READ, H. N. -D-

Operated by QUANTUM RESOURCES MANAGEMENT,LLC (P-5 684554) in the COAHOMA, N. (FUSSEL) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 21270District 08Field 19113750Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$598 k
Jan 1993 – May 2009
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
197
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 39 leases and 69 wells, and the rule below applies to all of them.

Discovered
1969-05-12
as the register files it
Field class
Oil and gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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.

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
OilDisposition9,512 bbl$218,769
Casinghead gasProduction198,834 Mcf$379,050
Total$597,819

111,472 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 (1)

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 32.3732, -101.2752. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.37323, -101.27516 · 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%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
8,843 ft
1 wells filed one
Completion to plug
50.0 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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

The one well that filed a depth was drilled to 8,843 ft.

Completions filed
Jul 1969
1 of 1 wells
Plug dates filed
Jul 2019
1 of 1 wells

Last completion to plug: a median of 50.0 years across the 1 well that filed both dates, with the middle half between 50.0 years and 50.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-2273006618,843 ftJul 1969Jul 2019Yes

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 (197)

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

197 months

May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 200869037.105.98$2,560
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 2006012066.286.38$766
May 2006011966.016.42$765
Apr 2006014464.397.36$1,060
Mar 2006021356.707.08$1,509
Feb 2006010857.597.75$837
Jan 2006023860.598.93$2,126
Dec 2005035854.9413.42$4,803
Nov 2005037354.6910.59$3,949
Oct 200517050658.3413.80$16,898
Sep 2005050561.4512.08$6,100
Aug 2005056861.519.80$5,565
Jul 2005046255.697.84$3,624
Jun 2005057652.337.38$4,251
May 2005077045.226.65$5,121
Apr 200517881249.207.36$14,734
Mar 2005069050.377.15$4,937
Feb 2005077445.226.31$4,885
Jan 2005091543.166.32$5,785
Dec 200415691539.866.75$12,395
Nov 2004088345.286.33$5,590
Oct 20041861,06949.706.52$16,209
Sep 2004095543.245.28$5,046
Aug 200401,02942.375.55$5,712
Jul 20041691,14038.286.08$13,405
Jun 2004080036.106.43$5,146
May 2004087537.486.49$5,683
Apr 200401,06734.475.86$6,251
Mar 20041591,12634.365.53$11,690
Feb 20041761,01432.455.51$11,298
Jan 2004090032.036.30$5,670
Dec 200301,01430.266.30$6,390
Nov 20031391,09428.804.60$9,030
Oct 200301,14128.174.76$5,431
Sep 20031061,17226.314.75$8,355
Aug 20031841,23929.765.13$11,832
Jul 20031811,25429.415.17$11,807
Jun 200301,10128.565.98$6,587
May 200301,05226.595.97$6,283
Apr 20031751,25726.675.41$11,464
Mar 200301,34131.146.10$8,175
Feb 200301,14633.487.93$9,083
Jan 20031981,34530.315.58$13,509
Dec 200201,53526.914.85$7,451
Nov 200201,67024.664.14$6,909
Oct 20022001,77326.464.23$12,790
Sep 200201,79327.443.64$6,518
Aug 20021811,99025.963.16$10,995
Jul 200202,13924.583.06$6,549
Jun 20021792,03123.733.34$11,028
May 20021771,52724.663.58$9,838
Apr 2002083023.653.51$2,915
Mar 2002071422.003.10$2,215
Feb 2002066818.222.38$1,587
Jan 2002072817.172.38$1,730
Dec 200117478716.932.36$4,807
Nov 2001072018.072.41$1,732
Oct 2001077319.782.53$1,955
Sep 200117066724.262.25$5,626
Aug 2001026524.873.05$809
Jul 2001060523.933.20$1,934
Jun 2001021324.563.82$815
May 2001024325.524.31$1,047
Apr 200115627524.685.34$5,317
Mar 2001031924.545.38$1,715
Feb 2001036927.755.77$2,128
Jan 2001024227.478.40$2,033
Dec 200018123326.889.12$6,991
Nov 2000016832.215.66$951
Oct 2000021731.235.15$1,117
Sep 2000016131.875.19$835
Aug 2000017729.644.54$804
Jul 2000019528.534.09$798
Jun 2000023529.304.40$1,033
May 200017424727.263.68$5,652
Apr 2000023624.513.12$735
Mar 2000022828.422.86$652
Feb 2000022227.622.73$605
Jan 2000019025.272.48$471
Dec 199918212424.282.42$4,720
Nov 1999014323.192.43$348
Oct 1999015320.982.80$429
Sep 1999017121.752.62$448
Aug 1999012119.262.88$348
Jul 1999011217.892.37$266
Jun 1999019315.942.36$456
May 1999018015.792.32$418
Apr 19991929315.102.21$934
Mar 1999033712.471.84$620
Feb 199903549.981.82$644
Jan 1999039810.381.90$756
Dec 199804229.201.77$748
Nov 1998041810.892.19$914
Oct 1998141812.421.97$836
Sep 1998043212.592.08$900
Aug 1998146911.301.91$906
Jul 1998167011.742.24$1,511
Jun 1998170411.242.24$1,586
May 1998176512.622.21$1,700
Apr 1998078813.042.51$1,974
Mar 199814686612.802.31$3,869
Feb 1998054413.952.30$1,251
Jan 1998099914.702.15$2,153
Dec 199701,36416.322.41$3,289
Nov 19971791,36018.193.09$7,456
Oct 199711,43819.253.15$4,549
Sep 19971801,46217.742.95$7,513
Aug 199701,56017.862.55$3,985
Jul 199701,62617.582.25$3,654
Jun 19973631,62217.242.26$9,919
May 199701,69418.972.31$3,911
Apr 199711,26417.882.08$2,651
Mar 199701,47918.951.94$2,868
Feb 199701,40120.492.21$3,090
Jan 199701,45323.483.54$5,143
Dec 19961571,58523.32$3,661
Nov 199601,61921.97$0
Oct 199611,72623.31$23
Sep 19962011,74922.22$4,466
Aug 199601,82320.26$0
Jul 19961501,78719.55$2,933
Jun 199601,71018.73$0
May 199611,71219.43$19
Apr 19961041,61421.51$2,237
Mar 19961791,59519.38$3,469
Feb 199621,33516.98$34
Jan 199601,43817.07$0
Dec 19951802,18917.19$3,094
Nov 19951862,24016.00$2,976
Oct 199532,26515.43$46
Sep 19951672,25116.18$2,702
Aug 199502,40315.92$0
Jul 19951832,39215.24$2,789
Jun 199532,35316.41$49
May 19953612,52617.56$6,339
Apr 199562,46517.73$106
Mar 199502,47016.44$0
Feb 19951812,27316.58$3,001
Jan 199502,44015.92$0
Dec 19941882,56215.03$2,826
Nov 19941862,57915.90$2,957
Oct 199422,69815.58$31
Sep 19941792,47115.29$2,737
Aug 199402,66316.13$0
Jul 19941782,65917.56$3,126
Jun 19941802,66517.09$3,076
May 199432,74715.88$48
Apr 19941842,51214.14$2,602
Mar 19941912,17512.46$2,380
Feb 199402,13312.50$0
Jan 199402,53512.66$0
Dec 19931941,96812.33$2,392
Nov 199332,40014.49$43
Oct 19931792,63715.85$2,837
Sep 199302,60015.03$0
Aug 19933363,17215.66$5,262
Jul 199303,35115.46$0
Jun 199303,14016.79$0
May 199302,46117.68$0
Apr 199311,85518.05$18
Mar 19933483,17318.14$6,313
Feb 199303,06817.90$0
Jan 19931813,28816.93$3,064

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 2008 — as filed, then multipliedworked
Oil                   69 bbl  × $ 37.10 =     $2,560
Casinghead gas         0 Mcf  × $  5.98 =         $0

────────────────────────────────────────────────────
Month total                                   $2,560

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/21270 is the state's own key, not one this site invented.