GIBBS, W. S. ET AL

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

Operated by BEACH EXPLORATION, INC. (P-5 58915) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 26403District 08Field 85280300NGPA filingOilCasinghead gasSave Export

Value, all time

$592 k

Jan 1993 – Aug 2007

Value, last 12 filed months

$2 k

at the published price for each month

Months reported

176

no gaps in the span

Streams

oil, casinghead gas

The SPRABERRY (TREND AREA) 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 16,587 leases and 43,997 wells, and the rule below applies to all of them.

Discovered

1952-12-22

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2018-02-13.

The Commission's schedule remark for this field reads: “SPRABERRY (TREND AREA) FIELD EFFECTIVE 10/1/2019.”

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	21,773 bbl	$463,032
Casinghead gas	Production	57,470 Mcf	$129,276
Total			$592,308

22,296 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 (1)

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 32.2381, -101.7108. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.23813, -101.71082 · 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%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

8,160 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

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

1100.0%

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

The one well that filed a depth was drilled to 8,160 ft.

Plug dates filed

Apr 2007

1 of 1 wells

1 well


42-31732262	1	8,160 ft	—	Apr 2007	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 (176)

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

176 months


Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	34	0	59.61	7.81	$2,027
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	8	50.37	7.15	$57
Feb 2005	0	29	45.22	6.31	$183
Jan 2005	149	96	43.16	6.32	$7,038
Dec 2004	0	227	39.86	6.75	$1,533
Nov 2004	172	284	45.28	6.33	$9,586
Oct 2004	0	203	49.70	6.52	$1,323
Sep 2004	180	303	43.24	5.28	$9,384
Aug 2004	172	324	42.37	5.55	$9,086
Jul 2004	174	318	38.28	6.08	$8,595
Jun 2004	0	309	36.10	6.43	$1,988
May 2004	163	321	37.48	6.49	$8,194
Apr 2004	181	301	34.47	5.86	$8,002
Mar 2004	179	255	34.36	5.53	$7,561
Feb 2004	0	258	32.45	5.51	$1,421
Jan 2004	176	377	32.03	6.30	$8,012
Dec 2003	182	377	30.26	6.30	$7,883
Nov 2003	180	363	28.80	4.60	$6,852
Oct 2003	183	367	28.17	4.76	$6,902
Sep 2003	0	377	26.31	4.75	$1,791
Aug 2003	173	360	29.76	5.13	$6,995
Jul 2003	179	326	29.41	5.17	$6,950
Jun 2003	179	397	28.56	5.98	$7,487
May 2003	0	340	26.59	5.97	$2,031
Apr 2003	179	384	26.67	5.41	$6,850
Mar 2003	179	304	31.14	6.10	$7,427
Feb 2003	180	257	33.48	7.93	$8,063
Jan 2003	0	272	30.31	5.58	$1,518
Dec 2002	183	276	26.91	4.85	$6,264
Nov 2002	183	273	24.66	4.14	$5,642
Oct 2002	183	273	26.46	4.23	$5,997
Sep 2002	181	273	27.44	3.64	$5,959
Aug 2002	0	432	25.96	3.16	$1,367
Jul 2002	167	441	24.58	3.06	$5,455
Jun 2002	181	429	23.73	3.34	$5,727
May 2002	181	429	24.66	3.58	$6,001
Apr 2002	0	413	23.65	3.51	$1,451
Mar 2002	181	253	22.00	3.10	$4,767
Feb 2002	163	337	18.22	2.38	$3,770
Jan 2002	177	301	17.17	2.38	$3,754
Dec 2001	0	301	16.93	2.36	$712
Nov 2001	171	384	18.07	2.41	$4,014
Oct 2001	170	412	19.78	2.53	$4,405
Sep 2001	179	418	24.26	2.25	$5,284
Aug 2001	165	432	24.87	3.05	$5,423
Jul 2001	0	456	23.93	3.20	$1,458
Jun 2001	161	434	24.56	3.82	$5,614
May 2001	183	439	25.52	4.31	$6,561
Apr 2001	175	333	24.68	5.34	$6,096
Mar 2001	185	331	24.54	5.38	$6,320
Feb 2001	168	280	27.75	5.77	$6,277
Jan 2001	183	327	27.47	8.40	$7,773
Dec 2000	0	298	26.88	9.12	$2,719
Nov 2000	164	264	32.21	5.66	$6,776
Oct 2000	176	336	31.23	5.15	$7,225
Sep 2000	185	335	31.87	5.19	$7,633
Aug 2000	0	395	29.64	4.54	$1,794
Jul 2000	177	382	28.53	4.09	$6,612
Jun 2000	181	373	29.30	4.40	$6,943
May 2000	183	378	27.26	3.68	$6,380
Apr 2000	0	362	24.51	3.12	$1,128
Mar 2000	172	362	28.42	2.86	$5,923
Feb 2000	176	346	27.62	2.73	$5,804
Jan 2000	176	339	25.27	2.48	$5,288
Dec 1999	168	335	24.28	2.42	$4,891
Nov 1999	0	318	23.19	2.43	$774
Oct 1999	182	358	20.98	2.80	$4,822
Sep 1999	177	351	21.75	2.62	$4,769
Aug 1999	175	362	19.26	2.88	$4,411
Jul 1999	0	375	17.89	2.37	$890
Jun 1999	152	349	15.94	2.36	$3,247
May 1999	178	378	15.79	2.32	$3,688
Apr 1999	181	363	15.10	2.21	$3,535
Mar 1999	177	383	12.47	1.84	$2,911
Feb 1999	0	272	9.98	1.82	$494
Jan 1999	179	379	10.38	1.90	$2,578
Dec 1998	182	397	9.20	1.77	$2,378
Nov 1998	169	396	10.89	2.19	$2,706
Oct 1998	0	343	12.42	1.97	$675
Sep 1998	171	467	12.59	2.08	$3,125
Aug 1998	166	482	11.30	1.91	$2,795
Jul 1998	174	153	11.74	2.24	$2,385
Jun 1998	161	452	11.24	2.24	$2,821
May 1998	176	462	12.62	2.21	$3,240
Apr 1998	174	453	13.04	2.51	$3,404
Mar 1998	0	456	12.80	2.31	$1,053
Feb 1998	176	428	13.95	2.30	$3,439
Jan 1998	177	455	14.70	2.15	$3,582
Dec 1997	181	433	16.32	2.41	$3,998
Nov 1997	178	446	18.19	3.09	$4,615
Oct 1997	0	462	19.25	3.15	$1,455
Sep 1997	142	459	17.74	2.95	$3,875
Aug 1997	300	474	17.86	2.55	$6,569
Jul 1997	174	419	17.58	2.25	$4,000
Jun 1997	0	426	17.24	2.26	$962
May 1997	154	475	18.97	2.31	$4,018
Apr 1997	176	451	17.88	2.08	$4,086
Mar 1997	165	467	18.95	1.94	$4,032
Feb 1997	173	429	20.49	2.21	$4,491
Jan 1997	171	482	23.48	3.54	$5,721
Dec 1996	147	486	23.32	—	$3,428
Nov 1996	172	474	21.97	—	$3,779
Oct 1996	173	495	23.31	—	$4,033
Sep 1996	169	485	22.22	—	$3,755
Aug 1996	153	481	20.26	—	$3,100
Jul 1996	173	454	19.55	—	$3,382
Jun 1996	147	438	18.73	—	$2,753
May 1996	159	476	19.43	—	$3,089
Apr 1996	176	466	21.51	—	$3,786
Mar 1996	170	479	19.38	—	$3,295
Feb 1996	176	438	16.98	—	$2,988
Jan 1996	177	475	17.07	—	$3,021
Dec 1995	131	468	17.19	—	$2,252
Nov 1995	167	530	16.00	—	$2,672
Oct 1995	161	460	15.43	—	$2,484
Sep 1995	136	476	16.18	—	$2,200
Aug 1995	300	497	15.92	—	$4,776
Jul 1995	173	497	15.24	—	$2,637
Jun 1995	174	471	16.41	—	$2,855
May 1995	171	416	17.56	—	$3,003
Apr 1995	131	368	17.73	—	$2,323
Mar 1995	165	495	16.44	—	$2,713
Feb 1995	174	438	16.58	—	$2,885
Jan 1995	161	495	15.92	—	$2,563
Dec 1994	168	509	15.03	—	$2,525
Nov 1994	171	490	15.90	—	$2,719
Oct 1994	165	520	15.58	—	$2,571
Sep 1994	166	510	15.29	—	$2,538
Aug 1994	330	534	16.13	—	$5,323
Jul 1994	160	538	17.56	—	$2,810
Jun 1994	153	504	17.09	—	$2,615
May 1994	174	522	15.88	—	$2,763
Apr 1994	161	513	14.14	—	$2,277
Mar 1994	163	515	12.46	—	$2,031
Feb 1994	173	465	12.50	—	$2,163
Jan 1994	168	513	12.66	—	$2,127
Dec 1993	325	510	12.33	—	$4,007
Nov 1993	170	481	14.49	—	$2,463
Oct 1993	166	496	15.85	—	$2,631
Sep 1993	171	406	15.03	—	$2,570
Aug 1993	162	355	15.66	—	$2,537
Jul 1993	157	329	15.46	—	$2,427
Jun 1993	178	325	16.79	—	$2,989
May 1993	170	388	17.68	—	$3,006
Apr 1993	171	378	18.05	—	$3,087
Mar 1993	168	435	18.14	—	$3,048
Feb 1993	167	371	17.90	—	$2,989
Jan 1993	167	431	16.93	—	$2,827

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 2007 — as filed, then multipliedworked

Oil                   34 bbl  × $ 59.61 =     $2,027
Casinghead gas         0 Mcf  × $  7.81 =         $0

────────────────────────────────────────────────────
Month total                                   $2,027

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/26403 is the state's own key, not one this site invented.