CLAY, H. R. -G-

Operated by QUANTUM RESOURCES MANAGEMENT,LLC (P-5 684554) in the HOWARD GLASSCOCK field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 2694District 08Field 42971001Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$2.0 M
Jan 1993 – May 2012
Value, last 12 filed months
$62 k
at the published price for each month
Months reported
233
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 285 leases and 3,948 wells, and the rule below applies to all of them.

Discovered
1925-12-31
as the register files it
Field class
Oil
the register's own label
Between wells
400 ft
minimum
From a lease line
200 ft
minimum

A drilling unit in this field needs at least 5 acres. The field rule took effect on 2008-07-28.

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: HOWARD GLASSCOCK (CONSOLIDATED), EFFECTIVE 11/22/11.

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.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA4none

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.

StreamBasisVolumeValue
OilDisposition54,278 bbl$2,025,646
Casinghead gasProduction2,751 Mcf$516
Total$2,026,162

2,537 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 (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 32.1057, -101.3045. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

32.10571, -101.30451 · 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%
5 of 5 wells
With a plug date
20.0%
1 of 5 wells
Median depth
2,500 ft
3 wells filed one
Completion to plug
65.5 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
5100.0%
A plug date is filed
120.0%
BothOn the schedule and plugged. Neither fact cancels the other.
120.0%
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 1,900 and 2,515 ft, median 2,500 ft, over the 3 wells that filed a depth.

Completions filed
Oct 1928 – Sep 1967
3 of 5 wells; 2 filed none
Plug dates filed
Apr 1994
1 of 5 wells; 4 filed none

Last completion to plug: a median of 65.5 years across the 1 well that filed both dates, with the middle half between 65.5 years and 65.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells

42-227004934Yes
42-227024163Yes
42-2271082451,900 ftSep 1967Yes
42-2270252712,500 ftJun 1965Yes
42-2270252622,515 ftOct 1928Apr 1994Yes

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 (233)

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

233 months

May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 2011189095.723.31$18,091
Oct 2011176084.983.65$14,956
Sep 2011119083.623.99$9,951
Aug 2011125083.404.15$10,425
Jul 201187094.144.52$8,190
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 201194085.644.18$8,050
Jan 2011105086.504.59$9,083
Dec 2010151085.734.35$12,945
Nov 2010167080.843.80$13,500
Oct 2010218078.103.51$17,026
Sep 2010235072.633.98$17,068
Aug 2010205073.684.42$15,104
Jul 2010166072.554.74$12,043
Jun 2010180070.364.91$12,665
May 2010198071.124.24$14,082
Apr 2010201081.694.12$16,420
Mar 2010217078.394.39$17,011
Feb 2010467073.585.44$34,362
Jan 2010340074.365.96$25,282
Dec 2009204071.445.48$14,574
Nov 2009163074.593.75$12,158
Oct 2009174072.544.11$12,622
Sep 200994065.543.06$6,161
Aug 2009173067.423.22$11,664
Jul 2009187061.133.46$11,431
Jun 2009120066.163.90$7,939
May 2009199054.743.93$10,893
Apr 2009159046.773.59$7,436
Mar 2009187042.144.06$7,880
Feb 2009243032.814.63$7,973
Jan 2009239035.865.37$8,571
Dec 2008246037.105.98$9,127
Nov 2008237055.496.86$13,151
Oct 2008207075.246.92$15,575
Sep 20082450101.767.88$24,931
Aug 20082470114.228.48$28,212
Jul 20082410131.0811.39$31,590
Jun 20082430131.3313.03$31,913
May 20082470123.1711.57$30,423
Apr 20082290110.3110.45$25,261
Mar 20081430101.909.66$14,572
Feb 2008121092.538.77$11,196
Jan 2008186090.388.21$16,811
Dec 2007174088.337.30$15,369
Nov 2007157091.677.29$14,392
Oct 2007232082.856.92$19,221
Sep 2007271075.846.24$20,553
Aug 2007331069.066.39$22,859
Jul 2007505070.906.39$35,805
Jun 2007782062.007.55$48,484
May 2007870058.747.85$51,104
Apr 2007536059.617.81$31,951
Mar 2007310056.927.30$17,645
Feb 2007263055.108.22$14,491
Jan 2007293050.306.73$14,738
Dec 2006296056.656.92$16,768
Nov 2006248054.207.62$13,442
Oct 2006267054.906.01$14,658
Sep 2006271060.085.04$16,282
Aug 2006268068.717.34$18,414
Jul 2006186069.376.34$12,903
Jun 2006109066.286.38$7,225
May 2006140066.016.42$9,241
Apr 2006148064.397.36$9,530
Mar 2006146056.707.08$8,278
Feb 2006226057.597.75$13,015
Jan 2006213060.598.93$12,906
Dec 2005509054.9413.42$27,964
Nov 2005201054.6910.59$10,993
Oct 200560058.3413.80$3,500
Sep 200562061.4512.08$3,810
Aug 200564061.519.80$3,937
Jul 200599055.697.84$5,513
Jun 2005224052.337.38$11,722
May 2005186045.226.65$8,411
Apr 2005195049.207.36$9,594
Mar 2005245050.377.15$12,341
Feb 2005264045.226.31$11,938
Jan 2005202043.166.32$8,718
Dec 2004128039.866.75$5,102
Nov 2004229045.286.33$10,369
Oct 2004251049.706.52$12,475
Sep 2004257043.245.28$11,113
Aug 2004274042.375.55$11,609
Jul 2004281038.286.08$10,757
Jun 2004304036.106.43$10,974
May 2004327037.486.49$12,256
Apr 2004293034.475.86$10,100
Mar 2004316034.365.53$10,858
Feb 2004307032.455.51$9,962
Jan 2004311032.036.30$9,961
Dec 2003339030.266.30$10,258
Nov 2003351028.804.60$10,109
Oct 2003347028.174.76$9,775
Sep 2003333026.314.75$8,761
Aug 2003303029.765.13$9,017
Jul 200356029.415.17$1,647
Jun 2003235028.565.98$6,712
May 2003356026.595.97$9,466
Apr 2003326026.675.41$8,694
Mar 2003327031.146.10$10,183
Feb 2003341033.487.93$11,417
Jan 2003406030.315.58$12,306
Dec 2002224026.914.85$6,028
Nov 2002232024.664.14$5,721
Oct 2002239026.464.23$6,324
Sep 2002215027.443.64$5,900
Aug 2002211025.963.16$5,478
Jul 2002244024.583.06$5,998
Jun 2002195023.733.34$4,627
May 2002241024.663.58$5,943
Apr 2002214023.653.51$5,061
Mar 2002228022.003.10$5,016
Feb 2002132018.222.38$2,405
Jan 2002161017.172.38$2,764
Dec 2001241016.932.36$4,080
Nov 2001224018.072.41$4,048
Oct 2001245019.782.53$4,846
Sep 2001240024.262.25$5,822
Aug 2001291024.873.05$7,237
Jul 2001252023.933.20$6,030
Jun 2001163024.563.82$4,003
May 2001247025.524.31$6,303
Apr 2001210024.685.34$5,183
Mar 2001234024.545.38$5,742
Feb 2001216027.755.77$5,994
Jan 2001183027.478.40$5,027
Dec 2000189026.889.12$5,080
Nov 2000202032.215.66$6,506
Oct 2000173031.235.15$5,403
Sep 2000177031.875.19$5,641
Aug 2000209029.644.54$6,195
Jul 2000222028.534.09$6,334
Jun 2000220029.304.40$6,446
May 2000213027.263.68$5,806
Apr 2000242024.513.12$5,931
Mar 2000244028.422.86$6,934
Feb 2000227027.622.73$6,270
Jan 2000249125.272.48$6,295
Dec 1999266124.282.42$6,461
Nov 1999275623.192.43$6,392
Oct 1999182320.982.80$3,827
Sep 1999244621.752.62$5,323
Aug 1999228619.262.88$4,409
Jul 1999180417.892.37$3,230
Jun 1999162315.942.36$2,589
May 1999209015.792.32$3,300
Apr 1999233215.102.21$3,523
Mar 1999248412.471.84$3,100
Feb 199925459.981.82$2,544
Jan 1999235310.381.90$2,445
Dec 199823109.201.77$2,125
Nov 1998216010.892.19$2,352
Oct 1998204712.421.97$2,547
Sep 1998227812.592.08$2,875
Aug 1998241811.301.91$2,739
Jul 1998252811.742.24$2,976
Jun 1998228811.242.24$2,581
May 1998266812.622.21$3,375
Apr 1998262813.042.51$3,437
Mar 1998267812.802.31$3,436
Feb 19983141013.952.30$4,403
Jan 1998267914.702.15$3,944
Dec 1997287916.322.41$4,706
Nov 1997279918.193.09$5,103
Oct 1997295819.253.15$5,704
Sep 1997313917.742.95$5,579
Aug 1997273817.862.55$4,896
Jul 1997257817.582.25$4,536
Jun 1997228717.242.26$3,947
May 1997225418.972.31$4,277
Apr 1997231817.882.08$4,147
Mar 1997283518.951.94$5,373
Feb 1997223420.492.21$4,578
Jan 1997211923.483.54$4,986
Dec 1996329523.32$7,672
Nov 1996286521.97$6,283
Oct 19962782023.31$6,480
Sep 19962602022.22$5,777
Aug 19963062520.26$6,200
Jul 19963142319.55$6,139
Jun 19962782118.73$5,207
May 19963321419.43$6,451
Apr 1996248621.51$5,334
Mar 1996167719.38$3,236
Feb 1996212116.98$3,600
Jan 1996297017.07$5,070
Dec 19952971517.19$5,105
Nov 19953331316.00$5,328
Oct 19952851215.43$4,398
Sep 19952583116.18$4,174
Aug 19952593115.92$4,123
Jul 19952523115.24$3,840
Jun 19952313116.41$3,791
May 19952193117.56$3,846
Apr 19952243117.73$3,972
Mar 1995823116.44$1,348
Feb 19952473116.58$4,095
Jan 19951183115.92$1,879
Dec 19941539315.03$2,300
Nov 19941199015.90$1,892
Oct 19943399315.58$5,282
Sep 19942669015.29$4,067
Aug 19942759316.13$4,436
Jul 19942829317.56$4,952
Jun 19942968817.09$5,059
May 19942769315.88$4,383
Apr 19942408814.14$3,394
Mar 19942909312.46$3,613
Feb 19942547712.50$3,175
Jan 19943329312.66$4,203
Dec 19933399112.33$4,180
Nov 19933588914.49$5,187
Oct 1993338115.85$5,357
Sep 19932399015.03$3,592
Aug 19932469015.66$3,852
Jul 19932779315.46$4,282
Jun 19932668916.79$4,466
May 19932769317.68$4,880
Apr 19932708918.05$4,874
Mar 19933089318.14$5,587
Feb 19932798117.90$4,994
Jan 19932788816.93$4,707

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.

Nov 2011 — as filed, then multipliedworked
Oil                  189 bbl  × $ 95.72 =    $18,091
Casinghead gas         0 Mcf  × $  3.31 =         $0

────────────────────────────────────────────────────
Month total                                  $18,091

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/2694 is the state's own key, not one this site invented.