PRICE, R. M., -B-

Operated by H & O OPERATING CO. INC. (P-5 341516) in the CROSSETT, S. (DETRITAL) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 21747District 08Field 21912333Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$268 k
Jan 1993 – Jan 2001
Value, last 12 filed months
$24 k
at the published price for each month
Months reported
97
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 33 leases and 280 wells, and the rule below applies to all of them.

Discovered
1965-06-01
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,100 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1977-05-01.

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: AOF-1 AND AOF-2 EFFECTIVE 09/01/2000.

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
OilDisposition12,735 bbl$224,858
Casinghead gasProduction84,510 Mcf$43,368
Total$268,225

66,842 Mcf of this lease's gas, across 47 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 31.0305, -102.2448. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.02988, -102.24529 · 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%
3 of 3 wells
With a plug date
33.3%
1 of 3 wells
Median depth
5,300 ft
3 wells filed one
Completion to plug
36.9 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
3100.0%
A plug date is filed
133.3%
BothOn the schedule and plugged. Neither fact cancels the other.
133.3%
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 5,210 and 5,350 ft, median 5,300 ft, over the 3 wells that filed a depth.

Completions filed
Dec 1963 – Oct 1999
2 of 3 wells; 1 filed none
Plug dates filed
Nov 2000
1 of 3 wells; 2 filed none

Last completion to plug: a median of 36.9 years across the 1 well that filed both dates, with the middle half between 36.9 years and 36.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-3710492215,300 ftYes
42-3713629955,210 ftOct 1999Yes
42-3711003825,350 ftDec 1963Nov 2000Yes

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 (97)

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

97 months

Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 200087024.513.12$2,132
Mar 20001751,53428.422.86$9,360
Feb 20003181,47627.622.73$12,807
Jan 200016893525.272.48$6,565
Dec 19993191,00724.282.42$10,186
Nov 199949496523.192.43$13,805
Oct 199915533420.982.80$4,188
Sep 1999012021.752.62$314
Aug 1999025419.262.88$730
Jul 1999026317.892.37$624
Jun 1999027115.942.36$640
May 1999029715.792.32$689
Apr 1999030815.102.21$680
Mar 1999029412.471.84$540
Feb 19991823139.981.82$2,385
Jan 1999036610.381.90$695
Dec 19980949.201.77$167
Nov 1998011410.892.19$249
Oct 1998032512.421.97$640
Sep 1998026812.592.08$558
Aug 199853036911.301.91$6,693
Jul 1998021111.742.24$472
Jun 1998030911.242.24$691
May 1998037512.622.21$827
Apr 1998033613.042.51$842
Mar 1998041612.802.31$961
Feb 1998039113.952.30$899
Jan 1998042114.702.15$907
Dec 1997033016.322.41$796
Nov 1997031318.193.09$967
Oct 199717218719.253.15$3,900
Sep 199702217.742.95$65
Aug 199706817.862.55$174
Jul 1997043517.582.25$977
Jun 1997074417.242.26$1,679
May 199715372018.972.31$4,565
Apr 199715074817.882.08$4,240
Mar 199717816818.951.94$3,699
Feb 199718762120.492.21$5,201
Jan 199737194623.483.54$12,060
Dec 1996084523.32$0
Nov 1996083421.97$0
Oct 199601,29123.31$0
Sep 19961781,26822.22$3,955
Aug 199601,33720.26$0
Jul 19963531,43519.55$6,901
Jun 199601,36118.73$0
May 199601,46419.43$0
Apr 19961841,37221.51$3,958
Mar 199601,21919.38$0
Feb 19962351,15116.98$3,990
Jan 199601,26417.07$0
Dec 199537896117.19$6,498
Nov 199501,24216.00$0
Oct 19953651,32015.43$5,632
Sep 199501,35216.18$0
Aug 199501,28815.92$0
Jul 19954551,27115.24$6,934
Jun 199501,27416.41$0
May 19950017.56$0
Apr 199501,30417.73$0
Mar 19954571,44916.44$7,513
Feb 199501,52016.58$0
Jan 199501,63215.92$0
Dec 19944321,69515.03$6,493
Nov 199401,82015.90$0
Oct 19944561,87715.58$7,104
Sep 199401,95015.29$0
Aug 19944271,96216.13$6,888
Jul 199402,25617.56$0
Jun 19944411,97617.09$7,537
May 199401,68515.88$0
Apr 19943041,56214.14$4,299
Mar 199401,63212.46$0
Feb 19942361,74312.50$2,950
Jan 199462,41712.66$76
Dec 19934511,75312.33$5,561
Nov 19932341,19214.49$3,391
Oct 19932351,34115.85$3,725
Sep 19932401,38415.03$3,607
Aug 19932411,14015.66$3,774
Jul 19932561,26315.46$3,958
Jun 199321646216.79$3,627
May 19931931,21117.68$3,412
Apr 199357489918.05$10,361
Mar 19935951,67918.14$10,793
Feb 199358489217.90$10,454
Jan 19933701,59716.93$6,264

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.

Apr 2000 — as filed, then multipliedworked
Oil                   87 bbl  × $ 24.51 =     $2,132
Casinghead gas         0 Mcf  × $  3.12 =         $0

────────────────────────────────────────────────────
Month total                                   $2,132

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/21747 is the state's own key, not one this site invented.