SETTLES, W. R.

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

Oil lease lease 19040District 08Field 42971332Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$1.7 M
Jan 1993 – Jan 2012
Value, last 12 filed months
$0
at the published price for each month
Months reported
229
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 131 leases and 850 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
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 10 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: 11/22/11.

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
NGPA3none

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
OilDisposition100,260 bbl$1,695,858
Casinghead gasProduction127 Mcf$174
Total$1,696,031

63 Mcf of this lease's gas, across 21 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 (7)

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 32.0952, -101.3645. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.09517, -101.36460 · 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%
7 of 7 wells
With a plug date
28.6%
2 of 7 wells
Median depth
3,000 ft
7 wells filed one
Completion to plug
26.5 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
7100.0%
A plug date is filed
228.6%
BothOn the schedule and plugged. Neither fact cancels the other.
228.6%
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 2,957 and 3,200 ft, median 3,000 ft, over the 7 wells that filed a depth.

Completions filed
Aug 1989 – Jul 2018
6 of 7 wells; 1 filed none
Plug dates filed
Nov 1983 – Feb 2016
2 of 7 wells; 5 filed none

Last completion to plug: a median of 26.5 years across the 1 well that filed both dates, with the middle half between 26.5 years and 26.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

7 wells

42-2270352752,973 ftNov 1983Yes
42-2270352532,957 ftJul 2018Yes
42-2270352422,982 ftJan 2015Yes
42-22733613193,080 ftJun 2009Yes
42-22733649203,053 ftJan 1997Yes
42-22733614183,200 ftNov 1991Yes
42-2271071914 L3,000 ftAug 1989Feb 2016Yes

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 (229)

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

229 months

Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20091066.163.90$66
May 200911054.743.93$602
Apr 20092046.773.59$94
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
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 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
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 200125027.755.77$694
Jan 2001228027.478.40$6,263
Dec 2000120026.889.12$3,226
Nov 2000216032.215.66$6,957
Oct 2000349031.235.15$10,899
Sep 2000330031.875.19$10,517
Aug 2000393029.644.54$11,649
Jul 2000338028.534.09$9,643
Jun 2000408029.304.40$11,954
May 2000420027.263.68$11,449
Apr 2000395024.513.12$9,681
Mar 2000445028.422.86$12,647
Feb 2000397027.622.73$10,965
Jan 2000459025.272.48$11,599
Dec 1999382024.282.42$9,275
Nov 1999374023.192.43$8,673
Oct 19994463320.982.80$9,450
Sep 19994063121.752.62$8,912
Aug 1999412019.262.88$7,935
Jul 1999435017.892.37$7,782
Jun 1999447015.942.36$7,125
May 1999807015.792.32$12,743
Apr 1999579015.102.21$8,743
Mar 1999497012.471.84$6,198
Feb 199963409.981.82$6,327
Jan 1999426010.381.90$4,422
Dec 199853409.201.77$4,913
Nov 1998695010.892.19$7,569
Oct 1998859012.421.97$10,669
Sep 1998902012.592.08$11,356
Aug 1998714011.301.91$8,068
Jul 1998719011.742.24$8,441
Jun 1998494011.242.24$5,553
May 1998608012.622.21$7,673
Apr 1998460013.042.51$5,998
Mar 1998445012.802.31$5,696
Feb 1998423013.952.30$5,901
Jan 1998375014.702.15$5,513
Dec 1997278016.322.41$4,537
Nov 1997238018.193.09$4,329
Oct 1997254019.253.15$4,890
Sep 1997421017.742.95$7,469
Aug 1997472017.862.55$8,430
Jul 1997416017.582.25$7,313
Jun 1997450017.242.26$7,758
May 1997365018.972.31$6,924
Apr 1997396017.882.08$7,080
Mar 1997450018.951.94$8,528
Feb 1997489020.492.21$10,020
Jan 1997522023.483.54$12,257
Dec 1996845023.32$19,705
Nov 1996775021.97$17,027
Oct 19961,169023.31$27,249
Sep 19961,462022.22$32,486
Aug 19961,189020.26$24,089
Jul 19961,133019.55$22,150
Jun 19961,182018.73$22,139
May 19961,324019.43$25,725
Apr 19961,105021.51$23,769
Mar 19961,215019.38$23,547
Feb 19961,173016.98$19,918
Jan 19961,091017.07$18,623
Dec 19951,127017.19$19,373
Nov 1995978016.00$15,648
Oct 1995986015.43$15,214
Sep 1995941016.18$15,225
Aug 1995953015.92$15,172
Jul 1995925015.24$14,097
Jun 1995881016.41$14,457
May 19951,042017.56$18,298
Apr 19951,036017.73$18,368
Mar 19951,603016.44$26,353
Feb 19951,492016.58$24,737
Jan 19951,599015.92$25,456
Dec 19941,530015.03$22,996
Nov 19941,549015.90$24,629
Oct 19941,641015.58$25,567
Sep 19941,666315.29$25,473
Aug 19941,872316.13$30,195
Jul 19941,778317.56$31,222
Jun 19941,686317.09$28,814
May 19941,421315.88$22,565
Apr 19941,634314.14$23,105
Mar 19941,785312.46$22,241
Feb 19941,955312.50$24,438
Jan 19942,201312.66$27,865
Dec 19932,332312.33$28,754
Nov 19932,464314.49$35,703
Oct 19932,686315.85$42,573
Sep 19932,510315.03$37,725
Aug 19932,949315.66$46,181
Jul 19932,694315.46$41,649
Jun 19932,698316.79$45,299
May 19932,997317.68$52,987
Apr 19932,629318.05$47,453
Mar 19932,705318.14$49,069
Feb 19931,663317.90$29,768
Jan 19931,628316.93$27,562

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 2009 — as filed, then multipliedworked
Oil                    1 bbl  × $ 66.16 =        $66
Casinghead gas         0 Mcf  × $  3.90 =         $0

────────────────────────────────────────────────────
Month total                                      $66

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/19040 is the state's own key, not one this site invented.