MC ENTIRE -A-

Operated by DEVON ENERGY PRODUCTION CO, L.P. (P-5 216378) in the CREDO, E. (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 21296District 08Field 21598333Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$301 k
Jan 1993 – Dec 2002
Value, last 12 filed months
$0
at the published price for each month
Months reported
120
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 4 leases and 8 wells, and the rule below applies to all of them.

Discovered
1969-08-25
as the register files it
Field class
Oil
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 160 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.

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
NGPA1none

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
OilDisposition5,703 bbl$96,920
Casinghead gasProduction195,748 Mcf$204,148
Total$301,068

123,004 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 31.9394, -101.1888. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

31.93897, -101.18827 · 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%
5 of 5 wells
With a plug date
60.0%
3 of 5 wells
Median depth
7,198 ft
5 wells filed one
Completion to plug
16.8 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
5100.0%
A plug date is filed
360.0%
BothOn the schedule and plugged. Neither fact cancels the other.
360.0%
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 7,175 and 7,250 ft, median 7,198 ft, over the 5 wells that filed a depth.

Completions filed
Aug 1969 – Dec 1985
4 of 5 wells; 1 filed none
Plug dates filed
May 1984 – Sep 2002
3 of 5 wells; 2 filed none

Last completion to plug: a median of 16.8 years across the 3 wells that filed both dates, with the middle half between 12.3 years and 24.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells

42-4313002447,175 ftYes
42-4313174057,250 ftDec 1985Sep 2002Yes
42-4313002127,180 ftAug 1976May 1984Yes
42-4313002037,198 ftOct 1969Yes
42-4313001817,228 ftAug 1969Sep 2002Yes

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 (120)

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

120 months

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 200101,13323.933.20$3,622
Jun 20011761,60524.563.82$10,460
May 200101,91825.524.31$8,261
Apr 200102,09624.685.34$11,183
Mar 200102,79624.545.38$15,033
Feb 20011743,20027.755.77$23,283
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 200022032.215.66$709
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 200001128.534.09$45
Jun 200005129.304.40$224
May 200003727.263.68$136
Apr 20000724.513.12$22
Mar 2000021528.422.86$615
Feb 2000045027.622.73$1,227
Jan 2000221,23425.272.48$3,617
Dec 199901,43024.282.42$3,466
Nov 19991761,54423.192.43$7,840
Oct 199971,46620.982.80$4,257
Sep 199971,30621.752.62$3,572
Aug 199901,39819.262.88$4,020
Jul 199901,38317.892.37$3,281
Jun 199971,33015.942.36$3,253
May 1999181,53715.792.32$3,852
Apr 199991,68715.102.21$3,861
Mar 19991911,65512.471.84$5,424
Feb 1999151,5729.981.82$3,007
Jan 199901,74410.381.90$3,314
Dec 19981831,6359.201.77$4,583
Nov 199851,69710.892.19$3,764
Oct 199851,81512.421.97$3,636
Sep 199821,70812.592.08$3,582
Aug 19981811,58311.301.91$5,065
Jul 199871,54211.742.24$3,532
Jun 199821,73811.242.24$3,911
May 199821,84112.622.21$4,087
Apr 19981971,79113.042.51$7,056
Mar 199811,51912.802.31$3,521
Feb 19981891,41213.952.30$5,883
Jan 199821,63714.702.15$3,557
Dec 19971921,67216.322.41$7,165
Nov 19971871,87218.193.09$9,183
Oct 19971862,05119.253.15$10,041
Sep 199722,29117.742.95$6,805
Aug 1997233117.862.55$881
Jul 19971951,21017.582.25$6,147
Jun 199721,89217.242.26$4,305
May 199731,75718.972.31$4,113
Apr 199731,67617.882.08$3,544
Mar 19972022,64018.951.94$8,947
Feb 199731,01520.492.21$2,300
Jan 199761,61423.483.54$5,854
Dec 199612,27223.32$23
Nov 199622,40921.97$44
Oct 19961672,53423.31$3,893
Sep 199622,40922.22$44
Aug 199622,02920.26$41
Jul 19961971,83319.55$3,851
Jun 199621,92118.73$37
May 199621,85719.43$39
Apr 199621,87721.51$43
Mar 199622,01219.38$39
Feb 19961921,92416.98$3,260
Jan 199602,23017.07$0
Dec 19951982,01917.19$3,404
Nov 199502,18916.00$0
Oct 199522,17015.43$31
Sep 199522,14316.18$32
Aug 19951592,03515.92$2,531
Jul 199511,99115.24$15
Jun 199502,19916.41$0
May 19952902,51617.56$5,092
Apr 199502,30617.73$0
Mar 199522,29116.44$33
Feb 199502,00416.58$0
Jan 199502,31215.92$0
Dec 19942522,38915.03$3,788
Nov 199412,54315.90$16
Oct 19943302,71815.58$5,141
Sep 199402,52515.29$0
Aug 199412,62416.13$16
Jul 19943512,67517.56$6,164
Jun 199402,77517.09$0
May 199402,86415.88$0
Apr 199402,77814.14$0
Mar 199403,02412.46$0
Feb 19943792,70612.50$4,738
Jan 199403,08912.66$0
Dec 199303,18512.33$0
Nov 199303,04414.49$0
Oct 199302,95515.85$0
Sep 199313,36415.03$15
Aug 199323,26715.66$31
Jul 19932963,09515.46$4,576
Jun 199343,30616.79$67
May 199303,37817.68$0
Apr 19932763,39918.05$4,982
Mar 199303,19718.14$0
Feb 199323,04817.90$36
Jan 199303,57416.93$0

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.

Jul 2001 — as filed, then multipliedworked
Oil                    0 bbl  × $ 23.93 =         $0
Casinghead gas     1,133 Mcf  × $  3.20 =     $3,622

────────────────────────────────────────────────────
Month total                                   $3,622

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/21296 is the state's own key, not one this site invented.