SETTLES -A-

Operated by LEGACY RESERVES OPERATING LP (P-5 495445) 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 2731District 08Field 42971001Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$3.0 M
Jan 1993 – Aug 2012
Value, last 12 filed months
$41 k
at the published price for each month
Months reported
236
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.

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
OilDisposition121,651 bbl$2,976,125
Casinghead gasProduction187 Mcf$719
Total$2,976,844

48 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 (9)

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 32.1019, -101.4199. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

32.10230, -101.42015 · 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%
9 of 9 wells
With a plug date
66.7%
6 of 9 wells
Median depth
2,417 ft
7 wells filed one
Completion to plug
13.6 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
9100.0%
A plug date is filed
666.7%
BothOn the schedule and plugged. Neither fact cancels the other.
666.7%
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, 7 of 9 wells. Median 2,417 ft, with the middle half between 2,283 and 2,439 ft; the shallowest is 1,465 ft and the deepest 2,600 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, 4 of 9 wells, Aug 1966 – May 2000. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Aug 1966 – May 2000
4 of 9 wells; 5 filed none
Plug dates filed
Feb 1984 – Oct 1999
6 of 9 wells; 3 filed none

Last completion to plug: a median of 13.6 years across the 3 wells that filed both dates, with the middle half between 9.9 years and 15.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

9 wells

42-2270008572,405 ftOct 1999Yes
42-2270154042,160 ftApr 1998Yes
42-227015469Yes
42-227015641W2,446 ftFeb 1984Yes
42-227042413Yes
42-22735451142,417 ftMay 2000Yes
42-2270008152,432 ftJun 1993Sep 1999Yes
42-22732647132,600 ftSep 1984Apr 1998Yes
42-2271070912W1,465 ftAug 1966Feb 1984Yes

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 (236)

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

236 months

Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
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 2011430095.723.31$41,160
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 2011353092.904.64$32,794
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 2011364096.364.06$35,075
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 2010361085.734.35$30,949
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 2010355072.633.98$25,784
Aug 20100073.684.42$0
Jul 2010373072.554.74$27,061
Jun 20100070.364.91$0
May 2010369071.124.24$26,243
Apr 20100081.694.12$0
Mar 2010336078.394.39$26,339
Feb 20100073.585.44$0
Jan 2010380074.365.96$28,257
Dec 2009360071.445.48$25,718
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 2009367065.543.06$24,053
Aug 20090067.423.22$0
Jul 2009370061.133.46$22,618
Jun 20090066.163.90$0
May 2009379054.743.93$20,746
Apr 20090046.773.59$0
Mar 2009372042.144.06$15,676
Feb 20090032.814.63$0
Jan 2009380035.865.37$13,627
Dec 20080037.105.98$0
Nov 2008378055.496.86$20,975
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 20081490114.228.48$17,019
Jul 20082161131.0811.39$28,325
Jun 20081801131.3313.03$23,652
May 20082001123.1711.57$24,646
Apr 20082101110.3110.45$23,176
Mar 20082521101.909.66$25,688
Feb 2008281192.538.77$26,010
Jan 2008237190.388.21$21,428
Dec 20070188.337.30$7
Nov 2007187191.677.29$17,150
Oct 2007210182.856.92$17,405
Sep 2007192175.846.24$14,568
Aug 2007183169.066.39$12,644
Jul 2007195170.906.39$13,832
Jun 2007173162.007.55$10,734
May 2007208158.747.85$12,226
Apr 2007192159.617.81$11,453
Mar 2007206156.927.30$11,733
Feb 2007191155.108.22$10,532
Jan 2007214150.306.73$10,771
Dec 2006170156.656.92$9,637
Nov 2006199154.207.62$10,793
Oct 2006210154.906.01$11,535
Sep 2006181160.085.04$10,880
Aug 2006191168.717.34$13,131
Jul 2006190169.376.34$13,187
Jun 2006156166.286.38$10,346
May 2006198166.016.42$13,076
Apr 2006196164.397.36$12,628
Mar 2006202156.707.08$11,460
Feb 2006184157.597.75$10,604
Jan 2006178160.598.93$10,794
Dec 2005178154.9413.42$9,793
Nov 2005143154.6910.59$7,831
Oct 2005155158.3413.80$9,057
Sep 2005186161.4512.08$11,442
Aug 2005223161.519.80$13,727
Jul 2005192155.697.84$10,700
Jun 2005205152.337.38$10,735
May 2005198145.226.65$8,960
Apr 2005232149.207.36$11,422
Mar 2005208150.377.15$10,484
Feb 2005195145.226.31$8,824
Jan 2005206143.166.32$8,897
Dec 2004228139.866.75$9,095
Nov 2004189145.286.33$8,564
Oct 2004232149.706.52$11,537
Sep 2004100143.245.28$4,329
Aug 2004241142.375.55$10,217
Jul 2004231138.286.08$8,849
Jun 2004241136.106.43$8,707
May 2004216137.486.49$8,102
Apr 2004208134.475.86$7,176
Mar 2004169134.365.53$5,812
Feb 2004178132.455.51$5,782
Jan 2004249132.036.30$7,982
Dec 2003215130.266.30$6,512
Nov 2003230128.804.60$6,629
Oct 2003260128.174.76$7,329
Sep 2003242126.314.75$6,372
Aug 2003241129.765.13$7,177
Jul 2003269129.415.17$7,916
Jun 2003219128.565.98$6,261
May 2003279126.595.97$7,425
Apr 2003252126.675.41$6,726
Mar 2003263131.146.10$8,196
Feb 2003207133.487.93$6,938
Jan 2003270130.315.58$8,189
Dec 2002245126.914.85$6,598
Nov 2002251124.664.14$6,194
Oct 2002207126.464.23$5,481
Sep 2002260127.443.64$7,138
Aug 2002266125.963.16$6,909
Jul 2002341124.583.06$8,385
Jun 2002253123.733.34$6,007
May 2002279124.663.58$6,884
Apr 2002255123.653.51$6,034
Mar 2002265122.003.10$5,833
Feb 2002272118.222.38$4,958
Jan 2002236117.172.38$4,055
Dec 2001249116.932.36$4,218
Nov 2001246118.072.41$4,448
Oct 2001283119.782.53$5,600
Sep 2001192124.262.25$4,660
Aug 2001203124.873.05$5,052
Jul 2001212123.933.20$5,076
Jun 2001198124.563.82$4,867
May 2001210125.524.31$5,364
Apr 2001275124.685.34$6,792
Mar 2001245124.545.38$6,018
Feb 2001233127.755.77$6,472
Jan 2001190127.478.40$5,228
Dec 2000199126.889.12$5,358
Nov 2000279132.215.66$8,992
Oct 2000299131.235.15$9,343
Sep 2000242131.875.19$7,718
Aug 2000366129.644.54$10,853
Jul 2000272128.534.09$7,764
Jun 2000295129.304.40$8,648
May 2000304127.263.68$8,291
Apr 200086124.513.12$2,111
Mar 200095128.422.86$2,703
Feb 200086127.622.73$2,378
Jan 200081125.272.48$2,049
Dec 199984124.282.42$2,042
Nov 199991123.192.43$2,113
Oct 199995120.982.80$1,996
Sep 199995121.752.62$2,069
Aug 199999119.262.88$1,910
Jul 199987117.892.37$1,559
Jun 199993115.942.36$1,485
May 199994115.792.32$1,487
Apr 199994115.102.21$1,422
Mar 199980112.471.84$999
Feb 19998819.981.82$880
Jan 199977110.381.90$801
Dec 19988919.201.77$821
Nov 1998155110.892.19$1,690
Oct 19980112.421.97$2
Sep 199897112.592.08$1,223
Aug 199879111.301.91$895
Jul 199858111.742.24$683
Jun 1998101111.242.24$1,137
May 1998353112.622.21$4,457
Apr 1998739113.042.51$9,639
Mar 1998764112.802.31$9,782
Feb 1998735113.952.30$10,256
Jan 19981,103114.702.15$16,216
Dec 19971,060116.322.41$17,302
Nov 19971,033118.193.09$18,793
Oct 19971,070119.253.15$20,601
Sep 19971,043117.742.95$18,506
Aug 19971,443117.862.55$25,775
Jul 19971,093117.582.25$19,217
Jun 19971,126117.242.26$19,415
May 19971,450118.972.31$27,509
Apr 19971,150117.882.08$20,564
Mar 19971,150118.951.94$21,794
Feb 19971,023120.492.21$20,963
Jan 19971,103123.483.54$25,902
Dec 19961,359123.32$31,692
Nov 19961,164121.97$25,573
Oct 19961,134123.31$26,434
Sep 19961,326122.22$29,464
Aug 19961,400120.26$28,364
Jul 19961,425119.55$27,859
Jun 19961,054118.73$19,741
May 19961,408119.43$27,357
Apr 19961,530121.51$32,910
Mar 19961,122119.38$21,744
Feb 1996771116.98$13,092
Jan 19961,402117.07$23,932
Dec 1995689117.19$11,844
Nov 19951,169116.00$18,704
Oct 19951,932115.43$29,811
Sep 19951,542116.18$24,950
Aug 19951,936115.92$30,821
Jul 19951,916115.24$29,200
Jun 19951,533116.41$25,157
May 19951,931117.56$33,908
Apr 19951,684117.73$29,857
Mar 19951,867116.44$30,693
Feb 19951,931116.58$32,016
Jan 19951,544115.92$24,580
Dec 19941,897115.03$28,512
Nov 19941,895115.90$30,131
Oct 19941,555115.58$24,227
Sep 19941,156115.29$17,675
Aug 19941,549116.13$24,985
Jul 19941,511117.56$26,533
Jun 19941,147117.09$19,602
May 19941,890115.88$30,013
Apr 19941,443114.14$20,404
Mar 19942,284112.46$28,459
Feb 19941,564112.50$19,550
Jan 19941,564112.66$19,800
Dec 19931,791112.33$22,083
Nov 19931,930114.49$27,966
Oct 19931,956115.85$31,003
Sep 19931,912115.03$28,737
Aug 19932,141115.66$33,528
Jul 19932,215115.46$34,244
Jun 19932,600116.79$43,654
May 19931,136117.68$20,084
Apr 19931,377118.05$24,855
Mar 19931,159118.14$21,024
Feb 1993759117.90$13,586
Jan 19931,079116.93$18,267

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                  430 bbl  × $ 95.72 =    $41,160
Casinghead gas         0 Mcf  × $  3.31 =         $0

────────────────────────────────────────────────────
Month total                                  $41,160

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/2731 is the state's own key, not one this site invented.