STERLING "T" FEE

Name: STERLING "T" 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, SW (PENN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 26940District 08Field 20101500NGPA filingOilCasinghead gasSave Export

Value, all time

$1.8 M

Jan 1993 – Jul 2004

Value, last 12 filed months

$22 k

at the published price for each month

Months reported

139

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	23	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	27,193 bbl	$479,118
Casinghead gas	Production	1,233,597 Mcf	$1,317,289
Total			$1,796,407

829,634 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 (13)

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 31.7019, -101.2355. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.9 miles.

31.70167, -101.23613 · 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%

13 of 13 wells

With a plug date

0.0%

0 of 13 wells

Median depth

8,300 ft

13 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

13100.0%

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, 13 of 13 wells. Median 8,300 ft, with the middle half between 8,257 and 8,400 ft; the shallowest is 8,250 ft and the deepest 8,400 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, 12 of 13 wells, Oct 1981 – Apr 2016. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Oct 1981 – Apr 2016

12 of 13 wells; 1 filed none

13 wells


42-43131343	5	8,265 ft	Apr 2016	—	Yes
42-43131100	3	8,400 ft	Apr 2016	—	Yes
42-43131799	11	8,250 ft	Mar 2016	—	Yes
42-43132192	12	8,250 ft	Sep 2013	—	Yes
42-43131779	9	8,300 ft	Jul 2010	—	Yes
42-43132666	13	8,250 ft	Jan 2009	—	Yes
42-43131778	10	8,350 ft	May 2008	—	Yes
42-43131372	7	8,340 ft	Sep 2003	—	Yes
42-43131345	6	8,300 ft	Sep 2003	—	Yes
42-43131373	8	8,257 ft	Oct 1983	—	Yes
42-43131099	4	8,400 ft	1982	—	Yes
42-43131055	2	8,400 ft	Jan 1982	—	Yes
42-43131048	1	8,400 ft	Oct 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 (139)

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

139 months


Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	38	4,040	29.76	5.13	$21,855
Jul 2003	37	3,851	29.41	5.17	$21,001
Jun 2003	36	3,694	28.56	5.98	$23,129
May 2003	34	3,778	26.59	5.97	$23,469
Apr 2003	42	3,700	26.67	5.41	$21,127
Mar 2003	65	4,007	31.14	6.10	$26,451
Feb 2003	72	3,530	33.48	7.93	$30,389
Jan 2003	85	3,802	30.31	5.58	$23,799
Dec 2002	84	3,959	26.91	4.85	$21,476
Nov 2002	109	4,000	24.66	4.14	$19,236
Oct 2002	100	3,899	26.46	4.23	$19,135
Sep 2002	90	3,810	27.44	3.64	$16,320
Aug 2002	56	4,031	25.96	3.16	$14,208
Jul 2002	49	4,217	24.58	3.06	$14,116
Jun 2002	44	4,138	23.73	3.34	$14,858
May 2002	55	4,338	24.66	3.58	$16,904
Apr 2002	89	4,365	23.65	3.51	$17,436
Mar 2002	138	4,636	22.00	3.10	$17,420
Feb 2002	112	4,021	18.22	2.38	$11,593
Jan 2002	146	4,527	17.17	2.38	$13,262
Dec 2001	163	4,655	16.93	2.36	$13,766
Nov 2001	134	4,305	18.07	2.41	$12,777
Oct 2001	122	4,630	19.78	2.53	$14,122
Sep 2001	93	4,396	24.26	2.25	$12,153
Aug 2001	75	4,386	24.87	3.05	$15,256
Jul 2001	73	4,583	23.93	3.20	$16,399
Jun 2001	64	4,110	24.56	3.82	$17,289
May 2001	96	4,117	25.52	4.31	$20,183
Apr 2001	105	4,026	24.68	5.34	$24,071
Mar 2001	102	4,140	24.54	5.38	$24,762
Feb 2001	64	3,826	27.75	5.77	$23,841
Jan 2001	79	4,295	27.47	8.40	$38,243
Dec 2000	106	4,445	26.88	9.12	$43,399
Nov 2000	105	4,610	32.21	5.66	$29,465
Oct 2000	75	4,769	31.23	5.15	$26,881
Sep 2000	51	4,837	31.87	5.19	$26,712
Aug 2000	70	5,072	29.64	4.54	$25,105
Jul 2000	79	5,115	28.53	4.09	$23,173
Jun 2000	113	5,019	29.30	4.40	$25,381
May 2000	157	4,964	27.26	3.68	$22,546
Apr 2000	195	4,945	24.51	3.12	$20,188
Mar 2000	156	5,078	28.42	2.86	$18,955
Feb 2000	169	4,887	27.62	2.73	$17,992
Jan 2000	182	5,505	25.27	2.48	$18,254
Dec 1999	183	5,272	24.28	2.42	$17,221
Nov 1999	257	5,158	23.19	2.43	$18,514
Oct 1999	224	5,626	20.98	2.80	$20,473
Sep 1999	239	5,617	21.75	2.62	$19,908
Aug 1999	210	5,494	19.26	2.88	$19,843
Jul 1999	192	5,612	17.89	2.37	$16,749
Jun 1999	204	4,988	15.94	2.36	$15,034
May 1999	232	5,318	15.79	2.32	$16,006
Apr 1999	165	5,020	15.10	2.21	$13,576
Mar 1999	158	5,346	12.47	1.84	$11,798
Feb 1999	125	4,463	9.98	1.82	$9,360
Jan 1999	140	5,222	10.38	1.90	$11,375
Dec 1998	140	5,057	9.20	1.77	$10,256
Nov 1998	164	5,388	10.89	2.19	$13,563
Oct 1998	111	5,137	12.42	1.97	$11,494
Sep 1998	119	4,740	12.59	2.08	$11,370
Aug 1998	202	5,218	11.30	1.91	$12,235
Jul 1998	152	5,873	11.74	2.24	$14,924
Jun 1998	142	6,297	11.24	2.24	$15,684
May 1998	145	6,079	12.62	2.21	$15,242
Apr 1998	158	6,029	13.04	2.51	$17,165
Mar 1998	163	6,662	12.80	2.31	$17,472
Feb 1998	130	6,084	13.95	2.30	$15,801
Jan 1998	177	6,894	14.70	2.15	$17,457
Dec 1997	167	6,761	16.32	2.41	$19,027
Nov 1997	137	6,674	18.19	3.09	$23,103
Oct 1997	120	6,708	19.25	3.15	$23,439
Sep 1997	112	6,200	17.74	2.95	$20,307
Aug 1997	108	6,531	17.86	2.55	$18,614
Jul 1997	122	6,085	17.58	2.25	$15,817
Jun 1997	208	6,290	17.24	2.26	$17,784
May 1997	207	7,051	18.97	2.31	$20,204
Apr 1997	219	7,349	17.88	2.08	$19,222
Mar 1997	184	7,661	18.95	1.94	$18,343
Feb 1997	208	6,469	20.49	2.21	$18,532
Jan 1997	149	6,532	23.48	3.54	$26,620
Dec 1996	154	6,523	23.32	—	$3,591
Nov 1996	121	6,109	21.97	—	$2,658
Oct 1996	156	6,505	23.31	—	$3,636
Sep 1996	171	7,555	22.22	—	$3,800
Aug 1996	194	8,599	20.26	—	$3,930
Jul 1996	174	8,754	19.55	—	$3,402
Jun 1996	177	8,251	18.73	—	$3,315
May 1996	199	7,029	19.43	—	$3,867
Apr 1996	230	7,065	21.51	—	$4,947
Mar 1996	224	7,700	19.38	—	$4,341
Feb 1996	234	8,000	16.98	—	$3,973
Jan 1996	272	8,829	17.07	—	$4,643
Dec 1995	252	8,243	17.19	—	$4,332
Nov 1995	150	7,818	16.00	—	$2,400
Oct 1995	265	13,055	15.43	—	$4,089
Sep 1995	219	12,661	16.18	—	$3,543
Aug 1995	216	15,840	15.92	—	$3,439
Jul 1995	248	17,604	15.24	—	$3,780
Jun 1995	201	17,382	16.41	—	$3,298
May 1995	270	19,015	17.56	—	$4,741
Apr 1995	309	16,030	17.73	—	$5,479
Mar 1995	363	16,897	16.44	—	$5,968
Feb 1995	268	15,567	16.58	—	$4,443
Jan 1995	410	18,256	15.92	—	$6,527
Dec 1994	495	19,903	15.03	—	$7,440
Nov 1994	451	18,076	15.90	—	$7,171
Oct 1994	356	18,173	15.58	—	$5,546
Sep 1994	350	18,368	15.29	—	$5,352
Aug 1994	337	21,138	16.13	—	$5,436
Jul 1994	398	20,848	17.56	—	$6,989
Jun 1994	371	24,149	17.09	—	$6,340
May 1994	441	22,508	15.88	—	$7,003
Apr 1994	469	26,477	14.14	—	$6,632
Mar 1994	601	25,509	12.46	—	$7,488
Feb 1994	604	23,563	12.50	—	$7,550
Jan 1994	690	23,437	12.66	—	$8,735
Dec 1993	764	24,794	12.33	—	$9,420
Nov 1993	567	21,737	14.49	—	$8,216
Oct 1993	700	19,637	15.85	—	$11,095
Sep 1993	582	25,092	15.03	—	$8,747
Aug 1993	458	27,362	15.66	—	$7,172
Jul 1993	324	23,679	15.46	—	$5,009
Jun 1993	381	22,968	16.79	—	$6,397
May 1993	339	25,893	17.68	—	$5,994
Apr 1993	366	25,776	18.05	—	$6,606
Mar 1993	491	29,139	18.14	—	$8,907
Feb 1993	487	25,213	17.90	—	$8,717
Jan 1993	512	26,908	16.93	—	$8,668

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.

Aug 2003 — as filed, then multipliedworked

Oil                   38 bbl  × $ 29.76 =     $1,131
Casinghead gas     4,040 Mcf  × $  5.13 =    $20,724

────────────────────────────────────────────────────
Month total                                  $21,855

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/26940 is the state's own key, not one this site invented.