TERRY, I. W.

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

Operated by UNION PACIFIC RESOURCES COMPANY (P-5 876645) in the CONGER, SW (PENN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 25371District 08Field 20101500NGPA filingOilCasinghead gasSave Export

Value, all time

$333 k

Jan 1993 – Dec 1999

Value, last 12 filed months

$66 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The CONGER, SW (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 271 leases and 445 wells, and the rule below applies to all of them.

Discovered

1979-02-21

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 1986-07-01.

The Commission's schedule remark for this field reads: “OPERATOR REQUEST. TEXACO E & P INC ALLICIANT..”

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	34	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	9,325 bbl	$150,035
Casinghead gas	Production	683,272 Mcf	$183,419
Total			$333,455

603,102 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 (19)

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 31.6711, -101.2430. A lease has no coordinate of its own — that point is the mean of its wells, and they span 2.9 miles.

31.67155, -101.24921 · 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%

19 of 19 wells

With a plug date

0.0%

0 of 19 wells

Median depth

8,450 ft

19 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

19100.0%

A plug date is filed

00.0%

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

00.0%

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

Total depth in feet, 19 of 19 wells. Median 8,450 ft, with the middle half between 8,400 and 8,503 ft; the shallowest is 7,750 ft and the deepest 9,800 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 19 of 19 wells, Nov 1981 – Jul 2014. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Nov 1981 – Jul 2014

19 of 19 wells

19 wells


42-43130849	3	7,750 ft	Jul 2014	—	Yes
42-43130899	8	7,930 ft	Jul 2014	—	Yes
42-43130994	10	8,350 ft	Jul 2014	—	Yes
42-43130859	4	9,500 ft	Jul 2014	—	Yes
42-43131054	14	8,500 ft	May 2014	—	Yes
42-17331052	5	8,627 ft	May 2014	—	Yes
42-43130730	1	9,800 ft	Nov 2010	—	Yes
42-43130993	11	8,400 ft	Sep 2010	—	Yes
42-43131117	15	8,506 ft	Mar 2010	—	Yes
42-43130893	9	8,475 ft	Jul 2009	—	Yes
42-43130774	2	8,450 ft	Jan 2009	—	Yes
42-43131402	17	8,400 ft	Dec 2008	—	Yes
42-43131254	16	8,300 ft	Oct 2001	—	Yes
42-43130891	6	8,500 ft	Aug 2001	—	Yes
42-43130879	7	8,450 ft	Jul 2001	—	Yes
42-43131040	12	8,400 ft	Jun 2001	—	Yes
42-43132803	19	8,520 ft	Dec 1995	—	Yes
42-43132801	18	8,500 ft	Dec 1995	—	Yes
42-43131053	13	8,400 ft	Nov 1981	—	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 (84)

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

84 months


Dec 1999	0	0	24.28	2.42	$0
Nov 1999	0	0	23.19	2.43	$0
Oct 1999	39	0	20.98	2.80	$818
Sep 1999	0	0	21.75	2.62	$0
Aug 1999	103	0	19.26	2.88	$1,984
Jul 1999	202	4,000	17.89	2.37	$13,103
Jun 1999	103	3,998	15.94	2.36	$11,086
May 1999	207	3,661	15.79	2.32	$11,766
Apr 1999	107	3,275	15.10	2.21	$8,847
Mar 1999	111	3,574	12.47	1.84	$7,954
Feb 1999	0	2,426	9.98	1.82	$4,410
Jan 1999	106	2,452	10.38	1.90	$5,759
Dec 1998	0	2,348	9.20	1.77	$4,164
Nov 1998	0	2,515	10.89	2.19	$5,497
Oct 1998	92	2,601	12.42	1.97	$6,265
Sep 1998	0	2,295	12.59	2.08	$4,780
Aug 1998	0	2,214	11.30	1.91	$4,223
Jul 1998	0	2,264	11.74	2.24	$5,065
Jun 1998	0	2,273	11.24	2.24	$5,085
May 1998	65	2,783	12.62	2.21	$6,961
Apr 1998	0	2,850	13.04	2.51	$7,140
Mar 1998	0	3,154	12.80	2.31	$7,284
Feb 1998	40	2,131	13.95	2.30	$5,457
Jan 1998	0	2,558	14.70	2.15	$5,512
Dec 1997	47	2,967	16.32	2.41	$7,921
Nov 1997	0	503	18.19	3.09	$1,553
Oct 1997	0	3,317	19.25	3.15	$10,448
Sep 1997	0	0	17.74	2.95	$0
Aug 1997	0	0	17.86	2.55	$0
Jul 1997	90	2,579	17.58	2.25	$7,377
Jun 1997	191	5,063	17.24	2.26	$14,721
May 1997	0	2,825	18.97	2.31	$6,522
Apr 1997	100	2,814	17.88	2.08	$7,649
Mar 1997	96	2,573	18.95	1.94	$6,809
Feb 1997	0	193	20.49	2.21	$426
Jan 1997	0	3,964	23.48	3.54	$14,031
Dec 1996	0	4,995	23.32	—	$0
Nov 1996	106	2,358	21.97	—	$2,329
Oct 1996	0	6,004	23.31	—	$0
Sep 1996	0	3,141	22.22	—	$0
Aug 1996	202	6,615	20.26	—	$4,093
Jul 1996	0	5,875	19.55	—	$0
Jun 1996	0	7,829	18.73	—	$0
May 1996	107	6,748	19.43	—	$2,079
Apr 1996	328	9,602	21.51	—	$7,055
Mar 1996	104	7,682	19.38	—	$2,016
Feb 1996	223	6,117	16.98	—	$3,787
Jan 1996	0	2,715	17.07	—	$0
Dec 1995	0	6,958	17.19	—	$0
Nov 1995	72	6,314	16.00	—	$1,152
Oct 1995	83	5,984	15.43	—	$1,281
Sep 1995	72	4,854	16.18	—	$1,165
Aug 1995	193	3,647	15.92	—	$3,073
Jul 1995	0	3,647	15.24	—	$0
Jun 1995	71	3,664	16.41	—	$1,165
May 1995	81	3,665	17.56	—	$1,422
Apr 1995	0	4,213	17.73	—	$0
Mar 1995	126	6,460	16.44	—	$2,071
Feb 1995	0	4,623	16.58	—	$0
Jan 1995	0	5,713	15.92	—	$0
Dec 1994	410	6,363	15.03	—	$6,162
Nov 1994	390	18,304	15.90	—	$6,201
Oct 1994	0	19,707	15.58	—	$0
Sep 1994	177	18,950	15.29	—	$2,706
Aug 1994	383	19,933	16.13	—	$6,178
Jul 1994	0	20,523	17.56	—	$0
Jun 1994	188	19,848	17.09	—	$3,213
May 1994	194	19,782	15.88	—	$3,081
Apr 1994	186	19,730	14.14	—	$2,630
Mar 1994	187	21,327	12.46	—	$2,330
Feb 1994	357	19,515	12.50	—	$4,463
Jan 1994	366	22,340	12.66	—	$4,634
Dec 1993	175	19,012	12.33	—	$2,158
Nov 1993	760	18,207	14.49	—	$11,012
Oct 1993	5	18,261	15.85	—	$79
Sep 1993	180	19,250	15.03	—	$2,705
Aug 1993	184	19,759	15.66	—	$2,881
Jul 1993	190	20,612	15.46	—	$2,937
Jun 1993	552	28,145	16.79	—	$9,268
May 1993	192	20,807	17.68	—	$3,395
Apr 1993	183	20,405	18.05	—	$3,303
Mar 1993	389	20,608	18.14	—	$7,056
Feb 1993	210	19,605	17.90	—	$3,759
Jan 1993	0	22,686	16.93	—	$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.

Oct 1999 — as filed, then multipliedworked

Oil                   39 bbl  × $ 20.98 =       $818
Casinghead gas         0 Mcf  × $  2.80 =         $0

────────────────────────────────────────────────────
Month total                                     $818

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/25371 is the state's own key, not one this site invented.