LOVING -V- FEE

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

Operated by SYNERGY OIL & GAS, INC. (A) (P-5 833590) in the TUNSTILL, EAST (DELAWARE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 17460District 08Field 91818500NGPA filingOilCasinghead gasSave Export

Value, all time

$209 k

Jan 1993 – May 2001

Value, last 12 filed months

$16 k

at the published price for each month

Months reported

101

no gaps in the span

Streams

oil, casinghead gas

The TUNSTILL, EAST (DELAWARE) 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 26 leases and 100 wells, and the rule below applies to all of them.

Discovered

1959-08-23

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,320 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 40 acres.

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
Oil	Disposition	10,876 bbl	$193,735
Casinghead gas	Production	13,668 Mcf	$15,639
Total			$209,374

8,031 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 31.8216, -103.7849. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

31.82081, -103.78310 · 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%

5 of 5 wells

With a plug date

100.0%

5 of 5 wells

Median depth

3,680 ft

5 wells filed one

Completion to plug

14.1 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

5100.0%

A plug date is filed

5100.0%

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

5100.0%

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 3,620 and 3,870 ft, median 3,680 ft, over the 5 wells that filed a depth.

Completions filed

Feb 2012

1 of 5 wells; 4 filed none

Plug dates filed

Jul 1983 – Mar 2026

5 of 5 wells

Last completion to plug: a median of 14.1 years across the 1 well that filed both dates, with the middle half between 14.1 years and 14.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells


42-30101077	1	3,870 ft	—	Aug 1983	Yes
42-30110054	2	3,680 ft	—	Jul 1983	Yes
42-30110181	3	3,700 ft	—	Nov 2010	Yes
42-30110182	5	3,630 ft	—	Sep 1983	Yes
42-30110187	4	3,620 ft	Feb 2012	Mar 2026	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 (101)

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

101 months


May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	94	67	27.47	8.40	$3,145
Dec 2000	64	86	26.88	9.12	$2,505
Nov 2000	49	83	32.21	5.66	$2,048
Oct 2000	49	22	31.23	5.15	$1,643
Sep 2000	48	0	31.87	5.19	$1,530
Aug 2000	65	0	29.64	4.54	$1,927
Jul 2000	48	72	28.53	4.09	$1,664
Jun 2000	33	110	29.30	4.40	$1,451
May 2000	211	188	27.26	3.68	$6,444
Apr 2000	165	200	24.51	3.12	$4,667
Mar 2000	110	142	28.42	2.86	$3,532
Feb 2000	158	135	27.62	2.73	$4,732
Jan 2000	109	157	25.27	2.48	$3,144
Dec 1999	106	192	24.28	2.42	$3,039
Nov 1999	147	163	23.19	2.43	$3,806
Oct 1999	50	191	20.98	2.80	$1,585
Sep 1999	153	175	21.75	2.62	$3,786
Aug 1999	52	212	19.26	2.88	$1,611
Jul 1999	103	62	17.89	2.37	$1,990
Jun 1999	99	201	15.94	2.36	$2,053
May 1999	101	115	15.79	2.32	$1,862
Apr 1999	103	146	15.10	2.21	$1,878
Mar 1999	102	158	12.47	1.84	$1,562
Feb 1999	101	97	9.98	1.82	$1,184
Jan 1999	102	159	10.38	1.90	$1,361
Dec 1998	150	194	9.20	1.77	$1,724
Nov 1998	103	130	10.89	2.19	$1,406
Oct 1998	202	183	12.42	1.97	$2,869
Sep 1998	102	109	12.59	2.08	$1,511
Aug 1998	0	29	11.30	1.91	$55
Jul 1998	0	19	11.74	2.24	$43
Jun 1998	0	19	11.24	2.24	$43
May 1998	0	32	12.62	2.21	$71
Apr 1998	51	53	13.04	2.51	$798
Mar 1998	151	61	12.80	2.31	$2,074
Feb 1998	52	91	13.95	2.30	$935
Jan 1998	156	47	14.70	2.15	$2,394
Dec 1997	52	124	16.32	2.41	$1,148
Nov 1997	106	134	18.19	3.09	$2,342
Oct 1997	156	115	19.25	3.15	$3,365
Sep 1997	161	201	17.74	2.95	$3,450
Aug 1997	189	176	17.86	2.55	$3,825
Jul 1997	45	158	17.58	2.25	$1,146
Jun 1997	95	153	17.24	2.26	$1,983
May 1997	51	87	18.97	2.31	$1,168
Apr 1997	90	73	17.88	2.08	$1,761
Mar 1997	50	98	18.95	1.94	$1,138
Feb 1997	101	103	20.49	2.21	$2,297
Jan 1997	103	115	23.48	3.54	$2,826
Dec 1996	96	109	23.32	—	$2,239
Nov 1996	102	66	21.97	—	$2,241
Oct 1996	103	86	23.31	—	$2,401
Sep 1996	103	118	22.22	—	$2,289
Aug 1996	95	91	20.26	—	$1,925
Jul 1996	102	61	19.55	—	$1,994
Jun 1996	102	90	18.73	—	$1,910
May 1996	205	168	19.43	—	$3,983
Apr 1996	49	130	21.51	—	$1,054
Mar 1996	207	46	19.38	—	$4,012
Feb 1996	103	65	16.98	—	$1,749
Jan 1996	106	76	17.07	—	$1,809
Dec 1995	53	69	17.19	—	$911
Nov 1995	104	111	16.00	—	$1,664
Oct 1995	103	87	15.43	—	$1,589
Sep 1995	54	87	16.18	—	$874
Aug 1995	104	114	15.92	—	$1,656
Jul 1995	153	101	15.24	—	$2,332
Jun 1995	102	94	16.41	—	$1,674
May 1995	152	91	17.56	—	$2,669
Apr 1995	98	148	17.73	—	$1,738
Mar 1995	101	175	16.44	—	$1,660
Feb 1995	153	196	16.58	—	$2,537
Jan 1995	102	146	15.92	—	$1,624
Dec 1994	102	179	15.03	—	$1,533
Nov 1994	153	131	15.90	—	$2,433
Oct 1994	102	164	15.58	—	$1,589
Sep 1994	100	220	15.29	—	$1,529
Aug 1994	150	239	16.13	—	$2,420
Jul 1994	151	232	17.56	—	$2,652
Jun 1994	101	197	17.09	—	$1,726
May 1994	101	185	15.88	—	$1,604
Apr 1994	151	204	14.14	—	$2,135
Mar 1994	154	197	12.46	—	$1,919
Feb 1994	153	197	12.50	—	$1,913
Jan 1994	203	207	12.66	—	$2,570
Dec 1993	154	203	12.33	—	$1,899
Nov 1993	253	209	14.49	—	$3,666
Oct 1993	153	226	15.85	—	$2,425
Sep 1993	153	243	15.03	—	$2,300
Aug 1993	254	285	15.66	—	$3,978
Jul 1993	153	269	15.46	—	$2,365
Jun 1993	191	196	16.79	—	$3,207
May 1993	164	532	17.68	—	$2,900
Apr 1993	122	499	18.05	—	$2,202
Mar 1993	115	490	18.14	—	$2,086
Feb 1993	150	1	17.90	—	$2,685
Jan 1993	153	1	16.93	—	$2,590

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.

Jan 2001 — as filed, then multipliedworked

Oil                   94 bbl  × $ 27.47 =     $2,582
Casinghead gas        67 Mcf  × $  8.40 =       $563

────────────────────────────────────────────────────
Month total                                   $3,145

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/17460 is the state's own key, not one this site invented.