HORACE

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

Operated by WALSH & WATTS, INC. (P-5 895060) 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 20516District 08Field 35654664Hydrogen sulphide fieldNGPA filingOilCasinghead gasSave Export

Value, all time

$1.7 M

Jan 1993 – May 2016

Value, last 12 filed months

$9 k

at the published price for each month

Months reported

281

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.”

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	45,642 bbl	$1,453,330
Casinghead gas	Production	97,754 Mcf	$275,959
Total			$1,729,289

35,507 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 (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 32.0252, -102.7000. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

32.02521, -102.70003 · 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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

4,400 ft

2 wells filed one

Completion to plug

37.3 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

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

2100.0%

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 4,400 and 4,400 ft, median 4,400 ft, over the 2 wells that filed a depth.

Completions filed

Apr 1967 – Mar 1990

2 of 2 wells

Plug dates filed

Dec 2015 – Mar 2016

2 of 2 wells

Last completion to plug: a median of 37.3 years across the 2 wells that filed both dates, with the middle half between 31.7 years and 43.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-13520290	4	4,400 ft	Mar 1990	Mar 2016	Yes
42-13520289	3	4,400 ft	Apr 1967	Dec 2015	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 (281)

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

281 months


May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	48	0	32.36	2.00	$1,553
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	169	0	42.99	2.76	$7,265
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	175	0	89.39	4.04	$15,643
Jul 2014	1	0	96.56	4.18	$97
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	175	0	97.42	3.78	$17,049
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	176	0	104.25	3.52	$18,348
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	271	0	91.23	3.42	$24,723
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	175	0	86.77	3.42	$15,185
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	175	0	92.66	2.91	$16,216
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	176	0	101.65	2.00	$17,890
Mar 2012	0	17	105.05	2.22	$38
Feb 2012	0	21	101.10	2.57	$54
Jan 2012	176	0	98.09	2.73	$17,264
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	175	0	95.72	3.31	$16,751
Oct 2011	0	13	84.98	3.65	$47
Sep 2011	0	34	83.62	3.99	$136
Aug 2011	0	32	83.40	4.15	$133
Jul 2011	181	26	94.14	4.52	$17,157
Jun 2011	0	31	92.90	4.64	$144
May 2011	0	33	98.13	4.40	$145
Apr 2011	176	18	105.96	4.33	$18,727
Mar 2011	0	20	96.36	4.06	$81
Feb 2011	0	12	85.64	4.18	$50
Jan 2011	176	18	86.50	4.59	$15,307
Dec 2010	0	41	85.73	4.35	$178
Nov 2010	0	43	80.84	3.80	$163
Oct 2010	178	33	78.10	3.51	$14,018
Sep 2010	0	44	72.63	3.98	$175
Aug 2010	175	27	73.68	4.42	$13,013
Jul 2010	0	35	72.55	4.74	$166
Jun 2010	0	23	70.36	4.91	$113
May 2010	175	38	71.12	4.24	$12,607
Apr 2010	0	35	81.69	4.12	$144
Mar 2010	0	31	78.39	4.39	$136
Feb 2010	180	40	73.58	5.44	$13,462
Jan 2010	0	33	74.36	5.96	$197
Dec 2009	181	26	71.44	5.48	$13,073
Nov 2009	0	47	74.59	3.75	$176
Oct 2009	175	52	72.54	4.11	$12,908
Sep 2009	0	42	65.54	3.06	$129
Aug 2009	0	23	67.42	3.22	$74
Jul 2009	0	34	61.13	3.46	$118
Jun 2009	180	32	66.16	3.90	$12,033
May 2009	0	35	54.74	3.93	$137
Apr 2009	180	30	46.77	3.59	$8,526
Mar 2009	0	11	42.14	4.06	$45
Feb 2009	0	5	32.81	4.63	$23
Jan 2009	0	26	35.86	5.37	$140
Dec 2008	172	28	37.10	5.98	$6,549
Nov 2008	178	56	55.49	6.86	$10,261
Oct 2008	0	50	75.24	6.92	$346
Sep 2008	172	54	101.76	7.88	$17,928
Aug 2008	0	77	114.22	8.48	$653
Jul 2008	166	52	131.08	11.39	$22,352
Jun 2008	0	0	131.33	13.03	$0
May 2008	178	74	123.17	11.57	$22,781
Apr 2008	0	87	110.31	10.45	$910
Mar 2008	0	148	101.90	9.66	$1,430
Feb 2008	177	151	92.53	8.77	$17,702
Jan 2008	175	204	90.38	8.21	$17,490
Dec 2007	178	194	88.33	7.30	$17,139
Nov 2007	0	281	91.67	7.29	$2,049
Oct 2007	180	346	82.85	6.92	$17,308
Sep 2007	179	257	75.84	6.24	$15,180
Aug 2007	0	349	69.06	6.39	$2,229
Jul 2007	181	353	70.90	6.39	$15,088
Jun 2007	310	332	62.00	7.55	$21,726
May 2007	0	324	58.74	7.85	$2,542
Apr 2007	180	216	59.61	7.81	$12,416
Mar 2007	0	316	56.92	7.30	$2,307
Feb 2007	175	295	55.10	8.22	$12,066
Jan 2007	188	290	50.30	6.73	$11,407
Dec 2006	179	290	56.65	6.92	$12,147
Nov 2006	178	207	54.20	7.62	$11,224
Oct 2006	352	353	54.90	6.01	$21,448
Sep 2006	0	343	60.08	5.04	$1,728
Aug 2006	0	384	68.71	7.34	$2,819
Jul 2006	176	365	69.37	6.34	$14,524
Jun 2006	0	310	66.28	6.38	$1,979
May 2006	178	344	66.01	6.42	$13,960
Apr 2006	175	254	64.39	7.36	$13,138
Mar 2006	177	346	56.70	7.08	$12,487
Feb 2006	162	317	57.59	7.75	$11,787
Jan 2006	168	355	60.59	8.93	$13,350
Dec 2005	181	340	54.94	13.42	$14,505
Nov 2005	181	356	54.69	10.59	$13,668
Oct 2005	0	360	58.34	13.80	$4,966
Sep 2005	178	285	61.45	12.08	$14,381
Aug 2005	177	395	61.51	9.80	$14,757
Jul 2005	180	396	55.69	7.84	$13,130
Jun 2005	179	275	52.33	7.38	$11,397
May 2005	0	306	45.22	6.65	$2,035
Apr 2005	161	380	49.20	7.36	$10,718
Mar 2005	353	379	50.37	7.15	$20,492
Feb 2005	0	325	45.22	6.31	$2,051
Jan 2005	175	381	43.16	6.32	$9,962
Dec 2004	282	363	39.86	6.75	$13,691
Nov 2004	166	403	45.28	6.33	$10,068
Oct 2004	214	323	49.70	6.52	$12,740
Sep 2004	262	408	43.24	5.28	$13,485
Aug 2004	18	441	42.37	5.55	$3,211
Jul 2004	280	439	38.28	6.08	$13,389
Jun 2004	282	419	36.10	6.43	$12,876
May 2004	284	378	37.48	6.49	$13,099
Apr 2004	0	352	34.47	5.86	$2,062
Mar 2004	254	342	34.36	5.53	$10,619
Feb 2004	3	325	32.45	5.51	$1,888
Jan 2004	260	433	32.03	6.30	$11,056
Dec 2003	0	183	30.26	6.30	$1,153
Nov 2003	260	383	28.80	4.60	$9,248
Oct 2003	0	392	28.17	4.76	$1,866
Sep 2003	256	405	26.31	4.75	$8,659
Aug 2003	261	410	29.76	5.13	$9,871
Jul 2003	0	367	29.41	5.17	$1,898
Jun 2003	254	416	28.56	5.98	$9,743
May 2003	182	430	26.59	5.97	$7,408
Apr 2003	250	351	26.67	5.41	$8,565
Mar 2003	0	437	31.14	6.10	$2,664
Feb 2003	261	369	33.48	7.93	$11,663
Jan 2003	268	451	30.31	5.58	$10,641
Dec 2002	0	340	26.91	4.85	$1,650
Nov 2002	262	388	24.66	4.14	$8,066
Oct 2002	254	396	26.46	4.23	$8,396
Sep 2002	0	391	27.44	3.64	$1,421
Aug 2002	255	359	25.96	3.16	$7,756
Jul 2002	257	464	24.58	3.06	$7,738
Jun 2002	0	456	23.73	3.34	$1,522
May 2002	260	486	24.66	3.58	$8,153
Apr 2002	263	488	23.65	3.51	$7,934
Mar 2002	254	497	22.00	3.10	$7,130
Feb 2002	263	439	18.22	2.38	$5,835
Jan 2002	2	492	17.17	2.38	$1,203
Dec 2001	257	530	16.93	2.36	$5,604
Nov 2001	255	338	18.07	2.41	$5,421
Oct 2001	0	246	19.78	2.53	$622
Sep 2001	263	474	24.26	2.25	$7,448
Aug 2001	266	512	24.87	3.05	$8,179
Jul 2001	262	500	23.93	3.20	$7,868
Jun 2001	0	504	24.56	3.82	$1,927
May 2001	256	525	25.52	4.31	$8,794
Apr 2001	245	391	24.68	5.34	$8,133
Mar 2001	271	466	24.54	5.38	$9,156
Feb 2001	0	437	27.75	5.77	$2,520
Jan 2001	252	527	27.47	8.40	$11,349
Dec 2000	270	409	26.88	9.12	$10,989
Nov 2000	255	469	32.21	5.66	$10,867
Oct 2000	253	515	31.23	5.15	$10,551
Sep 2000	0	504	31.87	5.19	$2,614
Aug 2000	254	495	29.64	4.54	$9,776
Jul 2000	254	446	28.53	4.09	$9,071
Jun 2000	0	375	29.30	4.40	$1,649
May 2000	260	424	27.26	3.68	$8,648
Apr 2000	263	509	24.51	3.12	$8,032
Mar 2000	263	500	28.42	2.86	$8,904
Feb 2000	264	331	27.62	2.73	$8,194
Jan 2000	265	540	25.27	2.48	$8,036
Dec 1999	0	547	24.28	2.42	$1,326
Nov 1999	263	569	23.19	2.43	$7,484
Oct 1999	257	575	20.98	2.80	$7,004
Sep 1999	265	623	21.75	2.62	$7,395
Aug 1999	250	628	19.26	2.88	$6,621
Jul 1999	263	641	17.89	2.37	$6,226
Jun 1999	260	617	15.94	2.36	$5,602
May 1999	253	630	15.79	2.32	$5,457
Apr 1999	255	585	15.10	2.21	$5,142
Mar 1999	257	629	12.47	1.84	$4,361
Feb 1999	252	586	9.98	1.82	$3,580
Jan 1999	269	652	10.38	1.90	$4,031
Dec 1998	259	335	9.20	1.77	$2,977
Nov 1998	263	636	10.89	2.19	$4,254
Oct 1998	253	688	12.42	1.97	$4,497
Sep 1998	257	659	12.59	2.08	$4,608
Aug 1998	253	676	11.30	1.91	$4,148
Jul 1998	256	708	11.74	2.24	$4,589
Jun 1998	256	690	11.24	2.24	$4,421
May 1998	253	689	12.62	2.21	$4,713
Apr 1998	264	645	13.04	2.51	$5,059
Mar 1998	267	656	12.80	2.31	$4,933
Feb 1998	269	602	13.95	2.30	$5,137
Jan 1998	270	674	14.70	2.15	$5,421
Dec 1997	265	652	16.32	2.41	$5,897
Nov 1997	264	674	18.19	3.09	$6,884
Oct 1997	263	583	19.25	3.15	$6,899
Sep 1997	264	714	17.74	2.95	$6,793
Aug 1997	261	752	17.86	2.55	$6,583
Jul 1997	265	764	17.58	2.25	$6,375
Jun 1997	261	753	17.24	2.26	$6,199
May 1997	256	756	18.97	2.31	$6,602
Apr 1997	260	672	17.88	2.08	$6,048
Mar 1997	532	678	18.95	1.94	$11,396
Feb 1997	116	600	20.49	2.21	$3,700
Jan 1997	269	685	23.48	3.54	$8,741
Dec 1996	273	688	23.32	—	$6,366
Nov 1996	263	640	21.97	—	$5,778
Oct 1996	261	739	23.31	—	$6,084
Sep 1996	261	744	22.22	—	$5,799
Aug 1996	264	690	20.26	—	$5,349
Jul 1996	260	778	19.55	—	$5,083
Jun 1996	259	682	18.73	—	$4,851
May 1996	258	797	19.43	—	$5,013
Apr 1996	529	742	21.51	—	$11,379
Mar 1996	0	775	19.38	—	$0
Feb 1996	527	691	16.98	—	$8,948
Jan 1996	271	721	17.07	—	$4,626
Dec 1995	259	718	17.19	—	$4,452
Nov 1995	251	723	16.00	—	$4,016
Oct 1995	267	794	15.43	—	$4,120
Sep 1995	262	799	16.18	—	$4,239
Aug 1995	521	863	15.92	—	$8,294
Jul 1995	260	988	15.24	—	$3,962
Jun 1995	266	723	16.41	—	$4,365
May 1995	264	799	17.56	—	$4,636
Apr 1995	267	807	17.73	—	$4,734
Mar 1995	260	819	16.44	—	$4,274
Feb 1995	530	704	16.58	—	$8,787
Jan 1995	266	802	15.92	—	$4,235
Dec 1994	261	859	15.03	—	$3,923
Nov 1994	262	766	15.90	—	$4,166
Oct 1994	522	888	15.58	—	$8,133
Sep 1994	264	879	15.29	—	$4,037
Aug 1994	266	1,048	16.13	—	$4,291
Jul 1994	522	1,070	17.56	—	$9,166
Jun 1994	258	902	17.09	—	$4,409
May 1994	259	451	15.88	—	$4,113
Apr 1994	527	783	14.14	—	$7,452
Mar 1994	265	791	12.46	—	$3,302
Feb 1994	263	682	12.50	—	$3,288
Jan 1994	529	857	12.66	—	$6,697
Dec 1993	489	627	12.33	—	$6,029
Nov 1993	0	650	14.49	—	$0
Oct 1993	265	449	15.85	—	$4,200
Sep 1993	531	111	15.03	—	$7,981
Aug 1993	266	845	15.66	—	$4,166
Jul 1993	262	892	15.46	—	$4,051
Jun 1993	257	765	16.79	—	$4,315
May 1993	264	451	17.68	—	$4,668
Apr 1993	261	625	18.05	—	$4,711
Mar 1993	533	852	18.14	—	$9,669
Feb 1993	0	539	17.90	—	$0
Jan 1993	534	499	16.93	—	$9,041

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.

Dec 2015 — as filed, then multipliedworked

Oil                   48 bbl  × $ 32.36 =     $1,553
Casinghead gas         0 Mcf  × $  2.00 =         $0

────────────────────────────────────────────────────
Month total                                   $1,553

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/20516 is the state's own key, not one this site invented.