WARD, M. B.

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

Operated by GRUY PETROLEUM MANAGEMENT CO. (P-5 337106) in the KEYSTONE (SAN ANDRES) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 23491District 08Field 49129594Hydrogen sulphide fieldNGPA filingOilCasinghead gasSave Export

Value, all time

$1.1 M

Jan 1993 – Apr 2002

Value, last 12 filed months

$96 k

at the published price for each month

Months reported

112

no gaps in the span

Streams

oil, casinghead gas

The KEYSTONE (SAN ANDRES) 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 65 leases and 165 wells, and the rule below applies to all of them.

Discovered

1960-07-05

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 20 acres. The field rule took effect on 1994-10-31.

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: “4. ALLOCATION BASED ON 100% ACREAGE.”

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	48,874 bbl	$889,943
Casinghead gas	Production	119,058 Mcf	$253,142
Total			$1,143,085

46,235 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 31.9293, -102.9892. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

31.92891, -102.98889 · 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%

5 of 5 wells

With a plug date

60.0%

3 of 5 wells

Median depth

4,880 ft

5 wells filed one

Completion to plug

22.3 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 4,857 and 5,400 ft, median 4,880 ft, over the 5 wells that filed a depth.

Completions filed

Feb 1975 – Aug 2002

5 of 5 wells

Plug dates filed

Dec 2007 – Dec 2024

3 of 5 wells; 2 filed none

Last completion to plug: a median of 22.3 years across the 3 wells that filed both dates, with the middle half between 13.8 years and 33.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells


42-49530342	2	5,400 ft	Aug 2002	Dec 2007	Yes
42-49530382	4	5,400 ft	Aug 2002	Dec 2024	Yes
42-49530522	5	4,866 ft	Jul 1977	—	Yes
42-49530356	3	4,857 ft	Sep 1975	—	Yes
42-49530303	1	4,880 ft	Feb 1975	Nov 2018	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 (112)

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

112 months


Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	617	1,184	16.93	2.36	$13,245
Nov 2001	383	1,168	18.07	2.41	$9,730
Oct 2001	522	1,169	19.78	2.53	$13,281
Sep 2001	422	1,113	24.26	2.25	$12,743
Aug 2001	407	1,000	24.87	3.05	$13,175
Jul 2001	328	1,188	23.93	3.20	$11,647
Jun 2001	281	987	24.56	3.82	$10,676
May 2001	293	821	25.52	4.31	$11,014
Apr 2001	297	1,351	24.68	5.34	$14,538
Mar 2001	354	2,147	24.54	5.38	$20,230
Feb 2001	320	1,717	27.75	5.77	$18,782
Jan 2001	411	1,624	27.47	8.40	$24,930
Dec 2000	802	1,861	26.88	9.12	$38,535
Nov 2000	367	1,783	32.21	5.66	$21,909
Oct 2000	390	1,997	31.23	5.15	$22,455
Sep 2000	337	1,625	31.87	5.19	$19,168
Aug 2000	290	1,904	29.64	4.54	$17,241
Jul 2000	307	1,907	28.53	4.09	$16,558
Jun 2000	342	1,946	29.30	4.40	$18,578
May 2000	488	2,722	27.26	3.68	$23,319
Apr 2000	493	3,124	24.51	3.12	$21,818
Mar 2000	172	2,860	28.42	2.86	$13,067
Feb 2000	180	1,824	27.62	2.73	$9,945
Jan 2000	246	373	25.27	2.48	$7,142
Dec 1999	198	348	24.28	2.42	$5,651
Nov 1999	243	377	23.19	2.43	$6,553
Oct 1999	242	183	20.98	2.80	$5,590
Sep 1999	331	582	21.75	2.62	$8,723
Aug 1999	367	791	19.26	2.88	$9,343
Jul 1999	179	660	17.89	2.37	$4,768
Jun 1999	332	593	15.94	2.36	$6,693
May 1999	339	558	15.79	2.32	$6,648
Apr 1999	381	570	15.10	2.21	$7,012
Mar 1999	189	637	12.47	1.84	$3,528
Feb 1999	349	553	9.98	1.82	$4,488
Jan 1999	344	485	10.38	1.90	$4,492
Dec 1998	360	559	9.20	1.77	$4,303
Nov 1998	339	596	10.89	2.19	$4,994
Oct 1998	351	620	12.42	1.97	$5,580
Sep 1998	342	506	12.59	2.08	$5,360
Aug 1998	493	665	11.30	1.91	$6,839
Jul 1998	346	1,434	11.74	2.24	$7,270
Jun 1998	338	1,499	11.24	2.24	$7,153
May 1998	493	1,284	12.62	2.21	$9,055
Apr 1998	326	1,240	13.04	2.51	$7,358
Mar 1998	419	1,322	12.80	2.31	$8,416
Feb 1998	346	994	13.95	2.30	$7,112
Jan 1998	511	2,145	14.70	2.15	$12,134
Dec 1997	353	1,621	16.32	2.41	$9,669
Nov 1997	505	1,661	18.19	3.09	$14,316
Oct 1997	516	2,244	19.25	3.15	$17,001
Sep 1997	519	1,900	17.74	2.95	$14,821
Aug 1997	511	2,008	17.86	2.55	$14,256
Jul 1997	514	950	17.58	2.25	$11,171
Jun 1997	338	718	17.24	2.26	$7,448
May 1997	511	761	18.97	2.31	$11,450
Apr 1997	346	688	17.88	2.08	$7,619
Mar 1997	630	679	18.95	1.94	$13,255
Feb 1997	329	460	20.49	2.21	$7,756
Jan 1997	331	537	23.48	3.54	$9,673
Dec 1996	466	694	23.32	—	$10,867
Nov 1996	513	695	21.97	—	$11,271
Oct 1996	463	1,213	23.31	—	$10,793
Sep 1996	473	920	22.22	—	$10,510
Aug 1996	587	655	20.26	—	$11,893
Jul 1996	512	703	19.55	—	$10,010
Jun 1996	297	642	18.73	—	$5,563
May 1996	490	658	19.43	—	$9,521
Apr 1996	460	614	21.51	—	$9,895
Mar 1996	468	621	19.38	—	$9,070
Feb 1996	707	1,003	16.98	—	$12,005
Jan 1996	534	726	17.07	—	$9,115
Dec 1995	213	1,112	17.19	—	$3,661
Nov 1995	507	1,434	16.00	—	$8,112
Oct 1995	743	1,269	15.43	—	$11,464
Sep 1995	327	825	16.18	—	$5,291
Aug 1995	501	820	15.92	—	$7,976
Jul 1995	624	1,117	15.24	—	$9,510
Jun 1995	436	812	16.41	—	$7,155
May 1995	602	1,075	17.56	—	$10,571
Apr 1995	583	709	17.73	—	$10,337
Mar 1995	488	843	16.44	—	$8,023
Feb 1995	466	1,062	16.58	—	$7,726
Jan 1995	510	1,295	15.92	—	$8,119
Dec 1994	594	1,406	15.03	—	$8,928
Nov 1994	606	1,336	15.90	—	$9,635
Oct 1994	603	1,277	15.58	—	$9,395
Sep 1994	547	1,237	15.29	—	$8,364
Aug 1994	580	1,297	16.13	—	$9,355
Jul 1994	569	1,622	17.56	—	$9,992
Jun 1994	563	1,209	17.09	—	$9,622
May 1994	958	1,302	15.88	—	$15,213
Apr 1994	399	500	14.14	—	$5,642
Mar 1994	462	1,044	12.46	—	$5,757
Feb 1994	905	860	12.50	—	$11,313
Jan 1994	311	994	12.66	—	$3,937
Dec 1993	635	1,317	12.33	—	$7,830
Nov 1993	605	1,067	14.49	—	$8,766
Oct 1993	613	907	15.85	—	$9,716
Sep 1993	621	1,077	15.03	—	$9,334
Aug 1993	546	972	15.66	—	$8,550
Jul 1993	625	1,142	15.46	—	$9,663
Jun 1993	614	1,054	16.79	—	$10,309
May 1993	623	1,331	17.68	—	$11,015
Apr 1993	565	870	18.05	—	$10,198
Mar 1993	597	736	18.14	—	$10,830
Feb 1993	537	106	17.90	—	$9,612
Jan 1993	616	55	16.93	—	$10,429

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 2001 — as filed, then multipliedworked

Oil                  617 bbl  × $ 16.93 =    $10,446
Casinghead gas     1,184 Mcf  × $  2.36 =     $2,799

────────────────────────────────────────────────────
Month total                                  $13,245

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/23491 is the state's own key, not one this site invented.