STERLING "L" FEE

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

Operated by CHEVRON U. S. A. INC. (P-5 148113) in the CONGER (PENN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 24812District 08Field 20097700NGPA filingOilCasinghead gasSave Export

Value, all time

$1.0 M

Jan 1993 – Aug 2010

Value, last 12 filed months

$8 k

at the published price for each month

Months reported

212

no gaps in the span

Streams

oil, casinghead gas

The CONGER (PENN) 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 1,011 leases and 1,988 wells, and the rule below applies to all of them.

Discovered

1978-01-01

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1985-04-29.

The Commission's schedule remark for this field reads: “OPTIONAL 40ACRE UNIT DIAG. 2100 PER #8-84810”

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	6	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	34,682 bbl	$611,944
Casinghead gas	Production	697,976 Mcf	$435,871
Total			$1,047,814

601,129 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 (7)

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 31.7733, -101.1679. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.0 miles.

31.77264, -101.16671 · 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%

7 of 7 wells

With a plug date

14.3%

1 of 7 wells

Median depth

8,040 ft

7 wells filed one

Completion to plug

7.3 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

7100.0%

A plug date is filed

114.3%

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

114.3%

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 7,930 and 8,150 ft, median 8,040 ft, over the 7 wells that filed a depth.

Completions filed

Sep 1992 – Feb 2007

7 of 7 wells

Plug dates filed

Jun 2014

1 of 7 wells; 6 filed none

Last completion to plug: a median of 7.3 years across the 1 well that filed both dates, with the middle half between 7.3 years and 7.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

7 wells


42-43130320	1	7,985 ft	Feb 2007	Jun 2014	Yes
42-43132649	7	7,930 ft	Jul 1993	—	Yes
42-43132504	6	8,030 ft	Nov 1992	—	Yes
42-43132506	4	8,060 ft	Nov 1992	—	Yes
42-43132501	3	8,090 ft	Oct 1992	—	Yes
42-43132505	5	8,040 ft	Oct 1992	—	Yes
42-43132502	2	8,150 ft	Sep 1992	—	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 (212)

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

212 months


Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	231	81.69	4.12	$952
Mar 2010	0	217	78.39	4.39	$952
Feb 2010	0	196	73.58	5.44	$1,067
Jan 2010	0	260	74.36	5.96	$1,551
Dec 2009	0	227	71.44	5.48	$1,245
Nov 2009	0	241	74.59	3.75	$904
Oct 2009	0	149	72.54	4.11	$612
Sep 2009	0	193	65.54	3.06	$592
Aug 2009	0	240	67.42	3.22	$772
Jul 2009	0	218	61.13	3.46	$755
Jun 2009	0	173	66.16	3.90	$674
May 2009	0	205	54.74	3.93	$805
Apr 2009	0	213	46.77	3.59	$764
Mar 2009	0	260	42.14	4.06	$1,055
Feb 2009	0	176	32.81	4.63	$815
Jan 2009	0	192	35.86	5.37	$1,031
Dec 2008	0	199	37.10	5.98	$1,189
Nov 2008	0	226	55.49	6.86	$1,550
Oct 2008	1	201	75.24	6.92	$1,467
Sep 2008	1	203	101.76	7.88	$1,701
Aug 2008	0	370	114.22	8.48	$3,139
Jul 2008	0	297	131.08	11.39	$3,383
Jun 2008	0	228	131.33	13.03	$2,971
May 2008	0	298	123.17	11.57	$3,449
Apr 2008	7	417	110.31	10.45	$5,132
Mar 2008	17	273	101.90	9.66	$4,371
Feb 2008	2	321	92.53	8.77	$3,000
Jan 2008	4	429	90.38	8.21	$3,882
Dec 2007	4	379	88.33	7.30	$3,121
Nov 2007	3	369	91.67	7.29	$2,966
Oct 2007	4	424	82.85	6.92	$3,266
Sep 2007	6	410	75.84	6.24	$3,015
Aug 2007	30	493	69.06	6.39	$5,221
Jul 2007	17	497	70.90	6.39	$4,380
Jun 2007	12	477	62.00	7.55	$4,345
May 2007	1	430	58.74	7.85	$3,433
Apr 2007	5	358	59.61	7.81	$3,092
Mar 2007	4	267	56.92	7.30	$2,177
Feb 2007	3	429	55.10	8.22	$3,690
Jan 2007	2	628	50.30	6.73	$4,325
Dec 2006	7	705	56.65	6.92	$5,274
Nov 2006	3	655	54.20	7.62	$5,152
Oct 2006	0	435	54.90	6.01	$2,616
Sep 2006	5	411	60.08	5.04	$2,371
Aug 2006	34	574	68.71	7.34	$6,549
Jul 2006	22	417	69.37	6.34	$4,171
Jun 2006	10	380	66.28	6.38	$3,089
May 2006	12	438	66.01	6.42	$3,606
Apr 2006	13	396	64.39	7.36	$3,752
Mar 2006	14	409	56.70	7.08	$3,691
Feb 2006	13	382	57.59	7.75	$3,710
Jan 2006	13	404	60.59	8.93	$4,397
Dec 2005	15	412	54.94	13.42	$6,351
Nov 2005	12	396	54.69	10.59	$4,849
Oct 2005	16	337	58.34	13.80	$5,583
Sep 2005	16	325	61.45	12.08	$4,909
Aug 2005	15	384	61.51	9.80	$4,685
Jul 2005	25	393	55.69	7.84	$4,475
Jun 2005	17	403	52.33	7.38	$3,864
May 2005	26	431	45.22	6.65	$4,042
Apr 2005	32	439	49.20	7.36	$4,806
Mar 2005	29	942	50.37	7.15	$8,201
Feb 2005	24	519	45.22	6.31	$4,361
Jan 2005	21	591	43.16	6.32	$4,643
Dec 2004	20	597	39.86	6.75	$4,828
Nov 2004	39	488	45.28	6.33	$4,855
Oct 2004	65	412	49.70	6.52	$5,915
Sep 2004	84	404	43.24	5.28	$5,767
Aug 2004	35	499	42.37	5.55	$4,253
Jul 2004	26	587	38.28	6.08	$4,567
Jun 2004	26	567	36.10	6.43	$4,586
May 2004	28	573	37.48	6.49	$4,771
Apr 2004	28	535	34.47	5.86	$4,099
Mar 2004	14	580	34.36	5.53	$3,689
Feb 2004	9	574	32.45	5.51	$3,455
Jan 2004	28	595	32.03	6.30	$4,645
Dec 2003	30	625	30.26	6.30	$4,846
Nov 2003	35	652	28.80	4.60	$4,004
Oct 2003	41	675	28.17	4.76	$4,368
Sep 2003	38	642	26.31	4.75	$4,049
Aug 2003	35	674	29.76	5.13	$4,499
Jul 2003	35	659	29.41	5.17	$4,437
Jun 2003	23	587	28.56	5.98	$4,169
May 2003	24	603	26.59	5.97	$4,240
Apr 2003	25	615	26.67	5.41	$3,992
Mar 2003	26	648	31.14	6.10	$4,760
Feb 2003	24	622	33.48	7.93	$5,733
Jan 2003	10	660	30.31	5.58	$3,987
Dec 2002	25	643	26.91	4.85	$3,794
Nov 2002	55	697	24.66	4.14	$4,240
Oct 2002	68	666	26.46	4.23	$4,616
Sep 2002	82	599	27.44	3.64	$4,428
Aug 2002	81	636	25.96	3.16	$4,115
Jul 2002	41	671	24.58	3.06	$3,062
Jun 2002	13	641	23.73	3.34	$2,448
May 2002	11	664	24.66	3.58	$2,651
Apr 2002	23	653	23.65	3.51	$2,837
Mar 2002	38	680	22.00	3.10	$2,946
Feb 2002	43	622	18.22	2.38	$2,261
Jan 2002	67	714	17.17	2.38	$2,847
Dec 2001	75	756	16.93	2.36	$3,057
Nov 2001	33	852	18.07	2.41	$2,646
Oct 2001	34	865	19.78	2.53	$2,860
Sep 2001	44	831	24.26	2.25	$2,938
Aug 2001	61	771	24.87	3.05	$3,871
Jul 2001	64	793	23.93	3.20	$4,067
Jun 2001	40	731	24.56	3.82	$3,778
May 2001	66	641	25.52	4.31	$4,445
Apr 2001	114	832	24.68	5.34	$7,253
Mar 2001	334	765	24.54	5.38	$12,309
Feb 2001	58	669	27.75	5.77	$5,468
Jan 2001	70	693	27.47	8.40	$7,743
Dec 2000	59	733	26.88	9.12	$8,273
Nov 2000	20	803	32.21	5.66	$5,188
Oct 2000	19	822	31.23	5.15	$4,823
Sep 2000	17	798	31.87	5.19	$4,681
Aug 2000	31	898	29.64	4.54	$4,996
Jul 2000	31	919	28.53	4.09	$4,643
Jun 2000	32	862	29.30	4.40	$4,728
May 2000	64	926	27.26	3.68	$5,152
Apr 2000	53	871	24.51	3.12	$4,013
Mar 2000	51	964	28.42	2.86	$4,206
Feb 2000	83	746	27.62	2.73	$4,326
Jan 2000	98	800	25.27	2.48	$4,461
Dec 1999	102	728	24.28	2.42	$4,241
Nov 1999	52	736	23.19	2.43	$2,997
Oct 1999	56	841	20.98	2.80	$3,533
Sep 1999	48	793	21.75	2.62	$3,121
Aug 1999	66	784	19.26	2.88	$3,526
Jul 1999	47	768	17.89	2.37	$2,663
Jun 1999	42	745	15.94	2.36	$2,429
May 1999	43	754	15.79	2.32	$2,429
Apr 1999	42	732	15.10	2.21	$2,250
Mar 1999	37	773	12.47	1.84	$1,882
Feb 1999	35	780	9.98	1.82	$1,767
Jan 1999	32	894	10.38	1.90	$2,031
Dec 1998	69	903	9.20	1.77	$2,236
Nov 1998	83	899	10.89	2.19	$2,869
Oct 1998	83	945	12.42	1.97	$2,892
Sep 1998	94	924	12.59	2.08	$3,108
Aug 1998	72	1,105	11.30	1.91	$2,921
Jul 1998	56	1,146	11.74	2.24	$3,221
Jun 1998	65	1,160	11.24	2.24	$3,326
May 1998	83	811	12.62	2.21	$2,837
Apr 1998	83	753	13.04	2.51	$2,969
Mar 1998	81	776	12.80	2.31	$2,829
Feb 1998	69	734	13.95	2.30	$2,650
Jan 1998	89	820	14.70	2.15	$3,075
Dec 1997	91	843	16.32	2.41	$3,518
Nov 1997	83	854	18.19	3.09	$4,147
Oct 1997	81	853	19.25	3.15	$4,246
Sep 1997	80	776	17.74	2.95	$3,712
Aug 1997	66	1,223	17.86	2.55	$4,303
Jul 1997	79	1,183	17.58	2.25	$4,047
Jun 1997	83	1,266	17.24	2.26	$4,289
May 1997	85	1,014	18.97	2.31	$3,953
Apr 1997	89	1,016	17.88	2.08	$3,707
Mar 1997	71	1,073	18.95	1.94	$3,426
Feb 1997	23	935	20.49	2.21	$2,534
Jan 1997	19	1,015	23.48	3.54	$4,039
Dec 1996	22	1,105	23.32	—	$513
Nov 1996	21	1,130	21.97	—	$461
Oct 1996	31	1,394	23.31	—	$723
Sep 1996	43	1,311	22.22	—	$955
Aug 1996	89	1,183	20.26	—	$1,803
Jul 1996	68	1,272	19.55	—	$1,329
Jun 1996	74	1,174	18.73	—	$1,386
May 1996	98	996	19.43	—	$1,904
Apr 1996	101	948	21.51	—	$2,173
Mar 1996	120	1,091	19.38	—	$2,326
Feb 1996	116	1,099	16.98	—	$1,970
Jan 1996	126	1,299	17.07	—	$2,151
Dec 1995	117	1,225	17.19	—	$2,011
Nov 1995	78	1,239	16.00	—	$1,248
Oct 1995	65	1,415	15.43	—	$1,003
Sep 1995	84	1,408	16.18	—	$1,359
Aug 1995	171	2,053	15.92	—	$2,722
Jul 1995	129	1,355	15.24	—	$1,966
Jun 1995	98	1,602	16.41	—	$1,608
May 1995	94	3,251	17.56	—	$1,651
Apr 1995	119	2,179	17.73	—	$2,110
Mar 1995	122	1,989	16.44	—	$2,006
Feb 1995	61	1,625	16.58	—	$1,011
Jan 1995	146	1,428	15.92	—	$2,324
Dec 1994	180	2,283	15.03	—	$2,705
Nov 1994	161	2,479	15.90	—	$2,560
Oct 1994	84	2,107	15.58	—	$1,309
Sep 1994	96	2,005	15.29	—	$1,468
Aug 1994	128	2,491	16.13	—	$2,065
Jul 1994	280	2,128	17.56	—	$4,917
Jun 1994	223	4,494	17.09	—	$3,811
May 1994	728	15,399	15.88	—	$11,561
Apr 1994	936	19,722	14.14	—	$13,235
Mar 1994	823	18,766	12.46	—	$10,255
Feb 1994	920	21,955	12.50	—	$11,500
Jan 1994	913	23,151	12.66	—	$11,559
Dec 1993	1,251	30,873	12.33	—	$15,425
Nov 1993	1,001	32,028	14.49	—	$14,504
Oct 1993	1,427	37,149	15.85	—	$22,618
Sep 1993	1,842	47,335	15.03	—	$27,685
Aug 1993	2,518	54,168	15.66	—	$39,432
Jul 1993	2,192	44,462	15.46	—	$33,888
Jun 1993	1,206	30,703	16.79	—	$20,249
May 1993	1,405	35,538	17.68	—	$24,840
Apr 1993	1,671	38,414	18.05	—	$30,162
Mar 1993	2,045	36,046	18.14	—	$37,096
Feb 1993	2,099	33,140	17.90	—	$37,572
Jan 1993	2,618	29,522	16.93	—	$44,323

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 2010 — as filed, then multipliedworked

Oil                    0 bbl  × $ 81.69 =         $0
Casinghead gas       231 Mcf  × $  4.12 =       $952

────────────────────────────────────────────────────
Month total                                     $952

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/24812 is the state's own key, not one this site invented.