ARGO

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

Operated by SHERIDAN PRODUCTION COMPANY, LLC (P-5 775854) in the GOLDSMITH, N. (SAN ANDRES, CON.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 18602District 08Field 35654664Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$1.9 M

Jan 1993 – Mar 2011

Value, last 12 filed months

$31 k

at the published price for each month

Months reported

219

no gaps in the span

Streams

oil, casinghead gas

The GOLDSMITH, N. (SAN ANDRES, CON.) 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 278 leases and 717 wells, and the rule below applies to all of them.

Discovered

1964-06-01

as the register files it

Field class

Oil and gas

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 2011-05-09.

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: “PER DOCKET 08-0269423 SPACING,DENSITY, AND ALLOCATION AMENDED.”

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	46,809 bbl	$1,345,235
Casinghead gas	Production	154,150 Mcf	$508,478
Total			$1,853,713

56,607 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 (3)

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 32.2167, -102.7846. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.21682, -102.78412 · 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%

3 of 3 wells

With a plug date

0.0%

0 of 3 wells

Median depth

7,945 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

3100.0%

A plug date is filed

00.0%

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

00.0%

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 6,500 and 9,390 ft, median 7,945 ft, over the 2 wells that filed a depth.

Completions filed

Dec 1985 – Aug 1993

2 of 3 wells; 1 filed none

3 wells


42-00307643	2	—	—	—	Yes
42-00332253	3	6,500 ft	Aug 1993	—	Yes
42-00307637	1	9,390 ft	Dec 1985	—	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 (219)

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

219 months


Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	114	0	70.36	4.91	$8,021
May 2010	157	603	71.12	4.24	$13,720
Apr 2010	77	627	81.69	4.12	$8,875
Mar 2010	157	663	78.39	4.39	$15,217
Feb 2010	83	576	73.58	5.44	$9,242
Jan 2010	164	616	74.36	5.96	$15,869
Dec 2009	146	519	71.44	5.48	$13,276
Nov 2009	131	586	74.59	3.75	$11,970
Oct 2009	118	590	72.54	4.11	$10,985
Sep 2009	95	620	65.54	3.06	$8,126
Aug 2009	56	645	67.42	3.22	$5,851
Jul 2009	115	509	61.13	3.46	$8,793
Jun 2009	102	627	66.16	3.90	$9,190
May 2009	111	631	54.74	3.93	$8,553
Apr 2009	51	488	46.77	3.59	$4,136
Mar 2009	139	380	42.14	4.06	$7,400
Feb 2009	176	304	32.81	4.63	$7,183
Jan 2009	74	449	35.86	5.37	$5,065
Dec 2008	128	585	37.10	5.98	$8,245
Nov 2008	100	807	55.49	6.86	$11,085
Oct 2008	101	712	75.24	6.92	$12,528
Sep 2008	49	530	101.76	7.88	$9,161
Aug 2008	48	264	114.22	8.48	$7,722
Jul 2008	99	0	131.08	11.39	$12,977
Jun 2008	155	396	131.33	13.03	$25,517
May 2008	114	799	123.17	11.57	$23,289
Apr 2008	0	736	110.31	10.45	$7,695
Mar 2008	169	640	101.90	9.66	$23,406
Feb 2008	184	518	92.53	8.77	$21,569
Jan 2008	173	620	90.38	8.21	$20,723
Dec 2007	183	629	88.33	7.30	$20,757
Nov 2007	181	530	91.67	7.29	$20,457
Oct 2007	0	548	82.85	6.92	$3,793
Sep 2007	263	439	75.84	6.24	$22,687
Aug 2007	176	610	69.06	6.39	$16,051
Jul 2007	177	506	70.90	6.39	$15,782
Jun 2007	0	833	62.00	7.55	$6,288
May 2007	164	507	58.74	7.85	$13,611
Apr 2007	160	520	59.61	7.81	$13,596
Mar 2007	156	475	56.92	7.30	$12,348
Feb 2007	173	547	55.10	8.22	$14,026
Jan 2007	184	534	50.30	6.73	$12,847
Dec 2006	2	616	56.65	6.92	$4,375
Nov 2006	172	487	54.20	7.62	$13,032
Oct 2006	218	599	54.90	6.01	$15,570
Sep 2006	160	527	60.08	5.04	$12,267
Aug 2006	162	407	68.71	7.34	$14,118
Jul 2006	179	144	69.37	6.34	$13,331
Jun 2006	207	487	66.28	6.38	$16,829
May 2006	0	854	66.01	6.42	$5,487
Apr 2006	408	470	64.39	7.36	$29,731
Mar 2006	196	891	56.70	7.08	$17,424
Feb 2006	63	551	57.59	7.75	$7,899
Jan 2006	97	755	60.59	8.93	$12,622
Dec 2005	166	612	54.94	13.42	$17,330
Nov 2005	169	675	54.69	10.59	$16,390
Oct 2005	160	898	58.34	13.80	$21,723
Sep 2005	162	490	61.45	12.08	$15,874
Aug 2005	161	591	61.51	9.80	$15,693
Jul 2005	160	596	55.69	7.84	$13,585
Jun 2005	156	630	52.33	7.38	$12,814
May 2005	156	645	45.22	6.65	$11,344
Apr 2005	161	634	49.20	7.36	$12,588
Mar 2005	144	620	50.37	7.15	$11,689
Feb 2005	144	559	45.22	6.31	$10,040
Jan 2005	144	633	43.16	6.32	$10,217
Dec 2004	171	632	39.86	6.75	$11,083
Nov 2004	83	608	45.28	6.33	$7,607
Oct 2004	87	697	49.70	6.52	$8,865
Sep 2004	128	632	43.24	5.28	$8,874
Aug 2004	125	894	42.37	5.55	$10,259
Jul 2004	158	771	38.28	6.08	$10,739
Jun 2004	179	715	36.10	6.43	$11,062
May 2004	336	856	37.48	6.49	$18,153
Apr 2004	163	696	34.47	5.86	$9,696
Mar 2004	171	812	34.36	5.53	$10,366
Feb 2004	166	803	32.45	5.51	$9,811
Jan 2004	171	790	32.03	6.30	$10,454
Dec 2003	160	813	30.26	6.30	$9,965
Nov 2003	81	554	28.80	4.60	$4,879
Oct 2003	195	583	28.17	4.76	$8,268
Sep 2003	202	528	26.31	4.75	$7,822
Aug 2003	371	583	29.76	5.13	$14,032
Jul 2003	0	592	29.41	5.17	$3,061
Jun 2003	178	509	28.56	5.98	$8,129
May 2003	186	507	26.59	5.97	$7,974
Apr 2003	180	469	26.67	5.41	$7,337
Mar 2003	155	561	31.14	6.10	$8,247
Feb 2003	168	623	33.48	7.93	$10,562
Jan 2003	153	653	30.31	5.58	$8,283
Dec 2002	150	663	26.91	4.85	$7,255
Nov 2002	146	683	24.66	4.14	$6,426
Oct 2002	152	716	26.46	4.23	$7,050
Sep 2002	149	707	27.44	3.64	$6,659
Aug 2002	315	682	25.96	3.16	$10,335
Jul 2002	152	734	24.58	3.06	$5,983
Jun 2002	85	702	23.73	3.34	$4,360
May 2002	167	726	24.66	3.58	$6,720
Apr 2002	172	710	23.65	3.51	$6,562
Mar 2002	164	719	22.00	3.10	$5,839
Feb 2002	328	679	18.22	2.38	$7,589
Jan 2002	162	752	17.17	2.38	$4,568
Dec 2001	166	745	16.93	2.36	$4,572
Nov 2001	145	729	18.07	2.41	$4,374
Oct 2001	148	797	19.78	2.53	$4,943
Sep 2001	141	765	24.26	2.25	$5,143
Aug 2001	142	789	24.87	3.05	$5,940
Jul 2001	137	803	23.93	3.20	$5,846
Jun 2001	200	781	24.56	3.82	$7,899
May 2001	146	808	25.52	4.31	$7,206
Apr 2001	298	718	24.68	5.34	$11,185
Mar 2001	145	754	24.54	5.38	$7,612
Feb 2001	145	706	27.75	5.77	$8,095
Jan 2001	145	792	27.47	8.40	$10,635
Dec 2000	143	814	26.88	9.12	$11,270
Nov 2000	144	839	32.21	5.66	$9,385
Oct 2000	141	913	31.23	5.15	$9,101
Sep 2000	287	905	31.87	5.19	$13,840
Aug 2000	132	956	29.64	4.54	$8,253
Jul 2000	128	942	28.53	4.09	$7,504
Jun 2000	129	908	29.30	4.40	$7,772
May 2000	133	823	27.26	3.68	$6,654
Apr 2000	281	909	24.51	3.12	$9,720
Mar 2000	154	939	28.42	2.86	$7,062
Feb 2000	152	662	27.62	2.73	$6,003
Jan 2000	156	355	25.27	2.48	$4,823
Dec 1999	155	365	24.28	2.42	$4,648
Nov 1999	274	295	23.19	2.43	$7,072
Oct 1999	136	291	20.98	2.80	$3,669
Sep 1999	293	284	21.75	2.62	$7,117
Aug 1999	163	314	19.26	2.88	$4,042
Jul 1999	154	326	17.89	2.37	$3,528
Jun 1999	150	341	15.94	2.36	$3,196
May 1999	139	395	15.79	2.32	$3,112
Apr 1999	131	402	15.10	2.21	$2,866
Mar 1999	271	389	12.47	1.84	$4,094
Feb 1999	144	337	9.98	1.82	$2,050
Jan 1999	153	373	10.38	1.90	$2,297
Dec 1998	140	367	9.20	1.77	$1,939
Nov 1998	144	372	10.89	2.19	$2,381
Oct 1998	136	417	12.42	1.97	$2,510
Sep 1998	282	401	12.59	2.08	$4,386
Aug 1998	141	413	11.30	1.91	$2,381
Jul 1998	139	411	11.74	2.24	$2,551
Jun 1998	136	383	11.24	2.24	$2,386
May 1998	286	410	12.62	2.21	$4,514
Apr 1998	142	472	13.04	2.51	$3,034
Mar 1998	150	503	12.80	2.31	$3,082
Feb 1998	146	445	13.95	2.30	$3,060
Jan 1998	263	462	14.70	2.15	$4,862
Dec 1997	137	443	16.32	2.41	$3,304
Nov 1997	277	482	18.19	3.09	$6,527
Oct 1997	315	617	19.25	3.15	$8,007
Sep 1997	160	437	17.74	2.95	$4,130
Aug 1997	168	825	17.86	2.55	$5,108
Jul 1997	165	810	17.58	2.25	$4,721
Jun 1997	159	752	17.24	2.26	$4,439
May 1997	365	649	18.97	2.31	$8,422
Apr 1997	199	716	17.88	2.08	$5,049
Mar 1997	189	737	18.95	1.94	$5,011
Feb 1997	184	630	20.49	2.21	$5,160
Jan 1997	168	682	23.48	3.54	$6,359
Dec 1996	376	655	23.32	—	$8,768
Nov 1996	188	685	21.97	—	$4,130
Oct 1996	203	729	23.31	—	$4,732
Sep 1996	214	886	22.22	—	$4,755
Aug 1996	423	942	20.26	—	$8,570
Jul 1996	194	963	19.55	—	$3,793
Jun 1996	199	864	18.73	—	$3,727
May 1996	383	955	19.43	—	$7,442
Apr 1996	196	930	21.51	—	$4,216
Mar 1996	198	1,024	19.38	—	$3,837
Feb 1996	374	900	16.98	—	$6,351
Jan 1996	189	848	17.07	—	$3,226
Dec 1995	345	864	17.19	—	$5,931
Nov 1995	164	859	16.00	—	$2,624
Oct 1995	329	869	15.43	—	$5,076
Sep 1995	307	1,004	16.18	—	$4,967
Aug 1995	390	849	15.92	—	$6,209
Jul 1995	402	1,027	15.24	—	$6,126
Jun 1995	203	840	16.41	—	$3,331
May 1995	388	959	17.56	—	$6,813
Apr 1995	377	917	17.73	—	$6,684
Mar 1995	361	961	16.44	—	$5,935
Feb 1995	355	907	16.58	—	$5,886
Jan 1995	589	1,061	15.92	—	$9,377
Dec 1994	193	911	15.03	—	$2,901
Nov 1994	388	983	15.90	—	$6,169
Oct 1994	391	1,256	15.58	—	$6,092
Sep 1994	376	1,276	15.29	—	$5,749
Aug 1994	382	1,275	16.13	—	$6,162
Jul 1994	379	1,426	17.56	—	$6,655
Jun 1994	503	1,490	17.09	—	$8,596
May 1994	168	883	15.88	—	$2,668
Apr 1994	340	1,221	14.14	—	$4,808
Mar 1994	517	1,187	12.46	—	$6,442
Feb 1994	355	1,024	12.50	—	$4,438
Jan 1994	496	1,176	12.66	—	$6,279
Dec 1993	323	1,267	12.33	—	$3,983
Nov 1993	311	836	14.49	—	$4,506
Oct 1993	486	1,000	15.85	—	$7,703
Sep 1993	798	2,000	15.03	—	$11,994
Aug 1993	750	3,078	15.66	—	$11,745
Jul 1993	758	1,486	15.46	—	$11,719
Jun 1993	770	1,860	16.79	—	$12,928
May 1993	793	1,873	17.68	—	$14,020
Apr 1993	792	1,835	18.05	—	$14,296
Mar 1993	1,199	2,100	18.14	—	$21,750
Feb 1993	1,339	2,217	17.90	—	$23,968
Jan 1993	904	1,449	16.93	—	$15,305

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.

Jun 2010 — as filed, then multipliedworked

Oil                  114 bbl  × $ 70.36 =     $8,021
Casinghead gas         0 Mcf  × $  4.91 =         $0

────────────────────────────────────────────────────
Month total                                   $8,021

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/18602 is the state's own key, not one this site invented.