.322.41$19,490
Nov 19977836,40218.193.09$34,014
Oct 1997742,18519.253.15$8,307
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 19970017.242.26$0
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 19970018.951.94$0
Feb 19970020.492.21$0
Jan 19970023.483.54$0
Dec 19960023.32$0
Nov 19960021.97$0
Oct 19960023.31$0
Sep 19960022.22$0
Aug 19960020.26$0
Jul 19960019.55$0
Jun 19960018.73$0
May 19960019.43$0
Apr 19960021.51$0
Mar 19960019.38$0
Feb 19960016.98$0
Jan 19960017.07$0
Dec 19950017.19$0
Nov 19950016.00$0
Oct 19950015.43$0
Sep 19950016.18$0
Aug 19950015.92$0
Jul 19950015.24$0
Jun 19950016.41$0
May 19950017.56$0
Apr 19950017.73$0
Mar 19950016.44$0
Feb 19950016.58$0
Jan 19950015.92$0
Dec 19940015.03$0
Nov 19940015.90$0
Oct 19940015.58$0
Sep 19940015.29$0
Aug 19940016.13$0
Jul 199438017.56$667
Jun 1994421117.09$7,195
May 1994621315.88$95
Apr 1994034414.14$0
Mar 1994034112.46$0
Feb 1994031912.50$0
Jan 1994140112.66$13
Dec 1993039412.33$0
Nov 19931338914.49$188
Oct 1993043115.85$0
Sep 1993043715.03$0
Aug 1993024315.66$0
Jul 1993027215.46$0
Jun 199342842616.79$7,186
May 1993046217.68$0
Apr 1993045818.05$0
Mar 1993048518.14$0
Feb 1993045117.90$0
Jan 1993050516.93$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.

Aug 2006 — as filed, then multipliedworked
Oil                   31 bbl  × $ 68.71 =     $2,130
Casinghead gas         0 Mcf  × $  7.34 =         $0

────────────────────────────────────────────────────
Month total                                   $2,130

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/14198 is the state's own key, not one this site invented.